Every year, at the end of the year, I calculate my (liquid) net worth, and review my spending for the year that is finishing up.
I have done this for over two decades, and have come to realize that I don’t do this (only) for the pleasure of seeing an ever-increasing number. Especially for 2022.
There are a few other valuable aspects of this exercise, which have benefited my finances greatly over the years.
I will review my annual spending in another post, but in this one, I will go over my net worth update, and offer some thoughts about why you too might benefit from such a practice.
Continue reading “Why I Update My Net Worth Every Year”