By Route 2 FI
Index Funds
In the figure below you can see my index fund value as of 1. july 2019.
I sold my apartment in july 2018 (and then bought a new one 50/50 with my fiancee). That was when I got serious with my investing.
A small part of my portfolio is at the moment leveraged (aprox 1,6 %).
- The blue line is the market value of my index funds: $170,966
- The orange line is the investment value of my index funds: $168,214
The interest rate I got for this leveraged stock loan is now raised from 2,19 % to 2,95 %, and I’m now trying to get rid of my stock loan because of increased interest rate.
- The figure above shows the connection between my income (orange), expenses (blue) and monthly FI money according to the 4% rule
- As a result I will become financial independent when the blue and red line crosses each other.
- If I quit my job today and never took a paid job again - my monthly FI money would pay out $569,9 every month for the rest of my life
- My income raised like a star this month due to "vacation money". I earned a whopping $7,257 this month!
It’s motivating to see that I can safely withdraw $569,9 every month for the rest of my life.
I will do everything I can to raise this dollar amount in the future. As you all know my goal is to save up 600.000 USD.
This means my monthly FI money goal is $2,000 USD each month. I’m over 1/4 to my goal and it feels great!
Recently I wrote a detailed post on how I will reach a 600.000 $ net worth in only 5 years.
Portfolio results for june 2019
My portfolio was up 1,93 % in june 2019 (my portfolio consists of aprox.
70 % MSCI World and 30 % MSCI Emerging Markets).
- Averarage expenses in 2019 so far: $1793,6
- In 2018 my average expenses was: $1701
- Average income in 2019 so far: $5120,1
- In 2018 my average income was: $4313
- Monthly FI money as of june 2019: $569,9
Mortgage
We own an apartment 50/50 that has a total value of $515,000. That means my share is $257,500.
While this sounds good, my share of the mortgage is $230,390.
The interest rate on the mortgage is 2,10 %.
Pension
My current pension is 47.727 $.
I recently found out that I had a pension plan in a job I had as a teenager as well. Pension is a really iliquid asset class, because I can't withdraw the amount before I'm 62 years old.
Student loan
After nine years with different studies I got $55,243 in student loans.
In Norway the university has no fees, so this is a loan covering basic living expenses while you're at the studies.
The interest rate is 2.2 %.
I'm not paying anything on this loan at the moment.
Stock Loan
My stock loan, which I consider good debt (2,19 % interest rate) is currently at $2,753.
Total Net Worth
- Index Funds: $170,966
- Mortgage: $27,110
- Pension: $47,727
- Student Loan: $-55,243
- Stock Loan: $-2,753
Is it possible with a net worth of $200,000 next month?
Time will show!
Spread the word
Great savings rate. My June was a little boring and my first financial update, but I will for sure step it up in the months to come.
For those who care, this was my June https://10yeartarget.com/financial-status-june-2019/
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Just to get a sense of the number and your lifestyle, where are you based in?
HEy, mate.
I’m based in Norway.
And you? 🙂
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