No sooner had the kids had gone back to school in September, they were back home at various times during the month. In fact, they’ve yet to complete a full week at school due to positive tests within their bubbles.
Just how GCSE’s are going to work this year is anybody’s guess. At this rate, this school year is going to be majorly disrupted again and it will be impossible to expect that exams will happen as normal next summer.
Mrs Fu continues her recuperation from her broken ankle. She is hobbling around in her boot without crutches now, with just a couple more weeks left in her boot hopefully.
Following on from his interview last month, our son FU#1 was offered and accepted a new job. He has been working from home for his new company for a couple of weeks now and is loving it.
I have been getting a few jobs done around the house this month. Now the kids are older I have converted the playroom into a new bedroom, as #3 and #4 previously shared a room. Less falling out now I hope! So we now have a six-bed house instead of five. Only the youngest 2 now share a room.
Up to now we all seem to have steered clear of catching Covid, however, I am displaying some symptoms today (cold symptoms and loss of taste and smell) and I have had a test and await the results in the next couple of days.
I have now hit the 90% mark on my FIRE target. It feels like I am now on the home stretch.
FI Target – £1.25m to give £50k/year income @ 4% withdrawal rate.
Current FI value – £584k networth+ £455k (2xState pen £18.2k x 25) + £87k (DB pen £3.5k x 25)) = £1.12m
% to Target FI – 90.2% (89% last month)
Time to FI = 3 years (assuming 7%/yr. growth in net worth)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth Sep ’20 – £575,970 (Jul ’20 £575,970) +1.5% +£8,469
Assets – £808,305 (£801,788) +0.8% +£6,517
Cash/bank £7118 (£7122)
Main Home Q3 £428,068 (Q2 £424,428) +0.9% +£3,640
Rental Properties Q3 £176,578 (Q2 £175,077) +0.9% +£1,501
Pension SIPP £196,451 (£195,161) +0.7% +£1,380
Liabilities – £223,866 (£225,818) -0.9% -£1,952
Main Home Mortgage £85,700 (£86,050)
Loans, Debts and credit cards £138,166 (£139,768)
Overall Net Worth in September has risen by £8,469.
Liabilities were down by just below £2k.
Assets increased in value by £6.5k as house prices rose from q2 to q3. My pension flirted over the £200k mark in the month but promptly dropped back as soon as weenie started celebrating that her future fund had breached £200k as well. Thanks, weenie, I blame you!.
Rolling year on year change in net worth from September ’19 is +£52,063 (assets +£33,879, liabilities -£18,184)
Since we began tracking our net worth in June ’18 our net worth has increased by £170k.
YOY house price change +3.05%. (Q3 2019 – Q3 2020 NW England)
The Equity in my main home is £342,368.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s September ’20 update says annual house price growth gathers momentum as recovery continues.
The UK annual % change in house prices is +5.0%.
SIPP Dividends paid in September were £384.
Dividends September 2020 YTD total £4109, Av. £457/m (Sept 2019 YTD £1515, Av. £168/m)
(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319)
Other Monthly/weekly goals
Matched Betting –£162 this month (+£506 last month)
A loss this month. Only the second time in 34 months we have had a monthly loss. We are still only doing casino offers.
Total to date since starting 34m ago £12228 Av. £349/m (£12390 to last month Av. 364/m) means we lost £162 this month, broken down as follows.
Casino/slot offers to date £5679 (5841) = -£162 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £0 profit this month
Diet and Fitness – Stayed at 70kg and 16% body fat (70kg, 16% body fat last month).
My target is to get to 65kg and/or under 12% body fat.
eBay/selling – Nothing to report this month.
Keep healthy and safe everyone.
Any comments/questions always welcome
Monthly Net worth since started tracking