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…
Well, it’s only fitting to finish a bad year with a bad final month. The entire year was barely positive for our net worth, which feels a bit disappointing after a 2021 where our net worth increased almost $400k, but it was also reasonably expected. 2021 had a lot going for it, and 2022 had a lot going against it.
High interest rates have made holding debt worse and investing in real estate harder. I’m glad we own what we own, but doubt I’ll be adding to our holdings anytime soon.
My trading account hasn’t done well all year. I own a bunch of fairly risky growth stocks that all took a beating this year and left me without trading capital to do much. Since we are closer to the bottom then the top, I expect better things in 2023.
As I said in a previous update, this will all hopefully set us up for a strong 2023, as I write this, crypto and stocks have rallied a bit from their lows and are showing signs of life. But, there are still fears of a recession, and things could stay bad for a while. I’m sticking with the plan and hoping for the best. Happy New Year everyone!