Author Topic: Race from 10 to 100k!!  (Read 1087727 times)

shrimpwd

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Re: Race from 10 to 100k!!
« Reply #3800 on: July 01, 2022, 12:52:44 AM »
                       2018                2019                2020                2021                2022               
January$6,455-$14,460$34,473$77,625
February--$14,991$36,257$83,384
March--$14,632$38,256$85,694
April-$10,960$13,884$47,021$93,539
May--$17,011$52,533$86,952
June--$19,255$54,094$89,131
July--$20,358$55,927$83,281
August--$21,993$58,821-
September--$23,312$67,274-
October--$24,777$67,897-
November-$13,466$26,407$72,781-
December$9,518-$30,697$73,730-

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3801 on: July 01, 2022, 01:47:37 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 / special project savings)

15 May 2020: EUR 17,034 (started tracking)
15 December 2020: EUR 23,325
31 December 2021: EUR 37,355

31 January 2022: EUR 36,735
28 February 2022: EUR 36,356
31 March 2022: EUR 37,500
30 April 2022: EUR 35,592
31 May 2022: EUR 38,248
30 June 2022: EUR 36,852

(2022 goal: EUR 45-50K)

A slight backwards move..... as could be expected with the current stock markets. I'm saving and investing as usual and really keep reminding myself that I'm in for the long.....long.....long..... run and I'm buying stocks on sale.
Next month will be backwards as well, since we have holiday plans (3 weeks to France...... not bad....) and I need to buy all school supplies. It will be an expensive one this year since the youngest will go to middle school and needs some expensive stuff (laptop, sports gear etc.).
Let's hope for a better 2nd half of the year!

Tass

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Re: Race from 10 to 100k!!
« Reply #3802 on: July 03, 2022, 06:45:57 PM »
201720182019202020212022
January$12.1k$24.7k$49.0k$76.2k$95.4k
February$13.6k$27.2k$46.5k$79.0k$95.0k
March$15.1k$29.3k$42.7k$82.6k$96.4k
April$16.6k$31.3k$47.5k$87.3k$90.3k
May$17.7k$31.5k$50.6k$88.2k$89.7k
June$18.5k$33.3k$53.5k$90.3k$84.4k
July$6.2k$20.2k$35.1k$58.5k$92.0k
August$6.8k$20.8k$36.7k$63.0k$94.4k
September   $8.2k$22.2k$38.6k$63.2k$93.1k
October$9.0k$21.7k$40.2k$62.9k$97.1k
November$9.9k$22.5k$42.6k$69.9k$95.1k
December$11.1k   $22.4k   $44.6k   $75.0k   $100.3k

Eventually I'll get back to 100k. Until then, cheap stocks!

comicguy

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Re: Race from 10 to 100k!!
« Reply #3803 on: July 04, 2022, 05:35:13 AM »
June update:

01/26/22  Round Up 642.33   Investment  9911.44  Total 10553.77
02/26/22  Round Up 752.42   Investment 12408.26 Total 13160.680
03/25/22  Round UP 897.57   Investment 17291.64 Total 18189.21
04/30/22  Round up 971.36   Investment 18713.79  Total 19685.15
05/29/22  Round up 1083.32 Investment 20117.98  Total 21201.30
06/30/22  Round up 1132.77 Investment 21500.10  Total 22632.87

Very little increase for June even, but at least I bought some good stocks on sale!

Manchester

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Re: Race from 10 to 100k!!
« Reply #3804 on: July 06, 2022, 03:25:24 AM »
Seems like everyone is in the same boat. 

It's a marathon, not a sprint - we were overdue a bit of blip weren't we? :')

Stubblestache

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Re: Race from 10 to 100k!!
« Reply #3805 on: July 06, 2022, 05:29:45 AM »
201720182019202020212022
January$12.1k$24.7k$49.0k$76.2k$95.4k
February$13.6k$27.2k$46.5k$79.0k$95.0k
March$15.1k$29.3k$42.7k$82.6k$96.4k
April$16.6k$31.3k$47.5k$87.3k$90.3k
May$17.7k$31.5k$50.6k$88.2k$89.7k
June$18.5k$33.3k$53.5k$90.3k$84.4k
July$6.2k$20.2k$35.1k$58.5k$92.0k
August$6.8k$20.8k$36.7k$63.0k$94.4k
September   $8.2k$22.2k$38.6k$63.2k$93.1k
October$9.0k$21.7k$40.2k$62.9k$97.1k
November$9.9k$22.5k$42.6k$69.9k$95.1k
December$11.1k   $22.4k   $44.6k   $75.0k   $100.3k

Eventually I'll get back to 100k. Until then, cheap stocks!

