Author Topic: Race from 10 to 100k!!  (Read 418098 times)

Steeze

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Re: Race from 10 to 100k!!
« Reply #2000 on: October 31, 2018, 02:48:42 PM »
New to the site.
New to FIRE (but have been along the frugal lines for a while just not saving it - loved a trip abroad!)

Love a bit of Competition Motivation.

So, how are we calculating this?

Saving - debt only?
Saving - debt - mortgage?
Net worth (including house value)?

All of these totals I only worked out last month!

All the best!


OK - so I'll do A and C and drop the one that's least relevant (likely C).

This is a 2 person household and is a joint total. It also only got calculated 1 month ago when I started to learn about all of this! So, whatever month 1 says is all by accident / luck. Also, in the UK so all in Sterling.

A - Liquid Worth - Debt (not mortgage).

Oct 2018 , 16,285.16

C - NW (as above but including Mortgage set against current value)

Oct 2018 , 56,433.54

I feel like A is the correct number. We live in our house after all!

A better start than I expected really.

All the best.

@Dgibs 

However you want to calculate it is the best :) many different opinions on the subject. Most important I think is to be consistent in your methodology over time

Personally I would do something like:

A: Equity (down payment + principal payments to date) + Savings - Debt (excluding mortgage)
or
B: Home value at purchase + Savings - Debt (including mortgage)

Not a big fan of:

C: Estimated value of home + Savings - Debt (including mortgage)

Reason being, if I go out and purchase a home, moving 100k from my savings into a mortgage, nothing really changes in my net worth, i have debt equal to the value of the home less the equity I just put into it. They only real change in my net worth in that transaction is the fees I spent on closing costs.
 
I would personally just update my net worth up or down when I sold my home. This keeps month / yearly savings rate calculations more straight forward.


zygote

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Re: Race from 10 to 100k!!
« Reply #2001 on: October 31, 2018, 06:36:29 PM »
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!

3/18: $48,533.91
4/18: $53,215.13 (+4,681.22 - extra paycheck)
5/18: $55,433.65 (+2,218.52)
6/18: $57,041.95 (+1,572.27)
7/18: $59,753.49 (+2,711.54)
8/18: $63,816.19 (+4,062.70)
9/18: $70,101.27 (+6,285.08 - extra paycheck)
10/18: $73,538.91 (+3,437.64)
11/18: $69,595.61 (-3,943.30)

My spending was pretty high this month. I renewed my annual gym membership, paid a deposit for a trip I'm taking next year, and also had some vet bills for my sick guinea pig (she passed away this morning :( ).

However, the loss in net worth is due to the market. If it had stayed steady throughout the month, I would have still been up a few hundred dollars. That's pretty comforting that in a month where I had to spend way more than usual due to some big, periodic expenditures (which were planned and saved for), I still brought in more than I spent. The stocks have plenty of time to go back up so I'm not worried about it. I'd be more worried about it if my spending were the issue.

bpolson2

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Re: Race from 10 to 100k!!
« Reply #2002 on: October 31, 2018, 07:26:49 PM »
This includes all our retirement and personal accounts for assets. It includes our credit cards, student loan, and mortgage for liabilities. It DOES NOT include our home value.

April 2018 - $52,917.42
May 2018  - $58,400.19
June 2018 - $59,686.34
July 2018  - $65,798.53
Aug 2018 - $72,231.70
Sept 2018 - $76,755.71
Oct 2018 -  $64,348.89

The market downturn really crunched our 401k and 403b. They are down about $13.5k in October, but our saving and paying down of debt was excellent again.

Our total credit card debt is down to about $5,500 and will be under $4,000 by this time next month with my second half of my coaching check. Things are looking up overall! YNAB has REALLY been a huge help for me for planning and budgeting for future expenses and sinking funds.

ASW

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Re: Race from 10 to 100k!!
« Reply #2003 on: November 01, 2018, 03:50:11 AM »
1/1/2018:   $38,800
2/1/2018:   $49,800
3/1/2018:   $55,707
4/1/2018:   $64,352
5/1/2018:   $68,097
6/1/2018:   $72,976
7/1/2018:   $80,555
8/1/2018:   $85,858
9/1/2018:   $90,137
10/1/2018: $93,806
11/1/2018: $89,537

First down month since starting and it doesn't feel great.  Saved about $2200, but couldn't offset the correction.  Oh well, on to November.

jmswtc

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Re: Race from 10 to 100k!!
« Reply #2004 on: November 01, 2018, 07:38:32 AM »
I'm jumping in the race here to join others in tracking.

