I'm 19 years old in the American military and current net worth is about $8,000 ha I try to save about 80% of every paycheck and throw it all into my Vanguard index fund!!!
I'm 19 years old in the American military and current net worth is about $8,000 ha I try to save about 80% of every paycheck and throw it all into my Vanguard index fund!!!
Hey Isaac I have been in the Australian military since i was 19 (i am now 33) but it was only last year that I got on board with ERE. So I will now retire in 10 years time at 43. If only I had started at your age I would be retired by now.
I did what most other thoughtless kids do in the military found myself at a young age with a salary so went and bought the car, easy finance lead to more stupid borrowing until I was ready for a face punch. paid all that back now and am investing regularly thankfully.
And yes net worth!
Anyway, I hope this encourages you to keep at it mate- see you in retirement :P
Finally joined the site to commit to joining this race! Started my first job about a year ago and currently have about $14,000 between TSP, Roth IRA, Emergency fund. Minus the $19,000 I'm a car clown fresh out of college Car loan... (face meet fist)At least you already know it's an emergency. ;)
Official End of June Number:Same here! My employer match is only a paltry 1.5%, but I'll definitely take the free money. :P
$12,809.82
First off, huge jump in the number from just a couple weeks ago. I landed the jackpot of free money by way of employer match on 401(k) contributions for 2013!
Hope to see some more updates from everyone!
They force me to be mustachian because to get it all I have to contribute 15% of my pay to get all of the employer match.Official End of June Number:Same here! My employer match is only a paltry 1.5%, but I'll definitely take the free money. :P
$12,809.82
First off, huge jump in the number from just a couple weeks ago. I landed the jackpot of free money by way of employer match on 401(k) contributions for 2013!
Hope to see some more updates from everyone!
Mine only requires 6% to get it, but I'm thinking of upping the contribution some this year with my raise. Either that, or it'll go towards an IRA.They force me to be mustachian because to get it all I have to contribute 15% of my pay to get all of the employer match.Official End of June Number:Same here! My employer match is only a paltry 1.5%, but I'll definitely take the free money. :P
$12,809.82
First off, huge jump in the number from just a couple weeks ago. I landed the jackpot of free money by way of employer match on 401(k) contributions for 2013!
Hope to see some more updates from everyone!
Finally created an account to jump in on this.
Here's some progress from the last year
End of June 2013:
Student Loans -$12,800
Savings $2,350
Net Worth -$10,450
End of June 2014:
Student Loans -$1,700
Savings $7,900
Retirement Accts $17,900
Net Worth $24,100
My goal is to cross 100k in 2 more years
Finally created an account to jump in on this.
Here's some progress from the last year
End of June 2013:
Student Loans -$12,800
Savings $2,350
Net Worth -$10,450
End of June 2014:
Student Loans -$1,700
Savings $7,900
Retirement Accts $17,900
Net Worth $24,100
My goal is to cross 100k in 2 more years
Woohoo, this thread is more my speed! My current net worth is -$8250, so I'll celebrate every order of magnitude from here to 100K.So I guess you won't be reporting back between 10k and 100k then? ;)
I'm going to predict -$1000 around November 2014. And let's go with -$100, $0, and $100 in December, $1000 in February, and $10,000 in May 2015.
Haha, I suppose. I figure I'll do a big celebration at 10K, and then keep updating monthly or so. But it will take years to get to 100K, so lots of reporting back in the mean time. :PWoohoo, this thread is more my speed! My current net worth is -$8250, so I'll celebrate every order of magnitude from here to 100K.So I guess you won't be reporting back between 10k and 100k then? ;)
I'm going to predict -$1000 around November 2014. And let's go with -$100, $0, and $100 in December, $1000 in February, and $10,000 in May 2015.
Savings $75k
Student loans -$71k
Net worth $4k
Way to go Mazzinator, increasing networth by $6,000 in just over two weeks! I'm happy with my slow, slow pace of $2,000 a month. Keep it up and you'll catch up to me in no time at all.Savings $75k
Student loans -$71k
Net worth $4k
Savings $79k
Student loans -$69k
Net worth $10k
Way to go Mazzinator, increasing networth by $6,000 in just over two weeks! I'm happy with my slow, slow pace of $2,000 a month. Keep it up and you'll catch up to me in no time at all.Savings $75k
Student loans -$71k
Net worth $4k
Savings $79k
Student loans -$69k
Net worth $10k
I was gonna say... $6k * 26 biweekly periods would have been $156k in a year. Still, though, that rate gets you $72k in a year. Very impressive. Was there anything specific that contributed this month, or is that your typical monthly saving?Way to go Mazzinator, increasing networth by $6,000 in just over two weeks! I'm happy with my slow, slow pace of $2,000 a month. Keep it up and you'll catch up to me in no time at all.Savings $75k
Student loans -$71k
Net worth $4k
Savings $79k
Student loans -$69k
Net worth $10k
Thanks!! It's for the entire month. I only calculate this once a month (for sanity) so it's for a whole month, not just two weeks!! Shit, i was i could increase $6k every two weeks ;)
But thanks!!! I need all the positive vibes i can get!!
And $2k a month is nothing to sneeze at!! Great work!
I was gonna say... $6k * 26 biweekly periods would have been $156k in a year. Still, though, that rate gets you $72k in a year. Very impressive. Was there anything specific that contributed this month, or is that your typical monthly saving?Way to go Mazzinator, increasing networth by $6,000 in just over two weeks! I'm happy with my slow, slow pace of $2,000 a month. Keep it up and you'll catch up to me in no time at all.Savings $75k
Student loans -$71k
Net worth $4k
Savings $79k
Student loans -$69k
Net worth $10k
Thanks!! It's for the entire month. I only calculate this once a month (for sanity) so it's for a whole month, not just two weeks!! Shit, i was i could increase $6k every two weeks ;)
But thanks!!! I need all the positive vibes i can get!!
And $2k a month is nothing to sneeze at!! Great work!
I'm in, AND I made a SPREADSHEET!!!
I'm in, AND I made a SPREADSHEET!!!
Ipep,
Nice spreadsheet!
Might I suggest that the total percent change be calculate by the change from last Monty's total instead of a sum of everyone's percent change. Just a suggestion. Still, job well done and thanks!
Haha thanks for the link! Let's see everyone's snowballs roll!Don't tell me what to do with my snowball!
I'm getting excited for the end of the month, when I get to recalculate my net worth. Been watching my index funds go insane each month this year, in line to make 20%. Everything else is going fine, with my new diet our food budget has been lasting, and if we continue this pace we'll be spending less than $200 a month for 2 people. Just another week then I can post my changes.
I'm in, AND I made a SPREADSHEET!!!
https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?usp=sharing
I will be worth nothing, and it will feel wonderful!!!Indeed, I am very excited to be worth nothing, hopefully around the new year, give or take, depending on where my new job places me on the salary scale for fall (I just finished all my paperwork, so now waiting to hear).
You can just drag the calculation down like in excel, I did it for you. Impressive rate!
You can just drag the calculation down like in excel, I did it for you. Impressive rate!
Tada. It's been updated. Now it will automagically populate the % change cell with a "" if there is no number in the adjacent cell to the left. Also, once you enter in a number, the % will appear correctly.
Thanks!
It messes up the average % calculation to have empty cells, so yeah - copy/paste is the way to go (If anyone knows how to change this... I'm not a master of spreadsheets, so let me know or feel free to change it!).
I'll keep an eye on things once the 31st hits, but I'm in Asia so might be sleeping while most of the action is happening :)
AWESOME!!!!I was thinking when you first said "ranks" that it would be on the size of our stash. It would be interesting perhaps to suggest a few names on our way towards our first $100,000.
I'm thinking of adding a "ranks" column, so as the months go by we can have "previous rank" and "current rank" and see how the standings change... opinions?
AWESOME!!!!I was thinking when you first said "ranks" that it would be on the size of our stash. It would be interesting perhaps to suggest a few names on our way towards our first $100,000.
I'm thinking of adding a "ranks" column, so as the months go by we can have "previous rank" and "current rank" and see how the standings change... opinions?
<$0 New pack of razors
$0 Putting down the razor
$1-$10,000 Peach Fuzz
$10,000-$25,000 5 o'clock shadow
$25,000-$50,000 Second day no shave
$50,000-$99,999 Pencil stash
$100,000+ Handle Bars
Or something like that. I'm sure someone else could come up with better ranks. Then we graduate to the race to $1 million thread :-D
Love it, and it would be super easy to implement (at least for me... :P)
Love it, and it would be super easy to implement (at least for me... :P)
You're doing things I never knew a spreadsheet could do.
You're in charge. I'll pass the torch to you, if you want it!
Had to join the forums for this challenge!
I know Mint uses Zillow to calculate home value, and I suspect it grossly overestimates, but for consistency sake, I just go with it.
My goal for 2014 for Net Worth was a whopping -$37K. My stretch goal was -$30K. I might make it!
Also, bad end of the month for my stocks :/ At least they're on sale for my next purchases, right?
My percent increase didn't calculate itself, I looked at the formula but couldn't figure out why anyone else know why?
Also, bad end of the month for my stocks :/ At least they're on sale for my next purchases, right?
Suit, your percent increase did calculate itself from what I can see. Although someone may have fixed it before I could check. :D
Stocks went on sale the last two days of the month resulting in a small loss.
Saw My NW drop off about $500, but I finally paid off the last credit card. I'm now debt free and can only go up. Feels weird :/
Saw My NW drop off about $500, but I finally paid off the last credit card. I'm now debt free and can only go up. Feels weird :/
Savings $75k
Student loans -$71k
Net worth $4k
Savings $79k
Student loans -$69k
Net worth $10k
Aug
Savings $80,613
Student loans -$67,363
Net worth $13,250
Edit: could someone update the doc for me??? I only have an ipad and can't figure out how to update my numbers using it. Thanks!!
Just found out that my wife has $10k in some sort of investment in her home country which yields about 5% a year, this is going to boost my number up for next month.Saw My NW drop off about $500, but I finally paid off the last credit card. I'm now debt free and can only go up. Feels weird :/
I'm curious as to why your net worth would drop by paying off a credit card? Credit cards are liabilities that should already be calculated into your net worth. Paying off the credit card would just be a transfer of assets and wouldn't affect your net worth. I generally run between $500-$2,000 on my credit cards through a month and those are all factored into my net worth, this way I'm not robbing Peter to pay Paul.
Is it too late to join in?
It looks like anyone with a mortgage is including the value of their home in the networth calculation? I don't typically do that (because the big negative numbers motivate me more), but for purposes of comparison I'll do that here with my numbers.
Also, it's my numbers joint with my husband because it's just easier to track for us.
Liabilities:
(Mortgage, remaining car loan): $215,289.72
Assets:
(Home value (estimated at about 20k less than what Zillow lists), IRAs, 401Ks, Index Funds, bank accounts): $264,334.2
Net Worth: $49,044.48
This doesn't feel like an accurate number to me, because I owe so much on my house still and I can't use retirement accounts to pay the mortgage payments. Does it throw off your numbers if i use my networth without including my home value? It seems more realistic to me.
(It would also make me last, with -150,000~)
I'm in :O Must kill student loans!!!
NW at beginning of 2014: -8,000
NW end of June: about 3000
NW now: about 5000
I discovered MMM in June and haven't looked back!
Thank you for spearheading this challenge, let's keep it going!!
Is it too late to join in?
It looks like anyone with a mortgage is including the value of their home in the networth calculation? I don't typically do that (because the big negative numbers motivate me more), but for purposes of comparison I'll do that here with my numbers.
Also, it's my numbers joint with my husband because it's just easier to track for us.
Liabilities:
(Mortgage, remaining car loan): $215,289.72
Assets:
(Home value (estimated at about 20k less than what Zillow lists), IRAs, 401Ks, Index Funds, bank accounts): $264,334.2
Net Worth: $49,044.48
This doesn't feel like an accurate number to me, because I owe so much on my house still and I can't use retirement accounts to pay the mortgage payments. Does it throw off your numbers if i use my networth without including my home value? It seems more realistic to me.
(It would also make me last, with -150,000~)
Since the document is tracking net worth, you would add in your home value and be at 49k, not -150k. You owe on your house, but if you had to, you could sell the house and erase the debt.
just added myself to sheet, been going down in NW since mint didn't track my student loan, but those are gone and so should start going up.
Just hit my first 10K this week - SUPER excited! Since I'm 39, it's kind of terrible that this is the highest net worth I've ever had, but at least progress is all going in the right direction now.
Just hit my first 10K this week - SUPER excited! Since I'm 39, it's kind of terrible that this is the highest net worth I've ever had, but at least progress is all going in the right direction now.
Congrats! And don't feel too bad...I'm also 39, and my net worth is also at it's highest (~15k). :)
Just hit my first 10K this week - SUPER excited! Since I'm 39, it's kind of terrible that this is the highest net worth I've ever had, but at least progress is all going in the right direction now.
Congrats! And don't feel too bad...I'm also 39, and my net worth is also at it's highest (~15k). :)
Thanks for the moral support! Now for the next 10K, and a good bit faster this time... :)
What's great about a positive net worth is that your dollars start to work for you and you Snowball. That 10k you have this year might make 700-1200 next year on top of what you put in then. Keep it up!
I'd love to hop in on this. I'm starting above 10k but 100k is a good medium term goal for me.
Snap Shot at end of July:
Debts: $0
Savings: $7,250
Retirement Accts: $29, 876
NW: $37, 126
Now that I'm officially out of the Negatives, I'm excited to join! My networth is paltry, but at least it's going in the right direction! $100,000 is still very far away, so my intermediate goal is the $30,000 we need to buy a house, but it will be fun to be in on a long-term tracking race :)
Liabilities: Zero
Assets: TFSA @ 1.3% $2,111.94
TFSA index funds: $1,293.20
Net Worth: $3,405.14 Whoohoo! Rolling in it, amiright!?
On average, adding about $1,500/mo to this. But trying to get our side gig to be more profitable (running a sign/decal/t-shirt business out of our basement). It's in the black, at least, and hopefully we'll be able to start pulling some actual income from it soon.
We should most definitely be able to reach our house downpayment goal by May 2016. Maybe this competition will help us reach it sooner :)
Should we add age to the spreadsheet? Not that this is a competition between anyone but myself, but I think it would be beneficial for me to see where people are in their lives.
I am interested in trying to lower our cost of living here. We are living pretty well, but the largest expense is still the car. Thinking of switching to something more fuel efficient and cheaper to insure than our BMW (2002, 130k miles bought 2 years ago for $8k, no with 163k miles and worth $4k(not included in NW) and have only added about 2500 miles this year since moving close to work).
I am interested in trying to lower our cost of living here. We are living pretty well, but the largest expense is still the car. Thinking of switching to something more fuel efficient and cheaper to insure than our BMW (2002, 130k miles bought 2 years ago for $8k, no with 163k miles and worth $4k(not included in NW) and have only added about 2500 miles this year since moving close to work).
I may want to help you out with that BMW. What model is it?
Welcome, Apples, and best wishes!
Is it Dec 31for the start y'all? I assumed it was May 30
I'd love to hop in on this. I'm starting above 10k but 100k is a good medium term goal for me.
Snap Shot at end of July:
Debts: $0
Savings: $7,250
Retirement Accts: $29, 876
NW: $37, 126
I'm in for this.
$50,646 as of 8/1/14.
Just found this site recently, and have really enjoyed many of the ideas. Reducing consumption and increasing happiness go hand in hand... who knew?!
Christopher
New here, but interested in playing along. I find tracking helps a lot.
While I have only been reading MMM for a few weeks, I have had Mint for years document all of the mistakes :-)
Since thread start:
June 9th 2014: (-$34,619)
July 1st 2014: (-$35,437)
August 1st 2014: (-$24,516)
Today (August 25th 2014): $7,548
UPDATE! Arbitrary personal financial goal met!
I started reading MMM last spring, and by the end of the year was able to increase my net worth by 30K, from -$97K to -$67K. So, at the beginning of the year I set the goal of increasing my net worth by another 30K (to a net worth of -$37K) in 2014. My stretch goal was to make it to a net worth of -$30K in 2014.
As of August 31 2014, my base goal for 2014 has been met!!!! As you can see on the spreadsheet, I am at -$36,964.00! I know that could change at the whim of the markets, but I am stoked. I have no doubt I will meet my stretch goal, which means a net worth of zero in 2015 is totally possible! That also means that my net worth has increased 60K in the last 18 months thanks to MMM! I should send them some cookies.
