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 look forward to compiling the numbers each month, and doing so keeps me motivated, focused, and accountable.
At the end of each year I like to evaluate how I am tracking my finances and look for ways to simplify. With that in mind, I have made a few changes to how I will track some of my assets going forward. I will no longer be including the checking account, it tends to hover somewhere around $1,000 each month. I will be including my private equity with my trading account total. And, the money that is in my taxable account that has been earmarked for a down payment on the home we are building will be included in home equity. It will actually be converted to home equity within the next couple of months when we close.
With the stock market ripping up, it was a great year for our net worth. Up $155,456 from January.
Wow! Well done.
Your jump from January is incredible.
How liquid is your private equity investments to track month-over-month?
Again, fantastic job on all line items.
Thanks Church. The private equity is not a liquid investment and the number would theoretically stay the same until there is a new valuation or we sale our equity. I have reduced the equity value for our own personal records because I know that if a new valuation were to take place today, it would not be what it was when we invested.
Clint, thanks for sharing. I ask because I have a private equity mezz debt that I am not including in my net worth only because I have written it off. Got a letter in Q4 of 2017 that they will be making a 50% distribution to the partners, but will believe it when I see it.
Thanks again for the insight, I like to see alternative investments on Net Worth statements.