Across the web, I see other financial bloggers sharing their year-end financial summaries. Some folks had good years. Financial Samurai's net worth increased by 6.5% in 2018. Others had mediocre years. Fritz at The Retirement Manifesto saw his net worth decline by 2.1% thanks to a volatile stock market.
Me? Well, I'm embarrassed to share how my year went financially. It sucked. No, seriously. It was terrible.
My net worth declined by 15.2% in 2018 — nearly $250,000!
Here's a graph of the monthly changes to my net worth during the past two years:
What happened? Did I buy a Lamborghini? Did I spend a ton during my recent three-week trip to Europe? Have Kim and I been binging on cocaine and chocolate? Nope. While there's no doubt that my habits contributed to my loss of wealth, there are larger forces at play here.
Let's take a closer look. [Read more…]