Author Topic: Race from 10 to 100k!!  (Read 946826 times)

LittleWanderer

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Re: Race from 10 to 100k!!
« Reply #3500 on: April 30, 2021, 02:05:48 PM »
April 2020 - $36,157
May 2020 - $38,540
June 2020 - $39,514
July 2020 - $42,207
August 2020 - $44,045
September 2020 - $44,514
October 2020 - $45,564
November 2020 - $50,152
December 2020 - $52,356
January 2021 - $53,423
February 2021 - $54,304
March 2021 - $58,321

April 2021 - $61,745

Goodbye 50s, I hardly knew ye.  This is crazy.  I know someday I'll be doing this with much bigger numbers, but it still feels really weird/good right now. 

JCGreen

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Re: Race from 10 to 100k!!
« Reply #3501 on: April 30, 2021, 07:07:46 PM »

I do not include my savings to buy expensive "fun items" like new cellphone, electronics etc. as it is not very big. My checking account is also not included as it has money I will likely spend this month. Goal for 2021 is to make it to $100K. - Aiming for June

Net worth:
2017:                          2019                                 2020
Dec2017:$7800                      Jan2019: $27,100 (+3140)           Jan2020:$45,839 (+$2003)
2018                            Feb2019: $29,443 (+2343)          Feb2020:$43,345 (-$2494)
Apr2018:$13,200                    Mar2019: $31,603 (+2160)          Mar2020:$39,081 (-$4264)
Aug2018:$22,800                   Apr2019: $33,959 (+2356)           Apr2020:$47,551 (+$9470)
Sep2018: $23,645                  May2019: $33,933 (-$26)             May2020:$51,613 (+$4,061)
Oct2018: $23,658                   Jun2019: $37,928 (+3995)           Jun2020:$56,760 (+$5147)
Nov2018: $23,948 (+$290)     Jul2019: $39,736 (+1808)            Jul2020:$61,567 (+$4,807)
Dec2018: $23,960 (+12)         Aug2019: $39,918 (+182)            Aug2020:$68,102 (+$6,535)
                                             Sep2019: $34,179 (-5739)            Sep2020:$68,212(+$109)
                                             Oct2019: $38,091 (+3912)           Oct2020:$68,976 (+$763)
                                             Nov2019: $39,867 (+1776)           Nov2020:$76,790 (+$7,814)
                                             Dec2019: $43836 (+$3968)          Dec2020:$82,778 (+$5,987)

2021
Jan2021:$89,090 (+$6,321)
Feb2021:$86,608 (-$2482)
Mar2021:$98,860.10 (+$12,259)
Apr2021: $106,604.06 (+$7428.22): Yahoo! I made it to 100k! It took me about 5 years to get here.  Most of this is due to ridiculous gains in the stock market. I am hopeful this is my final post in this form. Its so weird that stock market gains for year to date have been far greater than my take home pay. Thanks for all the encouragement on the way, and congratulations to everyone else who will graduate this month.

shrimpwd

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Re: Race from 10 to 100k!!
« Reply #3502 on: April 30, 2021, 09:13:56 PM »
                       2018                2019                2020                2021                2022               
January$6,455-$14,460$34,473-
February--$14,991$36,257-
March--$14,632$38,256-
April-$10,960$13,884$47,021-
May--$17,011$52,533-
June--$19,255--
July--$20,358--
August--$21,993--
September--$23,312--
October--$24,777--
November-$13,466$26,407--
December$9,518-$30,697--

$52,533!!! Half way mark! TNW is $105K. These increases are well beyond what I expected to see a year ago. Definitely not complaining!

Imma

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Re: Race from 10 to 100k!!
« Reply #3503 on: May 01, 2021, 02:50:42 AM »
April 2019: 10094.35
May 2019: 11629.87
June 2019: 12728.63
July 2019: 13021,33
August 2019: 10363,95
September 2019: 10338.28
October 2019: 11128.59
November 2019: 11227,46
December 2019: 11991,27
January 2020: 12576,72
February 2020: 11904,39
March 2020: 10425,32
April 2020: 11830,70
May 2020: 12154,67
June 2020: 14634,19
July 2020: 15345,09
August 2020: 16444,46
September 2020: 17108,60
October 2020: 16687,93
November 2020: 17762,62
December 2020: 19386,94
January 2021: 20649.69
February 2021: 22021,64
March 2021: 22763,55
April 2021: 23866,70

Goals for 2021:
Savings: 10.000
Investments: 25.000


The market is still doing the heavy lifting for me but this month has been really frugal. I spent around 950 while my average is 1100 and high-spend months are 1500. Although to be fair, a lot of my spending is not discretionary. Buying something simple like a new coat or new shoes, or not buying anything in particular like last month, really impact my total spending. Thanks @Rosy and @mckaylabaloney , participating in this thread is really motivating. I love seeing all the regulars from the 10k thread doing well now, @Tass, @LittleWanderer , probably more that I'm forgetting now.

I just ran some numbers this morning and well, the conclusion is, we'll have to retire early or we're going to end up with way too much money in old age!! If I keep earning this wage until conventional retirement age (unlikely, I get a nice raise every year) and keep saving and investing the same amount of money as I do now (also unlikely, because once I reach my target amount in savings, I'm going to invest everything) I'll end up with a million in my post-tax account as well as a full workplace pension at 70% of my average wage, 100k in my savings account and a paid-off home. And Mr. Imma's workplace pension + savings + investments that I didn't even factor in because I don't know the exact figures. We have no kids or nieces and nephews. We could leave it to a charity but I'd rather retire early and donate my time volunteering for a charity.

Trifele

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Re: Race from 10 to 100k!!
« Reply #3504 on: May 01, 2021, 03:55:25 AM »
I just ran some numbers this morning and well, the conclusion is, we'll have to retire early or we're going to end up with way too much money in old age!!

