It also provides a full amortization schedule so you can see exactly how much principal is left over after every payment. It calculates the simple things like how much your monthly payments are given your mortgage amounts, down payment, interest rate, and mortgage duration. What does this mortgage spreadsheet calculate? I can also trade options around it for extra passive income like the options wheel.Īs a digital nomad who travels the world, owning real estate is also a bad investment as managing something half way across the world becomes a headache. I love having my money in stocks as this money is available at any point. Read Also On Johnny Africa: Step By Step Guide: Using the Foreign Earned Income Exclusion To Reduce Taxes Plus I’m terrible when it comes to hands on things so I would have to spend crazy amounts of money to fix up damages. These are things you would not have to deal with in a rental apartment. In addition, any damage, renovations, or fixes you make have to be deducted from your final sale price to calculate the true profit. When you purchase a place, the costs to purchase and when you sell is something like 10% (broker fees, transfer taxes, appraisals, etc.). The problem with real estate is that the transaction costs are so high. I know yes you made a lot of money on your home in Seattle during the tech boom but I could have bought Tesla stock at the same time and let’s see who has a higher profit. I’m comparing the average real estate gains in the market to something the S&P 500. While of course you can make a hefty profit on your home if you buy it in the right place at the right time, I just think on average it does not outperform equities. I am not a big fan of real estate and think it totally under performs the equity markets especially if you’re putting down 20%. I used the spreadsheet a lot when I first purchased my home just so I could play around with the figures and see what I could expect as far as ROI goes when I sell my home down the line. In addition, this spreadsheet breaks down your payments by interest and principal so you can see just how fast you’re paying off your mortgage. If you own a home, or are in the process of buying a home, or just want to see what a mortgage payment schedule looks like, this spreadsheet is for you.Ī mortgage spreadsheet like the one I’ve created will help you visualize your entire payment schedule over the course of a 15y or 30y mortgage just so you can see exactly how much money you’re spending every month. I’m an avid user of spreadsheets in my life and there’s nothing more perfect for a spreadsheet than a mortgage. My spreadsheet to track my stock positions using the Google Finance function.ĥ.2 Share The Love! Why use a spreadsheet for mortgage.Also, check out my travel itinerary planning spreadsheet which is perfect for organizing and planning your trip!.If you’re more advanced and want to trade options, I’ve also created this spreadsheet to track options trading.I use this spreadsheet to track net worth and expenses. Trading options is all a part of my net worth building regimen.Option selling has helped me manage my expenses and income during early retirement. In the last year, I’ve traveled the world for a year and my net worth actually increased. I reached Financial Independence in 2020 which was quite the milestone for me. I couldn’t find many good spreadsheet options to track the list of all my stock positions which turned out to be ever increasing. I’ve always traded stocks and invested my money over the long term as a way to pursue the FIRE (Financial Independence Retire Early) lifestyle. The Ultimate Net Worth, Budgeting, And FIRE Spreadsheet | Johnny Africa Options Wheel Strategy: Ultimate Passive Income Generator.How To Pay 0% in Taxes: Step by Step Guide.Financial Independence (FIRE): How To Retire Early.How Travel Hacking Affects Your Credit Score.How I Travel The World And Fly For Free.The Ultimate Guide To Travel Hacking & Credit Cards.
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