Net worth tracking is fun! You know, I am pretty far from the ideal case when it comes to bloggers on personal finance. On Christmas Day in 2012, I started blogging. Oh yes, a quick mention that I love December and January – the months when there are plenty of new bloggers on the scene. Keep on writing! I would love to learn more from you!

I started late, as in “I-figured-this-out-when-I-am-much-older” kind of late. Six days after I started my blog (back then, it was on Blogger), on the last day of 2012, I was 30 years old and my net worth was a grand total of negative $25,755 to my name.

I remember thinking to myself, that wasn’t how I’m going to live my life. Yes, I had gotten married and bought my apartment. Now that the seemingly toughest parts (financially) were out of the way, it was time to claw my way out.

I didn’t have lofty goals such as $100k investment portfolio by 26, or financial freedom by 35, or CPF [email protected] etc. You can call me a “low-achiever”, I’m OK with that.

I’m not racing with you; I’m running for myself. Get what I mean? 

See previous years :
My Net Worth Is Still 6-Figure And I’m OK With It (2019)
My Net Worth Is Only 6-Figure And I’m OK With It (2018)
My Net Worth Is Only 5-Figure And I’m OK With It (2015)

And so, I improvised the use of my You Need A Budget (YNAB) subscription and started tracking everything. I stumbled along, and had my fair share of struggles and challenges.

Seven years on, I am now the guy who had Full Retirement Sum at 37 without topping up a single cent.

Net Worth Calc : Assets (Plus+)

Just a quick re-cap. Lucky me, I don’t have to spend much efforts compiling the numbers because I use YNAB everyday.

  • Cash
  • E-wallets e.g. Paypal, Grab, MCO
  • Bank accounts
  • CPF accounts – yes, CPF is my money, thank you
  • Investments e.g. SSBs, CDP, robo-advisors
  • Alternative assets e.g. cryptocurrency

Just as I had omitted the value of my HDB apartment in previous years, I would do the same here. Calculate using whichever method you want. At the end of the day, it is what we make of the number that truly matters.

In an earlier post, I wrote that I transferred $40,000 to my mum’s CPF-RA account. Her own $8,800 was used to purchase the annuity premium which is approximately 18% of her CPF-RA balance, post transfer. For simplicity’s sake, I would park the $40,000 under my net worth and assume an outflow of $150 per month until the amount is fully exhausted in 22 years time when I’m 60 years old – I hope that happens.

Net Worth Calc : Liabilities (Minus-)

Pretty simple list.

  • Credit cards
  • Personal loan – Don’t ask (it’s complicated), it would be cleared by year end
  • HDB loan – I divided it by two since wife + me

Blue bars are basically the total amount I’ve added for the year. How did I do? Let’s take a look!

Net Worth Tracking - 8 Years

The final number for end-2019 is a massive $92,966 increase for the entire year, partly thanks to nice investment returns and increasing CPF interest earned. If we averaged out the progress over the last seven years, it would have been an average addition of around $45,000 annually.

Tracking of net worth is an exercise primarily for myself. The way I track it and what I chose to include/exclude is specifically meant for the way I use it. It is what we make of the number that truly matters.

Moving forward, having achieved my CPF-FRS target, the next milestone is likely to be a conservative $550,000 net worth by 2022. By then, I would be 40 years old (OMG WTF) and have secured a level of security/stability financially.

Perhaps, ready to move on to do something else with my life?

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