Best problem to have . . . EVER.  Congrats @Imma !

hal

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Re: Race from 10 to 100k!!
« Reply #3505 on: May 01, 2021, 09:57:52 AM »
MonthInvested TNW
Aug 2020$7,009$44,174
Sep 2020$11,792$44,287
Oct 2020$31,493$64,283
Nov 2020$41,577$73,480
Dec 2020$50,881$81,261
Jan 2021$57,339$89,777
Feb 2021$64,587$97,514
Mar 2021$72,121$107,895
Mar 2021$81,536$118,113

Moving along nicely. The markets are certainly helping, even though there was a little dip on the last day of the month. Hoping to reach $100k by end of the summer. Big variable -- my finding a job (or being able to negotiate cross-country remote) when my wife and I move to CA. Enjoying the ride :)

hal

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Re: Race from 10 to 100k!!
« Reply #3506 on: May 01, 2021, 10:01:23 AM »
I just ran some numbers this morning and well, the conclusion is, we'll have to retire early or we're going to end up with way too much money in old age!! If I keep earning this wage until conventional retirement age (unlikely, I get a nice raise every year) and keep saving and investing the same amount of money as I do now (also unlikely, because once I reach my target amount in savings, I'm going to invest everything) I'll end up with a million in my post-tax account as well as a full workplace pension at 70% of my average wage, 100k in my savings account and a paid-off home. And Mr. Imma's workplace pension + savings + investments that I didn't even factor in because I don't know the exact figures. We have no kids or nieces and nephews. We could leave it to a charity but I'd rather retire early and donate my time volunteering for a charity.

I think these realizations and decisions about what to do are what is so motivating about FIRE. Thinking about things like this helps me realize the real sense of freedom that FI brings.

Ourayaway

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Re: Race from 10 to 100k!!
« Reply #3507 on: May 01, 2021, 12:01:47 PM »
I just ran some numbers this morning and well, the conclusion is, we'll have to retire early or we're going to end up with way too much money in old age!! If I keep earning this wage until conventional retirement age (unlikely, I get a nice raise every year) and keep saving and investing the same amount of money as I do now (also unlikely, because once I reach my target amount in savings, I'm going to invest everything) I'll end up with a million in my post-tax account as well as a full workplace pension at 70% of my average wage, 100k in my savings account and a paid-off home. And Mr. Imma's workplace pension + savings + investments that I didn't even factor in because I don't know the exact figures. We have no kids or nieces and nephews. We could leave it to a charity but I'd rather retire early and donate my time volunteering for a charity.

I think these realizations and decisions about what to do are what is so motivating about FIRE. Thinking about things like this helps me realize the real sense of freedom that FI brings.


The biggest realization for me is the calculator that shows the chances you'll be broke or dead with your stache. I'm hoping this will stop me from second guessing myself and enable me to take the leap once I reach my fire number.

More chances than not, you'll been gone before you're money.

dizzy

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Re: Race from 10 to 100k!!
« Reply #3508 on: May 02, 2021, 05:01:17 AM »
Oct 2019- $1000
Nov 2019- $2340
Dec 2019- $2779
Jan 2020- $5658
Feb 2020- $5539
Mar 2020- $5024
Apr 2020- $5444
May 2020- $8302  (wherein I finally got some of unemployment)
June 2020- $20864 (wherein I got more unemployment plus the EIDL)
mid July 2020- $31724 (got the rest of the backpay, woohoo!)
7/31/20- $33340
9/2/20- $36366
9/17/20 - $42978
10/2/20- $43800
10/31/20- $47854
11/11/20- $53709
12/23/20- $64158
1/8/21- $69542
3/23/21- $81890
4/10/21- $88405
5/2/21- $94414

A big boost since I received $5k from my family for our wedding.  I'm using it in various bank bonuses to grow it- our plan was to pay for the wedding ourselves anyway.  My fiance received $8k as well that we hope to do the same with.  I'm not including his $8k here.

We do need to pay for some wedding stuff but that shouldn't really affect things too much- it's around $6k in total we are thinking now.  Also have some v good bank bonuses paying out soon and then the rest spread out over months will be nbd.

Really hard to believe I'm almost graduated from this group in just a year and a half- it seemed so far-fetched to me when I started.

Tass

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Re: Race from 10 to 100k!!
« Reply #3509 on: May 02, 2021, 08:26:14 AM »
I love seeing all the regulars from the 10k thread doing well now, @Tass, @LittleWanderer , probably more that I'm forgetting now.

I keep an eye on you the same way! Love to see forward progress. :)

Serendip

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Re: Race from 10 to 100k!!
« Reply #3510 on: May 02, 2021, 10:02:31 AM »
I just ran some numbers this morning and well, the conclusion is, we'll have to retire early or we're going to end up with way too much money in old age!!

Best problem to have . . . EVER.  Congrats @Imma !

Yes, congratulations! This indeed is a great problem to have. Good work @Imma :)

haypug16

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Re: Race from 10 to 100k!!
« Reply #3511 on: May 02, 2021, 11:00:09 AM »
April 2021 Update
3/31/2017 (52,848.85) - Found MMM
3/31/2018 $(14,916.69) - 1 year in
3/31/2019 $9,917.20 - 2 years in
3/31/2020 $22,896.16 - 3 years in
4/30/2020 $32,841.74
5/31/2020 $41,382.08
6/30/2020 $49,125.78
7/31/2020 $54,499.66
8/31/2020 $61,881.00
9/30/2020 $60,837.47
10/31/2020 $60,621.36
11/30/2020 $69,864.27
12/31/2020 $78,754.14
1/31/2021 $84,269.08
2/28/2021 $88,584.72
3/31/2021 $92,842.32
4/30/2021 $100,212.15 <--- Woohoo!!!

