Networth = Total Assets – Total Liabilities
July has come to a completion. It is time for a financial health check up! The growth percentage is calculated using the difference between the networth figures on 30 June 2019 and 31 July 2019.
There is a high single digit growth mainly due to some Edusave money being credited into my CPF-OA.
EXPENSES
The bulk of my expenses still come from daily food and transport expenses. This is something that may form a significant amount in most working adults’ expenses. I also spent a couple hundred dollars to buy a bicycle. Hence, I did not quite save as much as compared to previous months.
I am thinking of ways to turn my bicycle into a “cash generating asset” or at least “earn back” the money spent.
There is still a nice cash inflow of 36.76% (30% is my ideal benchmark). Cashflow for this coming month would surely burst through the roof as my life insurance premium is due. This money has already been set aside since 1 year ago. So this cash outflow would not affect my life greatly.
INVESTING
Shiller PE Ratio for S&P 500 is now 30.67 higher than previous month’s ratio of 29.99. US S&P 500 Index just keep going higher and higher. It seems unstoppable at the moment.
I have been quite busy and did not have too much time to analyse any individual stocks. However, I did spent a bit of time looking through certain ETFs. There are a few that caught my eye. I may initiate a position in one of the ETFs soon which can be another post by itself.
Robo Investing is as chill as ever. Life goes on, dollar cost averaging goes on.
I automated quite a fair bit of my investment process. Hence, it is getting a bit boring. But boring is the way I designed it to be and I wanted it to continue being boring (as boring as watching paint dry). It is also very much about keeping disciplined and staying committed to my own investment philosophy.
FINAL THOUGHTS
Debt/Networth Ratio: 2.30%
Investment/Networth Ratio: 26.99%
Networth Month On Month Growth: +9.00%
My debt may increase slightly next month as I am thinking to get a new mobile phone using my credit card. It will a very tiny amount of debt.
The Investment/Networth Ratio growth isn’t quite keeping up. I hope to keep it above 30%. I need to think about what I can do to invest more.
Of course, the Networth Month On Month Growth will not be able to keep up at this rate. I am going for further studies soon and this growth will definitely slow down (may even turn negative too).
Do you track your networth? Let me know in the comments section below. Thanks for reading.
Disclaimer: www.engboonhow.com is an opinion based website. I am not a financial advisor, and the opinions on this site should not be considered as financial advice.