A little background: 22 M, who just graduated college in May. I started tracking my NW in June (when I started my FT job), so I'll add these numbers and go from there!

Net Worth
6/30/2018:        $34,089.83
7/31/2018:        $36,706.45     (+$2616)
8/31/2018:        $41,283.24     (+$4575)   
9/30/2018:        $44,242.77     (+$2960)


10/31/2018:      $43,890.16     (-$353)

Had a down month because of the markets but actually had a good month of saving. I own more VTSAX and S&P 500 shares than I did on 9/30, so I consider this month a success still!


L2

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Re: Race from 10 to 100k!!
« Reply #2005 on: November 01, 2018, 08:24:24 AM »
End of July NW: 84,495
End of Year projected NW: 104,324
End of August NW: 88,430.58
End of Year projected NW: 105,233.73
End of September NW: 90,725.77
End of Year Projected NW: 105,847.91

Definitely a rougher month for me expense wise. Had $700 of work expenses that I covered up front, $750 in car repairs, weekend trips to Chicago and Toronto, and the girlfriend's birthday dinner/night out.

October should set up to be a nice month - very little out of the ordinary expenses, work expense reimbursement, and ~$1200 in net bonuses.
November should also be a nice month. Raise will go into effect beginning 11/1 and its a 3 paycheck month. Goal is now to hit 100k effective 11/30.
End of October NW: 92,808.68
End of Year Projected NW: 103,981.71

Bleh stock market.

Candace

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Re: Race from 10 to 100k!!
« Reply #2006 on: November 01, 2018, 08:40:29 AM »
I'm jumping in the race here to join others in tracking.

A little background: 22 M, who just graduated college in May. I started tracking my NW in June (when I started my FT job), so I'll add these numbers and go from there!

Net Worth
6/30/2018:        $34,089.83
7/31/2018:        $36,706.45     (+$2616)
8/31/2018:        $41,283.24     (+$4575)   
9/30/2018:        $44,242.77     (+$2960)


10/31/2018:      $43,890.16     (-$353)

Had a down month because of the markets but actually had a good month of saving. I own more VTSAX and S&P 500 shares than I did on 9/30, so I consider this month a success still!

That's the spirit. It IS a success. Great work.

david_shin

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Re: Race from 10 to 100k!!
« Reply #2007 on: November 01, 2018, 09:51:57 AM »
4//2017   -$2,713.29
5//2017   $4,467.35
6//2017   $7,677.51
7//2017   $14,094.98
8//2017   $16,123.51
9//2017   $23,571.20
10//2017   $29,074.90
11//2017   $34,568.05
12//2017   $39,806.77
1//2018   $48,241.04
2//2018   $49,996.65
3//2018   $56,085.81
4//2018   $63,255.00
5//2018   $66,697.10
6//2018   $76,679.78
7//2018   $80,208.54
8//2018   $90,223.82
9//2018   $94,688.74
10//2018 $92,946.34 

-- October was rough. Paid for a $2200 conference out of pocket for work and will get reimbursed in November. Add that to market correction & paying for car insurance this month, and, ouch. $-1700 for the month. First time NW has gone down since November of 2016. Crazy. Without the conference expense NW would have gone up about $500 for the month. Crossing fingers and hoping for a big November month. If market goes up and I get reimbursed we should hit the magic $100k mark.

Other update -- maxed out all tax sheltered accounts (IRAs, HSA, 401k) for 2018 and are now saving up cash money at Ally for a down payment on a house in 2019!! Plan to buy a 2-3 bedroom and renting out extra room(s) on AirBnB. Not the best timing for maxing out accounts as I'm having a very hard time not throwing our down payment money into the market. But since we're looking at buying something in April or May 2019 seems like a very short timeframe to try and time the market. Risk < reward in this case.

Mattrim

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Re: Race from 10 to 100k!!
« Reply #2008 on: November 01, 2018, 12:08:47 PM »
6/30: 5828.16$
8/1:   15412.83$ (+9586.67$)
8/31: 19351.65$ (+3938.82$)
9/31: 25450$ (+6099$)
11/1: 29805$ (+4355$)

Goal 12/31: 37500$ 40000$ (requires about 4500 5100$ each month)

Amazing to see the progress everyone is doing!

