Author Topic: Race from 10 to 100k!!  (Read 569409 times)

eav

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Re: Race from 10 to 100k!!
« Reply #2500 on: July 03, 2019, 07:26:17 AM »
25F

June '19: $52,951
July '19: $55,573

To my fellow Americans, enjoy the 4th!

Cezil

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Re: Race from 10 to 100k!!
« Reply #2501 on: July 03, 2019, 07:36:16 AM »
Quote
Dec-2016: $32,870.70
Dec-2017: $58,271.55   (+ 25,400.85)
Dec-2018: $72,493.16   (+ 14,221.61)

Jan-2019:    $81,866.77  (+ 9,373.61)
Feb-2019:   $87,222.31  (+ 5,355.54)
Mar-2019:   $88,865.95 (+ 1,643.64)
Apr-2019:   $93,050.94  (+ 4,184.99)
May-2019:  $91,719.70  ( - 1,331.24)


Jun-2019:  $95,665.54   (+ 3,945.84)

Fingers crossed for graduation at the end of August!  It can’t not happen (due to my automated savings) unless the markets go down again, so we shall see!  I’ve held a consistent 37.5% savings rate these past few months, I’d like to get that number higher.  Time to get creative..

DadJokes

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Re: Race from 10 to 100k!!
« Reply #2502 on: July 03, 2019, 08:53:05 AM »
If I were to trust Zillow, my home value fluctuates far more than the stock market. In May, I checked it for the first time after owning the house for a year. In that time, the value had increased by 10k per the zestimate, so I retroactively adjusted my net worth to allocate that gain across that time. A month or two later, it apparently dropped significantly, which I think was due to me refinancing for a fairly low value. I checked it a few minutes ago, and Zillow claims the home value has increased by $25k in the last 30 days, probably due to the sale of my neighbor's house.

I don't want to track my home at cost, because that isn't accurate, but I also don't want to use Zillow, since that is obviously inaccurate as well. Historically, home values have increased by 5-10% per year, for the most part. In the interest of balancing between accuracy, conservatism, and a desire for stability, I think I am going to build in 5% per year appreciation.

It doesn't have any bearing on my retirement number right now, but I don't plan to retire in this house - it's just too big for my liking, and I don't want to live in an HOA forever. However, it is still part of my net worth, and a 5% annual gain seems like a happy medium to use.

M5

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Re: Race from 10 to 100k!!
« Reply #2503 on: July 03, 2019, 08:55:54 AM »
4/13/18: $14,324.67
12/27/18: $20,377.45
2/6/19: $27,927.20
3/1/19: $33,596.07
4/3/19: $57,285.55
5/7/19: $61,326.50
6/10/19: $62,992.97

7/3/19: $67,032.16

Not quite sure where this big jump came from this month, but I'll take it. It'll even out next month though as we have to spend a couple grand to pay for the repairs we had done to our rental house to get it ready to sell.

haypug16

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Re: Race from 10 to 100k!!
« Reply #2504 on: July 03, 2019, 11:10:17 AM »
June 2019 Update
3/31/2017 (52,848.85) - Found MMM
3/31/2018 $(14,916.69) - 1 year in
3/31/2019 $9,917.20 - 2 years in
4/30/2019 $19,835.78
5/31/2019 $21,498.65
6/30/2019 $17,825.45 -3,673.20 decrease

Looking forward to returning to work this month so I can turn this number back around. I am grateful that I had this time home with the little one and was able to live off the small STD payout (5 weeks) and some of the bonus I got right before heading out on Maternity Leave. I was able to keep all my bills paid and not rack up any credit card debt in the process. I'll also have a chance to get caught up on the forums (I hope)

lexde

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Re: Race from 10 to 100k!!
« Reply #2505 on: July 03, 2019, 03:32:30 PM »
3/15/2018: $12,926.94
3/31/2018: $12,989.49
4/13/2018: $16,254.32
4/30/2018: $17,831.70
5/15/2018: $18,911.08
5/31/2018: $21,674.06
6/15/2018: $23,447.78
6/29/2018: $20,396.96
7/21/2018: $22,666.63
7/31/2018: $24,667.50
8/23/2018: $25,400.62
8/31/2018: $27,393.30
9/14/2018: $28,138.60
9/28/2018: $30,242.60
10/26/2018: $29,793.20
11/21/2018: $32,551.23
12/7/2018: $33,589.65
12/21/2018: $33,986.10
1/18/2019: $35,782.18
2/15/2019: $43,365.46
3/1/2019: $44,391.15
3/15/2019: $45,689.39
3/31/2019: $48,303.11
05/25/2019: $53,145.15
06/07/2019: $54,674.68
06/21/2019: $57,532.15

07/03/2019: $58,718.06

Always a small jump with the first paycheck, second paycheck of the month will kick me up a bigger notch since rent just came out of this one. Steady upward progress, should hit 60k this month. Got a weird bonus at work, as did everyone else. No complaints though. Up almost $40k from this time last year so I’m happy so far.

