Year in Review of My 2023 Investments
About 3.5 years ago, I set a goal to reach $10 million by age 40. However, I set this goal when I lived in an expensive city in Silicon Valley, where median home prices exceeded $1 million. In the specific neighborhood I lived in within that city, homes were easily above the $2 million mark! Now that I live in a town with a lower cost of living in the Dallas metro, it would be tempting to lower that goal. However, I still believe reaching $10 million by 40 is attainable. To help accomplish this goal, I compare my investment performance to the S&P 500’s and Nasdaq’s at the end of every year. In this post, I will share my comparisons and see how my investments fared in 2023.
Financial Resolutions with Little Effort but Big Rewards
Happy New Year! I hope your finances had as great a comeback in 2023 as mine did! Now that it’s the start of a new year, you’re probably setting some resolutions for yourself. So be sure to include some financial ones, too. Here are some practical ones that require little effort but reward you handsomely in the long run.
Mid-Year Review of My 2021 Personal and Money Goals
At the start of 2021, I set out to accomplish some business and personal finance goals for the year. Since we’re right at the middle of the year (6/30/21), it’s a good time to review how I’m progressing towards each of my goals and think about whether or not I need to make any adjustments to them. Also, while I didn’t share any of my non-money-related goals at the beginning of the year, I’ll do that today!
2021 Business and Personal SMART Goals
Happy New Year! To kick off every new year, I like to set goals for all aspects of my life, both personal and professional. To make sure that my goals are clear and reachable, I create Specific, Measurable, Achievable, Relevant, and Time-bound (S.M.A.R.T) goals. By publicizing my goals, it helps me stay accountable for the things I set out to accomplish for the year. In this post, I’ll talk about my personal finance and business goals. Now, let’s dive in!
How A Self-Made Millionaire Budgets
Have you ever wondered how much a millionaire spends per year? Do they even have budgets? What do they spend their money on? Speaking from firsthand experience as a self-made millionaire, I definitely do have a budget, and I know exactly where my money is spent every month. It’s important to know where my money is spent no matter how high my net worth is. Tracking my expenses and comparing them against my budget is crucial to attaining financial independence some day. Becoming a self-made millionaire in my 20s didn’t happen by sheer luck; it was calculated. Budgeting helped me get to where I am today, and I assure you that it will continue to help me reach my goal to attain financial independence by 40.