Setbacks are bound to happen

About a year ago on my personal blog, I had pledged to becoming a millionaire by the time I was 30 and doing anything and everything to get there. The whole idea of that was to become more educated in the aspects of money, keep myself accountable, have a way of keeping track and just overall documenting my process online so others could learn as well.

I started off better than I expected! I was saving a lot of money, cutting costs where I could and increasing my overall net worth. But as time went on, life got in the way. I’m sure all young adults can relate. Life gets busy, unexpected plans come up, work becomes stressful and other situations like that. My good money habits started to fall by the wayside. I had accepted the goal before I understood the sheer magnitude of what I was taking on. Especially with the short timeline of 6 years.

I started to think about how that happens in life in all different situations. Setbacks are a way of life; they allows us to learn, to grow and to become better people. I learned the hard way that they teach you patience and experience. You come out stronger and more prepared. Isn’t that what life is all about?

“Experience is what you get when you didn’t get what you wanted. And experience is often the most valuable thing you have to offer.” – Randy Pausch 

With that, I took a step back. I am still trying to be a millionaire but I am more knowledgable about how to do it and how to maintain those habits long term. I am starting to cut costs again, watch where my money is going and get back my horse. Over the last few months I have learned a ton about investments and am saving more than I thought I ever would. This whole experience has taught me that sometimes you have to be knocked down in order to find your way through.

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I also have to give credit where credit is due. Janine has been a huge part of my inspiration to even do this. She is very knowledgable and I have been able to learn many things about money from her and her blog. She is also on the path to becoming a millionaire and I think it’s fantastic and can’t wait to see her progress! I have always been interested in how others see and do personal finance and it allows me to learn a lot from them.

Have you ever had any setback in your personal finance journey?


  1. Yes, it’s called Murphy. Things are always coming up. My wife was in a car accident last year and was out of work for over a year. Our main concern was her health, It was a bump in the road in our finances, she has recovered now and is back to work. You just need to stay motivated no matter what yo are faced with. It it pass.

    • Really sorry to hear about your wife, but glad to hear she is okay. Setbacks can be tough, but health is always more important than money, at least in my opinion

  2. A good reminder that sometimes things just don’t go as planned sometimes! Doing the take one step forward and two steps back shuffle is something we all have to deal with and overcome. You can learn a lot when Plan A becomes Plan B, though – the important thing is to stay inspired and focused and that sounds like exactly what you’re doing!

    • Absolutely, definitely all about having multiple plans when setbacks happen. One of my favourite quotes is “if plan A doesn’t work, don’t worry there are 25 other letters in the alphabet”

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