It’s time for another net worth update, the February edition. After a brief warm up, it seems we’ve been in for an endless winter here in the Northeast, with nothing really changing and snowstorm after snowstorm. Possibly a good comparison to the current market situation as well? This month will be a first for me, but you’ll have to continue to read below to see exactly what that first was.
I’m continuing the trend to track my progress into early retirement, even if I am a little late with this post this month! The numbers were all calculated ahead of time, I just had to find time to write the actual post. Net worth growth was slow in January so I felt like that would slow progress when it came to early retirement, but it seems like I’m still moving in the correct direction even with the mostly flat progress. Spending has been trending down lately, but I expect that to rise like I had mentioned in a previous post. I do love putting a date to everything, as that gives me a tangible goal to work towards – even if it just an estimation at this point.
First month of 2018, and it wasn’t the greatest month for my net worth compared to the last few months of 2017. We also have the market going haywire so far this month, so I don’t think I’ll be seeing any impressive gains at the end of this month either. The important part is that I am continuing the same pace of savings, and that should help to boost my portfolio at the time. I’m still making steady progress, and I’ll focus on my savings rate which I can control. The market will do what it wants, and over a longer timeline it should go up rather than down.
We are now 17 days into the new year, yet I’m still typing/writing out 2017 whenever doing anything. Hopefully I’ll get over that by the end of the month! It’s time to bring you the second edition of my early retirement tracker, where I take a look behind exactly how much I need to save, and for how much longer. I started tracking this back in October, but just published the first post in December to establish a bit of a trend before I shared it with the world. I think that watching the years count down are a huge motivation for me, probably even more so than watching my portfolio grow. And that’s not to say I am wishing away this time, I intend to fully enjoy my time both while working and when financially independent.
Happy New Year everyone! I hope that everyone has had financial and personal success throughout 2017, and that the trend continues into the new year. In January of 2017 I had a net worth of $85,000 which is now $128,000 for an increase of $43,000. I look at 2017 as a tremendous success for me, gaining an average of $3500 in net worth each month! A little over two years ago I was barely crossing the zero line, and now I’ve built up a substantial amount without sacrificing any of the things that I enjoy doing. As my portfolio gets larger and larger, much of the increases will be at the mercy of the market. But for 2018 I’ll set my focus on continuing to save and keeping expenses down.