Author Topic: Race from 10 to 100k!!  (Read 1226265 times)

Manchester

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Re: Race from 10 to 100k!!
« Reply #3000 on: June 23, 2020, 06:48:18 AM »
American Funds: $10,824
Robinhood: $18,200 (but fluctuating +/500 these days)
Edward Jones: $28,070
House equity: $58,000

Mortgage balance: $97,000

Total: ~$17,000

Kinda anxious to pay down the mortgage, especially since even more money can flow into investments that way. Calculations seem to indicate that throwing my stocks into the mortgage after I reach that level will net me more in the long term than paying it down at my current monthly rate of $1170 at 4.5% interest. I should probably redo those calculations under a refinancing scenario though.

Is 4.5% a normal rate in the USA? 

Seems astronomically high to me (in Britain).  Mine is at 1.8% which is high (and will hopefully be re-negotiated and reduced next September).

Optimiser

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Re: Race from 10 to 100k!!
« Reply #3001 on: June 23, 2020, 09:31:03 AM »
American Funds: $10,824
Robinhood: $18,200 (but fluctuating +/500 these days)
Edward Jones: $28,070
House equity: $58,000

Mortgage balance: $97,000

Total: ~$17,000

Kinda anxious to pay down the mortgage, especially since even more money can flow into investments that way. Calculations seem to indicate that throwing my stocks into the mortgage after I reach that level will net me more in the long term than paying it down at my current monthly rate of $1170 at 4.5% interest. I should probably redo those calculations under a refinancing scenario though.

Is 4.5% a normal rate in the USA? 

Seems astronomically high to me (in Britain).  Mine is at 1.8% which is high (and will hopefully be re-negotiated and reduced next September).

It's a bit higher than current rates. I refinanced at 3.0% with a 30 year fixed rate mortgage a few months ago.

Manchester

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Re: Race from 10 to 100k!!
« Reply #3002 on: June 23, 2020, 10:08:21 AM »
American Funds: $10,824
Robinhood: $18,200 (but fluctuating +/500 these days)
Edward Jones: $28,070
House equity: $58,000

Mortgage balance: $97,000

Total: ~$17,000

Kinda anxious to pay down the mortgage, especially since even more money can flow into investments that way. Calculations seem to indicate that throwing my stocks into the mortgage after I reach that level will net me more in the long term than paying it down at my current monthly rate of $1170 at 4.5% interest. I should probably redo those calculations under a refinancing scenario though.

Is 4.5% a normal rate in the USA? 

Seems astronomically high to me (in Britain).  Mine is at 1.8% which is high (and will hopefully be re-negotiated and reduced next September).

It's a bit higher than current rates. I refinanced at 3.0% with a 30 year fixed rate mortgage a few months ago.

30 year fixed rates seem really risky for both banks and homeowners.  In the UK we usually fix the rate for 2/3 years before refinancing (or going onto a 'variable' rate, which are usually the national interest rate + x%).  Surprised there isn't a bank in America offering something similar, but then again, what do I know. :')

Sugaree

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Re: Race from 10 to 100k!!
« Reply #3003 on: June 23, 2020, 10:22:29 AM »
American Funds: $10,824
Robinhood: $18,200 (but fluctuating +/500 these days)
Edward Jones: $28,070
House equity: $58,000

Mortgage balance: $97,000

Total: ~$17,000

Kinda anxious to pay down the mortgage, especially since even more money can flow into investments that way. Calculations seem to indicate that throwing my stocks into the mortgage after I reach that level will net me more in the long term than paying it down at my current monthly rate of $1170 at 4.5% interest. I should probably redo those calculations under a refinancing scenario though.

Is 4.5% a normal rate in the USA? 

Seems astronomically high to me (in Britain).  Mine is at 1.8% which is high (and will hopefully be re-negotiated and reduced next September).

It's a bit higher than current rates. I refinanced at 3.0% with a 30 year fixed rate mortgage a few months ago.

30 year fixed rates seem really risky for both banks and homeowners.  In the UK we usually fix the rate for 2/3 years before refinancing (or going onto a 'variable' rate, which are usually the national interest rate + x%).  Surprised there isn't a bank in America offering something similar, but then again, what do I know. :')

We have that.  It's called an ARM mortgage.  It's one of the things that caused a lot of problems in 2008/2009.

Optimiser

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Re: Race from 10 to 100k!!
« Reply #3004 on: June 23, 2020, 11:04:22 AM »
American Funds: $10,824
Robinhood: $18,200 (but fluctuating +/500 these days)
Edward Jones: $28,070
House equity: $58,000

Mortgage balance: $97,000

Total: ~$17,000

Kinda anxious to pay down the mortgage, especially since even more money can flow into investments that way. Calculations seem to indicate that throwing my stocks into the mortgage after I reach that level will net me more in the long term than paying it down at my current monthly rate of $1170 at 4.5% interest. I should probably redo those calculations under a refinancing scenario though.

Is 4.5% a normal rate in the USA? 

Seems astronomically high to me (in Britain).  Mine is at 1.8% which is high (and will hopefully be re-negotiated and reduced next September).

