January is gone, and with it, some progress! Not as much as I'd hoped, but it's early in the year and things are slowly getting there. I didn't manage to hit a few of the larger goals as they are likely to take a lot of time, but hoping to be much closer by mid-2023. …
August has been pretty slow regarding finances. My initial goals/targets for wealth are slipping away quickly due to pretty high volatility throughout the year. My personal training business, Nathan's Mobile PT, is growing at a steady pace and I'm seeing more consistent monthly revenue. I'm currently working on some 30-day challenges and wanting to get …
I haven't been posting my spending each month as I have done previously. Primarily because I didn't have a savings rate goal in mind. However, I have still been tracking expenses every month so I thought it would be a good idea to really assess where my money is going and perhaps make a few …
One month before 2021 is over! It's been a strange year - it seems like it's gone by quickly and slowly at the same time 😛 Roughly during mid-November to December I started to ease off a few things and spend a bit more time relaxing, watching movies, playing games, and doing other things. I …
Just one month away from the half-way point for 2021! A lot has been happening this year, and creating these monthly goal reviews has really kept me on track and focused. May was interesting - quite a few changes with my finances, but I've been making really good progress with my PT business and a …
First FIRE progress update of 2021! Given my monthly updates towards my goals, which includes net worth, investing, and finances, I didn't think it was necessary to update my progress towards FIRE every month. Instead, I'm going to update my progress every 3-4 months and when I pass a large milestone. The first few months …
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
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)
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 …
Every year, I write out a summary of my year. Key events, experiences, lessons, and anything else that comes to mind. It's my opportunity to review my behaviour, progress, situation, and any aspect of my life I find interesting. While I write posts about my personal goals and progress, this is more of an account …
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 …
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 …
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 …
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 …
Nathan Challenges Life 