I've stubbornly refused to leave the 100-250k race after dipping below 100lk, but another month like this and I might need to accept defeat and come back to this thread :D

Ze Stash

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Re: Race from 10 to 100k!!
« Reply #3806 on: July 06, 2022, 08:38:09 AM »
Net worth:
01/01/2019: -    109,47
01/02/2019:      269,41 (+   378,88 )
01/03/2019:      890,47 (+   621,06 )
01/04/2019:   1.767,70 (+   877,23 )
01/05/2019:   3.755,46 (+1.987,76 )
01/06/2019:   4.814,83 (+1.059,37 )
01/07/2019:   5.959,50 (+1.144,67 )
01/08/2019:   7.116,94 (+1.157,44 )
01/09/2019:   9.855,39 (+2.738,45 )
01/10/2019:   9.718,18 (-   137,21 )
01/11/2019: 10.726,98 (+1.008,80 )
01/12/2019: 11.773,70 (+1.046,72 )
01/01/2020: 12.979,27 (+1.205,57 )
01/02/2020: 14.363,54 (+1.384,27 )
01/03/2020: 15.039,09 (+   675,56 )
01/04/2020: 15.456,74 (+   417,65 )
01/05/2020: 16.903,74 (+1.447,00 )
01/06/2020: 17.847,51 (+   943,77 )
01/07/2020: 19.991,35 (+2.143,84 )
01/08/2020: 23.859,77 (+3.868,42 )
01/09/2020: 27.705,58 (+3.845,81 )
01/10/2020: 28.348,92 (+   643,34 )
01/11/2020: 29.975,77 (+1.626,85 )
01/12/2020: 32.157,81 (+2.182,04 )
01/01/2021: 37.536,36 (+5.378,55 )
01/02/2021: 39.128,65 (+1.592,29 )
01/03/2021: 43.488,25 (+4.359,60 )
01/04/2021: 50.227,75 (+6.739,50 )
01/05/2021: 50.942,27 (+   714,52 )
01/06/2021: 45.969,23 (- 4.973,04 )
01/07/2021: 47.887,98 (+1.918,75 )
01/08/2021: 50.361,49 (+2.473,51 )
01/09/2021: 55.538,44 (+5.176,95 )
01/10/2021: 55.405,64 (-    132,80 )
01/11/2021: 62.397,76 (+6.992,12 )
01/12/2021: 62.957,50 (+   559,74 )
01/01/2022: 62.444,54 (-    512,96 )
01/02/2022: 57.130,55 (- 5.313,99 )
01/03/2022: 59.780,50 (+2.649,95 )
01/04/2022: 63.814,15 (+4.033,65 )
01/05/2022: 60.816,35 (- 2.997,80 )
01/06/2022: 55.643,44 (- 5.172,91 )

01/07/2022: 49.784,34 (- 5.859,10 )

Another month in the wrong direction due to markets. Savings were roughly 1k. The next months should be less spendy, so savings should improve again until the end of the year.


TyGuy

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Re: Race from 10 to 100k!!
« Reply #3807 on: July 07, 2022, 11:17:46 AM »
Student Loan Debt:

01/12/19: $43,762
05/04/20: $21,456
05/04/21: $21,456
05/01/22: $21,456
06/01/22: $21,456
07/01/22: $21,456 (Loans have remained in forbearance)


Net Worth:

03/04/19: -$30,065
05/04/20: $10,739
06/05/20: $18,006 ($7,267)
07/05/20: $8,594 (-$9,412)
08/05/20: $9,084 ($490)
09/01/20: $13,497 ($4,413)
10/01/20: $12,283 (-$1,214)
11/01/20: $15,692 ($3,409)
12/05/20: $19,528 ($3,836)
01/01/21: $21,735 ($2,207)
02/03/21: $21,870 ($135)
03/01/21: $23,417 ($1,547)
04/02/21: $33,080 ($9,663)
05/04/21: $36,424 ($3,344)
06/01/21: $39,976 ($3,552)
07/03/21: $47,349 ($7,373)
08/02/21: $52,292 ($5,044)
09/02/21: $57,319 ($5,027)
10/01/21: $58,555 ($1,236)
11/01/21: $60,397 ($1,842)
12/01/21: $59,891 (-$506)
01/01/22: $63,049 ($3,148)
02/02/22: $64,213 ($1,164)
03/02/22: $69,640 ($5,427)
04/01/22: $74,568 ($4,928)
05/01/22: $70,648 (-$3,920)
06/01/22: $74,612 ($3,964)
07/01/22: $69,696 (-$4,916)

Paid cash for several large, planned expenses last month, while also managing to buy in the dip. Looking forward to significantly less spending in July!

