Author Topic: Race from 10 to 100k!!  (Read 539758 times)

eav

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Re: Race from 10 to 100k!!
« Reply #2500 on: July 03, 2019, 07:26:17 AM »
25F

June '19: $52,951
July '19: $55,573

To my fellow Americans, enjoy the 4th!

Cezil

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Re: Race from 10 to 100k!!
« Reply #2501 on: July 03, 2019, 07:36:16 AM »
Quote
Dec-2016: $32,870.70
Dec-2017: $58,271.55   (+ 25,400.85)
Dec-2018: $72,493.16   (+ 14,221.61)

Jan-2019:    $81,866.77  (+ 9,373.61)
Feb-2019:   $87,222.31  (+ 5,355.54)
Mar-2019:   $88,865.95 (+ 1,643.64)
Apr-2019:   $93,050.94  (+ 4,184.99)
May-2019:  $91,719.70  ( - 1,331.24)


Jun-2019:  $95,665.54   (+ 3,945.84)

Fingers crossed for graduation at the end of August!  It canít not happen (due to my automated savings) unless the markets go down again, so we shall see!  Iíve held a consistent 37.5% savings rate these past few months, Iíd like to get that number higher.  Time to get creative..

DadJokes

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Re: Race from 10 to 100k!!
« Reply #2502 on: July 03, 2019, 08:53:05 AM »
If I were to trust Zillow, my home value fluctuates far more than the stock market. In May, I checked it for the first time after owning the house for a year. In that time, the value had increased by 10k per the zestimate, so I retroactively adjusted my net worth to allocate that gain across that time. A month or two later, it apparently dropped significantly, which I think was due to me refinancing for a fairly low value. I checked it a few minutes ago, and Zillow claims the home value has increased by $25k in the last 30 days, probably due to the sale of my neighbor's house.

I don't want to track my home at cost, because that isn't accurate, but I also don't want to use Zillow, since that is obviously inaccurate as well. Historically, home values have increased by 5-10% per year, for the most part. In the interest of balancing between accuracy, conservatism, and a desire for stability, I think I am going to build in 5% per year appreciation.

It doesn't have any bearing on my retirement number right now, but I don't plan to retire in this house - it's just too big for my liking, and I don't want to live in an HOA forever. However, it is still part of my net worth, and a 5% annual gain seems like a happy medium to use.

M5

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Re: Race from 10 to 100k!!
« Reply #2503 on: July 03, 2019, 08:55:54 AM »
4/13/18: $14,324.67
12/27/18: $20,377.45
2/6/19: $27,927.20
3/1/19: $33,596.07
4/3/19: $57,285.55
5/7/19: $61,326.50
6/10/19: $62,992.97

7/3/19: $67,032.16

Not quite sure where this big jump came from this month, but I'll take it. It'll even out next month though as we have to spend a couple grand to pay for the repairs we had done to our rental house to get it ready to sell.

haypug16

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Re: Race from 10 to 100k!!
« Reply #2504 on: July 03, 2019, 11:10:17 AM »
June 2019 Update
3/31/2017 (52,848.85) - Found MMM
3/31/2018 $(14,916.69) - 1 year in
3/31/2019 $9,917.20 - 2 years in
4/30/2019 $19,835.78
5/31/2019 $21,498.65
6/30/2019 $17,825.45 -3,673.20 decrease

Looking forward to returning to work this month so I can turn this number back around. I am grateful that I had this time home with the little one and was able to live off the small STD payout (5 weeks) and some of the bonus I got right before heading out on Maternity Leave. I was able to keep all my bills paid and not rack up any credit card debt in the process. I'll also have a chance to get caught up on the forums (I hope)

lexde

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Re: Race from 10 to 100k!!
« Reply #2505 on: July 03, 2019, 03:32:30 PM »
3/15/2018: $12,926.94
3/31/2018: $12,989.49
4/13/2018: $16,254.32
4/30/2018: $17,831.70
5/15/2018: $18,911.08
5/31/2018: $21,674.06
6/15/2018: $23,447.78
6/29/2018: $20,396.96
7/21/2018: $22,666.63
7/31/2018: $24,667.50
8/23/2018: $25,400.62
8/31/2018: $27,393.30
9/14/2018: $28,138.60
9/28/2018: $30,242.60
10/26/2018: $29,793.20
11/21/2018: $32,551.23
12/7/2018: $33,589.65
12/21/2018: $33,986.10
1/18/2019: $35,782.18
2/15/2019: $43,365.46
3/1/2019: $44,391.15
3/15/2019: $45,689.39
3/31/2019: $48,303.11
05/25/2019: $53,145.15
06/07/2019: $54,674.68
06/21/2019: $57,532.15

07/03/2019: $58,718.06

Always a small jump with the first paycheck, second paycheck of the month will kick me up a bigger notch since rent just came out of this one. Steady upward progress, should hit 60k this month. Got a weird bonus at work, as did everyone else. No complaints though. Up almost $40k from this time last year so Iím happy so far.