Lamancha

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Re: Race from 10 to 100k!!
« Reply #2506 on: July 04, 2019, 09:12:37 PM »
Nov 2018- $23,000
Dec 2018- $26,000
Jan 2019- $29,000
Feb 2019- $36,000
March 2019- $40,000
April 2019- $43,000
May 2019- $48,000
June 2019- $54,000
July 2019- $60,600

okcisok

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Re: Race from 10 to 100k!!
« Reply #2507 on: July 05, 2019, 06:53:27 PM »
I'm in!

April 19 $37,975
May 19  $43,823
June 19 $50,556
July 19  $81,732

I didn't start tracking until this year, even though I found MMM about two years ago. (The big jump between June and July was realizing one of my accounts wasn't linked properly and wasn't reporting to my bottom line.)

Considering I was underwater on a house and making car payments three years ago, I'm doing very well! Zero debt, and worth about 1.5x my annual income. I'm still behind by some metrics, but I'm looking forward to how much I can save in future instead of back at past mistakes.

zygote

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Re: Race from 10 to 100k!!
« Reply #2508 on: July 08, 2019, 02:14:20 PM »
7/19: $96,745.04 (+6,329.74)

Reporting early since I'm about to go out of town. Getting very close, though my net worth keeps vacillating with the market. I'm not convinced I'll stay above the threshold once I reach it...

Got back from my trip, and opened Personal Capital to see a net worth of $100,555.32. Wow.

The number isn't really real because I owe my wife for my half of July rent and our vacation expenses, but I still wanted to mark the moment. We'll see if I can get it back up again by 8/1.

CanadianTeacher

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Re: Race from 10 to 100k!!
« Reply #2509 on: July 10, 2019, 01:52:04 PM »
Just graduated from the 50k thread, figured I'd join this one. My savings journey after graduating from university started at about 10k, so this thread is appropriate. Here's my recorded history:

January 2018: $18,944.35
February 2018: $22,047.46
March 2018: $23,463.61
April 2018: $24,224.19
May 2018: $26,173
Jun 2018: $29,519.62

October 2018: $29,676.50
November 2018: $32,923.90
December 2018: $34,394.85
January 2019: $39,825.43
February 2019" $43,508.66
April 2019: $48,394.91
July 2019: $65,536.55 (+$17,141.64)

The reason fro the big jump during the last three months is because as a teacher, a portion of my paycheque is withheld each month. This was all paid out to me at the beginning of July. Essentially I got three paycheques at once (June, July, and August). But this also means I won't be getting my next paycheque until the end of September. It was a tough year, so I do plan on using some of this money to vacation, but I don't expect to fall below $58,000 before my September paycheque. I also have small amounts of money trickling in from side hustles.

Goal is to each $100,000 by Summer 2020. A good chunk of this will be used as a downpayment, but I won't be purchasing until 2021 at the earliest.

catorbe

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Re: Race from 10 to 100k!!
« Reply #2510 on: July 10, 2019, 03:53:44 PM »
Just graduated from the 50k thread, figured I'd join this one. My savings journey after graduating from university started at about 10k, so this thread is appropriate. Here's my recorded history:

January 2018: $18,944.35
February 2018: $22,047.46
March 2018: $23,463.61
April 2018: $24,224.19
May 2018: $26,173
Jun 2018: $29,519.62

October 2018: $29,676.50
November 2018: $32,923.90
December 2018: $34,394.85
January 2019: $39,825.43
February 2019" $43,508.66
April 2019: $48,394.91
July 2019: $65,536.55 (+$17,141.64)

The reason fro the big jump during the last three months is because as a teacher, a portion of my paycheque is withheld each month. This was all paid out to me at the beginning of July. Essentially I got three paycheques at once (June, July, and August). But this also means I won't be getting my next paycheque until the end of September. It was a tough year, so I do plan on using some of this money to vacation, but I don't expect to fall below $58,000 before my September paycheque. I also have small amounts of money trickling in from side hustles.

Goal is to each $100,000 by Summer 2020. A good chunk of this will be used as a downpayment, but I won't be purchasing until 2021 at the earliest.

Welcome to the thread, just to clarify, this is a thread for net worth of 10k >>> 100k. This is not the save as that $50k thread where the goal was to save $50k period. So unless you're debt free you might have to adjust your numbers if you're trying to remain accurate to the thread. Also might want to consider what else might affect your net worth in terms of other assets (retirement, hsa, etc) besides your savings account.

CanadianTeacher

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Re: Race from 10 to 100k!!
« Reply #2511 on: July 10, 2019, 04:34:30 PM »
Ah, okay. I have no debt, but I also don't own a home. My car is a 1997 Chevy that I paid $900. Runs good, but don't know if I'd be able to sell it, so won't count that! I have lots of high priced kitchen gear, which would go for high dollar on the resale market, but I won't count those either as they are too easy to inflate.

I have two defined pension accounts. 1 of them I'm vested in but have only made around $6,000 in contributions. Since it's defined benefit, it's hard to figure out a value. There is a commuted value if I ever wanted to take it, but I have no idea what it would be. So let's say $3000 to be on the safe side.

