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How quickly net worth can grow....

March 1st, 2012 at 04:19 pm

Here are some surprising figures I just uncovered as I sat down to do my monthly investment statement.

On March 1, 2009, my total invested assets were just $321,065.

I was still working then. That was about 6 months before my layoff from my last job. Life was good, even though we were in the peak of the recession.

Then my layoff happened in September 2009.

Fast forward exactly 3 years later.

March 1, 2012 total invested assets: $493,398

So in just three years, my assets have increased 35%, even despite the fact I haven't added much of anything to them during this time and that for 2.5 of those 3 years, I haven't even worked full-time.

It's kind of amazing what compounding returns can do and how a stock market recovery can float all ships.

8 Responses to “How quickly net worth can grow....”

  1. rob62521 Says:

    That has to make you feel good! Congrats on such good growth!

  2. creditcardfree Says:

    That is great! I love compounded growth...and I'm counting on it for the future, too.

  3. Analise Says:

    I think your assets have increased even more than 35%. Your original 321065 has grown almost 54%. (I subtracted 321065 from 493398 to get 172303. Divide 172303 by 321095 to get 53.661%. To check, multiply 321065 by 1.53661 and you get 493398). However, 172303 is 35% of your current 493398.

    Nonetheless, congratulations on the excellent growth and your diligence in saving more and spending less despite the challenges you have faced.

  4. Thrifty Ray Says:

    That is a great return given the last 3 year returns on most everything else. That has to make you feel good!

  5. MonkeyMama Says:

    So True.

  6. ceejay74 Says:

    That is amazing. I would say your unemployment journey is close to unique. It would make for a very interesting human interest news story. (So glad I get to read about it, anyway!)

  7. patientsaver Says:

    Thanks, Analise. (sheepish grin). I will always be miserable at math.

    I also should note that for about 6months i was contributing maximum 15% of salary to 401k, but then this past summer, I withdrew about $13,000 for my vinyl siding job. I can't remember any other significant additions or subtractions to savings during this time.

  8. Dido Says:

    Good return! Assuming there had been no additions or subtractions, that is a 15.39% annual return.

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