I finally hit -30k € net worth at 35, 2 year update

two years ago I made a somewhat memey post about finally hitting -50k.

Made some decent progress in the two years and learned some things about me. Last year i was diagnosed with bipolar2, which is relevant in this context because one of the symptoms is reduced impulse control, which in turn results in excessive online shopping. In fact I spent 8.000€ I had saved before getting the diagnosis. Now I'm properly medicated and being aware of the symptom helps me manage my spending.

I settled on 3 different bank accounts, one for all the regular expenses, one for fun money and one for food. this helps keep an easy overview of my spending and enforces limits on how much i can spend.

another step was no more overdraft accounts at all. this was a big problem for me ever since i got my first job, the maximum limit i had was 8000€.

I still have 4 credits running, which I pay off at 1.000€ per month in total, last one runs out in 2030.

In the past I was kind of obsessed with ETFs (MSCI world) and prioritised my saving plan over repaying my overdraft account or having an emergency fund. After spending my saved ETF I settled on the recommended approach of instead first having a proper emergency fund. I'm currently sitting at ~5,5k € in my emergency fund (high yielding savings account with 2.5%). I'm aiming for 10k €, which is a bit below the 3x net monthly salary.

Currently earning 4.000€ per month after taxes (~80k p.a. before taxes, in germany steuerklasse1).

Pretty happy with my progress overall.