Author Topic: Race from 10 to 100k!!  (Read 1226242 times)

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 34
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #450 on: May 30, 2015, 06:07:40 AM »
Month turned out better than forecast. Up nearly $2k over last month. Slow but steady progress!

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.

fb132

  • Guest
Re: Race from 10 too 100k!!
« Reply #451 on: May 30, 2015, 06:31:51 AM »
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$ (as long as my investments don't go down) 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 (I love eating lobster, but so expensive) :)
« Last Edit: May 30, 2015, 06:44:59 AM by fb132 »

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 34
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #452 on: May 30, 2015, 06:39:59 AM »
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) :)

If you celebrate hard enough, you can relive hitting that $100k over and over again... with more celebrations each time!

ohyonghao

  • Pencil Stache
  • ****
  • Posts: 638
  • Age: 39
  • Location: Hillsboro, OR
Re: Race from 10 too 100k!!
« Reply #453 on: May 30, 2015, 10:10:07 AM »
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) :)

I'll let you know in a couple days :-D

Suit

  • Bristles
  • ***
  • Posts: 275
Re: Race from 10 too 100k!!
« Reply #454 on: May 30, 2015, 12:41:59 PM »

This month marks the end of one year of this challenge. How did you all fare?

I'm up about $48k since this started! At this rate I'll likely see 100k NW in 2017.

McStache

  • Bristles
  • ***
  • Posts: 341
Re: Race from 10 too 100k!!
« Reply #455 on: May 30, 2015, 03:16:29 PM »
I'm up $54k since the start of the challenge and am on track to see six figures by the end of the year.  Every month I see the dial move a bit, but it's crazy to step back and see that sort of year-to-year change.

bye-bye Ms. FancyPants

  • Stubble
  • **
  • Posts: 133
  • Location: Louisville, Ky
Re: Race from 10 too 100k!!
« Reply #456 on: May 30, 2015, 05:05:05 PM »
I want in (late I know) -investments (cash) only, beginning of the year = $53,940.00. May 2015 = $66,564.00. Looking to add another at least another $17,000 to total by the end of the year. Year end goal - $84,000.00. Man, wouldn't be nice to hit that 100,000 by the end of the year?? Hummmmmm. **side hustle, OT, re-budget**

SpareChange

  • Pencil Stache
  • ****
  • Posts: 706
Re: Race from 10 too 100k!!
« Reply #457 on: May 30, 2015, 09:24:25 PM »
I'll let you know in a couple days :-D

Haha. Quite fitting for the 1 year anniversary of the 'sheet. Congratulations!! :)

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.

I actually started tracking my NW in June, but the one year increase should be 53-54K, about 10k more than I thought I could muster!


minority_finance_mo

  • Pencil Stache
  • ****
  • Posts: 784
    • Minority Finance
Re: Race from 10 too 100k!!
« Reply #458 on: May 31, 2015, 07:20:58 AM »
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!!

tlps

  • 5 O'Clock Shadow
  • *
  • Posts: 7
Re: Race from 10 too 100k!!
« Reply #459 on: May 31, 2015, 09:07:34 AM »
Net worth increase of £761.48 for May 2015

from £2326.44 to £3087.92 increase of 32.7%.........3.1% of the way to £100k
« Last Edit: May 31, 2015, 09:18:03 AM by tlps »

SpareChange

  • Pencil Stache
  • ****
  • Posts: 706
Re: Race from 10 too 100k!!
« Reply #460 on: May 31, 2015, 10:04:12 AM »
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!

minority_finance_mo

  • Pencil Stache
  • ****
  • Posts: 784
    • Minority Finance
Re: Race from 10 too 100k!!
« Reply #461 on: May 31, 2015, 11:16:39 AM »
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!

Thank you! All thanks to MMM and the community :D

Wiggle

  • 5 O'Clock Shadow
  • *
  • Posts: 86
Re: Race from 10 too 100k!!
« Reply #462 on: June 01, 2015, 04:54:31 AM »
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)

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)

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 34
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #463 on: June 01, 2015, 05:15:46 AM »
Seems to be very consistent wiggle!

