Hi everyone, it is time to publish my Net Worth December. In December I could increase my Net Worth by almost 2 300 EUR and is now at 52 958.06 EUR.
To avoid any misunderstandings, just a brief overlook what I am including in my Net Worth calculation. I will not include my assets as I haven’t had a real look at them so at the beginning it consists only of my liquid assets.
- Checking Account
- Saving Account
As you see no house or home as I am paying a monthly rent.
Net Worth December
- Value Portfolio: 39 389.73 EUR this is an increase of 3 960.71 EUR compared to November
- Cash: 13 874.71 EUR this is a decrease of 1 366.86 EUR compared to November
- Debt: 306.38 EUR this are is my credit card balance, coming from a business trip
All in all my Net Worth by the end of December was at 52 958.06 EUR.
Compared to November my Net Worth increased by 2 300 EUR. This mainly comes from an increase of my portfolio, with the investments in AB Inbev and Uniqa and of course the year end rally with a strong USD.
Split of Net Worth
Here you can see that around 26% of my Net Worth is compared to my investments is cash. This does not reflect my goal to have a minimum cash rate of 30%. So one of my goals is to increase my cash rate significantly in the upcoming months.
Development Net Worth 2016
So I reached my goal to cross the 50 000 EUR by the end of the year :). Later I will show you my 5 year goals concerning Net Worth and passive income. Just a short note in in 2022 my goal is, having a Net Worth of around 300 000 EUR and a passive income of 7 500 EUR. It still will be a long journey to get there…
How much passive income am I generating out of it?
Investment: 1 013.54 EUR
Checking and Saving Account: 41.62 EUR
So in total 1 054.96 EUR
This is not a lot but luckily I am only at the beginning of my investment life, so I am confident by the end of the next you will see higher number there :)?
Feedback always welcome…
How is your Net Worth development in December?