2021 Goal Progress – August

It was really valuable to complete my six month review of 2021 to evaluate where I am with all of my goals, the progress I've made, and most importantly to review where I need to direct more focus. I know what I need to do for the rest of 2021 and especially the key areas …

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2021 Goal Progress – June

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 …

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FIRE Progress – April 2021

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 …

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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 …

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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 …

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FIRE Progress – December 2020

Only one month to go before the end of 2020! I'm really excited for this last month as I'm so close to reaching a few of my finance goals for this year. I'm even more excited for 2021! I made a lot of progress towards my financial goals over November, mostly due to the state …

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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 …

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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 …

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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 …

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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 …

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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 …

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