Don't forget to enter data into the column on the right side of the speadsheet! Not into the first column!:
https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?pref=2&pli=1#gid=0

Svoboda

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Re: Race from 10 to 100k!!
« Reply #2009 on: November 01, 2018, 03:03:40 PM »
Dec 17: 37,449
Jan 18: 40,439
Feb 18: 42,796
Mar 18: 44,219
Apr 18: 42,188
May 18: 46,097
June 18: 49,516
July 18: 53,589
Aug 18: 57,668
Sep 18: 62,740
Oct 18: 64,747
Nov 18: 58,921

Jim Fiction

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Re: Race from 10 to 100k!!
« Reply #2010 on: November 01, 2018, 07:28:15 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.

June ended around 36,000 (estimate, was too busy to exactly keep track). July ends with my NW up to $38,676.

Happy with my progress, though I've been spendier than I should.  On a plus side, it looks like I'll be taking a new job which should see a ~20% bump in pay, plus a nice sign on bonus. So my NW should begin to grow more quickly! Ohh and my commute will be dropping from 42 miles down to 2.5 miles! As a result I'll be saving a ton on gas and wear and tear on my car.

9/29/17 - $11,511 (First post in thread)
6/30/18 - $36,000
7/31/18 - $38,676
8/31/18 - $40,277
9/30/18 - $50,572
10/31/18 - $46,085


October Notes

Ouch. Market downturn coupled with a zero paycheck month (I get paid once a month, but my October paycheck came at the end of September) led to a significant loss.

The month was not without its positives. I opened up an IRA and set my 401k contribution to max (won't max in 2018, but will in 2019).

Trifele

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Re: Race from 10 to 100k!!
« Reply #2011 on: November 02, 2018, 05:57:01 AM »

9/29/17 - $11,511 (First post in thread)
6/30/18 - $36,000
7/31/18 - $38,676
8/31/18 - $40,277
9/30/18 - $50,572
10/31/18 - $46,085

October Notes

Ouch. Market downturn coupled with a zero paycheck month (I get paid once a month, but my October paycheck came at the end of September) led to a significant loss.

The month was not without its positives. I opened up an IRA and set my 401k contribution to max (won't max in 2018, but will in 2019).

Awesome job @Jim Fiction.  October was a big 'ouch' for everyone, but you are doing all the right things.  Keep on rolling!

peppermint

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Re: Race from 10 to 100k!!
« Reply #2012 on: November 02, 2018, 09:38:02 AM »
01/2018: $40796.81
02/2018: $41337.51
03/2018: $42682.42
04/2018: $46138.41
05/2018: $48761.77
06/2018: $51084.06
07/2018: $56155.54
08/2018: $55622.63
09/2018: $62036.49
10/2018: $64543.48
11/2018: $63002.61

Blergh, my investments went down, plus I had the medical bills I forecast, plus some back taxes from my home country (I am an international living in the USA, so my taxes can get complicated). But those are all paid off and taken care of. All things considered, I guess I should feel good that the drop wasn't too major. I hope I'll be able to get back to gaining next month. I have a flight home for the holidays, but I was able to cover most of it with points, so I still think my expenses were substantially higher this month than they should be in November.
« Last Edit: November 02, 2018, 09:39:44 AM by peppermint »

Dgibs

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Re: Race from 10 to 100k!!
« Reply #2013 on: November 02, 2018, 01:12:43 PM »
@Steeze

I feel like my liquid worth minus debt is best.
I'll let the house and mortgage offset each other.
This also doesn't include monthly spending monies or planning for 1 off yearly expenses (insurance etc) as I keep that separate.

This is a 2 person household and is a joint total. Also, in the UK so all in Sterling.

A - Liquid Worth - Debt (not mortgage).

Oct 2018 , 16,285.16
Nov 2018 , 24,975.06 (+8,689.90)

Big gains because of a profitable Month on some Forex trading. Unlikely to see a jump like that again.

All the best.


