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Net worth update per December 21st 2023


This is MoMoneyMoProblems's #22 net worth update. Please check out my profile here for more information. As of December 21st 2023, my net worth increased to CAD 380,100 and my FI portfolio increased to CAD 220,100


Net worth

CAD 380,100

Since the last update on November 11th 2023 my net worth has increased with CAD 12,936 (+ 3.52 %).

FI portfolio

CAD 220,100

Since the last update on November 11th 2023 my FI portfolio has increased with CAD 14,936 (+ 7.28 %).

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 CAD.
11 Nov 23 Change 21 Dec 23
Cash 9,000 +5,000 14,000
Investments 61,464 +2,886 64,350
Retirement acc 134,700 +7,050 141,750
Real estate 312,000 0 312,000
Other assets 0 0 0
Total assets 517,164 +14,936 532,100

Mortgage 149,000 -1,000 148,000
Other debt 1,000 + 3,000 4,000
Total debt 150,000 + 2,000 152,000
26 Sep 22 Change 21 Dec 23
Cash 18,000 -4,000 14,000
Investments 46,000 +18,350 64,350
Retirement acc 85,600 +56,150 141,750
Real estate 263,000 + 49,000 312,000
Other assets 0 0 0
Total assets 412,600 +119,500 532,100

Mortgage 153,000 -5,000 148,000
Other debt 0 + 4,000 4,000
Total debt 153,000 + -1,000 152,000
20 Jan 19 Change 21 Dec 23
Cash 9,000 +5,000 14,000
Investments 15,000 +49,350 64,350
Retirement acc 15,000 +126,750 141,750
Real estate 0 + 312,000 312,000
Other assets 0 0 0
Total assets 39,000 +493,100 532,100

Mortgage 0 148,000 148,000
Other debt 8,500 -4,500 4,000
Total debt 8,500 + 143,500 152,000

I am now 11.0% on my way to achive my FIRE target of CAD 2,000,000. This is 0.7 percentage points closer, compared to the last net worth update.

CAD 220,100 FIRE target: CAD 2,000,000


11.0%

FI portfolio

My FI portfolio now consists of CAD 64,350 (29.2%) in investments, CAD 141,750 (64.4%) in retirement accounts, and CAD 14,000 (6.4%) in cash.

Investments

Since my last update, my investments increased with CAD 2,886 (4.7%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 7,050 (5.23%).




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

If I quit working today, my monthly pay out would be CAD 733 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
733/month
(4.0% SWR)
641/month
(3.5% SWR)
550/month
(3.0% SWR)


When can I retire?

FI date

November 2035

My age

39

I am currently aiming to save/invest approximately CAD 7,500 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 2,000,000 in 10 years and 5 months, in November 2035, and at that time I will be 39 years old.

By that time I will have invested/saved another CAD 1,072,500, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 707,400


Financial independence forecast