Author Topic: Race from 100 to 250k  (Read 1342736 times)

Feivel2000

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Re: Race from 100 to 250k
« Reply #3350 on: December 16, 2020, 08:36:25 AM »
Just crossed the 100k... Happy to start reporting here in January.

lexde

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Re: Race from 100 to 250k
« Reply #3351 on: December 17, 2020, 12:42:17 PM »
07/17/2020: $103,981.86 (+$0.00)
07/31/2020: $106,885.86 (+$2,904.00)
08/17/2020: $111,111.20 (+$4,225.34)
08/31/2020: $112,706.75 (+$1,595.55)
09/11/2020: $114,004.80 (+$1,298.05)
09/25/2020: $113,644.95 (-$359.85)
10/09/2020: $114,192.23 (+$547.28)
11/06/2020: $117,270.42 (+$3,078.19)
12/04/2020: $126,995.87 (+$9,725.45)

12/18/2020: $128,658.77 (+$1,662.90)

I had to get some work done on my car and got 90% of my Christmas shopping done, still came up a bit short. I was counting on a Christmas bonus that my employer pulled out from underneath me to hit the 130K goal for Q4 2020. That's a whole other story, but in keeping perspective, I got very close and am thrilled with my progress this year. That was my last paycheck of the year, and my net worth has grown by $51,867.84 even with the insane expenses involved in buying and rehabbing my first property. I count myself INCREDIBLY lucky this year to remain gainfully employed and look forward to 2021!

Goals Breakdown
Q4 2020: $130k
Q1 2021: $145k
Q2 2021: $160k
Q3 2021: $175k
Q4 2021: $200k
Q1 2022: $215k
Q2 2022: $230k
Q3 2022: $250k.



Projected Graduation date: December 2022

Prior Progress: Race from 10 to 100k!

bloodaxe

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Re: Race from 100 to 250k
« Reply #3352 on: December 20, 2020, 06:11:41 AM »
March 2020: 78,000
April 2020: 91,000
May 2020: 106,000
June 2020: 115,000
July 2020: 125,000
September 2020: 145,000
October 2020: 157,076.76
November 2020: 170,592.07
December 2020: 186,935

Might hit 190k before the end of the year.

life_travel

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Re: Race from 100 to 250k
« Reply #3353 on: December 20, 2020, 10:16:21 PM »
This is my first " race to.." thread , I've been reading MMM since 2014 :)

We have implemented a few things, life happened, good things , bad things. Anyway I am in my mid 40s with a partner, joint accounts and investments.

I am going to be tracking our investments , outside retirement accounts only. Money in retirement accounts can't be accessed for a few years yet, it's growing steadily so I'll just let it be.

Money in outside investments will buy us freedom . It may be a slow race as my full time work got affected by Covid and I haven't worked since April , AND once I go back I really want to be part-time. My partner works full time but is not on a high wage ( around 60K).


Anyway, here we go:

December 21 2020 - $140,390

lexde

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Re: Race from 100 to 250k
« Reply #3354 on: December 30, 2020, 09:35:12 AM »
07/17/2020: $103,981.86 (+$0.00)
07/31/2020: $106,885.86 (+$2,904.00)
08/17/2020: $111,111.20 (+$4,225.34)
08/31/2020: $112,706.75 (+$1,595.55)
09/11/2020: $114,004.80 (+$1,298.05)
09/25/2020: $113,644.95 (-$359.85)
10/09/2020: $114,192.23 (+$547.28)
11/06/2020: $117,270.42 (+$3,078.19)
12/04/2020: $126,995.87 (+$9,725.45)
12/18/2020: $128,658.77 (+$1,662.90)

12/18/2020: $130,003.35 (+$1,344.58)

Bit of an odd situation, work offered to cut a paper check today (12/30) vs. making me wait until 1/4 for a direct deposit to hit. So I took it, of course, and managed to hit my Q4 2020 goal by a hair's breadth! Of course, my 401(k) contribution won't hit until the 4th, so the jump in NW is slightly smaller than usual but will jump up again by the next time I measure. January 2021 will be a 3 paycheck month so I can't wait to get those gains. :-) I need to build my savings back up, so the second paycheck of the month should go almost completely into savings which will be nice.

My renter is great and pays early, and I don't anticipate too much capex over the next few months which should give me plenty of breathing room to grow my net worth a little more quickly than anticipated. In the meantime, I'm trying new recipes and weekend activities to pass the time and enjoy life a little more, too. :-)

Goals Breakdown
Q4 2020: $130k Reached 12/30!
Q1 2021: $145k
Q2 2021: $160k
Q3 2021: $175k
Q4 2021: $200k
Q1 2022: $215k
Q2 2022: $230k
Q3 2022: $250k.



