This is my monthly report of our net worth progress for January 2019
I'm sharing this to show how important it is to track your net worth and seeing the progress. This is what I also expect and advise my clients.
From tracking this, you can learn what works and what you should change in your finances. If you'd like to also track your net worth the way I do, I created a version of it, especially for my readers. You can get it here.
Now on with the show!
Our net worth is up by another 1.77% this month, despite our large expenses. We bought our flight ticket to our Sri Lanka workation (see below). The flight though will be paid back monthly by renting out yurt on Airbnb. So, bottom line is savings rate this month is negative: -31.36 %.
A bit of Envestio news. So, Envestio released more project this month but with lower interest rates. They are saying that now that they have enough investors in their system, they can afford to have more businesses in, as before they couldn't afford the high-interest rates to pay. Envestio are really open about their plans and platform, and they have no problem if clients come to visit at the office and ask difficult questions. Jorgen did it once and just recently Jons Slemmer had another visit, asking some difficult questions. So, read that review too.
Anyway, If you do decide to join Envestio through my link, I'll get some bonus from them to invest more in my portfolio and you’ll get an extra 5 € bonus + 0.5% cash back for the next 270 days after you inves I'm also looking at buying a UK property very soon. It takes longer than I thought, unfortunately. The thing is I'm looking for a tenanted house, which can generate cashflow from day 1. But so far the two houses I was looking into were not tenanted.
The first was by a mistake in a tenanted properties list I got a while ago. For the 2nd, I actually started the due diligence process with a legal firm and they came up with things I should pay attention to. But this morning, an email came from the legal advisor saying that the tenant is about to leave. So, I'm now checking to see what the next step is, and consult my legal advisor.
We reached a nice milestone this month too (Drums please!). We broke even on the building of our yurt after a bit more than 2.5 years. This means that now every day that we stay in our place (and for now we don't have a reason to move), it's pure profit! That's almost 40% yearly return on investment!
This months' tracking improvements:
- I have a US portfolio with First Trade. I realised that I don't track the interest I'm getting on the cash in my account. So, this month it's in. Tiny amounts, but in!
- Do any of you have any net calculations with family or friends? I do. I didn't track those either. But this month I realised they should by in the net worth calculation, as an asset or debt. So, I added that in too for the first time.
LET'S DIVE INTO THE DETAILS OF OUR NET WORTH:
Loans: Nothing new on this front. My loans rates are probably the lowest I can get in the market. I sent another message to liquid expats to see if they are able to fund 2-4 houses worth 100 GPB instead of a single house worth the same amount which is their minimum offer.
US & Israeli Stock portfolio: Portfolio is back to going up. Almost up to the same point two months ago. But not as high as 6 months ago. I'll be lying, of course, if I'd say I'm not happy that the portfolio is going up. But just like when the markets are going down and I'm saying it doesn't matter as I'm in for the long term, same as it goes up. These are all tiny fluctuations. The measure should be on at least 5-7 years if not more (I'm in for 30+ years) and on that front, I'm doing great.
US Real Estate: The money from selling part of those houses portfolio is finally at the bank. It costs more than 70 USD just to deposit that check with all the processing involved. Outrageous! But there was nothing I could do about it. Any ideas for next time? Anyway, that amount as I said didn't change my net worth as the check amount was deducted from the net worth I was keep of this investment. It also doesn't count as an income. As this is return on investment. So, until the selling amount does not exceed the principal invested, it will keep to be counted this way. It did of course help with the cashflow. This money is going towards the UK real estate investment I'm working on.
Bitcoin: Bitcoin's value went a bit more down this month.My Hashflare Mining is not profitable anymore by the way. I wonder if they will ever resume. They are selling now other crypto contracts on their website, but not Bitcoin.
PERSONAL AND PROFESSIONAL LIFE:
Travel: It finally happened! (See why I'm so excited on the previous month report). More than a month late from the original date, we flew to Sri Lanka. We are here for a 3 months workation until mid-April. Here a bit of what we had so far:
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Strolling around #colombo this afternoon. We had to fix sandles, found some people feeding their pegions in their yard and finally had a decent look at the new #lotus building. We ended the afternoon in a few used books stores which was interesting, where we almost lost #giraffee Was a fun afternoon ! @yasodhara_pathanjali we went to a vegetarian restaurant asked for the foods you recommended. They said it's on their evening menu. So, we will have to try again 🙂
So far, we've spent time with another local homeschooling family. she is a local famous artist. Our girl had a great time with her 2 girls for a few days. We also spent time on an airbnb with a local family. It wasn't a hotel but their house. We came as guests, left as friends.
Interviews: Yesterday I had a live interview with Anastasia Button. She helps Millennials creating their future desired lifestyle. So, I was glad to give her audience some about the personal finances aspect of things. Invite you to watch it.
I also had a cool interview on the China Tech investor Podcast.
It was an interesting one, as the listeners are mainly focused on tech stocks in China. So, for me it was not about recommending any specific stock. It was about my investments philosophy and how it should be aligned with your lifestyle.
It's published on Technode.com, so you can check it out here.
Or listen directly:
Reading: I'm behind on my reading must. say. Last moth I said I'm reading Sri Lanka: the New Country by Padma Rao Sundarji on Kindle. It's super interesting especially that we are now in Sri Lanka. Just makes me want to visit all the places the author mentions. I learned a lot from it. Anyway, I'm still reading that but about to finish.
I also started another book related to Sri Lanka. Stories From The History Of Ceylon for Children. It's suppose to be for Children, but really we enjoy it. We learn through it about the history and myths of the country. it's for adults too, though the title. Anyway, I invite you to follow my Goodreads profile and read along with me. I'd love to share ideas.
Lifestyle: So, there are a few things I wanted to do once we get to Sri Lanka. I need to prfioritize them though. I don't have enough time for all. My list consist of, Kite surfing classes, learn Singhala and Yoga classes.
Yoga is last as it's also possible to do in Israel, Kitesurfing is also possible to learn in Israel but way more expensive. While, Singhala as first as I can learn it properly and most cost-effective only here in the world.
So, I hope to speak today with a Singhala teacher and have some scheduled classes. As for kite surfing, we are not in the right area for that now, so that will have to wait.
NOW OVER TO YOU
Do you track your net worth? What insights did you get this month? Add it in the comments.