LobsterLuke

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Re: Race from 10 to 100k!!
« Reply #3808 on: July 12, 2022, 06:36:35 AM »
Hey everyone! So excited to make it to this thread finally. Here are my numbers as of this morning.

3/4/2022: $12,100 cash + $1,034 investments - $0 debt = $13,134 NW


7/12/2022: $14,300 cash + $2,450 investments - $0 debt = $16,750 NW

Finally graduated college at the ripe old age of 27 and landed a good job, so I'm looking forward to watching my stache grow at a faster rate!

I had hoped to be closer to $20K in net worth this time of year, but I spent a dumb amount of money furnishing my new apartment with brand new stuff.

I was walking through Goodwill yesterday and realized I would've been just as happy with the used furniture, dishes and appliances they were selling. I still have a lot to learn but I've been learning a lot by devouring every episode of the Mad Fientist podcast. Really interested in maxing my 401k and IRA somehow.

Manchester

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Re: Race from 10 to 100k!!
« Reply #3809 on: July 22, 2022, 09:50:18 AM »
My N/W grew by 2,846.97 to a new total of 54,453.44.
My N/W grew by 1,721.56 to a new total of 56,175.
My N/W grew by 2,262.53 to a new total of 58,437.53.
My N/W grew by 3,196.03 to a new total of 61,633.56.
My N/W grew by 2,080.14 to a new total of 63,713.70.
My N/W grew by 189.35 to a new total of 63,903.05.
My N/W grew by 2,046.07 to a new total of 65,949.12.
My N/W grew by 2,489.81 to a new total of 68,438.93.
My N/W grew by 2,948.26 to a new total of 71,387.19.
My N/W decreased by 1,267.07 to a new total of 70,120.12.
My N/W grew by 73.15 to a new total of 70,193.27.

July Update:

My N/W grew by 2,885.54 to a new total of 73,078.81.

It would have been a more significant increase if I hadn't paid for a posh holiday abroad - but life is for living!

Speaking of which, I have quite an unmustacian itch in the back of my mind tempting me to move to a bigger, posher house in a nicer area.  I can definitely afford a higher mortgage, and I'm getting sick of my current house (the location primarily - not the house itself).  However, upgrading to a new house would reduce my cash flow and tie up more money in a non-liquid asset.

Can't really decide what the best plan is, but considering I spend 95% of my life at home, I feel like it wouldn't really be 'wasted' money.

Anyway, that's my post for the month.  Hope everyone is doing well. 

triple7stash

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Re: Race from 10 to 100k!!
« Reply #3810 on: July 28, 2022, 07:47:48 PM »
Tracking investing in SPN (which doesn't include roth)

12/28/2020 - $62,783
1/28/2021 - $67,335
2/28/2021 - $69,404
3/28/2021 - $71,869
4/28/2021 - $77,861
5/31/2021 - $79,885
6/30/2021 - $82,843
7/28/2021 - $85,130
8/29/2021 - $87,558
9/30/2021 - $87,127
10/28/2021 - $92,699
11/28/2021 - $95,021
12/28/2021 - $96,703
2/2/2022 - $93,977
2/28/2022 - $91,712
3/28/2022 - $96,748
4/28/2022 - $90,642
5/28/2022 - $91,036
6/29/2022 - $89,116
7/28/2022 - $92,360

LittleWanderer

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Re: Race from 10 to 100k!!
« Reply #3811 on: July 29, 2022, 03:08:11 PM »
July 2021 - $64,082
August 2021 - $66,248
September 2021 - $64,221
October 2021 - $67,968
November 2021- $67,412
December 2021 - $70,758
January 2022 - $67,992
February 2022 - $69,486
March 2022 - $73,422
April 2022 - $68,808
May 2022 - $67,948
June 2022 - $63,619

July 2022 - $67,137

Up and down we go on this rollercoaster. 

shrimpwd

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Re: Race from 10 to 100k!!
« Reply #3812 on: July 29, 2022, 10:40:00 PM »
I began the race from 10k to 100k with only a 401K balance. When the time came to add a ROTH, I started to include that in my race number. This month, I made my first I-Bond purchase, and as such, I'm going to add them to this number. I feel it almost as a cheat, but it is money towards my retirement/FI total, and I still don't include cash/savings to this number. Is this crazy? Am I only doing this so that I can graduate? Thoughts? Either way, I may still be visiting a few times throughout the remainder of 2022.

