A late net worth update for August as I’ve just had no time this month, so it’s just the numbers this time.
The Numbers
Original FI Target – £1.25m – to give £50k/year income @ 4% withdrawal rate.
Current FI value – £755k networth+ £466k (2xState pen £18.6k x 25) + £88k (DB pen £3.5k x 25)) = £1.310m
% to Target FI – 104.9% (104.0% last month)
Time to FI = Achieved! (achieved-April 21)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth Aug ’21 – £755,857 (Jul ’21 £744,645) +1.5% +£11,202
Assets – £967,646 (£957,836) +1.0% +£9,810
Cash/bank £5739 (£5684)
Main Home Q2 £470,594 (Q2 £470,594) +0.0% +£0
Rental Properties Q2 £194,120 (Q2 £194,120) +0.0% +£0
Pension SIPP £297,193 (£287,438) +3.4% +£9,755
Liabilities – £212,139 (£213,181) -0.8% -£1,042
Main Home Mortgage £81,850 (£82,200)
Loans, Debts and credit cards £129,939 (£130,981)
Overall Net Worth in August increased by £11k, due to the stock market having a good month resulting in an increase in my SIPP value.
Rolling year on year change in net worth from August ’20 is +£179,887 (assets +£165,858 , liabilities -£14,029)
Since we began tracking our net worth in June ’18, our net worth has increased by £341k, at an average of £8.9k per month.
Property
My house price YOY change +10.88%. (Q2 2020 – Q2 2021 NW England)
The Equity in my main home is £388,744.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s August ’21 update reports house prices rose by 2.1% in August, the second largest monthly rise in 15 years.
The UK annual % change in house prices is +11%, with a UK average house price of £248k.
Dividends
SIPP Dividends paid in August were £698.
Dividends Aug 21 YTD total £4546, Av. £568/m (Aug 20 ytd £3725, Aug 19 ytd £1250)
(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942)
Other Monthly/weekly goals
Matched Betting –£4 this month (-£112 last month)
We seem to be on a losing streak at the moment with another loss this month of £4. We are still mainly doing casino offers.
Total to date since starting 45m ago £12974 Av. £282/m (£12978 to last month Av. 288/m), broken down as follows.
Casino/slot offers to date £6340(6344) = -£4 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £0 this month
Diet and Fitness
Stayed 74kg and 19% body fat. (73kg, 18% 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. Going to try extra hard to achieve this by Christmas.
eBay/selling – Nothing done this month.
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