This is Phillip'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 EUR 122,000 and my FI portfolio was EUR 122,000.
I am now 24.4% on my way to achive my FIRE target of EUR 500,000.
My FI portfolio now consists of EUR 118,000 (96.7%) in investments, and EUR 4,000 (3.3%) in cash.
If I quit working today, my monthly pay out would be EUR 406 for the rest of my life.
I am currently aiming to save/invest
approximately EUR
1,200
each month.
Assuming an annual return of
8% on my investments and my retirement accounts, I
aim to reach my FIRE target
of EUR 500,000
in 7 years and 0 months,
in , and at that time I will be
31 years old.
By that time I will have invested/saved
another EUR 147,600,
while the rest will be return on my existing FI portfolio and the new
investments,
in total EUR
230,400