Net Worth for February 2008: Growth is Slowing, the End is Near

{ March 3rd, 2008 }

The Numbers:
Net Worth - $22,386
Percent Increase - 4.18%

Just like the U.S. economy, growth is slowing in the Lucre household. My wife’s change from working full-time to working part-time has started affecting her paychecks and our bottom line is obviously impacted. We grew by a total of $898 this month, down $228 from January. That brings our net worth up to $22,386, a growth of $2,024 on the year. March should see a similar drop in growth as the impact of the the “job” is expected to spread to other sectors of our economy. We expect consumer spending will decrease over the next quarter as we begin to feel the squeeze on our sources of equity, inhibiting returns on our cash back credit cards and forcing us to tighten up our budget. The outlook for the next several month is dim, with a projected write downs the savings-for-future-expenses market we could see a 25% or greater drop in value. Our net worth is on the verge of becoming a negative parabola. The end is near …

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