It has now been well over a year since I started Retiring On My Terms and began chronicling our quest for financial independence and early retirement.
This marks the fifth quarterly financial scorecard I’ve posted on these pages. I’m pleased to report we made good progress on each of our financial independence and early retirement goals during the second quarter, increasing our Net Worth, 529 Account Funding, and Passive Income.
The S&P 500 climbed by nearly 3% from the beginning of April through the end of June, which provided a nice tailwind for our finances. That said, we still have A LOT of hard work ahead of us if we expect to achieve our Target FIRE date of Friday, July 2, 2021!