2030 FIRE Cohort

[treefly]

I think I'm going to be a part of this cohort, as you can see in the summary below, my family has turned into more of a coast-FIRE situation once we had kids.
            Net Worth   "InvestmentOnly"   Total Income   Expenses   Savings   
Oct 2018    $ 128,476     $ 128,476     $ 24,295            $ 11,584     $ 16,683    First Started Tracking
Jan 2019    $ 125,127     $ 125,127     $ 110,080     $ 46,485     $ 50,201    DINK
Jan 2020    $ 217,594     $ 217,594     $ 111,219     $ 47,880     $ 48,655    1/2yr DINK,Bought house in June, had son in August
Jan 2021    $ 358,990     $ 317,356     $ 77,170             $ 61,305     $ 12,696    Single Income, moved to new house in December, old house->rental
Jan 2022    $ 497,241     $ 445,864     $ 57,928             $ 29,867     $ 11,769    Single Income, had daugter in July
Sep 2022    $ 537,578     $ 448,272             

[StubblyNortherner]

Also wanted to join this cohort. I'm a very inactive user but very active reader here.  It was this site that put me back on a reasonable path in 2013 when I was a high income new grad saving nothing!  Still have made some poor decisions along the way but I think by 2030 I could reach FI with continued diligence.   My wife currently works part time and we have two kiddos that are full time at home.  Living in Canada.

I do all of my tracking / forecasting based on July but:

             Networth             Cash + Invest
Jul-13    $126,918.00     $157,895.91
Jul-14    $262,031.00     $262,924.00
Jul-15    $363,714.00     $257,155.53
Jul-16    $503,118.00     $320,815.37
Jul-17    $683,933.88     $432,162.88
Jul-18    $830,392.88     $499,917.88
Jul-19    $948,267.00     $565,191.69
Jul-20    $983,797.00     $681,797.48
Jul-21    $1,044,000.00     $754,498.00
Jul-22    $1,363,151.00     $987,822.47

Target is 2M Cash + Inv and a paid off home by 2030.  I suspect the wife will continue working part time and so will I.... but only on things that are fun and interesting.  Would love to have the full freedom especially in the summers.

Looking forward to joining y'all on the journey.

[Steeze]

^^ See I am thinking that a down year like this year will help us all in the 2030+ cohorts. More shares bought this year than would have been otherwise, and still 8 years of compounding ahead of us. Good time to be a buyer of shares. Happy I did not need to sell anything this year. Longer the market trades sideways or down and consolidates the better imo. Hurts my ego maybe, but happy to have the extra shares later on.

[poetdereves]

Even though I have been on the forum for a long time and slowly learning to make better choices, DW and I have recently picked up steam in some areas toward our FIRE goals. This is the first time that I am really even remotely considering putting a date in mind, but 2030 seems perfect. At the rate we are moving now we will have ~1M in investments, no debt, and a paid off house. It will also be the year I turn 40 years old. Feels nice to know that there really is a day out there when I can say that I am financially free.

[St Elmo]

I'm not sure when I will actually retire, but my spreadsheet tells me that early 2030 (I'll be 47) is when I'll be able to comfortably walk away from ever needing a paycheck again. So I'm happy to join this cohort thread.

I've tracked my net worth for each of the last three years. I always look forward to updating my spreadsheet and adding things up, but it was a bit less fun this year. I contributed over $80K to investments this year and my NW still went down.

Net Worth (excluding home equity):
12/31/2020: $535,000
12/31/2021: $740,000
12/31/2022: $700,000

[rpr]

I'm going to join this thread. I used to be in the 2023 cohort as I was in a not so great job situation till a couple years ago. Things have improved job wise and it makes sense for me to now continue till I reach the end of 2030. Also moved to a VHCOLA so expenses have increased (along with compensation). Plus, there are some golden handcuffs waiting if I reach the end of 2030.

2030 seems far and it will definitely not be an RE situation. Hopefully we are FI well before. So it will be a soft of chubby (not exactly) FIRE situation.

Have not read the posts but will do so.

[Mgmny]

2019 Year End Update

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000
2021 - Stache at 6x  $300,000
2022 - Stache at 8x   $400,000
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

2020 year end update!

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000   ending balance $365,000 = ~7x expenses
2021 - Stache at 6x  $300,000
2022 - Stache at 8x   $400,000
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

Net worth today is $587,000.

2020 was a bad year for salary for us, but we stayed the course and maxed out all tax advantaged accounts. 2021 here we come!

2021 year end update!

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000   ending balance $365,000 = ~7x expenses
2021 - Stache at 6x  $300,000 Ending balance: $452,000 = 9x expenses
2022 - Stache at 8x   $400,000
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

NW: $899,000.

2022 year end update! What a terrible year for the market, ha!

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000   ending balance $365,000 = ~7x expenses
2021 - Stache at 6x  $300,000 Ending balance: $452,000 = 9x expenses
2022 - Stache at 8x   $400,000 Ending Balance: $463,000 = 9X expenses
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

NW: $890k. Looks like my NW was dead even from last year and our stash did grow by $11,000 despite the market going down nearly 20%. Hopefully i can keep pace and stay on target!

[catbend]

Hello 2030 Cohort! Husband and I are in this class! We're going to be fatFIRE (feels a bit sheepish to admit). We'll be 50 and 57 and are aiming for 2.2M liquid assets to have in our stash.  Due to special retirement provisions for Husband, we'll have employer match health insurance and be able to take advantage of a SS supplement that will pay some money between 57 and 62.
I get some "mailbox money" as part of a family business (owner not operator) that's not inconsequential but also not crazy money.  Who knows how long this will last and what it will look like in 8 years, so we're not counting on it in our retirement models. 

I'm nervous to go at 50 (get a lot of purpose, social, structure out of work) but I figure I'll find ways and things to stay engaged in life.  Also of mild interest, even given the recent stint of rough months, I think we're still mostly on track to reach our goals.  I have been energized lately by thinking about things like maybe being a campground host/volunteer at a USFWS refuge somewhere for a season right after retirement.  I'll be spending more time thinking about fun plans for those first few years to help reduce the anxiety of walking out the door at work!

