On the surface, January was a solid financial month. Dividends are flowing in, and the new worth is continuing to grow. Since October 4th (the day I joined the 2 comma club), my net worth has increased $87,882.88. Not bad for under 4 months.
So why did January piss me off? I grew my bottom line $34,458.03, representing a 3.26% for the month. A pretty good start for the year. At one point, I was up just over $50,000 for the month, mind blowing. Most would be satisfied with those figures. What sucks was losing out to index investing for the month with the S&P500 5.6%. The struggle is real #firstworldproblem.
All joking aside, one month into the year, I am just over 1/3 of my way through the goal of pocketing $100,000 per year from my portfolio. I don’t believe the run in the market is done yet either, thanks to the tax reform that will largely benefit corporations. We will see the benefit of repatriated dollars in the form of buybacks and more dividends.
So here is the usual chart stuff that I like to post…
Some cool stuff about the figures above for new readers.
Millionaire status achieve last day of being age 37 in 2017.
The years 2013-January 2018 account for 62% of the accumulation of my net worth, or 5 years and 1 month.The other 38% of my net worth took 14 years to accumulate. This is an example of money eventually working harder for you, than you have to work for it. My previous post talks about the snowball effect of dividends, it very much applies to building your financial assets too.
Current debt sits a $0.00.
Personal goal of banking at least $100K per year from my portfolio
Build up my passive dividend income to $40,000 by 2036 (well ahead of plans with expectations of over $24k this year).
Hopefully the charts above can encourage you to keep at it when it comes to your journey of financial independence. If it feels like things are moving slow, stick with it, eventually the work will pay off and you’ll reap the benefits.Follow me on the social medias: