Progress on 2015 goals will be updated monthly. A bit of accountability never hurt anyone, take note Enron.
I write this to you with a severe case of the ManFlu, I expect my Purple Heart is in the post.
Increase Net Worth – Target of 40% across the year
So to be on target I need to aim for an increase of approximately 2.8436156% a month –> ([1.4 ^ (1/12)] – 1) x 100.
When you break it down it doesn’t seem so scary.. that’s only 0.09222667709% per day –> ([1.4 ^ (1/365)] – 1) x 100.
A good start to the year with net worth increasing by 3.9%, off the back of a good savings rate and some equity tailwind. (Where NW does not include my residential property).
Savings rate – Target average of 60%
I set myself a pretty tough goal for 2015 of aiming for a savings rate of 60%, given that I had historically been hovering around 50% like a strange hovering thing.
January was a pretty good month on the savings rate front. I hit 56.3%, so off to a strong start but there is work to be done, I left my method of calculating the savings rate the same, despite a bit of investigating. I wanted to put 100% of my in month raise towards savings, but it wasn’t as high as it could have been as there was a few bits to pay off from early January, professional subscriptions being one and they are incoherently EXPENSIVE.
Cycling – Target 200 miles a month average
Stupid fat hobbit, you’ve only hit 80 miles.
This was to be expected though as much of January has been in the gym or on the Turbo Trainer. Fingers crossed I can hit much higher than this as it gets lighter in the mornings and evenings. After all, what use is a pile of cash if you are unhealthy. February is going to be much the same, so will have some serious catching up to do.
Like a bag of nuts, it was a bit of a mixed month in January. Mr Z Ltd page has been updated.
I need to feed this carcass some paracetamol.
Mr Z (Bleurrgggghh)