Author Topic: Race from 10 to 100k!!  (Read 313833 times)

aalferez

  • 5 O'Clock Shadow
  • *
  • Posts: 77
Re: Race from 10 to 100k!!
« Reply #1700 on: March 29, 2018, 06:00:57 PM »
So happy to post this!

Jul 17  $67,374.44
Aug 17  $69,968.83
Sept 17  $73,228.83
Oct 17  $78,704.67
Nov 17  $80,862.22
Dec 17  $87,716.75
Jan 18  $92,747.41
Feb 18 $98,493.89
Mar 18 $104,485.65


Made it!!! Moving up to another race!

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1069
  • Location: US
Re: Race from 10 to 100k!!
« Reply #1701 on: March 29, 2018, 06:24:12 PM »
So happy to post this!

Jul 17  $67,374.44
Aug 17  $69,968.83
Sept 17  $73,228.83
Oct 17  $78,704.67
Nov 17  $80,862.22
Dec 17  $87,716.75
Jan 18  $92,747.41
Feb 18 $98,493.89
Mar 18 $104,485.65


Made it!!! Moving up to another race!

Congratulations!!  You are totally kicking ass, and in a down market too.  Very nicely done!  Now go light up the next thread.  :)

MSquared

  • Stubble
  • **
  • Posts: 102
  • Location: USA
Re: Race from 10 to 100k!!
« Reply #1702 on: March 30, 2018, 07:15:25 AM »
November 2017 - $10,267
December 2017 - $11,208
January 2018 - $10,713
February 2018 - $11,869

March 2018 - $14,175

Nederstash

  • Stubble
  • **
  • Posts: 243
Re: Race from 10 to 100k!!
« Reply #1703 on: March 30, 2018, 01:13:31 PM »
So happy to post this!

Jul 17  $67,374.44
Aug 17  $69,968.83
Sept 17  $73,228.83
Oct 17  $78,704.67
Nov 17  $80,862.22
Dec 17  $87,716.75
Jan 18  $92,747.41
Feb 18 $98,493.89
Mar 18 $104,485.65


Made it!!! Moving up to another race!

Well done!!

zeli2033

  • Stubble
  • **
  • Posts: 117
Re: Race from 10 to 100k!!
« Reply #1704 on: March 30, 2018, 01:25:03 PM »
End of month update:

10/31/17: $7,686
11/30/17: $18,654
12/31/17: $24,407
1/31/18: $35,314
2/28/18: $42,150
3/30/18: $45,528

Thus begins the very slow climb out of student loan debt. Stash is not going to be climbing as quickly until that's crushed.

vertkurt

  • 5 O'Clock Shadow
  • *
  • Posts: 44
Re: Race from 10 to 100k!!
« Reply #1705 on: March 30, 2018, 05:03:13 PM »
1/1= 14,705

2/1/18= 18,264

3/1/18= 21,225

4/1/18= 22,741

Tass

  • Bristles
  • ***
  • Posts: 432
  • Age: 24
  • Location: Southern California
  • Working on a PhD...
Re: Race from 10 to 100k!!
« Reply #1706 on: March 31, 2018, 10:51:09 AM »
Jul 17$6.2k
Aug 17$6.8k
Sept 17$8.2k
Oct 17$9.0k
Nov 17$9.9k
Dec 17$11.1k
Jan 18$12.1k
Feb 18$13.6k

Mar 18: $15.1k + ~$300 of reimbursements owed

Three paycheck month got me out ahead of the falling market again. This was also my lowest-ever spending month, excluding those where I visited my parents and got fed - though we held recruitment for my grad program which means I was often still fed for free. Spent <$100 on groceries.

Next month I'll be back to a usual amount of income for a while, so expect <$1000/month advancements until late summer.

