Another quick update this month.
May has been a busy month but we managed to go to a festival on the Jubilee weekend, other than that we have just been busy doing our day to day things.
The markets continue to go down, but my SIPP hasn’t been too badly affected so I am not worried about it.
The Numbers
Original FI Target – £1.25m – to give £50k/year income @ 4% withdrawal rate.
Current FI value – £843k networth+ £481k (2xState pen £19.2k x 25) + £88k (DB pen £3.5k x 25)) = £1.413m
% to Target FI – 113.0% (113.3% last month)
Time to FI = Achieved! (achieved-April 21)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth May ’22 – £843,734 (April ’22 £846,922) -0.4% -£3,188
Assets – £1,034,808 (£1,039,067) -0.4% -£4,259
Cash/bank £7534 (£7551)
Main Home Q1 £509,944 (Q1 £509,944) +0% +£0
Rental Properties Q1 £210,352 (Q1 £210,352) +0% +£0
Pension SIPP £306,978 (£311,220) -1.4% -£4,242
Liabilities – £191,094 (£192,145) -0.6% -£1,071
Main Home Mortgage £78,700 (£79,050)
Loans, Debts and credit cards £112,374 (£113,095)
Overall Net Worth in April decreased by £3.1k due to a fall in the value of my SIPP.
Rolling year on year change in net worth from May ’21 is +£135,079 (assets +£109,304 liabilities -£25,755)
Since we began tracking in June ’18, our net worth has increased by £429k, at an average of £9.1k per month.
Property
My house price YOY change +12.37%. (Q1 2021 – Q1 2022 NW England)
The Equity in my main home is £431,244.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s May ’22 update reports annual house price growth slows in May again but is still in double digits.
The UK annual % change in house prices is +11.2%, with a UK average house price of £269k.
Dividends
SIPP Dividends paid in May were £1069.
Dividends May 22 YTD total 3063, Av. £613/m (May 21 ytd £2445, May 20 ytd £2117)
(Year totals –2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942, 2021 £7383)
Rolling 12m average is £663/m
Other Monthly/weekly goals
Matched Betting –£186 this month (-£177 last month)
Another loss this month. We are on a bad run at the minute.
We are still mainly doing casino offers with a little normal match betting.
Total to date since starting 55m ago £14040 Av. £255/m (£14226 to last month Av. 263/m), broken down as follows.
Casino/slot offers to date £7120(7306) = -£186 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £0 this month
Diet and Fitness
Went down to 76kg and 22% body fat . (77kg, 23% body fat last month).
Haven’t really done much training but have been busy at work.
My target is to get to 70kg and/or under 15% body fat.
eBay/selling – Nothing done this month.
Any comments/questions always welcome