Author Topic: Race from 10 to 100k!!  (Read 1017826 times)

Ze Stash

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Re: Race from 10 to 100k!!
« Reply #3700 on: January 01, 2022, 12:27:08 PM »
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 )
01/08/2020: 23.859,77 (+3.868,42 )
01/09/2020: 27.705,58 (+3.845,81 )
01/10/2020: 28.348,92 (+   643,34 )
01/11/2020: 29.975,77 (+1.626,85 )
01/12/2020: 32.157,81 (+2.182,04 )
01/01/2021: 37.536,36 (+5.378,55 )
01/02/2021: 39.128,65 (+1.592,29 )
01/03/2021: 43.488,25 (+4.359,60 )
01/04/2021: 50.227,75 (+6.739,50 )
01/05/2021: 50.942,27 (+   714,52 )
01/06/2021: 45.969,23 (- 4.973,04 )
01/07/2021: 47.887,98 (+1.918,75 )
01/08/2021: 50.361,49 (+2.473,51 )
01/09/2021: 55.538,44 (+5.176,95 )
01/10/2021: 55.405,64 (-    132,80 )
01/11/2021: 62.397,76 (+6.992,12 )
01/12/2021: 62.957,50 (+   559,74 )

01/01/2022: 62.444,54 (-512,96 )

Happy New Year to everyone! I hope everyones wishes and goals for this year come true and that we can hopefully leave the pandemic behind us this year.

December ended on a very positive note, even though the net worth doesn't reflect this. Despite 2,8k in savings in december and good stock market returns net worth decreased due to BTC and ETH losing quite a bit. But much more importantly on the last working day of the year I sought out my boss with a bunch of improvements I think are neccessary for us to implement in order to do better going forward. He agreed to almost all of them and agreed to a raise for myself which translates to roughly 23 % more pay before taxes as well. Some particulars are not clear yet and due to some additional non-salary compensation which might happen the actual increase could end up being closer to 25 %. This will significantly increase my savings rate going forward.

Additionally I mentioned here a few months back that my bikes were stolen. My boss offered that the company would buy a bike which I am then allowed to use freely for personal use as well. In Germany companies can claim bikes and e-bikes as business expenses while the employees do not need to pay taxes for being allowed to use them for personal use in order to incentivize more people to ride by bike instead of by car. So it's essentially a free bike for me even though I won't be the legal owner of it. I had already set my eyes on a gravelbike which was pricey but still reasonable, roughly 1,7k new. When I showed this to my boss his exact words were: "I thought you wanted a real bike, take advantage of this." So now a pretty sweet bike for 3k was ordered which is set to arrive in a few weeks.

I had been dreading this conversation with my boss for a long time because even though I was sure these improvements are neccessary I wasn't sure how he would react to this unsolicited advice. It went much much better than expected.
« Last Edit: January 01, 2022, 12:32:24 PM by Ze Stash »

Imma

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Re: Race from 10 to 100k!!
« Reply #3701 on: January 01, 2022, 03:50:37 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 2019: 11128.59
November 2019: 11227,46
December 2019: 11991,27
January 2020: 12576,72
February 2020: 11904,39
March 2020: 10425,32
April 2020: 11830,70
May 2020: 12154,67
June 2020: 14634,19
July 2020: 15345,09
August 2020: 16444,46
September 2020: 17108,60
October 2020: 16687,93
November 2020: 17762,62
December 2020: 19386,94
January 2021: 20649.69
February 2021: 22021,64
March 2021: 22763,55
April 2021: 23866,70
May 2021: 25689.77
June 2021: 25659.61
July 2021: 26434.48
August 2021: 28512.33
September 2021: 29243.37
October 2021: 30357,48
November 2021: 32537,78
December 2021: 33194,68

Goals for 2021:
Savings: 10.000
Investments: 25.000

Didn't make my goal of 35k ... but also had an unexpected expensive that cost about 2200. That accounts for the difference. It was a necessity that I can easily afford, so no big deal.

@Tass @Ze Stash @LittleWanderer @shrimpwd  yay for progress!! Especially Tass for reaching the finish. It's incredible what you did. I'm so excited to see people from the 10k club make such good progress. We've come a long way on regular incomes.

Goals for 2022:
Savings: 15.000
Investments: 30.000

I expect a lot of uncertain expenses in 2022. That's why I want to increase the liquid buffer even higher. 15k is about 8 months of expenses so that's on the high side, but in the grand scheme of things 15k isn't all that much money. I hope that by the end of 2022 we'll have a much clearer picture of our financial situation. When the dust is settled down I can always put more money in the market, but I don't invest money that I may need sometime soon.

I don't track the value of my pension, my home and some sinking funds here so this is not a full picture.