                       2018                2019                2020                2021                2022               
January$6,455-$14,460$34,473$77,625
February--$14,991$36,257$83,384
March--$14,632$38,256$85,694
April-$10,960$13,884$47,021$93,539
May--$17,011$52,533$86,952
June--$19,255$54,094$89,131
July--$20,358$55,927$83,281
August--$21,993$58,821$101,031
September--$23,312$67,274-
October--$24,777$67,897-
November-$13,466$26,407$72,781-
December$9,518-$30,697$73,730-

comicguy

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Re: Race from 10 to 100k!!
« Reply #3813 on: July 30, 2022, 05:59:07 AM »
July update:

01/26/22  Round Up 642.33   Investment  9911.44  Total 10553.77
02/26/22  Round Up 752.42   Investment 12408.26 Total 13160.680
03/25/22  Round UP 897.57   Investment 17291.64 Total 18189.21
04/30/22  Round up 971.36   Investment 18713.79  Total 19685.15
05/29/22  Round up 1083.32 Investment 20117.98  Total 21201.30
06/30/22  Round up 1132.77 Investment 21500.10  Total 22632.87
07/30/22  Round up 1372.95 Investment 22042.54  Total 25415.49

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3814 on: August 01, 2022, 01:00:21 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 / special project savings)

15 May 2020: EUR 17,034 (started tracking)
15 December 2020: EUR 23,325
31 December 2021: EUR 37,355

31 January 2022: EUR 36,735
28 February 2022: EUR 36,356
31 March 2022: EUR 37,500
30 April 2022: EUR 35,592
31 May 2022: EUR 38,248
30 June 2022: EUR 36,852
31 July 2022: EUR 36,718

(2022 goal: EUR 45-50K)

The decrease in cash funds was (fortunately) almost equal to the increase in investments.
As from now, I'm just hoping for continued market recovery and no unexpected expenses for the remainder of the year.

Ze Stash

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Re: Race from 10 to 100k!!
« Reply #3815 on: August 01, 2022, 03:01:35 AM »
Net worth:
01/01/2019: -    109,47
01/02/2019:      269,41 (+   378,88 )
01/03/2019:      890,47 (+   621,06 )
01/04/2019:   1.767,70 (+   877,23 )
01/05/2019:   3.755,46 (+1.987,76 )
01/06/2019:   4.814,83 (+1.059,37 )
01/07/2019:   5.959,50 (+1.144,67 )
01/08/2019:   7.116,94 (+1.157,44 )
01/09/2019:   9.855,39 (+2.738,45 )
01/10/2019:   9.718,18 (-   137,21 )
01/11/2019: 10.726,98 (+1.008,80 )
01/12/2019: 11.773,70 (+1.046,72 )
01/01/2020: 12.979,27 (+1.205,57 )
01/02/2020: 14.363,54 (+1.384,27 )
01/03/2020: 15.039,09 (+   675,56 )
01/04/2020: 15.456,74 (+   417,65 )
01/05/2020: 16.903,74 (+1.447,00 )
01/06/2020: 17.847,51 (+   943,77 )
01/07/2020: 19.991,35 (+2.143,84 )
01/08/2020: 23.859,77 (+3.868,42 )
01/09/2020: 27.705,58 (+3.845,81 )
01/10/2020: 28.348,92 (+   643,34 )
01/11/2020: 29.975,77 (+1.626,85 )
01/12/2020: 32.157,81 (+2.182,04 )
01/01/2021: 37.536,36 (+5.378,55 )
01/02/2021: 39.128,65 (+1.592,29 )
01/03/2021: 43.488,25 (+4.359,60 )
01/04/2021: 50.227,75 (+6.739,50 )
01/05/2021: 50.942,27 (+   714,52 )
01/06/2021: 45.969,23 (- 4.973,04 )
01/07/2021: 47.887,98 (+1.918,75 )
01/08/2021: 50.361,49 (+2.473,51 )
01/09/2021: 55.538,44 (+5.176,95 )
01/10/2021: 55.405,64 (-    132,80 )
01/11/2021: 62.397,76 (+6.992,12 )
01/12/2021: 62.957,50 (+   559,74 )
01/01/2022: 62.444,54 (-    512,96 )
01/02/2022: 57.130,55 (- 5.313,99 )
01/03/2022: 59.780,50 (+2.649,95 )
01/04/2022: 63.814,15 (+4.033,65 )
01/05/2022: 60.816,35 (- 2.997,80 )
01/06/2022: 55.643,44 (- 5.172,91 )
01/07/2022: 49.784,34 (- 5.859,10 )

