Author Topic: Race from 10 to 100k!!  (Read 381615 times)

repman

  • 5 O'Clock Shadow
  • *
  • Posts: 14
    • Google document
Re: Race from 10 to 100k!!
« Reply #1500 on: December 11, 2017, 12:50:33 PM »
Nov 2017     65.000
Dez 2017     69.000  a frugal month and a christmas paycheck !

Next Milestone 100.000 in 02 2019
« Last Edit: December 22, 2017, 02:21:05 PM by repman »

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1362
  • Location: US
Re: Race from 10 to 100k!!
« Reply #1501 on: December 11, 2017, 12:57:59 PM »
How hard is the first $100k compared to say the first $250k, and then the first $500k, etc?

I'm finding it pretty hard to be honest but hoping it gets easier hitting the bigger numbers with time and compounding...

The first $100k was by far the hardest part for me.  If you can get through that first heavy lift, it goes faster and easier after that.  You just have to have faith and keep going.  This stuff is real, and you've got this, JuicyCrab.  You can do it!

Svoboda

  • 5 O'Clock Shadow
  • *
  • Posts: 10
Re: Race from 10 to 100k!!
« Reply #1502 on: December 13, 2017, 02:57:38 AM »
Might as well join the race :) 100k seems so far away.

Savings/investments:

Jan 17: 14,616 (found MMM)
Dec 17: 37,449
.
.
.

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1362
  • Location: US
Re: Race from 10 to 100k!!
« Reply #1503 on: December 13, 2017, 03:05:20 AM »
Welcome Svoboda!  It won't be that long.  You're doing great, and life happens in the meantime.  :)

Nederstash

  • Bristles
  • ***
  • Posts: 269
Re: Race from 10 to 100k!!
« Reply #1504 on: December 13, 2017, 04:58:40 AM »
Welcome Svoboda!  It won't be that long.  You're doing great, and life happens in the meantime.  :)

Trifele, it's great to see you being so welcoming and supportive to everyone on this thread! I'd like to join you in saying to everyone: well done and keep going!!

NevermindScrooge

  • 5 O'Clock Shadow
  • *
  • Posts: 44
  • Age: 34
  • Location: Noord Nederland
Re: Race from 10 to 100k!!
« Reply #1505 on: December 14, 2017, 02:08:09 PM »

Below my numbers, savings and investments only:

July 2017:            7.208 <--- Discovered MMM
August 2017:        8.918
September 2017:  9.480
October 2017:      10.225
November 2017:  10.906
December 2017: 16.738 /$19,728 (+ 5.832) - frugal month and a generous gift!



ardrum

  • Stubble
  • **
  • Posts: 145
  • Location: Ohio
Re: Race from 10 to 100k!!
« Reply #1506 on: December 15, 2017, 05:32:46 PM »
Great progress being demonstrated in here!  I just love the "race" threads (I look at all of them, big and small).  It's just motivating to see so many people continuously tracking and progressing through different challenges.  I'm hoping to graduate from this one before spring hits.  I'll officially update at the start of the month, but there's a small chance I could hit an even $90k NW by new years, which I'd be thrilled to see. 

JAYSLOL

  • Pencil Stache
  • ****
  • Posts: 873
Re: Race from 10 to 100k!!
« Reply #1507 on: December 16, 2017, 11:52:12 PM »
I started tracking spending a few years ago, but only started tracking net worth 5 months ago.  So far I've averaged $637 gain/week over the last 19 weeks taking me from $50.5k to $62.6k in that time.  I'm joining the race! And setting myself a goal to hit $100k by the end of 2018 which means I need to bring that average up to $720/week which is going to be tough but anyway that's the point

seventytimes7

  • 5 O'Clock Shadow
  • *
  • Posts: 29
Re: Race from 10 to 100k!!
« Reply #1508 on: December 18, 2017, 03:01:43 PM »
I fell behind in updating with work and a new house, which also means a dip in invested assets. So now I'll shall use LNW (liquid net worth) to exclude equity? Which means dip in invested assets, but means a house that I love.

2/1/2017   - ($6,832)
3/1/2017   -   $66
4/1/2017   - $ 6,298
5/1/2017   - $12,179
6/1/2017   - $17,418
7/1/2017   - $21,303
8/1/2017   - $28,136
9/1/2017   - $29,233
10/1/2017 - $35,076
11/1/2017 - $40,626
12/1/2017 - $44,564 NW - $20,282 LNW