It's ben a couple months since my last update but I have made it over the finish line for this race.

shinn497

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Re: Race from 10 to 100k!!
« Reply #3512 on: May 02, 2021, 11:51:45 AM »
March 19 10450 (At beginning of the month)
Apr 19     12500
May 19    14800
June 19   17031
July 19    20100
Aug 19    23300
Sept 19   26300
Oct 19     29300
Nov 19    30500
Dec 19    33800
Jan 20     37100
Feb 20     37100
March 20 38413
Apr 20     32000
May 20     37000
June 20    42500
July 20     46300
Aug 20     50200
Sept 20     53400
Oct 20       55700
Nov 20      62000
Dec 20      66300
Jan 21       71500
Feb 21       77000
March 21   80500
Apr 21   83500
May 21   88000

Market's helped a lot last month .

hal

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Re: Race from 10 to 100k!!
« Reply #3513 on: May 02, 2021, 12:25:19 PM »
April 2021 Update
3/31/2017 (52,848.85) - Found MMM
3/31/2018 $(14,916.69) - 1 year in
3/31/2019 $9,917.20 - 2 years in
3/31/2020 $22,896.16 - 3 years in
4/30/2020 $32,841.74
5/31/2020 $41,382.08
6/30/2020 $49,125.78
7/31/2020 $54,499.66
8/31/2020 $61,881.00
9/30/2020 $60,837.47
10/31/2020 $60,621.36
11/30/2020 $69,864.27
12/31/2020 $78,754.14
1/31/2021 $84,269.08
2/28/2021 $88,584.72
3/31/2021 $92,842.32
4/30/2021 $100,212.15 <--- Woohoo!!!

It's ben a couple months since my last update but I have made it over the finish line for this race.

Congrats!!

Trifele

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Re: Race from 10 to 100k!!
« Reply #3514 on: May 02, 2021, 04:25:52 PM »
It's been a couple months since my last update but I have made it over the finish line for this race.

Woohoo @haypug16!!  Huge congrats!  :)

haypug16

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Re: Race from 10 to 100k!!
« Reply #3515 on: May 02, 2021, 07:29:52 PM »
It's been a couple months since my last update but I have made it over the finish line for this race.

Woohoo @haypug16!!  Huge congrats!  :)

Thanks It feels awesome to hit 6 figures :)

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3516 on: May 03, 2021, 04:41:34 AM »
Tracking investments, emergency fund and additional pension investments (all to be used to retire together with SO!)
(not tracking company pension investments, house value and current accounts / special project savings)

15 May 2020: EUR 17,034 (started tracking)
15 December 2020: EUR 23,325

31 January 2021: EUR 24,040
28 February 2021: EUR 25,103
31 March 2021: EUR 26,263
30 April 2021: EUR 27,109
(2021 goal: EUR 35K)

Again nice and steady (and boring.....). Just happy that our small holiday did not do anything on the savings side. We had lots of nice (almost free) outings and enjoyed our time together as a family. Summer holiday will be the same (stay in country and go camping), so I do not expect this to have an impact on our savings as well. May will have a nice increase (hopefully) due to holiday pay, tax refund and insurance refund. Still deliberating whether we will put this against our mortgage or put it to savings. I just love to have our monthly expenses as low as possible, so an additional mortgage payment will result in lower expenses (not much, but all small amounts add up).

I see a lot of graduates! Congratulations!!!!!

bcbaseballman

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Re: Race from 10 to 100k!!
« Reply #3517 on: May 03, 2021, 07:22:43 AM »

2018                             2019                              2020                            2021
1/31: (5949.05)              1/31: 13,493.35              1/31: 44,514                 1/31: 85,576
2/28: (5288.30)              2/28: 15,766.50              2/29: 48,891                 2/28: 86,616
3/31: (4273.93)              3/31: 19,286                   3/31: 46,104                 3/31: 94,009
4/30: (2592.07)              4/30: 19,283                   4/30: 52,720
5/31: (629.70)                5/31: 18,676                   5/31: 55,177
6/30: 1,206.77                6/30: 22,362                   6/30: 59,720
7/31: 2,703.97                7/31: 24,646                   7/31: 65,792
8/31: 5,651.70                8/30: 27,199                   8/31: 71,970
9/31: 8,039.01                9/31: 30,664                   9/30: 72,466
10/31: 7,803.49              10/31: 33,343                 10/31: 72,288
11/30: 9,531.28              11/30: 35,249                 11/30: 80,093
12/31: 9,296.79              12/31: 39,079                 12/31: 84,002



4/30: 96,128

Getting close to finishing my renovation of our house. Hopefully moving in this month! Then i will be able to speed up my saving process again. This gain is all just market gains.

Congrats to @haypug16 and @JCGreen I will be seeing you in the next thread here in a couple of months hopefully!

Spread sheet is updated and ready to be filled in:
https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?usp=sharing
« Last Edit: May 03, 2021, 07:34:05 AM by bcbaseballman »

Slanhirn

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Re: Race from 10 to 100k!!
« Reply #3518 on: May 04, 2021, 05:53:09 AM »
Missed the April update, tracking full net worth.

EOY 12.2016 - (-10,250)
EOY 12.2017 - 4,360
EOY 12.2018 - 40,620
EOY 12.2019 - 62,523
EOY 12.2020 - 82,420
01.2021 - 84,647 (+2,227)
02.2021 - 86,456 (+1,809)
03.2021 - 88,885 (+2,429)
04.2021 - 90,615 (+1,730)
05.2021 - 91,865 (+1,250)

Assets = 92,542
Student loans = (677)

Only a few more months and my student loans will be paid off - exciting! Definitely feeling like I'm in the home stretch to 100K now (goal for 100K is September).

