Author Topic: Race from 10 to 100k!!  (Read 180102 times)

SpareChange

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Re: Race from 10 too 100k!!
« Reply #550 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!

Runningtuff

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Re: Race from 10 too 100k!!
« Reply #551 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.

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #552 on: July 24, 2015, 10:25:12 PM »


Paid off my student loan this month

Congratulations!!

Sent from my Nexus 6 using Tapatalk


markbike528CBX

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Re: Race from 10 too 100k!!
« Reply #553 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!

JLee

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Re: Race from 10 too 100k!!
« Reply #554 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!

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #555 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!
« Last Edit: July 30, 2015, 02:53:49 PM by tarheeldan »

FrugalShrew

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Re: Race from 10 too 100k!!
« Reply #556 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.

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #557 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.

FrugalShrew

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Re: Race from 10 too 100k!!
« Reply #558 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. 

Pooplips

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Re: Race from 10 too 100k!!
« Reply #559 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.

JLee

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Re: Race from 10 too 100k!!
« Reply #560 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!

ohyonghao

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Re: Race from 10 too 100k!!
« Reply #561 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.

Eristheunorganized

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Re: Race from 10 too 100k!!
« Reply #562 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.

bokonon

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Re: Race from 10 too 100k!!
« Reply #563 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!


tarheeldan

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Re: Race from 10 too 100k!!
« Reply #564 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

fb132

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Re: Race from 10 too 100k!!
« Reply #565 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$ :)
« Last Edit: August 01, 2015, 06:50:38 AM by fb132 »

Pooperman

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Re: Race from 10 too 100k!!
« Reply #566 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.

starterstache

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Re: Race from 10 too 100k!!
« Reply #567 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 :)

johnny847

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Re: Race from 10 too 100k!!
« Reply #568 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!

SpareChange

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Re: Race from 10 too 100k!!
« Reply #569 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.


Eristheunorganized

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Re: Race from 10 too 100k!!
« Reply #570 on: August 01, 2015, 08:37:47 PM »
Congratulations everybody!

CanIndian

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Re: Race from 10 too 100k!!
« Reply #571 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

psinguine

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Re: Race from 10 too 100k!!
« Reply #572 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.

zinny1

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Re: Race from 10 too 100k!!
« Reply #573 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!

Pooplips

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Re: Race from 10 too 100k!!
« Reply #574 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

neo von retorch

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Re: Race from 10 to 100k!!
« Reply #575 on: August 04, 2015, 02:55:49 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!

johnny847

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Re: Race from 10 to 100k!!
« Reply #576 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?

neo von retorch

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Re: Race from 10 too 100k!!
« Reply #577 on: August 04, 2015, 03:16:40 PM »
This July, I gave in to temptation and bought a car from my credit union's repossession auction (for $4k under KBB).

Can't you just turn that around and sell it for ~$4k profit?

That is something that is possible - well not $4k. Tax alone was $900. But I bought the car because I really wanted it. And it actually makes a big difference to me - my experience driving each day. It's a trade-off, of course. For the moment, I am valuing the car above absolute frugality. But I plan to take care of it and keep the miles low and maintain as much of its value as I can.

JLee

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Re: Race from 10 too 100k!!
« Reply #578 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!

FrugalShrew

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Re: Race from 10 too 100k!!
« Reply #579 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

MEJG

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Re: Race from 10 too 100k!!
« Reply #580 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 :)

ohyonghao

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Re: Race from 10 too 100k!!
« Reply #581 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.

kpd905

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Re: Race from 10 too 100k!!
« Reply #582 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.
Pay rent, student loans, mortgage with a credit card: https://try.plastiq.com/264149
Get $100 and 3% back on groceries w/ Amex Everyday: http://amex.co/2n31SLU

Woodro85

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Re: Race from 10 too 100k!!
« Reply #583 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

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #584 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!

fb132

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Re: Race from 10 too 100k!!
« Reply #585 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.
« Last Edit: August 14, 2015, 10:18:56 AM by fb132 »

Pooperman

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Re: Race from 10 too 100k!!
« Reply #586 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.

JLee

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Re: Race from 10 too 100k!!
« Reply #587 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...

TonyPlush

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Re: Race from 10 too 100k!!
« Reply #588 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.

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #589 on: August 17, 2015, 09:02:04 AM »
Congratulations, TonyPlush!!

fb132

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Re: Race from 10 too 100k!!
« Reply #590 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.

FrugalShrew

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Re: Race from 10 too 100k!!
« Reply #591 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!! :)

jooles

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Re: Race from 10 too 100k!!
« Reply #592 on: August 17, 2015, 11:58:20 AM »
Added 1k to the savings this week.

celticmyst08

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Re: Race from 10 too 100k!!
« Reply #593 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.)
Goal: FIRE by 2026
My Journal

Pooperman

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Re: Race from 10 too 100k!!
« Reply #594 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!

FIPurpose

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Re: Race from 10 too 100k!!
« Reply #595 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!
We have received an offer to join the Peace Corps, and will be heading out in the second half of 2017. We'll be writing a newsletter to send out when we can here:
Our Peace Corps News Letter

SpareChange

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Re: Race from 10 too 100k!!
« Reply #596 on: August 18, 2015, 11:27:22 AM »
Good job, TonyPlush and Flyingcircle!!!

ranchingretirement

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Re: Race from 10 too 100k!!
« Reply #597 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!

celticmyst08

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Re: Race from 10 too 100k!!
« Reply #598 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
Goal: FIRE by 2026
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fb132

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Re: Race from 10 too 100k!!
« Reply #599 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.