Author Topic: Race from 10 to 100k!!  (Read 795904 times)

M5

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Re: Race from 10 to 100k!!
« Reply #2300 on: April 03, 2019, 08:32:28 AM »
4/13/18: $14,324.67
12/27/18: $20,377.45
2/6/19: $27,927.20
3/1/19: $33,596.07
4/3/19: $57,285.55

I hadn't checked the value of our rental property since we bought it in 2014, but I finally did and it is now worth about 18k more than we paid for it. This is the reason for the huge jump this month. Looks like hitting 100k by year's end is a slight possibility!

cassafrass

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Re: Race from 10 to 100k!!
« Reply #2301 on: April 03, 2019, 01:08:24 PM »

2019
Jan 2019: 49,400
Feb 2019: 52,900
Mar 2019: 55,500

Apr 2019: 59,500 (+4000)

March was an extra paycheck month for us - hooray! We would've had a bit more to stash but we had to pay some back taxes and invested in some supplies for our new veggie garden. I did stash a big chunk in Mr. Frass's IRA which felt very satisfying.

Some upcoming expenses that might put a damper in our saving momentum are looming - adding an extra day or two of daycare ($90 - $180/wk) and purchasing a new (used) vehicle which would increase our insurance/fuel/maintenance costs ($250/mo) and debt payments ($250/mo?).

Happy Spring and keep up the good work everyone!

M5

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Re: Race from 10 to 100k!!
« Reply #2302 on: April 03, 2019, 01:19:50 PM »
I've debated when it is most appropriate to recalculate real estate value, with the four options being (1) a monthly estimate, (2) an annual estimate, (3) after an appraisal, or (4) when sold/never. And then should rentals be recalculated differently from your own residence?

Obviously it's all for internal record keeping and makes no difference in reality, as the only time any gains are realized is when the property is sold.

I've wondered about that sometimes too. We'll probably never sell the rental, or if we do it'll be when we're too old to mess with it anymore. On the other hand a huge part of many rich individual's NW is equity in their business or real estate, in which case gains also aren't realized until sold. If I were to buy investment real estate worth a significant sum I'd definitely want it help bump up my NW. Although I would also include a primary home's value in my calculations, I believe that's where the real NW inflation happens. It's easy to sell a rental tomorrow and cash out forever, not the same for a primary home. Of course if you choose to downsize your primary home upon the sale then that changes things a bit.

I think I'm going to stick with a monthly check of the Realtor.com estimate as my baseline in the future. While not perfect, those numbers are pretty close to what comparable properties in the area are selling for.

*I know this is controversial, but I choose to include our vehicle values in our NW as well. I figure I might as well include anything I can liquidate worth more than a couple grand.

Evasion

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Re: Race from 10 to 100k!!
« Reply #2303 on: April 04, 2019, 07:09:32 AM »
20 Dec 18 - 37,800
16 Jan 19 - 39,900
1 Feb 19 - 41,500
15 Feb 19 - 43,362
March 2019 - 45,496
Mid March 2019 - 45,815
April 19 - 46,412

Considering this includes my super (Australian 401k) compulsory increase and the market going up, it's quite bad. Will make more efforts this month.

adamsputnik

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Re: Race from 10 to 100k!!
« Reply #2304 on: April 05, 2019, 08:31:51 AM »
1/18/18 - 18,350.00
3/15/18 - 20,267.70
5/17/18 - 19,930.00
8/31/18 - 25,908.00
9/21/18 - 28,115.00
11/30/18 - 29,835.00
12/14/18 - 30,879.00
12/31/18 - 30,072.00
1/15/19 - 32,774.00
1/31/19 - 34,776.00
3/13/19 - 36,967.00
4/5/19 - 39,465.00

Almost crossed that 40k threshold. I'll hover around that while I'm paying taxes, but things should pick up pretty quickly, especially now that I am contributing 20% to the 401k.

catorbe

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Re: Race from 10 to 100k!!
« Reply #2305 on: April 05, 2019, 08:46:59 AM »
I broke over $10,000 on 9/9/2018. I'm up to $25k as of 2/17/2019.
I'm increasing my NW by about 2k a month based on those figures and would hit 100k in about 37 months putting it out to about March 2022. I believe with an upcoming raise, bonus, and other small windfalls that come and go, I'm looking at a goal of December 31st 2021 to hit 100k. Current salary is 49k.

