The Money Mustache Community

General Discussion => Throw Down the Gauntlet => Topic started by: isaacfcb1 on June 09, 2014, 10:50:28 PM

Title: Race from 10 to 100k!!
Post by: isaacfcb1 on June 09, 2014, 10:50:28 PM
Who else is currently under 10k and is willing to track with each other to 100k. Partners in the race of sorts :) all friendly of course but hey a little competition never hurt anybody!

https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?usp=sharing
Title: Re: Race from 10 too 100k!!
Post by: Tieke on June 10, 2014, 03:41:13 AM
Hey, great idea!  I wouldn't mind taking a shot at that.
I'm well under the 10K mark currently.  If you count my Kiwisaver fund (NZ's equivalent to a 401K) as well as the last of my student debt, I'm worth about a whole $2000.  So I'm starting behind and I presume we're dealing in different currencies etc, but nothing like a race to get a bit fired up about making progress!
Title: Re: Race from 10 too 100k!!
Post by: dusty on June 13, 2014, 06:56:59 PM
Sounds good, a yardstick to measure by and keep myself motivated.

not counting my Super which is at 130k.

I currently have a $12,711 share portfolio, focusing on dividend yields.

I add to it each month and will provide updates to see who reaches 100k first :)

Best of luck to you. happy to share the road to FIRE
Title: Re: Race from 10 too 100k!!
Post by: Thegoblinchief on June 13, 2014, 07:14:44 PM
-15K at last check but I'll hop in :)
Title: Re: Race from 10 too 100k!!
Post by: isaacfcb1 on June 14, 2014, 12:02:45 PM
Awesome! Just check in every now and again when you so please and update us and tell us more about your specific situation! I'm 19 years old in the American military and current net worth is about $8,000 I try to save about 80% of every paycheck and throw it all into my Vanguard index fund!!!I know it's against some beliefs but I like risk taking to I have $1,000 in silver as well since its near an all time low. My goal to FIRE is age 30! What's your goals??? good luck to everyone and keep us posted!!! :)
Title: Re: Race from 10 too 100k!!
Post by: Suit on June 14, 2014, 01:16:53 PM
I have a feeling I'm going to get killed in this race, but I'm in. Right now at -32,000 net worth (student loans) so I'm not expecting to hit 100k NW until probably 2 years or so from now.
Title: Re: Race from 10 too 100k!!
Post by: Runge on June 14, 2014, 02:59:18 PM
Alright. I'll bite. I'm currently at $12k only counting my investment accounts. I was up around 25k, but buying a house will really cut into that. Will we come back and update our original post, or just post a new one when we have an update?
Title: Re: Race from 10 too 100k!!
Post by: isaacfcb1 on June 14, 2014, 06:24:25 PM
Just go ahead and post a new one whenever you achieve a small goal or just want to update!
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on June 15, 2014, 12:24:13 AM
I shall join in. Last time I checked, I was at 5k. It will take me about 3-4 years at my current income/savings rate, though. That is a long competition...

Title: Re: Race from 10 too 100k!!
Post by: dusty on June 15, 2014, 03:38:23 AM
I'm 19 years old in the American military and current net worth is about $8,000 ha I try to save about 80% of every paycheck and throw it all into my Vanguard index fund!!!

Hey Isaac I have been in the Australian military since i was 19 (i am now 33) but it was only last year that I got on board with ERE. So I will now retire in 10 years time at 43.  If only I had started at your age I would be retired by now.

I did what most other thoughtless kids do in the military found myself at a young age with a salary so went and bought the car, easy finance lead to more stupid borrowing until I was ready for a face punch. paid all that abck now and am investing regularly thankfully.

Anyway, I hope this encourages you to keep at it mate- see you in retirement :P
Title: Re: Race from 10 too 100k!!
Post by: Stachesquatch on June 15, 2014, 12:12:18 PM
This is a fun forum to check in to, I am not 'in the game' because already somewhere past the goal.

Is there a way to handicap this? Some folks have a substantial head start or deficit, most races start from a starting line.

At any rate, it is a race that everyone wins because even if someone else hits their mark (good for them!) before you, you will still have made progress that you can build on.  Love it and keep up the efforts!
Title: Re: Race from 10 too 100k!!
Post by: Suit on June 15, 2014, 12:33:01 PM
It seems like it could be handicapped by having the race be to see who could add 100K to their stash first but that sounds like a different gauntlet…(and even that one would have to be handicapped because people with large investments already would have a leg up).
Title: Re: Race from 10 too 100k!!
Post by: fidgiegirl on June 15, 2014, 12:52:36 PM
Talking net worth?
Title: Re: Race from 10 too 100k!!
Post by: isaacfcb1 on June 15, 2014, 05:50:16 PM
I'm 19 years old in the American military and current net worth is about $8,000 ha I try to save about 80% of every paycheck and throw it all into my Vanguard index fund!!!

Hey Isaac I have been in the Australian military since i was 19 (i am now 33) but it was only last year that I got on board with ERE. So I will now retire in 10 years time at 43.  If only I had started at your age I would be retired by now.

I did what most other thoughtless kids do in the military found myself at a young age with a salary so went and bought the car, easy finance lead to more stupid borrowing until I was ready for a face punch. paid all that back now and am investing regularly thankfully.

And yes net worth!

Anyway, I hope this encourages you to keep at it mate- see you in retirement :P

It definitely does add a level of encouragement Dusty! I appreciate that, and yes no where else do i see such horrible spending habits and divulging into unnecessary costs then those of my brothers in arms! foolish but can't blame most of them they've never been shown any other way of life! i plan on being in for 4 more years then getting out and transitioning to the civilian sector, haha maybe we can retire at the same time! Anyways good luck on your path and thanks for the motivation!

As far as a handicap for the race if anyone has any input on how we can do that it would be greatly appreciated! I created this race geared more from those starting from the near bottom, in order to add motivation and a tracker since it's widely known that the first 100k is generally the hardest since the power of compounding hasn't had that much time to snowball :)
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on June 24, 2014, 11:31:00 AM
I'm in! I think my net financial worth is around $12-13k. Good motivation. I'll try to update at the end of every month!
Title: Re: Race from 10 too 100k!!
Post by: 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!!!
Title: Re: Race from 10 too 100k!!
Post by: Frugal Father on June 25, 2014, 11:57:37 AM
My wife and I are at about $14K. I have a feeling we'll get crushed in this race, but it'll be great encouragement for us to see how fast everyone gets there.
Title: Re: Race from 10 too 100k!!
Post by: Stachesquatch on June 25, 2014, 03:11:47 PM
Frugal Father go for it!

This is one of my favorite threads on here, the kind of discourse I found on this site that opened my eyes to the rewards of changing ones financial relationship for the better.

You can only 'win' this race no matter where you place... Just being in it is a win- It is great having others go along with you. I'm early in the race on to the next level (add another zero) and in hindsight would have gotten to the $100,000 mark YEARS earlier if I had peers at the time who were also trying to increase their savings.  I don't think I would have had the perspective to try to go after a million if it wasn't for discovering this site.

This is one of the few places that I can fully support crowd mentality, where that crowd is striving for financial freedom.
Title: Re: Race from 10 too 100k!!
Post by: viverl on June 26, 2014, 05:22:00 AM
This might help my motivation :-)

I am currently at ~ 10.000 € on daily benefit (?) account
plus 5.000 € belonging to my sister and me together just stored in my other account.

I have around 8.000-10.000 € student debt I am only allowed to pay back in 3 years.

I just opened my first depot account and I am waiting for the final documents to arrive so that I can start with indices etc.
Title: Re: Race from 10 too 100k!!
Post by: Bart1ma3u5 on June 30, 2014, 09:19:47 AM
Finally joined the site to commit to joining this race! Started my first job about a year ago and currently have about $14,000 between TSP, Roth IRA, Emergency fund. Minus the $19,000 I'm a car clown fresh out of college Car loan... (face meet fist)
Title: Re: Race from 10 too 100k!!
Post by: Frugal Father on June 30, 2014, 09:40:28 AM
Finally joined the site to commit to joining this race! Started my first job about a year ago and currently have about $14,000 between TSP, Roth IRA, Emergency fund. Minus the $19,000 I'm a car clown fresh out of college Car loan... (face meet fist)
At least you already know it's an emergency. ;)
Title: Re: Race from 10 too 100k!!
Post by: Runge on June 30, 2014, 08:48:04 PM
Well, with it being the end of the quarter and all, I think it's a good time to post my numbers. Yes, I realize I've already posted...but this'll be the first hard number. :D

2014 Q2: $12,601.45

Here's to hoping this number increases quickly, although I'm currently just contributing a measly $550/mo. We're likely getting raises soon (score!), so I plan on upping my simple ira contribution to $500/mo which will get me to roughly $825/mo.

Looking forward to everyone else's progress! Keep 'em coming and let those Washingtons get to work for you!
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on June 30, 2014, 09:11:46 PM
Official End of June Number:

$12,809.82

First off, huge jump in the number from just a couple weeks ago. I landed the jackpot of free money by way of employer match on 401(k) contributions for 2013!

Hope to see some more updates from everyone! 
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on June 30, 2014, 11:27:15 PM
First official number...for end of June:

$11,962.93

Looong ways to go!
Title: Re: Race from 10 too 100k!!
Post by: Lord Cashmoney on July 01, 2014, 12:20:35 AM
*Sounds of trumpets!*
Lord Cashmoney joins this friendly race!

Official End of June Number:
$-23,237.77

Since I'm just jumping in here, I should give a little current standings on the current Cashmoney holdings...

(Liabilities)
Student Loan Debts: $-34,623.03
Credit Cards: $-11,335.51

(Assets)
Cash: $7,791.68
Investments: $11,929.09

Let's see how quickly that debt melts away and assets start piling up! :)
Title: Re: Race from 10 too 100k!!
Post by: Tieke on July 01, 2014, 03:28:21 AM
Yay, I love how this already feels like progress - maybe we can all do a combined count-up in the end and see how many millions we've made collectively!

My initial figure was off, but my updated figure for the end of June is $4046.  The breakdown for this is:

Debt:
$-11095 (student loan)

Assets:
$15141 kiwisaver
$0 cash reserves

My cash situation is dire so my hair is definitely on fire right now... But on the bright side, this blog has finally badgered me into buying a bike, so I feel richer every time I pedal out of my driveway!
Title: Re: Race from 10 too 100k!!
Post by: TJ79 on July 01, 2014, 09:58:22 AM
I'll join in on this:

Assets: 114,788
Liabilities: -108,277

Total: 6,511
Title: Re: Race from 10 too 100k!!
Post by: Frugal Father on July 01, 2014, 10:52:49 AM
Official End of June Number:

$12,809.82

First off, huge jump in the number from just a couple weeks ago. I landed the jackpot of free money by way of employer match on 401(k) contributions for 2013!

Hope to see some more updates from everyone!
Same here! My employer match is only a paltry 1.5%, but I'll definitely take the free money. :P
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on July 01, 2014, 05:30:58 PM
Official End of June Number:

$12,809.82

First off, huge jump in the number from just a couple weeks ago. I landed the jackpot of free money by way of employer match on 401(k) contributions for 2013!

Hope to see some more updates from everyone!
Same here! My employer match is only a paltry 1.5%, but I'll definitely take the free money. :P
They force me to be mustachian because to get it all I have to contribute 15% of my pay to get all of the employer match.
Title: Re: Race from 10 too 100k!!
Post by: Suit on July 01, 2014, 06:55:06 PM
End of the month update: net worth is at -30k
Title: Re: Race from 10 too 100k!!
Post by: Frugal Father on July 02, 2014, 12:15:48 PM
For our June 30 update, we reached about $16.8k of net worth.

Official End of June Number:

$12,809.82

First off, huge jump in the number from just a couple weeks ago. I landed the jackpot of free money by way of employer match on 401(k) contributions for 2013!

Hope to see some more updates from everyone!
Same here! My employer match is only a paltry 1.5%, but I'll definitely take the free money. :P
They force me to be mustachian because to get it all I have to contribute 15% of my pay to get all of the employer match.
Mine only requires 6% to get it, but I'm thinking of upping the contribution some this year with my raise. Either that, or it'll go towards an IRA.
Title: Re: Race from 10 too 100k!!
Post by: mjb90 on July 07, 2014, 03:23:44 PM
Finally created an account to jump in on this.

Here's some progress from the last year

End of June 2013:
Student Loans    -$12,800
Savings                $2,350
Net Worth           -$10,450

End of June 2014:
Student Loans     -$1,700
Savings                 $7,900
Retirement Accts   $17,900
Net Worth             $24,100

My goal is to cross 100k in 2 more years
Title: Re: Race from 10 too 100k!!
Post by: Runge on July 07, 2014, 03:29:42 PM
Finally created an account to jump in on this.

Here's some progress from the last year

End of June 2013:
Student Loans    -$12,800
Savings                $2,350
Net Worth           -$10,450

End of June 2014:
Student Loans     -$1,700
Savings                 $7,900
Retirement Accts   $17,900
Net Worth             $24,100

My goal is to cross 100k in 2 more years

Nice! That's some serious progress!
Title: Re: Race from 10 too 100k!!
Post by: frogger on July 07, 2014, 03:58:58 PM
Woohoo, this thread is more my speed! My current net worth is -$8250, so I'll celebrate every order of magnitude from here to 100K.

I'm going to predict -$1000 around November 2014. And let's go with -$100, $0, and $100 in December, $1000 in February, and $10,000 in May 2015.
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on July 08, 2014, 03:11:02 PM
What the heck, I'll join in. It'll be a while, but I'm fine with that.  Excluding the pension at work (which I can't access 'til I'm at least 55, well after I hope to retire), I'm at $3417.20 as of close of markets today. Here's to the start of pushing the snowball!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on July 09, 2014, 12:14:08 AM
Finally created an account to jump in on this.

Here's some progress from the last year

End of June 2013:
Student Loans    -$12,800
Savings                $2,350
Net Worth           -$10,450

End of June 2014:
Student Loans     -$1,700
Savings                 $7,900
Retirement Accts   $17,900
Net Worth             $24,100

My goal is to cross 100k in 2 more years

Great job!! Awesome feeling watching those student loans tick down, isn't it? Congrats.
Title: Re: Race from 10 too 100k!!
Post by: Imustacheyouaquestion on July 09, 2014, 12:57:21 PM
I'm currently at a net worth of 27k, started at the 10k mark in December of 2013. So I guess I'll assess myself with a 6 month handicap when I get to the finish line!!

I really like this challenge because it's about celebrating success stories while they're still in the making. Here we go!
Title: Re: Race from 10 too 100k!!
Post by: Frugal Father on July 09, 2014, 04:19:44 PM
Woohoo, this thread is more my speed! My current net worth is -$8250, so I'll celebrate every order of magnitude from here to 100K.

I'm going to predict -$1000 around November 2014. And let's go with -$100, $0, and $100 in December, $1000 in February, and $10,000 in May 2015.
So I guess you won't be reporting back between 10k and 100k then? ;)
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on July 10, 2014, 04:17:15 PM
I'm a little high right now compared to others posting here but still fall within the $10k to $100k.

Current NW is $48,621.62.  This is broken down thus:
House:  $26,976.33 (updated monthly, not sure how to do added equity)
Stocks: $16,277.04 (updated monthly)
Cash:    $  5,368.25 (includes current months spending money)

So far I have added ~$12k this year and hope to add another $12k by years end, getting me up to $60k.  At this rate I'm looking at about 2 more years to break $100k, milestone I very much look forward to.
Title: Re: Race from 10 too 100k!!
Post by: frogger on July 10, 2014, 08:32:27 PM
Woohoo, this thread is more my speed! My current net worth is -$8250, so I'll celebrate every order of magnitude from here to 100K.

I'm going to predict -$1000 around November 2014. And let's go with -$100, $0, and $100 in December, $1000 in February, and $10,000 in May 2015.
So I guess you won't be reporting back between 10k and 100k then? ;)
Haha, I suppose. I figure I'll do a big celebration at 10K, and then keep updating monthly or so. But it will take years to get to 100K, so lots of reporting back in the mean time. :P
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on July 11, 2014, 02:07:02 AM
Savings $75k
Student loans -$71k

Net worth $4k

Savings $79k
Student loans -$69k

Net worth $10k

Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on July 11, 2014, 02:33:42 PM
Savings $75k
Student loans -$71k

Net worth $4k

Savings $79k
Student loans -$69k

Net worth $10k
Way to go Mazzinator, increasing networth by $6,000 in just over two weeks!  I'm happy with my slow, slow pace of $2,000 a month.  Keep it up and you'll catch up to me in no time at all.
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on July 12, 2014, 01:47:42 AM
Savings $75k
Student loans -$71k

Net worth $4k

Savings $79k
Student loans -$69k

Net worth $10k
Way to go Mazzinator, increasing networth by $6,000 in just over two weeks!  I'm happy with my slow, slow pace of $2,000 a month.  Keep it up and you'll catch up to me in no time at all.

Thanks!! It's for the entire month. I only calculate this once a month (for sanity) so it's for a whole month, not just two weeks!! Shit, i was i could increase $6k every two weeks ;)

But thanks!!! I need all the positive vibes i can get!!

And $2k a month is nothing to sneeze at!! Great work!
Title: Re: Race from 10 too 100k!!
Post by: Frugal Father on July 14, 2014, 12:46:44 PM
Savings $75k
Student loans -$71k

Net worth $4k

Savings $79k
Student loans -$69k

Net worth $10k
Way to go Mazzinator, increasing networth by $6,000 in just over two weeks!  I'm happy with my slow, slow pace of $2,000 a month.  Keep it up and you'll catch up to me in no time at all.

Thanks!! It's for the entire month. I only calculate this once a month (for sanity) so it's for a whole month, not just two weeks!! Shit, i was i could increase $6k every two weeks ;)

But thanks!!! I need all the positive vibes i can get!!

And $2k a month is nothing to sneeze at!! Great work!
I was gonna say... $6k * 26 biweekly periods would have been $156k in a year. Still, though, that rate gets you $72k in a year. Very impressive. Was there anything specific that contributed this month, or is that your typical monthly saving?
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on July 15, 2014, 02:53:46 PM
Savings $75k
Student loans -$71k

Net worth $4k

Savings $79k
Student loans -$69k

Net worth $10k
Way to go Mazzinator, increasing networth by $6,000 in just over two weeks!  I'm happy with my slow, slow pace of $2,000 a month.  Keep it up and you'll catch up to me in no time at all.

Thanks!! It's for the entire month. I only calculate this once a month (for sanity) so it's for a whole month, not just two weeks!! Shit, i was i could increase $6k every two weeks ;)

But thanks!!! I need all the positive vibes i can get!!

And $2k a month is nothing to sneeze at!! Great work!
I was gonna say... $6k * 26 biweekly periods would have been $156k in a year. Still, though, that rate gets you $72k in a year. Very impressive. Was there anything specific that contributed this month, or is that your typical monthly saving?

Typical month is ~$5k, depends on our spending/visitors. Seriously, we live in Hawaii and have endless guests. I calculate NW after the first few days of the month. Here's my numbers. It seems like there was also a nice big market gain...or i did some bad math ;)

June
-$71,621 debt
$76,051 savings
$4,430 NW

$11,414 income
-$1,600 tsp (savings same as 401k, no match)
-$400 SL (auto SL payment)
-$2,700 SL ("extra" SL payment)

-$4,700 (total)
41% "savings rate"

July
-$68,803 debt
$79,349 savings
$10,546 NW


At this rate $100k NW should happens in ~18 months...however, we are mving back to VA next summer, we have a trip to Aussie next summer before we move and i plan on buying a used car next summer too. So lots of expenses planned.

Good luck everyone!!!
Title: Re: Race from 10 too 100k!!
Post by: carozy on July 15, 2014, 04:06:42 PM
I'll join in.  I'll use my Personal Capital to find my net worth, and I'll be including my retirement account and any IRAs I start also.

Right now my net worth is $6590.

I don't know how long it'll take me to get to $100,000, but I'll do my best.  :)
Title: Re: Race from 10 too 100k!!
Post by: peppermint on July 15, 2014, 05:28:15 PM
I'll play. net worth at present $34688.
Title: Re: Race from 10 too 100k!!
Post by: HairyUpperLip on July 16, 2014, 10:35:30 AM
I will join as well.

NW End Of June = $27,482.44

I think it will drop for End of July due to some expenses that came up. :(

Best of luck to everyone!
Title: Re: Race from 10 too 100k!!
Post by: samburger on July 19, 2014, 03:54:46 PM
Looks like there are a few others with a headstart, so I'll jump in with a net worth of $30,099.37.

It took us 10 months to get here from $0, but things are slowing down as we start paying my wife's tuition in full. I don't expect to hit $100k for another three years, but who knows?

Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on July 20, 2014, 10:31:34 PM
I'm in.

NW from Personal Capital: $3,026

Employer 401(k): $4,949

Total NW for July: $7,975
Title: Re: Race from 10 too 100k!!
Post by: lpep on July 21, 2014, 12:55:07 AM
I'm in, AND I made a SPREADSHEET!!!

https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?usp=sharing

I'm a nerd, and I love making spreadsheets. Please update your own info! For people who have already commented, I added you already. Please feel free to change your own info. Percentages will automatically count themselves. There's a few lines for people who want to add themselves.

Isaac, maybe add this link in the top post? :)
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on July 21, 2014, 07:51:21 PM
I'm in, AND I made a SPREADSHEET!!!


Ipep,

Nice spreadsheet!

Might I suggest that the total percent change be calculate by the change from last Monty's total instead of a sum of everyone's percent change. Just a suggestion. Still, job well done and thanks!
Title: Re: Race from 10 too 100k!!
Post by: lpep on July 22, 2014, 12:33:54 AM
I'm in, AND I made a SPREADSHEET!!!


Ipep,

Nice spreadsheet!

Might I suggest that the total percent change be calculate by the change from last Monty's total instead of a sum of everyone's percent change. Just a suggestion. Still, job well done and thanks!

Thanks!!

Aaand I was trying to figure out what to put there! I agree, it wasn't very useful before. Now it's the change in the monthly total, and the average underneath remains the average!
Title: Re: Race from 10 too 100k!!
Post by: isaacfcb1 on July 22, 2014, 09:30:06 PM
Haha thanks for the link! Let's see everyone's snowballs roll!
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on July 22, 2014, 09:38:42 PM
Haha thanks for the link! Let's see everyone's snowballs roll!
Don't tell me what to do with my snowball!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on July 25, 2014, 11:52:55 AM
I'm getting excited for the end of the month, when I get to recalculate my net worth.  Been watching my index funds go insane each month this year, in line to make 20%.  Everything else is going fine, with my new diet our food budget has been lasting, and if we continue this pace we'll be spending less than $200 a month for 2 people.  Just another week then I can post my changes.
Title: Re: Race from 10 too 100k!!
Post by: Runge on July 25, 2014, 01:36:01 PM
I'm getting excited for the end of the month, when I get to recalculate my net worth.  Been watching my index funds go insane each month this year, in line to make 20%.  Everything else is going fine, with my new diet our food budget has been lasting, and if we continue this pace we'll be spending less than $200 a month for 2 people.  Just another week then I can post my changes.

Same here! I'm looking forward to calculating my update, as well as seeing everyone else's progress! Although It's looking like my number will be lower than last month, due to a specific electric car company stock prices falling... :P
Title: Re: Race from 10 too 100k!!
Post by: CabinetGuy on July 25, 2014, 04:30:26 PM
I'm in!  Started this year with:

5k in savings
5500 in IRA
1000 in SEP IRA
-10k  credit card debt (0%, will pay off by October)
11k (work truck).  Can't  call it a clown car, I'm a carpenter and need it.  Money maker.

Roughly 12500k net worth...

As of now:

16,000k in savings
-8500 credit car debt.
5500 IRA
1000 Sep IRA
11k (work truck)

Roughly 25k NW.




Putting 1500 away per month and not breaking a sweat.  Time to up it...

Really like this thread!

Jon
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on July 25, 2014, 11:12:51 PM
I'm in, AND I made a SPREADSHEET!!!

https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?usp=sharing

Welcome! And thanks...that's a great idea!
Title: Re: Race from 10 too 100k!!
Post by: isaacfcb1 on July 26, 2014, 07:22:05 PM
Haha no need to worry about winning the race, even though I am always a supporter of the good of competition, this is actually one race where we all win, and if you can get to $0.00 net worth by next year you will probably beat me to 100k haha darn military pay. Cheers everyone!

*Ipep any advice on how to edit our data?
Title: Re: Race from 10 too 100k!!
Post by: lpep on July 26, 2014, 11:35:26 PM
Whoopsies! Changed a setting so anyone with the link can now edit... thought I had it that way. Should be good now!
Title: Re: Race from 10 too 100k!!
Post by: Suit on July 27, 2014, 12:09:47 PM
You can just drag the calculation down like in excel, I did it for you. Impressive rate!
Title: Re: Race from 10 too 100k!!
Post by: Suit on July 27, 2014, 12:45:49 PM
No problem! I always just try things like that and figure that if they don't work I can just delete it :) I'm glad there's someone starting lower than me but by your savings rate you'll have me beat in no time!
Title: Re: Race from 10 too 100k!!
Post by: frogger on July 27, 2014, 08:02:26 PM
I will be worth nothing, and it will feel wonderful!!!
Indeed, I am very excited to be worth nothing, hopefully around the new year, give or take, depending on where my new job places me on the salary scale for fall (I just finished all my paperwork, so now waiting to hear).

In the mean time I'm going to be a little farther from $0 in the bad direction going into August, though not as far as I'd originally thought, thanks to some extra income this month. Y'all don't hate when I drag the collective % change down a little the next couple of months. I'll make up for it after that!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on July 27, 2014, 08:44:53 PM
If you're in the negative, I feel ya. I was preceded by a minus sign just months ago. -$30k less than a year ago. Put this thread out of your mind by the 2nd of each month, and the time will fly by! We're all making great progress!
Title: Re: Race from 10 too 100k!!
Post by: lpep on July 27, 2014, 09:47:50 PM
You can just drag the calculation down like in excel, I did it for you. Impressive rate!

Thanks!

It messes up the average % calculation to have empty cells, so yeah - copy/paste is the way to go (If anyone knows how to change this... I'm not a master of spreadsheets, so let me know or feel free to change it!).

I'll keep an eye on things once the 31st hits, but I'm in Asia so might be sleeping while most of the action is happening :)
Title: Re: Race from 10 too 100k!!
Post by: Runge on July 27, 2014, 10:14:56 PM
You can just drag the calculation down like in excel, I did it for you. Impressive rate!

Tada. It's been updated. Now it will automagically populate the % change cell with a "" if there is no number in the adjacent cell to the left. Also, once you enter in a number, the % will appear correctly.

Thanks!

It messes up the average % calculation to have empty cells, so yeah - copy/paste is the way to go (If anyone knows how to change this... I'm not a master of spreadsheets, so let me know or feel free to change it!).

I'll keep an eye on things once the 31st hits, but I'm in Asia so might be sleeping while most of the action is happening :)


Tada. It's been updated. No more need to copy and paste for new people.
Title: Re: Race from 10 too 100k!!
Post by: lpep on July 27, 2014, 10:17:58 PM
AWESOME!!!!

I'm thinking of adding a "ranks" column, so as the months go by we can have "previous rank" and "current rank" and see how the standings change... opinions?
Title: Re: Race from 10 too 100k!!
Post by: peppermint on July 28, 2014, 08:39:26 PM
Oh man, now that there is a spreadsheet, I feel some pressure!
My % savings rate has not been that high. A lot of what I do have was wisely socked away while working before grad school, awhile ago. But we'll see :)
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on July 29, 2014, 12:17:48 PM
You guys are awesome, I wanna play too!

Assets: 53,480.25

Liabilities: 21,438.33

Net Worth: 32,041.92
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on July 29, 2014, 02:24:10 PM
AWESOME!!!!

I'm thinking of adding a "ranks" column, so as the months go by we can have "previous rank" and "current rank" and see how the standings change... opinions?
I was thinking when you first said "ranks" that it would be on the size of our stash.  It would be interesting perhaps to suggest a few names on our way towards our first $100,000.

<$0 New pack of razors
$0 Putting down the razor
$1-$10,000 Peach Fuzz
$10,000-$25,000 5 o'clock shadow
$25,000-$50,000 Second day no shave
$50,000-$99,999 Pencil stash
$100,000+ Handle Bars

Or something like that.  I'm sure someone else could come up with better ranks.  Then we graduate to the race to $1 million thread :-D
Title: Re: Race from 10 too 100k!!
Post by: Runge on July 29, 2014, 02:31:45 PM
AWESOME!!!!

I'm thinking of adding a "ranks" column, so as the months go by we can have "previous rank" and "current rank" and see how the standings change... opinions?
I was thinking when you first said "ranks" that it would be on the size of our stash.  It would be interesting perhaps to suggest a few names on our way towards our first $100,000.

<$0 New pack of razors
$0 Putting down the razor
$1-$10,000 Peach Fuzz
$10,000-$25,000 5 o'clock shadow
$25,000-$50,000 Second day no shave
$50,000-$99,999 Pencil stash
$100,000+ Handle Bars

Or something like that.  I'm sure someone else could come up with better ranks.  Then we graduate to the race to $1 million thread :-D

Love it, and it would be super easy to implement (at least for me... :P)
Title: Re: Race from 10 too 100k!!
Post by: isaacfcb1 on July 29, 2014, 06:39:13 PM
Just can't wait to someone on here breaks the 100k mark, it will feel as if we all won!
Title: Re: Race from 10 too 100k!!
Post by: lpep on July 30, 2014, 12:34:20 AM
Love it, and it would be super easy to implement (at least for me... :P)

You're doing things I never knew a spreadsheet could do.

You're in charge. I'll pass the torch to you, if you want it!
Title: Re: Race from 10 too 100k!!
Post by: Runge on July 30, 2014, 06:58:56 AM
Hah, yeah if that's too demoralizing, we can change it. Don't want to put anyone down! We're here for motivation and encouragement, not chastisement.

Love it, and it would be super easy to implement (at least for me... :P)

You're doing things I never knew a spreadsheet could do.

You're in charge. I'll pass the torch to you, if you want it!

I wouldn't mind keeping an eye on things.

Spreadsheets are simply amazing things. Only reason I know how to do various things is by having a need/want for a spreadsheet, and then looking through the function list while using my imagination. If someone knows a better way of doing what I've done, please let me know. I'm all for learning more efficient way of spreadsheeting.
Title: Re: Race from 10 too 100k!!
Post by: MoneyRx on July 30, 2014, 08:01:52 AM
Had to join the forums for this challenge!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on July 30, 2014, 10:28:12 AM
Had to join the forums for this challenge!

Welcome here, a great place to get motivation from many others who are in similar situations.  Wish you the best.
Title: Re: Race from 10 too 100k!!
Post by: brisbella on July 31, 2014, 01:30:38 AM
I've joined in, this challenge looks like a really good motivator. I don't think i'll be able to add more than $15K per year, but it'll be great watching it grow.

I just hope I haven't messed up the spreadsheet!
Title: Re: Race from 10 too 100k!!
Post by: Imustacheyouaquestion on July 31, 2014, 09:22:11 AM
Just updated my July figure. Looking forward to August - three paychecks should push me forward a bit :)
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on July 31, 2014, 12:21:42 PM

I know Mint uses Zillow to calculate home value, and I suspect it grossly overestimates, but for consistency sake, I just go with it.

My goal for 2014 for Net Worth was a whopping -$37K. My stretch goal was -$30K. I might make it!

My experience so far is that it underestimated, but this is my anecdotal evidence of 1 house purchase.  Our house was listed on Zillow at $216k, we paid $219k, but the appraisal came in at $225k.  It has now gone up to $223k.  YMMV
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on July 31, 2014, 08:11:33 PM
Updated my progress for July 31st. It was a pretty good month, and my increase was a whopping 49%. Helps to be starting pretty low, though! Broke through 5k, though so that's something!
Title: Re: Race from 10 too 100k!!
Post by: Suit on July 31, 2014, 09:09:25 PM
My percent increase didn't calculate itself, I looked at the formula but couldn't figure out why…anyone else know why?

Also, bad end of the month for my stocks :/ At least they're on sale for my next purchases, right?
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on July 31, 2014, 11:25:53 PM
Also, bad end of the month for my stocks :/ At least they're on sale for my next purchases, right?

Haha, I noticed that too when I logged in to my 401k and IRA today to crunch for this thread. Today was not a good day to calculate NW. ;).
Title: Re: Race from 10 too 100k!!
Post by: Paulie on August 01, 2014, 01:25:19 AM
Yes! I would like to be in as well! I only included the money I have in investments, since pensions are very different here and I will use the cash I have for a deposit on a house soon. It's also depending a bit on the usd/euro currency, since I save in Euro's.

Wishing you all good luck!
Title: Re: Race from 10 too 100k!!
Post by: Runge on August 01, 2014, 08:29:26 AM
My percent increase didn't calculate itself, I looked at the formula but couldn't figure out why…anyone else know why?

Also, bad end of the month for my stocks :/ At least they're on sale for my next purchases, right?

Suit, your percent increase did calculate itself from what I can see. Although someone may have fixed it before I could check. :D
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 01, 2014, 11:17:30 AM
I adjusted mine a little bit to report more accurately my Net Worth on the last day of the month rather than updating on the first of the month.  June is now $48,054.09, and July is $48,615.09.  There are two main reasons for such a paltry increase, 1) In-laws in Taiwan ordered around $800 of stuff so that is sitting as a debt, but I don't have an off-category for them, it will slowly fix itself overtime or the next time we visit. 2) Stocks went on sale the last two days of the month resulting in a small loss.

Stocks falling at the end of the month give me a bitter-sweet feeling, it hurts my net worth count, but it also means I can buy more shares on the 1st than I would have been able to!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 01, 2014, 11:18:38 AM
Lol, I just read the ranking names, that's a much better <$0 than I had come up with.
Title: Re: Race from 10 too 100k!!
Post by: lpep on August 01, 2014, 06:16:46 PM
Suit, your percent increase did calculate itself from what I can see. Although someone may have fixed it before I could check. :D

Yeah, I got it.

Quote
Stocks went on sale the last two days of the month resulting in a small loss.

I LOVE THIS. I just threw another $1k into my IRA to take advantage of the sale :)
Title: Re: Race from 10 too 100k!!
Post by: isaacfcb1 on August 01, 2014, 09:41:13 PM
completely forgot to add a CD i had left alone because of other options ha but now it matured! that with a couple paycheck, and as well as starting at a low total in the beginning all account for a 40% increas woohoo!
Title: Re: Race from 10 too 100k!!
Post by: Tieke on August 01, 2014, 10:18:45 PM
I also forgot some shares I've got, which are worth roughly $3000 (they were a gift and not something I'd ever have invested in).  So my funds are going to take a slightly misleading jump again this month.  Yay for finding the spare change down the back of the couch though!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 02, 2014, 12:41:18 AM
Looks like as a group we had a pretty solid July. Way to go guys...
Title: Re: Race from 10 too 100k!!
Post by: peppermint on August 02, 2014, 11:36:49 AM
I started out high, but I know I won't have big gains in this challenge. At least it will be a motivation to have the % keep going upwards :)
Title: Re: Race from 10 too 100k!!
Post by: The knitter on August 02, 2014, 12:12:35 PM
Is it too late to join in?

It looks like anyone with a mortgage is including the value of their home in the networth calculation? I don't typically do that (because the big negative numbers motivate me more), but for purposes of comparison I'll do that here with my numbers.

Also, it's my numbers joint with my husband because it's just easier to track for us.

Liabilities:
(Mortgage, remaining car loan): $215,289.72

Assets:
(Home value (estimated at about 20k less than what Zillow lists), IRAs, 401Ks, Index Funds, bank accounts): $264,334.2

Net Worth: $49,044.48

This doesn't feel like an accurate number to me, because I owe so much on my house still and I can't use retirement accounts to pay the mortgage payments. Does it throw off your numbers if i use my networth without including my home value? It seems more realistic to me.
(It would also make me last, with -150,000~)
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on August 02, 2014, 02:48:46 PM
Saw My NW drop off about $500, but I finally paid off the last credit card.  I'm now debt free and can only go up.  Feels weird :/
Title: Re: Race from 10 too 100k!!
Post by: Runge on August 02, 2014, 04:07:17 PM
Well, my NW also took a temporary hit due to the markets dropping just for the last day of the month. Annoying.

My IRA contribution increase goes into effect this month, so hopefully I'll start climbing faster.

$12,178.92
Title: Re: Race from 10 too 100k!!
Post by: Lord Cashmoney on August 02, 2014, 06:49:37 PM
Lord Cashmoney reporting with official tallies for August! Here were the new results compared side-by-side with July numbers which will be in this nice blue.

Official Beginning-of-August Number:   July
$-16,657.94   $-23,237.77

(Liabilities)
Student Loan Debts: $-34,190.76   $-34,623.03
Credit Cards: $-8,012.43   $-11,335.51

(Assets)
Cash: $6255.71   $7,791.68
Investments: $19,289.54    $11,929.09

A pretty good month, if I do say so myself! Credit card debt is down by $3,323.08, and student debt by $432.27. Markets were also down though, and I'm currently biased towards Amazon.com stock by virtue of employment. Market reaction to Amazon's financials report wasn't kind. I did gain a significant $7,128.63 boost by remembering to count a "forgotten" investment this month though! Next month should see an equally large drop in credit card debt. I would be shocked it I can't have it fully taken care of by October's end. Maybe a better idea would be to redirect some of the non-401(k) investment money towards obliterating it completely by September.

Keep up the good work everyone! This is a truly amazing race!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 02, 2014, 10:05:30 PM
Saw My NW drop off about $500, but I finally paid off the last credit card.  I'm now debt free and can only go up.  Feels weird :/

Awesome. It'll be nice when I get to the point that I only have to use the + to calculate NW.
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 04, 2014, 01:24:03 PM
Just found out that my wife has $10k in some sort of investment in her home country which yields about 5% a year, this is going to boost my number up for next month.

Saw My NW drop off about $500, but I finally paid off the last credit card.  I'm now debt free and can only go up.  Feels weird :/

I'm curious as to why your net worth would drop by paying off a credit card?  Credit cards are liabilities that should already be calculated into your net worth.  Paying off the credit card would just be a transfer of assets and wouldn't affect your net worth.  I generally run between $500-$2,000 on my credit cards through a month and those are all factored into my net worth, this way I'm not robbing Peter to pay Paul.
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on August 05, 2014, 01:16:21 AM
Savings $75k
Student loans -$71k

Net worth $4k

Savings $79k
Student loans -$69k

Net worth $10k

Aug
Savings $80,613
Student loans -$67,363

Net worth $13,250

Edit: could someone update the doc for me??? I only have an ipad and can't figure out how to update my numbers using it. Thanks!!
Title: Re: Race from 10 too 100k!!
Post by: Runge on August 05, 2014, 07:25:33 AM
Aug
Savings $80,613
Student loans -$67,363

Net worth $13,250

Edit: could someone update the doc for me??? I only have an ipad and can't figure out how to update my numbers using it. Thanks!!

Done!
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on August 05, 2014, 05:22:47 PM
Just found out that my wife has $10k in some sort of investment in her home country which yields about 5% a year, this is going to boost my number up for next month.

Saw My NW drop off about $500, but I finally paid off the last credit card.  I'm now debt free and can only go up.  Feels weird :/

I'm curious as to why your net worth would drop by paying off a credit card?  Credit cards are liabilities that should already be calculated into your net worth.  Paying off the credit card would just be a transfer of assets and wouldn't affect your net worth.  I generally run between $500-$2,000 on my credit cards through a month and those are all factored into my net worth, this way I'm not robbing Peter to pay Paul.

You are right.  It baffled me at first.  I did see my investments decide to take a nose-dive at the end of the month.  That seems like it always happens LOL
Title: Re: Race from 10 too 100k!!
Post by: MoneyRx on August 07, 2014, 09:32:55 AM
Is it too late to join in?

It looks like anyone with a mortgage is including the value of their home in the networth calculation? I don't typically do that (because the big negative numbers motivate me more), but for purposes of comparison I'll do that here with my numbers.

Also, it's my numbers joint with my husband because it's just easier to track for us.

Liabilities:
(Mortgage, remaining car loan): $215,289.72

Assets:
(Home value (estimated at about 20k less than what Zillow lists), IRAs, 401Ks, Index Funds, bank accounts): $264,334.2

Net Worth: $49,044.48

This doesn't feel like an accurate number to me, because I owe so much on my house still and I can't use retirement accounts to pay the mortgage payments. Does it throw off your numbers if i use my networth without including my home value? It seems more realistic to me.
(It would also make me last, with -150,000~)

Since the document is tracking net worth, you would add in your home value and be at 49k, not -150k. You owe on your house, but if you had to, you could sell the house and erase the debt.
Title: Re: Race from 10 too 100k!!
Post by: NBBay7 on August 07, 2014, 10:31:28 AM
I'm in :O  Must kill student loans!!!

NW at beginning of 2014: -8,000
NW end of June: about 3000
NW now: about 5000

I discovered MMM in June and haven't looked back!

Thank you for spearheading this challenge, let's keep it going!!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 07, 2014, 12:32:46 PM
I'm in :O  Must kill student loans!!!

NW at beginning of 2014: -8,000
NW end of June: about 3000
NW now: about 5000

I discovered MMM in June and haven't looked back!

Thank you for spearheading this challenge, let's keep it going!!

Yes. Student loans must die! And, welcome! 
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 07, 2014, 01:36:40 PM
Is it too late to join in?

It looks like anyone with a mortgage is including the value of their home in the networth calculation? I don't typically do that (because the big negative numbers motivate me more), but for purposes of comparison I'll do that here with my numbers.

Also, it's my numbers joint with my husband because it's just easier to track for us.

Liabilities:
(Mortgage, remaining car loan): $215,289.72

Assets:
(Home value (estimated at about 20k less than what Zillow lists), IRAs, 401Ks, Index Funds, bank accounts): $264,334.2

Net Worth: $49,044.48

This doesn't feel like an accurate number to me, because I owe so much on my house still and I can't use retirement accounts to pay the mortgage payments. Does it throw off your numbers if i use my networth without including my home value? It seems more realistic to me.
(It would also make me last, with -150,000~)

Since the document is tracking net worth, you would add in your home value and be at 49k, not -150k. You owe on your house, but if you had to, you could sell the house and erase the debt.

I agree with MoneyRx on this, you should include the house.  If you wanted to not include the house then you shouldn't include the debt from it either, it doesn't make sense to only include the debt and not the asset (except in the case of cars because they depreciate too fast and you are basically underwater with them very soon after driving off the lot).
Title: Re: Race from 10 too 100k!!
Post by: apfroggy0408 on August 09, 2014, 10:01:53 AM
just added myself to sheet, been going down in NW since mint didn't track my student loan, but those are gone and so should start going up.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 09, 2014, 03:16:20 PM
just added myself to sheet, been going down in NW since mint didn't track my student loan, but those are gone and so should start going up.

Welcome to the "Sheet"!! Ironically, I was reading your journal when you posted. Good for you on the student loans...I hope to be there in another year or so too.
Title: Re: Race from 10 too 100k!!
Post by: Tieke on August 09, 2014, 04:12:16 PM
Just hit my first 10K this week - SUPER excited!  Since I'm 39, it's kind of terrible that this is the highest net worth I've ever had, but at least progress is all going in the right direction now.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 09, 2014, 11:34:53 PM
Just hit my first 10K this week - SUPER excited!  Since I'm 39, it's kind of terrible that this is the highest net worth I've ever had, but at least progress is all going in the right direction now.

Congrats! And don't feel too bad...I'm also 39, and my net worth is also at it's highest (~15k). :)
Title: Re: Race from 10 too 100k!!
Post by: Tieke on August 11, 2014, 03:43:35 AM
Just hit my first 10K this week - SUPER excited!  Since I'm 39, it's kind of terrible that this is the highest net worth I've ever had, but at least progress is all going in the right direction now.

Congrats! And don't feel too bad...I'm also 39, and my net worth is also at it's highest (~15k). :)

Thanks for the moral support!  Now for the next 10K, and a good bit faster this time... :)
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 11, 2014, 10:40:40 AM
Just hit my first 10K this week - SUPER excited!  Since I'm 39, it's kind of terrible that this is the highest net worth I've ever had, but at least progress is all going in the right direction now.

Congrats! And don't feel too bad...I'm also 39, and my net worth is also at it's highest (~15k). :)

Thanks for the moral support!  Now for the next 10K, and a good bit faster this time... :)

What's great about a positive net worth is that your dollars start to work for you and you Snowball.  That 10k you have this year might make 700-1200 next year on top of what you put in then.  Keep it up!
Title: Re: Race from 10 too 100k!!
Post by: Tieke on August 13, 2014, 03:37:35 AM

What's great about a positive net worth is that your dollars start to work for you and you Snowball.  That 10k you have this year might make 700-1200 next year on top of what you put in then.  Keep it up!

Good point!  I've actually got about 16K (the 10K net worth is because I have to subtract a debt) in a fund that's consistently earning around 12% interest so that'll help a good bit with the snowball effect.  Hopefully the fund won't start tanking too severely anytime soon because I could use the extra boost.
Title: Re: Race from 10 too 100k!!
Post by: MoneyRx on August 13, 2014, 07:59:00 AM
Should we add age to the spreadsheet? Not that this is a competition between anyone but myself, but I think it would be beneficial for me to see where people are in their lives.
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on August 13, 2014, 09:12:49 AM
I'd love to hop in on this.  I'm starting above 10k but 100k is a good medium term goal for me.

Snap Shot at end of July:

Debts: $0
Savings: $7,250
Retirement Accts: $29, 876

NW:  $37, 126
Title: Re: Race from 10 too 100k!!
Post by: Fonzico on August 13, 2014, 09:45:19 AM
Now that I'm officially out of the Negatives, I'm excited to join! My networth is paltry, but at least it's going in the right direction! $100,000 is still very far away, so my intermediate goal is the $30,000 we need to buy a house, but it will be fun to be in on a long-term tracking race :)

Liabilities: Zero
Assets: TFSA @ 1.3% $2,111.94
             TFSA index funds: $1,293.20
             
Net Worth: $3,405.14 Whoohoo! Rolling in it, amiright!?

On average, adding about $1,500/mo to this. But trying to get our side gig to be more profitable (running a sign/decal/t-shirt business out of our basement). It's in the black, at least, and hopefully we'll be able to start pulling some actual income from it soon.
We should most definitely be able to reach our house downpayment goal by May 2016. Maybe this competition will help us reach it sooner :)
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 13, 2014, 02:42:15 PM
I'd love to hop in on this.  I'm starting above 10k but 100k is a good medium term goal for me.

Snap Shot at end of July:

Debts: $0
Savings: $7,250
Retirement Accts: $29, 876

NW:  $37, 126

As long as you are below $100k no problem being added here.  The goal here is to eventually graduate to the $1million NW thread, although some of us may not need $1million to retire.

Now that I'm officially out of the Negatives, I'm excited to join! My networth is paltry, but at least it's going in the right direction! $100,000 is still very far away, so my intermediate goal is the $30,000 we need to buy a house, but it will be fun to be in on a long-term tracking race :)

Liabilities: Zero
Assets: TFSA @ 1.3% $2,111.94
             TFSA index funds: $1,293.20
             
Net Worth: $3,405.14 Whoohoo! Rolling in it, amiright!?

On average, adding about $1,500/mo to this. But trying to get our side gig to be more profitable (running a sign/decal/t-shirt business out of our basement). It's in the black, at least, and hopefully we'll be able to start pulling some actual income from it soon.
We should most definitely be able to reach our house downpayment goal by May 2016. Maybe this competition will help us reach it sooner :)

Just as with Wiggle as long as you are below $100k NW we're glad to have you here.  Some here are still bleeding.  A house is a great first goal, the purchase may have you take a hit to your NW but that's just the cost of doing business, it'll rebound in no time as you continue to save.  Good luck on the side business, they can be fun.

Another thread to checkout is the Long Term NW Goal (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/gauntlet-long-term-net-worth-goals/) thread started by one of our awesome moderators.  It's fun to work out your numbers and see what you think you can achieve in the long term and push yourself to make it happen.  Not as much activity there as most update annually or semi-annually and participate in the other shorter term threads.
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on August 13, 2014, 06:24:00 PM
Should we add age to the spreadsheet? Not that this is a competition between anyone but myself, but I think it would be beneficial for me to see where people are in their lives.

I wouldn't mind if we were all more transparent with each other.  Knowing something like age, occupations, salaries, savings rate (we will need a uniform formula that everyone uses).  That would give us all some comparisons perhaps something to look forward to if one of us is making six-figures and saving 80%.  Plus we could come up with a possible handicap to make the race fair, but I'm one for taking every advantage I can get.

We will get to know each other pretty well over the next couple of years.
Title: Re: Race from 10 too 100k!!
Post by: lpep on August 14, 2014, 07:37:26 AM
I think this part of the thread is perfect for a little "bio" of everyone, if they want to do it. The spreadsheet should be impersonal, I think - let the numbers speak for themselves. (That is why I put in the ranking system, though - competition can be useful!)

Plus, the spreadsheet took all the numbers out of the linear posts, so this CAN be more of a conversationy area.
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 14, 2014, 12:52:56 PM
Yeah, other than the ranking on the sheet I don't see the need to add lots of personal information to it.  Sure as a person who loves numbers it would be interesting and add in hours of running numbers and such which is fun, but you can look it up on my profile too.

I'm a software engineer, 30 years old, married, and a single income family.  I make roughly $90k a year, which has increased so far every year for the past 3 or 4 years.  After taxes and healthcare deductions our take home is $4600 a month + 4 5th week paychecks.  General savings is $1100 into IRA's (will be $916 next year, but due to the move we started late), and an extra $250 towards principle on the mortgage.  Including principle on the mortgage, and evenly distributing extra savings from the 5th pay check, total savings each month is roughly $2000.  We expect to get a good tax return due to the IRA cotributions, which spread out over 12 months would increase our monthly savings to $2500.  This is all without counting increased stock values or dividend income.  We are roughly at a 50% savings rate.

Our first milestone after $100k is $300k.  At $300k we have the option to move back to Taiwan and retire due to the ridiculously low cost of living.  At that point I would say that we have enough fuck you money.  Extended goals would be to add more buffer into that number, and continue working as long as it is fun and to ease into retirement possibly by going less full time.  If we can save up to $500k, or $600k that would be ideal, we could then choose living in the States or back in Taiwan.  With some smart planning I can continue to make money working some part time gigs teaching English in Taiwan to pay for some luxuries.

I am interested in trying to lower our cost of living here.  We are living pretty well, but the largest expense is still the car.  Thinking of switching to something more fuel efficient and cheaper to insure than our BMW (2002, 130k miles bought 2 years ago for $8k, no with 163k miles and worth $4k(not included in NW) and have only added about 2500 miles this year since moving close to work).
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on August 14, 2014, 04:18:19 PM

I am interested in trying to lower our cost of living here.  We are living pretty well, but the largest expense is still the car.  Thinking of switching to something more fuel efficient and cheaper to insure than our BMW (2002, 130k miles bought 2 years ago for $8k, no with 163k miles and worth $4k(not included in NW) and have only added about 2500 miles this year since moving close to work).

I may want to help you out with that BMW.  What model is it?
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 14, 2014, 04:57:01 PM

I am interested in trying to lower our cost of living here.  We are living pretty well, but the largest expense is still the car.  Thinking of switching to something more fuel efficient and cheaper to insure than our BMW (2002, 130k miles bought 2 years ago for $8k, no with 163k miles and worth $4k(not included in NW) and have only added about 2500 miles this year since moving close to work).

I may want to help you out with that BMW.  What model is it?

It's a 525i with winter and maybe Sports package (has the M/// on the steering wheel).  Interior is immaculate, I don't believe in storing things in the car and from my road trip hippy days I was used to keeping a garbage bag around the stick and throwing it out every chance I got.
Title: Re: Race from 10 too 100k!!
Post by: brisbella on August 17, 2014, 11:29:38 PM
I am 23, female from Brisbane Australia. I'm currently studying full time at uni for a bachelor of business management and a bachelor of science dual degree. Still need to swap into the science degree after I get my chemistry and maths B. I've been at uni since start of 2013 but also did a preparation course back in 2012 for 8 months so I could get into uni. So I've been studying for about 2.5 years. 

