Monday, January 16, 2017

January 2017: $316,369

The graph above is a calculation of years until financial independence. I found the formula on Wikipedia. 

{\displaystyle {\text{Years Until FI}}={\frac {{\frac {\text{Yearly Expenses}}{\text{Withdrawal Rate}}}-{\text{Net Worth}}}{{\text{Yearly Earnings After Tax}}\cdot {\text{Savings Rate}}}}}

Sunday, December 11, 2016

December 2016: $301,681

Passing $300,000 in net worth. Everything is pretty much on autopilot now.

Monday, November 21, 2016

November 2016: $290,532

Another quiet month. My investment net worth is still negative, but getting close to zero.

Sunday, October 9, 2016

September-October net worth update

Just a short update this time. My current net worth is $287,321. I made another large extra mortgage payment last month (about $35,000, mainly from my investment account). My plan is to become mortgage-free in less than 3 years from now.

Monday, August 15, 2016

August 2016: $259,640 (+$7,144)

Bank accounts$42,725
Investment account$76,794
Pension savings$14,735
Home mortgage$–109,647
Student loan$–47,082
Net worth$259,640
Burn rate0,6 years
Savings rate55,9 %
Millionaire month    July 2025

Good month in the stock market. My investment account is 80 percent stocks (index funds) and 20 percent bonds.
I update the value of my home monthly based on price statistics that are published the next month (i.e. the data from August is published in September). Therefore the monthly changes in net worth are not accurate. Maybe I will do something to "fix" that later, like just publish a fixed value of my home.
My goal is now to pay down the mortgage within the next 2-3 years and the student loan within 5 years and become totally debt free.

Thursday, July 14, 2016

July 2016: $265,655 (+$6,321)

Bank accounts$43,258
Investment account$70,831
Pension savings$14,328
Home mortgage$–110,195
Student loan$–47,261
Net worth$265,655
Burn rate0,8 years
Savings rate51,6 %
Millionaire month    July 2025

Sunday, June 12, 2016

June 2016: $260,897 (+$7,236)

Bank accounts$43,115
Investment account$66,164
Pension savings$14,113
Home mortgage$–110,702
Student loan$–47,443
Net worth$260,897
Burn rate0.8 years
Savings rate43.0 %
Millionaire month    September 2025

Friday, May 13, 2016

May 2016: $249,089 (+$4,533)

Bank accounts$40,706
Investment account$148,590
Pension savings$13,779
Home mortgage$–196,837
Student loan$–47,620
Net worth$249,089
Burn rate1,06 years
Savings rate50,3 %
Millionaire month    June 2025

Wednesday, April 13, 2016

April 2016: $239,056 (+$5,214)

Just a short update without the spesific numbers since I am travelling. Nothing special happened last month.

Friday, March 11, 2016

March 2016: $227,863 (+$12,135)

Bank accounts$37,326
Investment account$141,197
Pension savings$13,562
Home mortgage$–197,655
Student loan$–47,942
Net worth$227,863
Burn rate1,6 years
Savings rate49,8 %
Millionaire month    October 2025