Author Topic: Race from 10 to 100k!!  (Read 868930 times)

Serendip

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Re: Race from 10 to 100k!!
« Reply #3350 on: January 02, 2021, 06:34:35 PM »
Dec '17    18,146
Jan '18     23,607

Dec '18    48,380
Dec '19    60,746

Jan '20     63,186
May '20    62,300
June '20   63,000
July '20    58,562
Oct '20     60,900

Dec '20    62,900 

 **a disappointing year on this thread--my savings was hit by a kitchen renovation (a faucet leak ruined our counter and it snowballed from there). I was out of work for 3.5 months due to Covid, did too much stress-shopping & I also lent my sister $5K towards a house down-payment but I feel okay moving into 2021 with clear goals of less spending/more saving.
 :)

NotSoMustachian

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Re: Race from 10 to 100k!!
« Reply #3351 on: January 02, 2021, 11:45:07 PM »
Guess I should check in here since I've graduated from the 10k thread.

Dec-19        $0
Aug-20     $10,559.72
Sep-20     $9,266.04
Oct-20     $10,991.01
Nov-20     $22,255.72
Dec-20     $24,461.98

I have no idea what to expect for the coming year.  Hoping to get a raise at work to help with saving.

Imma

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Re: Race from 10 to 100k!!
« Reply #3352 on: January 03, 2021, 05:18:40 AM »
Dec '17    18,146
Jan '18     23,607

Dec '18    48,380
Dec '19    60,746

Jan '20     63,186
May '20    62,300
June '20   63,000
July '20    58,562
Oct '20     60,900

Dec '20    62,900 

 **a disappointing year on this thread--my savings was hit by a kitchen renovation (a faucet leak ruined our counter and it snowballed from there). I was out of work for 3.5 months due to Covid, did too much stress-shopping & I also lent my sister $5K towards a house down-payment but I feel okay moving into 2021 with clear goals of less spending/more saving.
 :)

Very disappointing indeed! ;) You were unemployed, paid for unexpected maintenance on your home, helped out a family member and you still ended up with more money than you started the year with! 

Slanhirn

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Re: Race from 10 to 100k!!
« Reply #3353 on: January 03, 2021, 09:39:05 AM »
Tracking net worth, goal is 100K rather than $100K :). Very hopeful I might be able to hit this before the end of 2021! I'm grateful my net worth has remained largely on track despite the rocky market conditions in the first half of this year. The growth mostly happened in the second half of the year when the market recovered as for a lot of 2020 I had a significant pay cut (which I'm not sure when I'll be paid back for just yet sadly). Also my student loan will be gone by the middle of the year which will free up cash for extra savings, so all in all 2021 is looking positive.

EOY 12.2016 - (-10,250)
EOY 12.2017 - 4,360
EOY 12.2018 - 40,620
EOY 12.2019 - 62,523
EOY 12.2020 - 82,420
01.2021 - 84,647 (+2,227)

Assets = 86,220
Student loans = (1,573)

Serendip

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Re: Race from 10 to 100k!!
« Reply #3354 on: January 03, 2021, 05:30:51 PM »
Very disappointing indeed! ;) You were unemployed, paid for unexpected maintenance on your home, helped out a family member and you still ended up with more money than you started the year with!

ha...thanks for calling me out on that @Imma --sometimes it's easy to get down on our progress but a better option is to keep moving forward and be grateful!

kaposzta

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Re: Race from 10 to 100k!!
« Reply #3355 on: January 04, 2021, 07:05:33 AM »
July 12, 2019: $66,565
Aug 1, 2019: $68,207 (+2.47%, +$1,642)
Aug 29, 2019: $69,931 (+2.53%, +$1,724)
Sept 29, 2019: $71,138 (+1.73%, +$1,207)
Oct 31, 2019: $71,517 (+0.53%, +$379)
Nov 29, 2019: $73,138 (+2.27%, +$1,621)
Jan 01, 2020: $74,276 (+1.56%, +$1,138)
Feb 06, 2020: $73,621 (-0.88%, -$655)
March 05, 2020: $74,517 (+1.22%, +$896)
No data for April, I lost my interest seeing the losses :)
May 05, 2020: $68,620 (-8.59%, -$5,897)
June 04, 2020: $70,345 (+2.51%, +$1,725)
July 02, 2020: $72,483 (+3.04%, +$2,138)
August 05, 2020: $74,655 (+3.00%, +$2,172)
Sept 03, 2020: $75,241 (+0.78%, +$586)
Oct 01, 2020: $77,551 (+3.07%, +$2,310)
Nov 05, 2020: $79,310 (+2.27%, +$1,759)
Dec 04, 2020: $81,241 (+2.43%, +$1,931)
Jan 04, 2020: $83,207 (+2.38%, +$1,931 <- same as in Nov :) )