TyGuy

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Re: Race from 10 to 100k!!
« Reply #3519 on: May 04, 2021, 10:21:47 AM »
Student Loan Debt:

01/12/19: $43,762
05/04/20: $21,456
11/09/20: $21,456
05/04/21: $21,456


Net Worth:

03/04/19: -$30,065
05/04/20: $10,739
06/05/20: $18,006 ($7,267)
07/05/20: $8,594 (-$9,412)
08/05/20: $9,084 ($490)
09/01/20: $13,497 ($4,413)
10/01/20: $12,283 (-$1,214)
11/01/20: $15,692 ($3,409)
12/05/20: $19,528 ($3,836)
01/01/21: $21,735 ($2,207)
02/03/21: $21,870 ($135)
03/01/21: $23,417 ($1,547)
04/02/21: $33,080 ($9,663)
05/04/21: $36,424 ($3,344)


Steady progress this month, happy with the continual forward movement!

TyGuy

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Re: Race from 10 to 100k!!
« Reply #3520 on: May 04, 2021, 10:24:57 AM »
Congrats @haypug16 @JCGreen @0tp @Rosy and anyone else I may have missed that recently graduated from this thread! Best wishes to you all on the next thread, I hope to see you there before you all move on!

EarlyInJourney

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Re: Race from 10 to 100k!!
« Reply #3521 on: May 04, 2021, 04:14:25 PM »
I haven't posted for a while, in part because my wife and I had our first child, but also because getting into positive net worth was so satisfying to me, while "merely" moving upwards in positive territory can feel less exciting, perhaps oddly.

Anywho, my track record from late 2017, when I discovered MMM/got serious about my finances, until now:

12/9/2017:
Federal student loan (6.25%): 56000
Navient student loan (4.75%):  5600
Credit cards (0% until Feb. 2019):  10600
car lease (face punch!):  4800
Total debt:  77000

Retirement health savings account:  7000
457B:  2500
Cash:  4000
Total assets: 13500

Net worth:  -63500


8/16/2018:

Federal student loan (6.25%): 56000
Navient student loan (4.75%):  0
Credit cards (0% until Feb. 2019):  12400
car lease (face punch!):  2800
Total debt:  71200 (reduction of 5800)

Retirement health savings account:  10400
457B:  8200
Cash:  2000
Total assets: 20600

Net worth:  -50600 (+12900)

2-26-2019
Federal Student Loan (6.25%):  55600
Credit cards (0% until 5-2019):  10261
Car lease:  1015
Total Debt:  66876

RHSA:  12544
457B:  18499
cash:  2000
Total assets:  33043

Net worth:  -33833 (+29667 since 12-9-2017)


11-27-2019
Federal Student Loan (6.25%):  53410
Credit cards (0% until 5-2019): 0 (!!)
Car lease:  0
Total Debt:  -53410

RHSA:  16706
457B:  32281
cash:  5900
Total assets:  +54887

Net worth:  +1477!!!    (+35,310 since 2-26-19, +64,977 since 12-9-2017)


5-4-2021
Federal Student Loan (6.25%):  52128 (in forbearance, with (non)payments being counted towards PSLF!)
Total Debt:  -52128

RHSA:  26547
457B:  83271
401K (opened late 2020): 5105
cash:  16300 (3k in Chase checking, 13k in CIBC online savings account for the higher interest)
Total assets:  +131223

Net worth:  +79095 (+77618 since 11-27-19, +142595 since 12-9-2017)

It's surreal to me that my net worth has increased by 77K in about a year and a half.  Having students loans go into the best kind of forbearance (payments that I -would have- made are counted towards the 120 total qualifying payments needed for Public Service Loan Forgiveness) has been very helpful in freeing up money that I can save, both in retirement accounts and cash. 

Also, quite tragically, my FiL passed away unexpectedly in February, and among other assets, left us his car.  So the cash I had been saving up for the last 18 months to purchase a vehicle can now stay in my high yield savings account, as an honest to god emergency fund.  It does feel good to have that cash cushion available, although of course I'm quite saddened by what made it possible.

As I said, the increase in net worth has been weird to me.  At least in part, this is due to my family being fairly poor my whole childhood (free lunches in school, etc.).  So it's strange to feel like I'm "living the American dream" in that my child(ren) will almost undoubtedly be raised in more privileged conditions than I was... It's mainly a gratifying feeling, but I do have some ambivalence about things...

Anyway, it's been good to take a look backwards and take a few breaths.  I wish all of you continued success in your own journeys!


mgardner88

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Re: Race from 10 to 100k!!
« Reply #3522 on: May 05, 2021, 10:10:12 AM »
7/1/2020: $46,295
8/1/2020: $49,461 (+3,166)
9/1/2020: $51,488 (+2,027)
10/1/2020: $52,753 (+1,265)
11/1/2020: $53,942 (+1,189)
12/1/2020: $56,152 (+2,210)
1/8/2021: $63,512 (+7,360)
2/5/2021: $67,571 (+4,059)
3/3/2021: $70,618 (+3,047)
4/2/2021: $74,861 (+4,243)
5/5/2021: $80,447 (+5,586)

Made it into the 80s! Wasnt expecting to reach that this soon :)

kaposzta

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    • Years Until FIRE Calculator
Re: Race from 10 to 100k!!
« Reply #3523 on: May 06, 2021, 07:45:33 AM »
Jan 01, 2020: $74,276
Jan 04, 2021: $83,207
Feb 05, 2021: $82,000 (-1.45%, -$1,207)
March 04, 2021: $81,655 (-0.42%, -$345)
April 01, 2021: $83,034 (+1.69%, +$1,379)
May 05, 2021: $86,068 (+3.65%, +$3,034)

Sigh, it was one my most expensive months, I paid a lot for hobby-related stuff (vintage computer magazines and books, sci-fi and fantasy books), bought vitamins, many gifts, etc. My investments reached rock bottom, at least I hope they did :) But anyway, I received payments for some sold domains (around $2700), and I got my yearly bonus (~$1.7k). Next month's paycheck will be nice as well, as payroll forgot to pay my 1 day overtime. In addition, my team received a large bonus after successfully finishing a project (I'm not sure about the details but the reward can be around $700).

