2022 Goal Review

And that’s a wrap for my 2022 goal review! 2022 felt like a big year and I managed to achieve a number of my goals. The biggest area of growth was my business, Nathan’s Mobile PT. This became a priority for most of my year, which has been really fun and challenging at times, but I ended 2022 in a great position! While my priority was on my business, this drew priority away from other things. I did very little for Nathan Challenges Life (apart from these monthly goal updates) and didn’t achieve my goals. I’m okay with that as I’m happy with where I was focusing my energy and what came out of it. My finances are not where I expected them to be by the end of 2022, and buying a property in May caused a huge shift, especially towards my investment portfolio. However, I’m excited to see where this will go in later years, and I’m in a better position in many ways!

Read on below for a review of my 2022 goals. I’ve indicated which goals I achieved or didn’t achieve. I would have liked to see more green, but that’s also one sign that my goals weren’t too easy 😛


FINANCIAL/WEALTH

Reach a Net Worth of $250,000 – NOT ACHIEVED

  • In 2022, my net worth went from $147,567 to $134,040.98 at the 1st of January 2023.
  • Definitely not the numbers I was expecting. However, in 2022 my partner and I bought a unit together and the components of my net worth changed quite a lot. All extra money before buying in May was used for the deposit as well.
  • Unfortunately there hasn’t been much recovery across most of it. And nowhere near my goal of $250,000.
  • The market in 2022 was very average, so the normal increases I’ve had in the past for things like Super weren’t there.
  • Net worth on it’s own isn’t really a factor that influences my goal of financial independence, but it’s a good measure to show your wealth overall.
  • You can see a breakdown of my net worth below:
Not quite the numbers I was expecting, but as you can see in June there was a big change in the components. Technically it could be higher or lower, but I’ve just chosen to keep the property value the same. It is great to see my HECS debt drop, and in a few years that will be gone, which will be awesome for the net worth and extra money each pay! Due to market conditions, my super stayed pretty average compared to previous years.
My overall graph of net worth has been very slow for 2022, mostly averaging down but pretty stable at least! It will be interesting to see what it looks like at the end of 2023.

Grow Investment Portfolio to $100,000 – NOT ACHIEVED

  • My investment portfolio went from $104,268 to $23,749.
  • As you can see from the above net worth table, I used a lot of my porftolio towards a house deposit. I had the plan of using my portfolio for a property this year, so I was expecting a drop, but the plan was to then increase it back up to over $100,000 by the end of 2022.
  • Unfortunately, I wasn’t really investing much per month directly into my share account. I originally had a plan of $1000-$2000 per month, but because it wasn’t automated I found it hard to commit. I was also saving money for a new car (used) as it needed to be replaced.
  • This is a bit concerning. My investment portfolio will be my primary vehicle for financial independence, so seeing it so low with another year makes me feel very behind, especially if my goal is $1 million at a minimum. With another year, that brings me closer to 40 years old (still 12 years).

Grow House Deposit to $60,000ACHIEVED

  • Completed in March 2022 (as shown in above net worth table).
  • I was really focused on saving as much as I could towards the house deposit. A lot of the money came from my investment portfolio that was built up over a few years which made up the majority (I also started putting money into my portfolio with the aim of withdrawing some for a house when the time came).

NATHAN’S MOBILE PT
Website

Employ 5 Personal TrainersACHIEVED

  • Achieved in May 2022!
  • Currently I’ve got 10 PTs employed (6 in Canberra, 3 in NSW and 1 in Tas)!
  • The first PT I brought on was in December 2021 as I didn’t have capacity to take on more clients. Throughout 2021 I did all the training myself, and once building it up to a stage where I felt I could bring others on, I really focused on finding PTs in 2022.
  • Seek was the most valuable platform, but I did find others through indeed and other places.
  • In the last few weeks of 2022 I brought on a few more as well, but it was great to reach this goal so early in the year!

Reach $20,000 in Revenue by 30 June 2022 – ACHIEVED

  • Achieved in May 2022! Another early goal! Obviously the goal wasn’t high enough!
  • 2021-22 financial year revenue was $26,576.
  • Below shows my income for the financial year ending 30 June 2022. Really happy that I was able to achieve this and make such an imporvement on the previous year (something like $5,000 total).
  • Bringing on extra trainers and therefore having more clients was the real factor that allowed thisto grow.
  • While revenue was high, the expenses were also high as I was operating on very thin margins and something that will be my focus for 2023.
Total income and expenses for 2021-2022. Working on increasing profit margin in 2022-23 financial year.

Reach $80,000 in Revenue by 31 December 2022 – NOT ACHIEVED

  • 2022 calendar year revenue was $51,821!
  • This was a new goal I added mid-year given I was able to reach the above mid-year goal quite easily. This new goal required a large increase in monthly revenue, but given I didn’t bring more PTs on, then I wasn’t able to increase client numbers which was a factor in me not reaching this goal.
  • In 2022, I averaged approximately $5,000 per month in revenue, which was super awesome but not high enough to reach the goal, but incredibly happy I hit the $50,000 milestone!
  • Below is a graph of my income (in blue) compared to the previous year (green)

Complete a Minimum of 3 Training Courses to Gain New Skills and Improve Knoweldge – NOT ACHIEVED

  • In 2022 I completed a the Fundamentals of Kettlebells I & II course, along with a Pelvic Floor course.
  • I wasn’t sure what else to do in the last few months of 2022, but I felt very busy a lot of the time and I didn’t want to commit the time or cost for another course if I was on the fence.

