My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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Backgrounder

Contributed by mm | January 1, 2003 01:18 AM PST

This is a personal journal to track my progress to accumulate enough wealth to retire by 40 (Year 2016).

I start to keep track my personal finance in June 2002 when my net worth was around US$47k. By my current estimate, I need to have a net worth of US$1,000,000 to comfortably retire with my wife back in China (my home country) and experience my other interests. I believe this goal is achievable with hard work, discipline and smart personal finance management.

I plan to analyze my progress at least monthly, and write down day-to-day thinkings about personal finance issues regularly. This should be a good journal for anyone who is interested in accumulating a meaningful moneypile from scratch.

If you have any suggestions or questions, please feel free to contact me. My email address is webmaster@pfblog.com.

This post has 2 comments. Read and share your opinions.

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"Retirometer" (January 16, 2003)
In my monthly scorecard, I report "Month-to-Retire" as a key metric of the progress of my retirement plan. This metric is defined by using the "retirometer" process. Read

Year 2003 Financial Objectives (January 02, 2003)
Here are my top-level financial objectives for Year 2003: Read

Read all 41 articles in the same category.

Comments

>>> clymberz Commented on June 13, 2004

Hey bud, not to split hairs but you should state that you need $1M in today's dollars. ...not just $1M....

>>> Arnold Tukker Commented on September 27, 2004

Dear Sir,

Great website and initiative. Just one question about your goal. 1 Million US$ is probably enough to retire at 40, go back to China and live there comfortably at CURRENT price levels. But China is the world's future economic powerhouse and what if price levels will shoot up in the next 10-20 years like they have done in Korea and Japan the last decades? Maybe buying your house/property in China as soon as possible is a good plan.

Good luck, Arnold

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Read More ... 41 Posts In The Same Category

02/11/06 | The 2006 Financial Plan

02/02/06 | Monthly Review - January 2006 ($426,753, +$26,206) | (6)

01/01/06 | Monthly Review - December 2005 ($400,548, +$6,250) | (7)

12/03/05 | Monthly Review - November 2005 ($394,298, +$40,622) | (13)

11/05/05 | Monthly Review - October 2005 ($353,676, +$89,790) | (10)

10/04/05 | Monthly Review - September 2005 ($263,886, +$1,832) | (4)

09/07/05 | Monthly Review - August 2005 ($262,054, +$23,273) | (3)

08/03/05 | Monthly Review - July 2005 ($238,781, +$7,662) | (4)

07/07/05 | Financial Goal Restated | (21)

07/05/05 | Three Years in Five Charts | (6)

07/03/05 | Monthly Review - June 2005 ($231,119, +$4,376)

06/02/05 | Monthly Review - May 2005 ($226,743, +$6,465) | (23)

05/03/05 | Monthly Review - April 2005 ($220,278, +$11,945) | (2)

04/05/05 | Monthly Review - March 2005 ($208,333, +$2,991)

03/02/05 | Monthly Review - February 2005 ($205,342, +$4,646)

02/04/05 | Monthly Review - January 2005 ($200,696, +$5,175) | (3)

01/26/05 | Year 2005 Financial Objectives | (2)

01/21/05 | 2004 Performance Grade: C+

01/07/05 | Monthly Review - December 2004 ($195,522, +$7,150)

01/03/05 | 2004 Savings Scorecard | (1)

12/02/04 | Monthly Review - November 2004 ($188,372, +$11,947)

11/01/04 | Monthly Review - October 2004 ($176,425, +$3,150)

10/01/04 | Monthly Review - September 2004 ($173,275, +$4,418) | (6)

09/02/04 | Monthly Review - August 2004 ($168,857, +$12,062)

08/01/04 | Monthly Review - July 2004 ($156,795, +$4,577) | (2)

07/01/04 | Monthly Review - June 2004 ($152,219, +$3,209) | (1)

06/01/04 | Monthly Review - May 2004 ($149,010, +$4,384)

05/02/04 | Monthly Review - April 2004 ($144,626, +$2,334)

04/02/04 | Monthly Review - March 2004 ($142,292, +$2,287)

03/04/04 | Monthly Review - February 2004 ($139,905, +$3,653)

02/01/04 | Monthly Review - January 2004 ($136,252, +$3,668)

01/06/04 | Year 2004 Financial Objectives

01/04/04 | Results of Year 2003 Financial Objectives

01/04/04 | Monthly Review - December 2003 ($132,584, +$8,123)

12/31/03 | Year-End CFI Summary

11/30/03 | Monthly Review - November 2003 ($124,461, -$105)

11/01/03 | Monthly Review - October 2003 ($124,556, +$4,663)

10/01/03 | Monthly Review - September 2003 ($119,902, +$10,576)

01/16/03 | "Retirometer" | (1)

01/02/03 | Year 2003 Financial Objectives

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