Already 5 years into the workforce. What have I built?

It was a sudden awakening - I've already worked for more than 5 years.

But what have I achieved?

I stepped into the rat race as a noob (nobody uses this word now, I admit I'm old), being tekan by unhelpful "seniors" who thankfully left after 1+ year of torture and earning lesser than my peers, to slowly building up my confidence, emerging stronger and being more courageous to say "No", proving myself along the way and getting rewarded with better bonuses and increments.

I know I'm working just for the money (and the medical benefits that comes with it).

If I look at the money, so far, I should be doing it right in my career. I've decent bonuses and decent increments. I'm in a general profession, but I'm doing pretty ok.

So what has my 5 years of work got me?

Money. 

Through employment, coupled with my thrifty habits, I managed to hit $100k savings at 25 years old. And it took me another 2-3 years to get another  $100k at 28.

But, along with it,…

2015-2018 net worth

I used to track my daily expenses daily.

With every purchases, I'd keyed into google sheets.

But as time goes, I got lazy. I figured there's no need for me to track it daily given that I'm disciplined with my outflows. In any case, I've never budgeted how much I should spend on food, transport, shopping etc. Hence, the daily expenses tracking actually don't serve much purpose.

However, one thing that I continued to do, is to track my monthly assets/net worth. And they are broadly categorised as follow:

Cash SavingsFDStocksCPF

It feels good to see your money grow in the different pots and pinpoint which has the biggest growth. So here's presenting my annual net-worth growth since 2015:



I'm not confident that I'll hit $400k in the next few months given that I'd be wiping out almost all my CPF for housing soon. Reno cost a bomb and furnitures and appliances will wipe out a chunk of my savings.

My net worth will likely drop below $300k.

Oh well, such is life. I'll just have to grow it back again.

Comments

  1. I only track my personal expenses for 2 months and decided to stop as I don't spend extravagantly. The purpose is to get a rough idea of the spending percentage.

    Net worth may worth the time as you can size up liquidity and invest needs

    ReplyDelete
  2. After tracking ALL of my expenses for well over a year, it has made me even more stressful as I had to assess each of my spending decision well otherwise i feel really guilty. I still track and budget for the bigger items. Tracking net worth has made the process more enjoyable instead for me.

    ReplyDelete

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