Author Topic: Race from 10 to 100k!! (Read 1286337 times)

druth · « **Reply #800 on:** April 15, 2016, 09:06:43 AM »

September 15 is one year from when I started working out of college, and it took me that long to buy a house and get my net worth high enough to make up for my student loans, so for the year before that it's all over the place, and for everything before that it's just paycheck to paycheck/tuition payment to tuition payment so nothing notable. Looking at this it's going faster than I realized it was. Average is about 4k a month to savings, but it will slow down since I don't get any side income or bonuses during the summer. Should end up saving about 35k this year. I'm sort of thinking about if there is anything I could do for extra money in the weekend/evenings during summer, which would help to up it. Might just focus on doing some writing and hope that pays off eventually, and work on spending less, of course..

Sep-15   $6,657.20
Oct-15   $10,846.07
Nov-15   $13,419.84
Dec-15   $19,983.09
Jan-16   $23,828.58
Feb-16   $27,482.23
Mar-16   $33,831.34
Apr-16   $38,873.65

AcftW · « **Reply #801 on:** April 15, 2016, 10:57:06 AM »

$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016

Had some issues with my pay, and some unexpected expenses. Still managed to save though, which can only mean I'm on the right track.

MVal · « **Reply #802 on:** April 15, 2016, 11:04:06 AM »

Quote from: newkanye 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!

Good Lord, I wish I'd been in your position when I was your age! Wait until you can't believe you're turning 33... I'll be 34 this year and I'm on track to hit $80K NW by the end of the year.

tomita · « **Reply #803 on:** April 17, 2016, 06:44:21 PM »

16 Mar 2016 $64300 - $13200 = $51300
17 Apr 2016 $103500 -$45600 = $57900

ardrum · « **Reply #804 on:** April 21, 2016, 10:12:48 AM »

Nice thread!

1/1/16 - ~$2000
2/1/16 - $4793
3/1/16 - $10108
4/1/16 - $14574

MVal · « **Reply #805 on:** April 21, 2016, 03:57:35 PM »

I'm going to try to track my NW monthly this year to chart my progress. Starting 2016, I had a NW of $50,000. I'm hoping to grow it to over $75K.
Once I get to $100K, I think I will give myself permission to move into my own apartment, as I've spent the last 8 years living with the same roommate--saving a ton of money, but not getting as much privacy as I'd like.

Jan 2016 - $50,000
April 2016 -$57,000
May 2016 - $60,000
June 2016 - $63,000
July 2016 - $69,000 (profit sharing, plus market doing better - so glad I front loaded this year!)
Aug 2016 - $72,000
Sept 2016 - $74,000 (markets down, same deposits though)
Oct 2016 - $74,000 (uggghhh...)
Nov 2016 - $78,000 :D
Dec 2016 - $84,000 (Wooooo! Dale tu cuerpo a alregria, Macarena...!)

dogboyslim · « **Reply #806 on:** April 21, 2016, 08:27:43 PM »

Quote from: dogboyslim on March 29, 2016, 04:08:45 PM

As of 3/8: $20,818
As of 3/29: $23,784

4/21: $26,650

burrowsrw · « **Reply #807 on:** April 25, 2016, 08:11:57 PM »

Add me if you are still accepting newcomers

Oct $52,000
Apr $62,000

notarealdoctor · « **Reply #808 on:** April 25, 2016, 08:34:07 PM »

I've gotta get in on this.

April 2016: $22,500

Goal for 2016 is to break $40k, ideally $50k

Grog · « **Reply #809 on:** April 26, 2016, 12:54:39 AM »

Quote from: Grog on January 07, 2015, 12:13:57 AM

Me too I'm racing towards 100k, but I didn't initially posted since I was already at more than 10k when I started reading MMM (January 2014). Anyway I've decided to put down my progression to both keep track and analyze what I did.
I am in full mustachian mode since august 2014 (biking everywhere, homemade lunch, no shopping for materialistic shit, and so on).

My total assets in middle september 2012, when I finished my master (I'm now 29, working and living in Switzerland) and started working as a researcher at my university, was 11k chf:
1k swiss franc in a cash account
10k gold bullion inherited by my grandfather, never known him, it's actually the only thing I have left of him.

