Every month I post my updated net worth for those that are interested in following my progress. I have been tracking my net worth online since January 2006. I enjoy compiling the numbers each month, and doing so keeps me motivated, focused, and accountable.
This month’s numbers…
The first thing you might notice are those big real estate gains. I mentioned last month that due to the insane growth in the real estate market, the way I was increasing my equity value was not keeping up with the true value and that I would be increasing the numbers this month. Well, there it is. And, the reality is that is still not the full value, but I will be adding in the rest evenly over the months of the year. I love stock and option trading, but clearly our real estate investing has done better for us especially considering the beat down I took in the beginning of the coronavirus market crash.
The next thing you might notice is the latest pounding the stock market has handed me. By the way, I had already entered my real estate values before looking up my investment accounts, so it’s just a fortunate coincidence that they kind of cancel each other out. Anyway, I’m sure many of you felt those same losses as it was just a result of overall market drops due to reasons. It sucks to see the retirement accounts below $1 million again, but I’m still buying in, so I can appreciate the lower prices, even if it would be more fun if the number only went up.
Additionally, as it’s the start of a new year I have decided to go ahead and bump my goal up to $5 million. It seems like a big goal but I’ve got some time and that’s how $1 million felt, so I might as well just go for it. And hey, maybe I’ll get lucky and make some decent trades this year…