Author Topic: Race from 250 to 500k!  (Read 108590 times)

kaypinkHH

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Re: Race from 250 to 500k!
« Reply #750 on: August 04, 2017, 12:45:39 PM »

                    Investments/Cash/Assets     House*    House Appreciation    Total
August 2014              30k                        100k              0k                      130k     
August 2015               ???                        100k             ???                  More than 130k
August 2016               65k                       120k           ~60k                      245k
August 2017              250k                      130k           ~338k                    718k

Just looking at investments, math tells we will hit the 500k mark in ~3 years. We are working on uping our savings rate to speed that up. 

We may have some big life changes coming up (moving from a VHCOL city to a MCOL city), which will liquidate some of that stupid housing money. (Or the bubble is bursting and we will LOSE IT ALL. Any guesses what city i'm living in :D)


tyort1

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Re: Race from 250 to 500k!
« Reply #751 on: August 04, 2017, 01:21:43 PM »
Liquid net worth hit $330,000 today.  Don't know why, but that feels kind of awesome.

Once we hit $350,000 we'll have more in liquid savings (and retirement accounts) than we owe on our mortgage.  That will be an awesome day when it happens. 
Frugalite in training.

2Birds1Stone

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Re: Race from 250 to 500k!
« Reply #752 on: August 04, 2017, 07:05:41 PM »

Reasonable month. No investment gains logged in off months, but lowest pet costs in a while, got paid back for electronics I sold to a family member. Had to refill my escrow for insurance after changing providers, but still overall a healthy month. Looking forward to $400k!

We are still neck and neck my friend!
"A small house can hold as much happiness as a big one." - Fortune Cookie

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https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/

CdnChris

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Re: Race from 250 to 500k!
« Reply #753 on: August 07, 2017, 01:11:45 PM »
  • February 1st: $271,698.51
  • March 1st: $298,326.11
  • April 1st: $307,087.83
  • May 1st: $321,801.45
  • June 1st: $315,121.88
  • July 31st: $320,849.33

Slight recovery in investments but mostly additional savings. Also, changed the reporting to the end of the month, I should have been doing that all along.

dandypandys

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Re: Race from 250 to 500k!
« Reply #754 on: August 09, 2017, 02:03:29 PM »

2017
Jan 1st: 252k
Feb 1st: 257k
Mar 1st: 269k    (4k back in taxes :)
April 1st: 273k
May 1st: $287 Net Worth 10k jump is our condo on zillow.
June 1st: $292
July 4th: $295
Aug 1st: $294k  Had to use 8k for new HVAC - now we need to build our savings account back up from zero! Surprised NW didn't go down more, maybe I have some things to reconcile still..

gmdv

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Re: Race from 250 to 500k!
« Reply #755 on: August 11, 2017, 02:40:35 PM »
I took a quick tally today and realized my net worth has passed the 250k mark. Time to aim for the next goal.

August 2017 - 295k

tightwaddy

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Re: Race from 250 to 500k!
« Reply #756 on: August 19, 2017, 08:36:15 AM »
Invested (& Liquid)
April 9, 2016:  $319,737
May 6, 2016: $325,093
June 8, 2016: $332,224
July 11, 2016:$337,287
August 8, 2016: $341,304
February 9, 2017: $361,822
March 11, 2017: $368,914
April 16, 2017: $379,833
May 10, 2017: $390,728
June 13, 2017: $401,930
July 12, 2017: $410,646
August 19, 2017: $422,663

Original goal date was 12/18 but at current rate should be there by next mid-year.

tyort1

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Re: Race from 250 to 500k!
« Reply #757 on: August 19, 2017, 09:34:06 AM »

2017
Jan 1st: 252k
Feb 1st: 257k
Mar 1st: 269k    (4k back in taxes :)
April 1st: 273k
May 1st: $287 Net Worth 10k jump is our condo on zillow.
June 1st: $292
July 4th: $295
Aug 1st: $294k  Had to use 8k for new HVAC - now we need to build our savings account back up from zero! Surprised NW didn't go down more, maybe I have some things to reconcile still..

We also had large expenses over the past couple of months.  Mostly it just sucked up our cashflow during that time.  Net worth still went up, in spite of that.  Crazy!
Frugalite in training.

SAfAmBrit

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Re: Race from 250 to 500k!
« Reply #758 on: August 30, 2017, 07:12:36 AM »
Hoping to be at $500,000 in 08/2018.