What do I expect from May? It's going to be similar as April, as I've already paid around $400 for a vintage computer (ZX Spectrum+) and fighting fantasy books. These are more of an investment than a hobby, my plan is that when I get bored of my vintage computers I sell them, well, maybe not with a profit, but for the same amount I bought them. It's the same situation with books, vintage computer (and fantasy) books are very much in demand here in Hungary, so there will be always a buyer with a deep pocket.

In addition to my domain side business, I started something new. It's rather an experiment than a business. I've ordered 100+ ZX Spectrum game cassettes ($150 for the whole package) with the intention of later selling them, or trading them for gaming magazines that are missing from my collection. Maybe I'll get bored selling them one by one and I rather sell them with a loss, but it is an interesting experience (and I can play with these games until those get sold).

lifeandlimb

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Re: Race from 10 to 100k!!
« Reply #3524 on: May 07, 2021, 10:18:09 AM »
Joining so I don't feel so alone. I came across MMM around the end of 2019 while I had some credit card debt (which I've since paid off). Even though I've improved since then, I still get a bit down sometimes thinking about how far behind I am.

If 10-100k is the hardest stretch as they say, I'll need all the motivation I can get! I'm amazed seeing the numbers here. Hopefully I can hit 100k someday soon.

Dec 2019 $7,548   
Jan 2020 $7,379   
Feb 2020 $7,983   
Mar 2020 $11,952   
Apr 2020 $20,078   
May 2020 $27,255   
June 2020 $29,933   
July 2020 $28,764   
Aug 2020 $28,618   
Sept 2020 $28,864   
Oct 2020 $27,434   
Nov 2020 $39,641   
Dec 2020 $39,169   
Jan 2021 $42,748   
Feb 2021 $43,215   
Mar 2021 $45,100   
Apr 2021 $48,171   
May 2021 $49,227
« Last Edit: May 07, 2021, 10:29:04 AM by lifeandlimb »

mckaylabaloney

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Re: Race from 10 to 100k!!
« Reply #3525 on: May 07, 2021, 01:57:38 PM »
@lifeandlimb as someone who started more than $200k in the hole, I definitely understand feeling like there's a long, long way to go (and I also understand the regrets of prior choices that have contributed to current situations! when I think about where I could be today if I hadn't taken on all that debt...). All you can do is keep doing the right thing now, and make sure that Future You is proud of what Current You is doing. The results will come!

I'm not very far ahead of you -- I'm at a NW of ~$164k now (with loads of student debt still) -- but I'm already seeing how things can start to pick up steam quickly. After I started making a concerted effort, it took me more than 2.5 years to go from $12k invested to $100k, but just a year to go from $100k invested to $200k invested. I feel like I'm just at the beginning, still (especially relative to my goals), but it's very exciting to see how exponential growth can happen. You'll see it too, because you're doing the right things now. You got this!

lifeandlimb

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Re: Race from 10 to 100k!!
« Reply #3526 on: May 08, 2021, 10:36:02 AM »
@lifeandlimb as someone who started more than $200k in the hole, I definitely understand feeling like there's a long, long way to go (and I also understand the regrets of prior choices that have contributed to current situations! when I think about where I could be today if I hadn't taken on all that debt...). All you can do is keep doing the right thing now, and make sure that Future You is proud of what Current You is doing. The results will come!

I'm not very far ahead of you -- I'm at a NW of ~$164k now (with loads of student debt still) -- but I'm already seeing how things can start to pick up steam quickly. After I started making a concerted effort, it took me more than 2.5 years to go from $12k invested to $100k, but just a year to go from $100k invested to $200k invested. I feel like I'm just at the beginning, still (especially relative to my goals), but it's very exciting to see how exponential growth can happen. You'll see it too, because you're doing the right things now. You got this!

Thanks so much @mckaylabaloney ! In mid-2019 I had a negative net worth so at least I've come a long way. Congrats on on 100k and the ensuing momentum!

YarnBudget

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Re: Race from 10 to 100k!!
« Reply #3527 on: May 12, 2021, 09:23:58 AM »
EOY 2019 = $32,211.58
Jan 2020 = $33,874.65 (+ $1,663.07)
Feb 2020 = $36,738.94 (+ $2,864.29)
Mar 2020 = $31,221.02 (- $5,517.92)
April 2020 = $41,641.53 (+ $10,420.51)
May 2020 = $45,506.49 (+ $4,864.96)
June 2020 = $49,273.35 (+ $2,766.86)
July 2020 = $55,277.20 (+ $6,003.85)
August 2020 = $62,157.20 (+$6,880.00)
September 2020 = $62,633.06 (+$475.86)
October 2020 = $63,523.68 (+$890.62)
November 2020 = $73,608.36 (+$10,084.68)
December 2020 = $79,741.14 (+$6,132.78)
January 2021 = $82,136.05 (+$2,394.91)
February 2021 = $87,168.43 (+$5,032.38)
March 2021 = $94,241.61 (+$7,073.18)
April 2021 = $102,121.70 (+$7,880.09)

Whoops, last time I posted an update was in August, apparently, but I seem to have graduated! Moving on up to the next thread (hopefully permanently, but we'll see where this month takes us I guess)

GatorNation

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Re: Race from 10 to 100k!!
« Reply #3528 on: May 15, 2021, 05:06:43 AM »
Jan 1, 2020- ($106,695.56)
Dec 1, 2020- $16,441.11   
Jan 1, 2021-  $26,005.07   
Feb 1, 2021-  $38,479.28
Mar 1, 2021-  $50,563.25
Apr 1, 2021- $78,703.27
May 1, 2021- $97,225.14

Almost there!