Serendip

  • Bristles
  • ***
  • Posts: 288
Re: Race from 10 to 100k!!
« Reply #1707 on: March 31, 2018, 09:42:05 PM »
Dec 18/17    18,146
Jan 03/18     20,624
Jan 19/18     23,607
Feb 06/18     25,073
Feb 20/18     27,000
Mar 31/18     29,008

Optimizer

  • 5 O'Clock Shadow
  • *
  • Posts: 6
  • Location: Munich, Germany
Re: Race from 10 to 100k!!
« Reply #1708 on: April 01, 2018, 07:12:08 AM »
March 1:
14,180 EUR / 17,538 USD

April 1:
14,401 EUR / 17,757 USD

+1,25%

Slight increase during the semester break regardless of the decline in stocks. Can not complain I think :)

L2

  • 5 O'Clock Shadow
  • *
  • Posts: 46
Re: Race from 10 to 100k!!
« Reply #1709 on: April 01, 2018, 07:39:42 AM »
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!
One month into 2018 and the new NW is 51,349 (with some help from the market) with an end of year projection now of $101,092. Woo hoo! I would still like to come up with another few thousand to play it safe as there will certainly be expenses come up that I don't really budget for such as medical/dental, car maintenance, registration renewals, etc.
End of month NW: 56,190.70
End of year projection: 98,691.13

Had quite a few things going on this month...ended a relationship of 3 years, girlfriend moved out. Rent went up $350 a month as a result.
Bought some furniture off of ex that she owned.
Had to purchase some necessities for the apartment to make up for what ex took.
Stock market...bleh.
Bogus Uber charge of $234 that I'm still fighting.

I'm still feeling good about meeting my goal as I should have at least ~4k of extra income coming my way from various sources. Also going to concentrate on being more frugal than normal this month to help catch up. Shouldn't be too hard as I'm going to be spending  a lot of time at work anyways (tax season).
End of March NW: 60,017.55
End of 2018 projection: 98,683.37

The good - decided to take some of my house down payment savings and use it for some bank account churning (+650). Got project sale bonuses approved (+ approx 1500). Kept discretionary everyday spending down by about $300 from average.
The bad - realized I didn't remove my tax refund from my projection last month, so it was overstated by approx. 2,400. Then of course the stock market didn't really cooperate this month either. I believe I basically contributed 1,400 to 401k this month and the end of month balance is basically only 700 higher than the beg. of month balance.

Jim Fiction

  • 5 O'Clock Shadow
  • *
  • Posts: 65
  • Location: Connecticut
Re: Race from 10 to 100k!!
« Reply #1710 on: April 01, 2018, 05:20:44 PM »
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.

Just updated my spreadsheet to record my paycheck. January ends with my networth up to $27,921.

With February officially in the books my net worth is sitting at $30,289.72. A pretty weak month compared to previous. Market losses along with some medical bills are the primary culprits.

Medical bills made March my least productive month in quite awhile, with only an increase of $1,438, leaving the ending balance at $31,728. My employer's quarterly HSA match came in. which represents almost half of the month's gain. My wife and I are expecting our first child in June, so I anticipate similar performance over the next few months... On a positive note, we've met our insurance deductible for the year, so the upcoming bills will be significantly less than they would have been otherwise.

lexde

  • Pencil Stache
  • ****
  • Posts: 941
  • Age: 28
Re: Race from 10 to 100k!!
« Reply #1711 on: April 01, 2018, 06:15:28 PM »
Hi everyone! First post in this thread and Iím kind of amazed Iím even here. 100k seems so daunting. I have no idea what my goal timeline should look like to reach 100k NW. My NW seems to be climbing at about 2.5k per month on a 70k salary. At that rate, Iím looking at 40 months (3.34 years) but I feel like compounding should help significantly with that once I start to get some momentum going. So Iíll aim for 100k in 24 months as a stretch goal!



3/15/2018: $12,926.94
3/31/2018: $12,989.49 -- I managed to keep a positive net worth even with a pretty spendy vacation this month, so I'm happy about that!

dutty

  • 5 O'Clock Shadow
  • *
  • Posts: 17
  • Age: 24
  • Location: London
Re: Race from 10 to 100k!!
« Reply #1712 on: April 02, 2018, 03:25:42 AM »
What can I say, just the most insane month for me financially. It is likely the most money I will make in a month purely from income for a long, long time. I was able to pay back the loan to my parents and fill up my S&S ISA just before the deadline so I am super happy about that.

