Author Topic: Race from 10 to 100k!!  (Read 219741 times)

JLee

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Re: Race from 10 too 100k!!
« Reply #600 on: September 02, 2015, 09:11:30 AM »
I went from $64,710.93 at the 1st to $64,194.10. Ouch. As my net worth grows I have to get used to the fact that the market will have a bigger and bigger impact.

Yeah...I don't even want to add mine up right now. I'm putting ~$2k/mo into my 401k and my value is dropping.  Maybe I'll check it at the end of the year, haha.

katthjul

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Re: Race from 10 too 100k!!
« Reply #601 on: September 02, 2015, 09:12:41 AM »
Joining as well. I was waiting for the new month only to almost miss it.

2015-08-31 9,999
« Last Edit: October 01, 2015, 10:54:47 AM by katthjul »

carozy

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Re: Race from 10 too 100k!!
« Reply #602 on: September 02, 2015, 03:40:59 PM »
I decided to join in again.  I just paid off a medical bill and will be getting a new job and a raise soon (yay!).  The medical bill payment doesn't reflect in my net worth from 8/31/15 but will show up on this month's.  I figured out the spreadsheet doesn't crash using Explorer although the % change doesn't show anything.  I checked and the formula is entered but it doesn't seem to be computing.  I'm not sure if that's an Explorer thing or what.  I do like participating and now that I know it won't crash with Explorer, I will.  :)

EDIT: I just re-opened it in Explorer and it looks like it's working fine now.  Yay!  :)
« Last Edit: September 02, 2015, 03:47:08 PM by carozy »

SpareChange

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Re: Race from 10 too 100k!!
« Reply #603 on: September 02, 2015, 04:54:07 PM »
Welcome back, carozy!! And welcome to all the other new posters!

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #604 on: September 02, 2015, 05:09:22 PM »
Thanks to cash birthday gifts (and continued stashing), net worth went up despite the market:

+2.55% to 82,002.95.

Minimum target for EOY is 90,500, but hoping to get as close to the finish line as possible :-)

Looks like spreadsheet is still wacked out :/
« Last Edit: September 02, 2015, 05:15:33 PM by tarheeldan »

SpareChange

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Re: Race from 10 too 100k!!
« Reply #605 on: September 03, 2015, 01:28:12 AM »
Thanks to cash birthday gifts (and continued stashing), net worth went up despite the market:

+2.55% to 82,002.95.

Minimum target for EOY is 90,500, but hoping to get as close to the finish line as possible :-)

Looks like spreadsheet is still wacked out :/

Happy Birthday!!

ash7962

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Re: Race from 10 too 100k!!
« Reply #606 on: September 03, 2015, 07:51:15 AM »
Ooph.  I took a hit this month since for this challenge I'm only including my investment accounts as part of my NW.  Also not able to take advantage of the downturn as much as I'd like since I've diverted investable funds to helping my parents pay back a loan.  Ah well, that's how it goes.

zephyr911

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Re: Race from 10 too 100k!!
« Reply #607 on: September 03, 2015, 08:36:13 AM »
Can I join in, but make this just for my TSP?

Currently $42,367.76. Contributions + match + loan repayments = $10,852 through year-end and $971 biweekly thereafter (3-4 years to 100K depending on the market). Loan balance is ~$20K - I could pay early but have found better things to do with the money so far. We'll see.
I am not a cog. I am an organizational lubricant.

carozy

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Re: Race from 10 too 100k!!
« Reply #608 on: September 03, 2015, 10:54:59 AM »
Welcome back, carozy!! And welcome to all the other new posters!

Thank you!  I'm happy I reached 5 O'clock Shadow, although I know it's temporary since it doesn't reflect the big medical bill payment.  Guess I'll probably be back down to Peach Fuzz next month.  :(

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #609 on: September 03, 2015, 11:00:00 AM »
Can I join in, but make this just for my TSP?

Welcome! You won't be the only one doing something like that here :-)

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #610 on: September 03, 2015, 11:05:08 AM »
I think I got the spreadsheet back to normal-ish? Added columns through the end of the year too.

carozy

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Re: Race from 10 too 100k!!
« Reply #611 on: September 03, 2015, 11:36:04 AM »
I think I got the spreadsheet back to normal-ish? Added columns through the end of the year too.