It's a bit higher than current rates. I refinanced at 3.0% with a 30 year fixed rate mortgage a few months ago.

30 year fixed rates seem really risky for both banks and homeowners.  In the UK we usually fix the rate for 2/3 years before refinancing (or going onto a 'variable' rate, which are usually the national interest rate + x%).  Surprised there isn't a bank in America offering something similar, but then again, what do I know. :')

We have that.  It's called an ARM mortgage.  It's one of the things that caused a lot of problems in 2008/2009.

I've always heard people say to avoid variable rate mortgages because they are risky. With a fixed rate you know exactly what you will need to pay every month for the rest of the loan. If interest rates were really high right now, I might consider a variable rate. Right now though, with rates as low as they are, I was more than happy to to lock in 3% for the next 30 years.

Imma

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Re: Race from 10 to 100k!!
« Reply #3005 on: June 23, 2020, 01:02:07 PM »
American Funds: $10,824
Robinhood: $18,200 (but fluctuating +/500 these days)
Edward Jones: $28,070
House equity: $58,000

Mortgage balance: $97,000

Total: ~$17,000

Kinda anxious to pay down the mortgage, especially since even more money can flow into investments that way. Calculations seem to indicate that throwing my stocks into the mortgage after I reach that level will net me more in the long term than paying it down at my current monthly rate of $1170 at 4.5% interest. I should probably redo those calculations under a refinancing scenario though.

Is 4.5% a normal rate in the USA? 

Seems astronomically high to me (in Britain).  Mine is at 1.8% which is high (and will hopefully be re-negotiated and reduced next September).

It's a bit higher than current rates. I refinanced at 3.0% with a 30 year fixed rate mortgage a few months ago.

30 year fixed rates seem really risky for both banks and homeowners.  In the UK we usually fix the rate for 2/3 years before refinancing (or going onto a 'variable' rate, which are usually the national interest rate + x%).  Surprised there isn't a bank in America offering something similar, but then again, what do I know. :')

In the Netherlands fixed rates are very common, due to mortgage lending rules. If you have a variable rate, the mortgage lender needs to calculate affordability based on a fictional interest % , way higher than the current rates. If you get a 10+ years fixed rate the lender can calculate the affordability based on the real payment (and the customer gets the highest possible loan). We are 5 years into a 10-year fixed rate of 2,25% which seemed extremely low at that time. When the interest rates started to get really low, banks stopped offering 20 and 30-year terms. I think from a financial point of view, variable is the cheapest loan you can get (Euribor + a set percentage) so I think we'll switch to that after this fixed term is over, unless we could fix long-term at something lower than 3%-ish.

Slanhirn

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Re: Race from 10 to 100k!!
« Reply #3006 on: June 28, 2020, 08:28:10 AM »
Tracking net worth.

EOY 12.2016 - (-£10,250)
EOY 12.2017 - £4,360
EOY 12.2018 - £40,620
EOY 12.2019 - £62,523
01.2020 - £64,537 (+2,314)
02.2020 - £65,716 (+1,179)
03.2020 - £66,908 (+1,192)
04.2020 - £67,146 (+238)
05.2020 - £69,691 (+2,545)
06.2020 - £70,554 (+863)
07.2020 - £71,934 (+1,432)

Assets = £75,016
Student loans = (£3,082)

BobTheBuilder

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Re: Race from 10 to 100k!!
« Reply #3007 on: June 28, 2020, 11:47:37 AM »
Jan 22,634
Feb 24,893
Mar 23,454
April 28,515
May 34,893
June 37,667... can't belive it just keeps climbing with that pace. 375€ of that was re-imbursement for cancelled flights due to the pandemic. Still waiting for ~150€ for the return flight.

Approx. 11k in illiquid items and my half of our car.
This month is awesome, but only temporarily, since the vacation time bonus is coming due, but we have nowhere to go. So yeah I will probably block that for a brighter future.

15k+ in 6 months during a pandemic. I am blessed and feel the need to return that blessing soon.

Evasion

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Re: Race from 10 to 100k!!
« Reply #3008 on: June 30, 2020, 06:48:48 AM »
20 Dec 18 - 37,800
Mid March 2019 - 45,815
20 June 2019 - 50,890
Mid September 2019 - 57,608
15 December 2019 - 65,794
1 April 2020 - 71,465
15 May 2020 - 80,396
15 June 2020 - 85,996
1 July 2020 - 89,300

Onwards.. Pretty happy I'm almost at 90k for the end of financial year. Graduation planned for September. Made myself a plan for 200k before mid 2022, so far I'm on track. Will be interesting to see the July dividends soon. 

scapegote

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Re: Race from 10 to 100k!!
« Reply #3009 on: June 30, 2020, 08:23:35 AM »
May 31, 2020: $13,889.71
May 31, 2020: $14,889.84
June 30, 2020: $16,337.43 (+1447.59)

Forgot my $1k emergency fund account in May. Movement is a bit of debt pay-down and a smaller than normal year-end bonus. 401k/Pension were pretty flat this month.