Projected Graduation date: December 2022

Prior Progress: Race from 10 to 100k!

edmundblackadder

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Re: Race from 100 to 250k
« Reply #3355 on: December 30, 2020, 09:07:30 PM »
End of year numbers:

18K cash (15K emergency fund)
142K in investments (20K in my IRA, 110 in my 403b, 10K in taxable, 1K in HSA)

Started the taxable and HSA this year (the HSA also has 2K they won't let me invest). Total net worth is 160K.

2019 is going to be about tracking expenses, I haven't done that very closely in a few years. If I can break 195K net worth by the end of the year, that will make me very happy.

2019 was an unstable year and I'm still recovering in some ways.

16K cash (11K emergency fund, 2K in a CD as the beginning of a CD ladder)
218K in investments (taxable account, tIRA, Roth IRA, rollover IRA, current 403b, HSA)

Total net worth is 234K. I'm pretty thrilled about that, given that I had some major unanticipated expenses and a lot of emotional upheaval this year. 2020 is going to be about continuing to track expenses and stick to my grocery budget. I can break 250K NW easy, and I'd love to get to 300K by the end of the year.

End-of-year for 2020, and my last post in this thread, _holy bananas_.

34.5K cash (checking and emergency fund accounts)
303K investments (CDs, tIRA, Roth IRA, HSAs, 403bs)

Total net worth is 337.5K.

So, uh, that happened. I've been very lucky in this terrible year; the job I got last year has been stable and was a substantial raise; I moved to a slightly-cheaper apartment partway through the year; my previous apartment waived some rent for a few months because of construction issues; I did not travel so that expense was completely gone; I was able to donate to charity and candidates and bail funds and tip generously on takeout and grocery delivery, which I got more than usual to support local businesses. At this point, I basically have a year's expenses in cash, which both feels like overkill and an absolutely necessary luxury in a terrifyingly unstable world. I have been really good about tracking expenses; I overshot my grocery budget consistently, but not by _that_ much, and it was (a) about the same every month and (b) in no small amount to aforementioned generous tipping.

I feel completely unprepared to make predictions about 2021. I very much hope to have travel expenses again; I want to lean into donations and mutual aid as much as possible. I'll see y'all in the next thread.
« Last Edit: December 31, 2020, 11:15:57 AM by edmundblackadder »

zeli2033

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Re: Race from 100 to 250k
« Reply #3356 on: December 31, 2020, 09:27:49 AM »
December Update

6/30/19: $106,071
7/31/19: $112,395
8/31/19: $116,527
9/30/19: $124,973
10/31/19: $135,196
11/30/19: $143,839
12/31/19: $150,705
1/31/20: $163,400
2/28/20: $156,457
3/31/20: $145,287
4/30/20: $163,919
5/31/20: $178,765
6/30/20: $185,289
7/31/20: $201,395
8/31/20: $222,183
9/30/20: $221,234
10/31/20: $225,329
11/28/20: $257,563 $221,148 (no longer counting cash)
12/31/20: $234,567 (+13419)

Hoping to hit $250k by end of Q1 2021.

philli14

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Re: Race from 100 to 250k
« Reply #3357 on: December 31, 2020, 10:57:01 AM »
1/10/18: 43,071
1/11/18: 46,223 (+3152)
1/12/18: 50,605 (+4382)

1/01/19: 57,786 (+7181)
1/02/19: 65,133 (+7347)
1/03/19: 71,695 (+6562)
1/04/19: 77,573 (+5878)
1/05/19: 86,088 (+8515)
1/06/19: 86,749 (+0661)
1/07/19: 95,468 (+8719)
1/08/19: 99,958 (+4490)
1/09/19: 103,810 (+3852)
1/10/19: 107,111 (+3301)
1/11/19: 112,338 (+5227)
1/12/19: 120,227 (+7889)

1/01/20: 127,304 (+7077)
1/02/20: 131,547 (+4243)
1/03/20: 125,438 (-6109)
1/04/20: 114,410 (-11028)
1/05/20: 131,316 (+16906)
1/06/20: 143,277 (+11961)
1/07/20: 149,491 (+6214)
1/08/20: 158,440 (+8949)
1/09/20: 170,460 (+12020)
1/10/20: 170,416 (-44)
1/11/20: 172,359 (+1943)
1/12/20: 193,043 (+20684)

1/01/21: 203,920 (+10877)

Pretty shocking, especially in the context of what 2020 has been. Beyond fortunate to be where I am right now, and to have been able to work all through the COVID environment.

zee dot

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Re: Race from 100 to 250k
« Reply #3358 on: December 31, 2020, 02:15:57 PM »
I'm back!  In September 2020 I bought a cabin. Hoping to graduate by the end of 2021.

