Author Topic: Race from 10 to 100k!!  (Read 235016 times)

kpd905

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Re: Race from 10 too 100k!!
« Reply #500 on: June 05, 2015, 06:50:16 PM »
I'm getting so close, we are at $80,000 in investments right now.  We are getting married in about 6 weeks, so I have been building up more cash than we need.  After the wedding I plan to max out both tIRAs for the year.  That plus 401k contributions will get us to $100,000 in either September or October.
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bokonon

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Re: Race from 10 too 100k!!
« Reply #501 on: June 06, 2015, 07:53:24 AM »
5/31/14: $48,054.09
---
4/30/15: $94,786.61
5/31/15: $100,323.89

Monthly Increase for May: $5,537.28
Yearly Increase since last May: $52,269.80

I more than doubled my net worth in a year.  Here's to doing it again this year :-D

Congratulations to you ohyonghao and to all of us on an incredible year.  We saved over $1 million together!  I almost think it would be cool to keep updating your networth in the spreadsheet even after you hit 100k...imagine what our group numbers would look like after 10 years. 

I'm proud to be part of such an awesome group, keep up the good work everyone!

SpareChange

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Re: Race from 10 too 100k!!
« Reply #502 on: June 06, 2015, 08:41:35 PM »
I'm proud to be part of such an awesome group, keep up the good work everyone!

+1

Mazzinator

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Re: Race from 10 too 100k!!
« Reply #503 on: June 08, 2015, 06:35:19 PM »
I'm in!! End of may was around $4k net worth. Hoping for $100k in 18-24 months.

Savings $75k
Student loans -$71k

Net worth $4k

I already have a journal, if you really want to see just how crazy i am ;) otherwise...good luck!!!

1 year update... (I "quit" tracking because i can't update the google doc)

Savings $135k
Student loans -$54k

NW $81k

Great job everybody!!! And congrats to those who already made it!!
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JLee

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Re: Race from 10 too 100k!!
« Reply #504 on: June 09, 2015, 02:15:53 PM »
Home values are climbing - comps are showing my house should be worth about $20k over what I paid for it less than 3 years ago. I also max'd my tiRA for 2015 - first IRA contribution ever (excluding rollovers)!

Liquid:
$6544.47

Vanguard:
$40,099.03

Franklin Templeton:
$3075.61

Home equity, assuming $160k value:
$32,635.23


Total $82354.34.  401k contributions are about $1600 a month and none have gone out for June yet. That should be roughly $11,200 (plus $1300+ in principal payments towards my house), putting me at $94854.34 plus market changes by year's end. :)
« Last Edit: June 09, 2015, 02:21:45 PM by JLee »

FXF

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Re: Race from 10 too 100k!!
« Reply #505 on: June 24, 2015, 02:43:07 AM »
Slow month again due to more holiday expenses for our Australia Trip in December. (AirBNB, Ocean Safari, Lodge)
That was the last big budget item for the trip though. And will make the vacation feel cheap while we are there. :p
Also the market seems to have been unfavorable this month. Mind you that might pick up again in the last week of June with the favorable news from Greece.
« Last Edit: June 24, 2015, 03:01:15 AM by FliXFantatier »

Wiggle

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Re: Race from 10 too 100k!!
« Reply #506 on: June 26, 2015, 05:23:53 AM »
Beginning of June update:
Cash/Savings: $7,698
Mutual Funds (non-retirement, house savings): $10,651
Work Retirement Accounts: $37,383
NW: $55,732 (increase of $1,548)

End of June Update:
Cash/Savings: $6,614
Mutual Funds (non-retirement, house savings): $10,568
Work Retirement Accounts: $39,193
NW: $56,375 (increase of $643)

Bad month for me.  Fair amount of spending, some of it necessary but admittedly some of it frivolous (new DIY speaker kits I bought to build, going to rationalize it as a learning experience in woodworking and building skills but still not ideal).  I am glad to know however that even in a bad month for me I am still increasing networth.  Most people I know having a bad month means taking on more debt.

