The Money Muse

As 2024 winds down, I can’t help but reflect on the progress I’ve made this year, the lessons learned, and the growth that’s come with navigating both financial and personal changes. It’s been a year of growth, both in terms of my investments and in the personal strides I’ve made toward achieving my goals. I’m so proud of my progress, but there are still challenges ahead, and as I look to 2025, I’m more focused than ever on refining my strategies and staying on track toward financial security and personal fulfillment.

Looking back:

• Incredible gains. Even though 2024 closed in a bit of a slump, the market experienced explosive growth throughout the year. I’m closing out 2024 up $77K from the previous year, which is a huge accomplishment. These gains serve as a reminder that patience and consistency can lead to great things, even when the market is unpredictable.
• Pursuit of personal interests. After spending a lot of time thinking about it, I finally started this blog. It’s been an incredibly rewarding experience to document what I’ve learned about personal finance and share my financial accomplishments with others. I’m really proud that I took the leap and wish I hadn’t waited so long to get started.
• Navigated a big move and lots of change. At the end of 2023, I made the big decision to move to a more expensive city. My cost of living increased significantly, but I was able to plan ahead and adjust without sacrificing my financial goals. Having a side hustle up and running in advance of the move gave me a cushion, making it easier to manage the cost of living increase without feeling the pinch too much.
• Invested in experiences. One of my highlights from 2024 was prioritizing meaningful experiences, especially travel. While I drained my travel fund in 2024 because I didn’t plan properly at the start of the year, I learned an important lesson: saving intentionally for what matters is essential. Despite this, the trips and memories made were worth it, and I’m more prepared to tackle this goal thoughtfully in 2025.

Goals for 2025:

• Build my side hustle. In 2025, I’m aiming to average $1.2K in side hustle income. I’m looking to create an online shop separate from Etsy, and I want to have this up, running, and generating income by Q4 2025. I don’t want to become too dependent on Etsy, and having a diversified income stream is important to me. I’m excited to explore new platforms and continue growing my side hustle.
• Save for travel intentionally. I’m already working on rebuilding my travel fund for 2025 and beyond. This time, I’m taking a more proactive approach, setting specific savings targets for the year’s planned trips while also putting aside funds for future adventures. Travel and seeking out new experiences bring me so much joy, and I want to ensure I can enjoy these moments without financial stress.
• Prepare for another move. The apartment I live in is going to be demolished after my lease ends in October, so I’ll be moving again. I expect my costs to increase significantly because my current rent is underpriced. I’m already researching rent and home prices in different neighborhoods in my area to ensure I make a thoughtful decision. I know there will be an initial flurry of purchases associated with the move – movers, truck rentals, boxes, and necessities – but I’m determined not to overdo it. Boosting my side hustle income will be key in managing the cost of this move without losing track of my financial goals.
• Stay consistent. One of my main goals for 2025 is to keep up the momentum I’ve built this year. I want to continue growing this blog, sticking to my financial goals, and following my curiosity. Someday, when I’m a millionaire, I think it will be fun to look back and see my persistent, slow, but steady progress. Every small step I take today builds the foundation for tomorrow.

As I reflect on 2024 and look ahead to 2025, I’m grateful for all the progress I’ve made and excited for what’s to come. This year has been a reminder that consistency, planning, and adaptability are key to navigating life’s financial challenges and opportunities. While there are some bumps ahead, I’m confident that with a clear plan, a focus on what matters, and the right strategies in place, I’ll continue to make strides toward financial security and personal fulfillment. Here’s to a successful and purposeful 2025!