9/2017 (168,529.23)
10/2017 (156,730.67)
12/2017 (155, 778.96)
1/2018 (146,335.62)
2/2018 (146,208.20)
3/2018 (90,769.56) annual bonus
4/2018 (83,753.06)
6/2018 (73,857.57)
9/2018 (61,215.95)
10/2018 (51,434.89)
12/2018 $90,683.73 (sold a house)
01/2019 $96,400.22
02/2019 $150,040.56 (annual bonus)
03/2019 $152,786.73
04/2019 $200,186.35
05/2019 $195,428.02
06/2019 $106,265.42 (bought an apartment for my mom)
09/2019 $133,351.70 (market movement, my own apt appreciated)
11/2019 $157,752.34
12/2019 $161,956.70
1/2020 $240,295.73 (raise, bonus, market movement)
2/2020 $233,248.37
3/2020 $210,091.77 (COVID-19 market movement)
4/2020 $239,976.10
5/2020 $254,753.20
6/2020 $267,135.65
7/2020 $285,722.37
8/2020 $304,363.96
9/2020 $153,230.49 (bought cabin)
10/2020 $161,197.31
11/2020 $192,106.43


Huskerfan

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Re: Race from 100 to 250k
« Reply #3359 on: December 31, 2020, 06:03:33 PM »
I’m jumping in this thread with a few ideas and thoughts in mind. I don’t plan to add house equity or extras like that. I’m not even going to add the spouse’s 401k. I’ll be solely tracking
My 401k and my Roth IRA Numbers to go toward the goal of $250k. I may add the savings account numbers later, but most of that pays toward the last of my mortgage and a basement remodel right now.

My stats:

Jul2019 — $101953
Aug2019 — $106277
Sep2019 — $111050
Oct2019 — $114791
Nov2019 — $120215
Dec2019 — $122692
Jan2020 — $120521
Feb2020 — $123625
Mar2020 — $124248
Apr2020 — $133240
May2020 — $145475
Jun2020 — $143581
Jul2020 — $151652
Aug2020 — $155546
Sep2020 — $149687
Oct2020 — $161159
Nov2020 — $182840
Dec2020 — $197090


Numbers updated thru the last day of the month.  I already reached my “temp check” of getting to $150k by the end of 2020.   So I’m happy about that.  But the numbers seem to far exceed where I thought I’d be.  I suppose that happens with over 40% gains this year. 

I was secretly pushing to hit $200k for the year, but it wasn’t in the cards.  I made a few moves in TSP at the end of the year that were a bit misguided and away from my normal plan. Lesson learned.

The gains I made this year were pretty much one of the few only good things about 2020.  I’ll hold onto that though.  I’m happy for sure.  My “temp check” had me hitting $179k for 2021.  I’ll have to rewrite that and I think my goal is to hit $230k now.  Here’s to a healthy and prosperous 2021!

alcon835

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Re: Race from 100 to 250k
« Reply #3360 on: January 01, 2021, 08:58:43 AM »
Note: all numbers are from the 1st of the month. Only tracking investments, no savings, assets, etc.

Jan 2020: $100,566
Jan 2021: $215,994 (+115,428) [+114.77%] <- 2020 gains

Year-to-date change: (+$0) [+0.00%]

My stretch goal for 2020 was to get past the $200k mark - and I did it and then some. Depending on how the stock market moves and how soon things start going "back to normal", I suspect I will easily hit my goal of $250k by July. In Q4, the family made some decisions to dramatically increase our savings rate and I expect 2021 to show significant bumps because of it.

The other thing I'm excited about is seeing the big jumps post $200k. That's the point I've heard multiple folks says the yearly growth starts to overtake yearly contributions. Fingers crossed on that one!

Here's to a new year with the same old financial goals.

Overview
                       2018                2019                2020                2021               
January$37,094$62,251$100,566$215,994
April$46,098$74,093$90,626 (COVID)-
July$59,013$82,898$136,291(Grad Goal)
October$63,418$85,605$170,871-
Annual gain$25,157$38,315$115,428-

peppermint

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Re: Race from 100 to 250k
« Reply #3361 on: January 01, 2021, 09:16:11 AM »
12/2019 - $107584.51
01/2020 - $110275.32
02/2020 - $112541.25
03/2020 - $111798.73
04/2020 - $104009.25
05/2020 - $110144.85
06/2020 - $117347.04
07/2020 - $127842.20
08/2020 - $130977.05
09/2020 - $137485.43
10/2020 - $138465.64
11/2020 - $140222.66
12/2020 - $150053.85
01/2021 - $156537.17

ASW

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Re: Race from 100 to 250k
« Reply #3362 on: January 01, 2021, 09:29:58 AM »
Tumultuous year, but ended up ahead of where I expected.  I think I'm on pace to graduate before I move this summer!

