It's that time again, friends! Welcome to our monthly check-in on our journey to financial independence. As we near the end of 2016, I find myself reflecting on the nature of progress—how it's not always visible, but that doesn't mean it isn't happening. The Numbers: Steady as She Goes Our Freedom Fund remains at 91% of our goal, unchanged from last month. If we were to retire today, our investments could cover $32,035 in annual expenses. We're tantalizingly close to our $35,000 annual income goal—just $2,965 short! At first glance, it might seem like we're stuck. But let me tell you a story that's been on my mind lately. The Panama Canal: A Lesson in Perseverance Picture this: it's the early 1900s, and thousands of w
José
José concluded his distinguished 13-year career at Vanguard at age 44, stepping away from corporate life to embrace an early retirement. As a project manager, he expertly orchestrated the creation and delivery of educational materials—both digital and print—for 401(k) participants, ensuring resources reached millions of investors. Today, he embraces life's simpler pleasures: quality time with family, pursuit of passion projects, discovery of new adventures, and leisurely meals in his garden oasis.
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Those are some awesome figures! congrats on the great progress. Your progress isn’t going to jump off the paper (or spreadsheet) every month. That’s just not how it works in the investing world. Some months the market soars and you don’t invest. Some months prices tank and you see your market value decrease. If you want a true picture on your progress, I think you have to expand your lookback period. Compare your current progress to the same period last year. You will then see how much you were able to accomplish over and extended period of time, one that includes both months of progress and setbacks.
Thanks for the summary!
Bert
Hi Bert –
Thanks!
Looking back to compare our current progress to our past progress it’s a great tip. It’s definitely what keeps up investing on a regular basis regardless of what the market is doing. The only thing that I do is check our asset allocation to see where we should invest new money. Is our REITs allocation low? Then maybe it’s time to buy some more. Did the stocks gain too much causing our bonds to be lower? Than maybe we should buy more bonds.
Thanks for dropping by!