[catbend]

Also wanted to join this cohort. I'm a very inactive user but very active reader here.  It was this site that put me back on a reasonable path in 2013 when I was a high income new grad saving nothing!  Still have made some poor decisions along the way but I think by 2030 I could reach FI with continued diligence.   My wife currently works part time and we have two kiddos that are full time at home.  Living in Canada.

I do all of my tracking / forecasting based on July but...       

We too have a "savings year" that begins June 1, this allows  us to capture our summer overtime money early in the savings year and know if we've hit our goals with months left in the savings year.  The intent is to give us deliberate decision space in the fall/winter to know if we have excess money and decide if we want to spend/travel/buy or save more.  It's been really useful for us to shift the timing in this way.

[TomTX]

I'm nervous to go at 50 (get a lot of purpose, social, structure out of work) but I figure I'll find ways and things to stay engaged in life.

Keep in mind that FI is part of FIRE. You achieve financial independence - but choose to continue to work. Many people seem to use this freedom to push back on job duties and focus on what they really enjoy doing. Others change careers, or start their own small business.

[catbend]

I'm nervous to go at 50 (get a lot of purpose, social, structure out of work) but I figure I'll find ways and things to stay engaged in life.

Keep in mind that FI is part of FIRE. You achieve financial independence - but choose to continue to work. Many people seem to use this freedom to push back on job duties and focus on what they really enjoy doing. Others change careers, or start their own small business.

Thanks TomTX, a good reminder. I don't know quite yet what voluntary work will look like for me (and that's okay). You're not wrong that I may choose to continue to work after ER.  ;)

[catbend]

I've tracked my net worth for each of the last three years. I always look forward to updating my spreadsheet and adding things up, but it was a bit less fun this year. I contributed over $80K to investments this year and my NW still went down.

St Elmo, I can relate to the annual tracking not being as fun last year. I've been tracking monthly since 2013 and am so glad I've done it.  I've wondered lately if anyone has a tracking system for number of shares, rather than dollars.  Seems that's the big benefit of a year like this where we invest 80k, despite major drops.  We are getting cheap (more) shares.  Still it lands a bit flat when you see what happens to the balance.  Anyway I know I'm intending to keep on truckin' and aiming for 2030.  Cheers. 

[Btag84]

I'll join too. I am 32 and net worth is $275,000

Assets:
Cash: $35,000
Roth IRA: $45,000
Rollover IRAs: $120,000
HSA: $10,000
Taxable Brokerage: $55,000
401k (low b/c new job): $14,700

Liabilities:
Car loan of $4,700 (0.9% interest so not worth paying off)

Not sure I will actually quit then because my gf is a bit younger than me (25) so I will probably work later, but would love to shift to part-time if that is doable. I am a CPA so I hope I can find a part-time opportunity by then.

Update:

I am 36 and net worth is $918k

Assets:
Cash: $11k
Roth IRA: $135k
Rollover IRAs: $258k
HSA: $23k
Taxable Brokerage: $273k
401k: $218k

Liabilities:
None

June 2023 Update:
I am now 38 and my net worth is $1,064,291

Cash: $37k
HSA: $26k
529 for child(ren): $6k - first is due within the next month
Roth IRA: $231k
Trad IRA: $398k
401k: $49k
Brokerage: $319k

If I look at my spending it's about $40k, but this is very artificially low. We moved in with my MIL to help with future child care and because we have plenty of space and all get along. We have been doing this for about two years and it's been great. No idea what my spending will look like once our child get here either. This makes figuring out a number more complicated, but I am not in a hurry to retire.

I work fully remote and am now a Corporate Controller for a small publicly traded software company. I like the work but am not sure how my priorities will change once I am a dad, but I assume I will get a better sense of a new normal spending in a few years. My goal is probably $2M to $2.5M and am thinking I would like to downshift to reduced hours (24 or 32 hours a week) in 8 to 10 years and then coast to that number and re-evaluate how I feel then.

I would probably want to change jobs to something with less responsibilities. I like the work but wouldn't mind going back to an individual contributor role or going into consulting. I make $180k base now and should be ok the coast to those numbers as growth is doing most of the work versus my contributions. So we'll see how life continues to shake out but I am pretty happy with my progress.

[rebel_quietude]

 I've wondered lately if anyone has a tracking system for number of shares, rather than dollars.  Seems that's the big benefit of a year like this where we invest 80k, despite major drops.  We are getting cheap (more) shares. 

I have a family member who does this! I think it requires a bit of know-how, but he has an excel that draws share price directly from google finance, and automatically updates so he can determine the allocation of new contributions according to his investment plan. The actual sums are on a different tab, so he doesn't have to look at them if the market is down. If nothing else, google's portfolio function might be worth checking out!

[401Killer]

MAY 27, 2020
I'll play! 41y/o SINK.

NW = $495k
Invested = $306k ($290 401k - $15k Roth)
House Value = ~$195k
Cash = $25K
Debt = $44k House

DEC 27th, 2020
NW = $584k
Invested = $387k ($364 401k - $22k Roth)
House Value = ~$204k
Cash = $19.5K
Debt = $42.4k House

June 28, 2021
NW = $702k
Invested = $470k ($439k 401k - $32k Roth)
House Value = ~$234k
Cash = $23K
Debt = $36k House

JAN 5th, 2022
NW = $751.4k
Invested = $516.5k ($471k 401k - $34k Roth, VG Personal $3.7k, HSA $7.9k)
House Value = ~$227k
Cash = $18K
Debt = $30.3k House

Broke 3/4!

June 19, 2023
NW = $850k
Invested = $545k ($481k 401k - $39.4k VG Roth, VG Brokerage $12.7k, HSA $11k)
House Value = ~$271k
Cash = $14K
Debt = $0

[Chrissy]

I see I forgot to update in January...