I also work around 25hrs a week as a paralegal.
I earn approximately $35,000 - $40,000 per year before taxes.
In my earlier years I dropped out of high school and worked full time in hospitality and promo work.

All of my peers have graduated uni and are working their career-jobs now, so I do feel like I'm behind sometimes.

I live with my partner of 4.5years in a house owned by him and his brother. I pay for all of our food and he pays his mortgage. I've gotten pretty good at keeping our food bill under $100 a week.

My net worth as at 31 July 2014 is comprised of:

Shares: $9938.88
Cash: $6242.96
Superannuation: $5101.52
Vanguard Index Fund: $15603.27
and my car: $5000.00 which I didn't include in the spreadsheet.

I've always been good at savings and have learnt a lot from my parents, both of whom have RE. 

My current goal is to save $300 a week, which is hard as my take-home during school term is about $550.00/week. Been going pretty well with it though.

Don't have a retirement age or goal picked out yet, but I know I will need at least a million. I also have a personal goal which is to own a block of apartments / townhouses.  Right now my savings are going to my bank account which is earning 3.8%, my index fund, and i'm also trying to get together a deposit so I can buy a cab licence.

Look forward to reading other people bios :)
Title: Re: Race from 10 too 100k!!
Post by: Apples on August 19, 2014, 01:18:38 PM
Hi, I'd love to join.  "My" net worth is actually "our" net worth as I got married a few months ago (woo!).  I just entered rough numbers on the spreadsheet (I assume beginning net worth is from Dec 13 so it's what we started this year with?  I plan to update with exact numbers for the last two months when I get home tonight.  I think my/our net worth is a bit high for this thread (actually, I think it's the highest on the spreadsheet...), but we're only halfway there!  Assuming the market doesn't crash anytime soon, we expect our NW to increase by about $1,000/month on average at the moment, though that may change to a lower number in a few months.  Working on those darn student loans.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on August 19, 2014, 01:52:57 PM
Welcome,  Apples, and best wishes!

Is it Dec 31for the start y'all? I assumed it was May 30
Title: Re: Race from 10 too 100k!!
Post by: Apples on August 19, 2014, 02:24:56 PM
Ahhh, I just clicked around a bit on the spreadsheet and after reading your post I agree, it's probably June 1, or May 31.  Thank you, I'll go change my input!
Title: Re: Race from 10 too 100k!!
Post by: lpep on August 20, 2014, 04:46:51 AM
Welcome,  Apples, and best wishes!

Is it Dec 31for the start y'all? I assumed it was May 30

Fellow Tar Heel here :) Hark the sound!
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on August 22, 2014, 01:13:30 PM
I'd love to hop in on this.  I'm starting above 10k but 100k is a good medium term goal for me.

Snap Shot at end of July:

Debts: $0
Savings: $7,250
Retirement Accts: $29, 876

NW:  $37, 126

No more contributions for rest of month so here is my end of August update:


Debts: $0
Savings: $7,250
Retirement Accts: $31, 248

NW:  $38, 498 (increase of $1,372).
Title: Re: Race from 10 too 100k!!
Post by: Apostrophe on August 25, 2014, 07:56:12 PM
I'm in for this.

$50,646 as of 8/1/14.

Just found this site recently, and have really enjoyed many of the ideas. Reducing consumption and increasing happiness go hand in hand... who knew?!

Christopher

Title: Re: Race from 10 too 100k!!
Post by: LearningFromMistakes on August 25, 2014, 09:45:58 PM
New here, but interested in playing along. I find tracking helps a lot.

While I have only been reading MMM for a few weeks, I have had Mint for years document all of the mistakes :-)

Since thread start:
June 9th 2014: (-$34,619)
July 1st 2014: (-$35,437)
August 1st 2014: (-$24,516)
Today (August 25th 2014): $7,548
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 26, 2014, 09:29:04 AM
I'm in for this.

$50,646 as of 8/1/14.

Just found this site recently, and have really enjoyed many of the ideas. Reducing consumption and increasing happiness go hand in hand... who knew?!

Christopher

Welcome to our humble thread!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 26, 2014, 09:31:06 AM
New here, but interested in playing along. I find tracking helps a lot.

While I have only been reading MMM for a few weeks, I have had Mint for years document all of the mistakes :-)

Since thread start:
June 9th 2014: (-$34,619)
July 1st 2014: (-$35,437)
August 1st 2014: (-$24,516)
Today (August 25th 2014): $7,548

Doesn't look like you've made any mistakes in Aug so far :). Welcome!
Title: Re: Race from 10 too 100k!!
Post by: Imustacheyouaquestion on August 29, 2014, 06:40:39 AM
3-paycheck month and a nice uptick in the stock markets towards the end of the month pushed me over $31,000.

I had about $500 of medical expenses last month, paid out of my emergency fund. It will take about 6 months until my HSA has enough contributions to pay back the EF.
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on August 29, 2014, 02:31:52 PM
Now that markets are closed for the month, I can update for August. Not as good a month, ended up losing a bit in the market. Still 19% up month-over-month, closing at $6066.70.

Hopefully September will be more fruitful, as I am planning to sell some unused radio equipment and plow that money into the investments.
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 29, 2014, 04:15:54 PM
Now that stocks have closed in the US too, I've updated my accounts.

Plus I've added my Wife's secret fund: ~$10,000, it's in her native country currency, some sort of annuity, or something of their local equivalent.  This sort of artificially boosts our NW number for this month, not every month are we going to increase by finding $10k+, oh and a 5th paycheck too.

July: $48,615.09
August: $63,372.03
Title: Re: Race from 10 too 100k!!
Post by: frogger on August 29, 2014, 05:49:11 PM
With stocks closed and my income and outgo all reconciled, I'll update as well:

Liabilities reduced by $650
Assets reduced by $1750

NW for the end of August: -$9700

Bummer, but this is my last month of going backward. The new school year started this week which means I'll get paid again and be making progress from here on!
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on August 30, 2014, 03:17:04 PM
Updated for August.

Added in my HSA account.  Will be seeing my saving slow down with school starting up, but I view that as the ultimate investment with a guaranteed rate of return on a better life.

Waiting on some work reimbursement for travelling in August and more planned travel later this year.  Spent the last two weeks fighting with an "Administrative Assistant" because I booked my own travel and used my card to pay for everything instead of going through her.  Now she's dragging her feet on processing my expense reports.  Just another reason why I want to retire early and be done with BS like this...or get promoted to manager and replace her with someone that can actually do the job correctly.  Not a good end of the month for me.
Title: Re: Race from 10 too 100k!!
Post by: carozy on August 31, 2014, 09:20:38 AM
My networth went up a bit since I had an extra surprise check this month from overpaying for braces a couple of years back, plus the three paycheck month.  However, my net worth will be going down soon because I'm going to pay for the Macbook Air I bought with my Discover card.  Hopefully my checks for September will even things out.  I have some other expenses coming soon also, but I'll try to keep spending to a minimum.  I'm glad we are tracking things here as it gives me something to aim for each month.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 31, 2014, 10:55:04 AM
UPDATE! Arbitrary personal financial goal met!

I started reading MMM last spring, and by the end of the year was able to increase my net worth by 30K, from -$97K to -$67K. So, at the beginning of the year I set the goal of increasing my net worth by another 30K (to a net worth of -$37K) in 2014. My stretch goal was to make it to a net worth of -$30K in 2014.

As of August 31 2014, my base goal for 2014 has been met!!!! As you can see on the spreadsheet, I am at -$36,964.00! I know that could change at the whim of the markets, but I am stoked. I have no doubt I will meet my stretch goal, which means a net worth of zero in 2015 is totally possible! That also means that my net worth has increased 60K in the last 18 months thanks to MMM! I should send them some cookies.

Congrats! That's really very impressive, HF.
Title: Re: Race from 10 too 100k!!
Post by: Runge on August 31, 2014, 01:56:03 PM
Updated mine.

Got a bigger than normal boost this month because my IRA contributions were delayed a month due to a brokerage change, so this time I got last month's contribution plus this month's. I also increased my IRA (Simple) personal contribution from 171/mo to 500/mo, that will definitely help move things along. The markets doing well naturally always helps too.

$14,695.15 for August, up $2,515.53 from last month. Woot!
Title: Re: Race from 10 too 100k!!
Post by: Apples on August 31, 2014, 07:12:07 PM
I enjoy tracking our net worth here-it gives me some accountability (and sometimes a place to cheer) from month to month.  Because my husband just doesn't share the joy of looking at numbers change on spreadsheets for some reason. :p

Anyway: 7/31 $51,177.95
              8/31  $55,797.75

Woohoo!  The markets were certainly a help in making that large leap.  This is both the greatest % change and absolute $ change of any two months this year!  And that's all the longer that I've been tracking our NW, so that's all the data I have.  We use August's pay in September, so we will see the benefit of the 5 paycheck month next month, so I'm expecting another good leap then!  Assuming, of course, that no emergencies hit.  After that everything will calm down again.
Title: Re: Race from 10 too 100k!!
Post by: brisbella on August 31, 2014, 08:40:38 PM
Not such a good month. Had to pay $1000 for health insurance which I owed someone from long ago. Small losses in share price.  Very pleased with index fund performance though.

Overall not as nice as last month's tax windfall. Would like to see next month's balance increasing by at least $1200 instead of just $700ish.

Looks like almost everyone is doing well this month :)
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 31, 2014, 11:32:29 PM
My networth went up a bit since I had an extra surprise check this month from overpaying for braces a couple of years back, plus the three paycheck month.  However, my net worth will be going down soon because I'm going to pay for the Macbook Air I bought with my Discover card.  Hopefully my checks for September will even things out.  I have some other expenses coming soon also, but I'll try to keep spending to a minimum.  I'm glad we are tracking things here as it gives me something to aim for each month.

You're net worth doesn't change when you pay off a credit card because net worth is asset - liability, and your credit card is a liability. Whenever my friend talks about just putting stuff on the card I want to give him a MMM face punch.
Title: Re: Race from 10 too 100k!!
Post by: carozy on September 01, 2014, 04:42:53 AM
My networth went up a bit since I had an extra surprise check this month from overpaying for braces a couple of years back, plus the three paycheck month.  However, my net worth will be going down soon because I'm going to pay for the Macbook Air I bought with my Discover card.  Hopefully my checks for September will even things out.  I have some other expenses coming soon also, but I'll try to keep spending to a minimum.  I'm glad we are tracking things here as it gives me something to aim for each month.

You're net worth doesn't change when you pay off a credit card because net worth is asset - liability, and your credit card is a liability. Whenever my friend talks about just putting stuff on the card I want to give him a MMM face punch.

You're right.  I didn't realize Personal Capital deducts the credit card from the cash/retirement (assets) for me.  But now it makes sense, networth = assets - liabilities.

I bumped my cash back up over $20 with that laptop purchase, so now I can get my cash back rewards out!  :)  I think I'll just apply it to the balance though.
Title: Re: Race from 10 too 100k!!
Post by: Paulie on September 01, 2014, 08:11:23 AM
Not much changed. NW went down a bit, but that's mostly because the dollar went up and I convert it. I only include the money in my investmentaccuount here, in which I put money every month. In August however, nothing was deposited, but in September money will be deposited twice. So I expect a nice increase next month!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on September 01, 2014, 01:49:15 PM
Nothing too exciting about August...just steady as she goes. I'm glad so many are seeing real progress being made in such a short time!

Look forward to reading other people bios :)

I've worked as a radiographer in a hospital in Fort Worth for just over 2 years, FT for about 6 months now. I enjoy my career and job for the most part, although doing it FT can be exhausting at times. Also have a BA in Econ.

I rent a small apt, and only include financial items in my NW (not that anything else I own would budge the number much :)). I have one student loan left, which is the only debt I have. I refinanced it a few months ago at a lower, albeit variable, rate. I have a 401k and an IRA. My investment mix is 60/40 stocks/bonds, and 60/40 domestic/international stocks. Leaning towards just paying off the loan as fast as I can even though it's at a low IR. Haven't decided whether to add an HSA or Roth to the mix.
Title: Re: Race from 10 to 100k!!
Post by: Runge on September 01, 2014, 08:57:27 PM
OK here's my 6/30 and 7/31 net worth including retirement accounts but excluding the (theoretical) value of my home.

6/30/2014: -$6922
7/31/2014: $2291 (yay positive! - downgraded car, don't expect $9k every month!)

8/31/2014: $5896

Added a line for my entry to the spreadsheet, but not quite sure how you're doing all the determinations of rank, etc so there are a few columns in my row that I did not touch.

No worries. I got ya set up. Glad to have you join!
Title: Re: Race from 10 too 100k!!
Post by: Suit on September 02, 2014, 06:35:27 PM
Sorry, I was on vacation. I've updated mine now. It was a good month for my stocks!
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on September 04, 2014, 02:19:19 PM
Savings $75k
Student loans -$71k

Net worth $4k

Savings $79k
Student loans -$69k

Net worth $10k

Aug
Savings $80,613
Student loans -$67,363

Net worth $13,250
Sept 2014

Savings $86,540
Student loans -$67,927 (wait, what? This went up??)

Net Worth
$18,613
Title: Re: Race from 10 too 100k!!
Post by: TJ79 on September 08, 2014, 01:54:02 PM
I've updated the sheet, but want to share a little bit about myself.

I found this blog in the spring, and have been trying to reconcile a deep love for food and travel with a MMM mindset. We've already made a bunch of improvements to our budgeting/spending, but know we still have a long way to go. Looking forward to the journey together!


Assets: ~121,000
Liabilities: ~(104,000)
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on September 09, 2014, 08:36:19 PM
I have been trying to be internet anonymous, but I guess for the sake of mutual benefits of competition I will divulge. I am a 23 year old single living in the Midwest. I am a civil engineer who graduated just a year ago. I hope to become a professional within 4 years. I bike/walk to work as often as possible, but work requirements sometimes necessitates driving.

I currently have college debt from public university because I paid for my education. All money I "save" goes toward student debt.
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on September 10, 2014, 03:57:02 PM
I'm a 26 year old Electrical Engineer working for an electric utility in the great state of Texas.  I found MMM after completing a Dave Ramsey course that my office offered up, and I was looking for people that claimed Dave ruined their lives.  What I found was a bunch of cry babies that hated the guy cause they had to sell their guitar or motorcycle to pay down the debt; I believe we would call that a "hair on fire" situation. 

Prior to all of this, I worked for an engineering firm in a large city that paid me below market but claimed to make up for it with "crazy bonuses".  I worked 60-80 hours a week with no life and deteriorating health.  I lived less than 4 miles from work and I drove and it always took me at least 30 minutes to get to the office.  I left the company in the big city to live in the hill country.  I drastically reduced my expenses and got a raise to go with the new job. 

Now I'm debt-free, saving 50% of my income, and growing my career at a pace that makes my old coworkers jealous.  Their "crazy bonuses" don't even keep up with my base salary.  I invest my savings in myself first at 40% (education), 10% to cash savings accounts, 30% to stock mutual funds, and the remaining 20% to Vanguard ETF Index funds.  I'm working on a side hustle as a fee-only investment adviser by preparing for the Series 65 Exam.  If that can take off and I finish an MBA by the time I'm 30, then I may try to pursue the world of investment banking, but that's my stretch goal for the moment.
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine on September 13, 2014, 10:49:56 PM
I'd like to join - my total net worth including Superannuation (pension) is already over 100K but as I am unable to access my pension until I am 65 I'd like to focus more on my 'accessible' net worth.

My Super is 12.75% from my employer + 5% from me plus I also contribute a further 2.15% on top (all pre-tax) - I am happy with this current level of contribution and keep a fairly close eye on the investment path. I am just going to leave this as is for a while why I try to save and invest from my take home pay.

So, in June 2013 I had;

Savings: $0.00
Student Loan: -$2100.00

I paid my car off in June 2013 too (and will be keeping said car for the rest of it's life!).

Today;

Savings: $17,390

No liabilities.

NET WORTH: $17,390

I have a surgery in October (about $2750 out of pocket) but every other dollar is being saved. I aim to save at least $1700 per month - my stretch goal is $2000.

Best of luck to all!

NB - I have added myself to the spreadsheet with my NW from 08/31/14 to fit in with the monthly system.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on September 14, 2014, 11:49:38 PM
Looks like we have a few engineers! Anybody else work in healthcare?


I'd like to join - my total net worth including Superannuation (pension) is already over 100K but as I am unable to access my pension until I am 65 I'd like to focus more on my 'accessible' net worth.

My Super is 12.75% from my employer + 5% from me plus I also contribute a further 2.15% on top (all pre-tax) - I am happy with this current level of contribution and keep a fairly close eye on the investment path. I am just going to leave this as is for a while why I try to save and invest from my take home pay.

So, in June 2013 I had;

Savings: $0.00
Student Loan: -$2100.00

I paid my car off in June 2013 too (and will be keeping said car for the rest of it's life!).

Today;

Savings: $17,390

No liabilities.

NET WORTH: $17,390

I have a surgery in October (about $2750 out of pocket) but every other dollar is being saved. I aim to save at least $1700 per month - my stretch goal is $2000.

Best of luck to all!

NB - I have added myself to the spreadsheet with my NW from 08/31/14 to fit in with the monthly system.

Happy to have you Zinny! Hope to join you with no liabilities sometime next year.
Title: Re: Race from 10 too 100k!!
Post by: MoneyRx on September 18, 2014, 03:22:36 PM
Looks like we have a few engineers! Anybody else work in healthcare?

Pharmacist here. Currently on a resident salary, but trying to save up ~30k between me and my wife for a down payment after I finish next June. Its tough to calculate my net worth as my wife and I currently have separate finances so I created some rules in how I calculate it.
Will be a lot more clear when I go to full salary, and my wife quits working. I want her to quit now, but she won't do it. Weird huh?
Title: Re: Race from 10 too 100k!!
Post by: RyeWhiskey on September 20, 2014, 09:23:34 PM
I'll join. 28 years old, make ~$24,000/year after taxes.

Current assets: $43,715
Current liabilities: $20,500 (all student loans)
Current net worth: $23,215

My personal goal is to have the loans paid off before the grace period ends (approx. March 2016).
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on September 21, 2014, 02:07:15 PM
Looks like we have a few engineers! Anybody else work in healthcare?

Pharmacist here. Currently on a resident salary, but trying to save up ~30k between me and my wife for a down payment after I finish next June. Its tough to calculate my net worth as my wife and I currently have separate finances so I created some rules in how I calculate it.
Will be a lot more clear when I go to full salary, and my wife quits working. I want her to quit now, but she won't do it. Weird huh?

Haha, sounds like a keeper! Pharmacy is a long track. Congrats on being so close to the finish line! Good luck with your goals.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on September 21, 2014, 02:48:19 PM
I'll join. 28 years old, make ~$24,000/year after taxes.

Current assets: $43,715
Current liabilities: $20,500 (all student loans)
Current net worth: $23,215

My personal goal is to have the loans paid off before the grace period ends (approx. March 2016).

Let me be the first to welcome anyone with whiskey in their username :).
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on September 23, 2014, 03:30:07 PM
No more contributions for rest of month so here is my end of August update:


Debts: $0
Savings: $7,250
Retirement Accts: $31, 248

NW:  $38, 498 (increase of $1,372).

No more contributions this month and had some unexpected expenses.  Either way I still made some gains:

Debts: $0
Savings: $7,750
Retirement Accts: $31, 637

NW: $39, 387 (increase of $889)

For those who wanted to know, I am a 29 y/o Electrical Engineer.  Only started taking money a bit more seriously in last two years.
Title: Re: Race from 10 too 100k!!
Post by: coffeefueled on September 26, 2014, 11:01:05 AM
I'll join. I hit a positive net worth this year for the first time since grad school, which feels insanely awesome and insanely awful. I can't believe I waited this long to start killing the student loans. I found MMM this year and have made some pretty good progress so far, but I think $100k will be a long time in coming.

TSP: $41,0740
VTSMX: $4,368

Student loan: -$43,403
Car: -$8,292 <----my pre-MMM face punch

NW:$1,500

 
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine on September 26, 2014, 11:27:53 PM
Hi all,

I've updated my September numbers (as I've already been paid 'til end of month and I'm away with work for 2 weeks). Happy to be up $2.5K due in no small part to this and the ideas/support of the members.

I'm a 37 year old scientist for those interested.
Title: Re: Race from 10 too 100k!!
Post by: Paulie on September 30, 2014, 03:08:39 AM
I've also updated my NW!
Title: Re: Race from 10 too 100k!!
Post by: carozy on September 30, 2014, 10:42:45 AM
I made it to 10K!  I'm so happy about that.  I haven't been here in a long time.  Onward and upward!
Title: Re: Race from 10 too 100k!!
Post by: Frugal Father on September 30, 2014, 12:50:26 PM
September was a slightly embarrassing month. Our first child was born in late August, so this was my wife's first full month staying at home. In addition, we had several other unusual expenses, like our semi-annual car insurance payment. As a result, we didn't even gain $100, but at least we didn't go down. Next month, I expect our NW to drop as we pay for hospital bills, because even though my wife gave birth naturally, with no complications, and we left as soon as they would let us (just over 24 hours), apparently it will still end up costing us thousands. Thank goodness for our HSA.
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on September 30, 2014, 04:15:00 PM
Updated my numbers.  Saw a modest $700 growth.  Waiting on some reimbursement from my company for last minute travelling I did.  My investment portfolio is down 5.8% for the month.  A certain electric auto-maker is playing games with my portfolio.

Congratulations on the new baby Frugal Father!
Title: Re: Race from 10 too 100k!!
Post by: Apples on September 30, 2014, 04:27:06 PM
We use last month's income for this month's expenses/savings/investing, so we saw the benefit of a 5 paycheck month in August this month woohoo!  The markets going down were no help.  Our non-invested assets are about equal to our student loans, so our net worth changes by the amount of student loan we pay off (a lot this month) plus the bit we invest, and then I like to see how much we get helped along by the stock market.  No help this month there.  We are in our 20's for anyone curious.

Also:  Frugal Father, I wouldn't consider a full month of your wife not working, and a special time with a new child bad! Congrats!  That's the complete opposite of embarrassing!
Title: Re: Race from 10 too 100k!!
Post by: Bart1ma3u5 on September 30, 2014, 05:14:18 PM
Finally made it into positive territory at a whopping $27! Too bad it will be negative again tomorrow upon rent payment but after my next paycheck should hopefully stay positive from here on out.  I had a fairly disappointing month with many more expenses than I planned on with travel for my cousins wedding and a week at the cabin, but I was pleasantly surprised to still have an increase of over $1000!

For anyone interested in the bios I am a mechanic engineer and will turn 25 at the end of October, my original goal when joining this post was to be positive NW before then, and it looks like that will be the case :).
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on September 30, 2014, 06:30:11 PM
Not a good month, with markets down in Canada where most of my money is stashed, I saw a $200 loss in my main brokerage account. This counteracted the money I put in, so I still went up 10% month over month. I'll take it, since with the market down a bit I can get more for the same price. I'm in it for the long haul, though it still doesn't feel particularly good to to see that (fictional) value drop so much, and the drop actually helps me over the long run. Psychology is funny.

Anyway, numbers:
Net Worth $6678.72, up 10.9% from $6066.70 last month.

And now, since we're doing brief bios:

I'm a 36yr old father of 1 (soon to be 2) beautiful daughters. I work in IT support at a major Canadian university. Just got the fire for FIRE last winter after starting to use YNAB realizing how much I was wasting, then finding MMM. Started with a NW of about -$15000 last January, so progress is being made! 
Title: Re: Race from 10 too 100k!!
Post by: frogger on September 30, 2014, 07:31:57 PM
As of close of business today:

Liabilities reduced by $600
Assets increased by $1200

NW for the end of September: -$7900

Finally movement in the right direction! Next month is a three paycheck month, so I'm already looking forward to a big increase.

Bio: 31, single, teaching college part time as my first official gig out of graduate school (and salary pretty variable). Finally starting to pay down my undergrad loans (and the car) and save everything else, while I look for future work.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on September 30, 2014, 07:49:26 PM
Frugal Father, congratulations!

I love seeing all this stashing we are doing!

NW didn't go up as much this month with stocks going on sale, but I'm still happy with the 6.2% increase.

I turned 30 a month ago - so old! hahaha - and work as an OTC commodity options trader for a small shop. 
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on September 30, 2014, 09:14:15 PM
I splurged on a couple of football games and all-time favorite comedian coming to town. Nothing crazy, but it was those two things and the market finally dipped that I saw my first negative month since I started tracking my expenses. It only took a year and a half for that to happen. I think of it as a positive because my money stashed away could potentially create more money than I can currently tuck away!

Two sides to a coin...
Title: Re: Race from 10 too 100k!!
Post by: LearningFromMistakes on September 30, 2014, 11:21:41 PM
Since thread start:
June 9th 2014: (-$34,619)
July 1st 2014: (-$35,437)
August 1st 2014: (-$24,516)
Today (August 25th 2014): $7,548

October 1st 2014: $24,413
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 01, 2014, 12:20:06 AM
As others have noted, investments were a headwind for NW this month. It's all good though...managed to knock $2400 off my student loan! Happy enough with that. Congrats Frugal Father! And to everyone else as well!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on October 01, 2014, 05:58:04 PM
Well, it's interesting having the feeling of stocks on sale.  Here are my new stats:
Current NW $65268.23
Old NW $63372.03
Difference: +$1896.2

That was basically all the house.  We spent $1200+ on finally installing the French Door.  Added another $1000 to stocks when they were on sale at the beginning of last month which now appear to be an closeout bargain bin sale this month.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 01, 2014, 11:44:28 PM
Yikes. Sort of painful month. I was super excited to pass my 2014 NW goal last month, and now I still have a ways to go. This month is all about fluctuation in Zillow estimates for my house. I went from -$37 to -$42 in one month. Thanks Zillow. I know it's all fake anyway, but still.

I even hit a 55% savings rate this month, and if you don't include the house, my networth actually increased. But I started out including the house, so I need to stick with it. Hopefully it will rebound and I will still make my 2014 NW goal (a modest -$37K).

As far as bio: 36, single, attorney, paying off student loans like it's going out of style, while simultaneously trying to save for retirement.

Good grief. Apparently, Zillow is more volatile than microcap stocks. 
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on October 02, 2014, 01:38:39 AM
Oct 2014

Savings $89,520
SL -$67,477

NW $22,043

Congrats on the baby!! I'm due in 4 weeks, with my third. I'm a sahm, my hubby is an army lawyer (JAG) and we live on Oahu.

Also, could someone please please please update my numbers every month??? Please :-) I have no clue how to update from my ipad. Thanks!!! And thanks to Runge for doing this last time!!!
Title: Re: Race from 10 too 100k!!
Post by: MoneyRx on October 03, 2014, 11:03:31 AM
It is really amazing how many people are starting out this journey with a negative net worth. Just want to encourage those people that paying off the debt is the best way to build NW. It frees up cash flows and provides guaranteed returns.

Well, there is still the debate of whether or not to pay off low interest debt first (student loans/mortgage) or invest in the market.

Personally, this year I am saving for a down payment on a house rather than maxing paying off student loans/investing. My loans range from 2.08%-6.8%. I want to own a house next year rather than throwing my money away on rent.
Title: Re: Race from 10 too 100k!!
Post by: peppermint on October 03, 2014, 11:05:48 AM
Down a little bit this month, due to animal medical bills (my cat got diagnosed with cancer :(((( )
Title: Re: Race from 10 too 100k!!
Post by: carozy on October 03, 2014, 11:17:42 AM
Down a little bit this month, due to animal medical bills (my cat got diagnosed with cancer :(((( )

Sorry to hear about your cat.
Title: Re: Race from 10 too 100k!!
Post by: Runge on October 04, 2014, 09:52:15 AM
Finally able to post my official numbers. My brokerage company for my IRA is slow getting the statements out.

Like everyone else, my investments were on sale, but the good thing is that I was able to buy another $2k worth of VTSAX, so that's cool. A certain electric auto-maker is also screwing with my numbers, but ya know, that's cool too I suppose. Right now I'm just trying to get my asset allocation set up properly.

quick bio: 25 y/o Mechanical Engineer. Just bought a house 6 months ago, so I've got plenty of money being spent on fixing it up and such, but such is life. This month has been EXTREMELY busy at work, and it's not looking like it'll let up any time soon...maybe I can negotiate a pay increase for the extra stress/time?

Here's the official quarterly numbers:
Total NW
2014Q2: $12600.37
2014Q3: $14534.10 (+15.3%)
Title: Re: Race from 10 too 100k!!
Post by: Tieke on October 09, 2014, 01:57:08 AM
Just got a chance to do my update: my progress is steady at the moment, but I just finished paying off my student loan last week so that's a huge landmark for me.  Onwards and upwards from here, I hope! 

My bio: single 40 year old university teacher.  Low salary at the moment (in proportion to a lot of other university teaching jobs) but this is somewhat balanced by having no kids.  I'm unlikely to see a significant pay rise in the next 5 years owing to the scarcity of jobs in my field, so the moustache is all important...
Title: Re: Race from 10 too 100k!!
Post by: Apples on October 09, 2014, 06:38:27 AM
KatyNZ congrats on paying off your student loan!  That's a great accomplishment!  I can't wait until we can do that next year :)
Title: Re: Race from 10 too 100k!!
Post by: Primm on October 09, 2014, 04:18:41 PM
Just added my details to the spreadsheet. I haven't included retirement accounts (untouchable until I'm 65), or house value / mortgage. Just personal bank accounts and credit cards. Unfortunately right now I'm in the red by a considerable amount still, but since my starting amount was considerably worse than today when I first started reading MMM (only 7 months ago? That's gone quick!) I figure it will only take me a little while to at least get back to zero. Then I can start building! 
Title: Re: Race from 10 too 100k!!
Post by: Tieke on October 09, 2014, 08:52:54 PM
KatyNZ congrats on paying off your student loan!  That's a great accomplishment!  I can't wait until we can do that next year :)

Thanks Apples! :)  Sounds like you're nearly there if yours is lined up for 2015.  Hope you enjoy watching the finish line coming into view - it's a great feeling when you get there!
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on October 14, 2014, 05:09:49 PM
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.

I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.

I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.
Title: Re: Race from 10 too 100k!!
Post by: VirginiaBob on October 14, 2014, 05:20:31 PM
Ok I'm starting at 2,245 dollars on 14-October, 7:20 pm eastern. 
Title: Re: Race from 10 too 100k!!
Post by: VirginiaBob on October 14, 2014, 05:22:03 PM
Wow, I just won the lucky lotto for 250k at 7:22 pm on 14-October.  I guess I win.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 14, 2014, 11:25:15 PM
KatyNZ congrats on paying off your student loan!  That's a great accomplishment!  I can't wait until we can do that next year :)

You and I both! Congrats KatyNZ/RovingKiwi!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 14, 2014, 11:34:08 PM
Just added my details to the spreadsheet. I haven't included retirement accounts (untouchable until I'm 65), or house value / mortgage. Just personal bank accounts and credit cards. Unfortunately right now I'm in the red by a considerable amount still, but since my starting amount was considerably worse than today when I first started reading MMM (only 7 months ago? That's gone quick!) I figure it will only take me a little while to at least get back to zero. Then I can start building!

Welcome to the thread, Primm!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 14, 2014, 11:42:32 PM
Wow, I just won the lucky lotto for 250k at 7:22 pm on 14-October.  I guess I win.

A 2 minute mustache? I'm...jealous, Bob. Congratulations!
Title: Re: Race from 10 too 100k!!
Post by: Tieke on October 15, 2014, 01:02:01 AM
KatyNZ congrats on paying off your student loan!  That's a great accomplishment!  I can't wait until we can do that next year :)

You and I both! Congrats KatyNZ/RovingKiwi!

Thanks, SpareChange -  hope your own loan disappears at rapid pace!  And good spotting on the name change - just thought I'd move  to something slightly more anonymous.  NZ is a very small place...
Title: Re: Race from 10 too 100k!!
Post by: Paulie on October 15, 2014, 07:15:26 AM
Wow, I just won the lucky lotto for 250k at 7:22 pm on 14-October.  I guess I win.

What were you doing buying lotto tickets?

No I'm just kidding, that's amazing! Congratulations!!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 16, 2014, 01:08:05 AM
KatyNZ congrats on paying off your student loan!  That's a great accomplishment!  I can't wait until we can do that next year :)

You and I both! Congrats KatyNZ/RovingKiwi!

Thanks, SpareChange -  hope your own loan disappears at rapid pace!  And good spotting on the name change - just thought I'd move  to something slightly more anonymous.  NZ is a very small place...

...as is the world, I'm afraid. I have an old friend who married an expat Kiwi :).


Bio update. Several people have posted their ages, family status, etc. I suppose I should own up to being about 3 weeks from turning 40. Single, no kids. Should earn about $70k next year. Hoping to save about $41.5k of that.
Title: Re: Race from 10 too 100k!!
Post by: MoneyRx on October 16, 2014, 09:05:12 AM
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.

I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.

I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.

This is a good point and I am sure there are other things as well that wouldn't exactly allow us to compare apples to apples. (Some have mentioned counting/not counting assets such as car, boat, etc., counting a spouses 401k, and others) 

I would point out though, that a lot of people planning on early retirement will be attempting to successfully remove funds from 401k tax free through roth conversion, so although it isn't immediately available at the current value, it may still actually be worth what is in the account.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 16, 2014, 10:36:56 AM
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.

I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.

I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.

I agree with what Money said. It is a good point. It's just a little too hard to predict future tax rates, when you will withdraw the money, will you do Roth conversions, etc for us to know which is the apple and which is the orange. My own 401k and IRA are the pretax versions. I'm confident I'll end up paying a lower tax rate on the money than I would have in the present. 
Title: Re: Race from 10 too 100k!!
Post by: ash7962 on October 16, 2014, 01:33:40 PM
I'd like to join too!! I already added myself to the spreadsheet (I love spreadsheets and I was excited).  Also, compliments to the people who built and have been managing the spreadsheet, looks wonderful!  Got some ideas to add to my own personal spreadsheet :). 

Anwyay, my NW at the beginning of July was 30,284$.  I found MMM in June, read all the posts like an woman obsessed, then started my slow way towards reducing my expenses and moving more towards investing.  So, I'm a 25 yr old software developer (degree in Comp Sci), and I work in the financial industry.  I was lucky enough to start out life with no loans (thank you parents), so I have given myself a goal of retiring by the time I am 35!  I'm not sure that I'll make it but I think its good to have something to push for.  Mid last month I updated my 401k contributions to 729$/pay period so that I will max out the 401k next year.  I expect to be contributing about 1458-1900 every month.  Stupid crazy Chicago rent is killing my budget, but I plan on moving in with my SO after next year so hoping that will go down!  If that doesn't pan out I will probably move myself further out of the city since Chicago has pretty great public transit options.  Anyway, love the thread and good luck to everyone!
Title: Re: Race from 10 too 100k!!
Post by: trailrated on October 16, 2014, 02:12:26 PM
This thread is F-ing awesome!!! Can't believe it took me this long to actually look at it. I have a bit of a head start but just added myself to the spreadsheet anyways. Thanks for putting this together :)
Title: Re: Race from 10 too 100k!!
Post by: ChickenMonster7 on October 16, 2014, 04:03:05 PM
Hello all! New to the forums here. I found MMM in Spring 2014. Currently at 33k ish, but I have about 9 months until I have a job so you guys better take advantage of the head start because once Summer 2015 comes around imma be ramping up my savings.
Title: Re: Race from 10 too 100k!!
Post by: VirginiaBob on October 16, 2014, 08:35:15 PM
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.

I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.

I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.

I'm starting to wonder if a Roth has any benefit at all over a traditional.  As long as your deductions/exemptions equals your withdrawals, your taxes on the traditional will be $0.  So enjoy the tax benefits of the traditional now in your high earning years and don't pay any taxes later. Win win.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on October 17, 2014, 08:27:27 AM
Adding myself to this. Started with an investment account and a car (approx $8k). Latest has me at $16,982.66 (as of the end of last month).
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on October 20, 2014, 01:22:05 PM
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.

I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.

I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.

I'm starting to wonder if a Roth has any benefit at all over a traditional.  As long as your deductions/exemptions equals your withdrawals, your taxes on the traditional will be $0.  So enjoy the tax benefits of the traditional now in your high earning years and don't pay any taxes later. Win win.

This assumes that all your income in retirement is under deductions/exemptions. Standard deduction for married plus 2 exemptions is  12,400 + 3,950 + 3,950 = $20,300 for 2014. When you consider regular 401k has minimum withdraw plus maybe some income from hobbies plus maybe some rental income plus SSI it would be easy to be over $20,300 in income in retirement. Also don't forget the taxes on growth! Look at scenario below

Regular 401k:  contribute $17,500; taxes -$4,375
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $209,566

Roth 401K: contribute $17,500; taxes $0
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $0

Your numbers there again are assuming that you withdrawl the entire 401k at once, rather than over a period of time, and doesn't include the current tax savings which then gets invested into non-tax advantaged accounts.  Since the $4,375 in savings would then go towards other investments here is how the example should work out:

Regular 401k:  contribute $17,500; taxes -$4,375
- wait 40 years at 11%
- Balance of 401k $1,397,104
- Balance from investing the tax savings $349,276
- Potential taxes @ 15% = $258912 *note long terms capital gains currently around 10%, but just keeping the example simple, also you forgot to exclude the $20,300 deduction from your original calculations
- Total Balance after $1,487,468

Roth 401K: contribute $17,500; taxes $0
- wait 40 years at 11%
- Balance $1,397,104
- No investment of tax savings
- Potential taxes @ 15% = $0
- Total Balance $1,397,104

Difference $90,364

That is without any optimizations in withdrawal, such as doing roth conversions during low earning years, and taking advantage of long term capital gains taxes being lower.  This is a per year example, so bring this over a 10 year working period and suddenly we are looking at possibly an extra million dollars or more.
Title: Re: Race from 10 too 100k!!
Post by: dusty on October 31, 2014, 06:36:22 AM
Hi there Isaac CBF.

I initially joined in with the challenge on day one then went to sea with my boat and have  been busy. Anywho, a lot of time at sea has allowed me to save / invest + a little bump from the market and my net worth is now 28k, up from 12k in july!!!!!!  More money than I have ever been worth!

Keep at it all, I would love to see a total of combined worth of everyone at the end of the year to see the money retained in individuals pocket's 
Title: Re: Race from 10 too 100k!!
Post by: Primm on October 31, 2014, 07:57:15 AM
-$13,008. Goddam it, I wish I'd noticed that in time to take my change jar (containing $50+) to the bank today, and push me into the -$12k amount. Oh well, next time. :)
Title: Re: Race from 10 too 100k!!
Post by: carozy on October 31, 2014, 09:51:27 AM
I'm really glad we're tracking.  It's good to see it grow!  I'm at $11,419 now, up from about $7,267 when we started.

A little about me: I work in admin at a funeral home.  I like to write on the side and hope to some day self-publish and increase my income that way too.  I work in SF but I'm staying out of the city with my parents for a few months to save up money, and then I'll probably move back to the city.  Rent is cheaper out of the city but then I have to factor in commuting cost and time on Bart.

Because of MMM I've gotten myself out of debt and am saving up my emergency fund.  My goal for 2015 is to start investing regularly.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 31, 2014, 11:19:32 AM
-$13,008. Goddam it, I wish I'd noticed that in time to take my change jar (containing $50+) to the bank today, and push me into the -$12k amount. Oh well, next time. :)

Hey now, don't short yourself...those coins count the same whether they're in a bank account or between your couch cushions. :)
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 31, 2014, 11:21:44 AM
I'm really glad we're tracking.  It's good to see it grow!  I'm at $11,419 now, up from about $7,267 when we started.

A little about me: I work in admin at a funeral home.  I like to write on the side and hope to some day self-publish and increase my income that way too.  I work in SF but I'm staying out of the city with my parents for a few months to save up money, and then I'll probably move back to the city.  Rent is cheaper out of the city but then I have to factor in commuting cost and time on Bart.

Because of MMM I've gotten myself out of debt and am saving up my emergency fund.  My goal for 2015 is to start investing regularly.

Sounds like you have a solid plan. You're doing great. Slow and steady!
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on October 31, 2014, 11:25:27 AM
Slipped backwards about $300 this month. Breaking news: moving is expensive! Deposit + rent + needed items (no furniture, no bed, no food) was just about $4000.
Title: Re: Race from 10 too 100k!!
Post by: MWM1220 on October 31, 2014, 11:56:26 AM
Is it too late to join in???? I know i won't "Win" but it will be fun to track?
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 31, 2014, 12:08:11 PM
Is it too late to join in???? I know i won't "Win" but it will be fun to track?

Of course you can join! Tracking really does help. Welcome!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 31, 2014, 12:14:58 PM
3 paycheck month :). Next month won't be as nice...about time to buy a new set of tires for the car, and I will probably buy a new road bike. Happy Halloween!
Title: Re: Race from 10 too 100k!!
Post by: frogger on October 31, 2014, 06:37:04 PM
Three paycheck month for me as well! I didn't do too bad.

Oct.: -$7900
Nov.: -$3100

Up $4800. Next month I'll be able to do the less than (more than? damn negative numbers) -$1000 dance!
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine on October 31, 2014, 11:10:00 PM
Hi all,

I'm up $2750 this month. Next month I have some out of pocket medical expenses to cover so will probably go backwards (or hopefully just stay at this level). Can't be helped!

Good luck to all and keep it up!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on November 01, 2014, 02:56:00 AM
5 Paycheck month really makes my savings look good, plus this last week stocks stopped being on sale.

Sep: $65,263.85
Oct: $70,999.50

Increase: $5,735.65

Been really happily surprised about how fast this is going up now.  Compound interest is great.  Also I hit my first $10,000 in a single Vanguard Index fund and changed to Admiral Shares.  Looks like I may have been a little too pessimistic in the long term net worth thread.

Next month my Sister in Laws are paying us back (we live in different countries and often trade favors in each others currency until we have some other reason to transfer money, then balance the books, some things are just cheaper here).

Is it too late to join in???? I know i won't "Win" but it will be fun to track?

It's never too late to join, this is just the qualifying rounds for the $1 Million Net Worth thread :-P.
Title: Re: Race from 10 too 100k!!
Post by: engineerbell on November 01, 2014, 09:11:16 AM
Would love to join this challenge as well.  does anyone know of a website that makes these challenges easy to track and share progress.  Kinda like www.fi.tt but for  money instead of fitness.
Title: Re: Race from 10 too 100k!!
Post by: Runge on November 01, 2014, 11:56:49 AM
Glad to see more people joining, and I'm enjoying everyone's numbers keep going up!

Here's my update:
$15,784.94, up $1,250.84 from last month!

Awesome, especially since my employer switched from a bi-monthly pay cycle to every two weeks while also introducing a 2-week lag in pay. So my monthly budget has been effectively reduced and while this past month only had 1 full paycheck instead of two. So yay...but now I'm a part of the every other week crowd, so that's cool I guess. Do y'all have cookies?
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on November 02, 2014, 02:51:42 PM
Here's my update:
$14,585.04, up by $2,599.04

My huge bump is a bit misleading, I got reimbursed for a trip I took at the end of September.  I still need to file my expense reports for the month of October, so that's holding me back. 

Good news, I got my raise in October and went straight to HR to double my 401(k) contributions.
Bad news, I test drove a Porsche yesterday and I'm very tempted.  Wouldn't really affect my financial lifestyle if I did it though.
Title: Re: Race from 10 too 100k!!
Post by: Paulie on November 03, 2014, 03:43:29 AM
I'm down $500 due to the market. But the next two months will be good months because of bonuses!
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on November 03, 2014, 07:59:24 AM
Wanted to do this on the weekend, but my brokerage was down for maintenance all weekend.

Decent month. Up from ~$6680 to ~$7825, +17.19%. Nice not to fight the market, though I got about $28 of dividends, which helped counter the market instability.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on November 03, 2014, 11:29:42 AM
Steady progress :-) Up an average of $2,613.41 over the past five months. Finally got my IRA's transferred to Vanguard too! Can't wait to reach the halfway mark!
Title: Re: Race from 10 too 100k!!
Post by: kickel on November 04, 2014, 03:42:16 PM
Figured I'd put my hand in. I'm starting with somewhat of a head start.

As of today my investment and cash accounts minus all liabilities are at $68,109 (64,109 invested, and 4,000 cash). My goal is to reach $75,000 by the end of the year, which with some good market returns and a few extra gigs could be plausible.
Title: Re: Race from 10 too 100k!!
Post by: trailrated on November 05, 2014, 11:34:13 AM
I was super unmustachian and went to the Saturday World Series Game and lent my best friend $1,600 to fix his car. Next month I will be back on track
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on November 06, 2014, 08:28:10 AM

Debts: $0
Savings: $7,750
Retirement Accts: $31, 637

NW: $39, 387 (increase of $889)


End of October Update:
Cash/Savings: $2,633
Mutual Funds (non-retirement, house savings): $10,139
Work Retirement Accounts: $28,508

NW: $41,280 (increase of $1893)
Title: Re: Race from 10 too 100k!!
Post by: Hummer on November 06, 2014, 09:20:39 AM
Where is this spreadsheet everyone is talking about? I can't find it.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on November 06, 2014, 09:54:30 AM
Where is this spreadsheet everyone is talking about? I can't find it.

Page 1 Post 1.
Title: Re: Race from 10 too 100k!!
Post by: MWM1220 on November 07, 2014, 12:30:17 PM
I noticed rank is just "how close we are to 100k" which, I guess, is consistent with the idea! But I thought it'd be interesting to see, instead, improvement in net worth from the beginning, so I created a new sheet called "Growth." It's a rough start, and I suspect one of the worksheet wizards could do a lot to improve it, but if you like the idea, please jump in and make some improvements.

Or if you think this pollutes the whole contest irreparably, delete the sheet! :)

*Some might notice the odd coincidence that the creator of this new sheet is the best ranked. Totally... weird... coincidence ;)

GREAT IDEA! Love this. Thanks for doing!
Title: Re: Race from 10 to 100k!!
Post by: ohyonghao on November 07, 2014, 12:38:33 PM
6/30/2014: -$6922
7/31/2014: $2291 (yay positive! - downgraded car, don't expect $9k every month!)
8/31/2014: $5896
9/30/2014: $11,201
Changing jobs, I got a vacation payout, and a shift in when I'm paid. I also logged my quarterly changes in investment returns/dividends. Despite some (paper) losses from a rocky stock market, good dividend returns and gains in some places. If only every month was so positive!

10/31/2014: $14,610
I actually deleted some old "escrow" account information from my tracking software, which decreased my "apparent" net worth several hundred dollars, but the numbers going forward will be correct. Just a minor "apparent" setback. Not a bad month. I moved some money from savings into stocks during the 5% dip, and was pleased to see the values climb from there! Excited for 2015. Next month I can start contributing to my 401k pre-tax, plus get 4% employer match!

That's pretty awesome!  I've been just dollar cost averaging with the same amount every month, watching the stocks go on sale two months in a row.  I'm also happy to see the values coming back up.
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on November 12, 2014, 03:28:29 AM
Oct 2014

Savings $89,520
SL -$67,477

NW $22,043

Congrats on the baby!! I'm due in 4 weeks, with my third. I'm a sahm, my hubby is an army lawyer (JAG) and we live on Oahu.

Also, could someone please please please update my numbers every month??? Please :-) I have no clue how to update from my ipad. Thanks!!! And thanks to Runge for doing this last time!!!

Nov 2014

Debt 67,460
Savings 92,845

NW 25,385

This is as of the beginning of the month, when i normally calculate it. I'm just now getting around to posting it. I had my baby girl..yay!!!

Also, i actually got a windfall inheritance!! I still can't believe it..but it's true!!!

$20k, so next month is going to look awesome.. I'm going to change my race to $120k, because i feel like i'm cheating with a windfall..
Title: Re: Race from 10 too 100k!!
Post by: FoundPeace on November 12, 2014, 05:59:44 AM
Just found this thread, so I updated the spreadsheet with my numbers. I actually started my own personal spreadsheet to track my net worth in June, but I was able to guesstimate for May. It was my spreadsheet that lead me to MMM in September. It didn't change very much for me, but it helped me see that my savings rate should allow me to FIRE one day (started my first engineering job in January). I like this challenge, because it seems so obtainable.

May: $19,822
October:  $28,781

This isn't sustainable for me because I am getting an extra $1,000 per month for Per Diem while traveling for work. Also, This isn't including my 401(k) or HSA yet. I need to get that tied into my software.

Sadly, I imagine most of this money is in cash right now and will hopefully be a down payment on a house next year. Is anyone including equity or their mortgage in their net worth?
Title: Re: Race from 10 too 100k!!
Post by: Runge on November 12, 2014, 06:35:23 AM
Uh oh...

I may have broken the spreadsheet... I'll see if I can get it fixed.
Title: Re: Race from 10 too 100k!!
Post by: Runge on November 12, 2014, 07:09:16 AM
Ok, I think it's working now. Phew...
Title: Re: Race from 10 too 100k!!
Post by: FoundPeace on November 12, 2014, 07:23:07 AM
Sorry, I was trying to add the current NW column and make it self-updating. I got a little carried away and tried to make it too complicated for my skill level. Thanks for making it happen.
Title: Re: Race from 10 too 100k!!
Post by: Runge on November 12, 2014, 07:27:13 AM
Sorry, I was trying to add the current NW column and make it self-updating. I got a little carried away and tried to make it too complicated for my skill level. Thanks for making it happen.

No worries at all! I don't think it was you though, haha. I tried to add the ArrayFormula() function to the IF/Thens column and it blew up, haha.
Title: Re: Race from 10 too 100k!!
Post by: eyePod on November 12, 2014, 08:57:06 AM
Alright. I'll bite. I'm currently at $12k only counting my investment accounts. I was up around 25k, but buying a house will really cut into that. Will we come back and update our original post, or just post a new one when we have an update?

Just as an FYI, you do lose the closing costs but the down payment gets transferred to equity, so you should only see a small dip in NW = to closing costs.
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on November 12, 2014, 09:40:40 AM
Can someone explain to me how to update the chart from my ipad??? Please...
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on November 12, 2014, 10:16:14 AM
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on November 12, 2014, 11:14:09 AM
This is as of the beginning of the month, when i normally calculate it. I'm just now getting around to posting it. I had my baby girl..yay!!!

Congratulations!
Title: Re: Race from 10 too 100k!!
Post by: FoundPeace on November 12, 2014, 11:44:44 AM
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!

Or you could just download the google sheets app. https://itunes.apple.com/us/app/google-sheets/id842849113?mt=8 (https://itunes.apple.com/us/app/google-sheets/id842849113?mt=8)

Personally, I'm a fan of the computer though...
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on November 12, 2014, 02:50:40 PM
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!

Hahaha!!!

Jerk ;-)
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on November 12, 2014, 03:10:53 PM
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!

Hahaha!!!

Jerk ;-)

It maaaay have come off a bit more asshole-y than intended, at least it was taken as I meant it :).
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on November 13, 2014, 12:12:52 PM
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!

Hahaha!!!

Jerk ;-)

It maaaay have come off a bit more asshole-y than intended, at least it was taken as I meant it :).

Nah, it's all good...i was just beginning to think that maybe i was just to stoopid to figure out how to edit it..so i thought i'd ask. I don't have a pc, just my ipad. I think i'll try the app, thanks FPeace.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on November 29, 2014, 09:01:04 AM
NW up this month from 16,949.24 to 18,967.23 partially due to a correction in vehicle valuation (KBB says it's worth more than I thought it was when I guessed and now it's fixed and reflected).

