Monthly Net Worth Update – January 2017
Well its been a good month for me so far. Luckily for me here in Australia we are a little ahead in time compared to you folk from the USA. That being said, I hope I can be one of the first to get my net worth out. Overall, I have had a great month of savings and investing, I’m hoping this can stay fluid over the next year or so to boost my overall net worth, month on month.
Without further ado, here is my net worth for the end of January 2017. I’ll give a breakdown in the section below.
Figure 1: Total Net Worth January 2017.
Unfortunately, my stocks didn’t do too well, especially one, RBO. This lost 25% of it’s value, which isn’t much when you realise the stock is trading at just 13.5c when I purchased and is now roughly around the 10c mark. I am still bullish on this so no need to panic sell for me. Like I have stated before, I am not planning to sell anytime soon, I am a Buy and Hold Long kinda guy!
New Stock Purchase:
I made a post about this, I bought $1304.10 worth of an Australian REIT called Arena REIT. Check out the post if you would like to see more on it.
Not much to say, was able to stash some cash away towards a deposit for my first home. This will be used at some point in the near future year or two.
This also increased due to my employer contributions. I am not currently adding to this. My employer adds an extra 9.5% on top of my wage into this account.
This depreciated as expected. This is a set amount from the Australian Government site that I used.
This increased by 5.25% overall.
No added personal debts.
This was paid off in December as a last payment. Doesn’t that feel good?!
Our student loans are paid differently here in Australia. A little bit each pay (2 weeks) gets taken out of my wage and goes towards paying off student debt. I do not see this money leaving my account as it is taken via our tax system. This works well for me. This is slowly getting paid down but will take some time.
Decrease of debts by 1.84% which is a good thing, we want a decrease in debts.
TOTAL NET WORTH
My net worth from December 31st 2016 to January 31st 2017 has increased by a whopping 16.61%. This is an increase of $3241.41 in the month to bring my total net worth up to $22,753.78.
Another increase, how good! Lets keep this train churning. Very happy with this, how is your January shaping up?