Looks like we are going into Phase 3 Heightened Alert from Monday and the tightened Covid restrictions should hopefully start to loosen more gradually from there. It would be good for us to be able to start dining out, going into the office and meeting up with friends & colleagues outside again. Anyway, this is a short update on a change from monitoring my net worth to liquid assets instead. I no longer think it’s useful to track the monthly progress of our net worth just because it doesn’t capture the essential information of our wealth-building journey.

• Photo by Jill Burrow on com

It’s more important for me to understand how the different components of our liquid assets interact, their proportion relative to each other and their progress every month. Allows me to see the effectiveness of our investing strategy and whether changes need to be made. On my Google Sheet, I have changed the monthly net worth update tab to a monthly liquid assets update tab...