What goes down must go back up?
My investments in my SIPP pension pretty much went back up what they had gone down in June, just over £18k. Goes to show that just gotta keep the faith and not sell in a bear market because no one can predict what will happen.
We had another busy month again. This seems to get repetitive.
Me and Mrs FU celebrated our silver wedding anniversary, 25 years of married life together!
I surprised her with a 4 night trip to Portugal without the kids which was great. This was the first time we have had a proper childless holiday for over 20 years. The freedom was fantastic and gave us a foretaste of things to come for when we actually retire in a few years.
Feeling guilty about our child-free holiday when we got back, we booked a family holiday to Crete for the end of August which the kids are all looking forward to, as we have not had a family holiday abroad for a couple of years due to covid.
The Numbers
Original FI Target – £1.25m – to give £50k/year income @ 4% withdrawal rate.
Current FI value – £873k networth+ £481k (2xState pen £19.2k x 25) + £88k (DB pen £3.5k x 25)) = £1.443m
% to Target FI – 115.4% (113.9% last month)
Time to FI = Achieved! (achieved-April 21)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth July ’22 – £873,672 (June ’22 £854,500) +2.2% +£19,172
Assets – £1,068,467 (£1,050,021) +1.8% +£18,446
Cash/bank £7652 (£7453)
Main Home Q2 £533,323 (Q2 £533,323) +0% +£0
Rental Properties Q2 £219,996 (Q2 £219,996) +0% +£0
Pension SIPP £307,496 (£289,249) +6.3% +£18,446
Liabilities – £194,796 (£195,522) -0.4% -£725
Main Home Mortgage £78,000 (£78,350)
Loans, Debts and credit cards £116,796 (£117,172)
Overall Net Worth in June increased by £19.1k mainly due to a rise in my SIPP value.
Rolling year-on-year change in net worth from July ’21 is +£129,017 (assets +£110,631 liabilities -£18,385)
Since we began tracking in June ’18, our net worth has increased by £459k, at an average of £9.3k per month.
Property
My house price YOY change +13.33%. (Q2 2021 – Q2 2022 NW England)
The Equity in my main home is £455,323.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s July ’22 update reports annual house price growth increased in July.
The UK annual % change in house prices is +11%, with a UK average house price of £271k.
Dividends
SIPP Dividends paid in July were £746.
Dividends July 22 YTD total 5223, Av. £776/m (July 21 ytd £3848, July 20 ytd £3122)
(Year totals –2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942, 2021 £7383)
Rolling 12m average is £729/m
Other Monthly/weekly goals
Matched Betting +£78 this month (-£181 last month)
Back to a positive this month. I was getting tempted to throw in the towel but will continue for the time being now.
We are still mainly doing casino offers with a little normal match betting.
Total to date since starting 57m ago £13937 Av. £245/m (£13859 to last month Av. 247/m), broken down as follows.
Casino/slot offers to date £7016(6939) = +£78 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £0 this month
Diet and Fitness
Stayed at 74kg and 20% body fat . (75kg, 21% body fat last month).
Trying to step up my training this month.
My target is to get to 70kg and/or under 15% body fat.
eBay/selling – Nothing done this month.
Congrats on your silver anniversary!
Hope you have a lovely holiday in Crete – catch you at the next pubmeet (October?)
Thanks weenie
I think we are going to try to get to this months meet, so probably see you there