Author Topic: Race from 10 to 100k!!  (Read 267035 times)

Mazzinator

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Re: Race from 10 too 100k!!
« Reply #750 on: February 04, 2016, 11:14:00 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

Oct 2015

Save $140,158
Debt $46,734

NW = $93,424

Sooooo close!!!
Savings $138,560
Debt $46,822

NW = $91,738 grrrr it went down...

Save
$129,648
Debt
$45,257
NW $84,391 Down again!!!! Aaahhhhhhh
"This is the life I chose or rather the life that chose me." - Jay-Z

mrteacher

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Re: Race from 10 to 100k!!
« Reply #751 on: February 04, 2016, 11:32:54 AM »
9/1: $78,487.07
10/1: $81,428.69
11/1: $87,887.66
12/1: $90,220.55
1/1: $94,782.59
2/1: $92,959.06

Brutal!!! Down almost $2,000 in NW in January even though it was a three-paycheck month. The market drop in January stung, and will likely push back my $100,000 finish line - it looked in December like I could make it by March...now I think May is more likely, unless the market swings up.

celticmyst08

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Re: Race from 10 to 100k!!
« Reply #752 on: February 04, 2016, 02:46:24 PM »
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
Sep 2015: 49,753.59
Oct 2015: 54,243.55
Nov 2015: 59,392.35
Dec 2015: 63,072.56
Jan 2016: 60,176.89

Ouch. We had a $5400 tuition payment to pay, plus almost $1000 car repair, and of course we lost a fair amount in our investments. I'm pretty happy we only went down around $3k, actually.

Still hoping to hit $100k by November or so.
Goal: FIRE by 2026
My Journal

Rodgers12

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Re: Race from 10 to 100k!!
« Reply #753 on: February 29, 2016, 03:07:07 PM »
7/31/2015: $36,978
8/31/2015: $34,949
9/30/2015: $35,722
10/31/2015: $37,797
11/30/2015: $39,424
12/31/2015: $42,763
01/31/2016: $44,656
02/29/2016: $47,521

February was a really good month for me! Getting so close to that 50k mark and almost half way there to the 100k finish line! Haven't felt this excited to hit a milestone like that since I made my last student loan payment a while back. Judging by my back of the napkin calculations I should be able to surpass 50k net worth by the end of March as long as I keep my spending in check and of course the market is kind to me.

SpareChange

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Re: Race from 10 to 100k!!
« Reply #754 on: February 29, 2016, 03:18:54 PM »
7/31/2015: $36,978
8/31/2015: $34,949
9/30/2015: $35,722
10/31/2015: $37,797
11/30/2015: $39,424
12/31/2015: $42,763
01/31/2016: $44,656
02/29/2016: $47,521

February was a really good month for me! Getting so close to that 50k mark and almost half way there to the 100k finish line! Haven't felt this excited to hit a milestone like that since I made my last student loan payment a while back. Judging by my back of the napkin calculations I should be able to surpass 50k net worth by the end of March as long as I keep my spending in check and of course the market is kind to me.

Nice, steady progress!

SpareChange

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Re: Race from 10 to 100k!!
« Reply #755 on: February 29, 2016, 11:37:52 PM »
Up about 7,767 tooooo..... 100,095.24. Hell yeah! When I saw my stock fund (VT) drop slightly today, I knew it'd be close when I got home to tabulate. Thankfully, this is the month that my 403b drops in our lump sum match for the prior year. Took 20 months for me to graduate. I'll go join the next thread. Thanks to all for making this process a little more fun. Hope you all graduate in short order :). Cheers!!

   

FXF

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Re: Race from 10 to 100k!!
« Reply #756 on: February 29, 2016, 11:45:48 PM »
Up about 7,767 tooooo..... 100,095.24. Hell yeah! When I saw my stock fund (VT) drop slightly today, I knew it'd be close when I got home to tabulate. Thankfully, this is the month that my 403b drops in our lump sum match for the prior year. Took 20 months for me to graduate. I'll go join the next thread. Thanks to all for making this process a little more fun. Hope you all graduate in short order :). Cheers!!

 
Congrats, my plan is to switch over to 100k invested once we reach 100k NW.