Slow&Steady

  • Bristles
  • ***
  • Posts: 477
  • Location: Midwest
Re: Race from 10 to 100k!!
« Reply #1509 on: December 19, 2017, 08:36:19 AM »
Code: [Select]
        401K        IRA Invested Total Home Value Rental Value Debt         Total NW
Dec-13 $43,660 $0         $43,660 $120,000 $120,000 $232,000 $51,660
Dec-14 $52,943 $0         $52,943 $125,000 $125,000 $227,000 $75,943
Dec-15 $55,622 $0         $55,622 $130,000 $130,000 $227,000 $88,622
Dec-16 $68,870 $700 $69,570 $200,000 $130,000 $281,000 $118,570
Feb-17 $74,784 $700 $75,484 $200,000 $135,000 $281,000 $129,484
Apr-17 $78,946 $1,026 $79,972 $200,000 $135,000 $281,000 $133,972
May-17 $80,007 $1,040 $81,047 $240,000 $135,000 $281,000 $175,047
Jun-17 $82,048 $1,057 $83,105 $240,000 $135,000 $306,000 $152,105
Jul-17 $84,508 $1,075 $85,583 $240,000 $135,000 $306,000 $154,583
Aug-17 $85,737 $1,075 $86,812 $240,000 $135,000 $306,000 $155,812
Sep-17 $86,830 $1,079 $87,909 $240,000 $135,000 $319,000 $143,909
Oct-17 $89,275 $1,100 $90,375 $240,000 $135,000 $319,000 $146,375
Nov-17 $91,994 $1,124 $93,118 $240,000 $135,000 $317,000 $151,118
Dec-17 $94,085 $1,124 $95,209 $240,000 $135,000 $317,000 $153,209

I had a goal of $90k in the 401k by the end of the year, I made it!!  There should be a pretty decent dividends increase in Dec, not sure if I will be able to hit $95k in the 401k alone before the end of the year but it seems pretty likely in the combination of the 401k and IRA I might even hit $95k in the 401k alone before the end of year.  It would be really cool to graduate from this before baby #2 comes in March!

I was reading some of the other "Race from" threads and decided that although I don't count true NW it would be nice to look back and see it so I figured I would add it!  I am staying in this thread because the "Invested Total" is the column that I am tracking.

I know I really shouldn't be looking at the balances this often but as of this morning (who knows if it will last) the 401k is just above $95k.  Once the Dec contribution and any dividends are added (assuming this growth doesn't take a nose dive before the end of the year) we should be really close to graduating this race. I think Jan I am going to be really tempted to add enough to the IRA to get us over that $100k mark, must remind myself that savings should be left alone until after baby arrives.

arob54600

  • 5 O'Clock Shadow
  • *
  • Posts: 24
  • Age: 31
  • Location: Saint Louis
Re: Race from 10 to 100k!!
« Reply #1510 on: December 21, 2017, 08:33:09 AM »
About half of my Christmas bonus went in to my 401k. I am happy and bummed all at once. Can't wait to see where I fall at the end of this month.

frugalfanny

  • 5 O'Clock Shadow
  • *
  • Posts: 70
Re: Race from 10 to 100k!!
« Reply #1511 on: December 23, 2017, 06:32:46 PM »
November 2009: Graduated from grad school with $52k student loans and 5k in the bank.
November 2010: -$41,165
November 2011: -$26,332
November 2012: -$7,560
November 2013: $8,748
November 2014: $21,464
November 2015: $27,355
November 2016: $50,207

February 14 2017: $60,724

October 4, 2017: $88,757

Will certainly cross $90k, maybe $95 this year... three paychecks in December will give me a boost! So close!

December 23, 2017: $99,060

I will get my third paycheck of the month (~$1600) on Dec. 29.  :) :)  Graduation to the next level imminent. See you on the other side! Many many thanks to you all for being so dang inspiring.

Keep on keeping on!

JAYSLOL

  • Pencil Stache
  • ****
  • Posts: 873
Re: Race from 10 to 100k!!
« Reply #1512 on: December 23, 2017, 09:10:45 PM »
November 2009: Graduated from grad school with $52k student loans and 5k in the bank.
November 2010: -$41,165
November 2011: -$26,332
November 2012: -$7,560
November 2013: $8,748
November 2014: $21,464
November 2015: $27,355
November 2016: $50,207

February 14 2017: $60,724

October 4, 2017: $88,757

Will certainly cross $90k, maybe $95 this year... three paychecks in December will give me a boost! So close!

December 23, 2017: $99,060

I will get my third paycheck of the month (~$1600) on Dec. 29.  :) :)  Graduation to the next level imminent. See you on the other side! Many many thanks to you all for being so dang inspiring.

Keep on keeping on!

Congrats!  See you at the next level this time next year I hope

dreadmoose

  • Stubble
  • **
  • Posts: 130
  • Age: 31
  • Location: Canada
  • Just starting out..
Re: Race from 10 to 100k!!
« Reply #1513 on: December 27, 2017, 02:38:05 PM »
   Jul 1, 2016      -$19,048.00    
   Aug 1, 2016      -$18,739.00    
   Sep 1, 2016       $9,463.00    
   Oct 1, 2016      -$25,832.00    
   Nov 1, 2016      -$25,621.00    
   Dec 1, 2016      -$25,405.00    
   Jan 1, 2017      -$25,189.00    
   Feb 1, 2017      -$24,977.00    
   Mar 1, 2017      -$21,759.00    
   Apr 1, 2017      -$15,838.00    
   May 1, 2017       $7,477.00    
   Jun 1, 2017       $16,623.25    
   Jul 1, 2017       $27,638.49    
   Aug 1, 2017       $39,025.21    
   Sep 1, 2017       $49,626.13    
   Oct 1, 2017       $59,438.41    
   Nov 1, 2017       $71,949.94    
   Dec 1, 2017       $82,267.23    
   Dec 29, 2017       $110,473.03     (+38,523)

Blew past it this month, posting a few days early as I won't be around a computer through New Years. Cashed out a lot of overtime as an RRSP bonus straight into my Questrade account along with the normal $8K a month.