01/07/2022: 56.777,07 (+6.992,73 )

Finally a good month again both due to the market recovery and higher savings. Hoping savings for the rest of the year will keep pace, then it should be a good ending to the year. Year on year from 01.08.2021 to 01.08.2022 savings were 14 k , while net worth gain was only roughly 6,5 k . But I guess this early during the accumulation phase it's a good thing to have downward markets.

regenaeb

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Re: Race from 10 to 100k!!
« Reply #3816 on: August 01, 2022, 07:49:40 AM »
8/21/21 - SEP + Roth $ 27,113.71
9/30/21 - SEP + Roth $ 27,063.71
10/29/21 - SEP + Roth $ 29,254.43
11/30/21 - SEP + Roth $ 30,055.54
12/31/21 - SEP + Roth $ 31,239.32

1/31/22 - SEP+401K+Roth $ 30,322.94
2/28/22 - 401K + Roth $ 30,620.77 (SEP-IRA rollover to 401K complete)
3/31/22 - 401K + Roth $ 32,862.61
4/30/22 - 401K + Roth $ 31,324.59
5/31/22 - 401K + Roth $ 32,310.61
6/30/22 - 401K + Roth $ 29,261.11
7/31/22 - 401K + Roth $ 32,205.00

Finally, some upward movement. I did not add funds this month because I was off work 2 weeks enjoying some family vacation time. Being self-employed means, I don't work, I don't get paid. August will be a better month where I can add more fund to the accounts. Hoping the second half of the year continues to improve.

Rimu05

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Re: Race from 10 to 100k!!
« Reply #3817 on: August 02, 2022, 12:39:04 PM »
JAN 2022: 40,699.37
MAR 2022: 87,840.41
JUN 2022:  86,153.42

Switched to an easier way of tracking. Goal is to get to 100K, get my emergency fund to 20K, and just cruise.

I bizarrely have spent less since becoming debt free. I've been cooking at home, and only eating out once a week. This has been a good balance for me. I still though both make coffee at home and buy it largely from studying at Starbucks. I'll try and get a hario for work.

It seems I've just made it to 100K because of the recent market rally

87285.79   401K
6,722.64   HSA
308.07   Checking
3511    Roth
-2250   debt
5034           Savings
100,611.5   

JAN 2022: 40,699.37
MAR 2022: 87,840.41
JUN 2022:  86,153.42
AUG 2022: 100,611.5

Imma

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Re: Race from 10 to 100k!!
« Reply #3818 on: August 02, 2022, 01:52:38 PM »
April 2019: 10094.35
May 2019: 11629.87
June 2019: 12728.63
July 2019: 13021,33
August 2019: 10363,95
September 2019: 10338.28
October 2019: 11128.59
November 2019: 11227,46
December 2019: 11991,27
January 2020: 12576,72
February 2020: 11904,39
March 2020: 10425,32
April 2020: 11830,70
May 2020: 12154,67
June 2020: 14634,19
July 2020: 15345,09
August 2020: 16444,46
September 2020: 17108,60
October 2020: 16687,93
November 2020: 17762,62
December 2020: 19386,94
January 2021: 20649.69
February 2021: 22021,64
March 2021: 22763,55
April 2021: 23866,70
May 2021: 25689.77
June 2021: 25659.61
July 2021: 26434.48
August 2021: 28512.33
September 2021: 29243.37
October 2021: 30357,48
November 2021: 32537,78
December 2021: 33194,68
January 2022: 32912,87
February 2022: 33483,33
March 2022: 32467,16
April 2022: 33360,09
May 2022: 33804,92
June 2022: 33276,84
July 2022: 34735,50

Goals for 2022:
Savings: 15.000
Investments: 30.000

@Manchester so far I'm not worried about the economic changes at all. Or maybe a better way to put it, I'm concerned about all sorts of geopolitical and economic developments, but I'm not worried about my own financial situation. When I log in to my brokerage account, I don't have feelings about the number on the screen. It's also not really that bad, I'm at -9% in 2022 but 2021 ended at +17%. I guess my investments feel more like Monopoly money to me than actual money. In my head, only my regular savings account feels "real". I have about 10k in that account and that's more than anyone I know irl.