The other pension account, I'm not vested in. I've made $7,678.96‬ in contributions. Since I'm not vested, the agreement is that I can take back all my contributions if I were to ever leave the career before being vested (another 4 more years worth of employment). So I can count that entire amount.

$65,536.55 + $7,678.96 + $3,000 = ‬ $76,215.51

I'm closer than I thought I was :)

CanadianTeacher

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Re: Race from 10 to 100k!!
« Reply #2512 on: July 10, 2019, 04:59:47 PM »
Just contacted my former pension plan. Commuted value is difficult to calculate and I'll get a figure in six months. But I was assured I will get at least my contributions + interest, so: $6,826.01

So my current net worth:
$65,536.55 + $7,678.96 + $6,826.01 = ‬ $80,041.52‬  Woot!


catorbe

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Re: Race from 10 to 100k!!
« Reply #2513 on: July 11, 2019, 12:19:05 AM »
Just contacted my former pension plan. Commuted value is difficult to calculate and I'll get a figure in six months. But I was assured I will get at least my contributions + interest, so: $6,826.01

So my current net worth:
$65,536.55 + $7,678.96 + $6,826.01 = ‬ $80,041.52‬  Woot!

Now as fun as that exercise was, I'm going to retract my own statement a little and say that generally there are things, completely up to your discretion, that are indeed better off excluded. I think an easy example is like an apartment deposit, you know it's your money technically, but it could go away depending on certain factors. So remember that a bird in hand is worth more than 2 in the bush and just be realistic with what you have, will have, and might not actually have for a long period or ever.

In your case it seems those things you mentioned are included/excluded accordingly:)

fluffmuffin

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Re: Race from 10 to 100k!!
« Reply #2514 on: July 12, 2019, 07:11:28 AM »
March 14, 2019: 91,383.01
March 22, 2019: 96,571.66
April 12, 2019: 99,627.63
April 19, 2019: 100,517.92
May 3, 2019: 100,567.21
May 20, 2019: 98,698.52
July 1, 2019: 97,874.14

July 12, 2019: 99,582.15

Kind of side-eyeing this, because I feel like I have to missing something. But if I am I can't find it.

My work has a wellness rewards program where you can do stuff to get Amazon gift cards: an annual wellness check, a month-long fitness challenge, etc. They also have online learning modules. I signed up for one on growing an emergency fund back in September, figuring I'd eyeroll my way through it as a Moderately Frugal Person with a pre-existing e-fund, and cash in my $50 without doing anything I wouldn't have been doing already. And damned if it didn't actually end up being helpful--I've never been that big on automated transfers, but it made me automate an additional savings stream that FOR SURE helped me through the financial carnage of 2019. I just completed the last challenge step, so now I'm up a few hundred dollars in savings AND $50 for Amazon. Win-win.

kaposzta

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Re: Race from 10 to 100k!!
« Reply #2515 on: July 12, 2019, 08:09:41 AM »
I'm in!

July 12, 2019: $66,565

It took me 11 years to get there.
I live in Hungary, so my salary (~$1.5k/month net including yearly bonus and benefits) is quite low compared to the US ones :)

CrabboStache

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Re: Race from 10 to 100k!!
« Reply #2516 on: July 13, 2019, 10:41:50 AM »
Long-time lurker, first post!

Usually track my net worth quarterly, but may start doing it more often.

4/1/18 - 8,288.95
11/14/18 - 17,977.82
3/30/19 - 24,649.79
7/1/19 - 29,604.18

I count cash, checking account, savings accounts, Roth IRA, 401h, 457, and HSA balance. I also throw $3000 in for the value of my car. KBB gave me that value, I somewhat doubt I could fetch that for it - but it's good enough for me in regards to this exercise. I also have a defined benefit pension plan through my work, but I do not count any of it's value towards my net worth as it's difficult to translate current value vs. potential value. Carry no debt of any sort at the moment.

Trifele

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Re: Race from 10 to 100k!!
« Reply #2517 on: July 13, 2019, 11:29:14 AM »
Welcome @CrabboStache and @kaposzta!  You picked a great first thread to post in CrabboStache, and kaposzta it took me about 13 years to get to 100k so no worries.  You're both doing great!

adamsputnik

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Re: Race from 10 to 100k!!
« Reply #2518 on: July 15, 2019, 12:32:30 PM »
1/18/18 - 18,350.00
3/15/18 - 20,267.70
5/17/18 - 19,930.00
8/31/18 - 25,908.00
9/21/18 - 28,115.00
11/30/18 - 29,835.00
12/14/18 - 30,879.00
12/31/18 - 30,072.00
1/15/19 - 32,774.00
1/31/19 - 34,776.00
3/13/19 - 36,967.00
4/5/19 - 39,465.00
5/3/19 - 41,790.00
6/7/19 - 44,852.00
7/12/19 - 48,436.00

Getting close to halfway!


jps

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Re: Race from 10 to 100k!!
« Reply #2519 on: July 15, 2019, 12:38:25 PM »
We just hit $51K in invested assets! Very excited to be more than halfway. We're not moving as quickly as some others here, but I hope to be finished by end of 2020!