July 2016 - $257,306
August 2016 - $264,625
September 2016 - $270,695
October 2016 - $283528
November 2016 - $291396
December 2016 - $295603
January 2017 - $303,195
March 2017 - $333,323
April 2017 - $340,884
May 2017 - $346,568
June 2017 - $357,230
July 2017 - $365,912
August 2017 - $370,689 (Well this will not work - bad month i guess!)

Hoping for $400,000 by December 2017. Steadily onward.

RWD

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Re: Race from 250 to 500k!
« Reply #759 on: August 30, 2017, 07:42:29 AM »
Hoping to be at $500,000 in 08/2018.

July 2016 - $257,306
August 2016 - $264,625
September 2016 - $270,695
October 2016 - $283528
November 2016 - $291396
December 2016 - $295603
January 2017 - $303,195
March 2017 - $333,323
April 2017 - $340,884
May 2017 - $346,568
June 2017 - $357,230
July 2017 - $365,912
August 2017 - $370,689 (Well this will not work - bad month i guess!)

Hoping for $400,000 by December 2017. Steadily onward.

Yeah, darn. You only saved ~$5k last month. And $100k+ over the last year. Looks like good progress to me.

chasingthegoodlife

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Re: Race from 250 to 500k!
« Reply #760 on: August 30, 2017, 04:01:52 PM »
I want to join this race but I'm nervous about posting my numbers on the internet.

Did anyone else feel this way? How did you convince yourself?

martyconlonontherun

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Re: Race from 250 to 500k!
« Reply #761 on: August 30, 2017, 04:12:48 PM »
I want to join this race but I'm nervous about posting my numbers on the internet.

Did anyone else feel this way? How did you convince yourself?

Did you give off any identifying information in this thread or your sign up? I really don't know how someone could attack you by just knowing a NW and having zero way of knowing whether that is tied to specific assets or accounts. I would be way more concerned with using google docs, excel or mint to track my networth as account information is posted.

jpeizie

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Re: Race from 250 to 500k!
« Reply #762 on: August 31, 2017, 10:53:25 AM »
Just crossed $250k in June, so I'm in! Found MMM in mid-2015 and started tracking our finances in Dec of that year...

Dec 2015: $177k

Jun 2016: $210k (crossed $200k mark for the first time)

Jun 2017: $251k

July 2017: $256k

August 2017: $261k. Woohoo!

skip207

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Re: Race from 250 to 500k!
« Reply #763 on: August 31, 2017, 01:44:17 PM »
1/1/16 = £288,240
1/1/17 = £374,668
1/2/17 = £388,289
1/3/17 = £386,895
1/4/17 = £400,066
1/5/17 = £411,208
1/6/17 = £421,032
1/7/17 = £425,821
1/8/17 = £434,537
1/9/17 = £441,247

garth

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Re: Race from 250 to 500k!
« Reply #764 on: August 31, 2017, 01:58:03 PM »
Getting closer. Our $150k increase in the last year just seems unreal.

Spouse and I both made moves to increase future income this month. She negotiated a 10% raise that starts Sept 1 and I picked up an online course that will bring in $15-$20k per year. Once I get my lectures recorded, the course will run mostly passively, so that's exciting.

Nov 15: $255k
Dec 15: $256k
Jan 16: $241k
Feb 16: $255k
Mar 16: $277k
Apr 16: $290k
May 16: $294k
Jun 16: $305k
Jul 16: $330k
Aug 16: $336k
Sept 16: $345k
Oct 16: $351k
Nov 16: $363k
Dec 16: $376k
Jan 17: $387k
Feb 17: $404k
Mar 17: $408k
Apr 17: $421k
May 17: $431k
Jun 17: $450k
Jul 17: $480k
Aug 17: $488k
« Last Edit: August 31, 2017, 01:59:38 PM by garth »

2Birds1Stone

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Re: Race from 250 to 500k!
« Reply #765 on: August 31, 2017, 03:21:35 PM »

1/1/2017 - $256,000
2/1/2017 - $265,000
3/1/2017 - $278,000
4/1/2017 - $282,000
5/1/2017 - $287,000
6/1/2017 - $304,000
7/1/2017 - $308,000
8/1/2017 - $313,000
9/1/2017 - $324,000

$396,000 combined with SO.


