Hi everyone, it is time to publish my Net Worth October. In October I could increase my Net Worth by almost 1 400 EUR and is now at 46 156.76 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 October vs. September
Compared to August my Net Worth increased by 1 375.98 EUR. This mainly comes from an increase of my portfolio, with the investment in ORI.
All in all my Net Worth by the end of August was at 46 156.76 EUR.
Split of Net Worth
Here you can see that around 37% of my Net Worth is compared to my investments is cash. This also reflects my goal to have a minimum cash rate of 30%.
Development Net Worth 2016
In the past three month the development of my net worth slowed down a little this mainly comes from a decrease of my portfolio value and also from going on vacation which lead to spending more money than actually saving more. But I am still confident to reach my goal of 50 000 EUR by the end of the year.
How much passive income am I generating out of it?
Investment: 797 EUR
Checking and Saving Account: 51.93 EUR
So in total 848.93 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 October?