Quote
05/17   £1020
06/17   £470      (-£550 ~ -50%)
07/17   £1,590   (+£1,120 ~ +340%)
08/17   £2,080   (+£490   ~ +30%)
09/17   £7,250   (+£5,170 ~ +350%)
10/17   £12,000  (+£4,750 ~ +65%)
11/17   £12,360  (+£360 ~ +3%)
12/17   £10,800  (-£1,560 ~ -17%)
01/18   £21,300  (+£10,500 ~ +97%)
02/18   £25,500  (+£4,200 ~ +20%)
03/18  £48,800 (+£23,300 ~ +91% )

grantmeaname

  • Magnum Stache
  • ******
  • Posts: 4508
  • Age: 25
  • Location: NYC
  • Cast me away from yesterday's things
Re: Race from 10 to 100k!!
« Reply #1713 on: April 02, 2018, 03:40:18 AM »
DANG.

mustache you a question

  • 5 O'Clock Shadow
  • *
  • Posts: 64
  • Age: 31
  • Location: Omaha
Re: Race from 10 to 100k!!
« Reply #1714 on: April 02, 2018, 06:49:04 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
02/18 - 95,169
03/18 - 97,342
04/18 - 100,214

Barely crossed 100k.  Might be back after this month...but hopefully you guys won't be seeing me again in this thread :)

marielle

  • Pencil Stache
  • ****
  • Posts: 862
  • Age: 25
  • Location: South Carolina
Re: Race from 10 to 100k!!
« Reply #1715 on: April 02, 2018, 08:19:49 AM »
Feb 1: $10,935
Feb 2: $12,472
Feb 3: $13,644

Making progress despite the downturn. I invested $3k a week or so ago and the immediate 5% drop was a little painful. Still getting used to that as a newbie investor! Rationally, I'm happy because stocks are on sale though.

However, in other news it looks like I'll be graduating this race sooner than expected because I'm getting married in May! How do you guys even handle that here!?

This is going to take some getting used to for sure. We've already been saving for FIRE together for the most part since graduating university, just haven't officially combined the numbers. He's been working a year longer than me and didn't have student loans other than one semester of grad school (compared to my $28k), so naturally he's ahead.

Oh and... we're going to the courthouse during our already planned New Zealand trip (paid for with points, of course), so I think it passes the mustachian test.

ingrownstudentloans

  • Stubble
  • **
  • Posts: 192
  • Age: 31
  • Location: Nashville, TN
Re: Race from 10 to 100k!!
« Reply #1716 on: April 02, 2018, 08:44:14 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)
2/1/2018 $76,267.84
3/1/2018 $83,679.47 (stretch goal of June for graduation - fingers crossed)
4/1/2018 $84,367.47 (market hurt me this month - June is probably not going to happen now, oh well)

zygote

  • 5 O'Clock Shadow
  • *
  • Posts: 31
Re: Race from 10 to 100k!!
« Reply #1717 on: April 02, 2018, 08:52:08 AM »
Hello! I am new to MMM. I'm 28, recently married, and we maintain separate finances. The goal is to be in a strong financial position to maintain flexibility in the future, not necessarily RE. I have a job that I love with amazing benefits, so I am not in a hurry to retire. But as you all know, that could always change.

I have always lived below my means in that I have never held any debt, but I've never really saved. I was a grad student living on a lean stipend in a HCOL city until a year and a half ago. I'm still in the same HCOL city, but now I have a real salary, a defined contribution retirement plan, and access to 403b and 457 accounts.

Current net worth: $48,533.91
Breakdown below...
Cash: $17,747.04
Retirement plan: $18,702.39
403b: $679.16 (Just opened this 1/1/18)
Roth IRA: $11,736.04 (Did not open this until 2016 tax year)
Credit card: -$330.72 (Use this for normal expenses, pay off in full every month)

I was over $50k a week ago, but of course the stock market is going down at the moment. Shares on sale!

