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Kathleen, December 2013 Net Worth

This article was written by in Naked With Cash. 6 comments.

In Naked With Cash, seven anonymous Consumerism Commentary readers publicly track and analyze their finances on a monthly basis. For almost a decade, I tracked my own finances on Consumerism Commentary; now I’m sharing the benefits of public accountability with the participants. I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series.

Kathleen is thirty-one years old, single, and living in Portland, Oregon. She loves her job, even if it isn’t very lucrative. Since her income was $33,000 last year, she’s looking to make more money from “side hustles” (like her blog, Frugal Portland) this year. To learn more about Kathleen, read her bio. Kathleen is on Team Sara, with Certified Financial Planner Sara Stanich.

Kathleen’s final report, below, includes Kathleen’s progress during December 2013. You can read her November report here. Following Kathleen’s own self-analysis, Sara Stanich will offer thoughts from her perspective.

Sara Stanich, CFP appears courtesy of Stanich Group and Cultivating Wealth.

Comments and analysis from Kathleen

2013 was a big year for me, both personal and money-wise. I bought a condo, I got out of debt, and I lost my mom. All big things.

At the end of the year (really, right before Christmas) my boyfriend moved in. He’s on board with my financial goals, and now they’re our financial goals. 2014 is going to be amazing, and yet, less eventful than 2013 (at least if I have anything to say about it!).

I have a laundry list of goals for 2014 if you’d like to have a look. I feel honored to have been a part of Naked With Cash, and I know my financial situation is way better because of the feedback I’ve received. I started blogging with the intent to keep publishing my income/earning/debt pay off charts because I was so motivated by them. Now they’re boring, which is a little sad, actually.

But not really. Having no debt other than a mortgage is one of the best things I’ve ever done, and I’m continuing to find that there is a lot to be said for having money. Peace of mind is hard to come by without a financial buffer.

So, friends, save money, get out of debt, and take charge of your finances! I look forward to seeing where everyone is taking their nekkid finances next year. Keep in touch with me on my blog, my newsletter, or on Facebook or Twitter!

Feedback from Sara Stanich, CFP

You’ve had a great year financially. I’m sorry it’s been a tough one personally.

I want to put this delicately as I certainly don’t want to offend anyone, but one of the things that surprised me about you from the beginning of this series was your income.

I thought to myself, “Here is this obviously smart and super-motivated person. She’s been in the workforce a bit and she’s not right out of school. Why isn’t she making more money?”

Money isn’t everything, and we all do things in our own time, but I think that getting your financial house in order this year may have cleared a lot of mental “space” for you to focus on your business in 2014. I read your goals for 2014 and you have so much opportunity. You are a true entrepreneur, and I suspect your income will really grow in 2014. I’m excited for you!

It was so nice to meet you in the “real” world this year, Kathleen. I’ll be following your blog in 2014 and I expect to see great things!

This communication is intended only for the person or entity to which it is addressed. Any taking of any action in reliance upon, this information by persons or entities other than the intended recipient is not recommended. Any information provided is for informational purposes only and does not constitute a recommendation. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Be sure to contact a qualified professional regarding your particular situation before making any investment or withdrawal decision. Raymond James and Sara Stanich, CFP, are not affiliated with and do not endorse, authorize or sponsor any third party websites, their respective sponsors, or user comments found on this or other sites.

Feedback from Luke Landes

You’ve experienced a lot of personal growth this year, not just in the numbers. Those numbers, though, are certainly looking good. You’ve had two years in a row of tripling your net worth. I’m sure it would be difficult to continue doing that year after year, but it’s fun to see the kind of oversize growth that’s possible once you start putting a concentrated effort into that particular aspect of your life.

Outside of the financial aspect, I know it’s been a year of ups and downs for you. You’re moving forward in a family of your own, and that’s certainly exciting.

I like your goals for 2014, and I have no doubt you will find the success you’re seeking. It’s been great having you participate in Naked With Cash this past year.

Updated June 22, 2016 and originally published January 23, 2014.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 6 comments… read them below or add one }

avatar 1 Anonymous

Aww. YOU GUYS. Thanks! And Sara, I’m already there. :) I really enjoyed this series! I’m sad that I won’t get updates from you anymore, but like I said, I’m not sad about having my financial house in order. Onward, upward! See you both again soon! If you’re in Portland, let me know! I make a great tour guide.

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avatar 2 Anonymous

Great work, Kathleen! I’ve enjoyed reading your updates. Here’s to 2014!

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avatar 3 Anonymous

Kathleen’s my hero of this series. Though I think it a little bizarre to get out of student debt and *immediately* get into mortgage debt, she’s increased her overall net worth substantially. She’s the one that pays off her credit card in full every month, right? (It doesn’t make any sense to have $8K in saving yet carry a CC balance.) I hate to sound negative, but many of the other contributors just seem to be just playing and goofing around with spreadsheet numbers without making substantial headway while being mollified and congratulated (in the same way you give kids who lose games a booby prize) by their critics. Those critics should actually be dolling out healthy doses of kicks in the bum.
Young people could learn a lot from Kathleen.* Super smart kid!

(*Though personally I don’t think they should graduate and immediately run out and buy property. Build some equity first.)

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avatar 4 Anonymous

Just to redeem my reputation ;) if our credit card line ever showed a balance, we did always pay it in full each month (and have for years). It just reflected the amount on the last day of the month.

I know several others in this series did the same thing.

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avatar 5 Anonymous

You’ve done a wonderful job this year and I’ve really enjoyed watching it happen. With the ups and downs you’ve faced it’s great to see you primed for continued success and moving forward with goals and sincere commitments. As the official “Old Guy” in the series I was disappointed to read about the boyfriend but the wife told me to get over it – and quickly – because we have a cruise next month. ;-)

Have a great 2014 and beyond!!!

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avatar 6 Anonymous

Anne, Edward, Steve, thanks! It’s been a really fun ride, and I’m happily taking it in other directions. I started a “save half” Facebook group, so if you want to join me over there, I’d be glad to have you!

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