Author Topic: Race from 10 to 100k!!  (Read 1296735 times)

MEJG

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Re: Race from 10 too 100k!!
« Reply #500 on: July 01, 2015, 05:47:05 AM »
NW May 31, 2015: -59,533.84
NW June 30, 2015: -55,028.72

Change: +4,505.12
Zwillow says my house appreciated 5,000 this month, I don't buy that so I'm holding my house value steady rather than changing it.  NW change reflects savings, debt pay off and very very slight gains in some of our retirement accounts.

Goal for the year is to average 5,000 change per month.  Going to have to focus a bit more to achieve that.

johnny847

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Re: Race from 10 too 100k!!
« Reply #501 on: July 01, 2015, 08:22:52 AM »
June 2015: $85.9k

July 2015: $89k
August 2015: $87.8k

Mr. Market dropped my net worth by $5493.77. I never like seeing my net worth drop, but hey, in this case it also means I bought my investments at lower prices this month! I also tax loss harvested $4914.45 of losses. So that's a $3000 tax deduction at my 25% fed + 6% state marginal tax rates this year, and I carry forward $1914.45 of losses to next year (where I expect not to have any capital gains, so it will again be deducted against income).

Saved 64.8% of my income this month, but this is one of two months of the year that I get paid more than normal.
« Last Edit: August 31, 2015, 10:30:33 PM by johnny847 »

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #502 on: July 01, 2015, 03:00:16 PM »
Hm..the spreadsheet looks funny :/ Methinks someone had trouble with the "sort" feature. Undo!

Anyway, congrats to all on progress!

 Also seeing the market headwinds, but still ended the month up 4.5% and above the 3/4 mark :-)

Treesworth

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Re: Race from 10 too 100k!!
« Reply #503 on: July 02, 2015, 12:05:04 AM »
Looks like someone accidently deleted some cells, then someone updated the spreadsheet to the new current values column, then someone has sorted incorrectly. We need to go back to the 0154GMT on the 1st of July version.

I'm loving the market at the moment especially with a triple pay month. Getting a big jump next month too with a few grand windfall and a dividend payment coming in, expecting to easily break 20,000.

ash7962

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Re: Race from 10 too 100k!!
« Reply #504 on: July 02, 2015, 12:18:44 PM »
Hmmm I actually saved a lot of money in June since was net about 2100$ in cash.  The investment accounts offset that progress by a bunch though.  Hopefully things will look better in July, but ended June at 71735$.  Also had to pick up a loan repayment for 500$ a month which is coming directly from the funds I was using to invest.  Hoping to use that as motivation to cut back on some of the lifestyle creep I've been letting in recently.

Apples

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Re: Race from 10 too 100k!!
« Reply #505 on: July 05, 2015, 10:25:59 AM »
You know, I get on this thread to update my progress, and I look around at the other people in the top 10 Net Worths or so in this group and think "wow they're increasing their NWs so fast!" and I get the slight feeling that we're moving slowly.  Then I realize I had only hoped our NW would go up 30k this year (stock market and God be willing) and look to see that it has already gone up almost 20K in 6 months.  So basically we're kicking ass.  Thanks to everyone in this group for being awesome motivators.

hope2retire

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Re: Race from 10 too 100k!!
« Reply #506 on: July 05, 2015, 06:49:46 PM »
Just curious what is the average increase in NW per month or per year in this thread, who start with 10K or less at the beginning? From this we can calculate how long will it take to reach a 100k delta from zero on an average. Also, what is the average salary (guesstimate) on this thread? This could shed some light on what investment vehicle contributed to the rapid increase in NW for some. 

H2R

KzooKendrick

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Re: Race from 10 too 100k!!
« Reply #507 on: July 05, 2015, 06:56:45 PM »
This is a great idea - we could definitely add two columns to the spreadsheet. One can auto-calculate based on average NW change and the other we can let folks fill in as they feel comfortable.

