Race from 100 to 250k

[gecko10x]

Jumping the gun just a touch to add July numbers:

Jan 2015: $156k
Feb 2015: $160k
Mar 2015: $179k
Apr 2015: $183k
May 2015: $186k
Jun 2015: $189k
July 2015: $195k

[northernlights]

Net worth January 1, 2013: -$27403.02
Net worth January 1, 2014: -$2417.15
Net worth January 1, 2015: $41,088.28
Net worth July 31, 2015: $103347.17

I am stupid excited to be in this thread.

[BBub]

Congrats on breaking $100 Northernlights!  You are kicking some serious ass.

[northernlights]

Congrats on breaking $100 Northernlights!  You are kicking some serious ass.

Thanks! I got a huge promotion in 2014 which definitely helped, as did my husband, who is both Mustachian by nature (unlike my spendypants self) and kicking ass in his business. Our goal is to be FI by the time I turn 40 (8 years) and then we'll see if we're ready to RE.

[retireatbirth]

June 2015: $120,300
July 2015: $120,800
August 2015: $125,300

Kinda disappointed in my progress. Could really use a boost from the markets.

[ohyonghao]

June 2015: $120,300
July 2015: $120,800
August 2015: $125,300

Kinda disappointed in my progress. Could really use a boost from the markets.

I like seeing a dip at the end of the month, it's like stocks are going on sale just before I buy :-D, but I do like seeing a general upwards trend overall.

My own numbers are in now:
May 2015:  $100,323.89
June 2015: $106,433.29
July 2015: $114,450.69

A rise of $8,017.40.  Stocks did alright this month and the new 401k seems to be working well, adding an extra $800/mo and this month being a 5th paycheck month helped bolster our networth.  Wish I could keep up this pace, but I'm sure my house will stop appreciating soon, though it's still $30k under what it originally sold for in 2006, and $17k under the last sold comparable in our neighborhood.

[bokonon]

I am excited to join in on this race!  Just graduated from the $100k race in July with $105,772.

We need to find the wizard who made the google docs sheet for the $100k race and get them to hook us up!  The google dock is a great fun way to keep track of your net worth over time and motivational!

A straight line graph says I should cross $250k in September 2017.  Between now and then I will be buying a house (currently hoarding cash for a down payment) and who knows what the market will do, so we shall see!

[JustGettingStarted1980]

I've been following, might as well follow:

Jan-12      $-190,914.14
Jan-13      $-84,421.72
Jan-14      $9,740.26
Jan-15   $109,406.95
April-15   $133,400.00
July-15   $179,961.40

At this rate, looking at January-April 2016 to hit 250K.

[Guava]

$121,874.

Down $3,400 due to tuition and the start of a remodel.  I expect to go down again in August too.

[oinkette]

July 1- $125,957.81
Aug 3-$$127,830.39

[FIreDrill]

Jan 1, 2015:     $113,226
Feb 1, 2015:     $120,796
March 1,2015:  $125,852
April 1,2015:    $134,096
May 1,2015:     $147,916
June 1,2015:    $152,000
July 1, 2015:    $155,000
Aug 1, 2015:    $159,000


The accumulation has slowed down recently but its still slowly rising.  I should have better months towards the end of the year due to bonuses and other events.

[zephyr911]

Just found out this thread and curious. How are you all increasing the NW by 30-40K in 6mos.

I'm not in the contest (already at 250k) but I crossed most of the range in question at that same approximate speed, and your guesses are on the right track. I take home 80+ and have steadily reduced expenses over a period of years. But don't forget investment returns (the reason why we do this)! A hot month in the market can easily add $10K when you have six figures invested.

[ashwihi]

Alright, let's do it!

I'm using the net worth figures from Mint, which includes real-estate, retirement, cash and all debts big and small:

August, 2015 : $107,690.14
September, 2015: $124,069.19
October, 2015: $128,094.34
November, 2015: $137,287.62

Oct Notes: I know I can, I know I can, I know I can...

[Uncle Scrooge]

Net worth:

Jan 1, 2015:     $110,000
Feb 1, 2015:     $114,700
March 1,2015:  $119,400
April 1,2015:     $132,700
May 1,2015:     $138,000
June 1,2015:    $140,600
July 1,2015:     $139,600
August 1,2015 $130,700


Well, we now have had two bad months in a row. We needed some work done around the house and we've put it off for too long as it is. Then, towards the end of the month, our old, high mileage car finally died. We decided to get a nice, shiny new car. We could have been moustachian about it, but we said to hell with it.