My SR was again quite bad, 51% (last year 59%), so the total yearly SR was a disappointing 60% (a 2,26% drop from last year).
Investments were okay, I received some missing payments from domaining, so apart from the excessive spending, it was a nice improvement.

Goals for 2021:
- 63%+ SR
- $100k by the end of 2021
- A bit more aggressive portfolio building (risky bond/stock ETFs: 55% -> 60%, stocks 0% -> 5%)
- 10x efforts on domain business (net profit: $3.5k -> $7k)


bcbaseballman

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Re: Race from 10 to 100k!!
« Reply #3356 on: January 04, 2021, 07:25:12 AM »

2018
1/31 : (5949.05)
2/28 : (5288.30)
3/31 : (4273.93)
4/30 : (2592.07)
5/31 : (629.70)
6/30 : 1,206.77
7/31 : 2,703.97
8/31: 5,651.70
9/31: 8,039.01
10/31: 7,803.49
11/30: 9,531.28
12/31: 9,296.79

2019
1/31/19: 13,493.35
2/28/2019: 15,766.50
3/31/2019: 19,286
4/30/2019: 19,283
5/31/2019: 18,676
6/30/2019 :22,362
7/31/2019: 24,646
8/30/2019: $27,199
9/31/2019: $30,664
10/31/2019: $33,343
11/30/2019: $35,249
12/31/2019: $39,079

2020
1/31/2020: $44,514
2/29/2020: $48,891
3/31/2020: $46,104
4/30/2020: $52,720
5/31/2020: $55,177
6/30/2020: $59,720
7/31/2020: $65,792
8/31/2020: $71,970
9/30/2020: $72,466
10/31/2020: $72,288
11/30/2020: $80,093


12/31/2020: $84,002

Was a great year for me. I doubled my net worth from 1 year ago. I goal is to graduate from this thread in May.

https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?usp=sharing


Sanitary Engineer

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Re: Race from 10 to 100k!!
« Reply #3357 on: January 05, 2021, 08:25:26 AM »
May 31, 2020          - $ 72,426.81
June 19, 2020         - $ 82,681.14 (+$10,254.33)
August 6, 2020        - $ 89,237.00 (+$ 6,555.86)
September 2, 2020  - $ 93,346.17 (+$ 4,109.17)
October 6, 2020      -  $103,450.xx(+$10,103.xx)
January 5, 2021      -  $114,837.xx (+$11,387.xx)

Savings and investment growth over the past 219 days was $42,411.  I'll take it and see what happens next year in the race to 250K.
Thanks to everyone keeping the thread active and keeping the challenge in the fore front of my thinking.  When it was time to decide what to do with extra money I kept saying, "I am in the race to 100K."
 

hal

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Re: Race from 10 to 100k!!
« Reply #3358 on: January 05, 2021, 06:43:08 PM »
May 31, 2020          - $ 72,426.81
June 19, 2020         - $ 82,681.14 (+$10,254.33)
August 6, 2020        - $ 89,237.00 (+$ 6,555.86)
September 2, 2020  - $ 93,346.17 (+$ 4,109.17)
October 6, 2020      -  $103,450.xx(+$10,103.xx)
January 5, 2021      -  $114,837.xx (+$11,387.xx)

Savings and investment growth over the past 219 days was $42,411.  I'll take it and see what happens next year in the race to 250K.
Thanks to everyone keeping the thread active and keeping the challenge in the fore front of my thinking.  When it was time to decide what to do with extra money I kept saying, "I am in the race to 100K."

