Net Worth starting point

Just a quick post today – I finally got around to working out my current net worth, which I’ll need going forward to see how I’m tracking for both FI and for the 2019-20FY Savings Rate Challenge (aka The Year of Living (Somewhat) Frugally). Thank you to Aussie Firebug for kindly sharing his Net Worth tracking spreadsheet. I’m going to stick with percentages rather than dollar figures here, primarily for privacy/security reasons.

Although I’m not sharing the actual $$$ figures here, it was a pleasant surprise to realise that I’m hardly destitute, even given the fact that 95% of my assets are either not overly liquid or not accessible until I’m 60. I’m happy with this as a starting point, anyway. For the curious, the PPOR (principal place of residence) figure is from, and I’m using the lowest estimate to keep things conservative and provide a ‘safety buffer’. If I was to use the highest estimate, the figures would change to PPOR 50%, Super 46%, Shares 1%, and Cash would stay the same.

6 thoughts on “Net Worth starting point

  1. Hey, congratulations on your super being worth more than your house!
    It all goes to show what compounding can do.
    I look at my net worth on the last day of each month. I just whack all the totals on a chart. It’s interesting to see the ups and downs.

    Liked by 1 person

    1. Ha ha – I’m afraid it’s probably less impressive than it first appears! Property values in the outer suburbs of BrisVegas have nothing on values in Sydney and Melbourne. Plus it’s also ‘estimated value less debt’. If I just looked at (conservative) estimated value, the PPOR and my super would be fairly close in value.


  2. Hey FIREforOne,

    Great work getting the current net worth calc up and running – and also for launching the blog! Everyone has to start somewhere, and it’s never too late!

    What will your focus be on growing the portfolio? I assume you’re looking to boost that share balance? (apologies I haven’t read any earlier posts yet if you’ve already talked about this somewhere…)

    Cheers, Frankie


    1. Thanks, Frankie! I’ve checked out your blog, too, by the way (reminder to self – add to the Blogroll); I like the use of the characters to focus on the different investing perspectives.

      My shares are actually just some speculative small caps that I picked up over the past couple of years, when I subscribed to some investing newsletters. I’m in the process of trying to decide whether I’m best off pumping more into super at the moment, as that’s the most tax-efficient option (and the State government super fund is actually pretty good). Being in my early 50s, FIRE might look more like actually being able to retire at 65 rather than my early 70s – my mum only retired at 73, and I already know I don’t want to work that long, especially if I don’t have to. I’m still in the process of starting to look at some projections of where I might be if I take different approaches. And I want to take advantage of the low interest rates at the moment to smash my mortgage over the next few years. I really wish I’d known about FIRE twenty years ago – although without the internet I would never have discovered it, and I think you would’ve been hard-pressed to find much on it back then. I’m certainly enjoying having so many blogs to read and learn from.


    1. I’m still looking into that, Baz, but my immediate goal is to get more emergency money together and to pay off the mortgage. I’m currently investigating salary sacrificing more into super to get up to the $25,000 cap.


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