Friday, June 14, 2019

Regular Financial Updates 2019 Q2

Hi guys!

This is Jerry, the author of this blog! I decided to post the total asset I have so that you guys could witness my growth.

This is the second quarter asset report of 2019:



I should have done this in June but I foresee that I will be busy in June so I decided to do it at the end of May.

Before interpreting the numbers, I have to mention that in the previous recorded months I forgot to input a very significant amount which is the Mandatory Provident Fund (MPF). It is a retirement scheme of Hong Kong citizen in which you must deposit 5% of your monthly salary into that account until age of 65. As a result, you can see the graph is a little steeper this quarter.

However, if I do not count the MPF, there aren't many gains in assets. This is very weird for me because my expense records told me that I spent far less than my earnings. After some investigations(haha), I found out that there are two reasons. First, it is the stock market. The market has dropped quite a lot for the past few months. Second, there is a loophole in my expense record. I didn't record the money I gave to my girlfriend. (Yes, I voluntarily gave her money to support her living.) Therefore, I will include this category in my expense and my budget so as to make all the records more accurate.

All in all, my financial goal of 2019 is to make it around 1.1 million. I reached nearly 90% of the goal so far. Do you think I will be successful? Please comment below!

Thank you for your time! See you next time!

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