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Net worth update per


This is BadKarma's #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 1,037,500 and my FI portfolio increased to NOK 194,500


Net worth

NOK 1,037,500

Since the last update on my net worth has increased with NOK 193,500 (+ 22.93 %).

FI portfolio

NOK 194,500

Since the last update on my FI portfolio has increased with NOK 15,500 (+ 8.66 %).

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 75,000 -25,000 50,000
Investments 34,000 +30,000 64,000
Retirement acc 70,000 +10,500 80,500
Real estate 2,500,000 + 200,000 2,700,000
Other assets 300,000 -50,000 250,000
Total assets 2,979,000 +165,500 3,144,500

Mortgage 2,100,000 -16,000 2,084,000
Other debt 35,000 -12,000 23,000
Total debt 2,135,000 -28,000 2,107,000
Change
Cash 75,000 -25,000 50,000
Investments 34,000 +30,000 64,000
Retirement acc 70,000 +10,500 80,500
Real estate 2,500,000 + 200,000 2,700,000
Other assets 300,000 -50,000 250,000
Total assets 2,979,000 +165,500 3,144,500

Mortgage 2,100,000 -16,000 2,084,000
Other debt 35,000 -12,000 23,000
Total debt 2,135,000 -28,000 2,107,000
Change
Cash 75,000 -25,000 50,000
Investments 34,000 +30,000 64,000
Retirement acc 70,000 +10,500 80,500
Real estate 2,500,000 + 200,000 2,700,000
Other assets 300,000 -50,000 250,000
Total assets 2,979,000 +165,500 3,144,500

Mortgage 2,100,000 -16,000 2,084,000
Other debt 35,000 -12,000 23,000
Total debt 2,135,000 -28,000 2,107,000

I am now 1.6% on my way to achive my FIRE target of NOK 12,000,000. This is 0.1 percentage points closer, compared to the last net worth update.

NOK 194,500 FIRE target: NOK 12,000,000


1.6%

FI portfolio

My FI portfolio now consists of NOK 64,000 (32.9%) in investments, NOK 80,500 (41.4%) in retirement accounts, and NOK 50,000 (25.7%) in cash.

Investments

Since my last update, my investments increased with NOK 30,000 (88.24%).

Retirement accounts

Since my last update, my retirement accounts increased with NOK 10,500 (15.0%).

Since I started tracking, my total contributions have been NOK 8,500, and my total return is NOK 23,400.




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

If I quit working today, my monthly pay out would be NOK 648 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
648/month
(4.0% SWR)
567/month
(3.5% SWR)
486/month
(3.0% SWR)


When can I retire?

FI date

My age

52

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

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 24 years and 8 months, in , and at that time I will be 52 years old.

By that time I will have invested/saved another NOK 2,156,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 9,649,500


Financial independence forecast