I started this series to reflect on our goals and share some things I learned each month. For now, I’ll primarily be tracking our progress to financial independence.
I hope you get some value from this and if you haven’t already, join the Flexcents community as it continues to grow!
Our Progress to Financial Independence (FI)
As of the end of June, we’re now past the 25% away from our FI number ($ we need to retire).
Let’s see if the stock market will allow us to stay here to enjoy the air for a little bit before it dips back down, which it eventually will.
To Financial Independence
It has been a rough few months with some pretty big changes happening in my personal life which led me to liquidate $30,000 worth of investments. There was a slight down-swing while selling, but I was essentially forced to realize some gains.
I am also glad most of the stocks were held longer than a year. Meaning it will be taxed at a long-term capital gain rate which is usually around 10% lower than your ordinary income tax rate.
To learn more about my recent biggest money move, refer to an article I’ve written about The Best $47,000 I ever spent.
Otherwise, feel free to check out the upward trajectory of our progress below.
Learn More About Financial Independence
Toggle through to learn what Financial Independence (FI) means and the VITAL role it plays in allowing you to live your best life.