Saturday, November 12, 2011

November 2011: $13,033 (+$3,496)

Bank accounts$15,263
Mutual funds$44,887
Pension savings$3,739
Student loan$–50,856
Net worth$13,033
Burn rate1,18 years

Nothing special last month. I have now reached 18 months with increasing net worth in a row. According to my burn rate, I would have survived more than one year if I stopped working today and paid down all my debts. My major long term financial goal is to reach a burn rate of 20, which is my definition of financial independence. My current estimate says that I will reach this goal in the year 2022.