January 2024 - Net Worth Calculation ($135,890.99) => +2.39% from December 2023

Assets:

The assets I have included include the following categories: savings/checking accounts, cash, Venmo account, investment property equity & retirement accounts.

Net Worth Increase: +$3,283.45

401K increase: +7.65%

Total Assets: $153,740.44

Liabilities:

Credit Card: $106.54

Basement Loan: $17,542.38

Total Liabilities: $17,849.45

TOTAL NET WORTH: $135,890.99

One of the best days of the year is upon us, budgeting/ goal day! I love to take New Year's Day to remember the previous year, set new goals for the upcoming year, and review my finances. Looking back on 2023, it was a pretty eventful year. I got to explore Europe (Switzerland, France, and Italy) for 3 weeks. Eating some of the most delicious food and seeing some of the most beautiful sights imaginable. I can't wait to go back someday. I played a lot of volleyball this past summer to the point of slightly burning out, but it was fun nonetheless. I switched jobs from Progressive to Cigna. I got to spend a good bit of time hunting this fall. I went to Atlantic City with two of my best friends where we gambled and golfed everyday. I have really come to enjoy golf and hope to play and improve my game this upcoming year. It will help that I have a full set of irons now instead of the lowly 7 and PW I had before. My girlfriend and I also adopted a cat named Xavier who is loving, friendly, and very talkative. I was also a bridesman in one of my good friend's wedding.

One financial positive of the new year was that I stayed under my budget! I originally budgeted $44K but I ended up right at $40K. Looking to next year, my expenses should decrease slightly due to not traveling to Europe and a $200 decrease on my mortgage. I kept most of the other categories around the same. I wasn't able to reach my other goals of gross income or savings rate. My savings rate ended at 40% and my gross income is probably around $91K (not including any real estate). I'm adjusting my savings rate to be more reasonable this year, but I am keeping the same goal of $100K gross.

Looking at my 2023 goals, I only hit one...which was to visit another country because we saw 3! I fell short on all my other ones despite writing them down for the majority of the year and I think that's because I didn't prioritize them enough. This year, I want to do a better job of working toward each goal, every month. My girlfriend and I have an agreement that if we don't achieve over half our goals, then we owe the other person $250. We also have 3 fitness goals we gave each other that if we don't complete any, that person owes $50 and if they get them all, they get treated to a nice restaurant of their choosing.

*Note: I now include equity in my primary mortgage in my assets because it is considered an investment.

2024 Goals:

1. GF's Fitness goals for me

   1. Complete Spartan Super within an hour

   2. 5 min plank

   3. 10 sec flag hold

2. 100 Chumba cards per month

3. 100K gross per year: 92K from Cigna, 3.6K Agent, and 4.4K Misc

4. 45% Savings Rate

5. Listen/ Read 6 Books

6. Harvest a mature, Ohio buck

7. 280 lb benchpress, 335 lb squat, 100 lb pull up (715+ total).

8. Church (in person) every other week

9. Read entire New Testament

10. Kayak entire Cuyahoga over the course of the summer

2023 Goals:

1. 50% Savings Rate

   1. Current April = 40%

2. Gross 100K -> 89K from PGR, 6K from agent, and 5K from Misc

   1. Current net = $56,219

3. Buy another multi-family property

4. Run in 3 different Spartan races

   1. WV 10K Super

5. Read 6 books

   1. Listened to "The Small Book That Still Beats the Market"

   2. Listened to "Buy, then Build"

   3. Read "I never want to grow up"

6. Visit 4 state parks/ national parks

   1. Cinque Terre

   2. Pompeii

7. Visit 1 more state (and one country)

   1. Visited Italy/ Switz/ France!

8. 6 transactions or $750K in sales price