My Swan FIRE Prowess Numbers

What is the Swan FIRE Prowess Gauge you ask?

Silly mortal, it is the latest greatest way to measure you progress toward Financial Independence and Early Retirement! You can thank Green Swan for this concept and Retirement Manifesto for its appearance in chain form.

Simply Put;

Over any certain amount of time, your Swan FIRE Prowess is equal to the change in net worth divided by your income over that same time period.

FIRE Prowess = Change in Net Worth / Total Gross Income

Luckily, I had over 10 years worth of Net Worth at my fingertips.

Here are my numbers in a fancy chart;

And How do you rate your Swan FIRE  Prowess Score?, just refer to this handy key;

If over the last 5 years your FIRE Prowess is:

  • Negative or 0.0x – Not even on the path toward retirement, let alone FIRE. If you aren’t saving and investing any money and your net worth isn’t growing then it is time to make some changes and develop positive financial habits. It may be a change to a frugal lifestyle or getting an advance degree to take the next step in your career.
  • 0.0x to 0.25x – You’re conscious of your retirement and know you should plan for it, but early retirement may not be on your radar at this point.
  • .25x to 0.50x – You’ve got the ball rolling and you’re certainly trying! Keep investing wisely, perhaps add a side-hustle or few lifestyle tweaks to lower expenses and FIRE can be within your grasp.
  • .50x to 0.75x – You’re working hard toward your retirement goals! Early retirement is definitely possible. Keep working hard and that investment snowball will be rolling (compounding) in no time!
  • .75x to 1.0x – FIRE is on your mind and you are performing in overdrive right now!
  • 1.0x and over – You are killing it! Don’t make any stupid mistakes and FIRE will be within your grasp in no time. In this scenario, your net worth is more than your lifetime earnings.

After crunching the numbers, here are some stats for OthalaFehu’s progress to date;

Running 5 year average = 0.808%

Running 10 year average = 0.685%

Best Year = Well 2009 would have been at whopping 2.74% counting INHERITANCE from my in-laws, but I did my 2009 numbers ‘not including’ this to see what my ‘earned numbers‘ were. Otherwise, my best year was 2017 at a 1.37%

Worst Year = Duh, 2008 is a 0.04%

Average Year = 0.6645%

Don’t forget to try out you personal Lifetime Wealth Ration as well.

Have you calculated your numbers? What are you waiting for? Come FIRE Walk with US!

The idea for this chain article came from Retirement Manifesto based an original piece by The Green Swan. Several others including myself have followed suit; BudgetonaStickShnugiDadsDollarsDebtsDebtstoRichesAdventureRich, FreedomisGroovyWorkingOptional, BudgetsAreSexyLifeZemplified, Physican WealthMarried and Harried, Ms Liz Money Matters, ActuaryonFire, Trail to FIMaximum CentsRetiring on my TermsMinafiMilitaryDollar, FinanceYoSelf7 Circles, MoneyMetaGameSummitofCoin, and PersonalFinanceJunkie.

15 thoughts on “My Swan FIRE Prowess Numbers

  1. Othala, congrats on being the first to join the Blog Chain! You’re officially in as Link #2! We have pretty similar numbers, interesting to see that both of us only topped 1.0 one time over the past years.

    Cool metric, will be interesting to see the trends as others publish their scores in the chain!

  2. You have been killing it for a long time. I suspect you are close to FI with those numbers. Nice work Othalafehu… You will be buried with your treasures for when you awaken in Val Hala.

  3. I like this equation because it does a good job neutralizing general state of the market and income. It’s almost like a golf Handicap/Index on income so you can easily see how you’re doing compared to the rest of the blogosphere that participates. Awesome job so far by the way!

    • I agree with you, but If you click on MoneyMetaGame’s link above you can read why he thinks he has come up with a more accurate metric for measuring progress.

    • Real estate equity – yes, but only because my plan is to sell my primary residence in retirement and live at the 2nd home.

  4. I really appreciate your work, You mention lots of data which is not so easy. Thanks for sharing this data. I hope you will keep sharing.

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