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Next-Level Financial Freedom: 2K22 Goals Progress

Take a look at my financial work.

By TheBusinessPeriodPublished 6 months ago 3 min read
Next-Level Financial Freedom: 2K22 Goals Progress
Photo by IA SB on Unsplash

In January, I created a financial goals list for 2022. I want to say I started doing these yearly goal checklists in 2021, however, I wasn't confident in my ability to measure those goals in real-time. Last year, my money was funny, and my saving habits were wack. Now, I enable the right tools to stay on track and accurate. Let's take a look at my progress:

$2,000 in total investments

I started getting into investing last year. I like investments because of two reasons: my future self will benefit and I love dividends! I have pre-tax contributions for my 401(k) plus an employer match, and I also contribute $50/paycheck to my personal investing account. I'm about $500 away from completing this goal.

$500 emergency fund

Prior to this year, I never understood the importance of having a fund separate from a savings account. But now, it comes in handy for anything unexpected. For example, last week I caught a flat tire, thanks to a pothole. Only took $55 to replace it but the fund came in on clutch time. 

I completed this goal back between late February and early March. During my time working for a non-profit, I used the 50/30/20 budget to make this goal happen. Now, I'm using zero-based budgeting to add to my fund.

Create an HYSA fund

This was the first goal I completed in January. I needed a place where I can hold my money aside from my normal bank. Limited transactions. Marcus by Goldman Sachs is a great high-yield saving source with no maintenance fees and an APY of 1.20%. I highly recommend it!

$3,000 in side hustle income

This goal is the most difficult one out of the pile. Between my 9–5 and personal life right now, I became sure that I cannot hit the $3000 mark. To mitigate, I reduced it to $1,500. It's more reasonable and manageable based on my priorities. Currently, I crossed into earning a little over $700. It's still 5 months left in 2022. I'm going to make it work in my favor!

$3,000 in student loans paid for in 6 months

Student loans are one of the biggest financial burdens in the American economy. It's a burden I want to remove as fast as possible. Last month, I completed this goal through careful planning and a steady paycheck. I cannot say I have a strategy for this. It's simple: budget this every time you get paid. 

Land a 9–5 job

Job searching came tough after I quit my stressful, and low-paying underwriter job last August. I started that job the first week of July. Knew I didn't want to be there and knew I needed something better. I literally made it through the last day of training and then turned my badge in. It wasn't worth the $16/hour. 

From the time I quit to January 2022, I was stuck in the interviewing stage. It was either hey you're 'too qualified' or do not have enough experience. I got fed up until a tech non-profit decided to take a chance on me. 

I was part-time up until April when I got a call from a marketing agency offering me a full-time job offer as an Associate Project Manager. After about five months of searching, I finally secured a 9–5! I love my work, I like the people I work with, and I'm focused on building my skills to increase my salary!

$3,000 in a travel fund

This September, I am taking a trip with some friends to celebrate our friend's 27th birthday. Every paycheck, I send a portion to my travel fund. Currently, I have about 58% saved up. I intend to close out this goal by the last week of August!

The net worth of -$30,000

I finished out 2021 with a net worth of -$46,000. That was a bright spot considering in 2020, my net worth was -$50,000. Currently, between paying down debt and increasing my savings, I'm tip-toeing around the -$38,000 mark. Based on my monthly salary, I will reach this goal before December is here.

This year versus last year

Summing it up

Financially, this is the happiest I've been since I started my debt-free journey. I've completed more goals during the first half of this year than all of 2021. I'm more motivated, I have a steady paycheck, and I have some skin in the game. I'm seeing the growth every day. I see what my future can be like. This is my year!

personal finance

About the Creator


Writing about life experiences, personal finance and, career insights that impact the millennials and Gen Z culture.



Medium: @thebusinessperiod

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