This is sommers'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 AUD 13,169 and my FI portfolio was AUD 49,498.
I am now 2.0% on my way to achive my FIRE target of AUD 2,500,000.
My FI portfolio now consists of AUD 9,076 (18.3%) in investments, AUD 2,020 (4.1%) in retirement accounts, and AUD 38,402 (77.6%) in cash.
If I quit working today, my monthly pay out would be AUD 164 for the rest of my life.
I am currently aiming to save/invest
approximately AUD
1,833
each month.
Assuming an annual return of
10% on my investments and my retirement accounts, I
aim to reach my FIRE target
of AUD 2,500,000
in 20 years and 8 months,
in , and at that time I will be
47 years old.
By that time I will have invested/saved
another AUD 538,902,
while the rest will be return on my existing FI portfolio and the new
investments,
in total AUD
1,911,600