Net Worth Update – April 2008 |
4 Comments |
It's the middle of the month, so it's a time to reflect on my net worth. I've been very happy to break even lately as I focus on making my businesses grow - while trying to slow down from the rat race.
April came as a very pleasant surprise - the stock market rebound had boosted my net worth $10,000 - to $218,825. This is despite the value of my Boston property reaching an all-time low. If that returns to the norm, it would add another $20,000 to my net worth.
Last month, I had mentioned taking a part time job - around 20 hours a week. I haven't been very good about my time sheets, so I'm leaving a little money on the table due to laziness. I am also doing contract work with another company which has been a little slow to cut checks. If I could get my act together and collect some of this money, I might see another $4,000 in net worth.
This post deals with:boston property, checks, contract work, market rebound, Net Worth, part time job, rat race, stock market, time sheets
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You mention that if the value of your Boston property returns to the norm, you’ll add another $20K (which is awesome). My question is, what is the norm?
I invented my own “norm” in this case. I did that by looking at the average price for the last year and figuring that it was a fair considering it being a ways off the highs of 2005.
It’s great that you keep track of your net worth. I recently started tracking it on my blog and it really helps keep things in perspective – you set a concrete goal of growing your net worth at least a little bit every quarter. By the way – how do you keep an updated track of your property value? The only solid way I’ve found is hiring an appraiser – but every month or quarter?? Thanks.
My property is a condo – one of 200 nearly identical units. This gives Zillow (and myself) a lot of data to make what I feel is an “accurate enough” estimation.