I want to explain why I do a monthly net worth update.
- Keep me accountable
- Track my journey
- Prove that anyone can become a millionaire
- Prove that FIRE works
Another month and I’m still inching my way closer to FIRE! Stay consistent and keep investing like it’s going out of style.
This month I made $7,724.
Expenses total right at $4,280.
This month was another crazy month. I saved $4,832 nothing fancy, and one of my lowest saving rates. That is right around a 53% savings rate. Not worried though as I had a few big bills come up and I splurged on some things.
- $1,388 TSP
- $3,444 Money Market Account
Check out CC hacking it saves me a ton of money!
Side Hustle Income: $500
This month I made $500 in side hustle money. I also am now earning interest in my BlockFI crypto account. Not sure if I count that as a side hustle though.
Net Worth: $509,535
That is a +$26,583 gain since last month’s net worth update for November was $482,952.
This is where it gets a little sticky now. My net worth posted on Personal Capital in the sleek graph below is wrong. Still, have some of that crypto that would not link to Personal Capital.
I love using Personal Capital to track my Wealth.
Could not have planned a better ending to 2021! I gained around $156,000 in 2021 into my liquid portfolio. I hit the half millionaire status. I’m over $500K in liquid assets. This is over a $20,000 passive stream of income.
On top of that, I am now so close to RE of the FIRE path I can taste it in my mouth.
I will FIRE and retire early in 2024. At that time work, optional will be a big part of my life. At this time I have no plans or desires to work another job or W2 for income.
I will be putting more time into my website and probably my YT Channel. Lots more outdoor adventures and playtime with the puppies.
So what the hell is in store for 2022?
I honestly don’t know as of yet. I started to try to be ant new year resolutions and I’m starting to be against goals in a way. I’m enjoying instead trying to implement more systems and just enjoy the ride. But hitting $600K would be nice, this is hugely dependent on the market though.
On top of that, I am considering making a basic course for people. I keep getting a lot of people waiting for me to take my time and go over every aspect of my finances. I always tell them I write about it all on my site and it’s free for you to read. Yet they keep just messaging me.
It got to the point I started to charge $80 an hour to coach them. But now I don’t even think that is worth my time. So instead I’m thinking of making a course that I can charge people and get multiple people in it at the same time. This way I get more value for my time.
These days between work, fixing up the FZJ80, renovating my tiny home, and doing a little content creating I am not only tired I feel dead to the world on some days. I barely have time to even go on hikes these days. It’s a big reason I slowed down on putting out content on here.
But don’t worry I am going nowhere and am here to stay!
BlockFI is what I use to optimize my crypto accounts to build more wealth.
For this blog, I only show my portfolio and don’t show our combined portfolio. I’ll leave it at we are doing very well and way above average. Which makes going to work that much harder every day! But I plan to pull the RE card in the summer of 2024.
Those of you that have been following my Net Worth Updates can probably skip the rest of this post.
Barista and Coast FIRE group.
I created a FIRE group for Barista and Coast FIRE people. I saw there was a gap in the community and these paths seem like the more enjoyable path. So I said, “I need to take on this as a passion project.”
One of my desires this year is to create and build more community! Here is the Barista and Coast FIRE group HERE.
Join us in our no judgment FIRE group
No gym, weights, or fancy gear for over a year! I’m slaying this fitness routine. It’s Fun, Simple, and Works. I’m gaining flexibility, strength, endurance it’s incredible. Mind you this is with me having multiple injuries from the Marine Corps. I have learned I never needed that gym anyway.
On top of that, I have started to cultivate a Facebook Fitness group where anyone is welcome to come to join us. I set Bootcamp challenges to get everyone motivated and active.
Do you have a fitness goal for 2021?
- Get stronger
- Lose stubborn body fat
- Get a more defined six-pack
- Be more active without being judged
Join my FREE no judgment fitness FB group HERE. The goal is to build a community and help positively impact your health for FREE.
Hopefully, you enjoy these updates and it inspires you to keep going!
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My favorite free financial tool to manage my net worth is Personal Capital. You get a $20 Amazon gift card for signing up.
My favorite free investing platform is M1 Finance. You get $10 for signing up. No trading or management fees plus you can buy fractional shares.
My favorite Credit Card Hack is American Express Platinum, Hilton Honors Aspire, and Bonvoy Brilliant AMEX. So far they paid me over $2,200 this year to use these cards.
My favorite phone service is Mint Mobile. You get a $15 renewal credit for signing up. I get a year of phone service for a rock bottom price of $240. As a guy who travels and lives in an RV full-time, this service has been amazing.