I'd like to start progress reports at the beginning of the month, so here goes. A big jump from just a week ago because March was a 3 paycheck month for me and I got a big tax refund (my tax situation changed a lot last year).

3/18: $48,533.91
4/18: $53,215.13

Tass

  • Bristles
  • ***
  • Posts: 432
  • Age: 24
  • Location: Southern California
  • Working on a PhD...
Re: Race from 10 to 100k!!
« Reply #1718 on: April 02, 2018, 09:50:08 AM »
Congrats marielle!

MSquared

  • Stubble
  • **
  • Posts: 102
  • Location: USA
Re: Race from 10 to 100k!!
« Reply #1719 on: April 02, 2018, 10:12:03 AM »
Congrats on the upcoming wedding, Marielle!  I guess if your combined networth is over $100K, you just hop over to the next thread and track everything combined?  That's probably what I would do.  I'm not married though. 

M5

  • 5 O'Clock Shadow
  • *
  • Posts: 85
  • Location: Nevada
Re: Race from 10 to 100k!!
« Reply #1720 on: April 02, 2018, 10:20:08 AM »
Just graduated from the previous thread! Like a few others on here our NW seems to climb around 2-2.5k per month, so it'll be nice to have others in a similar situation. We don't own our primary residence and are only using the equity from our rental property and our liquid investments for our NW calculations.

3/15/18: $12,315.65
4/2/18: $12,849.33     not great improvement this time. bought plane tickets, vehicle registration, etc and dipping markets.
My Journal

"All it takes is... Time, Money, and Beer"

martyconlonontherun

  • Stubble
  • **
  • Posts: 137
Re: Race from 10 to 100k!!
« Reply #1721 on: April 02, 2018, 09:48:03 PM »

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
12/29/2017: $79.1k Investments/$84.8k Net Worth
1/26/2018: $87.k Investments/$84.1k Net Worth (Down due to property taxes and change in Zillow for house
2/23/2018: $87.5k Investments/$88.3k NW
Original Goal: graduate this thread by March with NW.
4/2/2018: $87.5k Investments/$95.3k Net Worth (Up due to Tax return)
Hopefully this moves to the next thread in May.

martyconlonontherun

  • Stubble
  • **
  • Posts: 137
Re: Race from 10 to 100k!!
« Reply #1722 on: April 02, 2018, 09:53:06 PM »

Background:
Age: 29
"Switched" Careers at 25.
Started taking personal finances 'seriously' around 27 (aka actually saving money, 401k, etc).
Started taking personal finances seriously around 29
Salary gradually up to 65k, 68k as of End of 2017, 75k at beginning of CY18
Married but don't include house (equity/mortgage) or joint savings in these calculations since she's the boss, it gets messy with house equity/sweat equity ($40k total on a $170k house in May 17), and it will just be cherry on the top.
-Paid off car but not adding value of that in the calculation since its not worth more than a few Gs and requires maintenance
-4.5 years left of student loan payments I'm aggressively paying off/refinanced in January '17
-15 year mortgage in May '17
-Not including 529 accounts-Only a few hundred now, but it will be going to Godchildren/my future children so not my money in my eyes.

January 2016-
($45k) Student Debt
($2k) Personal CC Debt
$8k 401k
NW: ($38k)

NW April 2016: ($34K)
July 2016: ($28.4k)
October 2016: ($22.6k)
January 2017: ($20.8k) (Refinanced loan and intransit payments not reflected)
April 2017: ($10.9k)
July 2017: ($5.7k)
August 2017: ($2.5k)
September 2017:(~$1.7k)
October 2017: $1.8k - $32k
November 2017: $4.5K - Investments ~$33.8k.
December 2017: $7.9K - Investments ~$37.8k.
January 2017: $11.4K - Investments ~$39.6k.
February 2018: $14.3K - Investments ~$43.9k.
March 2018: $16k - Investments ~$44.2k
Goal: 50k at end of year.
Hoping to increase 401k/IRA when the Sloans are paid off and hopefully some more salary. Realistic goal is to retire by 55 unless I really climb the corporate ladder.
Current  Beginning  March 2018: $17.1K - Investments ~$45.2k.

