The formula for the change in your net worth is essentially the following:
Change in value of investments + Net income for the month – Expenses
My investments have been gaining quite a bit of their value back in the last couple of weeks, to the tune that I might actually be able to hit my net worth goal of $100,000 this month! If my investments go back down again, this could change, but with my current investment accounts balance change from September 30th, my estimated expenses remaining for the month, and my regular net income, I will hit the goal!
To be honest, I’ve been kind of obsessing over this calculation all month and it’s starting to drive me a bit crazy. I’m starting to wonder whether setting net worth goals is really a good idea since achieving them is so dependent on how the markets are doing. Setting savings goals, on the other hand, is a good idea because it motivates me to actually save that amount each month and for the year.