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Net worth update per


This is BadKarma's #5 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 1,053,000 and my FI portfolio increased to NOK 253,600


Net worth

NOK 1,053,000

Since the last update on my net worth has increased with NOK 29,000 (+ 2.83 %).

FI portfolio

NOK 253,600

Since the last update on my FI portfolio has increased with NOK 19,600 (+ 8.38 %).

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 102,000 +4,000 106,000
Investments 47,000 +4,000 51,000
Retirement acc 85,000 +11,600 96,600
Real estate 2,600,000 0 2,600,000
Other assets 280,000 0 280,000
Total assets 3,114,000 +19,600 3,133,600

Mortgage 2,069,000 -5,000 2,064,000
Other debt 21,000 -4,400 16,600
Total debt 2,090,000 -9,400 2,080,600
Change
Cash 75,000 +31,000 106,000
Investments 34,000 +17,000 51,000
Retirement acc 70,000 +26,600 96,600
Real estate 2,500,000 + 100,000 2,600,000
Other assets 300,000 -20,000 280,000
Total assets 2,979,000 +154,600 3,133,600

Mortgage 2,100,000 -36,000 2,064,000
Other debt 35,000 -18,400 16,600
Total debt 2,135,000 -54,400 2,080,600
Change
Cash 75,000 +31,000 106,000
Investments 34,000 +17,000 51,000
Retirement acc 70,000 +26,600 96,600
Real estate 2,500,000 + 100,000 2,600,000
Other assets 300,000 -20,000 280,000
Total assets 2,979,000 +154,600 3,133,600

Mortgage 2,100,000 -36,000 2,064,000
Other debt 35,000 -18,400 16,600
Total debt 2,135,000 -54,400 2,080,600

I am now 2.1% on my way to achive my FIRE target of NOK 12,000,000. This is 0.2 percentage points closer, compared to the last net worth update.

NOK 253,600 FIRE target: NOK 12,000,000


2.1%

FI portfolio

My FI portfolio now consists of NOK 51,000 (20.1%) in investments, NOK 96,600 (38.1%) in retirement accounts, and NOK 106,000 (41.8%) in cash.

Investments

Since my last update, my investments increased with NOK 4,000 (8.51%).

Retirement accounts

Since my last update, my retirement accounts increased with NOK 11,600 (13.65%).

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 845 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
845/month
(4.0% SWR)
739/month
(3.5% SWR)
634/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 25 years and 0 months, in , and at that time I will be 53 years old.

By that time I will have invested/saved another NOK 2,149,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 9,597,400


Financial independence forecast