I have a very steady job, the type of job that only gets more steady in times of economic uncertainty. I have more luxury in my life than I had 5 years ago when I made 1200 a month, but still a lot less than people with a similar income. And we still have the skills to go back to hardcore frugal living if we had to.

With regards to your housing situation, I think it's worth the time to figure out why exactly you want to move and whether this is the right timing. Is it a "status" thing, living in a nicer house? Or more a safety issue? How would it change your life? Would there be any downsides, like more use of a car and less walking?

We live in a terraced house on a council estate with a bad reputation. But it's actually quite a nice place to live, so we make do with the small-ish house. It's very green with mature trees, a nice highstreet with independent shops within walking distance, and most importantly, extremely safe. I can't guarantee all my neighbours pay their taxes, but it's safe for kids to play outside, people keep an eye out for our house when we're not here, drug dealers and wife beaters are chased away. If you're in a more rough neighbourhood, I can imagine moving to a nicer area would be a good decision for a young family, especially if decent schools and shops are within walking distance so you don't have to drive as much.

In the current economic climate I wouldn't feel secure moving "just" for status reasons, though, but that's up to you of course. One thing I've heard from friends with kids who have moved to"nicer" areas is they underestimated the impact on their kids. All the other parents drive expensive cars, go to Ibiza in summer, the kids wear expensive brands. If you're trying to live a mustachian life, you're going to stand out a lot. For you that's a choice but for kids it might be easier to have friends with a similar lifestyle. And my friends aren't even extremely frugal, I'm talking about people who drive a Civic or a Prius instead of a BMW and still going on foreign vacations, just not as interested in consumerism.

Turtle

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  • Posts: 127
Re: Race from 10 to 100k!!
« Reply #3819 on: August 03, 2022, 07:10:05 AM »
My N/W grew by 2,846.97 to a new total of 54,453.44.
My N/W grew by 1,721.56 to a new total of 56,175.
My N/W grew by 2,262.53 to a new total of 58,437.53.
My N/W grew by 3,196.03 to a new total of 61,633.56.
My N/W grew by 2,080.14 to a new total of 63,713.70.
My N/W grew by 189.35 to a new total of 63,903.05.
My N/W grew by 2,046.07 to a new total of 65,949.12.
My N/W grew by 2,489.81 to a new total of 68,438.93.
My N/W grew by 2,948.26 to a new total of 71,387.19.
My N/W decreased by 1,267.07 to a new total of 70,120.12.
My N/W grew by 73.15 to a new total of 70,193.27.

July Update:

My N/W grew by 2,885.54 to a new total of 73,078.81.

It would have been a more significant increase if I hadn't paid for a posh holiday abroad - but life is for living!

Speaking of which, I have quite an unmustacian itch in the back of my mind tempting me to move to a bigger, posher house in a nicer area.  I can definitely afford a higher mortgage, and I'm getting sick of my current house (the location primarily - not the house itself).  However, upgrading to a new house would reduce my cash flow and tie up more money in a non-liquid asset.

Can't really decide what the best plan is, but considering I spend 95% of my life at home, I feel like it wouldn't really be 'wasted' money.

Anyway, that's my post for the month.  Hope everyone is doing well.

Do you own or rent your current place?  If you moved, would you be able to rent the current place out for enough to cover the mortgage on it? 