The only thing a salary column wouldn't capture is changes in salary as it would be a static number - not sure if anyone cares to get down to that level, but thought I'd point it out.


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seanc0x0

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Re: Race from 10 too 100k!!
« Reply #508 on: July 06, 2015, 10:46:07 AM »
Ugh, my paltry contribution of $250 at the end of the month got me to +$5 last month. A combination of market headwinds and reduced contributions as we stockpile cash for renovations.

At least we'll have a new driveway this month without having to go into debt, but it does hurt the savings.  I also look forward to not worrying about the shovel catching on the driveway and nutting myself next winter! :)

frogger

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Re: Race from 10 too 100k!!
« Reply #509 on: July 11, 2015, 04:40:29 PM »
Nobody mind me this month (or next...or the one after). I'll be dropping NW until October--nine month pay calendar will do that.

May 31st: 21300
June 30th: 20200

MVal

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Re: Race from 10 too 100k!!
« Reply #510 on: July 14, 2015, 10:37:23 PM »
Oh boy, this is great! A thread for us "newbies" to ER! It can seem so out of reach sometimes reading about all the achievements of Mustachians about to FIRE with a million sacked away; it's really nice to read posts from people just starting out on their ER journey. This is the first year I'm really getting into it and my net worth should be around $45K by the end of the year between 401K, Roth and personal savings.

I'm aiming to be worth $75K by the end of next year, and hopefully 100K the year after that!

SpareChange

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Re: Race from 10 too 100k!!
« Reply #511 on: July 15, 2015, 12:08:06 AM »
Oh boy, this is great! A thread for us "newbies" to ER! It can seem so out of reach sometimes reading about all the achievements of Mustachians about to FIRE with a million sacked away; it's really nice to read posts from people just starting out on their ER journey. This is the first year I'm really getting into it and my net worth should be around $45K by the end of the year between 401K, Roth and personal savings.

I'm aiming to be worth $75K by the end of next year, and hopefully 100K the year after that!

Yes, this thread is perfect for those getting started. Stick with it, and good luck!

Rodgers12

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Re: Race from 10 too 100k!!
« Reply #512 on: July 17, 2015, 09:13:54 PM »
Hello Fellow Mustachian's,

Found the MMM website about a month ago, was already a mini mustachian without even knowing it. Have been sitting on the sidelines reading a bunch of the threads but as this particular topic is a current goal of mine, I decided this maybe just the thing to help keep me focused on the goal to 100K. Current NW is $$35,596. Projected year end NW should be about $45k.

SpareChange

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Re: Race from 10 too 100k!!
« Reply #513 on: July 17, 2015, 10:07:55 PM »
Hello Fellow Mustachian's,

Found the MMM website about a month ago, was already a mini mustachian without even knowing it. Have been sitting on the sidelines reading a bunch of the threads but as this particular topic is a current goal of mine, I decided this maybe just the thing to help keep me focused on the goal to 100K. Current NW is $$35,596. Projected year end NW should be about $45k.

Hello and welcome!

Runningtuff

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Re: Race from 10 too 100k!!
« Reply #514 on: July 24, 2015, 02:30:09 PM »
Paid off my student loan this month - it was 0% but still a nice milestone.

Also got the government retirement credit of $500 for the year, so currently sitting at $22,800, from $16,600 a year and a bit ago. It's encouraging to see it add up with just small steps.

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #515 on: July 24, 2015, 10:25:12 PM »


Paid off my student loan this month

Congratulations!!

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markbike528CBX

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Re: Race from 10 too 100k!!
« Reply #516 on: July 26, 2015, 02:34:56 PM »
Great thread and stories.   
Too old to participate, but i'm following to be able to show others
IT CAN BE DONE!

JLee

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Re: Race from 10 too 100k!!
« Reply #517 on: July 27, 2015, 01:05:58 PM »
I'm getting there!

