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 $6,049.
Expenses total right at $4,294.
I saved $1,200 nothing fancy, and one of my lowest saving rates.
- $1,200 Crypto
Check out CC hacking it saves me a ton of money!
Side Hustle Income: $0
This month I made $0 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: $457,612
That is a -$51,923 gain since last month’s net worth update for December was $509,535.
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.
I’m down $50,000 since last month’s update. I could not ask for a better start to 2022. I don’t look at it as losing money. I see it as now I am buying great investments at a discount. Once they go back up I’ll own even more shares which will make my stash grow more.
I’m a long-term planner in life. I’m no different with my investing style. I keep it simple, sustainable, and profitable for the long haul.
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 have to take on this passion project.”
One of my desires this year is to 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 literally 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 2022?
- 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 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.