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My Journey Year 2
$15,368.86
Happy New Year 2022!!!
Welcome to the second year of my financial adventure. While there have undoubtedly been ups and downs along the way, the most important lesson I’ve learned is to continue investing regardless of how unpredictable the market gets. Even with the investing pause I took to quickly pay off my obligations, I’m happy with the success of my taxable brokerage account.
| 2020 | 2021 | |
| Net worth YTD | $163.009 | $238,256 [+46.17%] |
| Emergency fund YTD | $3852 | $7958 [+106%] |
| Income stream YTD | $64 | $288 [+350%] |
| Paid off Debt from 2019 TD | $42000 | $12,817 [-69.5%] |
| Exercise Grade YTD | C | C+ |
Net worth YTD chart
2021-2022 Growth Goals accomplished or not?
I’ve accomplished 2 out of 3 Goals:
| GOALS | GRADED |
Emergency fund to 3 months of expenses | PASSED |
Be debt free | FAILED |
More funding on index fund, less individual stocks | PASSED |
2022-2023 Growth Goals
Three Goals I’ll add this year:
+ Be debt free
+ Maximize my ROTH IRA
+ Purchase a property
Let’s Not Forget
The main goal of this journey is to reach a net worth of $1 million and stay away from bad debts.
Every year, I plan to balance my contribution in the ratio of my revenue and expenses but my strategy will remain the same.
**Valuable Resources I Use Daily:
Empower offers a free account to assist you in managing your net worth and investment portfolio. Your asset allocation and portfolio performance are so obvious and easy to grasp that I can't get enough of them. It's an excellent tool for anyone keeping track of their investments.
Robinhood is a platform that does not charge commissions. You can start investing with as little as $1 in stocks, ETFs, and REITs. It's simple to operate and navigate. Sign up now to receive a free stock.
Gio founded TheGrowthFocusedGuy in January 2020 because he was fed up with debt.
His mission is to document his journey to Financial Independence in order to motivate and inspire others to get out of debt and begin building generational wealth.
