Financial Goals-
- Fully fund my Roth IRA ($6,000), 401K ($19,500) and HSA ($3,550) accounts. – PASS; Roth IRA and HSA were fully funded and 401K was funded up to $19,420.68.
- Make after tax contribution to 401K of at least $5000 NEW GOAL – FAIL; Technically this was a fail since I only contributed $4867.90. Soooo close though!
- Max out my company ESPP contributions (10% of salary). NEW GOAL – PASS
- Set aside at least $1,000 total to allocate to my taxable brokerage and housing down payment fund per month. – REDUCED GOAL – PASS; Averaged monthly allocation was $1,115.16
- Increase my total net worth to $295,000 by 12/31/2020.- PASS; I honestly thought this was a stretch goal but the markets threw me for a loop at the tail end of the year. Ended the year with a total net worth of $327,275.83.
- Hold at least $225,000 in invested assets (should not include cash) by 12/31/2020. – PASS; Ended the year with $286,459.03 in invested assets.
- Hold dividend taxable brokerage account balance of at least $75,000 by 12/31/2020 (Can include uninvested cash held in account). – PASS; Another goal that I thought would be a stretch. I clearly need to start thinking bigger because I ended the year with $99,530!
- Receive $1,200 in total dividend income. – PASS; I received $1490.95 in total dividend income
- Allocate $200 per month to a new car fund. – PASS
Health/Spirituality Goals-
- Maintain a 3-4x week gym schedule. – PASS; Although gyms were obviously closed for most of 2020, I did maintain an active schedule.
- Donate at least $75 per month to church or reputable charitable organization. – PASS
- Document at least 100 days in my gratitude journal. – FAIL; I honestly don’t even think I made it past Q1 with this goal 😦
Learning/Development Goals-
- Practice Spanish speaking skills 2x a week – FAIL; I had really good intentions of becoming more conversational in Spanish but, unfortunately, work really got in the way of this goal.
- Read 12 books this year – FAIL; Again, had the best intentions but work got in the way. I have to say, I am really proud that I made some time and finished reading 9 books this year
- Fill my 80 sheet drawing pad with sketches/drawings – PASS
Travel Goals-
- Allocate at least $150 per month to my travel fund. – PASS
- Take a least 2 domestic trips/international trips and 2 weekend/road trips. – FAIL
- Take a solo trip. – FAIL
2020 Net Worth Reviewed
In December 2019, my total savings were $221,106.64. My total debts were $5,019.94.
My net worth as of December 2019 was $216,181.51.
Guys…what a year! Who would have thought that 2020 would be a year defined by America’s reckoning with racial injustice, a global pandemic, and record unemployment. Oh and, how could I forget, the rampant spread of disinformation culminating in half of the country falsely believing the election was rigged.
When it comes to racial, social, and economic issues, it’s been a long, arduous 365 days. However, my portfolio kept on trucking along
Financially, this has been one of the best years of my life. And I still don’t understand it. Once news hit of the pandemic in early February, the market took a small dip but largely kept moving higher. In mid-March/earlyApril, the world knew that this virus was a much bigger deal than previously thought and reacted by closing borders. The market responded with multiple severe daily drops and lost a stunning 37% of its value.
Then something surprising happened: The stock market rebounded. With a vengeance. By mid-August, the S&P 500 started hitting records again. And again in September and October. Then came November, which was single-handedly the best month for my portfolio ever.
Let’s see how the market’s performance affected my goals in 2020.
As of December 29, 2020, here is my financial situation:
Debt
Student loans:
$1,296.70 at 3.4%
$824.04 at 4.5%
$0 at 5.0% (Paid off $2,323.99 this year!)
Total student loans: $2,120.75
Car loans:
$0 balance
Credit Cards:
$0 balance
Total Debt: $2,120.75 (decrease of $2,899.19)
Savings
Retirement accounts:
$173,361.94
Personal Savings:
Emergency Fund balance at $10,943.07
Investment portfolio account balance: $104,529.98
Miscellaneous Savings for various goals: $38,851.02
Total Savings: $327, 686.01 (increase of $106,479.37)
NET WORTH: $325,565.26
I don’t say all of this to brag. I realize I’m writing this from a place of privilege because I was able to keep my job and continue dollar cost averaging into the market. Without a steady income, I don’t think I would have been able to achieve the milestones that I achieved. For this, I’m grateful for what I have been able to accomplish thus far and I am absolutely looking forward to making great strides towards financial freedom in 2020!
Financial Goals-
Financial Goals-
Financial Goals-
Financial Goals-
Wow – 2017 you sure were a crazy ride! From all the shakeups that have occurred politically to the insane growth of the markets to cryptocurrency creating mass hysteria (in my humble opinion), 2017 is certainly one for the books! Personally I have had a lot of crazy changes this year: a new job (with a large salary increase), a relocation move that facilitates a huge decrease in expenses and a much higher savings rate, and a strengthened interest in the concepts of financial independence. I feel now, more than ever, that achieving financial independence is not just something I will hope for – it’s something I can realistically make happen if I continue to save and invest diligently!
One Woman's Worth 