March Total Income:
Another solid month of lots of work for the both of us, still blows my mind that we make 50-60k a month now as that’s what I’d make for an entire year as a resident.
Expenses
Fairly standard month for us, we booked a vacation for the fall on our credit card so the bill is a little bigger than normal. We also had our HOA quarterly bill so our expenses are a little higher this month overall.
Investments
Ouch, despite pumping in over $180k this year, market has turned negative for the year. I am still heavily invested in US Growth (largest holding is VUG), which have gotten crushed this year. Tough to swallow, but I am changing nothing in my plan. Everyone seems to be jumping to international stocks. I remember in 2022, everyone was jumping to syndications and ibonds when the market was crashing. I just kept buying then and those are some of my best investments ever. Just keep buying.
My 2025 401k and 2024 DB plan is fully funded, I’ve decided to also partially fund my DB plan for this year (2025) given the market downturn to get some more money in. My wife will have her 401k plan maxed in April and well get to work on her 457.
Investment Accounts:
We keep pumping money in but the market keeps on its downswing. We are staying the course but never full to see your accounts drop despite the aggressive funding.
My Financial Goals for 2025
- Hit $2 Million in investments. Now seems far away with the market drop and pulling money out to pay my debt, but time will tell!
- DONE- PAID OFF IN FEBURARY!!!! Pay off remaining student loans. I start the year with ~$95k left in student loans refinanced to 1.1%. I know mathematically it makes zero sense, but I only have two years left on them regardless. I plan to fully fund my retirement accounts in the first quarter of 2025 and then have them gone by midway through the year.
- Work less? I said that last year, didn’t happen.
-AMJ