Assets: $1,131,488
Real Estate - $853,000
Retirement accounts - $197,630
Brokerage - $63,946
Cash equivalence - $2,066
Other - $14,846
Liabilities: $424,415
Real Estate Mortgages - $424,415
Net Worth: $707,073
My net worth dropped this past month by less than half a percent. This disappoints me, but I know why it happened. The drop in the stock market was the main culprit and more specifically the financial sector, which a decent chunk of my assets happen to be in. The real estate net worth increased, but not enough to offset the declines in the brokerage accounts. I also had to pay taxes and two big credit card bills due to insurance and travel. Hopefully all of this will get reversed in the coming month and I'll see a nice increase.
As I've stated before I don't think that somebody should value a theoretical increase in their real estate value until it is actually sold. Instead they should be conservative and keep it on their net worth books at purchase price. This is unless they believe the price of that asset to have depreciated. Just like how real estate did over the previous 8 years.
RSS Feed