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2015 Financial Goal Update

January 4th, 2016 at 04:14 pm

About a year ago I set a financial goal for the 2015 year. My goal was to gave a 250K net worth by the end of the year. I missed that. By a long shot.

My net worth a year ago was $227,074. My net worth today is $227,948. An $874 increase.

Of course the stock market is tanking, that's a big factor.

I've also taken on more debt - to renovate that barn that I was talking about last time I was actively blogging, and braces for DD1, that I blogged about in April/May.

Also, when we were lining up the barn loan, our house was appraised. It wasn't fully appraised. We got what is called a BPO - Broker's Price Opinion. That's a drive-by appraisal.

I had our house listed on my balance sheet at 85K, and the BPO came back at 80K. Who knows, if the broker had walked through the house, he might have been closer to an 85K number, but to "official" number was 80K, so I changed my balance sheet to match that, so that's a 5K difference.

I wish I had recorded and saved what my retirement fund balance was a year ago. I have no idea, but I know it is less than it was a few months ago.

I suppose it only makes sense to set my 2016 goal back at 250K for 2016. We'll see how I do this year.

2 Responses to “2015 Financial Goal Update”

  1. ceejay74 Says:
    1451925483

    Yeah, the market has made it really tough to make any headway on my retirement-funds goal. I've been watching one fund in particular, my work 401(k), to see when the market recovers. It peaked at just over $84,000 at the end of July, and even though I contribute $400 per month ($2000 total since July), it's at less than $82,000 today.

  2. creditcardfree Says:
    1451935281

    Definitely hard to get ahead with added debt and a down market. It seems you are still doing pretty good considering!

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