Super happy and grateful to be graduating this thread, can't wait to see everyone in the next one!

[Edit was to fix the last date on the table, used to read Dec 1, 2017]
« Last Edit: January 02, 2018, 01:06:48 PM by dreadmoose »

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1362
  • Location: US
Re: Race from 10 to 100k!!
« Reply #1514 on: December 28, 2017, 04:17:55 AM »
Dreadmoose that is fantastic!!!  Huge congratulations, and best of luck on the rest of your journey!

L2

  • 5 O'Clock Shadow
  • *
  • Posts: 78
  • Age: 27
  • Location: Ohio
Re: Race from 10 to 100k!!
« Reply #1515 on: December 28, 2017, 07:18:12 AM »
First time poster. Reckon I fit in this thread pretty well.

Savings/investments: $30,442

Cc debt (0% apr) - $3,411
Student loans (7.9% apr) - $8,856

Total - $18,175

Currently looking to build up a 3-6 month emergency fund and then kill the remaining debt.

You should be able to refinance that student loan debt in the meantime and save anywhere from 3-4%. When I did mine I searched around Earnest seemed like the best. If you decide to do it and go with them, I can provide a referral code for a free $200 for ya.

LittleWanderer

  • Stubble
  • **
  • Posts: 123
  • Location: USA
Re: Race from 10 to 100k!!
« Reply #1516 on: December 28, 2017, 08:25:42 AM »
Wow, Dreadmoose, that's pretty amazing to do in a year and a half!  Congrats!!


LittleWanderer

  • Stubble
  • **
  • Posts: 123
  • Location: USA
Re: Race from 10 to 100k!!
« Reply #1517 on: December 28, 2017, 08:29:08 AM »
November 2017 - $10,267
December 2017 - $11,208

Hard to believe those numbers are mine!  I started out the year with about a grand, so I'm happy with how far I've come on a $40K salary.  This is the richest I've ever been!  (And I hope to say that every month going forward.)

martyconlonontherun

  • Stubble
  • **
  • Posts: 165
Re: Race from 10 to 100k!!
« Reply #1518 on: December 29, 2017, 08:34:07 AM »
I'm crashing two threads and this will be my joint account. I like my personal one since it's easier to motivate myself then my wife, but it still nice seeing the change in combined NW/Investments which is what matters.

29dh/29dw
Combined 120k income
Midwest City

09/01/2017: $65k Investments/$59k Net Worth
10/01/2017: $68.3k Investments/$65.6k Net Worth
10/27/2017: $72k Investments/$70.5k Net Worth
12/4/2017: $76.5k Investments/$81.9k Net Worth
Original Goal: graduate this thread by March with NW.
12/29/2017: $79.1k Investments/$84.8k Net Worth

clarkai

  • Stubble
  • **
  • Posts: 212
Re: Race from 10 to 100k!!
« Reply #1519 on: December 29, 2017, 09:39:36 AM »
I'm jumping into this, because I was going to join the save to 10,000 thread, but then realized I actually already had $10,000 in my retirement.

I'm still not sure of everything, so there might be mistakes. I'm going to focus on building investments first, before paying off my debts, because they are all less than 5% over the treasury rate. After I get an emergency fund established, I intend to max out my DCP 547 plan, then max out my 403b plan, and then tackle my school loans (higher interest than the mortgage), then tackle my mortgage, then start investing in Vangaurd or something. That last part is a ways down the road, which is why it's vague.

29 yrs old couple
Combined income: ~60k
West coast mid-sized town

Debts:
School loans: $32,000
Mortgage: $167,000 (the house was $~170 when we bought it, and it's value has since gone up. Redfin tells me I could sell it for $230 at this point, but that seems crazy)

Savings:
401a: 10,000
Emergency fund: $200

Networth: -188,800/Savings: 12,000

Networth if I include the worth of the house at purchase: -18,800

Hirondelle

  • Pencil Stache
  • ****
  • Posts: 962
Re: Race from 10 to 100k!!
« Reply #1520 on: December 30, 2017, 06:43:21 AM »
Oct 2017 EUR 13400,-
Nov 2017 EUR 13900,- (+500)

Oct 2017 EUR 13400,-
Nov 2017 EUR 13900,- (+500)
Dec 2017 EUR 14300,- (+400)

Not bad considering I paid my health insurance for the whole year this month. From next month savings should increase to >1000/month.

