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My Journey Year 3
Table of Contents
$20,374 (Taxable account)
Happy New Year 2023!!!
Welcome to the third year of my financial journey. I can humbly say the holidays have been great to me because this time I spent exactly what I budgeted for. I didn’t have to add months to my credit card debt repayments this time.
| 2021 | 2022 | |
|---|---|---|
| Net worth YTD | $238,256 | $218,105 [-8.45%] |
| Emergency fund YTD | $7958 | $3000 [-62.30%] |
| Income stream YTD | $288 | $1600 [455%] |
| Paid off Debt from 2019 [$42,000] TD | $13000 | $9,687 [-25.48%] |
| Exercise Grade YTD | C+ | B+ |
Net worth
I don’t anticipate any healthy gains because of the market’s high volatility and the likelihood that we are approaching, if not already in, a recession. When you consider that things could have been worse, a 9% decline is actually not that horrible.
The decline honestly doesn’t bother me. It enables me to dollar-cost average and purchase more outstanding companies’ stocks at a lower price. Under no circumstances will I permit that slight stock market decline to influence the way I invest my money.
Emergency fund
We’ve made the decision to lower our emergency goal to $3,000 and transfer the remaining funds to a savings account for a down payment on a home.
Income stream
The year was excellent for earning some extra money. I’ll work a little harder this year and give up a few weekends to take care of things. With my side business, I hope to earn at least $5000 this year (fingers crossed).
Paid off Debt
So far, the only debt that is keeping me from being debt-free is my student loan. I don’t have any consumer debt anymore, and it feels wonderful. Until the government determines what to do with student loan forgiveness, I’ll keep contributing to our savings accounts.
Exercise Grade
I’ve had my part-time job for a year, and I can already tell the difference. It was difficult to maintain a strict exercise plan while spending hours online and attempting to be consistent. However, it is a requirement of my job as a freight associate at The Home Depot to stay motivated.
It’s Haitian Independence Soup day
On January 1st, you can find this delicious dish in every Haitian home. We call it ”soup joumou” (pumpkin soup). It serves as a means of commemorating our ancestors and our liberation from the French regime.
I didn’t think to take a picture until after I had finished my first bowl of soup. Lol!
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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.
