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Net worth update per


This is Fireleap's #7 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 5,119,300 and my FI portfolio decreased to NOK 2,428,300


Net worth

NOK 5,119,300

Since the last update on my net worth has increased with NOK 15,300 (+ 0.3 %).

FI portfolio

NOK 2,428,300

Since the last update on my FI portfolio has decreased with NOK -537,700 ( -18.13 %).

The per-day change in net worth between the reported periods are shown in the plot below.


And the development and changes between each net worth reporting is shown in the tables below.

Net worth
FI portfolio

The changes for each asset class is shown in the table below. All numbers are in NOK.
Change
Cash 866,000 -642,500 223,500
Investments 1,741,000 +91,800 1,832,800
Retirement acc 359,000 +13,000 372,000
Real estate 4,894,000 + 1,306,000 6,200,000
Other assets 200,000 0 200,000
Total assets 8,060,000 +768,300 8,828,300

Mortgage 2,791,000 760,000 3,551,000
Other debt 165,000 -7,000 158,000
Total debt 2,956,000 753,000 3,709,000
Change
Cash 359,000 -135,500 223,500
Investments 1,530,000 +302,800 1,832,800
Retirement acc 300,000 +72,000 372,000
Real estate 4,853,000 + 1,347,000 6,200,000
Other assets 150,000 + 50,000 200,000
Total assets 7,192,000 +1,636,300 8,828,300

Mortgage 2,721,000 830,000 3,551,000
Other debt 180,000 -22,000 158,000
Total debt 2,901,000 808,000 3,709,000
Change
Cash 359,000 -135,500 223,500
Investments 1,530,000 +302,800 1,832,800
Retirement acc 300,000 +72,000 372,000
Real estate 4,853,000 + 1,347,000 6,200,000
Other assets 150,000 + 50,000 200,000
Total assets 7,192,000 +1,636,300 8,828,300

Mortgage 2,721,000 830,000 3,551,000
Other debt 180,000 -22,000 158,000
Total debt 2,901,000 + 808,000 3,709,000

I am now 9.7% on my way to achive my FIRE target of NOK 25,000,000. This is -2.2 percentage points closer, compared to the last net worth update.

NOK 2,428,300 FIRE target: NOK 25,000,000


9.7%

FI portfolio

My FI portfolio now consists of NOK 1,832,800 (75.5%) in investments, NOK 372,000 (15.3%) in retirement accounts, and NOK 223,500 (9.2%) in cash.

Investments

Since my last update, my investments increased with NOK 91,800 (5.27%).

Since I started tracking, my total contributions have been NOK 34,000, and my total return has been NOK 5,186,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 13,000 (3.62%).

Since I started tracking, my total contributions have been NOK 271,200, and my total return is NOK 540,800.




How much can I withdraw according to the 4%-rule?

If I quit working today, my monthly pay out would be NOK 8,094 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
8,094/month
(4.0% SWR)
7,082/month
(3.5% SWR)
6,070/month
(3.0% SWR)


When can I retire?

FI date

My age

48

I am currently aiming to save/invest approximately NOK 60,000 each month.

Assuming an annual return of 9% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 25,000,000 in 8 years and 3 months, in , and at that time I will be 48 years old.

By that time I will have invested/saved another NOK 9,360,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 13,211,700


Financial independence forecast