3/20/19: $26,600. Lots of changes: Trip to Chicago complete. Bonus received. Salary bumped to over 50k!!!! We're moving to a townhouse from an apartment. This will affect my savings rate slightly, but we will remain resident property managers and continue to receive a discount on rent. Overall the changes are positive.

Now to await the final March paycheck and get back into the groove of things in the new place.

So I've paid rent for the first time at the new townhome. First utility bills are showing up. We bought a few more household items to round out each room's dιcor and furniture needs. After paying my car insurance (6 months worth) and a few other small outstanding bills, I should be at $26,500. So essentially this past paycheck went out the door and then some, but moving forward there are fewer expected expenses coming up at least in the near term. If all goes well i'll be at $30k by Mid May.

Nederstash

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Re: Race from 10 to 100k!!
« Reply #2306 on: April 06, 2019, 03:43:24 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
Dec 18: 88171
Jan 19: 88673
Feb 19: 90575
Mar 19: 91673
Apr 19: 93802

The market giveth! I did have a little setback, my bike was stolen. In retaliation I bought a white bike with black decoration on the side and a neon green crate on the front rack. Try getting away with that one, ya filthy thieves... It's recognizable AF. Anyway, only 210 euro (230 dollars?) and it rides a treat. Also love front crates... dump everything in & go!

jojoguy

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Re: Race from 10 to 100k!!
« Reply #2307 on: April 06, 2019, 06:50:54 AM »
October 7, 2018 = $600
October 18, 2018 = $2500
November 1, 2018 = $5,995
November 15, 2018 = $9,273
November 29, 2018 = $11,340
December 13, 2018 = $13,155
December 25, 2018 = $15,396
January 26, 2019 = $78,191 (Added our 401Ks into the mix)
February 9, 2019 = $80,723.72
February 14, 2019 = $81,500.07
February 22, 2019 = $84,426.22
March 8, 2019 = 91581.06
March 24, 2019 = 96640.33
April 6, 2019 = 99886.50

Sooooo, close. Would be a few thousand over 100k but we have to get a new roof. Thank God for MMM and you guys. We would be struggling to pay for that if I didn't find this site. Our networth has doubled in roughly 6 or 7 months. Thanks guys. I am really grateful for the knowledge and encouragement.
Edit to add: We probably will hit a slower save amount in the next month or two because of less overtime being given out at my job, but I will strive to get it as much as I can to keep building our networth up.
« Last Edit: April 06, 2019, 06:54:19 AM by jojoguy »

politenessman

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Re: Race from 10 to 100k!!
« Reply #2308 on: April 06, 2019, 11:28:04 AM »
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.
Looks Like December is going to end up at about $ 75,941.
Well shit!
Its been a while since I posted, mostly I just got busy, but as of today I am at $97,192, not including emergency fund.
Almost there!

jojoguy

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Re: Race from 10 to 100k!!
« Reply #2309 on: April 06, 2019, 03:21:01 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.
Looks Like December is going to end up at about $ 75,941.
Well shit!
Its been a while since I posted, mostly I just got busy, but as of today I am at $97,192, not including emergency fund.
Almost there!

Way to go!

Cezil

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Re: Race from 10 to 100k!!
« Reply #2310 on: April 08, 2019, 07:30:15 AM »
Dec-2016: $32,870.70
Dec-2017: $58,271.55   (+ 25,400.85)
Dec-2018: $72,493.16   (+ 14,221.61)

Jan-2019:   $ 81,866.77  (+ 9,373.61)
Feb-2019:   $87,222.31  (+ 5,355.54)


Mar-2019:   $88,865.95 (+ 1,643.64)

Pretty boring month, contribution-wise.  I put over $1K into my 401k, about $230 into my HSA, the rest of it is growth.  I'm having issues with my medical payment plan: The Corporation screwed up it in January and is still being very unhelpful and increasingly passive aggressive when I call them to figure it out.  After cordially hanging up after a 33 minute phone call where *I* had to explain to the rep how $17.98 got overpaid to something not even in the agreed payment plan (she still seemed to think I'm just trying to get out of paying), I wrote a 3-page letter of the history of the issue starting in December, with my growing displeasure of dealing with them over the phone (no one seems to know what they are doing, and no one seems to know what they are talking about except me, and it's making the confusion even greater).  Big sigh.  I'm reluctant to pay it off in full because it's 0% interest, but I'm wondering if it's worth it.  (Yes, I could pay off the remaining $1,600 immediately without any issue whatsoever, but I chose the 0% plan to shove cash into investments instead.  I'd have to pull from cash reserves, no biggie.).

