August net-worth

I did some advertising in the past few days and I would like to say welcome our new viewers that are passionate about finances as well. I hope you have a great time reading from my stories and learn something from my good and bad experiences as well on the way.

I can’t stress enough how important it is to know something about money management. Think of having general purpose and knowing where you want to be, that’s control right there for me and it’s something that I like having.

At times, investing may look like taking extra risk and I don’t blame you, but think as something necessary for you in the long run. I don’t think that I have to stress about pensions that will go bankrupt in less than 40 years, that system doesn’t work anymore with the current return rates so it’s absolutely necessary that you figure out where to invest your own money.

Keeping your money in your bank account isn’t the solution either, the low interest rates aren’t going to provide you with anything so it’s a bad investment.

All that being said, here’s my net-worth distribution at the start of this month:

Net-worth increase

Let’s get back to the numbers, I had an amazing month growing my net-worth with 12.11% increase, I think it’s one of my best months so far from this year.

Why the big improvement?

I missed an opportunity to invest into a real estate property this month and that’s why I have a big percent of money just standing around, but that’s not a problem. There are plenty of opportunities available and instead of making a bad deal I better way for the right one.

Another factor is that I decreased my risk in the cryptocurrency market and I sold close to the peak of the market this month. It took me quite a while to realise that it was a good opportunity for me to sell so I went with it. I still have some extra funds in there but I’ll keep it just to ensure that I’m still “in the game” or that I don’t miss anything.

What’s my plan for this month?

I’ll be open to new opportunities and see where the market is heading, that’s all I can say for the next month 🙂

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