$40Kby40

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Re: Race from 10 to 100k!!
« Reply #757 on: March 01, 2016, 12:55:31 AM »
30 Oct - $30,648
30 Nov - $32,564
30 Dec - $37,354
30 Jan - $38,789
29 Feb - $42,435

merlin7676

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Re: Race from 10 to 100k!!
« Reply #758 on: March 01, 2016, 08:19:55 AM »
12/31/15  -   $47,514
01/31/16  -   $ 44,059
02/29/16  -   $46,831


Like everybody else January was a real killer.   But I've mostly recovered.   This second half of 2016 will see my net worth really skyrocket as the last CC will be paid off and getting rid of the car. So only debt will be mortgage.

Woodro85

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Re: Race from 10 to 100k!!
« Reply #759 on: March 01, 2016, 09:50:38 AM »
9/1/2015           $57,358.64
10/1/2015   $59,144.58
11/1/2015   $63,499.72
12/1/2015   $65,796.16
1/1/2016           $70,395.59
2/1/2016           $74,587.69
3/1/2016           $77,683.18

Humming along. Couple expenses coming up which will slow me down a bit the next couple months. Looking at that 100k mark by late summer/early fall.
Most of my debts are paid off now (one small left to a parent with no interest rate) so I think in a few months my personal finances will truly just be automated and I'm going to stop looking at it so closely.

Congrats to SpareChange on graduation month!

SGontour

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Re: Race from 10 to 100k!!
« Reply #760 on: March 01, 2016, 10:10:09 AM »
January 2015: CHF 49,805
...
November 2015: CHF 66,524
December 2015: CHF 67,473
January 2016: CHF 78,098
February 2016: CHF 81,995



congratulations to all new graduates!
 



jezebel

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Re: Race from 10 to 100k!!
« Reply #761 on: March 01, 2016, 10:36:47 AM »
October 1, 2015: ~$40K
February 2016: ~$65K

katthjul

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Re: Race from 10 to 100k!!
« Reply #762 on: March 01, 2016, 01:23:22 PM »
EOY 2015: €16,728
Jan 2016: €15,895
Feb 2016: €17,250

Most of the increase is from paying the annual amount due on my student loan.

khotte

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Re: Race from 10 to 100k!!
« Reply #763 on: March 02, 2016, 08:33:50 AM »
Looks like the spreadsheet keeps getting messed up. Anyone know how to fix it? It's not pulling in the current month's net worth. Also, I input my current months net worth yesterday and it looks like someone sorted and it changed the values that were entered for each person.

CanIndian

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Re: Race from 10 too 100k!!
« Reply #764 on: March 02, 2016, 09:24:21 AM »
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Nov 2015: $88,620
Dec 2015: $88,329
Jan 2016: $90,032

Just broke into the 90Ks zone with Jan, a month late due to market headwinds and all the additional spending during the holiday season. This market turmoil may be long drawn out. Here's hoping that the push comes from savings in 2016 letting us buy more into the markets on sale.

Not much progress in Feb too. While the Canadian holdings increased by ~2500, due to forex fluctuations the oversees numbers are trending lower in CAD. But we are back to the 35-40% savings levels and are plugging away at the investments.

Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Nov 2015: $88,620
Dec 2015: $88,329
Jan 2016: $90,032
Feb 2016: $90,600

MrStash

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Re: Race from 10 to 100k!!
« Reply #765 on: March 02, 2016, 11:26:41 AM »
Quote
Dec 2015 - $35,251
Jan 2016 - $34,524

Feb 2016 - $35,261

Meh. Market gains amounted to a whopping $3.35 in the month of February.

katthjul

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Re: Race from 10 to 100k!!
« Reply #766 on: March 02, 2016, 01:30:20 PM »
Looks like the spreadsheet keeps getting messed up. Anyone know how to fix it? It's not pulling in the current month's net worth. Also, I input my current months net worth yesterday and it looks like someone sorted and it changed the values that were entered for each person.

I have updated the current month (cell A1) and fixed the formulas in column A and B. The problem with the sorting most likely happens because the columns after January 2016 are outside the sorting range (marked by the green line/letters/numbers). I have not figured out how to extend the range, but that would not fix the misplaced values only prevent it from happen again.

monstermonster

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Re: Race from 10 to 100k!!
« Reply #767 on: March 02, 2016, 01:47:50 PM »
I just hit $10K and would love to join this gauntlet. Is there a way to do that at this point? Could we start a new gauntlet since so many people in the original thread seem "done"?
I made this thing:
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At least 50% of my business plan is cats, 25% is glitter spandex, the journal

How did I increase my net worth by 82% per year on a $39K income? The best budgeting software in the world, YNAB. Start your free trial now, ask me questions!

queenie

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Re: Race from 10 to 100k!!
« Reply #768 on: March 02, 2016, 02:09:56 PM »
I just updated, but I'm shit at tracking monthly.  I'm going to try to get it together, because I think it will keep me from feeling discouraged when our progress isn't super clear.