April is also looking boring, same ol' 401k and HSA contributions + assumed growth.  If I pay the above off, I might just come out even.  That...doesn't sound too bad at this point.  I might just do that.  Save myself a few premature gray hairs. ;)

UnexpectedExpenseExpector

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Re: Race from 10 to 100k!!
« Reply #2311 on: April 09, 2019, 03:51:35 PM »
Hi everyone. I spent 24 months in the Race to Positive Net Worth thread and 2 months in Saving to $10K. Happy to join everyone here now! I'm really starting to feel the momentum as things have started to turn positive for me, and can't wait to graduate from this thread too.

Mar 2019 $14,000

Congrats on your previous progress and welcome to the thread @Optimiser !



Our March numbers are in here's the update for April:

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

2019
January: 79,517.63
February: 87,532.51
March: 91,151.25
...
2019 Jul: 100,000 (GOAL)

In the homestretch!  Barring a big sell off in the market the arbitrary goal of July should be easily hit.  I also updated the spreadsheet. 


haypug16

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Re: Race from 10 to 100k!!
« Reply #2312 on: April 10, 2019, 12:34:20 PM »
Hi All! I just finished the race to $10K so I'm jumping in here :) I've been anxiously awaiting my time to join this thread.

Starting post
3/31/2017 (52,848.85) - Found MMM
3/31/2018 $(14,916.69) - 1 year in
3/31/20919 $9,917.20 - 2 years in
4/10/2019 $10,440.08

According to my current calculations I will spend about 2 years in this race, though I think it could be faster once momentum from all my little employees picks up. I'm already starting to see this.

M5

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Re: Race from 10 to 100k!!
« Reply #2313 on: April 10, 2019, 12:57:15 PM »
Welcome aboard @haypug16 !

dutty

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Re: Race from 10 to 100k!!
« Reply #2314 on: April 12, 2019, 01:39:48 AM »


Quote
12/15 -£2,610
12/16  £5,250   (+£7,860 ~ +301%)
12/17  £10,810 (+£5,560 ~ +106%)
12/18  £68,620 (+£57,810 ~ +634%)
01/19  £68,210  (-£410 ~ -1%)
02/19  £64,060  (-£4,150 ~ -6%)
03/19  £74,350 (+£10,290 ~ +16% )


ISA filled. Momentum building.

zee dot

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Re: Race from 10 to 100k!!
« Reply #2315 on: April 12, 2019, 07:24:58 AM »
9/2017 (168,529.23)
10/2017 (156,730.67)
12/2017 (155, 778.96)
1/2018 (146,335.62)
2/2018 (146,208.20)
3/2018 (90,769.56) annual bonus
4/2018 (83,753.06)
6/2018 (73,857.57)
9/2018 (61,215.95)
10/2018 (51,434.89)
12/2018 $90,683.73 (sold a house)
01/2019 $96,400.22
02/2019 $150,040.56 (annual bonus)

I'm buying a place for my mom so I'll be back in a few months :) 

ItsALongStory

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Re: Race from 10 to 100k!!
« Reply #2316 on: April 12, 2019, 07:59:03 AM »
9/2017 (168,529.23)
10/2017 (156,730.67)
12/2017 (155, 778.96)
1/2018 (146,335.62)
2/2018 (146,208.20)
3/2018 (90,769.56) annual bonus
4/2018 (83,753.06)
6/2018 (73,857.57)
9/2018 (61,215.95)
10/2018 (51,434.89)
12/2018 $90,683.73 (sold a house)
01/2019 $96,400.22
02/2019 $150,040.56 (annual bonus)

I'm buying a place for my mom so I'll be back in a few months :)
Those are some remarkable jumps, are you in sales where a lot of your earnings are variable?

