Net Worth January 2020

Time flies! Being the start of a new year, this is when we do our annual revaluation of our assets, which is always a nice little boost to the net worth. We also depreciate our car at the same time, but thankfully because we haven’t included our car’s value in our FI calculations in the first place, that doesn’t impact our net worth. I’ve previously covered the way we conservatively do bookkeeping on the paper value of our assets.

This month is also the month I start my new job, so that should have a nice positive impact on future net worth calculations. Especially once I’ve been paid out for over seven weeks of leave I accrued at my current job! It won’t all go investments, as we just had a builder in to insulate our south wall (that’s the one we have to worry about here in the Southern Hemisphere), which cost us a couple of grand. But thoroughly worthwhile to help keep our house warm and dry.

So without further ado, here’s where we stand for this month:

KiwiSaver – Mr R2A$21,629.22
KiwiSaver – Mrs R2A$13,237.71
House Equity$158,037.73
Eat My Lunch$500
Bonus Bonds$20

That’s an increase of $6,963.47 over last month, or 3.68%. Again, mostly due to a conservative annual change to the paper value of our house, which counts towards our FI number because we plan to sell it when we retire to the Philippines.

Thanks to the NZ property market, it’s been a very good year for our net worth. Looking back to our first net worth report in February 2019, we’ve basically gained $100,000 in 12 months! The flip side of that is that it means most of our eggs are in that basket. What I really hope to see 12 months from now is a change from almost 80% of our net worth being in our house to something more like 70%, and then continual improvement on that each year.

It was also a very good year for stock markets both in NZ and the US, but sadly we’re not yet heavily invested enough to really see the benefits of that. It might have added all of about $100 to our net worth in the past 12 months.

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