Only saved 21% this month with a slew of yet more moving expenses (furniture is expensive when you have none or so I've discovered). Everything is furnished, but next month I've got the 6 month auto insurance bill of $550 + xmas gift cards so it won't be perfect, but it is getting better.
Title: Re: Race from 10 too 100k!!
Post by: Runge on November 29, 2014, 09:09:33 AM
I'm up to $16,496.95 from $15,774.94. Fairly ho-hum this month. My employer decided to introduce a 2 week lag in pay in October, and I'm feeling the effects of it this month.
Title: Re: Race from 10 too 100k!!
Post by: frogger on November 29, 2014, 12:14:59 PM
I'm going to predict -$1000 around November 2014. And let's go with -$100, $0, and $100 in December, $1000 in February...
I almost didn't make it, but a market bump, car value bump, and bonus for opening a Capital One 360 account put me at $150 for the end of the month. I have joined the land of the positive net worth! I could totes use a dancing emoticon right now!

Two more paychecks in December will put me well past $1000 by the end of the year. Peach fuzz, here I come!  :D :D :D
Title: Re: Race from 10 too 100k!!
Post by: MWM1220 on November 29, 2014, 01:25:59 PM
Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.

Anyway, went from a $6100 net worth to about $11,500! Not too shabby!
Title: Re: Race from 10 too 100k!!
Post by: Primm on November 29, 2014, 04:14:01 PM
Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.

Anyway, went from a $6100 net worth to about $11,500! Not too shabby!

Yeah, it won't even open for me. If someone could update my November numbers to -$11,503.84 that would be awesome, thank you!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on November 30, 2014, 01:15:57 PM
The spreadsheet seems to be working fine for me.  I bought a nice road bike this month, so savings weren't quite what they would have been, but I got a hell of a deal on the bike.  Used on Craigslist for $1,000, the MSRP is $4,200, has all the components I would like and came with clipless pedals and a pair of shoes.

Oct:     $70,999.50
Nov:    $73,869.62
Saved: $2,870.12

Next month our new high deductible health plan starts taking premiums, which will mean a bit of savings for us along with the adjustment done on my W-4, we should see our savings accelerate.
Title: Re: Race from 10 too 100k!!
Post by: FoundPeace on November 30, 2014, 03:35:00 PM
Integrated my 401k into my numbers this week, which added $3,740

Oct. $28,781
Nov.  $35,983

Even discounting the 401k, it was a great month!
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine on November 30, 2014, 05:42:35 PM
Hi all,

Down $1050 this month compared to last month but had some expensive medical bills (almost $5K) so not too disheartened. Back to normal savings rate now.

I haven't been including my Super (retirement) savings but they are steadily growing also (up $6K in 2 months)
Title: Re: Race from 10 too 100k!!
Post by: Primm on November 30, 2014, 05:46:18 PM
Hi all,

Down $1050 this month compared to last month but had some expensive medical bills (almost $5K) so not too disheartened. Back to normal savings rate now.

I haven't been including my Super (retirement) savings but they are steadily growing also (up $6K in 2 months)

I don't include my Super either, if I did I wouldn't be eligible for this challenge. It's just stuff I've personally saved/invested that I count.
Title: Re: Race from 10 too 100k!!
Post by: kickel on December 01, 2014, 10:17:26 AM
The spreadsheet seems to be working fine for me.  I bought a nice road bike this month, so savings weren't quite what they would have been, but I got a hell of a deal on the bike.  Used on Craigslist for $1,000, the MSRP is $4,200, has all the components I would like and came with clipless pedals and a pair of shoes.

Oct:     $70,999.50
Nov:    $73,869.62
Saved: $2,870.12

Next month our new high deductible health plan starts taking premiums, which will mean a bit of savings for us along with the adjustment done on my W-4, we should see our savings accelerate.

Sounds like a steal for the bike, well done! On another note, ohyonghao I'm right on your tail! This month I had a multi paycheck month with bonuses and commissions paying out so I saw a significant jump in savings. Since I've started taking this challenge seriously it has become easier and easier to save.  Keep up the good work all!
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on December 01, 2014, 10:53:24 AM
Another decent month. Up 17.28% to ~$9180.  I have managed to ramp up savings from $400 a month to $1200. Would like to get it to around $2000, but it'll be hard over the next year. My wife is going on maternity leave and we'll be down to 60% of her salary, so I'll have to contribute more during that time.  Not too worried about it though, more concerned about daycare costs for 2 kids when she does go back to work.
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on December 01, 2014, 02:10:04 PM
End of October Update:
Cash/Savings: $2,633
Mutual Funds (non-retirement, house savings): $10,139
Work Retirement Accounts: $28,508

NW: $41,280 (increase of $1893)

End of November Update:
Cash/Savings: $3,092
Mutual Funds (non-retirement, house savings): $10,294
Work Retirement Accounts: $28,650

NW: $42,036 (increase of $756)

Not terrible, I saved a bit of cash and added my normal amount to my work RRSPs but didn't really make any gains on those with the fluctuations.
Title: Re: Race from 10 too 100k!!
Post by: Runge on December 01, 2014, 02:23:15 PM
Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.

Anyway, went from a $6100 net worth to about $11,500! Not too shabby!

I only monitory the Net Worth tab, so I haven't really looked into the growth tab and related. I did make a few changes last month that utilized Google's ArrayFormula() formula, but it seems like it really bogs down the whole spreadsheet. I've reverted them back to normal formulas, so that should help.
Title: Re: Race from 10 too 100k!!
Post by: carozy on December 01, 2014, 04:35:13 PM
I'm trying to add in yesterday's net worth ($12,826) but it keeps crashing on me.  :(  Maybe I'll try later.

Pretty spendy lately.
Title: Re: Race from 10 too 100k!!
Post by: lpep on December 02, 2014, 07:04:39 AM
Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.

Anyway, went from a $6100 net worth to about $11,500! Not too shabby!

I only monitory the Net Worth tab, so I haven't really looked into the growth tab and related. I did make a few changes last month that utilized Google's ArrayFormula() formula, but it seems like it really bogs down the whole spreadsheet. I've reverted them back to normal formulas, so that should help.

Thanks Runge! On my (slow, janky, on-its-last-legs) computer, the net worth tab opens fine but the others are wonky - think it might be the chart.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on December 02, 2014, 01:06:15 PM
Steady as she goes month for SpareChange. I also bought a road bike this month, though it won't show up till next month in the numbers. Up $3,325.59.
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on December 02, 2014, 06:37:31 PM
Oct 2014

Savings $89,520
SL -$67,477

NW $22,043

Nov 2014

Debt 67,460
Savings 92,845

NW 25,385
$20k, so next month is going to look awesome.. I'm going to change my race to $120k, because i feel like i'm cheating with a windfall..

Dec 2014

Debt 56,171
Savings 107,209

NW 51,038
Title: Re: Race from 10 too 100k!!
Post by: Fonzico on December 06, 2014, 01:15:08 PM
No movement for me last month :( I started a new job with a very different pay schedule, resulting in me taking home about half my normal pay for the month. December should be much better though, as the new job comes with a nice pay increase!
Title: Re: Race from 10 too 100k!!
Post by: carozy on December 11, 2014, 03:42:48 PM
Can anyone fix the spreadsheet?  It crashes in Firefox and Safari continually and automatically for me.  I want to add in my November net worth ($12,826).  And see how far I've come.  Thanks.
Title: Re: Race from 10 too 100k!!
Post by: kpd905 on December 11, 2014, 07:20:50 PM
Why didn't I find this thread earlier?  I just hit $0 net worth back around July, here are my net worth numbers:

July: -2460
Aug: 1780
Sept: 9409
Oct: 10594
Nov: 17052
Dec: 21525

This comes from maxing out a 401k, a really really generous employer contribution, and huge student loan overpayments.  I tend to pay my student loans in large chunks every few months. 

I am starting a new job in a month, and my 401k contributions will be dialed back to only hit their match (8% to get 4%), while I pay as much as possible to my loans with the goal of getting rid of them by December 2015.
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on December 11, 2014, 09:47:33 PM
Why didn't I find this thread earlier?  I just hit $0 net worth back around July, here are my net worth numbers:

July: -2460
Aug: 1780
Sept: 9409
Oct: 10594
Nov: 17052
Dec: 21525

This comes from maxing out a 401k, a really really generous employer contribution, and huge student loan overpayments.  I tend to pay my student loans in large chunks every few months. 

I am starting a new job in a month, and my 401k contributions will be dialed back to only hit their match (8% to get 4%), while I pay as much as possible to my loans with the goal of getting rid of them by December 2015.

Welcome to the thread. It's a fun place to be, I find it exciting and encouraging to be with other people in a similar stage on the road to FIRE.  Things are looking up, I get all excited with each paycheck (paid weekly) to see my networth number grow throughout the month.

Happy Savings!
Title: Re: Race from 10 too 100k!!
Post by: Runge on December 12, 2014, 06:39:45 AM
Can anyone fix the spreadsheet?  It crashes in Firefox and Safari continually and automatically for me.  I want to add in my November net worth ($12,826).  And see how far I've come.  Thanks.

I tinkered with the spreadsheet some. Let me know if you're still having issues.
Title: Re: Race from 10 too 100k!!
Post by: carozy on December 12, 2014, 09:52:36 AM
Yes, unfortunately, still problems.  Although now it takes a bit longer to load but still crashes right away once loaded.  On Firefox it says "Something went wrong.  Please Reload."  (Crash) or "There's something wrong with this spreadsheet."  (Crash).  I haven't tried it on Safari because that's my personal Mac and I'm at work right now.  Thanks for adding my net worth and for trying to fix it!
Title: Re: Race from 10 too 100k!!
Post by: Runge on December 12, 2014, 10:18:11 AM
I just took out most of the arrayformula() functions, which it seems really bogs down the spreadsheet. Other than that, I'm not sure what else would slow it down. I'm not an expert on spreadsheet efficiency/optimization.
Title: Re: Race from 10 too 100k!!
Post by: Primm on December 13, 2014, 11:43:32 PM
Still not working on FF or Safari on a Mac. It appears to load but then crashes immediately on loading.
Title: Re: Race from 10 too 100k!!
Post by: Runge on December 14, 2014, 09:11:44 AM
Hmm...Try clearing your cache? It might be trying to load an older version of the spreadsheet before it updates to the newer version. If that doesn't work, I'll disable some sheets and see if we can identify the issue from that.
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on December 14, 2014, 05:10:05 PM
Still not working on FF or Safari on a Mac. It appears to load but then crashes immediately on loading.

It also crashes for me in Safari, but works 100% in Chrome. Don't have FF installed on this box. I'm running MacOS 10.9.5. 

Not a huge deal for me since I usually use Chrome, but there seems to be some incompatibility with something in the spreadsheet for Safari/FF. It's not likely a cache issue, since I can't remember the last time I fired up Safari on this machine (probably when it was Snow Leopard ;) )
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on December 14, 2014, 05:50:05 PM
Works fine for me...Chrome on a Win 7.
Title: Re: Race from 10 too 100k!!
Post by: Runge on December 15, 2014, 07:14:09 AM
Still not working on FF or Safari on a Mac. It appears to load but then crashes immediately on loading.

It also crashes for me in Safari, but works 100% in Chrome. Don't have FF installed on this box. I'm running MacOS 10.9.5. 

Not a huge deal for me since I usually use Chrome, but there seems to be some incompatibility with something in the spreadsheet for Safari/FF. It's not likely a cache issue, since I can't remember the last time I fired up Safari on this machine (probably when it was Snow Leopard ;) )

Well maybe people should be just using Chrome. :D Kidding of course. I've got it loaded up in IE, but it's super sluggish. Not sure what's going on.

I'm going to make a copy of the whole spreadsheet and then delete all of the pages except the net worth. I'll then add back in one page at a time. Maybe this will help pin-point the problem. Let me know if you still have trouble loading it.
Title: Re: Race from 10 too 100k!!
Post by: carozy on December 15, 2014, 11:30:48 AM
Thanks Runge for trying to fix it!
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on December 23, 2014, 07:21:36 AM
End of November Update:
Cash/Savings: $3,092
Mutual Funds (non-retirement, house savings): $10,294
Work Retirement Accounts: $28,650

NW: $42,036 (increase of $756)

Not terrible, I saved a bit of cash and added my normal amount to my work RRSPs but didn't really make any gains on those with the fluctuations.

Got paid early and won't be making anymore big financial moves this year so here is my end of December/end of 2014 update:
Cash/Savings: $3,805
Mutual Funds (non-retirement, house savings): $10,240
Work Retirement Accounts: $29,092

NW: $43,137 (increase of $1,101)
Title: Re: Race from 10 too 100k!!
Post by: McStache on December 25, 2014, 09:48:00 PM
Just joined in!  I was able to backdate entries using Mint.  I started at about 20k and am up to just shy of 50k.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on December 26, 2014, 12:30:47 AM
Welcome, FliXFantatier and McStache!
Title: Re: Race from 10 too 100k!!
Post by: trailrated on December 29, 2014, 04:51:53 PM
Ending the year with a large bump due to a bonus, a windfall, and some people paying me back :) Figured it won't change much in the next few days. Incredibly grateful for an amazing year.
Title: Re: Race from 10 too 100k!!
Post by: Paulie on December 31, 2014, 02:21:01 AM
Ending the year with a bit under 17k in investments. Not too bad! At the end of next year I'm hoping to end at 40k. So 100k is still not near, but steady and slowly we're getting there ;)
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on December 31, 2014, 06:05:10 AM
Ended the year by breaking the 25k barrier! I estimate the 100k barrier will fall by the end of 2016, with the 50k barrier falling next year!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on December 31, 2014, 06:20:41 AM
That's  a very sweet bump indeed, Trailrated! Congrats all on their progress. I'm in Thailand and my Quicken is back stateside so I can't  update until I get back - can't  complain haha
Title: Re: Race from 10 too 100k!!
Post by: frogger on December 31, 2014, 05:02:44 PM
Assets Jan. 2015: $37,200
Liabilities Jan. 2015: $33,850

Net Worth Jan. 2015: $3350
Net Worth Jan. 2014: ($13,300)

Up $3200 from last month and $16,950 from last year!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on December 31, 2014, 09:35:43 PM
Last month: $73,869.62
This Month: $77,388.38

Feel pretty good about the progress made this year.  In our budget I see we started the year at $32,700.35 and slowly climbed our way up to $77,388.38, a difference of $44,688.03.  We've learned so much this year about investing and look forward to the progress we can make in 2015.  Hopefully next year will be the last year we're in this part of the race and we can graduate to the $1mil thread (though our FIRE goal is actually much lower than $1mil).

Some of our plans for 2015 include maxing out Traditional IRA's (no match on my 401k, so I figure Trad. IRA's where I get to choose which bank (Vanguard) is better than whatever one struck a deal with my out sourcing company since we haven't been able to set aside more than the IRA max anyway), and maxing out our new HSA, which gets us up to what a 401k could have.  Another goal is to refinance our house from a 30 year FHA mortgage to a lower rate conventional 15 year mortgage.  The one large foreseeable event for next year is painting our house's exterior.

Here's to wishing you all a fantastic 2015, now put down those razor blades and bring out the beard wax.
Title: Re: Race from 10 too 100k!!
Post by: carozy on January 02, 2015, 03:52:55 PM
Would someone mind entering in my net worth for Dec. 31, 2014?

$14,319

I'd appreciate it.  The spreadsheet will open but won't let me record my net worth.

Thanks and happy new year!
Title: Re: Race from 10 too 100k!!
Post by: JLee on January 02, 2015, 04:35:24 PM
Ending the year right around 30k in investments/retirement. ~50k NW if I count equity in my house (128k left on 150k appraisal). A bit higher if I count vehicles (all paid off), but I'll go with 50k.  I'd love to see 100k at the end of 2015, but I think even 75k would be ambitious enough!
Title: Re: Race from 10 too 100k!!
Post by: SingleMomDebt on January 02, 2015, 08:50:27 PM
Trailrated Nice jump up!

I ended the year right under 30K. Least it is going up!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on January 03, 2015, 05:04:46 PM
Solid month to end a great year. Scored some good overtime to offset a few expenses. Net worth up 4400 for the month, and 44k for the year. Doesn't include my 401k match for 2014, which apparently comes as a lump sum in another month or so. Very proud of the progress our spreadsheet has made! Here's to a great new year for every row on it! :)
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on January 05, 2015, 12:13:33 AM
End of May
Savings $75k
Student loans -$71k

Net worth $4k

End of dec
Savings $111k
Student loans -$56k

NW $55k
Title: Re: Race from 10 too 100k!!
Post by: Runge on January 05, 2015, 07:21:24 AM
It's been a decent year for me all things considered.

I'm at 16837.97 for the end of the year, up 2.07% from last month. Most of the gains was due to contributions though as the majority of my portfolio lost value, but that's no problem. It allowed me to buy a few things on sale. .

Congrats to everyone who's been participating in this. It's awesome to see everyone's progress, even the slow ones like me. :D Here's to an even more successful 2015!

Month|NV|Change|% Change
May 2014|11,192.56|--|--
June 2014|12,600.36|1,407.80|12.58%
July 2014|12,179.92|-420.44|-3.34%
August 2014|14,695.45|2,515.53|20.65%
September 2014|14,534.07|-161.38|-1.10%
October 2014|15,774.94|1240.87|8.61%
November 2014|16,496.95|722.01|4.51%
December 2014|16,837.97|341.02|2.07%
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on January 05, 2015, 09:53:58 PM
Finally got the chance to run the numbers for December, been very busy. Only up 5.69% this month, due to market headwinds. Since I'm mostly in the Canadian market, I've been hit pretty hard by the precipitous drop in oil prices. Still plowing money into the market, though! The other headwind I'm facing is a temporarily reduced income... we had a kid in December, and both my DW and I are taking time off (2 months for me, 11 for her). This year may be a bit lower savings than last.

Numbers: $9700 or thereabouts.  I was hoping to break $10000 by the end of the year, but the market gods were not kind. I'll hit it a month late, though, so it's all good. :)
Title: Re: Race from 10 too 100k!!
Post by: kickel on January 06, 2015, 02:22:57 PM
Good year overall, however the last month didn't pan out to well. I ended up purchasing a car. 06 Honda Hybrid which set me back a little, in addition to the market down turn. Overall it still went up so I can't complain too much! hopefully in the next few months I'll be able to graduate from this thread into into the race to 1 million. Until then 100,000 here I come
Title: Re: Race from 10 too 100k!!
Post by: 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 :)
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine on January 28, 2015, 09:06:05 PM
I've called my end of January NW early as I've been paid and won't be adding any more to savings this week - up to $23700 from $20895 with more medical payments in the mix so pretty happy.

My Super (Australian pension scheme - inaccessible before 65 years old, so not included in this challenge) is also up $3.5K in a month (and $27.5K over 12 months) so happy with my overall progress.

Looking forward to seeing some good results from other challengers next week!
Title: Re: Race from 10 too 100k!!
Post by: trailrated on January 29, 2015, 11:57:38 AM
Down a few k due to a $2,780 medical bill and paying insurance for the next 6 months... ahhhh next month I will be back up again
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on January 30, 2015, 06:41:51 AM
Up about $3k this month to about $28,750 in Net Worth and $14,500 in invested assets*.

*ignores some numismatic investments (silver), and some other things with a total combined value of around $2k.
Title: Re: Race from 10 too 100k!!
Post by: SingleMomDebt on January 30, 2015, 09:28:01 AM
I did it! I surpassed the $30K line in Networth ($30,781).

With a bit of a downward fluctuation in stocks, I didn't think it was going to surpass, but it did :) I'm so proud of myself. Godspeed to 100K!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on January 30, 2015, 11:41:23 AM
I did it! I surpassed the $30K line in Networth ($30,781).

With a bit of a downward fluctuation in stocks, I didn't think it was going to surpass, but it did :) I'm so proud of myself. Godspeed to 100K!

Congratulations!  That's an exciting mark to reach.  It's bitter sweet at the end of the month to be seeing the market drop.  On one hand it lowers my networth, on the other hand it allows me to buy more stock at the beginning of the month :-D
Title: Re: Race from 10 too 100k!!
Post by: FoundPeace on January 30, 2015, 11:43:35 AM
Went up by $4218 to$ 43,320 because I am now partially vested in my employers 401(k) contributions!

January was also my last month living rent-free, so I shouldn't be increasing my NW by such leaps and bounds anymore :(. Still, not bad for 1 year of a full-time job after graduation.
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on January 30, 2015, 04:32:14 PM
Ouch, stocks just went on sale, which put a bit of a damper on my NW this month.  Originally it had went up by the same amount as my take home pay, mostly due to the 5th paycheck.

Dec: $77,499.77
Jan: $82,878.52

Increase of $5,378.75
Title: Re: Race from 10 too 100k!!
Post by: Runge on January 30, 2015, 04:44:14 PM
Slow and steady here...

Dec 2014: 16837.97
Jan 2015: 17374.40

Not much of an increase and mainly due to contributions. Glad to start seeing every one else's numbers.
Title: Re: Race from 10 too 100k!!
Post by: frogger on January 30, 2015, 09:08:17 PM
Well, not quite as high as it could have been thanks to the stock market, but definitely higher than it would have been if my tax refund hadn't come just in time!

Assets: 39,050
Liabilities: 33,150
Feb. NW: 5900

Jan. NW: 3350
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on January 31, 2015, 12:11:37 AM
Great month! Up 6607.29, to just over 40K. Received my 401k match. Worked some OT. Paid off my last student loan. Debt free now :).
Title: Re: Race from 10 too 100k!!
Post by: McStache on January 31, 2015, 08:12:05 AM
Broke the 50K mark!
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on January 31, 2015, 10:53:06 AM
First vacation of my working career and a little market headwind leaves me slightly in the hole for the month. Let us not repeat this next month.
Title: Re: Race from 10 too 100k!!
Post by: carozy on January 31, 2015, 05:42:51 PM
I decided to start tracking on my own.  It keeps crashing when I try it with my Mac.  I don't want to try to get Chrome on my Mac, I'll just make a Google spreadsheet and start tracking that way.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on February 01, 2015, 04:15:58 PM
Broke the 50K mark!

Congratulations! Halfway, woohoo!!

I juuuust missed the mark in Jan but should be there very soon!
Title: Re: Race from 10 too 100k!!
Post by: kickel on February 02, 2015, 09:27:41 AM
Well that wasn't a good month I still managed to save a little in my investment accounts but with stocks on sale, and a few unexpected expenses My NW decreased. Not all bad though looking forward to a great February.
Title: Re: Race from 10 too 100k!!
Post by: ash7962 on February 02, 2015, 11:13:12 AM
Jan was my bonus month and I used most of it to frontload my 401k, so paid minimal tax up front causing my Jan increase to look huge.  The only downside here is that now my regular pay checks are much higher due to not funding my 401k as much every check.  I'll have to keep a close eye on lifestyle inflation and maybe set up an automatic taxable investment account transfer to combat the potential lifestyle creep.
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on February 02, 2015, 01:35:00 PM
Great month! Up 6607.29, to just over 40K. Received my 401k match. Worked some OT. Paid off my last student loan. Debt free now :).

Congratulations!  Great being debt free.  Now you'll be making the interest rather than paying it.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on February 02, 2015, 11:59:46 PM
Great month! Up 6607.29, to just over 40K. Received my 401k match. Worked some OT. Paid off my last student loan. Debt free now :).

Congratulations!  Great being debt free.  Now you'll be making the interest rather than paying it.

Thanks! It is a great feeling.
Title: Re: Race from 10 too 100k!!
Post by: Kananas on February 03, 2015, 01:32:55 AM
Hello guys!

This seems like a good group for me. I don't know the exact number of our net worth when this thread was started, but I guess it was somewhere around 30000€. At the beginning of Jan 2015 our net worth was 51469€ and up 2387€ from Dec 2014. I will post our Feb 2015 stats as soon as my latest deposits are shown at my index fund accounts.

I'm hoping to reach that magical 100k at the end of 2016.
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on February 03, 2015, 10:29:33 AM
I didn't add anything to the stash this month, since I've been waiting for the Gov't to pay my parental leave benefits. EI is not fast, it has taken over a month to process. I'm very glad I'm no longer living paycheque to paycheque!  Never the less, I've managed a respectable 4.4% increase, from $9700 to $10130 or so due to market increases and a dividend payment. I've finally reached the starting line!

I'm hoping to have a much larger contribution next month, as I'll have the parental leave benefits pay from EI and the top-up (to 90% of my salary, I love academia!) from my employer.
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on February 05, 2015, 03:59:00 PM
End of dec
Savings $111k
Student loans -$56k

NW $55k

Current totals..
Savings $114k
SL -$55

NW $59k
Title: Re: Race from 10 too 100k!!
Post by: Kananas on February 06, 2015, 01:33:52 AM
Net worth 6th of Feb:
53219€
up 1750€ from Jan.

Looks like I'm little behind you Mazzinator. Checked your previous posts (saw your income) and looks like I'm gonna stay behind you too. :)
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on February 06, 2015, 04:29:26 AM
Got paid early and won't be making anymore big financial moves this year so here is my end of December/end of 2014 update:
Cash/Savings: $3,805
Mutual Funds (non-retirement, house savings): $10,240
Work Retirement Accounts: $29,092

NW: $43,137 (increase of $1,101)

End of January update:
Cash/Savings: $3,823
Mutual Funds (non-retirement, house savings): $10,697
Work Retirement Accounts: $31,979

NW: $46,499 (increase of $3,362)

I should have a pretty juicy tax return as well next month (yes I know this indicates I need to adjust my deductions).
Title: Re: Race from 10 too 100k!!
Post by: tyler1215 on February 06, 2015, 01:52:58 PM
Got hit with a couple of medical bills right at the end of the month, resulting in a second straight month of NW decrease.  Doesn't look so bad due to some bills falling on the last day of January and the rest falling in February.  Be looking for a negative NW at the end of February.  Two steps back; allowing me more running room to bust through the 100k barrier at the end of 2015.  Job well done by everyone and good luck in February!!
Title: Re: Race from 10 too 100k!!
Post by: Guizmo on February 13, 2015, 06:04:02 PM
I crossed the 100k mark last month. Woo hoo!
Title: Re: Race from 10 too 100k!!
Post by: SingleMomDebt on February 13, 2015, 09:25:15 PM
I crossed the 100k mark last month. Woo hoo!
Congrats, Guizmo!!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on February 13, 2015, 10:31:16 PM
I crossed the 100k mark last month. Woo hoo!
Congratulations!!
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on February 14, 2015, 12:15:18 AM
I'll join in. But, I didn't start off at 10k because I received a large gift from my parents once I started grad school 06/13 (though I still had some of my own savings):

(These are all end of month figures)
05/13: 33.1k
06/13: 33.3k
07/13: 35.4k
08/13: 35.2k
09/13: 38.1k
10/13: 40.1k (whoo hit 40k!)
11/13: 41.5k
12/13: 44.9k
01/14: 44.7k
02/14: 47.7k
03/14: 50.6k (whoo hit 50k!)
04/14: 53.5k
05/14: 51.4k
06/14: 57.0k
07/14: 61.1k (whoo hit 60k!)
08/14: 61.2k
09/14: 63.5k
10/14: 65.1k
11/14: 67.5k
12/14: 72.7k (whoo hit 70k!)
01/15: 69.8k (damn dipped just below 70k =P)

Some notes:
I pay rent and school fees three times a year: August, January, and May (but not May 2013). Hence, my net worth tends to drop during those months.
I was by Mustachian standards spendy through 12/13. Fortunately, I still spent well within my means.
I found Bogleheads and started investing 03/14. I started being frugal, but not MMM frugal.
I'm pretty sure I found MMM around June 2014. I then raised my frugality to MMM standards.
I got paid quite a bit of overtime June and July 2014.
I was supposed to be paid $2750 in 01/15, but I got paid 12/14 instead, resulting in a sizeable drop in NW 01/15.

So far this month, my NW is $71.5k, mostly because of some nice investment gains but also because of one paycheck.
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on February 17, 2015, 02:01:42 PM
I'll join in. But, I didn't start off at 10k because I received a large gift from my parents once I started grad school 06/13 (though I still had some of my own savings):

(These are all end of month figures)
05/13: 33.1k
06/13: 33.3k
07/13: 35.4k
08/13: 35.2k
09/13: 38.1k
10/13: 40.1k (whoo hit 40k!)
11/13: 41.5k
12/13: 44.9k
01/14: 44.7k
02/14: 47.7k
03/14: 50.6k (whoo hit 50k!)
04/14: 53.5k
05/14: 51.4k
06/14: 57.0k
07/14: 61.1k (whoo hit 60k!)
08/14: 61.2k
09/14: 63.5k
10/14: 65.1k
11/14: 67.5k
12/14: 72.7k (whoo hit 70k!)
01/15: 69.8k (damn dipped just below 70k =P)

Some notes:
I pay rent and school fees three times a year: August, January, and May (but not May 2013). Hence, my net worth tends to drop during those months.
I was by Mustachian standards spendy through 12/13. Fortunately, I still spent well within my means.
I found Bogleheads and started investing 03/14. I started being frugal, but not MMM frugal.
I'm pretty sure I found MMM around June 2014. I then raised my frugality to MMM standards.
I got paid quite a bit of overtime June and July 2014.
I was supposed to be paid $2750 in 01/15, but I got paid 12/14 instead, resulting in a sizeable drop in NW 01/15.

So far this month, my NW is $71.5k, mostly because of some nice investment gains but also because of one paycheck.

Welcome to this thread!  There isn't really a requirement on where to start, but the goal is to exceed $100k.
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on February 17, 2015, 02:04:19 PM
Welcome to this thread!  There isn't really a requirement on where to start, but the goal is to exceed $100k.
Oh haha I guess I missed that part.

Depending on how the market does, I'm hoping to hit $100k first quarter next year, but we shall see....
Title: Re: Race from 10 too 100k!!
Post by: misschedda on February 26, 2015, 09:14:37 AM
Hi all! I've been lurking for a while and finally decided to throw my hat into the ring for some motivation and accountability. I started tracking my accounts and net worth in Summer 2014.

07/14: $29.2k
08/14: $33.3k (big lump paycheck from a previous job)
09/14: $35.5k
10/14: $37.1k
11/14: $39.7k
12/14: $50.4k (second big lump paycheck from previous job, plus stock market runup)
01/15: $51.0k

My progress should usually be more "slow and steady" than this trend implies--my usual monthly increase in net worth should be ~$1.3k.
Title: Re: Race from 10 too 100k!!
Post by: hexdexorex on February 26, 2015, 03:55:56 PM
Hi all! I've been lurking for a while and finally decided to throw my hat into the ring for some motivation and accountability. I started tracking my accounts and net worth in Summer 2014.

07/14: $29.2k
08/14: $33.3k (big lump paycheck from a previous job)
09/14: $35.5k
10/14: $37.1k
11/14: $39.7k
12/14: $50.4k (second big lump paycheck from previous job, plus stock market runup)
01/15: $51.0k

My progress should usually be more "slow and steady" than this trend implies--my usual monthly increase in net worth should be ~$1.3k.

Wow great progress I didn't reach that NW till a couple years out of college.

Looking back through my mint history (since 2007) it is amazing how long it takes to get to 100k.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on February 26, 2015, 04:50:48 PM
My best month yet! Up $7750, largely due to the boatload of overtime I've had the opportunity to put in. I'll keep digging the gold as long as the mine stays open. ;)
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on February 26, 2015, 06:36:44 PM
My best month yet! Up $7750, largely due to the boatload of overtime I've had the opportunity to put in. I'll keep digging the gold as long as the mine stays open. ;)

That's great progress!  They closed the mine here at my work a long time ago.  I'm having a bump this month anyways due to tax return.  I adjusted my withholdings at the end of the year last year so I expect to not get anything back next year.
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on February 27, 2015, 02:41:37 PM
As predicted, a big increase this month. Jumped up ~25% to $12750! Expecting to go back to the slower, more consistent growth for the next few months.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on February 27, 2015, 03:08:03 PM
As predicted, a big increase this month. Jumped up ~25% to $12750! Expecting to go back to the slower, more consistent growth for the next few months.

Awesome! Unexpected things slowed Pitagirl and I down this month. 25% savings rate instead of the usual ~50%. Sad times.
Title: Re: Race from 10 too 100k!!
Post by: frogger on February 27, 2015, 07:49:37 PM
Feb. NW: 5600

Mar. NW: 9300

Next paycheck I should be able to do the 10K happy dance!
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on February 27, 2015, 08:47:24 PM
Feb. NW: 5600

Mar. NW: 9300

Next paycheck I should be able to do the 10K happy dance!
*raises glass* Here's to next month!

EDIT: Wait you mean January and February, not February and March...?
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on February 27, 2015, 08:52:29 PM
Jan 2015: 69.8k
Feb 2015: 73.8k (Back over 70k!)

A larger than expected increase this month, with $2200 of rise in net worth coming from my investments (that's 55% of the growth coming from investments).
Title: Re: Race from 10 too 100k!!
Post by: frogger on February 27, 2015, 09:04:04 PM
*raises glass* Here's to next month!

EDIT: Wait you mean January and February, not February and March...?
Oh, yeah, I guess I kind of count forward a bit. Current NW is end of Feb./Mar. 1st number.

And I get paid in a week, so I'll be back between monthly updates to do the happy dance!
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on February 28, 2015, 04:37:33 AM
Broke $30k (and $15k in investments)!
Title: Re: Race from 10 too 100k!!
Post by: Suit on February 28, 2015, 11:30:53 AM
I hit positive net worth this month!
Title: Re: Race from 10 too 100k!!
Post by: trailrated on February 28, 2015, 12:24:46 PM
Medical cost backslide continues ahhhhhhh, will be up next month.
Title: Re: Race from 10 too 100k!!
Post by: SingleMomDebt on February 28, 2015, 12:27:59 PM
Current: $38081

Will update spreadsheet when I get to my laptop.
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine on February 28, 2015, 10:02:14 PM
More medical expenses for me (and $5K more due) so happy to be up (only $300 but still a positive increase).

Hope March is a good month for you all!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on February 28, 2015, 11:39:12 PM
I hit positive net worth this month!

Congratulations!  It gets more intense from that point and you really start to see the numbers grow.

Our numbers for February were bolstered by tax returns coming in, and an appraisal on our house.  We'll probably see less increase next month, though a refinance deal will certainly shake things up a bit.  Shouldn't hit any negative growth, but hard to saw how all the numbers work out in the end.

Jan: $82,878.52
Feb: $92,666.05
Total Increase: $9,787.53

If these numbers keep up we'll clear $100k mid year.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on February 28, 2015, 11:53:01 PM
I hit positive net worth this month!

Always a great landwark to achieve. Well done!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on February 28, 2015, 11:54:34 PM
Our numbers for February were bolstered by tax returns coming in, and an appraisal on our house.  We'll probably see less increase next month, though a refinance deal will certainly shake things up a bit.  Shouldn't hit any negative growth, but hard to saw how all the numbers work out in the end.

Jan: $82,878.52
Feb: $92,666.05
Total Increase: $9,787.53

If these numbers keep up we'll clear $100k mid year.

Gettin' close! I hope to be you in another year!
Title: Re: Race from 10 too 100k!!
Post by: bokonon on March 01, 2015, 06:58:41 AM
Between the stock market doing so well and tons of winter overtime (40 hours of paid OT so far in 2015), February was one of our best months yet!

Hard to believe how much progress my family has made since we hit $0 NW in April of 2014.  I am hoping for $100k in early to mid summer which is unbelievable. 

I wonder how much net worth MMM is directly responsible for helping build through his blog... it has to be millions and always growing.  Kind of cool to think about.

This thread is so positive - everyone is doing awesome.. Keep up the good work all!
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on March 01, 2015, 07:38:12 AM
Between the stock market doing so well and tons of winter overtime (40 hours of paid OT so far in 2015), February was one of our best months yet!

Hard to believe how much progress my family has made since we hit $0 NW in April of 2014.  I am hoping for $100k in early to mid summer which is unbelievable. 

I wonder how much net worth MMM is directly responsible for helping build through his blog... it has to be millions and always growing.  Kind of cool to think about.

This thread is so positive - everyone is doing awesome.. Keep up the good work all!

Nice! We'll have at least 2 people completing the race  this year! I expect to cross the line some time next year.
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on March 01, 2015, 09:24:35 AM
My old home computer crashes each time I try to update the spreadsheet, but here are my numbers for February:

Networth: -31,726.00

Slow progress! I did my taxes yesterday and after playing around with the numbers I decided to recharacterize my Roth contributions and then take some of my Emergency Fund to fully fund a Traditional IRA for 2014. Not only am I getting a 1K larger tax refund, but I also got myself into the 15% tax bracket!! I am super excited!!
I recharacterized also! I ended up in the 25% bracket, even after a recharacterization. Regardless, that saved me $1705 for my 2014 taxes (of course, that just means I'll owe tax on this money later...but it should be at a lower rate - Roth conversion pipeline).
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on March 01, 2015, 01:25:03 PM
My old home computer crashes each time I try to update the spreadsheet, but here are my numbers for February:

Networth: -31,726.00

Slow progress! I did my taxes yesterday and after playing around with the numbers I decided to recharacterize my Roth contributions and then take some of my Emergency Fund to fully fund a Traditional IRA for 2014. Not only am I getting a 1K larger tax refund, but I also got myself into the 15% tax bracket!! I am super excited!!
I recharacterized also! I ended up in the 25% bracket, even after a recharacterization. Regardless, that saved me $1705 for my 2014 taxes (of course, that just means I'll owe tax on this money later...but it should be at a lower rate - Roth conversion pipeline).

Woo-hoo! That is awesome! I am not too worried about the taxes later, as you noted. But it was shocking what a difference the recharacterization made! I feel like I just solved the puzzle or something! I know everyone debates the merits of Roth v. Traditional, but I had never actually done the numbers. This year I am maxing my 403B and I am going to try my damnedest to fully fund the Traditional as well. I am trying to take a new perspective on low-interest debt (student loans in my case) and play the long game....

Haha that's basically what happened to me. I mean, I knew that it would be a tax break of 25% fed + 6% state. But until I actually went to calculate my taxes, for me there was a bit of a mental disconnect between a 31% tax deduction, and that 0.31*5500 = $1705.

What's the interest rate on your loans? And congrats on making maxing your 403b a priority! (I would say congrats on maxing your 403b, but it's only March and I assume you haven't done that yet...=P)
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on March 01, 2015, 02:04:14 PM
My old home computer crashes each time I try to update the spreadsheet, but here are my numbers for February:

Networth: -31,726.00

Slow progress! I did my taxes yesterday and after playing around with the numbers I decided to recharacterize my Roth contributions and then take some of my Emergency Fund to fully fund a Traditional IRA for 2014. Not only am I getting a 1K larger tax refund, but I also got myself into the 15% tax bracket!! I am super excited!!
I recharacterized also! I ended up in the 25% bracket, even after a recharacterization. Regardless, that saved me $1705 for my 2014 taxes (of course, that just means I'll owe tax on this money later...but it should be at a lower rate - Roth conversion pipeline).

Woo-hoo! That is awesome! I am not too worried about the taxes later, as you noted. But it was shocking what a difference the recharacterization made! I feel like I just solved the puzzle or something! I know everyone debates the merits of Roth v. Traditional, but I had never actually done the numbers. This year I am maxing my 403B and I am going to try my damnedest to fully fund the Traditional as well. I am trying to take a new perspective on low-interest debt (student loans in my case) and play the long game....

Haha that's basically what happened to me. I mean, I knew that it would be a tax break of 25% fed + 6% state. But until I actually went to calculate my taxes, for me there was a bit of a mental disconnect between a 31% tax deduction, and that 0.31*5500 = $1705.

What's the interest rate on your loans? And congrats on making maxing your 403b a priority! (I would say congrats on maxing your 403b, but it's only March and I assume you haven't done that yet...=P)

My private loans are variable but are hovering around 3.1% for the last few years. I hope that will remain the trend. I have a 50K balance so it's hard to prioritize investing, but the numbers don't lie! I also have about 90K in federal loans but I am on IBR so reducing my AGI is a double whammy, since my payment on those is based on AGI. I have about 6 years left on PSLF...I know people might yell at me for relying on PSLF, but I think it's the best for me.

This is my first year maxing the 403b....I might reevaluate if loan rates change or circumstances change.
Nice. Yea the numbers don't lie! Though your true after tax student loan interest rate is not 3.1% b/c of the student loan interest deduction (but you have to make sure to keep your AGI under the limit - phaseout of the deduction starts at a MAGI of 65k, and is completely phased out at 80k). By contributing to a traditional 403b or traditional IRA, you will lower your MAGI for the student loan interest deduction.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on March 01, 2015, 07:29:36 PM
I wonder how much net worth MMM is directly responsible for helping build through his blog... it has to be millions and always growing.  Kind of cool to think about.

This thread is so positive - everyone is doing awesome.. Keep up the good work all!

This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet. 
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on March 05, 2015, 05:20:58 AM
End of January update:
Cash/Savings: $3,823
Mutual Funds (non-retirement, house savings): $10,697
Work Retirement Accounts: $31,979

NW: $46,499 (increase of $3,362)

End of February update:
Cash/Savings: $4,317
Mutual Funds (non-retirement, house savings): $10,703
Work Retirement Accounts: $32,968

NW: $47,988 (increase of $1,489)

Almost to the 50% mark (50k) :)  This month I am getting my tax refund which will easily shoot me over the mark and then my normal savings on top of that.  It's funny that I had just started making money seriously a couple years ago and even having 100k saved impossible but now I can really see it being attainable.
Title: Re: Race from 10 too 100k!!
Post by: misschedda on March 05, 2015, 05:46:52 AM
Hi racers! I just put all my info in the spreadsheet. Does it automatically reorder the rows or do I have to do something to trigger that?
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on March 05, 2015, 09:53:09 AM
I wonder how much net worth MMM is directly responsible for helping build through his blog... it has to be millions and always growing.  Kind of cool to think about.

This thread is so positive - everyone is doing awesome.. Keep up the good work all!

This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet.

I know! After a year we should tally up the collective increase in NW that would be sweet to see!

Hi racers! I just put all my info in the spreadsheet. Does it automatically reorder the rows or do I have to do something to trigger that?

Nice! Another in the ranks of Pencil Stash. I don't know if you sorted it but it looks like your data is in the right place now.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on March 05, 2015, 10:30:31 AM
I estimate I'll hit $100k net worth in 12/2016, and $100k invested assets in 1/2017.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on March 06, 2015, 04:49:33 AM
This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet.

I know! After a year we should tally up the collective increase in NW that would be sweet to see!

Agreed!
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on March 06, 2015, 07:46:59 AM
This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet.

I know! After a year we should tally up the collective increase in NW that would be sweet to see!

Agreed!

Hm....should we start a spreadsheet for this like the cycling challenge? I'd be up for maintaining it.
Title: Re: Race from 10 too 100k!!
Post by: queenie on March 06, 2015, 08:30:50 AM
Is it okay if I jump in and I'm over $10k to start?  I just added up our net worth and we are at $18,206 but I'd love to put some pressure on myself to get to $100k.  Right now I am forecasting reaching $50k at the end of the year.

We were at $5,981 on January 1st, and I'm so excited to see that number grow!!
Title: Re: Race from 10 too 100k!!
Post by: misschedda on March 06, 2015, 08:44:20 AM
I estimate I'll hit $100k net worth in 12/2016, and $100k invested assets in 1/2017.

Pooperman! We're living parallel lives! We both just got engaged and I'm aiming for $100k net worth 12/2016 as well.
Title: Re: Race from 10 too 100k!!
Post by: frogger on March 06, 2015, 09:12:17 AM
Payday today. I did it! I did it! 10,000 NW! I can officially start the race now, LOL!
Title: Re: Race from 10 too 100k!!
Post by: SingleMomDebt on March 06, 2015, 09:16:39 AM
Payday today. I did it! I did it! 10,000 NW! I can officially start the race now, LOL!
Congrats Frogger!
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on March 06, 2015, 09:17:24 AM
I estimate I'll hit $100k net worth in 12/2016, and $100k invested assets in 1/2017.

Pooperman! We're living parallel lives! We both just got engaged and I'm aiming for $100k net worth 12/2016 as well.

Let me guess, you got your first real job in the summer of 2013 also? You've got a 3 year head start!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on March 06, 2015, 10:14:35 AM
Is it okay if I jump in and I'm over $10k to start?
Yes! Welcome :-)  Jump in the spreadsheet too!
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on March 06, 2015, 10:30:45 AM
This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet.

I know! After a year we should tally up the collective increase in NW that would be sweet to see!

Agreed!

Hm....should we start a spreadsheet for this like the cycling challenge? I'd be up for maintaining it.
And I'm a complete moron who didn't notice that there is such a spreadsheet in the OP.  /face palm
Title: Re: Race from 10 too 100k!!
Post by: ash7962 on March 06, 2015, 02:06:08 PM
Just updated my numbers for Feb.  Looks like I had a 3630$ change in NW which was something like half investment gains.  I don't expect to continue doing so well every month, but man would that be nice.  What is the Mustache themed title we achieve when we reach the 100k mark?  I expect to get there early 2016 :)
Title: Re: Race from 10 too 100k!!
Post by: queenie on March 06, 2015, 02:59:22 PM
Is it okay if I jump in and I'm over $10k to start?
Yes! Welcome :-)  Jump in the spreadsheet too!

Awesome!!  Here are my starting numbers:

Liabilities
Mortgage     $153,622.64
Car Loan     $19,360.61
Braces         $6,120.00
Total Liabilities  $179,102.85

Assets and Savings
RESP           $2,538.39
RRSP GIC     $592.01
TFSA #1     $716.67
TFSA #2      $716.97
Chequing Accounts $806.91
Vacation Pay Accrued $12,442.86
Savings Accounts $4,494.48
Primary Residence $175,000.00
Total Assets and Savings $197,309.29

Net Worth $18,206.44

I'm really feeling motivated now looking at everyone's numbers.  I know that there is no way to win this contest and be the first to $100k, but I still want to beat some of you.  :)  I'm starting to feel hyper aware of how every single penny of inflow and outflow affects this number and impacts us in a very real way.  And so I feel really motivated to make sure as much goes in as possible and as little comes out as possible.  My personal goal is going to be $50k net worth by the end of 2015.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on March 06, 2015, 03:56:13 PM


I know that there is no way to win this contest and be the first to $100k, but I still want to beat some of you.  :)

We all win :-) This whole thread is full of win!
Title: Re: Race from 10 too 100k!!
Post by: queenie on March 06, 2015, 04:14:41 PM
Good point!!  :)
Title: Re: Race from 10 too 100k!!
Post by: MoneyRx on March 08, 2015, 02:07:16 PM
I have just been treading water down at the bottom of this challenge the whole time, excited to get a real job in a couple months and start moving my way up the chart!!!
Title: Re: Race from 10 too 100k!!
Post by: Kananas on March 09, 2015, 02:05:56 AM
Net worth 6th of Feb:
53219€
up 1750€ from Jan.

Net worth 6th of Mar:
56762€
up 2335€ from Feb.

I forgot one 1200€+ account from last months calculations, so last months net worth was really 54427€.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on March 09, 2015, 02:51:57 AM
Damn it, all these new contestants are making me drop like a rock in the spreadsheet, I was on 12 just a few days ago, now I'm on 17.
I guess I'll have to step up my game. :p

Murphy's Law of the Spreadsheet...every contestant that joins after you will have a larger starting NW than your current one :).

A hearty welcome to all the new rows on the 'sheet!
Title: Re: Race from 10 too 100k!!
Post by: MoneyRx on March 09, 2015, 09:46:57 AM
Damn it, all these new contestants are making me drop like a rock in the spreadsheet, I was on 12 just a few days ago, now I'm on 17.
I guess I'll have to step up my game. :p

Murphy's Law of the Spreadsheet...every contestant that joins after you will have a larger starting NW than your current one :).

A hearty welcome to all the new rows on the 'sheet!

That and the law of averages that if you are near the bottom (and below the stated start of 10k), others joining will likely be ahead of you. Just more motivation though!
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on March 09, 2015, 10:23:41 AM
I just read this whole thread and have been truly inspired by everyone's progress.

Time to join:

3/9/15 - PC Net Worth $53,877
Title: Re: Race from 10 too 100k!!
Post by: xander92 on March 12, 2015, 03:22:10 PM
I'll join the late crew! Just graduated and started working!

PC net worth: $12,368

Cash: $4.0k
Investments: $18.1k
Credit: -$0.46k
Student Loan: -$9.3k
Title: Re: Race from 10 too 100k!!
Post by: FIPurpose on March 12, 2015, 04:28:04 PM
I like the way people are encouraging in this thread so I'd like to join. I've said elsewhere on this forum that I expect to hit 100k in investments this year. Right now we're floating around $64k. Down about 1.5k from the recent stock slip. Looking to put away about $5200 a month. So we're hoping to hit our goal around September time.
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on March 12, 2015, 05:56:04 PM
I like the way people are encouraging in this thread so I'd like to join. I've said elsewhere on this forum that I expect to hit 100k in investments this year. Right now we're floating around $64k. Down about 1.5k from the recent stock slip. Looking to put away about $5200 a month. So we're hoping to hit our goal around September time.

Welcome to the thread!  We've experienced a little setback this month too with the stock market fluctuation, abnormally high from last month due to tax refund, and an unexpected dental emergency that is leading to a trip to Taiwan now.  But $5200/mo, that's awesome!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on March 13, 2015, 07:02:50 PM
Welcome to the thread!  We've experienced a little setback this month too with the stock market fluctuation, abnormally high from last month due to tax refund, and an unexpected dental emergency that is leading to a trip to Taiwan now.  But $5200/mo, that's awesome!

Sorry to hear that. Hope it's not too serious.
Title: Re: Race from 10 too 100k!!
Post by: Runningtuff on March 13, 2015, 11:19:01 PM
It may be some time yet, but I'll play!

Everyday: 300
Emergency fund: 5100
Retirement: 12,000

Student loan: -800 (0%)

Net worth: $16600
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on March 20, 2015, 04:39:05 AM
End of February update:
Cash/Savings: $4,317
Mutual Funds (non-retirement, house savings): $10,703
Work Retirement Accounts: $32,968

NW: $47,988 (increase of $1,489)

Done moving moving around for this month so time for another snapshot, end of March:
Cash/Savings: $8,271
Mutual Funds (non-retirement, house savings): $10,756
Work Retirement Accounts: $33,506

NW: $52,533 (increase of $4,545):)

Big increase this month thanks to a ridiculous tax return (I will adjust for next year) and some lower expenditures.  I am now over half way to the 100k mark!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on March 20, 2015, 04:48:29 AM


I am now over half way to the 100k mark!

Congratulations!
Title: Re: Race from 10 too 100k!!
Post by: misschedda on March 31, 2015, 06:47:16 AM
Just updated my row of the spreadsheet and noticed that you guys have incredible percentage growth on the last few months. A lot of people's net worths are growing by 10% or more each month--way to go!
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine on March 31, 2015, 05:17:23 PM
Hi all,

I'm down as expected due to medical expenses - they're all paid off now so the only way is up (I hope)!

My retirement savings (not included in this challenge) are doing well so my true NW is moving along nicely.

Good luck to all!
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on March 31, 2015, 11:04:31 PM
Jan 2015: 69.8k
Feb 2015: 73.8k (Back over 70k!)

A larger than expected increase this month, with $2200 of rise in net worth coming from my investments (that's 55% of the growth coming from investments).

March 2015: 76.6k

Had a good month.

Found a new place to live that will cut my housing costs in half. That starts May 1st.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on April 01, 2015, 04:42:08 AM



 Found a new place to live that will cut my housing costs in half. That starts May 1st.

Badass! That'll speed your way to the finish line
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on April 01, 2015, 07:10:23 AM



 Found a new place to live that will cut my housing costs in half. That starts May 1st.

Badass! That'll speed your way to the finish line

Oh hell yes. I'm pretty excited to be moving out =)
It involves a 8.8 mile RT bike commute, which I'm also excited about. That's over 2000 miles that I will put on my bike from just commuting!
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on April 01, 2015, 09:44:09 AM
Time to join:

3/9/15 - PC Net Worth $53,877

4/1/2015 - $60,080.00

Big jump from that bonus money.
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on April 01, 2015, 11:11:07 AM
We're really starting to feel the bite of my wife's reduced income on mat leave.  Only up 2.47% to 13,058 from 12,743. Market headwinds didn't help, but at least I did manage to scrounge up $750 after essentials to put into the fund.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on April 01, 2015, 12:45:20 PM
Do we have any graduates yet? Where's ohyonghao?
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on April 01, 2015, 01:47:42 PM
Do we have any graduates yet? Where's ohyonghao?
Just getting in the numbers for March.  Due to refinancing and a dental emergency we went down a little bit in net worth.  As the refinance settles out with getting the escrow payment back, skipping a month in payments, and having $400 extra going from interest to principal every month we should see our net worth savings accelerate again.

