Race from 10 to 100k!!

[zinny1]

Hi all,

Down $1050 this month compared to last month but had some expensive medical bills (almost $5K) so not too disheartened. Back to normal savings rate now.

I haven't been including my Super (retirement) savings but they are steadily growing also (up $6K in 2 months)

[Primm]

Hi all,

Down $1050 this month compared to last month but had some expensive medical bills (almost $5K) so not too disheartened. Back to normal savings rate now.

I haven't been including my Super (retirement) savings but they are steadily growing also (up $6K in 2 months)

I don't include my Super either, if I did I wouldn't be eligible for this challenge. It's just stuff I've personally saved/invested that I count.

[kickel]

The spreadsheet seems to be working fine for me.  I bought a nice road bike this month, so savings weren't quite what they would have been, but I got a hell of a deal on the bike.  Used on Craigslist for $1,000, the MSRP is $4,200, has all the components I would like and came with clipless pedals and a pair of shoes.

Oct:     $70,999.50
Nov:    $73,869.62
Saved: $2,870.12

Next month our new high deductible health plan starts taking premiums, which will mean a bit of savings for us along with the adjustment done on my W-4, we should see our savings accelerate.

Sounds like a steal for the bike, well done! On another note, ohyonghao I'm right on your tail! This month I had a multi paycheck month with bonuses and commissions paying out so I saw a significant jump in savings. Since I've started taking this challenge seriously it has become easier and easier to save.  Keep up the good work all!

[seanc0x0]

Another decent month. Up 17.28% to ~$9180.  I have managed to ramp up savings from $400 a month to $1200. Would like to get it to around $2000, but it'll be hard over the next year. My wife is going on maternity leave and we'll be down to 60% of her salary, so I'll have to contribute more during that time.  Not too worried about it though, more concerned about daycare costs for 2 kids when she does go back to work.

[Wiggle]

End of October Update:
Cash/Savings: $2,633
Mutual Funds (non-retirement, house savings): $10,139
Work Retirement Accounts: $28,508

NW: $41,280 (increase of $1893)

End of November Update:
Cash/Savings: $3,092
Mutual Funds (non-retirement, house savings): $10,294
Work Retirement Accounts: $28,650

NW: $42,036 (increase of $756)

Not terrible, I saved a bit of cash and added my normal amount to my work RRSPs but didn't really make any gains on those with the fluctuations.

[Runge]

Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.

Anyway, went from a $6100 net worth to about $11,500! Not too shabby!

I only monitory the Net Worth tab, so I haven't really looked into the growth tab and related. I did make a few changes last month that utilized Google's ArrayFormula() formula, but it seems like it really bogs down the whole spreadsheet. I've reverted them back to normal formulas, so that should help.

[carozy]

I'm trying to add in yesterday's net worth ($12,826) but it keeps crashing on me.  :(  Maybe I'll try later.

Pretty spendy lately.

[lpep]

Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.

Anyway, went from a $6100 net worth to about $11,500! Not too shabby!

I only monitory the Net Worth tab, so I haven't really looked into the growth tab and related. I did make a few changes last month that utilized Google's ArrayFormula() formula, but it seems like it really bogs down the whole spreadsheet. I've reverted them back to normal formulas, so that should help.

Thanks Runge! On my (slow, janky, on-its-last-legs) computer, the net worth tab opens fine but the others are wonky - think it might be the chart.

[SpareChange]

Steady as she goes month for SpareChange. I also bought a road bike this month, though it won't show up till next month in the numbers. Up $3,325.59.

[Mazzinator]

Oct 2014

Savings $89,520
SL -$67,477

NW $22,043

Nov 2014

Debt 67,460
Savings 92,845

NW 25,385
$20k, so next month is going to look awesome.. I'm going to change my race to $120k, because i feel like i'm cheating with a windfall..

Dec 2014

Debt 56,171
Savings 107,209

NW 51,038

[Fonzico]

No movement for me last month :( I started a new job with a very different pay schedule, resulting in me taking home about half my normal pay for the month. December should be much better though, as the new job comes with a nice pay increase!

[carozy]

Can anyone fix the spreadsheet?  It crashes in Firefox and Safari continually and automatically for me.  I want to add in my November net worth ($12,826).  And see how far I've come.  Thanks.