Pooplips

  • Bristles
  • ***
  • Posts: 462
  • Age: 37
Re: Race from 10 too 100k!!
« Reply #464 on: June 01, 2015, 06:38:39 AM »
3/9/15 - PC Net Worth $53,877
4/1/2015 - $60,080.00
5/1/2015 - $63,589.00

6/1/2015 - $65,962.00

ohyonghao

  • Pencil Stache
  • ****
  • Posts: 638
  • Age: 39
  • Location: Hillsboro, OR
Re: Race from 10 too 100k!!
« Reply #465 on: June 01, 2015, 10:17:51 AM »
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.

seanc0x0

  • Bristles
  • ***
  • Posts: 304
  • Location: Saskatchewan, Canada
Re: Race from 10 too 100k!!
« Reply #466 on: June 01, 2015, 10:29:32 AM »
Forum tells me I already posted this, but I'm sure not seeing it. So apologies if this is a repost.

Small but respectable increase this month, given all the things trying to suck up my gains. Up by ~$650 to $17 750, a gain of about 3.15%.

I've been trying to cut expenses without overly impacting the stuff I enjoy, but man is it getting hard. Especially with my wife on mat leave, the free cash flow is pretty tight.

Also, congrats ohyonghao for 'graduating'!

tarheeldan

  • Pencil Stache
  • ****
  • Posts: 907
  • Location: Plano, TX
Re: Race from 10 too 100k!!
« Reply #467 on: June 01, 2015, 12:01:04 PM »
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.

Congratulations, ohyonghao!!!

tarheeldan

  • Pencil Stache
  • ****
  • Posts: 907
  • Location: Plano, TX
Re: Race from 10 too 100k!!
« Reply #468 on: June 01, 2015, 07:19:03 PM »
This month marks the end of one year of this challenge. How did you all fare?

Net Worth went up 45k this year, and now over 14% of the way towards FI!

Suit

  • Bristles
  • ***
  • Posts: 275
Re: Race from 10 too 100k!!
« Reply #469 on: June 01, 2015, 07:28:39 PM »
4/30/15: $94,786.61
5/31/15: $100,323.89

Woot! Well done! Plan to join the 100k-250k posting now?

celticmyst08

  • Bristles
  • ***
  • Posts: 382
  • Age: 33
  • Location: Seattle, WA
Re: Race from 10 too 100k!!
« Reply #470 on: June 02, 2015, 10:14:43 AM »
5/31/14: $48,054.09
---
4/30/15: $94,786.61
5/31/15: $100,323.89

CONGRATS!! What an awesome achievement!

Our May numbers are in and:

March: 33,929.50, +11.15%
April: 36,544.04, +7.71%
May: 38,327.20, +4.88%

Our increase this month wasn't as big as I would have liked, but we paid ~$3k in tuition, so that's an expense that's worth it. :)

I had to go back and revise our NW for the year so far since I was getting conflicting numbers based on which software I used. I ended up just making a spreadsheet to track it manually. The March/April numbers I posted here previously were actually too low.

Next month we'll definitely hit the big 4-0! Exciting!
« Last Edit: June 02, 2015, 10:22:52 AM by celticmyst08 »

Wiggle

  • 5 O'Clock Shadow
  • *
  • Posts: 86
Re: Race from 10 too 100k!!
« Reply #471 on: June 03, 2015, 05:51:15 AM »
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.

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 34
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #472 on: June 03, 2015, 07:27:40 AM »
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.

Fiancee and I are gaining about what you are every month. It's about $2000 +/- market gains/losses. I think I will have some free time to devote to some side work in a couple of months that might help increase this number, but we'll see of course :).

tarheeldan

  • Pencil Stache
  • ****
  • Posts: 907
  • Location: Plano, TX
Re: Race from 10 too 100k!!
« Reply #473 on: June 04, 2015, 11:00:15 AM »
my networth has gone from -$52745 to -$23,782.18 in one year!