Feb: $92,666.05
Mar: $88,667.04
Total Increase: -$3,999.01
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on April 01, 2015, 11:49:07 PM
Jan 2015: 69.8k
Feb 2015: 73.8k (Back over 70k!)

A larger than expected increase this month, with $2200 of rise in net worth coming from my investments (that's 55% of the growth coming from investments).

March 2015: 76.6k

Had a good month.

Found a new place to live that will cut my housing costs in half. That starts May 1st.

Nice! You'll be @ 100k in no time. My own rent goes up 5% in June unfortunately.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on April 02, 2015, 06:45:45 AM
Aw shucks, my 3/31 401k contribution didn't land until 4/1 - you'll see it in next month's figure ;)

I always count things as they've been paid for. When I got paid on 3/31, the 401k and HSA won't hit until around 4/6, but I count it because the money has been sent that direction as of 3/31.
Title: Re: Race from 10 too 100k!!
Post by: SMCx3 on April 02, 2015, 07:02:13 AM
I enjoy checking in on this thread and seeing the success stories. 

Appreciate the post!
Title: Re: Race from 10 too 100k!!
Post by: frogger on April 02, 2015, 08:56:50 AM
Mar 31, 2014: -11,000

Feb 28, 2015: 9300

Mar 31, 2015: 12,650

Up 3350 from last month.

Up 23,650 from last year.

Title: Re: Race from 10 too 100k!!
Post by: johnny847 on April 02, 2015, 09:06:48 AM
I always count things as they've been paid for. When I got paid on 3/31, the 401k and HSA won't hit until around 4/6, but I count it because the money has been sent that direction as of 3/31.

I've been debating that. I use my own home-brewed software, and I mark transactions as "posted" when they are "finished." So the money I spent on 3/31 at the grocery store on my Amex wasn't counted in my 3/31 net worth figure. It doesn't show up on the special report I have for that, because they weren't yet marked as "posted." Same with the 401k numbers. For consistency, I think I'm stuck waiting until I mark them.

EDIT: Plus point of interest... last quarter, big dividend payout went into Betterment investment/retirement 12/31, but this month it's going in ~today (i.e. late.)

Heh. I use a slightly different approach. My rule is that anything that has tax implications must be tax accurate. Which usually means I need to use the post date.
But for purchases there are no tax implications (at least, not for me - I think this might matter if I owned a business or something). So for purchases I usually go by transaction date, not post date.

It really doesn't matter how you do it so long as you keep it consistent and it is providing you data the way you want to use it.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on April 02, 2015, 09:16:16 AM
Just for kicks - for the 25 people on the spreadsheet that have a starting May, 2014 NW and a current March, 2015 NW:

Combined NW increase: $715,151.15
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on April 02, 2015, 09:43:23 AM
I always count things as they've been paid for. When I got paid on 3/31, the 401k and HSA won't hit until around 4/6, but I count it because the money has been sent that direction as of 3/31.

I've been debating that. I use my own home-brewed software, and I mark transactions as "posted" when they are "finished." So the money I spent on 3/31 at the grocery store on my Amex wasn't counted in my 3/31 net worth figure. It doesn't show up on the special report I have for that, because they weren't yet marked as "posted." Same with the 401k numbers. For consistency, I think I'm stuck waiting until I mark them.

EDIT: Plus point of interest... last quarter, big dividend payout went into Betterment investment/retirement 12/31, but this month it's going in ~today (i.e. late.)

Heh. I use a slightly different approach. My rule is that anything that has tax implications must be tax accurate. Which usually means I need to use the post date.
But for purchases there are no tax implications (at least, not for me - I think this might matter if I owned a business or something). So for purchases I usually go by transaction date, not post date.

It really doesn't matter how you do it so long as you keep it consistent and it is providing you data the way you want to use it.

It comes down to when your net worth actually changes vs when taxes are calculated. Example: you buy a 10lb bag of rice, like the mustachian you are, on 12/31. You've agreed to buy it at the given price, so you have a debt to the store (your net worth has changed). It doesn't post until 1/2, so as far as taxes go, that's the date to use. Net worth date is 12/31, tax date is 1/2.

As you said, consistency and personal preference.
Title: Re: Race from 10 too 100k!!
Post by: Suit on April 02, 2015, 07:16:05 PM
Just for kicks - for the 25 people on the spreadsheet that have a starting May, 2014 NW and a current March, 2015 NW:

Combined NW increase: $715,151.15

This is just awesome! Thank you for calculating it, I can't wait to see what we all can do with another 2 months!
Title: Re: Race from 10 too 100k!!
Post by: FIPurpose on April 04, 2015, 06:21:49 PM
I like the way people are encouraging in this thread so I'd like to join. I've said elsewhere on this forum that I expect to hit 100k in investments this year. Right now we're floating around $64k. Down about 1.5k from the recent stock slip. Looking to put away about $5200 a month. So we're hoping to hit our goal around September time.

April 1 ~71k

Looking to hit about 76 by EOM. And SO's bonus review should be coming soon. Fingers crossed!
Title: Re: Race from 10 too 100k!!
Post by: starterstache on April 05, 2015, 12:27:47 PM
Just crossed the 40k mark this month. We only have a single income, but hoping to hit at least 55k by the end of the year. Congrats to everyone who's making great progress in this thread.
Title: Re: Race from 10 too 100k!!
Post by: JLee on April 20, 2015, 12:48:33 PM
I might be at 50k now! I am waiting to get information on a mutual fund I opened when I was a kid, so I am hoping there's a couple thousand in there. Other investments just crossed 35k and I have about $13k liquid (should drop more into Vanguard, but I may use it to float living expenses so I can max my 401k this year). :)

I just started MMM-ing in January- curious how quickly I'll reach 100k!
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on April 20, 2015, 02:26:33 PM
Good job, JLee!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on April 20, 2015, 02:31:16 PM
Congrats, JLee! Halfway to graduating this thread!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on April 24, 2015, 12:49:03 AM
I might be at 50k now! I am waiting to get information on a mutual fund I opened when I was a kid, so I am hoping there's a couple thousand in there. Other investments just crossed 35k and I have about $13k liquid (should drop more into Vanguard, but I may use it to float living expenses so I can max my 401k this year). :)

I just started MMM-ing in January- curious how quickly I'll reach 100k!

Cool. Halfway there! I hit 50k just last month myself. :)
Title: Re: Race from 10 too 100k!!
Post by: JLee on April 24, 2015, 11:33:36 AM
Not going to max 401k...starting way too late in the year to be able to afford it. I should land around $12k though, and if I do have enough liquid left at year-end I will put $5500 in a tIRA.  That should put me north of $65k by year end; hopefully 90k by the end of 2016? :D
Title: Re: Race from 10 too 100k!!
Post by: Two9A on April 24, 2015, 02:04:37 PM
Alright, I'll muck in. Some caveats:
Feb 1: 10k in Vanguard.
Mar 1: 13k.
Apr 1: 15k, hitting the tax-free savings limit for the year.
Apr 6: 33k, by taking excess cash out of the LLC, filling the limit for the next financial year.

I might need to open up a taxable account...
Title: Re: Race from 10 too 100k!!
Post by: Hey It's Me on April 25, 2015, 06:18:04 AM
Just hit $10K - hoping to be at $40K by end of 2015.
Title: Re: Race from 10 too 100k!!
Post by: JLee on April 25, 2015, 01:58:11 PM
Just hit $10K - hoping to be at $40K by end of 2015.
Awesome - congratulations!
Title: Re: Race from 10 too 100k!!
Post by: Eristheunorganized on April 25, 2015, 02:37:11 PM
I just hit 40k, which is more money than I've ever made in a year. Every 10k feels great to a lower income earner like me.
Title: Re: Race from 10 too 100k!!
Post by: tomita on April 25, 2015, 05:12:13 PM
NW 16300
(47600 invested
21500 SL
10300 credit card debt)
Title: Re: Race from 10 to 100k!!
Post by: Hey It's Me on April 25, 2015, 06:38:17 PM
6/30/2014: -$6922
7/31/2014: $2291
8/31/2014: $5896
9/30/2014: $11,201
10/31/2014: $14,610
11/30/2014: $21,534
12/31/2014: $24,703
1/31/2015: $22,583
2/28/2015: $27,906

Ah yes back in the right direction. Despite a nearly $1400 repair, I'm doing well. Holiday bonus and a separate company wide bonus gave me a little edge. S.O. has paid me back some for our trip plans. New 401k kicked in and I bumped up my HSA contributions. Also got a big credit card bonus. ($200 from Chase.)

How cool is it to see your net worth increase by over $35K in just 8 months? Imagine if someone had a summary of your life to date; they would be scratching their heads about what happened in June of 2014. Ha!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on April 26, 2015, 10:49:18 PM
Just hit $10K - hoping to be at $40K by end of 2015.

Excellent.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on April 26, 2015, 10:51:41 PM
I just hit 40k, which is more money than I've ever made in a year. Every 10k feels great to a lower income earner like me.

It should feel great! Awesome job!
Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 on April 28, 2015, 11:58:40 AM
Jumping in on this too! Our current NW is $31-$32k, of which $21k is invested. It's going to dip for awhile, though, because in May we are paying ~$3k for tuition, and then another ~$6k in the fall, with a continual $1700/month being saved for future tuition (through 2017). $1500-$2000/month or so will be going to investments. We originally wanted to have $50k invested by the end of the year but with school I'm not sure that's feasible unless the stock market does insanely well. :P I think we'll shoot for $40k. I'll be pretty happy if we can pull that off. :)
Title: Re: Race from 10 too 100k!!
Post by: misschedda on April 28, 2015, 12:34:03 PM
It's going to dip for awhile, though, because in May we are paying ~$3k for tuition, and then another ~$6k in the fall, with a continual $1700/month being saved for future tuition (through 2017). $1500-$2000/month or so will be going to investments. We originally wanted to have $50k invested by the end of the year but with school I'm not sure that's feasible unless the stock market does insanely well. :P I think we'll shoot for $40k. I'll be pretty happy if we can pull that off. :)

Welcome! And it's nice to know that tuition is also an investment in human capital, so at least that money you aren't putting into investments is still working to make you richer!
Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 on April 28, 2015, 02:55:40 PM
Thanks! Yeah... I should be able to double my earnings as soon as I graduate (maybe even before, if I can snag a related job while still finishing my degree), and the job prospects in the field are really positive, so even though this isn't a traditional investment I'm confident I'll be much better off financially.

Honestly I'm just super happy we don't have to take out any more student loans. We have about $4500 left on my husband's student loan and then we'll be free and clear.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on April 30, 2015, 11:07:56 AM
Hey guys! Up about $4k. I opened an HSA this month and funded it for the year.  Nothing else too special about April...just steady as as she goes. OT dried up for this month, unfortunately. Hope everyone did well!
Title: Re: Race from 10 too 100k!!
Post by: misschedda on April 30, 2015, 11:13:07 AM
Hey guys! Up about $4k. I opened an HSA this month and funded it for the year.  Nothing else too special about April...just steady as as she goes. OT dried up for this month, unfortunately. Hope everyone did well!

Wow SpareChange! In the past two months you sped right past me. Keep up the good work.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on April 30, 2015, 11:18:09 AM
Up about $4k. I opened an HSA this month and funded it for the year.
$4k is awesome! NW +7.4% Good stuff!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on April 30, 2015, 11:20:23 AM
Wow SpareChange! In the past two months you sped right past me. Keep up the good work.

You had a sweet 6.3% jump too!
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on April 30, 2015, 02:49:54 PM
Thanks to some tax jiggery-pokery by the account who does our taxes (family friend, it's free for us), I ended up with a MUCH larger than expected tax refund. Half went to my wife, the rest went into my accounts.  Result, a nice jump from ~13k to ~17k, or almost 32%.  Not expecting anywhere near that next month, but it does feel pretty nice!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on April 30, 2015, 05:19:08 PM
A good rebound this month, followed by end of month stock sales.
March: $88,667.04
April: $94,786.61
+$6119.57

Will be out of country for 2 weeks which might stifle our progress.  One thing that held us back this month was paying next months mortgage early due to testing out a new system and not wanting to muck up our mortgage payment.  Figure if we do it a few weeks early if anything goes wrong we have that much more time to fix the issue.

Hoping by July we'll break $100k! (May is a 5th paycheck month, so that should help bolster our reserves :-)).
Title: Re: Race from 10 too 100k!!
Post by: frogger on April 30, 2015, 05:33:31 PM
Mar 31, 2015: 12,650

Apr 30, 2015: 15,750

Up 3100 from last month.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on May 01, 2015, 05:25:53 AM
Great to see everyone's progress!

Hit 70k last month, 14.14% to FI and hoping to hit 100k by EOY :-)
Title: Re: Race from 10 too 100k!!
Post by: misschedda on May 01, 2015, 09:58:22 AM
Hit 70k last month, 14.14% to FI and hoping to hit 100k by EOY :-)

Hoping by July we'll break $100k! (May is a 5th paycheck month, so that should help bolster our reserves :-)).

Psyched to see the first graduates of this challenge!
Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 on May 01, 2015, 11:33:21 AM
March: $30,029
April:   $34,384

+12.7%!! Woohoo!!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on May 01, 2015, 11:55:49 AM
$4k is awesome! NW +7.4% Good stuff!

Wow SpareChange! In the past two months you sped right past me. Keep up the good work.

Thanks for being so supportive. I'll try to keep it up! Glad to see you guys doing so well too.
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on May 01, 2015, 12:07:57 PM

3/9/15 - PC Net Worth $53,877

4/1/2015 - $60,080.00

5/1/2015 - $63,589.00

The climb continues!
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on May 01, 2015, 03:12:04 PM
Extra paycheck and tax refund make for a good month.
Title: Re: Race from 10 too 100k!!
Post by: Hey It's Me on May 03, 2015, 10:10:22 PM
Finished off April with ~$12,000. May should end (and with it comes graduation) with me at $15,000 NW.
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on May 04, 2015, 05:57:28 AM

Done moving moving around for this month so time for another snapshot, end of March:
Cash/Savings: $8,271
Mutual Funds (non-retirement, house savings): $10,756
Work Retirement Accounts: $33,506

NW: $52,533 (increase of $4,545):)

Big increase this month thanks to a ridiculous tax return (I will adjust for next year) and some lower expenditures.  I am now over half way to the 100k mark!
Paid for some car repairs this month and a little bit of indulgence too.  Nothing too crazy but going to tighten down a bit this month.

Beginning of May update:
Cash/Savings: $7,772
Mutual Funds (non-retirement, house savings): $10,686
Work Retirement Accounts: $35,726

NW: $54,184 (increase of $1,651)

Title: Re: Race from 10 too 100k!!
Post by: Apples on May 04, 2015, 07:40:56 AM
Does the spreadsheet look really wonky to anyone else?  None of the entries are in order for me.  Everything is scattered around.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on May 04, 2015, 08:45:20 AM
It was sorted weird, all the lookup formulas etc look good though.
Title: Re: Race from 10 too 100k!!
Post by: lpep on May 04, 2015, 08:12:19 PM
Some kinda false gains for me this month--my dad's had some individual stocks for me since I was tiny, and he sold a bunch of shares awhile back (with some prodding from me) and transferred the money to me to manage! Into VTSAX it goes.
Title: Re: Race from 10 too 100k!!
Post by: tlps on May 06, 2015, 04:04:07 PM
Hi all, have just joined the forum and would love to join this challenge.

My starting point as @ 6 May 2015
Credit Cards: -£7680.22
Checking & savings account: £2785.19
Company Pension plan: £7148.73
Personal pension account: balance unknown - will be transferring balance to other pension if possible??

Net worth: £2253.70  (i have put this amount in the end of Apr column on the spreadsheet - hope this is correct - if not please move to right place!)

First goal is to pay off the credit cards, then start saving........ good luck everyone
Title: Re: Race from 10 too 100k!!
Post by: JLee on May 07, 2015, 11:59:51 AM
I finally got a mutual fund I opened in 1998 switched over to my name (vs c/o parent).  There's $3k in it.

Current-
$3000.26 - Franklin Templeton
$2809.98 - ESP
$24,982.41 - tIRA
$8,215.80 - 401k
~$11k liquid

I just crossed $50k! Halfway there! I have $1461.50/mo going to my 401k right now, so I should be pushing $60k easily by the end of the year.

I'm not counting house equity or cars, but if I did I'd be getting really close to 100k!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on May 07, 2015, 12:02:15 PM
Welcome, tlps! and congrats, JLee!
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine on May 12, 2015, 10:02:47 PM
Slowly making headway - more medical expenses last month ($5K) so happy I could absorb them and still make some savings. Hopefully only $1K more to outlay and then I can save, save, save!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on May 12, 2015, 11:10:15 PM
Slowly making headway - more medical expenses last month ($5K) so happy I could absorb them and still make some savings. Hopefully only $1K more to outlay and then I can save, save, save!

I feel ya on the medical expenses. Glad you've almost got them in the rear view mirror.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on May 13, 2015, 04:15:51 AM
New job comes with a 15k/yr increase in income, immediate vesting (1.5% match) of the 401k that I can contribute to immediately, but no HSA. HSAs are prorated, too, which kinda sucks since I can't just go max it. Anyways, this should increase the amount I can save every month by around $800. This should knock off about 4.5 months in getting to 100k :).
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on May 13, 2015, 04:36:39 AM
Congratulations on the new job,  Pooperman!
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on May 13, 2015, 05:16:47 AM
Congratulations on the new job,  Pooperman!

Thank you! New commute should be about ththe same, but working hours should be less in addition to the bump in salary. It will also allow me to do consulting on the side where I was forbidden from doing so due to the job I currently hold. I'll be glad when the wedding stuff is over. So much money spent on stuff (invitations, dress, suit, DJ, rings, etc). We're still positive most months (this one may be an exception), but our expenses would be lower if we weren't spending $500 every month on wedding related stuff. :/ hopefully the result of the wedding is a decent addition to our stache and the start of a downpayment fund for a house/rental.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on May 13, 2015, 09:15:36 AM
Thank you! New commute should be about ththe same, but working hours should be less in addition to the bump in salary. It will also allow me to do consulting on the side where I was forbidden from doing so due to the job I currently hold. I'll be glad when the wedding stuff is over. So much money spent on stuff (invitations, dress, suit, DJ, rings, etc). We're still positive most months (this one may be an exception), but our expenses would be lower if we weren't spending $500 every month on wedding related stuff. :/ hopefully the result of the wedding is a decent addition to our stache and the start of a downpayment fund for a house/rental.

More money for less work. Good deal!! That should 'roid up the ole stash in short order.
Title: Re: Race from 10 too 100k!!
Post by: Treesworth on May 20, 2015, 11:35:42 PM
Some amazing efforts here. I think maybe we should be looking at a handicap 'prize' based on income and starting date as well as line honours.

I have just recently started my path to FIRE: $14,556 31/3/2015,$16,002.42 30/4/2015. Projecting a finishing date around... end of 2018.
Title: Re: Race from 10 too 100k!!
Post by: ash7962 on May 21, 2015, 09:29:13 AM
This really is the best kind of competition there is... just finishing the race means you're a winner!
Title: Re: Race from 10 too 100k!!
Post by: jooles on May 21, 2015, 09:50:10 AM
Are you talking about net worth or the specific balance of a savings or investment account? 

Does anyone have a goal for when they are trying to reach 100k?
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on May 21, 2015, 02:57:20 PM
Looks like I'm going to take a hit next month. Our driveway, which we've been saving up to repair (it's been going downhill for a while) has been very badly beaten up by the harsh winter this year. It's developed multiple large holes that pose a risk to people and property, so we've had to pull the trigger on a replacement.

I suppose I should be glad that thanks to saving up, I only have to hit my line of credit for about 40% of the total cost, but the idea of paying interest again grates. So I guess I'll be ploughing the money I've been investing into that to get it out ASAP. Just a minor setback, really, but irritating none the less.
Title: Re: Race from 10 too 100k!!
Post by: FoundPeace on May 22, 2015, 11:48:53 AM
It's been a busy month, but I just crunch my numbers from April: $50,742.21. I passed 50k! Halfway there. That's up about $31k since the start of the challenge.

Sadly it will take me a few more years to reach $100k because I'm planning on sinking about $50k into a down payment for a house next year.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on May 22, 2015, 11:56:54 AM
Are you talking about net worth or the specific balance of a savings or investment account? 

Does anyone have a goal for when they are trying to reach 100k?

Not everyone's racing the same way, I'm going by NW, and I know at least one or two others are going by investment accounts only

I think I'll be there in 2016Q1 but hoping to get as close as possible by the end of the year :-)  I would hope new racers keep joining all the time, so there's always someone near your starting point to race against and people ahead to try to catch up to!

It's been a busy month, but I just crunch my numbers from April: $50,742.21. I passed 50k! Halfway there

Congratulations, FoundPeace! I don't see why buying the home would slow your progress too much though, you'd count home value less loan value in your NW number right?
Title: Re: Race from 10 too 100k!!
Post by: KzooKendrick on May 24, 2015, 10:39:50 AM
Hey Everyone!

I've been tracking my net worth since I had to start paying back student loans in October 2012. Started at ($3,185) and am currently at $27,713.

I'm definitely joining this challenge and have already updated my information in the spreadsheet! My goal is to hit $100K NW by mid 2017. Love this "competition"!
Title: Re: Race from 10 too 100k!!
Post by: khotte on May 24, 2015, 10:52:19 AM
I'm in the same boat as KzooKendrick! Currently at $9775 and hoping to hit $100k NW by Q3 of 2017!
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on May 24, 2015, 11:10:03 AM
On course to hit $100k around Q4 2016/Q1 2017. Depends on markets and other stuff of course.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on May 25, 2015, 12:10:12 AM
Welcome Kzoo and khotte! You both seem to have excellent goals.


My own goal is to hit 100k by Feb 1, 2016. Difficult, but achievable I think. 
Title: Re: Race from 10 too 100k!!
Post by: FoundPeace on May 28, 2015, 11:54:40 AM
Congratulations, FoundPeace! I don't see why buying the home would slow your progress too much though, you'd count home value less loan value in your NW number right?

tarheeldan, that's a good idea. I've been trying to figure out a good way to deal with the mortgage and home values. I have been thinking about just counting my housing as an expense rather than an asset; I have a hard time counting my equity and mortgage as a part of my net worth because that is money that I will likely never see again.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on May 28, 2015, 01:50:31 PM
I see what you guys are on about. I don't think either way is "wrong".

My personal preference would be to include it.

So the home equity doesn't produce the X% real ROR that we hope invested assets will average out to. Instead, it'll keep up with inflation probably - but I don't see that as a reason not to count it. It's part of your total portfolio, right? So you pick your asset allocation including this chunk of very high specific risk, extra illiquid, likely 0% real return (I'm just teasing here) real estate. It would be weird to ignore a large chunk of your wealth in your asset allocation.

At any time you could theoretically sell the home for equity less transactions costs and then buy up some VTSAX.
Title: Re: Race from 10 too 100k!!
Post by: ash7962 on May 28, 2015, 02:02:59 PM
I'm also saving up some cash for the downpayment on a house, but I don't include that for the sake of this thread.  The downpayment funds currently exist in my bank account, and for this thread I'm only measuring the balance of my investment accounts.  Might not work for everyone if your future downpayment funds are also invested, but it might work for some.  The way I see it, when I retire I will live off of the money generated from my investment accounts only, so that is what I should be using to track my retirement progress.
Title: Re: Race from 10 too 100k!!
Post by: Treesworth on May 28, 2015, 06:19:09 PM
Looking towards recording end of month NW and it looks like I've gone backwards. I'm pretty bummed, its the first time I've experienced a backward step. The worst part is that it is not any special expenses or changed spending. It's just a spike in my investments at the end of last month and a drop this month combined with the timing of my pay. Hopefully the market stays down a bit and I can get a boost with a 3 pay check month.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on May 29, 2015, 11:08:58 AM
Looking towards recording end of month NW and it looks like I've gone backwards. I'm pretty bummed, its the first time I've experienced a backward step. The worst part is that it is not any special expenses or changed spending. It's just a spike in my investments at the end of last month and a drop this month combined with the timing of my pay. Hopefully the market stays down a bit and I can get a boost with a 3 pay check month.

Sounds like you'll be fine. Nothing to worry about. Investing is a marathon, not a sprint, as much as we would love it to be at times :).


Up 5k for May. OK for a 3 paycheck month with renter's and auto insurance due.
Title: Re: Race from 10 too 100k!!
Post by: TonyPlush on May 29, 2015, 08:41:41 PM
I calculated my net worth for the first time in months today: $98,060.

So close...
Title: Re: Race from 10 too 100k!!
Post by: bokonon on May 30, 2015, 04:17:47 AM
Down to the last $5k!  May was good for us because we both had a three pay check month.  June will not be as good as we are traveling expensively but I still have outside hope for $100k next month!

I should mention the number I put in here is the combined net worth of my wife and myself.  We have totally merged finances so this is how I  think of my net worth.  I also count the cash I am saving for a home down payment, and if I had a home I would probably count equity minus transaction costs because you could get that money out if you required it.  I don't count my cars because if I sold one I would have to replace it immediately.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on May 30, 2015, 05:50:36 AM
Nice! Looks like the first batch of graduates is coming up soon :-)

Treesworth - no worries! At some point stocks will *really* go on sale and NW will drop, but with share balances still increasing it'll be sweet on the upswing
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on May 30, 2015, 06:07:40 AM
Month turned out better than forecast. Up nearly $2k over last month. Slow but steady progress!

This month marks the end of one year of this challenge. How did you all fare? For me, I went from ~$8k to ~$36k. At this rate, it would take me 2 more years to hit $100k, but compounding should cut that down to about 1.5 years provided the market doesn't explode (about 50% chance it will). Of the $36k, about $24k is investments, so it won't compound as quickly as others who are taking this challenge with investments only.
Title: Re: Race from 10 too 100k!!
Post by: fb132 on May 30, 2015, 06:31:51 AM
This is a cool thread and a good motivator too to reach 100K$ ASAP. Now let's see my numbers. I have written down my networth since January 1st 2012,so I would say I had started really saving in 2011, before that my net worth hovered around 0$, I would never go in debt, but I wouldn't be saving anything really except by putting 25$ per month in my retirement account which is peanuts. Here are some stats:

January 1st 2012 net worth: 14 481.83$
January 1st 2013 net worth: 28 918.47$     Difference from the previous year: +14 436.64$
January 1st 2014 net worth: 45 459.98$     Difference from the previous year: +16 541.51$
January 1st 2015 net worth: 57 617.73$     Difference from the previous year: +12 157.75$
May 29th 2015 net worth: 69 810.94$         Difference between January1st 2015 net worth and May 29th): +12 193.21$

How much I need to reach 100K$:  30 189.06$

I started learning about MMM and saving more aggressively at the end of 2014 and it shows, I already amassed 12K$ in the last 5 months, so I am pretty confident I will save a minimum 7 K$ (as long as my investments don't go down) by the end of the year which would easily break my personal best of saving up 16K$ in one year in 2013. If things go well, I should hit 100K$ by 2017 (Hopefully before, but it all depends on how the stock mrket behaves in the next 2 years and if I don't get hit with high unexpected expenses). I am proud of myself, because I never thought I would ever come close of reaching it, especially with my low salary.

I just can't wait to hit the 100K$, hopefully the following 100K$ won't be as long.

For those who hit 100K$, how did you celebrate that achievement, I am planning to celebrate it by buying myself a treat, 2 lobsters to eat (I love eating lobster, but so expensive) :)
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on May 30, 2015, 06:39:59 AM
This is a cool thread and a good motivator too to reach 100K$ ASAP. Now let's see my numbers. I have written down my networth since January 1st 2012,so I would say I had started really saving in 2011, before that my net worth hovered around 0$, I would never go in debt, but I wouldn't be saving anything really except by putting 25$ per month in my retirement account which is peanuts. Here are some stats:

January 1st 2012 net worth: 14 481.83$
January 1st 2013 net worth: 28 918.47$     Difference from the previous year: +14 436.64$
January 1st 2014 net worth: 45 459.98$     Difference from the previous year: +16 541.51$
January 1st 2015 net worth: 57 617.73$     Difference from the previous year: +12 157.75$
May 29th 2015 net worth: 69 810.94$         Difference between January1st 2015 net worth and May 29th): +12 193.21$

How much I need to reach 100K$:  30 189.06$

I started learning about MMM and saving more aggressively at the end of 2014 and it shows, I already amassed 12K$ in the last 5 months, so I am pretty confident I will save a minimum 7 K$ by the end of the year which would easily break my personal best of saving up 16K$ in one year in 2013. If things go well, I should hit 100K$ by 2017 (Hopefully before, but it all depends on how the stock mrket behaves in the next 2 years and if I don't get hit with high unexpected expenses). I am proud of myself, because I never thought I would ever come close of reaching it, especially with my low salary.

I just can't wait to hit the 100K$, hopefully the following 100K$ won't be as long.

For those who hit 100K$, how did you celebrate that achievement, I am planning to celebrate it by buying myself a treat, 2 lobsters to eat (my favorite dish) :)

If you celebrate hard enough, you can relive hitting that $100k over and over again... with more celebrations each time!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on May 30, 2015, 10:10:07 AM
For those who hit 100K$, how did you celebrate that achievement, I am planning to celebrate it by buying myself a treat, 2 lobsters to eat (I love eating lobster, but so expensive) :)

I'll let you know in a couple days :-D
Title: Re: Race from 10 too 100k!!
Post by: Suit on May 30, 2015, 12:41:59 PM

This month marks the end of one year of this challenge. How did you all fare?

I'm up about $48k since this started! At this rate I'll likely see 100k NW in 2017.
Title: Re: Race from 10 too 100k!!
Post by: McStache on May 30, 2015, 03:16:29 PM
I'm up $54k since the start of the challenge and am on track to see six figures by the end of the year.  Every month I see the dial move a bit, but it's crazy to step back and see that sort of year-to-year change.
Title: Re: Race from 10 too 100k!!
Post by: bye-bye Ms. FancyPants on May 30, 2015, 05:05:05 PM
I want in (late I know) -investments (cash) only, beginning of the year = $53,940.00. May 2015 = $66,564.00. Looking to add another at least another $17,000 to total by the end of the year. Year end goal - $84,000.00. Man, wouldn't be nice to hit that 100,000 by the end of the year?? Hummmmmm. **side hustle, OT, re-budget**
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on May 30, 2015, 09:24:25 PM
I'll let you know in a couple days :-D

Haha. Quite fitting for the 1 year anniversary of the 'sheet. Congratulations!! :)

This month marks the end of one year of this challenge. How did you all fare? For me, I went from ~$8k to ~$36k. At this rate, it would take me 2 more years to hit $100k, but compounding should cut that down to about 1.5 years provided the market doesn't explode (about 50% chance it will). Of the $36k, about $24k is investments, so it won't compound as quickly as others who are taking this challenge with investments only.

I actually started tracking my NW in June, but the one year increase should be 53-54K, about 10k more than I thought I could muster!

Title: Re: Race from 10 too 100k!!
Post by: Hey It's Me on May 31, 2015, 07:20:58 AM
Just graduated this Thursday, and ended May with a $16.5K net worth, an increase of roughly 4.1K per month since I started working in February. My salary is 3.5K per month gross... It's been a good first half of the year!!
Title: Re: Race from 10 too 100k!!
Post by: tlps on May 31, 2015, 09:07:34 AM
Net worth increase of £761.48 for May 2015

from £2326.44 to £3087.92 increase of 32.7%.........3.1% of the way to £100k
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on May 31, 2015, 10:04:12 AM
Just graduated this Thursday, and ended May with a $16.5K net worth, an increase of roughly 4.1K per month since I started working in February. My salary is 3.5K per month gross... It's been a good first half of the year!!

Excellent start. Congrats on graduating!
Title: Re: Race from 10 too 100k!!
Post by: Hey It's Me on May 31, 2015, 11:16:39 AM
Just graduated this Thursday, and ended May with a $16.5K net worth, an increase of roughly 4.1K per month since I started working in February. My salary is 3.5K per month gross... It's been a good first half of the year!!

Excellent start. Congrats on graduating!

Thank you! All thanks to MMM and the community :D
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on June 01, 2015, 04:54:31 AM
Beginning of May update:
Cash/Savings: $7,772
Mutual Funds (non-retirement, house savings): $10,686
Work Retirement Accounts: $35,726
NW: $54,184 (increase of $1,651)

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)
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on June 01, 2015, 05:15:46 AM
Seems to be very consistent wiggle!
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on June 01, 2015, 06:38:39 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
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on June 01, 2015, 10:17:51 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

It was close this month, we had 2 weeks in Taiwan visiting family.  A fifth paycheck last month helped to boost us over the 100k mark while also making an early payment on our mortgage.  I could have delayed the payment a couple days and boosted our numbers more, but I did enjoy the drive to reduce spending more knowing that I had only $x before dipping below $100k.

For celebration, well, we didn't really plan anything ahead of time, but I did have a beer at a restaurant while singing to myself:

"I'm mister fancy pants with a networth of $100k,
I'm mister fancy pants, sipping a $6 beer
which I could have bought at the store for $1.50
ohhhhhh, yeahhhh
I'm mister fancy pants."

But really, how do people justify getting not just one beer, but multiple beers at a restaurant, which I did witness there?  And not just on a special occasion, like hitting a new high on net worth, but at nearly every dinner out?  I couldn't stop thinking of the fact that I could nearly have bought a 6 pack for the price of a single beer, and at one table the cost of their drinks was more than our meal, which we also took home and had for dinner with some rice and veggies that night.

Congratulations to everyone else who has been building their net worth.  It's been an amazing year to watch all these numbers going up, and the encouragement every month seeing people reach for new heights.
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on June 01, 2015, 10:29:32 AM
Forum tells me I already posted this, but I'm sure not seeing it. So apologies if this is a repost.

Small but respectable increase this month, given all the things trying to suck up my gains. Up by ~$650 to $17 750, a gain of about 3.15%.

I've been trying to cut expenses without overly impacting the stuff I enjoy, but man is it getting hard. Especially with my wife on mat leave, the free cash flow is pretty tight.

Also, congrats ohyonghao for 'graduating'!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on June 01, 2015, 12:01:04 PM
5/31/15: $100,323.89

Congratulations to everyone else who has been building their net worth.  It's been an amazing year to watch all these numbers going up, and the encouragement every month seeing people reach for new heights.

Congratulations, ohyonghao!!!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on June 01, 2015, 07:19:03 PM
This month marks the end of one year of this challenge. How did you all fare?

Net Worth went up 45k this year, and now over 14% of the way towards FI!
Title: Re: Race from 10 too 100k!!
Post by: Suit on June 01, 2015, 07:28:39 PM
4/30/15: $94,786.61
5/31/15: $100,323.89

Woot! Well done! Plan to join the 100k-250k posting now?
Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 on June 02, 2015, 10:14:43 AM
5/31/14: $48,054.09
---
4/30/15: $94,786.61
5/31/15: $100,323.89

CONGRATS!! What an awesome achievement!

Our May numbers are in and:

March: 33,929.50, +11.15%
April: 36,544.04, +7.71%
May: 38,327.20, +4.88%

Our increase this month wasn't as big as I would have liked, but we paid ~$3k in tuition, so that's an expense that's worth it. :)

I had to go back and revise our NW for the year so far since I was getting conflicting numbers based on which software I used. I ended up just making a spreadsheet to track it manually. The March/April numbers I posted here previously were actually too low.

Next month we'll definitely hit the big 4-0! Exciting!
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on June 03, 2015, 05:51:15 AM
Seems to be very consistent wiggle!

Thanks :)  My month to month comes in pretty consistent but would still love to improve things especially after seeing the month to month progress some others in this thread are making.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on June 03, 2015, 07:27:40 AM
Seems to be very consistent wiggle!

Thanks :)  My month to month comes in pretty consistent but would still love to improve things especially after seeing the month to month progress some others in this thread are making.

Fiancee and I are gaining about what you are every month. It's about $2000 +/- market gains/losses. I think I will have some free time to devote to some side work in a couple of months that might help increase this number, but we'll see of course :).
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on June 04, 2015, 11:00:15 AM
my networth has gone from -$52745 to -$23,782.18 in one year!

Stashing just around 29k in a year is awesome! Congrats!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on June 04, 2015, 11:03:05 AM
Stats time!

In the year ending May 31, 2015 the 30 'stachers with up-to-date NW in the spreadsheet:

Cumulatively stashed $1,089,612.54 !!!

The most improved (largest absolute increase) goes to bokonon (83,473)!

The average (mean) increase was 36,320.42

The median increase was just a hair lower at 32,476.67
Title: Re: Race from 10 too 100k!!
Post by: link_417 on June 04, 2015, 11:59:24 AM
Stats time!

In the year ending May 31, 2015 the 30 'stachers with up-to-date NW in the spreadsheet:

Cumulatively stashed $1,089,612.54 !!!


Congrats to everyone!  I look forward to joining the race January 1.
Title: Re: Race from 10 too 100k!!
Post by: khotte on June 05, 2015, 08:37:05 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

It was close this month, we had 2 weeks in Taiwan visiting family.  A fifth paycheck last month helped to boost us over the 100k mark while also making an early payment on our mortgage.  I could have delayed the payment a couple days and boosted our numbers more, but I did enjoy the drive to reduce spending more knowing that I had only $x before dipping below $100k.

For celebration, well, we didn't really plan anything ahead of time, but I did have a beer at a restaurant while singing to myself:

"I'm mister fancy pants with a networth of $100k,
I'm mister fancy pants, sipping a $6 beer
which I could have bought at the store for $1.50
ohhhhhh, yeahhhh
I'm mister fancy pants."

But really, how do people justify getting not just one beer, but multiple beers at a restaurant, which I did witness there?  And not just on a special occasion, like hitting a new high on net worth, but at nearly every dinner out?  I couldn't stop thinking of the fact that I could nearly have bought a 6 pack for the price of a single beer, and at one table the cost of their drinks was more than our meal, which we also took home and had for dinner with some rice and veggies that night.

Congratulations to everyone else who has been building their net worth.  It's been an amazing year to watch all these numbers going up, and the encouragement every month seeing people reach for new heights.

Congrats ohyonghao! Now you can graduate to the: http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/ (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/) race!
Title: Re: Race from 10 too 100k!!
Post by: MEJG on June 05, 2015, 08:56:48 AM
I've been on a LONG Hiatus from MMM.... Can I join even at negative NW?

End of May:  -$59,533.84
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on June 05, 2015, 10:00:01 AM
I've been on a LONG Hiatus from MMM.... Can I join even at negative NW?

End of May:  -$59,533.84

Of course! :)
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on June 05, 2015, 06:09:13 PM
5/31/14: $48,054.09
---
4/30/15: $94,786.61
5/31/15: $100,323.89

Congrats ohyonghao! Now you can graduate to the: http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/ (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/) race!

Sweet, I was wondering what to do next, the $1million NW isn't very interesting to me since my long term plan includes moving to a place with a cost of living that can be sustained on a 4% SWR with $300k :-D
Title: Re: Race from 10 too 100k!!
Post by: khotte on June 05, 2015, 06:39:00 PM
Awesome! Where are you looking to move to?


Sent from my iPhone using Tapatalk
Title: Re: Race from 10 too 100k!!
Post by: kpd905 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.
Title: Re: Race from 10 too 100k!!
Post by: bokonon 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!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange 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
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator 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!!
Title: Re: Race from 10 too 100k!!
Post by: JLee 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. :)
Title: Re: Race from 10 too 100k!!
Post by: Wiggle 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.
Title: Re: Race from 10 too 100k!!
Post by: Pooplips 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!
Title: Re: Race from 10 too 100k!!
Post by: jooles 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!
Title: Re: Race from 10 too 100k!!
Post by: Eristheunorganized 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.
Title: Re: Race from 10 too 100k!!
Post by: johnny847 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.
Title: Re: Race from 10 too 100k!!
Post by: Eristheunorganized 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.
Title: Re: Race from 10 too 100k!!
Post by: johnny847 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 ;)
Title: Re: Race from 10 too 100k!!
Post by: fb132 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.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman 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.
Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 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!
Title: Re: Race from 10 too 100k!!
Post by: CanIndian 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.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange 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.
Title: Re: Race from 10 too 100k!!
Post by: Bart1ma3u5 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.
Title: Re: Race from 10 too 100k!!
Post by: fb132 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.
Title: Re: Race from 10 too 100k!!
Post by: MEJG 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.
Title: Re: Race from 10 too 100k!!
Post by: johnny847 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.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan 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 :-)
Title: Re: Race from 10 too 100k!!
Post by: Treesworth 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.
Title: Re: Race from 10 too 100k!!
Post by: ash7962 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.
Title: Re: Race from 10 too 100k!!
Post by: Apples 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.
Title: Re: Race from 10 too 100k!!
Post by: hope2retire 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
Title: Re: Race from 10 too 100k!!
Post by: KzooKendrick 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.


Sent from my iPhone using Tapatalk
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 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! :)
Title: Re: Race from 10 too 100k!!
Post by: frogger 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
Title: Re: Race from 10 too 100k!!
Post by: MVal 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!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange 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!
Title: Re: Race from 10 too 100k!!
Post by: Rodgers12 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.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange 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!
Title: Re: Race from 10 too 100k!!
Post by: Runningtuff 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.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on July 24, 2015, 10:25:12 PM


Paid off my student loan this month

Congratulations!!

Sent from my Nexus 6 using Tapatalk

Title: Re: Race from 10 too 100k!!
Post by: markbike528CBX 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!
Title: Re: Race from 10 too 100k!!
Post by: JLee 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!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan 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!
Title: Re: Race from 10 too 100k!!
Post by: FrugalShrew 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.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan 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.
Title: Re: Race from 10 too 100k!!
Post by: FrugalShrew 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. 
Title: Re: Race from 10 too 100k!!
Post by: Pooplips 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.
Title: Re: Race from 10 too 100k!!
Post by: JLee 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!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao 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.
Title: Re: Race from 10 too 100k!!
Post by: Eristheunorganized 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.
Title: Re: Race from 10 too 100k!!
Post by: bokonon 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!

Title: Re: Race from 10 too 100k!!
Post by: tarheeldan 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
Title: Re: Race from 10 too 100k!!
Post by: fb132 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$ :)
Title: Re: Race from 10 too 100k!!
Post by: Pooperman 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.
Title: Re: Race from 10 too 100k!!
Post by: starterstache on August 01, 2015, 08:24:41 AM
Just crossed the $50K mark yesterday!  $50,255 to be exact :)  Hope to be reaching the 100K mark by the end of next year.  Great work everyone :)
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on August 01, 2015, 10:31:29 AM
Jan 2015: 69.8k
Feb 2015: 73.8k (Back over 70k!)
March 2015: 76.6k
April 2015: $82.7k
May 2015: $85.1k
June 2015: $85.9k

July 2015: $88.9k

I"m paid biweekly and had a 3 paycheck month so that helped quite a bit.
I've moved to my new place now, which sadly costs about $400/month more.

I should cross $90k next month!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 01, 2015, 05:31:50 PM
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!

Sweet! Accelerating into the home stretch!

Congrats to our new grad, Bokonon! Looks like more good progress across the board. I was up $4900. Can't complain. Getting an unexpected 2% col raise this month, in addition to the usual one in the fall.

Title: Re: Race from 10 too 100k!!
Post by: Eristheunorganized on August 01, 2015, 08:37:47 PM
Congratulations everybody!
Title: Re: Race from 10 too 100k!!
Post by: CanIndian on August 02, 2015, 07:00:25 AM
...

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
...

Deceivingly high NW gains this month. Net savings were only $2000(27%), but some market gains, Forex gains due to loonie falling and recalculation and consolidation of all offshore accounts put the NW gains at $8700.
On track to hit 90k by Dec 2015 and 100K by Mar 2016.

May 2015: $63,000
June 2015: $65,550
July 2015: $74,250
Title: Re: Race from 10 too 100k!!
Post by: psinguine on August 02, 2015, 04:29:15 PM
I was really excited to get in on the race. But then I started adding things up.

Assets

My 1st Chequing - $165
My 2nd Chequing - $2850
My Wife's Chequing - $4150
My Short Term Savings - $3850
My Pension - $3000
My Wife's Pension - $4500
My Wife's TFSA - $1500
My Wife's RRSP - $1500
Our Primary Residence - $150,000
Our Secondary Property - $55,000

Total Assets - $225,515

Liabilities

Wife's Dental Loan - $7150
Primary Mortgage - $15,000
Secondary Mortgage - $48,500

Total Liabilities - $70,650

Total Net Worth - $155,865


I have to admit, I am incredibly surprised. I thought we were doing a lot worse than that. Sadly, however, that also means that I graduated from this race before I even started. And the next jump (to a quarter million) seems so impossibly far away.
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine on August 02, 2015, 04:49:58 PM
Hi all,

Better month for me - up $3,650 now that an end to medical expenses is in sight.

I am only counting immediately accessible assets for this challenge but have reached a milestone in my Super (Australian Retirement Savings accessible after 65) - now over $150K.

Keep it up all!
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on August 04, 2015, 11:27:44 AM
I was really excited to get in on the race. But then I started adding things up.

Assets

My 1st Chequing - $165
My 2nd Chequing - $2850
My Wife's Chequing - $4150
My Short Term Savings - $3850
My Pension - $3000
My Wife's Pension - $4500
My Wife's TFSA - $1500
My Wife's RRSP - $1500
Our Primary Residence - $150,000
Our Secondary Property - $55,000

Total Assets - $225,515

Liabilities

Wife's Dental Loan - $7150
Primary Mortgage - $15,000
Secondary Mortgage - $48,500

Total Liabilities - $70,650

Total Net Worth - $155,865


I have to admit, I am incredibly surprised. I thought we were doing a lot worse than that. Sadly, however, that also means that I graduated from this race before I even started. And the next jump (to a quarter million) seems so impossibly far away.

Join the 100K to 250k thread! onward and upward
Title: Re: Race from 10 to 100k!!
Post by: johnny847 on August 04, 2015, 03:03:25 PM
5/31/2014: -$14,743
6/30/2014: -$7196
7/31/2014: $2017
8/31/2014: $5508
9/30/2014: $10,128
10/31/2014: $14,610
11/30/2014: $21,118
12/31/2014: $24,603
1/31/2015: $22,583
2/28/2015: $27,828
3/31/2015: $35,302
4/30/2015: $41,762
5/31/2015: $47,324
6/30/2015: $50,866
7/31/2015: $38,419

Well I'm glad most of you are making solid progress! Let me be the cautionary waisty-pants buffoon this month. Last July I downgraded my car and saw a big leap in net worth. This July, I gave in to temptation and bought a car from my credit union's repossession auction (for $4k under KBB). So there you see the huge dip in net worth!

Can't you just turn that around and sell it for ~$4k profit?
Title: Re: Race from 10 too 100k!!
Post by: JLee on August 05, 2015, 12:05:19 PM
I was really excited to get in on the race. But then I started adding things up.

Assets

My 1st Chequing - $165
My 2nd Chequing - $2850
My Wife's Chequing - $4150
My Short Term Savings - $3850
My Pension - $3000
My Wife's Pension - $4500
My Wife's TFSA - $1500
My Wife's RRSP - $1500
Our Primary Residence - $150,000
Our Secondary Property - $55,000

Total Assets - $225,515

Liabilities

Wife's Dental Loan - $7150
Primary Mortgage - $15,000
Secondary Mortgage - $48,500

Total Liabilities - $70,650

Total Net Worth - $155,865


I have to admit, I am incredibly surprised. I thought we were doing a lot worse than that. Sadly, however, that also means that I graduated from this race before I even started. And the next jump (to a quarter million) seems so impossibly far away.
You're over halfway there already!
Title: Re: Race from 10 too 100k!!
Post by: FrugalShrew on August 05, 2015, 01:01:19 PM
I was really excited to get in on the race. But then I started adding things up.

Assets

My 1st Chequing - $165
My 2nd Chequing - $2850
My Wife's Chequing - $4150
My Short Term Savings - $3850
My Pension - $3000
My Wife's Pension - $4500
My Wife's TFSA - $1500
My Wife's RRSP - $1500
Our Primary Residence - $150,000
Our Secondary Property - $55,000

Total Assets - $225,515

Liabilities

Wife's Dental Loan - $7150
Primary Mortgage - $15,000
Secondary Mortgage - $48,500

Total Liabilities - $70,650

Total Net Worth - $155,865


I have to admit, I am incredibly surprised. I thought we were doing a lot worse than that. Sadly, however, that also means that I graduated from this race before I even started. And the next jump (to a quarter million) seems so impossibly far away.
You're over halfway there already!

And you're only 5k further from 250k than those of starting this race at 10k are from 100k :D
Title: Re: Race from 10 too 100k!!
Post by: MEJG on August 06, 2015, 12:52:41 PM
5/31/2015: -$59,533
6/30/2015: -$55,028
7/31/2015: -40,621

Huge jump this month!  Had some interest from a large loan forgiven.  We certainly don't expect 5 figure changes every month :)
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on August 06, 2015, 12:57:25 PM
5/31/2015: -$59,533
6/30/2015: -$55,028
7/31/2015: -40,621

Huge jump this month!  Had some interest from a large loan forgiven.  We certainly don't expect 5 figure changes every month :)

Nice!  That's fantastic progress.  Keep it going and you'll be at the starting line in no time.
Title: Re: Race from 10 too 100k!!
Post by: kpd905 on August 07, 2015, 05:12:04 PM
Well, we got married 2 weeks ago and spent way less on the wedding than I was prepared for, so I maxed out both of our traditional IRAs for the year.  This brings us up to about $92,400 in investments.  I am hoping that we will hit $100k sometime in October or early November.
Title: Re: Race from 10 too 100k!!
Post by: Woodro85 on August 13, 2015, 08:51:52 PM
29M in Canada, 82k salary. Newbie to the forum, and started my Journey with MMM just a couple months ago. I certainly was living a similiar path trying to get out of student loan and clown-car debt, but MMM definitely helped me realize the possibilities and how to get there! NW was negative for many years before this start date. I've done what feels like tremendous work and halfway to the 100k networth now IF I include my Defined benefits pension (what are peoples thoughts on including this? i've read conflicting theories).

Anyway, since the start of this "race":
6/1/2014   $2,412.33
7/1/2014   $4,975.97
8/1/2014   $7,970.02
9/1/2014   $8,705.61
10/1/0204   $12,429.31
11/1/2014   $14,805.83
12/1/2014   $16,910.20
1/1/2015   $19,405.41
2/1/2015   $22,499.52
3/1/2015   $20,136.84
4/1/2015   $19,879.58
5/1/2015   $23,874.52
6/1/2015   $30,000.00
7/1/2015   $37,946.41
8/1/2015   $52,700.00
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on August 14, 2015, 10:09:51 AM
Welcome Woodro85! Looks like you saved just about 55% of gross over the past 12 months. Awesome!
Title: Re: Race from 10 too 100k!!
Post by: fb132 on August 14, 2015, 10:14:32 AM
29M in Canada, 82k salary. Newbie to the forum, and started my Journey with MMM just a couple months ago. I certainly was living a similiar path trying to get out of student loan and clown-car debt, but MMM definitely helped me realize the possibilities and how to get there! NW was negative for many years before this start date. I've done what feels like tremendous work and halfway to the 100k networth now IF I include my Defined benefits pension (what are peoples thoughts on including this? i've read conflicting theories).

