Author Topic: Race from 10 to 100k!!  (Read 1338719 times)

SingleMomDebt

  • Guest
Re: Race from 10 too 100k!!
« Reply #300 on: February 13, 2015, 09:25:15 PM »
I crossed the 100k mark last month. Woo hoo!
Congrats, Guizmo!!

tarheeldan

  • Pencil Stache
  • ****
  • Posts: 909
  • Location: Plano, TX
Re: Race from 10 too 100k!!
« Reply #301 on: February 13, 2015, 10:31:16 PM »
I crossed the 100k mark last month. Woo hoo!
Congratulations!!

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #302 on: February 14, 2015, 12:15:18 AM »
I'll join in. But, I didn't start off at 10k because I received a large gift from my parents once I started grad school 06/13 (though I still had some of my own savings):

(These are all end of month figures)
05/13: 33.1k
06/13: 33.3k
07/13: 35.4k
08/13: 35.2k
09/13: 38.1k
10/13: 40.1k (whoo hit 40k!)
11/13: 41.5k
12/13: 44.9k
01/14: 44.7k
02/14: 47.7k
03/14: 50.6k (whoo hit 50k!)
04/14: 53.5k
05/14: 51.4k
06/14: 57.0k
07/14: 61.1k (whoo hit 60k!)
08/14: 61.2k
09/14: 63.5k
10/14: 65.1k
11/14: 67.5k
12/14: 72.7k (whoo hit 70k!)
01/15: 69.8k (damn dipped just below 70k =P)

Some notes:
I pay rent and school fees three times a year: August, January, and May (but not May 2013). Hence, my net worth tends to drop during those months.
I was by Mustachian standards spendy through 12/13. Fortunately, I still spent well within my means.
I found Bogleheads and started investing 03/14. I started being frugal, but not MMM frugal.
I'm pretty sure I found MMM around June 2014. I then raised my frugality to MMM standards.
I got paid quite a bit of overtime June and July 2014.
I was supposed to be paid $2750 in 01/15, but I got paid 12/14 instead, resulting in a sizeable drop in NW 01/15.

So far this month, my NW is $71.5k, mostly because of some nice investment gains but also because of one paycheck.

ohyonghao

  • Pencil Stache
  • ****
  • Posts: 638
  • Age: 41
  • Location: Hillsboro, OR
Re: Race from 10 too 100k!!
« Reply #303 on: February 17, 2015, 02:01:42 PM »
I'll join in. But, I didn't start off at 10k because I received a large gift from my parents once I started grad school 06/13 (though I still had some of my own savings):

(These are all end of month figures)
05/13: 33.1k
06/13: 33.3k
07/13: 35.4k
08/13: 35.2k
09/13: 38.1k
10/13: 40.1k (whoo hit 40k!)
11/13: 41.5k
12/13: 44.9k
01/14: 44.7k
02/14: 47.7k
03/14: 50.6k (whoo hit 50k!)
04/14: 53.5k
05/14: 51.4k
06/14: 57.0k
07/14: 61.1k (whoo hit 60k!)
08/14: 61.2k
09/14: 63.5k
10/14: 65.1k
11/14: 67.5k
12/14: 72.7k (whoo hit 70k!)
01/15: 69.8k (damn dipped just below 70k =P)

Some notes:
I pay rent and school fees three times a year: August, January, and May (but not May 2013). Hence, my net worth tends to drop during those months.
I was by Mustachian standards spendy through 12/13. Fortunately, I still spent well within my means.
I found Bogleheads and started investing 03/14. I started being frugal, but not MMM frugal.
I'm pretty sure I found MMM around June 2014. I then raised my frugality to MMM standards.
I got paid quite a bit of overtime June and July 2014.
I was supposed to be paid $2750 in 01/15, but I got paid 12/14 instead, resulting in a sizeable drop in NW 01/15.

So far this month, my NW is $71.5k, mostly because of some nice investment gains but also because of one paycheck.

