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Net worth update per July 31st 2023


This is TrafficLightTree's #7 net worth update. Please check out my profile here for more information. As of July 31st 2023, my net worth increased to GBP 22,190 and my FI portfolio increased to GBP 22,082


Net worth

GBP 22,190

Since the last update on June 30th 2023 my net worth has increased with GBP 322 (+ 1.47 %).

FI portfolio

GBP 22,082

Since the last update on June 30th 2023 my FI portfolio has increased with GBP 235 (+ 1.08 %).

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 GBP.
30 Jun 23 Change 31 Jul 23
Cash 14,244 -323 13,921
Investments 0 0 0
Retirement acc 7,603 +558 8,161
Real estate 0 0 0
Other assets 1,673 0 1,673
Total assets 23,520 +235 23,755

Mortgage 0 0 0
Other debt 1,652 -87 1,565
Total debt 1,652 -87 1,565
31 Jan 23 Change 31 Jul 23
Cash 13,279 +642 13,921
Investments 0 0 0
Retirement acc 5,126 +3,035 8,161
Real estate 0 0 0
Other assets 1,673 0 1,673
Total assets 20,078 +3,677 23,755

Mortgage 0 0 0
Other debt 0 + 1,565 1,565
Total debt 0 + 1,565 1,565
31 Jan 23 Change 31 Jul 23
Cash 13,279 +642 13,921
Investments 0 0 0
Retirement acc 5,126 +3,035 8,161
Real estate 0 0 0
Other assets 1,673 0 1,673
Total assets 20,078 +3,677 23,755

Mortgage 0 0 0
Other debt 0 + 1,565 1,565
Total debt 0 + 1,565 1,565

I am now 2.8% on my way to achive my FIRE target of GBP 800,000. This is 0.0 percentage points closer, compared to the last net worth update.

GBP 22,082 FIRE target: GBP 800,000


2.8%

FI portfolio

My FI portfolio now consists of GBP 8,161 (37.0%) in retirement accounts, and GBP 13,921 (63.0%) in cash.

Investments

Since my last update, my investments decreased with GBP 0 (0%).

Since I started tracking, my total contributions have been GBP 3,000, and my total return has been GBP -1,059.

Retirement accounts

Since my last update, my retirement accounts increased with GBP 558 (7.34%), of which GBP 2,000 was from contributions , and GBP 2,342 was from returns.

Since I started tracking, my total contributions have been GBP 31,732, and my total return is GBP 5,103.




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

If I quit working today, my monthly pay out would be GBP 73 for the rest of my life.


Monthly SWR amount
Retire today with (GBP)
73/month
(4.0% SWR)
64/month
(3.5% SWR)
55/month
(3.0% SWR)


When can I retire?

FI date

December 2029

My age

29

I am currently aiming to save/invest approximately GBP 8,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of GBP 800,000 in 4 years and 6 months, in December 2029, and at that time I will be 29 years old.

By that time I will have invested/saved another GBP 616,000, while the rest will be return on my existing FI portfolio and the new investments, in total GBP 161,918


Financial independence forecast