Congrats! Some awesome gains there. Excited for you.

sb510

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Re: Race from 10 to 100k!!
« Reply #3359 on: January 05, 2021, 10:58:13 PM »
(Start of)
Oct 2020 $4,757
Nov 2020 $7,823
Dec 2020 $10,385 (Started MMM 100k challenge)
Jan 2021 $14,012

Happy new year! So great to see everyone's progress.

mckaylabaloney

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Re: Race from 10 to 100k!!
« Reply #3360 on: January 06, 2021, 07:50:14 AM »
Congrats @Sanitary Engineer! You're killing it.

mountain mustache

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Re: Race from 10 to 100k!!
« Reply #3361 on: January 08, 2021, 06:04:41 AM »
10/02/2020- $14835.83
11/13/2020- $16110.56
12/11/2020- $16675.72
01/08/2021- $19310.15

soily

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Re: Race from 10 to 100k!!
« Reply #3362 on: January 08, 2021, 08:14:57 AM »
                    401K          IRA          Total
Jan 2018:   $1,050        $1,230      $2,280
Jan 2019:   $6,800        $3,500      $10,300
Jan 2020:   $12,100      $6,600      $18,700
Feb 2020:   $12,500      $6,500      $18,000
Mar 2020:   $12,700      $6,100      $18,800
Apr 2020:   $12,100      $5,100      $17,200
Aug 2020:  $21,200       $6,800     $28,000
Nov 2020:  $29,000       $7,500     $36,500

Hopefully I'll start contributing to my IRA in January. My discretionary spending has been a little out of hand.
Welp I sold my house and inherited some money so I'll have a large amount of cash until I decide to buy another home. Also I finally have my finances under control to where I can max out my roth.

                    401K          IRA      Cash/Equity     Total
Jan 2018:    1,050         1,230           --               2,280
Jan 2019:    6,800         3,500           --               10,300
Jan 2020:    12,100       6,600           --               18,700
Feb 2020:    12,500       6,500           --               18,000
Mar 2020:    12,700       6,100           --               18,800
Apr 2020:    12,100       5,100           --               17,200
Aug 2020:   21,200        6,800          --               28,000
Nov 2020:   29,000        7,500          --               36,500
Jan 2021:    31,300        7,800      37,400           76,500

mgardner88

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Re: Race from 10 to 100k!!
« Reply #3363 on: January 08, 2021, 09:36:53 AM »
7/1/2020: $46,295
8/1/2020: $49,461 (+3,166)
9/1/2020: $51,488 (+2,027)
10/1/2020: $52,753 (+1,265)
11/1/2020: $53,942 (+1,189)
12/1/2020: $56,152 (+2,210)
1/8/2021: $63512 (+7,360)

Extra money this month because of the stimulus (3k into a savings acct for roof replacement) but even without it we started contributing much more to our retirement accounts (adios credit cards) I dont know on our income level if we will ever be able to max them out but this is a good start. Hope to keep the same savings rate over the entire year, pay for our roof in cash, and tuck a little away for emergencies. Would love to reach 100k by 10/1/2021 although im not sure what to expect from this year market wise. I took a paycut and benefit cut in 2020, which i wont see any increase in pay until 2022. Just going to keep pushing forward. Happy New Year everyone!

Rosy

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Re: Race from 10 to 100k!!
« Reply #3364 on: January 08, 2021, 09:53:10 AM »
GOAL - $100K by Dec 2021

$  4,588 June 2017
$ 10,117 Dec 2017

$ 10,715 Jan 2018
$ 31,034 Dec 2018
       
$ 31,094 Jan 2019
$ 50,000 Dec 2019

$ 53,000 Jan 2020
$ 85,000 Dec 2020

REVISED - UPDATE: $ 86,863 Jan 2021

dizzy

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Re: Race from 10 to 100k!!
« Reply #3365 on: January 08, 2021, 11:29:50 AM »
Oct 2019- $1000
Nov 2019- $2340
Dec 2019- $2779
Jan 2020- $5658
Feb 2020- $5539
Mar 2020- $5024
Apr 2020- $5444
May 2020- $8302  (wherein I finally got some of unemployment)
June 2020- $20864 (wherein I got more unemployment plus the EIDL)
mid July 2020- $31724 (got the rest of the backpay, woohoo!)
7/31/20- $33340
9/2/20- $36366
9/17/20 - $42978
10/2/20- $43800
10/31/20- $47854
11/11/20- $53709
12/23/20- $64158
1/8/21- $69542

Hit almost $70k despite spending almost $1k in the last month on backpacking gear, whoops!  Getting my partner set up and needed to upgrade to 2 person tent.
I will be selling a few things tho to make up for this.