I'd be happy to jump in on a new chart if one is made too!

Pooperman

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Re: Race from 10 to 100k!!
« Reply #769 on: March 02, 2016, 02:47:04 PM »
I just hit $10K and would love to join this gauntlet. Is there a way to do that at this point? Could we start a new gauntlet since so many people in the original thread seem "done"?

Add yourself!

dachs

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Re: Race from 10 to 100k!!
« Reply #770 on: March 02, 2016, 02:59:13 PM »
How can I add myself?

EDIT: Okay I just added myself, hope that was okay.

How do you make sure that there won't be some troll deleting all the data?
« Last Edit: March 02, 2016, 03:07:14 PM by dachs »

katthjul

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Re: Race from 10 to 100k!!
« Reply #771 on: March 02, 2016, 04:08:36 PM »
I just added a new sheet 'Net Worth 2' that starts from 2016, but I made the changes in a private copy of the spreadsheet first so I can easily recreate them if the spreadsheet is restored.

FXF

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Re: Race from 10 to 100k!!
« Reply #772 on: March 03, 2016, 03:28:12 AM »
Looks like the March 1, 7:12 PM - anonymous revision "sorted" and bunked a bunch of the data. We can restore to the earlier 3:51 PM and undo this, but it will also undo changes that occurred since then.
Yea there is something wrong with the table alright.

AcftW

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Re: Race from 10 too 100k!!
« Reply #773 on: March 03, 2016, 08:18:25 AM »
$40,061 - 1 Dec 2015
$43,153 - 1 Jan 2016
$47,634 - 1 Feb 2016

$50,404 - 1 Mar 2016

Broke 50,000, seems like a decent milestone on the way to 100k

katthjul

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Re: Race from 10 to 100k!!
« Reply #774 on: March 03, 2016, 10:51:16 AM »
Looks like the spreadsheet keeps getting messed up. Anyone know how to fix it? It's not pulling in the current month's net worth. Also, I input my current months net worth yesterday and it looks like someone sorted and it changed the values that were entered for each person.

I have updated the current month (cell A1) and fixed the formulas in column A and B. The problem with the sorting most likely happens because the columns after January 2016 are outside the sorting range (marked by the green line/letters/numbers). I have not figured out how to extend the range, but that would not fix the misplaced values only prevent it from happen again.

Can you redo this? I restored to the previous revision to fix the misplaced values, but the formulas were not correct in that version.

It's done. I also figured out how to update the sorting range which should make it safe to sort again.

dachs

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Re: Race from 10 to 100k!!
« Reply #775 on: March 03, 2016, 01:40:37 PM »
So how can I add myself? My name keeps disappearing.

dachs

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Re: Race from 10 to 100k!!
« Reply #776 on: March 03, 2016, 03:35:35 PM »
dachs Super sorry about that. On March 1st, someone scrambled a bunch of the data, so we had to reset to the previous version. It's been pretty rare *knock on wood* but we can use Revision History to fix such issues.. but it does remove data added after the jumble. If you add it now, it'll stick!

Okay thank you :) But there is no more cell left to add my name. Is there a special way to add a new cell? I don't want to mess up the table.

dachs

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Re: Race from 10 to 100k!!
« Reply #777 on: March 03, 2016, 04:31:53 PM »
Okay thank you :)

dachs

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Re: Race from 10 to 100k!!
« Reply #778 on: March 05, 2016, 08:14:47 AM »
Hm my networth keeps disappearing.

katthjul

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Re: Race from 10 to 100k!!
« Reply #779 on: March 05, 2016, 09:30:57 AM »
Are you looking at the right row? I can see two rows for the username dachsi (assuming it is yours), but only one has entered her/his networth.

Also don't enter your networth directly in column A or column B. They are supposed to contain formulas that reads data from elsewhere (column AX has the networth for March 1, 2016). Anything you enter in those columns will get overwritten the next time the formulas needs to be updated.

dachs

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Re: Race from 10 to 100k!!
« Reply #780 on: March 05, 2016, 10:54:22 AM »
Oh yes, sorry. The name moved because it's ordered by net worth, I had not noticed that. :)

tarheeldan

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Re: Race from 10 to 100k!!
« Reply #781 on: March 05, 2016, 01:31:27 PM »


Up about 7,767 tooooo..... 100,095.24. Hell yeah! 