Spruit

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Re: Race from 10 to 100k!!
« Reply #2014 on: November 02, 2018, 04:23:29 PM »
NW October 3rd: 11,203
NW November 1rst: 11,585

Just like everyone else, I saw some euros "evaporate" due to market swings this month. The number of shares in the portfolio keeps going up every month, which keeps me motivated to stay on track.
I'm not much of a contender race-wise, but at least I'm moving in the right direction. It helps that I'm mostly transferring money to the savings account and not investing the bulk of what I save currently (because: house buying plans). I know stocks are on sale right now, and it's tempting but having the savings in a safe yet liquid place is worth forgoing the sale at the moment. Or so I keep reminding myself...





dutty

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Re: Race from 10 to 100k!!
« Reply #2015 on: November 03, 2018, 08:53:39 AM »
Quote
12/15 -2,610
12/16  5,250   (+7,860 ~ +301%)
12/17  10,810 (+5,560 ~ +106%)

01/18  21,300  (+10,490 ~ +97%)
02/18  25,500  (+4,200 ~ +20%)
03/18  48,800  (+23,300 ~ +91%)
04/18  50,620   (+1,820 ~ +4%)
05/18  50,200   (-420 ~ -1%)
06/18  49,940   (-260 ~ -0.5%
07/18  56,320   (+6,380 ~ +13%)
08/18  60,400   (+4,080 ~ +7%)
09/18  63,370   (+2,970 ~ +5%)
10/18  61,180 (-2,190 ~ -3% )

Thoroughly beaten up this month and that wasn't even due to the market. Had my bike stolen within a week of purchasing, left my kindle on the bus, need root canal surgery, injured foot and shoulder on separate occasions. Hope to leave that all in Octobers history though. There was some loose spending thrown in there as well which I need to address. Lifestyle creep is real even when you are well aware of it.

JAYSLOL

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Re: Race from 10 to 100k!!
« Reply #2016 on: November 03, 2018, 12:02:15 PM »
Jan1 - 63.8k
Feb1 - 64.0k (+200)
Mar 1 - 65.0k (+1000)
Apr 1 - 65.4k (+400)
May 1 - 67.5k (+2100)
June 1 - 69.5k (+2000)
July 1 - 72.3k (+2800)
Aug 1 - 74.0k (+1700)
Sept 1 - 76.7k (+2700)
Oct 1 - 79.6k (+2900)
Nov 1 - 79.5k (-100)

My first negative month this year, despite some decent saving the market kept me down.  it's a win-win though, either I get cheaper shares or I graduate to 100k+ if it continues going down or recovers. 

JCGreen

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Re: Race from 10 to 100k!!
« Reply #2017 on: November 03, 2018, 12:45:37 PM »
Joining now but I do have some historical data. This seems like a fun competition!

I do not include my savings to buy expensive "fun items" like new cellphone, electronics etc. as it is not very big, and I just started it in July. My checking account is also not included as it has money I will likely spend this month. Money in retirement accounts that is not vested is also not included. Part of the big jump in between April and August is that part of my 401K vested 20%. My investments generally go up by over $1200 a month, so to get to 100k should take me about 5 years if it does not appreciate. My savings rate will probably be higher next year, as I am looking for a new job in a lower cost of living area, or if I keep my current job, the 401k match goes up to 6% for 4.5%.

Net worth:
Dec2017:$7800
Apr2018:$13,200
Aug2018:$22,800
Sep2018: $23,645
Oct2018: $23,658 (+$13)
October had some market swings, and I am currently negotiating some medical bills, so I don't know how how November is going to be, but I seem to be heading in the upward direction.  Good new is I can pay all my bills and at years end, my 401k will be fully vested!

vertkurt

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Re: Race from 10 to 100k!!
« Reply #2018 on: November 03, 2018, 04:40:07 PM »

1/1= 14,705
2/1/18= 18,264
3/1/18= 21,225
4/1/18= 22,741
5/1/18= 26,020
6/1/18= 28,987
7/1/18= 31,457
8/1/18= 34,642
9/1/18= 37,413
10/1/18= 41,426
11/1/18= 37,475

Market woes...

young_money

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Re: Race from 10 to 100k!!
« Reply #2019 on: November 04, 2018, 01:25:29 PM »
Hi all!  Jumping into this challenge.  Very inspiring seeing a long list of graduates already.

Net Worth: $13,390

I'm sitting on a reasonably sized student loan, but am trying to make minimal payments as it is inflation-indexed only.  I'm in a good position in some ways, as there are certainly a few low-hanging fruits I could knock out which would definitely reduce my spending (eating out probably being the worst of these).  Hopefully this challenge will provide some of the inspiration that I need.




