It's been a year, and we've had to reevaluate our goals again, somehow we just keep overshooting them.
July 7th, 2014
2014: $60,000 (+24,000)
2015: $90,000 (+30,000)
2016: $125,000 (+35,000)
2017: $160,000 (+35,000)
2018: $200,000 (+40,000)
2019: $250,000 (+50,000)
2020: $300,000 (+50,000) Milestone 1
January 1st, 2015
2014: $77,459 (+37,000)
2015: $117,000 (+40,000)
2016: $157,000 (+40,000)
2017: $200,000 (+43,000)
2018: $245,000 (+45,000)
2019: $295,000 (+50,000) Milestone 1
2020: $350,000 (+55,000)
July 31st, 2015
2015: $140,000 (+70,000)
2016: $190,000 (+50,000)
2017: $250,000 (+60,000)
2018: $315,000 (+65,000) Milestone 1
2019: $385,000 (+70,000)
2020: $465,000 (+80,000)
Current standing is about $113,700
From our original prediction of hitting Milestone 1 in 2020, we are now looking at 2018, two years early. I suspect in January we may be resetting our goals again. We started a more aggressive savings strategy now to make more use of our tax advantaged buckets.
The reason our growth is expected to sort of slow down a bit is because our house was bought in a deflated market and is almost back up to market value. Once that gravy train runs out then we should see more realistic appreciation around 3% rather than the unrealistic rate of 10% we've seen these past two years.