Net worth: $180,000 - The market drops, but I'm not selling!
This is my 7th net worth update. In may I had a whopping 64,2 % savings rate, which I’m extremely happy about!
The interest rate I got for this leveraged stock loan is 2,19 %, and that’s really low. I’m letting the inflation “eat” up my loan costs.
As long as I expect 7 % annually interest rate (after inflation) for my index funds, I consider this as a good choice.
It’s motivating to see that I can safely withdraw 543,6 $ every month for the rest of my life.
I will do everything I can to raise this dollar amount in the future. As you all know my goal is to save up 600.000 USD.
This means my monthly FI money goal is $2,000 USD each month. I’m over 1/4 to my goal and it feels great!
Recently I wrote a detailed post on how I will reach a 600.000 $ net worth in only 5 years.