Monthly Finance Updates
2023 A Year in Review: Exceeding Expectations with a Significant Net Worth Increase.
Each year, on New Year’s Day, while I do the recap and review of the previous year I also track and write down my net worth number which from now on will be our (wife and I’s) collective net worth number. I started 6 years ago and love the progress so far! Why do I do this very FIRE-style thing activity each year? It’s a bloody simple and easy thing to do with a big impact. And the only way to see whether you’re working further towards your FIRE number or moving further away from it. What is the net worth number? Quite simply the total value of assets minus all…
The Impact of Tiny House Living on My Net Worth Growth Over 5 Years
Each year New Years’ day while I do the recap and review of the previous year I also track and write down my net worth number. I started 5 years ago and love the progress so far! Why do I do this very FIRE-style thing activity each year? It’s bloody simple and easy thing to do with a big impact. And the only way to see whether you’re working further towards your FIRE number or moving further away from it. What is the net worth number? Quite simply the total value of assets minus all debt. Networth = Assets – Debt. The fancy numbers : 1.1.2018 251.000 dkk 33.700€ 1.1.2019 …
Monthly Finance Update #40, 41 and 42
August, September, and October Update, 2022. 3-month – Overview Total income after tax: 68.000 dkk 9.123 € Total invested amount: 33.640 dkk 4500 € Total savings rate: 49,4 % Total invested in indexes: 384.546 dkk 51.593 € Income: My income has been quite low the last 3 months as the focus has been on the new large change of plans. My main focus now is to increase this substatially over the next few months. The goal is +50,000 monthly in 3-6 months. This tiny…
Monthly Finance Update #36, 37, 38, 39
April, May, June, July Update, 2022. 4-month – Overview Total Income after tax: 115.782 dkk 15.553 € Total Invested amount: 50.932 dkk 6.842 € Total Savings rate: 43,8 % Total invested in indexes: 347.294 dkk 46.659 € Investments: What was the change in the portfolio in the last 4-months? A decrease of -5,13% equalling a change of around 16.500 dkk, 2216€. Very volatile past few months dropping to quite a low in start July! Luckily slowing coming back to reasonable levels again. Ups and…
Monthly Finance Update #35
March Update, 2022. Overview Income after tax: 11.358 dkk 1527 € Invested amount: 7.662 dkk 1030 € Savings rate: 68 % Total invested in indexes: 330.294 dkk 44.408 € Investments: A pretty good change in the portfolio for March increasing 3,89% equalling a change of 12.400 dkk. Last month’s decrease is now a chunk smaller as the total amount in indexes has now increased again. Ups and downs every month. Part of the journey! Tiny House progress Updates on the tiny house build from start…
Monthly Finance Update #34
February Update, 2022. Overview Income after tax: 15.719 dkk 2113 € Income yearly dividend: 14.500 dkk 1949 € Invested amount: 14.500 dkk 1949 € Invested into savings: 9177 dkk 1233 € Savings rate: 78 % Total invested in indexes: 303.613 dkk 40822 € Investments: Another decline this month due to the crazy situation in Ukraine. A very unfortunate war that hopefully will be resolved peacefully. Getting very used…
Monthly Finance Update #33
January Update, 2021. January Income after tax: 9.451 dkk 1250 € Invested amount: 0 dkk 0 € Invested into savings: 5315 dkk 0 € Savings rate: 56 % January – Total invested in Indexes: 333.799 dkk 47.470 € Investments: Now that’s a decline when looking at only this month! Luckily 2021 gave a return of + 20%. January – Portfolio change since previous month -5,44% Very big drop in the stock market to start 2022 off. Maybe…
My net worth growth over the past 4 years
Each year New Years day while I do the recap and review of the previous year I also track and write down my net worth number. I started 4 years ago and love the progress so far! Why do this very FIRE style thing activity each year? It’s bloody simple and easy thing to do with a big impact. And the only way to see whether your working further towards your FIRE number or moving further away from it. What is the net worth number? Quite simply the total value of assets minus all debt. Networth = Assets – Debt. The fancy numbers : 1.1.2018 251.000 dkk 33.700€ 1.1.2019 …
Monthly Finance Update #30, 31, 32
All three updates in one: October, November, December Update, 2021. Hi everyone! It’s been a while again. Loads has happened since last time. Also major plans for 2022! (Which I, unfortunately, can’t share in details what are, here on the blog, as it has to be kept quiet until June, sorry! ) I got way behind doing the monthly reports as 75% of my income is coming from the business I’m running. Therefore having a little harder tracking my income as I only know later what my expenses for the company are yearly and how much I’m going to pay in taxes. A system is on the way! Also actually…
Monthly Finance Update # 29
September Update, 2021. September’s update. Here we go! Income after tax: 7260 dkk 975 € Invested amount: 0 dkk 0 € Savings rate: 41 % Total invested in Indexes: 370.657 dkk 49818 € Portfolio change since previous month -2,71 % What has happened in September? Investments:Finally, we’ve had the first drop in the market for quite a few months which was quite expected. This resulted in a drop of 12,000 kr this month, which is to be expected after about a +20%…
