I see too many friends and coworkers freaking out about money. Getting your money mess together is empowering and tracking Net Worth is a fantastic place to start! Knowing there´s no forgotten, funky debt lurking in the depths of the cash cupboard is a good feeling. And if you do find a big mess it´s better to pull off the band aid quickly and face the music. Then you can make a plan to slay the debt.
Without further ado, here’s what we’ve been up to in January 2019:
Net Worth January 2019: €353,149
Cash
Investments
Our Index Funds are a mix of Vanguard and Amundi low cost funds. They’re only up this month because of the extra payments we made.
Our Dividend Stocks on the other hand took a punch in the market dip. But it’s fine. All part of the process. It´s fine. It´s fine.
Very excited to get started with Crowdfunding! We have a meager amount invested but one of our goals this year is to invest more. We’re using the Mintos platform and i’ll be raising this amount to €2,000 as soon as possible.
Real Estate
The big update here is the chunk of change we dropped into Rental Property No2. We’re focused on getting this mortgage paid off as soon as possible. This 2 bed apartment was a wreck when we bought it but we’re at the end of the refurbishment and want it rented out in the next few weeks.
So excited to get tennants in!
A little Before & After of the kitchen which we moved from the back of the apartment to the front…
I think it scrubs up pretty good!
Loans
And the most exciting news this month…..I´ve fully paid off my student loan!!!
We are now free of consumer debt!!!!
The initial plan was to pay this off by the end of the year but having decided to close down our Robo Advisor account and go it solo on our investment portfolio the amount of money we were moving was almost excatly the amount left on my Student Loan.
The logical, maths side of my brain knows that with such a low interest rate, it was 1,25% I could have done better keeping the money invested somewhere else. But…It feels crazy good to not have it any more.
I´ve spent a wierd amount of time staring at my new Net Worth Liabilities section. There´s only 3 items there now! 3! Admittedly those 3 items account for almost €300,000 of debt but “la, la, la, la” fingers-in-the-ears don´t care today because I PAID OFF MY STUDENT LOANS!!! The last €14,000 was paid off over the last 2 months. Boom!!
To see how we´ve done since the beginning of last year, check it out here.
Happy Monday peeps.
Fantastic that you paid off the student loan. It’s gone!! 😀
I still have some student debt that I expect paid off within 3-4 months.
Thankyou! Yes it feels amazing. And congratulations, you’re on the brink of being free from Student debt too, nice job!