As already hinted on a couple of times, the Cheesy Index got a bit of an overhaul in September due to the post of this article and associated comments from you readers. We found that we had not incorporated the tax benefit called the “heffingskorting” correctly into our FI/Cheesy Index calculations. An updated assessment showed that we needed a solid €83K less Net Worth in order to become FI. That is great news, as it turns out that we just crossed the 50% mark! Seriously good news in our ears, as you can well imagine.
We also updated the yearly Cheesy Index as can be seen here. With this increased piece of knowledge about the heffingskorting, we realized what we could shift our FI date forward by about 18 months! Nice, eh? Based on the various assumptions and ROI’s, we should be ready to FI by about mid 2024. To continue with the good news run, we are now only 0.2% from the Cheesy Index target for 2016. There is a good chance that we will beat our forecast this year (assuming Mr. Market does not do anything crazy).
The Cheesy Index up to September 2016 is estimated at 53.1%.
How was your month of September, did you see your porfolio increase? Did you get closer to FI? Let us know!
Fascinating, the cheesy index. Makes me also want to make pretty graphs. You have a very interesting blog – I’ve added it to my bloglovin feed.
Thank you for your nice words, we like pretty graphs (helps us focus too).
Although the graphs with the cheese logo’s s a bit cheesy 😉
Seriously impressive. Congrats on crossing 50%.
Than OH, where are you these days?
That’s a nice looking cheesy index. Still a long way to go but certainly keep it up!
Excellent news CF! Great to know you’re already halfway there, that’s wonderful.
A whole year and a half extra for your FI lives :)!
In September nothing much changed, but October was a big one! We will be providing an update about what happened soon..
Tristan
Bit of a mixed feeling here. It’s a great milestone and achievement for sure, but there is still a long way to go.
Nice, love to read about it soon.
Take care, Tristan
53% of the way there!!! So excited for you. I am about 60% of the way there. Hopefully I can gain about 1% a month to get there within the next 4 or 5 years to reach FIRE. Sounds like we’ll be reaching it together soon!!!
Sweet, 60% is nice. Good progress on your end as well. Let’s aim to cross the finish line together! Gives us some extra motivation to catch up 😉
Excellent news! Great way to start Q4.
Good to see you in real life
Thanks AT, it certainly was fun meeting you too. Looking forward to a follow-up.
Answer it is!
An earlier FI date is awesome!
It certainly is! Was a nice moment when we found out, but it is still far in the future though…..
Making steady progress! Keep at it CF!
Definitely working on it! The snow-ball is picking up speed at this point, and it is starting to show.
Take care Mr. Tako