Wednesday, December 11, 2013

December 2013: $129,979 (+$8,668)

Bank accounts$70,528
Investment account$98,171
Pension savings$9,444
Student loan$–48,164
Net worth$129,979
Burn rate6,2 years
Savings rate65,2 %
Millionaire month   April 2025

Large increase in net worth mostly because I worked a lot extra in November. The last 12-16 months have been extraordinary, with relatively high income, low expenses and more than 20 percent annual return from my index funds. I surely don't expect the same rate of increase in net worth the next 1-3 years, but an increase of between $2,000 and $5,000 per month is realistic. 


  1. Hi,
    How do you calculate your savings rate? The amount of cash after net income that is put into savings? Its impressive to have such a high savings rate.

    1. Hi and thank you very much! Yes, it's the percentage of my net income that I put into savings (including the principal-part of my student loan). In other words I save about 65 out of every 100 dollars I earn. The number that I post in this blog the savings rate for the previous 12 months.

      Put in more mathematical terms:
      Savings = Net income - Expenses
      Savings rate = Savings / Net income