2015:  $604k, got married
2016:  $724k, Warrior Princess arrived
2017:  $860k
2018:  $900k, Chunky Baby arrived
2019:  $977k
2020:  $1.180M
2021:  $1.618M
2022:  $1.439M

Invested:  $828k
529s:  $140K
Cash:  $59k

The remainder is a car and our house is paid-off and worth ~$400k.

[TomTX]

I'm nervous to go at 50 (get a lot of purpose, social, structure out of work) but I figure I'll find ways and things to stay engaged in life.

Keep in mind that FI is part of FIRE. You achieve financial independence - but choose to continue to work. Many people seem to use this freedom to push back on job duties and focus on what they really enjoy doing. Others change careers, or start their own small business.

Thanks TomTX, a good reminder. I don't know quite yet what voluntary work will look like for me (and that's okay). You're not wrong that I may choose to continue to work after ER.  ;)

Sure thing. I declared my SWAMI status back in the fall, and I'm still doing my admittedly cushy and mostly-remote job which is bringing positive value to the world. It seems like I always manage to get involved in some type of nonprofit/volunteer work. Currently that's a local advocacy group I started up a couple of years ago.

[catbend]

 I've wondered lately if anyone has a tracking system for number of shares, rather than dollars.  Seems that's the big benefit of a year like this where we invest 80k, despite major drops.  We are getting cheap (more) shares. 

I have a family member who does this! I think it requires a bit of know-how, but he has an excel that draws share price directly from google finance, and automatically updates so he can determine the allocation of new contributions according to his investment plan. The actual sums are on a different tab, so he doesn't have to look at them if the market is down. If nothing else, google's portfolio function might be worth checking out!

Thanks @rebel_quietude I'll check it out.  I appreciate the tip.  I also like the idea of hiding the actual sums in a different tab.

[catbend]

In thinking about testing out a retirement budget before we retire, I'm wondering if it's as simple as dividing my anticipated annual expenditures by 12 months and then tracking that?  For example if we plan to live on 100k in retirement, can I add 8.3k to my bank account each month and see if I can stay below that? The one thing I notice is non-regular purchases, cars, a new furnace for the house, anything that happens less than once a year might be hard to anticipate.  So we probably can't blow 8.3k each month, I'd need to set some money aside for these purchases.  Does anyone else in this cohort have thoughts about a test run like this?

[rebel_quietude]

In thinking about testing out a retirement budget before we retire, I'm wondering if it's as simple as dividing my anticipated annual expenditures by 12 months and then tracking that?  For example if we plan to live on 100k in retirement, can I add 8.3k to my bank account each month and see if I can stay below that? The one thing I notice is non-regular purchases, cars, a new furnace for the house, anything that happens less than once a year might be hard to anticipate.  So we probably can't blow 8.3k each month, I'd need to set some money aside for these purchases.  Does anyone else in this cohort have thoughts about a test run like this?

Hey @catbend,

Speaking for myself alone, I haven't explored the details of post-RE spending. Still very much in the accumulation phase.

However, a couple of things come to mind. First, there are places on this forum where people talk about RE prep exhaustively. https://forum.mrmoneymustache.com/post-fire/pre-fire-checklist/ and all of the top-pinned threads on "investor alley" come to mind (https://forum.mrmoneymustache.com/investor-alley/)

Second, I'm personally of the opinion that, if you're not planning on moving locations when you FIRE, past is precedence when it comes to budget. Reviewing your bank and card statements at the end of every year can be pretty informative on how you're spending, and you don't need to send artificial funds that could otherwise be diverted into investments if you can just take a look at statements and see what you're actually spending. If you are moving, your budget will change - there's no way around it. Choosing housing that's well within affordability for your FIRE budget is the single greatest move you can make toward not having to worry about it.

I have a spreadsheet that breaks down my savings in one tab, expenses in another, and brokerage amounts (for reallocation calculations) in a third. I'm awful at budgeting - don't like to expend the brainpower. Instead, I live in an environment of artificial scarcity in my checking account. I set a savings goal for the year, and automatically deduct the required amounts for that goal as soon as the paycheck hits. Anything that doesn't get spent from the checking account (which is what I use to pay off my points credit card every week) goes into a savings account when the next paycheck hits.

For unusual expenses - anything for which I need to pull from my savings account where I route that excess cash -  I list out the year by month in my excel expenditures tab, and record all unusual spending by month. A vacation, for example, will have the total amount in one column and a two word description in the other. Same for vet emergencies, hobby education tuition, home repair and maintenance - you get the idea. I've done this for over five years and will continue to 2030. Looking back over previous years will give me an idea of what to expect and plan for in terms of budget excess, and over time my savings goal grows more and more precise as I figure out what I usually have to pay for from my savings account.

There have been a few times I've had to put a major expense on a card and wait until the next paycheck to pay it off - even occasionally turning off the automatic brokerage contributions. When that happens, I try to decide if this was something that I means I should be beefing up my savings account, (and thus reducing automatic contributions / investment goal amounts for the year). Usually it means I was a little over-ambitious in savings goals; sometimes it means I've gotten a little loose with spending, and need to pay a more attention again. Making myself deliberately move money from the savings account to do my weekly card payment if I spend more than I have in checking has been a really effective way of highlighting unusual budget issues, without having to dedicate consistent brainpower to routine expenses.

Of note, I don't include non-voluntary medical expenses in using this method to plan for unusual expenditures in RE; I'm assuming medical requirements will increase in frequency and volume as I age. Still trying to figure out how to calculate the padding I will require for medical stuff long-term (but I suspect the decision will incorporate my insurance pricing and some actuary averages closer to my FIRE date).

Circle back and let us know if you find or develop some techniques you recommend!

