Hello everyone! What a beautiful day it is to have a birthday! While I'm busy waking up and getting ready for work, I can't help but reflect that as of a few days ago when I put the next stack of cash into my investing account, I have now officially tripled the amount of money that is in the portfolio since the start of the year (or basically tripled, not exactly!).
It feels great to hit milestones. Whether it be a birthday where you celebrate that many years of life lived and experienced or it be a milestone number for your portfolio, it's important to reflect and let it sink in. Only a year ago I would have thought it a near impossible task to put away as much as I've put away in the portfolio so far. Even though it is a small amount compared to a lot of other portfolios that I follow from other bloggers, it's impressive to me because I was able to put away that much and still live life to the fullest.
To date, the wife and I have achieved the level of saving that we have been able to reach by simply making good decisions on a daily basis. Whether that mean cutting down on Mountain Dew Kick Starts or ceasing the habit of eating out nearly every night, small decisions have led to big changes in our portfolio. Rome wasn't built in a day and neither was a legacy portfolio.
Moving forward I plan to make the same and better choices to further the savings rate in our household. By doing so, the portfolio should generate even more steam moving forward. Whether a market drop hits or a stock choice turns out to be a terrible one, it should go through its own stages of life as we all do. We can only hope that the great majority of picks end up bringing about positive change.
I hope all of you are having a good day and that all is well with you and your families. Take care everyone!
Use other portfolios only as inspiration. If they cause you any kind of anxiety or a feeling of being behind then it's best to just ignore them. We're all in different situations on personal, work, financial levels so $ to $ comparisons don't really mean anything. Just keep your motivation up and stay focused on what you can control. The key is whether you're better off than you were a day ago, a week ago, a month ago, a year ago. All the best!
ReplyDeleteYou're right. I've been keeping track of my YOY as a true indicator of how I'm doing against my prior year's self.
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