We should get back on track in August. Onward and upward!

[Wads]

Net Worth                 
 2/1/15- $184,568           
 3/1/15- $195,888           
 4/1/15- $198,602           
 5/1/15- $209,565           
 6/1/15- $223,876           
 7/1/15-  $232,773         
 8/1/15-  $232,675         

Damn! First negative month this year.

[Andrew928]

Damnnnnn guys, I'm Jelly

[codemonkey]

Net Worth                 
 2/1/15- $184,568           
 3/1/15- $195,888           
 4/1/15- $198,602           
 5/1/15- $209,565           
 6/1/15- $223,876           
 7/1/15-  $232,773         
 8/1/15-  $232,675         

Damn! First negative month this year.

July was not super kind to our portfolio either.

[TonyPlush]

In on this challenge.

January 30, 2015: $85K
Today: $104K

At my current salary and living arrangements, a conservative estimate says I can save about $30K savings per year. So it may take me a little while to complete this challenge.

[ohyonghao]

In on this challenge.

January 30, 2015: $85K
Today: $104K

At my current salary and living arrangements, a conservative estimate says I can save about $30K savings per year. So it may take me a little while to complete this challenge.

Congratulations on breaking $100k!  I find it's exciting once you hit the $100k mark, and you can really start to see the snowball affect of compound interest.  You may conservatively add $30k in savings, but remember those other 100k workers out there helping you add another $10k.

[Bolshevik Artizan]

dumb question sorry is this $250000 in cash savings or total net worth?

[jooles]

We have a goal to get our AGI under $61k to reap the savers tax credit, which means we need to utilize our retirement savings a bit more.

What is the savers tax credit?

[StartingEarly]

You get up to a thousand dollars (two thousand for married filing jointly) for saving a certain amount of money with an AGI below a threshold. It's pretty good stuff if your income is low enough or you are an independent contractor who can shovel a lot of money into a 401k to reduce their AGI.

[zephyr911]

Net Worth                 
 2/1/15- $184,568           
 3/1/15- $195,888           
 4/1/15- $198,602           
 5/1/15- $209,565           
 6/1/15- $223,876           
 7/1/15-  $232,773         
 8/1/15-  $232,675         

Damn! First negative month this year.

No shit. I may be under 250 again.

In on this challenge.

January 30, 2015: $85K
Today: $104K

At my current salary and living arrangements, a conservative estimate says I can save about $30K savings per year. So it may take me a little while to complete this challenge.

Every year should be better than the last. Compounding. :)

[Uncle Scrooge]

dumb question sorry is this $250000 in cash savings or total net worth?

Net worth

[PFHC]

This post is an inspiration! You all rock!

We have made some fun gains in the past four years. Started with -$163,000 in 2011. We are now at:

Aug 2015: $133,000.

[zephyr911]

Got-dam it, I'm under 250K after the last week in the market. *thumbs nose @ DJIA*

Oh well, I just surpassed $1K/wk savings. Fuck yeah.

[Teacherstache]

Hi! First post in this thread. I'm hoping that posting here encourages me even more.

January 2015 = $138,250
August 2015 = $162,400

This does not count the value of our vehicles. That would add another 40,000 ($10,000 of which is a collector's sports car - I debated adding that one in since it is an appreciating asset.)

This does count the refundable employee contribution portion of our pensions, but not what they are worth in retirement.  If we both quit work tomorrow, we could cash out $50,000 immediately and void the pensions, so I included this amount.

This holds the value of our house consistent from the beginning of the year, even though that has not been the case on Zillow. It says we are up $10,000 from January, but I don't believe that and am not counting the increase.

We are averaging about a $3,000/month increase. Slow but steady!

[ohyonghao]

Numbers are now in:
May 2015:  $100,323.89
June 2015: $106,433.29
July 2015: $114,450.69
August 2015: $118,018.27

A little disappointed this month, but excited about the sale.  Sadly it seems to have recovered mostly, I should had moved our monthly transactions up as soon as it fell on Friday or Monday, oh well, there's always next cycle.

Despite all of that, and a cooling real estate season, we are still up $3600 for the month.  This was our first real test of the market, but as stocks started going down our reaction was a little sad, but at the same time wishing we had more money to throw at it.

[oinkette]

July 1- $125,957.81
Aug 3- $127,830.39
Sep 1- $126,775.24 (boo!)

