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Net worth update per


This is BadKarma's #3 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 987,000 and my FI portfolio increased to NOK 203,000


Net worth

NOK 987,000

Since the last update on my net worth has decreased with NOK -50,500 ( -4.87 %).

FI portfolio

NOK 203,000

Since the last update on my FI portfolio has increased with NOK 8,500 (+ 4.37 %).

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 50,000 +10,000 60,000
Investments 64,000 -10,000 54,000
Retirement acc 80,500 +8,500 89,000
Real estate 2,700,000 -100,000 2,600,000
Other assets 250,000 + 30,000 280,000
Total assets 3,144,500 -61,500 3,083,000

Mortgage 2,084,000 -10,000 2,074,000
Other debt 23,000 -1,000 22,000
Total debt 2,107,000 -11,000 2,096,000
Change
Cash 75,000 -15,000 60,000
Investments 34,000 +20,000 54,000
Retirement acc 70,000 +19,000 89,000
Real estate 2,500,000 + 100,000 2,600,000
Other assets 300,000 -20,000 280,000
Total assets 2,979,000 +104,000 3,083,000

Mortgage 2,100,000 -26,000 2,074,000
Other debt 35,000 -13,000 22,000
Total debt 2,135,000 -39,000 2,096,000
Change
Cash 75,000 -15,000 60,000
Investments 34,000 +20,000 54,000
Retirement acc 70,000 +19,000 89,000
Real estate 2,500,000 + 100,000 2,600,000
Other assets 300,000 -20,000 280,000
Total assets 2,979,000 +104,000 3,083,000

Mortgage 2,100,000 -26,000 2,074,000
Other debt 35,000 -13,000 22,000
Total debt 2,135,000 -39,000 2,096,000

I am now 1.7% 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 203,000 FIRE target: NOK 12,000,000


1.7%

FI portfolio

My FI portfolio now consists of NOK 54,000 (26.6%) in investments, NOK 89,000 (43.8%) in retirement accounts, and NOK 60,000 (29.6%) in cash.

Investments

Since my last update, my investments decreased with NOK -10,000 (-15.62%).

Retirement accounts

Since my last update, my retirement accounts increased with NOK 8,500 (10.56%).

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 676 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
676/month
(4.0% SWR)
592/month
(3.5% SWR)
507/month
(3.0% SWR)


When can I retire?

FI date

My age

53

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 10 months, in , and at that time I will be 53 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 9,641,000


Financial independence forecast