After ~28 months I've now a total of 66k swiss francs (switch job in between, started working in industry for a small bump in pay):
16k company pension plan
15k retirement account
10k bullion (I struggle to sell it, there is my fucking name engraved in it! from my grandpa!)
25k taxable account investment

I'm very happy for the moment (+55k in 28 months, ~2k/month in switzerland is very difficult), but is amazing to see that my total at the end of 2014 was 35k, and I did manage to save 31k only in the last 12 months.....

By end of 2015 I should reach 100k, also +89k in 40 months. It's amazing only to think about it :)

So I didn't post my progression for like 1.5 years :D cool to be looking back of what I thought was possible. Back then (january 2015) I already knew I was going to be a father, but woah what a change. I love my little baby daughter, but with my wife going back to 50 % part time job I had to provide more to our joint account.
Right now I'm at 91k, so I'm really near and I think I'll be there in September :) 9 months later then expected, but so many changes and my new job in august will provide another huge bump in pay that will speed things along nicely.

so middle september 2012 (11k) to end september 2016. 4 years (switzerland, avg salary after taxes 60k). And this without counting the emergency fund of ~8k which will put me theoretically at 99k :DDD

lamil · « **Reply #810 on:** April 26, 2016, 08:48:04 AM »

27, late start in tracking finances.

March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00

senorpanqueque · « **Reply #811 on:** April 29, 2016, 07:30:28 AM »

Been meaning to add my numbers, but still have to figure out a couple numbers.

Namely, what value should I give to a pension (teacher's pension)? I'm sure there is a how to around here somewhere, just haven't come across it.

Pooperman · « **Reply #812 on:** April 29, 2016, 07:38:26 AM »

Quote from: senorpanqueque on April 29, 2016, 07:30:28 AM

Been meaning to add my numbers, but still have to figure out a couple numbers.

Namely, what value should I give to a pension (teacher's pension)? I'm sure there is a how to around here somewhere, just haven't come across it.

NPV?

senorpanqueque · « **Reply #813 on:** April 29, 2016, 07:53:20 AM »

Would that be the same as "if you were to "sell" it today, it would be worth this much" value?

Pooperman · « **Reply #814 on:** April 29, 2016, 07:54:57 AM »

Quote from: senorpanqueque on April 29, 2016, 07:53:20 AM

Would that be the same as "if you were to "sell" it today, it would be worth this much" value?

It's Net Present Value. Taking the future monthly income and turning it into a lump sum now by undoing inflation and market gains over that time period.

merlin7676 · « **Reply #815 on:** April 29, 2016, 08:45:24 AM »

First off I just want to say great job to all of us guys and girls that are working very hard on this goal. I know I'm very proud of me and I'm proud of you all too. Love seeing all the numbers go up no matter how little or how much it does.
I'm 62% of the way there and looking forward to graduating to the next level.

06/30/15   $43,137.96
07/31/15   $44,941.13
08/31/15   $42,043.10
09/30/15   $38,770.91
10/31/15   $44,941.34
11/30/15   $46,401.01
12/31/15   $47,513.96
01/31/16   $44,058.68
02/29/16   $46,830.84
03/31/16   $58,923.60
04/30/16   $62,829.27

athiker10 · « **Reply #816 on:** April 29, 2016, 06:27:36 PM »

I discovered MMM only a few weeks ago and it's like my world has opened up. I know I don't make a lot-I live comfortably but I can't imagine saving at the rates I'm seeing some of you save monthly.

Starting with April NW: $38,442.00 This is going to plummet in september as I start an 18 month grad program that I'm paying for out of pocket + any grants/scholarships/tuition reimbursement I can get my hands on.

katthjul · « **Reply #817 on:** April 30, 2016, 06:55:22 AM »

EOY 2015: €16,728
Jan 2016: €15,895
Feb 2016: €17,250
Mar 2016: €19,597
Apr 2016: €20,332

Did not save as much as I wanted, but it is going in the right direction. Less happy about having to change the ETFs I use in my portfolio.