[Rural]

In thinking about testing out a retirement budget before we retire, I'm wondering if it's as simple as dividing my anticipated annual expenditures by 12 months and then tracking that?  For example if we plan to live on 100k in retirement, can I add 8.3k to my bank account each month and see if I can stay below that? The one thing I notice is non-regular purchases, cars, a new furnace for the house, anything that happens less than once a year might be hard to anticipate.  So we probably can't blow 8.3k each month, I'd need to set some money aside for these purchases.  Does anyone else in this cohort have thoughts about a test run like this?

Think also about how your health insurance costs will change in retirement. If you're on an employer-sponsored plan now, costs will likely go up as you won't have an employer paying part of your premiums.

[Steeze]

In my personal budget (which is essentially a picture of how I actually spend money, not how much I am 'allowed' to spend in each category, if that makes sense) -- I include depreciation / replacement / maintenance costs.

For example, in category 'Travel Expenses' I might have these categories related to my car:
Auto - Loan
Auto - Insurance
Auto - Fuel
Auto - Maintenance
Auto - Replacement

For maintenance I look up the expected maintenance costs per year for my vehicle & mileage and use that value.
For replacement I use the total cost to replace my car over the expected life of my car. So for me I use $15,000 / 10 years.

Note that these costs are irregular and occur infrequently. In practice this money could be getting stashed in a savings account ready for when it is needed, but I just invest anything extra I have anyway. When I need the money to replace the car, I will simply transfer the money I need from my brokerage knowing that I had planned to spend X amount at some point for this purpose.

I think of my budget as a tool to figure out how much I can send to my brokerage with automatic investing each month. Then every once in a while when my checking account is getting too big, I transfer a 1-time payment to my brokerage. This 'extra' payment is essentially the sum of the replacement / maintenance money I did not spend yet.

I have similar replacement costs for any bigger ticket item (over $1000);
Laptops
Cell Phones
Home Appliances
Home cap ex (roof, paint, etc.)

Same for things like international travel - I want to budget to travel abroad every year, but it doesn't always happen. That money is earmarked for vacation, but in reality is invested like any other money. When we do travel, I can rest easy knowing I had X$/yr in my budget to do so.

For my retirement budget I absolutely include these infrequent costs as an annual cost, and include those costs in the 25X number for FIRE. No sense in not planning to replace a vehicle after you retire, especially if you are retiring early. Cars cost money, even if you have them fully paid off and they are in new condition. Cars will eventually need tires / brakes / oil / timing belt to be replaced all of which has an expected cost & frequency.

I also label each cost as 'overhead' 'discretionary' 'maintenance' 'depreciation'

This helps me get a better idea of what my bare bones budget is (overhead), what spending I can reduce if needed (discretionary), what spending is on maintaining things I own (maintenance), and what spending is on replacing things I own (depreciation).

[twistedfirestarter]

From Aug '17

Hi all, I'd like to join the group, hoping to be FI a couple of years before 2030 gives me a bit of a buffer as who knows what the next decade may bring.

It all seems a very long way off but I can't help smile that compared to the rest of the population, we'll be free 20 years early.

Currently NW at £158k ($200k)

House ~ £130k equity
Pensions ~£32k (no access for 10+ years post FIRE target date)
Investments ~ £9k (index fund, £2000 deposit per month)
Emergency/DIY ~£10k (looking to reduce this)

Student loan ~ £25k (12k me, 13k mrs twisted) at 1.5% interest rate (UK Plan 1), in no rush to pay off
Mortgage ~ £29k 1.5% interest, in no rush to pay off

Hi All,

I've not been active for a while but am still on the FIRE path.

Jan '17 found MMM
Excitedly researched, calculated, budgeted.
Jan '19 moved to 4 days a week
Nov '20 become a Dad!
Oct '21 paid off mortgage
Jul '22 paid off student loan

Now at ~£500k NW
House -£220k
Savings -£120k
Pensions -£150k
Emergency -£15k

On track for coast Fi but need some strong tailwinds for FIRE.

[brandon1827]

On track for coast Fi but need some strong tailwinds for FIRE.

Thanks for updating us! Sounds like you are in really good shape!

I haven't posted in here in ages either...I'm also switching gears to coast fire after considering where I am in life, our NW, and how I see the next 7 years playing out.

[semiretired31]

We have lost a bit of our mustachian muscles as we are seeing our last 2-4 years with our daughters in the house to the finish line. We are trying to be extra conscious that we only have so much time with them around left.

That said, we still seem to be on track for FI by 2031.  $680k in total invested assets, just over a million in total assets, including the house. Just over $900k in net worth. We have a target of $2m for re and should be at $1.6ish with mortgage paid off in 2031. Downshift of some sort and let the growth take care of itself. So happy I found this community

[StubblyNortherner]

A bit late on my 2023 update.  It was a bit of a weird year and I got caught with very high interest rates on a HELOC I had in place while completing a large renovation on my house.  I ended up paying down a large amount of high interest debt for my own piece of mind. 

             Networth             Cash + Invest
Jul-13    $126,918.00     $157,895.91
Jul-14    $262,031.00     $262,924.00
Jul-15    $363,714.00     $257,155.53
Jul-16    $503,118.00     $320,815.37
Jul-17    $683,933.88     $432,162.88
Jul-18    $830,392.88     $499,917.88
Jul-19    $948,267.00     $565,191.69
Jul-20    $983,797.00     $681,797.48
Jul-21    $1,044,000.00     $754,498.00
Jul-22    $1,363,151.00     $987,822.47
Jul-23    $1,514,824.00     $995,486.60

2030: Target is 2M Cash + Inv and a paid off home by 2030. (~2.5MM NW) 
Home should be paid off in 2025 should also accelerate investments.

I have found we have gotten into a bit of a spending spiral with our children.  I suspect this will flatten out a bit as they find 1-2 activities they would like to pursue instead of sampling everything.   

