Net Worth & Freedom Fund - June 2015

Freedom Fund

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. 

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 3oth June 2015. 

Freedom Fund
H&L ISA£23,145.06
iWeb ISA£2,490.54
iWeb CMI£6,663.66
Peer to Peer Lending£86.76
Freedom Fund£32,386.02
% of Goal12.95

My 2015 Freedom Fund Goal is £50,000 (20% of Target)

My FF at the start of January was worth £25,030.75. After the first half of the year, it's now increased to £32,386.02 (29.3% increase). Most of the Dividend Investors will be experiencing lower portfolios with the drop of the FTSE 100 and All Share. I'm pleased with the increase overall, but I'm not making the level of progression I need to hit my 2015 Goal currently. I'm currently averaging an increase of £1,222 per month and if I continue with this amount for 6 months I'll finish the year on £39,718. 

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. In reality, I won't be investing vast suns of my Kindle income into shares as I want to keep money to further invest into Kindle and the rest will be on stand by as I make the transition into self employment. 

Net Worth

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 Lou'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.

Net Worth
Freedom Fund£32,386.02
Company Pension£8,182.19
Cash Saving£3,408.72
Home Equity£21,383.88
Student Loan-£5,185.57
Net Worth£60,175.24

My 2015 Net Worth Goal is £80,000 

My Net Worth at the start of January 2015 was £52,315.10. After 6 months, it's now increased to £60,175.24 (15% increase). 

In the minimal time I've been tracking my NW (7 months), my monthly average increase is £1,294.50. If I carry on with this level of increase, I'll be on £67,942.24 at the end of December, which will put me short of my £80,000 target. 

Freedom Fund / Net Worth Tracker 

2015Freedom FundNet Worth
2015 Goals£50,000£80,000

How was June for you? Are you on your way to hitting your goals this year?

Labels: ,