Stashing just around 29k in a year is awesome! Congrats!

tarheeldan

  • Pencil Stache
  • ****
  • Posts: 907
  • Location: Plano, TX
Re: Race from 10 too 100k!!
« Reply #474 on: June 04, 2015, 11:03:05 AM »
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 !!!

The most improved (largest absolute increase) goes to bokonon (83,473)!

The average (mean) increase was 36,320.42

The median increase was just a hair lower at 32,476.67

link_417

  • 5 O'Clock Shadow
  • *
  • Posts: 74
Re: Race from 10 too 100k!!
« Reply #475 on: June 04, 2015, 11:59:24 AM »
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 !!!


Congrats to everyone!  I look forward to joining the race January 1.

khotte

  • 5 O'Clock Shadow
  • *
  • Posts: 64
  • Age: 34
  • Location: Orlando, FL
  • Badass Mustachian Twins!
Re: Race from 10 too 100k!!
« Reply #476 on: June 05, 2015, 08:37:05 AM »
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.

Congrats ohyonghao! Now you can graduate to the: http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/ race!

MEJG

  • Bristles
  • ***
  • Posts: 276
  • Location: Northeast US
Re: Race from 10 too 100k!!
« Reply #477 on: June 05, 2015, 08:56:48 AM »
I've been on a LONG Hiatus from MMM.... Can I join even at negative NW?

End of May:  -$59,533.84

SpareChange

  • Pencil Stache
  • ****
  • Posts: 706
Re: Race from 10 too 100k!!
« Reply #478 on: June 05, 2015, 10:00:01 AM »
I've been on a LONG Hiatus from MMM.... Can I join even at negative NW?

End of May:  -$59,533.84

Of course! :)

ohyonghao

  • Pencil Stache
  • ****
  • Posts: 638
  • Age: 39
  • Location: Hillsboro, OR
Re: Race from 10 too 100k!!
« Reply #479 on: June 05, 2015, 06:09:13 PM »
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/ race!

Sweet, I was wondering what to do next, the $1million NW isn't very interesting to me since my long term plan includes moving to a place with a cost of living that can be sustained on a 4% SWR with $300k :-D

khotte

  • 5 O'Clock Shadow
  • *
  • Posts: 64
  • Age: 34
  • Location: Orlando, FL
  • Badass Mustachian Twins!
Re: Race from 10 too 100k!!
« Reply #480 on: June 05, 2015, 06:39:00 PM »
Awesome! Where are you looking to move to?


Sent from my iPhone using Tapatalk

kpd905

  • Handlebar Stache
  • *****
  • Posts: 2029
Re: Race from 10 too 100k!!
« Reply #481 on: June 05, 2015, 06:50:16 PM »
I'm getting so close, we are at $80,000 in investments right now.  We are getting married in about 6 weeks, so I have been building up more cash than we need.  After the wedding I plan to max out both tIRAs for the year.  That plus 401k contributions will get us to $100,000 in either September or October.

bokonon

  • 5 O'Clock Shadow
  • *
  • Posts: 58
Re: Race from 10 too 100k!!
« Reply #482 on: June 06, 2015, 07:53:24 AM »
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

Congratulations to you ohyonghao and to all of us on an incredible year.  We saved over $1 million together!  I almost think it would be cool to keep updating your networth in the spreadsheet even after you hit 100k...imagine what our group numbers would look like after 10 years. 

I'm proud to be part of such an awesome group, keep up the good work everyone!

SpareChange

  • Pencil Stache
  • ****
  • Posts: 706
Re: Race from 10 too 100k!!
« Reply #483 on: June 06, 2015, 08:41:35 PM »
I'm proud to be part of such an awesome group, keep up the good work everyone!