                       2018                2019                2020                2021               
January     $38,800$88,534$153,292$227,655
February$49,800$96,439$154,220-
March$55,707$107,387$121,400-
April$64,352$110,960$132,182-
May$68,097$117,622$152,737-
June$72,976$113,078$165,000(Grad Goal)
July$80,555$124,700$168,340
August$85,858$129,322$180,956
September$90,137$133,156$193,332
October$93,806$136,540$191,781
November$89,537$142,714$191,781
December$92,795$147,950$213,280
Annual gain$49,734$64,758$74,363

Optimiser

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Re: Race from 100 to 250k
« Reply #3363 on: January 01, 2021, 10:08:00 AM »
Dec 2017: -30,800
Dec 2018: -200
Dec 2019 $37,200
Nov 2020 $108,900

Dec 2020 $110,600

2020 was a wild ride, but we're up $73,400 from 2019!

zygote

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Re: Race from 100 to 250k
« Reply #3364 on: January 01, 2021, 11:21:54 AM »
For context: I'm 31 in a HCOL city. I'm married, but these are my own numbers since we keep our finances separate. Includes cash, retirement, and credit cards, which are used for normal expenses and paid off in full every month.

3/18: $48,533.91 (found MMM and started tracking)
3/19: $83,762.93
8/19: $101,572.33 (graduated to this thread)
3/20: $118,287.76 (-6,129.86, -4.93%)
4/20: $109,838.67 (-8,449.09, -7.14%)
5/20: $124,495.18 (+14,656.51, +13.34%)
6/20: $132,228.82 (+7,733.64, +6.21%)
7/20: $136,568.75 (+4,339.93, +3.28%)
8/20: $151,084.80 (+14,516.06, +10.63%)
9/20: $161,536.16 (+10,451.36, +6.92%)
10/20: $151,832.73 (-9.703.43, -6.01%)
11/20: $152,166.82 (+334.09, +0.22%)
12/20: $167,115.60 (+14,948.78, +9.82%)
1/21: $192,139.61 (+25,024.01, +14.97%)

I'm very grateful for the progress this month. It was a 27 paycheck year, and I got the last one yesterday. I also got an unexpected windfall from my parents, meant to be an early inheritance pass-down. Going to use some of it on a fun vacation when travel is safe again, but investing most of it.

mckaylabaloney

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Re: Race from 100 to 250k
« Reply #3365 on: January 01, 2021, 03:21:33 PM »
                       2018                2019                2020                2021               
January     $(170,956.12)$(80,750.78)$(4,484.13)$124,124.66
February$(166,849.63)$(72,922.02)$(4,647.56)-
March$(161,395.88)$(65,244.64)$398.59-
April$(156,590.44)$(57,807.71)$(9,003.54)-
May$(159,977.61)$(52,358.05)$8,209.01-
June$(154,655.48)$(52,769.97)$19,606.73-
July$(149,000.22)$(39,802.87)$26,480.37-
August$(143,758.38)$(35,751.08)$40,657.65-
September$(139,839.66)$(45,074.66)$52,868.32-
October$(136,009.14)$(54,949.47)$53,926.77-
November$(137,519.76)$(53,156.01)$61,241.09-
December$(132,193.25)$(52,946.03)$78,742.07-
Annual gain$90,205.34$75,902.65$128,972.79-

Very excited to be joining this thread! I still have six figures of student loans, but have been prioritizing retirement contributions for a few years, and it's definitely been paying off. I'm tracking total net worth.

If the markets are good this year, I may graduate next January. We'll see!
« Last Edit: January 02, 2021, 11:49:59 AM by mckaylabaloney »

alcon835

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Re: Race from 100 to 250k
« Reply #3366 on: January 01, 2021, 04:22:10 PM »
1/1/2021: $124,124.66

Very excited to be joining this thread! I still have six figures of student loans, but have been prioritizing retirement contributions for a few years, and it's definitely been paying off. I'm tracking total net worth.

If the markets are good this year, I may graduate next January. We'll see!

@ASW @alcon835 and others who are using tables comparing your year-to-year numbers -- how do you format those?