Sent from my Pixel 2 XL using Tapatalk


zee dot

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Re: Race from 10 to 100k!!
« Reply #2317 on: April 12, 2019, 08:07:15 AM »
No, not in sales.

Those jumps reflect a huge change in thinking (finding MMM mostly) and a very large annual bonus.

I'm well paid monthly so I always had the money--I was just spending it.
My behavior changes really snowballed.  Cancelling all of my monthly subscriptions to Birchbox, stitch fix etc.  Sending venmo requests for dinner tabs instead of just ignoring the $100 each person owed.  Taking money when ppl offered to pay for gas & tolls.

I posted a case study here in Sept 2017 and it was immensely helpful.

Sold a house. 
« Last Edit: April 12, 2019, 08:13:32 AM by zee dot »

fluffmuffin

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Re: Race from 10 to 100k!!
« Reply #2318 on: April 12, 2019, 08:38:08 AM »
Good to see you, @haypug16 ! You smashed the 10k challenge and I'm sure you'll be rocketing through here as well :)

March 14, 2019: 91,383.01
March 22, 2019: 96,571.66

April 12, 2019: 99,627.63 !!!

OMG y'all, my bills are paid for April so my next paycheck should do it.

I won't stay in the six figures once I get the medical bills (I do have to argue about one of them, ugh, I hate sh*t like that) and final invoices for the wedding. BUT STILL.

Serendip

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Re: Race from 10 to 100k!!
« Reply #2319 on: April 12, 2019, 08:54:30 AM »
Good to see you, @haypug16 ! You smashed the 10k challenge and I'm sure you'll be rocketing through here as well :)

March 14, 2019: 91,383.01
March 22, 2019: 96,571.66

April 12, 2019: 99,627.63 !!!

OMG y'all, my bills are paid for April so my next paycheck should do it.

I won't stay in the six figures once I get the medical bills (I do have to argue about one of them, ugh, I hate sh*t like that) and final invoices for the wedding. BUT STILL.

CONGRATS @fluffmuffin --how exciting!

haypug16

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Re: Race from 10 to 100k!!
« Reply #2320 on: April 12, 2019, 08:59:29 AM »
Thanks everyone. :) It's nice to see some familiar faces from the race to $10k!

jojoguy

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Re: Race from 10 to 100k!!
« Reply #2321 on: April 13, 2019, 07:37:05 AM »
October 7, 2018 = $600
October 18, 2018 = $2500
November 1, 2018 = $5,995
November 15, 2018 = $9,273
November 29, 2018 = $11,340
December 13, 2018 = $13,155
December 25, 2018 = $15,396
January 26, 2019 = $78,191 (Added our 401Ks into the mix)
February 9, 2019 = $80,723.72
February 14, 2019 = $81,500.07
February 22, 2019 = $84,426.22
March 8, 2019 = 91581.06
March 24, 2019 = 96640.33
April 6, 2019 = 99886.50
April 13, 2019 = 100,325.68

Is this even real? We went from $54,000 in our 401ks that we had been contributing for 15 plus years in October to almost doubling our savings/investments in roughly a 6 month period. Unreal! I would have never thought it would be possible. You guys are the best! Seriously, the advice all of you give is above the highest economists in the world's advice, and you give it all away for free! Thanks again, ya'll. See you in the next thread.

katthjul

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Re: Race from 10 to 100k!!
« Reply #2322 on: April 14, 2019, 12:30:36 AM »
EOY 2014: €0
EOY 2015: €16,728
EOY 2016: €41,467
EOY 2017: €64,929
EOY 2018: €80,536
Jan 2019: €88,922
Feb 2019: €94,899
Mar 2019: €98,691

So close!

The numbers do include some uninvested money, but that is because I'm saving to pay off my student loan.

Trifele

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Re: Race from 10 to 100k!!
« Reply #2323 on: April 14, 2019, 05:57:00 AM »
April 13, 2019 = 100,325.68

Thanks again, ya'll. See you in the next thread.

Congrats @jojoguy!  Well done.   

jojoguy

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Re: Race from 10 to 100k!!
« Reply #2324 on: April 14, 2019, 08:17:26 AM »
April 13, 2019 = 100,325.68

Thanks again, ya'll. See you in the next thread.