repman

  • 5 O'Clock Shadow
  • *
  • Posts: 8
Re: Race from 10 to 100k!!
« Reply #1723 on: April 03, 2018, 01:17:35 AM »
Nov 2017     65.000Ä
Dez 2017     69.000Ä  a frugal month and a christmas paycheck !
Jan  2018     73100Ä
Feb  2018     74100Ä
Mar  2018     57300Ä  some expanses and bad investment decisions
Apr 2018      58800Ä

Don't forget to enter the speadsheet!

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1069
  • Location: US
Re: Race from 10 to 100k!!
« Reply #1724 on: April 03, 2018, 07:03:58 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
02/18 - 95,169
03/18 - 97,342
04/18 - 100,214

Barely crossed 100k.  Might be back after this month...but hopefully you guys won't be seeing me again in this thread :)

Congrats @mustache you a question !!! 

peppermint

  • Stubble
  • **
  • Posts: 132
Re: Race from 10 to 100k!!
« Reply #1725 on: April 03, 2018, 08:19:23 PM »
01/2018: $40796.81
02/2018: $41337.51
03/2018: $42682.42
04/2018: $46138.41

Getting there.

ASW

  • 5 O'Clock Shadow
  • *
  • Posts: 3
Re: Race from 10 to 100k!!
« Reply #1726 on: April 04, 2018, 11:59:24 AM »
Hey guys,
First post.  31 years old, married with 3 young kids, single income (military family).  Had ~$150k combined student debt out of college, which took a few years to pay down.  Found MMM and got serious about finances in January 2018. 

Net worth (includes emergency fund, misc. cash, retirement accounts, and other investments):
1/1/2018: $38,800
2/1/2018: $49,800 (used tax refund to pay off family car - now debt free)
3/1/2018: $55,707
4/1/2018 : $64,352 (sold second car)

We are hoping to get to $100k by the end of this year, but we are moving to a new state in a few weeks, so we may have a couple expensive months getting set up.  Our spreadsheet indicates that we don't have a lot of wiggle room if we want to achieve this goal by then (unless we get some help from the stock market).

Glad to be doing this with all of you!

M5

  • 5 O'Clock Shadow
  • *
  • Posts: 85
  • Location: Nevada
Re: Race from 10 to 100k!!
« Reply #1727 on: April 04, 2018, 12:21:00 PM »
Hey guys,
First post.  31 years old, married with 3 young kids, single income (military family).  Had ~$150k combined student debt out of college, which took a few years to pay down.  Found MMM and got serious about finances in January 2018. 

Net worth (includes emergency fund, misc. cash, retirement accounts, and other investments):
1/1/2018: $38,800
2/1/2018: $49,800 (used tax refund to pay off family car - now debt free)
3/1/2018: $55,707
4/1/2018 : $64,352 (sold second car)

We are hoping to get to $100k by the end of this year, but we are moving to a new state in a few weeks, so we may have a couple expensive months getting set up.  Our spreadsheet indicates that we don't have a lot of wiggle room if we want to achieve this goal by then (unless we get some help from the stock market).

Glad to be doing this with all of you!
Those are some impressive numbers for such a short amount of time! Welcome and congrats!
My Journal

"All it takes is... Time, Money, and Beer"

Hirondelle

  • Pencil Stache
  • ****
  • Posts: 500
Re: Race from 10 to 100k!!
« Reply #1728 on: April 04, 2018, 01:25:57 PM »
Hey guys,
First post.  31 years old, married with 3 young kids, single income (military family).  Had ~$150k combined student debt out of college, which took a few years to pay down.  Found MMM and got serious about finances in January 2018. 

