Fixing Past Financial Mistakes: a Bachelor and Wealth Builder
2018 was the year that I finally moved beyond my financial mistakes. Lost friendships but gained so much more. You have to move Forward.
One thing that I’ve noticed about growing older; at first you expand your circle and later you contract it. While it will be jarring for many but you will lose friends along the journey to become a better you. This doesn’t mean that you end up burning bridges, instead, the road split, and you eventually part way.
2018 was that type of year for me.
Table of Contents
Growing Beyond My Financial Mistakes
The girlfriend and I ended up going skiing for the first time and we didn’t break a lot of bones. We also took in the sights and sounds of DC from plays to theater etc. Additionally, we set down ground plans for the Eurotrip in 2019. 12 Countries in 14 days is a grand undertaking but we are ready for it.
On top of all of that, I attended two weddings and met my future in-laws. As a life bonus, I interviewed with some of my favorite podcasts.
*Much to do about nothing in DC.
In the end, I took home about $50,000 and spent $35,000 on expenses. The rest went to investments and travel. You can definitely do what you want when you forgo doing all the things society tells you to do.
Uncomfortable Growth
Didn’t know how many meetings my girlfriend’s mom and dad would impact me. I felt like I was growing up for the first time. The idea of what the man of a household was, and the responsibility…
Without any examples growing up, the task was daunting. I had to confront for the last time that I was not valueless. To be “valued and valuable.” I wasn’t someone’s mistake or an afterthought – even I had a purpose beyond that.
If you encounter your moment here are two videos that might give you perspective. I know it doesn’t solve anything but it’s just perspective to help you on your way.
In the end, you will have to mend mistakes that you didn’t create. You will have to recreate a better version of yourself. This is one of the lessons of Financial literacy.
2018 Month to Month Breakdown
| Ending Net Worth | Growth/Loss in Dollar Value | Growth/Loss as a Percentage | |
| January 2018 | $62,289.51 | $33,863 | 119.13% |
| February 2018 | $66,001.53 | $3,712 | 5.96% |
| March 2018 | $73,897.13 | $7,896 | 11.96% |
| April 2018 | $78,353.52 | $4,456 | 6.03% |
| May 2018 | $83,757.34 | $5,404 | 6.90% |
| June 2018 | $85,809.38 | $2,052 | 2.45% |
| July 2018 | $99,125.26 | $13,316 | 15.52% |
| August 2018 | $105,178.43 | $6,053 | 6.11% |
| September 2018 | $116,066.17 | $10,888 | 10.35% |
| October 2018 | $115,340.12 | -$726 | -0.63% |
| November 2018 | $118,019.00 | $2,679 | 2.32% |
| December 2018 | $116,718.74 | -$1,300 | -1.10% |
Jump Start Your Journey beyond your financial mistakes
- Investing $1,500 per month in M1 Finance Brokerage focused on Growth and Dividend Income that generates at least $1,000 in passive income in 2021. Check out the portfolio in real time. If you like the platform and want to start investing, I have the $20 for $20 referral if you need it – https://m1.finance/SYdqDJ2SyADC.
- Shooting for a sustained investment rate with the push for a $500,000 net worth. To help monitor your savings, cash flow, net worth, investments, and retirement. Free with Personal Capital! Sign up with my link & get a $20 Amazon gift card. *Terms apply. https://pcap.rocks/lawrencegonz
- Build out Financial Literacy Workshops – Setting new goals and pushing the community forward.
- Choose to constructively pay down debts.
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