Elementor #4947


Net worth Update - 2023 Year in review

2023 year of perserverance…

By MeTheMillennial

2023 – Year in Review and Net Worth Update

Another year in the books – wow where did 2023 go??

Things have been a shitshow the last few months, both on a personal and professional level but more on that later.

I want to use this net worth update to:

1) Update you on my current financial standing and growth since last year. This is a realistic view you can follow and emulate on your journey to achieving financial freedom…. it is by no means a get rick quick scheme, and anyone who says different you should run from.

2) Provide the top 5 tips I have learned to achieve my current net worth at age 32 on a modest salary of $142k (CAD) or $107k (USD). I realise this number if high for some, but I believe it is a fully achievable for most people out there.

Make sure to check back on my previous updates to see how my portfolio has grown, and dropped…over the years! This will give you perspective of the highs and lows that comes with investing.

As always thanks to everyone who comments and contacts me with questions, the main reason I do this is to connect with each one of you, and show there is an alternative to staying in a job you hate and achieving the dream of never worrying about money again.

Reach out, I make the time to respond to each out – and if anyone is ever in Vancouver or British Columbia let me know.

2024 is a year of focus and dedication in all expects of my life.

I have been in cruise mode the last couple of years after quitting a high stress high paid job, so expect a lot more posts and value for anyone out there looking to achieve financial success in 2024. 

As you may know, my personal goal is to achieve FIRE, financial freedom retire early, by the aggressive age of 35 (I am now 32) with a portfolio of $1.5M.

I may miss this goal and not achieve it until I am 36 of 37 but the important thing is having one, starting and working towards it. That’s a hell of a lot better then never starting at all.

If you haven’t started your own investing journey and finding financial freedom, now is the easiest period in history to start.

There are a multitude of apps out there to start investing and others to learn from. The tough part if just starting.

To help get you started in 2024 – so weird saying that!, I have included a free downloadable template below, just enter your email and it will be sent to your inbox.

Print it off! and follow the SMART instructions to craft your financial goals now.

This little bit of effort will pay dividends in the long run.

This is how I actually write my own goals every year and has been one of the key reasons I am on track to achieve financial freedom by the age of 35, hopefully.

Download FREE printable SMART financial goals template now

FREE DOWNLOAD

Send download link to:

*As always, I am not an expert or financial advisor, so nothing on this website should be considered financial advice. These are just my opinions, everyone is different. Always do your own research and have your own independent thought process

Life Update

 

 

 

The last few months have been crazy … crazy good, not crazy bad.

As you are aware I finally got out of my high paid stressful job which I quit over a year ago, and have never looked back since. 

My new job, provides the vacation time and mental space to actually enjoy my evenings and holidays without ever now actually worrying about work outside of working hours. 

It is honestly bliss… for anyone who is struggling mentally with work right now, trust me I’ve been there … check out this post which might help you, there is light at the end of the tunnel.

I spent a month home back in Ireland, and I tried my best to completely unwind away from technology and the stock market. It was my first time back to Ireland in 2 years, and the first since I left that dreaded job (and golden handcuffs) behind. 

My brothers actually commented that I look healthier with less grey hairs … so not only will you feel better getting out of a job you hate but you will also look better 😉 

I spent lots of time with family celebrating Xmas, typical large Irish family and lots of time outdoors with my family dog. I’ve included some snaps of some of my favourite spots – reach out if you plan of visiting Ireland, I would be delighted to share my recommendations. 

I returned back to Vancouver ready for all that 2023 has in store and a goal of hitting $500k by year end.

TIP

I definitely have felt at time saving, investing and your net worth becoming all encompassing .. make sure to take time to completely switch off for a while … a day, a week or even a month.

You will gain some valuable perspective and come back rejuvenated and ready to smash your goals. 

Plus if you follow a well diversified portfolio with Index funds there should be no check the share prices as they zig zag up and down.

Out of interest, let me know in the comments how often you check your stocks. I used to do it multiple times a day, but now much less so.

So let’s dive into the numbers.

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