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
Related posts:
Net Worth Update #4 – March 2019
Net Worth Update #7 – June 2019
Net Worth Update: $203,394 – August 2019
The Easy Way To Become Insanely Rich
24 Powerful Lessons That Will Change Your Life
Want To Get Financial Independent Fast? Use Leverage To Your Stock Portfolio!
FUCK the 4 % rule – My Detailed Plan For How I Will Become Financial Independent In Only 5 Years!
July 2019 Income & Expenses – Savings Rate: 64,9 % !
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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