Pooplips

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Re: Race from 10 too 100k!!
« Reply #507 on: June 26, 2015, 07:01:23 AM »
3/9/15 - PC Net Worth $53,877
4/1/2015 - $60,080.00
5/1/2015 - $63,589.00
6/1/2015 - $65,962.00

Updating today because I will be out of town next week.

6/26/15 - $70,181

Making some serious progress now!

jooles

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Re: Race from 10 too 100k!!
« Reply #508 on: June 26, 2015, 04:21:50 PM »
I'm in.  Just wanting to track how long it takes to add the next 100k to the NW. 

Aaand we're off!

Eristheunorganized

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Re: Race from 10 too 100k!!
« Reply #509 on: June 29, 2015, 02:29:13 PM »
My last post was a little different from my mint snapshot; I don't tend to count my car and motorcycle when I look at my net worth. June wasn't very good for me; but I'm still going in the right direction. The debt is my chase freedom card.

johnny847

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Re: Race from 10 too 100k!!
« Reply #510 on: June 29, 2015, 02:35:56 PM »
Ah Greece.

By looking at the ETF versions of the mutual funds I hold, it looks like my portfolio will drop today by about 60% of my take home pay for the month. 

This is why I like to focus more on savings rate as opposed to net worth - at least while I'm quite a ways away from my FIRE number.

Eristheunorganized

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Re: Race from 10 too 100k!!
« Reply #511 on: June 29, 2015, 03:17:37 PM »
Yeah. Everything is about to be on sale. Good for me, bad for my portfolio's self esteem.

johnny847

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Re: Race from 10 too 100k!!
« Reply #512 on: June 29, 2015, 04:01:09 PM »
Good for me, bad for my portfolio's self esteem.

Pfft screw that guy. Who cares about his self esteem ;)

fb132

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Re: Race from 10 too 100k!!
« Reply #513 on: June 29, 2015, 04:20:51 PM »
Ah Greece.

By looking at the ETF versions of the mutual funds I hold, it looks like my portfolio will drop today by about 60% of my take home pay for the month. 

This is why I like to focus more on savings rate as opposed to net worth - at least while I'm quite a ways away from my FIRE number.
My net worth will get a huge hit when I compile all my investments thanks to Greece, I am not sure yet (I will find out about it tomorrow), but I have a feeling it will be the first month this year where my net worth will be lower than the previous month simply because of what's going on in Greece *sigh*...the only positive spin in all of this is that I will be buying stocks next week at major rebate.

Pooperman

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Re: Race from 10 too 100k!!
« Reply #514 on: June 30, 2015, 07:29:49 AM »
Will know the results at the end of the day, but NW is way down. About $2,500 down due to an accident with the old car. As far as my accounting goes, it's worth nothing until it is sold, declared a total loss, or whatever.
« Last Edit: June 30, 2015, 08:01:47 AM by Pooperman »

celticmyst08

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Re: Race from 10 too 100k!!
« Reply #515 on: June 30, 2015, 11:15:28 AM »
Won't know for sure until tomorrow, but my prelimary estimates look like our end of June number will be ~$42.6k. That's up 11% from last month. I can't wait to get the final numbers! I really think we can hit $60k by the end of 2015!
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CanIndian

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Re: Race from 10 too 100k!!
« Reply #516 on: June 30, 2015, 09:31:08 PM »
I have been a perennial lurker on this forum and this is my first post. I hope you guys are open to let a complete noobie run along on this “everyone’s a winner” race. A detailed post or a journal is long overdue, but I will try to keep it short for this thread.

My professional life has been a mix of various financial mistakes. But a more serious NW journey started in a third world country post a grand wedding in 2011, with multiple debts totaling ~$35,000 (with interest rates ranging 13-18%) and a net worth of -15,000. I suppose marriage brings its own responsibilities and we started budgeting everything and tracking where we are spending, but were still conservative in our savings approach. DW and I started feeling our “hair on fire” and seriously attacked debt only in 2013 and cleared all the debt by Apr 2014. We hit positive NW in Dec 2012. This is how things went.

