Here is my monthly post of our personal net worth progress.

I’m sharing this to show how important it is to track your net worth and seeing the progress. You can also learn of what works and what you should change in your finances. So, here is my analysis for the month.

April past and we had 2 significant events happening.

The first was a payment of one of our loans. I spoke about it of previous posts saying this is about to happen. So, we negotiated with the bank and basically, we got the same terms for extending the loan which is great. They also required that we will pay 33% of that loan down. Fortunately, as you saw in the last few months, I also mentioned that our bank balance was steadily going up every month, so we used that balance to pay that 33 % of that loan.

The second event was that our London investment had an exit finally. It took longer than we thought and return wasn’t bad but not as good as we expected. I’m going to analyze that investment in a separate post. Anyway, we got the message just as the month ended, but the money is not yet in our account. So, it will be reflected in May’s report.

If you don’t know what the net worth definition is, check it here.

Let’s dive into the details of our personal net worth

OUR PERSONAL NET WORTH ANALYSIS

1. Real estate investment in UK worth stayed about the same while the US investment worth went up.

2. Israel stocks portfolio dropped while the US portfolio, although it dropped the fall, wasn’t that hard because currency exchange went up. At the end of the day my expenses currently are in Israeli shekels and therefore this is how I’m measuring the bottom line.

3. My insurance savings kept dropping 2nd month in a row. I put those savings before I really knew what I was doing and now I can’t touch that money until I officially retire. I hope to find a way to take it out of that account and manage that money myself. For now, I’m not happy paying those management fees which give worst results than what I’m gaining on my stocks portfolios.

4. Bitcoin is back up. Not as high as 2 months ago, but about 10% less. This can be a change in Bitcoin in a single day. So, it’s not that significant.

Here is what you should take from here:

Cash is king and I’m not telling you anything new I hope. We had the right amount paying for that loan. I wasn’t worried about it so much because I saw we are heading the right direction and be able to pay it easily. So, when you know a large expense is coming up get ready for it and don’t wait until the last minute.

BUT…

Too much cash is a waste. If it just sitting in your bank account and doesn’t work for you, find a good use of it. Invest it in something.

NOW OVER TO YOU

Do you track your personal net worth? What insights did you get recently?

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