Good income month, good market gains.
"A small house can hold as much happiness as a big one." - Fortune Cookie

33 Months till FIRE - Stop by, or stay a while.....
https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/

Rowellen

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Re: Race from 250 to 500k!
« Reply #766 on: August 31, 2017, 09:14:04 PM »
Jan 2017 $368k
Feb 2017 $390k includes 20k windfall from an inheritance.
Mar 2017 $396k
Apr 2017 $398k
May 2017 $404k
June 2017 $408k
July 2017 $415k
Aug 2017 $423k

Sept 2017 $432k

Ladychips

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Re: Race from 250 to 500k!
« Reply #767 on: August 31, 2017, 09:29:17 PM »
1/17 - $352,398
5/17 - $378,770
6/17 - $401,823
7/17 - $425,070
8/17 - $428,620

No crazy growth this month... but growth nonetheless...

Sailor Sam

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Re: Race from 250 to 500k!
« Reply #768 on: August 31, 2017, 09:43:34 PM »
1-Jan-2011:  $82,795
1-Jan-2012:  $106,303
1-Jan-2013:  $147,328
1-Jan-2014:  $212,595
1-Jan-2015:  $264,308
1-Jan-2016:  $299,216

1-Jan-2017:  $371,623
1-Feb-2017:  $379,968
1-Mar-2017:  $402,448
1-Apr-2017:  $409,886
1-May-2017:  $416,851
1-Jun-2017:  $421,488
1-Jul-2017:  $430,504
1-Aug-2017: $441,599
1-Sep-2017: $451,138

Pretty flat all month, then today a big up tick, both in the market and because of payday. I'll take.

babystache89

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Re: Race from 250 to 500k!
« Reply #769 on: August 31, 2017, 09:46:31 PM »
Total NW:

9/1/16: $217,000
10/1/16: $220,000
11/1/16: $232,000
12/1/16: $234,500
1/1/17: $238,500
2/1/17: $245,000
3/1/17: $254,000
4/1/17: $252,000
5/7/17: $262,000
6/30/17: $271,000
9/1/17: $285,000

It's my 1 year tracking net worth anniversary and I'm up $68,000 (despite this being my most expensive year of life by a long shot)! :o
« Last Edit: August 31, 2017, 10:25:49 PM by babystache89 »

facepalm

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Re: Race from 250 to 500k!
« Reply #770 on: August 31, 2017, 11:52:06 PM »
Apr-17   255,873
May-17  263,835
Jun-17   268,100
Jul-17    273,100
Aug-17  276,800

Rough not seeing a check for one month, but I have plenty of cash on hand. I actually did ok. And I saw a raise.

I'm now setting aside around $5900 per month.



« Last Edit: September 25, 2017, 07:56:47 PM by facepalm »

Pizzabrewer

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Re: Race from 250 to 500k!
« Reply #771 on: September 01, 2017, 06:53:30 AM »
Jan 1:  $170,881  (start of tracking)
Feb 1:  $183,768 
Mar 1:  $197,020 
Apr 1:  $202,363 
May 1: $223,229
Jun 1:  $244,355
Jul 1:   $249,532 
graduated to this thread!
Aug 1:  $262,500
Sep 1:  $270,766

I certainly can't complain about a 3.1% jump in NW in a month.  We could have done (much) better with our savings rate but overall we did well.

We are just shy of being $100k up for the year.  Incredible.

MrsWolfeRN

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Re: Race from 250 to 500k!
« Reply #772 on: September 01, 2017, 07:14:10 AM »
2017
Jan 1: 236,254
Feb 1: 250,055
Mar 1: 262,196
Apr 1: 269,959
May 1: 282,665
Jun 1: 284,827
Jul 1: 292,037
Aug 1: 293,168

Sep 1: 297,483

So close to the 300k mark. (180k is investments) Savings rate should pick up steam once my teaching job starts again.

Happy Labor Day and Eid everyone!!!

JJsfr

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Re: Race from 250 to 500k!
« Reply #773 on: September 01, 2017, 09:36:07 AM »
Jan 2017  $275k
Feb 2017  $287k $???
Mar 2017 $276k
Apr 2017 $282k
May 2017 $287k
Jun 2017 $290k
Jul 2017 $304k