[kpd905]

Why didn't I find this thread earlier?  I just hit $0 net worth back around July, here are my net worth numbers:

July: -2460
Aug: 1780
Sept: 9409
Oct: 10594
Nov: 17052
Dec: 21525

This comes from maxing out a 401k, a really really generous employer contribution, and huge student loan overpayments.  I tend to pay my student loans in large chunks every few months. 

I am starting a new job in a month, and my 401k contributions will be dialed back to only hit their match (8% to get 4%), while I pay as much as possible to my loans with the goal of getting rid of them by December 2015.

[ohyonghao]

Why didn't I find this thread earlier?  I just hit $0 net worth back around July, here are my net worth numbers:

July: -2460
Aug: 1780
Sept: 9409
Oct: 10594
Nov: 17052
Dec: 21525

This comes from maxing out a 401k, a really really generous employer contribution, and huge student loan overpayments.  I tend to pay my student loans in large chunks every few months. 

I am starting a new job in a month, and my 401k contributions will be dialed back to only hit their match (8% to get 4%), while I pay as much as possible to my loans with the goal of getting rid of them by December 2015.

Welcome to the thread. It's a fun place to be, I find it exciting and encouraging to be with other people in a similar stage on the road to FIRE.  Things are looking up, I get all excited with each paycheck (paid weekly) to see my networth number grow throughout the month.

Happy Savings!

[Runge]

Can anyone fix the spreadsheet?  It crashes in Firefox and Safari continually and automatically for me.  I want to add in my November net worth ($12,826).  And see how far I've come.  Thanks.

I tinkered with the spreadsheet some. Let me know if you're still having issues.

[carozy]

Yes, unfortunately, still problems.  Although now it takes a bit longer to load but still crashes right away once loaded.  On Firefox it says "Something went wrong.  Please Reload."  (Crash) or "There's something wrong with this spreadsheet."  (Crash).  I haven't tried it on Safari because that's my personal Mac and I'm at work right now.  Thanks for adding my net worth and for trying to fix it!

[Runge]

I just took out most of the arrayformula() functions, which it seems really bogs down the spreadsheet. Other than that, I'm not sure what else would slow it down. I'm not an expert on spreadsheet efficiency/optimization.

[Primm]

Still not working on FF or Safari on a Mac. It appears to load but then crashes immediately on loading.

[Runge]

Hmm...Try clearing your cache? It might be trying to load an older version of the spreadsheet before it updates to the newer version. If that doesn't work, I'll disable some sheets and see if we can identify the issue from that.

[seanc0x0]

Still not working on FF or Safari on a Mac. It appears to load but then crashes immediately on loading.

It also crashes for me in Safari, but works 100% in Chrome. Don't have FF installed on this box. I'm running MacOS 10.9.5. 

Not a huge deal for me since I usually use Chrome, but there seems to be some incompatibility with something in the spreadsheet for Safari/FF. It's not likely a cache issue, since I can't remember the last time I fired up Safari on this machine (probably when it was Snow Leopard ;) )

[SpareChange]

Works fine for me...Chrome on a Win 7.

[Runge]

Still not working on FF or Safari on a Mac. It appears to load but then crashes immediately on loading.

It also crashes for me in Safari, but works 100% in Chrome. Don't have FF installed on this box. I'm running MacOS 10.9.5. 

Not a huge deal for me since I usually use Chrome, but there seems to be some incompatibility with something in the spreadsheet for Safari/FF. It's not likely a cache issue, since I can't remember the last time I fired up Safari on this machine (probably when it was Snow Leopard ;) )

Well maybe people should be just using Chrome. :D Kidding of course. I've got it loaded up in IE, but it's super sluggish. Not sure what's going on.

I'm going to make a copy of the whole spreadsheet and then delete all of the pages except the net worth. I'll then add back in one page at a time. Maybe this will help pin-point the problem. Let me know if you still have trouble loading it.

[carozy]

Thanks Runge for trying to fix it!

[Wiggle]

End of November Update:
Cash/Savings: $3,092
Mutual Funds (non-retirement, house savings): $10,294
Work Retirement Accounts: $28,650

NW: $42,036 (increase of $756)

Not terrible, I saved a bit of cash and added my normal amount to my work RRSPs but didn't really make any gains on those with the fluctuations.