@mckaylabaloney - do a "quote" of my post and you'll see how it works. Use preview to validate everything formats correctly.

Gingersnaps

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Re: Race from 100 to 250k
« Reply #3367 on: January 02, 2021, 08:26:59 AM »
01/07/2020 - Ł75,523.86
01/08/2020 - Ł76,466.46
01/09/2020 - Ł79,690.65
01/10/2020 - Ł95,664.71
01/11/2020 - Ł97,515.00
01/12/2020 - Ł112,302.49
01/01/2021 - Ł114,965.12

Happy new year all! Having issues with one pension figure as can't log on and assume offices shut until every one is back to work. So should be a touch higher, will catch up next month instead

mbk

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Re: Race from 100 to 250k
« Reply #3368 on: January 02, 2021, 09:14:05 AM »
I am using this challenge for my retirement savings.

--------------------
12/31/16     107k
12/31/17     137k
12/31/18     110k
12/31/19     204k
-------------------
03/31/20     170k
06/30/20     220k
09/01/20     252k
10/01/20     247.7k
11/30/20     278k

12/31/20     290k

Considering myself graduated.

mckaylabaloney

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Re: Race from 100 to 250k
« Reply #3369 on: January 02, 2021, 11:21:30 AM »
@ASW @alcon835 and others who are using tables comparing your year-to-year numbers -- how do you format those?

@mckaylabaloney - do a "quote" of my post and you'll see how it works. Use preview to validate everything formats correctly.

Thank you!

FICurious

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Re: Race from 100 to 250k
« Reply #3370 on: January 02, 2021, 11:33:35 AM »

This will track only my investments and savings.

Apr 2011:  $49k
Jan 2013:  $80K 
Jan 2014:  $97k
Jan 2015:  $100k   
Jan 2016:  $103k   
Jan 2017:  $108k
Jan 2018:  $127k
Jan 2019:  $133k
Jan 2020: $171,809   

01 Dec 2020: $191,698

01 Jan 2021: $200,820

+29,011 for 2020.

Monthly Google Doc Tracker:  https://docs.google.com/spreadsheets/d/1Z8OcegKpbeNJoqSI0nzoBuypFKqDD7BT2SS60oFEeCw/edit#gid=0    *Just put in your numbers. Do not sort.*
[/quote]

Queen Frugal

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Re: Race from 100 to 250k
« Reply #3371 on: January 02, 2021, 12:06:04 PM »
2020 Investments    $169,634.07    45%    $52,877.36
2019 Investments    $116,756.71    73%    $49,430.81
2018 Investments    $67,325.90       

Goal: Graduate from this thread by year end 2022!

Evasion

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Re: Race from 100 to 250k
« Reply #3372 on: January 03, 2021, 03:24:38 AM »
20 Dec 18 - 37,800
1 Sept 20 - 100,406
1 Oct 20 - 100,147
1 Nov 20 - 106,985
1 Dec 20 - 116,193
1 Jan 20 - 118,784

Not such a good month but personal finance is not my priority at the moment. I've had a difficult year, and December is always a high spending month. Still on track with my plan, probably even a little early. Keen to get back on track and make even more progress in the next few months.

jiimmy

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Re: Race from 100 to 250k
« Reply #3373 on: January 03, 2021, 09:54:32 AM »
Dec 1st, 2019 $101,254
Jan 1st, 2020 $105,996
Feb 1st, 2020 $107,546
Mar 1st, 2020 $103,600
Apr 1st, 2020 $94,632
May 1st, 2020 $106,626
June 1st, 2020 $115,759
July 1st, 2020 $121,201
Aug 1st, 2020 $129,365
Sep 1st, 2020 $138,008
Oct 1st, 2020 $138,063

Missed a few months!

Nov 1, 2020 $140,562
Dec 1, 2020 $156,916
Jan 1, 2021 $165,589

Happy New Year!

windytrail

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Re: Race from 100 to 250k
« Reply #3374 on: January 03, 2021, 01:20:12 PM »
6/1 - $111,116
7/1 - $128,000
8/1 - $136,000
9/1 - $144,858
10/1 - $147,009
11/1 - $150,073
12/1 - $174,474
1/1 - $190,979

Very grateful for that end-of-year bonus!!!

