November 2019 Net Worth Update

At last a month where net worth is worth reporting! And I had to use £1,000 of my cash for home improvements. This month’s net worth,

Actions from last month

Get someone in to do a high level quote on converting our cellar into a small apartment, then done a ROI / factor into my annual income when I FIRE
- I have one contractor booked in for later this week, so will report back next month on the amount quoted. I did do a review of the ROI and it is looking very favourable with a return on investment of 50% occupancy of 10%, however this was for the lower cost estimate. The ROI reduces to 6% for the higher cost estimate. Both are OK with me as this is tax free if the income is part of the ‘rent a room’ scheme. I need to do my research to ensure it is.
Do some background reading on Match Betting as I aim to try it out in December
- Haven’t done this, have been very busy at work and this is looking like another job. I will see how I feel in December and progress with it then.
Take some stuff to the charity shop
- Two visits!

Personal Expenditure this month

Carried on monitoring my personal expenditure during October, and as month, most of it on entertainment / going out. I had some good times this month

Went to see Romesh Ranganathan – great night out.
Saw Kate Tempest at my favourite music venue in Manchester, the Albert Hall – an amazing artist.
Did an Escape Room with colleagues from work – we got locked in!
Went to Holmfirth Winery with my ‘Wine Club’.
Had a lovely weekend away in the Lakes as part of an Outdoor Conference.
Drinks with FIRE friends at the 3rd MCR FIRE meet up 29/11 – write up on its way!

Action for this month

Reduce the amount of personal expenditure categorised as ‘Misc’.
Review the ROI numbers after the initial cellar conversion quote and consider getting at least 2 more quotes over the next month. After which agree a plan to save the money and a timescale for the conversion.
Confirm that my cellar conversion plans fit into the ‘Rent a room’ scheme.
Research Match Betting.