Found this site and had quite an epiphany. I will try to use this journal to try and make sense of my financial situation.
Currently I am living alone in a too expensive apartment with a cheap but risky mortgage. My job is part time but I am hoping to get a full time job within the next year or so. This way I would be able to increase my savings rate.
The apartment was bought at a lucky point in time and is now worth 2x the purchase price.
Annual income (2016): $24,306
Annual expenses (2016): $16,363
Apartment (big part of the assets): $643,419
Liabilities (mortgage): $257,367
Net worth (as of today): $583,609
35.67x annual spending
3.7% true (S)WR (due to capital gains taxes)
Savings rate (2016): 32%
Stuff I should work on
- Reducing my "stupid" spending
- Selling my condo and renting a place
- An efficient way to invest the money
- Getting a full time job within the next year or so