Welcome to this thread!  There isn't really a requirement on where to start, but the goal is to exceed $100k.

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #304 on: February 17, 2015, 02:04:19 PM »
Welcome to this thread!  There isn't really a requirement on where to start, but the goal is to exceed $100k.
Oh haha I guess I missed that part.

Depending on how the market does, I'm hoping to hit $100k first quarter next year, but we shall see....

misschedda

  • Stubble
  • **
  • Posts: 122
  • Location: DC
    • The Chedda
Re: Race from 10 too 100k!!
« Reply #305 on: February 26, 2015, 09:14:37 AM »
Hi all! I've been lurking for a while and finally decided to throw my hat into the ring for some motivation and accountability. I started tracking my accounts and net worth in Summer 2014.

07/14: $29.2k
08/14: $33.3k (big lump paycheck from a previous job)
09/14: $35.5k
10/14: $37.1k
11/14: $39.7k
12/14: $50.4k (second big lump paycheck from previous job, plus stock market runup)
01/15: $51.0k

My progress should usually be more "slow and steady" than this trend implies--my usual monthly increase in net worth should be ~$1.3k.

hexdexorex

  • Stubble
  • **
  • Posts: 158
Re: Race from 10 too 100k!!
« Reply #306 on: February 26, 2015, 03:55:56 PM »
Hi all! I've been lurking for a while and finally decided to throw my hat into the ring for some motivation and accountability. I started tracking my accounts and net worth in Summer 2014.

07/14: $29.2k
08/14: $33.3k (big lump paycheck from a previous job)
09/14: $35.5k
10/14: $37.1k
11/14: $39.7k
12/14: $50.4k (second big lump paycheck from previous job, plus stock market runup)
01/15: $51.0k

My progress should usually be more "slow and steady" than this trend implies--my usual monthly increase in net worth should be ~$1.3k.

Wow great progress I didn't reach that NW till a couple years out of college.

Looking back through my mint history (since 2007) it is amazing how long it takes to get to 100k.
« Last Edit: February 26, 2015, 04:00:36 PM by hexdexorex »

SpareChange

  • Pencil Stache
  • ****
  • Posts: 778
Re: Race from 10 too 100k!!
« Reply #307 on: February 26, 2015, 04:50:48 PM »
My best month yet! Up $7750, largely due to the boatload of overtime I've had the opportunity to put in. I'll keep digging the gold as long as the mine stays open. ;)

ohyonghao

  • Pencil Stache
  • ****
  • Posts: 638
  • Age: 41
  • Location: Hillsboro, OR
Re: Race from 10 too 100k!!
« Reply #308 on: February 26, 2015, 06:36:44 PM »
My best month yet! Up $7750, largely due to the boatload of overtime I've had the opportunity to put in. I'll keep digging the gold as long as the mine stays open. ;)

That's great progress!  They closed the mine here at my work a long time ago.  I'm having a bump this month anyways due to tax return.  I adjusted my withholdings at the end of the year last year so I expect to not get anything back next year.

seanc0x0

  • Bristles
  • ***
  • Posts: 304
  • Location: Saskatchewan, Canada
Re: Race from 10 too 100k!!
« Reply #309 on: February 27, 2015, 02:41:37 PM »
As predicted, a big increase this month. Jumped up ~25% to $12750! Expecting to go back to the slower, more consistent growth for the next few months.

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 35
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #310 on: February 27, 2015, 03:08:03 PM »
As predicted, a big increase this month. Jumped up ~25% to $12750! Expecting to go back to the slower, more consistent growth for the next few months.

Awesome! Unexpected things slowed Pitagirl and I down this month. 25% savings rate instead of the usual ~50%. Sad times.

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #311 on: February 27, 2015, 08:47:24 PM »
Feb. NW: 5600

Mar. NW: 9300

Next paycheck I should be able to do the 10K happy dance!
*raises glass* Here's to next month!

EDIT: Wait you mean January and February, not February and March...?

