Net worth update 16 June 2018

Cebu Safari and Adventure Park Carmen Cebu zebra Cebu Philippines
What’s happening, zebra?

Time for another net worth update to keep things interesting! My saving rate improved this month as I get back to normal programming away from summer vacations. I currently have a year-to-date (YTD) saving rate of 46.03%.


How to compute for saving rate


I like things simple and derive my saving rate by dividing my YTD expenses from my YTD income and then subtract the same from 1 (or 100%).   Depending on how you log your cash flow, money that was not spent in expenses is saved or placed in deposit or equity accounts or placed in assets, leaving you a ratio of your savings vis a vis YTD income (your saving rate).


My current net worth is


PhP 2,387,000.00 / USD 45,903.85 (@52perUSD)

This is comprised of:
Real estate 45.37%
Stocks etc. (includes government bonds) 20.99%
Cash (includes time deposit certificates) 18.33%
Car 13.22%
Retirement account 2.09%


Looking at the numbers now, I highly doubt I’ll make it to the three million mark before 2019. Our real estate exposure is definitely high at 45.37% and comes with periodical costs in terms of association dues* and real property taxes. Moreover, there is an improvement that needs to be done in one property so that will require a capital outlay. But here’s to always hoping for the best!

Have you calculated your net worth lately?


*Among the perks of getting a unit located in a building without an elevator are super low association dues. I pay only PhP 770.00 /USD 14.80 for mine every month. This is something to consider when buying a condo unit. Fortunately, our other real estate properties do not require the payment of association dues.


3 thoughts on “Net worth update 16 June 2018

  1. Thank you George! Rates of return vary from 15%, 6% and 4%. There are limits on the accounts with the 15% and 6% returns, so any excess interest or dividends are deposited in the 4% accounts. Hope this helps.


  2. Hi George! Yes, my current net worth is PHP 3,812,618.23 / USD 70,851.98 (@ 52 per USD).

    This is comprised of:
    Cooperatives 91.54%
    Real estate 4.59%
    Stocks etc. 3.67%
    Cash 0.21%

    I don’t track my expenses but my savings rate is 20% of my compensation income.

    Assets have an average interest of 7.87% per year, and all interest income are reinvested.

    Thank you for your blog! I learn a lot and appreciate your honesty. 🙂


    1. Thanks for dropping by EJ. Hope you keep tracking your net worth with me you’re doing great! I noticed most of your asset portfolio is in cooperative shares. how is the return ? As a coop member myself I’m curious as I’ve been pretty passive with my coop activity.


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