This is Tom's first net worth update, hence it will be limited. Later updates will contain more details. Please check out my profile here for more information. As of , my net worth was GBP 51,000 and my FI portfolio was GBP 24,000.
I am now 4.7% on my way to achive my FIRE target of GBP 510,000.
My FI portfolio now consists of GBP 5,000 (20.8%) in investments, GBP 8,000 (33.3%) in retirement accounts, and GBP 11,000 (45.8%) in cash.
If I quit working today, my monthly pay out would be GBP 80 for the rest of my life.
I am currently aiming to save/invest
approximately GBP
625
each month.
Assuming an annual return of
6% on my investments and my retirement accounts, I
aim to reach my FIRE target
of GBP 510,000
in 20 years and 3 months,
in , and at that time I will be
53 years old.
By that time I will have invested/saved
another GBP 187,500,
while the rest will be return on my existing FI portfolio and the new
investments,
in total GBP
298,500