My networth went up a bit since I had an extra surprise check this month from overpaying for braces a couple of years back, plus the three paycheck month. However, my net worth will be going down soon because I'm going to pay for the Macbook Air I bought with my Discover card. Hopefully my checks for September will even things out. I have some other expenses coming soon also, but I'll try to keep spending to a minimum. I'm glad we are tracking things here as it gives me something to aim for each month.
My networth went up a bit since I had an extra surprise check this month from overpaying for braces a couple of years back, plus the three paycheck month. However, my net worth will be going down soon because I'm going to pay for the Macbook Air I bought with my Discover card. Hopefully my checks for September will even things out. I have some other expenses coming soon also, but I'll try to keep spending to a minimum. I'm glad we are tracking things here as it gives me something to aim for each month.
You're net worth doesn't change when you pay off a credit card because net worth is asset - liability, and your credit card is a liability. Whenever my friend talks about just putting stuff on the card I want to give him a MMM face punch.
Look forward to reading other people bios :)
OK here's my 6/30 and 7/31 net worth including retirement accounts but excluding the (theoretical) value of my home.
6/30/2014: -$6922
7/31/2014: $2291 (yay positive! - downgraded car, don't expect $9k every month!)
8/31/2014: $5896
Added a line for my entry to the spreadsheet, but not quite sure how you're doing all the determinations of rank, etc so there are a few columns in my row that I did not touch.
Sept 2014Savings $75k
Student loans -$71k
Net worth $4k
Savings $79k
Student loans -$69k
Net worth $10k
Aug
Savings $80,613
Student loans -$67,363
Net worth $13,250
I'd like to join - my total net worth including Superannuation (pension) is already over 100K but as I am unable to access my pension until I am 65 I'd like to focus more on my 'accessible' net worth.
My Super is 12.75% from my employer + 5% from me plus I also contribute a further 2.15% on top (all pre-tax) - I am happy with this current level of contribution and keep a fairly close eye on the investment path. I am just going to leave this as is for a while why I try to save and invest from my take home pay.
So, in June 2013 I had;
Savings: $0.00
Student Loan: -$2100.00
I paid my car off in June 2013 too (and will be keeping said car for the rest of it's life!).
Today;
Savings: $17,390
No liabilities.
NET WORTH: $17,390
I have a surgery in October (about $2750 out of pocket) but every other dollar is being saved. I aim to save at least $1700 per month - my stretch goal is $2000.
Best of luck to all!
NB - I have added myself to the spreadsheet with my NW from 08/31/14 to fit in with the monthly system.
Looks like we have a few engineers! Anybody else work in healthcare?
Looks like we have a few engineers! Anybody else work in healthcare?
Pharmacist here. Currently on a resident salary, but trying to save up ~30k between me and my wife for a down payment after I finish next June. Its tough to calculate my net worth as my wife and I currently have separate finances so I created some rules in how I calculate it.
Will be a lot more clear when I go to full salary, and my wife quits working. I want her to quit now, but she won't do it. Weird huh?
I'll join. 28 years old, make ~$24,000/year after taxes.
Current assets: $43,715
Current liabilities: $20,500 (all student loans)
Current net worth: $23,215
My personal goal is to have the loans paid off before the grace period ends (approx. March 2016).
No more contributions for rest of month so here is my end of August update:
Debts: $0
Savings: $7,250
Retirement Accts: $31, 248
NW: $38, 498 (increase of $1,372).
Since thread start:
June 9th 2014: (-$34,619)
July 1st 2014: (-$35,437)
August 1st 2014: (-$24,516)
Today (August 25th 2014): $7,548
Yikes. Sort of painful month. I was super excited to pass my 2014 NW goal last month, and now I still have a ways to go. This month is all about fluctuation in Zillow estimates for my house. I went from -$37 to -$42 in one month. Thanks Zillow. I know it's all fake anyway, but still.
I even hit a 55% savings rate this month, and if you don't include the house, my networth actually increased. But I started out including the house, so I need to stick with it. Hopefully it will rebound and I will still make my 2014 NW goal (a modest -$37K).
As far as bio: 36, single, attorney, paying off student loans like it's going out of style, while simultaneously trying to save for retirement.
It is really amazing how many people are starting out this journey with a negative net worth. Just want to encourage those people that paying off the debt is the best way to build NW. It frees up cash flows and provides guaranteed returns.
Down a little bit this month, due to animal medical bills (my cat got diagnosed with cancer :(((( )
KatyNZ congrats on paying off your student loan! That's a great accomplishment! I can't wait until we can do that next year :)
KatyNZ congrats on paying off your student loan! That's a great accomplishment! I can't wait until we can do that next year :)
Just added my details to the spreadsheet. I haven't included retirement accounts (untouchable until I'm 65), or house value / mortgage. Just personal bank accounts and credit cards. Unfortunately right now I'm in the red by a considerable amount still, but since my starting amount was considerably worse than today when I first started reading MMM (only 7 months ago? That's gone quick!) I figure it will only take me a little while to at least get back to zero. Then I can start building!
Wow, I just won the lucky lotto for 250k at 7:22 pm on 14-October. I guess I win.
KatyNZ congrats on paying off your student loan! That's a great accomplishment! I can't wait until we can do that next year :)
You and I both! Congrats KatyNZ/RovingKiwi!
Wow, I just won the lucky lotto for 250k at 7:22 pm on 14-October. I guess I win.
KatyNZ congrats on paying off your student loan! That's a great accomplishment! I can't wait until we can do that next year :)
You and I both! Congrats KatyNZ/RovingKiwi!
Thanks, SpareChange - hope your own loan disappears at rapid pace! And good spotting on the name change - just thought I'd move to something slightly more anonymous. NZ is a very small place...
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.
I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.
I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.
I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.
I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.
I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.
I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.
I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.
I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.
I'm starting to wonder if a Roth has any benefit at all over a traditional. As long as your deductions/exemptions equals your withdrawals, your taxes on the traditional will be $0. So enjoy the tax benefits of the traditional now in your high earning years and don't pay any taxes later. Win win.
This assumes that all your income in retirement is under deductions/exemptions. Standard deduction for married plus 2 exemptions is 12,400 + 3,950 + 3,950 = $20,300 for 2014. When you consider regular 401k has minimum withdraw plus maybe some income from hobbies plus maybe some rental income plus SSI it would be easy to be over $20,300 in income in retirement. Also don't forget the taxes on growth! Look at scenario below
Regular 401k: contribute $17,500; taxes -$4,375
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $209,566
Roth 401K: contribute $17,500; taxes $0
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $0
-$13,008. Goddam it, I wish I'd noticed that in time to take my change jar (containing $50+) to the bank today, and push me into the -$12k amount. Oh well, next time. :)
I'm really glad we're tracking. It's good to see it grow! I'm at $11,419 now, up from about $7,267 when we started.
A little about me: I work in admin at a funeral home. I like to write on the side and hope to some day self-publish and increase my income that way too. I work in SF but I'm staying out of the city with my parents for a few months to save up money, and then I'll probably move back to the city. Rent is cheaper out of the city but then I have to factor in commuting cost and time on Bart.
Because of MMM I've gotten myself out of debt and am saving up my emergency fund. My goal for 2015 is to start investing regularly.
Is it too late to join in???? I know i won't "Win" but it will be fun to track?
Is it too late to join in???? I know i won't "Win" but it will be fun to track?
Debts: $0
Savings: $7,750
Retirement Accts: $31, 637
NW: $39, 387 (increase of $889)
Where is this spreadsheet everyone is talking about? I can't find it.
I noticed rank is just "how close we are to 100k" which, I guess, is consistent with the idea! But I thought it'd be interesting to see, instead, improvement in net worth from the beginning, so I created a new sheet called "Growth." It's a rough start, and I suspect one of the worksheet wizards could do a lot to improve it, but if you like the idea, please jump in and make some improvements.
Or if you think this pollutes the whole contest irreparably, delete the sheet! :)
*Some might notice the odd coincidence that the creator of this new sheet is the best ranked. Totally... weird... coincidence ;)
6/30/2014: -$6922
7/31/2014: $2291 (yay positive! - downgraded car, don't expect $9k every month!)
8/31/2014: $5896
9/30/2014: $11,201
Changing jobs, I got a vacation payout, and a shift in when I'm paid. I also logged my quarterly changes in investment returns/dividends. Despite some (paper) losses from a rocky stock market, good dividend returns and gains in some places. If only every month was so positive!
10/31/2014: $14,610
I actually deleted some old "escrow" account information from my tracking software, which decreased my "apparent" net worth several hundred dollars, but the numbers going forward will be correct. Just a minor "apparent" setback. Not a bad month. I moved some money from savings into stocks during the 5% dip, and was pleased to see the values climb from there! Excited for 2015. Next month I can start contributing to my 401k pre-tax, plus get 4% employer match!
Oct 2014
Savings $89,520
SL -$67,477
NW $22,043
Congrats on the baby!! I'm due in 4 weeks, with my third. I'm a sahm, my hubby is an army lawyer (JAG) and we live on Oahu.
Also, could someone please please please update my numbers every month??? Please :-) I have no clue how to update from my ipad. Thanks!!! And thanks to Runge for doing this last time!!!
Sorry, I was trying to add the current NW column and make it self-updating. I got a little carried away and tried to make it too complicated for my skill level. Thanks for making it happen.
Alright. I'll bite. I'm currently at $12k only counting my investment accounts. I was up around 25k, but buying a house will really cut into that. Will we come back and update our original post, or just post a new one when we have an update?
Can someone explain to me how to update the chart from my ipad??? Please...
This is as of the beginning of the month, when i normally calculate it. I'm just now getting around to posting it. I had my baby girl..yay!!!
Can someone explain to me how to update the chart from my ipad??? Please...
Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!
Can someone explain to me how to update the chart from my ipad??? Please...
Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!
Can someone explain to me how to update the chart from my ipad??? Please...
Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!
Hahaha!!!
Jerk ;-)
Can someone explain to me how to update the chart from my ipad??? Please...
Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!
Hahaha!!!
Jerk ;-)
It maaaay have come off a bit more asshole-y than intended, at least it was taken as I meant it :).
I'm going to predict -$1000 around November 2014. And let's go with -$100, $0, and $100 in December, $1000 in February...I almost didn't make it, but a market bump, car value bump, and bonus for opening a Capital One 360 account put me at $150 for the end of the month. I have joined the land of the positive net worth! I could totes use a dancing emoticon right now!
Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.
Anyway, went from a $6100 net worth to about $11,500! Not too shabby!
Hi all,
Down $1050 this month compared to last month but had some expensive medical bills (almost $5K) so not too disheartened. Back to normal savings rate now.
I haven't been including my Super (retirement) savings but they are steadily growing also (up $6K in 2 months)
The spreadsheet seems to be working fine for me. I bought a nice road bike this month, so savings weren't quite what they would have been, but I got a hell of a deal on the bike. Used on Craigslist for $1,000, the MSRP is $4,200, has all the components I would like and came with clipless pedals and a pair of shoes.
Oct: $70,999.50
Nov: $73,869.62
Saved: $2,870.12
Next month our new high deductible health plan starts taking premiums, which will mean a bit of savings for us along with the adjustment done on my W-4, we should see our savings accelerate.
End of October Update:
Cash/Savings: $2,633
Mutual Funds (non-retirement, house savings): $10,139
Work Retirement Accounts: $28,508
NW: $41,280 (increase of $1893)
Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.
Anyway, went from a $6100 net worth to about $11,500! Not too shabby!
Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.
Anyway, went from a $6100 net worth to about $11,500! Not too shabby!
I only monitory the Net Worth tab, so I haven't really looked into the growth tab and related. I did make a few changes last month that utilized Google's ArrayFormula() formula, but it seems like it really bogs down the whole spreadsheet. I've reverted them back to normal formulas, so that should help.
Oct 2014
Savings $89,520
SL -$67,477
NW $22,043
Nov 2014
Debt 67,460
Savings 92,845
NW 25,385
$20k, so next month is going to look awesome.. I'm going to change my race to $120k, because i feel like i'm cheating with a windfall..
Why didn't I find this thread earlier? I just hit $0 net worth back around July, here are my net worth numbers:
July: -2460
Aug: 1780
Sept: 9409
Oct: 10594
Nov: 17052
Dec: 21525
This comes from maxing out a 401k, a really really generous employer contribution, and huge student loan overpayments. I tend to pay my student loans in large chunks every few months.
I am starting a new job in a month, and my 401k contributions will be dialed back to only hit their match (8% to get 4%), while I pay as much as possible to my loans with the goal of getting rid of them by December 2015.
Can anyone fix the spreadsheet? It crashes in Firefox and Safari continually and automatically for me. I want to add in my November net worth ($12,826). And see how far I've come. Thanks.
Still not working on FF or Safari on a Mac. It appears to load but then crashes immediately on loading.
Still not working on FF or Safari on a Mac. It appears to load but then crashes immediately on loading.
It also crashes for me in Safari, but works 100% in Chrome. Don't have FF installed on this box. I'm running MacOS 10.9.5.
Not a huge deal for me since I usually use Chrome, but there seems to be some incompatibility with something in the spreadsheet for Safari/FF. It's not likely a cache issue, since I can't remember the last time I fired up Safari on this machine (probably when it was Snow Leopard ;) )
End of November Update:
Cash/Savings: $3,092
Mutual Funds (non-retirement, house savings): $10,294
Work Retirement Accounts: $28,650
NW: $42,036 (increase of $756)
Not terrible, I saved a bit of cash and added my normal amount to my work RRSPs but didn't really make any gains on those with the fluctuations.
Month| | NV| | Change| | % Change |
May 2014| | 11,192.56| | --| | -- |
June 2014| | 12,600.36| | 1,407.80| | 12.58% |
July 2014| | 12,179.92| | -420.44| | -3.34% |
August 2014| | 14,695.45| | 2,515.53| | 20.65% |
September 2014| | 14,534.07| | -161.38| | -1.10% |
October 2014| | 15,774.94| | 1240.87| | 8.61% |
November 2014| | 16,496.95| | 722.01| | 4.51% |
December 2014| | 16,837.97| | 341.02| | 2.07% |
I did it! I surpassed the $30K line in Networth ($30,781).
With a bit of a downward fluctuation in stocks, I didn't think it was going to surpass, but it did :) I'm so proud of myself. Godspeed to 100K!
Broke the 50K mark!
Great month! Up 6607.29, to just over 40K. Received my 401k match. Worked some OT. Paid off my last student loan. Debt free now :).
Great month! Up 6607.29, to just over 40K. Received my 401k match. Worked some OT. Paid off my last student loan. Debt free now :).
Congratulations! Great being debt free. Now you'll be making the interest rather than paying it.
End of dec
Savings $111k
Student loans -$56k
NW $55k
Got paid early and won't be making anymore big financial moves this year so here is my end of December/end of 2014 update:
Cash/Savings: $3,805
Mutual Funds (non-retirement, house savings): $10,240
Work Retirement Accounts: $29,092
NW: $43,137 (increase of $1,101)
I crossed the 100k mark last month. Woo hoo!Congrats, Guizmo!!
I crossed the 100k mark last month. Woo hoo!Congratulations!!
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.Oh haha I guess I missed that part.
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.
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. ;)
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.
Feb. NW: 5600*raises glass* Here's to next month!
Mar. NW: 9300
Next paycheck I should be able to do the 10K happy dance!
*raises glass* Here's to next month!Oh, yeah, I guess I kind of count forward a bit. Current NW is end of Feb./Mar. 1st number.
EDIT: Wait you mean January and February, not February and March...?
I hit positive net worth this month!
I hit positive net worth this month!
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.
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!
My old home computer crashes each time I try to update the spreadsheet, but here are my numbers for February: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).
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!!
My old home computer crashes each time I try to update the spreadsheet, but here are my numbers for February: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).
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!!
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....
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.My old home computer crashes each time I try to update the spreadsheet, but here are my numbers for February: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).
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!!
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.
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!
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)
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.
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?
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!
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!
I estimate I'll hit $100k net worth in 12/2016, and $100k invested assets in 1/2017.
Payday today. I did it! I did it! 10,000 NW! I can officially start the race now, LOL!Congrats Frogger!
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.
Is it okay if I jump in and I'm over $10k to start?Yes! Welcome :-) Jump in the spreadsheet too!
And I'm a complete moron who didn't notice that there is such a spreadsheet in the OP. /face palmThis. 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.
Is it okay if I jump in and I'm over $10k to start?Yes! Welcome :-) Jump in the spreadsheet too!
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. :)
Net worth 6th of Feb:
53219
up 1750 from Jan.
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
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!
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.
Welcome to the thread! We've experienced a little setback this month too with the stock market fluctuation, abnormally high from last month due to tax refund, and an unexpected dental emergency that is leading to a trip to Taiwan now. But $5200/mo, that's awesome!
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)
I am now over half way to the 100k mark!