Net worth (includes emergency fund, misc. cash, retirement accounts, and other investments):
1/1/2018: $38,800
2/1/2018: $49,800 (used tax refund to pay off family car - now debt free)
3/1/2018: $55,707
4/1/2018 : $64,352 (sold second car)

We are hoping to get to $100k by the end of this year, but we are moving to a new state in a few weeks, so we may have a couple expensive months getting set up.  Our spreadsheet indicates that we don't have a lot of wiggle room if we want to achieve this goal by then (unless we get some help from the stock market).

Glad to be doing this with all of you!
Those are some impressive numbers for such a short amount of time! Welcome and congrats!

Holy wow that's some impressive numbers! GO YOU!

L2

  • 5 O'Clock Shadow
  • *
  • Posts: 46
Re: Race from 10 to 100k!!
« Reply #1729 on: April 04, 2018, 02:55:13 PM »
That's some serious progress. Moving might set you back a couple grand, but I have no doubt you'll hit 100k by end of year.

ASW

  • 5 O'Clock Shadow
  • *
  • Posts: 3
Re: Race from 10 to 100k!!
« Reply #1730 on: April 04, 2018, 05:55:13 PM »
Thanks everyone!  Looking forward to getting to know you all this year.

Epor

  • Stubble
  • **
  • Posts: 102
  • One day at the time
Re: Race from 10 to 100k!!
« Reply #1731 on: April 05, 2018, 08:43:27 AM »
Hey guys,
First post.  31 years old, married with 3 young kids, single income (military family).  Had ~$150k combined student debt out of college, which took a few years to pay down.  Found MMM and got serious about finances in January 2018. 

Net worth (includes emergency fund, misc. cash, retirement accounts, and other investments):
1/1/2018: $38,800
2/1/2018: $49,800 (used tax refund to pay off family car - now debt free)
3/1/2018: $55,707
4/1/2018 : $64,352 (sold second car)

We are hoping to get to $100k by the end of this year, but we are moving to a new state in a few weeks, so we may have a couple expensive months getting set up.  Our spreadsheet indicates that we don't have a lot of wiggle room if we want to achieve this goal by then (unless we get some help from the stock market).

Glad to be doing this with all of you!

This is really awesome! How are you adjusting to be a one-car family? It takes guts to downsize like that. Congrats!

Get a free stock and I get one too. (5 min sign-up Robinhood) https://goo.gl/ifD5Mj.

Participate in research studies (surveys), I do the studies during the year, and cash at Xmas time! (Enough to cover presents for my kids) https://www.prolific.ac/p?ref=KN1LG5ME

ASW

  • 5 O'Clock Shadow
  • *
  • Posts: 3
Re: Race from 10 to 100k!!
« Reply #1732 on: April 05, 2018, 11:58:55 AM »
Hey guys,
First post.  31 years old, married with 3 young kids, single income (military family).  Had ~$150k combined student debt out of college, which took a few years to pay down.  Found MMM and got serious about finances in January 2018. 

Net worth (includes emergency fund, misc. cash, retirement accounts, and other investments):
1/1/2018: $38,800
2/1/2018: $49,800 (used tax refund to pay off family car - now debt free)
3/1/2018: $55,707
4/1/2018 : $64,352 (sold second car)

We are hoping to get to $100k by the end of this year, but we are moving to a new state in a few weeks, so we may have a couple expensive months getting set up.  Our spreadsheet indicates that we don't have a lot of wiggle room if we want to achieve this goal by then (unless we get some help from the stock market).

Glad to be doing this with all of you!

This is really awesome! How are you adjusting to be a one-car family? It takes guts to downsize like that. Congrats!

We are lucky to live close to most everything we need, so one car hasnít been a problem. We already had bikes and a bike trailer, so we have been able to scale back our driving to once a week or so (Costco, museum, sporting event, etc). My commute is under two miles, and it will be about the same after our move. 
Getting the tax refund and selling the second car have given us some quick gains, but our pace should slow down to ~$3k per month.

FIRE-ing in the UK

  • 5 O'Clock Shadow
  • *
  • Posts: 6
Re: Race from 10 to 100k!!
« Reply #1733 on: April 06, 2018, 03:58:33 PM »
Congrats to everyone who graduated to next thread!

