Markets continued to fall in February due to the Ukraine situation and continued inflation worries, resulting in a second consecutive monthly drop in my net worth.
I see no reason to panic and will continue with my strategy of contributing to my SIPP with 100% equities.
Things carried on as normal though in the FU household, with us all keeping busy with work and doing our general everyday living tasks which is non-stop in our 8 person family.
Me and Mrs FU managed to get out quite a few times over the month, both celebrating her birthday with a meal and concert, and going out for a couple of mystery dines after hearing about it at a previous Manchester FIRE meet. It’s nice to try new places and get paid for it!
The Numbers
Original FI Target – £1.25m – to give £50k/year income @ 4% withdrawal rate.
Current FI value – £808k networth+ £466k (2xState pen £18.6k x 25) + £88k (DB pen £3.5k x 25)) = £1.363m
% to Target FI – 109.0% (109.6% last month)
Time to FI = Achieved! (achieved-April 21)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth Jan ’22 – £808,102 (Jan ’21 £815,402) -0.9% -£7,300
Assets – £993,962 (£1,002,858) -0.9% -£8,896
Cash/bank £7560 (£7527)
Main Home Q4 £490,731 (Q4 £490,731) +0% +£0
Rental Properties Q4 £202,426 (Q4 £202,426) +0% +£0
Pension SIPP £293,245 (£302,174) -3.0% -£8,929
Liabilities – £185,860 (£187,456) -0.9% -£1,596
Main Home Mortgage £79,750 (£80,100)
Loans, Debts and credit cards £106,110 (£107,456)
Overall Net Worth in February decreased by £7.3k.
Rolling year on year change in net worth from February ’21 is +£143,950 (assets +£117,913 liabilities -£26,037)
Since we began tracking in June ’18, our net worth has increased by £393k, at an average of £8.9k per month.
Property
My house price YOY change +11.24%. (Q4 2020 – Q4 2021 NW England)
The Equity in my main home is £410,981.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s February ’22 update reports annual house price growth accelerated in February to 12.6%.
The UK annual % change in house prices is +12.6%, with a UK average house price of £260k.
Dividends
SIPP Dividends paid in February were £610.
Dividends Feb 22 YTD total 996, Av. £498/m (Feb 21 ytd £831, Feb 20 ytd £731)
(Year totals –2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942, 2021 £7383)
Rolling 12m average is £628/m
Other Monthly/weekly goals
Matched Betting +£622 this month (+£206last month)
We are still mainly doing casino offers with a little normal match betting.
Total to date since starting 52m ago £14100 Av. £271/m (£13478 to last month Av. 264/m), broken down as follows.
Casino/slot offers to date £7161(6561) = +£600 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers +£22 this month
Diet and Fitness
75kg and 21% body fat . (75kg, 21% body fat last month).
I didn’t worry about what I ate this month, but continued to train 3 times per week and it seemed to make no difference to my weight.
My target is to get to 70kg and/or under 15% body fat.
eBay/selling – Nothing done this month.
Any comments/questions always welcome