I understand that many people do not use their Primary Residence as part of this calculation. However, my current residence does not factor into my retirement Master Plan and will be sold eventually. I would encourage anyone who isn’t tracking year over year growth to start doing this as early as possible because it is very difficult to track down old numbers.
The formula used for these calculations is Total Assets MINUS Total Liabilities.
HERE is a link to that very first Net Worth calculation in 2006.
2008 was a bad year for probably almost everybody. I divided up the next year into 2 categories, with and without the inheritance we gained when my in-laws passed away in 2008.
2012 saw a big jump in both Assets and Liabilities because of the purchase of the Family Cottage.
2013 was a BIG MILESTONE for me because I wanted to hit 2 commas before turning 40 and I made it just under the wire.