Just a quick update of the figures up to the end of August.
Markets dropped back down after last month’s recovery. I think things will continue to be volatile for a while yet.
The Numbers
Original FI Target – £1.25m – to give £50k/year income @ 4% withdrawal rate.
Current FI value – £860k networth+ £481k (2xState pen £19.2k x 25) + £88k (DB pen £3.5k x 25)) = £1.429m
% to Target FI – 114.4% (115.4% last month)
Time to FI = Achieved! (achieved-April 21)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth Aug ’22 – £860,114 (July ’22 £873,672) -1.6% -£13,558
Assets – £1,061,758 (£1,068,467) -0.6% -£6,709
Cash/bank £7752 (£7652)
Main Home Q2 £533,323 (Q2 £533,323) +0% +£0
Rental Properties Q2 £219,996 (Q2 £219,996) +0% +£0
Pension SIPP £300,678 (£307,496) -2.2% -£6,809
Liabilities – £201,645 (£194,796) +3.5% +£6,850
Main Home Mortgage £77,650 (£78,000)
Loans, Debts and credit cards £123,995 (£116,796)
Overall Net Worth in August decreased by £13k due to a fall in my SIPP value and increased liabilities, taking advantage of low-interest rates and restructuring debt
Rolling year-on-year change in net worth from August ’21 is +£104,607 (assets +£94,112 liabilities -£10,494)
Since we began tracking in June ’18, our net worth has increased by £445k, at an average of £8.9k per month.
Property
My house price YOY change +13.33%. (Q2 2021 – Q2 2022 NW England)
The Equity in my main home is £455,673.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s August ’22 update reports annual house price growth slows but remains in double digits.
The UK annual % change in house prices is +10%, with a UK average house price of £273k.
Dividends
SIPP Dividends paid in August were £665.
Dividends Aug 22 YTD total 5888, Av. £736/m (Aug 21 ytd £4546, Aug 20 ytd £3725)
(Year totals –2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942, 2021 £7383)
Rolling 12m average is £667/m
Other Monthly/weekly goals
Matched Betting –£3 this month (+£78 last month)
Hardly did any MB this month due to holidays etc.
We are still mainly doing casino offers with a little normal match betting.
Total to date since starting 58m ago £13934 Av. £240/m (£13937 to last month Av. 245/m), broken down as follows.
Casino/slot offers to date £7006(7016) = +£78 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £7 this month
Diet and Fitness
Stayed at 74kg and 20% body fat . (74kg, 2% body fat last month).
My target is to get to 70kg and/or under 15% body fat.
eBay/selling – Nothing done this month.