Check in: Net worth $580,000

Here we go!

Current net worth: $539,000 or $385,000 CHF 

Well, a year ago I was at $480k, and now I am at $539k. That is only an increase of $59k. This is kind of what I expected, but that is not as high as I wanted. At least over the next year I expect this to increase quite a bit (more below). 

I managed to re-negotiate my contract with my current employer to increase my income from $450/day to $789/day. That has been built mainly on my longstanding very good relationship with my boss (over a decade of knowing him and working with him). I'm really thankful for that. 

Upcoming expenses till 1 July 2021: 

Monthly living expenses will go down. from $3350/month in Bern to $2443 x 9 months = $21987 
We are moving to Nigeria for two years for my husband's work! Daycare expenses are going down, but rent and other house staff costs go up. 

Daycare $800/month

Nanny $250/month

Cook $250/month

Driver $250/month 

Subtotal = $1550/month 

My half of the above =  $775/month 

Food and others yet unknown, budgeting $500/month 

Rent (my half)- $928

Health insurance (my half) - $240

Trip to Canada (to see grandparents): $3000
Two trips to Switzerland (to see grandparents): $6000

Total: $30987

Upcoming income (till 1 July 2021): 

Job 1: $90000 About $10k/month working 3-4 days a week. 

Job 2: $10000 Gotta keep my license going. 

Job 3: $1000 Doing some additional side work here and there. 

Other one-time income: 

$15000 from proof of tax return - my employer is inexplicably holding back $15k on proof of my final tax return. This is a very strange business model especially since I have already given them proof that I have to pay taxes as per many clear email conversations with the cantonal government. Anyways we managed to scratch this condition out of the new contract. 

$50000 from house sale - I am selling the house of my grandmother's that I inherited, and splitting the proceeds with family. It won't be life changing (and I don't expect it to be) but it is substantial. We haven't finalized the split, but I am anticipating to receive after all is said and done about 30% of the value of the house. 

Total: $166,000 

Total increase in NW = $135013 CHF or 195898 CAD

Expected net worth July 1, 2021: around $520,000 CHF or $754,000 home currency 

Still doing well overall on my net worth projections. $754k CAD at age 34 is fine with me; hoping to get to $1m CAD, or $1m CHF as a stretch goal ($1.4m CAD) by the time I am 40. And then to ramp this up, through investing and earnings, to $8m over then next 25 years with at least $2-3m in retirement savings (I don't intend to retire early). Come on compound interest! 

Money wise, I still do have a big chunk of cash sitting in a bank account right now. This should definitely change. However it's not clear what I can do with this while we are abroad; I will not have residency status anywhere for a few years so I don't think I can open any new investment accounts in Switzerland. I will need to "get on top of this" again and find somewhere to keep this. 

The goal is still to keep being able to bank $100k/year CHF. As a consultant abroad with these expenses and no taxes, this might actually be possible. As a person back in Switzerland it will be more difficult, but potentially doable again if I can get back into a good job. 

The strategy is the same as last year: 
1. Better investing - get on top of this again. How do I do this while not in Switzerland? 
2. Find a full-time job in public health - UN agency, consultancy, or university
3. (back-up) learn German, then work as a doctor

I have firmly shifted to believing that money is secondary to career. (I guess I always thought that but was stressing over money for a long time). Actually - scratch that. Money and career are secondary to balanced, principled living. That is the focus. This, and growth, and family.