28/10/2018
NET WORTH DAY!!!!!!!!!!!
Ok so I might as well break the bad news, my net worth has decreased not increased!!!!!
What the fuck did y’all expect ?
“Oh I’ll do this and I’ll do that and after I’ve done this everything magically falls the fuck into place and I’ll just start increasing my net worth just like that!?”
You fucking millennials…
All your about is instant gratification, I’m after this long game vibe, the Ram Sethi, Andrew Craig, Benjamin Graham vibe, nothing will just magically happen like that let’s break down what’s my shit looks like and I’ll describe my position like some dickhead CFO who’s likes to say fancy stuff about numbers.
Positive Assets
Cash – 4028.17 (Liquid)
Stocks and Share ISA- 9848.51 (Liquid)
SAYE Share Scheme- 55,131 (Not liquid)
Total = £69,007
Debt + Liabilities
£161,455 (Mortgage on the flat)
£8000 (Family Friend)
£40000 (Dad)
Total = -209,455
Actual Net worth = – £140,447.32
Things to note(Me pretending to be a really clever CFO):
Net worth decreased by 0.51% – Much of this has been driven by poor stock market conditions. There is much debate around whether we are in the midst of a market correction or whether we are on the cusp of a recession driven by a number of factors such as president Trump’s rhetoric on trade tariffs regarding China. Historic highs have been reached again on the DOW and S+P 500 leaving the perception of no upside.
Investors are feeling jittery at the moment with buzzwords like “correction” and “recession” running through the financial media air, those in the financial markets tend to go on the defensive and pull out of stocks and move towards bonds and cash.
Debt position improved by 0.95% – An investment into a residential property provided it’s first set off passive income this month, this along this pulling out £200 a day until £1000 total was reached. We believe over the next 6 months we can completely pay off our family friends debt.
(End of my CFO speech)
What I have just written above is all correct but more importantly it is what all the cunts in the world do to make you feel thick as shit. Flowery complicated language all tools used to keep you away from investing, keeping you away from cutting through to the real thruth.
But if a tosser like me can write something that sounds as clever as I think I’ve written it hopefully this should make you feel and hopefully understand nothing is out of your reach.
The world at the moment is full of “Kayfabe”.
All it means is that everything is simple but we decorate everything with words and make it either sound super clever or super flowery. Neither matter because all that matters is you where you are in YOUR life and what you are doing about it.
I’m spelling it out for myself by trying my best to track my net worth once a month so let’s wait and see how far this rabbit hole goes!
Let me take lil snapshot in my head to see what is happening next month:
Cash:
Should drop a little more next month because I wanna buy a TV for Black friday!!!!! HYPE HYPE HYPE
Stock and shares Isa:
We now have a close to a complete financial engine in place. I finally found a Bond ETF that I’m very happy with and I feel we kinda covered on that front I just need to “keep filling it up”.
My Take Two shares and FLO tech (speculative) are in the minus but no real concerns about them I just need to keep an eye on TAKE TWO and if I can sell at profit I will only to hopefully buy again at a dip that I’m absolutely certain will occur over the next month.
Right November is approaching, I’m still reading Benjamin and need to start thinking about how I’m to obtain a side hustle revenue. Let’s see whatagwan
Thanks for everything we shall chat soon!!!!