Welcome at the One Million Journey net worth page. My main lifetime financial goal is to reach a one million Euros investment portfolio. The net worth includes cash that I have available to keep as an emergency fund or to invest in my portfolio, plus inherited real estate properties.
As you probably know, net worth is calculated as Assets minus Liabilities. In my case, I have no liabilities, so it turns easier for me: Assets = Net Worth
If interested, you can read and learn more about the basics of net worth and how it is calculated in this post.
- Last Update: 28/12/2019 (updated quarterly)
- Value: 443,865 €
434,880 €+2.1% since third quarter
- Investment portfolio / Goal Progress – HERE
Net Worth Balance Sheet History
Third Quarter 2019 – 434,880 € Read Net Worth Balance Sheet
Second Quarter 2019 – 410,460 € Read Net Worth Balance Sheet
First Quarter 2019 – 400,175 € Read Blog Post Update
Net Worth Current Balance Sheet
* Self-assessed, compared with similar-sized properties in the area
Net Worth Distribution
Real Estate makes up 67%
68% 71% of my total assets. I have no plans to own more, for now, but plan to buy a house to raise a family soon. The industrial warehouse is rented out to a printing house company an adds a little over 1000€/month of gross passive income. My mum enjoys most of it, so I don’t count it as a passive income but as an occasional income, though this may change soon.
My investment portfolio makes up 24%
23 21 % of my total assets. The 10% is invested in alternative investments assets like P2P/B lending and Real Estate Crowdfunding. Considering the risks, this is the limit I am happy to invest via crowdfunding platforms for now. However, I will keep diversifying among platforms and even include new ones. My investment portfolio provides me with a TTM average of 416 400 EUR/month of passive income.
Stocks make up 7.6%
7% 5.4% of my total assets. I increased my monthly pension contributions from a minimum of 5% to 15%. Government tax reliefs will increase accordingly so I expect the stake on stocks to take more prominence over time.
Corporate bonds make up 4.1%
4% of my total assets. No proportion changes compared to Q3. These are a mix of short-term and mid/long-term bonds from the USA. Yields are low, about 3.5%, but provide the
Treasury Bills, my safest investment, makes up 2% of my total assets, which is the same proportion as last quarter.
Cash makes up 8%
7.4% 6.7% of my total assets. Our settling status remains unclear, so I still prefer to have a good cushion as an emergency fund to cover unexpected expenses or to be used as a down payment for a house.
Others (car) make 1.4%
1.5% 1.6% of my total assets. None of my cars have suffered any damaged and work just fine. In 2019, I bought a *SUPER* Fordkari, which is not as attractive as a Ferrari but it does a good job of moving myself for a few bucks only. Just make sure you check it out! 😉
Liquid / Illiquid Assets Chart
- Liquid: 94,223 €
88,733 € 74,934 €
- Illiquid: 346,304 €
338,189 € 335,526 €