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Net worth update per


This is BadKarma's #6 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 1,144,700 and my FI portfolio increased to NOK 323,300


Net worth

NOK 1,144,700

Since the last update on my net worth has increased with NOK 91,700 (+ 8.71 %).

FI portfolio

NOK 323,300

Since the last update on my FI portfolio has increased with NOK 69,700 (+ 27.48 %).

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 106,000 +21,000 127,000
Investments 51,000 +46,000 97,000
Retirement acc 96,600 +2,700 99,300
Real estate 2,600,000 0 2,600,000
Other assets 280,000 0 280,000
Total assets 3,133,600 +69,700 3,203,300

Mortgage 2,064,000 -5,400 2,058,600
Other debt 16,600 -16,600 0
Total debt 2,080,600 -22,000 2,058,600
Change
Cash 75,000 +52,000 127,000
Investments 34,000 +63,000 97,000
Retirement acc 70,000 +29,300 99,300
Real estate 2,500,000 + 100,000 2,600,000
Other assets 300,000 -20,000 280,000
Total assets 2,979,000 +224,300 3,203,300

Mortgage 2,100,000 -41,400 2,058,600
Other debt 35,000 -35,000 0
Total debt 2,135,000 -76,400 2,058,600
Change
Cash 75,000 +52,000 127,000
Investments 34,000 +63,000 97,000
Retirement acc 70,000 +29,300 99,300
Real estate 2,500,000 + 100,000 2,600,000
Other assets 300,000 -20,000 280,000
Total assets 2,979,000 +224,300 3,203,300

Mortgage 2,100,000 -41,400 2,058,600
Other debt 35,000 -35,000 0
Total debt 2,135,000 -76,400 2,058,600

I am now 2.7% on my way to achive my FIRE target of NOK 12,000,000. This is 0.6 percentage points closer, compared to the last net worth update.

NOK 323,300 FIRE target: NOK 12,000,000


2.7%

FI portfolio

My FI portfolio now consists of NOK 97,000 (30.0%) in investments, NOK 99,300 (30.7%) in retirement accounts, and NOK 127,000 (39.3%) in cash.

Investments

Since my last update, my investments increased with NOK 46,000 (90.2%).

Retirement accounts

Since my last update, my retirement accounts increased with NOK 2,700 (2.8%).

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 1,077 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
1,077/month
(4.0% SWR)
942/month
(3.5% SWR)
808/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 7 months, in , and at that time I will be 52 years old.

By that time I will have invested/saved another NOK 2,107,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 9,569,700


Financial independence forecast