I thought I would have a quick look at how I’m doing with my monthly targets, especially as I have just been paid.
Net Worth (since Jan): +8.2%
Monthly Savings Rate: 64%
That’s not bad, I could do with trying to up my SR if I can, I may invest extra into my NISA. Although I may keep this back as I need to spend some money on servicing my car. I have had some good news too, other than a win on the premium bonds – only a small amount! I have a new tenant for my BTL, they have passed the financial checks and likely to move in a month after the old tenant moves out. So I will have a gap in rental income next month but it should pick up and run for the rental term.
I am also targetting my food bill this month and trying to keep it down. Food costs have been my weakness up to now. I have planted some salad and veg seeds in my garden so hopefully I can get some free food this summer to help with food bills later on this year.
Meanwhile I will continue to calculate how much I have and whether I am ‘there yet’? I could do with getting out of my job and may just pull the trigger have some time off then look for a new job in a few months. I have read posts by a few other FIers who have done the same thing, so this becomes a semi-retirement rather than a full on ‘never work again’ version.
I dont think my investments actually earn the growth rates that some seem to think they should? I need to create a spreadsheet to track the index value increases. I would then need to look at how I would identify those to sell to obtain the SWR.
I will look through some of the blog posts on other sites for advise on how they calculate returns and if my current investments are actually achieving them. I am not sure if a lot of my increase in net worth is more down to saved income than passive forms. I few of my annual tax-free savings accounts paid out this month which skews the income values for this month giving me a reasonable increase for the month as a whole.