I got 99 problems but this ain’t one.
An unexpected big increase this month has propelled me to 99% FI. So close now to hitting my target figure and it’s looking like I will reach it next month.
This month has gone by so quickly again but we get closer to the end of lockdown as restrictions start to be eased. We are looking forward to getting out for a nice meal and a few drinks to get a break from the house and kids. We have also booked a week away in Bournemouth in July
Mrs FU had her first vaccine jab last week. She had a slight reaction and felt ill overnight but she was ok after a day or two. I have decided I am not having the vaccine as I have already had covid.
The kids (FUs #3 & #4) went back to school in early March and they have been doing home covid tests 3 times a week. It only seems like they have been back 2 minutes but they are now on their Easter holidays for two weeks. Fu#3 was meant to do his GCSE exams in May but we still don’t fully know what is happening yet. We will need to decide what he wants to do as he doesn’t want to stop on to do A levels.
FI Target – £1.25m to give £50k/year income @ 4% withdrawal rate.
Current FI value – £691k networth+ £466k (2xState pen £18.6k x 25) + £87k (DB pen £3.5k x 25)) = £1.24m
% to Target FI – 99.7% (96.6% last month)
Time to FI = 1 month, April 21 (last month- 11 months, Jan 22)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth Feb ’21 – £691,652 (Feb ’21 £664,152) +4.1% +£27,500
Assets – £910,366 (£876,049) +3.9% +£34,317
Cash/bank £6322 (£8491)
Main Home Q1 £453,809 (Q4 £441,157) +2.9% +£12,652
Rental Properties Q1 £187,196 (Q4 £181,977) +2.9% +£5,219
Pension SIPP £263,039 (£244,424) +7.6% +£18,615
Liabilities – £218,714 (£211,897) +3.2% +£6,817
Main Home Mortgage £83,600 (£83,950)
Loans, Debts and credit cards £135,114 (£127,947)
Overall Net Worth in March rose by £27.5k .
Assets increased by £34.3k. About half the increase was due to property prices rising by 2.9% over the last quarter, and the other half was due to an increase in my SIPP value, fuelled by rising markets and contributions made before tax year end.
Liabilities increased by £6.8k this month due to taking advantage of a 0% offer to boost my pension contributions. I couldn’t resist the instant 25% return.
Rolling year on year change in net worth from March ’20 is +£190,071 (assets +£169,366, liabilities -£20,705)
Since we began tracking our net worth in June ’18 our net worth has increased by £277k, at an average of £8.4k per month.
My house price YOY change +8.18%. (Q1 2020 – Q1 2021 NW England)
The Equity in my main home is £370,209.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s March ’21 update reports the strongest house price growth is in the North West this quarter. The outlook is still uncertain due to covid and stamp duty changes.
The UK annual % change in house prices to March is +5.7%, with a UK average house price of £232k.
SIPP Dividends paid in March were £265.
Dividends Mar 21 YTD total £1096, Av. £365/m (Mar 20 ytd £929, Mar 19 ytd £267)
(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942)
Other Monthly/weekly goals
Matched Betting +£213 this month (+£133 last month)
£213 profit this month. We are still mainly doing casino offers and a bit of normal match betting.
Total to date since starting 41m ago £12822 Av. £313/m (£12609 to last month Av. 320/m) means we made £213 this month, broken down as follows.
Casino/slot offers to date £6206 (6032) = +£174 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £39 profit this month
Diet and Fitness – Stayed at 74kg and 19% body fat (74kg, 19% body fat last month). Now my training is consistent I need to experiment with my diet to see what will work to lose some weight as I am stuck at 74kg
My target is to get to 70kg and/or under 15% body fat.
eBay/selling – Nothing done this month.
Any comments/questions always welcome
Monthly Net worth since started tracking