At the beginning of the year, I had a stretch goal in mind. Which is to reach $1m in net worth by the end of the year. It would have required an annual increase of $240,000 or average monthly increase of $20,000 to reach that goal. I didn’t think it was possible during the 1st half of the year. Especially with our household expenses climbing as spending on the baby went up, bear markets due to lockdowns from the virus crisis and increased retrenchment fears because of the recession. The situation started improving in the 2nd half of the year as our household expenses stabilised, markets rebounded due to improvements in the virus crisis and lowered retrenchment fears because of the recovery. This goal came back into focus and I finally reached it with my end Nov 2020 net worth update. 1 month before the end of the year.

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