Aug 2017  $311k

It's really hard to believe we're up $36k YTD. We really focused on saving last year until it hurt. This year hasn't been as extreme due to focus on other life events, but it's really nice to know the habits developed over the last few years continue, even though it feels like we're spending "way way more," when in reality it's still not "that much."
« Last Edit: September 01, 2017, 10:29:48 AM by JJsfr »

neo von retorch

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Re: Race from 250 to 500k!
« Reply #774 on: September 01, 2017, 12:11:56 PM »
12/31/2015:     $245,147
1/31/2016:       $253,633
2/29/2016:       $265,274
3/31/2016:       $261,821
4/30/2016:       $273,255
5/31/2016:       $279,364
6/30/2016:       $287,929
7/31/2016:       $280,650
8/31/2016:       $292,791
9/30/2016:       $301,263
10/31/2016:     $300,583
11/30/2016:     $307,726
12/31/2016:     $319,285 (+11,559)
1/31/2017:       $326,030 (+6,745)
2/28/2017:       $334,870 (+8,840)
3/31/2017:       $350,826 (+15,956)
4/30/2017:       $353,693 (+2,867)
5/31/2017:       $359,361 (+5,668)
6/30/2017:       $366,395 (+7,034)
7/31/2017:        $371,986 (+5,591)
8/31/2017:    $377,400 (+5,414)

Paid big tax bill on rental and paid for upcoming travel costs. Otherwise not a bad month.

dandypandys

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Re: Race from 250 to 500k!
« Reply #775 on: September 01, 2017, 04:39:21 PM »
2017
Jan 1st: 252k
Feb 1st: 257k
Mar 1st: 269k    (4k back in taxes :)
April 1st: 273k
May 1st: $287 Net Worth 10k jump is our condo on zillow.
June 1st: $292
July 4th: $295
Aug 1st: $294k  Had to use 8k for new HVAC - now we need to build our savings account back up from zero! Surprised NW didn't go down more, maybe I have some things to reconcile still..
Sept 1st: $296  still going up even after our 8K down last month :) Hoping to see a bigger jump next month though
« Last Edit: September 01, 2017, 04:45:07 PM by dandypandys »

Res Ipsa

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Re: Race from 250 to 500k!
« Reply #776 on: September 01, 2017, 10:00:21 PM »
June 1, 2017: $349,328
July 1, 2017: $362,675
Aug. 1, 2017: $373,748
Sept. 1, 2017: $378,548

TheAnonOne

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Re: Race from 250 to 500k!
« Reply #777 on: September 01, 2017, 10:45:59 PM »
Coming back to update...

2015 DEC:252k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)

+$110k this year! Aiming, for just under 100k in any given year of savings. Though, I am really only tracking worth gains, not savings directly. (So it includes gains/losses in the market) Given 4 month(s) left, and (-10k) more to go, I hit this goal!

401k and both IRAs all maxed.

PS. In June I started getting paid once a month, at the end of the month, so in general I am counting a day or two into the next month so I get to include my paycheck (or doing an educated guess), otherwise, directly on the last day of the month it would look pretty sad!

WOOOO! HAPPY DANCE ON THE GOAL CROSS!

skcook

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Re: Race from 250 to 500k!
« Reply #778 on: September 04, 2017, 07:20:27 PM »
Woohoo, made it!

Sep 2017 - $538k
Aug 2017 - $497k
July 2017 - $483k
Jun 2017 - $479k
May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k

35k of the jump is adjusting upwards for home value, but even without it we'd have made it to $500k. Unbelievable to have made $200k of progress in a year, even if $100k is just pretend money (real estate in our neighborhood is just silly right now, my conservative estimate of home value increase isn't even close to what the internet/Zillow thinks it should be). Good luck to everyone here, and onward and upward we go to the next thread!

lostmonkey007

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Re: Race from 250 to 500k!
« Reply #779 on: September 04, 2017, 09:51:53 PM »
This thread is inspiring af...

Sep 2017 - $260k (+10k)
Aug 2017 - $250k

Per my current calculations, I'm aiming to hit that $500k mark in about 2 years time! Wish me luck! It's taken 6 working years post-undergrad to get here. Now 27. So prospect of doubling up in 1/3 that time is really exciting.
« Last Edit: September 04, 2017, 09:57:22 PM by lostmonkey007 »

Rowellen

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Re: Race from 250 to 500k!
« Reply #780 on: September 05, 2017, 01:19:50 AM »
Congrats skcook and TheAnonOne!

Welcome lostmonkey007.

lostmonkey007

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Re: Race from 250 to 500k!
« Reply #781 on: September 05, 2017, 09:11:33 AM »
Congrats skcook and TheAnonOne!

Welcome lostmonkey007.

Thanks, Rowellen =)

RWD

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Re: Race from 250 to 500k!
« Reply #782 on: September 05, 2017, 09:17:52 AM »

TheAnonOne

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Re: Race from 250 to 500k!
« Reply #783 on: September 05, 2017, 10:02:06 AM »
2017 AUG:478k(+14k)
We're neck and neck!

