I like to think of the third little pig as myself, but I don’t really know if I”m really qualified to make that claim. In my last post I stated that I’m really more of a Pig #2 1/2 or even a Pig #2 3/4 than the full pig 3 type.
Pig #3
If you are new to this storyline, the basis of all three little financial pigs are two of my childhood friends and myself. I blog about each of their stories in the original articles listed below:
So now onto my update, have I made progress? Yes, my net worth has increased by much more than $10,000 since last year. Part of that increase was in my investments such as my 401k and my regular brokerage account. Most of the increase has come from the saving of my paycheck into these investment accounts. It’s a long rhythmic journey this point forward. I like to think of it as a long almost straight road with a slight incline.
The Steps that I’m currently taking on my journey are:
- Earn money from being employed
- Save more than 20% of the earned money
- Invest that 20% amount into investments
- Repeat until wealthy.
It’s not glorious, but it’s a solid path and plan.
Unfortunately the steps above will never get me to the superrich level though, but I should be able to make it to a lower level of a millionaire next door type.
I think the most important aspect to remember is to start doing it, and the sooner the better. I’ve been guilty in the past of having slow starts with tasks, but over time I’ve learned (and I’m still learning) that your attempt doesn’t have to be perfect the first time. It’s much more important to start the task than to worry about getting it perfect or even right.
Hopefully this year my net worth will grow at a quicker rate.
Cheers,
MR