haypug16

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Re: Race from 10 to 100k!!
« Reply #3010 on: June 30, 2020, 09:21:52 AM »
June 2020 Update
3/31/2017 (52,848.85) - Found MMM
3/31/2018 $(14,916.69) - 1 year in
3/31/2019 $9,917.20 - 2 years in
4/30/2019 $19,835.78
5/31/2019 $21,498.65
6/30/2019 $17,825.45
7/31/2019 $19,232.60
8/31/2019 $18,295.57
9/30/2019 $20,402.75
10/31/2019 $24,417.80
11/30/2019 $29,601.50
12/31/2019 $36,186.69
1/31/2020 $37,375.31
2/29/2020 $33,536.65
3/31/2020 $22,896.16 - 3 years in
4/30/2020 $32,841.74
5/31/2020 $41,382.08
6/30/2020 $49,125.78 +$7,743.70 increase!

Oh so close to the halfway mark. Fingers crossed I'll hit the $50ks by next month.

Ze Stash

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Re: Race from 10 to 100k!!
« Reply #3011 on: June 30, 2020, 11:04:55 AM »

Net worth:
01/01/2019: -    109,47 €
01/02/2019:      269,41 € (+   378,88 €)
01/03/2019:      890,47 € (+   621,06 €)
01/04/2019:   1.767,70 € (+   877,23 €)
01/05/2019:   3.755,46 € (+1.987,76 €)
01/06/2019:   4.814,83 € (+1.059,37 €)
01/07/2019:   5.959,50 € (+1.144,67 €)
01/08/2019:   7.116,94 € (+1.157,44 €)
01/09/2019:   9.855,39 € (+2.738,45 €)
01/10/2019:   9.718,18 € (-    137,21 €)
01/11/2019: 10.726,98 € (+1.008,80 €)
01/12/2019: 11.773,70 € (+1.046,72 €)
01/01/2020: 12.979,27 € (+1.205,57 €)
01/02/2020: 14.363,54 € (+1.384,27 €)
01/03/2020: 15.039,09 € (+   675,56 €)
01/04/2020: 15.456,74 € (+   417,65 €)
01/05/2020: 16.903,74 € (+1.447,00 €)
01/06/2020: 17.847,51 € (+   943,77 €)

01/07/2020: 19.991,35 € (+2.143,84 €)

Just barely missed 20k for the first time. Still didn't manage to find a buyer for my old motorbike, but it has inspired me to list a bunch of old junk on Ebay which netted ~300 € and cleared out the small basement a bit. Overall low spend month and investments also did ok. Wouldn't complain if it keeps going up like this.

Also my job just became a lot more secure/demanding suddenly. This also provides lots of upside potential as well though. A coworker quit yesterday to move to another larger company and I'm supposed to take over most of his responsibilities. I'm still early in my career and not really qualified for these tasks yet to be honest, so the learning curve in the next months should be pretty steep which I view as a plus. Also we're a small firm and him leaving frees up a lot of budget which I will use to try and negotiate a raise along with the additional responsibilities.

Imma

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Re: Race from 10 to 100k!!
« Reply #3012 on: June 30, 2020, 12:08:45 PM »
April 2019: €10094.35
May 2019: €11629.87
June 2019: €12728.63
July 2019: €13021,33
August 2019: €10363,95
September 2019: €10338.28
October: €11128.59
November: €11227,46
December: €11991,27
January: €12576,72
February: €11904,39
March: €10425,32
April: €11830,70
May: €12154,67
June: €14634,19

Goals for 2020:
Savings: €5250
Investments: €14750

Incredibly, despite everything, I just about reached my mid-year goal of 15k! So I'm on track for 20k by the end of the year. And that was an aspirational goal that I never expected to reach. Who knows what the second half of this year will bring but so far it's (financially) going well.

LittleWanderer

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Re: Race from 10 to 100k!!
« Reply #3013 on: June 30, 2020, 12:56:15 PM »
June 2019 - $27,758
July 2019 - $29,419
August 2019 - $29,884
September 2019 - $30,602
October 2019 - $31,770
November 2019 - $33,081
December 2019 - $34,820
January 2020 - $36,392
February 2020 - $35,701
March 2020 - $32,466
April 2020 - $36,157
May 2020 - $38,540

June 2020 - $39,514

Ugh, so close yet so far from the 40s.  My 401K has been bouncing around like crazy, obviously. 

Optimiser

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Re: Race from 10 to 100k!!
« Reply #3014 on: June 30, 2020, 05:19:19 PM »

Mar 2019 $14,000
Apr 2019 $12,700
May 2019 $9,500
Jun 2019 $11,500
Jul 2019 $17,000
Aug 2019 $19,900
Sep 2019 $19,900
Oct 2019 $26,200
Nov 2019 $34,500
Dec 2019 $37,200
Jan 2020 $43,700
Feb 2020 $45,400
Mar 2020 $45,300
Apr 2020 $52,800
May 2020 $59,400