$55,337.49 investments/deposit accounts
-$148.84 CC balance waiting for payoff
$37,193.16 home equity using Zillow (which is hopefully less than optimistic)

NW: $92,381.81

Not factoring in cars at all, but if I did I could add ~$15k.

$7,618.19 to go! I'm sending roughly $1900/mo to my 401k, so I should clear 100k in November-ish!

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #518 on: July 30, 2015, 02:51:31 PM »
I'm getting there!
I should clear 100k in November-ish!

Nice! You are killing it!


Yaay, I broke $80k this month!
$80,183.66, up $3,800 or 5% :-)

ETA: Also found a new apartment with 1 more bedroom AND closer to work for $170/mo less! Moving in in October. And, switching from Verizon to Project Fi ($60/mo to $30/mo) in the next 4-8 weeks!
« Last Edit: July 30, 2015, 02:53:49 PM by tarheeldan »

FrugalShrew

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Re: Race from 10 too 100k!!
« Reply #519 on: July 30, 2015, 03:27:49 PM »
It's funny what a psychological drag debt can be. I'm actually at slightly more than $10K net worth, but I still feel "in the hole" because my student loans are not yet paid off. I don't think any warm and fuzzy positive net worth feelings will manifest until I feel the relief of that debt being eliminated. That being said, it is nice to finally be at the start line of this gauntlet.

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #520 on: July 30, 2015, 05:23:14 PM »
That being said, it is nice to finally be at the start line of this gauntlet.
Congrats!

It's funny what a psychological drag debt can be.
I know the feeling! But it sounds like you're listening to reason rather than emotion which is good! Unlike me - I paid off my 1.9% APR car way too fast and I know that was an expensive way to get rid of that psychological drag.

FrugalShrew

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Re: Race from 10 too 100k!!
« Reply #521 on: July 30, 2015, 06:04:07 PM »
That being said, it is nice to finally be at the start line of this gauntlet.
Congrats!

It's funny what a psychological drag debt can be.
I know the feeling! But it sounds like you're listening to reason rather than emotion which is good! Unlike me - I paid off my 1.9% APR car way too fast and I know that was an expensive way to get rid of that psychological drag.

Luckily/unluckily, even though my student loans are federal, they are still at 6.8% interest (and now-paid-off ones were at 7.9%), so focusing on paying them down has given me a solid ROI. But it's hard to be rational. It was difficult putting money into my 401(K) (most of my current assets) with the student loans hanging over my head. I knew I should not pass up the tax-advantaged space, but it was not easy!

I know many here advocate holding low interest debt, such as a mortgage, and investing the funds elsewhere to reap greater returns, but I would definitely have a psychological hurdle to overcome to take on even low interest debt in the future. 

Pooplips

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Re: Race from 10 too 100k!!
« Reply #522 on: July 31, 2015, 07:47:48 AM »
3/9/15 - PC Net Worth $53,877
4/1/2015 - $60,080.00
5/1/2015 - $63,589.00
6/1/2015 - $65,962.00
6/26/2015 - $70,181.00


7/31/2015 - $72,988.00

My raise will be kicking in next Pay period hope to see this number jump bigtime.

JLee

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Re: Race from 10 too 100k!!
« Reply #523 on: July 31, 2015, 08:50:09 AM »
I'm getting there!
I should clear 100k in November-ish!

Nice! You are killing it!


Yaay, I broke $80k this month!
$80,183.66, up $3,800 or 5% :-)

ETA: Also found a new apartment with 1 more bedroom AND closer to work for $170/mo less! Moving in in October. And, switching from Verizon to Project Fi ($60/mo to $30/mo) in the next 4-8 weeks!

Recurring monthly savings are the best! Congrats!

I'm getting there!

$55,337.49 investments/deposit accounts
-$148.84 CC balance waiting for payoff
$37,193.16 home equity using Zillow (which is hopefully less than optimistic)

NW: $92,381.81

Not factoring in cars at all, but if I did I could add ~$15k.