Anyway, since the start of this "race":
6/1/2014   $2,412.33
7/1/2014   $4,975.97
8/1/2014   $7,970.02
9/1/2014   $8,705.61
10/1/0204   $12,429.31
11/1/2014   $14,805.83
12/1/2014   $16,910.20
1/1/2015   $19,405.41
2/1/2015   $22,499.52
3/1/2015   $20,136.84
4/1/2015   $19,879.58
5/1/2015   $23,874.52
6/1/2015   $30,000.00
7/1/2015   $37,946.41
8/1/2015   $52,700.00
I include all my pre tax investments, for example, at work, 45$ each pay is automatically deducted towards my work RRSP and my employers pay also 45$ each pay towards my work RRSP. Therefore it is like I receive 90$ of income and 90$ of that income goes towards investments...then my paycheck also goes towards income category, and my money invested with Questrade is also added in my investment categories....so yes you should include them because you are afterall investing with the difference that it is done automatically from your paycheck instead of manually doing it yourself.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on August 14, 2015, 10:16:33 AM
29M in Canada, 82k salary. Newbie to the forum, and started my Journey with MMM just a couple months ago. I certainly was living a similiar path trying to get out of student loan and clown-car debt, but MMM definitely helped me realize the possibilities and how to get there! NW was negative for many years before this start date. I've done what feels like tremendous work and halfway to the 100k networth now IF I include my Defined benefits pension (what are peoples thoughts on including this? i've read conflicting theories).

Anyway, since the start of this "race":
6/1/2014   $2,412.33
7/1/2014   $4,975.97
8/1/2014   $7,970.02
9/1/2014   $8,705.61
10/1/0204   $12,429.31
11/1/2014   $14,805.83
12/1/2014   $16,910.20
1/1/2015   $19,405.41
2/1/2015   $22,499.52
3/1/2015   $20,136.84
4/1/2015   $19,879.58
5/1/2015   $23,874.52
6/1/2015   $30,000.00
7/1/2015   $37,946.41
8/1/2015   $52,700.00
I include all my pre tax investments, for example, at work, I pay 45$ each pay towards my work RRSP and my employers pay also 45$ each pay towards my work RRSP. There for I receive 90$ of income and 90$ of investments...then my paycheck also goes towards income, and my investments with Questrade is also added in my investment categories....so yes you should include them because you are afterall investing with the difference that is done automatically from your paycheck instead of manually doing it yourself.

I agree. Count it. I only count the vested portion for these sorts of things.
Title: Re: Race from 10 too 100k!!
Post by: JLee on August 14, 2015, 10:54:33 AM
I'm so close...got paid again, 401k contribution is out of my check but hasn't hit Vanguard yet, so I'm adding it anyway.

$7725.02 net cash (zeroing current CC balance)
$38912.77 house equity
$3085.31 employer stock
$3136.02 Franklin Templeton
$43,068.59 Vanguard

$96,975.13

SO CLOSE!!!  I even spent ~$450 I wouldn't have normally spent this month...definitely makes me want to curb spending even more so I break 100k, hahaha...
Title: Re: Race from 10 too 100k!!
Post by: TonyPlush on August 17, 2015, 08:52:00 AM
I calculated my net worth for the first time in months today: $98,060.

So close...
Calculated it today: $104K!!!

Feels pretty damn good.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on August 17, 2015, 09:02:04 AM
Congratulations, TonyPlush!!
Title: Re: Race from 10 too 100k!!
Post by: fb132 on August 17, 2015, 10:45:50 AM
I calculated my net worth for the first time in months today: $98,060.

So close...
Calculated it today: $104K!!!

Feels pretty damn good.
Congrats :) Now you can join the 100-250K club.
Title: Re: Race from 10 too 100k!!
Post by: FrugalShrew on August 17, 2015, 10:57:24 AM
I calculated my net worth for the first time in months today: $98,060.

So close...
Calculated it today: $104K!!!

Feels pretty damn good.

Congratulations!! :)
Title: Re: Race from 10 too 100k!!
Post by: jooles on August 17, 2015, 11:58:20 AM
Added 1k to the savings this week.
Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 on August 17, 2015, 12:34:06 PM
Belated July NW post, since we've been on vacation and busy with the end of the summer semester etc.

July: $48,495.61, +13.21%

Pretty sure we'll reach $60k by the end of the year! (There will be a ~$5.6k tuition payment coming up so that will set us back a little.)
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on August 17, 2015, 01:56:20 PM
So, my old company was bought (which is part of why I left). As a result, I got my match vested when it otherwise wouldn't be. Networth + $1,250 :D. Should be just a bit higher than $38k at the end of this month, depending on how much is spent over the next two weeks and whether or not the paycheck comes on the 31st or 1st. It's good to be on the way up after floundering for the last few months!
Title: Re: Race from 10 too 100k!!
Post by: FIPurpose on August 18, 2015, 09:23:04 AM
I also have now finished the competition! I am only counting liquid investments in my number. My current goal is to make to $500k by mid 2019, and then slow travel the globe for a year.

Summary:
05/2014 - $17k
06/2014 - $18k
07/2014 - $25k
08/2014 - $32k
09/2014 - $34k
10/2014 - $38k
11/2014 - $44k (wife changed jobs and about doubled her pay)
12/2014 - $47k
01/2015 - $55k (nice money from bonus time)
02/2015 - $63k
03/2015 - $69k
04/2015 - $75k
05/2015 - $80k
06/2015 - $89k (wife got a nice bonus!)
07/2015 - $95k
08/2015 - $100k (as of the 18th)

Here's to getting to $500k quickly!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on August 18, 2015, 11:27:22 AM
Good job, TonyPlush and Flyingcircle!!!
Title: Re: Race from 10 too 100k!!
Post by: ranchingretirement on August 21, 2015, 09:05:37 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!
Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 on August 21, 2015, 09:43:29 PM
Welcome! Sounds like you guys are well on your way! We're shooting for $100k by mid-2016 too :D
Title: Re: Race from 10 too 100k!!
Post by: fb132 on August 24, 2015, 04:20:50 PM
I haven't calculated my networth of August yet, but I could already tell my networth will go down for the second time this year because of the stock market. On one side, I am super happy that I will buying some shares on sale when September hits (unless there's an amazing recovery)...but on the other hand, it is sad when you see your networth go down.
Title: Re: Race from 10 too 100k!!
Post by: JLee on August 24, 2015, 06:35:25 PM
Yeah...I don't anticipate posting many updates here in the near future.  :P
Title: Re: Race from 10 too 100k!!
Post by: CanIndian on August 31, 2015, 05:44:36 AM
May 2015: $63,000
June 2015: $65,550
July 2015: $74,250
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
Title: Re: Race from 10 too 100k!!
Post by: ahueston on August 31, 2015, 08:33:43 AM
Just wanted to say good luck everyone in this tread.  I enjoy reading all of your success stories.

Keep it up!
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on August 31, 2015, 02:29:41 PM
Despite the headwinds, initial calculations show a new worth of $37,759.70 (up from $35,569.17). Much of this is due to a combination of not spending everything we earned this month and getting the 401k match that wasn't vested when I moved it over to an IRA. I ended up with this money (about $1200) due to the previous company being acquired by another at the time of my leaving and moving 401k providers. Finally passed the old high-water mark set in May ($36,579.20). Hopefully future months are better to our net worth than the past few have been!
Title: Re: Race from 10 too 100k!!
Post by: frogger on August 31, 2015, 08:37:11 PM
Hmm, tough summer. Not getting paid for three months, plus moving, plus some adventures makes for a trend in the wrong direction.

Jun 30: $20,200
Jul 31: $19,250
Aug 31: $15,350

Ouch. First paycheck at the new job arrives in ~two weeks. Looking forward to starting in the right direction again!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on September 01, 2015, 12:09:20 AM
Up $1,744. Slowest month on the spreadsheet for me I believe, despite earning a decent amount of overtime. The market giveth, and the market taketh away....
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on September 01, 2015, 06:16:37 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


9/1/2015 - $73,706.00

Still moving up!
Title: Re: Race from 10 too 100k!!
Post by: fb132 on September 01, 2015, 07:32:23 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$
August: 71 906,04$

For the second time this year, my networth is down from the previous month. I managed to invest 717,55$ this month, but it wasn't enough for my networth to go up because of the stock market small correction. It was the biggest drop this year and all my investments took a hit.
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on September 01, 2015, 09:54:26 AM
Forgot to do last month, as I was on vacation, so this reflects two of months.

The big news is I found an RRSP account I had at a job I had 10 years ago that I'd forgotten about, which has just under 16k in it! The other investments are down due to the market, and I've been paying off the concrete we had to replace in July so not as much money going into the FI fund.

The good news is we managed the concrete without debt by saving up for it, which is a nice change from old spendy me. I do need to put some money back in a few budget categories we pillaged to avoid debt, though, so it'll slow down capital deployment for a few more months.

Since June, we've gone from $17,736.00 to $33,380, a jump of 88%! (Just wish I could keep that up!)
Title: Re: Race from 10 too 100k!!
Post by: Woodro85 on September 01, 2015, 10:54:39 AM

8/1/2015   $52,700.00

Was able to do pretty well last month all things considered! Actually hoping for a decent, much better than inflation raise this month too. But that's still hoping and unconfirmed. If it happens, I will split 50/50 of the raised amount to a debt and into increasing my TFSA contributions.

Up to
9/1/2015 - $57,358.64
Title: Re: Race from 10 too 100k!!
Post by: fb132 on September 01, 2015, 12:43:55 PM
Forgot to do last month, as I was on vacation, so this reflects two of months.

The big news is I found an RRSP account I had at a job I had 10 years ago that I'd forgotten about, which has just under 16k in it! The other investments are down due to the market, and I've been paying off the concrete we had to replace in July so not as much money going into the FI fund.

The good news is we managed the concrete without debt by saving up for it, which is a nice change from old spendy me. I do need to put some money back in a few budget categories we pillaged to avoid debt, though, so it'll slow down capital deployment for a few more months.

Since June, we've gone from $17,736.00 to $33,380, a jump of 88%! (Just wish I could keep that up!)
How do you forgot something important like an RRSP lol...I am sure your newly found RRSP has gone through the roof since it hasn't been touched. Plus, usually you have to send your RRSP slips when doing your tax returns, I am surprised that no one mentionned it.
Title: Re: Race from 10 too 100k!!
Post by: Eristheunorganized on September 01, 2015, 12:54:46 PM
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.
Title: Re: Race from 10 too 100k!!
Post by: seanc0x0 on September 01, 2015, 02:47:35 PM
Forgot to do last month, as I was on vacation, so this reflects two of months.

The big news is I found an RRSP account I had at a job I had 10 years ago that I'd forgotten about, which has just under 16k in it! The other investments are down due to the market, and I've been paying off the concrete we had to replace in July so not as much money going into the FI fund.

The good news is we managed the concrete without debt by saving up for it, which is a nice change from old spendy me. I do need to put some money back in a few budget categories we pillaged to avoid debt, though, so it'll slow down capital deployment for a few more months.

Since June, we've gone from $17,736.00 to $33,380, a jump of 88%! (Just wish I could keep that up!)
How do you forgot something important like an RRSP lol...I am sure your newly found RRSP has gone through the roof since it hasn't been touched. Plus, usually you have to send your RRSP slips when doing your tax returns, I am surprised that no one mentionned it.

It was with a firm I never check (not even set up for online access), and so it was easy to forget about when it came to this. Also, no contributions and no withdrawals means nothing for taxes, so it's easy to overlook.  I wasn't at that job very long, as they closed the local office I was employed at about a year after I started.

The MER is no good (~2%) and the options are somewhat limited, so I'll be transferring it into my other RRSP.
Title: Re: Race from 10 too 100k!!
Post by: mrteacher on September 01, 2015, 04:58:57 PM
Jumping in!

My financial year goes from 9/1 to 8/31, as I am a teacher and my salary change kicks in during September. It makes more sense for me that way. So, here we go:

Roth IRA: $33,598.33
VTSAX: $12,199.90
Savings/Checking: $20,408.84
Pension: $5,280
Car: ~$7,000

9/1/2015: $78,482.07

I'd like to hit $100,000 by next summer, given that I am saving/investing roughly $1400-$1800/month.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on September 01, 2015, 05:04:04 PM

8/1/2015$52,700.00

Was able to do pretty well last month all things considered! Actually hoping for a decent, much better than inflation raise this month too. But that's still hoping and unconfirmed. If it happens, I will split 50/50 of the raised amount to a debt and into increasing my TFSA contributions.

Up to
9/1/2015 - $57,358.64
Good luck on the raise!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on September 01, 2015, 05:05:25 PM
Jumping in!

My financial year goes from 9/1 to 8/31, as I am a teacher and my salary change kicks in during September. It makes more sense for me that way. So, here we go:

Roth IRA: $33,598.33
VTSAX: $12,199.90
Savings/Checking: $20,408.84
Pension: $5,280
Car: ~$7,000

9/1/2015: $78,482.07

I'd like to hit $100,000 by next summer, given that I am saving/investing roughly $1400-$1800/month.
Welcome!
Title: Re: Race from 10 too 100k!!
Post by: Middlesbrough on September 01, 2015, 08:25:50 PM
Company match came in later than the last couple years. Help offset market downturns.
Title: Re: Race from 10 too 100k!!
Post by: Rodgers12 on September 02, 2015, 06:21:52 AM
Well just like most people the market brought my net worth down in August. First time this year my net worth decreased. The good news is it wasn't self inflicted (ie creating debt). Hopefully I can save even more the next few months to capitalize on lower stock prices and keep making my net worth climb north.

7/31/2015: $36,978
8/31/2015: $34,949
Title: Re: Race from 10 too 100k!!
Post by: JLee 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.
Title: Re: Race from 10 too 100k!!
Post by: katthjul 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
Title: Re: Race from 10 too 100k!!
Post by: carozy 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!  :)
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on September 02, 2015, 04:54:07 PM
Welcome back, carozy!! And welcome to all the other new posters!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan 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 :/
Title: Re: Race from 10 too 100k!!
Post by: SpareChange 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!!
Title: Re: Race from 10 too 100k!!
Post by: ash7962 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.
Title: Re: Race from 10 too 100k!!
Post by: zephyr911 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.
Title: Re: Race from 10 too 100k!!
Post by: carozy 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.  :(
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan 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 :-)
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan 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.
Title: Re: Race from 10 too 100k!!
Post by: carozy 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!
Title: Re: Race from 10 too 100k!!
Post by: NJAbroad 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
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan 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!
Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 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
Title: Re: Race from 10 too 100k!!
Post by: FoundPeace 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.
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao 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.
Title: Re: Race from 10 too 100k!!
Post by: ranchingretirement 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.
Title: Re: Race from 10 too 100k!!
Post by: FoundPeace 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.
Title: Re: Race from 10 too 100k!!
Post by: frogger 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.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on October 01, 2015, 12:18:07 AM
Up ~$2,300. Chugging onward...through....market....headwinds...
Title: Re: Race from 10 too 100k!!
Post by: mrteacher 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.
Title: Re: Race from 10 too 100k!!
Post by: Rodgers12 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
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on October 01, 2015, 06:24:59 AM
Broke $40k :) $41,566.54
Title: Re: Race from 10 too 100k!!
Post by: charis on October 01, 2015, 08:07:38 AM
I just discovered this thread.  We recently broke $40K.

10/1: $40,249
Title: Re: Race from 10 too 100k!!
Post by: ash7962 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.
Title: Re: Race from 10 too 100k!!
Post by: katthjul 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.
Title: Re: Race from 10 too 100k!!
Post by: Eristheunorganized on October 01, 2015, 11:20:12 PM
Net worth went down $100. Ouch. $64,008
Title: Re: Race from 10 too 100k!!
Post by: Pooplips 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)
Title: Re: Race from 10 too 100k!!
Post by: frugalfanny 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.
Title: Re: Race from 10 too 100k!!
Post by: Woodro85 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.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman 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.
Title: Re: Race from 10 too 100k!!
Post by: CanIndian 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.
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator 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
Title: Re: Race from 10 too 100k!!
Post by: ranchingretirement 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.
Title: Re: Race from 10 too 100k!!
Post by: givemesunshine 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.
Title: Re: Race from 10 too 100k!!
Post by: Pooplips 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
Title: Re: Race from 10 too 100k!!
Post by: Pooperman 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.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange 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.
Title: Re: Race from 10 too 100k!!
Post by: katthjul 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.
Title: Re: Race from 10 too 100k!!
Post by: Malum Prohibitum 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).
Title: Re: Race from 10 too 100k!!
Post by: Malum Prohibitum 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.
Title: Re: Race from 10 too 100k!!
Post by: Apples 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 :)
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on November 01, 2015, 07:48:08 AM


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

Congratulations!!
Title: Re: Race from 10 too 100k!!
Post by: frogger 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.
Title: Re: Race from 10 too 100k!!
Post by: Pooperman 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.
Title: Re: Race from 10 too 100k!!
Post by: mrteacher 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!!!
Title: Re: Race from 10 too 100k!!
Post by: CanIndian 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
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on November 01, 2015, 01:15:46 PM
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 :)

Congrats!! Hope to join you in a few months in the next thread!
Title: Re: Race from 10 too 100k!!
Post by: steveo on November 01, 2015, 01:29:35 PM
I'm well above 100k in net worth however I'm at about 50k net worth outside of my house and my retirement funds. I'm going to join in this one. Looking to get to 100k net worth outside my house and retirement funds (not accessible until I'm 60) next year.
Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 on November 01, 2015, 06:29:49 PM
Officially over halfway there!!

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: 53,968.55
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on November 02, 2015, 06:31:57 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.

Right before the market turned I recieved a substantial raise that I dumped entirely into my defered compensation account. (I tripled my contributions)

If the market hadn't dipped I would have went up much faster. haha. Lucky timing I guess.
Title: Re: Race from 10 too 100k!!
Post by: Malum Prohibitum on November 02, 2015, 08:28:44 AM
Officially over halfway there!!

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: 53,968.55
  Your post stood out to me because of the time period and somewhat similar numbers.  You started tracking around the same time I did.  You kicked my butt, however.  See post #680, a few above.  You started with less than me and ended up with more than me in October.

I need to kick my rear end into gear and get this net worth thing moving . . .
Title: Re: Race from 10 too 100k!!
Post by: $40Kby40 on November 02, 2015, 08:43:30 AM
I'd like to join in, although I'm starting above $10,000. It seems like others have as well so hope it's ok.
Just started a journal on here with a plan of having $80K net worth (40K for me and 40K for my husband)by the end of 2017. Maybe this will motivate/help me to get to the $100K mark instead by that time.

As of 30 Oct - $30,648
Title: Re: Race from 10 too 100k!!
Post by: mrteacher on November 02, 2015, 08:47:06 AM
I'd like to join in, although I'm starting above $10,000. It seems like others have as well so hope it's ok.
Just started a journal on here with a plan of having $80K net worth (40K for me and 40K for my husband)by the end of 2017. Maybe this will motivate/help me to get to the $100K mark instead by that time.

As of 30 Oct - $30,648

I found MMM, joined the forums, and hopped on board with this challenge with around $70k net worth. Starting above $10,000 is quite alright!

Title: Re: Race from 10 too 100k!!
Post by: Woodro85 on November 02, 2015, 02:12:14 PM
Congrats to Apple for graduating to the next step!
Welcome to the challenge $40kby40!
And congrats to everyone else who seems to be making solid progress in their financial goals.

I had a good month with markets recovering a bit, a nice raise at work coming through, and temporarily having a roommate for an extra few hundred bucks a month. Long way to go but ahead of my goals right now.

8/1/2015           $52,700.00
9/1/2015           $57,358.64
10/1/2015   $59,144.58
11/1/2015   $63,499.72

Title: Re: Race from 10 too 100k!!
Post by: celticmyst08 on November 02, 2015, 03:09:08 PM
Officially over halfway there!!

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: 53,968.55
  Your post stood out to me because of the time period and somewhat similar numbers.  You started tracking around the same time I did.  You kicked my butt, however.  See post #680, a few above.  You started with less than me and ended up with more than me in October.

I need to kick my rear end into gear and get this net worth thing moving . . .

Ha, thanks, well I feel the same way about some other posters who are kicking my butt! I guess that's the whole point of this thread huh? The more butt kicking, the more motivation. :D
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on November 02, 2015, 11:38:12 PM
I don't see any -% changes on the sheet for Oct...great job guys!
Title: Re: Race from 10 too 100k!!
Post by: carozy on November 03, 2015, 05:57:33 AM
I am here to make you all feel better about yourselves. :)

I have gone from -$52,745.00 in May 2014 to -$10,177.00 in October 2015. My stretch goal was a big fat $0 net worth by the end of 2015. I know it's still possible, but it will definitely be a stretch! Fingers crossed!!!

Curse you, student loans!!!

That is very impressive!  You are  doing something about them, good for you!  :)

EDIT: Just added my net worth in a day or two late.
Title: Re: Race from 10 too 100k!!
Post by: kickel on November 03, 2015, 09:12:38 AM
Finally remembered my password! Things are moving great especially with the market rise recently. Looking at my accounts they've had a $10,000 swing over the past month. It's weird to second guess if I should spend $5-10 on a meal when your account moves that much. Anyways I'm hoping to reach $100,000 by year end. It'll be a stretch but with some market tailwind could very well happen. I'm jealous of the people who are able to put away a couple thousand a month, it's a good motivator though, to encourage me to up my commissions.
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on November 03, 2015, 11:13:11 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!!!
Title: Re: Race from 10 too 100k!!
Post by: Rodgers12 on November 03, 2015, 12:27:30 PM
7/31/2015: $36,978
8/31/2015: $34,949
9/30/2015: $35,722
10/31/2015: $37,797
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on November 11, 2015, 04:57:07 AM
Congrats to all on their progress!

It was weird going down in September!
July: 79,961.10
Aug: 81,646.21
Sep: 79,574.76  - ouch
Oct: 87,961.41 - woohoo!

Looking good to hit my baseline target of $90,500 for the year - hoping to get closer to the finish line though!
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on November 11, 2015, 12:19:36 PM
Congrats to all on their progress!

It was weird going down in September!
July: 79,961.10
Aug: 81,646.21
Sep: 79,574.76  - ouch
Oct: 87,961.41 - woohoo!

Looking good to hit my baseline target of $90,500 for the year - hoping to get closer to the finish line though!

Great month!!
Title: Re: Race from 10 too 100k!!
Post by: ranchingretirement on November 15, 2015, 08:10:37 AM

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
September 2015: $59,189
October 2015: $65,204


November 2015: $67,240

Will be looking to contribute more to 401(k) over next few paychecks to minimize income tax in spring of 2016.
Title: Re: Race from 10 too 100k!!
Post by: JLee on November 20, 2015, 10:37:43 AM
I'm so close...got paid again, 401k contribution is out of my check but hasn't hit Vanguard yet, so I'm adding it anyway.

$7725.02 net cash (zeroing current CC balance)
$38912.77 house equity
$3085.31 employer stock
$3136.02 Franklin Templeton
$43,068.59 Vanguard

$96,975.13

SO CLOSE!!!  I even spent ~$450 I wouldn't have normally spent this month...definitely makes me want to curb spending even more so I break 100k, hahaha...

Just in investments/housing - I'm there!

$57526 401k/IRA/taxable
$48255 home equity if Zillow is to be believed (a proper appraisal is on my list of things to do so I can drop PMI)

$105,781! :)
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on November 20, 2015, 10:45:42 AM
$105,781! :)

Congratulations!!!!!!!
Title: Re: Race from 10 too 100k!!
Post by: ohyonghao on November 20, 2015, 05:04:49 PM
I'm so close...got paid again, 401k contribution is out of my check but hasn't hit Vanguard yet, so I'm adding it anyway.

$7725.02 net cash (zeroing current CC balance)
$38912.77 house equity
$3085.31 employer stock
$3136.02 Franklin Templeton
$43,068.59 Vanguard

$96,975.13

SO CLOSE!!!  I even spent ~$450 I wouldn't have normally spent this month...definitely makes me want to curb spending even more so I break 100k, hahaha...

Just in investments/housing - I'm there!

$57526 401k/IRA/taxable
$48255 home equity if Zillow is to be believed (a proper appraisal is on my list of things to do so I can drop PMI)

$105,781! :)

Good luck on dropping the PMI, we just dropped ours last month :-D.  Wonderful progress, I'll see you over on the other thread.
Title: Re: Race from 10 too 100k!!
Post by: kpd905 on November 20, 2015, 06:40:03 PM
I'm at right around $98,500 in investments right now.  It seems like I have been sooooo close for a month now.  Maybe two weeks to go or so.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on November 21, 2015, 12:09:05 AM
I'm so close...got paid again, 401k contribution is out of my check but hasn't hit Vanguard yet, so I'm adding it anyway.

$7725.02 net cash (zeroing current CC balance)
$38912.77 house equity
$3085.31 employer stock
$3136.02 Franklin Templeton
$43,068.59 Vanguard

$96,975.13

SO CLOSE!!!  I even spent ~$450 I wouldn't have normally spent this month...definitely makes me want to curb spending even more so I break 100k, hahaha...

Just in investments/housing - I'm there!

$57526 401k/IRA/taxable
$48255 home equity if Zillow is to be believed (a proper appraisal is on my list of things to do so I can drop PMI)

$105,781! :)

Good to see the Class of 2015 growing!
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on November 28, 2015, 05:34:23 AM
Last month: 87,861.41
This month: 88,795.86
+934.45

Some headwinds this month, but still moving forward. Should still beat $90,500 target by EOY!

Hoping to hit $100k by the end of the first quarter.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on November 29, 2015, 07:28:32 PM
Up $2,805.29, to $85, 354.64. Was able to pick up some call to offset a few extra expenses coming due. Still eyeing Feb/Mar for graduation.
Title: Re: Race from 10 too 100k!!
Post by: CanIndian on November 29, 2015, 10:05:26 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
Steady progress and ~2,600 growth this month despite a lot of un-planned expenses this month. A bit of tightening up to do in the holiday season to end the year on a high.

June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Nov 2015: $88,620
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on November 30, 2015, 06:02:57 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


11/30/2015 - $95,741.00

I just passed the 5 year mark at work which increased my vested pension amount substantially. I can see the finish line but the next month or two will be much slower with christmas and some medical bills coming in.
Title: Re: Race from 10 too 100k!!
Post by: Rodgers12 on November 30, 2015, 03:59:11 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
Title: Re: Race from 10 too 100k!!
Post by: Pooperman on November 30, 2015, 04:24:46 PM
Market went sideways, so NW went up by the amount saved ($2k), which now puts my family at $55,100, up from $0 in July 2014.
Title: Re: Race from 10 too 100k!!
Post by: $40Kby40 on November 30, 2015, 11:42:31 PM
30 Oct - $30,648
30 Nov - $32,564

Title: Re: Race from 10 too 100k!!
Post by: mrteacher on December 01, 2015, 08:16:07 AM
9/1: $78,487.07
10/1: $81,428.69
11/1: $87,887.66
12/1: $90,220.55

Smaller increase than last month (no huge market gains), but ever upward!! With three paychecks this month and a stipend for my winter coaching position, December should be a great month for the NW.

Still aiming to hit $100,000 sometime in the March-May time frame - hoping for March.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on December 01, 2015, 07:52:50 PM


I am in negative 4 digits!!! -$8467.04

Nice! You were at -52k in May of last year and now, before you know it you'll be in positive territory!
Title: Re: Race from 10 too 100k!!
Post by: AcftW on December 01, 2015, 08:11:54 PM
Is it too late to join this? 

Just hit $40,061 as of 1 December.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on December 01, 2015, 08:13:38 PM
Is it too late to join this? 

Just hit $40,061 as of 1 December.
Welcome!
Title: Re: Race from 10 too 100k!!
Post by: AcftW on December 01, 2015, 08:18:57 PM
Thanks!  I've been lurking on here since October, and finally decided to join up today.  It's been inspiring to read about so many successes, and a great motivator for me.  Aiming to learn as much as I can from you all.
Title: Re: Race from 10 too 100k!!
Post by: mrteacher on December 02, 2015, 05:38:11 AM
Thanks!  I've been lurking on here since October, and finally decided to join up today.  It's been inspiring to read about so many successes, and a great motivator for me.  Aiming to learn as much as I can from you all.

Great to have you!
Title: Re: Race from 10 too 100k!!
Post by: onehair on December 02, 2015, 08:53:01 AM
At present according to the excel pie chart my net worth is $19,459.  i am carrying $6062 in debts.
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on December 04, 2015, 10:32:28 AM
Welcome AcftW!

my update:
9/1/2015   $57,358.64
10/1/2015 $59,144.58
11/1/2015 $63,499.72
12/1/2015 $65,796.16

My goal is to start the new year breaking the $70K barrier, should be doable as December is sort of a 3 pay cheque month (3rd pay cheque on January 1 and I do my NW update the 1st of each month). If things go well, I think I can graduate from this group by end of summer 2016. Happy saving to all!
Title: Re: Race from 10 to 100k!!
Post by: celticmyst08 on December 04, 2015, 09:09:37 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

Up 9.49%! Sooo close to $60k, which is our end of 2015 goal.
Title: Re: Race from 10 too 100k!!
Post by: katthjul on December 05, 2015, 01:13:58 PM
2015-08-31 €9,999
2015-09-30 €9,986
2015-10-30 €14,504
2015-11-30 €16,724

Saved much less than planned and might not be able to hit my target savings rate for 2015.
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator on December 07, 2015, 06:48:17 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...
Title: Re: Race from 10 too 100k!!
Post by: Malum Prohibitum on December 07, 2015, 03:07:40 PM
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

$54,907 November 30, 2105

17.5% increase?  Somebody check my math.
Title: Re: Race from 10 to 100k!!
Post by: Malum Prohibitum on December 07, 2015, 03:09:37 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

Up 9.49%! Sooo close to $60k, which is our end of 2015 goal.
  And you're still ahead in November!  I can see your tail lights and am choking on your dust!
Title: Re: Race from 10 to 100k!!
Post by: celticmyst08 on December 08, 2015, 04:01:12 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

Up 9.49%! Sooo close to $60k, which is our end of 2015 goal.
  And you're still ahead in November!  I can see your tail lights and am choking on your dust!

If you keep up those 17% increases, you'll pass me in no time. :P
Title: Re: Race from 10 too 100k!!
Post by: ranchingretirement on December 15, 2015, 08:17:14 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 9 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
September 2015: $59,189
October 2015: $65,204
November 2015: $67,240


December 2015: $66,735

[/quote]

Took a drop due to performance of stock market, but was able to snatch up quite a few shares on the cheap...will bode well for 2016!
Title: Re: Race from 10 to 100k!!
Post by: SGontour on December 22, 2015, 07:40:14 AM
I am based in Switzerland, thus calculating in Swiss Francs (CHF), which at the moment is trading almost 1-to-1 to the USD. Following numbers are just my invested money (I am all in, so no emergency account, just what I need for 1 month & ignoring the value of my apartment as It is not an investment and 95% of it is financed by mortgages):

January 2015: CHF 49,805
...
November 2015: CHF 66,524
Title: Re: Race from 10 too 100k!!
Post by: johnny847 on December 22, 2015, 11:04:35 AM

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 9 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
September 2015: $59,189
October 2015: $65,204
November 2015: $67,240


December 2015: $66,735


Took a drop due to performance of stock market, but was able to snatch up quite a few shares on the cheap...will bode well for 2016!
[/quote]

There are still 6 market trading days left in the year after today.
Title: Re: Race from 10 to 100k!!
Post by: edmundblackadder on December 30, 2015, 11:07:24 AM
Looks like I'll end 2015 at almost exactly 50K NW. I'm not sure what my NW was this time last year, as I wasn't tracking it particularly closely, but I'd guess 29K plus-or-minus. A reasonable goal for 2016 is 25K saved; my stretch goal is 35K.
Title: Re: Race from 10 to 100k!!
Post by: SpareChange on December 30, 2015, 12:50:09 PM
Lower than avg expenses + holiday OT = good month. Up over 5k (6.02%) to just over 90K. Home stretch! ;).

Up 56,770.74 for the year.
Title: Re: Race from 10 to 100k!!
Post by: SGontour on December 31, 2015, 12:40:08 AM
I am based in Switzerland, thus calculating in Swiss Francs (CHF almost same as USD):

January 2015: CHF 49,805
...
November 2015: CHF 66,524

December 2015: CHF 66,375
Down a little bit, but I get a salary rise of about 5% and a bonus for 2015 in January. So hopefully I can save and invest more in 2016. Target is to get to 100k by end of 2016; also depending on the market of course.
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on December 31, 2015, 05:13:46 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
11/30/2015 - $95,741.00


12/31/2015 - 99,740.00

Big increase this month with the generous christmas gifts from our parents. So close I can taste it.
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on December 31, 2015, 05:53:36 AM
Nice pooplips!

We hit $57,650 at the end of the year. January is not going to be good for the NW, I suspect. Something like $9k in unusual expenses on top of the usual $3k spending with only about $6k of net income (+ about $850 in deductions/savings so about $7k). -$5k here we come! If I can break it out over a couple of months or reduce it via credit card rewards, I will. It's still going to hurt though.
Title: Re: Race from 10 to 100k!!
Post by: Pooplips on December 31, 2015, 06:00:29 AM
Nice pooplips!

We hit $57,650 at the end of the year. January is not going to be good for the NW, I suspect. Something like $9k in unusual expenses on top of the usual $3k spending with only about $6k of net income (+ about $850 in deductions/savings so about $7k). -$5k here we come! If I can break it out over a couple of months or reduce it via credit card rewards, I will. It's still going to hurt though.

Thanks Pooperman.

Yeah I just read that on your journal this morning. We might not have a great January as well with some medical bills coming due but so it goes. I dont know about you but I think 2016 is going to be a bad ass year for anyone with "poop" in their username. ;)
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on December 31, 2015, 12:28:51 PM
I broke my Goal of 70k networth to start 2016.
$70,395.59 to be exact, an increase of 6.5%.
I think I'll slow down on growth a little over the next few months with things like ei and cpp (canada) payments coming off the paycheques again, as well as property taxes, insurance, etc. Hoping to graduate from this group in 2016. Conservative target is by end of December but if things go alright I might be able to get it done by the end of Summer.

Happy new year to all, may your stache start to curl in 2016!
Title: Re: Race from 10 too 100k!!
Post by: $40Kby40 on January 01, 2016, 04:01:51 AM
30 Oct - $30,648
30 Nov - $32,564

30 Dec - $37,354
Title: Re: Race from 10 too 100k!!
Post by: katthjul on January 01, 2016, 04:49:18 AM
2015-08-31 €9,999
2015-09-30 €9,986
2015-10-30 €14,504
2015-11-30 €16,724
2015-12-31 €16,743
A very small increase from last month due to less savings, but 2015 ends with an overall increase of 67%.

I have a bit of mixed feelings about the conditions for 2016. The rate which controls the investment tax rate and student loan interest rate is dropping towards zero, but the tax code was changed to ensure a minimum investment tax rate.
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on January 01, 2016, 06:23:10 AM
Lower than avg expenses + holiday OT = good month. Up over 5k (6.02%) to just over 90K. Home stretch! ;).

Up 56,770.74 for the year.
Nice jump! We're almost there
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on January 01, 2016, 06:23:35 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
11/30/2015 - $95,741.00


12/31/2015 - 99,740.00

Big increase this month with the generous christmas gifts from our parents. So close I can taste it.
Soooo close!
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on January 01, 2016, 06:25:06 AM
I broke my Goal of 70k networth to start 2016.
$70,395.59 to be exact, an increase of 6.5%.
I think I'll slow down on growth a little over the next few months with things like ei and cpp (canada) payments coming off the paycheques again, as well as property taxes, insurance, etc. Hoping to graduate from this group in 2016. Conservative target is by end of December but if things go alright I might be able to get it done by the end of Summer.

Happy new year to all, may your stache start to curl in 2016!
Happy New Year! Congrats on reaching your goal!
Title: Re: Race from 10 too 100k!!
Post by: mrteacher on January 01, 2016, 01:14:41 PM
9/1: $78,487.07
10/1: $81,428.69
11/1: $87,887.66
12/1: $90,220.55

Smaller increase than last month (no huge market gains), but ever upward!! With three paychecks this month and a stipend for my winter coaching position, December should be a great month for the NW.

Still aiming to hit $100,000 sometime in the March-May time frame - hoping for March.

1/1: $94,782.59

When I started tracking net worth (in August), I estimated that it'd take me until June 2016 to hit $100k...wow! Barring a crisis, I should cross the $100k threshold in March 2016. Cool!

Also proud of my total 2015 increase in net worth: $30,000

Congrats on the awesome savings, everyone!
Title: Re: Race from 10 to 100k!!
Post by: McStache on January 01, 2016, 04:15:19 PM
I made it!  I crossed $100,000 shortly before Christmas, then held my breath while the markets zig zagged this past week.  But I just checked and I'm still north of $100k, therefore making it officially official.
Title: Re: Race from 10 too 100k!!
Post by: AcftW on January 01, 2016, 05:18:41 PM
$40,061 - 1 Dec 2015
$43,153 - 1 Jan 2016

Slowly but surely.  Market got me a bit, but stayed in the black.
Title: Re: Race from 10 to 100k!!
Post by: GoldenNeko on January 01, 2016, 06:11:59 PM
Finally being able to join the race!

I'm probably getting married in a few years, and my pay is far from high, so this will be a challenge, but I'd like to set the time limit at: 12/31/2020 max
It will be good motivation to ask for a raise/apply to better jobs, and keep on being mustachian in all other areas...

Quick history of my finances:
dec 2011   -8 700 €   
dec 2012   -8 800 €
dec 2013   -4 270 €
dec 2014    1 660 €
dec 2015   13 560 € (guess which year I met MMM ^^)

Title: Re: Race from 10 to 100k!!
Post by: celticmyst08 on January 01, 2016, 10:38:15 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
Title: Re: Race from 10 to 100k!!
Post by: carozy on January 02, 2016, 03:28:13 PM
Looks like I am about $20 short of getting into the Second Day No Shave category!  Gr!
Title: Re: Race from 10 to 100k!!
Post by: mastrr on January 02, 2016, 04:17:57 PM
I'll be joining this thread for 2016.  My NW may actually decrease this year due to a job change.  Posting mostly to hold myself accountable for my results.

Total Assets: $174,000
Total Debt (including mortgage): $141,426

Jan 2016 - $32,795
Title: Re: Race from 10 to 100k!!
Post by: kpd905 on January 02, 2016, 07:23:10 PM
Just hit $100k in investment for the first time on December 28th.  Took us roughly 2 years and 10 months from our first investment.  I'm curious to see how long the next $100k takes.
Title: Re: Race from 10 to 100k!!
Post by: SpareChange on January 03, 2016, 04:23:55 PM
Lower than avg expenses + holiday OT = good month. Up over 5k (6.02%) to just over 90K. Home stretch! ;).

Up 56,770.74 for the year.
Nice jump! We're almost there

Thanks! Yes, we are!
Title: Re: Race from 10 to 100k!!
Post by: SpareChange on January 03, 2016, 04:25:29 PM
I made it!  I crossed $100,000 shortly before Christmas, then held my breath while the markets zig zagged this past week.  But I just checked and I'm still north of $100k, therefore making it officially official.

Excellent! Congratulations!!! :)
Title: Re: Race from 10 to 100k!!
Post by: McStache on January 03, 2016, 07:16:25 PM
I made it!  I crossed $100,000 shortly before Christmas, then held my breath while the markets zig zagged this past week.  But I just checked and I'm still north of $100k, therefore making it officially official.

Excellent! Congratulations!!! :)

Thanks!  Hopefully, I'll see you on the 100k-250k thread in a couple of months
Title: Re: Race from 10 to 100k!!
Post by: JLee on January 03, 2016, 08:36:43 PM
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D
Title: Re: Race from 10 to 100k!!
Post by: steveo on January 04, 2016, 01:12:29 AM
Okay - time to join this one. I want to make this past 100k this year and we (wife and myself) should be able to do that easily mainly because the mortgage is about to be paid off. I'm not including home equity or super (Australian retirement account that you can't access until 60).

4th January 2016 : 55k.


Title: Re: Race from 10 to 100k!!
Post by: MVal on January 04, 2016, 11:04:14 AM
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D

Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!

I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice.  I want to keep at least 1-yr of living expenses on hand for bugging out.
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on January 04, 2016, 11:08:49 AM
I made it!  I crossed $100,000 shortly before Christmas, then held my breath while the markets zig zagged this past week.  But I just checked and I'm still north of $100k, therefore making it officially official.

Congratulations, McStache!
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on January 05, 2016, 07:42:36 PM
$91,055.26 - beat my target of $90,500 for the year but was hoping to be a bit closer to the finish line.
Title: Re: Race from 10 to 100k!!
Post by: JLee on January 05, 2016, 07:52:06 PM
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D

Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!

I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice.  I want to keep at least 1-yr of living expenses on hand for bugging out.

Good luck! Sometimes a leap like that turns out even better than you expected.  I quit a secure government job just over four years ago to move to the other side of the country (I quit with no job lined up)..fast forward to now - I'm in a new field entirely, my salary has doubled since then and I'm really quite happy. :)

$90k is more likely for me this year, but a stretch goal of $100k sounds good. :D
Title: Re: Race from 10 to 100k!!
Post by: SpareChange on January 06, 2016, 12:43:52 AM
$91,055.26 - beat my target of $90,500 for the year but was hoping to be a bit closer to the finish line.

Considering that the markets haven't really pulled any of our weight this past year, you've done great, threadmate. Pure savings grit!
Title: Re: Race from 10 to 100k!!
Post by: MVal on January 06, 2016, 03:08:39 PM
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D

Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!

I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice.  I want to keep at least 1-yr of living expenses on hand for bugging out.

Good luck! Sometimes a leap like that turns out even better than you expected.  I quit a secure government job just over four years ago to move to the other side of the country (I quit with no job lined up)..fast forward to now - I'm in a new field entirely, my salary has doubled since then and I'm really quite happy. :)

$90k is more likely for me this year, but a stretch goal of $100k sounds good. :D

Wow, thanks, that is encouraging! I'm glad it turned out so well for you; I just hope the same for myself. I'd love to get into a completely new field. Perhaps my 'stache will fund my journey!
Title: Re: Race from 10 to 100k!!
Post by: MVal on January 06, 2016, 03:22:10 PM
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D

Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!

I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice.  I want to keep at least 1-yr of living expenses on hand for bugging out.

I think you have the right idea. I just resigned from my current job and am starting a new job this month that pays better but the new company is much smaller and not as risk free as my old job. However, with a decent size emergency fund and investments I don't feel worried at all about the transition.

Thanks for the support. Good luck in your new job, hopefully it will stand firm for quite a while. Worst comes to worst, I can always crash with the folks for awhile (not that anyone wants it to come to that!).
Title: Re: Race from 10 too 100k!!
Post by: CanIndian on January 06, 2016, 07:58:34 PM
Steady progress and ~2,600 growth this month despite a lot of un-planned expenses this month. A bit of tightening up to do in the holiday season to end the year on a high.

June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Oct 2015: $88,620
December turned out another negative month.
A lot of planned expenses during the holiday season went way over budget, with multiple visits across the border to the US.
As I am consolidating only this week the head winds in the market right into 2016 did not help either.

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

Missed the target of reaching 90K by end of 2015, but still on target to reach 100K by Mar / Apr 2016.
The overall gain of 39,829 in 2015 is not much of a jump from 38,300 in 2014.
While the 2nd one born in Dec 2014 and a bunch of related activities, like hosting the parents and in-laws for additional support added to the overall expenses, there were still a lot of unplanned expenses.
I better work further on the frugality muscles in 2016.
Title: Re: Race from 10 to 100k!!
Post by: FIRE_Buckeye on January 07, 2016, 11:20:23 PM
In on this thread
Started 2016 at around 55k NW (though, like everyone else, have been getting facepunched by the market this week).
Title: Re: Race from 10 to 100k!!
Post by: MVal on January 08, 2016, 10:09:18 AM
In on this thread
Started 2016 at around 55k NW (though, like everyone else, have been getting facepunched by the market this week).

Same here. Similar NW and a bit depressed by what this down market might mean for the rest of the year...I suppose I might be in luck though since I decided to front load my 401K the first two months of 2016 and all the stocks will be "on clearance."
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on January 09, 2016, 01:45:13 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
Title: Re: Race from 10 too 100k!!
Post by: ranchingretirement on January 18, 2016, 07:55:18 AM

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 9 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
September 2015: $59,189
October 2015: $65,204
November 2015: $67,240
December 2015: $66,735


January 2016: $56,680

Took a pretty significant hit due to performance of stock market, but know things will eventually turn around. Until then...BUY CHEAP! 5 months to go until our $100k goal of June 2016.
Title: Re: Race from 10 to 100k!!
Post by: Wiggle on January 20, 2016, 12:01:38 PM
Fell off the radar for updating this:

Back in May my totals were:
Cash/Savings: $7,772
Mutual Funds (non-retirement, house savings): $10,686
Work Retirement Accounts: $35,726

Total: $54,184

Current Update (call it the beginning of February):

Cash/Savings: $6,376
Mutual Funds (non-retirement, house savings): $10,019
Work Retirement Accounts: $44,890

Total: $61,285 (Increase $7101, $789 per month average)
Title: Re: Race from 10 to 100k!!
Post by: HabitualLineStepper on January 27, 2016, 08:13:23 AM
I am at $9600 as of now! I wish to enter this race.  I am completely debt free, no kids, no spouse and I need/want to make up ground fast.
Title: Re: Race from 10 to 100k!!
Post by: MrStash on January 28, 2016, 08:45:23 AM
I'll jump in this as well. Been lurking for about a year. I have a regular job 401k with nice matching, a TSP account from the National Guard and a regular taxable Vanguard account. Totals:

January 1, 2015 - $13,492
December 31, 2015 - $$35,251

My goal by the end of the year is to break $50,000. So far this year I've lost about $3,000 due to the markets. hahah It's kind of impressive. I try to look at it that way anyway :/

Title: Re: Race from 10 to 100k!!
Post by: SGontour on January 30, 2016, 08:32:03 AM

January 2015: CHF 49,805
...
November 2015: CHF 66,524
December 2015: CHF 67'473

January 2016: CHF 78,098


(invested 14k of fresh money end of january)
Title: Re: Race from 10 to 100k!!
Post by: SpareChange on January 30, 2016, 06:14:31 PM
Nice boost to start the year SGontour!


Up 1,831.75 to 92,328.54. Inching closer....
Title: Re: Race from 10 too 100k!!
Post by: Pooplips on January 31, 2016, 12:43:31 PM
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
11/30/2015 - $95,741.00
12/31/2015 - $99,740.00


1/31/2016 - $101,376.00

And boom! Despite the down turn I was able to save quite a bit over the month officially getting me over the $100k hump! On to 250k.
Title: Re: Race from 10 to 100k!!
Post by: johnny847 on January 31, 2016, 01:25:36 PM
12/31/2015: 99489.28 (oh so close)
1/31/2016:  100310.75

Yay! Despite the large losses in my portfolio this month I made enough money to still come out slightly ahead in net worth.

On to 250k.
Title: Re: Race from 10 to 100k!!
Post by: SpareChange on January 31, 2016, 02:14:23 PM
Congratulations you two. Extra props for doing it in a tough month! See you in the next thread soon enough.
Title: Re: Race from 10 too 100k!!
Post by: CanIndian on February 01, 2016, 06:29:19 AM
December turned out another negative month.
A lot of planned expenses during the holiday season went way over budget, with multiple visits across the border to the US.
As I am consolidating only this week the head winds in the market right into 2016 did not help either.

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

Missed the target of reaching 90K by end of 2015, but still on target to reach 100K by Mar / Apr 2016.
The overall gain of 39,829 in 2015 is not much of a jump from 38,300 in 2014.
While the 2nd one born in Dec 2014 and a bunch of related activities, like hosting the parents and in-laws for additional support added to the overall expenses, there were still a lot of unplanned expenses.
I better work further on the frugality muscles in 2016.

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.
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on February 01, 2016, 07:20:52 AM
Broke the $50k barrier... the wrong way. A bad month for the Pooperman household financially. There were some large one-off expenses totaling around $7k. That coupled with removing some accounts (details of why are in my journal) and the market means a drop of about $8k ($57k -> $49k). Ah well. At least the expenses are done with and we can move on!
Title: Re: Race from 10 to 100k!!
Post by: MrStash on February 01, 2016, 08:35:05 AM
Dec 2015 - $35,251
Jan 2016 - $34,524

Going backwards!
Title: Re: Race from 10 too 100k!!
Post by: AcftW on February 01, 2016, 09:42:24 AM
$40,061 - 1 Dec 2015
$43,153 - 1 Jan 2016

$47,634 - 1 Feb 2016

I'm impressed with how I've  gone up even though my investments have gone down significantly.
Title: Re: Race from 10 to 100k!!
Post by: Imustacheyouaquestion on February 01, 2016, 12:07:59 PM
I had honestly forgotten about this thread until it popped up in my Google Drive sidebar as being updated recently! I updated net worth figures for the last 12 months. Last time I updated, I was at $31k and am now up to $71k. Should be on track to reach $100k by the end of 2016 (assuming the stock market doesn't tank even more...).
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on February 01, 2016, 12:29:09 PM
I broke my Goal of 70k networth to start 2016.
$70,395.59 to be exact, an increase of 6.5%.

February 1 2016 - $74,587.69
I include my DB pension in my NW, and keeping a very strong savings rate, thus why I'm able to sustain growth despite the markets. I'm just hoping the markets stay low or fall further this year as I'm in the accumulation phase!

My roommate moved out, but think I might have a new friend lined up to take over to keep the extra money coming in each month.
Title: Re: Race from 10 too 100k!!
Post by: $40Kby40 on February 01, 2016, 06:33:40 PM
30 Oct - $30,648
30 Nov - $32,564
30 Dec - $37,354
30 Jan - $38,789

Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on February 01, 2016, 08:42:22 PM
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
11/30/2015 - $95,741.00
12/31/2015 - $99,740.00


1/31/2016 - $101,376.00

And boom! Despite the down turn I was able to save quite a bit over the month officially getting me over the $100k hump! On to 250k.
Congratulations!
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on February 01, 2016, 08:43:00 PM
12/31/2015: 99489.28 (oh so close)
1/31/2016:  100310.75

Yay! Despite the large losses in my portfolio this month I made enough money to still come out slightly ahead in net worth.

On to 250k.
Congrats! See you in the other thread :-)
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on February 02, 2016, 05:43:57 AM
Fell back a tad to $90,119.48 last month. Let's see how this month goes!
Title: Re: Race from 10 to 100k!!
Post by: Pooplips on February 02, 2016, 06:52:00 AM
Congratulations you two. Extra props for doing it in a tough month! See you in the next thread soon enough.

Thank you Thank you. See you soon!
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on February 02, 2016, 06:58:42 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
Title: Re: Race from 10 to 100k!!
Post by: HairyUpperLip on February 02, 2016, 10:34:28 AM
Good job everyone. Glad to see so many of you reach $100k already.
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on February 02, 2016, 11:06:22 AM
12/31/2015: 99489.28 (oh so close)
1/31/2016:  100310.75

Yay! Despite the large losses in my portfolio this month I made enough money to still come out slightly ahead in net worth.

On to 250k.

Congrats! killing it!
Title: Re: Race from 10 to 100k!!
Post by: johnny847 on February 02, 2016, 11:09:17 AM
Thanks guys!
Title: Re: Race from 10 to 100k!!
Post by: katthjul on February 03, 2016, 02:10:12 PM
EOY 2015: €16,728
Jan 2016: €15,895
Title: Re: Race from 10 too 100k!!
Post by: Mazzinator 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
Title: Re: Race from 10 to 100k!!
Post by: mrteacher 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.
Title: Re: Race from 10 to 100k!!
Post by: celticmyst08 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.
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 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.
Title: Re: Race from 10 to 100k!!
Post by: SpareChange 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!
Title: Re: Race from 10 to 100k!!
Post by: SpareChange 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!!

   
Title: Re: Race from 10 to 100k!!
Post by: $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
Title: Re: Race from 10 to 100k!!
Post by: merlin7676 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.
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 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!
Title: Re: Race from 10 to 100k!!
Post by: SGontour 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!
 


