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Net worth update per December 29th 2023


This is Chessines's #40 net worth update. Please check out my profile here for more information. As of December 29th 2023, my net worth increased to NOK 13,821,000 and my FI portfolio increased to NOK 10,019,000


Net worth

NOK 13,821,000

Since the last update on November 30th 2023 my net worth has increased with NOK 108,000 (+ 0.79 %).

FI portfolio

NOK 10,019,000

Since the last update on November 30th 2023 my FI portfolio has increased with NOK 101,000 (+ 1.02 %).

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.
30 Nov 23 Change 29 Dec 23
Cash 0 0 0
Investments 8,257,000 +25,000 8,282,000
Retirement acc 1,661,000 +76,000 1,737,000
Real estate 8,700,000 0 8,700,000
Other assets 0 0 0
Total assets 18,618,000 +101,000 18,719,000

Mortgage 4,580,000 -5,000 4,575,000
Other debt 325,000 -2,000 323,000
Total debt 4,905,000 -7,000 4,898,000
31 Dec 22 Change 29 Dec 23
Cash 0 0 0
Investments 6,065,000 +2,217,000 8,282,000
Retirement acc 1,248,000 +489,000 1,737,000
Real estate 8,000,000 + 700,000 8,700,000
Other assets 0 0 0
Total assets 15,313,000 +3,406,000 18,719,000

Mortgage 4,635,000 -60,000 4,575,000
Other debt 346,500 -23,500 323,000
Total debt 4,981,500 -83,500 4,898,000
25 Jul 20 Change 29 Dec 23
Cash 50,000 -50,000 0
Investments 2,270,000 +6,012,000 8,282,000
Retirement acc 735,000 +1,002,000 1,737,000
Real estate 5,700,000 + 3,000,000 8,700,000
Other assets 180,000 -180,000 0
Total assets 8,935,000 +9,784,000 18,719,000

Mortgage 2,385,000 2,190,000 4,575,000
Other debt 372,000 -49,000 323,000
Total debt 2,757,000 + 2,141,000 4,898,000

I am now 66.8% on my way to achive my FIRE target of NOK 15,000,000. This is 0.7 percentage points closer, compared to the last net worth update.

NOK 10,019,000 FIRE target: NOK 15,000,000


66.8%

FI portfolio

My FI portfolio now consists of NOK 8,282,000 (82.7%) in investments, NOK 1,737,000 (17.3%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments increased with NOK 25,000 (0.3%).

Since I started tracking, my total contributions have been NOK 3,545,000, and my total return has been NOK 5,062,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 76,000 (4.58%), of which NOK 7,000 was from contributions , and NOK 91,000 was from returns.

Since I started tracking, my total contributions have been NOK 480,500, and my total return is NOK 982,500.




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

If I quit working today, my monthly pay out would be NOK 33,396 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
33,396/month
(4.0% SWR)
29,222/month
(3.5% SWR)
25,047/month
(3.0% SWR)


When can I retire?

FI date

August 2028

My age

56

I am currently aiming to save/invest approximately NOK 7,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 15,000,000 in 3 years and 2 months, in August 2028, and at that time I will be 56 years old.

By that time I will have invested/saved another NOK 392,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 4,589,000


Financial independence forecast