Got paid early and won't be making anymore big financial moves this year so here is my end of December/end of 2014 update:
Cash/Savings: $3,805
Mutual Funds (non-retirement, house savings): $10,240
Work Retirement Accounts: $29,092

NW: $43,137 (increase of $1,101)

[McStache]

Just joined in!  I was able to backdate entries using Mint.  I started at about 20k and am up to just shy of 50k.

[tarheeldan]

Welcome, FliXFantatier and McStache!

[trailrated]

Ending the year with a large bump due to a bonus, a windfall, and some people paying me back :) Figured it won't change much in the next few days. Incredibly grateful for an amazing year.

[Paulie]

Ending the year with a bit under 17k in investments. Not too bad! At the end of next year I'm hoping to end at 40k. So 100k is still not near, but steady and slowly we're getting there ;)

[Pooperman]

Ended the year by breaking the 25k barrier! I estimate the 100k barrier will fall by the end of 2016, with the 50k barrier falling next year!

[tarheeldan]

That's  a very sweet bump indeed, Trailrated! Congrats all on their progress. I'm in Thailand and my Quicken is back stateside so I can't  update until I get back - can't  complain haha

[frogger]

Assets Jan. 2015: $37,200
Liabilities Jan. 2015: $33,850

Net Worth Jan. 2015: $3350
Net Worth Jan. 2014: ($13,300)

Up $3200 from last month and $16,950 from last year!

[ohyonghao]

Last month: $73,869.62
This Month: $77,388.38

Feel pretty good about the progress made this year.  In our budget I see we started the year at $32,700.35 and slowly climbed our way up to $77,388.38, a difference of $44,688.03.  We've learned so much this year about investing and look forward to the progress we can make in 2015.  Hopefully next year will be the last year we're in this part of the race and we can graduate to the $1mil thread (though our FIRE goal is actually much lower than $1mil).

Some of our plans for 2015 include maxing out Traditional IRA's (no match on my 401k, so I figure Trad. IRA's where I get to choose which bank (Vanguard) is better than whatever one struck a deal with my out sourcing company since we haven't been able to set aside more than the IRA max anyway), and maxing out our new HSA, which gets us up to what a 401k could have.  Another goal is to refinance our house from a 30 year FHA mortgage to a lower rate conventional 15 year mortgage.  The one large foreseeable event for next year is painting our house's exterior.

Here's to wishing you all a fantastic 2015, now put down those razor blades and bring out the beard wax.

[carozy]

Would someone mind entering in my net worth for Dec. 31, 2014?

$14,319

I'd appreciate it.  The spreadsheet will open but won't let me record my net worth.

Thanks and happy new year!

[JLee]

Ending the year right around 30k in investments/retirement. ~50k NW if I count equity in my house (128k left on 150k appraisal). A bit higher if I count vehicles (all paid off), but I'll go with 50k.  I'd love to see 100k at the end of 2015, but I think even 75k would be ambitious enough!

[SingleMomDebt]

Trailrated Nice jump up!

I ended the year right under 30K. Least it is going up!

[SpareChange]

Solid month to end a great year. Scored some good overtime to offset a few expenses. Net worth up 4400 for the month, and 44k for the year. Doesn't include my 401k match for 2014, which apparently comes as a lump sum in another month or so. Very proud of the progress our spreadsheet has made! Here's to a great new year for every row on it! :)

[Mazzinator]

End of May
Savings $75k
Student loans -$71k

Net worth $4k

End of dec
Savings $111k
Student loans -$56k

NW $55k

[Runge]

It's been a decent year for me all things considered.

I'm at 16837.97 for the end of the year, up 2.07% from last month. Most of the gains was due to contributions though as the majority of my portfolio lost value, but that's no problem. It allowed me to buy a few things on sale. .

Congrats to everyone who's been participating in this. It's awesome to see everyone's progress, even the slow ones like me. :D Here's to an even more successful 2015!

Month|	NV|	Change|	% Change
May 2014|	11,192.56|	--|	--
June 2014|	12,600.36|	1,407.80|	12.58%
July 2014|	12,179.92|	-420.44|	-3.34%
August 2014|	14,695.45|	2,515.53|	20.65%
September 2014|	14,534.07|	-161.38|	-1.10%
October 2014|	15,774.94|	1240.87|	8.61%
November 2014|	16,496.95|	722.01|	4.51%
December 2014|	16,837.97|	341.02|	2.07%

[seanc0x0]

Finally got the chance to run the numbers for December, been very busy. Only up 5.69% this month, due to market headwinds. Since I'm mostly in the Canadian market, I've been hit pretty hard by the precipitous drop in oil prices. Still plowing money into the market, though! The other headwind I'm facing is a temporarily reduced income... we had a kid in December, and both my DW and I are taking time off (2 months for me, 11 for her). This year may be a bit lower savings than last.