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #312 on: February 27, 2015, 08:52:29 PM »
Jan 2015: 69.8k
Feb 2015: 73.8k (Back over 70k!)

A larger than expected increase this month, with $2200 of rise in net worth coming from my investments (that's 55% of the growth coming from investments).

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 35
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #313 on: February 28, 2015, 04:37:33 AM »
Broke $30k (and $15k in investments)!

Suit

  • Bristles
  • ***
  • Posts: 275
Re: Race from 10 too 100k!!
« Reply #314 on: February 28, 2015, 11:30:53 AM »
I hit positive net worth this month!

trailrated

  • Handlebar Stache
  • *****
  • Posts: 1136
  • Age: 37
  • Location: Bay Area Ca
  • a smooth sea never made a skilled sailor
Re: Race from 10 too 100k!!
« Reply #315 on: February 28, 2015, 12:24:46 PM »
Medical cost backslide continues ahhhhhhh, will be up next month.

SingleMomDebt

  • Guest
Re: Race from 10 too 100k!!
« Reply #316 on: February 28, 2015, 12:27:59 PM »
Current: $38081

Will update spreadsheet when I get to my laptop.

givemesunshine

  • 5 O'Clock Shadow
  • *
  • Posts: 77
Re: Race from 10 too 100k!!
« Reply #317 on: February 28, 2015, 10:02:14 PM »
More medical expenses for me (and $5K more due) so happy to be up (only $300 but still a positive increase).

Hope March is a good month for you all!

ohyonghao

  • Pencil Stache
  • ****
  • Posts: 638
  • Age: 41
  • Location: Hillsboro, OR
Re: Race from 10 too 100k!!
« Reply #318 on: February 28, 2015, 11:39:12 PM »
I hit positive net worth this month!

Congratulations!  It gets more intense from that point and you really start to see the numbers grow.

Our numbers for February were bolstered by tax returns coming in, and an appraisal on our house.  We'll probably see less increase next month, though a refinance deal will certainly shake things up a bit.  Shouldn't hit any negative growth, but hard to saw how all the numbers work out in the end.

Jan: $82,878.52
Feb: $92,666.05
Total Increase: $9,787.53

If these numbers keep up we'll clear $100k mid year.

SpareChange

  • Pencil Stache
  • ****
  • Posts: 778
Re: Race from 10 too 100k!!
« Reply #319 on: February 28, 2015, 11:53:01 PM »
I hit positive net worth this month!

Always a great landwark to achieve. Well done!

SpareChange

  • Pencil Stache
  • ****
  • Posts: 778
Re: Race from 10 too 100k!!
« Reply #320 on: February 28, 2015, 11:54:34 PM »
Our numbers for February were bolstered by tax returns coming in, and an appraisal on our house.  We'll probably see less increase next month, though a refinance deal will certainly shake things up a bit.  Shouldn't hit any negative growth, but hard to saw how all the numbers work out in the end.

Jan: $82,878.52
Feb: $92,666.05
Total Increase: $9,787.53

If these numbers keep up we'll clear $100k mid year.

Gettin' close! I hope to be you in another year!

bokonon

  • 5 O'Clock Shadow
  • *
  • Posts: 62
Re: Race from 10 too 100k!!
« Reply #321 on: March 01, 2015, 06:58:41 AM »
Between the stock market doing so well and tons of winter overtime (40 hours of paid OT so far in 2015), February was one of our best months yet!

Hard to believe how much progress my family has made since we hit $0 NW in April of 2014.  I am hoping for $100k in early to mid summer which is unbelievable. 

I wonder how much net worth MMM is directly responsible for helping build through his blog... it has to be millions and always growing.  Kind of cool to think about.

This thread is so positive - everyone is doing awesome.. Keep up the good work all!

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 35
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #322 on: March 01, 2015, 07:38:12 AM »
Between the stock market doing so well and tons of winter overtime (40 hours of paid OT so far in 2015), February was one of our best months yet!

Hard to believe how much progress my family has made since we hit $0 NW in April of 2014.  I am hoping for $100k in early to mid summer which is unbelievable. 

