The results are in, and after one year of racing The Hoff to $1 million dollars, I won I’m still losing by over $22,000.
Unfortunately, there is a huge unknown this year so I don’t even have the slighted clue how to predict the race. The Hoff is getting married.
From the beginning, we have decided that this is a race of household income. If you get married, the spouse’s net worth counts. If he is marrying a rich girl, he might even win the whole darn thing after he says “I do.” If she has tons of debt, I might jump ahead by a ton. Who knows?
There’s also the matter of paying for the wedding, paying for the honeymoon, and all the other expenses he will incur in getting married, so I don’t expect his spending to be very low.
I just don’t know what’s going to happen when he gets married, so I can’t worry about it. I can only affect my own net worth and how much I bring in. Here are some of the reasons I think 2012 is gonna be a great year for me financially.
- I’m actually starting to make a little money with this site, and have another website idea that will launch in the next week or so that might make me a few bucks
- This is a non-charity year for me. That’s a $6,000 savings for me compared to 2011
- I’m not doing any options investing in the near future, so I won’t lose a ton of money in the market
- I’ll be working hard on paying off my student loans and getting my debt down to zero.
So my plan is to just keep kicking butt at work, making a little extra on my side jobs, and we’ll see what happens with The Hoff and the future Mrs. Hoff.
Wish me luck!
My Net Worth Graphs
Here are the details of my net worth over the last 13 months. If you want to have a super sweet spreadsheet with awesome graphs like this, just download my net worth tracker (free, as always) with instructions here and start doing it yourself!
I was +$11,629.55 for the year! I can’t complain about that!
Carnival Links
Here are two weeks of carnival links (because of the holiday, I am a little behind). I’m featured in a lot of places so check them out.
Carnival of Personal Finance at Money Cactus
Yakezie Carnival at Passive Income to Retire
Carnival of Financial Camaraderie at My University Money
Canadian Finance Carnival at Canadian Finance Blog
Carnival of Wealth at Control Your Cash
Carnival of Financial Planning at Skilled Investor Blog
Personal Finance Whiz Carnival at Personal Finance Whiz
Yakezie Carnival at The Ultimate Juggle
Carnival of Financial Camaraderie at My University Money
Totally Money at Help Me to Save
Festival of Frugality at Funny about Money
Canadian Finance Carnival at Canadian Finance Blog
Carnival of Financial Planning at Skilled Investor Blog
Kevin McKee is an entrepreneur, IT guru, and personal finance leader. In addition to his writing, Kevin is the head of IT at Buildingstars, Co-Founder of Padmission, and organizer of Laravel STL. He is also the creator of www.contributetoopensource.com. When he’s not working, Kevin enjoys podcasting about movies and spending time with his wife and four children.
Gaining is part of the fun. Putting it out there for all to see is the fuel. I have a feeling you will get there and soon.
Congrats man, looks like you had a great year – that’s a pretty fancy net-worth chart you’ve got there, I may have to check it out.
Great job Kevin. I think you’ll definitely get within 20k. I’m curious to see how getting married impact the Hoff’s net worth.
its unlikely that he is getting married to a millionaire, since there are just not that many of them compaired to the population as a whole. If his future spouse is in her 20s or early 30s, his household networth will probably go down (so many in this age group have negative net worth). Household income will increase though, so if he and his spouse are both on board with the millionaire thing, his net worth can grow faster.
11K? thats like a 33% gain in networth. Impressive. I havent seen a percentage gain like that since 2010. Gone have been those days.