Hirondelle

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Re: Race from 10 to 100k!!
« Reply #2020 on: November 04, 2018, 01:33:02 PM »
Welcome young_money :)

snoot

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Re: Race from 10 to 100k!!
« Reply #2021 on: November 05, 2018, 11:25:44 AM »
January              67,602
February             72,789
March                 75,413
April                    75,770   
May                    73,933   
June                   77,260
July                    77,632   
August               79,049
September         83,381 
October             88,081
November          94,261

Well done, everyone!

jojoguy

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Re: Race from 10 to 100k!!
« Reply #2022 on: November 05, 2018, 04:29:28 PM »
I hope to be joining the 10K to 100K race in the next month or so. Sitting at $6,000 right now. Reading this thread is exciting.

Jim Fiction

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Re: Race from 10 to 100k!!
« Reply #2023 on: November 05, 2018, 08:26:41 PM »

9/29/17 - $11,511 (First post in thread)
6/30/18 - $36,000
7/31/18 - $38,676
8/31/18 - $40,277
9/30/18 - $50,572
10/31/18 - $46,085

October Notes

Ouch. Market downturn coupled with a zero paycheck month (I get paid once a month, but my October paycheck came at the end of September) led to a significant loss.

The month was not without its positives. I opened up an IRA and set my 401k contribution to max (won't max in 2018, but will in 2019).

Awesome job @Jim Fiction.  October was a big 'ouch' for everyone, but you are doing all the right things.  Keep on rolling!

Thanks for the encouragement Trifele! While October was certainly disappointing, I know that there will be many more months like this, just the nature ebb and flow of the market. I just need to shrug it off and keep adding to the 'stache.

Cezilous

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Re: Race from 10 to 100k!!
« Reply #2024 on: November 06, 2018, 05:53:46 AM »
Dec-16: $32,870.70
Dec-17: $58,271.55   (+ 25,400.85)
Jan-18: $65,122.37   (+ 6,850.82)
Feb-18: $67,352.98   (+ 2,230.61)
Mar-18: $66,410.59   (- 942.39)
Apr-18:  $65,337.11   (- 1,073.48)
May-18: $68,032.74   (+ 2,695.63)
Jun-18:  $68,405.97   (+ 373.23)
Jul-18:   $70,232.18   (+ 1,826.21)
Aug-18: $72,016.38   (+1,784.20)
Sep-18: $73,657.42   (+1,641.04)
Oct-18:  $71,492.32   (- 2,165.10)
(rough market despite contributions almost at $1K and more debt payoff, another $750)


November will see my last consumer debt paid off (excluding the mortgage) so by January 1st, I hope to be contributing about $1K each month to my 401k + HSA, plus more to my taxable account (or Roth IRA, haven't decided yet).  I'm still paying off my medical debt which is at 0%.  I have had great progress this year!  I feel like I'm finally getting somewhere after seeing how great I did last year and how far I've continued to come this year.  W00t!

ItsALongStory

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Re: Race from 10 to 100k!!
« Reply #2025 on: November 06, 2018, 06:43:14 AM »
Eat the elephant one bite at a time. Good job!

PassMMM

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Re: Race from 10 to 100k!!
« Reply #2026 on: November 06, 2018, 08:13:54 AM »
I just hit 101k despite the tough market. Looking forward to seeing you all in the 100-250k forum!

JAYSLOL

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Re: Race from 10 to 100k!!
« Reply #2027 on: November 06, 2018, 08:25:40 AM »
I just hit 101k despite the tough market. Looking forward to seeing you all in the 100-250k forum!

Congrats!  See you there by spring I hope

arob54600

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Re: Race from 10 to 100k!!
« Reply #2028 on: November 06, 2018, 09:44:30 AM »
Hello All,
I almost forgot to check in. Welp! it looks like a sale month LOL

End of November 17-  41195
End of December 17-  42526
End of January 18-     47966
End of February 18-   47104
End of May 18 -         48521
End of July 18 -         53000
End of August 18-     55866
End of September 18 - 57315
End of October 2018- 54534.62

See ya next month, let's keep on pushing!!!

Serendip

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Re: Race from 10 to 100k!!
« Reply #2029 on: November 06, 2018, 03:24:38 PM »
Was away for the internet for almost 2 weeks so here is my late, end of month update :)

Progress has really slowed due to end of year expenses and Sept/Oct tends to be vacation time for me so I've had basically over a month of non-paid time off. But still ticking upwards!