I wonder how much net worth MMM is directly responsible for helping build through his blog... it has to be millions and always growing.  Kind of cool to think about.

This thread is so positive - everyone is doing awesome.. Keep up the good work all!

Nice! We'll have at least 2 people completing the race  this year! I expect to cross the line some time next year.

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #323 on: March 01, 2015, 09:24:35 AM »
My old home computer crashes each time I try to update the spreadsheet, but here are my numbers for February:

Networth: -31,726.00

Slow progress! I did my taxes yesterday and after playing around with the numbers I decided to recharacterize my Roth contributions and then take some of my Emergency Fund to fully fund a Traditional IRA for 2014. Not only am I getting a 1K larger tax refund, but I also got myself into the 15% tax bracket!! I am super excited!!
I recharacterized also! I ended up in the 25% bracket, even after a recharacterization. Regardless, that saved me $1705 for my 2014 taxes (of course, that just means I'll owe tax on this money later...but it should be at a lower rate - Roth conversion pipeline).

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #324 on: March 01, 2015, 01:25:03 PM »
My old home computer crashes each time I try to update the spreadsheet, but here are my numbers for February:

Networth: -31,726.00

Slow progress! I did my taxes yesterday and after playing around with the numbers I decided to recharacterize my Roth contributions and then take some of my Emergency Fund to fully fund a Traditional IRA for 2014. Not only am I getting a 1K larger tax refund, but I also got myself into the 15% tax bracket!! I am super excited!!
I recharacterized also! I ended up in the 25% bracket, even after a recharacterization. Regardless, that saved me $1705 for my 2014 taxes (of course, that just means I'll owe tax on this money later...but it should be at a lower rate - Roth conversion pipeline).

Woo-hoo! That is awesome! I am not too worried about the taxes later, as you noted. But it was shocking what a difference the recharacterization made! I feel like I just solved the puzzle or something! I know everyone debates the merits of Roth v. Traditional, but I had never actually done the numbers. This year I am maxing my 403B and I am going to try my damnedest to fully fund the Traditional as well. I am trying to take a new perspective on low-interest debt (student loans in my case) and play the long game....

Haha that's basically what happened to me. I mean, I knew that it would be a tax break of 25% fed + 6% state. But until I actually went to calculate my taxes, for me there was a bit of a mental disconnect between a 31% tax deduction, and that 0.31*5500 = $1705.

What's the interest rate on your loans? And congrats on making maxing your 403b a priority! (I would say congrats on maxing your 403b, but it's only March and I assume you haven't done that yet...=P)

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #325 on: March 01, 2015, 02:04:14 PM »
My old home computer crashes each time I try to update the spreadsheet, but here are my numbers for February:

Networth: -31,726.00

Slow progress! I did my taxes yesterday and after playing around with the numbers I decided to recharacterize my Roth contributions and then take some of my Emergency Fund to fully fund a Traditional IRA for 2014. Not only am I getting a 1K larger tax refund, but I also got myself into the 15% tax bracket!! I am super excited!!
I recharacterized also! I ended up in the 25% bracket, even after a recharacterization. Regardless, that saved me $1705 for my 2014 taxes (of course, that just means I'll owe tax on this money later...but it should be at a lower rate - Roth conversion pipeline).

Woo-hoo! That is awesome! I am not too worried about the taxes later, as you noted. But it was shocking what a difference the recharacterization made! I feel like I just solved the puzzle or something! I know everyone debates the merits of Roth v. Traditional, but I had never actually done the numbers. This year I am maxing my 403B and I am going to try my damnedest to fully fund the Traditional as well. I am trying to take a new perspective on low-interest debt (student loans in my case) and play the long game....

Haha that's basically what happened to me. I mean, I knew that it would be a tax break of 25% fed + 6% state. But until I actually went to calculate my taxes, for me there was a bit of a mental disconnect between a 31% tax deduction, and that 0.31*5500 = $1705.

