Hello there! As I sit here amidst the vibrant hustle and bustle of Japan, I couldn’t resist sharing some exciting updates on our FIRE journey. Getting away from the daily grind, I find myself rejuvenated by the sights and sounds of this beautiful country. Our days are filled with exploration and indulgence, but our evenings are reserved for the peaceful sanctuary of the Dormy Inn. This cozy hotel offers everything from soothing hot springs to free indulgences like popsicles and ramen, making it my go-to choice for business stays.
Here are some highlights from our recent adventures and financial progress:
2024 Goals
– My meticulously curated 2024 goal spreadsheet has been instrumental in keeping me on track. To stay motivated, I recommend reviewing your goals monthly to identify areas that need extra attention. Time is precious, so make the most of it!
Financial Goals
1. FI ratio > 100%
– Transitioning to a more relaxed phase of life has led us to adjust our FI ratio goal to 100% in 2024. Last month, we exceeded this target with a ratio of 123%, proving that financial independence is within reach.
- 3% Rule
- While the 4% retirement withdrawal rule is widely known, our challenge for 2024 is to spend less than 3% of our investable assets annually. This exercise is a solid litmus test for retirement readiness and so far, we are on track to surpass this goal.
- Track net worth and hope for +10%
- The allure of tracking our net worth is not just about the numbers but witnessing the growth over time. In 2024, our target is a 10% increase, predominantly tied to market performance. Our net worth has already surged by 9.6% since the start of the year, proving that perseverance pays off.
Health Goals
– Committing to exercising three times a week and prioritizing routine health checks have been paramount as I turn 50. June presented a challenge with gym visits limited, but exploring Japan on foot racked up several steps contributing to my exercise regime. Balancing physical and preventative health measures is essential to longevity.
Fun goals
– Embracing enjoyable experiences is a priority. Our ongoing international trip has been a highlight, offering a blend of leisure and cultural immersion. With a happiness rating of 10 in June, life’s simple pleasures have truly made a difference. Encouraging RB40Jr to pursue his YouTube channel dream is a creative endeavor that we’re working on together.
Net Worth (+9.6%)
– Witnessing the progression of our net worth since 2006 has been gratifying. June’s market performance fueled a 9.6% surge in our net worth, a testament to the power of consistent investment. Despite market fluctuations, maintaining a long-term view remains pivotal to financial growth.
In conclusion, I urge you to stay consistent in your financial journey. The key is to keep investing regardless of market conditions. Viewing stocks as a long-term investment strategy fosters resilience and ensures financial independence is attainable. Remember, a journey of a thousand miles begins with a single step – take that step today towards a brighter financial future. Cheers to a fulfilled life and steady financial growth!
