My current net worth is €269,935.44 (40.28% of my first goal – €670K).

net worth September 2017

Finally, a decent net worth increase… After so many months of sideways updates, I finally have a decent increase. However, this one is primarly due to rental property #4, which has finally been transfered into my name. I bought the property for €50,000, but I suspect I can sell it for at least €70,000 – I will do a complete post on this soon.

I have already started to cash out some dividends out of my real estate company, which will go exclusively towards the renovation of rental property #3. Therefore, they don’t show up here, as the renovation has already started and I moved the funds directly to the contractor’s account. I will update the value of rental property #3 in the next net worth update.

Despite I have a considerable net worth increase this month, I still think my net worth should be growing faster. In fact, this increase has exclusively to do with the acquisition of rental property #4, and I hope that I can sell it until the end of the year (the post will say exactly why). If I don’t sell it, this net worth increase will not mean a lot;

You can see that I am also having less and less cash. This will not put me in a comfortable situation if there is any significant market correction soon (both in the stock market and real estate). This is another reason why I want to resell RP#4, for a profit. I will definitely hold onto the cash then, unless I see another quick flip like what RP#4 seems to be.

It is too bad I am still anxious about getting financially independent, but pragmatically speaking, I am quite on track. I feel I should be enjoying life calmly, while testing small things here and there to accelerate my growth. I wouldn’t mind being this uncomfortable with my growth, if I was completely healthy because I actually happen to think that it could play to my favor. However, being dizzy, tired and weak, I wish I was more calm.

I am still struggling with permanent dizziness but I could post quite more often than in the last months. I also prepared some awesome posts for October and hopefully I will stay one month ahead so that there is no shortage of posts on the blog.

Rental income

RP#1 actually become my Primary Property (PP), as I said before, so it will show up as such in the next reports.

The rental income in September was, again, €1,055.  I said that I was going to cash in €1,270, but I forgot that one of the units in RP#2 doesn’t pay rent in August. In October, I will cash in €1,460, which will be the highest rental income I’ve ever received in a month. As I said, this should be very close to €2,000 in December or January next year, once the renovation or RP#3 is finished.

The renovation of RP#3 has already started, as I said above, and I’ve been using the dividends from my company to fund it. I will do a complete post on this renovation later this month (I will even include pictures ;)).

Online income

My online income for September was better than in the last months, because I posted more, which generated more sales. I will comment on this in the online income report/income diary.

My Real Estate business

My Real Estate business is growing steadily. I still expect to make about €25,000 net with my company until the end of the year. Next year, I will try to make about €100,000.

Goals for September

All goals for September were achieved!

  1. Calm the f* down, and enjoy life without thinking about Early Retirement and how to grow my net worth faster. Partially DONE. Still not as I would like to, but better than last months.
  2. Take 3 days off to write my second book, relax a lot, watch movies and TV series. Partially DONE. I could indeed write another chapter of my second book and did watch a movie. Need to improve this next month.
  3. Write at last 4 posts on the blog. DONE.
  4. Go to bed before 11pm every day. DONE. In the future, I will try to do it at 10.30. For now, let’s stick to 11pm for another month or so.
  5. Start the nofap protocol (for health reasons, not social phobia or anything like that). DONE. This is a really though protocol, but I can see the merits. I will go clean in October again.
  6. Make at least $200 online and write 1 guest post. DONE. I actually wrote 2 guest posts and made more than $200 online. 😉

Goals for October

  1. Continue to calm the f* down even more, and enjoy life without thinking about Early Retirement and how to grow my net worth faster.
  2. Take 3 days off to finish my second book, relax a lot, watch movies and TV series.
  3. Put the computer away on Sundays.
  4. Write 8 posts on the blog.
  5. Go to bed before 11pm every day.
  6. Continue the nofap protocol (for health reasons, not social phobia or anything like that).
  7. Make at least $200 online and write 5 (yes, FIVE) guest posts.
  8. Increase my page authority beyond 50.

Enjoy life guys!

Ben