2021 Goal Progress – April

This post was a little later than usual due to being on holiday and taking some time off from everything. Need to slowly return to my usual habits and keep focused on my goals. There weren't any major changes in March, but I made some really good progress on a number of goals! Especially financial! …

Continue reading 2021 Goal Progress – April

Why Increasing Your Income Is Better Than Increasing Your Savings Rate

For those in the financial independence retire early mindset, we all know that your savings rate is extremely important in growing long-term wealth. But, there is a better, faster way to reach early retirement. Your savings rate and how much you can save is one of the most important things to do on your journey …

Continue reading Why Increasing Your Income Is Better Than Increasing Your Savings Rate

How to Become a Millionaire and Retire Early (3 Steps)

Having enough money so you no longer need to work may seem out of our reach at first. However, given time and compounding interest, it’s a whole lot easier to achieve than you think. I’ve been a follower of the Financial Independence Retire Early (FIRE) movement for a number of years now, with a goal …

Continue reading How to Become a Millionaire and Retire Early (3 Steps)

2021 Goal Progress – February

Is it just me, or is 2021 already flying by? Either way, another month, another progress review. This is my first progress review for 2021. Throughout January, I recognised that I was going very well towards most of my goals, but also knew that I probably wouldn't hit some of them. If you want to …

Continue reading 2021 Goal Progress – February

FIRE Progress – January 2021 (+2020 FIRE Review)

First post of 2021! I made awesome progress on my FIRE goals over 2020. I was fortunate enough to have a very stable job, which has allowed me to keep earning and investing. I had a few goals in 2020 that I was aiming for, that were designed to keep me on my FIRE journey …

Continue reading FIRE Progress – January 2021 (+2020 FIRE Review)

2020 Goal Progress – November

Some good progress was made throughout October, mainly towards my goals centred around wealth. It's getting closer and closer to the end of 2021, so it's time to stay committed and focused. I'm already super excited about my goals for next year, after really thinking about what I want to achieve / have / do, …

Continue reading 2020 Goal Progress – November

FIRE Progress – November 2020

We are coming into the final months of 2020, and it's great to see some progress towards my FIRE goals and numbers. Still an incredibly long way to go, but as you can see from my net worth growth, it's all a matter of principles, dedication, and time. If you want to see my previous …

Continue reading FIRE Progress – November 2020

2020 Goal Progress – October

September was a bit of a slow month in a few areas. Not much growth across the board, but a few areas I'm happy with, and definitely areas that need some work. If you want to see a run down of each of my goals, with details on how I plan to achieve them, check …

Continue reading 2020 Goal Progress – October

FIRE Progress – October 2020

Over the month of September, there wasn't any major changes across my accounts. Everything is pretty much where it was last month, with a few things going up. If you want to see my previous posts on Financial Independence Retire Early, check it out here: https://nathanchallengeslife.com/fire/ Net Worth Throughout September, and at the start of …

Continue reading FIRE Progress – October 2020

FIRE Progress – September 2020

September was an amazing month! I'm incredibly pleased with my net worth growth over August, if I keep this up, I'll be at $100,000 in no time! (well over it given my calculations below :P). If you want to see my previous posts on Financial Independence Retire Early, check it out here: https://nathanchallengeslife.com/fire/ Net Worth …

Continue reading FIRE Progress – September 2020

FIRE Progress – August 2020

Made some great progress with my net worth and other financial goals over July. If you want to see my previous posts on Financial Independence Retire Early, check it out here: https://nathanchallengeslife.com/fire/ During July, I saw increases in all my money accounts - which is always great to see. That meant that my net worth …

Continue reading FIRE Progress – August 2020

FIRE Progress – July 2020

We are now 6 months into 2020! I've made some really good progress towards my net worth and investment portfolios. I've been able to really increase my portfolio value due to the market durntown for the few months before bouncing back to almost what it was. Net Worth For my net worth, it unfortunately dropped …

Continue reading FIRE Progress – July 2020

2020 Goal Progress – June

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 …

Continue reading 2020 Goal Progress – June

FIRE Progress – June 2020

Throughout May, pretty much all of my money accounts (investments, savings, super) increased. At 1 June 2020, I was really happy to see that my total net worth crossed the $50,000 mark! It's really great to see this and to see how this has increased over time (and even this current year). While there was …

Continue reading FIRE Progress – June 2020

2020 Goal Progress – May

Made some really good progress towards the more financial/wealth sides of things in April! Check out my post on my FIRE progress here. I've also made a lot of progress towards my Nathan Challenges Life YouTube channel - I'm now at 11 videos! It's been really fun delving into the realm of YouTube. I made …

Continue reading 2020 Goal Progress – May

FIRE Progress – May 2020

From April to May, my networth increased by 29.3% to $44,166. It was quite a jump from April, but it probably jumped so much because my net worth actually decreased 14% throughout March to April - spurred on by the decreased amounts in investments due to the COVID-19 pandemic. Getting close to my goal of …

Continue reading FIRE Progress – May 2020

FIRE Progress – April 2020

From March to April, my net worth decreased by 14.1%, down to $31,222. My ASX portfolio, Super, as well as my other investments has taken a hit due to the market decline as a result of the coronavirus: At the start of April, my ASX portfolio is currently down a total of 14.09% since the …

Continue reading FIRE Progress – April 2020

2020 Goal Progress – April

March was a very interesting month. My financial/wealth goals haven't really progressed due to the COVID-19 pandemic... well, that isn't entirely true. I am continuing to invest, and so while there is this market decline, it's great news for long-term investors (which includes myself). I made progress across a number of my other goals, some …

Continue reading 2020 Goal Progress – April

FIRE Progress – March 2020

ASX: $41,132.64Net Worth: $35,627.36 From February, my net worth only went up 1.5%. My ASX portfolio, as well as my other investments has taken a hit due to the market decline as a result of fears of the coronavirus. My ASX portfolio is currently down 7.66% since the start of February 2020, and down $4,705 …

Continue reading FIRE Progress – March 2020

2020 Goal Progress – February

Progress was made across a lot of my goals. For descriptive information for each of my goals, check out my Goals for 2020 post. Financial/Wealth Reach a net worth of $100,000Currently at $35,099, up from $25,677 - an increase of 27% since the start of January!Grow my Australian investment portfolio to $70,000Currently at $42,167, up …

Continue reading 2020 Goal Progress – February