Lamancha

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Re: Race from 10 to 100k!!
« Reply #2506 on: July 04, 2019, 09:12:37 PM »
Nov 2018- $23,000
Dec 2018- $26,000
Jan 2019- $29,000
Feb 2019- $36,000
March 2019- $40,000
April 2019- $43,000
May 2019- $48,000
June 2019- $54,000
July 2019- $60,600

okcisok

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Re: Race from 10 to 100k!!
« Reply #2507 on: July 05, 2019, 06:53:27 PM »
I'm in!

April 19 $37,975
May 19  $43,823
June 19 $50,556
July 19  $81,732

I didn't start tracking until this year, even though I found MMM about two years ago. (The big jump between June and July was realizing one of my accounts wasn't linked properly and wasn't reporting to my bottom line.)

Considering I was underwater on a house and making car payments three years ago, I'm doing very well! Zero debt, and worth about 1.5x my annual income. I'm still behind by some metrics, but I'm looking forward to how much I can save in future instead of back at past mistakes.

zygote

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Re: Race from 10 to 100k!!
« Reply #2508 on: July 08, 2019, 02:14:20 PM »
7/19: $96,745.04 (+6,329.74)

Reporting early since I'm about to go out of town. Getting very close, though my net worth keeps vacillating with the market. I'm not convinced I'll stay above the threshold once I reach it...

Got back from my trip, and opened Personal Capital to see a net worth of $100,555.32. Wow.

The number isn't really real because I owe my wife for my half of July rent and our vacation expenses, but I still wanted to mark the moment. We'll see if I can get it back up again by 8/1.

CanadianTeacher

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Re: Race from 10 to 100k!!
« Reply #2509 on: July 10, 2019, 01:52:04 PM »
Just graduated from the 50k thread, figured I'd join this one. My savings journey after graduating from university started at about 10k, so this thread is appropriate. Here's my recorded history:

January 2018: $18,944.35
February 2018: $22,047.46
March 2018: $23,463.61
April 2018: $24,224.19
May 2018: $26,173
Jun 2018: $29,519.62

October 2018: $29,676.50
November 2018: $32,923.90
December 2018: $34,394.85
January 2019: $39,825.43
February 2019" $43,508.66
April 2019: $48,394.91
July 2019: $65,536.55 (+$17,141.64)

The reason fro the big jump during the last three months is because as a teacher, a portion of my paycheque is withheld each month. This was all paid out to me at the beginning of July. Essentially I got three paycheques at once (June, July, and August). But this also means I won't be getting my next paycheque until the end of September. It was a tough year, so I do plan on using some of this money to vacation, but I don't expect to fall below $58,000 before my September paycheque. I also have small amounts of money trickling in from side hustles.

Goal is to each $100,000 by Summer 2020. A good chunk of this will be used as a downpayment, but I won't be purchasing until 2021 at the earliest.

catorbe

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Re: Race from 10 to 100k!!
« Reply #2510 on: July 10, 2019, 03:53:44 PM »
Just graduated from the 50k thread, figured I'd join this one. My savings journey after graduating from university started at about 10k, so this thread is appropriate. Here's my recorded history:

January 2018: $18,944.35
February 2018: $22,047.46
March 2018: $23,463.61
April 2018: $24,224.19
May 2018: $26,173
Jun 2018: $29,519.62

October 2018: $29,676.50
November 2018: $32,923.90
December 2018: $34,394.85
January 2019: $39,825.43
February 2019" $43,508.66
April 2019: $48,394.91
July 2019: $65,536.55 (+$17,141.64)

The reason fro the big jump during the last three months is because as a teacher, a portion of my paycheque is withheld each month. This was all paid out to me at the beginning of July. Essentially I got three paycheques at once (June, July, and August). But this also means I won't be getting my next paycheque until the end of September. It was a tough year, so I do plan on using some of this money to vacation, but I don't expect to fall below $58,000 before my September paycheque. I also have small amounts of money trickling in from side hustles.

Goal is to each $100,000 by Summer 2020. A good chunk of this will be used as a downpayment, but I won't be purchasing until 2021 at the earliest.

Welcome to the thread, just to clarify, this is a thread for net worth of 10k >>> 100k. This is not the save as that $50k thread where the goal was to save $50k period. So unless you're debt free you might have to adjust your numbers if you're trying to remain accurate to the thread. Also might want to consider what else might affect your net worth in terms of other assets (retirement, hsa, etc) besides your savings account.

CanadianTeacher

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Re: Race from 10 to 100k!!
« Reply #2511 on: July 10, 2019, 04:34:30 PM »
Ah, okay. I have no debt, but I also don't own a home. My car is a 1997 Chevy that I paid $900. Runs good, but don't know if I'd be able to sell it, so won't count that! I have lots of high priced kitchen gear, which would go for high dollar on the resale market, but I won't count those either as they are too easy to inflate.

I have two defined pension accounts. 1 of them I'm vested in but have only made around $6,000 in contributions. Since it's defined benefit, it's hard to figure out a value. There is a commuted value if I ever wanted to take it, but I have no idea what it would be. So let's say $3000 to be on the safe side.