Nov 2011: -15,000 (debt -35,000)
Dec 2012: 1,000 (debt -30,000) hit positive NW.
Dec 2013: 10,200 (debt -20,000) moved to Canada mid 2013 and had our first child as well, and then the NW journey really took off with a promotion.
May 2014: 36,500 (0 debt) SO and I now vowed that the only debt we may ever consider is a mortgage
Dec 2014: 48,500 (had our second child, I know MMM proposes 1, but 2 is our number)

And in the last 2 months
May 2015: $63,000
June 2015: ~$65,550
So that’s where things stand.
Half of it is in third world investments in RE(a land 25% under water due to some unexplainable political machinations), mutual funds (growing at a handsome 23%/annum) and govt pension schemes (growing at 8%).
Canadian NW stands at 30,500.
Inv:      29000
Cash like:   3500   
CC Bal:   2000 (paid in full every month)
I thought I would track the Canadian NW part alone, with the overall NW makes more sense to see how far I am along on FIRE target. If things go to plan I should hit the 100K mark in mar 2016 and hit 50K in Canadian investment accounts by Jan 2016. i.e. if the Greece melt down proves a no starter, who knows how deep the cut is if Greece is to exit the EU.

Phew!! that’s a long first post. I promise to keep it simple from next week.
« Last Edit: July 01, 2015, 01:39:16 PM by CanIndian »

SpareChange

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Re: Race from 10 too 100k!!
« Reply #517 on: June 30, 2015, 11:20:45 PM »
Welcome to the new peeps!

Looks like Greece is taking a dump on much of our sheet this month, my row included. Still managed to be up 3350 despite the headwind.

Bart1ma3u5

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Re: Race from 10 too 100k!!
« Reply #518 on: July 01, 2015, 04:21:17 AM »
June will be my first negative month since joining the thread, atleast on paper. The reality is much better though as there is a month's worth of hotels and travel costs from last month for work that are weighing me down heavily, when that is reimbursed hopefully in the next week or two (hopefully the market keeps falling in the meantime so I am making a larger than average purchase on the cheap ;)) I should jump back up quickly.

fb132

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Re: Race from 10 too 100k!!
« Reply #519 on: July 01, 2015, 05:25:10 AM »
2015 Net worth:
January: 61 647,49$
February: 63 787,57$
March: 64 489,46$
April: 65 584,07$
May: 69 863,33
June: 69 561,33

For the first time this year, as predicted, my networth went down from the previous month and all this despite having saved 62,75% of my income. Like I predicted, my investments went down big time this month because of what's going on in Greece. I think I lost 1K$ this month if I combine all my investments.
« Last Edit: July 01, 2015, 05:52:22 AM by fb132 »

MEJG

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Re: Race from 10 too 100k!!
« Reply #520 on: July 01, 2015, 05:47:05 AM »
NW May 31, 2015: -59,533.84
NW June 30, 2015: -55,028.72

Change: +4,505.12
Zwillow says my house appreciated 5,000 this month, I don't buy that so I'm holding my house value steady rather than changing it.  NW change reflects savings, debt pay off and very very slight gains in some of our retirement accounts.

Goal for the year is to average 5,000 change per month.  Going to have to focus a bit more to achieve that.

johnny847

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Re: Race from 10 too 100k!!
« Reply #521 on: July 01, 2015, 08:22:52 AM »
June 2015: $85.9k

July 2015: $89k
August 2015: $87.8k

Mr. Market dropped my net worth by $5493.77. I never like seeing my net worth drop, but hey, in this case it also means I bought my investments at lower prices this month! I also tax loss harvested $4914.45 of losses. So that's a $3000 tax deduction at my 25% fed + 6% state marginal tax rates this year, and I carry forward $1914.45 of losses to next year (where I expect not to have any capital gains, so it will again be deducted against income).