$7,618.19 to go! I'm sending roughly $1900/mo to my 401k, so I should clear 100k in November-ish!

Zillow's valuation of my house went up a little, and I got paid again...factoring in the mortgage payment and 401k contributions that should hit tomorrow-ish, I'm looking at $95,072.38. I might hit 100k in September or October! :D

My paychecks are scary small with my 401k running at 40%, but I'm going to see if I can stretch it to the end of the year to get as much into my 401k as possible. Now that I have a pay stub to look at, I have $2094.84/mo going to my 401k (including match). This would put my final year end contributions (excluding match) at $15597.63. Not quite max, but it should be next year.

In other good news, after certain roommates leaving, installation of a programmable thermostat, and a variable speed pool pump, my projected August electric bill is less than half of what the bill was last year ($396 -> $190). Huge difference!

ohyonghao

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Re: Race from 10 too 100k!!
« Reply #524 on: July 31, 2015, 11:36:20 AM »
I'm getting there!
I should clear 100k in November-ish!

Nice! You are killing it!


Yaay, I broke $80k this month!
$80,183.66, up $3,800 or 5% :-)

ETA: Also found a new apartment with 1 more bedroom AND closer to work for $170/mo less! Moving in in October. And, switching from Verizon to Project Fi ($60/mo to $30/mo) in the next 4-8 weeks!

Recurring monthly savings are the best! Congrats!

I'm getting there!

$55,337.49 investments/deposit accounts
-$148.84 CC balance waiting for payoff
$37,193.16 home equity using Zillow (which is hopefully less than optimistic)

NW: $92,381.81

Not factoring in cars at all, but if I did I could add ~$15k.

$7,618.19 to go! I'm sending roughly $1900/mo to my 401k, so I should clear 100k in November-ish!

Zillow's valuation of my house went up a little, and I got paid again...factoring in the mortgage payment and 401k contributions that should hit tomorrow-ish, I'm looking at $95,072.38. I might hit 100k in September or October! :D

My paychecks are scary small with my 401k running at 40%, but I'm going to see if I can stretch it to the end of the year to get as much into my 401k as possible. Now that I have a pay stub to look at, I have $2094.84/mo going to my 401k (including match). This would put my final year end contributions (excluding match) at $15597.63. Not quite max, but it should be next year.

In other good news, after certain roommates leaving, installation of a programmable thermostat, and a variable speed pool pump, my projected August electric bill is less than half of what the bill was last year ($396 -> $190). Huge difference!

That's awesome.  I just recently got going with the 401k goodness too, though admittedly a little low at 12%, but my employer doesn't do matches and I have other tax advantaged accounts I'm filling.  Long term view is to switch to filling the 401k first, then filling my other buckets.

Keep it up and I'll see you in the 100k-250k thread soon.

Eristheunorganized

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Re: Race from 10 too 100k!!
« Reply #525 on: July 31, 2015, 09:35:15 PM »
My net worth went up very slowly. $63,924--->$65,555. This is partly because I bought a bicycle this month to replace mine that was stolen over the winter.
Also- I'm planning on selling my motorcycle, but have been lazy about it.

bokonon

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Re: Race from 10 too 100k!!
« Reply #526 on: August 01, 2015, 05:56:05 AM »
Well, we did it :)!  My wife and I have settled in above the $100k mark!!!  I was thinking to myself the other day, *if* everything goes according to plan, then I may never be worth less than $100k for the rest of my life.  Kind of a crazy thought!

This has been my favorite thread during the last year.  Fantastic idea and so encouraging to see everyone having so much success.  There are no fancy secret tips to my personal journey.  My gross family income is around $140k.  For our investments we max our our 401ks in vanguard (she gets a 6% match, I get 1%) and we are saving cash in a GE online account earning ~1% trying to save for a 20% house down payment.  You know what they say - slow and steady wins the race!  That's the MMM way!

