Monthly Net Worth Update – March 2017
This month has been an absolute ripper for me. I seriously couldn’t be happier with the results that I have gotten. There is always room for improvement but this is a real good step in the right direction to make my early retirement come true. I worked quite hard to make sure my income and savings were fantastic, I did mention to a lot of others that the month of March was going to be a massive month, and guess what? I DELIVERED!
Without further ado, here is my net worth for the end of March 2017. I’ll give a breakdown in the section below.
Figure 1: Total Net Worth March 2017.
My stocks made a minor bounce back which was nice to see. I also added to my stocks which you can see in my other posts. I am still hoping that RBO will increase in value to keep these figures rising.
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 as a requirement by the Australian Government. I will let this increase over time, I do change what my retirement is invested in, so I do have some control over it.
This depreciated as expected. This is a set amount from the Australian Government site that I used.
This increased by 11.46% 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 0.33% which is a good thing, we want a decrease in debts.
TOTAL NET WORTH
My net worth from February 28th 2017 to March 31st 2017 has increased by an impressive 25.71%. This is an increase of $6481.17 in the month to bring my total net worth up to $31693.78.
Another increase, how good! Lets keep this train churning, April is going to be a good month for me. I am hoping for roughly 10% increase.
How was your March?