Asset breakdown as of end July:

Total AuM: $61,267

Reliable AuM: $52,318 (▴$3,980)

Notes:

A. Notable expenses: In the spirit of honest disclosure I recently bought an almost-new iPad mini 6 and some accompanying accessories which set me back c.$1,000. The justification was that, given I am working on things on the sidelines, time is of the essence and I would benefit well from doing small tasks (responding to emails, drafting documents, writing this post) while on the go. I’ve only had this for two weeks but it seems to be rather useful!

B. Last update was not a complete representation: While tracking the balance sheet I had neglected some outstanding credit card debt and other payables. True AuM figure at the end of June would have been closer to 44,000-45,000. For better accuracy I’ll be clearing off immediate payables such that cc balance would be 0. Albeit, this would not be an accurate “net worth” or “equity” representation as there would still be some outstanding long term payables which I shall not delve into.

C. Looking good, still ahead of projection: Notwithstanding the above adjustment, I am still pretty ahead of what I have calculated. $75k is well within my sights.

D. Saving vs living: To be fair, given I have now settled into a couple of side hustles that are bringing in a steady (but humble) stream of income, the $75k should not be a challenge. That said, I’d really like to keep a good portion of these side monies as spendable sums.