Congratulations everyone for the awesome progress and the awesome thread!


tarheeldan

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Re: Race from 10 too 100k!!
« Reply #527 on: August 01, 2015, 06:19:32 AM »


Well, we did it :)!  My wife and I have settled in above the $100k mark!!!

Congratulations!! You guys ran this race at a hell of a pace . Keep it up and see you in the 100-250k thread

fb132

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Re: Race from 10 too 100k!!
« Reply #528 on: August 01, 2015, 06:48:10 AM »
2015 Net worth:
January: 61 647,49$
February: 63 787,57$
March: 64 489,46$
April: 65 584,07$
May: 69 863,33$
June: 69 561,33$
July: 72 747,51$

July was a great month, I had my lowest spending of the year and unlike June where my investments took a big hit, July saw the market go way up, I believe I made approx. 2K$ from my investments alone and that is without counting the 900 something dollars I had invested during the month. 27 252,49$ left to go for the magical 100K$ :)
« Last Edit: August 01, 2015, 06:50:38 AM by fb132 »

Pooperman

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Re: Race from 10 too 100k!!
« Reply #529 on: August 01, 2015, 07:44:27 AM »
Back above $35k. Kinda sucks to be back in the time between April and May in terms of net worth, but it happens.

starterstache

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Re: Race from 10 too 100k!!
« Reply #530 on: August 01, 2015, 08:24:41 AM »
Just crossed the $50K mark yesterday!  $50,255 to be exact :)  Hope to be reaching the 100K mark by the end of next year.  Great work everyone :)

johnny847

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Re: Race from 10 too 100k!!
« Reply #531 on: August 01, 2015, 10:31:29 AM »
Jan 2015: 69.8k
Feb 2015: 73.8k (Back over 70k!)
March 2015: 76.6k
April 2015: $82.7k
May 2015: $85.1k
June 2015: $85.9k

July 2015: $88.9k

I"m paid biweekly and had a 3 paycheck month so that helped quite a bit.
I've moved to my new place now, which sadly costs about $400/month more.

I should cross $90k next month!

SpareChange

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Re: Race from 10 too 100k!!
« Reply #532 on: August 01, 2015, 05:31:50 PM »
Yaay, I broke $80k this month!
$80,183.66, up $3,800 or 5% :-)

ETA: Also found a new apartment with 1 more bedroom AND closer to work for $170/mo less! Moving in in October. And, switching from Verizon to Project Fi ($60/mo to $30/mo) in the next 4-8 weeks!

Sweet! Accelerating into the home stretch!

Congrats to our new grad, Bokonon! Looks like more good progress across the board. I was up $4900. Can't complain. Getting an unexpected 2% col raise this month, in addition to the usual one in the fall.


Eristheunorganized

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Re: Race from 10 too 100k!!
« Reply #533 on: August 01, 2015, 08:37:47 PM »
Congratulations everybody!

CanIndian

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Re: Race from 10 too 100k!!
« Reply #534 on: August 02, 2015, 07:00:25 AM »
...

Nov 2011: -15,000 (debt -35,000)
Dec 2012: 1,000 (debt -30,000) hit positive NW.
Dec 2013: 10,200 (debt -20,000) moved to Canada mid 2013 and had our first child as well, and then the NW journey really took off with a promotion.
May 2014: 36,500 (0 debt) SO and I now vowed that the only debt we may ever consider is a mortgage
Dec 2014: 48,500 (had our second child, I know MMM proposes 1, but 2 is our number)

And in the last 2 months
May 2015: $63,000
June 2015: ~$65,550
...

Deceivingly high NW gains this month. Net savings were only $2000(27%), but some market gains, Forex gains due to loonie falling and recalculation and consolidation of all offshore accounts put the NW gains at $8700.
On track to hit 90k by Dec 2015 and 100K by Mar 2016.

May 2015: $63,000
June 2015: $65,550
July 2015: $74,250

psinguine

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Re: Race from 10 too 100k!!
« Reply #535 on: August 02, 2015, 04:29:15 PM »
I was really excited to get in on the race. But then I started adding things up.