Tass

  • Magnum Stache
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  • Age: 29
  • Location: Crossing some mountains
  • Working on a PhD...
Re: Race from 10 to 100k!!
« Reply #3820 on: August 04, 2022, 06:49:46 PM »
201720182019202020212022
January$12.1k$24.7k$49.0k$76.2k$95.4k
February$13.6k$27.2k$46.5k$79.0k$95.0k
March$15.1k$29.3k$42.7k$82.6k$96.4k
April$16.6k$31.3k$47.5k$87.3k$90.3k
May$17.7k$31.5k$50.6k$88.2k$89.7k
June$18.5k$33.3k$53.5k$90.3k$84.4k
July$6.2k$20.2k$35.1k$58.5k$92.0k$92.4k
August$6.8k$20.8k$36.7k$63.0k$94.4k
September   $8.2k$22.2k$38.6k$63.2k$93.1k
October$9.0k$21.7k$40.2k$62.9k$97.1k
November$9.9k$22.5k$42.6k$69.9k$95.1k
December$11.1k   $22.4k   $44.6k   $75.0k   $100.3k

I'm almost done with graduate school and now fielding job offers - it seems likely I'll finish before re-achieving $100k. Can I still say I saved $100k in grad school?

Imma

  • Magnum Stache
  • ******
  • Posts: 3157
  • Location: Europe
Re: Race from 10 to 100k!!
« Reply #3821 on: August 05, 2022, 03:20:44 AM »
201720182019202020212022
January$12.1k$24.7k$49.0k$76.2k$95.4k
February$13.6k$27.2k$46.5k$79.0k$95.0k
March$15.1k$29.3k$42.7k$82.6k$96.4k
April$16.6k$31.3k$47.5k$87.3k$90.3k
May$17.7k$31.5k$50.6k$88.2k$89.7k
June$18.5k$33.3k$53.5k$90.3k$84.4k
July$6.2k$20.2k$35.1k$58.5k$92.0k$92.4k
August$6.8k$20.8k$36.7k$63.0k$94.4k
September   $8.2k$22.2k$38.6k$63.2k$93.1k
October$9.0k$21.7k$40.2k$62.9k$97.1k
November$9.9k$22.5k$42.6k$69.9k$95.1k
December$11.1k   $22.4k   $44.6k   $75.0k   $100.3k

I'm almost done with graduate school and now fielding job offers - it seems likely I'll finish before re-achieving $100k. Can I still say I saved $100k in grad school?

Sure! You just can't say "I saved $100.000 in grad school twice. "

Good luck with the job offers, you've done yourself a massive favour building up this kind of stash at your age. You can skip the "it-pays-the-bills" job phase and go straight to finding the job you really want. If you need to move, you can afford to move, if you need to accept a slightly lower pay, you can afford to take that pay cut. You can walk out of a job if you're being mistreated. You've trained your frugal muscle. You're 15 years ahead of your peers.

Manchester

  • Bristles
  • ***
  • Posts: 367
  • Location: UK
Re: Race from 10 to 100k!!
« Reply #3822 on: August 09, 2022, 03:44:29 AM »


@Manchester so far I'm not worried about the economic changes at all. Or maybe a better way to put it, I'm concerned about all sorts of geopolitical and economic developments, but I'm not worried about my own financial situation. When I log in to my brokerage account, I don't have feelings about the number on the screen. It's also not really that bad, I'm at -9% in 2022 but 2021 ended at +17%. I guess my investments feel more like Monopoly money to me than actual money. In my head, only my regular savings account feels "real". I have about 10k in that account and that's more than anyone I know irl.

I have a very steady job, the type of job that only gets more steady in times of economic uncertainty. I have more luxury in my life than I had 5 years ago when I made 1200 a month, but still a lot less than people with a similar income. And we still have the skills to go back to hardcore frugal living if we had to.

With regards to your housing situation, I think it's worth the time to figure out why exactly you want to move and whether this is the right timing. Is it a "status" thing, living in a nicer house? Or more a safety issue? How would it change your life? Would there be any downsides, like more use of a car and less walking?

We live in a terraced house on a council estate with a bad reputation. But it's actually quite a nice place to live, so we make do with the small-ish house. It's very green with mature trees, a nice highstreet with independent shops within walking distance, and most importantly, extremely safe. I can't guarantee all my neighbours pay their taxes, but it's safe for kids to play outside, people keep an eye out for our house when we're not here, drug dealers and wife beaters are chased away. If you're in a more rough neighbourhood, I can imagine moving to a nicer area would be a good decision for a young family, especially if decent schools and shops are within walking distance so you don't have to drive as much.

In the current economic climate I wouldn't feel secure moving "just" for status reasons, though, but that's up to you of course. One thing I've heard from friends with kids who have moved to"nicer" areas is they underestimated the impact on their kids. All the other parents drive expensive cars, go to Ibiza in summer, the kids wear expensive brands. If you're trying to live a mustachian life, you're going to stand out a lot. For you that's a choice but for kids it might be easier to have friends with a similar lifestyle. And my friends aren't even extremely frugal, I'm talking about people who drive a Civic or a Prius instead of a BMW and still going on foreign vacations, just not as interested in consumerism.