[hollaynia]

Joining here! I'm Coast FIRE at the moment (working part time) and DH is working full time. I plan to downshift even more to a part time job that pays much less but also hopefully comes with less stress. DH is planning to continue to work full time until 2030. We have more than 1 mil net worth, so even without contributing anything we should be more than set by 2030. DH will continue to max 401k so we may pull our time up if it suits us, but for now it's 2030 for full FIRE when we are empty nesters and can slow travel.

[TimCFJ40]

Jumping in here, as I'll be 50 in 2030.  Currently we're pretty damn close to FI, and DW has already gone part time with no intention of returning to full time.  I'm in a well paying job that I enjoy right now, but those things can always change. 

This year we paid the house off completely, and the youngest started full time school (no more daycare payments, yay!), so RE is feeling more realistic than ever, and our savings rate has doubled.  Current NW is $1.8m with $600k of that in the paid for house.  We have no intentions of moving locations (or houses) when we retire, and we're in a generally MCOL area. 


Should things change at work, we could rearrange and move up the date, but as long as work stays engaging and enjoyable setting a date to take the leap is the next logical step.  The biggest thing driving RE is wanting to have more time while I am young enough to enjoy it.  There are a number of multi week trips we'd love to take that just aren't feasible with full time employment.   

Glad to be here, and best wishes to all in your 2030 plans!

[Em-Dog]

@TimCFJ40 welcome to the cohort. As someone who is freshly 2 months into daycare payments congrats! We would love to be close to FIRE once the kid(s?) starts school, and then be able to spend summers together and go on longer trips.

Cheers to all for a good rest of the year!

[TimCFJ40]

@TimCFJ40 welcome to the cohort. As someone who is freshly 2 months into daycare payments congrats! We would love to be close to FIRE once the kid(s?) starts school, and then be able to spend summers together and go on longer trips.

Cheers to all for a good rest of the year!

Thanks @Em-Dog!  You're wise to start thinking about travelling around the school calendar!  I can work remote in my role, and we talked about travelling more or having the family travel with me some, but the dang school year keeps us locked in place for 10 months of the year.

Last summer we did a 2.5 week trip (vacation only, no remote work) and it was awesome.  My boss was totally cool about it but I don't think I could pull off much longer, or even that long every year. 

In 2030 our kids will be 14 and 11, so hopefully they'll be ready for some real adventures when I cut loose!

[The Beebsta]

I think it’s time for me to put a stake in the ground and declare 2030 our RE cohort. I’ve been aiming for 2031, but it’s good to be ambitious. Family is me (47), SO (46), DS1 (12), DS2 (10).

We are in a major Australian city, so all values are in AUD and real estate prices are HIGH here.

Total net worth is AUD$2.6m.
Rough breakdown:
Assets
$0.9m Retirement accounts (superannuation)
$0.1m Investments (ETF & Managed funds)
$0.1m Cash (in offset accounts, reducing interest on mortgage)
$1.1m IP
$2.2m PPOR
Liabilities
$(1.0)m IP Mortgage
$(0.8)m PPOR Mortgage

We are in a somewhat unusual situation in that SO was the main earner but has stepped away from their career to start a software business. They have been working on this for 2.5 years. It’s NEARLY ready to launch. I have stepped up my career and significantly increased my earnings but it’s still roughly half what we used to make combined.

With interest rate increases and a highly negatively geared (loss making) IP, we are roughly $11k/month out of pocket on mortgages and IP costs. It’s a lot and it’s hurting us, but I’m hanging on in the hope that SO will launch the business and do some consulting/contracting work early next year to bring in some cash.

In some respects, we are Coast FI, but I hope we get back to contributing more to the stash next year. A lot of our plan hangs on how successful the business is. If we don’t contribute anything to savings for the next 8 years, we should be FI based on growth of our assets. It may involve relocating. I would be very happy to move somewhere warmer and cheaper, but my family are less keen on this idea. Oh, and to throw a spanner in the works, SO doesn’t believe in retirement. They think everyone should work to have meaning in their lives. I recently joked that we may have irreconcilable differences.

I look forward to joining in and seeing everyone’s progress towards their FIRE goals over the next 7 years

[The Beebsta]

Here is our history of progress towards FI:

Year     Net Assets  Movement
2012    $440k   
2013    $585k        $145k
2014    $791k        $206k
2015    $788k        $(3)k (sold first home and bought second home/PPOR. Paid roughly $100k in transaction costs)
2016   $1,039k      $251k
2017   $1,304k      $265k
2018   $1,343k      $ 39k (major house renovation when house values were decreasing)
2019   $1,626k      $283k
2020   $1,831k      $205k
2021   $2,480k      $650k (insane house price and share market increases)
2022   $2,550k      $70k (share market falls, no house price increases, main earner ceases income to start a business)

[alex77]

Hi all! 👋

I am new on the forum, and new to FI in general, but entirely obsessed, like a true convert… I have tried to talk to my friends about FI but you all know how that generally goes, so here I am, hoping to find my tribe here! This is my first post. Sorry, it’s long…

My name is Alex, I’m 46, living in Amsterdam. I thought I’d join this cohort out of an abundance of optimism. Reach for the stars, and all that.

I have never been a high earner, but I’m naturally frugal, and I love thinking about money. I listened to JL Collins’ book on Audible last April, spent a week grieving the fact I didn’t read it decades earlier, and in May I went full steam ahead in trying to save as much as I could. I aimed for €2000 monthly (a bit less than half of my net  salary). Shockingly, as I started weeding out fixed cost items  that I don’t need, stopped eating delivery, and made some other economies, I realised that 2200 euros a month was entirely possible. Now, 8 months and some small windfalls later, my spreadsheet tells me that I average almost €2900 saved per month  and will end this year with €27,000 in my ETF.That is a savings rate of 66%, and 69% if I include pension contributions taken out before I get my take home pay. Absolutely nuts.