Quarterly update from this end (liquid / total net worth)
Jan: £41,916 / £348,747
April: £52,627 / £372,377

Would love to get to £100,000 in the next two years but more likely to take three. It just feels soooo far away.


lampstache

  • 5 O'Clock Shadow
  • *
  • Posts: 77
  • Location: Minnesota
Re: Race from 10 to 100k!!
« Reply #1734 on: April 11, 2018, 08:00:37 PM »
1/2017   - 34,633
2/2017   - 40,740
3/2017   - 41,346
5/2017   - 41,840
6/2017   - 45,227
7/2017   - 45,862
8/2017   - 47,377
9/2017   - 47,669
10/2017 - 50,397
11/2017 - 52,228
12/2017 - Missed this month. I blame our newborn!
1/2018   - 56,928
2/2018   - 56,241
3/2018   - 57,176
4/2018   - 60,386

lexde

  • Pencil Stache
  • ****
  • Posts: 941
  • Age: 28
Re: Race from 10 to 100k!!
« Reply #1735 on: April 13, 2018, 05:21:01 AM »
Hi everyone! First post in this thread and Iím kind of amazed Iím even here. 100k seems so daunting. I have no idea what my goal timeline should look like to reach 100k NW. My NW seems to be climbing at about 2.5k per month on a 70k salary. At that rate, Iím looking at 40 months (3.34 years) but I feel like compounding should help significantly with that once I start to get some momentum going. So Iíll aim for 100k in 24 months as a stretch goal!



3/15/2018: $12,926.94
3/31/2018: $12,989.49
4/13/2018: $16,254.32. -- Big jump in net worth this month despite having some huge setbacks. The increased income this month was from cashing out Amex points to IRA + employer 401(k) match for last year hitting my account. I would have gotten them anyway, but am just grateful that my net worth still jumped despite the horrible start to this month finding out my SO of 4 years was cheating and having to move on zero notice and furnish an apartment from scratch.

Tass

  • Bristles
  • ***
  • Posts: 432
  • Age: 24
  • Location: Southern California
  • Working on a PhD...
Re: Race from 10 to 100k!!
« Reply #1736 on: April 13, 2018, 08:53:22 AM »
Oh lexde that's awful! I'm glad you had the financial stability to handle it in the best way for you - but still sorry to hear it.

M5

  • 5 O'Clock Shadow
  • *
  • Posts: 85
  • Location: Nevada
Re: Race from 10 to 100k!!
« Reply #1737 on: April 13, 2018, 10:27:20 AM »
Just graduated from the previous thread! Like a few others on here our NW seems to climb around 2-2.5k per month, so it'll be nice to have others in a similar situation. We don't own our primary residence and are only using the equity from our rental property and our liquid investments for our NW calculations.

3/15/18: $12,315.65
4/2/18: $12,849.33     not great improvement this time. bought plane tickets, vehicle registration, etc and dipping markets.
4/13/18: $14,324.67
My Journal

"All it takes is... Time, Money, and Beer"

Serendip

  • Bristles
  • ***
  • Posts: 288
Re: Race from 10 to 100k!!
« Reply #1738 on: April 13, 2018, 03:53:07 PM »
Oh lexde that's awful! I'm glad you had the financial stability to handle it in the best way for you - but still sorry to hear it.

Agree with Tass..awful but thank goodness you are on top of things. Best of luck moving forward @lexde !

On the gauntlet side of things :
My net worth didn't really grow this month due to owing extra for taxes..thankfully I had the money to cover this and will see if I can make at least a small gain to report before the end of the month.

zeli2033

  • Stubble
  • **
  • Posts: 117
Re: Race from 10 to 100k!!
« Reply #1739 on: April 15, 2018, 01:06:16 PM »
@lexde that blows. I'm sorry to hear you're dealing with that. Glad to see your net worth is still rocking upward.

Mid-month update:

10/31/17: $7,686
11/30/17: $18,654
12/31/17: $24,407
1/31/18: $35,314
2/28/18: $42,150
3/30/18: $45,528
4/15/18: $47,409