I agree so much with your first paragraph.  It doesn't feel like 'real' money does it?  Starting out in a precarious financial position (and being feeling stressed day in and day out about my lack of money) to where I am now is crazy.  I don't 'think' about money at all, other than to check whether it's gone up or down once a month.

The area I live in is actually quite nice/desirable.  Suburb, good transport links, low crime, good schools in an amazing City.  I don't live in Hale Barns or Alderly Edge (Posh places in MCR), but it's definitely one of the nicest areas in the city. 

The main issue I have with where I live is that our house is on the main road.  It's noisy and inconvenient and now that I have a baby I'm worried that it's dangerous (cars doing double the speed limit etc).  There's another issue where it can smell.  We're not too far from the water treatment plant.  It happens maybe once or twice a year, but it's enough to stop us from hosting garden parties - just in case.  Recently we had to have our windows closed despite the heat.

The house itself is lovely - just the immediate position that's the problem.   If we could pick it up and move it onto a side road it would be perfect.  When we were buying, we were both early 20s and this was the top end of what we could afford - we went for a nicer house in a worse location rather than the other way around and I don't regret that.  But mentally, I just feel ready to move.

Manchester

  • Bristles
  • ***
  • Posts: 367
  • Location: UK
Re: Race from 10 to 100k!!
« Reply #3823 on: August 09, 2022, 03:55:51 AM »
My N/W grew by 2,846.97 to a new total of 54,453.44.
My N/W grew by 1,721.56 to a new total of 56,175.
My N/W grew by 2,262.53 to a new total of 58,437.53.
My N/W grew by 3,196.03 to a new total of 61,633.56.
My N/W grew by 2,080.14 to a new total of 63,713.70.
My N/W grew by 189.35 to a new total of 63,903.05.
My N/W grew by 2,046.07 to a new total of 65,949.12.
My N/W grew by 2,489.81 to a new total of 68,438.93.
My N/W grew by 2,948.26 to a new total of 71,387.19.
My N/W decreased by 1,267.07 to a new total of 70,120.12.
My N/W grew by 73.15 to a new total of 70,193.27.

July Update:

My N/W grew by 2,885.54 to a new total of 73,078.81.

It would have been a more significant increase if I hadn't paid for a posh holiday abroad - but life is for living!

Speaking of which, I have quite an unmustacian itch in the back of my mind tempting me to move to a bigger, posher house in a nicer area.  I can definitely afford a higher mortgage, and I'm getting sick of my current house (the location primarily - not the house itself).  However, upgrading to a new house would reduce my cash flow and tie up more money in a non-liquid asset.

Can't really decide what the best plan is, but considering I spend 95% of my life at home, I feel like it wouldn't really be 'wasted' money.

Anyway, that's my post for the month.  Hope everyone is doing well.

Do you own or rent your current place?  If you moved, would you be able to rent the current place out for enough to cover the mortgage on it?

We own our current house.  We owe roughly 200k on the mortgage, but it's worth 335k - 350k.

Theoretically, we could rent out our current house and cover the mortgage, but I'd be reluctant to become a landlord.  The red-tape and work put me off.  I'm not convinced the money I'd earn would be worth it.

With our finances, we'd have a top-end budget of 600k which would buy a very nice house in our area - but we'd be paying considerably more each month (at least double our current payments of 850).  We both have decent jobs and a lot of disposable income. 


M5

  • Stubble
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  • Posts: 204
  • Location: Nevada
Re: Race from 10 to 100k!!
« Reply #3824 on: August 11, 2022, 02:45:16 PM »
Trying to get back on the wagon after not tracking this for a couple years. A lot has changed since then, including our first child and my wife being thrust into the stay at home parent role due to lack of available childcare. Quite a change going from dual to single income, especially when you didn't really plan for it. I used to track total net worth (currently $320k), but this time I'm just going to track investments since the equity in our home accounts for a large chunk of our NW and we don't have any plans to move out of it for a long time, if ever. Not including cash on hand in checking/savings either. Shouldn't spend too long here before graduating to the 100-250k thread once again.

8/11/22: $95,366

 

Wow, a phone plan for fifteen bucks!