Evasion

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Re: Race from 10 to 100k!!
« Reply #2520 on: July 17, 2019, 06:29:39 AM »
20 Dec 18 - 37,800
16 Jan 19 - 39,900
1 Feb 19 - 41,500
15 Feb 19 - 43,362
March 2019 - 45,496
Mid March 2019 - 45,815
April 19 - 46,412
Late April 2019 - 48,372
20 June 2019 - 50,890
3 July 2019 - 53,333
Mid July 2019 - 52,850

I knew this will happen as I had holiday spending planned but still, I hate going backwards. Will try to save very hard.

UnexpectedExpenseExpector

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Re: Race from 10 to 100k!!
« Reply #2521 on: July 17, 2019, 01:22:38 PM »
Welcome to all the new folks!

Here's the July update for the unexpected expense expector household:

2014 Jan: (129,703.05)
2015 Jan: (115,355.51)
2016 Jan: (82,545.00)
2017 Jan: 2,693.77
2018 Jan: 48,429.84

2019
January: 79,517.63
February: 87,532.51
March: 91,151.25
April: 95,594.61
May: 97,569.98
June: 104,249.52
...
2019 Jul: 100,000 (GOAL)

We did it! A month ahead of the goal!  I'll show myself out now and look forward to seeing you all soon in the next thread!

Cezil

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Re: Race from 10 to 100k!!
« Reply #2522 on: July 18, 2019, 06:15:17 AM »
June: 104,249.52
...
2019 Jul: 100,000 (GOAL)

We did it! A month ahead of the goal!  I'll show myself out now and look forward to seeing you all soon in the next thread!

Congratulations on your success!  I hope to see you in there by the end of August!

UnexpectedExpenseExpector

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Re: Race from 10 to 100k!!
« Reply #2523 on: July 18, 2019, 08:22:12 AM »
June: 104,249.52
...
2019 Jul: 100,000 (GOAL)

We did it! A month ahead of the goal!  I'll show myself out now and look forward to seeing you all soon in the next thread!

Congratulations on your success!  I hope to see you in there by the end of August!

Thanks!  I hope you make it by then or sooner!

lexde

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Re: Race from 10 to 100k!!
« Reply #2524 on: July 19, 2019, 08:17:19 AM »
3/15/2018: $12,926.94
3/31/2018: $12,989.49
4/13/2018: $16,254.32
4/30/2018: $17,831.70
5/15/2018: $18,911.08
5/31/2018: $21,674.06
6/15/2018: $23,447.78
6/29/2018: $20,396.96
7/21/2018: $22,666.63
7/31/2018: $24,667.50
8/23/2018: $25,400.62
8/31/2018: $27,393.30
9/14/2018: $28,138.60
9/28/2018: $30,242.60
10/26/2018: $29,793.20
11/21/2018: $32,551.23
12/7/2018: $33,589.65
12/21/2018: $33,986.10
1/18/2019: $35,782.18
2/15/2019: $43,365.46
3/1/2019: $44,391.15
3/15/2019: $45,689.39
3/31/2019: $48,303.11
05/25/2019: $53,145.15
06/07/2019: $54,674.68
06/21/2019: $57,532.15
07/03/2019: $58,718.06

07/19/2019: $60,172.27

Passed the 60K threshold! Up 20.9K this calendar year and 35.5K in the last 12 months. I'd like to hit 90K by 12/31/19 with 100K as a stretch goal. We'll see!

Hirondelle

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Re: Race from 10 to 100k!!
« Reply #2525 on: July 19, 2019, 08:21:25 AM »
Congrats @lexde, you're rocking it!

Nederstash

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Re: Race from 10 to 100k!!
« Reply #2526 on: July 19, 2019, 08:40:16 AM »
Aug 15: 5327 (found MMM)
Jan 16: 12700
Jan 17: 31444
Jan 18: 73227
Feb 18: 74628
Mar 18: 75981
Apr 18: 75766
May 18: 77414
Jun 18: 81980
Jul 18: 82825
Aug 18: 82665
Sep 18: 84098
Oct 18: 85029
Nov 18: 85620
Dec 18: 88171
Jan 19: 88673
Feb 19: 90575
Mar 19: 91673
Apr 19: 93802
May 19: 95808
Jun 19: 97470
Jul 19: 100741
 
Wait WHAT!! I made it!! I definitely wasn't expecting it. In fact, I completely forgot to check my networth at the beginning of the month, only just did it. I got a very generous 2k gift from my parents (thank you, mom and dad!) and the markets were very nice to me as well.
 
So I guess I graduate this thread earlier than I anticipated! Thank you all for the support along the way! See you all in the next thread :)

bcbaseballman

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Re: Race from 10 to 100k!!
« Reply #2527 on: July 19, 2019, 09:38:42 AM »
Congrats Nederstash & UnexpectedExpenseExpector it will be a while until I make the next thread (hopefully you both will be graduated from it as well). I wish you both good luck in the next step!