We have done it.  As for this morning, our net worth is $101,183.45.  See you all in the other thread.

FinanceFreaky

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Re: Race from 10 to 100k!!
« Reply #3529 on: May 16, 2021, 03:47:08 AM »
After reading only, I would like to also share my progression in this topic. Feels like I have a loooong ride to go. Let's start in May.

Code: [Select]
May 2021: 10.132,41

Could someone help me how this works? Do you guys post your progress in this topic every month or only twice a year?
« Last Edit: May 24, 2021, 07:24:40 AM by FinanceFreaky »

mckaylabaloney

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Re: Race from 10 to 100k!!
« Reply #3530 on: May 16, 2021, 07:57:44 AM »
Could someone help me how this work? Do you guys post your progress in this topic every month or only twice a year?

It's up to you! Many people in these "Race to whatever" threads post updates once a month (often on or near the first of the month). But you can do whatever is useful for you!

FinanceFreaky

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Re: Race from 10 to 100k!!
« Reply #3531 on: May 16, 2021, 08:05:08 AM »
Could someone help me how this work? Do you guys post your progress in this topic every month or only twice a year?

It's up to you! Many people in these "Race to whatever" threads post updates once a month (often on or near the first of the month). But you can do whatever is useful for you!
Thanks! 👏🏻

lifeandlimb

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Re: Race from 10 to 100k!!
« Reply #3532 on: May 17, 2021, 10:22:53 AM »
Congratulations @YarnBudget and @GatorNation ! ヘ( ^o^)ノ\(^_^ )

hal

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Re: Race from 10 to 100k!!
« Reply #3533 on: May 24, 2021, 02:40:14 PM »
Jan 1, 2020- ($106,695.56)
Dec 1, 2020- $16,441.11   
Jan 1, 2021-  $26,005.07   
Feb 1, 2021-  $38,479.28
Mar 1, 2021-  $50,563.25
Apr 1, 2021- $78,703.27
May 1, 2021- $97,225.14

Almost there!

We have done it.  As for this morning, our net worth is $101,183.45.  See you all in the other thread.

Congrats @GatorNation 
What amazing progress!

Stubblestache

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Re: Race from 10 to 100k!!
« Reply #3534 on: May 28, 2021, 02:05:54 AM »
July 2018: 20,385
October 2018: 24,504
January 2019: 25, 295
April 2019: 33,844
July 2019: 38,667
October 2019: 38,588
January 2020: 43,260
April  2020:  38,094
July 2020: 49,062.35
August 2020: 50,172 just over halfway! :)
Sept 2020: 55,556
Oct 2020 : 56,42
Nov 2020: 57.565 absolute hammering in the markets this month!!!
Dec 2020 : 62,368
Jan 2021 64,542
Feb 2021 66,616 Markets fell out a bit this week and I had a dabble in the Gamestop mania (came out unscathed but slightly up to entry).
March 2021 67,305 - I was over 70k earlier this month! Markets have completely shit the bed. Look forward to looking back at this in X number of years and it barely even registering as a dip in the market.
April 2021 71,137  - Some significant changes are underway. I've invested 1.5k into cryptocurrencies (roughly 2% of portfolio), I've got some fairly expensive elective surgery coming up that will put a dent in savings for the next few months AND our first child is on the way, so who knows what that means for my savings plans! :)
May 2021 75,325

June 2021 73,732

Slanhirn

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Re: Race from 10 to 100k!!
« Reply #3535 on: May 28, 2021, 09:49:03 AM »
Tracking full net worth

EOY 12.2016 - (-10,250)
EOY 12.2017 - 4,360
EOY 12.2018 - 40,620
EOY 12.2019 - 62,523
EOY 12.2020 - 82,420
01.2021 - 84,647 (+2,227)
02.2021 - 86,456 (+1,809)
03.2021 - 88,885 (+2,429)
04.2021 - 90,615 (+1,730)
05.2021 - 91,865 (+1,250)
06.2021 - 93,664 (+1,799)

Assets = 94,117
Student loans = (453)

mountain mustache

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Re: Race from 10 to 100k!!
« Reply #3536 on: May 28, 2021, 01:51:39 PM »
10/02/2020- $14835.83
11/13/2020- $16110.56
12/11/2020- $16675.72
01/08/2021- $19310.15
01/22/2021- $20533.24
02/05/2021- $21534.62
03/08/2021- $23372.12
04/02/2021- $26218.04
05/01/2021- $29057.55
06/01/2021- $30095.43

Just barely squeezed in over $30K after being paid today. This number might be flat for a few months as I finally reached a 6 month E-Fund and a few other savings goals, and have a few car/home things I need to fix that I've been putting off.

Tinker

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Re: Race from 10 to 100k!!
« Reply #3537 on: May 29, 2021, 07:34:54 AM »
Meh month for my stocks.
On top of the regular monthly stock investment i threw 1000 at ETH and BTC when they went down last week, putting my crypto exposure back up to 5% of my... assets? Can i call these assets, yet? :')

End of month totals: pretty much identical to last month. ~59k / 71k $

Serendip

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Re: Race from 10 to 100k!!
« Reply #3538 on: May 29, 2021, 10:52:30 PM »
Dec '17    18,146
Jan '18     23,607
Dec '18    48,380
Dec '19    60,746
Jan '20     63,186
May '20    62,300
June '20   63,000
July '20    58,562
Oct '20     60,900

Dec '20   62,900
Jan '21    65,400
Feb '21    67,600
Mar '21    68,750
Apr '21    72,858
May '21  75,068

*getting there, 3/4 of the way!
Bought some camping gear this month and work was slow but still managed to put some good savings away.


