Aussie Firebug

Financial Independence Retire Early

 

As the old saying goes…

Milhouse

Well nearly everything.

My properties have been going bananas lately and are the main reason for the big bump in my net worth this month.

 

Lets take a look

Prop3.NetWorth.July16

Prop2.NetWorth.July16

Prop1.NetWorth.July16

 

Two out of three have gone up in value and one has gone down ever so slightly.

I know gearing cuts both ways, but man oh man when your assets go up it almost feels like cheating. In the last two months my properties have gone up by more than $30K! How long would it take you to add $30K to your net worth? I have literally spent all no more than 3 hours in the last 2 months checking rent and on the phone with the agent etc to keep these assets running. And in turn they have generate over $30K towards my net worth.

This is how real money is made people!

Assets generating you wealth all day every day. Even when you sleep.

I like to think of every dollar in my net worth as little employees going out there earning me more money. It’s an addictive thought. The more you have the more you earn. The more you earn, the more little soldiers you can deploy to the field to bring you more of their wealth building brethren.

 

But as I’ve mention before…Gearing cuts both ways.

As easy as it was for me to gain $30K, it will equally as easy for me to lose $30K in a market slump or downturn.

But I will continue to enjoy this victory this month and prepare as much as I can for the eventual downturn that occurs in every market sooner or later.

 

 

NetWorth.June16

 

 

Networth

 

[wp_charts title=”linechart” type=”line” align=”alignleft” width = “100%” datasets=”-36000,-36000, -32000,-7000,20000,32000,45000,65000,83254,130000, 187910, 229010″ labels=”1-Jan-2011,1-Jul-2011,1-Jan-2012,1-Jul-2012,1-Jan-2013,1-Jul-2013,1-Jan-2014,1-Jul-2014,1-Jan-2015,1-Jul-2015,1-Jan-2016,1-Jul-2016″]

DateRolling NetWorth$ Change% ChangeNotes
 1-Jan-2011 -$36,000 $0 0.00%HECCS debt
 1-Jan-2012 -$32,000 $4,000 0.00%Started Full-time work late Nov
 1-Jan-2013 $20,000 $52,000 0.00%Built property and recieved FHOG ($21,000)
 1-Jan-2014 $45,000 $25,000 125.00%
 1-Jan-2015 $83,254 $38,254 85.01%Bought second IP
 17-Feb-2015 $110,215 $26,961 32.38%
 18-Feb-2015 $121,541 $11,326 10.28% IP’s re-valued
 4-Mar-2015 $123,715 $2,174 1.79%
 18-Mar-2015 $122,128 -$1,587 -1.28%Paid for holiday
 15-Apr-2015 $125,906 $3,778 3.09%Withdrew equity from property
 14-May-2015 $127,906 $2,001 1.59%
 18-Jun-2015 $131,904 $3,998 3.13%
 21-Jun-2015 $152,904 $21,000 15.92%IP’s re-valued
 12-Jul-2015 $159,904 $7,000 4.58%Paid 4K off HECS Debt
 23-Jul-2015 $161,904 $2,000 1.25%
 31-Aug-2015 $167,904 $6,000 3.71%
 31-Sep-2015 $170,110 $2,205 1.31% Car went out of Portfolio, Bought IP 3, Super went up and one IP went up
 31-Oct-2015 $171,376 $1,265 0.74% Big bills. Not much saved.
 30-Nov-2015 $173,263 $1,887 1.10%Super went down slightly
 31-Dec-2015 $186,910 $13,648 7.88%IP went up in value
12-Jan-2016 $187,910 $1,000 0.54% Some big bills
2-Feb-2016 $189,910 $2,000 1.06% Bills (again)
1-Mar-2016 $191,410 $1,500 0.79% Didn’t save very well
1-Apr-2016 $193,410 $2,000 1.04% Steady month
1-May-2016$182,410 -$11,000 -5.69% Two IP’s went down.
1-Jun-2016 $211,010 $28,600 15.68% All 3 IP’s went up and super was updated
1-Jul-2016 $229,010 $18,000 8.53%IP’s revalued with 2 out of three going up

 

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