If you’re interested, this page will provide my net worth progression since I started calculating it back in March 2018. I started to read up about personal finances in 2017, but I didn’t start calculating everything from the get-go. It would have been interesting to see the progression, because I estimate that my net worth was around – $50,000 in early 2017! That’s an easy estimation, considering I had basically zero asset and close to $50,000 in debt (new car and student loans). It just goes to show that once we put our minds to it, we can accomplish anything. 🙂
Progression
Here’s some visual support to see the progression over time:
And now, here are the details by month and year, including variation.
2018
Month Net Worth Difference
March - $25,181 NA
April - $20,017 + $5,164
May - $19,265 + $752
June - $18,292 + $973
July - $15,639 + $2,653
August - $14,110 + $1,529
September - $13,318 + $792
October - $12,520 + $798
November $30,219 + $42,739
December $30,271 + $52
Total: + $55,452
No, I didn’t receive an inheritance in November 2018. What happened is that I left a job that offered a defined benefit pension plan, to which I had contributed for four years. When I left, I was asked if I would rather leave the money there, to be paid a defined benefit at the “normal” age of retirement, or if I preferred to take out the money and invest it myself. Guess what I picked? 😉
2019
Month Net Worth Difference
January $34,119 + $3,850
February $35,629 + $1,509
March $45,995 + $10,366
April $48,147 + $2,152
May $46,608 - $1,540
June $47,431 + $823
July $47,474 + $43
August $54,042 + $6,568
September $49,358 - $4,684
October $51,171 + $1,813
November $53,184 + $2,013
December $55,444 + $2,260
Total: + $25,175
In 2019, there has been a good increase, despite an average savings rate of 27%. I’m aiming for a lot more now. 🙂
You may have noticed two months with a negative variation. This was not even due to the stock market bumps. In fact, I had lent money to someone at the time, who then paid it back over several months.
2020
Month Net Worth Difference
January $58,798 + $3,354
February $61,111 + $2,313
March $66,795 + $5,684
April $76,419 + $9,624
May $80,802 + $4,383
June $84,824 + $4,022
July $90,635 + $5,811
August $97,378 + $6,743
September $97,795 + $417
October $98,416 + $622
November $110,113 + $11,697
December $117,805 + $7,692
Total: + $62,361
What a crazy year 2020 has been! A staggering 50% average savings rate and crazy returns from the stock markets brought my net worth to a whole new level. I more than doubled what I had at the end of 2019. I am so grateful for such great results!
2021
Month Net Worth Difference
January $121,118 + $3,313
February $126,086 + $4,968
March $135,518 + $9,432
April $138,137 + $2,619
May $140,463 + $2,326
June $150,437 + $9,974
July $156,320 + $5,883
August $166,518 + $10,198
September $158,233 - $8,285
October $169,669 + $11,436
November $174,587 + $4,918
December $180,135 + $5,548
Total: + $62,330
The historical returns have continued into 2021, which shows the snowball effect on my net worth! That’s not to mention a smashing 55% savings rate! The addition of cryptocurrencies to my portfolio has certainly added a hint of volatility, but nothing I can’t tolerate 😉
2022
Month Net Worth Difference
January $181,734 + $1,599
February $178,689 - $3,045
March $191,352 + $12,663
April $182,113 - $9,239
Total: + $1,978
Stay tuned! 🙂
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