Title: Re: Race from 10 to 100k!!
Post by: charis on March 01, 2016, 10:36:47 AM
October 1, 2015: ~$40K
February 2016: ~$65K
Title: Re: Race from 10 to 100k!!
Post by: katthjul 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.
Title: Re: Race from 10 to 100k!!
Post by: khotte 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.
Title: Re: Race from 10 too 100k!!
Post by: CanIndian 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
Title: Re: Race from 10 to 100k!!
Post by: MrStash 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.
Title: Re: Race from 10 to 100k!!
Post by: katthjul 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.
Title: Re: Race from 10 to 100k!!
Post by: monstermonster 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"?
Title: Re: Race from 10 to 100k!!
Post by: queenie 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!
Title: Re: Race from 10 to 100k!!
Post by: Pooperman 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!
Title: Re: Race from 10 to 100k!!
Post by: dachs 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?
Title: Re: Race from 10 to 100k!!
Post by: katthjul 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.
Title: Re: Race from 10 too 100k!!
Post by: AcftW 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
Title: Re: Race from 10 to 100k!!
Post by: katthjul 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.
Title: Re: Race from 10 to 100k!!
Post by: dachs on March 03, 2016, 01:40:37 PM
So how can I add myself? My name keeps disappearing.
Title: Re: Race from 10 to 100k!!
Post by: dachs 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.
Title: Re: Race from 10 to 100k!!
Post by: dachs on March 03, 2016, 04:31:53 PM
Okay thank you :)
Title: Re: Race from 10 to 100k!!
Post by: dachs on March 05, 2016, 08:14:47 AM
Hm my networth keeps disappearing.
Title: Re: Race from 10 to 100k!!
Post by: katthjul 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.
Title: Re: Race from 10 to 100k!!
Post by: dachs 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. :)
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan 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 :-)
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on March 05, 2016, 01:32:46 PM


Drum roll please?

1/31/2016: $93,706
2/29/2016: $105,360

Congratulations!
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan 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 :-)
Title: Re: Race from 10 to 100k!!
Post by: Nederstash 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!
Title: Re: Race from 10 to 100k!!
Post by: SpareChange on March 06, 2016, 02:22:37 PM
Congratulations!! Hoping to see you in the other thread next month :-)

Thanks! See you soon!
Title: Re: Race from 10 to 100k!!
Post by: Imustacheyouaquestion 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!!
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim 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
Title: Re: Race from 10 to 100k!!
Post by: Bateaux 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.
Title: Re: Race from 10 to 100k!!
Post by: frogger 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!
Title: Re: Race from 10 to 100k!!
Post by: connor 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.
Title: Re: Race from 10 to 100k!!
Post by: carozy 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!
Title: Re: Race from 10 to 100k!!
Post by: Mr.Bubbles 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!
Title: Re: Race from 10 to 100k!!
Post by: tomita on March 16, 2016, 07:21:00 PM
I hope this is doable
16 Mar 2016 ....investments $64300   debt $13200 (for DH & me)
Title: Re: Race from 10 too 100k!!
Post by: CanIndian 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.
Title: Re: Race from 10 to 100k!!
Post by: Imustacheyouaquestion 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!
Title: Re: Race from 10 to 100k!!
Post by: Nederstash 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!
Title: Re: Race from 10 to 100k!!
Post by: monstermonster 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. :-)
Title: Re: Race from 10 to 100k!!
Post by: 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!

Title: Re: Race from 10 to 100k!!
Post by: steveo on March 29, 2016, 02:19:35 AM
Okay - time to join this one. I want to make this past 100k this year and we (wife and myself) should be able to do that easily mainly because the mortgage is about to be paid off. I'm not including home equity or super (Australian retirement account that you can't access until 60).

4th January 2016 : 55k.

An update for close to the end of the quarter: 58k.

So this is pretty pathetic but the returns haven't been good for us plus we have only made one investment in the market. In stating that we invested 10k and we've moved forward 3k. I suppose it's interesting to think about how poor returns can impact me. I think over the longer term we will still come out ahead so I'm not really that stressed.

We also have close to 10k in cash. I'm not including this because I'm only including invested assets. I expect to invest another 20k during the next quarter and we will see how we go.
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on March 29, 2016, 04:08:45 PM
As of 3/8: $20,818.37

3/29: $23,784
Title: Re: Race from 10 to 100k!!
Post by: merlin7676 on March 31, 2016, 08:28:54 AM
Well this quarter hasn't been great return wise but I did sell my car which helps increase my net worth plus my bonus at work helped to pay down the last CC and will be finished either end of May or beginning of June.
My yearly raise should be effective April 15th and tax return is due any day now so I expect another big jump from March to April as well.

12/31/15   47,513.96
01/31/16   44,058.68
02/29/16   46,830.84
03/31/16   58,923.60

**I don't include my home value since we plan to stay in it forever. This is only IRA and 401K and savings and taxable accounts****
Title: Re: Race from 10 to 100k!!
Post by: CanyonMan on March 31, 2016, 02:41:15 PM
I've never posted in this thread, but I've been keeping tabs on it for a long time. Not at 100k in Mint due to a technicality, but hit it for the first time during this month.

Dates   Net                           Notes
Nov-10   $1,849.03
Dec-10   $2,524.99
Jan-11   $2,418.43
Feb-11   $1,937.37
Mar-11   $2,689.13
Apr-11   $2,689.13
May-11   $2,689.13
Jun-11   $2,689.13
Jul-11   $2,689.13
Aug-11   $1,663.30
Sep-11   $1,785.26
Oct-11   $3,787.75
Nov-11   $5,486.26
Dec-11   $5,514.02
Jan-12   $6,296.77
Feb-12   $4,949.08
Mar-12   $4,264.70
Apr-12   $5,262.42
May-12   $5,200.87
Jun-12   $5,716.61
Jul-12   $8,004.74
Aug-12   $8,047.28
Sep-12   $6,510.59
Oct-12   $17,477.46      Sold a bunch of stuff in an attempt to simplify my life. (extra vehicles, electronics, spare tools)
Nov-12   $16,354.48    
Dec-12   $16,352.56    
Jan-13   $14,079.47    
Feb-13   $17,556.49    
Mar-13   $17,305.82    
Apr-13   $18,831.80    
May-13   $20,113.63    
Jun-13   $13,348.21    
Jul-13   $14,967.44    
Aug-13   $15,772.28    
Sep-13   $17,146.63    
Oct-13   $19,077.32    
Nov-13   $20,537.92    
Dec-13   $21,903.85          Finished college. Graduated with zero debt thanks to spending the majority of my degree at a community college and working 40+ hours a week the whole time.
Jan-14   $24,028.75    
Feb-14   $25,475.82    
Mar-14   $26,480.62    
Apr-14   $32,071.04           Started reading MMM.
May-14   $32,166.76    
Jun-14   $35,030.11    
Jul-14   $39,832.53    
Aug-14    $41,600.72    
Sep-14   $43,536.95    
Oct-14   $46,353.34    
Nov-14   $51,066.46           Moved 1500 miles for Job, big growth spurt came from advance for moving expenses.
Dec-14   $50,852.04    
Jan-15    $56,661.62    
Feb-15    $63,155.09    
Mar-15   $64,334.44    
Apr-15   $52,588.68             Home Purchase - Down Payment on house
May-15   $55,631.95    
Jun-15   $57,427.62    
Jul-15   $79,110.25             Home equity added to mint. $10k in instant equity due to finding a deal on a foreclosure owned by a bank that didn't know the local market.
Aug-15   $79,679.80    
Sep-15   $81,828.87    
Oct-15   $87,487.43    
Nov-15   $87,519.89    
Dec-15   $87,267.01    
Jan-16   $85,533.09    
Feb-16   $89,507.62    
Mar-16   $99,265.54           Actually hit 100K during this month! Net was brought back under by a mortgage payment that has been withdrawn, but not reflected in the equity yet.


A couple stats and factoids.

Age: 25
Asset breakdown: 16% cash/savings. 26% investments, 31% Retirement account, 27% home equity.
Debt: Nothing other than mortgage. Watched my parents destroy any hope of retirement with credit cards.
Field: Public sector I.T. (Decent pay, but far from the 6 figure salaries that seem to be common around here)

(https://i.imgsafe.org/41d9cf2.png)

Time to go start lurking in the 6 figure thread!
Title: Re: Race from 10 to 100k!!
Post by: mrteacher on March 31, 2016, 06:15:08 PM
I made it! Closed in March comfortably over $100,000!

9/1: $78,487.07
10/1: $81,428.69
11/1: $87,887.66
12/1: $90,220.55
1/1: $93,782.59
2/1: $91,959.06
3/1: $93,145.64
4/1: $100,869.59

On to $250k!

Keep on keeping on, everyone!
Title: Re: Race from 10 to 100k!!
Post by: carozy on March 31, 2016, 07:22:35 PM
I made it! Closed in March comfortably over $100,000!

9/1: $78,487.07
10/1: $81,428.69
11/1: $87,887.66
12/1: $90,220.55
1/1: $93,782.59
2/1: $91,959.06
3/1: $93,145.64
4/1: $100,869.59

On to $250k!

Keep on keeping on, everyone!

Congrats!  You had some big jumps there too :)
Title: Re: Race from 10 to 100k!!
Post by: andy85 on April 01, 2016, 06:28:09 AM
Somehow i just now saw this thread...and it is one i can actually not feel out of place :)

(2010-2013 amounts are my best guess. Didn't start tracking until 2014)

End of Year: Amount
2010: -$7,500
2011: $7,500
2012: $8,500 (bought a car - hence the relatively flat NW)
2013: $24,000
2014: $36,285 (Found MMM in October)
2015: $40,655 (Peaked at $48k, but then I liquidated some savings to buy a house)
Today: $48,000

There is a very slim chance i could hit 100k by the end of 2017...should get there in 2018 for sure.
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on April 01, 2016, 06:42:50 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

March was a good month for me. Between my employer simple IRA company match being deposited, the market gains in general, and also some privately held company stock that I own increased the share price by 7%, I have seen a very nice jump in my net worth! Little bit of a milestone for me surpassing the $50k mark. Slow and steady my progress has been but finally crossing the half way mark is giving me extra motivation to stay the course.

Glad to see we have a bunch of new people joining in on the race! Good luck everyone and I am excited to watch your progress along the way!
Title: Re: Race from 10 to 100k!!
Post by: SGontour on April 01, 2016, 08:51:30 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

Down more than 3k... no new investments, weak USD and markets mostly sideways.

Title: Re: Race from 10 to 100k!!
Post by: celticmyst08 on April 01, 2016, 10:19:38 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   +13.43%

Woohoo! We are still looking on track to hit $100k in November or so. Considering we totally overshot our goal of hitting $50k in 2015, I'm hoping we will smash this one too.
Title: Re: Race from 10 to 100k!!
Post by: katthjul on April 01, 2016, 11:25:01 AM
EOY 2015: €16,728
Jan 2016: €15,895
Feb 2016: €17,250
Mar 2016: €19,597

Saved a bit more than I usually manage.
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on April 01, 2016, 11:40:02 AM
Damn, all of you are really impressive!
Real good looking progress CanyonMan, you are MILES ahead of nearly every other 25 year old out there, killin' it!

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

Most of this NW is in equity/Pension/retirement accounts so I'm just focusing on getting a larger Emergency Fund for the next few months as I've always gone a little light on cash in the bank.
Title: Re: Race from 10 too 100k!!
Post by: tarheeldan on April 02, 2016, 03:37:09 PM
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.

Congratulations!! See you there :-)

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.

Welcome!


02/29/16   46,830.84
03/31/16   58,923.60

Past the half-way mark!

I made it! Closed in March comfortably over $100,000!
4/1: $100,869.59

On to $250k!

Keep on keeping on, everyone!

Congratulations! :-)

2/29/2016: $105,360
3/31/2016: $101,978
Logged quarterly market movement. Does not include $11k deposit on new house or rental house real estate value. Going to have to figure out new plan for tracking net worth or I'm about to take a really big hit on paper :) Looks like I'm still officially a graduate even after paying for inspections and deposit!

Congrats!


As for myself, *so close*! $99,781.52 :-)
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on April 03, 2016, 06:38:48 AM
As for myself, *so close*! $99,781.52 :-)

Give those sofa cushions another shake!
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on April 04, 2016, 09:35:24 AM
Aug 15: 5327 (found MMM)
Sep 15: 5776
Oct 15: 6965
Nov 15: 8551
Dec 15: 12085
Jan 16: 12700
Feb 16: 13961
Mar 16: 14854
Apr 16: 16220

Slow and steady makes me incredibly impatient!
Title: Re: Race from 10 to 100k!!
Post by: carozy on April 05, 2016, 11:55:20 AM
I like the run-down, makes it easier to see my progress.  I'll start updating this every month.

May 14 - $6,590
Jun 14 - $6,590
Jul 14 - $7,267
Aug 14 - $8,902
Sep 14 - $10,162
Oct 14 - $11,419
Nov 14 - $12,826
Dec 14 - $14,319

Jan 15 - $5,657
Feb 15 - $8,830
Mar 15 - $19.745
Apr 15 - $21,361
May 15 - $22,183
Jun 15 - $23,114
Jul 15 - $23,835
Aug 15 - $24,567
Sep 15 - $17,037
Oct 15 - $19,906.58
Nov 15 - $22,432.54
Dec 15 - $24,483.03

Jan 16 - $25,329.42
Feb 16 - $27,698.48
Mar 16 - $30,131.47
Title: Re: Race from 10 to 100k!!
Post by: charis on April 07, 2016, 07:56:37 AM
October 1, 2015: ~$40K
February 2016: ~$65K

April 2016 (so far): $71K
Title: Re: Race from 10 to 100k!!
Post by: coolistdude on April 07, 2016, 09:12:23 AM
Count me in! I simply must grow out this peach fuzz!

As of March:

No debts!
$13k EF
$1.5k house down
$10k retirement

$24.5k savings. EF is complete. Of savings, 2/3 goes to retirement and 1/3 goes to house down. Or about $1050/retirement and $500 house a month. So, my journey may take awhile. Hoping to get a raise or two, but my savings % is currently only 36%.
Title: Re: Race from 10 to 100k!!
Post by: CanyonMan on April 08, 2016, 11:51:23 AM
Damn, all of you are really impressive!
Real good looking progress CanyonMan, you are MILES ahead of nearly every other 25 year old out there, killin' it!

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

Most of this NW is in equity/Pension/retirement accounts so I'm just focusing on getting a larger Emergency Fund for the next few months as I've always gone a little light on cash in the bank.

Thanks. I was fortunate enough to have a combination a desire to work, and the luck to be in the right place at the right time to get a stable job to carry me through college. I started working half time during my first semester of college, and full time during the first summer and never stopped. Hopefully it will pay off in a decade and I can sit back and enjoy FIRE while the people I envied back then look at retirement dates 30-40 years in the future.

You're looking pretty good yourself Woodro.
Title: Re: Race from 10 to 100k!!
Post by: druth 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
Title: Re: Race from 10 too 100k!!
Post by: AcftW 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.

Title: Re: Race from 10 to 100k!!
Post by: MVal on April 15, 2016, 11:04:06 AM
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.
Title: Re: Race from 10 to 100k!!
Post by: tomita on April 17, 2016, 06:44:21 PM
16 Mar 2016     $64300 - $13200 = $51300
17 Apr 2016     $103500 -$45600 = $57900
Title: Re: Race from 10 to 100k!!
Post by: ardrum 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
Title: Re: Race from 10 to 100k!!
Post by: MVal 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...!)

Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on April 21, 2016, 08:27:43 PM
As of 3/8: $20,818
As of 3/29: $23,784

4/21: $26,650
Title: Re: Race from 10 to 100k!!
Post by: burrowsrw on April 25, 2016, 08:11:57 PM
Add me if you are still accepting newcomers

Oct $52,000
Apr $62,000
Title: Re: Race from 10 to 100k!!
Post by: notarealdoctor 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
Title: Re: Race from 10 too 100k!!
Post by: Grog on April 26, 2016, 12:54:39 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
Title: Re: Race from 10 to 100k!!
Post by: lamil 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
Title: Re: Race from 10 to 100k!!
Post by: 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.

Title: Re: Race from 10 to 100k!!
Post by: Pooperman on April 29, 2016, 07:38:26 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?
Title: Re: Race from 10 to 100k!!
Post by: 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?
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on April 29, 2016, 07:54:57 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.
Title: Re: Race from 10 to 100k!!
Post by: merlin7676 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


Title: Re: Race from 10 to 100k!!
Post by: athiker10 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.
Title: Re: Race from 10 to 100k!!
Post by: katthjul 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.
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 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
Title: Re: Race from 10 to 100k!!
Post by: $40Kby40 on April 30, 2016, 07:25:08 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
Title: Re: Race from 10 to 100k!!
Post by: celticmyst08 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.
Title: Re: Race from 10 to 100k!!
Post by: SGontour 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 :)

Title: Re: Race from 10 to 100k!!
Post by: CmFtns 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
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan 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!
Title: Re: Race from 10 to 100k!!
Post by: AcftW 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
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 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
Title: Re: Race from 10 to 100k!!
Post by: monstermonster 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
Title: Re: Race from 10 to 100k!!
Post by: carozy 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
Title: Re: Race from 10 to 100k!!
Post by: marcela on May 04, 2016, 11:40:40 AM
New to the board
According to Mint this has been my net worth since I started tracking.

08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023

08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k

08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002

A few of the big jumps can be explained by adding accounts to Mint which makes August of last year look pretty amazing. I added in some information to explain some changes that affected my savings.

Info about me: I'm 28 years old, married, but single earner while my husband is in school. I currently make 55k and rent. 1 car and one doggie.

We're on track to hit 100k net worth by end of year, but our net worth will take a dramatic hit next year since we'll probably be buying a car for my husband and we won't be living in subsidized housing anymore. However, he will also be graduating and earning some money so it might be a wash.

Title: Re: Race from 10 to 100k!!
Post by: Mazzinator on May 09, 2016, 03:20:25 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!!

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)
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on May 10, 2016, 03:49:33 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!
Title: Re: Race from 10 to 100k!!
Post by: tomita 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
Title: Re: Race from 10 to 100k!!
Post by: tarheeldan on May 10, 2016, 08:15:37 PM


Woooo hoooooo!
See ya! (Just kiddin)

Congratulations!
Title: Re: Race from 10 to 100k!!
Post by: Mazzinator on May 11, 2016, 09:45:38 AM
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!!
Title: Re: Race from 10 to 100k!!
Post by: ardrum 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
Title: Re: Race from 10 to 100k!!
Post by: Imustacheyouaquestion 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.
Title: Re: Race from 10 to 100k!!
Post by: charis on May 20, 2016, 08:32:44 AM
October 1, 2015: ~$40K
February 2016: ~$65K
April 2016 (so far): $71K
May 2016: $81K
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on May 20, 2016, 09:25:27 AM
3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769
Title: Re: Race from 10 to 100k!!
Post by: onehair 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.
Title: Re: Race from 10 to 100k!!
Post by: merlin7676 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*
Title: Re: Race from 10 to 100k!!
Post by: $40Kby40 on May 31, 2016, 01:06:23 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
Title: Re: Race from 10 to 100k!!
Post by: lamil on May 31, 2016, 11:14:01 AM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693

Title: Re: Race from 10 to 100k!!
Post by: druth on May 31, 2016, 12:27:16 PM
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).
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 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
Title: Re: Race from 10 to 100k!!
Post by: frogger 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 (https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?pref=2&pli=1#gid=0)

(Also found in the first post of the thread.)
Title: Re: Race from 10 to 100k!!
Post by: CmFtns 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
Title: Re: Race from 10 to 100k!!
Post by: SGontour 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
Title: Re: Race from 10 to 100k!!
Post by: katthjul 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
Title: Re: Race from 10 to 100k!!
Post by: athiker10 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
Title: Re: Race from 10 to 100k!!
Post by: Rhoon 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
Title: Re: Race from 10 to 100k!!
Post by: AcftW 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.
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on June 02, 2016, 10:54:13 AM
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

6/1/2016   $88,367.43
3 paycheques fall into next months update, but so does property tax! Plugging along and on target to 'graduate' pretty soon.
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on June 02, 2016, 12:07:58 PM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149

Cracked 20k :D
Title: Re: Race from 10 to 100k!!
Post by: tomita on June 04, 2016, 10:32:18 AM
16 Mar 2016    $64300 - $13200 = $51300
17 Apr 2016     $103500 - $45600 = $57900
10 May 2016    $106390 - $42900= $63490
28 May 2016    $109037 - $41046= $67991
Title: Re: Race from 10 to 100k!!
Post by: carozy on June 06, 2016, 10:13:49 AM
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
05/2016 ~ $36,583.68

EDIT:  I recorded the wrong number so I fixed 5/2016 to show my net worth.  :)  Not down, as I had thought.
Title: Re: Race from 10 to 100k!!
Post by: FoundPeace on June 06, 2016, 11:44:44 AM
Well, I have been away for quite a while, and I didn't track all of my accounts for a few of the months. Things were pretty rough what with my dad's death, my wife and I leaving the Mormon church, my ADD diagnosis, and some health problems induced by my frequent travel to Mexico for work.

Good news though, $124,966.64! Quite a bit of that is due to timing the market with the purchase of my house, because it increased in price by almost $32k since I bought it in November (based on Zillow, which has been pretty accurate for my area).

I think I would like to start this challenge again, but with investments only this time. Turns out I have just as much money in investments now ($29k) as my net worth when I started the challenge ($20k) two years ago. $100k in two years for someone with a single income supporting my wife, 3.5. year old, and 2 year old on a salary of about $60k (before taxes). It is possible!
Title: Re: Race from 10 to 100k!!
Post by: FIPurpose on June 06, 2016, 09:48:09 PM
Well, I have been away for quite a while, and I didn't track all of my accounts for a few of the months. Things were pretty rough what with my dad's death, my wife and I leaving the Mormon church, my ADD diagnosis, and some health problems induced by my frequent travel to Mexico for work.

Good news though, $124,966.64! Quite a bit of that is due to timing the market with the purchase of my house, because it increased in price by almost $32k since I bought it in November (based on Zillow, which has been pretty accurate for my area).

I think I would like to start this challenge again, but with investments only this time. Turns out I have just as much money in investments now ($29k) as my net worth when I started the challenge ($20k) two years ago. $100k in two years for someone with a single income supporting my wife, 3.5. year old, and 2 year old on a salary of about $60k (before taxes). It is possible!

Dude that's rough. Losing your Father and your Religion are tough things. Awesome job on pushing forward even with the changes. Feel free to message me if you need an anonymous person to write to.
Title: Re: Race from 10 to 100k!!
Post by: Mr.Bubbles on June 08, 2016, 02:01:46 PM
3/16/16- $10,515 USD
6/8/16- $15,400 USD - I have a small stipend coming in this month from coaching the swim team at the high school i work at, hoping to hit around 20k by the end of this month after taxes and monthly bills. (two pay checks for me and one for the wife left this month + coaching stipend).

*** investments and cash only,
no debt except mortgage.
Title: Re: Race from 10 to 100k!!
Post by: Imustacheyouaquestion on June 19, 2016, 07:12:10 PM
1/31/16: 71,733
2/29/16: 74,225
3/25/16: 80,361
4/16: 85,438
5/20/16: 86,299
6/30/16: 88,255

Three paychecks next month should push me well into the 90s. Feeling near now!
Title: Re: Race from 10 to 100k!!
Post by: MVal on June 23, 2016, 07:54:40 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
6/30/16: 88,255

Three paychecks next month should push me well into the 90s. Feeling near now!

Wow, getting so close, congrats!! I anticipate being where you were in March by the end of this year. It feels so slow, but on the bright side I am over $13K ahead of where I was at the beginning of the year. We're all killin' it, though!!
Title: Re: Race from 10 to 100k!!
Post by: steveo on June 27, 2016, 04:27:14 PM
4th January 2016 : 55k.
29th March 2016: 58k.
28th June 2016: 77k.

It's not bad considering the markets haven't been that good. I'm hopefully in the next 3 months that we get past 100k.

Title: Re: Race from 10 to 100k!!
Post by: monstermonster on June 29, 2016, 02:00:45 PM
3/1/2016: $10,106
4/1/2016: $10,624
5/1/2016: $14,504
6/31/2016: $18,193

Racing up to $20K despite the market dips :-)
Title: Re: Race from 10 to 100k!!
Post by: Runningtuff on June 30, 2016, 02:26:16 AM
Great progress! Congratulations grads.

I'm quietly chuffed that mine has doubled over the 16 months since I started tracking. I wouldn't have predicted that at all.
Title: Re: Race from 10 to 100k!!
Post by: merlin7676 on June 30, 2016, 08:34:46 AM
oh vey the markets, the markets.  Could have been better but still it's a gain in the right direction

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   $64,177.27
06/30/16   $65,338.17
Title: Re: Race from 10 to 100k!!
Post by: AcftW on July 01, 2016, 06:51:47 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
$59,924 - Jul 2016

Doing a lot better than I could have ever expected a year ago. :)
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on July 01, 2016, 06:56:19 AM
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
06/30/2016: $58,646

Well the streak of raising my net worth for 9 consecutive month's came to end sadly. Moved into a new place and needed to buy a few small appliances as well as some other one time expenses that hit me hard this past month. July is a 3 pay check month and I am excited to get back on that increasing my net worth train. Now I have extra motivation to beat that 9 month Streak!
Title: Re: Race from 10 to 100k!!
Post by: andy85 on July 01, 2016, 09:55:09 AM
Somehow i just now saw this thread...and it is one i can actually not feel out of place :)

(2010-2013 amounts are my best guess. Didn't start tracking until 2014)

End of Year: Amount
2010: -$7,500
2011: $7,500
2012: $8,500 (bought a car - hence the relatively flat NW)
2013: $24,000
2014: $36,285 (Found MMM in October)
2015: $40,655 (Peaked at $48k, but then I liquidated some savings to buy a house)
Today: $48,000

There is a very slim chance i could hit 100k by the end of 2017...should get there in 2018 for sure.

2010: -$7,500
2011: $7,500
2012: $8,500 (bought a car - hence the relatively flat NW)
2013: $24,000
2014: $36,285 (Found MMM in October)
2015: $40,655 (Peaked at $48k, but then I liquidated some savings to buy a house)
2016 January1: $40,579
2016 July1: $53,694

shooting for 60-65k by the end of the year. 2017 goals will be 85-100k.
Title: Re: Race from 10 to 100k!!
Post by: Dancing Fool on July 01, 2016, 12:11:59 PM
Just making my way over to the forum, been reading MMM off and on for the past 2 months (made my way through most of the archives at this point). I'm taking the longer road to FI - competitive ballroom and latin dance is my outside of work passion project and it's near-impossible to do well in without pretty large spending. Til the end of the year, won't be saving much except for Roth IRA and 401(k) - maxing out both including catching up for not contributing at a max-out rate the first 6 months of the year. On track to hit $100k w/o the car around 06/01/2017, assuming 0% return on investments (obviously, I'm hoping for a positive return, which would just make me hit $100k sooner). Looking forward to tracking my progress!

7/1/2016: $83,089.96 / $78,807.96 (w/ vs. w/o car - 2007 Mazda3)
Title: Re: Race from 10 to 100k!!
Post by: SGontour on July 02, 2016, 02:14:37 PM
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
June 2016: CHF 89,312
Title: Re: Race from 10 to 100k!!
Post by: katthjul on July 02, 2016, 02:32:55 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
Jun 2016: €26,040
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on July 03, 2016, 08:13:00 PM
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
6/1/2016   $88,367.43

7/1/2016 $93,318.49
Title: Re: Race from 10 to 100k!!
Post by: athiker10 on July 04, 2016, 11:00:47 AM
April-16 NW:  $38,442.00
May-16 NW:   $38,264.52
Jun-16  NW:   $40,547.85

Not sure how I managed to break forty, but I'll take it! (I also had to subtract the $1100 I have as a grant for school)

Title: Re: Race from 10 to 100k!!
Post by: Rhoon on July 05, 2016, 09:14:15 AM
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

7/5/2016 $60,467.76

Mostly attributed to a reduction of debt, adding of an HSA and the stock market rebounded nicely.
Title: Re: Race from 10 to 100k!!
Post by: druth on July 05, 2016, 12:38:56 PM
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    $38453.77
Jun-16    $43398.36

Updated the house value in Mint so it was kind of a big jump, idk if it really reflects reality, but long term trends is all that actually matters so ―\_(ツ)_/―.

Finishing my basement so I can rent it out.  So I look forward to that big drop, though it means that my accrual rate will go way up!  I'll be getting 2.2% per month return on that and my mortgage and the fix up loans will be fully covered by rents, so I'm excite.
Title: Re: Race from 10 to 100k!!
Post by: peppermint on July 05, 2016, 04:49:51 PM
Hi. I haven't posted in here in a long time. I was participating in the challenge in 2014-2015 and found it pretty motivating, I am not sure why I stopped posting. I just did my calculations and my NW at present is about 48K, which is less than what it was when I was last following this thread in 2015. :(

I will take the facepunch and any motivation I can to get back on track! I'm close to 50K, so let's call that the interim goal.
Title: Re: Race from 10 to 100k!!
Post by: marcela on July 20, 2016, 01:42:27 PM
New to the board
According to Mint this has been my net worth since I started tracking.

08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023

08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k

08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002

*snip*

Whoops, its been a while. Here's my end of month numbers for May and June. Getting closer!

05/2016: $87,545
06/2016: $89,146
Title: Re: Race from 10 to 100k!!
Post by: Imustacheyouaquestion on July 29, 2016, 08:00:05 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
6/30/16: 88,255
7/31/16: 99,033

Three paychecks this month plus a stock market bump and it's looking like I'll hit the $100k mark in August. I'll post more thoughts/stats next month, but I'm feeling very happy.
Title: Re: Race from 10 to 100k!!
Post by: MVal on July 29, 2016, 08:38:55 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
6/30/16: 88,255
7/31/16: 99,033

Three paychecks this month plus a stock market bump and it's looking like I'll hit the $100k mark in August. I'll post more thoughts/stats next month, but I'm feeling very happy.

Wow, so exciting! I can't believe you went up over $10K in one month, that's INSANE! I'm also loving the stock market jumping up right now, seeing the best numbers ever on my accounts.
Title: Re: Race from 10 to 100k!!
Post by: SpareChange on July 29, 2016, 09:57:17 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
6/30/16: 88,255
7/31/16: 99,033

Three paychecks this month plus a stock market bump and it's looking like I'll hit the $100k mark in August. I'll post more thoughts/stats next month, but I'm feeling very happy.

That is awesome. Good, consistent progress too. Almost there! See you in the 100-250 thread next month :).
Title: Re: Race from 10 to 100k!!
Post by: monstermonster on July 29, 2016, 10:39:32 AM
3/1/2016: $10,106
4/1/2016: $10,624
5/1/2016: $14,504
6/31/2016: $18,193
7/30/2016: $19,296

Soooo close to $20K! Almost certainly going to hit $25K by end of year, markets willing.
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on July 29, 2016, 10:53:55 AM
3/1/2016: $10,106
4/1/2016: $10,624
5/1/2016: $14,504
6/31/2016: $18,193
7/30/2016: $19,296

Soooo close to $20K! Almost certainly going to hit $25K by end of year, markets willing.

You're almost half way there (assuming continuous compounding and continuous contribution...$30k in this case)!

Going to go backwards hard this month and next with the purchase of a home. September will make most of that back up, though.
Title: Re: Race from 10 to 100k!!
Post by: SGontour on July 29, 2016, 12:40:28 PM
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
June 2016: CHF 89,312
Juli 2016: CHF 92,488
Title: Re: Race from 10 to 100k!!
Post by: katthjul on July 30, 2016, 06:39:53 AM
EOY 2014: €0
EOY 2015: €16,728
Jan 2016: €15,895
Feb 2016: €17,250
Mar 2016: €19,597
Apr 2016: €20,332
May 2016: €24,718
Jun 2016: €26,040
Jul 2016: €29,365

I had hoped to reach €30k, but it should happen next month.
Title: Re: Race from 10 to 100k!!
Post by: FausseBourgeoise on July 30, 2016, 09:54:43 AM
Hit the 20k mark yesterday. It feels great. I was at 0 in November coming out of school. Sometimes it feels like progress is so slow, but really it's significant. :)
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on July 30, 2016, 07:47:58 PM
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
6/1/2016   $88,367.43
7/1/2016 $93,318.49

8/1/2016 $98,467.26  - If things go - normal - I should finally break the $100k barrier in two weeks! Looks like there is a few of us about to move on from this thread but i better reserve my milestones until I actually get there, things could still change.
Title: Re: Race from 10 to 100k!!
Post by: nathan01xl on July 30, 2016, 08:15:21 PM
Jan - $45,622   
Feb - $49,164   
March - $62,581   
April - $66,697   
May - $71,586
June - $76,413
July - $83,499

On track for beginning of November!
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on July 31, 2016, 08:48:28 AM
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
06/30/2016: $58,646
07/31/2016: $64,525

Title: Re: Race from 10 to 100k!!
Post by: lamil on August 01, 2016, 07:38:08 AM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
Title: Re: Race from 10 to 100k!!
Post by: CmFtns on August 01, 2016, 09:44:03 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

June  $55,116.73
July   $61,327.75
Title: Re: Race from 10 to 100k!!
Post by: Dancing Fool on August 01, 2016, 10:47:00 AM
7/1/2016: $83,089.96 / $78,807.96 (w/ vs. w/o car - 2007 Mazda3)

8/1/2016: $89,039.57 / $84,858.57

Apparently the market appreciate quite a bit this month, because I know I didn't stash $6k!
Title: Re: Race from 10 to 100k!!
Post by: marcela on August 01, 2016, 11:17:54 AM
New to the board
According to Mint this has been my net worth since I started tracking.

08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023

08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k

08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002

*snip*

Whoops, its been a while. Here's my end of month numbers for May and June. Getting closer!

05/2016: $87,545
06/2016: $89,146

07/2016: $92,533

This number is actually higher because I have several outstanding reimbursements for work travel. Getting close!
Title: Re: Race from 10 to 100k!!
Post by: celticmyst08 on August 01, 2016, 12:27:09 PM
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:   78,687.49
05/2016:   83,325.72
06/2016:   86,051.62
07/2016:   85,949.42

Had a stagnant month after several large (planned) expenses. $100k is getting ever closer! I can almost taste it!
Title: Re: Race from 10 to 100k!!
Post by: Good_Juju on August 01, 2016, 12:38:14 PM
I'd like to join in. I have had my big girl job outside of school since last May. Including the value of my car, I just recently became positive. $14,000 student loans and about $6k in my 401k.

8/1/2016: $2,136 
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on August 01, 2016, 02:10:54 PM
I've missed a couple of months:

3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769
8/1: $34,808
Title: Re: Race from 10 to 100k!!
Post by: adamb on August 02, 2016, 12:16:52 AM
Right now I'm at 30k. Started the year at 10k. Hoping to hit 45k by the end of the year! (Planned vacation will cut in the savings rate).
Title: Re: Race from 10 to 100k!!
Post by: AcftW on August 02, 2016, 07:07:17 PM
$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
$59,924 - Jul 2016
$55,527 - Aug 2016

Regressed for the first time since I started tracking.  Pretty big curveball got thrown at me, but I'm confident I'll re-group and surge past.
Title: Re: Race from 10 to 100k!!
Post by: andy85 on August 04, 2016, 10:32:16 AM
Jan 16   $39,550
Feb 16   $41,468
Mar 16   $47,974
Apr 16   $51,484
May 16   $52,730
Jun 16   $53,694
Jul 16   $55,669
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on August 06, 2016, 04:16:25 AM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325

It's been 1 year since I found MMM! In that time I've had 18k networth increase  on 38k take home pay. I'm still a massive spendypants. Shooting for 45k networth (22k increase) next August.
Title: Re: Race from 10 to 100k!!
Post by: kickel on August 11, 2016, 10:26:19 AM
I did it! I finally graduated to the next thread! I've been MIA for the past few months due to life getting busy. I started a business, didn't enjoy it ended up selling it for about what i put in. I found a new job in a new industry, and now I've finally crossed the finish line! 101,705! All of which is liquid assets.

It happens quicker than you think, now i just wish Denver was still an affordable city, so I can start growing some home equity.
Title: Re: Race from 10 to 100k!!
Post by: MVal on August 12, 2016, 08:00:31 AM
I did it! I finally graduated to the next thread! I've been MIA for the past few months due to life getting busy. I started a business, didn't enjoy it ended up selling it for about what i put in. I found a new job in a new industry, and now I've finally crossed the finish line! 101,705! All of which is liquid assets.

It happens quicker than you think, now i just wish Denver was still an affordable city, so I can start growing some home equity.

Wow, six figures liquid! Are you planning on doing any Vanguard index investing with some of that?
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on August 12, 2016, 08:06:01 AM
Closing costs for the house we're buying next week will set us back about $7k, down to $54k. $100k grad date looks like Dec 2017.
Title: Re: Race from 10 to 100k!!
Post by: kickel on August 12, 2016, 09:41:36 AM
I did it! I finally graduated to the next thread! I've been MIA for the past few months due to life getting busy. I started a business, didn't enjoy it ended up selling it for about what i put in. I found a new job in a new industry, and now I've finally crossed the finish line! 101,705! All of which is liquid assets.

It happens quicker than you think, now i just wish Denver was still an affordable city, so I can start growing some home equity.

Wow, six figures liquid! Are you planning on doing any Vanguard index investing with some of that?

I have about 91,000 in investments, and the rest in cash. My plan from here is to save up for a down payment on a place, while still maxing out my retirement accounts, wish me luck!
Title: Re: Race from 10 to 100k!!
Post by: LivlongnProsper on August 12, 2016, 09:47:27 AM

I have about 91,000 in investments, and the rest in cash. My plan from here is to save up for a down payment on a place, while still maxing out my retirement accounts, wish me luck!
[/quote]

Good luck and keep it up.
Title: Re: Race from 10 to 100k!!
Post by: Woodro85 on August 16, 2016, 01:12:20 PM
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
6/1/2016   $88,367.43
7/1/2016 $93,318.49

8/1/2016 $98,467.26  - If things go - normal - I should finally break the $100k barrier in two weeks! Looks like there is a few of us about to move on from this thread but i better reserve my milestones until I actually get there, things could still change.

Well it's been a peach y'all but I'm moving on up! $103,038. Hope to see you in the next group shortly, unless the markets take a nose dive and I'm back here again.
Title: Re: Race from 10 to 100k!!
Post by: steveo on August 17, 2016, 12:50:52 AM
4th January 2016 : 55k.
29th March 2016: 58k.
28th June 2016: 77k.

It's not bad considering the markets haven't been that good. I'm hopefully in the next 3 months that we get past 100k.

Just hit $102k today. I'm moving onto the $250k thread.
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on August 18, 2016, 03:05:19 AM
Massive congratulations to all the graduates! Well done and hope to see you in the next thread soon!
Title: Re: Race from 10 to 100k!!
Post by: intirb on August 21, 2016, 03:32:47 PM
Hello everyone - long-time spreadsheet lurker here :)

It looks like the spreadsheet got messed up on August 5th.  I think someone added a row to the very top, and that messed everything up?  I deleted the top row, and I *think* that fixed it, but if not, we may have to revert to the August 2nd version.  Check your data?
Title: Re: Race from 10 to 100k!!
Post by: burrowsrw on August 27, 2016, 04:16:18 PM
Jan 16 53k
Feb 16 56k
Mar 16 60k
Apr 16 64k
May 16 68k
Jun 16 67k
Jul 16  69k
Title: Re: Race from 10 to 100k!!
Post by: song gnos on August 27, 2016, 09:52:19 PM
May 2016 $ -11,982.00
June 2016 $ -7,244.00
July 2016 $ -4,158.00
August 2016 $

As of writing this I'm currently at $59.98
First time reaching a positive NW.
Title: Re: Race from 10 to 100k!!
Post by: Imustacheyouaquestion on August 29, 2016, 08:37:48 PM
1/31/16: 71,733
2/29/16: 74,225
3/25/16: 80,361
4/16: 85,438
5/20/16: 86,299
6/30/16: 88,255
7/31/16: 99,033
8/29/16: 102,586
____

Assets: $108,278

Cash, checking, savings: $11,576
Brokerage: $14,862
HSA: $3561
TSP: $47,979
Roth IRA: $22,893
Pension contributions: $7407

Debts:
Credit: -$5692 (revolving, includes work reimbursements)
________

I made it! 36 months since I first crossed $10k in August of 2013. I graduated school in June 2012 and had a full year without much progress. I believe I started reading MMM sometime that year and really began making changes when I switched to a higher paying job in Sept 2013.

I had a few backslides from tax issues and moving to switch jobs twice, leading to paycheck gaps and moving expenses. But both times increased my salary substantially. I am actually planning another strategic move soon to lower my COL in a new area.

What I did well the last three years: increasing my TSP with every raise, maxing an HSA, maxing my Roth IRA, picking up a side job that sometimes pays better hourly than my day job, automatic savings allocations for a house down payment. My paycheck after deductions and savings allocations is less money than I was regularly spending in 2012, when my salary was 50% of what it is now :)

Hope to see the rest of you soon in the race to $250k thread!!
Title: Re: Race from 10 to 100k!!
Post by: cliffhanger on August 30, 2016, 08:06:13 AM
Hey folks, long time lurker here. I haven't been very vocal on here, but I've been cheering you all on!

I was expecting to hit the 6 figure net worth later this year, but was surprised to pass it this month! Keep it up for those of you still working on it, and see you over at the 250k thread. :D
Title: Re: Race from 10 to 100k!!
Post by: monstermonster on August 30, 2016, 09:11:12 AM
3/1/2016: $10,106
4/1/2016: $10,624
5/1/2016: $14,504
6/31/2016: $18,193
7/30/2016: $19,296

Soooo close to $20K! Almost certainly going to hit $25K by end of year, markets willing.
I JUST CROSSED $20K!!

8/30/2016: $21,334

There will probably be a dip this month, though, as I'm taking a month off between jobs, so the markets would have to go gangbusters to make up for the $1,100 in expenses without income.
Title: Re: Race from 10 to 100k!!
Post by: SGontour on August 31, 2016, 12:51:30 PM
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
June 2016: CHF 89,312
Juli 2016: CHF 92,488
August 2016: CHF 99,535

Ah, sooo close! In USD I would have made it by now ;)

September will be an expensive month: Paying taxes, holiday for 2 weeks in asia, paying mortgage for Okt to Dec.
Unless the market goes up, will be impossible to finish this race in September....
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on August 31, 2016, 06:38:15 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
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
Title: Re: Race from 10 to 100k!!
Post by: nathan01xl on August 31, 2016, 10:54:28 PM
Jan - $45,622   
Feb - $49,164   
March - $62,581   
April - $66,697   
May - $71,586
June - $76,413
July - $83,499
August - $88924

On track for beginning of November!
Title: Re: Race from 10 to 100k!!
Post by: katthjul on September 01, 2016, 03:44:11 AM
EOY 2014: €0
EOY 2015: €16,728
Jan 2016: €15,895
Feb 2016: €17,250
Mar 2016: €19,597
Apr 2016: €20,332
May 2016: €24,718
Jun 2016: €26,040
Jul 2016: €29,365
Aug 2016: €30,475

Just broke 30k!
Title: Re: Race from 10 to 100k!!
Post by: andy85 on September 01, 2016, 06:59:56 AM

Jan 16   $39,550
Feb 16   $41,468
Mar 16   $47,974
Apr 16   $51,484
May 16   $52,730
Jun 16   $53,694
Jul 16   $55,669
Aug 16   $56,725
Title: Re: Race from 10 to 100k!!
Post by: marcela on September 01, 2016, 07:39:31 AM
08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023
08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k
08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002
05/2016: $87,545
06/2016: $89,146
07/2016: $92,533

08/2016: $96,197

Looks like we'll hit 100k in November. It'll be short lived due to some big expenses coming up. Still exciting!
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on September 01, 2016, 10:13:50 AM
3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769
8/1: $34,808
9/1: $37,342
Title: Re: Race from 10 to 100k!!
Post by: lamil on September 01, 2016, 12:28:57 PM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
August 31, 2016: 34,286
Title: Re: Race from 10 to 100k!!
Post by: AcftW on September 01, 2016, 12:44:51 PM
$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
$59,924 - Jul 2016
$55,527 - Aug 2016

Regressed for the first time since I started tracking.  Pretty big curveball got thrown at me, but I'm confident I'll re-group and surge past.

$61,117 - Sep 2016

Bounced back well enough, this month should be good to me, but October might be a bit more tumultuous.  Moving again.
Title: Re: Race from 10 to 100k!!
Post by: Good_Juju on September 02, 2016, 02:17:16 PM
Aug 2016: $2,136
Sept 2016: $5,733
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on September 05, 2016, 10:52:31 AM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285

At this rate it'll only take 8000 years to FIRE... Setting up my side business in January though, that should help a bit!
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on September 06, 2016, 09:17:56 AM

Actually at your rate of about $1,000 a month assuming 7% real rate of return and with a FIRE goal of $600,000 starting with $24,285 would only take 20.3 years to reach FIRE! Yah for compound interest!

Very true, I must trust in the higher power (of compound interest). Thanks :)
Title: Re: Race from 10 to 100k!!
Post by: onehair on September 06, 2016, 01:04:35 PM
5/25/2016 last time I checked in here $22604
9/6/2016 $27115
Wow up by $4511 just by doing small gigs, saving more and eating out less??
Title: Re: Race from 10 too 100k!!
Post by: Wiggle on September 08, 2016, 10:43:47 AM
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)


Back in after over a year of not checking in!
Cash/Savings: $8,160
Mutual Funds (non-retirement, house savings): $10,956
Work Retirement Accounts:$57,777

NW: $76,893 (increase of $20,518 - average $1,578 per month since last check-in).

I have moved in with my girlfriend and our monthly expenses have dropped, I have also gotten a bit of a raise at work so I am gaining ground at a faster rate now.  I have spent some money on goodies though and I need to make sure I don't turn up the speed on the treadmill if I can avoid it.

At this rate I hope to break 100k in another year if I tighten up some loose ends.
Title: Re: Race from 10 too 100k!!
Post by: SpareChange on September 08, 2016, 11:43:15 AM
Back in after over a year of not checking in!
Cash/Savings: $8,160
Mutual Funds (non-retirement, house savings): $10,956
Work Retirement Accounts:$57,777

NW: $76,893 (increase of $20,518 - average $1,578 per month since last check-in).

I have moved in with my girlfriend and our monthly expenses have dropped, I have also gotten a bit of a raise at work so I am gaining ground at a faster rate now.  I have spent some money on goodies though and I need to make sure I don't turn up the speed on the treadmill if I can avoid it.

At this rate I hope to break 100k in another year if I tighten up some loose ends.

Welcome back! Good to see you're still plugging away!
Title: Re: Race from 10 to 100k!!
Post by: druth on September 11, 2016, 07:07:53 PM
Sep-15   $6,657
Oct-15   $10,846
Nov-15   $13,419
Dec-15   $19,983
Jan-16   $23,828
Feb-16   $27,482
Mar-16   $33,831
Apr-16   $38,873
May-16    $38453
Jun-16    $43398

Some wibbly wobbly months that were confused by reimbursements from work lead us to...

Sep-16 $56655

For those of you playing at home that's about 50k ($2 short! lol) in the last year.

considering my base salary is 55k that's pretty good IMO! :D
Title: Re: Race from 10 to 100k!!
Post by: frogger on September 15, 2016, 07:55:55 PM
Sep 15: 3,750

Sep 16: 23,000

From the start of my new job to a year later--almost $20,000. With a "promotion" and a pay raise this year, I'm excited to see what another year brings! Still a long way to 100K.
Title: Re: Race from 10 to 100k!!
Post by: Good_Juju on September 16, 2016, 08:16:04 AM
Sep 15: 3,750

Sep 16: 23,000

From the start of my new job to a year later--almost $20,000. With a "promotion" and a pay raise this year, I'm excited to see what another year brings! Still a long way to 100K.

Good job on the progress! For a second I thought you meant you made 20k since yesterday.
Title: Re: Race from 10 to 100k!!
Post by: frogger on September 16, 2016, 08:34:58 AM
Sep 15: 3,750

Sep 16: 23,000

From the start of my new job to a year later--almost $20,000. With a "promotion" and a pay raise this year, I'm excited to see what another year brings! Still a long way to 100K.

Good job on the progress! For a second I thought you meant you made 20k since yesterday.
LOL, don't I wish! Yesterday was payday, but not that much!
Title: Re: Race from 10 too 100k!!
Post by: viverl on September 16, 2016, 08:36:24 AM
This might help my motivation :-)

I am currently at ~ 10.000 € on daily benefit (?) account
plus 5.000 € belonging to my sister and me together just stored in my other account.

I have around 8.000-10.000 € student debt I am only allowed to pay back in 3 years.

I just opened my first depot account and I am waiting for the final documents to arrive so that I can start with indices etc.

Wow, it's been some time...
So first of all I became debt free last year (10.000€)!
Meaning I started at +2.500€ 06/2014.

And currently my networth is...
43.882,85 € @09/2016

I had not looked at this before. Amazing. This forum really motivates :)

Title: Re: Race from 10 to 100k!!
Post by: tomita on September 24, 2016, 04:51:48 PM
16 Mar 2016    $64300 - $13200 = $51300
17 Apr 2016     $103500 - $45600 = $57900
10 May 2016    $106390 - $42900= $63490
28 May 2016    $109037 - $41046= $67991
24 Sep 2016   $109400-$33300=$76100  (sadly we wont reach 100K this year)
Title: Re: Race from 10 to 100k!!
Post by: ardrum on September 27, 2016, 01:14:56 PM
From the 1st of the months...
Jan - $2,000
Feb - $4,793
Mar - $10,108
Apr - $15,574
May - $16,150
Jun - $19,879
Jul - $23,001
Aug - $28,667
Sep - $33,134
Title: Re: Race from 10 to 100k!!
Post by: StacheyStache on September 29, 2016, 05:31:43 AM
Due to making less than 50k I'll probably be way behind some of y'all but...

2 years into the 'real' workforce, networth 40k:

Work pension contribution: 10k
Savings account (earmarked for house downpayment, goal is 50k): 30k

If anyone has ideas about places to put house downpayment money that I plan to use within 1-2 years, I'm all ears!  Earned a whopping 25 cents last month in interest in savings and it made me so sad...
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on September 29, 2016, 05:47:44 AM
Due to making less than 50k I'll probably be way behind some of y'all but...

2 years into the 'real' workforce, networth 40k:

Work pension contribution: 10k
Savings account (earmarked for house downpayment, goal is 50k): 30k

If anyone has ideas about places to put house downpayment money that I plan to use within 1-2 years, I'm all ears!  Earned a whopping 25 cents last month in interest in savings and it made me so sad...

Ally bank has 1% for a savings account. $25 > $0.25.
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on September 29, 2016, 08:27:56 AM
3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769
...
8/1: $34,808
9/1: $37,342
9/29: $39,883

Steady progress.
Title: Re: Race from 10 to 100k!!
Post by: lamil on September 30, 2016, 08:43:13 AM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
August 31, 2016: 34,286

September 30, 2016: $32,870

*new driveway
Title: Re: Race from 10 to 100k!!
Post by: Good_Juju on September 30, 2016, 10:49:24 AM
Aug 2016: $2,136
Sept 2016: $5,733

October: $8,892
Title: Re: Race from 10 to 100k!!
Post by: AcftW on October 02, 2016, 07:45:53 PM
$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
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016

$64,384 - Oct 2016

Moving this month for a better paying job, so odds are any growth will be pretty stagnant.  Subsequent months should be great though.

Title: Re: Race from 10 to 100k!!
Post by: BeautifulDay on October 02, 2016, 08:43:14 PM
NW since I started tracking with mint.