Serendip

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Re: Race from 10 to 100k!!
« Reply #2528 on: July 19, 2019, 10:28:09 AM »
Dec '17    18,146
Jan '18     23,607
Feb '18     27,000
Mar '18     29,008
Apr '18     30,100
May '18    35,030
Jun '18     36,700
July '18    39,000
Aug '18    40,150
Sep '18    42,500
Oct '18     43,300
Nov '18    44,500
Dec '18    48,380
Jan '19     51,210
Feb '19     53,000
Mar '19     55,075
Apr '19     53,065
May '19    54,008
June '19   56,272
July '19    57,022

*more big purchases but still managed a bit of savings..need to quell the spending

JAYSLOL

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Re: Race from 10 to 100k!!
« Reply #2529 on: July 19, 2019, 10:38:49 AM »
Aug 15: 5327 (found MMM)
Jan 16: 12700
Jan 17: 31444
Jan 18: 73227
Feb 18: 74628
Mar 18: 75981
Apr 18: 75766
May 18: 77414
Jun 18: 81980
Jul 18: 82825
Aug 18: 82665
Sep 18: 84098
Oct 18: 85029
Nov 18: 85620
Dec 18: 88171
Jan 19: 88673
Feb 19: 90575
Mar 19: 91673
Apr 19: 93802
May 19: 95808
Jun 19: 97470
Jul 19: 100741
 
Wait WHAT!! I made it!! I definitely wasn't expecting it. In fact, I completely forgot to check my networth at the beginning of the month, only just did it. I got a very generous 2k gift from my parents (thank you, mom and dad!) and the markets were very nice to me as well.
 
So I guess I graduate this thread earlier than I anticipated! Thank you all for the support along the way! See you all in the next thread :)

Noooooooooooooo!  Er, I mean Congrats!  Haha.  I made it to 96.5k, close race.  See you in the next one soon!

Treedream

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Re: Race from 10 to 100k!!
« Reply #2530 on: July 23, 2019, 01:49:53 PM »
Hiya, I've recently discovered this forum and thought I'd join the race

27F, single

Savings: €10.6K
Debt: €1.3K (at 0.01%)
NW: €9.288.21

I will start with investments next month once I've figured out the best vehicle. I won't count my pension, because I can't touch that until I'm 68. My goal for the end of the year is NW of €14.500, which would be €11.600 up from Jan 2019. I think at this pace it will take me at least 5 years. Sounds awefully slow compared to lots of you, guys!




catprog

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Re: Race from 10 to 100k!!
« Reply #2531 on: July 24, 2019, 04:07:01 AM »
Just discovered the thread so here is my figures
(Oct/2015) $21,229.91
(Oct/2016) $38,686.20
(Oct/2017) $69,217.02
(Oct/2018) $69,963.94 (New Car and then lost job. (old one was 300,000km)
(Jan/2019) $70,629.84
(Feb/2019) $74,360.85 (New job started)
(March/2019) $77,397.67
(April/2019) $82,140.83
(May/2019) $83,987.43
(June/2019) $87,146.59
(July/2019) $93,154.16 (Tax return was good, due to loosing job and getting a new one)

Does not include bank account , student debt(The repayments are tied to income, no interest but inflation linked)

Also do not own a home but no home lone


JAYSLOL

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Re: Race from 10 to 100k!!
« Reply #2532 on: July 24, 2019, 08:27:17 AM »
Hiya, I've recently discovered this forum and thought I'd join the race

27F, single

Savings: €10.6K
Debt: €1.3K (at 0.01%)
NW: €9.288.21

I will start with investments next month once I've figured out the best vehicle. I won't count my pension, because I can't touch that until I'm 68. My goal for the end of the year is NW of €14.500, which would be €11.600 up from Jan 2019. I think at this pace it will take me at least 5 years. Sounds awefully slow compared to lots of you, guys!

Welcome to the forum and the races, don’t worry about the pace too much!  100k saved in 5 years or so is already better than 95% of people on the planet.  It’s been almost 5 years since I found MMM, and I’m now hitting 100k.  Took the first year to get to 10k, then 2.5 more to get to 50k, now I’m up almost 50k in the last 1.5 years.  It’ll go faster and faster for you as you earn more, save more and start getting compounded returns.  You will have huge figures invested in no time if you get the saving and investing on autopilot. 

Hirondelle

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Re: Race from 10 to 100k!!
« Reply #2533 on: July 24, 2019, 08:32:16 AM »
Hiya, I've recently discovered this forum and thought I'd join the race

27F, single

Savings: €10.6K
Debt: €1.3K (at 0.01%)
NW: €9.288.21

I will start with investments next month once I've figured out the best vehicle. I won't count my pension, because I can't touch that until I'm 68. My goal for the end of the year is NW of €14.500, which would be €11.600 up from Jan 2019. I think at this pace it will take me at least 5 years. Sounds awefully slow compared to lots of you, guys!