You fixed it!  Works on Firefox now. :)  I am most pleased.  I stared at it for quite a while, just absorbing the numbers until I realized it hadn't crashed the browser!  Yay!

NJAbroad

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Re: Race from 10 too 100k!!
« Reply #612 on: September 05, 2015, 03:52:31 AM »
I would like to join this challenge.  According to YNAB, our current net worth is:

5 Sep 2015 - $13,058

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #613 on: September 05, 2015, 06:34:16 AM »
I would like to join this challenge.  According to YNAB, our current net worth is:

5 Sep 2015 - $13,058
Welcome!

celticmyst08

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Re: Race from 10 too 100k!!
« Reply #614 on: September 05, 2015, 03:32:35 PM »
As I anticipated, our net worth dropped this month, by 4.72%. We paid over $6k in tuition and books, plus our investment portfolio dropped due to the stock market issues. All in all, I am pretty happy that we only dropped 4.72%! We're still on target to hit $60k by the end of the year.

EOY 2014: 20,639.31   
Jan 2015: 22,508.74   
Feb 2015: 30,778.55   
Mar 2015: 34,001.91   
Apr 2015: 36,607.49   
May 2015: 38,382.26   
Jun 2015: 42,838.00   
Jul 2015: 48,495.61   
Aug 2015: 46,205.22
Goal: FIRE by 2026
My Journal

FoundPeace

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Re: Race from 10 too 100k!!
« Reply #615 on: September 16, 2015, 09:43:59 AM »
Just got around to doing the calculations. Up another $1600.

So far for the year I'm at a 52% post tax and a 61% pre-tax savings rate. My effective tax rate so far this year is 15% (and that includes my ridiculous OR income taxes @ 7%)! This is the real win for me.

ohyonghao

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Re: Race from 10 too 100k!!
« Reply #616 on: September 17, 2015, 06:12:10 PM »
Just got around to doing the calculations. Up another $1600.

So far for the year I'm at a 52% post tax and a 61% pre-tax savings rate. My effective tax rate so far this year is 15% (and that includes my ridiculous OR income taxes @ 7%)! This is the real win for me.

You got me curious about my taxes too, looks like my effective tax rate will be about 15.5% before filing taxes and possibly still getting a refund, which would draw that number down further.  I was on track for 16% before I started shoveling more money into tax advantaged accounts.  My future taxrate for the year is coming in at a mere 14.1%.  That is also including the OR income taxes.  If you believe the "tax freedom day"* thing, I should celebrate this sometime between February 20th and February 27th.

*That's if we only count income taxes and SS for this purpose and don't complicate it with other taxes paid through utilities, vehicle registration, and property tax which would put me into possibly the first or second week of March.

Virtus

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Re: Race from 10 too 100k!!
« Reply #617 on: September 18, 2015, 10:37:48 AM »
*That's if we only count income taxes and SS for this purpose and don't complicate it with other taxes paid through utilities, vehicle registration, and property tax which would put me into possibly the first or second week of March.

Or complicate it by adding back the expected disbursements received from SS.

ranchingretirement

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Re: Race from 10 too 100k!!
« Reply #618 on: September 24, 2015, 09:05:39 PM »
I've read MMM for about a year now, but I'm new to the forums. I was recently promoted at work and my family and I are making a cross-country move as part of the transfer. My wife and I are 27, with no children and no student loan debt. We do carry a significant amount of CC debt (all at 0% with the use of balance transfer checks (2-3% per transaction)). We are currently trying to max out all tax-advantaged accounts (~50k/year, primary) while also paying down the CC debt (secondary). Our current goal is to reach $100k in net worth by June 2016 and $250k by her 30th birthday, with an eye towards FIRE sometime in our late 30s. We are also wanting to raise a family, but aren't planning on having children anytime in the next few years. Below is our net worth trajectory over the past 6 months:

March 2015: $36,337
April 2015: $38,120
May 2015: $42,347
June 2015: $47,346
July 2015: $56,109
August 2015: $59,985

Looking forward to hearing other stories as we all reach towards $100k!


September 2015: $59,189

Tough month in the stock market, and my wife is looking for work following our move. The march towards $100k may be stuck in the $60's for the next few months, but the goal is still June 2016.