Saved 64.8% of my income this month, but this is one of two months of the year that I get paid more than normal.
« Last Edit: August 31, 2015, 10:30:33 PM by johnny847 »

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #522 on: July 01, 2015, 03:00:16 PM »
Hm..the spreadsheet looks funny :/ Methinks someone had trouble with the "sort" feature. Undo!

Anyway, congrats to all on progress!

 Also seeing the market headwinds, but still ended the month up 4.5% and above the 3/4 mark :-)

Treesworth

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Re: Race from 10 too 100k!!
« Reply #523 on: July 02, 2015, 12:05:04 AM »
Looks like someone accidently deleted some cells, then someone updated the spreadsheet to the new current values column, then someone has sorted incorrectly. We need to go back to the 0154GMT on the 1st of July version.

I'm loving the market at the moment especially with a triple pay month. Getting a big jump next month too with a few grand windfall and a dividend payment coming in, expecting to easily break 20,000.

ash7962

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Re: Race from 10 too 100k!!
« Reply #524 on: July 02, 2015, 12:18:44 PM »
Hmmm I actually saved a lot of money in June since was net about 2100$ in cash.  The investment accounts offset that progress by a bunch though.  Hopefully things will look better in July, but ended June at 71735$.  Also had to pick up a loan repayment for 500$ a month which is coming directly from the funds I was using to invest.  Hoping to use that as motivation to cut back on some of the lifestyle creep I've been letting in recently.

Apples

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Re: Race from 10 too 100k!!
« Reply #525 on: July 05, 2015, 10:25:59 AM »
You know, I get on this thread to update my progress, and I look around at the other people in the top 10 Net Worths or so in this group and think "wow they're increasing their NWs so fast!" and I get the slight feeling that we're moving slowly.  Then I realize I had only hoped our NW would go up 30k this year (stock market and God be willing) and look to see that it has already gone up almost 20K in 6 months.  So basically we're kicking ass.  Thanks to everyone in this group for being awesome motivators.

hope2retire

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Re: Race from 10 too 100k!!
« Reply #526 on: July 05, 2015, 06:49:46 PM »
Just curious what is the average increase in NW per month or per year in this thread, who start with 10K or less at the beginning? From this we can calculate how long will it take to reach a 100k delta from zero on an average. Also, what is the average salary (guesstimate) on this thread? This could shed some light on what investment vehicle contributed to the rapid increase in NW for some. 

H2R

KzooKendrick

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Re: Race from 10 too 100k!!
« Reply #527 on: July 05, 2015, 06:56:45 PM »
This is a great idea - we could definitely add two columns to the spreadsheet. One can auto-calculate based on average NW change and the other we can let folks fill in as they feel comfortable.

The only thing a salary column wouldn't capture is changes in salary as it would be a static number - not sure if anyone cares to get down to that level, but thought I'd point it out.


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seanc0x0

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Re: Race from 10 too 100k!!
« Reply #528 on: July 06, 2015, 10:46:07 AM »
Ugh, my paltry contribution of $250 at the end of the month got me to +$5 last month. A combination of market headwinds and reduced contributions as we stockpile cash for renovations.

At least we'll have a new driveway this month without having to go into debt, but it does hurt the savings.  I also look forward to not worrying about the shovel catching on the driveway and nutting myself next winter! :)

frogger

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Re: Race from 10 too 100k!!
« Reply #529 on: July 11, 2015, 04:40:29 PM »
Nobody mind me this month (or next...or the one after). I'll be dropping NW until October--nine month pay calendar will do that.

May 31st: 21300
June 30th: 20200

MVal

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Re: Race from 10 too 100k!!
« Reply #530 on: July 14, 2015, 10:37:23 PM »
Oh boy, this is great! A thread for us "newbies" to ER! It can seem so out of reach sometimes reading about all the achievements of Mustachians about to FIRE with a million sacked away; it's really nice to read posts from people just starting out on their ER journey. This is the first year I'm really getting into it and my net worth should be around $45K by the end of the year between 401K, Roth and personal savings.