Woohoo, made it!
Congrats!

Yeah, at this rate, I can SEE the 500k line! With any luck, I might step foot on it in 2017 yet!

kapnfriday

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Re: Race from 250 to 500k!
« Reply #784 on: September 07, 2017, 07:23:28 AM »
8-2016: $369,217
9-2016: $373,735 (+$4.5k)
10-2016: $369,721 (-$4.0k)
11-2016: $385,057 (+$15.3k)
12-2016: $399,209 (+$14.1k)
1-2017: $408,813 (+$9.6k)
2-2017: $427,041 (+$18.2k)
3-2017: $425,204 (-$1.8k)
4-2017: $432,660 (+$7.4k)
5-2017: $439,707 (+7k)
6-2017: $445,394 (+5.6K)
7-2017: $456,502 (+11.1k!)
8-2017: $460,572 (+4k)

Moving in the right direction.
My mid-life journey to financial independence
https://www.thegrayingsaver.com/

RWD

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Re: Race from 250 to 500k!
« Reply #785 on: September 09, 2017, 07:13:22 AM »
12/1/2015 - 248k
6/1/2016 - 301k
10/1/2016 - 352k
3/1/2017 - 412k
7/1/2017 - 453k
8/1/2017 - 469k
9/1/2017 - 479k

I was going to wait for 500k to post again but I figured it's the final stretch, might as well follow it month to month.

tightwaddy

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Re: Race from 250 to 500k!
« Reply #786 on: September 10, 2017, 06:04:25 AM »
Invested (& Liquid)
April 9, 2016:  $319,737
May 6, 2016: $325,093
June 8, 2016: $332,224
July 11, 2016:$337,287
August 8, 2016: $341,304
February 9, 2017: $361,822
March 11, 2017: $368,914
April 16, 2017: $379,833
May 10, 2017: $390,728
June 13, 2017: $401,930
July 12, 2017: $410,646
August 19, 2017: $422,663
September 10, 2017: $435,887

Hula Hoop

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Re: Race from 250 to 500k!
« Reply #787 on: September 10, 2017, 07:00:49 AM »
I'm at $215 including an IRA.  Husband has around $50k in his own account.  So I guess we also belong in this thread.  Do I get to count the IRA?  What about home equity?

Husband has the $50k just sitting in a bank account not earning decent interest but that is for another thread.

RWD

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Re: Race from 250 to 500k!
« Reply #788 on: September 10, 2017, 08:33:38 AM »
I'm at $215 including an IRA.  Husband has around $50k in his own account.  So I guess we also belong in this thread.  Do I get to count the IRA?  What about home equity?

Husband has the $50k just sitting in a bank account not earning decent interest but that is for another thread.

You can count whatever you like. Some people, like myself, are doing household net worth. Others are only counting invested assets. Some people are only counting assets that are in their own name and excluding their spouse. I'm sure there are some other reporting nuances as well.

SAfAmBrit

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Re: Race from 250 to 500k!
« Reply #789 on: September 10, 2017, 01:27:52 PM »
Hoping to be at $500,000 in 08/2018.

July 2016 - $257,306
August 2016 - $264,625
September 2016 - $270,695
October 2016 - $283528
November 2016 - $291396
December 2016 - $295603
January 2017 - $303,195
March 2017 - $333,323
April 2017 - $340,884
May 2017 - $346,568
June 2017 - $357,230
July 2017 - $365,912
August 2017 - $370,689 (Well this will not work - bad month i guess!)

Hoping for $400,000 by December 2017. Steadily onward.

Yeah, darn. You only saved ~$5k last month. And $100k+ over the last year. Looks like good progress to me.
Thank-you for putting it into perspective for me! You made me smile.

gmdv

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Re: Race from 250 to 500k!
« Reply #790 on: September 12, 2017, 07:16:45 PM »



August 2017 - 295k

September 2017 - 310k


tyort1

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Re: Race from 250 to 500k!
« Reply #791 on: September 12, 2017, 07:46:59 PM »
$335k today!  One-third of a millionaire.  Haha.
Frugalite in training.

bzzzt

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Re: Race from 250 to 500k!
« Reply #792 on: September 13, 2017, 09:21:36 AM »
Looking like I'm going to finish up the year at approx. $332k. Savings rate was approx. 43% after I dropped a bunch of money on hobby stuff this year. It ought to be back in the realm of normal next year.

