There it goes, 2017 is over in a flash and we’re around the corner from 2018.
I thought I’d take the time between Christmas and New Years to relax but also to think about next year and to set out some goals. Given that you are much more likely to achieve your goals if they are written down, I thought it would be a good idea.
My financial goals for the year, which I will update on each month, are centered around my net worth including and excluding home equity, this includes my wife too. I started tracking those numbers this year as part of my goal to take control of my finances. When I started out my Net Worth excluding home equity was just £7,456.74. This was weighed down a fair bit by our £25k+ student loans. We ended the year at £35,558.23, a strong gain which was growing monthly by £3.5k.
The goal for this number in 2018 is to finish on £75,000, this will be adding £40,000 and doubling my current number.
My Net Worth including Home equity had an equally strong year increasing from £135k to £200k in just 9 months. This was driven a fair bit by the value of our London flat which, according to Zoopla, has appreciated nicely.
The goal for Net Worth including home equity for 2018 is £260,000. This, again, will represent a strong increase, I haven’t factored in as much of a bullish housing marketing for 2018 as I saw in 2017. I will be updating numbers monthly, to see my final 2017 update check here.
I look forward to the new year and hope it’s prosperous for everyone!