Tass

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Re: Race from 10 to 100k!!
« Reply #3539 on: May 30, 2021, 10:47:19 PM »
20172018201920202021
January$12.1k$24.7k$49.0k$76.2k
February$13.6k$27.2k$46.5k$79.0k
March$15.1k$29.3k$42.7k$82.6k
April$16.6k$31.3k$47.5k$87.3k
May$17.7k$31.5k$50.6k$88.2k
June$18.5k$33.3k$53.5k
July$6.2k$20.2k$35.1k$58.5k
August$6.8k$20.8k$36.7k$63.0k
September   $8.2k$22.2k$38.6k$63.2k
October$9.0k$21.7k$40.2k$62.9k
November$9.9k$22.5k$42.6k$69.9k
December$11.1k   $22.4k   $44.6k   $75.0k   

Slightly premature update. Still projecting $99k at the end of December.

Ze Stash

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Re: Race from 10 to 100k!!
« Reply #3540 on: May 31, 2021, 07:48:20 AM »
Net worth:
01/01/2019: -    109,47
01/02/2019:      269,41 (+   378,88 )
01/03/2019:      890,47 (+   621,06 )
01/04/2019:   1.767,70 (+   877,23 )
01/05/2019:   3.755,46 (+1.987,76 )
01/06/2019:   4.814,83 (+1.059,37 )
01/07/2019:   5.959,50 (+1.144,67 )
01/08/2019:   7.116,94 (+1.157,44 )
01/09/2019:   9.855,39 (+2.738,45 )
01/10/2019:   9.718,18 (-    137,21 )
01/11/2019: 10.726,98 (+1.008,80 )
01/12/2019: 11.773,70 (+1.046,72 )
01/01/2020: 12.979,27 (+1.205,57 )
01/02/2020: 14.363,54 (+1.384,27 )
01/03/2020: 15.039,09 (+   675,56 )
01/04/2020: 15.456,74 (+   417,65 )
01/05/2020: 16.903,74 (+1.447,00 )
01/06/2020: 17.847,51 (+   943,77 )
01/07/2020: 19.991,35 (+2.143,84 )
01/08/2020: 23.859,77 (+3.868,42 )
01/09/2020: 27.705,58 (+3.845,81 )
01/10/2020: 28.348,92 (+   643,34 )
01/11/2020: 29.975,77 (+1.626,85 )
01/12/2020: 32.157,81 (+2.182,04 )
01/01/2021: 37.536,36 (+5.378,55 )
01/02/2021: 39.128,65 (+1.592,29 )
01/03/2021: 43.488,25 (+4.359,60 )
01/04/2021: 50.227,75 (+6.739,50 )
01/05/2021: 50.942,27 (+   714,52 )

01/05/2021: 45.969,23 (-4.973,04 )

First large decrease since I started the race, due to the fall in BTC. Savings were roughly 2.100 even though I already paid for flights for summer vacation however, so I'm very glad with how things are going. Hopefully not too long to cross 50k for the second and final time.

FinanceFreaky

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Re: Race from 10 to 100k!!
« Reply #3541 on: May 31, 2021, 12:48:20 PM »
01-05-2021: 24.632,41   
01-06-2021: 25.632,16 +999,75

Moved some money from savings to stocks and withdraw some money for the upcoming holidays.
« Last Edit: June 01, 2021, 11:21:52 AM by FinanceFreaky »

triple7stash

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Re: Race from 10 to 100k!!
« Reply #3542 on: May 31, 2021, 09:36:41 PM »
Tracking investing in SPN (which doesn't include roth)

12/28/2020 - $62,783
1/28/2021 - $67,335.21
2/28/2021 - $69,404
3/28/2021 - $71,869
4/28/2021 - $77,861
5/31/2021 - $79,885

Imma

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Re: Race from 10 to 100k!!
« Reply #3543 on: May 31, 2021, 09:59:11 PM »
April 2019: 10094.35
May 2019: 11629.87
June 2019: 12728.63
July 2019: 13021,33
August 2019: 10363,95
September 2019: 10338.28
October 2019: 11128.59
November 2019: 11227,46
December 2019: 11991,27
January 2020: 12576,72
February 2020: 11904,39
March 2020: 10425,32
April 2020: 11830,70
May 2020: 12154,67
June 2020: 14634,19
July 2020: 15345,09
August 2020: 16444,46
September 2020: 17108,60
October 2020: 16687,93
November 2020: 17762,62
December 2020: 19386,94
January 2021: 20649.69
February 2021: 22021,64
March 2021: 22763,55
April 2021: 23866,70
May 2021: 25689.77

Goals for 2021:
Savings: 10.000
Investments: 25.000


25% of the way there! It took me the best part of 2 years to go from 10% to 20% but from 20% to 25% has only been a couple of months. Another low-spend month, spent about 825. That's about as low as it gets, as about 300 of that is health-related. I bought a new to me dress for when I need to get into work again in a few weeks and that cost 15, plus some hobby and gardening supplies that together cost less than 100. The dress was a great find, it still had tags and I already own that same Benetton dress in a different colour (bought new for 35-ish a couple of years ago). That dress is one of my favourites and great quality. 

