The first quarter of 2012 has come to an end. Hard to believe really. Seems like it was just yesterday we were celebrating the New Year. The first quarter of 2012 has been a great one for The Stoic Investor, here are a few of the accomplishments so far this year.
- Opened a Roth IRA
- Average savings rate of 81% for the past three months
- Investing In Cash was a success and I have 15k waiting to be invested
- At the end of March I crossed the six figure mark for my net worth!
The last one is a nice psychological milestone. I’ve mentioned before that my net worth was (-) 13,400 in February of last year. I’m very happy to make this much progress in such a short amount of time. Having paid off all of my debts last year I should be able to make even better progress over the next year. It is motivating to see this improving.
I’m going to claim success for the first quarter. So, what does the second quarter look like? My income will come back down to normal levels for the rest of the year now that my “remote” assignment at work is finished. The only big expense in Q2 is my annual leave. Travel expenses tend to have a way of creeping when I go on leave. It was actually one of my top three expenses for last year. I’m going to try to give myself a budget and stick with it this year. Q2 should be another good quarter on the financial front. The biggest goal I’m going to work towards is getting my savings rate to an average of 85%. That is my goal for the year and I think it is doable. Wish me luck!!
How was your first quarter? Any success stories or failures you would like to share? I always enjoy hearing from you guys. It is what makes blogging so much fun!