Goal Achieved! – Monthly Financial Update – March 1, 2024

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The Monthly Financial Update gives our readers an inside look at the allocation and performance of our investment portfolio. At the beginning of each month, we share a snapshot of our investments and highlight their performance over the previous month. In addition, we compute our progress towards achieving our retirement number.

Goal Achieved!

We did it! After years of saving and investing, we have finally achieved our financial goal! We had many ups and many downs. We saw the good, the bad, and the ugly sides of the market. We even occasionally shifted our target. Nonetheless, through it all, we remained unflinching in the pursuit of our goal. We never once doubted that we would achieve the freedom we were seeking. I can now say with confidence that we have the financial tools to create that freedom for ourselves.

How did we get here? Well, it all started with a dream. That dream eventually led us to set a concrete financial goal (which we later adjusted). After tons of research, we were able to develop a formula and, subsequently, a simple strategy to achieve that goal. We committed to our strategy, set our eyes on the prize, and never looked back. The rest is history…

What's next? As I've mentioned before, in anticipation of this great milestone, both I and Ms. GGD have transitioned to part-time employment at our respective places of work. For now, we plan to continue working in this capacity as we more thoroughly plan/contemplate our fully retired lives. The beauty is, nothing is pressuring us to make any immediate decisions! We could quit our jobs tomorrow or keep working part-time indefinitely. It's totally up to our whims. This feeling of freedom is what we've been looking forward to. To be able to determine our own path and write our own future. We are now the bosses of our lives and it is truly a great feeling!

Bonus Chart: To help celebrate this great milestone, we've compiled the numbers from every monthly financial update into one big chart. That's almost 7 years of data! It was a wild ride! Check it out below.

Results:
4.26% month-over-month growth
154.4% of retirement number saved

Check out our detailed performance in the table below.

The Numbers

AccountsPortfolio AllocationChange In Value
(February-March)
Liquid Funds0.37%-15.28%
High-Yield Savings9.53%+2.89%
REITs0.23%+0.10%
401(k)s40.54%+5.21%
IRAs5.54%+4.90%
HSA2.12%+5.90
Cryptocurrencies0.06%+44.37%
Taxable Stock Investments38.43%+3.83%
Home Equity*3.09%+8.94
Debt0.08%+861.56%
Total =100%

Portfolio Allocation = Current asset distribution of our portfolio
Change In Value = Change in account value due to asset appreciation/depreciation, deposits, and withdrawals
*Home Equity not included in retirement number or month-over-month growth calculations

Growth Toward Financial Independence

Monthly Financial Update: Historical Results

Tools To Get You Started

Get a head start on your journey toward achieving financial independence by analyzing and tracking your income, expenses, investment performance, and overall net worth with the free online wealth management tool Empower Personal Dashboard.

We use Empower Personal Dashboard regularly to analyze our investment fees, track our investments, and project our net worth. We also periodically review our progress toward retirement with their retirement planning calculator.

If you’d rather do things on your own, become a subscriber today and you’ll receive our Free Financial Planning Dashboard. This tool allows you to enter your income and expenses to create a detailed budget. You can use it to track your spending habits over time or just to get an idea of where your money is going each month.  Take a look at the automatically generated charts and you may discover you have a little more cash to invest than you thought.

If you’re interested in detailed instructions on how to budget, save, pay off debt, and invest, check out The 6 Phases of Building Wealth. This book provides step-by-step instructions for working through each “Phase” in the process of achieving Financial Freedom. If you're just starting out, the information in this book will provide you with an invaluable resource. You can pick up the digital version for only $2.99 on Amazon.

Disclosure: Some of the links found on this website may be affiliate links. Affiliate links pay GGD a small commission when you click through and/or make a purchase. This is at zero additional cost to you.
Full Disclaimer/Disclosure

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