Mar 2016.       $28,361.48
Apr 2016         $31,751.53
May 2016         $38,742.00
Jun 2016         $40,970.43
July 2016         $61,657.51
Aug 2016.       $64,120.62
Sept 2016         $66,961.32
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on October 03, 2016, 06:41:54 AM
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
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
09/30/2016: $68,877

Closing in on 70k! Going to try my hardest to surpass it by the end of October.
Title: Re: Race from 10 to 100k!!
Post by: andy85 on October 03, 2016, 08:18:32 AM

Jan 16   $39,550
Feb 16   $41,468
Mar 16   $47,974
Apr 16   $51,484
May 16   $52,730
Jun 16   $53,694
Jul 16   $55,669
Aug 16   $56,725
Sep 16   $58,793
Title: Re: Race from 10 to 100k!!
Post by: Mr.Bubbles on October 03, 2016, 11:45:37 AM
3/16/16- $10,515 USD
6/8/16- $15,400 USD
10/3/16- $17,684 USD

My daughter was born in June and my wife has stopped working for the time being. Our finances are all over the place... time to get them back in check!
Title: Re: Race from 10 to 100k!!
Post by: nathan01xl on October 03, 2016, 08:51:40 PM
Jan - $45,622   
Feb - $49,164   
March - $62,581   
April - $66,697   
May - $71,586
June - $76,413
July - $83,499
August - $88924

On track for beginning of November!

September - $95816

Title: Re: Race from 10 to 100k!!
Post by: frogger on October 04, 2016, 07:48:22 AM
October 2015: $4,100

October 2016: $25,350

This time last year I had just restarted my slow upward climb after a summer without a paycheck. This year I've had a steady summer income and one full month on the new and improved paycheck.
Title: Re: Race from 10 to 100k!!
Post by: marcela on October 04, 2016, 09:59:28 AM
New to the board
According to Mint this has been my net worth since I started tracking.

08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023

08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k

08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002

*snip*

Whoops, its been a while. Here's my end of month numbers for May and June. Getting closer!

05/2016: $87,545
06/2016: $89,146

07/2016: $92,533

This number is actually higher because I have several outstanding reimbursements for work travel. Getting close!

09/2016: $96,145

Based by this, I'd say we're on track for $100k in late November. I have around $2,500 in reimbursements from my conference this weekend that are outstanding. Very exciting!
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on October 11, 2016, 10:48:09 AM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285
Oct 16: 25400
Title: Re: Race from 10 too 100k!!
Post by: Malum Prohibitum on October 13, 2016, 12:55:11 PM
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

$54,907 November 30, 2105

17.5% increase?  Somebody check my math.

Groan.

October 2016, almost a year later, a $763 increase to $55,671.

Damn.  I stopped tracking it until this month, because I knew things weren't going well, so I stuck my head in the sand.
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on October 13, 2016, 02:29:50 PM
Positive is ALWAYS better than negative when it comes to NW calculations, so at least you didn't fall too far!  New day, hop back on the wagon.  ;)
Title: Re: Race from 10 too 100k!!
Post by: lamil on October 14, 2016, 10:53:49 AM

Groan.

October 2016, almost a year later, a $763 increase to $55,671.

Damn.  I stopped tracking it until this month, because I knew things weren't going well, so I stuck my head in the sand.

Yea but you already have historical data showing that you know how to get 20k+ in a year without issue.  No big deal, just get to pick back up where you left off with a little bonus!
Title: Re: Race from 10 to 100k!!
Post by: NickleNurser on October 16, 2016, 09:33:11 PM
New to this thread! Found MMM in Jan 2016 and began tracking on MINT shortly thereafter.

Jan 2016: 19,799
Feb 2016: 18,990
Mar 2016: 21,803
April 2016: 34,510
May 2016: 37,172
June 2016: 40,277
July 2016: 47,027
August 2016: 47,772
September 2016: 51,071
October 2016: 53,397

If I can increase NW by 35k a year, I'll hit 100k by early 2018!
Title: Re: Race from 10 to 100k!!
Post by: monstermonster on October 23, 2016, 01:21:16 PM
3/1/2016: $10,106
4/1/2016: $10,624
5/1/2016: $14,504
6/31/2016: $18,193
7/30/2016: $19,296
8/30/2016: $21,334
10/23/2016: $18,326

Unfortunately, there's a very large dip 2 months later because I have decided to start my own business and gave the business an $800 loan (not tracked in my personal NW for now) and have been eating into savings a bit with just my personal expenses - which are averaging $1250 month with my health insurance. But I have a part-time W2 job that will keep that flat next couple months I hope while the business gains income.

I'll be treading water for a few months - probably not losing much, but not gaining much either - as I get going.
Title: Re: Race from 10 to 100k!!
Post by: marcela on October 31, 2016, 02:14:31 PM
New to the board
According to Mint this has been my net worth since I started tracking.

08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023

08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k

08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002

*snip*

Whoops, its been a while. Here's my end of month numbers for May and June. Getting closer!

05/2016: $87,545
06/2016: $89,146

07/2016: $92,533

This number is actually higher because I have several outstanding reimbursements for work travel. Getting close!

09/2016: $96,145

Based by this, I'd say we're on track for $100k in late November. I have around $2,500 in reimbursements from my conference this weekend that are outstanding. Very exciting!

10/31/2016: $101,606.36

Holy moly we made it! Apparently I had more outstanding reimbursements than I thought. So I have to leave this thread? We have some large expenditures planned for the next 6 months, so I feel like I'll just bounce back here again soon.
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on October 31, 2016, 02:20:35 PM
3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769
...
8/1: $34,808
9/1: $37,342
9/29: $39,883
10/31: $41,720

Reasonable contribution offset by declining market lead to smaller than expected increase.  My year end target is now $47k, but who knows with the market and the election.
Title: Re: Race from 10 to 100k!!
Post by: FIREGuy on October 31, 2016, 02:44:24 PM
Here goes.

Oct 31st, 2016 - $17,457.17

Haven't done any thorough calculations, but back of the envelope says it should be a little over a year.
Title: Re: Race from 10 to 100k!!
Post by: lamil on October 31, 2016, 07:22:59 PM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
August 31, 2016: 34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
Title: Re: Race from 10 to 100k!!
Post by: nathan01xl on October 31, 2016, 08:04:03 PM
Jan - $45,622   
Feb - $49,164   
March - $62,581   
April - $66,697   
May - $71,586
June - $76,413
July - $83,499
August - $88924
September - $95816


OCTOBER - $99,648

So close its a little disappointing, unfortunately markets did not cooperate (first world problems).

Next pay day is Friday, Nov 4 which should push us over 100k, hopefully for good.
Title: Re: Race from 10 to 100k!!
Post by: SGontour on November 01, 2016, 05:47:39 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
June 2016: CHF 89,312
Juli 2016: CHF 92,488
August 2016: CHF 99,535
September 2016: CHF 98,719
October 2016: CHF 97,521
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on November 01, 2016, 06:43:47 AM
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
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
09/30/2016: $68,877
10/31/2016: $68,616
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on November 01, 2016, 07:08:23 AM
New to the board
According to Mint this has been my net worth since I started tracking.

08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023

08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k

08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002

*snip*

Whoops, its been a while. Here's my end of month numbers for May and June. Getting closer!

05/2016: $87,545
06/2016: $89,146

07/2016: $92,533

This number is actually higher because I have several outstanding reimbursements for work travel. Getting close!

09/2016: $96,145

Based by this, I'd say we're on track for $100k in late November. I have around $2,500 in reimbursements from my conference this weekend that are outstanding. Very exciting!

10/31/2016: $101,606.36

Holy moly we made it! Apparently I had more outstanding reimbursements than I thought. So I have to leave this thread? We have some large expenditures planned for the next 6 months, so I feel like I'll just bounce back here again soon.

Congratulations!!
Title: Re: Race from 10 to 100k!!
Post by: marcela on November 01, 2016, 08:25:17 AM
10/31/2016: $101,606.36

Holy moly we made it! Apparently I had more outstanding reimbursements than I thought. So I have to leave this thread? We have some large expenditures planned for the next 6 months, so I feel like I'll just bounce back here again soon.

Congratulations!!

Thank you!
Title: Re: Race from 10 to 100k!!
Post by: Malum Prohibitum on November 01, 2016, 01:47:04 PM
New to the board
According to Mint this has been my net worth since I started tracking.

08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023

08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k

08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002

*snip*

Whoops, its been a while. Here's my end of month numbers for May and June. Getting closer!

05/2016: $87,545
06/2016: $89,146

07/2016: $92,533

This number is actually higher because I have several outstanding reimbursements for work travel. Getting close!

09/2016: $96,145

Based by this, I'd say we're on track for $100k in late November. I have around $2,500 in reimbursements from my conference this weekend that are outstanding. Very exciting!

10/31/2016: $101,606.36

Holy moly we made it! Apparently I had more outstanding reimbursements than I thought. So I have to leave this thread? We have some large expenditures planned for the next 6 months, so I feel like I'll just bounce back here again soon.

LOL!  Starting with an $18,000 a year job three years ago and almost no net worth - I think you kicked all of our asses!  Congratulations.  This is a very impressive success.

There is a thread for, I think, race from $100k to $250k.
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on November 11, 2016, 04:45:20 AM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285
Oct 16: 25400
Nov 16: 26932
Title: Re: Race from 10 to 100k!!
Post by: MVal on November 11, 2016, 06:33:55 AM
Well, looks like I have one thing I can thank Donald Trump for... My NW finally crossed the 75k mark! It's been teetering between 72 and 74 for a couple of months like a yoyo, but I am FINALLY there. In fact, it crossed 76 yesterday! Not that I expect it to stay there as all this hype settles down, but it was sure nice to see that. Hopefully the over correction won't be too severe.
Title: Re: Race from 10 to 100k!!
Post by: Malum Prohibitum on November 16, 2016, 09:41:19 AM
Jan - $45,622   
Feb - $49,164   
March - $62,581   
April - $66,697   
May - $71,586
June - $76,413
July - $83,499
August - $88924
September - $95816


OCTOBER - $99,648

So close its a little disappointing, unfortunately markets did not cooperate (first world problems).

Next pay day is Friday, Nov 4 which should push us over 100k, hopefully for good.
  Guessing you are there now?
Title: Re: Race from 10 to 100k!!
Post by: AcftW on November 20, 2016, 12:51:53 PM
$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
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016

Been busy and didn't get a chance to update on the first.

According to Personal Capital...

$56,780 - Nov 2016

Short notice travel, unexpected car repair, and moving for work with a few weeks of no income getting settled has taken a toll.  Good news is I've got a new job and moving up from 45k income to 76k, so I should start seeing solid improvement from here. 
Title: Re: Race from 10 to 100k!!
Post by: chesebert on November 20, 2016, 01:16:34 PM
You all are doing really well. This is either the easiest or the hardest range to save for. I got lucky once with my investment but it could have gone the other way. Keep up the good work!
Title: Re: Race from 10 to 100k!!
Post by: jeeebus on November 21, 2016, 08:43:37 AM
Hi all,

I'm new to the group, although I discovered MMM in September 2015. Since then I've been busy getting my finances in order and starting to build my 'stache, which as of today is $21,326.78. Hope to increase this by $2,000 at the end of the month.
Title: Re: Race from 10 to 100k!!
Post by: frugalfanny on November 21, 2016, 01:59:00 PM
I started this year at $24k net worth and I am so thrilled to say I just hit $50k! (If you read my old posts I was including my car value in my net worth calculation. I stopped including it which set me back).

It has taken me 7 years to get to this point.

November 2009: Graduated from grad school with $52k student loans and 5k in the bank, but thankfully also already employed with benefits!
November 2010: -$41,165 (Did a bunch of dumb things like bought a brand new car which was totaled 2 years later)
November 2011: -$26,332
November 2012: -$7,560 (bought another new car which was also totaled 2 years later)
November 2013: $8,748
November 2014: $21,464 (bought a used Rav4 at an unreasonable price with a useless warranty--I clearly make really unintelligent decisions when purchasing a car. I really wish I had found MMM before buying my 1st, and 2nd, and 3rd car. This will not happen again!)
November 2015: $27,355 (Found MMM. Paid off car and started student loan destruction)
November 2016: $50,207 (Hit 50k in retirement savings and net worth. Since I started with ~50k in the red it feels really good to be 50k in the right direction)

Plans for 2017: Getting married in the fall. Money for the wedding already saved. Paying on student loans with a vengeance ($1,133 a month).

Title: Re: Race from 10 to 100k!!
Post by: chesebert on November 23, 2016, 10:37:18 AM
Keep up the good work! You are basically up $100k had you started with 0 as opposed to deep in the red ;)
Title: Re: Race from 10 to 100k
Post by: BeautifulDay on November 23, 2016, 07:35:49 PM
Mar 2016     $35,000
Apr 2016      $31,751
May 2016      $38,742
Jun 2016      $40,970
July 2016      $61,657
Aug 2016     $64,120
Sep 2016      $66,961
Oct 2016      $70,179

Should make $75k by the end of the year.
Title: Re: Race from 10 to 100k!!
Post by: Hey It's Me on November 26, 2016, 11:03:04 PM
Here's what Mint says (though I have a feeling this is slightly inflated with unvested employer match on the 401K):


January 2015         $761.27
February 2015$1,692.86 (first full-time paycheck)
March 2015$7,340.61
April 2015$9,390.15
May 2015$14,705.60
June 2015$15,555.61
July 2015$17,823.47
August 2015   $21,317.49
September 2015$22,306.13 (got a raise)
October 2015$29,095.56
November 2015$29,908.32
December 2015$32,139.84
January 2016$33,406.91
February 2016$44,953.46 (vested a bunch of employer benefits)
March 2016$50,388.38 (No idea... this looks off to me)
April 2016$57,981.30 (got another raise around this time)
May 2016$58,673.90
June 2016$57,834.51
July 2016$63,066.48
August 2016$66,336.33 (got awarded a LOT of RSUs, vest quarterly so no impact in August)
September 2016$64,358.40
October 2016$61,734.57
November 2016$78,814.44 (get a raise, company gets bought, RSUs vest)

Hoping to net out around 80-85K for 2016, and hit 100K early next year!
Title: Re: Race from 10 to 100k!!
Post by: Hey It's Me on November 26, 2016, 11:06:46 PM
It has taken me 7 years to get to this point.

November 2009: Graduated from grad school with $52k student loans and 5k in the bank, but thankfully also already employed with benefits!
November 2016: $50,207 (Hit 50k in retirement savings and net worth. Since I started with ~50k in the red it feels really good to be 50k in the right direction)

Plans for 2017: Getting married in the fall. Money for the wedding already saved. Paying on student loans with a vengeance ($1,133 a month).

CONGRATS!
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on November 28, 2016, 09:15:47 AM
3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769
...
8/1: $34,808
9/1: $37,342
9/29: $39,883
10/31: $41,720
11/28: $44,979

Nothing really exciting, just plugging away.
Title: Re: Race from 10 to 100k!!
Post by: SGontour on November 30, 2016, 03:47:45 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
June 2016: CHF 89,312
Juli 2016: CHF 92,488
August 2016: CHF 99,535
September 2016: CHF 98,719
October 2016: CHF 97,52

November 2016: CHF 106,096

Hopefully the first 100k is really the hardest part to get to 1 million :)

Thank you all for the support and motivation to keep me on track!
Title: Re: Race from 10 to 100k!!
Post by: FIREGuy on November 30, 2016, 04:57:10 AM
Here goes.

Oct 31st, 2016 - $17,457.17

Haven't done any thorough calculations, but back of the envelope says it should be a little over a year.

November 30th, 2016 - $35,747

Always nice to find out that your wife has about 12k in GE stock that was given to her from her grandparents. Looking to liquidate and put it into a Roth before the end of the year for diversification.
Title: Re: Race from 10 to 100k!!
Post by: lamil on November 30, 2016, 07:21:25 AM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
August 31, 2016: 34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
Title: Re: Race from 10 to 100k!!
Post by: Malum Prohibitum on November 30, 2016, 09:07:10 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
June 2016: CHF 89,312
Juli 2016: CHF 92,488
August 2016: CHF 99,535
September 2016: CHF 98,719
October 2016: CHF 97,52

November 2016: CHF 106,096

Hopefully the first 100k is really the hardest part to get to 1 million :)

Thank you all for the support and motivation to keep me on track!
  Congrats!  What explains the big jumps in net worth in January and February?
Title: Re: Race from 10 to 100k!!
Post by: AcftW on November 30, 2016, 05:31:55 PM
$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
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
$56,780 - Nov 2016

Short notice travel, unexpected car repair, and moving for work with a few weeks of no income getting settled has taken a toll.  Good news is I've got a new job and moving up from 45k income to 76k, so I should start seeing solid improvement from here.

It's the first for me, I'm at $58,510 - Dec 2016

I'm getting paid tomorrow, so the number should jump significantly by next month.  And this is more of a personal challenge for me, but if my calculations are correct, with solid budgeting I should be at 100k by next October with my new job.
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on December 01, 2016, 07:14:05 AM
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
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
09/30/2016: $68,877
10/31/2016: $68,616
11/30/2016: $69,541
Title: Re: Race from 10 to 100k!!
Post by: JLee on December 01, 2016, 12:56:48 PM
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D

Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!

I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice.  I want to keep at least 1-yr of living expenses on hand for bugging out.

Good luck! Sometimes a leap like that turns out even better than you expected.  I quit a secure government job just over four years ago to move to the other side of the country (I quit with no job lined up)..fast forward to now - I'm in a new field entirely, my salary has doubled since then and I'm really quite happy. :)

$90k is more likely for me this year, but a stretch goal of $100k sounds good. :D

Wow, thanks, that is encouraging! I'm glad it turned out so well for you; I just hope the same for myself. I'd love to get into a completely new field. Perhaps my 'stache will fund my journey!

And here we are - I crossed into December with $101k and change in cash/retirement/investments!
Title: Re: Race from 10 to 100k!!
Post by: charis on December 01, 2016, 01:28:33 PM
October 1, 2015: ~$40K
February 2016: ~$65K
April 2016 (so far): $71K
May 2016: $81K
November 2016: $105K

We are close to 100K invested - might hit that by the end of Jan '17
Title: Re: Race from 10 to 100k!!
Post by: westtoeast on December 01, 2016, 03:23:19 PM
Is it too late to join this? I started MMM lifestyle 7 months ago and I'm finally at a point where I can participate. I'd love to follow along for motivation!

I have...
$4000 in Roth/403b
$3500 in Emergency Fund (will grow until $6000, then I'll divert savings to investments)
$2000 in Short Term Savings
$10,000 in Pension (post-tax, will be leaving position before vesting so I count this as savings)
Total: $19,500

I also have student loan debt, but I'm strategically paying it off so as to take advantage of teacher loan forgiveness in 2.5 years. For this reason I'm not counting it against my net worth, because none of these assets will be depleted by the debt.

Saving/Debt Repayment Rate (post tax) = 48%
Title: Re: Race from 10 to 100k!!
Post by: Malum Prohibitum on December 02, 2016, 05:31:27 AM
Is it too late to join this?
  It's never too late!  Keep us updated.  It gives yourself a place to be accountable.
Title: Re: Race from 10 to 100k!!
Post by: NickleNurser on December 02, 2016, 10:38:44 PM

Jan 2016: 19,799
Feb 2016: 18,990
Mar 2016: 21,803
April 2016: 34,510 (Large reimbursement from my company)
May 2016: 37,172
June 2016: 40,277
July 2016: 47,027
August 2016: 47,772
September 2016: 51,071
October 2016: 53,397
November 2016: 59,326
Title: Re: Race from 10 to 100k!!
Post by: SGontour on December 02, 2016, 11:39:08 PM
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
June 2016: CHF 89,312
Juli 2016: CHF 92,488
August 2016: CHF 99,535
September 2016: CHF 98,719
October 2016: CHF 97,52

November 2016: CHF 106,096

Hopefully the first 100k is really the hardest part to get to 1 million :)

Thank you all for the support and motivation to keep me on track!
  Congrats!  What explains the big jumps in net worth in January and February?

I normally invest three times a year. One is end of January when I get my bonus for the previous year.
If I remember correctly, January was quite a bad month (prices got cheaper :) ) and during February prices rose again.
Thus, good, but unintentioned timing of the market ;)

(my numbers are only my investments, no retirement accounts or cash, and thus, 100% in stocks)

Title: Re: Race from 10 to 100k!!
Post by: icegirl on December 05, 2016, 01:51:33 AM
Net worth right now: $24k

Hoping to get to $100K in one year. We are in crazy saving mode until august, where we move into our new condo. We are probably taking a little break from crazy mode in sept-dec, without letting the lifestyle creep get too bad.
Title: Re: Race from 10 to 100k!!
Post by: jeeebus on December 05, 2016, 06:18:07 AM
Hi all,

I'm new to the group, although I discovered MMM in September 2015. Since then I've been busy getting my finances in order and starting to build my 'stache, which as of today is $21,326.78. Hope to increase this by $2,000 at the end of the month.

Managed to save a bit more than planned last month, so my 'stache is currently sitting at $24,044.76
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on December 05, 2016, 12:19:40 PM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285
Oct 16: 25400
Nov 16: 26932
Dec 16: 31121

Nice increase due to Christmas bonus, though 2300 will evaporate in Jan/Feb due to taxes and health insurance (paid only once a year instead of monthly).
Title: Re: Race from 10 to 100k!!
Post by: MVal on December 08, 2016, 07:50:26 AM
Wow, I actually broke $80K on my total NW yesterday! With the way everything was so down before the election, I thought I might not make it there before the end of the year, but here I am! Thanks, Donald Trump, lol!

I still have my bonus to put in yet in another couple weeks, so I'm excited to see how far I'll get by the end of the year pending no major drops in the market between now and then.
Title: Re: Race from 10 to 100k!!
Post by: tomita on December 09, 2016, 05:56:58 AM

16 Mar 2016    $64300 - $13200 = $51300
17 Apr 2016     $103500 - $45600 = $57900
10 May 2016    $106390 - $42900= $63490
28 May 2016    $109037 - $41046= $67991
24 Sep 2016   $109400-$33300=$76100 
30 Nov 2016   $115000-$29000=$86000
Title: Re: Race from 10 to 100k!!
Post by: Hey It's Me on December 09, 2016, 10:36:15 PM
There's a tiny chance I might graduate this challenge this year! (Fingers crossed)
Title: Re: Race from 10 to 100k!!
Post by: Cezilous on December 13, 2016, 10:53:51 AM
Not for the first time ever, but the first time I think I've done it right/included what should be included/did it right, I have calculated my personal net worth as of today!  I want to keep a record and be able to look back one day and know where I sat myself down and decided to get my crap together.  FI isn't going to just show up on my doorstep unless I send out that invitation in the first place, right?  Net worth is actually much higher than I thought, and this makes me so happy.  Pluses were paying off 2 of 3 student loans in the past 2 years, minuses were buying a new-to-me car and a house.  All in all, I'm starting off better than anticipated, so go me!!

Dec-16: $32,870.70
Title: Re: Race from 10 to 100k!!
Post by: druth on December 13, 2016, 01:51:02 PM
Sep-15   $6,657
Oct-15   $10,846
Nov-15   $13,419
Dec-15   $19,983
Jan-16   $23,828
Feb-16   $27,482
Mar-16   $33,831
Apr-16   $38,873
May-16    $38453
Jun-16    $43398
Sep-16 $56655
December-16 65515

Honestly I left my job for a much lower paying one and I'm saving way less than what I'd like but the value of my house has been going nuts since they announced a new stadium near me.  Median house value is up 9% in the last year.  I'm certainly not going to complain though.  ―\_(ツ)_/―
Title: Re: Race from 10 too 100k!!
Post by: viverl on December 17, 2016, 12:15:35 PM
06/2014  2.500€
09/2016  43.882,85
12/2016: 48.143,58

Nice end of year :)
Title: Re: Race from 10 to 100k!!
Post by: tomita on December 27, 2016, 05:20:38 PM

16 Mar 2016    $64300 - $13200 = $51300
17 Apr 2016     $103500 - $45600 = $57900
10 May 2016    $106390 - $42900= $63490
28 May 2016    $109037 - $41046= $67991
24 Sep 2016   $109400-$33300=$76100 
30 Nov 2016   $115000-$29000=$86000
20 Dec 2016   $119500-$26770=$92730
Title: Re: Race from 10 to 100k!!
Post by: NickleNurser on December 28, 2016, 08:21:07 PM
Jan 2016: 19,799
Feb 2016: 18,990
Mar 2016: 21,803
April 2016: 34,510 (Large reimbursement from my job)
May 2016: 37,172
June 2016: 40,277
July 2016: 47,027
August 2016: 47,772
September 2016: 51,071
October 2016: 53,397
November 2016: 59,326
December 2016: 64,142
Title: Re: Race from 10 to 100k!!
Post by: beantown on December 30, 2016, 08:10:41 AM
Joining this thread. After December's bonus hit, I'm at $16.4K for my current net worth and am finally positive in net worth at the age of 30. Hoping to increase this to $75K by end of 2017.
Title: Re: Race from 10 to 100k!!
Post by: aoedae on December 30, 2016, 01:16:15 PM
Consider this my sign-up for the thread!

I'm currently on a salary of £23,500 and paying back a student loan in the UK, so I'm going for (what is for me) a stretch goal of saving an additional £15,000 between January 1st 2017 and December 31st 2017.

I'm hoping that in addition to salary and any bonuses, some of this will be from the sale of assets (excess household goods etc.), some from current account hopping, and some from interest. I'm challenged by the fact that I pay what feels like quite a bit of tax (12% on all + 20% on anything over £11,000 + 9% on all values over £17,000)

Starting values:
End December 2016: £29,600 + company pension £500

Final goal:
£45,000 + company pension ???
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on December 30, 2016, 01:26:34 PM
3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769
6/30: $32,015
8/1: $34,808
9/1: $37,342
9/29: $39,883
10/31: $41,720
11/28: $44,979
12/30: $56,197

Wife had a small inheritance that boosted us $8k.  At current pace we should graduate in early 2018.
Title: Re: Race from 10 to 100k!!
Post by: $40Kby40 on December 31, 2016, 12:29:29 AM
30 Dec 2015 - $37,354
30 Dec 2016 - $83,224

+$45,870

I waited until the end of the year to take my pets to the vet for dentals/annual exams and ended up spending way more than I wanted to (one cat had a tumor removed). If not for these expenses, would have been at $50,000+ for the year. Pets are such a money suck.

So, goal for 2017 is to increase by at least $50,000 while still living a not so completely mustachian life.

Title: Re: Race from 10 to 100k!!
Post by: FIREGuy on December 31, 2016, 05:19:27 AM
Oct 2016 - $17,457
November 2016 - $35,747
December 2016 - $39,657
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on December 31, 2016, 11:02:57 AM
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
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
09/30/2016: $68,877
10/31/2016: $68,616
11/30/2016: $69,541
12/31/2016: $74,813
Title: Re: Race from 10 to 100k!!
Post by: edmundblackadder on December 31, 2016, 01:44:59 PM
End of year number is 88K! Up 38K from this time last year; 4K are investment returns (6.3% return for the year), so I saved a solid 34K. That's just below my stretch goal of 35K, so I'm very pleased.

Next year should be interesting (probably moving abroad, I expect massive political upheaval influencing the market, etc. etc), and I think if I stay on this slope, I'll be pretty happy.
Title: Re: Race from 10 to 100k!!
Post by: Hey It's Me on December 31, 2016, 07:06:16 PM
End of the year, and I just graduated from this challenge. Thanks for setting this up, and best of luck to everyone continuing on in 2017!

(http://i.imgur.com/w1J497j.jpg)
Title: Re: Race from 10 to 100k!!
Post by: AcftW on December 31, 2016, 11:14:06 PM
$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
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
$56,780 - Nov 2016
$58,510 - Dec 2016

$67,328 - Jan 2017

Jumped up a solid amount because of new job/increased pay, though investments went down.  Making solid progress regardless, and a good way to start the year off.

Title: Re: Race from 10 to 100k!!
Post by: plutomaniac on December 31, 2016, 11:47:42 PM
I know I'm joining late, but better late than never!

NW

Jan 2017 - $93,255.80

I've been following this thread for about 6 months, so it feels good to finally post. I'll likely rejoin this race at some point as I'll be buying a house in the near future.

Good luck in 2017 everyone.
Title: Re: Race from 10 to 100k
Post by: BeautifulDay on January 01, 2017, 12:40:40 AM
Mar 2016     $28,361
Apr 2016      $31,751
May 2016      $38,742
Jun 2016      $40,970
July 2016      $61,657
Aug 2016     $64,120
Sep 2016      $66,961
Oct 2016      $70,179

Should make $75k by the end of the year.

Dec 2016.   $ $78,000
Title: Re: Race from 10 to 100k!!
Post by: intirb on January 02, 2017, 10:53:45 AM
The spreadsheet got messed up, so I had to restore it to a previous version from two weeks ago.  It's possible that recent data was lost, so you may want to go back to the spreadsheet and re-enter your information.

Title: Re: Race from 10 to 100k!!
Post by: Mezzie on January 02, 2017, 11:05:38 AM
My somewhat roughly estimated net worth as of this morning is -$15,000. $100,000 may be a ways off, but it's certainly something to work towards. Step 1: Net worth of 0 by July. :)
Title: Re: Race from 10 to 100k!!
Post by: markbike528CBX on January 02, 2017, 05:43:00 PM
@mezzie
   You are way ahead in the game already.
Most people don't know that aspiring to have a NW of zero or greater is even a thing to do!
Title: Re: Race from 10 to 100k!!
Post by: jeeebus on January 03, 2017, 04:26:13 AM
Oct 2016 - $21,326.78
Nov 2016 - $24,044.76
Dec 2016 - $25,106.17

Happy New Year everyone
Title: Re: Race from 10 to 100k!!
Post by: lamil on January 03, 2017, 07:26:08 AM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
August 31, 2016: 34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
December 31st, 2016: 44,852
Title: Re: Race from 10 to 100k!!
Post by: Mezzie on January 03, 2017, 07:31:38 AM
@Mike

Thanks for the encouragement! I did real math this morning and figured out just how much I could get from my pension fund if I were to quit now, and it's quite a lot more than I estimated.

So, my actual starting net worth is $39,409.44, not a negative number. Yay!
Title: Re: Race from 10 to 100k!!
Post by: MVal on January 03, 2017, 08:17:30 AM
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...!)

Holy crap, I did it! Last year during this same time, the first week of January, I said the following: "Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!"  Now I have surpassed what I anticipated as my "stretch-goal" for 2016 by $4K! Sooo happy!

In re-cap of 2016, I am very satisfied with my decision to have fully funded my 401K for the first time. I front loaded the year with 80% of my pay going in for the first two months and then dialed back to 30% or so for most of the year and then added 80% of my bonus (80% is the max allowed on individual contributions by our company). I'm sure my payroll department thought I was a maniac towards the end of the year as I tried to tweak contributions to get to that magic, even number of $18K. On my last paycheck of the year, I put in a request to increase my contribution by just four cents...but it all worked out evenly and I'm so thrilled. The amazing thing is that even though I only contributed $18K to my 401K, the whole balance of it went up $28K! I had $22K in it last January and now I have over $50K! After my company's contributions of $1100 in profit sharing additions and $2,000 matching, I guess the rest of the increase was just from growth! Amazing! Equally amazing is the fact that my income was about $44K if you count my bonus, and my net worth went up $34K overall; my total contributions across all accounts was over $26K, so that means I passively grew more than $8,000!

And if I've calculated correctly, with my other contributions of fully funding my HSA and opening and fully funding a traditional IRA for the first time, I actually should get the full Saver's Credit and most likely pay NO income tax this year! I was lucky to be in a position this year where my income of $40K was just low enough that I could make this happen. I probably won't be able to do this again since I'll continue to get raises, but I'll be very excited to see if all my calculations for this were correct this last year.

This year, I don't plan to push as hard on the 401K as I might move out of my roommate's house and get my own apartment, but I still hope to contribute at least $12K. I also hope to fully fund the IRA again and the HSA and with any luck, add more money to my liquid savings, which is sitting at $8K after I raided it some to fund the IRA last week. I plan to front load the 401K again, hopefully adding close to $6K in the first two months.

I know everyone thinks 2016 was a horrible year, but it was very good to me!!
Title: Re: Race from 10 to 100k!!
Post by: Mezzie on January 03, 2017, 08:37:10 AM
Congrats, MVal! That's really impressive!
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on January 03, 2017, 09:25:39 AM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285
Oct 16: 25400
Nov 16: 26932
Dec 16: 31121
Jan 17: 31444 (prepaid a full year's health insurance, so no big increase)
Title: Re: Race from 10 to 100k!!
Post by: andy85 on January 03, 2017, 12:13:37 PM
Jan 16   $39,550
Feb 16   $41,468
Mar 16   $47,974
Apr 16   $51,484
May 16   $52,730
Jun 16   $53,694
Jul 16   $55,669
Aug 16   $56,725
Sep 16   $58,793
Oct 16   $58,748
Nov 16   $60,551
Dec 16   $61,253
Title: Re: Race from 10 to 100k!!
Post by: MEJG on January 03, 2017, 12:20:30 PM
Dec 31, 2015: -$48,294.56
Dec 31, 2016 -$12,948.22 (+$35,346.34 for 2016)

2017 I'll be able to joint this race!
Title: Re: Race from 10 to 100k!!
Post by: SpareChange on January 03, 2017, 12:39:41 PM
Awesome saving Mval!! Come join us in the next thread! :)
Title: Re: Race from 10 to 100k!!
Post by: MVal on January 06, 2017, 08:41:13 AM
Awesome saving Mval!! Come join us in the next thread! :)

I can't wait! With front loading in the first two months, I should easily get to $90K quickly, but that final $10K push to the next level might be a bugger. With any luck, I'll get there before July, though.
Title: Re: Race from 10 to 100k!!
Post by: Verdure on January 15, 2017, 05:39:44 PM
OK, joining in to try to bump savings up a notch this year.  New to this game with a lot of catching up to do! My back of envelope calculations put our NW at ~$57,000. 

I will work on nailing down harder numbers For Q2, but a lot of that is home equity, and that is not a hard number anyway. No way to know how much we truly have until we sell. 

Based on our current rate of retirement savings and mortgage/SL payoff, if we did nothing else to increase NW this year (and not factoring in markets), we would increase the stash to $79,000.  So as a stretch goal, I am going to shoot for $90,000 NW by the end of 2017. And another stretch, I hope to graduate to the next thread by the end of Q1 2018.

Oh, and full disclosure, that is that number is not factoring in my pension.  I suppose if I count that, we'd probably graduate by the end of this year, but I don't vest until next year, so we won't count our chickens.
Title: Re: Race from 10 to 100k!!
Post by: GeekyGirl on January 17, 2017, 05:20:41 AM
Hi,

Happy new year everyone and congrats on the huge achievements. 2017 is the year I'm pressuring myself with hard goals so I'll join this thread.
If I'm focused I can probably get to the 100K in four years (end of 2020, at a conservative estimate not accounting for raises and stocks appreciation) which is way too long for me to envision but the thread could be a way to get myself accountable on tracking NW quaterly which is one of my goal for 2017.

Jan 17, 2017:  € 12,138 

I don't know how I 'lost' 3K in the last 2 weeks. It was 15K by end of December but I counted checking account which I'll exclude from now on. Hope to have it at 30K by end of year, that'll be cause for celebration.
Title: Re: Race from 10 to 100k!!
Post by: onehair on January 17, 2017, 01:08:39 PM
Net worth finally is over $30K and my Emergency Fund is a few cents short of $700!!
IRA-$3822
TSP-$19602
Stocks-$5714
Acorns-$627
Digit Emergency Savings-$699
Title: Re: Race from 10 to 100k!!
Post by: tortoiseshell on January 17, 2017, 04:55:43 PM
I'm joining in! I'll be here for a while because we're currently saving for a house. We track our net worth on the first of every month.

1/1/17: $29,671.78
Title: Re: Race from 10 to 100k!!
Post by: viverl on January 22, 2017, 06:12:50 AM
Ok, start of the year. This time the increase will not be as huge as I am having a big wedding (budget together 10.000€) but nevertheless:

06/2014  2.500€
09/2016  43.882,85
12/2016: 48.143,58

update:
01/2017: 50.380 €

Title: Re: Race from 10 to 100k!!
Post by: MVal on January 24, 2017, 06:21:01 PM
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D

Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!

I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice.  I want to keep at least 1-yr of living expenses on hand for bugging out.

Good luck! Sometimes a leap like that turns out even better than you expected.  I quit a secure government job just over four years ago to move to the other side of the country (I quit with no job lined up)..fast forward to now - I'm in a new field entirely, my salary has doubled since then and I'm really quite happy. :)

$90k is more likely for me this year, but a stretch goal of $100k sounds good. :D

Wow, thanks, that is encouraging! I'm glad it turned out so well for you; I just hope the same for myself. I'd love to get into a completely new field. Perhaps my 'stache will fund my journey!

And here we are - I crossed into December with $101k and change in cash/retirement/investments!

Daaaang! Congratulations on blowing way past your stretch goal!! I went past my stretch goal too, made me so happy! We'll see what this year brings...
Title: Re: Race from 10 to 100k!!
Post by: twojabs on January 25, 2017, 02:49:15 PM
Hi, thought I'd join in this thread too.  I'll periodically check in to see what is happening. (i'll convert all my £££ into $$$ for ease)

Anyway, my wife is finishing up for 9 months maternity leave on about $130 per week for the duration.

I invest roughly $530 in my workplace pension (only accessible when im 58), and a further $170 monthly into sharesave schemes (cant really access for 5 years).

This month we managed (somehow) to have a surplus of $1990 from our day to day account.

I'd say i hope it is not too long from 10k to 100k, but i have my reservations about investing, maybe someone can help me (?) get over the hurdle...

I think our split of where the money has gone is wrong but im too shit scared to switch it around even though (every month) i convince myself i'll change.

Of the $1990, we:
 - invested $380, split 60:20:20 between 3 passive trackers (Dev Wrld ex UK, Uk all-share, Global Property Securities)
 - put $60 toward our mortgage as an overpayment (1.5%)
 - saved $1550 (the balance) as cash (3% rate)

I should add we have around $25k in cash (though it may be double this through squirreling).

Our monthly outgoing are around $1300 incl mortgages, insurances, food (well everything except car fuel and car insurance)...
Title: Re: Race from 10 too 100k!!
Post by: Suit on January 25, 2017, 07:37:10 PM
I have a feeling I'm going to get killed in this race, but I'm in. Right now at -32,000 net worth (student loans) so I'm not expecting to hit 100k NW until probably 2 years or so from now.

I FINALLY HIT 100K NW TODAY!!! Yay!
Title: Re: Race from 10 to 100k!!
Post by: JAYSLOL on January 25, 2017, 10:16:05 PM
I'm going to jump into the race too.  Jan last year i had around $10k liquid invested, and managed to save 40% of my income in 2016 to bump my investments up to $30k by the end of the year.  Now i'm going into 2017 hoping to hit $50k by the end of the year

Jan, 2017 - $31k
Title: Re: Race from 10 too 100k!!
Post by: Verdure on January 26, 2017, 05:01:21 PM
I FINALLY HIT 100K NW TODAY!!! Yay!

Congratulations!!! Woohoo! Way to go graduate!  Hope I can meet up with you in the next thread. :-)
Title: Re: Race from 10 to 100k!!
Post by: beantown on January 27, 2017, 08:13:44 AM
Dec 2017: $16.4K
Jan 2017: $21.8K
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on January 30, 2017, 09:09:56 AM
2016:
3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769
6/30: $32,015
8/1: $34,808
9/1: $37,342
9/29: $39,883
10/31: $41,720
11/28: $44,979
12/30: $56,197
2017
1/30: $59,598
Title: Re: Race from 10 to 100k!!
Post by: MVal on January 30, 2017, 02:26:17 PM
So all of us here in the under $100K thread, I wonder how our timelines to FIRE compare...how many years do you anticipate it taking you to be FI from this moment? For me, if my savings and COL stay the same, I could be out of here in 6-8 years.
Title: Re: Race from 10 to 100k!!
Post by: andy85 on January 30, 2017, 02:31:59 PM
Jan 16   $39,550
Feb 16   $41,468
Mar 16   $47,974
Apr 16   $51,484
May 16   $52,730
Jun 16   $53,694
Jul 16   $55,669
Aug 16   $56,725
Sep 16   $58,793
Oct 16   $58,748
Nov 16   $60,551
Dec 16   $61,253
Jan 17   $64,001
Title: Re: Race from 10 too 100k!!
Post by: JLee on January 30, 2017, 04:17:35 PM
I have a feeling I'm going to get killed in this race, but I'm in. Right now at -32,000 net worth (student loans) so I'm not expecting to hit 100k NW until probably 2 years or so from now.

I FINALLY HIT 100K NW TODAY!!! Yay!

Congratulations!!
Title: Re: Race from 10 to 100k!!
Post by: frugalwitch on January 30, 2017, 05:45:27 PM
NW with house/rental condo: 71k.

NW without house/rental condo: 33k.

Wow, didn't know I had that much! Guess 100k isn't impossible but I'd like to stay here till I get 100k without house/rental values :D.
Title: Re: Race from 10 to 100k!!
Post by: $40Kby40 on January 30, 2017, 07:25:07 PM
30 Dec 2016 - $83,224
30 Jan 2017 - $89,379

March is a 3 paycheck month for both my husband and I. Would be nice to hit $100,000 by the end of that month.
Title: Re: Race from 10 to 100k!!
Post by: felixbf on January 30, 2017, 10:18:43 PM
Dec 53,572.89
Jan 63,000.00

Finished all my debt off last year really helped increasing my savings ratio.
Title: Re: Race from 10 to 100k!!
Post by: FIREGuy on January 31, 2017, 04:38:23 AM
Oct 2016 - $17,457
November 2016 - $35,747
December 2016 - $39,657
January 2017 - $45,491
Title: Re: Race from 10 to 100k!!
Post by: jeeebus on January 31, 2017, 07:03:58 AM
Oct 2016 - $21,326.78
Nov 2016 - $24,044.76
Dec 2016 - $25,106.17
Jan 2017 - $27,207.71
Title: Re: Race from 10 to 100k!!
Post by: merlin7676 on January 31, 2017, 08:44:13 AM
I can see the finish line (to 100K that is) and I can't wait to cross it.
Honestly once I got rid of my debt, it's really amazing how much I've been able to put away. All that expense going out the door being turned around and saved.

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   $64,177.27
06/30/16   $65,348.17
07/31/16   $69,790.01
08/31/16   $70,534.23
09/30/16   $73,742.76
10/31/16   $74,282.52
11/30/16   $77,284.23
12/31/16   $80,583.50
01/31/17   $84,085.00

(does not include the house. Only investments and savings)
Title: Re: Race from 10 to 100k!!
Post by: lamil on January 31, 2017, 09:28:46 AM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): $19516.00
May 31, 2016: $22,693
June 30, 2016: $27,496
July 31, 2016: $31,297
August 31, 2016: $34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
December 31st, 2016: $44,852
January 31st, 2017: $49,533
Title: Re: Race from 10 to 100k!!
Post by: intirb on January 31, 2017, 01:43:00 PM
Two years ago, in Jan 2015, our net worth hit zero for the first time since graduating college.  Now it's nearly at $60k and we are debt-free!  With a combination of new jobs/promotions/raises, we are now making 30% more than we did two years ago.  I think this year will be the year we hit $100k.  Shooting to make it by Dec 2017.  When I started this challenge, the end goal felt like a distant dream, but now it feels so real and so close and I am so excited!
Title: Re: Race from 10 to 100k!!
Post by: MVal on January 31, 2017, 08:42:26 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...!)

Jan 2017 - $87,000 (so far two paychecks front-loaded to 401K at 80%)

Title: Re: Race from 10 to 100k!!
Post by: AcftW on January 31, 2017, 09:37:26 PM
$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
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
$56,780 - Nov 2016
$58,510 - Dec 2016
$67,328 - Jan 2017

$73,827 - Feb 2017

Everything is on schedule.
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on February 01, 2017, 07:25:07 AM
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
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
09/30/2016: $68,877
10/31/2016: $68,616
11/30/2016: $69,541
12/31/2016: $74,813
01/31/2017: $89,057  - Large Increase was due to purchasing a house and was gifted 9k in equity.
Title: Re: Race from 10 to 100k!!
Post by: CmFtns on February 01, 2017, 09:01:52 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

June  $55,116.73
July   $61,327.75
Wow it's been 6 months since I last posted here that went by fast... well it looks like I will be graduating here in Febuary hopefully =)

August: $65,649.24
September: $70,236.10
October: $74,423.94
November: $81,213.73
December: $88,429.80


2017
January: $97,244.89
Title: Re: Race from 10 to 100k!!
Post by: tortoiseshell on February 02, 2017, 05:24:40 AM
I'm joining in! I'll be here for a while because we're currently saving for a house. We track our net worth on the first of every month.

1/1/17: $29,671.78

2/1/17: $31,725.72 (+$2,053.94)
Title: Re: Race from 10 to 100k!!
Post by: Malum Prohibitum on February 02, 2017, 03:59:53 PM
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

June  $55,116.73
July   $61,327.75
Wow it's been 6 months since I last posted here that went by fast... well it looks like I will be graduating here in Febuary hopefully =)

August: $65,649.24
September: $70,236.10
October: $74,423.94
November: $81,213.73
December: $88,429.80


2017
January: $97,244.89
  Wait, you went from 37 to 100 in a year?  Please share how!
Title: Re: Race from 10 to 100k!!
Post by: Mezzie on February 03, 2017, 06:50:45 PM
1/1/2017: 39,409
2/3/2017: 55,570

That was a much bigger jump than I had actually planned. Uber Frugal January did its job!
Title: Re: Race from 10 to 100k!!
Post by: briesas on February 03, 2017, 07:04:27 PM
I want to play!
State pension (only the part I can roll over if I leave) = 21000
IRA= 2517.56
457 = 9459.79
Savings = 4780.78
Total = 37581.13

Student loans = 27,073.54

NW = 10684.59
Title: Re: Race from 10 to 100k!!
Post by: NickleNurser on February 03, 2017, 11:38:15 PM
Jan 2016: 19,799
Feb 2016: 18,990
Mar 2016: 21,803
April 2016: 34,510
May 2016: 37,172
June 2016: 40,277
July 2016: 47,027
August 2016: 47,772
September 2016: 51,071
October 2016: 53,397
November 2016: 59,326
December 2016: 64,142
January 2017: 69,685
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on February 04, 2017, 04:34:13 AM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285
Oct 16: 25400
Nov 16: 26932
Dec 16: 31121
Jan 17: 31444
Feb 17: 42849**

**in my calculations I've been using my house value from the last time it was valued by an expert (end of 2014). I realize that the value has gone up, but I don't know exactly by how much. Some websites say +10k, others +25k. I hadn't updated that number until now... So I've added 10k, the lowest number. No, sadly I haven't gotten a giant raise all of a sudden.
Title: Re: Race from 10 to 100k!!
Post by: akzidenz on February 04, 2017, 04:21:24 PM
DateNet worth
March 31, 2016$11,309
February 4, 2017$50,348

I started my first job after college in early 2016 with a mere $11k net worth, and just realized today that I crossed the $50k mark.

I'm hoping to save $36k more in 2017!
Title: Re: Race from 10 to 100k!!
Post by: GeekyGirl on February 06, 2017, 08:47:59 AM
Hi,

Happy new year everyone and congrats on the huge achievements. 2017 is the year I'm pressuring myself with hard goals so I'll join this thread.
If I'm focused I can probably get to the 100K in four years (end of 2020, at a conservative estimate not accounting for raises and stocks appreciation) which is way too long for me to envision but the thread could be a way to get myself accountable on tracking NW quaterly which is one of my goal for 2017.

Jan 17, 2017:  € 12,138 

I don't know how I 'lost' 3K in the last 2 weeks. It was 15K by end of December but I counted checking account which I'll exclude from now on. Hope to have it at 30K by end of year, that'll be cause for celebration.
Couldn't wait for three months!!

Jan 17, 2017:  € 12,138 
Feb 06, 2017:  € 16,720
Title: Re: Race from 10 to 100k!!
Post by: TheCastle on February 08, 2017, 11:48:52 AM
I'll join.  Just recently started tracking my NW.

Jan 2017:   $19,166.96
Feb 2017:   $20,947.41

Hoping to crank up the savings soon!  Next month might take a hit (new tires).
Title: Re: Race from 10 to 100k!!
Post by: CmFtns on February 08, 2017, 12:07:17 PM
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

June  $55,116.73
July   $61,327.75
Wow it's been 6 months since I last posted here that went by fast... well it looks like I will be graduating here in Febuary hopefully =)

August: $65,649.24
September: $70,236.10
October: $74,423.94
November: $81,213.73
December: $88,429.80


2017
January: $97,244.89
  Wait, you went from 37 to 100 in a year?  Please share how!

Actually I went from 34k which was the last day in Dec 2015 to 88.5k on the last day in dec 2016 which is 54.5k increase to my net worth. I'm a software engineer and my salary is around 65k. I split expenses with my GF and ended up personally spending around maybe 7k last year on expenses. I took full advantage of my pre-tax accounts so my taxes were as low as possible

65k - 4.5k (taxes) - 7k(expenses) = 53.5k saved + a thousand from my investments increasing = increased my net worth 54.5k in one year
Title: Re: Race from 10 to 100k!!
Post by: tomita on February 13, 2017, 09:23:21 PM
16 Mar 2016    $64300 - $13200 = $51300
17 Apr 2016     $103500 - $45600 = $57900
10 May 2016    $106390 - $42900= $63490
28 May 2016    $109037 - $41046= $67991
24 Sep 2016   $109400-$33300=$76100 
30 Nov 2016   $115000-$29000=$86000
20 Dec 2016   $119500-$26770=$92730
I think we passed the 100K mark
Title: Re: Race from 10 to 100k!!
Post by: frugalfanny on February 14, 2017, 03:16:07 PM
November 2009: Graduated from grad school with $52k student loans and 5k in the bank.
November 2010: -$41,165
November 2011: -$26,332
November 2012: -$7,560
November 2013: $8,748
November 2014: $21,464
November 2015: $27,355
November 2016: $50,207

February 14 2017: $60,724
Title: Re: Race from 10 to 100k!!
Post by: MVal on February 15, 2017, 04:03:59 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...!)

Jan 2017 - $87,000 (so far two paychecks front-loaded to 401K at 80%)

Crossed $90K just now, yay!
Title: Re: Race from 10 to 100k!!
Post by: NickleNurser on February 15, 2017, 10:14:37 PM
Jan 2016: 19,799
Feb 2016: 18,990
Mar 2016: 21,803
April 2016: 34,510
May 2016: 37,172
June 2016: 40,277
July 2016: 47,027
August 2016: 47,772
September 2016: 51,071
October 2016: 53,397
November 2016: 59,326
December 2016: 64,142
January 2017: 69,685
February 2017: 71,722

It's helpful to look at the numbers trending upwards. It's easy to compare myself to others and sometimes it feels like I'm barely moving forward. Just. Keep. Saving!
Title: Re: Race from 10 to 100k!!
Post by: BCpuppy on February 17, 2017, 10:30:49 AM
Starting now!
Feb 2016 39,500
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on February 18, 2017, 09:07:27 PM
2016:
3/8: $20,818
3/29: $23,784
4/21: $26,650
5/20: $28,769
6/30: $32,015
8/1: $34,808
9/1: $37,342
9/29: $39,883
10/31: $41,720
11/28: $44,979
12/30: $56,197
2017
1/30: $59,598
2/28: $94,135

We just put our whole bonus into savings.  I know it isn't the month end, but we are pumped that this is the first time we haven't spent the bonus before we got it!  We're still far from the frugal levels of most folks here but this one felt good.  Looking to graduate around May/June now.

Updated for month end total.
Title: Re: Race from 10 to 100k!!
Post by: MVal on February 19, 2017, 08:42:39 AM
Nicely done! Those must have been some tidy bonuses!