Welcome to the forum and the races, don’t worry about the pace too much!  100k saved in 5 years or so is already better than 95% of people on the planet.  It’s been almost 5 years since I found MMM, and I’m now hitting 100k.  Took the first year to get to 10k, then 2.5 more to get to 50k, now I’m up almost 50k in the last 1.5 years.  It’ll go faster and faster for you as you earn more, save more and start getting compounded returns.  You will have huge figures invested in no time if you get the saving and investing on autopilot.

To add to that; most people get there faster than they anticipated (for some awesome examples, check the 'Long term NW goals' thread). You may get raises, find a side gig, your investments may take off once you've started them, you may get creative in cutting costs.

When I started in this thread I thought I'd end my 4 year job contract with about €60k, now I expect it to be in the €90-100k range because apparently I spend less and earn more than 2017 me expected.

Treedream

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Re: Race from 10 to 100k!!
« Reply #2534 on: July 24, 2019, 03:13:33 PM »
Hiya, I've recently discovered this forum and thought I'd join the race

27F, single

Savings: €10.6K
Debt: €1.3K (at 0.01%)
NW: €9.288.21

I will start with investments next month once I've figured out the best vehicle. I won't count my pension, because I can't touch that until I'm 68. My goal for the end of the year is NW of €14.500, which would be €11.600 up from Jan 2019. I think at this pace it will take me at least 5 years. Sounds awefully slow compared to lots of you, guys!

Welcome to the forum and the races, don’t worry about the pace too much!  100k saved in 5 years or so is already better than 95% of people on the planet.  It’s been almost 5 years since I found MMM, and I’m now hitting 100k.  Took the first year to get to 10k, then 2.5 more to get to 50k, now I’m up almost 50k in the last 1.5 years.  It’ll go faster and faster for you as you earn more, save more and start getting compounded returns.  You will have huge figures invested in no time if you get the saving and investing on autopilot.

To add to that; most people get there faster than they anticipated (for some awesome examples, check the 'Long term NW goals' thread). You may get raises, find a side gig, your investments may take off once you've started them, you may get creative in cutting costs.

When I started in this thread I thought I'd end my 4 year job contract with about €60k, now I expect it to be in the €90-100k range because apparently I spend less and earn more than 2017 me expected.

Thanks guys! I know, it just feels awfully slow ATM, even if I made amazing progress in the last 3 years, although I don't have records for all of it:

June 2018: -€60
Jan 2019: €2875.28
June 2019: €9288.22

DadJokes

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Re: Race from 10 to 100k!!
« Reply #2535 on: July 24, 2019, 03:22:46 PM »
Hiya, I've recently discovered this forum and thought I'd join the race

27F, single

Savings: €10.6K
Debt: €1.3K (at 0.01%)
NW: €9.288.21

I will start with investments next month once I've figured out the best vehicle. I won't count my pension, because I can't touch that until I'm 68. My goal for the end of the year is NW of €14.500, which would be €11.600 up from Jan 2019. I think at this pace it will take me at least 5 years. Sounds awefully slow compared to lots of you, guys!

Welcome to the forum and the races, don’t worry about the pace too much!  100k saved in 5 years or so is already better than 95% of people on the planet.  It’s been almost 5 years since I found MMM, and I’m now hitting 100k.  Took the first year to get to 10k, then 2.5 more to get to 50k, now I’m up almost 50k in the last 1.5 years.  It’ll go faster and faster for you as you earn more, save more and start getting compounded returns.  You will have huge figures invested in no time if you get the saving and investing on autopilot.

To add to that; most people get there faster than they anticipated (for some awesome examples, check the 'Long term NW goals' thread). You may get raises, find a side gig, your investments may take off once you've started them, you may get creative in cutting costs.

When I started in this thread I thought I'd end my 4 year job contract with about €60k, now I expect it to be in the €90-100k range because apparently I spend less and earn more than 2017 me expected.

I'll second that. When I started tracking in January, I had lofty hopes of reaching $100k by the end of 2019. At halfway through the year, it's looking like I'll hit $100k well ahead of schedule, and even a market downturn wouldn't stop me from hitting it this year.

Manchester

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Re: Race from 10 to 100k!!
« Reply #2536 on: July 25, 2019, 02:51:20 AM »
A little bit late posting, but these are my figures from 22/07.




My N/W has increased by £733 which is lower than what I've been averaging recently, but still going in the right direction. 

Dave15

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Re: Race from 10 to 100k!!
« Reply #2537 on: July 25, 2019, 01:34:38 PM »
25-6-2018            € 29.879,12 ------> Started Tracking
25-7-2018            € 30.749,12
25-8-2018            € 31.993,17
25-9-2018            € 33.185,00 ------> Found MMM
25-10-2018          € 34.433,66
25-11-2018          € 35.556,00
25-12-2018          € 41.939,62
25-1-2019            € 42.082,47
25-2-2019            € 44.338,00
25-3-2019            € 46.218,65
25-4-2019            € 47.829,00
03-6-2019            € 49.478,00
05-7-2019            € 52.722,00
25-7-2019            € 54.736,00

New graduate from the race to 50k thread joining in, already used that to track net worth, so no adjustments needed.

