Each month I like to track my net worth as a general guide as to whether my journey to FI is going well or not, therefore I can make changes accordingly.
Net worth November 2018 = €21,904.
Net worth December 2018 = €25,646
That means an increase of €3,742
I am well above my projected savings which is great!
The increase comes from:
€872 extra into my PRSA (Personal Retirement Savings Account)
€670 gains on investments
The €872 increase is including the last 2 months contributions to the PRSA as I only just received the balance. I put in extra to the investment account this month as I actually moved house and got a deposit back. Money I completely forgot was actually tied up! So as soon as it arrived, went straight back out into the brokerage account
I expect to be paid overtime in the next 2 months as well as I have submitted times sheets for the last 4 months and it looks like I should get a decent amount. If course, this is all extra income that I did not plan for so it is being added to the investments as soon as it arrived.
We all know that the market has been quite volatile since October of this year but amazingly the US and China agreed to a ceasefire yesterday and the markets closed nearly 2% higher for the day. Let’s hope the increase continues so we can enjoy ongoing gains in the market.
I am Steve, the author and owner of Fire-ish, where I try to share my story and help people towards Financial Independence with small tips and tricks that add up. Follow me on Twitter at @fire_ish and on Pinterest. I am trying to grow my readership so if you enjoyed this post, please share it!