A late net worth update this month due to holidays and work getting in the way.
We had a great holiday in Bournemouth in July and we timed it just right for the heatwave, it was like being abroad. The kids loved it on the beach and swimming in the sea. Our hotel was minutes walk away from the beach so we made the most of it and generally just chilled out everyday. The only bit of sightseeing we did was on the way home via Stonehenge and Avebury stone circle.
Fu#3 has now got his GCSE results and he has done really well. He achieved 10 in total, all being A’s and B’s in old money. The numbering system of grades is still confusing and totally pointless in my opinion.
Me and Mrs Fu have been busy at work following our holiday away. We are going to try to get a few more days out with the kids before the summer holidays end and they go back to school.
FI Target – £1.25m to give £50k/year income @ 4% withdrawal rate.
Current FI value – £744k networth+ £466k (2xState pen £18.6k x 25) + £88k (DB pen £3.5k x 25)) = £1.299m
% to Target FI – 104.0% (103.7% last month)
Time to FI = Achieved! (achieved-April 21)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth July ’21 – £744,645 (Jun ’21 £741,385) +0.4% +£3,270
Assets – £957,836 (£956,494) +0.1% +£1,342
Cash/bank £5684 (£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 £287,438 (£286,096) +0.5% +£1,342
Liabilities – £213,181 (£215,109) -0.9% -£1,928
Main Home Mortgage £82,200 (£82,550)
Loans, Debts and credit cards £130,981 (£132,559)
Overall Net Worth in July increased by £3.2k, the stock market staying relatively flat.
Rolling year on year change in net worth from Jul ’20 is +£175,927 (assets +£161,140 , liabilities -£14,787)
Since we began tracking our net worth in June ’18, our net worth has increased by £330k, at an average of £8.9k per month.
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.
The UK annual % change in house prices is +10.5%, with a UK average house price of £244k.
SIPP Dividends paid in July were £508.
Dividends Jul 21 YTD total £3848, Av. £550/m (Jul 20 ytd £3122, Jul 19 ytd £1050)
(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942)
Other Monthly/weekly goals
Matched Betting –£112 this month (+£142 last month)
£112 loss this month. We are still mainly doing casino offers.
Total to date since starting 45m ago £12978 Av. £288/m (£13090 to last month Av. 297/m), broken down as follows.
Casino/slot offers to date £6344(6636) = -£92 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £20 loss this month
Diet and Fitness – Went up to 74kg and 19% body fat, probably due to eating moreon holiday (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.
eBay/selling – Nothing much done this month.
Any comments/questions always welcome
Monthly Net worth since started tracking