Net Worth Update – October 2022 (Down $100k)

Since the last net worth update in March 2022, we’re down substantially and well below $1MM.

We’ve taken significant losses in our retirement accounts despite continued contributions. This happens when the S&P500, for example, is down 22% YTD.

Unless this time is different, the market will eventually bounce back and our positions are building like a damped spring. Also, we’ve reduced primary residence debt by $8.8k in about 6 months and continue to fund an expensive lifestyle without additional debt.

Further, real estate prices below are figured at cost basis and likely below the fair market value.