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Net worth update per


This is BadKarma's #7 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 1,010,000 and my FI portfolio increased to NOK 532,700


Net worth

NOK 1,010,000

Since the last update on my net worth has decreased with NOK -134,700 ( -11.77 %).

FI portfolio

NOK 532,700

Since the last update on my FI portfolio has increased with NOK 209,400 (+ 64.77 %).

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 127,000 +223,000 350,000
Investments 97,000 -16,200 80,800
Retirement acc 99,300 +2,600 101,900
Real estate 2,600,000 + 2,120,000 4,720,000
Other assets 280,000 -35,000 245,000
Total assets 3,203,300 +2,294,400 5,497,700

Mortgage 2,058,600 2,429,100 4,487,700
Other debt 0 0 0
Total debt 2,058,600 2,429,100 4,487,700
Change
Cash 127,000 +223,000 350,000
Investments 97,000 -16,200 80,800
Retirement acc 99,300 +2,600 101,900
Real estate 2,600,000 + 2,120,000 4,720,000
Other assets 280,000 -35,000 245,000
Total assets 3,203,300 +2,294,400 5,497,700

Mortgage 2,058,600 2,429,100 4,487,700
Other debt 0 0 0
Total debt 2,058,600 2,429,100 4,487,700
Change
Cash 75,000 +275,000 350,000
Investments 34,000 +46,800 80,800
Retirement acc 70,000 +31,900 101,900
Real estate 2,500,000 + 2,220,000 4,720,000
Other assets 300,000 -55,000 245,000
Total assets 2,979,000 +2,518,700 5,497,700

Mortgage 2,100,000 2,387,700 4,487,700
Other debt 35,000 -35,000 0
Total debt 2,135,000 + 2,352,700 4,487,700

I am now 4.4% on my way to achive my FIRE target of NOK 12,000,000. This is 1.7 percentage points closer, compared to the last net worth update.

NOK 532,700 FIRE target: NOK 12,000,000


4.4%

FI portfolio

My FI portfolio now consists of NOK 80,800 (15.2%) in investments, NOK 101,900 (19.1%) in retirement accounts, and NOK 350,000 (65.7%) in cash.

Investments

Since my last update, my investments decreased with NOK -16,200 (-16.7%).

Retirement accounts

Since my last update, my retirement accounts increased with NOK 2,600 (2.62%).

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 1,775 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
1,775/month
(4.0% SWR)
1,553/month
(3.5% SWR)
1,331/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 2,093,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 9,374,300


Financial independence forecast