Hello and welcome to another update 🙂
I’m actually writing this on the 1st of May (to cover the month of March) so apologies for the lateness! Hopefully, you are all keeping well and enjoyed your Easter holidays!
This is going to be a very brief update mostly because not a great deal happened in March and, secondly, I have limited time to write this and we are already creeping into May. Chasing my tail as always 🙂
- Each Way Betting Report #8 – February: – My usual monthly summary of how each way betting fared over the month. February broke all records as was a month that yielded a +57% growth in my betting bank with £2,415 in net profits.
- Monthly Net Worth Update #9 – February: My usual monthly snapshot of Net Worth and the key changes/drivers over the month of February.
Net Worth Snapshot
Right, let’s take a look at some numbers for March. Below I break down my current financial assets as at the end of the month and compare these to last month totals. I also show the value from 1-year ago:
So after a relatively sideways start to 2019 – with gradually rising investment values broadly offsetting my estimation of a gradual fall in the market price of my home, March finally brought some action to the Net Worth Spreadsheet 😉
In terms of headline numbers, I closed out March with a
March is always a big financial month for me each year as its the month I usually receive my annual performance bonus. Once the tax-man takes his rather large chunk, there is still a sizeable amount left for me to try and put to work. So in March, I paid down an additional £11,881 of debt; increased my ISA by £5k, as well as keeping some back for some known expenses coming (annual insurance etc)
Also in March was the annual pension top-up from my employer. My firm pays a healthy 7.5% of salary each month as standard and then gives a one-off top-up of a further 7.5% at the end of the tax year (totalling 15% pension contribution). So the pension pot received a welcome £18,700 increase for the month.
So how does this impact the longer-term picture? Well, my total net worth now stands 15.5% higher than a year ago (+£75,923) and, excluding property, that’s an overall increase of 24.5% (+£65,712). Overall that continues to be a positive trend.
It has been roughly 1-year since I really started to embrace the FIRE concepts properly. I’ve always tried to be good with budgeting and the like, but the last 12-months have certainly seen a more focused effort.
Looking back over the 1-year numbers, therefore, is quite powerful. I’ve righted some wrongs and made progress in other areas. There is still much to do and
In terms of reporting Net Worth going forward, I am in two minds whether to continue to publish these figures. Of course, it is highly valuable to me as a means to measure my own progress, but my Net Worth will mean very little to anyone else – everyone is on their own journey and all that and it is such an individual thing. But let me know your thoughts on this.
So that’s about me for now.
Until next time!
Do you have any comments, questions or tips for me? Please let me know by leaving a comment below