Rodgers12 · « **Reply #818 on:** April 30, 2016, 07:24:04 AM »

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
03/31/2016: $51,770
04/30/2016: $55,260

$40Kby40 · « **Reply #819 on:** April 30, 2016, 07:25:08 AM »

Quote from: $40Kby40 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
30 Mar - ?
30 Apr - $52,411

Guess I forgot to post for Mar. From now on, I'm going to breakdown savings vs debt in my update.

Apr:
$70,285 savings
$17,874 debt

celticmyst08 · « **Reply #820 on:** April 30, 2016, 10:06:17 AM »

12/2014: 20,639.31
01/2015: 22,508.74
02/2015: 30,778.55
03/2015: 34,001.91
04/2015: 36,607.49
05/2015: 38,382.26
06/2015: 42,838.00
07/2015: 48,495.61
08/2015: 46,205.22
09/2015: 49,753.59
10/2015: 54,243.55
11/2015: 59,392.35
12/2015: 63,067.27
01/2016: 60,170.84
02/2016: 64,960.54
03/2016: 73,705.82
04/2016: 81,933.67 +11.16%

I can see the finish line... if only I didn't have ~$9k of tuition to be paid this year. We'd hit $100k in September probably. At this point I estimate we'll hit it in November.

SGontour · « **Reply #821 on:** April 30, 2016, 10:33:28 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
March 2016: CHF 78,422
April 2016: CHF 84,996

I should get to 100k invested also around November.
In summer, I will renew around half of my mortgage (200k out of 480k).
-> Old interest rate: 1.75% and the new interest will be around a tenth of that. Thus, around 0.18%... will boost my savings a bit :)

CmFtns · « **Reply #822 on:** April 30, 2016, 12:55:16 PM »

I want to join in
Here's my numbers:

2015
Apr    $12,466.69
May    $14,786.72
Jun    $17,419.27
Jul    $21,457.81
Aug    $24,608.98
Sep    $25,148.05
Oct    $30,071.44
Nov    $30,362.40
Dec    $33,987.45

2016
Jan $37,178.00
Feb $40,183.56
Mar $41,965.73
Apr $46,690.70

tarheeldan · « **Reply #823 on:** April 30, 2016, 06:56:16 PM »

Welcome to the newcomers to the race and congrats to all on your progress!

I shook the couch cushions, and it turns out I just barely - by $25.57 - topped 100k at the end of March. See you all in the nextthread!

AcftW · « **Reply #824 on:** May 01, 2016, 09:39:26 AM »

$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016
$54,717 - May 2016

Woodro85 · « **Reply #825 on:** May 02, 2016, 10:16:17 AM »

Welcome to the newcomers and congrats to those moving on! I had a pretty good month considering I spent a chunk on new equipment for an upcoming backpacking trip. My goal is to be over 100k by September, but I think I may cross the 100k mark shortly when I recalculate my pension worth. I conservatively measure it but think I've been undervaluing the monthly increases and will recalculate when I receive my annual statement.

My update is as follows:

1/1/2016   $70,395.59
2/1/2016   $74,587.69
3/1/2016   $77,683.18
4/1/2016   $81,670.69
5/1/2016 $85,587.91

monstermonster · « **Reply #826 on:** May 03, 2016, 12:45:05 PM »

Hey all! I had significant freelance income I was able to set aside for my Roth and a month of low spending, so I jumped 43% over two months ago! Yay!

3/1/2016: $10,106
4/1/2016: $10,624
5/1/2016: $14,504

carozy · « **Reply #827 on:** May 03, 2016, 01:01:30 PM »

05/2014 ~ $6,590
06/2014 ~ $6,590
07/2014 ~ $7,267
08/2014 ~ $8,902
09/2014 ~ $10,162
10/2014 ~ $11,419
11/2014 ~ $12,826
12/2014 ~ $14,319

01/2015 ~ $5,657
02/2015 ~ $8,830
03/2015 ~ $19.745
04/2015 ~ $21,361
05/2015 ~ $22,183
06/2015 ~ $23,114
07/2015 ~ $23,835
08/2015 ~ $24,567
09/2015 ~ $17,037
10/2015 ~ $19,906.58
11/2015 ~ $22,432.54
12/2015 ~ $24,483.03

01/2016 ~ $25,329.42
02/2016 ~ $27,698.48
03/2016 ~ $30,131.47
04/2016 ~ $32,868.52

Mazzinator · « **Reply #828 on:** May 09, 2016, 03:20:25 PM »

Quote from: Mazzinator on February 04, 2016, 11:14:00 AM

Quote from: Mazzinator on December 07, 2015, 06:48:17 AM
Quote from: Mazzinator on November 03, 2015, 11:13:11 AM
Quote from: Mazzinator on October 08, 2015, 11:13:38 AM
Quote from: Mazzinator on June 08, 2015, 06:35:19 PM
Quote from: Mazzinator on June 25, 2014, 01:03:36 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

Finally!!!

