We updated our net worth this month. It looks like we’ve passed the one million threshold. This is terrific news. My wife and I have been seriously working at building our finances for over a decade, so its nice to see some payoff.
In terms of the major takeaways here – most of our gains have come from investing in real estate and maxing out our contributions to our 401k programs. The million figure isn’t necessarily all that firm This is because a lot of the assets on our balance sheet might have additional costs if we were to sell them. For example we’d likely have to pay 5 or 6% commissions to unload our real estate, but the nominal values are mostly right.