Over the month of September, there wasn’t any major changes across my accounts. Everything is pretty much where it was last month, with a few things going up.

If you want to see my previous posts on Financial Independence Retire Early, check it out here: https://nathanchallengeslife.com/fire/

Net Worth

Throughout September, and at the start of October, my networth grew 0.6% it growing. You can see from the table below it’s quite variable, a few things up and a few down, but overall happy to see it increase:

Definitely not the average increase I’ve been having over 2020, which is ~15% a month, but hopefully the last few months of 2020 are good and I can reach my goal of $100,000.

I think it’s relevant again to mention this awesome article about saving towards your goals, and how important it is in the early stages to build and save, and then let time do it’s thing: article

Australian Investment Portfolio

As for my Australian investment portfolio – taking the value right now at 11 October 2020, I’m currently at , I’m currently at a total value of $56,808. During September, I made a few sells and purchases to optimise my portfolio and cut off a few funds that I don’t particularly like (probably shouldn’t have bought them in the first place). So my value has moved around a bit, but I’m much more comfortable with my holdings now.

Over the past month, it’s grown 5.27%, which is higher than the market’s return of 3.89% so I’m really happy about that 🙂

Still aiming to have it at $70,000 by the end of the year for my investment portfoio, but of course – while my house deposit goal has slowed that down, I’ll see how it goes closer to the year, and if I can prop it up a few $$$ to get there I probably will. This will make sure I’m on the right track for financial independence at 40.

When looking at selfwealth, there has been a really good growth since importing my portfio, as shown below:

Savings Rate

For August, unfortunately I only managed a 28% savings rate. No excuses this month – I just bought a few things I wanted that happened to be pretty expensive. It also includes a bit of payment towards a road trip, and a few hefty car service payments:

As always, rent is at the top of my expenses for the month, but nothing I can do about that now, and happy to know that it won’t change over the upcoming year.

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That’s my September update!

For October, I would like to work on the following things:

• Try to spend less money on things I don’t need (shopping/items)
• Work on building up my house deposit (transferring more when I get paid)

If you have any questions, I’d be happy to answer any of them!

Until next month, challenge yourself to make better choices, challenge your thoughts and ideas, and challenge your own mind to realise what is possible.

Nathan