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Net worth update per


This is Fireleap's #8 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 5,088,500 and my FI portfolio increased to NOK 2,437,500


Net worth

NOK 5,088,500

Since the last update on my net worth has decreased with NOK -30,800 ( -0.6 %).

FI portfolio

NOK 2,437,500

Since the last update on my FI portfolio has increased with NOK 9,200 (+ 0.38 %).

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 223,500 -15,000 208,500
Investments 1,832,800 +20,200 1,853,000
Retirement acc 372,000 +4,000 376,000
Real estate 6,200,000 0 6,200,000
Other assets 200,000 -43,000 157,000
Total assets 8,828,300 -33,800 8,794,500

Mortgage 3,551,000 -8,000 3,543,000
Other debt 158,000 + 5,000 163,000
Total debt 3,709,000 + -3,000 3,706,000
Change
Cash 359,000 -150,500 208,500
Investments 1,530,000 +323,000 1,853,000
Retirement acc 300,000 +76,000 376,000
Real estate 4,853,000 + 1,347,000 6,200,000
Other assets 150,000 + 7,000 157,000
Total assets 7,192,000 +1,602,500 8,794,500

Mortgage 2,721,000 822,000 3,543,000
Other debt 180,000 -17,000 163,000
Total debt 2,901,000 805,000 3,706,000
Change
Cash 359,000 -150,500 208,500
Investments 1,530,000 +323,000 1,853,000
Retirement acc 300,000 +76,000 376,000
Real estate 4,853,000 + 1,347,000 6,200,000
Other assets 150,000 + 7,000 157,000
Total assets 7,192,000 +1,602,500 8,794,500

Mortgage 2,721,000 822,000 3,543,000
Other debt 180,000 -17,000 163,000
Total debt 2,901,000 + 805,000 3,706,000

I am now 9.8% on my way to achive my FIRE target of NOK 25,000,000. This is 0.0 percentage points closer, compared to the last net worth update.

NOK 2,437,500 FIRE target: NOK 25,000,000


9.8%

FI portfolio

My FI portfolio now consists of NOK 1,853,000 (76.0%) in investments, NOK 376,000 (15.4%) in retirement accounts, and NOK 208,500 (8.6%) in cash.

Investments

Since my last update, my investments increased with NOK 20,200 (1.1%).

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 4,000 (1.08%).

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 8,125 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
8,125/month
(4.0% SWR)
7,109/month
(3.5% SWR)
6,093/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 4 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 13,202,500


Financial independence forecast