Fired! 18-month Net Worth Report

I’m about to hit my 18-month anniversary of being fired from my highly successful career. It’s still hard to grasp that singular event, which feels like a bad hangover that I can’t seem to recover from. But I’m confident that things will turn around in the next three months and money will start rolling in. Today, I’m stuck with reality – I have been sinking my personal funds into building a business and I am still at zero sales. I’ve been living off of my personal savings for 18 months. So how’s my net worth holding up?

Still a Millionaire

I feel poor! Seriously! I’ve been sinking money into the business – $57,800 so far – and haven’t earned any money in 18 months. But my net worth doesn’t lie. When I lost my job, my net worth was $1,143,202 (retirement funds accounted for 67% of assets). Today, my net worth is $1,156,537, an increase of 1.2%. I’ll take it!

Dwindling Cash

I spent decades saving large chunks of my paycheck, so I am really uncomfortable watching my savings and investment accounts dwindle. But then I remind myself that I have spent the last year and a half investing in myself. I created the Early Exit Academy, where I house my financial independence courses. Plus, I’m in the process of revamping Better Life Challenges – I’ll be offering guided 30-day challenges this fall. If that weren’t enough, I am a student in the Financial Coach Academy (affiliate link) and am building my coaching business at I’ve been busier than ever and I’ve jammed so much new information into this brain that it’s a wonder I can still carry it in my head!

My goal has been to live off of my non-retirement savings and investments until my business produces an income. And magically (well, thanks to some great investments like WELL), I’m hanging in there. I started with $82,616 in savings and investments. Then I got a nice payout for my accumulated leave, boosting that number up to $105,159. But my business expenses are starting to pick up and the next quarter looks wicked, thanks to rolling out another website and increasing my advertising efforts. But I have enough cash to easily get me through the end of the year. By January 1, my goal is to have 20 students in my Jumpstart Workshop, several coaching clients, and hundreds of people signing up for my guided challenges. I feel confident that I can pull it off. So come January, my money worries will be behind me!

18-month net worth

Backup Plans

So what happens if January comes and I still don’t have any income? I don’t want to go there! I know I have excellent products and will be an exceptional financial coach, so my biggest challenge is marketing. And I may have finally found someone who can help me on that end. So failure really isn’t an option.

Should I need a steady income in the new year, then I can find a traditional job. I have a lot of positives going for me:

  • I have no debt.
  • My retirement funds are intact.
  • I own my house.
  • My living expenses are low.

It wouldn’t take me long to restore the savings I’ve spent these past 18 months. So while I don’t like to think about the worst case scenario, it’s pretty comforting knowing that I remain on solid financial ground. I’ll be just fine!

About the Author Brenda

Dr. Brenda is a financial coach, educator, researcher, and sociologist. In addition to blogging at The Five Journeys, she is the founder of the Gutsy Women Club. Her passion is guiding people on their journey to financial freedom through coaching at DrBrendaMoneyCoach and online courses at

  • Man I’ll take your million in investments any day! You sound like you worry a lot like me! And you’re in WAAAAAY better financial shape than me. Good luck ramping up your business in the next couple of months. Hang in there!

    • Brenda says:

      Thanks! Yes, I am in good shape. Guess what I’m up to next? Will be trading in my house to live/work on the road in an RV. It’s time to be adventurous again!

  • >