+1

Mazzinator

  • Pencil Stache
  • ****
  • Posts: 588
  • Location: Pa, Ga, Fl, Pa, Az, Tn, Va, Hi, Va, Pa, NoVa
Re: Race from 10 too 100k!!
« Reply #484 on: June 08, 2015, 06:35:19 PM »
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!!

JLee

  • Walrus Stache
  • *******
  • Posts: 7509
Re: Race from 10 too 100k!!
« Reply #485 on: June 09, 2015, 02:15:53 PM »
Home values are climbing - comps are showing my house should be worth about $20k over what I paid for it less than 3 years ago. I also max'd my tiRA for 2015 - first IRA contribution ever (excluding rollovers)!

Liquid:
$6544.47

Vanguard:
$40,099.03

Franklin Templeton:
$3075.61

Home equity, assuming $160k value:
$32,635.23


Total $82354.34.  401k contributions are about $1600 a month and none have gone out for June yet. That should be roughly $11,200 (plus $1300+ in principal payments towards my house), putting me at $94854.34 plus market changes by year's end. :)
« Last Edit: June 09, 2015, 02:21:45 PM by JLee »

Wiggle

  • 5 O'Clock Shadow
  • *
  • Posts: 86
Re: Race from 10 too 100k!!
« Reply #486 on: June 26, 2015, 05:23:53 AM »
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)

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)

Bad month for me.  Fair amount of spending, some of it necessary but admittedly some of it frivolous (new DIY speaker kits I bought to build, going to rationalize it as a learning experience in woodworking and building skills but still not ideal).  I am glad to know however that even in a bad month for me I am still increasing networth.  Most people I know having a bad month means taking on more debt.

Pooplips

  • Bristles
  • ***
  • Posts: 462
  • Age: 37
Re: Race from 10 too 100k!!
« Reply #487 on: June 26, 2015, 07:01:23 AM »
3/9/15 - PC Net Worth $53,877
4/1/2015 - $60,080.00
5/1/2015 - $63,589.00
6/1/2015 - $65,962.00

Updating today because I will be out of town next week.

6/26/15 - $70,181

Making some serious progress now!

jooles

  • Stubble
  • **
  • Posts: 134
Re: Race from 10 too 100k!!
« Reply #488 on: June 26, 2015, 04:21:50 PM »
I'm in.  Just wanting to track how long it takes to add the next 100k to the NW. 

Aaand we're off!

Eristheunorganized

  • 5 O'Clock Shadow
  • *
  • Posts: 85
Re: Race from 10 too 100k!!
« Reply #489 on: June 29, 2015, 02:29:13 PM »
My last post was a little different from my mint snapshot; I don't tend to count my car and motorcycle when I look at my net worth. June wasn't very good for me; but I'm still going in the right direction. The debt is my chase freedom card.

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #490 on: June 29, 2015, 02:35:56 PM »
Ah Greece.

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.

Eristheunorganized

  • 5 O'Clock Shadow
  • *
  • Posts: 85
Re: Race from 10 too 100k!!
« Reply #491 on: June 29, 2015, 03:17:37 PM »
Yeah. Everything is about to be on sale. Good for me, bad for my portfolio's self esteem.

johnny847

  • Magnum Stache
  • ******
  • Posts: 3188
    • My Blog
Re: Race from 10 too 100k!!
« Reply #492 on: June 29, 2015, 04:01:09 PM »
Good for me, bad for my portfolio's self esteem.

Pfft screw that guy. Who cares about his self esteem ;)

fb132

  • Guest
Re: Race from 10 too 100k!!
« Reply #493 on: June 29, 2015, 04:20:51 PM »
Ah Greece.

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.
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.