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).
Found a new place to live that will cut my housing costs in half. That starts May 1st.
Found a new place to live that will cut my housing costs in half. That starts May 1st.
Badass! That'll speed your way to the finish line
Time to join:
3/9/15 - PC Net Worth $53,877
Do we have any graduates yet? Where's ohyonghao?Just getting in the numbers for March. Due to refinancing and a dental emergency we went down a little bit in net worth. As the refinance settles out with getting the escrow payment back, skipping a month in payments, and having $400 extra going from interest to principal every month we should see our net worth savings accelerate again.
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).
March 2015: 76.6k
Had a good month.
Found a new place to live that will cut my housing costs in half. That starts May 1st.
Aw shucks, my 3/31 401k contribution didn't land until 4/1 - you'll see it in next month's figure ;)
I always count things as they've been paid for. When I got paid on 3/31, the 401k and HSA won't hit until around 4/6, but I count it because the money has been sent that direction as of 3/31.
I've been debating that. I use my own home-brewed software, and I mark transactions as "posted" when they are "finished." So the money I spent on 3/31 at the grocery store on my Amex wasn't counted in my 3/31 net worth figure. It doesn't show up on the special report I have for that, because they weren't yet marked as "posted." Same with the 401k numbers. For consistency, I think I'm stuck waiting until I mark them.
EDIT: Plus point of interest... last quarter, big dividend payout went into Betterment investment/retirement 12/31, but this month it's going in ~today (i.e. late.)
I always count things as they've been paid for. When I got paid on 3/31, the 401k and HSA won't hit until around 4/6, but I count it because the money has been sent that direction as of 3/31.
I've been debating that. I use my own home-brewed software, and I mark transactions as "posted" when they are "finished." So the money I spent on 3/31 at the grocery store on my Amex wasn't counted in my 3/31 net worth figure. It doesn't show up on the special report I have for that, because they weren't yet marked as "posted." Same with the 401k numbers. For consistency, I think I'm stuck waiting until I mark them.
EDIT: Plus point of interest... last quarter, big dividend payout went into Betterment investment/retirement 12/31, but this month it's going in ~today (i.e. late.)
Heh. I use a slightly different approach. My rule is that anything that has tax implications must be tax accurate. Which usually means I need to use the post date.
But for purchases there are no tax implications (at least, not for me - I think this might matter if I owned a business or something). So for purchases I usually go by transaction date, not post date.
It really doesn't matter how you do it so long as you keep it consistent and it is providing you data the way you want to use it.
Just for kicks - for the 25 people on the spreadsheet that have a starting May, 2014 NW and a current March, 2015 NW:
Combined NW increase: $715,151.15
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.
I might be at 50k now! I am waiting to get information on a mutual fund I opened when I was a kid, so I am hoping there's a couple thousand in there. Other investments just crossed 35k and I have about $13k liquid (should drop more into Vanguard, but I may use it to float living expenses so I can max my 401k this year). :)
I just started MMM-ing in January- curious how quickly I'll reach 100k!
Just hit $10K - hoping to be at $40K by end of 2015.Awesome - congratulations!
6/30/2014: -$6922
7/31/2014: $2291
8/31/2014: $5896
9/30/2014: $11,201
10/31/2014: $14,610
11/30/2014: $21,534
12/31/2014: $24,703
1/31/2015: $22,583
2/28/2015: $27,906
Ah yes back in the right direction. Despite a nearly $1400 repair, I'm doing well. Holiday bonus and a separate company wide bonus gave me a little edge. S.O. has paid me back some for our trip plans. New 401k kicked in and I bumped up my HSA contributions. Also got a big credit card bonus. ($200 from Chase.)
Just hit $10K - hoping to be at $40K by end of 2015.
I just hit 40k, which is more money than I've ever made in a year. Every 10k feels great to a lower income earner like me.
It's going to dip for awhile, though, because in May we are paying ~$3k for tuition, and then another ~$6k in the fall, with a continual $1700/month being saved for future tuition (through 2017). $1500-$2000/month or so will be going to investments. We originally wanted to have $50k invested by the end of the year but with school I'm not sure that's feasible unless the stock market does insanely well. :P I think we'll shoot for $40k. I'll be pretty happy if we can pull that off. :)
Hey guys! Up about $4k. I opened an HSA this month and funded it for the year. Nothing else too special about April...just steady as as she goes. OT dried up for this month, unfortunately. Hope everyone did well!
Up about $4k. I opened an HSA this month and funded it for the year.$4k is awesome! NW +7.4% Good stuff!
Wow SpareChange! In the past two months you sped right past me. Keep up the good work.
Hit 70k last month, 14.14% to FI and hoping to hit 100k by EOY :-)
Hoping by July we'll break $100k! (May is a 5th paycheck month, so that should help bolster our reserves :-)).
$4k is awesome! NW +7.4% Good stuff!
Wow SpareChange! In the past two months you sped right past me. Keep up the good work.
3/9/15 - PC Net Worth $53,877
4/1/2015 - $60,080.00
Paid for some car repairs this month and a little bit of indulgence too. Nothing too crazy but going to tighten down a bit this month.
Done moving moving around for this month so time for another snapshot, end of March:
Cash/Savings: $8,271
Mutual Funds (non-retirement, house savings): $10,756
Work Retirement Accounts: $33,506
NW: $52,533 (increase of $4,545):)
Big increase this month thanks to a ridiculous tax return (I will adjust for next year) and some lower expenditures. I am now over half way to the 100k mark!
Slowly making headway - more medical expenses last month ($5K) so happy I could absorb them and still make some savings. Hopefully only $1K more to outlay and then I can save, save, save!
Congratulations on the new job, Pooperman!
Thank you! New commute should be about ththe same, but working hours should be less in addition to the bump in salary. It will also allow me to do consulting on the side where I was forbidden from doing so due to the job I currently hold. I'll be glad when the wedding stuff is over. So much money spent on stuff (invitations, dress, suit, DJ, rings, etc). We're still positive most months (this one may be an exception), but our expenses would be lower if we weren't spending $500 every month on wedding related stuff. :/ hopefully the result of the wedding is a decent addition to our stache and the start of a downpayment fund for a house/rental.
Are you talking about net worth or the specific balance of a savings or investment account?
Does anyone have a goal for when they are trying to reach 100k?
It's been a busy month, but I just crunch my numbers from April: $50,742.21. I passed 50k! Halfway there
Congratulations, FoundPeace! I don't see why buying the home would slow your progress too much though, you'd count home value less loan value in your NW number right?
Looking towards recording end of month NW and it looks like I've gone backwards. I'm pretty bummed, its the first time I've experienced a backward step. The worst part is that it is not any special expenses or changed spending. It's just a spike in my investments at the end of last month and a drop this month combined with the timing of my pay. Hopefully the market stays down a bit and I can get a boost with a 3 pay check month.
This is a cool thread and a good motivator too to reach 100K$ ASAP. Now let's see my numbers. I have written down my networth since January 1st 2012,so I would say I had started really saving in 2011, before that my net worth hovered around 0$, I would never go in debt, but I wouldn't be saving anything really except by putting 25$ per month in my retirement account which is peanuts. Here are some stats:
January 1st 2012 net worth: 14 481.83$
January 1st 2013 net worth: 28 918.47$ Difference from the previous year: +14 436.64$
January 1st 2014 net worth: 45 459.98$ Difference from the previous year: +16 541.51$
January 1st 2015 net worth: 57 617.73$ Difference from the previous year: +12 157.75$
May 29th 2015 net worth: 69 810.94$ Difference between January1st 2015 net worth and May 29th): +12 193.21$
How much I need to reach 100K$: 30 189.06$
I started learning about MMM and saving more aggressively at the end of 2014 and it shows, I already amassed 12K$ in the last 5 months, so I am pretty confident I will save a minimum 7 K$ by the end of the year which would easily break my personal best of saving up 16K$ in one year in 2013. If things go well, I should hit 100K$ by 2017 (Hopefully before, but it all depends on how the stock mrket behaves in the next 2 years and if I don't get hit with high unexpected expenses). I am proud of myself, because I never thought I would ever come close of reaching it, especially with my low salary.
I just can't wait to hit the 100K$, hopefully the following 100K$ won't be as long.
For those who hit 100K$, how did you celebrate that achievement, I am planning to celebrate it by buying myself a treat, 2 lobsters to eat (my favorite dish) :)
For those who hit 100K$, how did you celebrate that achievement, I am planning to celebrate it by buying myself a treat, 2 lobsters to eat (I love eating lobster, but so expensive) :)
This month marks the end of one year of this challenge. How did you all fare?
I'll let you know in a couple days :-D
This month marks the end of one year of this challenge. How did you all fare? For me, I went from ~$8k to ~$36k. At this rate, it would take me 2 more years to hit $100k, but compounding should cut that down to about 1.5 years provided the market doesn't explode (about 50% chance it will). Of the $36k, about $24k is investments, so it won't compound as quickly as others who are taking this challenge with investments only.
Just graduated this Thursday, and ended May with a $16.5K net worth, an increase of roughly 4.1K per month since I started working in February. My salary is 3.5K per month gross... It's been a good first half of the year!!
Just graduated this Thursday, and ended May with a $16.5K net worth, an increase of roughly 4.1K per month since I started working in February. My salary is 3.5K per month gross... It's been a good first half of the year!!
Excellent start. Congrats on graduating!
Beginning of May update:
Cash/Savings: $7,772
Mutual Funds (non-retirement, house savings): $10,686
Work Retirement Accounts: $35,726
NW: $54,184 (increase of $1,651)
3/9/15 - PC Net Worth $53,877
4/1/2015 - $60,080.00
5/1/2015 - $63,589.00
5/31/15: $100,323.89
Congratulations to everyone else who has been building their net worth. It's been an amazing year to watch all these numbers going up, and the encouragement every month seeing people reach for new heights.
This month marks the end of one year of this challenge. How did you all fare?
4/30/15: $94,786.61
5/31/15: $100,323.89
5/31/14: $48,054.09
---
4/30/15: $94,786.61
5/31/15: $100,323.89
Seems to be very consistent wiggle!
Seems to be very consistent wiggle!
Thanks :) My month to month comes in pretty consistent but would still love to improve things especially after seeing the month to month progress some others in this thread are making.
my networth has gone from -$52745 to -$23,782.18 in one year!
Stats time!
In the year ending May 31, 2015 the 30 'stachers with up-to-date NW in the spreadsheet:
Cumulatively stashed $1,089,612.54 !!!
5/31/14: $48,054.09
---
4/30/15: $94,786.61
5/31/15: $100,323.89
Monthly Increase for May: $5,537.28
Yearly Increase since last May: $52,269.80
I more than doubled my net worth in a year. Here's to doing it again this year :-D
It was close this month, we had 2 weeks in Taiwan visiting family. A fifth paycheck last month helped to boost us over the 100k mark while also making an early payment on our mortgage. I could have delayed the payment a couple days and boosted our numbers more, but I did enjoy the drive to reduce spending more knowing that I had only $x before dipping below $100k.
For celebration, well, we didn't really plan anything ahead of time, but I did have a beer at a restaurant while singing to myself:
"I'm mister fancy pants with a networth of $100k,
I'm mister fancy pants, sipping a $6 beer
which I could have bought at the store for $1.50
ohhhhhh, yeahhhh
I'm mister fancy pants."
But really, how do people justify getting not just one beer, but multiple beers at a restaurant, which I did witness there? And not just on a special occasion, like hitting a new high on net worth, but at nearly every dinner out? I couldn't stop thinking of the fact that I could nearly have bought a 6 pack for the price of a single beer, and at one table the cost of their drinks was more than our meal, which we also took home and had for dinner with some rice and veggies that night.
Congratulations to everyone else who has been building their net worth. It's been an amazing year to watch all these numbers going up, and the encouragement every month seeing people reach for new heights.
I've been on a LONG Hiatus from MMM.... Can I join even at negative NW?
End of May: -$59,533.84
5/31/14: $48,054.09
---
4/30/15: $94,786.61
5/31/15: $100,323.89
Congrats ohyonghao! Now you can graduate to the: http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/ (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/) race!
5/31/14: $48,054.09
---
4/30/15: $94,786.61
5/31/15: $100,323.89
Monthly Increase for May: $5,537.28
Yearly Increase since last May: $52,269.80
I more than doubled my net worth in a year. Here's to doing it again this year :-D
I'm proud to be part of such an awesome group, keep up the good work everyone!
I'm in!! End of may was around $4k net worth. Hoping for $100k in 18-24 months.
Savings $75k
Student loans -$71k
Net worth $4k
I already have a journal, if you really want to see just how crazy i am ;) otherwise...good luck!!!
Beginning of June update:
Cash/Savings: $7,698
Mutual Funds (non-retirement, house savings): $10,651
Work Retirement Accounts: $37,383
NW: $55,732 (increase of $1,548)
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
Good for me, bad for my portfolio's self esteem.
Ah Greece.My net worth will get a huge hit when I compile all my investments thanks to Greece, I am not sure yet (I will find out about it tomorrow), but I have a feeling it will be the first month this year where my net worth will be lower than the previous month simply because of what's going on in Greece *sigh*...the only positive spin in all of this is that I will be buying stocks next week at major rebate.
By looking at the ETF versions of the mutual funds I hold, it looks like my portfolio will drop today by about 60% of my take home pay for the month.
This is why I like to focus more on savings rate as opposed to net worth - at least while I'm quite a ways away from my FIRE number.
June 2015: $85.9k
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!
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.
Paid off my student loan this month
I'm getting there!
I should clear 100k in November-ish!
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.
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.
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
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!
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!
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!
Well, we did it :)! My wife and I have settled in above the $100k mark!!!
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
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!
...
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
...
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.
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!
I was really excited to get in on the race. But then I started adding things up.You're over halfway there already!
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.
I was really excited to get in on the race. But then I started adding things up.You're over halfway there already!
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.
5/31/2015: -$59,533
6/30/2015: -$55,028
7/31/2015: -40,621
Huge jump this month! Had some interest from a large loan forgiven. We certainly don't expect 5 figure changes every month :)
29M in Canada, 82k salary. Newbie to the forum, and started my Journey with MMM just a couple months ago. I certainly was living a similiar path trying to get out of student loan and clown-car debt, but MMM definitely helped me realize the possibilities and how to get there! NW was negative for many years before this start date. I've done what feels like tremendous work and halfway to the 100k networth now IF I include my Defined benefits pension (what are peoples thoughts on including this? i've read conflicting theories).I include all my pre tax investments, for example, at work, 45$ 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.
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 $52,700.00
29M in Canada, 82k salary. Newbie to the forum, and started my Journey with MMM just a couple months ago. I certainly was living a similiar path trying to get out of student loan and clown-car debt, but MMM definitely helped me realize the possibilities and how to get there! NW was negative for many years before this start date. I've done what feels like tremendous work and halfway to the 100k networth now IF I include my Defined benefits pension (what are peoples thoughts on including this? i've read conflicting theories).I include all my pre tax investments, for example, at work, I pay 45$ 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.
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 calculated my net worth for the first time in months today: $98,060.Calculated it today: $104K!!!
So close...
Congrats :) Now you can join the 100-250K club.I calculated my net worth for the first time in months today: $98,060.Calculated it today: $104K!!!
So close...
Feels pretty damn good.
I calculated my net worth for the first time in months today: $98,060.Calculated it today: $104K!!!
So close...
Feels pretty damn good.
May 2015: $63,000Not a great month, August. The markets, the exchange rate and some unplanned home expenses cropping up leading to the first negative month in 2015. Sept might be worth looking forward to, with a small hike and the expenses at the home stabilizing.
June 2015: $65,550
July 2015: $74,250
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 - $72,988.00
2015 Net worth:August: 71 906,04$
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$
8/1/2015 $52,700.00
Forgot to do last month, as I was on vacation, so this reflects two of months.How do you forgot something important like an RRSP lol...I am sure your newly found RRSP has gone through the roof since it hasn't been touched. Plus, usually you have to send your RRSP slips when doing your tax returns, I am surprised that no one mentionned it.
The big news is I found an RRSP account I had at a job I had 10 years ago that I'd forgotten about, which has just under 16k in it! The other investments are down due to the market, and I've been paying off the concrete we had to replace in July so not as much money going into the FI fund.
The good news is we managed the concrete without debt by saving up for it, which is a nice change from old spendy me. I do need to put some money back in a few budget categories we pillaged to avoid debt, though, so it'll slow down capital deployment for a few more months.
Since June, we've gone from $17,736.00 to $33,380, a jump of 88%! (Just wish I could keep that up!)
