Thursday, December 31, 2009

Net Worth according to my age

I forget now how I even came across this Web site (www.CNNMoney.com), but it’s one that should be bookmarked. With 2010 on its way, I started re-assessing my financial situation and establishing goals for the new year.

This helpful Web site is SOOOO easy to use and provides a decent benchmark for where you should be. All you have to do to calculate your median net worth for your age is type in your age. Simple as pie! According to the site, mine should be as follows:

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So go ahead and give it a try. Here’s the direct link: http://cgi.money.cnn.com/tools/networth_ageincome/index.html.

And if you’re interested in reading more about the household median net worth for your age or income level, this one is an interesting blog post: http://www.thedigeratilife.com/blog/index.php/2006/12/28/what-my-net-worth-should-be/.

Last day of 2009. Which means time to set goals for 2010!

Out with the old, and in with the new. :)

With the beginning of a new year comes goal-setting. w00t! In case you’re curious, I categorize mine in the following buckets:

1. Family

2. Career

3. Spiritual

4. Physical

5. Personal

6. Financial

No matter how you group yours, just be sure your goals are specific, measurable, in writing, have a time limit associated with them, and are FOR YOU ONLY.

Enjoy the last day of 2009!

Wednesday, December 2, 2009