So,

Dec. 2015 = ~$288k (corrected, pension money was being misallocated and fixed in Feb.)
Dec. 2016 = ~$332k

For a net of +$44k this year.

Broke $400k NW yesterday! Currently averaging $5k/month savings this year. BAM!

Saskatchewstachian

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Re: Race from 250 to 500k!
« Reply #793 on: September 13, 2017, 04:50:46 PM »
Alright, I think I've spent enough time creeping in the background that I have to officially join!

Date          NW
Apr-16    $155,162
May-16    $157,463
Jun-16    $163,173
Jul-16    $165,471
Aug-16    $176,840
Sep-16    $184,298
Oct-16    $193,597
Nov-16    $209,710
Dec-16    $243,325
Jan-17    $252,675
Feb-17    $270,123
Mar-17    $273,511
Apr-17    $295,594
May-17    $300,987
Jun-17    $308,234
Jul-17    $316,951
Aug-17    $321,753

Had great progression over the last year with +145k in NW. About 100k of this is house equity with the remainder being tax sheltered accounts (RRSP,TFSA,Etc). Current projections put us at 500k ~Mar 2019 which will mean it will be a total of 28 months to get from 250k-500k.

Here's to hoping that happens!
   

garth

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Re: Race from 250 to 500k!
« Reply #794 on: September 15, 2017, 06:44:04 AM »
After just over 21 months, we've officially inched over the line. Total NW sits at $500,075 this morning. It's been fun racing with you all. See you in the next thread.

History:
Nov 15: $255k
Dec 15: $256k
Jan 16: $241k
Feb 16: $255k
Mar 16: $277k
Apr 16: $290k
May 16: $294k
Jun 16: $305k
Jul 16: $330k
Aug 16: $336k
Sept 16: $345k
Oct 16: $351k
Nov 16: $363k
Dec 16: $376k
Jan 17: $387k
Feb 17: $404k
Mar 17: $408k
Apr 17: $421k
May 17: $431k
Jun 17: $450k
Jul 17: $480k
Aug 17: $488k
Sep 17: $500k

kaypinkHH

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Re: Race from 250 to 500k!
« Reply #795 on: September 15, 2017, 06:49:20 AM »
@garth! Congrats!! What are you going to do with that whole extra $75!!!

RWD

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Re: Race from 250 to 500k!
« Reply #796 on: September 15, 2017, 12:41:38 PM »
Congrats, garth! $11k/month average, nicely done!

Rowellen

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Re: Race from 250 to 500k!
« Reply #797 on: September 15, 2017, 04:57:45 PM »
Congrats Garth! Less than 2 years. That's a fantastic effort.

Welcome Saskatchewstachian.

garth

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Re: Race from 250 to 500k!
« Reply #798 on: September 15, 2017, 09:18:16 PM »
Thanks all. Go get $500k!

FallenTimber

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Re: Race from 250 to 500k!
« Reply #799 on: September 19, 2017, 09:00:14 AM »
I've been a longtime lurker and have been inspired by all of you over the past several years—especially all of the encouragement that takes place in the gauntlet threads. My wife and I listened to Dave Ramsey on a cross-country road trip together before we got married (we just celebrated 3 years of marriage), which put a fire under us and encouraged us to get out of debt. Neither of us made more than $40k per year at the time, but we tightened our belts, made games of coming up with inexpensive recipes, had the time of our lives doing inexpensive hobbies (a lot of national forest camping and hiking), and managed to pay off $58,000 of our combined student loans in less than 12 months. We've never been able to brag about it to anyone, despite it being our proudest financial achievement, and it still feels funny to type it out.

We've since gotten married, purchased our first home, flipped and sold our first home, and purchased our dream ranch in the middle of the Rocky Mountains (an old 1800's cabin that we purchased for $80k less than we sold our first home for). We now have a baby joining our homestead in December, and the stories and accomplishments of the Mustachians here have inspired us to keep the fire going in order to eventually FIRE. It's very humbling to be part of a community where folks are so determined and relentless in the pursuit of their goals.

We started tracking our net worth last year, so I thought I would post our numbers here to keep track of them. Our businesses produce more income in the summer months vs winter, making consistency a challenge but we're trying to focus on yearly improvement.

January 2016: $204k
- - - - - - - - - - - - - - - - - - - -
January 2017: 294k
February 2017: 298k
March 2017: 303k
April 2017: 307k
May 2017: 310k
June 2017: 326k
July 2017: 347k
August 2017: 355k
September 2017: 363k