Dutch Comfort

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Re: Race from 10 to 100k!!
« Reply #3544 on: June 01, 2021, 01:29:06 AM »
Tracking investments, emergency fund and additional pension investments (all to be used to retire together with SO!)
(not tracking company pension investments, house value and current accounts / special project savings)

15 May 2020: EUR 17,034 (started tracking)
15 December 2020: EUR 23,325

31 January 2021: EUR 24,040
28 February 2021: EUR 25,103
31 March 2021: EUR 26,263
30 April 2021: EUR 27,109
31 May 2021: EUR 30,039
(2021 goal: EUR 35K)

A very good month! Due to holiday pay, so I know it might be a temporary increase. But I try to keep our holiday (in August) as cheap as possible, so this will not have a major impact on our savings. However, it is nice to see the crossing of the EUR 30K number! Still hoping to cross the EUR 35K this year, but this will be a stretch......(all depending on bonus payouts, but let's see how we move on).
Tax and insurance refunds were received, but we decided to put this to our mortgage. This will result in slightly lower payments every month, but also (more important) earlier repayment (I directed the repayments to count as decrease of term, so we shaved 6 months of our repayment of this particular mortgage part, which means that our monthly expenses in the future (when we are both retiring) will be significantly lower).


bcbaseballman

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Re: Race from 10 to 100k!!
« Reply #3545 on: June 01, 2021, 07:26:03 AM »

2018                             2019                              2020                            2021
1/31: (5949.05)              1/31: 13,493.35              1/31: 44,514                 1/31: 85,576
2/28: (5288.30)              2/28: 15,766.50              2/29: 48,891                 2/28: 86,616
3/31: (4273.93)              3/31: 19,286                   3/31: 46,104                 3/31: 94,009
4/30: (2592.07)              4/30: 19,283                   4/30: 52,720                 4/30: 96,128
5/31: (629.70)                5/31: 18,676                   5/31: 55,177
6/30: 1,206.77                6/30: 22,362                   6/30: 59,720
7/31: 2,703.97                7/31: 24,646                   7/31: 65,792
8/31: 5,651.70                8/30: 27,199                   8/31: 71,970
9/31: 8,039.01                9/31: 30,664                   9/30: 72,466
10/31: 7,803.49              10/31: 33,343                 10/31: 72,288
11/30: 9,531.28              11/30: 35,249                 11/30: 80,093
12/31: 9,296.79              12/31: 39,079                 12/31: 84,002
Gain: 15,245.84                         29,783                            44,943

5/31/2021: 95,056

Went down some this last month but we are going to be moving in to the new house here in June! Rather stressed right now but the end is in sight.



Spread sheet is updated and ready to be filled in:
https://docs.google.com/spreadsheets/d/1aBcGP8d7UD2oJif5IMSY9xmi8sIcRWKYRUswL1FE-ZM/edit?usp=sharing
« Last Edit: June 09, 2021, 01:39:51 PM by bcbaseballman »

lifeandlimb

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Re: Race from 10 to 100k!!
« Reply #3546 on: June 01, 2021, 07:55:15 AM »
Dec 2019 $7,548   
Jan 2020 $7,379   
Feb 2020 $7,983   
Mar 2020 $11,952   
Apr 2020 $20,078   
May 2020 $27,255   
June 2020 $29,933   
July 2020 $28,764   
Aug 2020 $28,618   
Sept 2020 $28,864   
Oct 2020 $27,434   
Nov 2020 $39,641   
Dec 2020 $39,169   
Jan 2021 $42,748   
Feb 2021 $43,215   
Mar 2021 $45,100   
Apr 2021 $48,171   
May 2021 $49,227
June 2021 $49,484

May was a slow paycheck month, but the net worth still went up, which is good. I was listening to a FI podcast that said even having five figures in retirement accounts is a landmark worth noting, so I've decided to feel happy about that.

LittleWanderer

  • Bristles
  • ***
  • Posts: 450
  • Location: USA
Re: Race from 10 to 100k!!
« Reply #3547 on: June 01, 2021, 08:17:15 AM »
May 2020 - $38,540
June 2020 - $39,514
July 2020 - $42,207
August 2020 - $44,045
September 2020 - $44,514
October 2020 - $45,564
November 2020 - $50,152
December 2020 - $52,356
January 2021 - $53,423
February 2021 - $54,304
March 2021 - $58,321
April 2021 - $61,745

May 2021 - $62,978

I bumped my 401K contributions up by 1% and my company is now kicking in another percent.  It's not much, but it's something!!

shrimpwd

  • 5 O'Clock Shadow
  • *
  • Posts: 65
  • Location: Georgia
Re: Race from 10 to 100k!!
« Reply #3548 on: June 01, 2021, 09:01:51 AM »
                       2018                2019                2020                2021                2022               
January$6,455-$14,460$34,473-
February--$14,991$36,257-
March--$14,632$38,256-
April-$10,960$13,884$47,021-
May--$17,011$52,533-
June--$19,255$54,094-
July--$20,358--
August--$21,993--
September--$23,312--
October--$24,777--
November-$13,466$26,407--
December$9,518-$30,697--

Slow and steady...

Imma

  • Magnum Stache
  • ******
  • Posts: 2958
  • Location: Europe
Re: Race from 10 to 100k!!
« Reply #3549 on: June 01, 2021, 10:59:53 AM »
May 2020 - $38,540
June 2020 - $39,514
July 2020 - $42,207
August 2020 - $44,045
September 2020 - $44,514
October 2020 - $45,564
November 2020 - $50,152
December 2020 - $52,356
January 2021 - $53,423
February 2021 - $54,304
March 2021 - $58,321
April 2021 - $61,745

May 2021 - $62,978

I bumped my 401K contributions up by 1% and my company is now kicking in another percent.  It's not much, but it's something!!

But in the long run it will be a fortune! I changed my job last year. My previous employer paid 50% of my pension premiums (it all works a bit different here) and my current employer pays 75%. I'm making a lot more so my premium has increased, but due to the change in employer contribution it's gone up only by about 100 pre-tax/month. And I'm saving up a LOT more than I used to do.