Net Worth update of 21 year old on the path to FIRE

Our first child of 6, FU#1, has been on his own path to FIRE for a while now, so I’ll do a quick update on his progress.

I’ll briefly recap his journey and reveal his current net worth.

He wrote a guest post for us here, in November 19 to give his take on FIRE, and I did an update on him here, 12 months ago.

FU#1 is currently in his first year of a full time job after doing a 3 year apprenticeship with the same company.

He is still enjoying his job and recently got a pay rise, and he is still improving his skills at work.

He has been saving 50% of his net earnings into a LISA and an ISA. Although he has a SIPP pension he doesn’t currently contribute to it as he is enrolled in his company’s AE pension.

 

Current Net worth  £15,512

LISA  £11,665,  ISA £2,535, AE pension £1,030, SIPP £281

 

So he is doing pretty well and is on track with the original figures I projected on a spreadsheet for him.

Keep it up FU#1, you are doing great.

 

 

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