I finally did it! I posted a net-worth update!!!! I hope to post these updates quarterly so you can follow along and grow your own net-worth with me. So here’s my very first net-worth update for December 2018:
I’ve wanted to publish a net-worth update for a long time, but I avoided writing one out of fear. I didn’t grow up in a family or culture where finances were talked about openly because it wasn’t “politically correct” to talk about money So publishing my finances so openly didn’t feel comfortable for me. I was afraid people would judge and criticize me.
But my fears conflicted with my desire to help people. I can’t help people learn and grow unless I’m willing to be vulnerable and willing to share real-life examples that has helped me succeed.
I write this blog with the dream that I can help other people figure their own lives out. My hope is that someone will read this post, and ask themselves: “What’s an IRA?” “What is a Roth IRA?” “What’s VTSAX?” “Can I invest in these things?” “What is a dividend?” “What does cash flow mean and why is it important?” “Why do I own a few individual stocks?” “What is an emergency fund, and why do I put it in VMMXX?”
Once a person can ask themselves these questions, they can begin to find their own answers. I was recently asked by the writers over at Meet Fabric, “What’s Your Top Money Tip?” After thinking about it for a few days, this is how I answered their question:
“Choose a vision of a life that you dream of living. Every decision you make should push you closer toward living your dream life. Start seeing your finances as a bridge that can help you move beyond the person you used to be, and become the person you’re supposed to be. The easiest way to reach your dream life is to keep your savings rate ahead of your spending rate. If you don’t know what your monthly savings and spending habits are, track them. The purpose of tracking your finances is so that you can learn more about yourself and what’s important to you. The purpose of increasing your savings rate is so that you can become fearless to take risks to live the life your soul dreams of living.”
This is the reason I have enjoyed tracking and building my net worth so much over the last few years: Every time I have another dollar in the bank, I feel more empowered to take another risk to accomplish the dreams I feel alive in my soul.
My goal is to see you become happier, wealthier, and more confident as you find your own adventure and purpose in life. My dream is that you can look at my imperfect life, and say, I want to learn how to overcome the challenges in my imperfect life too.
I’m here to help. Let’s do it together. God bless you on your journey. Do you have any questions for me?
Please share your thoughts in the comment section below so that you can inspire someone reading this after you! (Anonymous comments are fine.)
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