Year-End Monthly Financial Update - January 1, 2021

2020 was an absolutely unforgettable year, in more ways than one. On the financial side of things, the stock market was extremely volatile. At times, it even looked like we might enter a long-term recession. In the end, the market's volatility subsided a bit and we completed the year on a high note. As a result, we were able to meet the two financial goals we set for ourselves this year. The first goal was to reach 90% of our retirement number. As I noted in last month's financial update, we recently met that goal. This month we pushed even further beyond our 90% target! The second goal was to average $1,250 in monthly passive income. It came right down to the wire, but this goal was also met! All of the passive income was generated via dividends and interest.

With 2020 in the books, it's time for some new goals to aspire to. Reaching 100% of our retirement number would allow us to quit our jobs and still maintain our current lifestyle indefinitely, however, we want to go beyond that and eventually build our net worth up to 150% of our retirement number. This would give us the flexibility to adapt if we need to change our spending habits in the future due to an unforeseen (or expected...) circumstance (healthcare, tax changes, children, etc.), without being forced to reenter the job market. It's probably not feasible to go from 90-ish% to 150% in just one year, therefore we have decided that our goal for 2021 is to reach 125% of our retirement number!

Results:
4.18% month-over-month growth
94.3% of retirement number saved

2020 Total Net Worth Growth (Jan. 2020 - Jan. 2021) = 37.4%

Check out our detailed performance in the table below.

Accounts	Portfolio Allocation	Change In Value (December-January)
Liquid Funds	0.26%	9.83%
High-Yield Savings	6.79%	1.33%
REITs	0.48%	1.77%
401(k)s	43.67%	3.83%
IRAs	4.30%	2.98%
HSA	1.48%	5.23%
Cryptocurrencies	0.04%	50.69%
Taxable Stock Investments	42.91%	5.00%
Debt	0.07%	-20.47%
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

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Year-End Monthly Financial Update – January 1, 2021

Unforgettable Year

The Numbers

Growth Toward Financial Independence

Tools To Get You Started