Summer is gradually fading away, the kids are back in school, and a cool breeze whispers promises of autumn. There’s a quiet calm settling in as I finally bid adieu to the tumultuous month of August. A month marred by shingles that left me in endless torment. The rash on my forehead is slowly healing, but the persistent itchiness lingers. I urge you to get the shingles vaccine as soon as you turn 50. Trust me, it’s worth it.
Shifting gears to personal finance, August brought some silver linings. Despite elevated expenses from travel, our net worth saw a considerable uptick, thanks to a bullish stock market. As we roll into the latter part of 2024, let’s take stock of my New Year goals and delve into the labyrinth of net worth and cash flow.
2024 Goals
Unveiling the roadmap to 2024, setting goals that beckon progress and growth. A tool as simple as a goal spreadsheet can anchor you in the choppy waters of resolutions. Monthly reviews breathe life into your goals, illuminating the path to tread and the milestones to conquer.
Financial Goals
- FI ratio > 100%: Passive income metamorphosing into a safety net, covering expenses and paving the way to financial freedom. Our FI ratio stands at a healthy 109%, the yields of meticulous financial planning.
- 3% Rule: Challenging the orthodox 4% retirement withdrawal rule, striving to limit expenditure below 3%. A litmus test for retirement readiness, a testament to fiscal diligence.
- Track net worth and hope for +10%: The annual pursuit of a 10% net worth growth, a symbiotic dance with the unpredictable stock market. Progress checkpoints mirroring the whims of economic forces.
Health Goals
- Exercise 3x per week: The age of 50 heralding a new commitment to health and vitality. A gym membership and a pledge to exercise thrice weekly. Despite August’s health setback, the dogged pursuit for fitness continues.
- Health checks: Vital appointments to nourish your well-being. Marking ticks on the checklist—colonoscopy, annual physical, dental exam, vision screening, immunizations. An ode to health preserved.
Fun goals
- International trip: Embracing milestones with wanderlust, traversing through life’s tapestry. An unforgettable journey to Japan in celebration of a special birthday. Memories etched in the skylines of foreign lands.
- Happiness level > 8: Measuring joy in the reflection of your soul. The pursuit of happiness above the threshold of eight, a testament to life’s colorful abundance.
As the canvas of 2024 unfolds, each goal set is a beacon, guiding our footsteps through the labyrinth of aspirations and achievements. The crescendo of success hinges on the unwavering commitment to our dreams and desires.
Net Worth
Peering into the annals of net worth, capturing the strides of progress since 2006. The numbers echo tales of fortitude, reflecting the mirage of the stock market’s tides. A staggering 14.6% surge in net worth, a testament to the power of compounding and prudent investing.
FIRE Cash Flow
Delving into the currents of financial flow, navigating the ebbs and flows of income and expenditure. A treasure trove of monetary transactions, each encapsulating a piece of our fiscal tapestry. The savings reservoir dipping to cover the deluge of expenses in August.
As the curtain falls on August, the specter of shingles is cast away, leaving room for hope and rejuvenation. Let’s tread the corridors of September with renewed vigor and zeal, embracing the challenges and triumphs that lie ahead. Remember, the essence of financial independence breathes in the investments of today. Stay the course, weather the tides, and chart the course to your financial freedom. The journey is long, the detours aplenty, but perseverance is your anchor in the tempest of fiscal upheavals.