I have no debt, and no other savings other than €2000 emergency fund (does not sound like much but there is nothing I can think of that I need to replace immediately that costs more than that, and if there is, there is always the credit card). I own my flat, which is worth around 600k and the mortgage is about 200k with an interest rate of 1.4% (fixed for another 18 years). As you can imagine, I’m not terribly rushed to pay that off, especially because the interest is tax deductible. I don’t count home equity as part of my net worth because you can’t eat appartments.

My goal of FIRE in 2030 is, let’s be honest, unrealistic. But I like having the challenge. Plus, I need little to live on,don’t have kids who need nappies or a horse or college funds, and there will be a partial  pension when I’m 60 (in 2037). And most of all: even if I haven’t reached FI by then, it will be high time to make drastic changes and go as FIRE as I can. I can already feel myself get tired of working and wanting to spend time on my other interests. I love my job and I’m lucky to wfh mostly, but I’m slowly losing interest. Also, it’s very likely that by 2030 I will sadly have received a fairly big inheritance.

In short the plan is: save up as much as I can, invest it all in two ETFs, and  work as little as possible from 2030 onwards. Either by quitting completely, working 2 days per week (even today I could live on that), or maybe I’ll go work parttime  in a bookshop or smt, anything that I’d love doing for free if they asked. I definitely would want to kill the commute so no trains anymore!

I’m sure there are other Netherlands people here but some differences between the US and NL:
-much higher taxes, both on income and on wealth. This will slow me down a lot.
- health insurance is not linked to employment.
- a four day work week is very common. I also currently work 32 hours.
- salaries are generally lower, but job security is much better. There is zero chance that I will be fired suddenly, although I may be fired effective  a year from now. I am a civil servant and that makes job security even better.
- no Roth, no 401k or any of that. There are pensions you automatically take part in when you start a job, and a very limited option for tax deferred pension investing of max a few hundred euros per year. The pensions are generally good, though.
-in Amsterdam especially, housing is now ridiculously expensive, and rivals the housing market in London and Paris. I am very, very fortunate with my flat, bought in 2006.

Of course,as a Dutch person, I didn’t need MMM to tell me I needed a bike. It’s been my main mode of transport since always. I have never owned a car, but I did convert a builders van into a campervan in 2020,  which brings me much joy - and cheap holidays.

Goals for 2024: find a side hustle and add 30,000 to my investments. Again, so sorry for this terribly long post, I guess I’m just very happy to be here. 😊

[Em-Dog]

I am new on the forum, and new to FI in general, but entirely obsessed, like a true convert… I have tried to talk to my friends about FI but you all know how that generally goes, so here I am, hoping to find my tribe here! This is my first post. Sorry, it’s long…

Welcome! This resonates, everyone I try talking to about this thinks I'm crazy. The people here are your people. 2030 is also a bit of a stretch goal for me, but I'm staying here until we get closer. Cheers to the journey!

[alex77]

@Em-Dog Thank you, and cheers to you as well! We probably genuinely sound mad! The one very funny thing that happened to me is I once talked to a colleague - who i don’t even know that well - about my campervan, and somehow she said, out of the blue: ‘have you heard of the FIRE movement?’ That was the start of a fairly long conversation, and now when I see her in the hallways, we discuss our savings rate. :) It feels like I met someone in the same secret cult as me.

In other news: I started a ‘5 euros per day challenge’ for all meals. I’m one person so so far, it’s quite easy. After all the low hanging fruit, things got a bit boring but this is something where I can still make some good savings.

[alex2918]

Another update. I think on track for 2030  retirement          
              Real
              Estate LNW TNW
Dec-2020   352   547   899
Jan-2021   352   561   913
Feb-2021   391   520   905
Mar-2021   391   525   916
Apr-2021   392   538   930
May-2021   426   549   975
June-2021   429   564   993
July-2021   400   600   1000
Aug-2021   400   635   1035
Sep-2021   403   616   1019
Oct-2021   404   674   1078
Nov-2021   441   667   1108
Dec-2021   467   745   1212
Jan-2022   612   598   1210
Feb-2022   620   594   1214
Mar-2022   609   617   1226
Apr-2022   602   538   1140
May-2022   602   538   1140
July-2022   602   538   1140
Nov-2022   709   522   1231
Dec-2022   709   504   1213
April-2023   719   557   1276
May-2023   730   581   1311
June-2023   730   618   1348
July-2023   754   642   1396
Aug-2023   754   639   1393
Nov-2023   754   626   1380
Dec-2023   754   661   1415

[alex77]

In some respects, we are Coast FI, but I hope we get back to contributing more to the stash next year. A lot of our plan hangs on how successful the business is. If we don’t contribute anything to savings for the next 8 years, we should be FI based on growth of our assets. It may involve relocating. I would be very happy to move somewhere warmer and cheaper, but my family are less keen on this idea. Oh, and to throw a spanner in the works, SO doesn’t believe in retirement. They think everyone should work to have meaning in their lives. I recently joked that we may have irreconcilable differences.

I look forward to joining in and seeing everyone’s progress towards their FIRE goals over the next 7 years

Hi Beebsta!

Nice to be in the same cohort with you. Sounds like you’re well on your way with these numbers. How much do you need, you think?
If SO’s business doesn’t take off, most importantly might be that it should at least not *cost* your family anything, either. Depending on what the software is, of course. Sometimes it takes a lot of investment and that might get tricky.
Anyway, you have put the finish line somewhere so the first step towards it is done!

[The Beebsta]

In some respects, we are Coast FI, but I hope we get back to contributing more to the stash next year. A lot of our plan hangs on how successful the business is. If we don’t contribute anything to savings for the next 8 years, we should be FI based on growth of our assets. It may involve relocating. I would be very happy to move somewhere warmer and cheaper, but my family are less keen on this idea. Oh, and to throw a spanner in the works, SO doesn’t believe in retirement. They think everyone should work to have meaning in their lives. I recently joked that we may have irreconcilable differences.

I look forward to joining in and seeing everyone’s progress towards their FIRE goals over the next 7 years

Hi Beebsta!

