The accounts below generate income for me, and my long term goal is for that income to increase to a level that covers my expenses on an annual basis. The amounts display the current value, not the cost.
- My expenses are currently approximately £10,000 per year (£833 per month).
- The average yield from my dividends is currently over 5%. To be conservative, I've based my Freedom Fund's yield on 4%.
In order to cover my expenses, I will need a portfolio worth £250,000. This will generate £10,000 a year of income. My goal is to achieve all of this by my 40th birthday which is 5/11/22.
The numbers in the tables below were accurate as of 28th February 2015.
|Stocks & Shares NISA||£24,037.43|
|Taxable Shares Account||£7,120.28|
|Peer to Peer Lending||£107.34|
|% of Goal||12.51|
My 2015 Freedom Fund Goal is £50,000 (20% of Target)
My Net Worth includes the Freedom Fund, Company Pension, Cash Savings, and my Home Equity*. It doesn't include valuables within the house, my car, joint accounts or any of Miss FFBF's possessions and home equity. My Net Worth is funded solely by me.
My only liability outside of my mortgage is the Student Loan.
*My Home equity is calculated by an estimate of our house price (reviewed monthly), minus the size of the mortgage (also reviewed monthly), and dividing my share of the home equity.
My 2015 Net Worth Goal is £80,000
Freedom Fund / Net Worth Tracker
|2014||Freedom Fund||Net Worth|
|2015||Freedom Fund||Net Worth|
How did you start 2015? Are you on your way to hitting your goals this year?
Labels: Freedom Fund / Net Worth