Hi everyone, it is time to publish my Net Worth January. In January my Net Worth dropped by almost 300 EUR and is now at 52 618.75 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 January
- Value Portfolio: 42 892.19 EUR this is an increase of 3 502.46 EUR compared to December
- Cash: 9 726.56 EUR this is a decrease of 4 108.15 EUR compared to December
- Debt: currently no debt 🙂
All in all my Net Worth by the end of January was at 52 618.75 EUR.
As you can see in January I did a lot of investments and also my portfolio performance was not best. Also my cash rate went down to 18.5%, which is for me a little bit too low. So in the next month I will concentrate to get this up to at 25%. Besides all the investments the month January is one of the months with the highest expensive in the year, which is another reason for the decline. Nevertheless I am still confident to reach my goal of 80 000 EUR by the end of the year.
Split of Net Worth
Here you can see that around 18.5% 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
As you can see there is a little drop compared to the last month but when I compare where I have one year ago it looks much better.
How much passive income am I generating out of it?
Investment: 1 115.97 EUR
Checking and Saving Account: 24.32 EUR
So in total 1 140.27 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 January?