Assets

My 1st Chequing - $165
My 2nd Chequing - $2850
My Wife's Chequing - $4150
My Short Term Savings - $3850
My Pension - $3000
My Wife's Pension - $4500
My Wife's TFSA - $1500
My Wife's RRSP - $1500
Our Primary Residence - $150,000
Our Secondary Property - $55,000

Total Assets - $225,515

Liabilities

Wife's Dental Loan - $7150
Primary Mortgage - $15,000
Secondary Mortgage - $48,500

Total Liabilities - $70,650

Total Net Worth - $155,865


I have to admit, I am incredibly surprised. I thought we were doing a lot worse than that. Sadly, however, that also means that I graduated from this race before I even started. And the next jump (to a quarter million) seems so impossibly far away.

givemesunshine

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Re: Race from 10 too 100k!!
« Reply #536 on: August 02, 2015, 04:49:58 PM »
Hi all,

Better month for me - up $3,650 now that an end to medical expenses is in sight.

I am only counting immediately accessible assets for this challenge but have reached a milestone in my Super (Australian Retirement Savings accessible after 65) - now over $150K.

Keep it up all!

Pooplips

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Re: Race from 10 too 100k!!
« Reply #537 on: August 04, 2015, 11:27:44 AM »
I was really excited to get in on the race. But then I started adding things up.

Assets

My 1st Chequing - $165
My 2nd Chequing - $2850
My Wife's Chequing - $4150
My Short Term Savings - $3850
My Pension - $3000
My Wife's Pension - $4500
My Wife's TFSA - $1500
My Wife's RRSP - $1500
Our Primary Residence - $150,000
Our Secondary Property - $55,000

Total Assets - $225,515

Liabilities

Wife's Dental Loan - $7150
Primary Mortgage - $15,000
Secondary Mortgage - $48,500

Total Liabilities - $70,650

Total Net Worth - $155,865


I have to admit, I am incredibly surprised. I thought we were doing a lot worse than that. Sadly, however, that also means that I graduated from this race before I even started. And the next jump (to a quarter million) seems so impossibly far away.

Join the 100K to 250k thread! onward and upward

johnny847

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Re: Race from 10 to 100k!!
« Reply #538 on: August 04, 2015, 03:03:25 PM »
5/31/2014: -$14,743
6/30/2014: -$7196
7/31/2014: $2017
8/31/2014: $5508
9/30/2014: $10,128
10/31/2014: $14,610
11/30/2014: $21,118
12/31/2014: $24,603
1/31/2015: $22,583
2/28/2015: $27,828
3/31/2015: $35,302
4/30/2015: $41,762
5/31/2015: $47,324
6/30/2015: $50,866
7/31/2015: $38,419

Well I'm glad most of you are making solid progress! Let me be the cautionary waisty-pants buffoon this month. Last July I downgraded my car and saw a big leap in net worth. This July, I gave in to temptation and bought a car from my credit union's repossession auction (for $4k under KBB). So there you see the huge dip in net worth!

Can't you just turn that around and sell it for ~$4k profit?

JLee

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Re: Race from 10 too 100k!!
« Reply #539 on: August 05, 2015, 12:05:19 PM »
I was really excited to get in on the race. But then I started adding things up.

Assets

My 1st Chequing - $165
My 2nd Chequing - $2850
My Wife's Chequing - $4150
My Short Term Savings - $3850
My Pension - $3000
My Wife's Pension - $4500
My Wife's TFSA - $1500
My Wife's RRSP - $1500
Our Primary Residence - $150,000
Our Secondary Property - $55,000

Total Assets - $225,515

Liabilities

Wife's Dental Loan - $7150
Primary Mortgage - $15,000
Secondary Mortgage - $48,500

Total Liabilities - $70,650

Total Net Worth - $155,865


I have to admit, I am incredibly surprised. I thought we were doing a lot worse than that. Sadly, however, that also means that I graduated from this race before I even started. And the next jump (to a quarter million) seems so impossibly far away.
You're over halfway there already!

