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 30th April 2015.
|Peer to Peer Lending||£85.58|
|% of Goal||12.85|
My 2015 Freedom Fund Goal is £50,000 (20% of Target)
My Freedom Fund is back on track this month, and at an all time high. I bought shares in Amlin, received substantial dividends, and benefited from a minor increase in the market for my stock.
My FF at the start of January was worth £25,030.75. After 4 months it's increased to £32,116.30 (28.3% increase). I'm delighted with this increase, but if I were to carry on at this level I would fall short of my £50,000 Goal. I'm currently averaging an increase of £1,771 per month and if I continue with this amount for 8 months I'll finish the year on £46,287.
My Kindle income is increasing each month and I'm hoping that this will significantly increase my contributions in the second half of the year and help me hit the £50,000 total I'm after.
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
My Net Worth at the start of January 2015 was £52,315.10. After 4 months, it's now increased to £59,456.71 (13.7% increase).
In the minimal time I've been tracking my NW (5 months), my monthly average increase is £1,668. If I carry on with this level of increase, I'll be on £72,800 at the end of December, which will put me short of my £80,000 target. I need to increase my average to £2,567 for 8 months to hit my desired total.
Freedom Fund / Net Worth Tracker