Monthly Net Worth Update – July 2017
July 2017! What can I say…. well I know this post is about 15 days too late but it was end of financial year for us here in Australia. I did my taxes myself, got a refund, spent that refund on a share of a syndication for a racing dog (uh oh!) and most importantly…. I BOUGHT A HOUSE!
Well technically my girlfriend and I bought one together. It is walking distance to work, which is fantastic as it saves me money on fuel and wear and tear on the car and also keeps me fit. It is only a 10 minute walk to work! Now that is worth good money! It is also about a 5 minute walk to the grocery store and other stores, just a fantastic location yet still quiet enough that I don’t hear the hustle and bustle of the town. Just as a note for all those interested, I live in a town with roughly 5500 people, so very small.
Net Worth Update – July 2017
Below you will see my Net Worth for the month of July 2017.
My Net Worth decreased by quite a bit in the last month. That is mainly due to the house deposit and the fees that are associated with the loan. Man, I didn’t realise how many fees there are in order to just buy a house…. Australia is expensive. Overall the house value is quite low but we plan to make improvements and get it revalued later in life to use some as equity to borrow later for another real estate purchase. Most of the net worth increase came from cash savings and additions in my Stock Portfolio. Taking a hit this month but I know the next month will be fantastic.
Total Forward Dividend Payments
My total forward dividend payments didn’t make a move this month as no purchases were made. Money was a little tight this month for obvious reasons and I hope to start investing again in the month of August/September.
How did your month of July go?