Fireleap.com is a net worth tracking app that let's everyone track their finances in public. Sign up to join us!

Net worth update per October 5th 2024


This is MoMoneyMoProblems's #25 net worth update. Please check out my profile here for more information. As of October 5th 2024, my net worth increased to CAD 502,545 and my FI portfolio increased to CAD 307,500


Net worth

CAD 502,545

Since the last update on May 13th 2024 my net worth has increased with CAD 49,046 (+ 10.82 %).

FI portfolio

CAD 307,500

Since the last update on May 13th 2024 my FI portfolio has increased with CAD 38,327 (+ 14.24 %).

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.
13 May 24 Change 5 Oct 24
Cash 15,000 +1,300 16,300
Investments 79,173 +11,827 91,000
Retirement acc 175,000 +25,200 200,200
Real estate 323,559 + 13,941 337,500
Other assets 0 0 0
Total assets 592,732 +52,268 645,000

Mortgage 137,733 -3,778 133,955
Other debt 1,500 + 7,000 8,500
Total debt 139,233 + 3,222 142,455
21 Dec 23 Change 5 Oct 24
Cash 14,000 +2,300 16,300
Investments 64,350 +26,650 91,000
Retirement acc 141,750 +58,450 200,200
Real estate 312,000 + 25,500 337,500
Other assets 0 0 0
Total assets 532,100 +112,900 645,000

Mortgage 148,000 -14,045 133,955
Other debt 4,000 + 4,500 8,500
Total debt 152,000 + -9,545 142,455
20 Jan 19 Change 5 Oct 24
Cash 9,000 +7,300 16,300
Investments 15,000 +76,000 91,000
Retirement acc 15,000 +185,200 200,200
Real estate 0 + 337,500 337,500
Other assets 0 0 0
Total assets 39,000 +606,000 645,000

Mortgage 0 133,955 133,955
Other debt 8,500 0 8,500
Total debt 8,500 + 133,955 142,455

I am now 20.5% on my way to achive my FIRE target of CAD 1,500,000. This is 2.6 percentage points closer, compared to the last net worth update.

CAD 307,500 FIRE target: CAD 1,500,000


20.5%

FI portfolio

My FI portfolio now consists of CAD 91,000 (29.6%) in investments, CAD 200,200 (65.1%) in retirement accounts, and CAD 16,300 (5.3%) in cash.

Investments

Since my last update, my investments increased with CAD 11,827 (14.94%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 25,200 (14.4%).




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

If I quit working today, my monthly pay out would be CAD 1,025 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
1,025/month
(4.0% SWR)
896/month
(3.5% SWR)
768/month
(3.0% SWR)


When can I retire?

FI date

May 2036

My age

40

I am currently aiming to save/invest approximately CAD 4,500 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,500,000 in 10 years and 11 months, in May 2036, and at that time I will be 40 years old.

By that time I will have invested/saved another CAD 625,500, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 567,000


Financial independence forecast