Master of None

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Re: Race from 100 to 250k
« Reply #3375 on: January 03, 2021, 03:02:32 PM »
4/1/19-$102,995.86
5/1/19- $103,951.81
7/1/19- $110,074.26
8/1/19- $112,049.87
9/4/19- $111,441.64
11/1/19- $119,582.07
12/2/19- $124,511.64
1/2/20- $130,371.79
Buried my head in the sand the last few months, but now I've come out to check on my progress. Glad I ignored everything and just kept investing as planned.
2/3/20- $128482.56
3/1/20- $131004.08
4/1/20- $107340.93
5/1/20- $124514.08
6/1/20- $137013.82
7/1/20- $140654.19
8/3/20- $148634.10
9/1/20- $158343.22
10/1/20- $155,463.51- yuck...just keep swimming!
11/1/20- What the heck...I missed a month!
12/1/20- $175469.04
1/3/21- $184,692.76

Warlord1986

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  • Age: 38
Re: Race from 100 to 250k
« Reply #3376 on: January 03, 2021, 08:14:09 PM »
I just hit the $100,000 mark!

Investments: $73,781
State retirement system: $24,067
Savings account: $3,004
Total: $100,852

Boom, but I am awesome. :3

eav

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  • Age: 30
Re: Race from 100 to 250k
« Reply #3377 on: January 04, 2021, 06:45:08 AM »
October: $100,753
November: Forgot to check! ~$103,000
December: $110,900

January 2021: $115,301

Looking back at where I was last year in the new year, my assets were at $67,561, so I'm very proud of that increase. Happy new year!

Sugaree

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Re: Race from 100 to 250k
« Reply #3378 on: January 04, 2021, 08:14:14 AM »
5/1/2015     $4,419.53
5/1/2016     $15,689.46
5/1/2017     $34,125.20
5/1/2018     $51,663.60
5/1/2019     $64,340.45
5/1/2020     $106,341.84

6/1/2020     $113,372.31  (+$7,030.47   or +6.61%)
7/1/2020     $120,466.16  (+$7,093.85   or +6.26%)
8/3/2020     $127,953.51  (+$7,487.46   or +6.22%)
9/1/2020     $135,625.59  (+$7,672.08   or +6.00%)
10/1/2020   $137,342.47  (+$1,716.88   or +1.27%)
11/2/2020   $136,857.08  (-$1,000.24    or  -0.73%)
12/1/2020   $152,706.85  (+$15,849.77 or +11.58%)
1/4/2021     $161,879.87  (+$9,173.02   or +6.01%)


Not much to say.  Pretty good month, especially considering holiday spending.  I'm estimating a grad goal of 2/24/22.

lexde

  • Magnum Stache
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  • Age: 34
Re: Race from 100 to 250k
« Reply #3379 on: January 04, 2021, 01:39:23 PM »
07/17/2020: $103,981.86 (+$0.00)
07/31/2020: $106,885.86 (+$2,904.00)
08/17/2020: $111,111.20 (+$4,225.34)
08/31/2020: $112,706.75 (+$1,595.55)
09/11/2020: $114,004.80 (+$1,298.05)
09/25/2020: $113,644.95 (-$359.85)
10/09/2020: $114,192.23 (+$547.28)
11/06/2020: $117,270.42 (+$3,078.19)
12/04/2020: $126,995.87 (+$9,725.45)
12/18/2020: $128,658.77 (+$1,662.90)
12/18/2020: $130,003.35 (+$1,344.58)

01/04/2021: $132,674.01 (+$2,670.66)

SO's birthday is coming up so I may take a bit of a hit on that, but overall things are going really well and I'm on track to hit my Q1 goal of $145K.

Goals Breakdown
Q4 2020: $130k Reached 12/30!
Q1 2021: $145k
Q2 2021: $160k
Q3 2021: $175k
Q4 2021: $200k
Q1 2022: $215k
Q2 2022: $230k
Q3 2022: $250k.



Projected Graduation date: December 2022

Prior Progress: Race from 10 to 100k!

Fishing4FI

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  • *
  • Posts: 39
Re: Race from 100 to 250k
« Reply #3380 on: January 05, 2021, 05:47:00 AM »
August-18    $27k
September-18    $31k
October-18    $59k
November-18    $60k
December-18    $64k
January-19    $63k
February-19    $74k
March-19    $78k
April-19    $86k
May-19    $98k
June-19    $104k
July-19    $104k
August-19    $110k
September-19    $137k
October-19    $143k
November-19    $151k
December-19    $160k
January-20       $169k
February-20    $175k
March-20       $168k
April-20        $156k
May-20        $180k
June-20         $190k
July-20          $200k
August-20     $217k
September-20 $234k
October-20  $234k
November-20 $231k
December-20 $255k
January-21    $264k

Graduated last month but I believe it will stick after this month.  Took me roughly year and a half to complete this race.  Onwards and upwards! 

alcon835

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Re: Race from 100 to 250k
« Reply #3381 on: January 05, 2021, 07:34:43 AM »
Congratulations @Fishing4FI !!!!!