Nice to be in the same cohort with you. Sounds like you’re well on your way with these numbers. How much do you need, you think?
If SO’s business doesn’t take off, most importantly might be that it should at least not *cost* your family anything, either. Depending on what the software is, of course. Sometimes it takes a lot of investment and that might get tricky.
Anyway, you have put the finish line somewhere so the first step towards it is done!

Thanks for the welcome Alex77! Welcome to the forum and the FI world.

I think we need AUD $3m invested plus a paid off house to be comfortable.  It sounds like your expenses and ours are very different! Best of luck with your FI journey. Owning your home with a low mortgage and low interest rate puts you in a fantastic position. You’ll find that oit really does gain momentum of its own after a few years.

 So far the business hasn’t cost us anything but lost earnings, however we are getting to the stage where we need additional funds. You’re right, we will need to spend a lot on marketing to get the word out and get customers. We are considering our options and how to get capital without selling a huge chunk of the business at a low valuation. We are still pre-revenue, so it’s not yet got a proven value. We have a few months of runway left before we need to consider our options.

[alex77]

Sounds like you guys know what you’re doing!
Thanks for the welcome and the kind words.
Yes if I had even a quarter of your FIRE number I’d quit my job tomorrow morning before even switching on the coffee machine! 😂 But that’s the thing, isn’t it. We all have different goals and needs and visions of how we we want to live our best life. That’s what I love about this community, so far. Everyone is on their own path.
Of course, I’m all of eight months underway. I might get tired of the frugal approach. But so far, it doesn’t feel like a radical change. No idea what I used to spend all that money on… eating out and delivery, I think. And big projects like taking my apartment off natural gas and building a camper van. And before that, my income was a lot lower.
Did some more calculations and I am feeling a bit more optimistic about actually reaching FIRE in 2030. Can’t wait to find out! For now, trying to race towards my first 100,000.

[The Beebsta]

Here is our history of progress towards FI:

Year     Net Assets  Movement
2012    $440k   
2013    $585k        $145k
2014    $791k        $206k
2015    $788k        $(3)k (sold first home and bought second home/PPOR. Paid roughly $100k in transaction costs)
2016   $1,039k      $251k
2017   $1,304k      $265k
2018   $1,343k      $ 39k (major house renovation when house values were decreasing)
2019   $1,626k      $283k
2020   $1,831k      $205k
2021   $2,480k      $650k (insane house price and share market increases)
2022   $2,550k      $70k (share market falls, no house price increases, main earner ceases income to start a business)

I shared this update on our net worth over on the annual net worth increase thread, and thought it was worth sharing here:
I've updated our balance sheet for year end as I will be away over the New Year period.

Year     Net Assets  Movement
2012    $440k   
2013    $585k        $145k     +33%
2014    $791k        $206k     +35%
2015    $788k        $(3)k      +0%     (sold first home and bought second home/PPOR. Paid roughly $100k in transaction costs)
2016   $1,039k      $251k     +32%
2017   $1,304k      $265k     +25%
2018   $1,343k      $ 39k      +3%     (major house renovation when house values were decreasing)
2019   $1,626k      $283k     +21%
2020   $1,831k      $205k     +13%
2021   $2,480k      $650k     +35%     (insane COVID house price and share market increases)
2022   $2,287k      $(193)k     -8%     (single income and house and share market decreases)
2023   $2,370k        $83k      +4%     (single income, share market increases, no change to house price)
Average increase per year $175k.

Overall, the big increase in the share market in the last month or two has rescued us, to give us a slight upwards increase of $83k/4%. Much less than our average of $175k/12%, but still a positive number.

Things were much slower on the business front than expected. Once again, I'm expecting the first users for the SaaS business to start in Q1 of this year. It will actually happen this year, as we have a company lined up to start using the system in Mid-January 2024. As a result, SO had no income as they were still working on the business full time. Being in Australia, our mortgages came off fixed interest and increased hugely. We now pay something like $11k per month in mortgage payments. It's crippling us. I was fortunate in that my contract got extended until April 2024. I think after this, there won't be anymore extensions, so it's crunch time for the business and for SO to start bringing in some cash.

My 2024 financial goals are very similar to 2023 - increase Net worth by $250k+ (to $2.6m) and to have a household gross income (incl. business net profits before tax) of $400k+. This time I'm going to explicitly state that my financial goal includes launching the SaaS product into the market in Q1 2024, and earning at least $100k revenue from it, ideally more.

Would love to see anyone's updates if they feel comfortable sharing.

*I see my numbers don't tie in with the 2022 numbers in what I've quoted above. I must have just estimated those numbers and got them grossly wrong. What I've shared in this update is more accurate.

[Mgmny]

Being in Australia, our mortgages came off fixed interest and increased hugely. We now pay something like $11k per month in mortgage payments. It's crippling us.

Holy F. yikes! Good luck and i hope you get it sorted quickly! That's a serious payment!!

[Mgmny]

2019 Year End Update

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000
2021 - Stache at 6x  $300,000
2022 - Stache at 8x   $400,000
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

2020 year end update!

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000   ending balance $365,000 = ~7x expenses
2021 - Stache at 6x  $300,000
2022 - Stache at 8x   $400,000
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

Net worth today is $587,000.

2020 was a bad year for salary for us, but we stayed the course and maxed out all tax advantaged accounts. 2021 here we come!

2021 year end update!

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000   ending balance $365,000 = ~7x expenses
2021 - Stache at 6x  $300,000 Ending balance: $452,000 = 9x expenses
2022 - Stache at 8x   $400,000
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

NW: $899,000.

2022 year end update! What a terrible year for the market, ha!

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000   ending balance $365,000 = ~7x expenses
2021 - Stache at 6x  $300,000 Ending balance: $452,000 = 9x expenses
2022 - Stache at 8x   $400,000 Ending Balance: $463,000 = 9X expenses
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

NW: $890k. Looks like my NW was dead even from last year and our stash did grow by $11,000 despite the market going down nearly 20%. Hopefully i can keep pace and stay on target!