Dec 18/17    18,146
Jan 19/18     23,607
Feb 20/18     27,000
Mar 31/18     29,008
Apr 19/18     30,100
May 29/18    35,030
June28/18    36,700
July 25/18    39,000
Aug 26/18    40,150
Sept 27/18   42,500
Oct 31/18     43,300

Nederstash

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Re: Race from 10 to 100k!!
« Reply #2030 on: November 07, 2018, 04:57:32 AM »
Hello All,
I almost forgot to check in. Welp! it looks like a sale month LOL

Sale month for others, but a buy month for us!

Nederstash

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Re: Race from 10 to 100k!!
« Reply #2031 on: November 07, 2018, 05:01:21 AM »
Aug 15: 5327 (found MMM)
Jan 16: 12700
Jan 17: 31444
Jan 18: 73227
Feb 18: 74628
Mar 18: 75981
Apr 18: 75766
May 18: 77414
Jun 18: 81980
Jul 18: 82825
Aug 18: 82665
Sep 18: 84098
Oct 18: 85029
Nov 18: 85620

Not a bad month considering the market!

MommyCake

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Re: Race from 10 to 100k!!
« Reply #2032 on: November 07, 2018, 08:11:41 AM »
Investments only:

9/4/18     73,600
10/4/18   75,950
11/7/18   75,960

Market loss wiped out much of my deposits. 

I've decreased my automatic deposits in order to have more cash to purchase 2 properties I have under contract.  Pushing back my 100k goal one month from June to July 2019. 


 

JAYSLOL

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Re: Race from 10 to 100k!!
« Reply #2033 on: November 07, 2018, 08:45:23 AM »
Aug 15: 5327 (found MMM)
Jan 16: 12700
Jan 17: 31444
Jan 18: 73227
Feb 18: 74628
Mar 18: 75981
Apr 18: 75766
May 18: 77414
Jun 18: 81980
Jul 18: 82825
Aug 18: 82665
Sep 18: 84098
Oct 18: 85029
Nov 18: 85620

Not a bad month considering the market!

Wow, you had a REALLY good 2017!  I found MMM in very late-2014 with a similar NW and started getting serious about saving and investing in 2015 as well.  I just hit 80k, looks like we're in a tight race to graduate to the next level

Nederstash

  • Bristles
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Re: Race from 10 to 100k!!
« Reply #2034 on: November 07, 2018, 11:59:36 AM »
Aug 15: 5327 (found MMM)
Jan 16: 12700
Jan 17: 31444
Jan 18: 73227
Feb 18: 74628
Mar 18: 75981
Apr 18: 75766
May 18: 77414
Jun 18: 81980
Jul 18: 82825
Aug 18: 82665
Sep 18: 84098
Oct 18: 85029
Nov 18: 85620

Not a bad month considering the market!

Wow, you had a REALLY good 2017!  I found MMM in very late-2014 with a similar NW and started getting serious about saving and investing in 2015 as well.  I just hit 80k, looks like we're in a tight race to graduate to the next level

It's not that impressive... I corrected my house value. I freaking lucked out and managed to buy way under market value - and this was before the market heated up. So I adjusted that number up a bit because I had way more equity in the house than I calculated. I'm not using current market value btw, the housing market here is nuts. I could put it up for 50% more than what I paid 3 years ago!

So, all in all, my savings rate was about the same as this year.

Race you to a 100k :)

david_shin

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Re: Race from 10 to 100k!!
« Reply #2035 on: November 07, 2018, 12:46:07 PM »
I just hit 101k despite the tough market. Looking forward to seeing you all in the 100-250k forum!

Congrats!!

politenessman

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Re: Race from 10 to 100k!!
« Reply #2036 on: November 07, 2018, 08:43:21 PM »
Aug   $ 81,356
Jul   $ 66,521
Jun   $ 64,243
May   $ 60,386
Apr   $ 56,284
Mar   $ 55,824
Feb   $ 55,756
Jan   $ 51,828

Update time:
Sep   $ 88,159
Aug   $ 81,356

Oct $ 92.125
Nov $ 86,143

Looks like October to November took a bit of a nose dive.

JAYSLOL

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Re: Race from 10 to 100k!!
« Reply #2037 on: November 07, 2018, 10:17:17 PM »
Aug 15: 5327 (found MMM)
Jan 16: 12700
Jan 17: 31444
Jan 18: 73227
Feb 18: 74628
Mar 18: 75981
Apr 18: 75766
May 18: 77414
Jun 18: 81980
Jul 18: 82825
Aug 18: 82665
Sep 18: 84098
Oct 18: 85029
Nov 18: 85620

Not a bad month considering the market!