Forgot to do last month, as I was on vacation, so this reflects two of months.How do you forgot something important like an RRSP lol...I am sure your newly found RRSP has gone through the roof since it hasn't been touched. Plus, usually you have to send your RRSP slips when doing your tax returns, I am surprised that no one mentionned it.
The big news is I found an RRSP account I had at a job I had 10 years ago that I'd forgotten about, which has just under 16k in it! The other investments are down due to the market, and I've been paying off the concrete we had to replace in July so not as much money going into the FI fund.
The good news is we managed the concrete without debt by saving up for it, which is a nice change from old spendy me. I do need to put some money back in a few budget categories we pillaged to avoid debt, though, so it'll slow down capital deployment for a few more months.
Since June, we've gone from $17,736.00 to $33,380, a jump of 88%! (Just wish I could keep that up!)
Good luck on the raise!
8/1/2015$52,700.00
Was able to do pretty well last month all things considered! Actually hoping for a decent, much better than inflation raise this month too. But that's still hoping and unconfirmed. If it happens, I will split 50/50 of the raised amount to a debt and into increasing my TFSA contributions.
Up to
9/1/2015 - $57,358.64
Jumping in!Welcome!
My financial year goes from 9/1 to 8/31, as I am a teacher and my salary change kicks in during September. It makes more sense for me that way. So, here we go:
Roth IRA: $33,598.33
VTSAX: $12,199.90
Savings/Checking: $20,408.84
Pension: $5,280
Car: ~$7,000
9/1/2015: $78,482.07
I'd like to hit $100,000 by next summer, given that I am saving/investing roughly $1400-$1800/month.
I went from $64,710.93 at the 1st to $64,194.10. Ouch. As my net worth grows I have to get used to the fact that the market will have a bigger and bigger impact.
Thanks to cash birthday gifts (and continued stashing), net worth went up despite the market:
+2.55% to 82,002.95.
Minimum target for EOY is 90,500, but hoping to get as close to the finish line as possible :-)
Looks like spreadsheet is still wacked out :/
Welcome back, carozy!! And welcome to all the other new posters!
Can I join in, but make this just for my TSP?
I think I got the spreadsheet back to normal-ish? Added columns through the end of the year too.
I would like to join this challenge. According to YNAB, our current net worth is:Welcome!
5 Sep 2015 - $13,058
Just got around to doing the calculations. Up another $1600.
So far for the year I'm at a 52% post tax and a 61% pre-tax savings rate. My effective tax rate so far this year is 15% (and that includes my ridiculous OR income taxes @ 7%)! This is the real win for me.
I've read MMM for about a year now, but I'm new to the forums. I was recently promoted at work and my family and I are making a cross-country move as part of the transfer. My wife and I are 27, with no children and no student loan debt. We do carry a significant amount of CC debt (all at 0% with the use of balance transfer checks (2-3% per transaction)). We are currently trying to max out all tax-advantaged accounts (~50k/year, primary) while also paying down the CC debt (secondary). Our current goal is to reach $100k in net worth by June 2016 and $250k by her 30th birthday, with an eye towards FIRE sometime in our late 30s. We are also wanting to raise a family, but aren't planning on having children anytime in the next few years. Below is our net worth trajectory over the past 6 months:
March 2015: $36,337
April 2015: $38,120
May 2015: $42,347
June 2015: $47,346
July 2015: $56,109
August 2015: $59,985
Looking forward to hearing other stories as we all reach towards $100k!
Joining as well. I was waiting for the new month only to almost miss it.
2015-08-31 9,999
2015-09-30 9,986
1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
Not a great month, August. The markets, the exchange rate and some unplanned home expenses cropping up leading to the first negative month in 2015. Sept might be worth looking forward to, with a small hike and the expenses at the home stabilizing.Market headwinds continue, but some additional income (hike, arrears and canada tax benefits arrears) has kicked in to push the savings higher and buy more into the uncertain market.
May 2015: $63,000
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
I'm in!! End of may was around $4k net worth. Hoping for $100k in 18-24 months.
Savings $75k
Student loans -$71k
Net worth $4k
I already have a journal, if you really want to see just how crazy i am ;) otherwise...good luck!!!
1 year update... (I "quit" tracking because i can't update the google doc)
Savings $135k
Student loans -$54k
NW $81k
Great job everybody!!! And congrats to those who already made it!!
I've read MMM for about a year now, but I'm new to the forums. I was recently promoted at work and my family and I are making a cross-country move as part of the transfer. My wife and I are 27, with no children and no student loan debt. We do carry a significant amount of CC debt (all at 0% with the use of balance transfer checks (2-3% per transaction)). We are currently trying to max out all tax-advantaged accounts (~50k/year, primary) while also paying down the CC debt (secondary). Our current goal is to reach $100k in net worth by June 2016 and $250k by her 30th birthday, with an eye towards FIRE sometime in our late 30s. We are also wanting to raise a family, but aren't planning on having children anytime in the next few years. Below is our net worth trajectory over the past 6 months:
March 2015: $36,337
April 2015: $38,120
May 2015: $42,347
June 2015: $47,346
July 2015: $56,109
August 2015: $59,985
Looking forward to hearing other stories as we all reach towards $100k!
September 2015: $59,189
Tough month in the stock market, and my wife is looking for work following our move. The march towards $100k may be stuck in the $60's for the next few months, but the goal is still June 2016.
1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00
2015-08-31 9,999
2015-09-30 9,986
2015-10-30 14,504
How did you manage to avoid a dip in July-September? Unlike everybody else, yours just goes up and up and up like the Energizer Bunny.
1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00
10/30/2015 - $80,747.00
We did it! Our net worth (including everything) is $101,521.89. Woohoo six figures!
Well, I decided to stop counting the value of my car in my NW and went back and recalculated and edited my figures since the start of the race. The bad news is I had to reset well below 10K again. The good news is that I get to do the 10K dance over again in probably five-ish months, now with less depreciation.
So, with the modified numbers:
September 30: 1,100
October 31: 4,100
Positive movement, at least.
Market headwinds continue, but some additional income (hike, arrears and canada tax benefits arrears) has kicked in to push the savings higher and buy more into the uncertain market.Made a minor accounting adjustment. Used to consider the 2nd paycheck of the month for the following month's budgeting. But that used to cause a bit of confusion in calculations. I had to make that adjustment eventually and I bit the bullet this month. That reflects in the sudden jump of close to 7700 this month.
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
90K looks difficult by Dec 2015. But still on target for 100k by Mar / Apr 2016.
We did it! Our net worth (including everything) is $101,521.89. Woohoo six figures! The market going back up was a big help this month. As were some decreased expenses that gave us a couple hundred extra bucks. $71,510 is in investments, and the rest is in various savings and checking accounts. Moving on up to the next thread-though I think we'll be a bit slower than some other people on that climb. We were hoping to hit $100,000 by the end of the year, and we made it with two months to go! Woohoo!
Good luck to everyone else, keep it going :)
How did you manage to avoid a dip in July-September? Unlike everybody else, yours just goes up and up and up like the Energizer Bunny.
1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00
10/30/2015 - $80,747.00
Officially over halfway there!!Your post stood out to me because of the time period and somewhat similar numbers. You started tracking around the same time I did. You kicked my butt, however. See post #680, a few above. You started with less than me and ended up with more than me in October.
EOY 2014: 20,639.31
Jan 2015: 22,508.74
Feb 2015: 30,778.55
Mar 2015: 34,001.91
Apr 2015: 36,607.49
May 2015: 38,382.26
Jun 2015: 42,838.00
Jul 2015: 48,495.61
Aug 2015: 46,205.22
Sep 2015: 49,753.59
Oct 2015: 53,968.55
I'd like to join in, although I'm starting above $10,000. It seems like others have as well so hope it's ok.
Just started a journal on here with a plan of having $80K net worth (40K for me and 40K for my husband)by the end of 2017. Maybe this will motivate/help me to get to the $100K mark instead by that time.
As of 30 Oct - $30,648
Officially over halfway there!!Your post stood out to me because of the time period and somewhat similar numbers. You started tracking around the same time I did. You kicked my butt, however. See post #680, a few above. You started with less than me and ended up with more than me in October.
EOY 2014: 20,639.31
Jan 2015: 22,508.74
Feb 2015: 30,778.55
Mar 2015: 34,001.91
Apr 2015: 36,607.49
May 2015: 38,382.26
Jun 2015: 42,838.00
Jul 2015: 48,495.61
Aug 2015: 46,205.22
Sep 2015: 49,753.59
Oct 2015: 53,968.55
I need to kick my rear end into gear and get this net worth thing moving . . .
I am here to make you all feel better about yourselves. :)
I have gone from -$52,745.00 in May 2014 to -$10,177.00 in October 2015. My stretch goal was a big fat $0 net worth by the end of 2015. I know it's still possible, but it will definitely be a stretch! Fingers crossed!!!
Curse you, student loans!!!
I'm in!! End of may was around $4k net worth. Hoping for $100k in 18-24 months.
Savings $75k
Student loans -$71k
Net worth $4k
I already have a journal, if you really want to see just how crazy i am ;) otherwise...good luck!!!
1 year update... (I "quit" tracking because i can't update the google doc)
Savings $135k
Student loans -$54k
NW $81k
Great job everybody!!! And congrats to those who already made it!!
I'm still hanging in there!!
Savings $135k
Student loans $46k
NW = $88k
Congrats to all on their progress!
It was weird going down in September!
July: 79,961.10
Aug: 81,646.21
Sep: 79,574.76 - ouch
Oct: 87,961.41 - woohoo!
Looking good to hit my baseline target of $90,500 for the year - hoping to get closer to the finish line though!
I've read MMM for about a year now, but I'm new to the forums. I was recently promoted at work and my family and I are making a cross-country move as part of the transfer. My wife and I are 27, with no children and no student loan debt. We do carry a significant amount of CC debt (all at 0% with the use of balance transfer checks (2-3% per transaction)). We are currently trying to max out all tax-advantaged accounts (~50k/year, primary) while also paying down the CC debt (secondary). Our current goal is to reach $100k in net worth by June 2016 and $250k by her 30th birthday, with an eye towards FIRE sometime in our late 30s. We are also wanting to raise a family, but aren't planning on having children anytime in the next few years. Below is our net worth trajectory over the past 6 months:
March 2015: $36,337
April 2015: $38,120
May 2015: $42,347
June 2015: $47,346
July 2015: $56,109
August 2015: $59,985
September 2015: $59,189
October 2015: $65,204
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...
$105,781! :)
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...
Just in investments/housing - I'm there!
$57526 401k/IRA/taxable
$48255 home equity if Zillow is to be believed (a proper appraisal is on my list of things to do so I can drop PMI)
$105,781! :)
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...
Just in investments/housing - I'm there!
$57526 401k/IRA/taxable
$48255 home equity if Zillow is to be believed (a proper appraisal is on my list of things to do so I can drop PMI)
$105,781! :)
Steady progress and ~2,600 growth this month despite a lot of un-planned expenses this month. A bit of tightening up to do in the holiday season to end the year on a high.Market headwinds continue, but some additional income (hike, arrears and canada tax benefits arrears) has kicked in to push the savings higher and buy more into the uncertain market.Made a minor accounting adjustment. Used to consider the 2nd paycheck of the month for the following month's budgeting. But that used to cause a bit of confusion in calculations. I had to make that adjustment eventually and I bit the bullet this month. That reflects in the sudden jump of close to 7700 this month.
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
90K looks difficult by Dec 2015. But still on target for 100k by Mar / Apr 2016.
But this number is a correct reflection of NetWorth (all the accounts put together) as they stand on 31st Oct 2015 .
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00
10/30/2015 - $80,747.00
I am in negative 4 digits!!! -$8467.04
Is it too late to join this?Welcome!
Just hit $40,061 as of 1 December.
Thanks! I've been lurking on here since October, and finally decided to join up today. It's been inspiring to read about so many successes, and a great motivator for me. Aiming to learn as much as I can from you all.
2015-08-31 9,999
2015-09-30 9,986
2015-10-30 14,504
2015-11-30 16,724
Savings $138,560I'm in!! End of may was around $4k net worth. Hoping for $100k in 18-24 months.
Savings $75k
Student loans -$71k
Net worth $4k
I already have a journal, if you really want to see just how crazy i am ;) otherwise...good luck!!!
1 year update... (I "quit" tracking because i can't update the google doc)
Savings $135k
Student loans -$54k
NW $81k
Great job everybody!!! And congrats to those who already made it!!
I'm still hanging in there!!
Savings $135k
Student loans $46k
NW = $88k
Oct 2015
Save $140,158
Debt $46,734
NW = $93,424
Sooooo close!!!
It was negative all of my life until two or three years ago (at one point negative $200k or so). I never tracked it because it was too depressing.
$27,512.11 November 2014
$32,550.93 January 2015
$37,692.25 April 2015
$41,623.39 June 2015
$35,929.89 July 2015 (Ouch!!!)
$45,275.83 October 2015
EOY 2014: 20,639.31And you're still ahead in November! I can see your tail lights and am choking on your dust!
Jan 2015: 22,508.74
Feb 2015: 30,778.55
Mar 2015: 34,001.91
Apr 2015: 36,607.49
May 2015: 38,382.26
Jun 2015: 42,838.00
Jul 2015: 48,495.61
Aug 2015: 46,205.22
Sep 2015: 49,753.59
Oct 2015: 54,243.55
Nov 2015: 59,392.35
Up 9.49%! Sooo close to $60k, which is our end of 2015 goal.
EOY 2014: 20,639.31And you're still ahead in November! I can see your tail lights and am choking on your dust!
Jan 2015: 22,508.74
Feb 2015: 30,778.55
Mar 2015: 34,001.91
Apr 2015: 36,607.49
May 2015: 38,382.26
Jun 2015: 42,838.00
Jul 2015: 48,495.61
Aug 2015: 46,205.22
Sep 2015: 49,753.59
Oct 2015: 54,243.55
Nov 2015: 59,392.35
Up 9.49%! Sooo close to $60k, which is our end of 2015 goal.
I've read MMM for about a year now, but I'm new to the forums. I was recently promoted at work and my family and I are making a cross-country move as part of the transfer. My wife and I are 27, with no children and no student loan debt. We do carry a significant amount of CC debt (all at 0% with the use of balance transfer checks (2-3% per transaction)). We are currently trying to max out all tax-advantaged accounts (~50k/year, primary) while also paying down the CC debt (secondary). Our current goal is to reach $100k in net worth by June 2016 and $250k by her 30th birthday, with an eye towards FIRE sometime in our late 30s. We are also wanting to raise a family, but aren't planning on having children anytime in the next few years. Below is our net worth trajectory over the past 9 months:
March 2015: $36,337
April 2015: $38,120
May 2015: $42,347
June 2015: $47,346
July 2015: $56,109
August 2015: $59,985
September 2015: $59,189
October 2015: $65,204
November 2015: $67,240
I've read MMM for about a year now, but I'm new to the forums. I was recently promoted at work and my family and I are making a cross-country move as part of the transfer. My wife and I are 27, with no children and no student loan debt. We do carry a significant amount of CC debt (all at 0% with the use of balance transfer checks (2-3% per transaction)). We are currently trying to max out all tax-advantaged accounts (~50k/year, primary) while also paying down the CC debt (secondary). Our current goal is to reach $100k in net worth by June 2016 and $250k by her 30th birthday, with an eye towards FIRE sometime in our late 30s. We are also wanting to raise a family, but aren't planning on having children anytime in the next few years. Below is our net worth trajectory over the past 9 months:
March 2015: $36,337
April 2015: $38,120
May 2015: $42,347
June 2015: $47,346
July 2015: $56,109
August 2015: $59,985
September 2015: $59,189
October 2015: $65,204
November 2015: $67,240
December 2015: $66,735
I am based in Switzerland, thus calculating in Swiss Francs (CHF almost same as USD):
January 2015: CHF 49,805
...
November 2015: CHF 66,524
1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00
10/30/2015 - $80,747.00
11/30/2015 - $95,741.00
Nice pooplips!
We hit $57,650 at the end of the year. January is not going to be good for the NW, I suspect. Something like $9k in unusual expenses on top of the usual $3k spending with only about $6k of net income (+ about $850 in deductions/savings so about $7k). -$5k here we come! If I can break it out over a couple of months or reduce it via credit card rewards, I will. It's still going to hurt though.
30 Oct - $30,648
30 Nov - $32,564
2015-08-31 9,999A very small increase from last month due to less savings, but 2015 ends with an overall increase of 67%.
2015-09-30 9,986
2015-10-30 14,504
2015-11-30 16,724
2015-12-31 16,743
Lower than avg expenses + holiday OT = good month. Up over 5k (6.02%) to just over 90K. Home stretch! ;).Nice jump! We're almost there
Up 56,770.74 for the year.
