This month’s lockdown went by pretty quickly, probably because not much changed in our daily lives apart from not being able to go to restaurants and the kids’ football being cancelled.
Fu#2 has this week gone back to work after another 4 week stretch on furlough. It’ll be very busy few weeks for her as everyone rushes to get hair appointments before Christmas. Parties might not be happening but everyone still wants to look good on photos.
Fu#3 and 4 have been at school as normal through the lockdown, after a very fragmented September and October due to covid cases in their bubbles…although #3 has now been sent home to isolate for a fortnight due to five cases in his year group.
November is a busy month with my rental properties, as insurances and gas safety certificates fall due. Also, I had to set up a new tenant in one of my properties, along with all the paperwork that now entails.
December break up is now only a couple of weeks away and we have started to get into the spirit of Christmas by putting up the tree and Christmas lights. We had some snow overnight, too, which made everything look even more festive.
We are looking forward to a good old family meal on Christmas day with our parents, and we will ignore any restrictions that may be put in place to stop that.
FI Target – £1.25m to give £50k/year income @ 4% withdrawal rate.
Current FI value – £623k networth+ £455k (2xState pen £18.2k x 25) + £87k (DB pen £3.5k x 25)) = £1.16m
% to Target FI – 93.3% (91.6% last month)
Time to FI = 25 months, Nov 22 (last month- 30 months, April 2023)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth Nov ’20 – £623,482 (Oct ’20 £601,776) +3.7% +£22,006
Assets – £820,636 (£820,636) +2.4% +£20,101
Cash/bank £5989 (£6918)
Main Home Q3 £428,068 (Q3 £428,068) +0% +£0
Rental Properties Q3 £176,578 (Q3 £176,578) +0.% +£0
Pension SIPP £230,102 (£209,072) +10.1% +£21,030
Liabilities – £217,255 (£219,160) -0.9% -£1,905
Main Home Mortgage £85,000 (£85,350)
Loans, Debts and credit cards £132,255 (£133,810)
Overall Net Worth in November has risen by £22,006.
Liabilities were down by just below £2k.
Assets increased by £20k due to the value of my SIPP going up by over 10%, helped by rising markets and further contributions.
Rolling year on year change in net worth from November ’19 is +£83,484 (assets +£60,153, liabilities -£23,331)
Since we began tracking our net worth in June ’18 our net worth has increased by £209k, at an average of £7.2k per month.
YOY house price change +3.05%. (Q3 2019 – Q3 2020 NW England)
The Equity in my main home is £343,068.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s November ’20 update says annual house price growth rose to 6.5% in November.
The UK annual % change in house prices to November is +6.5%, with a UK average house price of £229k
SIPP Dividends paid in November were £657.
Dividends November 2020 YTD total £5487, Av. £499/m (Nov 2019 YTD £1995, Av. £181/m)
(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319)
Other Monthly/weekly goals
Matched Betting –£157 this month (+£22 last month)
Back into a loss this month. We are still only doing casino offers.
Total to date since starting 37m ago £12093 Av. £327/m (£12250 to last month Av. 340/m) means we lost £157 this month, broken down as follows.
Casino/slot offers to date £5544 (5701) = -£157 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £0 profit this month
Diet and Fitness – Got back into training this month but didn’t lose much weight. Went to 71kg and 17% body fat (72kg, 18% body fat last month).
My target is to get to 65kg and/or under 12% body fat.
eBay/selling – Mrs FU sold some more Lego this month and made about £40.
Keep healthy and safe everyone.
Any comments/questions always welcome
Monthly Net worth since started tracking