Where has this year gone? Christmas is virtually here and we are looking forward to a nice rest from working.
This month I’ve been busy converting a small commercial property I own into 2 flats. This is continuing my strategy of building up my BTL properties to enable me to do less work for others and concentrate on expanding and running my portfolio over the next couple of years.
Mrs Fu and FU#4 have recovered from the covid they had last month. Nobody else was affected in the household so hopefully we all have immunity now.
We managed to keep to our alcohol-free month in November and we can now relax and have a good drink at our upcoming Christmas parties.
Mrs Fu had a bit of luck on the matched betting front, winning a prize of various electronic goods, including a Mac book air, Apple watch 5 and a Nintendo switch amongst other items. A nice early Christmas present.
Have a great Christmas everyone.
The Numbers
Original FI Target – £1.25m – to give £50k/year income @ 4% withdrawal rate.
Current FI value – £799k networth+ £466k (2xState pen £18.6k x 25) + £88k (DB pen £3.5k x 25)) = £1.354m
% to Target FI – 108.3% (108.1% last month)
Time to FI = Achieved! (achieved-April 21)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth Nov ’21 – £799,268 (Oct ’21 £796,840) +0.3% +£2,428
Assets – £989,144 (£988,146) +0.1% +£968
Cash/bank £7402 (£7881)
Main Home Q3 £477,066 (Q3 £477,066) +0.0% +£0
Rental Properties Q3 £196,790 (Q3 £196,790) +0.0% +£0
Pension SIPP £307,856 (£306,408) +0.5% +£1,448
Liabilities – £189,846 (£191,306) -0.8% -£1,460
Main Home Mortgage £80,800 (£81,150)
Loans, Debts and credit cards £109,046 (£110,156)
Overall Net Worth in November increased by £2.4k, due to a small increase in my SIPP and ongoing debt payoff.
Rolling year on year change in net worth from November ’20 is +£195,887 (assets +£168,478 , liabilities -£27,409)
Since we began tracking our net worth in June ’18, our net worth has increased by £385k, at an average of £9.3k per month.
Property
My house price YOY change +11.4%. (Q3 2020 – Q3 2021 NW England)
The Equity in my main home is £396,266.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s November ’21 update reports annual house price growth is back into double digits.
The UK annual % change in house prices is +10.0%, with a UK average house price of £252k.
Dividends
SIPP Dividends paid in November were £732.
Dividends Nov 21 YTD total £6656, Av. £605m (Nov 20 ytd £5487, Nov 19 ytd £1995)
(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942)
Other Monthly/weekly goals
Matched Betting –£32 this month (+£141 last month)
We are still mainly doing casino offers with a little normal match betting.
Even though we show a small cash loss this month, Mrs Fu won over a thousand pounds worth of electrical goods through a casino daily prize draw.
Total to date since starting 49m ago £13243 Av. £270/m (£13275 to last month Av. 277/m), broken down as follows.
Casino/slot offers to date £6396(6570) = -£174 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers +£142 this month
Diet and Fitness
Stayed 74kg and 19% body fat. (74kg, 19% body fat last month).
Still training 3 times a week and 5 a side football.
My target is to get to 70kg and/or under 15% body fat.
Same as last month, I didn’t manage any longer fasts this month, so will try and get a couple of 3 day fasts in before Christmas to offset the binge.
eBay/selling – Had a bit of a pre-Christmas clear-out and sold around £100 worth of items.
Any comments/questions always welcome
Monthly Net worth since started tracking
#20 April ’20 £534,439 +£32,858
#22 June ’20 £569,037 +£13,570 89%FI
#23 July ’20 £569,001 -£36 89%FI
#24 August ’20 £575,970 +£6,969 89%FI
#25 September ’20 £584,439 +£8,469 90% FI
#26 Oct ’20 £601,476 +£17,037 91% FI
#27 Nov ’20 £623,482 +£22,006 93% FI
#29 Dec ’20 £652,421 (+£28,939) 95% FI
#30 Jan ’21£661,508 (+£9,087) 96% FI
Sorry to hear about you getting the virus.
I habe been lucky but the Lady got it and was self isolating for 10 days.
Good luck with the property development!
Thanks, only Mrs Fu and Fu#4 had it this time. They mingled as normal with the rest of the family and no one else caught it so we are not worried about it at all now. Hope you are all back in good health now.
Yeah, for us only the Lady had it and the 3.of us remained negative.
Shows the value of a good covid plan and space to lock away someone if needs be.
Hope Mrs Fu and Fu#4 are all recovered now – fantastic prizes won, wow!
Hope you have a great Christmas and perhaps see you at some point at a future pub meet when we’re mingling again!