FrugalShrew

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Re: Race from 10 too 100k!!
« Reply #540 on: August 05, 2015, 01:01:19 PM »
I was really excited to get in on the race. But then I started adding things up.

Assets

My 1st Chequing - $165
My 2nd Chequing - $2850
My Wife's Chequing - $4150
My Short Term Savings - $3850
My Pension - $3000
My Wife's Pension - $4500
My Wife's TFSA - $1500
My Wife's RRSP - $1500
Our Primary Residence - $150,000
Our Secondary Property - $55,000

Total Assets - $225,515

Liabilities

Wife's Dental Loan - $7150
Primary Mortgage - $15,000
Secondary Mortgage - $48,500

Total Liabilities - $70,650

Total Net Worth - $155,865


I have to admit, I am incredibly surprised. I thought we were doing a lot worse than that. Sadly, however, that also means that I graduated from this race before I even started. And the next jump (to a quarter million) seems so impossibly far away.
You're over halfway there already!

And you're only 5k further from 250k than those of starting this race at 10k are from 100k :D

MEJG

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  • Posts: 276
  • Location: Northeast US
Re: Race from 10 too 100k!!
« Reply #541 on: August 06, 2015, 12:52:41 PM »
5/31/2015: -$59,533
6/30/2015: -$55,028
7/31/2015: -40,621

Huge jump this month!  Had some interest from a large loan forgiven.  We certainly don't expect 5 figure changes every month :)

ohyonghao

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Re: Race from 10 too 100k!!
« Reply #542 on: August 06, 2015, 12:57:25 PM »
5/31/2015: -$59,533
6/30/2015: -$55,028
7/31/2015: -40,621

Huge jump this month!  Had some interest from a large loan forgiven.  We certainly don't expect 5 figure changes every month :)

Nice!  That's fantastic progress.  Keep it going and you'll be at the starting line in no time.

kpd905

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Re: Race from 10 too 100k!!
« Reply #543 on: August 07, 2015, 05:12:04 PM »
Well, we got married 2 weeks ago and spent way less on the wedding than I was prepared for, so I maxed out both of our traditional IRAs for the year.  This brings us up to about $92,400 in investments.  I am hoping that we will hit $100k sometime in October or early November.

Woodro85

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  • *
  • Posts: 49
Re: Race from 10 too 100k!!
« Reply #544 on: August 13, 2015, 08:51:52 PM »
29M in Canada, 82k salary. Newbie to the forum, and started my Journey with MMM just a couple months ago. I certainly was living a similiar path trying to get out of student loan and clown-car debt, but MMM definitely helped me realize the possibilities and how to get there! NW was negative for many years before this start date. I've done what feels like tremendous work and halfway to the 100k networth now IF I include my Defined benefits pension (what are peoples thoughts on including this? i've read conflicting theories).

Anyway, since the start of this "race":
6/1/2014   $2,412.33
7/1/2014   $4,975.97
8/1/2014   $7,970.02
9/1/2014   $8,705.61
10/1/0204   $12,429.31
11/1/2014   $14,805.83
12/1/2014   $16,910.20
1/1/2015   $19,405.41
2/1/2015   $22,499.52
3/1/2015   $20,136.84
4/1/2015   $19,879.58
5/1/2015   $23,874.52
6/1/2015   $30,000.00
7/1/2015   $37,946.41
8/1/2015   $52,700.00

tarheeldan

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  • Location: Plano, TX
Re: Race from 10 too 100k!!
« Reply #545 on: August 14, 2015, 10:09:51 AM »
Welcome Woodro85! Looks like you saved just about 55% of gross over the past 12 months. Awesome!

fb132

  • Guest
Re: Race from 10 too 100k!!
« Reply #546 on: August 14, 2015, 10:14:32 AM »
29M in Canada, 82k salary. Newbie to the forum, and started my Journey with MMM just a couple months ago. I certainly was living a similiar path trying to get out of student loan and clown-car debt, but MMM definitely helped me realize the possibilities and how to get there! NW was negative for many years before this start date. I've done what feels like tremendous work and halfway to the 100k networth now IF I include my Defined benefits pension (what are peoples thoughts on including this? i've read conflicting theories).