Jim Fiction

  • 5 O'Clock Shadow
  • *
  • Posts: 82
  • Location: Connecticut
Re: Race from 10 to 100k!!
« Reply #1521 on: December 30, 2017, 11:19:05 AM »
Hello everyone! It is my first time posting in this thread, I just made by way over from the race to $10k thread which I just surpassed.

Here is a basic breakdown of the numbers as of the end of the day today:

Total Cash/Cash Equivalents: $31,642
Total Liabilities: $20,131

Net Worth: $11,511

Virtually all of my liabilities are student loans. I also have some minor balances on my credit cards, which I pay off monthly. I've been aggressively attacking the student loans (see my participation in the student loan challenge if curious) and have made steady progress.

As for asset composition,  20% are in checking accounts, 13% is in my HSA and 67% is in my 401k.

I'm looking forward to following everyone's progress. Good luck to us all!

Missed a month, but my net worth as of Nov 30th is $18,617.

As the year comes to a close, my next worth is up to $23,350.

L2

  • 5 O'Clock Shadow
  • *
  • Posts: 78
  • Age: 27
  • Location: Ohio
Re: Race from 10 to 100k!!
« Reply #1522 on: December 30, 2017, 04:22:01 PM »
I am in! The goal is to get to 100k net worth by the end of 2018. Currently at ~21k. I have been pretty good at my goals so far. Starting out after college in Dec. 2013, I believe I had about a negative net worth of 65k. My first financial goal was to get a net worth of zero by the time I received my tax refund this year and I hit it at the end of January. My second goal was to have my private student loan (6.6%) paid off by the end of July. I made it at the end of June. Next I am hoping to have the car paid off by the end of the year. Currently have a 10k balance left on that loan.

My soft goal for the end of 2017 is 35k in net worth, only because I think I'll need it to be close to that to meet the 100k goal at the end of 2018. I have not done any hard calcs at this point, but in the mean time, I should be getting annual raises of approx. 5k beginning 11/1 for 2017 and 2018. I will also be maxing out my 401k in 2018 and hopefully the ROTH IRA as well.

So I am currently at ~30,900 net worth. I've been averaging about a 2k increase per month and I've got an extra paycheck coming in for December as there will be 3 pay periods. I should be between 37-38k net worth by the end of the year. I've got a raise coming effective 11/1, but I have not been communicated the amount yet.

I've cut almost 3k in annual expenses in the past few months. Moved to a nicer, more convenient, and cheaper apartment (farther away from city center, which I don't need anymore) that will save me $87 a month. In moving there and an acquisition by my firm, I will be driving approximately 10 miles round trip a day rather than 60. Rough estimates have that at about $100 a month in gas savings. My firm is also adding a HDHP plan, which I do not know the exact details yet, but I'm guessing this will be about 1/2 the cost of the low deductible plan (estimated savings of 50/month).

I have not ran the hard numbers yet as exact figures aren't determined, but my goal of 100k NW by the end of 2018 is going to come really close. I'd guess I'm looking at being more towards 10-15k short without any gains/raise coming next year/potential promotion. Here is a question for my fellow cohorts - I have about a 5k vested pension at my previous employer. I'm going to check to see if there is any way I can roll that over into a 401k/IRA this coming week. Either way, would you include that in your net worth calc? I'm younger so pensions are not a familiar topic for me. I've read being vested means that its guaranteed to me no matter what, but I've heard of plenty of people losing their pensions (albeit not knowing specific circumstances).

Now that year end is basically here I took some time to run my numbers.

Current NW: 46,289.93
2018:
Student loan payments decreasing principal: 1,933.56
ROTH IRA Contribution on 1/1 (with 7% return estimated: 5,885
401k Contributions (with estimated DCA of 3.5% return): 19,147.50
Deferred 2017 401k employer match: 458
401k employer match (with estimated DCA of 3.5% return): 2,000
2017 tax refund estimate (with 1% Ally interest): 2,020
Addition to savings (for house downpayment):18,379.42
Estimated previous employer retirement plan increase: 500
Estimated increase in paychecks due to lower w/h from tax reform: 1,500.
Estimated increase to 2017 YE 401k balance (assuming 7%): 1273.09
Estimated increase to 2017 YE Roth balance (assuming 7%): 424.41

12/31 2018 NW estimate: $99,780.91. So it's going to be VERY close. There will certainly be some unexpected costs that creep up such as smaller medical/dental costs, registrations, licenses, car maintenance/repairs, etc. Getting there is going to heavily count on the stock market getting at least average returns. I'm working hard towards a promotion that would go into effect 11/1/18, which would hopefully net me about another 1k before 2018 YE. I also have multiple ways to get bonuses at work, albeit normally in smaller increments. I believe I already have close to 1k gross coming my way. Let's get it!