Jun 2020 $63,400

Tass

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Re: Race from 10 to 100k!!
« Reply #3015 on: June 30, 2020, 08:37:24 PM »
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
Apr 18$16.6k
May 18$17.7k
Jun 18$18.5k
Jul 18$20.2k
Aug 18$20.8k
Sept 18$22.2k
Oct 18$21.7k
Nov 18$22.5k
Dec 18$22.4k
Jan 19$24.7k
Feb 19$27.2k
Mar 19$29.3k
Apr 19$31.3k
May 19$31.5k
Jun 19$33.3k
Jul 19$35.1k
Aug 19$36.7k
Sep 19$38.6k
Oct 19$40.2k
Nov 19$42.6k
Dec 19$44.6k
Jan 20$49.0k
Feb 20$46.5k
Mar 20$42.7k
Apr 20$47.5k
May 20$50.6k

Jun 20: $53.5k

Mostly just keepin' on. Unusual spending this month, most of which will be reimbursed, but already offset by finally  getting my stimulus check. My roommates plan to move out, and I just re-reached 10% of my minimum FI # taking that into account. Hoping to still scrape a 50% savings rate for the year.
« Last Edit: July 31, 2020, 09:49:19 PM by Tass »

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3016 on: July 01, 2020, 01:48:29 AM »
Here we are:

May 2020: EUR 17,034
Jun 2020: EUR 18,160

Next months will be a little slower with holiday time coming up and one child starting a new school, so she will need some supplies (Chromebook etc....).


Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3017 on: July 01, 2020, 01:50:37 AM »
April 2019: €10094.35
May 2019: €11629.87
June 2019: €12728.63
July 2019: €13021,33
August 2019: €10363,95
September 2019: €10338.28
October: €11128.59
November: €11227,46
December: €11991,27
January: €12576,72
February: €11904,39
March: €10425,32
April: €11830,70
May: €12154,67
June: €14634,19

Goals for 2020:
Savings: €5250
Investments: €14750

Incredibly, despite everything, I just about reached my mid-year goal of 15k! So I'm on track for 20k by the end of the year. And that was an aspirational goal that I never expected to reach. Who knows what the second half of this year will bring but so far it's (financially) going well.

You will surprise yourself in the second half of the year. Keep up the good work!

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3018 on: July 01, 2020, 01:53:11 AM »


Also my job just became a lot more secure/demanding suddenly. This also provides lots of upside potential as well though. A coworker quit yesterday to move to another larger company and I'm supposed to take over most of his responsibilities. I'm still early in my career and not really qualified for these tasks yet to be honest, so the learning curve in the next months should be pretty steep which I view as a plus. Also we're a small firm and him leaving frees up a lot of budget which I will use to try and negotiate a raise along with the additional responsibilities.

Always try to negotiate a raise with the additional work and responsibilities. I did so in January (finally, after 2-3 years in my new role) and succeeded. That is why my 20% COVID payroll cut did not hurt that much!

mckaylabaloney

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Re: Race from 10 to 100k!!
« Reply #3019 on: July 01, 2020, 07:13:04 AM »
6/1/2020: $19,606.73
7/1/2020: $26,480.37

I realized this month that my automated monthly payments -- my minimum student loan principal payment, my mortgage principal payment, and my regular monthly contributions to my 401k and HSA -- increase my net worth by more than $4000 every month (well, unless my investment contributions lose value in the market, but that's temporary), even if I don't manage to save another cent. That's a really good feeling!

bcbaseballman

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Re: Race from 10 to 100k!!
« Reply #3020 on: July 01, 2020, 07:24:02 AM »

2018
1/31 : (5949.05)
2/28 : (5288.30)
3/31 : (4273.93)
4/30 : (2592.07)
5/31 : (629.70)
6/30 : 1,206.77
7/31 : 2,703.97
8/31: 5,651.70
9/31: 8,039.01
10/31: 7,803.49
11/30: 9,531.28
12/31: 9,296.79

2019
1/31/19: 13,493.35
2/28/2019: 15,766.50
3/31/2019: 19,286
4/30/2019: 19,283
5/31/2019: 18,676
6/30/2019 :22,362
7/31/2019: 24,646
8/30/2019: $27,199
9/31/2019: $30,664
10/31/2019: $33,343
11/30/2019: $35,249
12/31/2019: $39,079

2020
1/31/2020: $44,514
2/29/2020: $48,891
3/31/2020: $46,104
4/30/2020: $52,720
5/31/2020: $55,177


6/30/2020: $59,720

So close to the 60k mark. My goal it to get up to 75k by year end.

Don't forget to update your net worth in the spread sheet.

https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit#gid=0

Rosy

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Re: Race from 10 to 100k!!
« Reply #3021 on: July 01, 2020, 11:41:36 AM »
GOAL: $100K by Dec 31, 2021

$  4,588 June 2017
$ 10,117 Dec 2017
       
$ 10,715 Jan 2018
$ 31,034 Dec 2018
       
$ 31,094 Jan 2019
$ 50,000 Dec 2019

$ 53,000 Jan 2020
$ 56,000 Feb 2020
$ 58,000 Mar 2020
$ 64,000 Apr 2020
$ 67,000 May 2020
$ 70,000 Jun  2020
$ 73,100 Jul   2020

Note:
July figures incl $500 extra savings

*** Projected for Aug $75,5K ***
Really looking forward to seeing $75K on my balance sheet next month - a new record:) and a major stepping stone toward that coveted $100K.
Fingers crossed...