Obtain 10 Testimonials from Clients – ACHIEVED

  • I achieved the 10 testimonials towards the end of the year!
  • But I wanted to see if I could get to 20 by the end, so by running a testimonial competition to win free sessions, I managed to also get more awesome testimonials from clients!
  • By the end of 2022, I had 8 reviews through Facebook, 5 reviews on Google, 1 review on OneFlare and 1 on AirTasker – a total of 15! It was really awesome to see that people enjoy the sessions and service.
  • I’ll definitely be aiming for more in 2023, but probably won’t be putting a number to it.

NATHAN CHALLENGES LIFE
Website and other social links

Before going into the goals below, as a summary, I pretty much didn’t work towards Nathan Challenges Life at all in 2022. My time and energy was spent on Nathan’s Mobile PT and other life things. I did keep posting my monthly goal updates, but the 30-day challenges, writing them up and/or creating youtube videos, was just not a priority for me. So definitely not achieved as planned, but that’s a-okay!

Given my focus and priority on Nathan’s Mobile PT, this has really drawn away my motivation for doing this for Nathan Challenges Life outside of the monthly updates and FIRE updates. Perhaps in the future I can lean back into this just for a bit of fun. But right now, it’s time to focus on something that can definitely lead to huge success in the future.

Do a Minimum of 5 30-Day Challenges – NOT ACHIEVED

  • I only completed 1 30-day challenge (Kettlebell workouts).

Publish all Previous and 2022 30-Day Challenges on my Website and YouTube Channel – NOT ACHIEVED

Maintain a Minimum of 60% Average Viewer Retention for Each Video Published in 2022 – NOT ACHIEVED

  • No 30-day challenge videos posted for 2022.

PERSONAL DEVELOPMENT / OTHER

Reach a Rating of 850 on Disc Golf Metrix and PDGA – ACHIEVED

  • Completed in May 2022!
  • I completed my goal for both Disc Golf Metrix and PDGA (both programs used for either casual rounds or proper tournaments.
  • I didn’t really prioritise this, it happened naturally just by playing a bit through the year and slowly getting better each month. You can see from my graphs below that it was just a timing game – at the rating I’m at now, to get better I’ll need to commit much more time for practicing.
  • Keen to aim for 900 next year!
This graph is showing entire rating , with the middle starting 2022. I was fairly close to 850 at the start (around 830), so I was happy to then end up reaching just over 850.
PDGA. Rating is shown by the blue columns – so I pretyt much achieved my goal in April for PDGA and managed to keep increasing it until December when I had a few rough tournaments.

Run a Sub 1:45 Half-Marathon – NOT ACHIEVED

  • Unfortunately, after creating this goal in the first quarter of 2022, I ran into an injury in July that put me out of running for number of months. Because of this, there was no way I would hit my PB in the race I had planned for September.
  • Since recovering, I’ve been keeping it slow, and have some awesome plans for 2023 with running (hint: ultramarathon). But my focus will be taking it very slowly and building up.
  • However, I did try to reach this goal, as you can see from the small snapshot of my Strava stats:

EXPERIENCES

Below are the experiences I would like to have during 2022:

  • Go on a multi-day hike – NOT COMPLETED. Unfortunately didn’t get around to doing any multi-day hikes. It wasn’t a priority, and the weekends always seemed to get booked out. My partner also broke her toe so had some issues there.
  • Go cycle touring – NOT COMPLETED – Similar to the above, this one was a little harder to achieve as my current bike can’t have any brackets or paneers attached which made it difficult to plan or get motivated as I didn’t want to buy another bike (still could have done something small though).
  • Complete an obstacle course event (e.g., Spartan) – COMPLETE! In April, my partner and I completed the Spartan NSW Trifecta event – we did a 5km, 20 obstacle course and it was really good!
  • Attend a CrossFit class – COMPLETE! I’ve been doing CrossFit consistently now since I started in March. It’s awesome!
  • Attend a Jiu Jitsu class – NOT COMPLETED. I didn’t end up doing this, while COVID was pretty serious and on the rise in 2022 in Canberra, I wasn’t a fan of going and wrestling with people, so unfortunatley I didn’t do this, and I put it off as I found CrossFit which then starte to take up a lot of my exercise time 😛

SUMMARY

My goals were a bit of a hit and miss in 2022. I’m happy with a lot of the progress I made, especially with Nathan’s Mobile PT, but also feel a bit weary about my financial position at the moment going into 2023. I was expecting to be in a much better position, but lots of things happened in 2022 and it was difficult to commit fully to investing as much as I’d like. Nathan Challenges Life took a big hit in 2022 as my priority and focus was on building Nathan’s Mobile PT – but I’m happy with my choice, as Nathan’s Mobile PT can go on to become a very successful business when the work is put in.

I didn’t have any health and fitness goals, so there wasn’t any particular target I was going for. However, I did focus on losing extra bodyfat throughout 2022 and it was a success, I went from 95kg to 83kg (28% to 19% body fat). I also found CrossFit and I’ve loved it every time I went (even though I felt like dying during the workout).

I finished off 2022 in Adelaide on holidays, which was great to relax, wind down, and start thinking about 2023. I’m really excited for 2023 as I’ve got a lot of huge plans in place and goals in mind.

My 2023 goals post will be up soon!

Nathan

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