vertkurt

  • 5 O'Clock Shadow
  • *
  • Posts: 53
Re: Race from 10 to 100k!!
« Reply #1523 on: December 31, 2017, 04:11:35 PM »
10/10/17
Roth VTSMX currently $8995.
TSP $0.
11/1/17
rIRA= $10,095
TSP= $121

12/1
rIRA= 10,300
TSP= 1,483
1/1
rIRA=11,301
TSP=3,404
Total = 14,705

Svoboda

  • 5 O'Clock Shadow
  • *
  • Posts: 10
Re: Race from 10 to 100k!!
« Reply #1524 on: December 31, 2017, 04:36:45 PM »
Dec 17: 37,449
Jan 18: 40,439

Tass

  • Pencil Stache
  • ****
  • Posts: 618
  • Age: 25
  • Location: Southern California
  • Working on a PhD...
Re: Race from 10 to 100k!!
« Reply #1525 on: December 31, 2017, 06:36:29 PM »
Joining for the new year, and I'll probably be here for a while.

Jul 17:  $ 6.2k
Aug 17: $ 6.8k
Sep 17: $ 8.2k
Oct 17: $ 9.0k
Nov 17: $ 9.9k
Dec 17: $11.1k

As of this month I am debt-free and I'm narrowly on-track to max out my ROTH by April. My spreadsheet says I won't hit 100k until 2024, but frankly my circumstances are likely to change significantly before then, so this is primarily for record-keeping and accountability.
« Last Edit: December 31, 2017, 06:42:46 PM by Tass »

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1362
  • Location: US
Re: Race from 10 to 100k!!
« Reply #1526 on: January 01, 2018, 04:18:03 AM »
Welcome aboard Clarkai and Tass!  Nothing wrong with the "slow boat" to wealth, Tass -- at least you're on the boat, and the company is good.  :)  You kicked ass in 2017 and I'm sure you will this year too. 

Happy New Year everyone! 

ardrum

  • Stubble
  • **
  • Posts: 145
  • Location: Ohio
Re: Race from 10 to 100k!!
« Reply #1527 on: January 01, 2018, 10:02:53 AM »
Since we're officially starting a new year, I'll give my full progress since I began tracking.  I think I will break $100k in 2018 even if the market drops ~27-28% this year. 

1/1/16   $2,000
2/1/16   $4,793
3/1/16   $10,108
4/1/16   $14,574
5/1/16   $16,150
6/1/16   $19,879
7/1/16   $23,001
8/1/16   $28,667
9/1/16   $33,134
10/1/16   $35,682
11/1/16   $37,758
12/1/16   $42,243
1/1/17   $31,938
2/1/17   $36,861
3/1/17   $43,690
4/1/17   $46,035
5/1/17   $49,860
6/1/17   $53,551
7/1/17   $59,289
8/1/17   $64,996
9/1/17   $68,439
10/1/17   $73,881
11/1/17   $79,385
12/1/17   $84,711
1/1/18   $92,724

intirb

  • 5 O'Clock Shadow
  • *
  • Posts: 80
Re: Race from 10 to 100k!!
« Reply #1528 on: January 01, 2018, 01:46:14 PM »
Well, I joined this race 3.5 years ago, but I have finally made it.  My partner and I went from a net worth of ~-8k to our current six figure net worth. 

We've come a long way.  In 2014 we earned a combined $52.5k and we had almost $24k in debt (student loans).  We paid off the student loans completely in April 2016, and last year we earned $84k (our average income in the last 4 years is $66k). 

I know we've been very slow in this race compared to many, but I'm super proud of what we've accomplished on such low income.  I'm hopeful that I'll finally finish my advanced degree program in 2018 and begin to earn a real salary, which should accelerate our progress a lot. 

Right now almost half of our net worth is in a savings account for a down payment on a house.  I might wait until we have $100k in invested assets before I join the next challenge.  Best of luck to all of you!

LurkerStache

  • 5 O'Clock Shadow
  • *
  • Posts: 20
Re: Race from 10 to 100k!!
« Reply #1529 on: January 01, 2018, 03:02:19 PM »
Sep 2016: 51598.42
Oct 2016: 54210.76
Nov 2016: 57821.07
Dec 2016: 59471.44
Jan 2017: 63,813.13
Feb 2017: 66,722.32
Mar 2017: 70,782.46
Apr 2017: 73,027.41
May 2017: 76,803.28
Jun 2017: 78,061.77
Jul 2017: 81,104.24
Aug 2017: 84,125.91
Sep 2017: 88,561.32
Oct 2017: 92,457.44
Nov 2017: 98,335.44
Dec 2017: 102,068.04

I made it! On to the next thread. Hope to see you everyone over there soon!