What's the interest rate on your loans? And congrats on making maxing your 403b a priority! (I would say congrats on maxing your 403b, but it's only March and I assume you haven't done that yet...=P)

My private loans are variable but are hovering around 3.1% for the last few years. I hope that will remain the trend. I have a 50K balance so it's hard to prioritize investing, but the numbers don't lie! I also have about 90K in federal loans but I am on IBR so reducing my AGI is a double whammy, since my payment on those is based on AGI. I have about 6 years left on PSLF...I know people might yell at me for relying on PSLF, but I think it's the best for me.

This is my first year maxing the 403b....I might reevaluate if loan rates change or circumstances change.
Nice. Yea the numbers don't lie! Though your true after tax student loan interest rate is not 3.1% b/c of the student loan interest deduction (but you have to make sure to keep your AGI under the limit - phaseout of the deduction starts at a MAGI of 65k, and is completely phased out at 80k). By contributing to a traditional 403b or traditional IRA, you will lower your MAGI for the student loan interest deduction.

SpareChange

  • Pencil Stache
  • ****
  • Posts: 778
Re: Race from 10 too 100k!!
« Reply #326 on: March 01, 2015, 07:29:36 PM »
I wonder how much net worth MMM is directly responsible for helping build through his blog... it has to be millions and always growing.  Kind of cool to think about.

This thread is so positive - everyone is doing awesome.. Keep up the good work all!

This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet. 

Wiggle

  • 5 O'Clock Shadow
  • *
  • Posts: 86
Re: Race from 10 too 100k!!
« Reply #327 on: March 05, 2015, 05:20:58 AM »
End of January update:
Cash/Savings: $3,823
Mutual Funds (non-retirement, house savings): $10,697
Work Retirement Accounts: $31,979

NW: $46,499 (increase of $3,362)

End of February update:
Cash/Savings: $4,317
Mutual Funds (non-retirement, house savings): $10,703
Work Retirement Accounts: $32,968

NW: $47,988 (increase of $1,489)

Almost to the 50% mark (50k) :)  This month I am getting my tax refund which will easily shoot me over the mark and then my normal savings on top of that.  It's funny that I had just started making money seriously a couple years ago and even having 100k saved impossible but now I can really see it being attainable.

misschedda

  • Stubble
  • **
  • Posts: 122
  • Location: DC
    • The Chedda
Re: Race from 10 too 100k!!
« Reply #328 on: March 05, 2015, 05:46:52 AM »
Hi racers! I just put all my info in the spreadsheet. Does it automatically reorder the rows or do I have to do something to trigger that?

tarheeldan

  • Pencil Stache
  • ****
  • Posts: 909
  • Location: Plano, TX
Re: Race from 10 too 100k!!
« Reply #329 on: March 05, 2015, 09:53:09 AM »
I wonder how much net worth MMM is directly responsible for helping build through his blog... it has to be millions and always growing.  Kind of cool to think about.

This thread is so positive - everyone is doing awesome.. Keep up the good work all!

This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet.

I know! After a year we should tally up the collective increase in NW that would be sweet to see!

Hi racers! I just put all my info in the spreadsheet. Does it automatically reorder the rows or do I have to do something to trigger that?

Nice! Another in the ranks of Pencil Stash. I don't know if you sorted it but it looks like your data is in the right place now.

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 35
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #330 on: March 05, 2015, 10:30:31 AM »
I estimate I'll hit $100k net worth in 12/2016, and $100k invested assets in 1/2017.

SpareChange

  • Pencil Stache
  • ****
  • Posts: 778
Re: Race from 10 too 100k!!
« Reply #331 on: March 06, 2015, 04:49:33 AM »
This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet.

I know! After a year we should tally up the collective increase in NW that would be sweet to see!

Agreed!

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #332 on: March 06, 2015, 07:46:59 AM »
This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet.

I know! After a year we should tally up the collective increase in NW that would be sweet to see!

Agreed!

