Time for our first quarterly update of the year!
No new labyrinths or trips, sadly, but that will change soon.
Net worth: $650,119
Our net worth dropped for the first time in awhile, but not by very much – we’re down from a high of $671,316 as of January 1st. However, our high savings rate has done a lot to offset the market drop.
Our year to date spending is $8,612, right in line with last year’s $8,862 on this day. So far inflation has not really been a factor for us, as our spending has been very similar for the past several years.
If we retired today, our monthly income would be $2,167/month, which is a pretty good spot to be in.
We currently sit at a 62% savings rate, though it is skewed low right now due to Celestian’s tax-paying schedule, and should increase as the year progresses.
Great job! Really inspiring! I am from Trinidad in the Caribbean.
Thanx for the update . I have been following your journey from the beginning… you guys inspired me to buy a piece of land in the woods and placed a tiny house on wheels there… if I plan to retire now my cost of living in the tiny house would be very low since all utilities would cost me $150 only … tiny house and land is paid off , we have our own water well and septic… anyways thank you soo much , you inspired me to do all that when you said your planning to save and retire early and live in an island
Thanks for the update. The market is very volatile these days. Keep calm and stay the course!
Good budgeting! I’m looking at how to generate passive income on investments. What are you currently invested in to gain that return? Thanks!
Hi Vanessa, we have balanced ETF portfolios with CI DIrect Investing, which is a robo-advisor.
Really inspiring guys , congratulations and keep motivated. Cheers from Brazil.
Thanks for the update! You keep me motivated !