Congrats @jojoguy!  Well done.
Thanks! I'm still having a hard time for this to sink in that we've saved $46,000 to break 100k in such a short time.

bcbaseballman

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Re: Race from 10 to 100k!!
« Reply #2325 on: April 15, 2019, 07:37:53 AM »
Welcome @haypug16 good to see you here on this thread now!

Congrats @jojoguy I'm sure you will have already graduated the next thread before I am even able to join it! Amazing progress.

Lots of people very close to breaking into the 6 figures it gives this little stash guy some confidence that it can be done. Well done.

zeli2033

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Re: Race from 10 to 100k!!
« Reply #2326 on: April 15, 2019, 08:14:36 AM »
8/31/18: $12,784
9/17/18: $14,547
9/28/18: $22,476
10/15/18: $24,956
10/31/18: $27,980
11/15/18: $30,081
11/30/18: $36,219
12/31/18: $36,235
1/15/19: $44,961
1/31/19: $52,928
2/16/19: $57,672
2/28/19: $61,806
3/16/19: $64,611
3/29/19: $72,482
4/15/19: $76,177 (+3695)

One more paycheck until the student loan is paid in full. Light at the end of the tunnel!

haypug16

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Re: Race from 10 to 100k!!
« Reply #2327 on: April 15, 2019, 08:46:14 AM »
Mid-April Update
3/31/2017 - (52,848.85) - Found MMM
3/31/2018 - $(14,916.69) - 1 year in
3/31/20919 - $9,917.20 - 2 years in
4/10/2019 - $10,440.08 - Joined 10k-100k race
4/15/2019 - $19,105.19 - $9,187.99 increase from 3/31/19

Big increase mostly due to the $6k bonus I got today :) but even without that about $3k is just from saving/paying down debt. I'll be going on maternity leave any moment now so I imagine the next 3 months will be a little slower in the gains but should still have upward momentum.

zeli2033

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Re: Race from 10 to 100k!!
« Reply #2328 on: April 15, 2019, 08:50:50 AM »
Mid-April Update
3/31/2017 - (52,848.85) - Found MMM
3/31/2018 - $(14,916.69) - 1 year in
3/31/20919 - $9,917.20 - 2 years in
4/10/2019 - $10,440.08 - Joined 10k-100k race
4/15/2019 - $19,105.19 - $9,187.99 increase from 3/31/19

Big increase mostly due to the $6k bonus I got today :) but even without that about $3k is just from saving/paying down debt. I'll be going on maternity leave any moment now so I imagine the next 3 months will be a little slower in the gains but should still have upward momentum.

Nice job, haypug! Congrats on starting the 10-100k thread with a bang before baby makes their debut!

haypug16

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Re: Race from 10 to 100k!!
« Reply #2329 on: April 15, 2019, 09:28:20 AM »
Thanks zeli! Congrats on being one paycheck away from no more Student Loans! I bet that feels awesome!

jojoguy

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Re: Race from 10 to 100k!!
« Reply #2330 on: April 15, 2019, 09:53:49 AM »


Lots of people very close to breaking into the 6 figures it gives this little stash guy some confidence that it can be done. Well done.

I know it is cliche to say it, but if I can do it, anybody can.

fluffmuffin

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Re: Race from 10 to 100k!!
« Reply #2331 on: April 19, 2019, 07:01:33 AM »
March 14, 2019: 91,383.01
March 22, 2019: 96,571.66
April 12, 2019: 99,627.63

April 19, 2019: 100,517.92

I'm not declaring myself a graduate because this won't last. I have about $4,500 to pay for the wedding and will still spend money on our honeymoon. Plus whatever down payment on a house.

Good news on the medical front, though! Unless some new charges pop up on my account (always a possibility with the US healthcare system...), I will only need to pay another ~$900 out of pocket for my medical procedure, not the like, $4,000 I was afraid of. The state retirement system is also down for maintenance, so I couldn't update all of my accounts--I usually do those about every month and a half and the market's been up, so I would probably be getting a boost from those.

So: a provisional Friday win!


Lots of people very close to breaking into the 6 figures it gives this little stash guy some confidence that it can be done. Well done.