Numbers: $9700 or thereabouts.  I was hoping to break $10000 by the end of the year, but the market gods were not kind. I'll hit it a month late, though, so it's all good. :)

[kickel]

Good year overall, however the last month didn't pan out to well. I ended up purchasing a car. 06 Honda Hybrid which set me back a little, in addition to the market down turn. Overall it still went up so I can't complain too much! hopefully in the next few months I'll be able to graduate from this thread into into the race to 1 million. Until then 100,000 here I come

[Grog]

Me too I'm racing towards 100k, but I didn't initially posted since I was already at more than 10k when I started reading MMM (January 2014). Anyway I've decided to put down my progression to both keep track and analyze what I did.
I am in full mustachian mode since august 2014 (biking everywhere, homemade lunch, no shopping for materialistic shit, and so on).

My total assets in middle september 2012, when I finished my master (I'm now 29, working and living in Switzerland) and started working as a researcher at my university, was 11k chf:
1k swiss franc in a cash account
10k gold bullion inherited by my grandfather, never known him, it's actually the only thing I have left of him.

After ~28 months I've now a total of 66k swiss francs (switch job in between, started working in industry for a small bump in pay):
16k company pension plan
15k retirement account
10k bullion (I struggle to sell it, there is my fucking name engraved in it! from my grandpa!)
25k taxable account investment

I'm very happy for the moment (+55k in 28 months, ~2k/month in switzerland is very difficult), but is amazing to see that my total at the end of 2014 was 35k, and I did manage to save 31k only in the last 12 months.....

By end of 2015 I should reach 100k, also +89k in 40 months. It's amazing only to think about it :)

[zinny1]

I've called my end of January NW early as I've been paid and won't be adding any more to savings this week - up to $23700 from $20895 with more medical payments in the mix so pretty happy.

My Super (Australian pension scheme - inaccessible before 65 years old, so not included in this challenge) is also up $3.5K in a month (and $27.5K over 12 months) so happy with my overall progress.

Looking forward to seeing some good results from other challengers next week!

[trailrated]

Down a few k due to a $2,780 medical bill and paying insurance for the next 6 months... ahhhh next month I will be back up again

[Pooperman]

Up about $3k this month to about $28,750 in Net Worth and $14,500 in invested assets*.

*ignores some numismatic investments (silver), and some other things with a total combined value of around $2k.

[SingleMomDebt]

I did it! I surpassed the $30K line in Networth ($30,781).

With a bit of a downward fluctuation in stocks, I didn't think it was going to surpass, but it did :) I'm so proud of myself. Godspeed to 100K!

[ohyonghao]

I did it! I surpassed the $30K line in Networth ($30,781).

With a bit of a downward fluctuation in stocks, I didn't think it was going to surpass, but it did :) I'm so proud of myself. Godspeed to 100K!

Congratulations!  That's an exciting mark to reach.  It's bitter sweet at the end of the month to be seeing the market drop.  On one hand it lowers my networth, on the other hand it allows me to buy more stock at the beginning of the month :-D

[FoundPeace]

Went up by $4218 to$ 43,320 because I am now partially vested in my employers 401(k) contributions!

January was also my last month living rent-free, so I shouldn't be increasing my NW by such leaps and bounds anymore :(. Still, not bad for 1 year of a full-time job after graduation.

[ohyonghao]

Ouch, stocks just went on sale, which put a bit of a damper on my NW this month.  Originally it had went up by the same amount as my take home pay, mostly due to the 5th paycheck.

Dec: $77,499.77
Jan: $82,878.52

Increase of $5,378.75

[Runge]

Slow and steady here...

Dec 2014: 16837.97
Jan 2015: 17374.40

Not much of an increase and mainly due to contributions. Glad to start seeing every one else's numbers.

[frogger]

Well, not quite as high as it could have been thanks to the stock market, but definitely higher than it would have been if my tax refund hadn't come just in time!

Assets: 39,050
Liabilities: 33,150
Feb. NW: 5900

Jan. NW: 3350