Watching Our Wealth Grow Over $750,000 in 2022

For starters, The Neighborhood Finance Guy writes about financial literacy topics such as How to Grow Your Wealth, Budgeting, Investment strategies, Retirement tips and more. The goal is to help you make effective decisions and set S.M.A.R.T+E.R. goals with your money.

The information is FREE but the struggle is not sold separately.

Table of Contents

Welcome back TNFG fans and any Newcomers

Hope you are having a wonderful day and an even better year. Budgeting and net worth tracking isn’t the norm but being normal leads to being broke. In contrast, you were not born unique only to die a copy.

Be bold and invest the difference

As for our household, my wife and I are starting off the year with some much needed introspection and load of excitement. Since January 2020, we were able to add +$200,000 annually. The Santa Clause rally and consumer spending in December 2021, pushed us over +$200,000 (again). I really think we can see that much growth in our wealth for 2022.

This will require that we invest as much as $100,000. On top of that, we will have to work those side hustles and wish for better dividend yields. It’s bold and challenging but what’s life without pushing the envelop.

We are definitely on our way to becoming millionaires. Don’t believe me, check out the recap for 2021, “Closing Out $200,000 Richer Again.”

Our Actual Net Worth at Year End

*Inflation and Recession Fears Drove Us Far from the Estimated +$250k

Our Household Annual Expenses For 2022

With Medical Emergencies, Repairs and Travel, Our Total Costs Increased. Compared to 2021

I’m all about Work Smarter, Not Harder to Grow Wealth

Since 2012, my wife and I have been on a mission to revolutionize our lives. So much so, we documented the entire process on The Neighborhood Finance Guy website.

I strongly believe that with the Net Max Financial plan, Americans can cut down the amount of year required to work and become millionaires in less than 20 years. Turns out, we are doing it in less than 10 years.

As bold as that sounds, understanding how money works can help you generate more wealth than your 9-5 ever could. It’s all about working smarter and not harder. Even if some doors close, just focus on the doors that you can open.

At this stage, I’m more concerned with netting +20% to keep up with growing our wealth and inflation. Expenses are slated to increase by 30% in 2040, the struggle season is just beginning if people stay under prepared.

That’s what we do. And that’s what worked for us.

Full Breakdown Of Where All Our $$$ Went in 2012

If you need more information how to process wealth building, check out the Minority Mindset video below.

Building a Million-dollar Investment Strategy grow your wealth

We experienced our first super drop of $50,000 in March 2020. We stuck in through and found that long-term investments favors wealth. Once you establish your financial foundation and stability, the next part is just having fun. And once you master that, rebalance annually or semiannually.

If you do nothing else, just invest in an ETF stock like $VTI or $VOO. I found it to be more beneficial for people to be in the game versus waiting for the right time to jump in. These are all ways to grow your wealth.

Don’t get cute with trying to stock pick or cryptocurrency your way to financial stability. It doesn’t work. Try my patterned tips for increasing your household’s investment potential by 111%.

Invest in a SMARTER Strategy to grow fearless wealth

Unfortunately, Dave Ramsey would definitely disapprove. In 2022, we will likely spend $30,000 on travel via credit cards.

While packing credit card debt is generally a bad idea, if you can manage it well it might be a reward card.

As such, we didn’t want to pass on up to 300,000 credit card reward points for travel in 2023.

Because of this, we will be tracking to be credit card debt free before the year ends. Maybe by Mid Year if we are lucky.

We are very strategic with how we spend and invest to make up the difference.

Our goal is to reach wealth velocity and snowball our way up. But inflation and high prices hit and here we are.

Net Worth Month-to-Month Tracking

	Net Worth	Growth/Loss in Dollar Value	Growth/Loss as a Percentage
January 2022	$652,610	-$8,835	-1.35%
February 2022	$660,876	+$8,265	+1.25%
March 2022	$685,908	+$26,588	+3.88%
April 2022	$700,140	+$14,232	+2.03%
May 2022	$706,511	+$6,371	+0.90%
June 2022	$698,142	-$8,369	-1.20%
July 2022	$744,483	+$46,340	+6.64%
August 2022	$749,017	+$7,461	+1.00%
September 2022	$715,095	-$33,922	-4.74%
October 2022	$744,410	+$29,315	+3.94%
November 2022	$769,961	+$25,551	+3.32%
December 2022	$755,178	-$14,783	-1.92%

*Travel Season Starts – May through December 2022
**Low Estimates for 2022 ($750k) and High Estimates ($780k)
Inflation Hit All time Highs Over 40 Years

Goldman Sachs Economic Estimates for 2022

Here are a few ways to Grow Your Wealth like Us:

Boost Bank Savings to $5,000 and keep 10% dividend cash reserves in investments to buying opportunities in 2023.
To begin with, Invest$1,500 per month in M1 Finance Brokerage focused on Growth and Dividend Income that generates at least $1,000 in passive income in 2022.
- Check out my portfolio in real time for pointers. If you like the platform and want to start investing, I have the $50 for $50 referral for added motivation – https://m1.finance/SYdqDJ2SyADC.
- Likewise, this offer is only available until March 31, 2022, when it will revert to $10 for $10.
Shooting for a sustained investment rate with the push for $500,000 net worth.
- To help monitor your savings, cash flow, net worth, investments, retirement and more FREE with Personal Capital! Sign up with my link & get $20 Amazon gift card. *Terms apply. https://pcap.rocks/lawrencegonz
Work on blog consistency while adding eBooks and eCommerce. Pushing to build out for the next 3 years until we hit $1,000,000 net worth valuation.
- It’s all about doing the right things the right way.

Disclosure:

This post is brought to you by the Neighborhood Finance Guy. We highlight financial literacy information, resources, and more on your way to money management goals and personal wealth. Our goal is to help you make S.M.A.R.T.+E.R. decisions with our money. We do not give investment advice or encourage you to adopt a certain investment strategy. Your personal finance is up to you. If you take action based on one of our recommendations, we don’t earn a dime as of 5.2022. We operate independently.

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