(bloggen var indtil midt juli 2017 på engelsk)
Updated my net worth this evening. It is the 4th update this year.
I have a number of savings and revenue streams, which go up and down independently. Therefore I try not to look at this number every month. Only the things I can take action on.
For example I only look at stocks 1-2 times a month. I focus on dividend stocks and have selected companies I hope to keep for 10 years. Therefore not really any point in looking at day to day developments.
Total net worth is EUR 260.522.
The goal is EUR 525.000, so I am very close at the half way mark!!!
In May my reported net worth was EUR 227.349, so an increase of 15% in just 4 months.
|Maj 2013||Februar 2016||Maj 2016||August 2016||September 2016|
|Total||160.000 kr||1.612.492 kr||1.719.750 kr||1.867.717 kr||1.973.015 kr|
|Pension||20.000 kr||151.531 kr||160.194 kr||187.964 kr||208.744 kr|
|Friværdi i privat bolig||0 kr||667.238 kr||667.238 kr||773.730 kr||786.730 kr|
|Freelance / konsulent||0 kr||0 kr||0 kr||26.240 kr||39.765 kr|
|Ejendomsportefølje 1||200.000 kr||846.500 kr||902.549 kr||879.300 kr||884.204 kr|
|Ejendomsportefølje 2||0 kr||35.000 kr||57.500 kr||57.500 kr||101.159 kr|
|Privat||-60.000 kr||-87.777 kr||-67.731||-57.017 kr||-47.586 kr|
- Pension: Stocks have been good the last month also I have topped up pension to max out the total allowed per year.
- House equity: I have not adjusted the value of the house but have paid of some debt and overestimated the tax bill;)
- Consultant company: there are no expenses in this company, so all revenue is accumulated. Money will be used help pay of debt on apartment this December.
- Real estate company 1: this company owns the first two apartments I purchased. I have actually lowered the value of one of the apartments. I like to be conservative. The monthly surplus is sent to p2p lending accounts, where I currently receive 12% interests.
- Real estate company 2: we made a really good buy this month. This apartment was way under marked, so this had helped. Also apartments give a monthly cashflow, which is added to the value.
- Private account: at its best for many years! The sports betting project has help here also I am saving a lot of money after I sold the car. Howevery my private account probably won’t go any lower because it is mainly contains my student loan. This load is practially free, so that is the last debt I will ever pay back;)
All in all I am happy to see the possitive effect of multible income streams. I have to find some addition streams to reach my target before I am 40. If all assets just cash flow as they should (no help from Mr Marked) I will be approximately EUR 100.000 short of my goal. Since you cannot count on Mr Marked I will have to find that extra earnings from somewhere else.