My stocks have been doing great, particularly positions in GBTC, MSTR.  Don't want to rely on this tho (and yo- I am VERY diversified, don't worry) so trying to double down on saving $$ on groceries (see my groceries journal on this site) and bank bonuses again, had taken some time off.

DieHard_772

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Re: Race from 10 to 100k!!
« Reply #3366 on: January 11, 2021, 11:26:54 AM »
GOAL - $100K by Dec 2021

$  4,588 June 2017
$ 10,117 Dec 2017

$ 10,715 Jan 2018
$ 31,034 Dec 2018
       
$ 31,094 Jan 2019
$ 50,000 Dec 2019

$ 53,000 Jan 2020
$ 85,000 Dec 2020

REVISED - UPDATE: $ 86,863 Jan 2021

Way to go @Rosy

IrishFI

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Re: Race from 10 to 100k!!
« Reply #3367 on: January 12, 2021, 10:56:07 AM »
Hi Everyone, recently passed 10k so wanted to check in here.

Emergency fund - 3k
Pension - 3469
ETF - 5290 (tax on gains not deducted)
Poker Roll - 140

Goal for 2021 is to reach 20k. GL everyone.

Manchester

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Re: Race from 10 to 100k!!
« Reply #3368 on: January 13, 2021, 05:04:37 AM »
Hi Everyone, recently passed 10k so wanted to check in here.

Emergency fund - 3k
Pension - 3469
ETF - 5290 (tax on gains not deducted)
Poker Roll - 140

Goal for 2021 is to reach 20k. GL everyone.

Welcome to the thread!

Moonwaves

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Re: Race from 10 to 100k!!
« Reply #3369 on: January 13, 2021, 05:31:11 AM »
Hi everyone. I'm not quite out of the 10k thread yet but just realised that all going well, I should be by next year. Posting here already as a bit of extra motivation.



P.S. 10k is the goal for my fledgling ETF account plus an ordinary savings account (emergency fund). Once I join here I shall make myself feel better by also adding in the amounts in various pensions. Last time I checked I think I had just passed the 30k mark. Must go on the hunt for passwords and login information again.

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3370 on: January 13, 2021, 06:42:53 AM »
Tracking investments, emergency fund and additional pension investments (all to be used to retire together with SO!)
(not tracking company pension investments, house value and current accounts)

15 May 2020: EUR 17,034
15 December 2020: EUR 23,325

13 January 2021: EUR 24,006
(2021 goal: EUR 35K)

With a market like this, the amounts just go up!
No salary increase this year due to COVID19, which is understandable in the business the company is in. Hope to still be able to get to my goal at the end of the year, just trying to put as much funds in my accounts as possible. With an extended lockdown here in Dutchieland a no-spending month will be easy!

Great to see the progress of all others. I do not see anybody whose amounts went down, so keep up the good work.
 


Stubblestache

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Re: Race from 10 to 100k!!
« Reply #3371 on: January 14, 2021, 10:23:26 AM »
Just come to have a little vent. I'm very much in the looong middle ground of this race at 65k invested and I'm starting to get really itchy feet.

I dont even want to spend the money, I'm just grumpy about how long it is taking. It feels like the push forward to the next major milestone of 75k is a long way away.

Ok, rant over. Thanks everyone.

DieHard_772

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Re: Race from 10 to 100k!!
« Reply #3372 on: January 14, 2021, 11:27:22 AM »
Just come to have a little vent. I'm very much in the looong middle ground of this race at 65k invested and I'm starting to get really itchy feet.

I dont even want to spend the money, I'm just grumpy about how long it is taking. It feels like the push forward to the next major milestone of 75k is a long way away.

Ok, rant over. Thanks everyone.

Been there @Stubblestache . I  get it.  You'll be surprised! Before you know it, that number will be in your rearview... Keep the faith, buddy

Stubblestache

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Re: Race from 10 to 100k!!
« Reply #3373 on: January 14, 2021, 03:13:23 PM »
Just come to have a little vent. I'm very much in the looong middle ground of this race at 65k invested and I'm starting to get really itchy feet.

