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2019: A year in review
By Azrael's Financial Cents  •  January 8, 2020



Sorry for the late post as I was busy with stuff.

Thought I'll do a review of 2019.

On my personal finances  
Achieved investing savings target of 24k/yr, achieved 30.1k.
Total savings achieved after everything else would be 35.9k. 

It is lower than last year despite a higher savings rate (~10% drop) because of many replacement costs plus a new console (and buying for the family). These are one-off expenses so we do not expect these to appear next year.

Still focusing on how to allocate every dollar well.

This year I increased net profit margin from work from 57.7% to 59%, it is still not yet at the 60% mark.
Frankly, it has been harder and harder to increase my savings rate.
In addition, considering some happenings at work, I would think increasing it to 65% would be safer to create a margin of safety (I would think 70% the maximum I can...
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By Azrael's Financial Cents
Azrael is the author behind Azrael's Financial Cents, a personal diary of his journey towards Financial Freedom. Hopefully, while sharing his experience, he can help his readers and better himself too.
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