I know it is cliche to say it, but if I can do it, anybody can.

And yeah, same here. My salary trajectory started out at $20k in 2010. I've been very privileged in a lot of ways (parents paid for college so no loans, ~$30k inheritance from grandmother's estate, grew up with frugality + financial literacy, have been state employee with good benefits for majority of my career). But I have also worked hard as hell and said no to a lot of things I'd have liked to say yes to.

Slanhirn

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Re: Race from 10 to 100k!!
« Reply #2332 on: April 23, 2019, 05:54:15 AM »
Tracking net worth.

EOY 12.2016 - (-£10,250)
EOY 12.2017 - £4,360
EOY 12.2018 - £40,620
01.2019 - £42,662 (+2,042)
02.2019 - £43,796 (+1,134)
03.2019 - £44,582 (+786)
04.2019 - £49,305 (+4,723)
05.2019 - £51,853 (+2,548)

Assets = £59,533
Student loans = (£7,680)

Broke £50K net worth! Halfway to the end of the race!

Manchester

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Re: Race from 10 to 100k!!
« Reply #2333 on: April 23, 2019, 08:12:29 AM »
Another month in the right direction!



My N/W went up by £1,378.59, which is one of my best months.  This has put me just over the £18k mark. 


I've opened a Vanguard ISA this month and increased my investments now that I've hit my savings targets.  I've also hit the target bank size for my side hustle (matched betting) which means I can withdraw more money and invest it moving forwards. 

Manchester

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Re: Race from 10 to 100k!!
« Reply #2334 on: April 23, 2019, 08:17:47 AM »
Hi All! I just finished the race to $10K so I'm jumping in here :) I've been anxiously awaiting my time to join this thread.

Starting post
3/31/2017 (52,848.85) - Found MMM
3/31/2018 $(14,916.69) - 1 year in
3/31/20919 $9,917.20 - 2 years in
4/10/2019 $10,440.08

According to my current calculations I will spend about 2 years in this race, though I think it could be faster once momentum from all my little employees picks up. I'm already starting to see this.

Great to have you in this thread!!  The race to 10k'ers are taking over!

Manchester

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Re: Race from 10 to 100k!!
« Reply #2335 on: April 23, 2019, 08:25:49 AM »
October 7, 2018 = $600
October 18, 2018 = $2500
November 1, 2018 = $5,995
November 15, 2018 = $9,273
November 29, 2018 = $11,340
December 13, 2018 = $13,155
December 25, 2018 = $15,396
January 26, 2019 = $78,191 (Added our 401Ks into the mix)
February 9, 2019 = $80,723.72
February 14, 2019 = $81,500.07
February 22, 2019 = $84,426.22
March 8, 2019 = 91581.06
March 24, 2019 = 96640.33
April 6, 2019 = 99886.50
April 13, 2019 = 100,325.68

Is this even real? We went from $54,000 in our 401ks that we had been contributing for 15 plus years in October to almost doubling our savings/investments in roughly a 6 month period. Unreal! I would have never thought it would be possible. You guys are the best! Seriously, the advice all of you give is above the highest economists in the world's advice, and you give it all away for free! Thanks again, ya'll. See you in the next thread.

Well done!

You don't increase your N/W as quickly as you have without putting some serious effort into it.  You'll be FIRE'd in no time!

adamb

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Re: Race from 10 to 100k!!
« Reply #2336 on: April 23, 2019, 11:43:51 AM »
I'm at 67k today! Started saving/investing seriously exactly 2 years ago, when I had about 5-10k. I expect I will hit 100k right before my next birthday at 28 (about 11 months) if I sell my car.

I've driven my car a total of 5 times the past year, so that's looking more and more likely, especially since my next apartment is right by the subway and doesn't have parking. I just really need to convince myself it's okay to do, I've never not had a car since I was 16 :O.

Congrats! I just turned 28 too. I'm in the same dilemma I put a total of 500 miles (most of which were people borrowing it) on my car last year. Living in a city with car2go's everywhere it makes less and less sense to hold on to it.