Sanitary Stache

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Re: Race from 100 to 250k
« Reply #3382 on: January 05, 2021, 08:31:18 AM »
I am joining the race.
5/31/2020          - $ 72,426
6/19/2020          - $ 82,681
8/6/2020            - $ 89,237
9/2/2020            - $ 93,346
10/6/2020          - $103,450
1/5/2021            - $114,837

JAYSLOL

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Re: Race from 100 to 250k
« Reply #3383 on: January 06, 2021, 09:54:14 AM »
2020
Jan 1 - 113.0
Feb 1 - 115.1 (+2,100)
Mar 1 - 110.4 (-4,700)
Apr 1 - 98.6 (-11,800)
May 1 - 107.5 (+8900)
June 1 - 115.5 (+8000)
July 1 - 118.4 (+2900)
Aug 1 - 127.3 (+8900)
Sept 1 - 128.8 (+1500)
Oct 1 - 126.3 (-2500)
Nov 1 - 123.0 (-3300)
Dec 1 - 126.0 (+3000)
2021
Jan 1 - 128.0 (+2000)

Well, 2020 is done and I only managed about half the usual increase compared to my last few years, but at least I’m still heading in the right direction.  Hoping to get to 160 by the end of 2021

ColoAndy

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Re: Race from 100 to 250k
« Reply #3384 on: January 07, 2021, 09:35:42 AM »
January 29, 2020------------$157,404.75
February 3, 2020------------$157,171.27
April 19, 2020----------------$153,349.63
May 11, 2020----------------$157,000.40
June 2, 2020-----------------$164,950.82
July 12, 2020----------------$168.681.81
August 14, 2020-------------$177,109.86
August 28, 2020-------------$182,107.05
September 12, 2020---------$180.475.44
November 11, 2020----------$192,778.07
December 5, 2020-----------$201,446.92
January 7, 2021--------------$207,111.50

tacticalteam4

  • 5 O'Clock Shadow
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  • Posts: 44
Re: Race from 100 to 250k
« Reply #3385 on: January 07, 2021, 02:14:32 PM »
Feb 2020: $73,400
...
Oct 2020: $174,695
Nov 2020 $187,998 +13,293
Dec 2020 $204,962 +16,974
Jan 2021 $214,801 +9,389

Lamancha

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Re: Race from 100 to 250k
« Reply #3386 on: January 07, 2021, 08:53:48 PM »
Jan 2020- 130,855
Feb 2020- 141,124
March 2020- 146,604
April 2020- 139,975
May 2020- 130,984
June 2020- 146,634
July 2020- 157,219
Aug 2020- 174,393
Sept 2020- 191,005
Oct 2020- 201,581

Nov 2020- 219,023

Dec 2020- 240,702

Jan 2021- 258,257
Looks like I graduated.  I don't post much, but all of you are an inspiration.  We really are doing it guys!  Good luck everyone and see you in the next thread.

Psyche

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Re: Race from 100 to 250k
« Reply #3387 on: January 07, 2021, 09:29:00 PM »
Quote
End of each fiscal year (08/31)
2013:    $40,287
2014:    $42,874
2015:    $65,235 
2016:    $77,445
2017:  $121,655   
2018:  $158,647
2019:  $137,632   
2020:  $187,023 (08/31/20)

09/30/20: $181,327
10/31/20: $180,649
11/30/20: $205,086
12/31/20: $233,235

My partner and I are just starting to combine finances, so I can't take credit for all of it anymore : (  But we'll certainly move a lot faster now!  Meanwhile, thanks, Mr. Market.

https://docs.google.com/spreadsheets/d/1Z8OcegKpbeNJoqSI0nzoBuypFKqDD7BT2SS60oFEeCw/edit#gid=0

JAYSLOL

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Re: Race from 100 to 250k
« Reply #3388 on: January 07, 2021, 09:33:35 PM »
Jan 2020- 130,855
Feb 2020- 141,124
March 2020- 146,604
April 2020- 139,975
May 2020- 130,984
June 2020- 146,634
July 2020- 157,219
Aug 2020- 174,393
Sept 2020- 191,005
Oct 2020- 201,581

Nov 2020- 219,023

Dec 2020- 240,702

Jan 2021- 258,257
Looks like I graduated.  I don't post much, but all of you are an inspiration.  We really are doing it guys!  Good luck everyone and see you in the next thread.