It has been going down most of the day today.  Looks like my plans to break $150K by years end have met a wee little obsticle.  But on the bright side I have more shares than last month!

[2Birds1Stone]

I'm absolutely in!

Investable Assets are right at $99-100k as of this month. Net worth is ~20k higher.

Investable assets up to ~$109k as of yesterday, NW ~$120k

Slower than I would have liked

[gecko10x]

Jan 2015: $156k
Feb 2015: $160k
Mar 2015: $179k
Apr 2015: $183k
May 2015: $186k
Jun 2015: $189k
July 2015: $195k
Aug 2015: $198k

It would have been much lower if I hadn't had a bunch of un-booked market gains. I plan to record the adjustments monthly now, so my progress will likely be a bit more volatile going forward.

[Prairie Gal]

I can only save about $1500/month, so it is going to take me forever to reach $250K, but I'd like to post here anyway in hopes that it will spur me on to do better. This will just be cash and investments as I own my home outright.

September 1, 2015    $100,370

[ender]

We dropped about 10k last month, at this rate going to make this race a bit harder ;)

Should pick up a bunch of cash the next four months though.

[tomatoprincess]

Late to the party, but hoping this could motivate me to save more as I've been slacking.

Jan 2015:  $155,423.35
Feb 2015:  $162,621.85
Mar 2015:  $170,504.78
Apr 2015:  $175,411.25
May 2015:  $178,730.79
Jun 2015:  $185,369.00
Jul 2015:  $188,989.17
Aug 2015:  $189,768.06

Hoping to hit 200k by the end of the year, but I will soon be unemployed end of October...so we shall see!

[FIreDrill]

This is our first month in over 2 years where our NW has ended up lower than the previous month.


Jan 2015:        $113,226
Feb 2015:        $120,796
March 2015:    $125,852
April 2015:       $134,096
May 2015:        $147,916
June 2015:       $151,413
July 2015:        $159,678
August 2015:   $152,854

[SeattleStache]

I'll join! I'm focusing on retirement related investments only and this doesn't include my home or other assets:

January 2015: $98,619
February 2015: $102,414
March 2015: $104,001
April 2015: $106,458
May 2015: $106,866
June 2015: $107,133
July 2015: $107,090
August 2015: $102,260

(Overall NW = $178,748)

Haven't made too much movement with the way the market has been lately and with me scaling back contributions temporarily due to some unexpected expenses.  I'll increase contributions again by the end of October.

[etotheix]

Pretty close to the upper limit, but the way the market seem to be headed it could take a while to break the $250k ceiling...  I just switched to maxing out my 401k contribution (25%) for the rest of the year, so hopefully I can make a little progress despite the "headwinds." (or long term tailwind!)

$225k NW as of September 1, 2015

[ohyonghao]

Pretty close to the upper limit, but the way the market seem to be headed it could take a while to break the $250k ceiling...  I just switched to maxing out my 401k contribution (25%) for the rest of the year, so hopefully I can make a little progress despite the "headwinds." (or long term tailwind!)

$225k NW as of September 1, 2015

Great to have you here!  Doesn't matter how far along on this journey we are.  The last couple months the only forward momentum I've had is my house and the sheer amount that I set aside each month.  Often it feels like the machine is just eating anything I through in it.  And to think I was worried about missing out on the recent sales.

[VTD0918]

I would like to join this thread...

$110k NW as of September 30, 2015. Hopefully, my goal is to hit the $250k target by the end of 2017. I don't own a home so the amounts posted here are from my taxable and tax deferred accounts plus my contributions (so far $18k) to my pension as a state employee.

[codemonkey]

I would like to join this thread...

$110k NW as of September 30, 2015. Hopefully, my goal is to hit the $250k target by the end of 2017. I don't own a home so the amounts posted here are from my taxable and tax deferred accounts plus my contributions (so far $18k) to my pension as a state employee.

I'm a couple thousand ahead of you and I'm also targeting the end of 2017 to finally cross the 250k mark in investment accounts.  Welcome to the thread!

[ohyonghao]

Numbers are now in:
May 2015:  $100,323.89
June 2015: $106,433.29
July 2015: $114,450.69
August 2015: $118,018.27
September 2015: $121,664.35

The upwards momentum has been slightly stunted due to market woes, but it just means more stuff on sale!  At least I've lost less than what I've put in each month, so it's overall a positive, but of resent months it is the lowest amount I have seen.

