September ’21 – Net Worth and monthly update #38 £760,644 (+£4,787) 105% FI

Another late update this month.

I can’t believe we are over halfway through the month already with Christmas looming ominously close.

We’ve done a quite a few things over the last month or two, though as is the case, I can’t remember them when I come to do my monthly update.

The ones I can remember are a meal out in Manchester followed by the Manchester FIRE meetup. We also had a family trip out to York on the train using some bargain tickets. Mrs Fu had an all expenses paid trip to London with a journalist friend who was reviewing a £500/night fancy hotel. Me and Mrs Fu continue to have a weekly date night, continuing the theme of relaxing our frugality reins.

This month we also bought a second hand electric vehicle to do the general running around. We do a lot of ferrying the kids to school and all their various activities and probably save around £50/week in fuel costs now.

With respect to my net worth, last months gains in the stock market were reversed this month, with rising house prices since Q2 and debt paydown taking up the slack.

The Numbers

Original FI Target – £1.25m – to give £50k/year income @ 4% withdrawal rate.

Current FI value – £760k networth+ £466k (2xState pen £18.6k x 25) + £88k (DB pen £3.5k x 25)) = £1.315m

% to Target FI – 105.2% (104.9% last month)

Time to FI = Achieved! (achieved-April 21)

MONTHLY UPDATE AND GOALS

Last months figures in brackets

Net Worth Sep ’21 – £760,644 (Aug ’21 £755,857) +0.6% +£4,787

Assets – £967,802 (£967,646) +0.0% +£156

Cash/bank £6526 (£5739)

Main Home Q3 £477,066 (Q2 £470,594) +1.4% +£6,472

Rental Properties Q3 £196,790 (Q2 £194,120) +1.4% +£2,670

Pension SIPP £287,420 (£297,193) -3.3% -£9,773

Liabilities – £207,158 (£212,139) -2.2% -£4,631

Main Home Mortgage £81,500 (£81,850)

Loans, Debts and credit cards £125,658 (£129,939)

Overall Net Worth in September increased by £4.7k, due to rising house prices and lower liabilities as I paid off a loan.

Rolling year on year change in net worth from September ’20 is +£176,205 (assets +£159,497 , liabilities -£16,708)

Since we began tracking our net worth in June ’18, our net worth has increased by £346k, at an average of £8.8k per month.

Property

My house price YOY change +11.4%. (Q3 2020 – Q3 2021 NW England)

The Equity in my main home is £395,566.

Main home and rental property values are calculated using the Nationwide House price index.

Nationwide’s September ’21 update reports house price growth slowed but annual growth is still in the double digits.

The UK annual % change in house prices is +10%, with a UK average house price of £248k.

Dividends

SIPP Dividends paid in September were £789.

Dividends Sept 21 YTD total £5335, Av. £593/m (Sep 20 ytd £4109, Sep 19 ytd £1515)

(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942)

Other Monthly/weekly goals

Matched Betting +£160 this month (-£4 last month)

Back to winning ways but I have not been doing as much lately as my interest seems to have waned. We are still mainly doing casino offers with a touch of normal match betting.

Total to date since starting 47m ago £13134 Av. £279/m (£12974 to last month Av. 282/m), broken down as follows.

Casino/slot offers to date £6340(6340) = +£134 this month

Each way sniping to date £625 (£625) = £0 this month

Normal match betting offers £26 this month

Diet and Fitness

Stayed 74kg and 19% body fat. (74kg, 19% 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.

I am going to try some longer fasts (48-72hr) this month to try and get my body fat % down.

eBay/selling – Nothing done this month.

Any comments/questions always welcome

Monthly Net worth since started tracking