Hm....should we start a spreadsheet for this like the cycling challenge? I'd be up for maintaining it.

queenie

  • Stubble
  • **
  • Posts: 149
Re: Race from 10 too 100k!!
« Reply #333 on: March 06, 2015, 08:30:50 AM »
Is it okay if I jump in and I'm over $10k to start?  I just added up our net worth and we are at $18,206 but I'd love to put some pressure on myself to get to $100k.  Right now I am forecasting reaching $50k at the end of the year.

We were at $5,981 on January 1st, and I'm so excited to see that number grow!!
« Last Edit: March 06, 2015, 08:32:43 AM by queenie »

misschedda

  • Stubble
  • **
  • Posts: 122
  • Location: DC
    • The Chedda
Re: Race from 10 too 100k!!
« Reply #334 on: March 06, 2015, 08:44:20 AM »
I estimate I'll hit $100k net worth in 12/2016, and $100k invested assets in 1/2017.

Pooperman! We're living parallel lives! We both just got engaged and I'm aiming for $100k net worth 12/2016 as well.

SingleMomDebt

  • Guest
Re: Race from 10 too 100k!!
« Reply #335 on: March 06, 2015, 09:16:39 AM »
Payday today. I did it! I did it! 10,000 NW! I can officially start the race now, LOL!
Congrats Frogger!

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 35
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #336 on: March 06, 2015, 09:17:24 AM »
I estimate I'll hit $100k net worth in 12/2016, and $100k invested assets in 1/2017.

Pooperman! We're living parallel lives! We both just got engaged and I'm aiming for $100k net worth 12/2016 as well.

Let me guess, you got your first real job in the summer of 2013 also? You've got a 3 year head start!

tarheeldan

  • Pencil Stache
  • ****
  • Posts: 909
  • Location: Plano, TX
Re: Race from 10 too 100k!!
« Reply #337 on: March 06, 2015, 10:14:35 AM »
Is it okay if I jump in and I'm over $10k to start?
Yes! Welcome :-)  Jump in the spreadsheet too!

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #338 on: March 06, 2015, 10:30:45 AM »
This. Just looking at the progress made by those who have kept updating is amazing...and it hasn't even been a year since we started this sheet.

I know! After a year we should tally up the collective increase in NW that would be sweet to see!

Agreed!

Hm....should we start a spreadsheet for this like the cycling challenge? I'd be up for maintaining it.
And I'm a complete moron who didn't notice that there is such a spreadsheet in the OP.  /face palm

ash7962

  • Bristles
  • ***
  • Posts: 258
  • Age: 35
  • Location: Chicago
Re: Race from 10 too 100k!!
« Reply #339 on: March 06, 2015, 02:06:08 PM »
Just updated my numbers for Feb.  Looks like I had a 3630$ change in NW which was something like half investment gains.  I don't expect to continue doing so well every month, but man would that be nice.  What is the Mustache themed title we achieve when we reach the 100k mark?  I expect to get there early 2016 :)

queenie

  • Stubble
  • **
  • Posts: 149
Re: Race from 10 too 100k!!
« Reply #340 on: March 06, 2015, 02:59:22 PM »
Is it okay if I jump in and I'm over $10k to start?
Yes! Welcome :-)  Jump in the spreadsheet too!

Awesome!!  Here are my starting numbers:

Liabilities
Mortgage     $153,622.64
Car Loan     $19,360.61
Braces         $6,120.00
Total Liabilities  $179,102.85

Assets and Savings
RESP           $2,538.39
RRSP GIC    $592.01
TFSA #1     $716.67
TFSA #2      $716.97
Chequing Accounts $806.91
Vacation Pay Accrued $12,442.86
Savings Accounts $4,494.48
Primary Residence $175,000.00
Total Assets and Savings $197,309.29

Net Worth $18,206.44

I'm really feeling motivated now looking at everyone's numbers.  I know that there is no way to win this contest and be the first to $100k, but I still want to beat some of you.  :)  I'm starting to feel hyper aware of how every single penny of inflow and outflow affects this number and impacts us in a very real way.  And so I feel really motivated to make sure as much goes in as possible and as little comes out as possible.  My personal goal is going to be $50k net worth by the end of 2015.

