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.