Save
$158,005
Debt
$57,231
NW $100,825

Woooo hoooooo!
See ya! (Just kiddin)

Woodro85 · « **Reply #829 on:** May 10, 2016, 03:49:33 PM »

Quote from: Mazzinator on May 09, 2016, 03:20:25 PM

Finally!!!

Save
$158,005
Debt
$57,231
NW $100,825

Woooo hoooooo!
See ya! (Just kiddin)

Congrats on the milestone, don't let the door hit ya on the way out!

tomita · « **Reply #830 on:** May 10, 2016, 07:34:28 PM »

16 Mar 2016 $64300 - $13200 = $51300
17 Apr 2016 $103500 - $45600 = $57900
10 May 2016 $106390 - $42900= $63490

tarheeldan · « **Reply #831 on:** May 10, 2016, 08:15:37 PM »

Quote from: Mazzinator on May 09, 2016, 03:20:25 PM

Woooo hoooooo!
See ya! (Just kiddin)

Congratulations!

Mazzinator · « **Reply #832 on:** May 11, 2016, 09:45:38 AM »

Quote from: Woodro85 on May 10, 2016, 03:49:33 PM

Quote from: Mazzinator on May 09, 2016, 03:20:25 PM
Finally!!!

Save
$158,005
Debt
$57,231
NW $100,825

Woooo hoooooo!
See ya! (Just kiddin)

Congrats on the milestone, don't let the door hit ya on the way out!

Haha! Thanks! (And thanks to tarheeldan!)

You all seriously rock it. And this group is awesome!!

ardrum · « **Reply #833 on:** May 11, 2016, 07:31:26 PM »

1/1/16 - ~$2000
2/1/16 - $4793
3/1/16 - $10108
4/1/16 - $14574
5/1/16 - $16150

Imustacheyouaquestion · « **Reply #834 on:** May 20, 2016, 06:49:53 AM »

1/31/16: 71,733
2/29/16: 74,225
3/25/16: 80,361
4/16: 85,438
5/20/16: 86,299

Increased my HSA contributions to the max and added $25 per paycheck into my automatic savings deduction this month.

charis · « **Reply #835 on:** May 20, 2016, 08:32:44 AM »

Quote from: jezebel on April 07, 2016, 07:56:37 AM

Quote from: jezebel on March 01, 2016, 10:36:47 AM
October 1, 2015: ~$40K
February 2016: ~$65K
April 2016 (so far): $71K

May 2016: $81K

dogboyslim · « **Reply #836 on:** May 20, 2016, 09:25:27 AM »

3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769

onehair · « **Reply #837 on:** May 25, 2016, 09:04:41 AM »

The last time I checked in here my net worth was $20000 and some change now it is $22604!!! My debt is going down slowly but surely. It stands at 6062 I remember when it was over $11000.

merlin7676 · « **Reply #838 on:** May 27, 2016, 08:16:28 AM »

Since this is a holiday weekend, I don't expect any change with the markets closed so I'll post my numbers now.
Just over 20K in 11 months...not great by people on here but I've been slowing digging myself out of debt. Last CC will be paid off in June and then all that money will roll over to savings/investing and then it will grow faster.
And not much growth this month as we had some house improvement projects going on-built a fence and new concrete patio slab.

06/30/15   $43,137.96
07/31/15   $44,941.13
08/31/15   $42,043.10
09/30/15   $38,770.91
10/31/15   $44,941.34
11/30/15   $46,401.01
12/31/15   $47,513.96
01/31/16   $44,058.68
02/29/16   $46,830.84
03/31/16   $58,923.60
04/30/16   $62,829.27
05/31/16   $63,588.38

*does not include house as it is our forever home*

$40Kby40 · « **Reply #839 on:** May 31, 2016, 01:06:23 AM »

Quote from: $40Kby40 on April 30, 2016, 07:25:08 AM

Quote from: $40Kby40 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
30 Mar - ?
30 Apr - $52,411
30 May - $56,973

From now on, I'm going to breakdown savings vs debt in my update.

