The down side to such crazy growth…
We´re both pretty burned out.
We´ve been working towards our regular yearly Abril bonus but my husband has also been on trial for an additional bonus scheme that he won once before and it massively propelled us forward.
Net Worth March 2020: €531,190
How much you say?
Yep! almost 50 grand!
GONE!
Cash
Investments
We invested €4,000 this month into Index Funds. They are all Vanguard and Amundi Funds.
After 3 years of reading about F.I and listening to a billion trazillion podcasts we feel totally prepared to take full advantage of the stock market down turn and while it is a bit scary to see so much hard earned money disappear over night I know a paper loss is just that, it´s not real until we sell and we ain´t selling!
We´ve just transfered another €10,000 into our brokerage account which will be reflected in the next months numbers.
Real Estate
Not much happening here, the last few months we have just paid the minimum payment each month and let them tick along with the two investment properties earning extra cash that gets saved into an account for each property incase the roof falls in.
What is exciting is that now our cash + our investment portfolio if we sold it (which we won´t) would pay off all our mortgage debt. It´s really reassuring to know we could have no debt tomorrow if we chose to.
How did this happen?
Looking at where we started with out first Net Worth calculation in January 2017 i´m amazed at how far we´ve come without changing where we live or where we work. Just by learning the most basic skills of saving and investing we´ve increased our Net Worth by excatly €300,000 in a little over 3 years.
Looking at this bigger picture this months loss doesn´t look so scary.
These are strange times and whatever situation you´re in whether it´s in quarantine, trying to telework with kids, working on the front line or maybe you´ve been laid off, these are hard times and my heart goes out to all of you!!!