There is no telling how this pandemic might impact our lives - we've been fortunate so far to experience no financial impact.

mckaylabaloney

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Re: Race from 10 to 100k!!
« Reply #3022 on: July 01, 2020, 01:35:50 PM »
@Rosy at this rate you are going to totally obliterate that goal! Way to go.

dizzy

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Re: Race from 10 to 100k!!
« Reply #3023 on: July 01, 2020, 05:38:04 PM »
Really just getting started here- 38, I did not start saving for retirement until last Oct.

Oct 2019- $1000
Nov 2019- $2340
Dec 2019- $2779
Jan 2020- $5658
Feb 2020- $5539
Mar 2020- $5024
Apr 2020- $5444
May 2020- $8302  (wherein I finally got some of unemployment)
June 2020- $20864 (wherein I got more unemployment plus the EIDL)

I got my COL down a bit despite buying a car in May (moved to bf's house in suburbs) and am hoping to stash as much of PUA/EIDL (now that I got them!  I swear it was a full time job calling and researching everything) as possible eventually.  It seems the best way tho is not to actually put it in until end of year and in the meantime earn bank bonuses and such.  My work has been slowly reopening but it will be slow, but I will start dialing up the hustle after July and the $600/weekly ends.

In June this includes opening a SEP IRA which it wasn't too late for with >$5k.  I have hedged 20% of my portfolio rn in commodities (mostly gold/silver).  Others is a split of 50% stock etfs (half foreign half domestic) and cash waiting to be deployed during the next downturn.

I also have another $5k in an investment due in 1.5 months, should make $130 or so off of it in addition to 5k MR points (and signup bonus of 10k points) which are already in my account and will eventually get cashed to my Schwab account @ 1.25 cents/point
« Last Edit: July 01, 2020, 05:41:03 PM by dizzy »

jdhansen

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Re: Race from 10 to 100k!!
« Reply #3024 on: July 01, 2020, 10:49:42 PM »
Progress continues slowly but steadily.  Nice to see everyone else making progress as well.

6/14/2020  $50,099
7/1/2020    $51,768


Ze Stash

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Re: Race from 10 to 100k!!
« Reply #3025 on: July 02, 2020, 02:20:56 AM »

Don't forget to update your net worth in the spread sheet.

https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit#gid=0

I just backfilled my NW in the spreadsheet to January 2019 and converted my NW in € to $ using today's exchange rate. That might misrepresent past NW numbers in $, but provides better comparability to the progress of others in the spread sheet I guess.

shrimpwd

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Re: Race from 10 to 100k!!
« Reply #3026 on: July 02, 2020, 06:37:56 AM »
                  401K   NW
1-1-2018     6455   24k
12-1-2018   9518   37k
4-1-2019    10960  49k
11-6-2019   13466  53k -start of race
12-29-19     14460   56k
2-02-20       14991  57k
3-01-20       14632   58k
4-01-20       13884   58k
5-01-20       17011   63k
6-01-20       19255    66.5k

7-01-20         20358     68.4k

I broke 20k! I might actually get to 25k invested before the end of the year.

Rosy

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Re: Race from 10 to 100k!!
« Reply #3027 on: July 02, 2020, 06:43:35 AM »
6/1/2020: $19,606.73
7/1/2020: $26,480.37

I realized this month that my automated monthly payments -- my minimum student loan principal payment, my mortgage principal payment, and my regular monthly contributions to my 401k and HSA -- increase my net worth by more than $4000 every month (well, unless my investment contributions lose value in the market, but that's temporary), even if I don't manage to save another cent. That's a really good feeling!

It is interesting to see the shift - sometimes it feels like a revelation - new perspectives opening up all the time.:)
... and yup, those are some satisfying numbers @mckaylabaloney

@shrimpwd - sweet victories along the way:)

CrabboStache

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Re: Race from 10 to 100k!!
« Reply #3028 on: July 02, 2020, 12:37:17 PM »

4/1/18 - 8,288.95
11/14/18 - 17,977.82
3/30/19 - 24,649.79
7/1/19 - 29,604.18
10/1/19 - 31,878.15
1/1/20 - 36,198.66
4/1/20 - 35,304.66

7/1/20 - 44,927.83

That's a BIG increase for me in one quarter! Might meet my stretch goal of 50K by the end of the year at this rate.

kaposzta

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    • Years Until FIRE Calculator
Re: Race from 10 to 100k!!
« Reply #3029 on: July 03, 2020, 07:49:21 AM »
July 12, 2019: $66,565
Aug 1, 2019: $68,207 (+2.47%, +$1,642)
Aug 29, 2019: $69,931 (+2.53%, +$1,724)
Sept 29, 2019: $71,138 (+1.73%, +$1,207)
Oct 31, 2019: $71,517 (+0.53%, +$379)
Nov 29, 2019: $73,138 (+2.27%, +$1,621)
Jan 01, 2020: $74,276 (+1.56%, +$1,138)
Feb 06, 2020: $73,621 (-0.88%, -$655)
March 05, 2020: $74,517 (+1.22%, +$896)
No data for April, I lost my interest seeing the losses :)
May 05, 2020: $68,620 (-8.59%, -$5,897)
June 04, 2020: $70,345 (+2.51%, +$1,725)
July 02, 2020: $72,483 (+3.04%, +$2,138)