I'm on track to reach the next level about the same time you are, although my spending is about to increase a lot due to me moving out into my own house from a roommate situation at the end of this month. I know it's going to be challenging to keep my same level of saving and I'm probably going to have learn a lot of new saving tricks, but I'm excited for the general, upward movement of my accounts.
Title: Re: Race from 10 to 100k!!
Post by: Wanttobehome on February 25, 2017, 11:20:01 AM


Nov 2016 18595+1,296= 19,891
Dec 2016 19,091+1,425= 20,516
Jan 2017 19,586+1590= 21,176
Feb 2017 20,081+1673=21,754


Slowly but surely
Title: Re: Race from 10 to 100k
Post by: BeautifulDay on February 25, 2017, 09:49:20 PM
$93371 today! So close to $100k. It would be possible to cross the line next month. But we plan on buying a house soon so we will be set back a bit for closing costs.  I guess for tracking purposes on this thread the value of the house will offset the loan.  So hopefully the only set back will be those closing costs.

Mar 2016     $35,000
Apr 2016      $31,751
May 2016      $38,742
Jun 2016      $40,970
July 2016      $61,657
Aug 2016     $64,120
Sep 2016      $66,961
Oct 2016      $70,179

Should make $75k by the end of the year.

Dec 2016.   $ $78,000
Title: Re: Race from 10 to 100k!!
Post by: frugalwitch on February 26, 2017, 11:59:16 AM
NW with house/rental condo: 71k.

NW without house/rental condo: 33k.

Wow, didn't know I had that much! Guess 100k isn't impossible but I'd like to stay here till I get 100k without house/rental values :D.

NW with house/rental condo: 74k.

NW without house/rental condo: 35k.
Title: Re: Race from 10 to 100k!!
Post by: FIREGuy on February 28, 2017, 07:51:09 AM
Oct 2016 - $17,457
November 2016 - $35,747
December 2016 - $39,657
January 2017 - $45,491
February 2017 - $47,327

Positive month but slower due to some home repairs. More repairs to come next month as well.
Title: Re: Race from 10 to 100k!!
Post by: merlin7676 on February 28, 2017, 08:20:39 AM
Man I can practically smell it :)
Does not include house as it's not really an asset until we sell it.
Should be getting my bonus (1K minus taxes so $666), annual merit increase (usually around 3%), and hopefully promotion (all indications show I will be getting it) on the march 31st check so I think another 3 or 4 months and I can graduate to the race from 100K to 250K.

02/29/16   $46,830.84
03/31/16   $58,923.60
04/30/16   $62,829.27
05/31/16   $64,177.27
06/30/16   $65,348.17
07/31/16   $69,790.01
08/31/16   $70,534.23
09/30/16   $73,742.76
10/31/16   $74,282.52
11/30/16   $77,284.23
12/31/16   $80,583.50
01/31/17   $84,085.00
02/28/17   $88,359.35
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on February 28, 2017, 08:22:03 AM
DateNetworth
9/1/2014$14,865.26
10/1/2014$17,982.66
11/1/2014$17,949.24
12/1/2014$19,967.23
1/1/2015$25,504.84
2/1/2015$28,305.81
3/1/2015$30,322.90
4/1/2015$33,248.29
5/1/2015$34,786.85
6/1/2015$36,579.20
7/1/2015$33,108.30
8/1/2015$35,569.17
9/1/2015$37,759.70
10/1/2015$41,566.54
11/1/2015$53,256.44
12/1/2015$55,006.39
1/1/2016$57,428.23
2/1/2016$49,870.20
3/1/2016$51,558.33
4/1/2016$57,205.08
5/1/2016$61,094.49
6/1/2016$62,583.92
7/1/2016$63,773.08
8/1/2016$61,092.88
9/1/2016$57,409.45
10/1/2016$61,749.82
11/1/2016$61,600.48
12/1/2016$64,511.60
1/1/2017$70,030.75
2/1/2017$72,661.12
3/1/2017$78,557.23
Title: Re: Race from 10 to 100k!!
Post by: intirb on February 28, 2017, 10:33:13 AM
someone keeps messing up the spreadsheet, and I keep having to restore it to a previous version.  unless you actually know what you're doing, please don't sort the sheet.  If you DO sort the sheet, double-check a few of the NWs (compare against previous versions) to make sure you didn't accidentally scramble everyone's info.

If you entered information after Feb 15, it's gone.  You'll have to re-enter it.
Title: Re: Race from 10 to 100k!!
Post by: beantown on February 28, 2017, 06:54:11 PM
Dec 2017: $16.4K
Jan 2017: $21.8K
Feb 2017: $28.8K

Received part of my tax refund so received a bit of a boost along with the crazy bull market.
Title: Re: Race from 10 to 100k!!
Post by: CmFtns on February 28, 2017, 07:19:32 PM
Here's my final numbers... It's been real fun but... I hope I'm never back here again =)
thanks for the company all... now on to $250k

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
June  $55,116.73
July   $61,327.75
Aug   $65,649.24
Sep   $70,236.10
Oct   $74,423.94
Nov  $81,213.73
Dec  $88,429.80

2017
Jan   $97,244.89
Feb  $103,330.77
Title: Re: Race from 10 to 100k!!
Post by: AcftW on February 28, 2017, 11:41:18 PM
$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
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
$56,780 - Nov 2016
$58,510 - Dec 2016
$67,328 - Jan 2017
$73,827 - Feb 2017

$79,021 - Mar 2017
Title: Re: Race from 10 to 100k!!
Post by: jeeebus on March 01, 2017, 02:30:52 AM
Oct 2016 - $21,326.78
Nov 2016 - $24,044.76
Dec 2016 - $25,106.17
Jan 2017 - $27,207.71
Feb 2017 - $28,062.31
Title: Re: Race from 10 to 100k!!
Post by: Middlesbrough on March 01, 2017, 06:58:04 AM
Here's my final numbers... It's been real fun but... I hope I'm never back here again =)
thanks for the company all... now on to $250k

2017
Jan   $97,244.89
Feb  $103,330.77
Good job CmFtns!

I look forward to joining you there soon!
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on March 01, 2017, 07:01:19 AM
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
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
09/30/2016: $68,877
10/31/2016: $68,616
11/30/2016: $69,541
12/31/2016: $74,813
01/31/2017: $89,057  - Large Increase was due to purchasing a house and was gifted 9k in equity.
02/28/2017: $90,528
Title: Re: Race from 10 to 100k!!
Post by: lamil on March 01, 2017, 07:38:18 AM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): $19516.00
May 31, 2016: $22,693
June 30, 2016: $27,496
July 31, 2016: $31,297
August 31, 2016: $34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
December 31st, 2016: $44,852
January 31st, 2017: $49,533
February 28th, 2017: $53,250
Title: Re: Race from 10 to 100k!!
Post by: TheCastle on March 02, 2017, 07:58:00 AM
I'll join.  Just recently started tracking my NW.

Jan 2017:   $19,166.96
Feb 2017:   $20,947.41

Hoping to crank up the savings soon!  Next month might take a hit (new tires).

Mar 2017:   $21,475.05

Bad month for us.  $500+ in tires, $350 in unexpected medical, and $1000 check to the girl scouts for cookies (My daughter is selling and we have to buy them up front and we'll be reimbursed when we sell).  Hopefully this month will really make up for February.
Title: Re: Race from 10 to 100k!!
Post by: jed2009 on March 02, 2017, 01:03:38 PM
I'm in on this!  Loving the threads around here to keep people motivated.  Is this net worth, or investments/cash only?  I will do net worth for now.

9/2014 - (-$16,300)
1/2015 - (-$13,000)
1/2016 - (-$284)
3/2017 - $31,380
Title: Re: Race from 10 to 100k!!
Post by: rg422 on March 02, 2017, 02:03:25 PM
New member to the forum, but I'll join, considering only our investment/cash.
4/2015  - $7,000 total savings!! (we were living like there's no tomorrow, but new job matched 100% up to 6%, so this was our  trigger to start saving)
12/2015 - $13,000
4/2016  -  $25,000 (started maxing out my 401K)
12/2016 - $52,000
3/17      - $84,000

Starting 2017, my wife and I will be contributing max to our 401Ks, ROTH and HSA (me only) so we should, hopefully, accumulate pretty fast.

- Richard
Title: Re: Race from 10 to 100k!!
Post by: Trifele on March 03, 2017, 04:34:08 AM
Welcome Richard!   You're right that with both of you maxing out, you will be at $100k before you know it, and then it's on to the next race (to $250k).   :)
Title: Re: Race from 10 to 100k!!
Post by: andy85 on March 03, 2017, 08:34:37 AM
Jan 16   $39,550
Feb 16   $41,468
Mar 16   $47,974
Apr 16   $51,484
May 16   $52,730
Jun 16   $53,694
Jul 16   $55,669
Aug 16   $56,725
Sep 16   $58,793
Oct 16   $58,748
Nov 16   $60,551
Dec 16   $61,253
Jan 17   $64,001
Feb 17   $66,905
Title: Re: Race from 10 to 100k!!
Post by: Epor on March 03, 2017, 10:30:58 AM

My very first post:
(RothIra + 401k + Mutual Funds)

03/01/2017 - $58131
Title: Re: Race from 10 to 100k!!
Post by: prickly_turing on March 04, 2017, 01:55:05 PM
First post.  Was near zero around Q4 2015 due to transitioning from school to software engineering job.  "Accidentally" saved a lot the first year due by avoiding too much lifestyle inflation (biking to work, rent is actually less expensive than while in school, etc). 

Got a promotion and large raise (25 percent) in Q4 2017, discovered this forum, and decided to start saving deliberately.  I've been formally tracking my net worth since January.  This is emergency fund (cash in bank) plus retirement and non-retirement investments (no debts to account for).

Jan 1 2017   $53743
Feb 1 2017   $59995
Mar 1 2017   $65150

My goal is to reach 100k by November 1 2017.
Title: Re: Race from 10 to 100k!!
Post by: Trifele on March 04, 2017, 02:52:39 PM
Welcome Eporedia and Prickly_Turing!  2017 is going to be one fine year . . .
Title: Re: Race from 10 to 100k!!
Post by: katthjul on March 05, 2017, 09:15:58 AM
EOY 2014: €0
EOY 2015: €16,728
EOY 2016: €41,467
Jan 2017: €42,037
Feb 2017: €45,956

Just realized I have not posted my progress since September.
Title: Re: Race from 10 to 100k!!
Post by: Mezzie on March 05, 2017, 12:18:57 PM
I'm at just over $58k. Past the halfway mark!
Title: Re: Race from 10 to 100k!!
Post by: felixbf on March 05, 2017, 10:36:47 PM
Dec 53,572.89
Jan 63,000.00

Finished all my debt off last year really helped increasing my savings ratio.

67,658.50
Title: Re: Race from 10 to 100k!!
Post by: Epor on March 06, 2017, 10:53:21 AM
Welcome Eporedia and Prickly_Turing!  2017 is going to be one fine year . . .

I sure hope so. I want to get rid of some of my debt:

1. About 4k in hospital/clinic bills (My son tonsillectomy and then my girl fell and hit her chin). Insurance covered some, but between deductibles/etc I still have about 4k. I'm paying about 400/mo for now so they do not send me to collections (they do not charge any interest on this one).

2. Finish paying my car (mustache alert -> got the car used, after my 600$ car heating system died. I live in NW Wisconsin). I still owe 4900 on it, 3.49% interest.

Good news for the year:
1. Received a modest 3% increase that will be all applied to my 401k.
2. Small bonus coming - probably 2k. I plan to put 500 on kids 529 college + 500 on car payment and the rest on mutual funds.

Thank you for always keeping us honest!
Title: Re: Race from 10 to 100k!!
Post by: monstermonster on March 06, 2017, 05:37:31 PM
3/1/2016: $10,106
4/1/2016: $10,624
5/1/2016: $14,504
6/31/2016: $18,193
7/30/2016: $19,296
8/30/2016: $21,334
10/23/2016: $18,326 <-- Quit job, started business
11/31/2016: $16,259
12/31/2016: $18,386
1/31/2017: $17,583
2/28/2017: $24,430


This thread was getting depressing for a bit for me as I started my business, but things are finally starting to look up. Starting a business is hard on the income for a bit :-/
Title: Re: Race from 10 to 100k!!
Post by: BeautifulDay on March 06, 2017, 08:17:28 PM
This thread was getting depressing for a bit for me as I started my business, but things are finally starting to look up. Starting a business is hard on the income for a bit :-/

Glad to hear things are looking up, and after only a few months.  I think that's great progress.   I've enjoyed reading about your self employment adventure, but need to catch up after a break from the forum. 

DH and I are planning to start our own self employ venture within the next year.  Hopefully we will be as fortunate (hardworking) as you.
Title: Re: Race from 10 to 100k!!
Post by: LurkerStache on March 07, 2017, 01:55:34 AM
Sep 2016: 51598.42
Oct 2016: 54210.76
Nov 2016: 57821.07
Dec 2016: 59471.44
Jan 2017: 63,813.13
Feb 2017: 66,722.32
Title: Re: Race from 10 to 100k!!
Post by: Trifele on March 07, 2017, 04:01:23 AM
Nice progress LurkerStache!!

@Eporedia -- shout out to Wisconsin!  I lived there for many years.  Just moved away last year.
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on March 08, 2017, 04:15:44 AM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285
Oct 16: 25400
Nov 16: 26932
Dec 16: 31121
Jan 17: 31444
Feb 17: 42849 (** finally checked my house value again, thus the extra 10k increase)
Mar 17: 43989

Was disappointed to see only 1140 increase... but then I remembered I also paid 840 in taxes last week.
Title: Re: Race from 10 to 100k!!
Post by: BCpuppy on March 11, 2017, 12:42:00 PM
Starting now!
Feb 2016 39,500
March 41,627
Title: Re: Race from 10 to 100k!!
Post by: Slow&Steady on March 13, 2017, 09:15:17 AM
I only really track my 401k balance (at end of month) and only for the last couple years. 

In my 20s I put something like 10% in and thought I was doing great (better than average), we also tackled 1 student loan, 2 car loans, credit card debt, and bought our 1st home (now a rental).  For the last several years I have only been putting 6% (plus a company match) into the 401k, while we saved for a wedding, down payment on a house, started a family, went to 1 steady income and 1 self employed income, and are continuing the last student loan.  We are still working on paying off my last student loan and building the self employed income but I am really hoping to hit $100k in the 401k sometime in 2018, if the self employed income starts taking off and we can contribute more to an IRA I will add that into the calculations too.

Dec 2013: $43,660
Dec 2014: $52,943
Dec 2015: $55,622
Dec 2016: $68,870
Feb 2017: $74,784

I did do a quick back of the envelope net worth calculation that included debt, primary and rental home value, and vehicle value and that put net worth around $150k, but since I don't regularly track that stuff I don't want to join the next group until the retirement accounts are above $100k.
Title: Re: Race from 10 to 100k!!
Post by: rg422 on March 16, 2017, 10:14:42 AM
New member to the forum, but I'll join, considering only our investment/cash.
4/2015  - $7,000 total savings!! (we were living like there's no tomorrow, but new job matched 100% up to 6%, so this was our  trigger to start saving)
12/2015 - $13,000
4/2016  -  $25,000 (started maxing out my 401K)
12/2016 - $52,000
3/17      - $84,000

Starting 2017, my wife and I will be contributing max to our 401Ks, ROTH and HSA (me only) so we should, hopefully, accumulate pretty fast.

- Richard


3/16/17 - 95500. I was fortunate enough to receive a pretty decent (to me) bonus last week, plus the first 6% my company matched 100% into my 401K, so our number has risen quite a bit in a couple weeks time. Hoping we cross the 100K threshold next month. I'm pretty excited.

Stay the course, everyone!!
Title: Re: Race from 10 to 100k!!
Post by: Trifele on March 16, 2017, 11:54:16 AM
RG422 -- way to go!  You are almost there!  Very nice job
Title: Re: Race from 10 to 100k!!
Post by: MVal on March 17, 2017, 07:33:39 AM
Happy St. Patrick's Day, my fellow green Mustachians! I'm happy to report me 401K pot o' gold just crossed $60K, bringing my total NW to over $93K! Just a few more months until I graduate to the next level!

We are champions!
Title: Re: Race from 10 to 100k!!
Post by: starjay on March 17, 2017, 01:12:10 PM
Hi folks, I'm new to the boards, though I've been lurking for a month or so, and thought I'd jump into this thread (I'll go introduce myself in the welcome thread, too). Nice to meet y'all!

I've only started tracking my net worth this year, so:

January 2017:  $54,765.72
February 2017: $58,616.88
March 2017:     $62,304.54

I've been digging myself out of CC and other consumer debt for the past few years, and will be completely out from under the credit cards by the fall equinox - and then I anticipate seeing these numbers really take off.
Title: Re: Race from 10 to 100k!!
Post by: Trifele on March 18, 2017, 03:58:56 AM
Welcome to the group Starjay!   Your snowball is looking great already, and will really take off in the fall!
Title: Re: Race from 10 to 100k!!
Post by: BeautifulDay on March 25, 2017, 11:57:32 AM
One year of tracking with Mint.  Started at about $37,300 (including HSA).  Now I am just short of $100k. 

Next month we buy a house. So I'll be sticking around this thread a bit longer.  Just cool to see how much progress we've made in a year.

March 2016      $28,361.48
April 2016              $31,751.53
May 2016              $38,742.00
June 2016              $40,970.43
July 2016              $61,657.51 (added in  my HSA of about 9k into Mint)
August 2016      $64,120.62
September 2016.  $66,961.32
October 2016      $70,179.38
November 2016      $73,125.54
December 2016      $80,499.21
January 2017      $87,257.39
February 2017      $93,080.00
March 2017      $99,766.09
Title: Re: Race from 10 to 100k!!
Post by: Overflow on March 27, 2017, 08:29:17 AM
One year of tracking with Mint.  Started at about $37,300 (including HSA).  Now I am just short of $100k. 

Next month we buy a house. So I'll be sticking around this thread a bit longer.  Just cool to see how much progress we've made in a year.

March 2016      $28,361.48
April 2016              $31,751.53
May 2016              $38,742.00
June 2016              $40,970.43
July 2016              $61,657.51 (added in  my HSA of about 9k into Mint)
August 2016      $64,120.62
September 2016.  $66,961.32
October 2016      $70,179.38
November 2016      $73,125.54
December 2016      $80,499.21
January 2017      $87,257.39
February 2017      $93,080.00
March 2017      $99,766.09

Wow, great work BeautifulDay! You made some big jumps in there.

I added my NW to my sig line, but I wanted to participate in this journal as well. We have some big expenses coming up in the next month or two (repairs/improvements around the house), so it will take a little step back.

Might be hanging out in this thread for a while.

Title: Re: Race from 10 to 100k!!
Post by: NickleNurser on March 28, 2017, 07:46:39 PM
19,799 Jan 2016
18,990 Feb
21,803 Mar
34,510 April
37,172 May
40,277 June
47,027 July
47,772 Aug
51,071 Sept
53,397 Oct
59,326 Nov
64,142 Dec
69,685 January 2017
71,722 Feb
75,795 Mar
Title: Re: Race from 10 to 100k!!
Post by: felixbf on March 28, 2017, 10:40:17 PM
Dec 53,572.89
Jan 63,000.00

Finished all my debt off last year really helped increasing my savings ratio.

67,658.50

77,011 March
Title: Re: Race from 10 to 100k!!
Post by: Trifele on March 29, 2017, 03:18:11 AM
19,799 Jan 2016
18,990 Feb
21,803 Mar
34,510 April
37,172 May
40,277 June
47,027 July
47,772 Aug
51,071 Sept
53,397 Oct
59,326 Nov
64,142 Dec
69,685 January 2017
71,722 Feb
75,795 Mar

Wow NickleNurser -- nice progress.  You have the pedal to the metal! 
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on March 30, 2017, 07:44:47 AM
Values at the beginning of the month (about)

03/2016: $20,818
04/2016: $23,784
05/2016: $26,650
06/2016: $28,769
07/2016: $32,015
08/2016: $34,808
09/2016: $37,342
10/2016: $39,883
11/2016: $41,720
12/2016: $44,979
01/2017: $56,197
02/2017: $59,598
03/2017: $94,135
04/2017: $96,711

So close, and yet so far.  Looking like I'll graduate sometime in late May/Early June.
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on March 31, 2017, 05:49:40 AM
DateNetworth
9/1/2014$14,865.26
10/1/2014$17,982.66
11/1/2014$17,949.24
12/1/2014$19,967.23
1/1/2015$25,504.84
2/1/2015$28,305.81
3/1/2015$30,322.90
4/1/2015$33,248.29
5/1/2015$34,786.85
6/1/2015$36,579.20
7/1/2015$33,108.30
8/1/2015$35,569.17
9/1/2015$37,759.70
10/1/2015$41,566.54
11/1/2015$53,256.44
12/1/2015$55,006.39
1/1/2016$57,428.23
2/1/2016$49,870.20
3/1/2016$51,558.33
4/1/2016$57,205.08
5/1/2016$61,094.49
6/1/2016$62,583.92
7/1/2016$63,773.08
8/1/2016$61,092.88
9/1/2016$57,409.45
10/1/2016$61,749.82
11/1/2016$61,600.48
12/1/2016$64,511.60
1/1/2017$70,030.75
2/1/2017$72,661.12
3/1/2017$78,557.23
4/1/2017$95,995.00

Like dogboy, I'll be going to the next group in the next couple of months.
Title: Re: Race from 10 to 100k!!
Post by: lamil on March 31, 2017, 07:34:46 AM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): $19516.00
May 31, 2016: $22,693
June 30, 2016: $27,496
July 31, 2016: $31,297
August 31, 2016: $34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
December 31st, 2016: $44,852
January 31st, 2017: $49,533
February 28th, 2017: $53,250
March 31st, 2017: $71,742
Title: Re: Race from 10 to 100k!!
Post by: merlin7676 on March 31, 2017, 07:59:46 AM
Great to see everybody's numbers.  And it's amazing to see how much and how quickly some of you can grow your stash.
I'm happy to say I'm almost ready to join the next group. Just a few more months (unless the market tanks).
As always I didn't include the value of my house since I don't consider it a asset until I'm ready to sell it.

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   $64,177.27
06/30/16   $65,348.17
07/31/16   $69,790.01
08/31/16   $70,534.23
09/30/16   $73,742.76
10/31/16   $74,282.52
11/30/16   $77,284.23
12/31/16   $80,583.50
01/31/17   $84,085.00
02/28/17   $88,359.35
03/31/17   $93,079.53
Title: Re: Race from 10 to 100k!!
Post by: Wanttobehome on March 31, 2017, 09:24:57 AM
Nov 2016 18595+1,296= 19,891
Dec 2016 19,091+1,425= 20,516
Jan 2017 19,586+1590= 21,176
Feb 2017 20,081+1673=21,754
Mar 2017 20,576+1828=22404


Still going up
Title: Re: Race from 10 to 100k!!
Post by: beantown on March 31, 2017, 09:43:41 AM
Dec 2017: $16.4K
Jan 2017: $21.8K
Feb 2017: $28.8K
Mar 2017: $35.1K
Title: Re: Race from 10 to 100k!!
Post by: frugalwitch on March 31, 2017, 11:16:44 AM
Currently at 86k but I'm going to buy a cruise and get my wisdown tooths out so it's going to go down next month :(. 78k to 86k since january !
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 01, 2017, 06:22:45 AM
Happy weekend everyone!  Great to see your end of month numbers.

Belated congratulations to CmFtns for crossing the $100k mark. Well done!

Looks like there will be a bunch more graduations and celebrations within the next month or two:

- Beautiful Day
- RG422
- MVal
- dogboyslim
- Pooperman
- Merlin7676

Be sure to let us know when you cross the mark!  Anyone else getting close?

And we have a bunch of other folks in the $60 - $80k range, as well as new folks just making it into the 20s.  Nice job everyone. 
Title: Re: Race from 10 to 100k!!
Post by: AcftW on April 01, 2017, 07:39:09 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
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
$56,780 - Nov 2016
$58,510 - Dec 2016
$67,328 - Jan 2017
$73,827 - Feb 2017
$79,021 - Mar 2017
$81,435 - Apr 2017

Going to be a bit dry the next month or so.  Still on track for 100k by October though!
Title: Re: Race from 10 to 100k!!
Post by: Rodgers12 on April 01, 2017, 08:01:35 AM
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
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
09/30/2016: $68,877
10/31/2016: $68,616
11/30/2016: $69,541
12/31/2016: $74,813
01/31/2017: $89,057  - Large Increase was due to purchasing a house and was gifted 9k in equity.
02/28/2017: $90,528
03/31/2017: $97,483

Getting so close to graduating! Projecting for May if the markets stay kind and my house improvements don't go over budget in April. Fingers crossed!
Title: Re: Race from 10 to 100k!!
Post by: Mezzie on April 01, 2017, 11:04:43 AM
1/1/2017: 39,409
2/3/2017: 55,570
3/3/2017: 58,000
4/1/2017: 72,455
This included a rather large tax return.
Title: Re: Race from 10 to 100k!!
Post by: katthjul on April 02, 2017, 04:09:25 AM
EOY 2014: €0
EOY 2015: €16,728
EOY 2016: €41,467
Jan 2017: €42,037
Feb 2017: €45,956
Mar 2017: €48,399

Just realized that the market could drop 50% and I would still have enough left to pay off all my debts.
Title: Re: Race from 10 to 100k!!
Post by: prickly_turing on April 02, 2017, 11:34:33 AM
Jan 1 2017   $53743
Feb 1 2017   $59995
Mar 1 2017   $65150
Apr 1 2017   $70592

In March I had a higher savings rate, but the market was less exciting than it had been earlier in the year.  Net result is pretty linear month over month.  Currently on track / slightly ahead of schedule for my goal. 
Title: Re: Race from 10 to 100k!!
Post by: Bart1ma3u5 on April 02, 2017, 01:36:14 PM
Happy weekend everyone!  Great to see your end of month numbers.

Belated congratulations to CmFtns for crossing the $100k mark. Well done!

Looks like there will be a bunch more graduations and celebrations within the next month or two:

- Beautiful Day
- RG422
- MVal
- dogboyslim
- Pooperman
- Merlin7676

Be sure to let us know when you cross the mark!  Anyone else getting close?

And we have a bunch of other folks in the $60 - $80k range, as well as new folks just making it into the 20s.  Nice job everyone.

I am getting close! I have been updating the spreadsheet since the beginning, but have not posted on this thread in awhile! I can't believe I'm almost there! Hopefully participating in Uber Frugal April and a good May as well will get me over the edge in the next two months!


7/1/2014    $(5,000.00)
8/1/2014    $(4,172.00)
9/1/2014    $(1,028.00)
10/1/2014    $27.00
11/1/2014    $1,499.00
12/1/2014    $3,965.00
1/1/2015    $6,200.00
2/1/2015    $9,608.00
3/1/2015    $13,460.00
4/1/2015    $13,621.00
5/1/2015    $16,002.00
6/1/2015    $18,752.00
7/1/2015    $16,873.00
8/1/2015    $27,693.00
9/1/2015    $28,364.00
10/1/2015    $31,000.00
11/1/2015    $36,549.00
12/1/2015    $38,978.00
1/1/2016    $45,436.00
2/1/2016    $44,712.00
3/1/2016    $47,800.00
4/1/2016    $53,205.00
5/1/2016    $57,500.00
6/1/2016    $57,100.00
7/1/2016    $59,000.00
8/1/2016    $60,000.00
9/1/2016    $63,288.00
10/1/2016    $64,200.00
11/1/2016    $66,165.76
12/1/2016    $69,165.00
1/1/2017    $77,441.00
2/1/2017    $80,546.00
3/1/2017    $86,211.00
4/1/2017    $91,562.00
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 02, 2017, 05:22:33 PM
Happy weekend everyone!  Great to see your end of month numbers.

Belated congratulations to CmFtns for crossing the $100k mark. Well done!

Looks like there will be a bunch more graduations and celebrations within the next month or two:

- Beautiful Day
- RG422
- MVal
- dogboyslim
- Pooperman
- Merlin7676
- Rodgers12
- Bart1Ma3u5


Be sure to let us know when you cross the mark!  Anyone else getting close?

And we have a bunch of other folks in the $60 - $80k range, as well as new folks just making it into the 20s.  Nice job everyone.

Edited to add Rodgers12 and Bart1Ma3u5 to the crew of people getting close.  Big celebrations ahead!

Title: Re: Race from 10 to 100k!!
Post by: Epor on April 03, 2017, 08:12:01 AM
(RothIra + 401k + Mutual Funds)   
3/1/2017   58135.00
4/1/2017   60236.00
Title: Re: Race from 10 to 100k!!
Post by: TheCastle on April 03, 2017, 08:26:28 AM
Jan 17:  $19,166.96
Feb 17:  $20,947.41
Mar 17:  $21,475.05
April 17:  $27,876.31
Title: Re: Race from 10 to 100k!!
Post by: edmundblackadder on April 03, 2017, 09:28:30 AM
DING DING DING.

101K total net worth with my last 403b contribution! Yes I *am* feeling very pleased with myself, why do you ask?
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 03, 2017, 09:41:10 AM
[cue Kool and the Gang]

Awesome job Edmund !!!!!!!!!!
Title: Re: Race from 10 to 100k!!
Post by: Epor on April 03, 2017, 10:05:03 AM
DING DING DING.

101K total net worth with my last 403b contribution! Yes I *am* feeling very pleased with myself, why do you ask?

Congrats! Hopefully we will join you soon on the next race!
Title: Re: Race from 10 to 100k!!
Post by: starjay on April 03, 2017, 12:55:54 PM
DING DING DING.

101K total net worth with my last 403b contribution! Yes I *am* feeling very pleased with myself, why do you ask?

Congrats!
Title: Re: Race from 10 to 100k!!
Post by: Bart1ma3u5 on April 04, 2017, 05:49:09 AM
DING DING DING.

101K total net worth with my last 403b contribution! Yes I *am* feeling very pleased with myself, why do you ask?

Good work! See you in the next race soon!
Title: Re: Race from 10 to 100k!!
Post by: SarkastikNinja on April 04, 2017, 08:06:54 AM
Hi everyone, first time posting. Just found MMM in the last 2 months. To cut costs the company I work for reduced salaries by 20% from April - August last year. As you can tell, I did not adjust my spending and my savings in 2016 suffered. They will be doing that again this year and I'm hoping posting here will help motivate me to really cut my spending during these reduced salary months! I also have the benefit this year of having discovered Mustachianism, so hopefully I will make some nice progress.

15-01-31   :           -12,050.05
15-02-28   :             -9,013.04
15-03-31   :             -8,373.63
15-04-30   :              3,957.65
15-05-31   :              6,155.15
15-06-30   :              4,161.27
15-07-31   :              9,940.39
15-08-31   :            11,086.93
15-09-30   :            13,411.39
15-10-31   :            21,753.13
15-11-30   :            23,540.19
15-12-31   :            25,039.14
               
16-01-31   :            31,418.13
16-02-29   :            33,247.02
16-03-31   :            37,241.82
16-04-30   :            47,305.81
16-05-31   :            47,145.83
16-06-30   :            46,076.20
16-07-31   :            47,098.02
16-08-31   :            46,307.45
16-09-30   :            48,762.90
16-10-31   :            50,601.65
16-11-30   :            52,677.91
16-12-31   :            57,227.20
               
17-01-31   :            58,540.40
17-02-28   :            64,183.38
17-03-31   :            75,197.12
Title: Re: Race from 10 to 100k!!
Post by: GeekyGirl on April 04, 2017, 08:41:29 AM
Jan 17, 2017:  € 12,138 
Feb 06, 2017:  € 16,720
Apr 04, 2017:  € 23,400

Bonus was OKish.
Title: Re: Race from 10 to 100k!!
Post by: Nederstash on April 06, 2017, 04:03:36 AM
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
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285
Oct 16: 25400
Nov 16: 26932
Dec 16: 31121
Jan 17: 31444
Feb 17: 42849
Mar 17: 43989
Apr 17: 45143

Whoa this kinda snuck up on me but I remembered I had the 45k mark set for August and I remember thinking that was a stretch... so happy to see I've crossed that line! 100k mark in two years..?
Title: Re: Race from 10 to 100k!!
Post by: recklesslysober on April 06, 2017, 11:20:34 AM
I love watching everyone go up! Lots of hustle in this thread.
Title: Re: Race from 10 to 100k!!
Post by: Slow&Steady on April 11, 2017, 01:42:13 PM
I only really track my 401k balance (at end of month) and only for the last couple years. 

In my 20s I put something like 10% in and thought I was doing great (better than average), we also tackled 1 student loan, 2 car loans, credit card debt, and bought our 1st home (now a rental).  For the last several years I have only been putting 6% (plus a company match) into the 401k, while we saved for a wedding, down payment on a house, started a family, went to 1 steady income and 1 self employed income, and are continuing the last student loan.  We are still working on paying off my last student loan and building the self employed income but I am really hoping to hit $100k in the 401k sometime in 2018, if the self employed income starts taking off and we can contribute more to an IRA I will add that into the calculations too.

Dec 2013: $43,660
Dec 2014: $52,943
Dec 2015: $55,622
Dec 2016: $68,870
Feb 2017: $74,784

I did do a quick back of the envelope net worth calculation that included debt, primary and rental home value, and vehicle value and that put net worth around $150k, but since I don't regularly track that stuff I don't want to join the next group until the retirement accounts are above $100k.

Seeing some of these monthly increases is very eye opening.  Some of you add more to your net worth every month than our entire monthly income! 

We are still focusing on debt pay-off and will probably not add to the IRA again until tax time next year.  I did want to get it to a $ amount that it can actually be invested so we bumped it up to $1000.

                  401K        IRA        Total
Dec 2013: $43,660   $0         $43,660
Dec 2014: $52,943   $0         $52,943
Dec 2015: $55,622   $0         $55,622
Dec 2016: $68,870   $700     $69,570
Feb 2017: $74,784    $700     $75,484
 4/11/17: $76,834    $1002   $77,836
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 11, 2017, 04:47:58 PM
Hi everyone, first time posting. Just found MMM in the last 2 months. To cut costs the company I work for reduced salaries by 20% from April - August last year. As you can tell, I did not adjust my spending and my savings in 2016 suffered. They will be doing that again this year and I'm hoping posting here will help motivate me to really cut my spending during these reduced salary months! I also have the benefit this year of having discovered Mustachianism, so hopefully I will make some nice progress.

15-01-31   :           -12,050.05
15-02-28   :             -9,013.04
15-03-31   :             -8,373.63
15-04-30   :              3,957.65
15-05-31   :              6,155.15
15-06-30   :              4,161.27
15-07-31   :              9,940.39
15-08-31   :            11,086.93
15-09-30   :            13,411.39
15-10-31   :            21,753.13
15-11-30   :            23,540.19
15-12-31   :            25,039.14
               
16-01-31   :            31,418.13
16-02-29   :            33,247.02
16-03-31   :            37,241.82
16-04-30   :            47,305.81
16-05-31   :            47,145.83
16-06-30   :            46,076.20
16-07-31   :            47,098.02
16-08-31   :            46,307.45
16-09-30   :            48,762.90
16-10-31   :            50,601.65
16-11-30   :            52,677.91
16-12-31   :            57,227.20
               
17-01-31   :            58,540.40
17-02-28   :            64,183.38
17-03-31   :            75,197.12

Welcome Unlikelycrotchgardener!  That is quite a username.  Afraid to ask if there's a story there.

You've made some great progress since the beginning of '15.  Way to hang in there when the income took a hit. 
Title: Re: Race from 10 to 100k!!
Post by: starjay on April 13, 2017, 12:25:15 PM
Hi folks, I'm new to the boards, though I've been lurking for a month or so, and thought I'd jump into this thread (I'll go introduce myself in the welcome thread, too). Nice to meet y'all!

I've only started tracking my net worth this year, so:

January 2017:  $54,765.72
February 2017: $58,616.88
March 2017:     $62,304.54

I've been digging myself out of CC and other consumer debt for the past few years, and will be completely out from under the credit cards by the fall equinox - and then I anticipate seeing these numbers really take off.

April 2017: $63,589.66

Small progress, but progress nonetheless.
Title: Re: Race from 10 to 100k!!
Post by: Cezilous on April 14, 2017, 07:17:13 AM
Dec-16: $32,870.70
Mar-17: $42,371.10

I can't wait to get over 50K!
Title: Re: Race from 10 to 100k!!
Post by: SingleMomDebt on April 17, 2017, 11:09:47 AM
Just hit $41 over 50K NW yesterday (with a little force). :)
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on April 17, 2017, 11:24:43 AM
Just hit $41 over 50K NW yesterday (with a little force). :)

Hooray for 50k!
Title: Re: Race from 10 to 100k!!
Post by: SingleMomDebt on April 17, 2017, 01:10:46 PM
Just hit $41 over 50K NW yesterday (with a little force). :)

Hooray for 50k!

Thx! :)
Title: Re: Race from 10 to 100k!!
Post by: briesas on April 17, 2017, 07:10:37 PM
I want to play!
State pension (only the part I can roll over if I leave) = 21000
IRA= 2517.56
457 = 9459.79
Savings = 4780.78
Total = 37581.13

Student loans = 27,073.54

NW = 10684.59

State pension (only the part I can roll over if I leave) = 29,991
IRA= 2600
457 = 9738
Savings = 3175
Total = 45,504

Student loans = 22,343

NW = 23161 
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 18, 2017, 04:46:11 AM
I want to play!
State pension (only the part I can roll over if I leave) = 21000
IRA= 2517.56
457 = 9459.79
Savings = 4780.78
Total = 37581.13

Student loans = 27,073.54

NW = 10684.59

State pension (only the part I can roll over if I leave) = 29,991
IRA= 2600
457 = 9738
Savings = 3175
Total = 45,504

Student loans = 22,343

NW = 23161

Great progress Briesas!  You're on fire!
Title: Re: Race from 10 to 100k!!
Post by: Wanttobehome on April 19, 2017, 10:14:26 AM
Nov 2016 18595+1,296            = 19,891
Dec 2016 19,091+1,425            = 20,516
Jan 2017 19,586+1590             =  21,176
Feb 2017 20,081+1,673            = 21,754
Mar 2017 20,576+1,828            = 22404
Apr 2017  21,071+1,890+2300  =25,261

A quarter of the way there
Title: Re: Race from 10 to 100k!!
Post by: mustache you a question on April 19, 2017, 11:29:38 AM
I'd like to jump in this.  Totals are for my wife and I.  Aggressively paying down student loan debt has helped...

Jan 2017 - 9,926
Feb 2017 - 15,869
March 2017 - 21,618
April 2017 - 22,738
Title: Re: Race from 10 to 100k!!
Post by: starjay on April 19, 2017, 11:44:15 AM
I'd like to jump in this.  Totals are for my wife and I.  Aggressively paying down student loan debt has helped...

Jan 2017 - 9,926
Feb 2017 - 15,869
March 2017 - 21,618
April 2017 - 22,738

Great progress!
Title: Re: Race from 10 to 100k!!
Post by: MVal on April 19, 2017, 12:07:27 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...!)

Jan 2017 - $87,000 (so far two paychecks front-loaded to 401K at 80%)

Crossed $90K just now, yay!

$95,500 as of today. Still hoping to graduate this level by June, with any luck.
Title: Re: Race from 10 to 100k!!
Post by: ingrownstudentloans on April 19, 2017, 03:18:43 PM
January 2017: (10,116.43) - artificially low by about $5,000 due to missing Mint account
February 2017: 12,032.52 - bonus plus tax return (married in late 2016 but had been withholding as single for most of the year) plus adding some accounts to Mint
March 2017: 15,032.52
April 2017: 20,214.77

Let's go!
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 19, 2017, 03:59:54 PM
Nice progress, Ingrown! Love your username.   
Title: Re: Race from 10 to 100k!!
Post by: ingrownstudentloans on April 19, 2017, 04:29:15 PM
Nice progress, Ingrown! Love your username.

Thanks, Trifele...i think ;) 

law school loans + wife's grad school (education) loans started us $195K ish behind the 8-ball in 2011.  A couple cross-country moves and job changes have forced us to pause above required debt payoff/retirement account funding at times, but we are settled now and ready to crush debt/stash hardcore.  We are shooting for debt principle payoff and stashing of at least $5,600 a month from here on (written down and published to the world for accountability).
Title: Re: Race from 10 to 100k!!
Post by: Gardo on April 19, 2017, 08:21:23 PM
I posted in the 100K to 250K race since I was almost 100K at the time.  That was end-March.

But I skidded down to 99K as of today and looks going dimmer by midnight's balance refresh.

So joining this race instead as the market sorts things out for awhile.

Current Balance : $99K
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 20, 2017, 03:38:36 AM
Nice progress, Ingrown! Love your username.

Thanks, Trifele...i think ;) 

law school loans + wife's grad school (education) loans started us $195K ish behind the 8-ball in 2011.  A couple cross-country moves and job changes have forced us to pause above required debt payoff/retirement account funding at times, but we are settled now and ready to crush debt/stash hardcore.  We are shooting for debt principle payoff and stashing of at least $5,600 a month from here on (written down and published to the world for accountability).

It was about the same for us -- one law school + one grad school = ~$140k in the hole to start.  Plus I started off in public interest law making almost nothing.   You will get there, faster than you think.   
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 20, 2017, 03:45:49 AM
I posted in the 100K to 250K race since I was almost 100K at the time.  That was end-March.

But I skidded down to 99K as of today and looks going dimmer by midnight's balance refresh.

So joining this race instead as the market sorts things out for awhile.

Current Balance : $99K

Hi Gardo.  Someone over in the 'Race to 10k' thread was asking about you, wondering how things were going.  And the answer is -- you are kicking ASS!!!   Guess you graduated and slipped out of there without much fanfare.  And here you are ready to move on.  Well done!
Title: Re: Race from 10 to 100k!!
Post by: MVal on April 20, 2017, 10:50:38 AM
What numbers are you all posting in this thread? I've been thinking about joining one of these threads, but not sure which one...

My networth is $103k, so just over the limit.
But my retirement assets are only $72k, safely within the limits.
And I just reached my emergency fund goal of $10k. But not too long ago, it was below $10k, and I guess too low for this thread.

Anyway, what number are you all posting?

I am going off my total NW, which I'm sure most here are. I'm at about $80K invested, but over $95K total NW.
Title: Re: Race from 10 to 100k!!
Post by: PhoenixHeat on April 22, 2017, 03:25:54 PM
On the way to 100K
HSA, 401k, company stock, backup cash, 529s, everything, as of today..

$39K

Title: Re: Race from 10 to 100k!!
Post by: monstermonster on April 24, 2017, 03:54:37 PM
3/1/2016: $10,106
4/1/2016: $10,624
5/1/2016: $14,504
6/31/2016: $18,193
7/30/2016: $19,296
8/30/2016: $21,334
10/23/2016: $18,326 <-- Quit job, started business
11/31/2016: $16,259
12/31/2016: $18,386
1/31/2017: $17,583
2/28/2017: $24,430
3/31/2017: $23,243
4/30/2017: $24,023 (but with multiple pending biz expenses)
Title: Re: Race from 10 to 100k!!
Post by: dreadmoose on April 26, 2017, 02:44:08 PM
First post, I really like the concept of solidifying this and don't have much encouragement on the FI/RE side from the DW or friends yet.

Seeing as I'll almost be at 10K next friday I figured I'd avoid the single post in the sub 10K thread.

2016-10-01    $51,413
2016-11-01   -$25,621*
2016-12-01   -$25,405
2017-01-01   -$25,189
2017-02-01   -$24,977
2017-03-01   -$21,759
2017-04-01   -$15,838 [Quit Job - Started Consulting Business]
2017-05-01    $7,477

*I foolishly bought a condo (at least it's walkable to work) before getting serious about FIRE and don't count it in my net worth calculation (as hard as that is to watch the 75K hit - it is real).

Student Debts are at 2.7% so min payments only, and my house is at 2.19% (Canada) so it's all Questrade ETF investing from here, budget alots for $2122 biweekly (to hold myself accountable).
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 26, 2017, 03:55:29 PM
First post, I really like the concept of solidifying this and don't have much encouragement on the FI/RE side from the DW or friends yet.

Seeing as I'll almost be at 10K next friday I figured I'd avoid the single post in the sub 10K thread.

2016-10-01    $51,413
2016-11-01   -$25,621*
2016-12-01   -$25,405
2017-01-01   -$25,189
2017-02-01   -$24,977
2017-03-01   -$21,759
2017-04-01   -$15,838 [Quit Job - Started Consulting Business]
2017-05-01    $7,477

*I foolishly bought a condo (at least it's walkable to work) before getting serious about FIRE and don't count it in my net worth calculation (as hard as that is to watch the 75K hit - it is real).

Student Debts are at 2.7% so min payments only, and my house is at 2.19% (Canada) so it's all Questrade ETF investing from here, budget alots for $2122 biweekly (to hold myself accountable).

Welcome Dreadmoose!  Nice monthly progress numbers
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on April 26, 2017, 05:38:10 PM
I foolishly bought a condo (at least it's walkable to work) before getting serious about FIRE and don't count it in my net worth calculation (as hard as that is to watch the 75K hit - it is real).

Condo has value, so you should include it unless you're just doing invested assets. I'd say either include both (mortgage and condo value) no exclude both.
Title: Re: Race from 10 to 100k!!
Post by: dreadmoose on April 27, 2017, 12:26:53 AM
Thanks for the welcome!

I was just doing invested amounts over debts, as that's my liquid net worth. Condo is worth 509K and the mortgage is at 403K, with other assets being debt free (motorcycle / truck) but also not included. Figured a case study is in order in due time to deal with all of that..

Sent from my STV100-3 using Tapatalk

Title: Re: Race from 10 to 100k!!
Post by: jeeebus on April 27, 2017, 02:54:00 AM
Oct 2016 - $21,326.78
Nov 2016 - $24,044.76
Dec 2016 - $25,106.17
Jan 2017 - $27,207.71
Feb 2017 - $28,062.31
Apr 2017 - $35,612.95


Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 27, 2017, 03:28:10 AM
Oct 2016 - $21,326.78
Nov 2016 - $24,044.76
Dec 2016 - $25,106.17
Jan 2017 - $27,207.71
Feb 2017 - $28,062.31
Apr 2017 - $35,612.95

You've got some nice monthly progress going there Jeeebus.  You're in the phase where if you "set it and forget it", and then increase the savings where/when you can, you will be there before you know it!
Title: Re: Race from 10 to 100k!!
Post by: felixbf on April 27, 2017, 11:15:01 PM
Dec 53,572.89
Jan 63,000.00

Finished all my debt off last year really helped increasing my savings ratio.

67,658.50

77,011 March

88,503.17
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on April 28, 2017, 05:45:47 AM
DateNetworth
9/1/2014$14,865.26
10/1/2014$17,982.66
11/1/2014$17,949.24
12/1/2014$19,967.23
1/1/2015$25,504.84
2/1/2015$28,305.81
3/1/2015$30,322.90
4/1/2015$33,248.29
5/1/2015$34,786.85
6/1/2015$36,579.20
7/1/2015$33,108.30
8/1/2015$35,569.17
9/1/2015$37,759.70
10/1/2015$41,566.54
11/1/2015$53,256.44
12/1/2015$55,006.39
1/1/2016$57,428.23
2/1/2016$49,870.20
3/1/2016$51,558.33
4/1/2016$57,205.08
5/1/2016$61,094.49
6/1/2016$62,583.92
7/1/2016$63,773.08
8/1/2016$61,092.88
9/1/2016$57,409.45
10/1/2016$61,749.82
11/1/2016$61,600.48
12/1/2016$64,511.60
1/1/2017$70,030.75
2/1/2017$72,661.12
3/1/2017$78,557.23
4/1/2017$95,995.00
5/1/2017$98,922.26
Title: Re: Race from 10 to 100k!!
Post by: lamil on April 28, 2017, 07:17:25 AM
DateNetworth
5/1/2017$98,922.26

close!

edit- any plans to make sure you hit that 100 this month? As I get closer, I'm trying to figure out even more ways to speed it up.
Title: Re: Race from 10 to 100k!!
Post by: lamil on April 28, 2017, 07:23:16 AM
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): $19516.00
May 31, 2016: $22,693
June 30, 2016: $27,496
July 31, 2016: $31,297
August 31, 2016: $34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
December 31st, 2016: $44,852
January 31st, 2017: $49,533
February 28th, 2017: $53,250
March 31st, 2017: $71,742
April 28th, 2017: $75,857
Title: Re: Race from 10 to 100k!!
Post by: Pooperman on April 28, 2017, 07:42:55 AM
DateNetworth
5/1/2017$98,922.26

close!

edit- any plans to make sure you hit that 100 this month? As I get closer, I'm trying to figure out even more ways to speed it up.

We'll hit 100k next month unless the market completely craps out or some emergency happens. It's not a rush, though. 3 years ain't too shabby. You'll do it in about half that time.
Title: Re: Race from 10 to 100k!!
Post by: dogboyslim on April 28, 2017, 07:54:01 AM
03/2016: $20,818
04/2016: $23,784
05/2016: $26,650
06/2016: $28,769
07/2016: $32,015
08/2016: $34,808
09/2016: $37,342
10/2016: $39,883
11/2016: $41,720
12/2016: $44,979
01/2017: $56,197
02/2017: $59,598
03/2017: $94,135
04/2017: $96,711
05/2017: $100,313

Yeah!  I'm not positive this will hold if the markets dip at all today, but I'll take it and keep going.  On to 250!
Title: Re: Race from 10 to 100k!!
Post by: starjay on April 28, 2017, 08:54:48 AM
03/2016: $20,818
04/2016: $23,784
05/2016: $26,650
06/2016: $28,769
07/2016: $32,015
08/2016: $34,808
09/2016: $37,342
10/2016: $39,883
11/2016: $41,720
12/2016: $44,979
01/2017: $56,197
02/2017: $59,598
03/2017: $94,135
04/2017: $96,711
05/2017: $100,313

Yeah!  I'm not positive this will hold if the markets dip at all today, but I'll take it and keep going.  On to 250!

Whoo-hoo! Congrats on graduating to the next thread. :)
Title: Re: Race from 10 to 100k!!
Post by: jerryricefumbled on April 28, 2017, 09:08:43 AM
I want to get into this race.  My current net worth is $82,123.14 as of today.  I think I can get to $100,000 by the end of the year.
Title: Re: Race from 10 to 100k!!
Post by: mustache you a question on April 28, 2017, 10:27:05 AM
Totals from the first of the month...

Jan 2017 - 9,926
Feb 2017 - 15,869
March 2017 - 21,618
April 2017 - 22,738
May 2017 - 29,255
Title: Re: Race from 10 to 100k!!
Post by: Trifele on April 28, 2017, 11:27:52 AM
03/2016: $20,818
04/2016: $23,784
05/2016: $26,650
06/2016: $28,769
07/2016: $32,015
08/2016: $34,808
09/2016: $37,342
10/2016: $39,883
11/2016: $41,720
12/2016: $44,979
01/2017: $56,197
02/2017: $59,598
03/2017: $94,135
04/2017: $96,711
05/2017: $100,313

Yeah!  I'm not positive this will hold if the markets dip at all today, but I'll take it and keep going.  On to 250!

Whoo-hoo! Congrats on graduating to the next thread. :)

Congrats Dogboy!!!
Title: Re: Race from 10 to 100k!!
Post by: BeautifulDay on April 29, 2017, 07:52:36 AM
 
Mar 2016     $28,361
Apr 2016     $31,751
May 2016     $38,742
Jun 2016     $40,970
Jul 2016     $61,657 (added my HSA of about 9k into Mint)
Aug 2016     $64,120
Sep 2016     $66,961
Oct 2016     $70,179
Nov 2016     $73,125
Dec 2016     $80,499
Jan 2017     $87,257
Feb 2017     $93,080
Mar 2017     $99,766
Apr 2017     $97,334



Didn't lose as much ground as I thought we might with buying our house.  So it looks like we might graduate to the next thread in May if the market cooperates. 

And Congrats Dogboy... I'm right behind ya
Title: Re: Race from 10 to 100k!!
Post by: Mezzie on April 29, 2017, 08:15:08 AM
I've decided to use a whole new metric. Instead of net worth, I'm just going to track what's in my retirement accounts (not my husband's and not my pension). Our mortgage is less per month than rent would be, and the money in our accounts is for specific things like car repair, home repair