It’s time again to satisfy your voyeuristic side :D
If you are new to the blog, I recommend reading the article that introduced this series about my net worth (including my lucky number, as well as the rules of the game).
September: tourism, extracurricular activities, and back-to-school time
CASH FLOW AND SAVINGS (+CHF 538.84): Still not the most frugal month… We had scheduled mini-vacations with the Monday of the “Federal Day of Thanksgiving, Repentance and Prayer”, but which (even if planned) increased expenses. Not to mention several medical bills for the children, all of whom arrived in September… And who says back-to-school says extracurricular activities and therefore pay for them. But apart from that, a pretty standard month. I am happy to get back on our daily routine, with more freshness, because I couldn’t take it anymore this summer!
It should also be noted that the blog brings in more and more passive income, but also costs quite a bit with German translation and hosting. I am currently considering setting up a limited liability company (or even a SA/AG?) in order to, first comply with the law, and second to potentially optimize tax aspects. If you work in the fiduciary domain, I’ll take any advice I can get!
STOCK MARKET INVESTMENTS (+CHF 618.92): We took advantage of a bull market and the dividends from our favourite ETF VT, which put us back into the positive.
COINBASE SPECULATION (-CHF 148.61): The crypto-currencies are still in free fall. But well, it was the purpose of the experiment to see what it would look like in the long term.
MP’S 2ND PILLAR (+CHF 602.85): Filling my second pillar as usual.
MRS.’ MP 2ND PILLAR (+CHF 200.34): Finally we are back in correct figures! September is transitional so we are not yet at the maximum amount that Ms. MP will receive from October on. I am looking forward to it :)
MP’S 3RD PILLAR (n/a): Nothing to report because I make my one-time payment at the beginning of the year, and my 3rd pillar cash value is also updated at the beginning of the year.
MRS’ MP 3RD PILLAR (+CHF 484.86): Mrs. MP’s 3rd pillar at VIAC has experienced a small decrease of less than CHF 100 in the shares in which we invest (as we pay CHF 564 each month). Moreover, the amount deductible from taxes in 2019 is CHF 6'826 so if you don’t want to forget to fill it in as much as possible, you can do as I do and put a calendar reminder in December to make an additional transfer ;)
APARTMENT AND MORTGAGE IN SWITZERLAND (n/a): Following the announcement by the WIR bank of a negative rate mortgage (thanks ilvalesco!), I had fun writing to my financial institution to find out how much it would cost in penalty fees to terminate our mortgage. Usually I would not have done so because we are talking about several tens of thousands of francs. But given the situation and the difference in rates, I still want to make sure that we don’t miss something :)
RENTAL BUILDING IN FRANCE (n/a): Same as for our apartment in Switzerland, no price speculation. We’ll wait until we want to resell it to get an evaluation.
MORTGAGE LOAN IN FRANCE (+CHF 718.96): The loan is still being well repaid thanks to a building that is 100% full of tenants in September. There have been some changes since then but I will explain all this to you in October :)
SCI (SOCIÉTÉ CIVILE IMMOBILIÈRE, REAL ESTATE INVESTMENT COMPANY IN ENGLISH) IN FRANCE (+CHF 1'574.26): It felt like Christmas :) We had the closure of our temporary account with the notary with the repayment of the balance of our account. It’s nice because it cost us less than we expected in expenses in the end! And on top of that, one of the tenants had a late rent that we received in September too.
In terms of financial independence, we are at 18% of our objective of CHF 2'156'000 with our net worth of CHF 383'117.22.
Savings rate for September
We remain at an unsatisfactory level (because below our minimum of 40%) with a savings rate of 33% for September 2019.
It could be worse, but it could be much better too!
And you, how much are your net worth and savings rate at the end of September 2019?
PS: if you are a patron of the blog, you should have received the screenshot revealing the amount of each of my assets via Patreon.