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…
An unimpressive month with the only gains being the exaggerated monthly gains of the real estate properties. This, as I have explained in the past, is an attempt to make up for the under appreciation of gains that I was including in the past. The value of my real estate holdings was increasing quicker than I was giving it credit for and this resulted in a large under valuing of my holdings. I was being conservative, but it turned out to be too conservative as real estate was booming for a while there. I am correcting it over time and with the slow down in real estate, I should reach closer to the true value this year.