I'm a 26 year old guy, living together with my GF in one of the bigger Dutch cities. We are lucky enough to both make decent money for our age and Dutch standards, but rent is rather high. A big part of the numbers above is my half of the down payment we're saving up. GF is very frugal, and I've only just cathced up with her money wise: joint NW is slightly over 100K now! We keep finances separated, so I'll be tracking for myself only.

First six months of 2019 were very fortunate for me: vacation pay, extra monthly pay as a bonus and two holidays that were less expensive than expected. Now it's just hoping I can continue the streak. Next goal: 60k on the 5th of december ("Sinterklaas").

Best of luck to everyone posting and reading here, happy stashing!

ItsALongStory

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Re: Race from 10 to 100k!!
« Reply #2538 on: July 25, 2019, 07:28:26 PM »
25-6-2018            € 29.879,12 ------> Started Tracking
25-7-2018            € 30.749,12
25-8-2018            € 31.993,17
25-9-2018            € 33.185,00 ------> Found MMM
25-10-2018          € 34.433,66
25-11-2018          € 35.556,00
25-12-2018          € 41.939,62
25-1-2019            € 42.082,47
25-2-2019            € 44.338,00
25-3-2019            € 46.218,65
25-4-2019            € 47.829,00
03-6-2019            € 49.478,00
05-7-2019            € 52.722,00
25-7-2019            € 54.736,00

New graduate from the race to 50k thread joining in, already used that to track net worth, so no adjustments needed.

I'm a 26 year old guy, living together with my GF in one of the bigger Dutch cities. We are lucky enough to both make decent money for our age and Dutch standards, but rent is rather high. A big part of the numbers above is my half of the down payment we're saving up. GF is very frugal, and I've only just cathced up with her money wise: joint NW is slightly over 100K now! We keep finances separated, so I'll be tracking for myself only.

First six months of 2019 were very fortunate for me: vacation pay, extra monthly pay as a bonus and two holidays that were less expensive than expected. Now it's just hoping I can continue the streak. Next goal: 60k on the 5th of december ("Sinterklaas").

Best of luck to everyone posting and reading here, happy stashing!
Liking the Sinterklaas challenge. Make sure are a good kid and things will go your way. :-)

Sent from my Pixel 2 XL using Tapatalk


Hirondelle

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Re: Race from 10 to 100k!!
« Reply #2539 on: July 26, 2019, 02:15:53 AM »
I feel like this thread is starting to flood with Dutch people lately! Welcome @Dave15 .

Dec 2017 €14.300
June 2018 €23.300 (+9k over 6 months)
Dec 2018 €35.600 (+13.3k over 6 months)
Jan 2019 €39.000 (+3.400)
Feb 2019 €40.700 (+1.700)
Mar 2019 €42.400 (+1.700)
Apr 2019 €44.900 (+2.500)
May 2019 €46.200 (+1.300)
June 2019 €48.000 (+1.800)
July 2019 €49.400 (+1.400)

If it weren't for some prepaid work expenses that are waiting to be reimbursed I would've hit €50k!

LittleWanderer

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Re: Race from 10 to 100k!!
« Reply #2540 on: July 26, 2019, 09:02:11 AM »
I will start with investments next month once I've figured out the best vehicle. I won't count my pension, because I can't touch that until I'm 68. My goal for the end of the year is NW of €14.500, which would be €11.600 up from Jan 2019. I think at this pace it will take me at least 5 years. Sounds awefully slow compared to lots of you, guys!

Welcome!  I'll be here for a long time - happy to have your company!  :)

catorbe

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Re: Race from 10 to 100k!!
« Reply #2541 on: July 26, 2019, 09:48:24 AM »
I broke $10,000 on 9/9/2018. I'm up to $25k as of 2/17/2019.

With my paycheck tomorrow and the recent gains in market i'm around 32650 after a few minor expenses are paid out in the next few days. So 4 months since 25k and i'm at 32650. A change of 7650 / 4 is about 1912 a month.

My 8/2/19 balance (3 paychecks since last update) will be around $37,000 once paycheck, rent, and reimbursement from GF all settles. Solid gain for 1.5 months given my income.

paulkots

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Re: Race from 10 to 100k!!
« Reply #2542 on: July 30, 2019, 06:47:12 AM »
11/26/17: $47,707.48
06/22/18: $72,953.75
07/27/18: $71,676.31
08/23/18: $65,034.83
10/04/17: $63,306.87
10/26/18: $64,270.98
11/27/18: $66,467.65
12/26/18: $66,160.59
01/28/18: $64,688.44
03/25/19: $63,325.75
04/24/19: $65,022.87
06/04/19: $63,056.67

Did a Memorial Day roadtrip. Bought some parts for project car and also finished buying all the parts for 100k mile maintenance on my daily. Expenses were up for wine/food/going out. Also bought camping gear for my upcoming July roadtrip. Quarterly taxes were also paid.