Investments up, savings rate all time high, hence the great result for June.
I hope SR will be great during whole summer and my side business will recover (no domain sales during last 3 months).

lexde

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Re: Race from 10 to 100k!!
« Reply #3030 on: July 03, 2020, 08:39:03 AM »
3/15/2018: $12,926.94
3/31/2018: $12,989.49
4/13/2018: $16,254.32
4/30/2018: $17,831.70
5/15/2018: $18,911.08
5/31/2018: $21,674.06
6/15/2018: $23,447.78
6/29/2018: $20,396.96
7/21/2018: $22,666.63
7/31/2018: $24,667.50
8/23/2018: $25,400.62
8/31/2018: $27,393.30
9/14/2018: $28,138.60
9/28/2018: $30,242.60
10/26/2018: $29,793.20
11/21/2018: $32,551.23
12/7/2018: $33,589.65
12/21/2018: $33,986.10
1/18/2019: $35,782.18
2/15/2019: $43,365.46
3/1/2019: $44,391.15
3/15/2019: $45,689.39
3/31/2019: $48,303.11
05/25/2019: $53,145.15
06/07/2019: $54,674.68
06/21/2019: $57,532.15
07/03/2019: $58,718.06
07/19/2019: $60,172.27
08/02/2019: $60,058.32
08/16/2019: $62,923.68
01/06/2020: $69,508.25
01/17/2020: $73,128.38
01/31/2020: $77,313.16
02/16/2020: $80,269.73
02/28/2020: $77,245.88
03/13/2020: $70,222.54 (-$7,023.34)
04/03/2020: $72,480.14 (+$2,257.6)
04/10/2020: $80,296.56 (+$7,816.42)
05/14/2020: $86,077.33 (+$5,870.77)
05/22/2020: $89,931.92 (+$3,854.59)
06/05/2020: $95,094.67 (+$5,162.75)
06/19/2020: $97,312.23 (+$2,217.56)

07/03/2020: $99,510.35 (+$2,198.12)

So close, and yet so far! I have $1,600.00 in bank account bonuses set up that should be paid out over the next few months. Free, easy money!

Gingersnaps

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Re: Race from 10 to 100k!!
« Reply #3031 on: July 03, 2020, 09:10:59 AM »
I graduated from the 10k thread last month, but that was just for my investment account after discovering FIRE. So for this thread I figured I should add up everything towards my FI goal - investments, shares and pensions, but it does mean I've leapt ahead rather!

01/07/2020 - £75,523.86

This does include 1 pension that's very out of date, hopefully will have an update next month. Also I'm not including house, cars and cash as I'll keep them for an end of the year net worth update
« Last Edit: July 06, 2020, 07:16:01 AM by Gingersnaps »

JCGreen

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Re: Race from 10 to 100k!!
« Reply #3032 on: July 03, 2020, 04:54:14 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 2020 is to make it to $75K.

Net worth:
2017:
Dec2017:$7800
2018
Apr2018:$13,200
Aug2018:$22,800
Sep2018: $23,645
Oct2018: $23,658
Nov2018: $23,948 (+$290)
Dec2018: $23,960 (+12)
2019
Jan2019: $27,100 (+3140)
Feb2019: $29,443 (+2343)
Mar2019: $31,603 (+2160)
Apr2019: $33,959 (+2356)
May2019: $33,933 (-$26)
Jun2019: $37,928 (+3995)
Jul2019: $39,736 (+1808)
Aug2019: $39,918 (+182)
Sep2019: $34,179 (-5739)
Oct2019: $38,091 (+3912)
Nov2019: $39,867 (+1776)
Dec2019: $43836 (+$3968)
2020
Jan2020:$ 45,839 (+$2003)
Feb2020: $43,345 (-$2494)
Mar2020:$39,081 (-$4264)
Apr2020:$47,551 (+$9470)
May2020:$51,613 (+$4,061)
Jun2020$56,760.75 ($5147.33) Heading in the right direction!

nmitb

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Re: Race from 10 to 100k!!
« Reply #3033 on: July 05, 2020, 12:42:24 PM »

                       2019                2020                2021                2022               
Jan-$7,248$35,632--
Feb-$6,093$32,925--
Mar-$1,081$32,425--
Apr$1,221$25,737--
May$4,418$26,441--
Jun$5,562$28,440--
Jul$7,408$30,601--
Aug$9,255---
Sept$25,361---
Oct$27,333---
Nov$31,211---
Dec$33,422---

Stubblestache

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Re: Race from 10 to 100k!!
« Reply #3034 on: July 07, 2020, 07:37:07 AM »
It has been so long since I've been on these forums! Need to get my focus back, so good to see so many people doing so well :D

I'd love to join the race too please. I always keep three months in cash as an emergency, so I guess all my numbers below should really include that, but for simplicity I'll just put the total invested amount in:

