Declining North American home prices coupled with plunging stock markets mean that personal net worths are declining everywhere from Los Angeles to Halifax. This is a phenomenon that is not only occurring in North America, but in most of the world. Personal finance bloggers are no exception.
Here is how some of the usual suspects fared on their November 1 updates:
American, Clint from Accumulating Money saw his net worth decline by 9.9% since October 1.
Eastern Canadian, FT from Million Dollar Journey had his net worth decline by only 0.3% since last month due to some strength in his savings as well as stable real estate values. FT has had a strong performance in 2008, as he is sitting at a net worth increase of 13.3% year to date.
Western Canadian, Tim at Canadian Dream: Free at 45 saw his net worth decline by 3.6% since his last update in late August. He is still hanging on to a 1.9% increase year to date.
How bad will my November net worth damage be? I report my net worth on or around the 15th of the month, every other month. My next report is scheduled for around November 15. See the blog sidebar for all previous net worth updates, like my last one in September here.
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