Soooo close!1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00
10/30/2015 - $80,747.00
11/30/2015 - $95,741.00
12/31/2015 - 99,740.00
Big increase this month with the generous christmas gifts from our parents. So close I can taste it.
I broke my Goal of 70k networth to start 2016.Happy New Year! Congrats on reaching your goal!
$70,395.59 to be exact, an increase of 6.5%.
I think I'll slow down on growth a little over the next few months with things like ei and cpp (canada) payments coming off the paycheques again, as well as property taxes, insurance, etc. Hoping to graduate from this group in 2016. Conservative target is by end of December but if things go alright I might be able to get it done by the end of Summer.
Happy new year to all, may your stache start to curl in 2016!
9/1: $78,487.07
10/1: $81,428.69
11/1: $87,887.66
12/1: $90,220.55
Smaller increase than last month (no huge market gains), but ever upward!! With three paychecks this month and a stipend for my winter coaching position, December should be a great month for the NW.
Still aiming to hit $100,000 sometime in the March-May time frame - hoping for March.
Lower than avg expenses + holiday OT = good month. Up over 5k (6.02%) to just over 90K. Home stretch! ;).Nice jump! We're almost there
Up 56,770.74 for the year.
I made it! I crossed $100,000 shortly before Christmas, then held my breath while the markets zig zagged this past week. But I just checked and I'm still north of $100k, therefore making it officially official.
I made it! I crossed $100,000 shortly before Christmas, then held my breath while the markets zig zagged this past week. But I just checked and I'm still north of $100k, therefore making it officially official.
Excellent! Congratulations!!! :)
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D
I made it! I crossed $100,000 shortly before Christmas, then held my breath while the markets zig zagged this past week. But I just checked and I'm still north of $100k, therefore making it officially official.
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D
Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!
I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice. I want to keep at least 1-yr of living expenses on hand for bugging out.
$91,055.26 - beat my target of $90,500 for the year but was hoping to be a bit closer to the finish line.
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D
Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!
I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice. I want to keep at least 1-yr of living expenses on hand for bugging out.
Good luck! Sometimes a leap like that turns out even better than you expected. I quit a secure government job just over four years ago to move to the other side of the country (I quit with no job lined up)..fast forward to now - I'm in a new field entirely, my salary has doubled since then and I'm really quite happy. :)
$90k is more likely for me this year, but a stretch goal of $100k sounds good. :D
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D
Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!
I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice. I want to keep at least 1-yr of living expenses on hand for bugging out.
I think you have the right idea. I just resigned from my current job and am starting a new job this month that pays better but the new company is much smaller and not as risk free as my old job. However, with a decent size emergency fund and investments I don't feel worried at all about the transition.
Steady progress and ~2,600 growth this month despite a lot of un-planned expenses this month. A bit of tightening up to do in the holiday season to end the year on a high.December turned out another negative month.
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Oct 2015: $88,620
In on this thread
Started 2016 at around 55k NW (though, like everyone else, have been getting facepunched by the market this week).
I've read MMM for about a year now, but I'm new to the forums. I was recently promoted at work and my family and I are making a cross-country move as part of the transfer. My wife and I are 27, with no children and no student loan debt. We do carry a significant amount of CC debt (all at 0% with the use of balance transfer checks (2-3% per transaction)). We are currently trying to max out all tax-advantaged accounts (~50k/year, primary) while also paying down the CC debt (secondary). Our current goal is to reach $100k in net worth by June 2016 and $250k by her 30th birthday, with an eye towards FIRE sometime in our late 30s. We are also wanting to raise a family, but aren't planning on having children anytime in the next few years. Below is our net worth trajectory over the past 9 months:
March 2015: $36,337
April 2015: $38,120
May 2015: $42,347
June 2015: $47,346
July 2015: $56,109
August 2015: $59,985
September 2015: $59,189
October 2015: $65,204
November 2015: $67,240
December 2015: $66,735
January 2015: CHF 49,805
...
November 2015: CHF 66,524
December 2015: CHF 67'473
1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00
10/30/2015 - $80,747.00
11/30/2015 - $95,741.00
12/31/2015 - $99,740.00
December turned out another negative month.
A lot of planned expenses during the holiday season went way over budget, with multiple visits across the border to the US.
As I am consolidating only this week the head winds in the market right into 2016 did not help either.
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Nov 2015: $88,620
Dec 2015: $88,329
Missed the target of reaching 90K by end of 2015, but still on target to reach 100K by Mar / Apr 2016.
The overall gain of 39,829 in 2015 is not much of a jump from 38,300 in 2014.
While the 2nd one born in Dec 2014 and a bunch of related activities, like hosting the parents and in-laws for additional support added to the overall expenses, there were still a lot of unplanned expenses.
I better work further on the frugality muscles in 2016.
$40,061 - 1 Dec 2015
$43,153 - 1 Jan 2016
I broke my Goal of 70k networth to start 2016.
$70,395.59 to be exact, an increase of 6.5%.
Congratulations!1/1/2015 - $46,207.00
2/1/2015 - $47,296.00
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
9/1/2015 - $73,706.00
10/2/2015 - $76,853.00
10/30/2015 - $80,747.00
11/30/2015 - $95,741.00
12/31/2015 - $99,740.00
1/31/2016 - $101,376.00
And boom! Despite the down turn I was able to save quite a bit over the month officially getting me over the $100k hump! On to 250k.
12/31/2015: 99489.28 (oh so close)Congrats! See you in the other thread :-)
1/31/2016: 100310.75
Yay! Despite the large losses in my portfolio this month I made enough money to still come out slightly ahead in net worth.
On to 250k.
Congratulations you two. Extra props for doing it in a tough month! See you in the next thread soon enough.
12/31/2015: 99489.28 (oh so close)
1/31/2016: 100310.75
Yay! Despite the large losses in my portfolio this month I made enough money to still come out slightly ahead in net worth.
On to 250k.
Savings $138,560I'm in!! End of may was around $4k net worth. Hoping for $100k in 18-24 months.
Savings $75k
Student loans -$71k
Net worth $4k
I already have a journal, if you really want to see just how crazy i am ;) otherwise...good luck!!!
1 year update... (I "quit" tracking because i can't update the google doc)
Savings $135k
Student loans -$54k
NW $81k
Great job everybody!!! And congrats to those who already made it!!
I'm still hanging in there!!
Savings $135k
Student loans $46k
NW = $88k
Oct 2015
Save $140,158
Debt $46,734
NW = $93,424
Sooooo close!!!
Debt $46,822
NW = $91,738 grrrr it went down...
7/31/2015: $36,978
8/31/2015: $34,949
9/30/2015: $35,722
10/31/2015: $37,797
11/30/2015: $39,424
12/31/2015: $42,763
01/31/2016: $44,656
02/29/2016: $47,521
February was a really good month for me! Getting so close to that 50k mark and almost half way there to the 100k finish line! Haven't felt this excited to hit a milestone like that since I made my last student loan payment a while back. Judging by my back of the napkin calculations I should be able to surpass 50k net worth by the end of March as long as I keep my spending in check and of course the market is kind to me.
June 2015: $65,550
July 2015: $74,250
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Nov 2015: $88,620
Dec 2015: $88,329
Jan 2016: $90,032
Just broke into the 90Ks zone with Jan, a month late due to market headwinds and all the additional spending during the holiday season. This market turmoil may be long drawn out. Here's hoping that the push comes from savings in 2016 letting us buy more into the markets on sale.
Dec 2015 - $35,251
Jan 2016 - $34,524
Looks like the spreadsheet keeps getting messed up. Anyone know how to fix it? It's not pulling in the current month's net worth. Also, I input my current months net worth yesterday and it looks like someone sorted and it changed the values that were entered for each person.
I just hit $10K and would love to join this gauntlet. Is there a way to do that at this point? Could we start a new gauntlet since so many people in the original thread seem "done"?
$40,061 - 1 Dec 2015
$43,153 - 1 Jan 2016
$47,634 - 1 Feb 2016
Looks like the spreadsheet keeps getting messed up. Anyone know how to fix it? It's not pulling in the current month's net worth. Also, I input my current months net worth yesterday and it looks like someone sorted and it changed the values that were entered for each person.
I have updated the current month (cell A1) and fixed the formulas in column A and B. The problem with the sorting most likely happens because the columns after January 2016 are outside the sorting range (marked by the green line/letters/numbers). I have not figured out how to extend the range, but that would not fix the misplaced values only prevent it from happen again.
Can you redo this? I restored to the previous revision to fix the misplaced values, but the formulas were not correct in that version.
dachs Super sorry about that. On March 1st, someone scrambled a bunch of the data, so we had to reset to the previous version. It's been pretty rare *knock on wood* but we can use Revision History to fix such issues.. but it does remove data added after the jumble. If you add it now, it'll stick!
Up about 7,767 tooooo..... 100,095.24. Hell yeah!
Drum roll please?1/31/2016: $93,706
2/29/2016: $105,360
Congratulations!! Hoping to see you in the other thread next month :-)
hit 25k USD this week, although I should probably stick to my own currency, 17.8k GBP. My road to 100k will be in bursts rather than a steady increase, though, as I'm a college student just trying to find little moneymaking schemes here and there rather than having an actual income.
Early update this months as the year-end bonus and a hefty tax refund gave a definitive push over the line, with a paycheck still remaining in the month. Took me 27 months to go from 10-100.
Not much progress in Feb too. While the Canadian holdings increased by ~2500, due to forex fluctuations the oversees numbers are trending lower in CAD. But we are back to the 35-40% savings levels and are plugging away at the investments.
Aug 2015: $73,900
Sep 2015: $78,300
Oct 2015: $86,014
Nov 2015: $88,620
Dec 2015: $88,329
Jan 2016: $90,032
Feb 2016: $90,600
Joining! My NW won't grow as fast as everyone else here and I don't expect to hit 100k very soon... but that won't discourage me! Numbers are in euro btw (which is 1.09 dollar atm).
Aug 15: 5327 (found MMM)
Sep 15: 5775
Oct 15: 6964
Nov 15: 8551
Dec 15: 12085
Jan 16: 12700
Feb 16: 13691
Mar 16: 14818
Hope to see you at the 100k mark before I'm old and grey!
Joining! My NW won't grow as fast as everyone else here and I don't expect to hit 100k very soon... but that won't discourage me! Numbers are in euro btw (which is 1.09 dollar atm).
Aug 15: 5327 (found MMM)
Sep 15: 5775
Oct 15: 6964
Nov 15: 8551
Dec 15: 12085
Jan 16: 12700
Feb 16: 13691
Mar 16: 14818
Hope to see you at the 100k mark before I'm old and grey!
Just did some conservative calculations and I should hit 100k at the end of 2020. Mind you, this includes zero interest or dividends, so it will hopefully be sooner. I've set myself a goal. I want to be at 100k at the end of 2018. I will need to get serious about side hustles though! What's life without a little challenge!
Okay - time to join this one. I want to make this past 100k this year and we (wife and myself) should be able to do that easily mainly because the mortgage is about to be paid off. I'm not including home equity or super (Australian retirement account that you can't access until 60).
4th January 2016 : 55k.
As of 3/8: $20,818.37
I made it! Closed in March comfortably over $100,000!
9/1: $78,487.07
10/1: $81,428.69
11/1: $87,887.66
12/1: $90,220.55
1/1: $93,782.59
2/1: $91,959.06
3/1: $93,145.64
4/1: $100,869.59
On to $250k!
Keep on keeping on, everyone!
Mar 20th 2016: $107,112
Steaming along to the next goalpost.
Good luck everyone on your journeys and see you soon on the other thread.
1st post! My stretch goal is 125K by the end of the year if I get lucky with the market. I will be about 23.5 years old (sidenote: I can't believe I'm turning 23). More realistically I will probably hit 105k-110k barring any illnesses/family issues/injuries etc.
02/29/16 46,830.84
03/31/16 58,923.60
I made it! Closed in March comfortably over $100,000!
4/1: $100,869.59
On to $250k!
Keep on keeping on, everyone!
2/29/2016: $105,360
3/31/2016: $101,978
Logged quarterly market movement. Does not include $11k deposit on new house or rental house real estate value. Going to have to figure out new plan for tracking net worth or I'm about to take a really big hit on paper :) Looks like I'm still officially a graduate even after paying for inspections and deposit!
As for myself, *so close*! $99,781.52 :-)
October 1, 2015: ~$40K
February 2016: ~$65K
Damn, all of you are really impressive!
Real good looking progress CanyonMan, you are MILES ahead of nearly every other 25 year old out there, killin' it!
My update is as follows:
1/1/2016 $70,395.59
2/1/2016 $74,587.69
3/1/2016 $77,683.18
4/1/2016 $81,670.69
Most of this NW is in equity/Pension/retirement accounts so I'm just focusing on getting a larger Emergency Fund for the next few months as I've always gone a little light on cash in the bank.
1st post! My stretch goal is 125K by the end of the year if I get lucky with the market. I will be about 23.5 years old (sidenote: I can't believe I'm turning 23). More realistically I will probably hit 105k-110k barring any illnesses/family issues/injuries etc.
Me: Single male, 22 years old, NYC
Started at -12k in student debt when i graduated in 2015. During college, I paid down ~8k from earnings in college/internships.
Current stats:
Cash on hand: 20k. 15k is in the savings account to maintain the credit card. I have an additional 5k for instant liquidity (rent, paying the monthly credit card balance) without disrupting my long-term investment positions and getting slapped the 35% capital gains tax.
ETF: 10k
Cash for Investments (dry powder): 37k
401k: 5.5k - the match doesn't activate until I've stayed with the firm for 2-3 years so I'm ignoring the additional +5.5k match.
Traditional IRA: 5.5k as soon as I cash in the tax refund. It's sitting at home with my parents.
Total: 78K
Year-End Goal: 125K
62% there!
As of 3/8: $20,818
As of 3/29: $23,784
Me too I'm racing towards 100k, but I didn't initially posted since I was already at more than 10k when I started reading MMM (January 2014). Anyway I've decided to put down my progression to both keep track and analyze what I did.
I am in full mustachian mode since august 2014 (biking everywhere, homemade lunch, no shopping for materialistic shit, and so on).
My total assets in middle september 2012, when I finished my master (I'm now 29, working and living in Switzerland) and started working as a researcher at my university, was 11k chf:
1k swiss franc in a cash account
10k gold bullion inherited by my grandfather, never known him, it's actually the only thing I have left of him.
After ~28 months I've now a total of 66k swiss francs (switch job in between, started working in industry for a small bump in pay):
16k company pension plan
15k retirement account
10k bullion (I struggle to sell it, there is my fucking name engraved in it! from my grandpa!)
25k taxable account investment
I'm very happy for the moment (+55k in 28 months, ~2k/month in switzerland is very difficult), but is amazing to see that my total at the end of 2014 was 35k, and I did manage to save 31k only in the last 12 months.....
By end of 2015 I should reach 100k, also +89k in 40 months. It's amazing only to think about it :)
Been meaning to add my numbers, but still have to figure out a couple numbers.
Namely, what value should I give to a pension (teacher's pension)? I'm sure there is a how to around here somewhere, just haven't come across it.
Would that be the same as "if you were to "sell" it today, it would be worth this much" value?
30 Oct - $30,648
30 Nov - $32,564
30 Dec - $37,354
30 Jan - $38,789
29 Feb - $42,435
30 Mar - ?
30 Apr - $52,411
Savings $138,560I'm in!! End of may was around $4k net worth. Hoping for $100k in 18-24 months.
Savings $75k
Student loans -$71k
Net worth $4k
I already have a journal, if you really want to see just how crazy i am ;) otherwise...good luck!!!
1 year update... (I "quit" tracking because i can't update the google doc)
Savings $135k
Student loans -$54k
NW $81k
Great job everybody!!! And congrats to those who already made it!!
I'm still hanging in there!!
Savings $135k
Student loans $46k
NW = $88k
Oct 2015
Save $140,158
Debt $46,734
NW = $93,424
Sooooo close!!!
Debt $46,822
NW = $91,738 grrrr it went down...
Save
$129,648
Debt
$45,257
NW $84,391 Down again!!!! Aaahhhhhhh
Finally!!!
Save
$158,005
Debt
$57,231
NW $100,825
Woooo hoooooo!
See ya! (Just kiddin)
Woooo hoooooo!
See ya! (Just kiddin)
Finally!!!
Save
$158,005
Debt
$57,231
NW $100,825
Woooo hoooooo!
See ya! (Just kiddin)
Congrats on the milestone, don't let the door hit ya on the way out!
