Personal Situation

/Personal Situation

I started my personal finance blog, myjourneytomillions, to share my personal financial situation in an anonymous way.  Sometimes I will highlight things that are going on in my  life that are not financial in nature.  In addition, in this category I share all my net worth updates.

Reviewing my Goals and Objectives for 2018

Every year since I started this blog I have created Goals and Objectives for myself, and since I write down those goals and objectives it is only appropriate to actually review and grade myself.  I find the process to be a little different than simply giving myself an easy to ignore new year's resolution.  I start with an overarching theme and then apply that theme to different aspects of my life.  Last year in my Goals and Objectives post, I wrote that, [In 2018] I want to focus on growth through systematic processes.  Specifically, I want to build strong foundations in some [...]

By |2019-01-15T10:47:58-04:00December 19th, 2018|Personal Situation|0 Comments

Net Worth Update December 2018

I first started tracking my net worth and then sharing my gains and loses way back in January 2013.  I absolutely regret not starting earlier, especially when this site was started a few years prior! I believe that every adult would benefit from seeing how their short term personal finance decisions are playing out over the course of a month, months or years, and the easiest way to do that is with a net worth statement. Thoughts before calculating: I usually have a feeling of how my net worth has performed for the prior month.  Usually it is based on market performance [...]

By |2019-01-15T09:44:22-04:00December 4th, 2018|Personal Situation|0 Comments

November 2018 Net Worth Update

Every month for the past few years I have calculated my net worth and shared the ups and downs with whoever would like to take a peak into see how I have done.  I truly believe that if more people actually did this monthly ritual our country's personal finances (as a whole) would be in a much better spot.  There is something therapeutic and scary about calculating your net worth, having to be accountable to even just yourself can do wonders for behavioral finance. My thoughts Before Calculating my Net Worth:  I usually have a feeling about how I have done the [...]

By |2018-11-01T10:14:15-04:00November 1st, 2018|Personal Situation|2 Comments

October 2018 Net Worth Update

Thoughts before I calculate my net worth: I usually have a feeling as to how I did with regard to my net worth.  I have a bad feeling about this month.  Spending was up again while variable income was down.  My variable income is what I use for all revolving debt.  The goal is usually to zero out most of the consumer debt monthly, but months like this can be frustrating! My Net Worth Calculation My Assets My assets are pretty simple: Emergency Fund – My goal is to keep an amount in cash that The Wife and I believe is needed for a real emergency amount rather than [...]

By |2018-11-01T09:05:19-04:00October 1st, 2018|Personal Situation|3 Comments

September 2018 Net Worth Update

I can't believe summer is coming to an end! With another month in the books it is time to update my net worth spreadsheet. Thoughts before I calculate my net worth: I usually have a feeling as to how I did with regard to my net worth.  I think this month is going to be an up month.  I don't think it is based on anything The Wife and I have done differently, rather, the market has been on a tear and my net worth is extremely correlated to the market. My Net Worth Calculation My Assets My assets are pretty simple: [...]

By |2018-09-02T10:40:14-04:00September 2nd, 2018|Personal Situation|0 Comments