1 January, 2017 seen 1,925I'm 31 now, I have a goal to save one million dollars by the time I will be 60. That's 29 years. That's $34,482.75 I should save each year, next 29 years in the row. That's a lot. I currently make less than $20,000 per year, by US standard I'm the one who falls into the category - working poor. However, unlike my colleges in US, I live overseas (see living…
On April 2nd, 2019, my net worth for the first time reached $25,000 Milestone.
It took me 2 years and 3 months since I originally started my million dollar journey, and I was 33 years old.
Here is what I told/forecasted back when first reached $10,000 net worth:
If things will continue to be so bright in the future, I could reach a total net worth of $25,000 by the end of 2018, being 33 years old.
Despite it was planned to get here some 3 months earlier, by the end of 2018, I still feel very great cracking this goal now. Better later, than never. (One thing I forecasted at least right - I'm still 33 years old)
Net worth $25,000
Now, since around June 2018, my total portfolio has entered into a negative zone (invested is more than actual value). While the total value of the portfolio has barely cracked now $25,000, I have invested more.
The total amount I have invested is $27,987.20, while the value is just $25,428.10. The difference = $2,559 or it's -9.91% drop since the inception of portfolio.
The good news, I'm + 7.95% YTD, while it was a -30.86% YTD in 2018.
A month after month I keep adding more money to my portfolio. In 2017 - 2019 I was investing in - peer to peer lending, mutual funds, stocks, crypto-currencies, and cash.
Portfolio structure reaching $25,000 Net Worth
Here is the breakdown by positions:
- Peer to peer lending: -2.16%
- Baltic stocks: -15.46%
- US stocks: +0.01%
- EU stocks: -1.67%
- Crypto investments: -27.09 %
Also, the portfolio has produced a dividend income of $2,593.14, giving a dividend yield of 10.19% (on value). That's a little bit more than 5% annual dividend yield.
See how I made a 6.30% dividend yield in 2018, and how I made 5.5% in 2017
I hope to reach a total net worth of $50,000 by the end of 2020, being 35 years old. And then I would be asked to double that in just a year.
Investment Goal #5 - $100,000 by the end of 2021 in Savings Account (Stocks, Cryptocurrencies, Peer to Peer Lending)
Additional money installments, dividend compound effect, and options trading are the planned tools to use to get there.
The Bottom Line
$25,000 is just a tiny 2.5% from my plan to reach a net worth value of 1 million dollars by 2045. There are just 26 years left and I should figure it our how to increase my net worth 40 times
As I'm a strong advocate of compound interest, I believe that in the long term I will get there. But in the meantime, I will keep exploring more ways to increase my yearly income.