2million - My Journey to Financial Freedom

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Sunday, January 01, 2006

Finalizing My 2006 Net Worth Goal - $265,000

Earlier this month I tried to determine what a good net worth goal for 2006 would be, although at the time I didn't know exactly what my net worth would be at the end of the year.

I am in the process of crunching the numbers and it looks like I will end up with a net worth around $206,990 for 2005.

Based on this information I will finalize my 2006 net worth goal to $265,000. It is slightly more aggressive than I originally proposed, but I think it will be a good target for the new year.

6 Comments:

  • Congrats on ending the year on a great note. Let me know once you have finalized it and I will update the graph I have hosted on my blog with your net worth data. Once I have a few more responses, I will get it posted.

    Neo

    By Blogger Neo, at 6:45 PM  

  • Sounds like a fine goal to shoot for in the new year. Best of luck.

    -Matt
    crazy-money.blogspot.com

    By Blogger Matthew, at 8:44 PM  

  • Rankings of personal finance bloggers are up at pfadvice.

    By Anonymous personal finance advice, at 9:42 AM  

  • This is slightly personal...but could you provide a range of your salary? I'm 26 and earn approx $50K, and I have no idea how to turn that into a net worth of $200K in a year! What's the composition of your net worth increase? What percent of it is salary savings and what part of it are due to investment returns?

    By Blogger Continental Drifts, at 7:40 PM  

  • Since I am more of a visual person, I entered the net worth percent changes for the past four months (when available) of personal finance bloggers and created the following graph:

    http://neos-nest-egg.blogspot.com/2006/01/personal-finance-bloggers-net-worth_03.html

    Neo

    By Blogger Neo, at 4:04 PM  

  • If you haven't heard, I am organizing a "net worth challenge". If you are interested in participating, please drop by the following web site to get more details. For the time being, if you can post (at the below URL) your 2006 end of year goal, we might be using that information as part of the challenge.

    neos-nest-egg.blogspot.com/2006/01/net-worth-challenge.html

    Stay tuned for more details!

    Neo

    By Blogger Neo, at 10:39 AM  

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