May 2016: $81KOctober 1, 2015: ~$40KApril 2016 (so far): $71K
February 2016: ~$65K
30 Oct - $30,648
30 Nov - $32,564
30 Dec - $37,354
30 Jan - $38,789
29 Feb - $42,435
30 Mar - ?
30 Apr - $52,411
30 May - $56,973
From now on, I'm going to breakdown savings vs debt in my update.
Apr:
$70,285 savings
$17,874 debt
May:
$74,338 savings
$17,365 debt
March 2016: 8152.00May 31, 2016: 22,693
April 2016: 10915.00
Today(April 26th): 19516.00
Sep-15 $6,657.20
Oct-15 $10,846.07
Nov-15 $13,419.84
Dec-15 $19,983.09
Jan-16 $23,828.58
Feb-16 $27,482.23
Mar-16 $33,831.34
Apr-16 $38,873.65
My update is as follows:
1/1/2016 $70,395.59
2/1/2016 $74,587.69
3/1/2016 $77,683.18
4/1/2016 $81,670.69
5/1/2016 $85,587.91
Well, I have been away for quite a while, and I didn't track all of my accounts for a few of the months. Things were pretty rough what with my dad's death, my wife and I leaving the Mormon church, my ADD diagnosis, and some health problems induced by my frequent travel to Mexico for work.
Good news though, $124,966.64! Quite a bit of that is due to timing the market with the purchase of my house, because it increased in price by almost $32k since I bought it in November (based on Zillow, which has been pretty accurate for my area).
I think I would like to start this challenge again, but with investments only this time. Turns out I have just as much money in investments now ($29k) as my net worth when I started the challenge ($20k) two years ago. $100k in two years for someone with a single income supporting my wife, 3.5. year old, and 2 year old on a salary of about $60k (before taxes). It is possible!
1/31/16: 71,733
2/29/16: 74,225
3/25/16: 80,361
4/16: 85,438
5/20/16: 86,299
6/30/16: 88,255
Three paychecks next month should push me well into the 90s. Feeling near now!
Somehow i just now saw this thread...and it is one i can actually not feel out of place :)
(2010-2013 amounts are my best guess. Didn't start tracking until 2014)
End of Year: Amount
2010: -$7,500
2011: $7,500
2012: $8,500 (bought a car - hence the relatively flat NW)
2013: $24,000
2014: $36,285 (Found MMM in October)
2015: $40,655 (Peaked at $48k, but then I liquidated some savings to buy a house)
Today: $48,000
There is a very slim chance i could hit 100k by the end of 2017...should get there in 2018 for sure.
My update is as follows:
1/1/2016 $70,395.59
2/1/2016 $74,587.69
3/1/2016 $77,683.18
4/1/2016 $81,670.69
5/1/2016 $85,587.91
6/1/2016 $88,367.43
7/1/2016 $93,318.49
Decided to jump in the group if you all don't mind. I just merged all my stuff into "One Sheet to rule them all v3" so my data is a bit limited right now.
4/1/2016 $45,447.95
5/1/2016 $47,415.17
6/1/2016 $52,780.32
1/31/16: 71,733
2/29/16: 74,225
3/25/16: 80,361
4/16: 85,438
5/20/16: 86,299
6/30/16: 88,255
7/31/16: 99,033
Three paychecks this month plus a stock market bump and it's looking like I'll hit the $100k mark in August. I'll post more thoughts/stats next month, but I'm feeling very happy.
1/31/16: 71,733
2/29/16: 74,225
3/25/16: 80,361
4/16: 85,438
5/20/16: 86,299
6/30/16: 88,255
7/31/16: 99,033
Three paychecks this month plus a stock market bump and it's looking like I'll hit the $100k mark in August. I'll post more thoughts/stats next month, but I'm feeling very happy.
3/1/2016: $10,106
4/1/2016: $10,624
5/1/2016: $14,504
6/31/2016: $18,193
7/30/2016: $19,296
Soooo close to $20K! Almost certainly going to hit $25K by end of year, markets willing.
March 2016: 8152.00July 31, 2016: 31,297
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
2015
Apr $12,466.69
May $14,786.72
Jun $17,419.27
Jul $21,457.81
Aug $24,608.98
Sep $25,148.05
Oct $30,071.44
Nov $30,362.40
Dec $33,987.45
2016
Jan $37,178.00
Feb $40,183.56
Mar $41,965.73
Apr $46,690.70
May $51,510.46
7/1/2016: $83,089.96 / $78,807.96 (w/ vs. w/o car - 2007 Mazda3)
Jan 16 | $39,550 |
Feb 16 | $41,468 |
Mar 16 | $47,974 |
Apr 16 | $51,484 |
May 16 | $52,730 |
Jun 16 | $53,694 |
Jul 16 | $55,669 |
I did it! I finally graduated to the next thread! I've been MIA for the past few months due to life getting busy. I started a business, didn't enjoy it ended up selling it for about what i put in. I found a new job in a new industry, and now I've finally crossed the finish line! 101,705! All of which is liquid assets.
It happens quicker than you think, now i just wish Denver was still an affordable city, so I can start growing some home equity.
I did it! I finally graduated to the next thread! I've been MIA for the past few months due to life getting busy. I started a business, didn't enjoy it ended up selling it for about what i put in. I found a new job in a new industry, and now I've finally crossed the finish line! 101,705! All of which is liquid assets.
It happens quicker than you think, now i just wish Denver was still an affordable city, so I can start growing some home equity.
Wow, six figures liquid! Are you planning on doing any Vanguard index investing with some of that?
My update is as follows:
1/1/2016 $70,395.59
2/1/2016 $74,587.69
3/1/2016 $77,683.18
4/1/2016 $81,670.69
5/1/2016 $85,587.91
6/1/2016 $88,367.43
7/1/2016 $93,318.49
8/1/2016 $98,467.26 - If things go - normal - I should finally break the $100k barrier in two weeks! Looks like there is a few of us about to move on from this thread but i better reserve my milestones until I actually get there, things could still change.
4th January 2016 : 55k.
29th March 2016: 58k.
28th June 2016: 77k.
It's not bad considering the markets haven't been that good. I'm hopefully in the next 3 months that we get past 100k.
3/1/2016: $10,106I JUST CROSSED $20K!!
4/1/2016: $10,624
5/1/2016: $14,504
6/31/2016: $18,193
7/30/2016: $19,296
Soooo close to $20K! Almost certainly going to hit $25K by end of year, markets willing.
Jan - $45,622
Feb - $49,164
March - $62,581
April - $66,697
May - $71,586
June - $76,413
July - $83,499
August - $88924
On track for beginning of November!
Jan 16 | $39,550 |
Feb 16 | $41,468 |
Mar 16 | $47,974 |
Apr 16 | $51,484 |
May 16 | $52,730 |
Jun 16 | $53,694 |
Jul 16 | $55,669 |
Aug 16 | $56,725 |
March 2016: 8152.00August 31, 2016: 34,286
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016
$54,717 - May 2016
$55,014 - Jun 2016
$59,924 - Jul 2016
$55,527 - Aug 2016
Regressed for the first time since I started tracking. Pretty big curveball got thrown at me, but I'm confident I'll re-group and surge past.
Actually at your rate of about $1,000 a month assuming 7% real rate of return and with a FIRE goal of $600,000 starting with $24,285 would only take 20.3 years to reach FIRE! Yah for compound interest!
End of June Update:
Cash/Savings: $6,614
Mutual Funds (non-retirement, house savings): $10,568
Work Retirement Accounts: $39,193
NW: $56,375 (increase of $643)
Back in after over a year of not checking in!
Cash/Savings: $8,160
Mutual Funds (non-retirement, house savings): $10,956
Work Retirement Accounts:$57,777
NW: $76,893 (increase of $20,518 - average $1,578 per month since last check-in).
I have moved in with my girlfriend and our monthly expenses have dropped, I have also gotten a bit of a raise at work so I am gaining ground at a faster rate now. I have spent some money on goodies though and I need to make sure I don't turn up the speed on the treadmill if I can avoid it.
At this rate I hope to break 100k in another year if I tighten up some loose ends.
Sep 15: 3,750
Sep 16: 23,000
From the start of my new job to a year later--almost $20,000. With a "promotion" and a pay raise this year, I'm excited to see what another year brings! Still a long way to 100K.
LOL, don't I wish! Yesterday was payday, but not that much!Sep 15: 3,750
Sep 16: 23,000
From the start of my new job to a year later--almost $20,000. With a "promotion" and a pay raise this year, I'm excited to see what another year brings! Still a long way to 100K.
Good job on the progress! For a second I thought you meant you made 20k since yesterday.
This might help my motivation :-)
I am currently at ~ 10.000 on daily benefit (?) account
plus 5.000 belonging to my sister and me together just stored in my other account.
I have around 8.000-10.000 student debt I am only allowed to pay back in 3 years.
I just opened my first depot account and I am waiting for the final documents to arrive so that I can start with indices etc.
16 Mar 2016 $64300 - $13200 = $5130024 Sep 2016 $109400-$33300=$76100 (sadly we wont reach 100K this year)
17 Apr 2016 $103500 - $45600 = $57900
10 May 2016 $106390 - $42900= $63490
28 May 2016 $109037 - $41046= $67991
Due to making less than 50k I'll probably be way behind some of y'all but...
2 years into the 'real' workforce, networth 40k:
Work pension contribution: 10k
Savings account (earmarked for house downpayment, goal is 50k): 30k
If anyone has ideas about places to put house downpayment money that I plan to use within 1-2 years, I'm all ears! Earned a whopping 25 cents last month in interest in savings and it made me so sad...
March 2016: 8152.00
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
August 31, 2016: 34,286
Aug 2016: $2,136
Sept 2016: $5,733
$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016
$54,717 - May 2016
$55,014 - Jun 2016
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
Jan 16 | $39,550 |
Feb 16 | $41,468 |
Mar 16 | $47,974 |
Apr 16 | $51,484 |
May 16 | $52,730 |
Jun 16 | $53,694 |
Jul 16 | $55,669 |
Aug 16 | $56,725 |
Sep 16 | $58,793 |
Jan - $45,622
Feb - $49,164
March - $62,581
April - $66,697
May - $71,586
June - $76,413
July - $83,499
August - $88924
On track for beginning of November!
It was negative all of my life until two or three years ago (at one point negative $200k or so). I never tracked it because it was too depressing.
$27,512.11 November 2014
$32,550.93 January 2015
$37,692.25 April 2015
$41,623.39 June 2015
$35,929.89 July 2015 (Ouch!!!)
$45,275.83 October 2015
$54,907 November 30, 2105
17.5% increase? Somebody check my math.
Groan.
October 2016, almost a year later, a $763 increase to $55,671.
Damn. I stopped tracking it until this month, because I knew things weren't going well, so I stuck my head in the sand.
March 2016: 8152.00October 31, 2016: $36,980
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
August 31, 2016: 34,286
September 30, 2016: $32,870 *new driveway
Jan - $45,622
Feb - $49,164
March - $62,581
April - $66,697
May - $71,586
June - $76,413
July - $83,499
August - $88924
September - $95816
New to the board
According to Mint this has been my net worth since I started tracking.
08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023
08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k
08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002
*snip*
Whoops, its been a while. Here's my end of month numbers for May and June. Getting closer!
05/2016: $87,545
06/2016: $89,146
07/2016: $92,533
This number is actually higher because I have several outstanding reimbursements for work travel. Getting close!
09/2016: $96,145
Based by this, I'd say we're on track for $100k in late November. I have around $2,500 in reimbursements from my conference this weekend that are outstanding. Very exciting!
10/31/2016: $101,606.36
Holy moly we made it! Apparently I had more outstanding reimbursements than I thought. So I have to leave this thread? We have some large expenditures planned for the next 6 months, so I feel like I'll just bounce back here again soon.
New to the board
According to Mint this has been my net worth since I started tracking.
08/2013: $9,216- had been making 18k, got a job making 27k
11/2013: $12,398
02/2014: $14,413- new job in December making 38k
05/2014: $15,023
08/2014: $17,890
11/2014: $29,589
02/2015: $34,041
05/2015: $38,284 -new job at 55k
08/2015: $58,584- added in husband's savings (earmarked for a car)
11/2015: $67,385
02/2015: $77,264
04/2016: $85,002
*snip*
Whoops, its been a while. Here's my end of month numbers for May and June. Getting closer!
05/2016: $87,545
06/2016: $89,146
07/2016: $92,533
This number is actually higher because I have several outstanding reimbursements for work travel. Getting close!
09/2016: $96,145
Based by this, I'd say we're on track for $100k in late November. I have around $2,500 in reimbursements from my conference this weekend that are outstanding. Very exciting!
10/31/2016: $101,606.36
Holy moly we made it! Apparently I had more outstanding reimbursements than I thought. So I have to leave this thread? We have some large expenditures planned for the next 6 months, so I feel like I'll just bounce back here again soon.
Aug 15: 5327 (found MMM)Nov 16: 26932
Sep 15: 5775
Oct 15: 6964
Nov 15: 8551
Dec 15: 12085
Jan 16: 12700
Feb 16: 13691
Mar 16: 14818
Apr 16: 16220
May 16: 17510
Jun 16: 21149
Jul 16: 22024
Aug 16: 23325
Sep 16: 24285
Oct 16: 25400
Guessing you are there now?Jan - $45,622
Feb - $49,164
March - $62,581
April - $66,697
May - $71,586
June - $76,413
July - $83,499
August - $88924
September - $95816
OCTOBER - $99,648
So close its a little disappointing, unfortunately markets did not cooperate (first world problems).
Next pay day is Friday, Nov 4 which should push us over 100k, hopefully for good.
$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016
$54,717 - May 2016
$55,014 - Jun 2016
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
January 2015 | $761.27 |
February 2015 | $1,692.86 (first full-time paycheck) |
March 2015 | $7,340.61 |
April 2015 | $9,390.15 |
May 2015 | $14,705.60 |
June 2015 | $15,555.61 |
July 2015 | $17,823.47 |
August 2015 | $21,317.49 |
September 2015 | $22,306.13 (got a raise) |
October 2015 | $29,095.56 |
November 2015 | $29,908.32 |
December 2015 | $32,139.84 |
January 2016 | $33,406.91 |
February 2016 | $44,953.46 (vested a bunch of employer benefits) |
March 2016 | $50,388.38 (No idea... this looks off to me) |
April 2016 | $57,981.30 (got another raise around this time) |
May 2016 | $58,673.90 |
June 2016 | $57,834.51 |
July 2016 | $63,066.48 |
August 2016 | $66,336.33 (got awarded a LOT of RSUs, vest quarterly so no impact in August) |
September 2016 | $64,358.40 |
October 2016 | $61,734.57 |
November 2016 | $78,814.44 (get a raise, company gets bought, RSUs vest) |
It has taken me 7 years to get to this point.
November 2009: Graduated from grad school with $52k student loans and 5k in the bank, but thankfully also already employed with benefits!
November 2016: $50,207 (Hit 50k in retirement savings and net worth. Since I started with ~50k in the red it feels really good to be 50k in the right direction)
Plans for 2017: Getting married in the fall. Money for the wedding already saved. Paying on student loans with a vengeance ($1,133 a month).
January 2015: CHF 49,805
...
November 2015: CHF 66,524
December 2015: CHF 67,473
January 2016: CHF 78,098
February 2016: CHF 81,995
March 2016: CHF 78,422
April 2016: CHF 84,996
May 2016: CHF 86,464
June 2016: CHF 89,312
Juli 2016: CHF 92,488
August 2016: CHF 99,535
September 2016: CHF 98,719
October 2016: CHF 97,52
Here goes.
Oct 31st, 2016 - $17,457.17
Haven't done any thorough calculations, but back of the envelope says it should be a little over a year.
March 2016: 8152.00November 30, 2016: $41,765
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
August 31, 2016: 34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
Congrats! What explains the big jumps in net worth in January and February?January 2015: CHF 49,805
...
November 2015: CHF 66,524
December 2015: CHF 67,473
January 2016: CHF 78,098
February 2016: CHF 81,995
March 2016: CHF 78,422
April 2016: CHF 84,996
May 2016: CHF 86,464
June 2016: CHF 89,312
Juli 2016: CHF 92,488
August 2016: CHF 99,535
September 2016: CHF 98,719
October 2016: CHF 97,52
November 2016: CHF 106,096
Hopefully the first 100k is really the hardest part to get to 1 million :)
Thank you all for the support and motivation to keep me on track!
$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016
$54,717 - May 2016
$55,014 - Jun 2016
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
$56,780 - Nov 2016
Short notice travel, unexpected car repair, and moving for work with a few weeks of no income getting settled has taken a toll. Good news is I've got a new job and moving up from 45k income to 76k, so I should start seeing solid improvement from here.