FoundPeace

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Re: Race from 10 too 100k!!
« Reply #619 on: September 30, 2015, 04:45:32 PM »
Up to $65,513.33 thanks to a three paycheck month. We are now ready to get approved for a mortgage and will probably buy sometime during the next few months (I expect a down payment somewhere between $45k and $55k). After that point I'll have to do this again with investments only.

frogger

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Re: Race from 10 too 100k!!
« Reply #620 on: September 30, 2015, 05:48:04 PM »
Aug. 31, 2015: $15,350
Sep. 30, 2015: $12,500

I thought this month would be the end of backsliding (I'd have been up almost $200!), but extenuating circumstances has tied up about 3k in reserve cash, and until such time as it becomes available again I'm opting to leave it out of my NW calculations. Barring other circumstances, next month should actually go in the right direction. Still a lot better than this time last year.

FXF

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Re: Race from 10 too 100k!!
« Reply #621 on: October 01, 2015, 12:10:03 AM »
We should break 60k this month. :D

SpareChange

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Re: Race from 10 too 100k!!
« Reply #622 on: October 01, 2015, 12:18:07 AM »
Up ~$2,300. Chugging onward...through....market....headwinds...

mrteacher

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Re: Race from 10 too 100k!!
« Reply #623 on: October 01, 2015, 04:39:25 AM »
Broke $80k!!!

9/1: $78,487.07
10/1: $81,428.69

Tough month for the market, but my employer 5% match is kicking in, and they also fund 75% of my health deductible (works out to $1,200/year - so $100/month for that is the cherry on top!)

My goal is $100,000 by next summer, but I have a feeling I may be able to hit it by April/May...this depends in large part on how the market performs over the next 6-8 months.

Rodgers12

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Re: Race from 10 too 100k!!
« Reply #624 on: October 01, 2015, 06:18:06 AM »
Rough month of spending for me. Buddy of mine ended up selling me 5 of his Packer game tickets for face value so I couldn't pass those up. Ending up pushing me over my monthly budget by roughly $600. Still was able to save a tad over 50% of my take home so all in all it wasn't too bad of a month.

7/31/2015: $36,978
8/31/2015: $34,949
9/30/2015: $35,722

Pooperman

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Re: Race from 10 too 100k!!
« Reply #625 on: October 01, 2015, 06:24:59 AM »
Broke $40k :) $41,566.54

jezebel

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Re: Race from 10 too 100k!!
« Reply #626 on: October 01, 2015, 08:07:38 AM »
I just discovered this thread.  We recently broke $40K.

10/1: $40,249
« Last Edit: November 16, 2015, 08:10:02 AM by jezebel »

ash7962

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Re: Race from 10 too 100k!!
« Reply #627 on: October 01, 2015, 10:17:47 AM »
Investment accounts have been on the decline in the last two months.  Not a big deal, but makes me a little sad when I look at this thread.  This month I had planned on throwing some excess funds at investments but that got derailed by 1k in vet bills.  Got these kitties pre-MMM, and the vet bills make me wonder what I was thinking.  However, kitty is recovering and happy so that makes me happy. The cool thing is that I still didn't outspend my paycheck last month (thank you MMM), so this definitely falls under the "first world problem" umbrella for many reasons.

katthjul

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Re: Race from 10 too 100k!!
« Reply #628 on: October 01, 2015, 11:13:29 AM »
Joining as well. I was waiting for the new month only to almost miss it.

2015-08-31 9,999
2015-09-30 9,986

My savings in September was a only third of my target number due to moving.

Eristheunorganized

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Re: Race from 10 too 100k!!
« Reply #629 on: October 01, 2015, 11:20:12 PM »
Net worth went down $100. Ouch. $64,008

Pooplips

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Re: Race from 10 too 100k!!
« Reply #630 on: October 02, 2015, 05:11:49 AM »
1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00


10/2/2015 - $76,853.00

(edit to add 1/1 & 2/1 data)
« Last Edit: October 05, 2015, 05:24:05 AM by Pooplips »

frugalfanny

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Re: Race from 10 too 100k!!
« Reply #631 on: October 02, 2015, 01:30:35 PM »
Started the year at $25,138, now up to $35,544! I hope to close out the year around $42K, but that's all going to depend on the market.