20203 year end update!

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000   ending balance $365,000 = ~7x expenses
2021 - Stache at 6x  $300,000 Ending balance: $452,000 = 9x expenses
2022 - Stache at 8x   $400,000 Ending Balance: $463,000 = 9X expenses
2023 - Stache at 10x   $500,000  Ending Balance: $608,000 = 12x expenses
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

NW: $1,203,000. We joined the "millionaire club" this year about halfway through the year in June/July!

It's interesting to look back and see that in 2017 when i started tracking for this, our goal was $1,250,000. I think realistically it probably needs to be closer to $2M at this point. Lifestyle inflation is real, and truthfully inflation has hit hard over the past 7 years, but the original goal hasn't adjusted for inflation. So, with that in mind, I'm going to create a new "stache tracker" below starting at this year going to a new milestone - we'll go with $1,625,000. Hopefully i don't need to adjust again. I think 2030 will be very challenging to hit at this rate, but time will tell.

2023 - Stache at 10x   $650,000  Ending Balance: $608,000 = 12x expenses
2024 - Stache at 12x   $780,000
2025 - Stache at 14x   $910,000
2026 - Stache at 16x   $1,040,000
2027 - Stache at 18x   $1,170,000
2028 - Stache at 20x   $1,300,000
2029 - Stache at 22x   $1,430,000
2030 - Retire by end of year with 25x yearly expense rate $1,625,000

[St Elmo]

Time to update my net worth! Much more fun this year compared to last:

Net Worth (excluding home equity):
12/31/2020: $535,000
12/31/2021: $740,000
12/31/2022: $700,000
12/29/2023: $922,200

Including home equity, my NW increased by an additional ~$110K, and half of that was paying off a HELOC because the rate jumped from 3% to 9% (I paid it off the month of the increase).

Now, if the stock market can just keep up this year's 25% return, I should be able to FIRE by 2030! 

[Chrissy]

Another net worth update:

2015:  $604k, got married
2016:  $724k, Warrior Princess arrived
2017:  $860k
2018:  $900k, Chunky Baby arrived
2019:  $977k
2020:  $1.180M
2021:  $1.618M
2022:  $1.439M
2023:  $1.910M

Invested:  $1.178M
529s:  $185K
Cash:  $61k

The remainder includes vehicles ($47k) and our paid-off house ($500k).

[treefly]

I think I'm going to be a part of this cohort, as you can see in the summary below, my family has turned into more of a coast-FIRE situation once we had kids.

Update! Looks like I missed last year, and my records of income vs savings don't match up for some reason... I'll have to investigate personal capital
            Net Worth      Investment Only   Total Income   Expenses   Savings   
Oct 2018    $ 128,476     $ 128,476     $ 24,295            $ 11,584     $ 16,683    First Started Tracking
Jan 2019    $ 125,127     $ 125,127     $ 110,080       $ 46,485     $ 50,201    DINK
Jan 2020    $ 217,594     $ 217,594     $ 111,219       $ 47,880     $ 48,655    1/2yr DINK,Bought house in June, had son in August
Jan 2021    $ 358,990     $ 317,356     $ 77,170             $ 61,305     $ 12,696    Single Income, moved to new house in December, old house->rental
Jan 2022    $ 497,241     $ 445,864     $ 96,905             $ 59,805   $ 29,297    Single Income, had daughter in July
Jan 2023    $ 554,909     $ 447,173     $ 72,852            $ 54,747     $ 22,076  House Zillow Values have taken off, but I'm not very confident in those...
Jan 2024    $ 743,610     $ 548,329    

[TyGuy]

Still on track to be able to reach FI by 2030, though I will likely continue to work past 2030. By the year 2030, I will have the ability to leave at any point if I no longer derive joy/purpose from my work! My bare bones number was $625K but with recent inflation, I am upping that number to $700K. Plan is to be retired from full time work by 2035 with a Fat-Fire.


EOY Net Worth:
2021: $63.0K
2022: $87.7K
2023: $157.3K

[Mashasv]

Hello everyone! Eager to join this cohort, as 2030 sounds doable (I wish it’d be sooner but oh well 🤭).
I’m 38F and single, started investing 3 years ago. Also in Europe so everything our friend Alex told you about lots of taxes are true for me too 🥹😅. I’m about at 25% mark to FI number, selling one of the 2 condos I own will help bump that % , after paying off all mortgages and other loans. I’m a big fan of the stock market, ETFs and stocks all the way!
Good luck everyone and let’s do this 💪🤑💸😏

[401Killer]

MAY 27, 2020
I'll play! 41y/o SINK.

NW = $495k
Invested = $306k ($290 401k - $15k Roth)
House Value = ~$195k
Cash = $25K
Debt = $44k House

DEC 27th, 2020
NW = $584k
Invested = $387k ($364 401k - $22k Roth)
House Value = ~$204k
Cash = $19.5K
Debt = $42.4k House

June 28, 2021
NW = $702k
Invested = $470k ($439k 401k - $32k Roth)
House Value = ~$234k
Cash = $23K
Debt = $36k House

JAN 5th, 2022
NW = $751.4k
Invested = $516.5k ($471k 401k - $34k Roth, VG Personal $3.7k, HSA $7.9k)
House Value = ~$227k
Cash = $18K
Debt = $30.3k House

Broke 3/4!

June 19, 2023
NW = $850k
Invested = $545k ($481k 401k - $39.4k VG Roth, VG Brokerage $12.7k, HSA $11k)
House Value = ~$271k
Cash = $14K
Debt = $0

Apr 10 2024
NW = $967,859!!!!!!
Invested = $650k
House Value = $278,700 (Possibly up to 302k depending on source)
Cash = $20,295
Debt = -$22,251 (Bought a Toyota Hybrid)

It's crazy how quickly things can move. There is an extremely good chance I'll hit the mini second comma this year!

Keep it up 2030's!!