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D
Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!
I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice. I want to keep at least 1-yr of living expenses on hand for bugging out.
Good luck! Sometimes a leap like that turns out even better than you expected. I quit a secure government job just over four years ago to move to the other side of the country (I quit with no job lined up)..fast forward to now - I'm in a new field entirely, my salary has doubled since then and I'm really quite happy. :)
$90k is more likely for me this year, but a stretch goal of $100k sounds good. :D
Wow, thanks, that is encouraging! I'm glad it turned out so well for you; I just hope the same for myself. I'd love to get into a completely new field. Perhaps my 'stache will fund my journey!
November 2016: $105KMay 2016: $81KOctober 1, 2015: ~$40KApril 2016 (so far): $71K
February 2016: ~$65K
Is it too late to join this?It's never too late! Keep us updated. It gives yourself a place to be accountable.
Congrats! What explains the big jumps in net worth in January and February?January 2015: CHF 49,805
...
November 2015: CHF 66,524
December 2015: CHF 67,473
January 2016: CHF 78,098
February 2016: CHF 81,995
March 2016: CHF 78,422
April 2016: CHF 84,996
May 2016: CHF 86,464
June 2016: CHF 89,312
Juli 2016: CHF 92,488
August 2016: CHF 99,535
September 2016: CHF 98,719
October 2016: CHF 97,52
November 2016: CHF 106,096
Hopefully the first 100k is really the hardest part to get to 1 million :)
Thank you all for the support and motivation to keep me on track!
Hi all,
I'm new to the group, although I discovered MMM in September 2015. Since then I've been busy getting my finances in order and starting to build my 'stache, which as of today is $21,326.78. Hope to increase this by $2,000 at the end of the month.
30 Nov 2016 $115000-$29000=$86000
16 Mar 2016 $64300 - $13200 = $51300
17 Apr 2016 $103500 - $45600 = $57900
10 May 2016 $106390 - $42900= $63490
28 May 2016 $109037 - $41046= $67991
24 Sep 2016 $109400-$33300=$76100
Sep-15 $6,657December-16 65515
Oct-15 $10,846
Nov-15 $13,419
Dec-15 $19,983
Jan-16 $23,828
Feb-16 $27,482
Mar-16 $33,831
Apr-16 $38,873
May-16 $38453
Jun-16 $43398
Sep-16 $56655
20 Dec 2016 $119500-$26770=$9273030 Nov 2016 $115000-$29000=$86000
16 Mar 2016 $64300 - $13200 = $51300
17 Apr 2016 $103500 - $45600 = $57900
10 May 2016 $106390 - $42900= $63490
28 May 2016 $109037 - $41046= $67991
24 Sep 2016 $109400-$33300=$76100
$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016
$54,717 - May 2016
$55,014 - Jun 2016
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
$56,780 - Nov 2016
$58,510 - Dec 2016
Mar 2016 $28,361
Apr 2016 $31,751
May 2016 $38,742
Jun 2016 $40,970
July 2016 $61,657
Aug 2016 $64,120
Sep 2016 $66,961
Oct 2016 $70,179
Should make $75k by the end of the year.
March 2016: 8152.00December 31st, 2016: 44,852
April 2016: 10915.00
Today(April 26th): 19516.00
May 31, 2016: 22,693
June 30, 2016: 27,496
July 31, 2016: 31,297
August 31, 2016: 34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
I'm going to try to track my NW monthly this year to chart my progress. Starting 2016, I had a NW of $50,000. I'm hoping to grow it to over $75K.
Once I get to $100K, I think I will give myself permission to move into my own apartment, as I've spent the last 8 years living with the same roommate--saving a ton of money, but not getting as much privacy as I'd like.
Jan 2016 - $50,000
April 2016 -$57,000
May 2016 - $60,000
June 2016 - $63,000
July 2016 - $69,000 (profit sharing, plus market doing better - so glad I front loaded this year!)
Aug 2016 - $72,000
Sept 2016 - $74,000 (markets down, same deposits though)
Oct 2016 - $74,000 (uggghhh...)
Nov 2016 - $78,000 :D
Dec 2016 - $84,000 (Wooooo! Dale tu cuerpo a alregria, Macarena...!)
Jan 16 | $39,550 |
Feb 16 | $41,468 |
Mar 16 | $47,974 |
Apr 16 | $51,484 |
May 16 | $52,730 |
Jun 16 | $53,694 |
Jul 16 | $55,669 |
Aug 16 | $56,725 |
Sep 16 | $58,793 |
Oct 16 | $58,748 |
Nov 16 | $60,551 |
Dec 16 | $61,253 |
Awesome saving Mval!! Come join us in the next thread! :)
I've passed 100k if I factor in home equity, but I closed the year around 61k invested - I'm hoping to break 100k just in investments in 2016, so I'll stick around! :D
Realistically, I'm looking to hit $75K by the end of 2016, with a stretch-goal of $80K. I can't wait to hit $100K!
I have a good job, but I can't see myself staying in it for 5 more years. Great benefits, but I am fairly bored in it and would like to do other things with my life. I think if I could get a NW of $100K with about $20K in cash, I could feel comfortable with the risk of trying something else. I just want to have the cushion of being able to quit anything I'm not happy with. The last thing I want to do is quit my ho-hum but secure job for something that sounds good but turns out to be pure misery. I've had a pure misery job, know how easily I could be in one and know a great deal of people continue in one because they have no other choice. I want to keep at least 1-yr of living expenses on hand for bugging out.
Good luck! Sometimes a leap like that turns out even better than you expected. I quit a secure government job just over four years ago to move to the other side of the country (I quit with no job lined up)..fast forward to now - I'm in a new field entirely, my salary has doubled since then and I'm really quite happy. :)
$90k is more likely for me this year, but a stretch goal of $100k sounds good. :D
Wow, thanks, that is encouraging! I'm glad it turned out so well for you; I just hope the same for myself. I'd love to get into a completely new field. Perhaps my 'stache will fund my journey!
And here we are - I crossed into December with $101k and change in cash/retirement/investments!
I have a feeling I'm going to get killed in this race, but I'm in. Right now at -32,000 net worth (student loans) so I'm not expecting to hit 100k NW until probably 2 years or so from now.
I FINALLY HIT 100K NW TODAY!!! Yay!
Jan 16 | $39,550 |
Feb 16 | $41,468 |
Mar 16 | $47,974 |
Apr 16 | $51,484 |
May 16 | $52,730 |
Jun 16 | $53,694 |
Jul 16 | $55,669 |
Aug 16 | $56,725 |
Sep 16 | $58,793 |
Oct 16 | $58,748 |
Nov 16 | $60,551 |
Dec 16 | $61,253 |
Jan 17 | $64,001 |
I have a feeling I'm going to get killed in this race, but I'm in. Right now at -32,000 net worth (student loans) so I'm not expecting to hit 100k NW until probably 2 years or so from now.
I FINALLY HIT 100K NW TODAY!!! Yay!
March 2016: 8152.00January 31st, 2017: $49,533
April 2016: 10915.00
Today(April 26th): $19516.00
May 31, 2016: $22,693
June 30, 2016: $27,496
July 31, 2016: $31,297
August 31, 2016: $34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
December 31st, 2016: $44,852
I'm going to try to track my NW monthly this year to chart my progress. Starting 2016, I had a NW of $50,000. I'm hoping to grow it to over $75K.
Once I get to $100K, I think I will give myself permission to move into my own apartment, as I've spent the last 8 years living with the same roommate--saving a ton of money, but not getting as much privacy as I'd like.
Jan 2016 - $50,000
April 2016 -$57,000
May 2016 - $60,000
June 2016 - $63,000
July 2016 - $69,000 (profit sharing, plus market doing better - so glad I front loaded this year!)
Aug 2016 - $72,000
Sept 2016 - $74,000 (markets down, same deposits though)
Oct 2016 - $74,000 (uggghhh...)
Nov 2016 - $78,000 :D
Dec 2016 - $84,000 (Wooooo! Dale tu cuerpo a alregria, Macarena...!)
$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016
$54,717 - May 2016
$55,014 - Jun 2016
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
$56,780 - Nov 2016
$58,510 - Dec 2016
$67,328 - Jan 2017
Wow it's been 6 months since I last posted here that went by fast... well it looks like I will be graduating here in Febuary hopefully =)2015
Apr $12,466.69
May $14,786.72
Jun $17,419.27
Jul $21,457.81
Aug $24,608.98
Sep $25,148.05
Oct $30,071.44
Nov $30,362.40
Dec $33,987.45
2016
Jan $37,178.00
Feb $40,183.56
Mar $41,965.73
Apr $46,690.70
May $51,510.46
June $55,116.73
July $61,327.75
I'm joining in! I'll be here for a while because we're currently saving for a house. We track our net worth on the first of every month.
1/1/17: $29,671.78
Wait, you went from 37 to 100 in a year? Please share how!Wow it's been 6 months since I last posted here that went by fast... well it looks like I will be graduating here in Febuary hopefully =)2015
Apr $12,466.69
May $14,786.72
Jun $17,419.27
Jul $21,457.81
Aug $24,608.98
Sep $25,148.05
Oct $30,071.44
Nov $30,362.40
Dec $33,987.45
2016
Jan $37,178.00
Feb $40,183.56
Mar $41,965.73
Apr $46,690.70
May $51,510.46
June $55,116.73
July $61,327.75
August: $65,649.24
September: $70,236.10
October: $74,423.94
November: $81,213.73
December: $88,429.80
2017
January: $97,244.89
Date | Net worth |
March 31, 2016 | $11,309 |
February 4, 2017 | $50,348 |
Hi,Couldn't wait for three months!!
Happy new year everyone and congrats on the huge achievements. 2017 is the year I'm pressuring myself with hard goals so I'll join this thread.
If I'm focused I can probably get to the 100K in four years (end of 2020, at a conservative estimate not accounting for raises and stocks appreciation) which is way too long for me to envision but the thread could be a way to get myself accountable on tracking NW quaterly which is one of my goal for 2017.
Jan 17, 2017: 12,138
I don't know how I 'lost' 3K in the last 2 weeks. It was 15K by end of December but I counted checking account which I'll exclude from now on. Hope to have it at 30K by end of year, that'll be cause for celebration.
Wait, you went from 37 to 100 in a year? Please share how!Wow it's been 6 months since I last posted here that went by fast... well it looks like I will be graduating here in Febuary hopefully =)2015
Apr $12,466.69
May $14,786.72
Jun $17,419.27
Jul $21,457.81
Aug $24,608.98
Sep $25,148.05
Oct $30,071.44
Nov $30,362.40
Dec $33,987.45
2016
Jan $37,178.00
Feb $40,183.56
Mar $41,965.73
Apr $46,690.70
May $51,510.46
June $55,116.73
July $61,327.75
August: $65,649.24
September: $70,236.10
October: $74,423.94
November: $81,213.73
December: $88,429.80
2017
January: $97,244.89
16 Mar 2016 $64300 - $13200 = $51300I think we passed the 100K mark
17 Apr 2016 $103500 - $45600 = $57900
10 May 2016 $106390 - $42900= $63490
28 May 2016 $109037 - $41046= $67991
24 Sep 2016 $109400-$33300=$76100
30 Nov 2016 $115000-$29000=$86000
20 Dec 2016 $119500-$26770=$92730
November 2009: Graduated from grad school with $52k student loans and 5k in the bank.
November 2010: -$41,165
November 2011: -$26,332
November 2012: -$7,560
November 2013: $8,748
November 2014: $21,464
November 2015: $27,355
November 2016: $50,207
I'm going to try to track my NW monthly this year to chart my progress. Starting 2016, I had a NW of $50,000. I'm hoping to grow it to over $75K.
Once I get to $100K, I think I will give myself permission to move into my own apartment, as I've spent the last 8 years living with the same roommate--saving a ton of money, but not getting as much privacy as I'd like.
Jan 2016 - $50,000
April 2016 -$57,000
May 2016 - $60,000
June 2016 - $63,000
July 2016 - $69,000 (profit sharing, plus market doing better - so glad I front loaded this year!)
Aug 2016 - $72,000
Sept 2016 - $74,000 (markets down, same deposits though)
Oct 2016 - $74,000 (uggghhh...)
Nov 2016 - $78,000 :D
Dec 2016 - $84,000 (Wooooo! Dale tu cuerpo a alregria, Macarena...!)
Jan 2017 - $87,000 (so far two paychecks front-loaded to 401K at 80%)
Mar 2016 $35,000
Apr 2016 $31,751
May 2016 $38,742
Jun 2016 $40,970
July 2016 $61,657
Aug 2016 $64,120
Sep 2016 $66,961
Oct 2016 $70,179
Should make $75k by the end of the year.
Dec 2016. $ $78,000
NW with house/rental condo: 71k.
NW without house/rental condo: 33k.
Wow, didn't know I had that much! Guess 100k isn't impossible but I'd like to stay here till I get 100k without house/rental values :D.
Date | Networth |
9/1/2014 | $14,865.26 |
10/1/2014 | $17,982.66 |
11/1/2014 | $17,949.24 |
12/1/2014 | $19,967.23 |
1/1/2015 | $25,504.84 |
2/1/2015 | $28,305.81 |
3/1/2015 | $30,322.90 |
4/1/2015 | $33,248.29 |
5/1/2015 | $34,786.85 |
6/1/2015 | $36,579.20 |
7/1/2015 | $33,108.30 |
8/1/2015 | $35,569.17 |
9/1/2015 | $37,759.70 |
10/1/2015 | $41,566.54 |
11/1/2015 | $53,256.44 |
12/1/2015 | $55,006.39 |
1/1/2016 | $57,428.23 |
2/1/2016 | $49,870.20 |
3/1/2016 | $51,558.33 |
4/1/2016 | $57,205.08 |
5/1/2016 | $61,094.49 |
6/1/2016 | $62,583.92 |
7/1/2016 | $63,773.08 |
8/1/2016 | $61,092.88 |
9/1/2016 | $57,409.45 |
10/1/2016 | $61,749.82 |
11/1/2016 | $61,600.48 |
12/1/2016 | $64,511.60 |
1/1/2017 | $70,030.75 |
2/1/2017 | $72,661.12 |
3/1/2017 | $78,557.23 |
$40,061 - Dec 2015
$43,153 - Jan 2016
$47,634 - Feb 2016
$50,404 - Mar 2016
$53,733 - Apr 2016
$54,717 - May 2016
$55,014 - Jun 2016
$59,924 - Jul 2016
$55,527 - Aug 2016
$61,117 - Sep 2016
$64,384 - Oct 2016
$56,780 - Nov 2016
$58,510 - Dec 2016
$67,328 - Jan 2017
$73,827 - Feb 2017
Here's my final numbers... It's been real fun but... I hope I'm never back here again =)Good job CmFtns!
thanks for the company all... now on to $250k
2017
Jan $97,244.89
Feb $103,330.77
March 2016: 8152.00February 28th, 2017: $53,250
April 2016: 10915.00
Today(April 26th): $19516.00
May 31, 2016: $22,693
June 30, 2016: $27,496
July 31, 2016: $31,297
August 31, 2016: $34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
December 31st, 2016: $44,852
January 31st, 2017: $49,533
I'll join. Just recently started tracking my NW.
Jan 2017: $19,166.96
Feb 2017: $20,947.41
Hoping to crank up the savings soon! Next month might take a hit (new tires).
Jan 16 | $39,550 |
Feb 16 | $41,468 |
Mar 16 | $47,974 |
Apr 16 | $51,484 |
May 16 | $52,730 |
Jun 16 | $53,694 |
Jul 16 | $55,669 |
Aug 16 | $56,725 |
Sep 16 | $58,793 |
Oct 16 | $58,748 |
Nov 16 | $60,551 |
Dec 16 | $61,253 |
Jan 17 | $64,001 |
Feb 17 | $66,905 |
Dec 53,572.89
Jan 63,000.00
Finished all my debt off last year really helped increasing my savings ratio.
Welcome Eporedia and Prickly_Turing! 2017 is going to be one fine year . . .
This thread was getting depressing for a bit for me as I started my business, but things are finally starting to look up. Starting a business is hard on the income for a bit :-/
Starting now!March 41,627
Feb 2016 39,500
New member to the forum, but I'll join, considering only our investment/cash.
4/2015 - $7,000 total savings!! (we were living like there's no tomorrow, but new job matched 100% up to 6%, so this was our trigger to start saving)
12/2015 - $13,000
4/2016 - $25,000 (started maxing out my 401K)
12/2016 - $52,000
3/17 - $84,000
Starting 2017, my wife and I will be contributing max to our 401Ks, ROTH and HSA (me only) so we should, hopefully, accumulate pretty fast.
