| I've increased the value of one of my businesses (law practice). The conservative liquidation value of my share of the law practice is just under $3,000,000. My partner thinks it's $3,500,000. So I've given it a very conservative $2,500,000 value.
The value of my other business is unchanged at $550,000, and even though I could justify raising it, I'd prefer not to ... it's a minority interest and not highly marketable.
In fact, I have yet another business that I could value, which generates about $250,000 per year in income, but I've never given it a value since I doubt it's marketable (it's essentially my reputation that generates the revenue).
All in all, I think I'm being conservative as always.
Also, I corrected a mistake in the value of my real estate. Not sure how that happened, but it was essentially nothing.
Lastly, it appears that I will summit $10MM net worth this year, more than 1 year ahead of schedule. |