Saturday, 1 October 2011

Net Worth Q3 2011

There is not a lot to talk about this quarter in terms of Net Worth. I kept doing what I did last quarter - saving and spending sensibly. As a large number of my savings contributions for the month (all minus one) are automatically deducted from my bank account on the day I get paid, there isn't much chance of me dropping the ball and messing up. I just have to remember to check what the leftover figure is and limit my monthly spending to that amount. It works for me because I can be lazy a lot of all the time.

Like everyone else, my shares are doing poorly and all this talk about an impending and inevitable market crash can really get your spirits down. So, I lost money even though I continued to put money away in line with my savings plans.



So, after I checked my figures and updated my spreadsheets with accurate figures for Q3, I updated my goal meters on the right.

Great news!

Even though the markets have lost their minds, I am within less than 5% of my goal. Naturally that made me happy but it also made me a little nervous. I know myself and I know how I get when things are within my grasp - I take my foot off the pedal and start making some ridiculous decisions.

With that in mind, I have adjusted my investment goals. I am hoping to hit £50,000.00 invested within the next two years - that is by 1 October 2013. It's ambitious, but I want to do it.

1 comments:

Nsoromma...Child of the Heavens said...

Everytime I read you quarterlies I am in awe.

I wish I was so organised and doing so well...or had a friend to help me understand this stuff!