Pooperman

  • Magnum Stache
  • ******
  • Posts: 2880
  • Age: 34
  • Location: North Carolina
Re: Race from 10 too 100k!!
« Reply #494 on: June 30, 2015, 07:29:49 AM »
Will know the results at the end of the day, but NW is way down. About $2,500 down due to an accident with the old car. As far as my accounting goes, it's worth nothing until it is sold, declared a total loss, or whatever.
« Last Edit: June 30, 2015, 08:01:47 AM by Pooperman »

celticmyst08

  • Bristles
  • ***
  • Posts: 382
  • Age: 33
  • Location: Seattle, WA
Re: Race from 10 too 100k!!
« Reply #495 on: June 30, 2015, 11:15:28 AM »
Won't know for sure until tomorrow, but my prelimary estimates look like our end of June number will be ~$42.6k. That's up 11% from last month. I can't wait to get the final numbers! I really think we can hit $60k by the end of 2015!

CanIndian

  • 5 O'Clock Shadow
  • *
  • Posts: 18
  • Location: GTA, Canada
Re: Race from 10 too 100k!!
« Reply #496 on: June 30, 2015, 09:31:08 PM »
I have been a perennial lurker on this forum and this is my first post. I hope you guys are open to let a complete noobie run along on this “everyone’s a winner” race. A detailed post or a journal is long overdue, but I will try to keep it short for this thread.

My professional life has been a mix of various financial mistakes. But a more serious NW journey started in a third world country post a grand wedding in 2011, with multiple debts totaling ~$35,000 (with interest rates ranging 13-18%) and a net worth of -15,000. I suppose marriage brings its own responsibilities and we started budgeting everything and tracking where we are spending, but were still conservative in our savings approach. DW and I started feeling our “hair on fire” and seriously attacked debt only in 2013 and cleared all the debt by Apr 2014. We hit positive NW in Dec 2012. This is how things went.

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
So that’s where things stand.
Half of it is in third world investments in RE(a land 25% under water due to some unexplainable political machinations), mutual funds (growing at a handsome 23%/annum) and govt pension schemes (growing at 8%).
Canadian NW stands at 30,500.
Inv:      29000
Cash like:   3500   
CC Bal:   2000 (paid in full every month)
I thought I would track the Canadian NW part alone, with the overall NW makes more sense to see how far I am along on FIRE target. If things go to plan I should hit the 100K mark in mar 2016 and hit 50K in Canadian investment accounts by Jan 2016. i.e. if the Greece melt down proves a no starter, who knows how deep the cut is if Greece is to exit the EU.

Phew!! that’s a long first post. I promise to keep it simple from next week.
« Last Edit: July 01, 2015, 01:39:16 PM by CanIndian »

SpareChange

  • Pencil Stache
  • ****
  • Posts: 706
Re: Race from 10 too 100k!!
« Reply #497 on: June 30, 2015, 11:20:45 PM »
Welcome to the new peeps!

Looks like Greece is taking a dump on much of our sheet this month, my row included. Still managed to be up 3350 despite the headwind.

Bart1ma3u5

  • 5 O'Clock Shadow
  • *
  • Posts: 49
Re: Race from 10 too 100k!!
« Reply #498 on: July 01, 2015, 04:21:17 AM »
June will be my first negative month since joining the thread, atleast on paper. The reality is much better though as there is a month's worth of hotels and travel costs from last month for work that are weighing me down heavily, when that is reimbursed hopefully in the next week or two (hopefully the market keeps falling in the meantime so I am making a larger than average purchase on the cheap ;)) I should jump back up quickly.

fb132

  • Guest
Re: Race from 10 too 100k!!
« Reply #499 on: July 01, 2015, 05:25:10 AM »
2015 Net worth:
January: 61 647,49$
February: 63 787,57$
March: 64 489,46$
April: 65 584,07$
May: 69 863,33
June: 69 561,33

For the first time this year, as predicted, my networth went down from the previous month and all this despite having saved 62,75% of my income. Like I predicted, my investments went down big time this month because of what's going on in Greece. I think I lost 1K$ this month if I combine all my investments.
« Last Edit: July 01, 2015, 05:52:22 AM by fb132 »

 

Wow, a phone plan for fifteen bucks!