August 2016 – net worth and expenses

This month looks like an impressive jump (+8 %), but over 21k of the gains is from terminating a pension contract. I will be terminating another one at the end of the year and two more next year. All of these will lead to around 600 Euros less in expenses! We do not need this money with 65, we need it now. The less we spent, the more we can save and the earlier we can reach financial independence.

  • brokerage accounts 280.6k (+0.9k)
  • ETFs 8.7k (+0.8k)
  • cash 59.7k (+34.9k)
  • alternative investments 19.9k (-11.0k)
  • taxes -27.3k
  • total 341.6k (+25.3k) [+8.0%]

My goal for the end of the year is 360k. This means I need to make around 4k each month with our investments. This is possible, but the market has to cooperate. 😀

Monthly Expenses

  • January 2.8k
  • February 2.6k
  • March 3.4k
  • April 3.7k
  • May 3.3k
  • June 3.2k
  • July 2.9k
  • August 2.6k

August was a quiet month – I like it like that. We bought some stuff, so even below 2.5k would have been possible. We have a vacation coming for September (and a lot of driving), so I’m afraid we might be over 3k again.

Camper Van Saving Account

  • July 2.2k (monthly savings 37 Euros)
  • August 2.6k (monthly savings 165 Euros)

Like I hoped last month, this month our no-longer-expenses have 3 digits (almost 165 Euros). The next big jumps will come in 2017.