July 2018: £20,385
October 2018: £24,504
January 2019: £25, 295
April 2019: £33,844
July 2019: £38,667
October 2019: £38,588
January 2020: £43,260
April  2020:  £38,094
July 2020: £49,062.35

BIG HALFWAY POINT COMING! (assuming markets don't tank)


Rimu05

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Re: Race from 10 to 100k!!
« Reply #3035 on: July 14, 2020, 07:53:56 AM »
I just graduated the Race to 10K thread so joining this one. :)

Student loan - ($24,307.94)
Credit card - ($240)


Savings - $2300
Checking - $240
401K - 31,017
Roth IRA - 1,063.71


Total -  10,073

Monthly update:

Student loan - ($24,307.94)



Savings - $2500
HSA - $3,074
Checking - $460
401K - $31,708
Roth IRA - $1,113.71


Total -  14,548

Feivel2000

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Re: Race from 10 to 100k!!
« Reply #3036 on: July 15, 2020, 12:35:13 AM »
PTF and to join you soon.

I am on my way to 100k, but I am missing a good overview... shame on me.
I also more or less lost a decade, but that is snow from yesterday, as we say in Germany :-D

Evasion

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Re: Race from 10 to 100k!!
« Reply #3037 on: July 15, 2020, 06:05:16 AM »
20 Dec 18 - 37,800
Mid March 2019 - 45,815
20 June 2019 - 50,890
Mid September 2019 - 57,608
15 December 2019 - 65,794
1 April 2020 - 71,465
15 May 2020 - 80,396
15 June 2020 - 85,996
1 July 2020 - 89,300
15 July 2020 - 90,232

Slightly underwhelming update BUT
Mid month updates are usually less big due to how my 401k gets paid
I am still waiting on EOFY dividends
Basically still on track for my plan, hoping to graduate by 1st September

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3038 on: July 15, 2020, 08:11:32 AM »
Tracking investments, emergency fund and additional pension investments (all to be used to retire together with SO!)
(not tracking company pension investments, house value and current accounts)

15 May 2020: EUR 17,034
15 Jun 2020: EUR 18,160
15 July 2020: EUR 18,809

Happy with every increase!

Stubblestache

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Re: Race from 10 to 100k!!
« Reply #3039 on: July 16, 2020, 01:37:33 AM »

15 July 2020 - 90,232

Slightly underwhelming update BUT
Mid month updates are usually less big due to how my 401k gets paid
I am still waiting on EOFY dividends
Basically still on track for my plan, hoping to graduate by 1st September

You're so close! Really encouraging to see so thank you for posting. Can't wait until you move to the race to 200k :)

Feivel2000

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Re: Race from 10 to 100k!!
« Reply #3040 on: July 16, 2020, 04:48:39 PM »
86.134 €

Wow, I am way closer than I thought! Let's do this!


Spoiler: show
        Assets
             
         Debts
             
Flat
+ 83.000 €
Mortage
- 77.000 €
Unit-Linked Life Insurance
+ 47.304 €
Fixed-Term Deposit
+ 2.000 €
ETFs
+ 20.872 €
Stockpicks
+ 5.984 €
Peer-To-Peer
+ 2.473 €
Crypto
+ 1.500 €


Spoiler: show
          2020
          2021
          2022
          2023
Jan
-
-
-
-
Feb
-
-
-
-
Mar
-
-
-
-
Apr
-
-
-
-
May
-
-
-
-
Jun
-
-
-
-
Jul
86.134 €
-
-
-
Aug
-
-
-
-
Sept
-
-
-
-
Oct
-
-
-
-
Nov
-
-
-
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Dec
-
-
-
-
« Last Edit: July 17, 2020, 12:01:10 AM by Feivel2000 »

lexde

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  • Age: 34
Re: Race from 10 to 100k!!
« Reply #3041 on: July 17, 2020, 08:16:54 AM »
3/15/2018: $12,926.94
3/31/2018: $12,989.49
4/13/2018: $16,254.32
4/30/2018: $17,831.70
5/15/2018: $18,911.08
5/31/2018: $21,674.06
6/15/2018: $23,447.78
6/29/2018: $20,396.96
7/21/2018: $22,666.63
7/31/2018: $24,667.50
8/23/2018: $25,400.62
8/31/2018: $27,393.30
9/14/2018: $28,138.60
9/28/2018: $30,242.60
10/26/2018: $29,793.20
11/21/2018: $32,551.23
12/7/2018: $33,589.65
12/21/2018: $33,986.10
1/18/2019: $35,782.18
2/15/2019: $43,365.46
3/1/2019: $44,391.15
3/15/2019: $45,689.39
3/31/2019: $48,303.11
05/25/2019: $53,145.15
06/07/2019: $54,674.68
06/21/2019: $57,532.15
07/03/2019: $58,718.06
07/19/2019: $60,172.27
08/02/2019: $60,058.32
08/16/2019: $62,923.68
01/06/2020: $69,508.25
01/17/2020: $73,128.38
01/31/2020: $77,313.16
02/16/2020: $80,269.73
02/28/2020: $77,245.88
03/13/2020: $70,222.54 (-$7,023.34)
04/03/2020: $72,480.14 (+$2,257.6)
04/10/2020: $80,296.56 (+$7,816.42)
05/14/2020: $86,077.33 (+$5,870.77)
05/22/2020: $89,931.92 (+$3,854.59)
06/05/2020: $95,094.67 (+$5,162.75)
06/19/2020: $97,312.23 (+$2,217.56)
07/03/2020: $99,510.35 (+$2,198.12)

07/17/2020: $103,981.86 (+$4,471.51)

Right on time! Looks like we got a bit of a market bump as well which contributed. I’m really happy with my progress and guess I’ll be moving on to the next gauntlet for now!