Apr:
$70,285 savings
$17,874 debt

May:
$74,338 savings
$17,365 debt

lamil · « **Reply #840 on:** May 31, 2016, 11:14:01 AM »

Quote from: lamil on April 26, 2016, 08:48:04 AM

March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00

May 31, 2016: 22,693

druth · « **Reply #841 on:** May 31, 2016, 12:27:16 PM »

Quote from: druth on April 15, 2016, 09:06:43 AM

Sep-15   $6,657.20
Oct-15   $10,846.07
Nov-15   $13,419.84
Dec-15   $19,983.09
Jan-16   $23,828.58
Feb-16   $27,482.23
Mar-16   $33,831.34
Apr-16   $38,873.65

May-16 $37,450.56

Misleading because I had to pay 3500 upfront for some classes my work will reimburse for, but not until September. For now it is what it is. I very briefly had over 40k this month though, so that was cool (looking at the bright side).

Rodgers12 · « **Reply #842 on:** May 31, 2016, 07:32:03 PM »

07/31/2015: $36,978
08/31/2015: $34,949
09/30/2015: $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
03/31/2016: $51,770
04/30/2016: $55,260
05/31/2016: $58,756

frogger · « **Reply #843 on:** June 01, 2016, 10:13:13 AM »

First I compared last month to this month:

4/30/16: $14,500
5/31/16: $15,350

Which doesn't seem like much, and could have been better because reasons, but then I went back through the spreadsheet and realized it's been two years since this started:

5/31/14: -$20,950
5/31/16: $15,350

Which is $36,300 in two years. And next year I hope things will go a little faster. I could be to 100K in four years, which considering I was just about zero this time last year, would be $0 to $100,000 in five years!

Newer people, if you haven't already, come join the tracking spreadsheet! It's getting a little lonely as people graduate and it's a great way to see progress!

https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?pref=2&pli=1#gid=0

(Also found in the first post of the thread.)

CmFtns · « **Reply #844 on:** June 01, 2016, 10:46:00 AM »

2015
Apr $12,466.69
May $14,786.72
Jun $17,419.27
Jul $21,457.81
Aug $24,608.98
Sep $25,148.05
Oct $30,071.44
Nov $30,362.40
Dec $33,987.45

2016
Jan $37,178.00
Feb $40,183.56
Mar $41,965.73
Apr $46,690.70
May $51,510.46

SGontour · « **Reply #845 on:** June 01, 2016, 11:49:47 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
March 2016: CHF 78,422
April 2016: CHF 84,996
May 2016: CHF 86,464

katthjul · « **Reply #846 on:** June 01, 2016, 12:00:01 PM »

EOY 2015: €16,728
Jan 2016: €15,895
Feb 2016: €17,250
Mar 2016: €19,597
Apr 2016: €20,332
May 2016: €24,718

athiker10 · « **Reply #847 on:** June 01, 2016, 06:46:25 PM »

Just checking back in. My NW went down (By ~175ish). Boo. (Had some large expenses-one that won't happen for hopefully a few more years and another that is the beginning of the downtrend of NW with grad school). On the plus side, I got a small (4%) raise that is going directly into my 403b upping my retirement savings to over 11%.

April-16 NW: $38,442.00
May-16 NW: $38,264.52

Rhoon · « **Reply #848 on:** June 01, 2016, 07:18:40 PM »

Decided to jump in the group if you all don't mind. I just merged all my stuff into "One Sheet to rule them all v3" so my data is a bit limited right now.

4/1/2016   $45,447.95
5/1/2016   $47,415.17
6/1/2016   $52,780.32

AcftW · « **Reply #849 on:** June 02, 2016, 05:15:26 AM »

$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016
$54,717 - May 2016
$55,014 - Jun 2016

Had a couple big purchases, but I managed to stay in the black with savings.

News:

Author Topic: Race from 10 to 100k!! (Read 1286337 times)