I'm aiming to be worth $75K by the end of next year, and hopefully 100K the year after that!
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

Proverbs 13:11
Wealth obtained by fraud dwindles, but the one who gathers by labor increases it.

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SpareChange

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Re: Race from 10 too 100k!!
« Reply #531 on: July 15, 2015, 12:08:06 AM »
Oh boy, this is great! A thread for us "newbies" to ER! It can seem so out of reach sometimes reading about all the achievements of Mustachians about to FIRE with a million sacked away; it's really nice to read posts from people just starting out on their ER journey. This is the first year I'm really getting into it and my net worth should be around $45K by the end of the year between 401K, Roth and personal savings.

I'm aiming to be worth $75K by the end of next year, and hopefully 100K the year after that!

Yes, this thread is perfect for those getting started. Stick with it, and good luck!

Rodgers12

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Re: Race from 10 too 100k!!
« Reply #532 on: July 17, 2015, 09:13:54 PM »
Hello Fellow Mustachian's,

Found the MMM website about a month ago, was already a mini mustachian without even knowing it. Have been sitting on the sidelines reading a bunch of the threads but as this particular topic is a current goal of mine, I decided this maybe just the thing to help keep me focused on the goal to 100K. Current NW is $$35,596. Projected year end NW should be about $45k.

SpareChange

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Re: Race from 10 too 100k!!
« Reply #533 on: July 17, 2015, 10:07:55 PM »
Hello Fellow Mustachian's,

Found the MMM website about a month ago, was already a mini mustachian without even knowing it. Have been sitting on the sidelines reading a bunch of the threads but as this particular topic is a current goal of mine, I decided this maybe just the thing to help keep me focused on the goal to 100K. Current NW is $$35,596. Projected year end NW should be about $45k.

Hello and welcome!

Runningtuff

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Re: Race from 10 too 100k!!
« Reply #534 on: July 24, 2015, 02:30:09 PM »
Paid off my student loan this month - it was 0% but still a nice milestone.

Also got the government retirement credit of $500 for the year, so currently sitting at $22,800, from $16,600 a year and a bit ago. It's encouraging to see it add up with just small steps.

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #535 on: July 24, 2015, 10:25:12 PM »


Paid off my student loan this month

Congratulations!!

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markbike528CBX

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Re: Race from 10 too 100k!!
« Reply #536 on: July 26, 2015, 02:34:56 PM »
Great thread and stories.   
Too old to participate, but i'm following to be able to show others
IT CAN BE DONE!

JLee

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Re: Race from 10 too 100k!!
« Reply #537 on: July 27, 2015, 01:05:58 PM »
I'm getting there!

$55,337.49 investments/deposit accounts
-$148.84 CC balance waiting for payoff
$37,193.16 home equity using Zillow (which is hopefully less than optimistic)

NW: $92,381.81

Not factoring in cars at all, but if I did I could add ~$15k.

$7,618.19 to go! I'm sending roughly $1900/mo to my 401k, so I should clear 100k in November-ish!

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #538 on: July 30, 2015, 02:51:31 PM »
I'm getting there!
I should clear 100k in November-ish!

Nice! You are killing it!


Yaay, I broke $80k this month!
$80,183.66, up $3,800 or 5% :-)

ETA: Also found a new apartment with 1 more bedroom AND closer to work for $170/mo less! Moving in in October. And, switching from Verizon to Project Fi ($60/mo to $30/mo) in the next 4-8 weeks!
« Last Edit: July 30, 2015, 02:53:49 PM by tarheeldan »

FrugalShrew

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Re: Race from 10 too 100k!!
« Reply #539 on: July 30, 2015, 03:27:49 PM »
It's funny what a psychological drag debt can be. I'm actually at slightly more than $10K net worth, but I still feel "in the hole" because my student loans are not yet paid off. I don't think any warm and fuzzy positive net worth feelings will manifest until I feel the relief of that debt being eliminated. That being said, it is nice to finally be at the start line of this gauntlet.