Congratulations!! Hoping to see you in the other thread next month :-)

tarheeldan

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Re: Race from 10 to 100k!!
« Reply #782 on: March 05, 2016, 01:32:46 PM »

tarheeldan

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Re: Race from 10 to 100k!!
« Reply #783 on: March 05, 2016, 01:37:52 PM »
Up a bit to 91,826.05 last month, but hoping for some market cooperation for a strong March :-)

Nederstash

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Re: Race from 10 to 100k!!
« Reply #784 on: March 06, 2016, 05:36:51 AM »
Joining! My NW won't grow as fast as everyone else here and I don't expect to hit 100k very soon... but that won't discourage me! Numbers are in euro btw (which is 1.09 dollar atm).
Aug 15: 5327 (found MMM)
Sep 15: 5775
Oct 15: 6964
Nov 15: 8551
Dec 15: 12085
Jan 16: 12700
Feb 16: 13691
Mar 16: 14818

Hope to see you at the 100k mark before I'm old and grey!

SpareChange

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Re: Race from 10 to 100k!!
« Reply #785 on: March 06, 2016, 02:22:37 PM »
Congratulations!! Hoping to see you in the other thread next month :-)

Thanks! See you soon!

Imustacheyouaquestion

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Re: Race from 10 to 100k!!
« Reply #786 on: March 07, 2016, 08:07:09 PM »
Updated the last couple months for me:

1/31/16: 71,733
2/29/16: 74,225

Slowly but surely. I'm hoping to hit $100k by the end of 2016, about 2.5 years since starting in May of 2014. Not a bad pace!!

dogboyslim

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Re: Race from 10 to 100k!!
« Reply #787 on: March 08, 2016, 03:28:21 PM »
I see some people tracking investments rather than NW, so in that vein, I'm in for my AT investments if you'll have me.

As of 3/8: $20,818.37

FXF

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Re: Race from 10 to 100k!!
« Reply #788 on: March 08, 2016, 10:58:10 PM »
I see some people tracking investments rather than NW, so in that vein, I'm in for my AT investments if you'll have me.

As of 3/8: $20,818.37
Sure hop in, track whatever you feel like.
NW of sock draw for all we care. Could be a very slow slog though. ;)

Bateaux

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Re: Race from 10 to 100k!!
« Reply #789 on: March 09, 2016, 08:50:33 AM »
So many great posts here on the journey to freedom.  The 6 figure and 7 figure threads are waiting for you.  Keep the faith, it is coming.
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
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Class of 2019

frogger

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Re: Race from 10 to 100k!!
« Reply #790 on: March 13, 2016, 09:37:35 PM »
I haven't done a proper update in a while, but this month I finally crossed back into 10K territory! *does 10K dance for the second time*

Hoping to hit the 20K mark by August, when I start my new position (with 20% pay increase!), and then I hope things will really take off!

connor

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Re: Race from 10 to 100k!!
« Reply #791 on: March 14, 2016, 06:13:08 AM »
hit 25k USD this week, although I should probably stick to my own currency, 17.8k GBP. My road to 100k will be in bursts rather than a steady increase, though, as I'm a college student just trying to find little moneymaking schemes here and there rather than having an actual income.

carozy

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Re: Race from 10 to 100k!!
« Reply #792 on: March 16, 2016, 01:22:27 PM »
hit 25k USD this week, although I should probably stick to my own currency, 17.8k GBP. My road to 100k will be in bursts rather than a steady increase, though, as I'm a college student just trying to find little moneymaking schemes here and there rather than having an actual income.

$25K for a college student is pretty good!

Mr.Bubbles

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Re: Race from 10 to 100k!!
« Reply #793 on: March 16, 2016, 02:03:27 PM »
I know i'm late for the party but....

