Hello and welcome to the final monthly net worth update for 2018!
I hope you all managed to have a wonderful break over the festive period and ease the pain of December which was another nasty month on the markets, no doubt knocking everyone’s net worth down a touch. Let’s hope things improve as we head into 2019
What Happened In December?
I had some general goals for December:
- Get our financial plans and goals agreed for 2019 – ongoing!
- Map out plans
forPursue FIRE in 2019 – see plans below
- Possible site re-design/tweaks – did not get time 😉
Each Way Betting
In what was a much quieter month on the betting side hustle, December still yielded some respectable profits for this side-hustle which has been great since starting back in the summer. You can read more about it in my December report. With me finishing work in mid-December, family duties and preparation for Christmas limited my betting days considerably.
Elsewhere within betting, I decided to create a dedicated Slack community. This has gotten off to a great start in 2019 so a big thank you to all that have joined so far. I have dedicated channels set-up to answer questions about the strategy guide, share daily results and discuss other tips and tricks. It has been great to bounce ideas of everyone and also share some banter too.
If you’d like to join you can do so here:
Back to School
December also marked my first full month in my year-long Executive MBA studies and the completion of my first concentration (Accountancy) and examination. I really enjoyed the process and successfully passed the exam with a high score 🙂
I’m now knee-deep in a detailed group project with some of my fellow European-based colleagues, analysing a drinks company. It has been great to work in a group with so many varied and talented people. Once this project is complete (the first of several) I’ll be moving on to the next concentration in the
Overall, I am really pleased I decided to accept my place on the course. It is eating into my blogging time quite significantly, but so far I’m managing to juggle things quite well. I think the year will fly by!
With so much going on the time to write content was a bit limited. That being said, I did manage to post the following during the month in case you missed anything:
- Each Way Betting Report #5 – November: – My usual monthly summary of how each way betting fared over the month. November was a +22% growth in my betting bank
- Monthly Net Worth Update #6: My usual monthly snapshot of Net Worth and the key changes/drivers over the month
- Each Way Betting Group (Slack): A short post outlining the launch of my Each Way Betting Community via the Slack Platform.
Elsewhere, I attended a talk hosted by Finimize over at the General Assembly in London. The topic was on the future of buying and selling homes and featured two guest speakers from companies involved in mortgage broking and real estate financing. There was not much that I was not already aware of, but it was still great to see the types of technology and disruptive solutions that are fast coming down the pipe. Sadly, none of these can influence the chronic imbalance of supply & demand that has such a warped impact on property valuations.
I’m a big fan of Finimize though as a means to receive compact, bite-sized market summaries throughout the day in a fun and impactful way. I highly recommend either the daily emails or the app which is available for iPhone and Android devices. I look forward to attending more of their events in the future
Net Worth Snapshot
Right, let’s take a look at some numbers for December. Below I break down my current financial assets as at the end of the month and compare these to last month totals. As it is also the end of the year, I can see the full change over 2018:
After a brief reprieve in November, when total net worth climbed a little higher following Red October, December saw a return to turmoil on the capital markets and this ultimately hit investment values across my pensions and investment accounts.
So we ended the year on
So how does this impact the year-to-date picture? Well, my total net worth finished the year 10.7% higher than at the start of the year (+£51,129) and, excluding property, that’s an overall increase of 9.1% (+£23,326).
With returns from investments in the red for the year, this increase has come from paying down a decent amount of unsecured debt; an increase in home equity (i.e. the combination of mortgage payments reducing the outstanding mortgage together with an estimated increase in my property value) – clearly I’m highly cautious on that last point.
Focus Areas For January and Beyond
As the New Year breaks in, I have a few goals in the months ahead:
- I’m almost 6 months into my blogging journey here
atPursue FIRE and I’ve enjoyed the process. However, I have no real idea how I’m doing and feel I can do a better job at tracking my progress and growing my readership.
- Related to the above, I want to improve how I communicate with subscribers and properly set-up my subscriptions, emails etc
- To date, nearly all of the comments I have received have been focused on the betting content which is great. However, this is a FIRE blog and betting and other side-hustles form just a small part of that puzzle. My FIRE content is hopefully engaging but this is an area I want to beef up more going forward.
- Developing the community aspect of Pursue FIRE and developing a more effective social media presence (I have been a bit slow at this apologies!) plus other media forms (podcast, video etc)
- I’m considering a mini-series of sorts – some interconnected posts on a specific topic.
- As my EMBA studies progress, I have to create a business plan for a potential business idea I have in the FIRE space (more on that later in the year)
- My Budgeting spreadsheets are always being streamlined and there is more enhancement to be done here, especially as we recently overhauled our banking and account structure.
- Plus many more!! 🙂
As always, thanks for taking the time to read and I wish you all a prosperous start to 2019 😉
Until next time!
Do you have any comments, questions or tips for me? Please let me know by leaving a comment below