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #540 on: July 30, 2015, 05:23:14 PM »
That being said, it is nice to finally be at the start line of this gauntlet.
Congrats!

It's funny what a psychological drag debt can be.
I know the feeling! But it sounds like you're listening to reason rather than emotion which is good! Unlike me - I paid off my 1.9% APR car way too fast and I know that was an expensive way to get rid of that psychological drag.

FrugalShrew

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Re: Race from 10 too 100k!!
« Reply #541 on: July 30, 2015, 06:04:07 PM »
That being said, it is nice to finally be at the start line of this gauntlet.
Congrats!

It's funny what a psychological drag debt can be.
I know the feeling! But it sounds like you're listening to reason rather than emotion which is good! Unlike me - I paid off my 1.9% APR car way too fast and I know that was an expensive way to get rid of that psychological drag.

Luckily/unluckily, even though my student loans are federal, they are still at 6.8% interest (and now-paid-off ones were at 7.9%), so focusing on paying them down has given me a solid ROI. But it's hard to be rational. It was difficult putting money into my 401(K) (most of my current assets) with the student loans hanging over my head. I knew I should not pass up the tax-advantaged space, but it was not easy!

I know many here advocate holding low interest debt, such as a mortgage, and investing the funds elsewhere to reap greater returns, but I would definitely have a psychological hurdle to overcome to take on even low interest debt in the future. 

Pooplips

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Re: Race from 10 too 100k!!
« Reply #542 on: July 31, 2015, 07:47:48 AM »
3/9/15 - PC Net Worth $53,877
4/1/2015 - $60,080.00
5/1/2015 - $63,589.00
6/1/2015 - $65,962.00
6/26/2015 - $70,181.00


7/31/2015 - $72,988.00

My raise will be kicking in next Pay period hope to see this number jump bigtime.

JLee

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Re: Race from 10 too 100k!!
« Reply #543 on: July 31, 2015, 08:50:09 AM »
I'm getting there!
I should clear 100k in November-ish!

Nice! You are killing it!


Yaay, I broke $80k this month!
$80,183.66, up $3,800 or 5% :-)

ETA: Also found a new apartment with 1 more bedroom AND closer to work for $170/mo less! Moving in in October. And, switching from Verizon to Project Fi ($60/mo to $30/mo) in the next 4-8 weeks!

Recurring monthly savings are the best! Congrats!

I'm getting there!

$55,337.49 investments/deposit accounts
-$148.84 CC balance waiting for payoff
$37,193.16 home equity using Zillow (which is hopefully less than optimistic)

NW: $92,381.81

Not factoring in cars at all, but if I did I could add ~$15k.

$7,618.19 to go! I'm sending roughly $1900/mo to my 401k, so I should clear 100k in November-ish!

Zillow's valuation of my house went up a little, and I got paid again...factoring in the mortgage payment and 401k contributions that should hit tomorrow-ish, I'm looking at $95,072.38. I might hit 100k in September or October! :D

My paychecks are scary small with my 401k running at 40%, but I'm going to see if I can stretch it to the end of the year to get as much into my 401k as possible. Now that I have a pay stub to look at, I have $2094.84/mo going to my 401k (including match). This would put my final year end contributions (excluding match) at $15597.63. Not quite max, but it should be next year.

In other good news, after certain roommates leaving, installation of a programmable thermostat, and a variable speed pool pump, my projected August electric bill is less than half of what the bill was last year ($396 -> $190). Huge difference!

ohyonghao

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Re: Race from 10 too 100k!!
« Reply #544 on: July 31, 2015, 11:36:20 AM »
I'm getting there!
I should clear 100k in November-ish!

Nice! You are killing it!