The other pension account, I'm not vested in. I've made $7,678.96‬ in contributions. Since I'm not vested, the agreement is that I can take back all my contributions if I were to ever leave the career before being vested (another 4 more years worth of employment). So I can count that entire amount.

$65,536.55 + $7,678.96 + $3,000 = ‬ $76,215.51

I'm closer than I thought I was :)

CanadianTeacher

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Re: Race from 10 to 100k!!
« Reply #2512 on: July 10, 2019, 04:59:47 PM »
Just contacted my former pension plan. Commuted value is difficult to calculate and I'll get a figure in six months. But I was assured I will get at least my contributions + interest, so: $6,826.01

So my current net worth:
$65,536.55 + $7,678.96 + $6,826.01 = ‬ $80,041.52‬  Woot!


catorbe

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Re: Race from 10 to 100k!!
« Reply #2513 on: July 11, 2019, 12:19:05 AM »
Just contacted my former pension plan. Commuted value is difficult to calculate and I'll get a figure in six months. But I was assured I will get at least my contributions + interest, so: $6,826.01

So my current net worth:
$65,536.55 + $7,678.96 + $6,826.01 = ‬ $80,041.52‬  Woot!

Now as fun as that exercise was, I'm going to retract my own statement a little and say that generally there are things, completely up to your discretion, that are indeed better off excluded. I think an easy example is like an apartment deposit, you know it's your money technically, but it could go away depending on certain factors. So remember that a bird in hand is worth more than 2 in the bush and just be realistic with what you have, will have, and might not actually have for a long period or ever.

In your case it seems those things you mentioned are included/excluded accordingly:)

fluffmuffin

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Re: Race from 10 to 100k!!
« Reply #2514 on: July 12, 2019, 07:11:28 AM »
March 14, 2019: 91,383.01
March 22, 2019: 96,571.66
April 12, 2019: 99,627.63
April 19, 2019: 100,517.92
May 3, 2019: 100,567.21
May 20, 2019: 98,698.52
July 1, 2019: 97,874.14

July 12, 2019: 99,582.15

Kind of side-eyeing this, because I feel like I have to missing something. But if I am I can't find it.

My work has a wellness rewards program where you can do stuff to get Amazon gift cards: an annual wellness check, a month-long fitness challenge, etc. They also have online learning modules. I signed up for one on growing an emergency fund back in September, figuring I'd eyeroll my way through it as a Moderately Frugal Person with a pre-existing e-fund, and cash in my $50 without doing anything I wouldn't have been doing already. And damned if it didn't actually end up being helpful--I've never been that big on automated transfers, but it made me automate an additional savings stream that FOR SURE helped me through the financial carnage of 2019. I just completed the last challenge step, so now I'm up a few hundred dollars in savings AND $50 for Amazon. Win-win.

kaposzta

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Re: Race from 10 to 100k!!
« Reply #2515 on: July 12, 2019, 08:09:41 AM »
I'm in!

July 12, 2019: $66,565

It took me 11 years to get there.
I live in Hungary, so my salary (~$1.5k/month net including yearly bonus and benefits) is quite low compared to the US ones :)

CrabboStache

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Re: Race from 10 to 100k!!
« Reply #2516 on: July 13, 2019, 10:41:50 AM »
Long-time lurker, first post!

Usually track my net worth quarterly, but may start doing it more often.

4/1/18 - 8,288.95
11/14/18 - 17,977.82
3/30/19 - 24,649.79
7/1/19 - 29,604.18

I count cash, checking account, savings accounts, Roth IRA, 401h, 457, and HSA balance. I also throw $3000 in for the value of my car. KBB gave me that value, I somewhat doubt I could fetch that for it - but it's good enough for me in regards to this exercise. I also have a defined benefit pension plan through my work, but I do not count any of it's value towards my net worth as it's difficult to translate current value vs. potential value. Carry no debt of any sort at the moment.

Trifele

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Re: Race from 10 to 100k!!
« Reply #2517 on: July 13, 2019, 11:29:14 AM »
Welcome @CrabboStache and @kaposzta!  You picked a great first thread to post in CrabboStache, and kaposzta it took me about 13 years to get to 100k so no worries.  You're both doing great!

adamsputnik

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Re: Race from 10 to 100k!!
« Reply #2518 on: July 15, 2019, 12:32:30 PM »
1/18/18 - 18,350.00
3/15/18 - 20,267.70
5/17/18 - 19,930.00
8/31/18 - 25,908.00
9/21/18 - 28,115.00
11/30/18 - 29,835.00
12/14/18 - 30,879.00
12/31/18 - 30,072.00
1/15/19 - 32,774.00
1/31/19 - 34,776.00
3/13/19 - 36,967.00
4/5/19 - 39,465.00
5/3/19 - 41,790.00
6/7/19 - 44,852.00
7/12/19 - 48,436.00

Getting close to halfway!


jps

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Re: Race from 10 to 100k!!
« Reply #2519 on: July 15, 2019, 12:38:25 PM »
We just hit $51K in invested assets! Very excited to be more than halfway. We're not moving as quickly as some others here, but I hope to be finished by end of 2020!