Greetings fellow FIRE-lings and welcome to another update 🙂
Determined not to slip behind schedule, this report covers the changes in April. Looking at the title I’m also slightly shocked to see that I’m already on report 11 – that means my first anniversary of blogging is just around the corner. How time flies when you are having fun 🙂
Before we get into some figures,
- Each Way Betting Report #9 – March: – My usual monthly summary of how each way betting fared over the month. After a stonking run, March ended up being my first meaningful losing month. I ended the month down just over £1k which, while disappointing, was short-lived as April was subsequently my best ever month with +£2,879 in profits (more about that in next months each way report). So, despite losses for March, year-to-date to the end of April, profits were still above £5k and almost £10k overall from the start way back in July. Happy days!
What else has been going on? Well, we enjoyed a short break away to Cambridge, joining up with other family members who had been renting a house in a lovely village just north of the city called Histon. If you recall, the weather was amazing over the long Easter weekend, and we had a lovely time catching up with my brother and his family who were over from Denmark.
From early May to early June all three of my children have their birthdays so things are gearing up for what feels like parties every weekend (that or planning them). If I see or hear the words Unicorn, Fairies, LOLs or slime after all these parties I think my ears will fall off. As the sole male in our household, I can only dream of a day when I can actually watch some sport on the tv and not be covered in glitter! I think a man-cave in the garden is called for 😉
Other than that, we are investigating our summer holiday options – my youngest will turn 2 in a few weeks, so I’m resigned to paying a full price seat ticket if we are brave enough to venture abroad. After 6 consecutive years of ‘staycationing’ in the UK, my wife is particularly keen to have a ‘proper holiday’ as she calls it. By that, I think she means some guaranteed weather. Cornwall is amazing (where we typically venture) but our summer weather can be unpredictable and a week of rain does little for the soul. Anyway, I’m sure we will settle on something suitable….. god knows I feel like I need a break!
Right…. enough rambling!
Net Worth Snapshot
Let’s take a look at some numbers for April and see what’s cooking. 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:
Another solid month in April bumped up the total net worth to £579,559 – a healthy increase of +2.4% (+£13,737) for the month. Excluding property, that moves things up by a slightly higher +3.5% to £345,641 (+£11,776).
Pensions and investments continued their recent good run and accounted for the bulk of this increase. Elsewhere a solid month of each way betting in April, saw me secure my highest ever recorded month of profits of +£2,879. You can read about that here. That boosted the cash & equivalents number by a decent clip and unsecured debt continues to be chipped away at.
So how does this impact the longer-term picture? Well, my total net worth now stands 15.5% higher than a year ago (+£77,637) and, excluding property, that’s an overall increase of 25.5% (+£70,189). Overall that continues to be a positive trend and these figures actually represent all-time highs which is satisfying to see 🙂
My Google Sheet kindly informs me that for every year, Net Worth (excluding property) increases by around £34,500 per year. I’ll try and keep that up or better it going forward although this is still a pretty respectable figure.
As I mentioned last month, I am in two minds whether to continue to publish these figures as they mean very little to anyone else but me. But being the perfectionist, I feel like I should at the very least complete 12 reports so you’ll see at least one more covering the month of May, posted in early June. What a nerd I am 😉
I hope you are having a great May – the sun is starting to shine and summer is just around the corner.
So that’s it from me!
Until next time!
Do you have any comments, questions or tips for me? Please let me know by leaving a comment below