ingrownstudentloans

  • Stubble
  • **
  • Posts: 199
  • Age: 32
  • Location: Nashville, TN
Re: Race from 10 to 100k!!
« Reply #1530 on: January 02, 2018, 08:05:33 AM »
6/1/2017   $44,119
7/1/2017   $46,553
8/1/2017   $48,477
9/1/2017   $51,618
10/1/2017 $55,740
11/1/2017  $60,079 (will slow down through EOY as 401K is now maxed)
12/1/2017 $62,686.85
1/1/2018 $67,210.81 (excited to start 401K contributions back up)

ardrum

  • Stubble
  • **
  • Posts: 145
  • Location: Ohio
Re: Race from 10 to 100k!!
« Reply #1531 on: January 02, 2018, 09:07:35 AM »
Sep 2016: 51598.42
Oct 2016: 54210.76
Nov 2016: 57821.07
Dec 2016: 59471.44
Jan 2017: 63,813.13
Feb 2017: 66,722.32
Mar 2017: 70,782.46
Apr 2017: 73,027.41
May 2017: 76,803.28
Jun 2017: 78,061.77
Jul 2017: 81,104.24
Aug 2017: 84,125.91
Sep 2017: 88,561.32
Oct 2017: 92,457.44
Nov 2017: 98,335.44
Dec 2017: 102,068.04

I made it! On to the next thread. Hope to see you everyone over there soon!

Well done!

arob54600

  • 5 O'Clock Shadow
  • *
  • Posts: 24
  • Age: 31
  • Location: Saint Louis
Re: Race from 10 to 100k!!
« Reply #1532 on: January 02, 2018, 09:31:31 AM »

November- 41195
December- 42526

January 1, 2018 -44958

Making steady progress.

Slow&Steady

  • Bristles
  • ***
  • Posts: 477
  • Location: Midwest
Re: Race from 10 to 100k!!
« Reply #1533 on: January 02, 2018, 09:41:36 AM »
Code: [Select]
        401K        IRA Invested Total Home Value Rental Value Debt         Total NW
Dec-13 $43,660 $0         $43,660 $120,000 $120,000 $232,000 $51,660
Dec-14 $52,943 $0         $52,943 $125,000 $125,000 $227,000 $75,943
Dec-15 $55,622 $0         $55,622 $130,000 $130,000 $227,000 $88,622
Dec-16 $68,870 $700 $69,570 $200,000 $130,000 $281,000 $118,570
Feb-17 $74,784 $700 $75,484 $200,000 $135,000 $281,000 $129,484
Apr-17 $78,946 $1,026 $79,972 $200,000 $135,000 $281,000 $133,972
May-17 $80,007 $1,040 $81,047 $240,000 $135,000 $281,000 $175,047
Jun-17 $82,048 $1,057 $83,105 $240,000 $135,000 $306,000 $152,105
Jul-17 $84,508 $1,075 $85,583 $240,000 $135,000 $306,000 $154,583
Aug-17 $85,737 $1,075 $86,812 $240,000 $135,000 $306,000 $155,812
Sep-17 $86,830 $1,079 $87,909 $240,000 $135,000 $319,000 $143,909
Oct-17 $89,275 $1,100 $90,375 $240,000 $135,000 $319,000 $146,375
Nov-17 $91,994 $1,124 $93,118 $240,000 $135,000 $317,000 $151,118
Dec-17 $94,085 $1,124 $95,209 $240,000 $135,000 $317,000 $153,209

I had a goal of $90k in the 401k by the end of the year, I made it!!  There should be a pretty decent dividends increase in Dec, not sure if I will be able to hit $95k in the 401k alone before the end of the year but it seems pretty likely in the combination of the 401k and IRA I might even hit $95k in the 401k alone before the end of year.  It would be really cool to graduate from this before baby #2 comes in March!

I was reading some of the other "Race from" threads and decided that although I don't count true NW it would be nice to look back and see it so I figured I would add it!  I am staying in this thread because the "Invested Total" is the column that I am tracking.

I know I really shouldn't be looking at the balances this often but as of this morning (who knows if it will last) the 401k is just above $95k.  Once the Dec contribution and any dividends are added (assuming this growth doesn't take a nose dive before the end of the year) we should be really close to graduating this race. I think Jan I am going to be really tempted to add enough to the IRA to get us over that $100k mark, must remind myself that savings should be left alone until after baby arrives.

Went to check my balance today so that I could do an end of the year/Jan 2018 post and the stupid site says they are temporarily down, grrrr!

Also found out that since our company was purchased we are moving to a different 401K provider and they will be automatically transferring our balances to the new provider.  The new provider is a large generally decent company but the current provider is largely preferred and I am whiny about the change.  Hopefully we will have options with similarly low  expenses ratios to choose from.

mustache you a question

  • 5 O'Clock Shadow
  • *
  • Posts: 70
  • Age: 31
  • Location: Omaha
Re: Race from 10 to 100k!!
« Reply #1534 on: January 02, 2018, 09:56:39 AM »
01/17 - 9,926
02/17 - 15,869
03/17 - 21,618
04/17 - 22,738
05/17 - 29,255
06/17 - 30,880
07/17 - 40,255
08/17 - 44,722
09/17 - 48,025
10/17 - 62,340
11/17 - 67,770
12/17 - 83,785
01/18 - 87,942

I'll probably graduate from this thread sometime around March or April hopefully.  Good luck to all of you this year!