I dont even want to spend the money, I'm just grumpy about how long it is taking. It feels like the push forward to the next major milestone of 75k is a long way away.

Ok, rant over. Thanks everyone.

Been there @Stubblestache . I  get it.  You'll be surprised! Before you know it, that number will be in your rearview... Keep the faith, buddy

Thanks mate. Yeah you're right, I had similar feelings at around the 30-40k mark. Guess there's a reason that not many people do this!

Tinker

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Re: Race from 10 to 100k!!
« Reply #3374 on: January 14, 2021, 03:19:06 PM »
aw don't get down on it.
I understand, though. I've had a really good year, and even if i have another one of those, it's still not 100k. More likely to proceed slower. Or maybe not, but have a horrible, scary correction somewhere in the middle. "Really, how long can this take?"

It's a journey kind of thing. Take your time and explore all your options to be content with yourself, maybe even to enrich other lives on the way, all without throwing your money away.

Trifele

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Re: Race from 10 to 100k!!
« Reply #3375 on: January 15, 2021, 01:51:16 AM »
Just come to have a little vent. I'm very much in the looong middle ground of this race at 65k invested and I'm starting to get really itchy feet.

I dont even want to spend the money, I'm just grumpy about how long it is taking. It feels like the push forward to the next major milestone of 75k is a long way away.

Ok, rant over. Thanks everyone.

I've been there @Stubblestache.  It took me about 12 years to reach 100k.  If your savings is pretty automated, maybe take some time away from watching the stache grow and focus on other things for a while.  There were a couple times in my journey where I had to do that because it seemed so agonizingly slow.   It's kind of like a bucket filling up drip by drip -- I figured if it's filling it doesn't need me there watching it three times a day haha.  You'll get there!

Stubblestache

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Re: Race from 10 to 100k!!
« Reply #3376 on: January 15, 2021, 03:25:58 AM »
Thanks for the encouragement. I'm just being a moaner and impatient :D

I wish I could step away but I get paid variable amounts each month so have to be a bit more hands on with it all. That's a good suggestion though @Trifele , I'll have a think of how I could spend less time glaring at the 'stash and willing it to get bigger.


Trifele

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Re: Race from 10 to 100k!!
« Reply #3377 on: January 16, 2021, 03:06:02 AM »
I wish I could step away but I get paid variable amounts each month so have to be a bit more hands on with it all. That's a good suggestion though @Trifele , I'll have a think of how I could spend less time glaring at the 'stash and willing it to get bigger.

Yeah in that case (having to be hands on) it's trickier to find that balance.  But a lot of good Life happens during our road to FIRE . . . we just gotta figure out how to enjoy it while simultaneously accumulating

TerrierTown

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Re: Race from 10 to 100k!!
« Reply #3378 on: January 17, 2021, 06:09:53 AM »
01 Jun 2019 NW 44,112
01 Jul 2019 NW 46,737  (+2,625)
02 Apr 2020 NW 61,865 (+15,128)
15 Aug 2020 NW 73,912 (+12,047)
15 Dec 2020 NW 80,781 (+6,869)
17 Jan 2021 NW 83,923 (+3,142)

Getting there! Paid off 25,000 from my mortgage last year on a 38,000 salary so pretty high savings rate! Just got to keep going! Wish I'd have recorded my NW in January last year! Will try to do this monthly now.

Manchester

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Re: Race from 10 to 100k!!
« Reply #3379 on: Today at 06:17:06 AM »
Hi guys,

My N/W grew by 2,069.06 to a new total of 42,771.24

Markets did most of the heavy lifting.  My investments were at -24% (compared to what I'd invested) 10 months ago, compared to over +30% today.  That's crazy, right?  :')

Still getting paid less with this current lockdown.  Still saving for my wedding.  Once things get back to normal and I'm married I really think my progress should skyrocket.

Hope you're all keeping well and staying safe.... 

mountain mustache

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Re: Race from 10 to 100k!!
« Reply #3380 on: Today at 07:39:37 AM »
Making steady progress, especially now that I have a 2nd part time job. I also did an uber frugal January, and it's amazing to see the progress that can be made just by cutting most spending outside of rent/food.

10/02/2020- $14835.83
11/13/2020- $16110.56
12/11/2020- $16675.72
01/08/2021- $19310.15
01/22/2021- $20533.24