Financial Statement – January

Savings rate = 45%

Total net worth increase = + 9,905 EUR

My increase in net worth is mostly due to an adjustment I made on my pension and not related to any “real” increase. I was very conservative about the amount of taxes I would pay if I decide to retrieve the cash from my pension account and I have adjusted that this month. This adjustment represents a 3,6k increase in my pension value.

I got a small salary increase and a small bonus. Unfortunately, the small bonus went almost entirely to pay for the adjustment of costs than landlords in Germany do on a yearly basis + some furniture we bought for baby #2, which will come at the end of March (very exciting!). So yes, even with a salary increase and a bonus, our savings rate was lower than usual.

Cash 11,500 +1,850
Net Cash flow Real Estate Business 3,200 +100
Pensions 96,730 +5,270
Security deposit for current house 2,000 -500
Rental Property #1 115,000 +0
Rental Property #2 120,000 +0
Debt (Bank) -9,520 +3,185
Total networth 338,910 +9,905

I am now 38% FI 🙂

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