Following on from the positive tests for Covid in the FU household last month, everyone has now recovered.
The virus continues to affect our daily lives, with FU#2 being put back on furlough for the shutdown, after only recently returning from being off due to having the virus.
The kids’ school life continues to be disrupted with various periods of isolation due to infections in their bubbles.
We are getting fed up now of the whole thing and long to get back to normal.
Last month the kids were devastated to lose one of the kittens we got last year. Unfortunately, she got run over near our house. So, after much searching, they have been cheered up by a replacement kitten that we got this week.
Christmas is coming up fast so we hope next year we will get past all this.
FI Target – £1.25m to give £50k/year income @ 4% withdrawal rate.
Current FI value – £601k networth+ £455k (2xState pen £18.2k x 25) + £87k (DB pen £3.5k x 25)) = £1.14m
% to Target FI – 91.6% (90.2% last month)
Time to FI = 30 months, April 2023
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth Oct ’20 – £601,776 (Sep ’20 £584,439) +2.9% +£17,037
Assets – £820,636 (£808,305) +1.5% +£12,331
Cash/bank £6918 (£7118)
Main Home Q3 £428,068 (Q3 £428,068) +0% +£0
Rental Properties Q3 £176,578 (Q3 £176,578) +0.% +£0
Pension SIPP £209,072 (£196,451) +6.4% +£12,531
Liabilities – £219,160 (£223,866) -2.1% -£4,706
Main Home Mortgage £85,350 (£85,700)
Loans, Debts and credit cards £133,810 (£138,166)
Overall Net Worth in September has risen by a lovely £17,037.
Liabilities were down by just below £5k.
Assets increased in value by £12k due to a recent increase in my SIPP helped by a market bounce in the last few days, along with a contribution from my company. My pension is back over the 200k mark.
Rolling year on year change in net worth from October ’19 is +£67,070 (assets +£45,180, liabilities -£21,890)
Since we began tracking our net worth in June ’18 our net worth has increased by £187k, at an average of £6.6k per month.
YOY house price change +3.05%. (Q3 2019 – Q3 2020 NW England)
The Equity in my main home is £342,368.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s October ’20 update says annual house price growth reaches 5 year high.
The UK annual % change in house prices is +5.8%, with a UK average house price of £227k
SIPP Dividends paid in October were £721.
Dividends October 2020 YTD total £4830, Av. £483/m (Oct 2019 YTD £1752, Av. £175/m)
(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319)
Other Monthly/weekly goals
Matched Betting +£22 this month (-£162 last month)
Back into profit this month, but only just. We are still only doing casino offers, I just cannot get started back on normal match betting offers.
Total to date since starting 35m ago £12250 Av. £340/m (£12228 to last month Av. 364/m) means we made £22 this month, broken down as follows.
Casino/slot offers to date £5701 (5679) = +£22 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £0 profit this month
Diet and Fitness – Diet and training went out of the window this month due to covid illness. Went up to 72kg and 18% body fat (70kg, 16% body fat last month).
I’ve started back training now so trying to shift a few kg before Christmas.
My target is to get to 65kg and/or under 12% body fat.
eBay/selling – Mrs FU sold some old toys, Lego and books. Made about £50
Keep healthy and safe everyone.
Any comments/questions always welcome
Monthly Net worth since started tracking