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…
Every January I take some time to analyze how I am tracking my net worth and this usually results in a couple of changes. This year was no different.
Long term followers may notice that I have just gone ahead and combined my retirement accounts into one row. This is done simply for simplicity’s sake.
My retirement accounts consist of a combination of Roth IRAs, Traditional IRAs and a 401k across a few different brokerages. They all serve the same purpose of funding retirement even if their tax treatment is a little different, and so I am grouping them together, at least for the purposes of this report.
The $59k increase was not all growth, as there were a couple of small IRA accounts that had not been included previously which will now be included going forward.
Minor calibrations to the equity in my rental properties (I now have 3 properties) and my home, but still keeping the numbers on the conservative side.
The trading account remains a shell of its former self, but it’s fun trying to build it back up.
I’ve got high hopes for a very profitable year, but also some big expenses coming shortly. Good luck to everyone in 2021.