Networth

NetWorth

How our Networth looks like! Are we closer to FI? Our current goal is 480 000 €.

As of September 2019 our Networth value is 386 443.13

Assets:

Investment accounts

  • ETFs Portfolio: 22 725.41 €
  • Retirement Accounts (aka PPR): 13 501.95 €
  • Certificates Deposit + Emergency Fund: 38 699.90 €
  • P2P Portfolio: 10 385.47 €
  • Total Investment accounts: 85 312.73€

Real Estate (Based on Market Values)

  • Primary Residency: 300 000 €
  • Rental property: 254 378.75 € (i got an offer for 305k which means 285k will be for us)
  • Farms: 70 000 €
  • Total Real Estate: 655 000€

Cars

  • Mr.Firecracker Car: 20 000 €
  • Mrs.Firecracker Car: 18 000 €
  • Scooter: 1 500 €
  • Total Cars: 39 500€

Total Assets: 749 191.48 €

Liabilities:

  • Primary Residency: 194 296.35 €
  • Rental property + Farm: 168 452.00 € (Both are comprised on the same loan)

Total Liabilities: 362 748.35 €

Our Networth drilldown looks like this:

Firecrackers Networth

A few disclaimers:

  • We will need at somepoint to exclude a primary residency for the achievable goal. We want that our primary residency will be the farm which currently has 2 houses but those need some repairs ~10k.
  • I will be selling the rental apartment soon. The value was marketed too high at 325k and i’ve now lowered it to 315k. I believe i will be able to sell if for 310k 305k which means 290k 285k net (less realtor comission). The purpose is to take advantage of the high market in Lisbon city center and sell high.
  • We currently need to have 2 cars 🙁
  • We will be shifting more towards our ETF portfolio from now on. This is where we want to have a big stake.
  • We have a high exposure to Real Estate.

Monthly Financial Statements

08/2019 – Networth update / Monthly update

09/2019 – Networth update / Monthly update