On my last post i’ve started to analyse our 2020 goals and how did they went. I’ve started with the savings rate goal of 30% that we had and that we have hit the 31% mark.
Back in February i did a post mentioning our 2020 goals and they could sum up to the following:
Financial
- Savings rate at 30% – done (31%)
- Increase networth in 10% – done (15%)
- Starting a company and having revenue of at least 10k – 0€ in 2019, company not started
- Find a new property to invest (Optional) – done
Non-Financial
- Remodel the farm houses – we just had a small budget for some minor renovations in order for the main house to be usable. – not done
- Maintenance primary house – not done
Focusing on networth + new property:
We have ended 2019 with a networth of 396 667,95 €. Even with solid 2 digit growths without any significant change i did some calculations:
- Cash: Assuming a saving of 1.4k monthly which would mean ~30% savings rate. In line with our prior post and estimation.
- Portfolio: 5% increase
- P2P: 10% increase
- PPR: 35% increase – due to mostly contributions i do every month plus my employeer matching.
So, back in February when i did the post what i considered was a 22k increase which would mean circa +5% and the following:
![](https://firecrackers.eu/wp-content/uploads/2021/01/image-10-1024x50.png)
Since that seemed like a low number i decided to put our objective in 10%, or +39k with a total of 435k to challenge us to find creative ways to increase our networth just more than our monthly savings.
Than we had covid and our Portfolio took a hit of almost -7% in February and -5% in March.
![](https://firecrackers.eu/wp-content/uploads/2021/01/image-12.png)
This meant a stable and slightly decreased networth up to March. Since March, well…everything started to improve.
![](https://firecrackers.eu/wp-content/uploads/2021/01/image-13.png)
Our investment in the portfolio paid off and not only this we recover what we have lost but we managed to get a ROI of 7,5% and IRR of 6,5% (discounting the 5k invested in March) from our ending value of 2019.
Networth moments of the year:
![](https://firecrackers.eu/wp-content/uploads/2021/01/image-14-1024x201.png)
What a ride!
Starting in April, adding to almost 600 € less expenses in that month we managed to save ~2k and our portfolio started going up resulting in 5k networth gain that month.
In June we got our 13th month payment (vacation) together with our tax refund and a portfolio +1k bump.
In September (winner) we managed to find a rental building for 355k – below market value of which the bank valued it at 414,5k. Excluding the aquisition costs ~19k we ended up increasing out networth by 37k. You can see more details here.
October we had some extraordinary expenses – arquitects and gardner to clean the new aquired property.
In November we got our 14th month payment (Christmas) of which we managed to save a huge chunk of it together with a portfolio +1k bump.
To end nicely in December i’ve gotten my anual company bonus which gave us another 2.6k bump.
Conclusions
Our networth managed to increase by 15%, bigger than the 10% projected for 2020 and it keeps growing! I wonder if for 2021 we will be able to go double digits again.
![](https://firecrackers.eu/wp-content/uploads/2021/01/image-8.png)
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