November 2020 Financial Update:

Hello, hope everyone is doing well! It was just Thanksgiving weekend in the U.S. so it was a nice break from work, for a lot of us. I reconnected with a friend this month that I hadn’t talked to in quite a while and we have decided to start a podcast. I’m not going to give any major details right now, but I will share links once we release an episode we are proud of. We are still in the research/brainstorming phase. I am very excited about this and have a good feeling about it.

I have a new goal to be self employed by January 2022. To do this I only need $1,000 in income, because my husband will continue to work full time. I have 13 months to make this a reality. I may continue working even if my side income could support us, then we can have even more income going towards our financial goals to reach them sooner, but we will see.

When I become self-employed I am planning on selling my car, we really only need one car at that point, then we can put the cash in savings or towards our other car. I will also get rid of a lot of things, including my work clothes and we will stop paying for expensive house projects for awhile.

Our Goal Partial Financial Independence Numbers:

  • $100,000+ invested, for retirement.
  • $30,000+ In Savings for Emergencies/Baby Fund.
  • An HSA we are Maxing out every year while working for Medical Expenses. (No specific Goal Number)
  • $0 Personal Debt- No Mortgage or Car Payment brings down our expenses a ton ($1,540/month).
  • With husband & I working part time (or one of us not at all).

Our Current Numbers as of December 1st, 2020:

  • $30,770.75 Invested.
  • $10,049.04 In Savings.
  • No HSA yet, we will get one Oct. 2022.
  • -$148,116.32 Total Debt.
  • We are both still working full time.

Total amount needed to reach Partial F.I. Goals: $237,296.53

We only invested our usual $1,500 this month, but the market went up a lot this month so that is why we have over $30,000 invested now.

Thanks for reading! I’ll continue to post updates on our goals!

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