07/30/19: $65,345.01

Missed a month since I was on a 30 day roadtrip. Numbers look good since quarter taxes and un-invested IRA monies are part of it. Vacations are behind so I need to start catching up with a few financial loose ends.

zygote

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Re: Race from 10 to 100k!!
« Reply #2543 on: July 30, 2019, 09:09:54 AM »
Got back from my trip, and opened Personal Capital to see a net worth of $100,555.32. Wow.

The number isn't really real because I owe my wife for my half of July rent and our vacation expenses, but I still wanted to mark the moment. We'll see if I can get it back up again by 8/1.

For context: I'm 30 in a HCOL city. I'm married, but these are my own numbers since we keep our finances separate. Includes cash, retirement, and credit cards, which are used for normal expenses and paid off in full every month.

3/18: $48,533.91
4/18: $53,215.13 (+4,681.22 - extra paycheck)
5/18: $55,433.65 (+2,218.52)
6/18: $57,041.95 (+1,572.27)
7/18: $59,753.49 (+2,711.54)
8/18: $63,816.19 (+4,062.70)
9/18: $70,101.27 (+6,285.08 - extra paycheck)
10/18: $73,538.91 (+3,437.64)
11/18: $69,595.61 (-3,943.30)
12/18: $73,126.64 (+3,531.03)
1/19: $69,733.94 (-2,712.15)
2/19: $78,918.09 (+9,184.15 - extra paycheck)
3/19: $83,762.93 (+4,844.84)
4/19: $86,925.57 (+3,162.64)
5/19: $92,839.14 (+5,913.57)
6/19: $90,415.30 (-2,423.84)
7/19: $96,745.04 (+6,329.74)
8/19: $101,572.33 (+4,827.29)

I'm still above $100k! Very happy. I thought I wouldn't get there until the end of the year. I try to focus on my contributions, not count on the market, but it has really accelerated things as I get more and more invested. I'm going to consider myself graduated. Even if the market dips next month, it's a 3-paycheck month so my contributions will be higher to offset it.

DadJokes

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Re: Race from 10 to 100k!!
« Reply #2544 on: July 30, 2019, 09:26:47 AM »
Congrats @zygote - we'll see you in the next thread!

Imma

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Re: Race from 10 to 100k!!
« Reply #2545 on: July 31, 2019, 01:25:21 AM »
April 2019: €10094.35
May 2019:  €11629.87
June 2019: €12728.63
July 2019:  €13021,33

Goals for 2019:
Savings: €5000
Investments: €10000

Good to see I'm still one digit up from last month even though we're still in the middle of a big renovation project and we've been on holiday. Next month won't look so good, I'll have to pay the biggest invoice of the project and there'll be tuition to pay as well. Goal of 15k this year still sounds do-able though.

song gnos

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Re: Race from 10 to 100k!!
« Reply #2546 on: July 31, 2019, 02:33:26 AM »
May 2016 $ -11,982.00
June 2016 $ -7,244.00
July 2016 $ -4,158.00
August 2016 $

As of writing this I'm currently at $59.98
First time reaching a positive NW.

Well, haven't posted in about 2 years.

July 2018 $81,402.18

Couldn't have done it without the support from MMM and you all.
Hopefully hit the 100k mark by the end of this year.

Odd how I come back 1 year from the last post.
I've been on autopilot, not doing anything special and here I am.

July 2019 $117,000

I suppose I'm not allowed to post in this thread next year lol.
Thanks for all the support.
« Last Edit: July 31, 2019, 02:51:13 AM by song gnos »

haypug16

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Re: Race from 10 to 100k!!
« Reply #2547 on: July 31, 2019, 05:54:34 AM »
July 2019 Update
3/31/2017 (52,848.85) - Found MMM
3/31/2018 $(14,916.69) - 1 year in
3/31/2019 $9,917.20 - 2 years in
4/30/2019 $19,835.78
5/31/2019 $21,498.65
6/30/2019 $17,825.45
7/31/2019 $19,232.60


Back to work as of July 15th. Happy to see this number going back up :)

LittleWanderer

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Re: Race from 10 to 100k!!
« Reply #2548 on: July 31, 2019, 08:06:19 AM »
August 2018 - $19,246
September 2018 - $20,031
October 2018 - $19,301
November 2018 - $20,523
December 2018 - $20,923
January 2019 - $21,742
February 2019 - $23,933
March 2019 - $25,416
April 2019 - $26,812
May 2019 - $26,575 
June 2019 - $27,758

July 2019 - $29,419

Should hit the big 3-0 next month, unless the market tanks!

Optimiser

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Re: Race from 10 to 100k!!
« Reply #2549 on: July 31, 2019, 10:11:36 AM »
Mar 2019 $14,000
Apr 2019 $12,700
May 2019 $9,500
June 2019 $11,500

July 2019 $17,000