Woodro85

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Re: Race from 10 too 100k!!
« Reply #632 on: October 05, 2015, 03:08:22 PM »
Was up $1,785.94 for the month (down quite a bit from past months due to the market), and just received a $9K annual salary increase! Should be at around $65K NW by end of the year but shooting for $70K by December 31, 2015.

I also have a temporary roommate for a few months which helps earn a few hundred extra dollars per month.

Pooperman

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Re: Race from 10 too 100k!!
« Reply #633 on: October 05, 2015, 03:24:19 PM »
Broke $50k!! These past few months have had large increases due to marriage... About $12k from $39k to $51k.

CanIndian

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Re: Race from 10 too 100k!!
« Reply #634 on: October 06, 2015, 06:36:41 AM »
Not a great month, August. The markets, the exchange rate and some unplanned home expenses cropping up leading to the first negative month in 2015. Sept might be worth looking forward to, with a small hike and the expenses at the home stabilizing.

May 2015: $63,000
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Market headwinds continue, but some additional income (hike, arrears and canada tax benefits arrears) has kicked in to push the savings higher and buy more into the uncertain market.
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300

90K looks difficult by Dec 2015. But still on target for 100k by Mar / Apr 2016.
« Last Edit: October 06, 2015, 06:38:25 AM by CanIndian »

Mazzinator

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Re: Race from 10 too 100k!!
« Reply #635 on: October 08, 2015, 11:13:38 AM »
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!!

I'm still hanging in there!!

Savings $135k
Student loans $46k

NW = $88k
"This is the life I chose or rather the life that chose me." - Jay-Z

ranchingretirement

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Re: Race from 10 too 100k!!
« Reply #636 on: October 15, 2015, 08:29:47 PM »
I've read MMM for about a year now, but I'm new to the forums. I was recently promoted at work and my family and I are making a cross-country move as part of the transfer. My wife and I are 27, with no children and no student loan debt. We do carry a significant amount of CC debt (all at 0% with the use of balance transfer checks (2-3% per transaction)). We are currently trying to max out all tax-advantaged accounts (~50k/year, primary) while also paying down the CC debt (secondary). Our current goal is to reach $100k in net worth by June 2016 and $250k by her 30th birthday, with an eye towards FIRE sometime in our late 30s. We are also wanting to raise a family, but aren't planning on having children anytime in the next few years. Below is our net worth trajectory over the past 6 months:

March 2015: $36,337
April 2015: $38,120
May 2015: $42,347
June 2015: $47,346
July 2015: $56,109
August 2015: $59,985

Looking forward to hearing other stories as we all reach towards $100k!


September 2015: $59,189

Tough month in the stock market, and my wife is looking for work following our move. The march towards $100k may be stuck in the $60's for the next few months, but the goal is still June 2016.


October 2015: $65,204

A much better month for us, as some of the index funds purchased at a discount in Sept. rose. Also added $700 to our HSA via employer contribution. $100k by June 2016 remains the short term goal.

zinny1

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Re: Race from 10 too 100k!!
« Reply #637 on: October 18, 2015, 08:27:45 PM »
Hi all,

Entered my 31st October 2015 result early - off on a work trip and will be income/expenditure neutral for a while!

Happy with my recent progress after some expensive medical costs early in the year.

Best of luck to all.

Pooplips

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Re: Race from 10 too 100k!!
« Reply #638 on: October 30, 2015, 05:37:20 AM »

1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00


10/30/2015 - $80,747.00

Pooperman

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Re: Race from 10 too 100k!!
« Reply #639 on: October 30, 2015, 06:35:48 AM »
Initial estimate is about $52,150. How the markets have changed and official counting of money hasn't happened yet (and won't until Sunday), so official numbers will not be known until then. I put in the estimate for now since it's within $500 of being correct... I think.

SpareChange

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Re: Race from 10 too 100k!!
« Reply #640 on: October 30, 2015, 10:50:32 AM »
Yay for 3-paycheck months! The market of course was kinder as well. Up over $8k to ~82,550.

katthjul

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Re: Race from 10 too 100k!!
« Reply #641 on: October 31, 2015, 03:06:11 AM »
2015-08-31 9,999
2015-09-30 9,986
2015-10-30 14,504

Good results this month with positive growth for all funds. I had a larger contribution this month due to my holiday pay and the value of my portfolio increased just above its historical cost.

