Net Worth Update: $214,551 – October 2019

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Net worth: $214,551!

This is my 11th net worth update. In september I had a 84,2 % savings rate!

By Route 2 FI

Index Funds

In the figure below you can see my index fund value as of 1. october 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.

  • The blue line is the market value of my index funds: $191,461
  • The orange line is the investment value of my index funds: $173,812

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 up + 1,50 % (aprox. $2,608).

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.

 

Since the beginning of my index investing journey (january 2018), my portfolio is up 12,44 %.

👇

My volatility for the portfolio is aprox. 11,1 % for the last 12 months.

If I were to quit investing today (which I obviously wont), I would have earned $17,649 (160,525 NOK).

👇

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 $638,2 every month for the rest of my life

It’s motivating to see that I can safely withdraw $638,2 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 aprox. 1/3 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 september 2019

My portfolio was up +1,50 % in september 2019.

  • Averarage expenses in 2019 so far: $1684,2
  • In 2018 my average expenses was: $1701
  • Average income in 2019 so far: $5080
  • In 2018 my average income was: $4313
  • Monthly FI money as of september 2019: $638,2

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 $230,004.

The interest rate on the mortgage is 2,35 %.

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 $52,133 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 2.24 %.
I'm not paying anything on this loan at the moment.

Total Net Worth

  • Index Funds: $191,461
  • Mortgage: $27,496
  • Pension: $47,727
  • Student Loan: $-52,133
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Net Worth (USD $)

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4 Replies to “Net Worth Update: $214,551 – October 2019”

  1. Nice update, but I have a question, How did you manage to reduce so much your expenses in September?

    1. route2fi says: Reply

      Hey, Rob.

      I didn’t have to pay on my mortgage this month. I’m excpecting way higher expenses this month 😉

  2. Love the updates! keep up the hard work.

    Also, love the twitter account. Very motivating!!

    -Chris
    Money Savvy Mindset

    1. route2fi says: Reply

      Thank you, Chris!! 😀

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