As we look back at 2016 in review, I can take pleasure in knowing that despite the setbacks, we’re in a good place and well-prepared for the future.
Here are a few of the highlights:
1/ This was the first full year for Financial Slacker. And while you never know how the future will unfold, I predict looking back one day with the realization that creating this site was one of the smartest moves I made.
2/ As a result of creating and building Financial Slacker, I expanded my skill set to include digital media, social media, and online marketing. For someone who has spent the majority of the last 20 years analyzing numbers, identifying trends, and managing people, this represents a great skill addition.
3/ Also, this site has opened the door to a community of like-minded individuals with a common interest in making better financial decisions. I’m looking forward to continuing to build on these relationships in the coming year.
4/ While our personal income took a little bit of a hit this past year, we have more than compensated by reducing unnecessary expenses thereby keeping our savings rate consistent. And we’re on track to return to our historical income level if not surpass that level.
5/ Taking over management of our personal investment portfolio has provided the confidence to invest in assets not previously available. This resulted in greater diversification and stronger returns than ever before.
6/ We’re positioned to continue expanding our self-employment journey. With a consistent cash flow and a solid capital base, we have the resources to make a number of strategic investments over the coming months. As always, the challenge is finding ways to deploy your capital.
This year has been interesting to say the least. From a presidential election unlike anything we’ve seen in the past, to a period of tremendous social unrest highlighted by the election, to a wild stock market that unexpectedly rocketed upward to record highs over the last two months of the year.
I’m sure the coming year will continue to surprise with ups and downs.
I hope everyone has a fantastic New Year’s Eve!
Readers, when you do your own 2016 in review, what significant events stand out? Are you better off today than you were 12 months ago?