Yaay, I broke $80k this month!
$80,183.66, up $3,800 or 5% :-)

ETA: Also found a new apartment with 1 more bedroom AND closer to work for $170/mo less! Moving in in October. And, switching from Verizon to Project Fi ($60/mo to $30/mo) in the next 4-8 weeks!

Recurring monthly savings are the best! Congrats!

I'm getting there!

$55,337.49 investments/deposit accounts
-$148.84 CC balance waiting for payoff
$37,193.16 home equity using Zillow (which is hopefully less than optimistic)

NW: $92,381.81

Not factoring in cars at all, but if I did I could add ~$15k.

$7,618.19 to go! I'm sending roughly $1900/mo to my 401k, so I should clear 100k in November-ish!

Zillow's valuation of my house went up a little, and I got paid again...factoring in the mortgage payment and 401k contributions that should hit tomorrow-ish, I'm looking at $95,072.38. I might hit 100k in September or October! :D

My paychecks are scary small with my 401k running at 40%, but I'm going to see if I can stretch it to the end of the year to get as much into my 401k as possible. Now that I have a pay stub to look at, I have $2094.84/mo going to my 401k (including match). This would put my final year end contributions (excluding match) at $15597.63. Not quite max, but it should be next year.

In other good news, after certain roommates leaving, installation of a programmable thermostat, and a variable speed pool pump, my projected August electric bill is less than half of what the bill was last year ($396 -> $190). Huge difference!

That's awesome.  I just recently got going with the 401k goodness too, though admittedly a little low at 12%, but my employer doesn't do matches and I have other tax advantaged accounts I'm filling.  Long term view is to switch to filling the 401k first, then filling my other buckets.

Keep it up and I'll see you in the 100k-250k thread soon.

Eristheunorganized

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Re: Race from 10 too 100k!!
« Reply #545 on: July 31, 2015, 09:35:15 PM »
My net worth went up very slowly. $63,924--->$65,555. This is partly because I bought a bicycle this month to replace mine that was stolen over the winter.
Also- I'm planning on selling my motorcycle, but have been lazy about it.

bokonon

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Re: Race from 10 too 100k!!
« Reply #546 on: August 01, 2015, 05:56:05 AM »
Well, we did it :)!  My wife and I have settled in above the $100k mark!!!  I was thinking to myself the other day, *if* everything goes according to plan, then I may never be worth less than $100k for the rest of my life.  Kind of a crazy thought!

This has been my favorite thread during the last year.  Fantastic idea and so encouraging to see everyone having so much success.  There are no fancy secret tips to my personal journey.  My gross family income is around $140k.  For our investments we max our our 401ks in vanguard (she gets a 6% match, I get 1%) and we are saving cash in a GE online account earning ~1% trying to save for a 20% house down payment.  You know what they say - slow and steady wins the race!  That's the MMM way!

Congratulations everyone for the awesome progress and the awesome thread!


tarheeldan

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Re: Race from 10 too 100k!!
« Reply #547 on: August 01, 2015, 06:19:32 AM »


Well, we did it :)!  My wife and I have settled in above the $100k mark!!!

Congratulations!! You guys ran this race at a hell of a pace . Keep it up and see you in the 100-250k thread

fb132

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Re: Race from 10 too 100k!!
« Reply #548 on: August 01, 2015, 06:48:10 AM »
2015 Net worth:
January: 61 647,49$
February: 63 787,57$
March: 64 489,46$
April: 65 584,07$
May: 69 863,33$
June: 69 561,33$
July: 72 747,51$

July was a great month, I had my lowest spending of the year and unlike June where my investments took a big hit, July saw the market go way up, I believe I made approx. 2K$ from my investments alone and that is without counting the 900 something dollars I had invested during the month. 27 252,49$ left to go for the magical 100K$ :)
« Last Edit: August 01, 2015, 06:50:38 AM by fb132 »

Pooperman

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Re: Race from 10 too 100k!!
« Reply #549 on: August 01, 2015, 07:44:27 AM »
Back above $35k. Kinda sucks to be back in the time between April and May in terms of net worth, but it happens.