Anyway, since the start of this "race":
6/1/2014   $2,412.33
7/1/2014   $4,975.97
8/1/2014   $7,970.02
9/1/2014   $8,705.61
10/1/0204   $12,429.31
11/1/2014   $14,805.83
12/1/2014   $16,910.20
1/1/2015   $19,405.41
2/1/2015   $22,499.52
3/1/2015   $20,136.84
4/1/2015   $19,879.58
5/1/2015   $23,874.52
6/1/2015   $30,000.00
7/1/2015   $37,946.41
8/1/2015   $52,700.00
I include all my pre tax investments, for example, at work, 45$ each pay is automatically deducted towards my work RRSP and my employers pay also 45$ each pay towards my work RRSP. Therefore it is like I receive 90$ of income and 90$ of that income goes towards investments...then my paycheck also goes towards income category, and my money invested with Questrade is also added in my investment categories....so yes you should include them because you are afterall investing with the difference that it is done automatically from your paycheck instead of manually doing it yourself.
« Last Edit: August 14, 2015, 10:18:56 AM by fb132 »

Pooperman

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  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #547 on: August 14, 2015, 10:16:33 AM »
29M in Canada, 82k salary. Newbie to the forum, and started my Journey with MMM just a couple months ago. I certainly was living a similiar path trying to get out of student loan and clown-car debt, but MMM definitely helped me realize the possibilities and how to get there! NW was negative for many years before this start date. I've done what feels like tremendous work and halfway to the 100k networth now IF I include my Defined benefits pension (what are peoples thoughts on including this? i've read conflicting theories).

Anyway, since the start of this "race":
6/1/2014   $2,412.33
7/1/2014   $4,975.97
8/1/2014   $7,970.02
9/1/2014   $8,705.61
10/1/0204   $12,429.31
11/1/2014   $14,805.83
12/1/2014   $16,910.20
1/1/2015   $19,405.41
2/1/2015   $22,499.52
3/1/2015   $20,136.84
4/1/2015   $19,879.58
5/1/2015   $23,874.52
6/1/2015   $30,000.00
7/1/2015   $37,946.41
8/1/2015   $52,700.00
I include all my pre tax investments, for example, at work, I pay 45$ each pay towards my work RRSP and my employers pay also 45$ each pay towards my work RRSP. There for I receive 90$ of income and 90$ of investments...then my paycheck also goes towards income, and my investments with Questrade is also added in my investment categories....so yes you should include them because you are afterall investing with the difference that is done automatically from your paycheck instead of manually doing it yourself.

I agree. Count it. I only count the vested portion for these sorts of things.

JLee

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Re: Race from 10 too 100k!!
« Reply #548 on: August 14, 2015, 10:54:33 AM »
I'm so close...got paid again, 401k contribution is out of my check but hasn't hit Vanguard yet, so I'm adding it anyway.

$7725.02 net cash (zeroing current CC balance)
$38912.77 house equity
$3085.31 employer stock
$3136.02 Franklin Templeton
$43,068.59 Vanguard

$96,975.13

SO CLOSE!!!  I even spent ~$450 I wouldn't have normally spent this month...definitely makes me want to curb spending even more so I break 100k, hahaha...

TonyPlush

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  • Posts: 74
  • Age: 34
  • Location: Denver
Re: Race from 10 too 100k!!
« Reply #549 on: August 17, 2015, 08:52:00 AM »
I calculated my net worth for the first time in months today: $98,060.

So close...
Calculated it today: $104K!!!

Feels pretty damn good.