Thursday, February 27, 2014
First Milestone Passed
Today was a pretty big day in the history of this blog. As of today my investment portfolio crossed the $10,000 mark. While $10,000 is not much to some, for me it is huge. Just two months ago my path to retirement was murky. I was storing up my funds in a bank account earning almost nothing for interest. I was spending money unnecessarily and not putting the funds that I had accumulated to work. With the decision to start investing and tracking the journey it seems as though a path has materialized in front of me. I know that if I simply continue to walk on this path that I will find success.
Here is a snapshot of my future financial milestones. I look forward to sharing with you every time I manage to fill in one of the dates.
While today I hit the 10,000 dollar portfolio value mark, I expect this number to fluctuate above and below this threshold until I make up my mind on which stock to buy for March. As you can see above I also managed to reach a net worth of $10,000 back around October of 2013. Below is a graph (from mint) showing this change in net worth since my graduation date in May of 2013.
It is amazing how quickly being frugal, and saving the majority of your income can add up. It is also important to remember that investing and saving money is not a competitive race but rather a personal challenge where you are your only competition. Challenge yourself to spend less than the previous month, constantly audit your budget and find new places where you can save. Never accept complacency.
Thank you all for stopping in and sharing this moment with me. By taking a moment to recognize the little victories and set your sights on the next goal you will always find the finish line.
Have you passed any of your milestones lately?