Thanks! Update on this one: I sold my car in December and put it all in VTSAX right as the market was at it's lowest in years (dumb luck). That plus increased salary/savings and market growth means I am at 99k now! I expect I'll hit 100k in the next paycheck if market holds flat, or 2-3 paychecks if it takes a dip. In either scenario, I'll be at 100k NW a month before my 28th birthday!

Brokerage - 22,223
IRA - 18,680
Roth IRA - 33,212
401k - 17,550
Cash - 7,500

Found MMM 3 years ago, been working full-time for 5 years, was frugal for all 5 but didn't realize the power of investing until after MMM.

Next goal after that is probably getting a MFH property and becoming a land lord. That's taking a lot of research first to make sure I find the right property.

paulkots

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Re: Race from 10 to 100k!!
« Reply #2337 on: April 24, 2019, 06:33:55 AM »

11/26/17: $47,707.48
06/22/18: $72,953.75
07/27/18: $71,676.31
08/23/18: $65,034.83
10/04/17: $63,306.87
10/26/18: $64,270.98
11/27/18: $66,467.65
12/26/18: $66,160.59
01/28/18: $64,688.44
03/25/19: $63,325.75

Skipped a month. In the last 2 months, did my taxes, I was close on pre-payment but had to paid some more. Also, did the Costa Rica vacation and some work around the house. First 2019 tax pre-payment was sent out. Major expenses were Costa Rica vacation and the work I did on my GTI for a roadtrip to Montana.

04/24/19: $65,022.87

Didn't have much expenses this month so I booked future planned trips, hotels, tickets and entertainment since the CC was lower than usual.

AAM550

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Re: Race from 10 to 100k!!
« Reply #2338 on: April 25, 2019, 01:15:33 PM »
Just discovered MMM and this is my first post here. It's really inspiring seeing all the awesome stories here and the healthy mentality about money and spending. I'm not sure what the correct format for here is but i'll just go ahead and splatter all the info that seems pertinent and then update next month and refine over time.

Income - 9,648.82 ( $2430.14 from full time employment / $6618.66 from part time job / $600 in rent )
Spending - $3,028.07

Cash- $8,676.52
401(k)- $16,055.13

Mortgage - $143,589.34 at 3.25 % Interest

Please let me know if you have any tips or tweaks to help me along!

Evasion

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Re: Race from 10 to 100k!!
« Reply #2339 on: April 25, 2019, 03:51:19 PM »
20 Dec 18 - 37,800
16 Jan 19 - 39,900
1 Feb 19 - 41,500
15 Feb 19 - 43,362
March 2019 - 45,496
Mid March 2019 - 45,815
April 19 - 46,412

Late April 2019 - 48,372

Upwards and onwards, thanks to market and dividends but I have been struggling to save, way too slow to get to 50k..
One month left before my birthday, should tighten my belt until then!!

Serendip

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Re: Race from 10 to 100k!!
« Reply #2340 on: April 26, 2019, 10:27:40 AM »
Dec '17    18,146
Jan '18     23,607
Feb '18     27,000
Mar '18     29,008
Apr '18     30,100
May '18    35,030
Jun '18     36,700
July '18    39,000
Aug '18    40,150
Sep '18    42,500
Oct '18     43,300
Nov '18    44,500
Dec '18    48,380
Jan '19     51,210
Feb '19     53,000
Mar '19     55,075
Apr '19     53,065 (first downward swing--unexpectedly larger tax bill and still owe my SO for some strata roofing costs as we keep our finances seperate and he took the full hit of 10,000)

Have to admit, getting told you owe thousands more in taxes and not having to scramble for it is SUCH a relief!  Love the lessons I've learned here even if I will be more careful not to get into the same situation next year (self-employed and made much more than I normally do)

lemonverbena

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Re: Race from 10 to 100k!!
« Reply #2341 on: April 28, 2019, 11:56:16 AM »
Hi! Joining in.

