Ho ho ho! Merry Christmas friends 🙂
I hope you are all enjoying the holiday with your friends and family to the extent that COVID-19 allows you to.
I’m fashionably late again this month, but I promised myself I would make a November update before the year is over.
It’s a very fast version of an update where I have thrown in a few graphs.
Once we end the year in a bit under a week, I will make a longer update summarizing the progress on our financial independence journey in the past year.
The November financials
Ouch, a savings rate of 0%. Actually, we did save some money in November (equaling a 45% savings rate), however, we are setting the money aside for house improvements. Ultimately, it will likely result in a real estate value increase that will be reflected in our net worth overview eventually.
Our net worth increased by 0.7% in November to 3.725 DKKm (0.573 USDm). We are now 80% of the way to having three years’ expenses in liquid assets and 53% towards our optimistic FI goal (14% towards the traditional FI goal).
The increases in net worth were primarily due to stocks, pension, and CC increasing despite a 0% savings rate.
That’s it for November. I am looking forward to showing you the overall progress for 2020 next week 🙂