I try to start off a new year with our financial house in order, understanding how our financial situation has evolved, and measure our progress on a yearly level. I tend to be focused on smaller numbers (monthly, weekly spending reports, etc), all of which are critical to the larger financial picture. However, it's also really helpful to understand our financial picture on a larger basis once a year.
In exciting news, we broke the $1M mark for our retirement accounts in December! Because of M's age, he can now participate in the 401K catch up in 2017. We haven't yet decided if he will participate (we will both continue to max out the standard 401K amounts), as our cash flow situation remains unclear based on our housing/location.
As for our other assets, we continue to pay down our liabilities (three mortgages across two properties) & stash cash for an eventual decision on location. This, combined with very high salaries & a continued effort to minimize our expenses, has allowed us to double our net worth over the past three years.
Our net worth also benefited from a big rise in the stock market, and the continued real estate appreciation in Seattle.
What about you? Do you track your net worth? How has your financial picture changed, year over year?