This month we have applied to have our PMI removed from our mortgage, less than 6 months after refinancing, as we have now dropped below 80%.  Hopefully starting next month, but perhaps starting in November due to paying in arrears, we'll be saving $27.80 a month :-D

In other news Taiwan has a report showing that annual living costs are at $607/mo/person, which puts us at needing only an income of $1214/mo to retire.  That includes housing, which we wouldn't have to pay for since we would be living with her parents and sisters, other shared expenses should be lower too, but keeping with the average we should have a nice buffer.

Edit: Forgot to update my house equity and just realized that today

[Prairie Gal]

Cash & Investments   House Net Worth         
Sept   100,370   250,000   350,370
Oct   101,552   250,000   351,552

It's times like this, when the market is dipping, that I am glad I am conservative and have some money in cash and GIC's. When the market is skyrocketing, then it is not so much fun.

[Uncle Scrooge]

Jan 1, 2015:     $110,000
Feb 1, 2015:     $114,700
March 1,2015:  $119,400
April 1,2015:     $132,700
May 1,2015:     $138,000
June 1,2015:    $140,600
July 1,2015:     $139,600
August 1,2015 $130,700
Sept 1, 2015   $130,240
Oct 1, 2015     $129,050


Gotta love that market.

[BBub]

I'll join!  Tracking liquid investments only:

Jun 2014: $100k
Sep 2014: $130k
Dec 2014: $155k
Mar 2015: $186k
Jun 2015: $219k

Hopefully will break $250 by end of 3rd quarter!  If so, total time will have been 15 months.

Sep 2015: $224k

Ditto, Uncle Scrooge.

[zephyr911]

Fuck-TASTIC shitnuggets!

I check NW every now and then but only log it quarterly.

3/25/15: $238,399
6/24/15: $239,882
9/30/15: $221,097

Despite increasing SR the entire time and adding over $15K. *headdesk*

Fuck it, time to double down. Stocktober will see $5K in new TSP shares and plenty of continued debt reduction. Middle finger in the air to the sucka treadmill.

[Jon_Snow]

Reading this thread makes me feel like a proud papa.

[gecko10x]

Jan 2015: $156k
Feb 2015: $160k
Mar 2015: $179k
Apr 2015: $183k
May 2015: $186k
Jun 2015: $189k
July 2015: $195k
Aug 2015: $198k
Sept 2015: $202k

[YoungGranny]

Just crossed into the territory and going to start posting to hold myself accountable. I'm new to the mustachian ways but trying to save more and learn as I go!

Sept 1: $81,575
Oct 1: $100,687

Odd month since I had a big bump to home equity. Hoping to save around $30,000 per year. Excited to get started :)

[etotheix]

$225k NW as of September 1, 2015
$223k NW as of October 1, 2015

... Eventually she'll turn around.

[PFHC]

This post is an inspiration! You all rock!

We have made some fun gains in the past four years. Started with -$163,000 in 2011. We are now at:

Aug 2015: $133,000.

I changed up my house value on Mint to make this more accurate. For some reason, the Zestimate value of my house swings wildly, sometimes as much a $15k/wk. So, I put in a solid value of what it is realistically worth. After redoing my entryway, I plan to have it appraised so as to get rid of PMI (gross, I know). If the value changes, I'll note it here.

Sept 30, 2015: $147,097

As a note, no I did not add $14,000 in one month, the change in value reflects the correction for my house value.

I thought I'd add my net worth growth from the 1st of each month for the last 2.25 years.

Jun-13    $1,947.44
Jul-13    $3,733.52
Aug-13    $6,321.60
Sep-13    $8,983.74
Oct-13    $11,676.68
Nov-13    $14,305.93
Dec-13    $16,872.05
Jan-14    $19,701.18
Feb-14    $22,927.07
Mar-14    $25,475.76
Apr-14    $28,150.42
May-14    $31,147.07
Jun-14    $56,969.80
Jul-14    $67,896.24
Aug-14    $70,438.74
Sep-14    $72,584.03
Oct-14    $85,867.88
Nov-14    $89,257.31
Dec-14    $91,670.84
Jan-15    $95,212.55
Feb-15    $99,718.31
Mar-15    $102,037.35
Apr-15    $105,106.52
May-15    $107,645.84
Jun-15    $113,805.38
Jul-15    $125,572.50
Aug-15    $134,237.63
Sep-15    $136,280.99