Tass

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Re: Race from 10 to 100k!!
« Reply #3702 on: January 01, 2022, 06:26:20 PM »
Thanks @Imma , I'm rooting for you as well!

TyGuy

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  • Age: 27
  • Location: Oregon
Re: Race from 10 to 100k!!
« Reply #3703 on: January 02, 2022, 03:04:37 PM »
Student Loan Debt:

01/12/19: $43,762
05/04/20: $21,456
11/09/20: $21,456
05/04/21: $21,456
11/01/21: $21,456
12/01/21: $21,456
01/02/22: $21,456 (Loans have remained in forbearance)


Net Worth:

03/04/19: -$30,065
05/04/20: $10,739
06/05/20: $18,006 ($7,267)
07/05/20: $8,594 (-$9,412)
08/05/20: $9,084 ($490)
09/01/20: $13,497 ($4,413)
10/01/20: $12,283 (-$1,214)
11/01/20: $15,692 ($3,409)
12/05/20: $19,528 ($3,836)
01/01/21: $21,735 ($2,207)
02/03/21: $21,870 ($135)
03/01/21: $23,417 ($1,547)
04/02/21: $33,080 ($9,663)
05/04/21: $36,424 ($3,344)
06/01/21: $39,976 ($3,552)
07/03/21: $47,349 ($7,373)
08/02/21: $52,292 ($5,044)
09/02/21: $57,319 ($5,027)
10/01/21: $58,555 ($1,236)
11/01/21: $60,397 ($1,842)
12/01/21: $59,891 (-$506)
01/01/22: $63,049 ($3,148)


Happy with the increase! Had some planned expenses, as well as Christmas gifts in December, so any forward progress is good progress! I have one more big expense that I'm expecting in the next two to three months, but my tax return will more than cover it due to get a "kicker" back from the state this year! I plan to graduate from this thread by the end of the year! Happy new year everyone!
« Last Edit: January 02, 2022, 03:14:58 PM by TyGuy »

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3704 on: January 03, 2022, 01:43:13 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 / special project savings)

15 May 2020: EUR 17,034 (started tracking)
15 December 2020: EUR 23,325

31 January 2021: EUR 24,040
28 February 2021: EUR 25,103
31 March 2021: EUR 26,263
30 April 2021: EUR 27,109
31 May 2021: EUR 30,039
30 June 2021: EUR 30,721
31 July 2021: EUR 31,784
31 August 2021: EUR 31,331
30 September 2021: EUR 31,508
31 October 2021: EUR 32,843
30 November 2021: EUR 33,275
31 December 2021: EUR 37,355
(2021 goal: EUR 35K) - YAY!!!!!! I made it!

HAPPY NEW YEAR!!!!!
Due to a nice December bonus and some market movements I could make my 2021 goal (and a little more)! So happy to have crossed the EUR 35K line. Now up to 2022 goal. This will be EUR 45K with a stretch goal to EUR 50K (which means I will be halfway on this challenge!).

@Imma: too bad you just missed your goal. But being able to save while having these kind of unexpected expenses is quite an accomplishment!
@Ze Stash: this sounds like excellent results on your conversations with your boss. Happy to see that they value your input!
@Tass: YOU MADE IT!!!! Doing the happy dance for you!

All others: let's rock 2022 with a lot of graduations!

regenaeb

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Re: Race from 10 to 100k!!
« Reply #3705 on: January 03, 2022, 08:09:35 AM »
11/30/20 - SEP Balance $ 15524.45 + Roth $ 1770.76 - Student loan balance $ 6897.45 = $ 10,397.76
12/30/20 - SEP Balance $ 16106.09 + Roth $ 1813.94 - Student loan balance $ 6306.71 = $ 11,613.32
01/29/21 - SEP + Roth $ 20,139.02 - Student loan balance $ 5,316.32 = $ 14,822.70
02/28/21 - SEP + Roth $ 21,680.41 - Student loan balance $ 4,000.15 = $ 17,680.26
03/31/21 - SEP + Roth $ 22,823.38 - Student loan balance $ 2,994.55 = $ 19,828.83
04/27/21 - SEP + Roth $ 24,365.29 - Student loan balance $ 1,699.29 = $ 22,666.00
05/31/21 - SEP + Roth $ 25,063.59 - Student loan balance $ 0 = $ 25,063.59 - Student loan is paid off!!!
8/21/21 - SEP + Roth $ 27,113.71
9/30/21 - SEP + Roth $ 27,063.71
10/29/21 - SEP + Roth $ 29,254.43
11/30/21 - SEP + Roth $ 30,055.54
12/31/21 - SEP + Roth $ 31,239.32

Reached my 2021 goal of being at $30K. Hoping for a great year in 2022. Goal to be at $50k by the end of 2022.