Almost at the half-way point of the year and I’ve made a lot of progress. Next month, I’ll be doing a mid-year review of all of my goals to examine my progress, and what I need to do to achieve them.
May was a great month for my financial goals. I’ve been working really hard on Nathan Challenges Life, which has taken up a lot of my time and interests recently. Keen to see where it goes!
In May I created a Patreon page to help people achieve their goals. You can read more about it here: https://www.patreon.com/nathanchallengeslife?fan_landing=true If you’re determined to set and achieve some of your own goals, then check it out!
- Reach a net worth of $100,000
- Currently at $51,822.55, an incease of 17.3% throughout May! All of my investment and money accounts increased, which has helped to boost my net worth. Really happy to see it pass the $50,000 mark – as approximately this time last year I was only just passing the $0 mark.
- Grow my Australian investment portfolio to $70,000
- Currently at $52,945.45, which has increased throughout May by over $6,500. My portfolio increased over 10% in May, and I’m pretty much back at where I was 6 months ago – only now my value has increased significantly. As we are approaching the mid-way point of the year, next month I’ll really have to work out where I am in terms of achieving this goal.
- I use Self Wealth for my main Australian portfolio, due to its very low brokerage fee. If you sign up using my link, you and I will receive 5 free trades 🙂 – more than happy to discuss investing and get you started if you are interested in long term wealth creation! https://secure.selfwealth.com.au/Registration/Plan/5/zRml4
- Save/invest at least 50% of my income
- In April, I saved 43.3% of my take-home income. Unfortunately didn’t hit the 50% this time due to a few purchase and a number of dental costs (more coming next month…). Also managed to spend a crazy amount on groceries – but this was mainly for bulk purchases – so I don’t expect spending anywhere near as much next month. See below for a run down of my spending in April:
- Lower body fat to 15%
- Still haven’t been able to get this tested – however they mention that the machine may be opening soon! so I’ll hopefully be able to get it tested in July. I feel as though I’m still around 18-19%.
- Increase lean muscle mass
- Similar to above – probably the same lean muscle mass but can’t measure yet.
- Increase strength across major lifts
- Reassessing at the start of July (although I might not do a strength test in July anymore). Haven’t been to the gym now for a couple of months – so I would assume my base level strength has probably decreased. Gyms are reopening on the 3rd of June and I can’t wait to get back into it.
- Expand PedalPay (www.pedalpay.com.au)
- I haven’t been spending much time on this at all. I’ve been much more focused on Nathan Challenges Life below. After meeting with a number of cafes and stores in the past months, I haven’t managed to get anyone else interested. Now that restrictions are easing on cafes, I can definitely start promoting this again. Check out PedalPay on Facebook, Twitter, Instagram, and LinkedIn.
- Currently at 66 members and 4 stores.
- Expand Nathan Challenges Life (www.nathanchallengeslife.com)
- May has been a huge month for this! I posted a lot more videos on my YouTube channel! I finished 30-day challenges involving juggling and playing my cajon. Currently working through a 30-day running challenge and only buying Australian made products. Lots of videos to be made. Check me out on Facebook, Instagram, Twitter, and more recently, TikTok.
- I’ve grown to 76 subscribers now! Up 34 from last month!
- Reduce single-use plastics and non-recycled products
- We have been making our own bread, which has helped to decrease buying bread in plastic from shops. Haven’t really been going to the shops a lot during this time. We have been making our own oat and soy milk recently. I got a tofu maker for my birthday, so that was one block of tofu without plastic packaging.
- Reduce consumption of added sugar in foods and drinks
- Same with above, we haven’t really been going to the shops much. Also, with my current challenge of only buying Australian products, I haven’t been buying random snacks as much either.
- Getting a check-up at the dentist has made this goal even more important. Recently I’ve chosen a sugar free option when buying something (still not the best for the teeth due to the carbonated liquid, but marginaly better having it with added sugar as well).
- Read 25 books
- In May I finished Sell or Be Sold by Grant Cardone, Living with a SEAL by Jesse Itzler, and The Simple Gift by Steven Herrick. This brings my total books read to 12/25.
- Currently reading Never Split the Difference by Chris Voss, Unshakeable by Tony Robbins, and The Monk Who Sold His Ferrari by Robin Sharma.
- I still have a number of hard back paper books to get through. A routine of reading a few minutes before bed should help to get these finished off.