Malum Prohibitum

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Re: Race from 10 too 100k!!
« Reply #642 on: October 31, 2015, 10:47:49 AM »
It was negative all of my life until two or three years ago (at one point negative $200k or so).  I never tracked it because it was too depressing.

$27,512.11 November 2014
$32,550.93 January 2015
$37,692.25 April  2015
$41,623.39 June 2015
$35,929.89 July 2015 (Ouch!!!)
$45,275.83 October 2015

I did not track it in August and September . . .  just tried to find a little money to put in the 401(k).
« Last Edit: October 31, 2015, 10:49:42 AM by Malum Prohibitum »

Malum Prohibitum

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Re: Race from 10 too 100k!!
« Reply #643 on: October 31, 2015, 10:50:36 AM »

1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00


10/30/2015 - $80,747.00
   How did you manage to avoid a dip in July-September?  Unlike everybody else, yours just goes up and up and up like the Energizer Bunny.

Apples

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Re: Race from 10 too 100k!!
« Reply #644 on: November 01, 2015, 07:47:12 AM »
We did it!  Our net worth (including everything) is $101,521.89.  Woohoo six figures!  The market going back up was a big help this month.  As were some decreased expenses that gave us a couple hundred extra bucks.  $71,510 is in investments, and the rest is in various savings and checking accounts.  Moving on up to the next thread-though I think we'll be a bit slower than some other people on that climb.  We were hoping to hit $100,000 by the end of the year, and we made it with two months to go!  Woohoo!

Good luck to everyone else, keep it going :)

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #645 on: November 01, 2015, 07:48:08 AM »


We did it!  Our net worth (including everything) is $101,521.89.  Woohoo six figures! 

Congratulations!!

frogger

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Re: Race from 10 too 100k!!
« Reply #646 on: November 01, 2015, 11:33:22 AM »
Well, I decided to stop counting the value of my car in my NW and went back and recalculated and edited my figures since the start of the race. The bad news is I had to reset well below 10K again. The good news is that I get to do the 10K dance over again in probably five-ish months, now with less depreciation.

So, with the modified numbers:

September 30: 1,100
October 31: 4,100

Positive movement, at least.

Pooperman

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Re: Race from 10 too 100k!!
« Reply #647 on: November 01, 2015, 11:36:14 AM »
Well, I decided to stop counting the value of my car in my NW and went back and recalculated and edited my figures since the start of the race. The bad news is I had to reset well below 10K again. The good news is that I get to do the 10K dance over again in probably five-ish months, now with less depreciation.

So, with the modified numbers:

September 30: 1,100
October 31: 4,100

Positive movement, at least.

Positive, positive movement :). My earlier estimate was way off (market did too well). I'll put in the official number later on today.

mrteacher

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Re: Race from 10 too 100k!!
« Reply #648 on: November 01, 2015, 11:42:41 AM »
I had a great October, in large part as a result of the markets!

9/1: $78,487.07
10/1: $81,428.69
11/1: $87,887.66

Up over $6,000 this month. During the summer I figured I'd hit $100,000 by June 2016. Obviously the market will not perform like October every month, but I think if I keep up my increased savings rate, I could hit $100,000 by early April. That's five months to add ~$12,000 which is definitely doable. Then, on to $250k!!!

CanIndian

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  • Location: GTA, Canada
Re: Race from 10 too 100k!!
« Reply #649 on: November 01, 2015, 01:06:31 PM »
Market headwinds continue, but some additional income (hike, arrears and canada tax benefits arrears) has kicked in to push the savings higher and buy more into the uncertain market.
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300

90K looks difficult by Dec 2015. But still on target for 100k by Mar / Apr 2016.
Made a minor accounting adjustment. Used to consider the 2nd paycheck of the month for the following month's budgeting. But that used to cause a bit of confusion in calculations. I had to make that adjustment eventually and I bit the bullet this month. That reflects in the sudden jump of close to 7700 this month.
But this number is a correct reflection of NetWorth (all the accounts put together) as they stand on 31st Oct 2015 .

June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014