Wow, you had a REALLY good 2017!  I found MMM in very late-2014 with a similar NW and started getting serious about saving and investing in 2015 as well.  I just hit 80k, looks like we're in a tight race to graduate to the next level


Race you to a 100k :)

Challenge accepted.  Poor timing though, my main work is seasonal and I'm about to be laid off for 3 months at the end of November.  Going to have up my side hustle if I want a good shop at taking this one :)

Nederstash

  • Bristles
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Re: Race from 10 to 100k!!
« Reply #2038 on: November 08, 2018, 12:53:24 AM »
Challenge accepted.  Poor timing though, my main work is seasonal and I'm about to be laid off for 3 months at the end of November.  Going to have up my side hustle if I want a good shop at taking this one :)

Aw, sorry to hear about that! Luckily us Mustachians are a crafty folk! I have no doubt you'll give me a run for my money. Good luck!

JAYSLOL

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Re: Race from 10 to 100k!!
« Reply #2039 on: November 08, 2018, 08:31:06 AM »
Challenge accepted.  Poor timing though, my main work is seasonal and I'm about to be laid off for 3 months at the end of November.  Going to have up my side hustle if I want a good shot at taking this one :)

Aw, sorry to hear about that! Luckily us Mustachians are a crafty folk! I have no doubt you'll give me a run for my money. Good luck!

Don't be sorry, I enjoy it, it's like a mini-FIRE I get every year!  I use the time to work on my house, up my re-sale game, clear out clutter and sell off stuff I don't need, and if I get serious I'll find some small paid gigs too. 

lampstache

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Re: Race from 10 to 100k!!
« Reply #2040 on: November 10, 2018, 06:20:49 AM »
1/2017   - 34,633
6/2017   - 45,227
1/2018   - 56,928
6/2018   - 71,500

11/2018 - 95,502

So close!

twistedfirestarter

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Race from 10 to 100k!!
« Reply #2041 on: November 10, 2018, 01:38:38 PM »
Double post
« Last Edit: November 10, 2018, 01:45:15 PM by twistedfirestarter »

twistedfirestarter

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Race from 10 to 100k!!
« Reply #2042 on: November 10, 2018, 01:38:08 PM »
Double post
« Last Edit: November 10, 2018, 01:44:56 PM by twistedfirestarter »

twistedfirestarter

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Re: Race from 10 to 100k!!
« Reply #2043 on: November 10, 2018, 01:44:04 PM »

£24,041 Apr '17
£26,105 May '17
£28,229 Jun '17
£31,961 Jul '17
£34,902 Aug '17
£37,596 Sep '17
£41,756 Oct '17
£45,885 Nov '17
£49,200 Dec '17
£53,000 Jan '18
£55,765 Feb '18
£58,840 Mar '18
£61,802 Apr ‘18
£66,336 May ‘18
£70,866 Jun ‘18
£74,169 Jul ‘18
£78,963 Aug '18
£82,615 Sep '18
£79,540.47 Oct ‘18
£84,005.40 Nov ‘18

Bit of a drop in October due to the market but still making progress.

UnexpectedExpenseExpector

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Re: Race from 10 to 100k!!
« Reply #2044 on: November 12, 2018, 11:21:14 AM »
Here is my update:

2014 Jan: (129,703.05)
2015 Jan: (115,355.51)
2016 Jan: (82,545.00)
2017 Jan: 2,693.77

2018
Jan: 48,429.84
Feb: 39,863.96 (Acquired new to us mini-van at low end of our price range and at low end of mileage for vehicles in our price range)
Mar: 44,139.97
Apr: 44,650.91 
May: 48,082.98 (Awesome month for the networth despite getting to pay rent on two places and waiting on the return of one security deposit. Thank you Mr. Market!)
June: 52,774.50  (Cue up the Bon Jovi!)
July: 56,756.98 (Welcome Baby #3)
August: 63,139.77
September: 63,038.31 (Welcome Baby #3 medical bills)
October: 67,516.75 (So close to the December goal!)
...
2018 Dec: 68,000 (GOAL)
...
2019 Jul: 100,000 (GOAL)

Pretty decent gain despite the market.  It's helpful that a large portion of our contributions are going toward debt reduction.

Onward!