Net worth: $291,282!
This is my 17th net worth update. In february I had a 72,7 % savings rate!
- The blue line is the market value of my index funds: $243,653
- The orange line is the investment value of my index funds: $229,473
Because my brokerage account is in NOK and not in US Dollars, the numbers fluctuate a lot every month because of currency changes.
As you can see on the screenshot below, my portfolio was down – 5,79% in february 2020 (aprox. $13,155).
Below you can also see the funds that I’m invested in.
In total my portfolio is exposed aprox. 70 % to MSCI World and 30 % to MSCI Emerging Markets.

Income, Expenses And How Much I Can Withdraw According To The 4%-rule

- 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 $812 every month for the rest of my life
It’s motivating to see that I can safely withdraw $812 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 $500.000 USD.
This means my monthly FI money goal is $1,667 USD each month. I’m over 1/2 to my goal and it feels great!
Recently I wrote a detailed post on how I will reach a $500.000 net worth in only 2 years and 4 months.
Portfolio results for february 2020
My portfolio was down -19,9 % in february 2020. This is of course due to the USD/NOK-currency. In NOK my portfolio is down "only" -5,7%!

- Averarage expenses in 2020: $1726
- In 2019 my average expenses was: $1,646
- Average income in 2020: $5,824
- In 2019 my average income was: $5,575
- Monthly FI money as of february 2020: $812
Mortgage
We own an apartment 50/50 that has a total value of $528,000. That means my share is $264,000.
While this sounds good, my share of the mortgage is $186,991
The interest rate on the mortgage is 2,55 %.
Pension
My current pension is $58,873.
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 $43,303 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 2.57 %.
I'm not paying anything on this loan at the moment.
Stock Investing Loan
I was recently approved as a Private Banking customer at my broker Nordnet.
As a Private Banking customer you're allowed to loan $55,000 (500,000 NOK) to 2,95 interest rate.
The interest rate is 2.95 %.
I'm not paying anything on this loan at the moment.
Total Net Worth
- Index Funds: $243,653
- Mortgage: $77,009
- Pension: $58,873
- Student Loan: $-43,303
- Stock Investing Loan: $-44950

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