Epor

  • Stubble
  • **
  • Posts: 122
  • One day at the time
Re: Race from 10 to 100k!!
« Reply #1535 on: January 02, 2018, 10:09:40 AM »

Congrats to the graduates, see you in the next race soon.

Code: [Select]
Jan-2014 $24,525.00
Jan-2015 $32,090.00
Jan-2016 $39,258.00
Jan-2017 $59,072.00 (found MMM   3/17)
----------
                Total      Saved        Market G/L
01/01/18 93684.00   2136.40 908.60

kaders

  • 5 O'Clock Shadow
  • *
  • Posts: 17
Re: Race from 10 to 100k!!
« Reply #1536 on: January 02, 2018, 10:23:29 AM »
Happy New Year everyone! Congrats to those who recently graduated :)

                            403b             Roth             Total
December 2017     21,066.48     44,192.03     65,258.51
January    2018     21,279.96     46,322.92     67,602.61 (+2344.1)

peppermint

  • Stubble
  • **
  • Posts: 137
Re: Race from 10 to 100k!!
« Reply #1537 on: January 02, 2018, 01:12:58 PM »
OK. I am in for the second time. Embarrassed I didn't graduate the first time, but it is what it is.

NW 01/2018: $40796.81

dootsiez

  • 5 O'Clock Shadow
  • *
  • Posts: 4
Re: Race from 10 to 100k!!
« Reply #1538 on: January 02, 2018, 04:04:25 PM »
Happy new year everyone. I'm close to 100K, but about to go into training and then self-employment in March-June, so I will have a few negative net worth months ahead of me. My goal is to graduate by the end of the year, depending on how my business goes.

Excited to be doing this and to keep myself on track despite any setbacks.

Cash and non-superannuation investments (Australian):

Jan 2018 - $93,613.31

junga

  • 5 O'Clock Shadow
  • *
  • Posts: 13
Re: Race from 10 to 100k!!
« Reply #1539 on: January 02, 2018, 05:54:20 PM »
My progress since April 2014.

April, 2014               : -$9,000
October, 2014          : $1500
December, 2015       : $20,000
December, 2016       : $48,000
September 1, 2017   : $82,000
October 1, 2017       : $87,996
November 1, 2017    : $90,085
December 1, 2017    : $94,182
January 1, 2018       : $97,318

gutts

  • 5 O'Clock Shadow
  • *
  • Posts: 34
Re: Race from 10 to 100k!!
« Reply #1540 on: January 03, 2018, 01:01:43 AM »
A newbie/wannabe mustachian is reporting in:

January 3 2018 - 16.189$

I started 3 months ago, so no long history yet but I'll check in to this thread every month

Slow&Steady

  • Bristles
  • ***
  • Posts: 477
  • Location: Midwest
Re: Race from 10 to 100k!!
« Reply #1541 on: January 03, 2018, 08:16:34 AM »
I had a goal of $90k in the 401k by the end of 2017, I made it!!  There should be a pretty decent dividends increase in Dec, not sure if I will be able to hit $95k in the 401k alone before the end of the year but it seems pretty likely in the combination of the 401k and IRA I might even hit $95k in the 401k alone before the end of year.  It would be really cool to graduate from this before baby #2 comes in March!

I was reading some of the other "Race from" threads and decided that although I don't count true NW it would be nice to look back and see it so I figured I would add it!  I am staying in this thread because the "Invested Total" is the column that I am tracking.

Looks like the new company started the transfer of our 401K on 12/30 so all that money is currently not playing in the market which is disappointing.  I am tempted to take what is in savings (~$3000) for DH's potential self employment taxes and put it into his IRA as I don't think we should owe anything above what has been paid in for 2017.  This would move us on to the next race, I don't currently count that savings as it has a clearly defined purpose, or I could do the practical thing and wait to make sure we don't have any tax liability 1st.  Waiting is not an area that I excel at.

Code: [Select]
        401K        IRA Invested Total Home Value Rental Value Debt         Total NW
Dec-13 $43,660 $0         $43,660 $120,000 $120,000 $232,000 $51,660
Dec-14 $52,943 $0         $52,943 $125,000 $125,000 $227,000 $75,943
Dec-15 $55,622 $0         $55,622 $130,000 $130,000 $227,000 $88,622
Dec-16 $68,870 $700 $69,570 $200,000 $130,000 $281,000 $118,570
Dec-17 $96,294 $1,167 $97,461 $240,000 $135,000 $317,700 $154,761

dreadmoose

  • Stubble
  • **
  • Posts: 130
  • Age: 31
  • Location: Canada
  • Just starting out..
Re: Race from 10 to 100k!!
« Reply #1542 on: January 03, 2018, 10:40:41 AM »
@Trifele @MSquared

Thank you both, it sure makes me look back at all the money I wasted back in the day... but one foot forward and all that.