Late Apr 2019:
tIRA: $6,329
Simple IRA: $4,500
Emergency fund: $1,000

Total: $11,829

Hirondelle

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Re: Race from 10 to 100k!!
« Reply #2342 on: April 28, 2019, 02:39:01 PM »
Dec 2017 €14.300
June 2018 €23.300 (+9k over 6 months)
July 2018 €24.400 (+1.100)
Aug 2018 €25.700 (+1.300)
Sept 2018 €26.100 (+400)
Oct 2018 €26.100 (+0)
Nov 2018 €29.100 (+3.000!!)
Dec 2018 €35.600 (+6.500)
Jan 2019 €39.000 (+3.400)
Feb 2019 €40.700 (+1.700)
Mar 2019 €42.400 (+1.700)
Apr 2019 €44.900 (+2.500)

Great market month + fairly low spending. First month of the year without any big line items like travel or one-offs. About 1500 is actual savings, the other 1000 is a great month for stocks. Next month is a double paycheck month for me so it looks like I'll be able to hit 50k by June, assuming no market drops.

JCGreen

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Re: Race from 10 to 100k!!
« Reply #2343 on: April 28, 2019, 04:18:28 PM »
I do not include my savings to buy expensive "fun items" like new cellphone, electronics etc. as it is not very big. My checking account is also not included as it has money I will likely spend this month. Goal for 2019 is to make it to $45K.

Net worth:
Dec2017:$7800
Apr2018:$13,200
Aug2018:$22,800
Sep2018: $23,645
Oct2018: $23,658
Nov2018: $23,948 (+$290)
Dec2018: $23,960 (+12)
Jan2019: $27,100 (+3140)
Feb2019:$29,443 (+2343)
Mar2019: $31,603 (+2160)
Apr2019: $33,959 (+2356)- Another good savings month, if this keeps up I should meet my end of year goal! Its amazing for me to think I am up almost $20K for a year seeing as I made/will make less than 50K a year.

vertkurt

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Re: Race from 10 to 100k!!
« Reply #2344 on: April 28, 2019, 06:31:09 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
12/1/18= 44,300
1/1/19= 46,862
2/1/19= 53,310
3/1/19 = 59,800
4/1/19 = 63,705
5/1/19= 70,328

Imma

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Re: Race from 10 to 100k!!
« Reply #2345 on: April 29, 2019, 09:47:05 AM »
After spending almost two years in the Saving to 10k thread, I have officially graduated to this thread! :)

April 2019: €10094.35


Goals for 2019:
Savings: €5000
Investments: €10000

I'm on a low-ish income compared to many on MMM, but I've increased my income by 50% since I started to track my savings 2 years ago, so I'm getting there! I don't personally track my net worth but my savings + investments instead. We bought our home during a real estate dip and we're now in a bubble where prices go up by 10% a year. We already live in a very cheap and small home so the only way we could ever release this equity is by selling up and moving into a tent. As we're not planning on doing that anytime soon, I don't want to distort my numbers by adding the value of our home.

Hirondelle

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Re: Race from 10 to 100k!!
« Reply #2346 on: April 29, 2019, 10:17:59 AM »
Welcome @Imma! Good to see you here :)

zeli2033

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Re: Race from 10 to 100k!!
« Reply #2347 on: April 30, 2019, 07:36:40 AM »
8/31/18: $12,784
9/17/18: $14,547
9/28/18: $22,476
10/15/18: $24,956
10/31/18: $27,980
11/15/18: $30,081
11/30/18: $36,219
12/31/18: $36,235
1/15/19: $44,961
1/31/19: $52,928
2/16/19: $57,672
2/28/19: $61,806
3/16/19: $64,611
3/29/19: $72,482
4/15/19: $76,177
4/30/19: $99,041 (+22894)

Hello bonus! Goodbye Student Loan! Officially Debt-freeeeeeeeeeeee and so close to 100k NW!

fluffmuffin

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Re: Race from 10 to 100k!!
« Reply #2348 on: April 30, 2019, 09:10:41 AM »
Welcome @Imma! So great to have you on this thread :)

Old Ball Coach

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Re: Race from 10 to 100k!!
« Reply #2349 on: April 30, 2019, 09:33:48 AM »
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
Nov 2018 - $70,839.76
Dec 2018 - $58,351.73
Jan 2019 - $78,256.31
Feb 2019 - $87,795.97
Mar 2019 - $67,121.29
Apr 2019 - $75,155.85

Nice bounce back month for us after purchasing a used RAV 4 in March.... Onward and upward!
« Last Edit: April 30, 2019, 07:22:03 PM by Old Ball Coach »