Happy New Year! Our success with the 2024 goals was hit and miss but now we have a new year to start fresh.  Below are our new financial goals for 2025.

1) Pass our 2034 Net Worth Goal

We ended 2024 with a net worth of $2,363,806.13, 10 years ahead of our net worth goal schedule. We were able to extend our lead thanks primarily to our cryptocurrency assets.   We would like to maintain this 10 year lead and end 2025 with a net worth over $2,500K (our 2035 net worth goal). 

2) Give $6,000 to church

We hit our $5,000 giving goal in 2024 with a total church giving of $9,432.73.  In 2025, we intend to increase annual giving goal to $6,000. 

3) Contribute $9,000 to 529 Plans ($4,500 for each child)

We reached our 2024 goal of $8,000 in contributions with four months to spare, so we decided to bump up our 529 Plans contribution goal again in 2025. We hope to contribute $9,000 total to our kids’ 529 Plans ($4,500 for each child). Our son is currently 13 years old with a 529 Plan balance of $81,500.14 and our daughter is 10 years old with a 529 Plan balance of $57,037.29.  College is rapidly approaching!

4) Maintain savings account balance of $20,000

We had a savings balance goal of $30,000 for 2024 but came up short.  We are going to try a smaller goal for 2025 in hopes that we can reach it and then build from there.  We would like to end 2025 with a savings account balance $20,000 balance.

5) Take two family vacations

In an effort to focus on creating more “memory dividends”, we plan to take two family vacations in 2025.  We hope to go to Scandinavia for an extended vacation and also squeeze in a shorter vacation to Hawaii. 

Happy New Year! We had a great 2024 but came up a little short on some of our 2024 financial goals.  Below are our results.

1) Pass our 2031 Net Worth Goal ($1,740K) SUCCESS

We ended 2024 with a net worth of $2,363,806.13, 10 years ahead of our net worth goal schedule.  It took us 14 years to reach $1M net worth and only another 5 years to reach $2M net worth.  Feeling very blessed! 

2) Give $5,000 to church SUCCESS

We are thankful to have exceeded our giving goal of $5,000 in 2024, giving a total of $9,432.73.

3) Contribute $8,000 to 529 Plans ($4,000 for each child) SUCCESS

We passed our 529 Plan contribution goal of $8,000 in August.  We contributed $4,000 to our 13-year-old son’s 529 Plan and his plan has a balance of $81,500.14.  We contributed $4,000 to our 10-year-old daughter’s 529 Plan and her plan has a balance of $57,037.29. 

4) Maintain savings account balance of $30,000 FAIL

We could provide a number of reasons (excuses) for failing to maintain $30,000 in savings but it comes down to simply not prioritizing this goal.  We ended 2024 with $13,366.35 in savings.  We came up short, even though we could have tightened our belts and likely been successful.

5) Book Mediterranean cruise FAIL

Money is a tool to have experiences, and we did have many fun family vacations in 2024 but we failed to book a Mediterranean cruise for 2025.  We went on a Disney cruise in 2024 and realized that cruising isn’t our favorite way to travel.  We would much rather fly to a destination and stay in a hotel.  So, no Mediterranean cruise was booked.  In fact, we decided to visit Scandinavia in 2025 and postpone our Mediterranean trip until 2026 or later.

We just passed our net worth milestones of $2,510,000 to $2,540,000! Our net worth is currently $2,547,962.71. We passed our last net worth milestone of $2,500,000 earlier this month. We hope to reach our next milestone of $2,550,000 sometime this month.

We just passed our net worth milestones of $2,460,000 to $2,500,000! Our net worth is currently $2,507,629.99. We passed our last net worth milestone of $2,450,000 last month. We hope to reach our next milestone of $2,510,000 sometime this month.

We just passed our net worth milestones of $2,410,000 to $2,450,000! Our net worth is currently $2,450,417.51. We passed our last net worth milestone of $2,400,000 a couple of days ago. We hope to reach our next milestone of $2,460,000 in a few days.

We just passed our net worth milestones of $2,190,000 to $2,350,000! Our net worth is currently $2,352,443.13. We passed our last net worth milestone of $2,180,000 yesterday. We hope to reach our next milestone of $2,360,000 in a few days.

We just passed our net worth milestones of $2,170,000 to $2,180,000! Our net worth is currently $2,188,676.09. We passed our last net worth milestone of $2,160,000 a few days ago. We hope to reach our next milestone of $2,190,000 in a few weeks.

We just passed our net worth milestones of $2,150,000 to $2,160,000! Our net worth is currently $2,168,403.18. We passed our last net worth milestone of $2,140,000 a few days ago. We hope to reach our next milestone of $2,170,000 in any moment.

We just passed our net worth milestones of $2,100,000 to $2,140,000! Our net worth is currently $2,142,586.65. We passed our last net worth milestone of $2,090,000 last month. We hope to reach our next milestone of $2,150,000 in a few weeks.