3/16/16- $10,515 USD

time to go!

tomita

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Re: Race from 10 to 100k!!
« Reply #794 on: March 16, 2016, 07:21:00 PM »
I hope this is doable
16 Mar 2016 ....investments $64300   debt $13200 (for DH & me)

CanIndian

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Re: Race from 10 too 100k!!
« Reply #795 on: March 20, 2016, 07:05:07 PM »

Not much progress in Feb too. While the Canadian holdings increased by ~2500, due to forex fluctuations the oversees numbers are trending lower in CAD. But we are back to the 35-40% savings levels and are plugging away at the investments.
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Nov 2015: $88,620
Dec 2015: $88,329
Jan 2016: $90,032
Feb 2016: $90,600
Early update this months as the year-end bonus and a hefty tax refund gave a definitive push over the line, with a paycheck still remaining in the month. Took me 27 months to go from 10-100.

Dec 2013: ~10,000
Dec 2014: ~50,000
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Nov 2015: $88,620
Dec 2015: $88,329
Jan 2016: $90,032
Feb 2016: $90,600
Mar 20th  2016: $107,112

Steaming along to the next goalpost.
Good luck everyone on your journeys and see you soon on the other thread.

Imustacheyouaquestion

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Re: Race from 10 to 100k!!
« Reply #796 on: March 25, 2016, 06:58:56 AM »
1/31/16: 71,733
2/29/16: 74,225
3/25/16: 80,361

Need to pay just over $1k in taxes, so my increase next month will be a bit smaller. But forward progress is good!

Nederstash

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Re: Race from 10 to 100k!!
« Reply #797 on: March 25, 2016, 11:49:23 AM »
Joining! My NW won't grow as fast as everyone else here and I don't expect to hit 100k very soon... but that won't discourage me! Numbers are in euro btw (which is 1.09 dollar atm).
Aug 15: 5327 (found MMM)
Sep 15: 5775
Oct 15: 6964
Nov 15: 8551
Dec 15: 12085
Jan 16: 12700
Feb 16: 13691
Mar 16: 14818

Hope to see you at the 100k mark before I'm old and grey!

Just did some conservative calculations and I should hit 100k at the end of 2020. Mind you, this includes zero interest or dividends, so it will hopefully be sooner. I've set myself a goal. I want to be at 100k at the end of 2018. I will need to get serious about side hustles though! What's life without a little challenge!

monstermonster

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Re: Race from 10 to 100k!!
« Reply #798 on: March 26, 2016, 10:31:17 AM »
Joining! My NW won't grow as fast as everyone else here and I don't expect to hit 100k very soon... but that won't discourage me! Numbers are in euro btw (which is 1.09 dollar atm).
Aug 15: 5327 (found MMM)
Sep 15: 5775
Oct 15: 6964
Nov 15: 8551
Dec 15: 12085
Jan 16: 12700
Feb 16: 13691
Mar 16: 14818

Hope to see you at the 100k mark before I'm old and grey!

Just did some conservative calculations and I should hit 100k at the end of 2020. Mind you, this includes zero interest or dividends, so it will hopefully be sooner. I've set myself a goal. I want to be at 100k at the end of 2018. I will need to get serious about side hustles though! What's life without a little challenge!

I'm with you, too! I'm looking at a NW of maybe $100K in 2020 if I'm really lucky! But side hustles are the key. :-)
I made this thing:
 A Purrsonal finance workbook - an illustrated cat-filled money workbook (with plenty of mustachianism)

At least 50% of my business plan is cats, 25% is glitter spandex, the journal

How did I increase my net worth by 82% per year on a $39K income? The best budgeting software in the world, YNAB. Start your free trial now, ask me questions!

newkanye

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Re: Race from 10 to 100k!!
« Reply #799 on: March 28, 2016, 10:11:53 PM »
1st post! My stretch goal is 125K by the end of the year if I get lucky with the market. I will be about 23.5 years old (sidenote: I can't believe I'm turning 23). More realistically I will probably hit 105k-110k barring any illnesses/family issues/injuries etc.

Me: Single male, 22 years old, NYC
Started at -12k in student debt when i graduated in 2015. During college, I paid down ~8k from earnings in college/internships.

Current stats:
Cash on hand: 20k. 15k is in the savings account to maintain the credit card. I have an additional 5k for instant liquidity (rent, paying the monthly credit card balance) without disrupting my long-term investment positions and getting slapped the 35% capital gains tax.
ETF: 10k
Cash for Investments (dry powder): 37k
401k: 5.5k - the match doesn't activate until I've stayed with the firm for 2-3 years so I'm ignoring the additional +5.5k match.
Traditional IRA: 5.5k as soon as I cash in the tax refund. It's sitting at home with my parents.

Total: 78K
Year-End Goal: 125K
62% there!