January 4th, 2010 
admin 
Before I pull together my January 2010 Net Worth report, I thought I would take a look at how I did in 2009. Overall, 2009 was not a bad year for me money-wise. I was only mildly impacted by the poor economy compared to many. My salary stagnated (salary freeze at my company) but I stayed employed and my company continued its 401(k) match. While both of my rental units turned over in 2009, I was able to fill the vacancies immediately and bumped one of the rents up a bit to help off-set rising property taxes.
I made a big cash purchase in 2009 when I bought my Honda Fit. My cash accounts have mostly recovered from the purchase. Late in the year I started throwing “extra” cash at my mortgage principal.
But the real hero of my financial forward movement for 2009 are my retirement accounts. With every paycheck I kept investing the maximum allowable in my 401(k) and fully funded my Roth IRA for 2009. Those contributions along with investment gains propelled my Net Worth forward for the year.
The plan for 2010 is pretty simple. Keep spending less than I earn. Keep investing the maximum that I can in the most tax advantage way possible. Keep whittling away at my last remaining debt – my mortgage principal.
How about you? Was 2009 not as big a financial disaster as you thought?
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Tags: 2009