Q2 2019 Financial Scorecard: Halfway To Financial Independence?
After a setback late last year, 2019 has been good for the ROMT family’s finances.
During the second quarter, we continued to make progress on each of the three metrics we are tracking on our path towards early retirement and financial independence – net worth, 529 account funding, and passive income.
The resilient U.S. stock market was the primary driver of our good results. The S&P 500 rose by 3.8% in the second quarter, as strong performance in April and June offset a decline in May. During the first six months of 2019, the S&P 500 climbed 17% – its best first half performance in 22 years! As the second half of the year begins, the U.S. stock market is once again near all-time high levels.
It has been two years since we introduced our quarterly financial scorecard, and with our target early retirement date now just two years away, our recent progress has me believing we may really be halfway to financial independence!