tarheeldan

  • Pencil Stache
  • ****
  • Posts: 909
  • Location: Plano, TX
Re: Race from 10 too 100k!!
« Reply #341 on: March 06, 2015, 03:56:13 PM »


I know that there is no way to win this contest and be the first to $100k, but I still want to beat some of you.  :)

We all win :-) This whole thread is full of win!

queenie

  • Stubble
  • **
  • Posts: 149
Re: Race from 10 too 100k!!
« Reply #342 on: March 06, 2015, 04:14:41 PM »
Good point!!  :)

MoneyRx

  • 5 O'Clock Shadow
  • *
  • Posts: 96
  • Location: USA
Re: Race from 10 too 100k!!
« Reply #343 on: March 08, 2015, 02:07:16 PM »
I have just been treading water down at the bottom of this challenge the whole time, excited to get a real job in a couple months and start moving my way up the chart!!!

Kananas

  • 5 O'Clock Shadow
  • *
  • Posts: 47
  • Age: 39
  • Location: Finland
Re: Race from 10 too 100k!!
« Reply #344 on: March 09, 2015, 02:05:56 AM »
Net worth 6th of Feb:
53219€
up 1750€ from Jan.

Net worth 6th of Mar:
56762€
up 2335€ from Feb.

I forgot one 1200€+ account from last months calculations, so last months net worth was really 54427€.

SpareChange

  • Pencil Stache
  • ****
  • Posts: 778
Re: Race from 10 too 100k!!
« Reply #345 on: March 09, 2015, 02:51:57 AM »
Damn it, all these new contestants are making me drop like a rock in the spreadsheet, I was on 12 just a few days ago, now I'm on 17.
I guess I'll have to step up my game. :p

Murphy's Law of the Spreadsheet...every contestant that joins after you will have a larger starting NW than your current one :).

A hearty welcome to all the new rows on the 'sheet!

MoneyRx

  • 5 O'Clock Shadow
  • *
  • Posts: 96
  • Location: USA
Re: Race from 10 too 100k!!
« Reply #346 on: March 09, 2015, 09:46:57 AM »
Damn it, all these new contestants are making me drop like a rock in the spreadsheet, I was on 12 just a few days ago, now I'm on 17.
I guess I'll have to step up my game. :p

Murphy's Law of the Spreadsheet...every contestant that joins after you will have a larger starting NW than your current one :).

A hearty welcome to all the new rows on the 'sheet!

That and the law of averages that if you are near the bottom (and below the stated start of 10k), others joining will likely be ahead of you. Just more motivation though!

Pooplips

  • Bristles
  • ***
  • Posts: 462
  • Age: 38
Re: Race from 10 too 100k!!
« Reply #347 on: March 09, 2015, 10:23:41 AM »
I just read this whole thread and have been truly inspired by everyone's progress.

Time to join:

3/9/15 - PC Net Worth $53,877

xander92

  • 5 O'Clock Shadow
  • *
  • Posts: 2
Re: Race from 10 too 100k!!
« Reply #348 on: March 12, 2015, 03:22:10 PM »
I'll join the late crew! Just graduated and started working!

PC net worth: $12,368

Cash: $4.0k
Investments: $18.1k
Credit: -$0.46k
Student Loan: -$9.3k

FIPurpose

  • Handlebar Stache
  • *****
  • Posts: 2072
  • Location: ME
    • FI With Purpose
Re: Race from 10 too 100k!!
« Reply #349 on: March 12, 2015, 04:28:04 PM »
I like the way people are encouraging in this thread so I'd like to join. I've said elsewhere on this forum that I expect to hit 100k in investments this year. Right now we're floating around $64k. Down about 1.5k from the recent stock slip. Looking to put away about $5200 a month. So we're hoping to hit our goal around September time.

 

Wow, a phone plan for fifteen bucks!