- Richard
One year of tracking with Mint. Started at about $37,300 (including HSA). Now I am just short of $100k.
Next month we buy a house. So I'll be sticking around this thread a bit longer. Just cool to see how much progress we've made in a year.
March 2016 $28,361.48
April 2016 $31,751.53
May 2016 $38,742.00
June 2016 $40,970.43
July 2016 $61,657.51 (added in my HSA of about 9k into Mint)
August 2016 $64,120.62
September 2016. $66,961.32
October 2016 $70,179.38
November 2016 $73,125.54
December 2016 $80,499.21
January 2017 $87,257.39
February 2017 $93,080.00
March 2017 $99,766.09
Dec 53,572.89
Jan 63,000.00
Finished all my debt off last year really helped increasing my savings ratio.
67,658.50
19,799 Jan 2016
18,990 Feb
21,803 Mar
34,510 April
37,172 May
40,277 June
47,027 July
47,772 Aug
51,071 Sept
53,397 Oct
59,326 Nov
64,142 Dec
69,685 January 2017
71,722 Feb
75,795 Mar
Date | Networth |
9/1/2014 | $14,865.26 |
10/1/2014 | $17,982.66 |
11/1/2014 | $17,949.24 |
12/1/2014 | $19,967.23 |
1/1/2015 | $25,504.84 |
2/1/2015 | $28,305.81 |
3/1/2015 | $30,322.90 |
4/1/2015 | $33,248.29 |
5/1/2015 | $34,786.85 |
6/1/2015 | $36,579.20 |
7/1/2015 | $33,108.30 |
8/1/2015 | $35,569.17 |
9/1/2015 | $37,759.70 |
10/1/2015 | $41,566.54 |
11/1/2015 | $53,256.44 |
12/1/2015 | $55,006.39 |
1/1/2016 | $57,428.23 |
2/1/2016 | $49,870.20 |
3/1/2016 | $51,558.33 |
4/1/2016 | $57,205.08 |
5/1/2016 | $61,094.49 |
6/1/2016 | $62,583.92 |
7/1/2016 | $63,773.08 |
8/1/2016 | $61,092.88 |
9/1/2016 | $57,409.45 |
10/1/2016 | $61,749.82 |
11/1/2016 | $61,600.48 |
12/1/2016 | $64,511.60 |
1/1/2017 | $70,030.75 |
2/1/2017 | $72,661.12 |
3/1/2017 | $78,557.23 |
4/1/2017 | $95,995.00 |
March 2016: 8152.00March 31st, 2017: $71,742
April 2016: 10915.00
Today(April 26th): $19516.00
May 31, 2016: $22,693
June 30, 2016: $27,496
July 31, 2016: $31,297
August 31, 2016: $34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
December 31st, 2016: $44,852
January 31st, 2017: $49,533
February 28th, 2017: $53,250
1/1/2017: 39,4094/1/2017: 72,455
2/3/2017: 55,570
3/3/2017: 58,000
Happy weekend everyone! Great to see your end of month numbers.
Belated congratulations to CmFtns for crossing the $100k mark. Well done!
Looks like there will be a bunch more graduations and celebrations within the next month or two:
- Beautiful Day
- RG422
- MVal
- dogboyslim
- Pooperman
- Merlin7676
Be sure to let us know when you cross the mark! Anyone else getting close?
And we have a bunch of other folks in the $60 - $80k range, as well as new folks just making it into the 20s. Nice job everyone.
Happy weekend everyone! Great to see your end of month numbers.
Belated congratulations to CmFtns for crossing the $100k mark. Well done!
Looks like there will be a bunch more graduations and celebrations within the next month or two:
- Beautiful Day
- RG422
- MVal
- dogboyslim
- Pooperman
- Merlin7676
- Rodgers12
- Bart1Ma3u5
Be sure to let us know when you cross the mark! Anyone else getting close?
And we have a bunch of other folks in the $60 - $80k range, as well as new folks just making it into the 20s. Nice job everyone.
DING DING DING.
101K total net worth with my last 403b contribution! Yes I *am* feeling very pleased with myself, why do you ask?
DING DING DING.
101K total net worth with my last 403b contribution! Yes I *am* feeling very pleased with myself, why do you ask?
DING DING DING.
101K total net worth with my last 403b contribution! Yes I *am* feeling very pleased with myself, why do you ask?
I only really track my 401k balance (at end of month) and only for the last couple years.
In my 20s I put something like 10% in and thought I was doing great (better than average), we also tackled 1 student loan, 2 car loans, credit card debt, and bought our 1st home (now a rental). For the last several years I have only been putting 6% (plus a company match) into the 401k, while we saved for a wedding, down payment on a house, started a family, went to 1 steady income and 1 self employed income, and are continuing the last student loan. We are still working on paying off my last student loan and building the self employed income but I am really hoping to hit $100k in the 401k sometime in 2018, if the self employed income starts taking off and we can contribute more to an IRA I will add that into the calculations too.
Dec 2013: $43,660
Dec 2014: $52,943
Dec 2015: $55,622
Dec 2016: $68,870
Feb 2017: $74,784
I did do a quick back of the envelope net worth calculation that included debt, primary and rental home value, and vehicle value and that put net worth around $150k, but since I don't regularly track that stuff I don't want to join the next group until the retirement accounts are above $100k.
Hi everyone, first time posting. Just found MMM in the last 2 months. To cut costs the company I work for reduced salaries by 20% from April - August last year. As you can tell, I did not adjust my spending and my savings in 2016 suffered. They will be doing that again this year and I'm hoping posting here will help motivate me to really cut my spending during these reduced salary months! I also have the benefit this year of having discovered Mustachianism, so hopefully I will make some nice progress.
15-01-31 : -12,050.05
15-02-28 : -9,013.04
15-03-31 : -8,373.63
15-04-30 : 3,957.65
15-05-31 : 6,155.15
15-06-30 : 4,161.27
15-07-31 : 9,940.39
15-08-31 : 11,086.93
15-09-30 : 13,411.39
15-10-31 : 21,753.13
15-11-30 : 23,540.19
15-12-31 : 25,039.14
16-01-31 : 31,418.13
16-02-29 : 33,247.02
16-03-31 : 37,241.82
16-04-30 : 47,305.81
16-05-31 : 47,145.83
16-06-30 : 46,076.20
16-07-31 : 47,098.02
16-08-31 : 46,307.45
16-09-30 : 48,762.90
16-10-31 : 50,601.65
16-11-30 : 52,677.91
16-12-31 : 57,227.20
17-01-31 : 58,540.40
17-02-28 : 64,183.38
17-03-31 : 75,197.12
Hi folks, I'm new to the boards, though I've been lurking for a month or so, and thought I'd jump into this thread (I'll go introduce myself in the welcome thread, too). Nice to meet y'all!
I've only started tracking my net worth this year, so:
January 2017: $54,765.72
February 2017: $58,616.88
March 2017: $62,304.54
I've been digging myself out of CC and other consumer debt for the past few years, and will be completely out from under the credit cards by the fall equinox - and then I anticipate seeing these numbers really take off.
Just hit $41 over 50K NW yesterday (with a little force). :)
Just hit $41 over 50K NW yesterday (with a little force). :)
Hooray for 50k!
I want to play!
State pension (only the part I can roll over if I leave) = 21000
IRA= 2517.56
457 = 9459.79
Savings = 4780.78
Total = 37581.13
Student loans = 27,073.54
NW = 10684.59
I want to play!
State pension (only the part I can roll over if I leave) = 21000
IRA= 2517.56
457 = 9459.79
Savings = 4780.78
Total = 37581.13
Student loans = 27,073.54
NW = 10684.59
State pension (only the part I can roll over if I leave) = 29,991
IRA= 2600
457 = 9738
Savings = 3175
Total = 45,504
Student loans = 22,343
NW = 23161
I'd like to jump in this. Totals are for my wife and I. Aggressively paying down student loan debt has helped...
Jan 2017 - 9,926
Feb 2017 - 15,869
March 2017 - 21,618
April 2017 - 22,738
I'm going to try to track my NW monthly this year to chart my progress. Starting 2016, I had a NW of $50,000. I'm hoping to grow it to over $75K.
Once I get to $100K, I think I will give myself permission to move into my own apartment, as I've spent the last 8 years living with the same roommate--saving a ton of money, but not getting as much privacy as I'd like.
Jan 2016 - $50,000
April 2016 -$57,000
May 2016 - $60,000
June 2016 - $63,000
July 2016 - $69,000 (profit sharing, plus market doing better - so glad I front loaded this year!)
Aug 2016 - $72,000
Sept 2016 - $74,000 (markets down, same deposits though)
Oct 2016 - $74,000 (uggghhh...)
Nov 2016 - $78,000 :D
Dec 2016 - $84,000 (Wooooo! Dale tu cuerpo a alregria, Macarena...!)
Jan 2017 - $87,000 (so far two paychecks front-loaded to 401K at 80%)
Crossed $90K just now, yay!
Nice progress, Ingrown! Love your username.
Nice progress, Ingrown! Love your username.
Thanks, Trifele...i think ;)
law school loans + wife's grad school (education) loans started us $195K ish behind the 8-ball in 2011. A couple cross-country moves and job changes have forced us to pause above required debt payoff/retirement account funding at times, but we are settled now and ready to crush debt/stash hardcore. We are shooting for debt principle payoff and stashing of at least $5,600 a month from here on (written down and published to the world for accountability).
I posted in the 100K to 250K race since I was almost 100K at the time. That was end-March.
But I skidded down to 99K as of today and looks going dimmer by midnight's balance refresh.
So joining this race instead as the market sorts things out for awhile.
Current Balance : $99K
What numbers are you all posting in this thread? I've been thinking about joining one of these threads, but not sure which one...
My networth is $103k, so just over the limit.
But my retirement assets are only $72k, safely within the limits.
And I just reached my emergency fund goal of $10k. But not too long ago, it was below $10k, and I guess too low for this thread.
Anyway, what number are you all posting?
First post, I really like the concept of solidifying this and don't have much encouragement on the FI/RE side from the DW or friends yet.
Seeing as I'll almost be at 10K next friday I figured I'd avoid the single post in the sub 10K thread.
2016-10-01 $51,413
2016-11-01 -$25,621*
2016-12-01 -$25,405
2017-01-01 -$25,189
2017-02-01 -$24,977
2017-03-01 -$21,759
2017-04-01 -$15,838 [Quit Job - Started Consulting Business]
2017-05-01 $7,477
*I foolishly bought a condo (at least it's walkable to work) before getting serious about FIRE and don't count it in my net worth calculation (as hard as that is to watch the 75K hit - it is real).
Student Debts are at 2.7% so min payments only, and my house is at 2.19% (Canada) so it's all Questrade ETF investing from here, budget alots for $2122 biweekly (to hold myself accountable).
I foolishly bought a condo (at least it's walkable to work) before getting serious about FIRE and don't count it in my net worth calculation (as hard as that is to watch the 75K hit - it is real).
Oct 2016 - $21,326.78
Nov 2016 - $24,044.76
Dec 2016 - $25,106.17
Jan 2017 - $27,207.71
Feb 2017 - $28,062.31
Apr 2017 - $35,612.95
Dec 53,572.89
Jan 63,000.00
Finished all my debt off last year really helped increasing my savings ratio.
67,658.50
77,011 March
Date | Networth |
9/1/2014 | $14,865.26 |
10/1/2014 | $17,982.66 |
11/1/2014 | $17,949.24 |
12/1/2014 | $19,967.23 |
1/1/2015 | $25,504.84 |
2/1/2015 | $28,305.81 |
3/1/2015 | $30,322.90 |
4/1/2015 | $33,248.29 |
5/1/2015 | $34,786.85 |
6/1/2015 | $36,579.20 |
7/1/2015 | $33,108.30 |
8/1/2015 | $35,569.17 |
9/1/2015 | $37,759.70 |
10/1/2015 | $41,566.54 |
11/1/2015 | $53,256.44 |
12/1/2015 | $55,006.39 |
1/1/2016 | $57,428.23 |
2/1/2016 | $49,870.20 |
3/1/2016 | $51,558.33 |
4/1/2016 | $57,205.08 |
5/1/2016 | $61,094.49 |
6/1/2016 | $62,583.92 |
7/1/2016 | $63,773.08 |
8/1/2016 | $61,092.88 |
9/1/2016 | $57,409.45 |
10/1/2016 | $61,749.82 |
11/1/2016 | $61,600.48 |
12/1/2016 | $64,511.60 |
1/1/2017 | $70,030.75 |
2/1/2017 | $72,661.12 |
3/1/2017 | $78,557.23 |
4/1/2017 | $95,995.00 |
5/1/2017 | $98,922.26 |
Date Networth 5/1/2017 $98,922.26
March 2016: 8152.00April 28th, 2017: $75,857
April 2016: 10915.00
Today(April 26th): $19516.00
May 31, 2016: $22,693
June 30, 2016: $27,496
July 31, 2016: $31,297
August 31, 2016: $34,286
September 30, 2016: $32,870 *new driveway
October 31, 2016: $36,980
November 30, 2016: $41,765
December 31st, 2016: $44,852
January 31st, 2017: $49,533
February 28th, 2017: $53,250
March 31st, 2017: $71,742
Date Networth 5/1/2017 $98,922.26
close!
edit- any plans to make sure you hit that 100 this month? As I get closer, I'm trying to figure out even more ways to speed it up.
03/2016: $20,818
04/2016: $23,784
05/2016: $26,650
06/2016: $28,769
07/2016: $32,015
08/2016: $34,808
09/2016: $37,342
10/2016: $39,883
11/2016: $41,720
12/2016: $44,979
01/2017: $56,197
02/2017: $59,598
03/2017: $94,135
04/2017: $96,711
05/2017: $100,313
Yeah! I'm not positive this will hold if the markets dip at all today, but I'll take it and keep going. On to 250!
03/2016: $20,818
04/2016: $23,784
05/2016: $26,650
06/2016: $28,769
07/2016: $32,015
08/2016: $34,808
09/2016: $37,342
10/2016: $39,883
11/2016: $41,720
12/2016: $44,979
01/2017: $56,197
02/2017: $59,598
03/2017: $94,135
04/2017: $96,711
05/2017: $100,313
Yeah! I'm not positive this will hold if the markets dip at all today, but I'll take it and keep going. On to 250!
Whoo-hoo! Congrats on graduating to the next thread. :)
Sep 2016: 51598.42
Oct 2016: 54210.76
Nov 2016: 57821.07
Dec 2016: 59471.44
Jan 2017: 63,813.13
Feb 2017: 66,722.32
January 1,2017: (10,116.43) - artificially low by about $5,000 due to missing Mint account
February 1, 2017: 12,032.52 - bonus plus tax return (married in late 2016 but had been withholding as single for most of the year) plus adding some accounts to Mint
March 1, 2017: 15,032.52
April 1, 2017: 20,214.77
07/31/2015: $36,978
08/31/2015: $34,949
09/30/2015: $35,722
10/31/2015: $37,797
11/30/2015: $39,424
12/31/2015: $42,763
01/31/2016: $44,656
02/29/2016: $47,521
03/31/2016: $51,770
04/30/2016: $55,260
05/31/2016: $58,756
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
09/30/2016: $68,877
10/31/2016: $68,616
11/30/2016: $69,541
12/31/2016: $74,813
01/31/2017: $89,057 - Large Increase was due to purchasing a house and was gifted 9k in equity.
02/28/2017: $90,528
03/31/2017: $97,483
04/30/2017: $98,749
Looking like May will finally be the month I hit 100k!
Congratulations Dogboy!
07/31/2015: $36,978
08/31/2015: $34,949
09/30/2015: $35,722
10/31/2015: $37,797
11/30/2015: $39,424
12/31/2015: $42,763
01/31/2016: $44,656
02/29/2016: $47,521
03/31/2016: $51,770
04/30/2016: $55,260
05/31/2016: $58,756
06/30/2016: $58,646
07/31/2016: $64,525
08/31/2016: $66,682
09/30/2016: $68,877
10/31/2016: $68,616
11/30/2016: $69,541
12/31/2016: $74,813
01/31/2017: $89,057 - Large Increase was due to purchasing a house and was gifted 9k in equity.
02/28/2017: $90,528
03/31/2017: $97,483
04/30/2017: $98,749
Looking like May will finally be the month I hit 100k!
Congratulations Dogboy!
We followed a very similar trajectory and we're the same age. Congrats!
I only really track my 401k balance (at end of month) and only for the last couple years.
In my 20s I put something like 10% in and thought I was doing great (better than average), we also tackled 1 student loan, 2 car loans, credit card debt, and bought our 1st home (now a rental). For the last several years I have