I'm incredibly happy I bought in right before my wage doubled, been pretty funny watching my friends / family know I make so much more while cutting out 50% of my frivolous spending at the same time. Savings!!

carozy

  • Bristles
  • ***
  • Posts: 368
  • Location: San Francisco
back to tracking
« Reply #1543 on: January 04, 2018, 02:52:18 PM »
Would like it to start going up again!  I've just enrolled in my company's 401k plan, so that's a start.  Here's my chart from the beginning of tracking:

May 14 - $6,590
Jun 14 - $6,590
Jul 14 - $7,267
Aug 14 - $8,902
Sep 14 - $10,162
Oct 14 - $11,419
Nov 14 - $12,826
Dec 14 - $14,319

Jan 15 - $5,657
Feb 15 - $8,830
Mar 15 - $19.745
Apr 15 - $21,361
May 15 - $22,183
Jun 15 - $23,114
Jul 15 - $23,835
Aug 15 - $24,567
Sep 15 - $17,037
Oct 15 - $19,906.58
Nov 15 - $22,432.54
Dec 15 - $24,483.03

Jan 16 - $25,329.42
Feb 16 - $27,698.48
Mar 16 - $30,131.47
Apr 16 - $32,868.52
May 16 - $36,583.68
Jun 16 - $37,083.17
Jul 16 - $39,049.63
Aug 16 - $38,179.37
Sep 16 - $39,189.08
Oct 16 - $39,353.24
Nov 16 - $39,670.42
Dec 16 - $43,765.79

Jan 17 - $41,627.44
Feb 17 - $42,496.43
Mar 17 - $48,952.17
Apr 17 - $47,878.28
May 17 - $46,875.80
Jun 17 - $48,022.60
Jul 17 - $47,621.47
Aug 17 - $48,267.28
Sep 17 - $49,914.59
Oct 17 - $46,652.10
Nov 17 - $47,303.34
Dec 17 - $47,255.37

Lelyy

  • 5 O'Clock Shadow
  • *
  • Posts: 2
Re: Race from 10 to 100k!!
« Reply #1544 on: January 04, 2018, 08:19:45 PM »
Hey guys! Im new to the forum and like all of you my goal is to reach 100k!
Im looking forward to achieving this with all of you!

December 31, 2017- $25,583

* Im only counting my 457 plan.

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1362
  • Location: US
Re: Race from 10 to 100k!!
« Reply #1545 on: January 05, 2018, 04:41:14 AM »
Welcome Lelyy!  It's going to be one fine year.

Nederstash

  • Bristles
  • ***
  • Posts: 269
Re: Race from 10 to 100k!!
« Reply #1546 on: January 06, 2018, 09:33:00 AM »
Aug 15: 5327 (found MMM)
Sep 15: 5775
Oct 15: 6964
Nov 15: 8551
Dec 15: 12085
Jan 16: 12700
Feb 16: 13691
Mar 16: 14818
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285
Oct 16: 25400
Nov 16: 26932
Dec 16: 31121
Jan 17: 31444
Feb 17: 42849
Mar 17: 43989
Apr 17: 45143
May 17: 46766
Jun 17: 49646
Jul 17: 52567
Aug 17: 54267
Sep 17: 54565
Oct 17: 68832
Nov 17: 70574
Dec 17: 72864
Jan 18: 73227

Slow progress, but prepaying a full year's health insurance will do that...

Serendip

  • Bristles
  • ***
  • Posts: 440
Re: Race from 10 to 100k!!
« Reply #1547 on: January 06, 2018, 02:05:09 PM »
This will be a slowish race for me but interesting to track :)

DEC /17
$20,624.84


Trifele

  • Handlebar Stache
  • *****
  • Posts: 1362
  • Location: US
Re: Race from 10 to 100k!!
« Reply #1548 on: January 06, 2018, 04:18:01 PM »
This will be a slowish race for me but interesting to track :)

DEC /17
$20,624.84

Welcome Serendip!  No worries if you end up at a slow pace.  It took me forever and a day to get to $100k; I was way slower than all you youngsters. The important thing is that you are on the path.  You can do it!

JuicyCrab

  • 5 O'Clock Shadow
  • *
  • Posts: 37
  • Age: 30
  • Location: Perth - Australia
Re: Race from 10 to 100k!!
« Reply #1549 on: January 06, 2018, 08:56:19 PM »
Jun-16    $ 2,906
Jul-16    $ 14,768
Aug-16    $ 15,777
Sep-16    $ 20,413
Oct-16    $ 17,007
Nov-16    $ 18,000
Dec-16    $ 21,231
Jan-17    $ 24,364
Feb-17    $ 26,984
Mar-17    $ 39,100
Apr-17    $ 45,000
May-17    $ 51,839
Jun-17    $ 57,905
Jul-17    $ 62,258
Aug-17    $ 72,784
Sep-17    $ 76,429
Oct-17    $ 82,650
Nov-17    $ 79,200
Dec-17    $ 88,200