Here’s a visual of my progress from September 2016 (discovering MMM to today) for anyone that likes data/charts:




Keep being awesome! :-)

mckaylabaloney

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Re: Race from 10 to 100k!!
« Reply #3042 on: July 17, 2020, 10:59:36 AM »
Congrats @lexde!

Trifle

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    • In The Garden
Re: Race from 10 to 100k!!
« Reply #3043 on: July 17, 2020, 03:13:21 PM »
Huge congratulations @lexde!  Absolutely fantastic.  Now go tear up that next thread!!

Optimiser

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Re: Race from 10 to 100k!!
« Reply #3044 on: July 17, 2020, 04:01:26 PM »
Great work @lexde! Hope to see you soon(ish) in the next thread.

shinn497

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Re: Race from 10 to 100k!!
« Reply #3045 on: July 19, 2020, 03:46:28 AM »
I don't remember the last time I posted here. The graph says I was $33,400 in 11/1/2019

I am now at $49500 ;3

Stubblestache

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Re: Race from 10 to 100k!!
« Reply #3046 on: July 19, 2020, 11:55:23 AM »
Amazing @lexde ! Look forward to seeing you again when I graduate to the next threat too :)

dizzy

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Re: Race from 10 to 100k!!
« Reply #3047 on: July 19, 2020, 12:18:37 PM »
Oct 2019- $1000
Nov 2019- $2340
Dec 2019- $2779
Jan 2020- $5658
Feb 2020- $5539
Mar 2020- $5024
Apr 2020- $5444
May 2020- $8302  (wherein I finally got some of unemployment)
June 2020- $20864 (wherein I got more unemployment plus the EIDL)
mid July 2020- $31724 (got the rest of the backpay, woohoo!)

Hit $30k this week, very stoked.  Dis some crazy shiz in the last few months.
PUA has been amazing for me and I hope to take huge advantage of stashing. 
Work has been opening a little, it's here and there, this week I made ~ $375 which is pretty dope.  But $300 of that was from one day sooooo?
I have a DoorDash offer for $100 if I do 40 trips in the next 2 weeks.  I've slacked on deliveries lately bc didn't want to mess up my unemployment but will probs just go for it since the extra $600 is ending soon anyway and I already got my backpay finally.

Finance stuff:
I opened a SEP IRA and put in $5kish recently, and then put 20% of my holdings in commodities. I don't feel the most bullish on bonds right now, the metals will be my hedge.
I did more research on whether opening a self-directed IRA with MySolo401K is worth it or not.  I really would prefer to include a small position in crypto and wine, and maybe at some point real estate (tho there are a lot of options I'm into that you can set up an IRA with).
I plan to get to $15k in cash then put it in a bank bonus deal that will earn me $600 + funding with CC to earn $40.

Entrepreneurship:
I also have been reading more about "passive" income.  Eventually I'd like to offer another kindle book (I have a poetry journal of the Appalachian Trail- yeah, you can guess that's not a top seller lol).
I'm going to start with tradelines and also am working on resurrecting my business for seeing a limited number of (acupuncture) patients privately, making a website again to offer this and other services I do (herbal medicine, Reiki, astrology and I Ching readings).  I am thinking even to offer "money coaching"- I've basically been doing this for friends all through the pandemic and in general.

I will also start calling again to figure out WTF is going on with the insurance companies I've applied to be in network with (one company it's been over 2 years, I hate being on the phone for literally hours but now I'm good at it after dealing with PUA last few months).  Getting paid via insurance is good money and I feel less bad about taking it than charging a lot for a treatment.  It would help me do sliding scale for people which I would like.

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3048 on: July 20, 2020, 04:24:12 AM »
Congrats @lexde . Less than 2.5 years from 10 to 100 is a job very well done!

Evasion

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Re: Race from 10 to 100k!!
« Reply #3049 on: July 22, 2020, 08:36:10 PM »

15 July 2020 - 90,232

Slightly underwhelming update BUT
Mid month updates are usually less big due to how my 401k gets paid
I am still waiting on EOFY dividends
Basically still on track for my plan, hoping to graduate by 1st September

You're so close! Really encouraging to see so thank you for posting. Can't wait until you move to the race to 200k :)

Thanks mate! Dividends were pretty big too, so I'm expecting a large jump for the August 1 update. Then I'll go and chase lexde (congrats!) in the next thread haha.

 

Wow, a phone plan for fifteen bucks!