A Bounce Back to a ~$150K Best-Ever Net Worth – October 2020 Freedom Update

Last month sure felt dismal. Felt like throwing money into a fire pit, like I wasn’t catching up to my effort. There have been so many ups and down this year that I should’ve known better. But sometimes doubt gets the best of us and it’s hard to keep riding the wave.

October was much better. I am putting 30% of my paychecks into my 401k and aggressively paying down my credit cards. As of this month, I only have $3,000 to go! I’m challenging myself to pay them off completely by the end of 2020.

So I’m saving heavily and getting into excellent financial shape – as of right now, the best of my entire life. My net worth is currently $148,641. That’s 30% of the way toward my $500,000 goal!

I hope the next couple of months treat me as favorably, though that might be tough with the election coming up in a couple of weeks. We will see how the stock market reacts. I kind of expect it to dip, no matter the outcome.

Sign o’ the times

But I’m keeping myself occupied. Working, writing, talking to friends. Looking forward to my Big Bend trip next weekend. Being present has emerged as a major theme for me lately. That and connection.

October 2020 Freedom Update

When I wrote the last Freedom update post, I was going through it.

Big ouch

See that arrow in the picture? I was down there. Then last week I briefly hit over $150,000 net worth. That was pretty cool. But the next day, the market fell again and I’ve been at ~$149,000, give or take. Which is still great. It’s the highest net worth I’ve ever had.

I’ll likely leave Dallas in the next few months, and would love to preserve my $30,000 savings. Hitting $250,000 net worth is going to feel so good. That’s 50% of my target – and I just hit 30%. It’s starting to look like my goal is attainable. Net worth might fluctuate depending on if I buy another house or not wherever I land.

I’ve tentatively been looking at relocating to Knoxville, TN.