2006 In Review
Comments(0) 2006 was a great year - 5-6 more just like it and we’ll be millionaires years ahead of schedule.
Liabilities were reduced by 4% due to extra money paid on the mortgage and retiring the auto loan we used to get a discount on the car (then paid off in 5 months).
Income was substantially higher than anticipated. My annual raise was a touch higher than normal, but the major impact was the overtime pay I received while our normal workforce was on strike. Strike pay ended up being 12% of my total compensation for the year.
Overall, our net worth increased by 28%, from the above items, plus a large run up of the stock market. With our money in index funds, we didn’t have to worry about missing out due to having money in the “wrong place” for the rally.
This made up for the poor 2002 we had, where net worth increased by a measly 6%, which seemed even worse given the absolute value. 6% of not much is also not much.