Congrats!  I’d say see you in the next thread, but with your speed I think you might not be there by the time I get there, lol

alcon835

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Re: Race from 100 to 250k
« Reply #3389 on: January 08, 2021, 07:29:59 AM »
Jan 2020- 130,855
Feb 2020- 141,124
March 2020- 146,604
April 2020- 139,975
May 2020- 130,984
June 2020- 146,634
July 2020- 157,219
Aug 2020- 174,393
Sept 2020- 191,005
Oct 2020- 201,581

Nov 2020- 219,023

Dec 2020- 240,702

Jan 2021- 258,257
Looks like I graduated.  I don't post much, but all of you are an inspiration.  We really are doing it guys!  Good luck everyone and see you in the next thread.

That's awesome!!! Congratulations!!!!

CanadianTeacher

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Re: Race from 100 to 250k
« Reply #3390 on: January 09, 2021, 09:59:07 AM »
Not a bad month considering I bought myself a $7000 treat :) Will be slowing down spending to play catch up. Hoping to end the school year off with $185,000... maybe cross over $200,000 if my investments do particularly well.

January 2018: $18,944.35
February 2018: $22,047.46
March 2018: $23,463.61
April 2018: $24,224.19
May 2018: $26,173
Jun 2018: $29,519.62

October 2018: $29,676.50
November 2018: $32,923.90
December 2018: $34,394.85
January 2019: $39,825.43
February 2019" $43,508.66
April 2019: $48,394.91
July 2019: $80,041.52
December 2019: $86,963.15

January 2020: $96,301.56
February 2020: $101,272.15.
March 2020: $102,362.65
April 2020: $98,415.77
May 2020:$111,832.84
June 2020: $116,958.23
July 2020: $125,945.15
August 2020: $130,494.78
September 2020: $136,844.71
October 2020: $131,422.24
November 2020: $133,493.15
December 2020: $147,149.14

January 2021: $149,313.19

Naomi

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Re: Race from 100 to 250k
« Reply #3391 on: January 11, 2021, 11:08:35 PM »
I'm not sure how to format this... I'm tracking only  investments - debt (mortgage included) to keep it simple. This was a huge increase compared to the previous year. Net worth was $25,000 (267 investments - 242 debt). It will be interesting to see how this year goes.

2021   net worth   investments   debt
jan   $144,900   $367,500   $222,600


         

aliene

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Re: Race from 100 to 250k
« Reply #3392 on: January 11, 2021, 11:44:21 PM »
August 2020 - 101.700
Sept 2020    - 109.200 (+7,4%)
Oct 2020      - 111.200 (+1,8%)
Nov 2020     - 118.900 (+6,9%)
Dec 2020     - 124.300 (+4,5%)
Jan 2021      - 130.900 (+5,3%)

Progress will go slower coming year. I'm only tracking investments and we're currently saving for our down payment and are lowering monthly investments.

Cezil

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  • Age: 37
  • Location: Great Lakes region
Re: Race from 100 to 250k
« Reply #3393 on: January 12, 2021, 06:44:14 AM »
                       2016                2017                2018                2019                2020                2021               
January     -$39,268.86$65,122.37$81,866.77$115,567.59-
February-$40,863.10$67,352.98$87,222.31$111,573.16-
March-$42,371.10$66,410.59$88,865.95$99,504.35-
April-$43,864.83$65,377.11$93,050.94$111,360.82-
May-$44,450.52$68,032.74$91,719.70$118,208.83-
June-$47,031.44$68,405.97$95,665.54$122,592.19-
July-$48,401.46$70,232.18$99,502.49$128,466.93-
August-$49,222.48$72,016.38$98,339.71$137,931.07-
September-$51,435.45$73,657.42$102,459.81$134,150.29-
October-$52,990.22$71,492.09$104,199.94$135,243.05-
November-$55,388.92$75,678.29$109,178.17$150,933.68-
December$32,870.70 $58,271.55$72,493.16$111,642.78$159,144.91-
Annual gain$32,870.70$25,400.85$14,221.61$39,149.62$47,502.13-

cassafrass

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Re: Race from 100 to 250k
« Reply #3394 on: January 12, 2021, 09:24:29 AM »
Well, 2020 turned out pretty well for us financially and for that I am very grateful. I was able to keep working as normal, my husband's new business has been more successful than we expected, and we saved lots of money on childcare expenses while I juggled working from home with the kids.

Not sure what's in store for us in 2021. The kids will probably start back at daycare this spring which will be a hit to our savings rate. My husband and I are considering investing in a rental property (my preference) or a flip (his preference) this year if we can find a good deal. We'll see how things turn out.

A belated Happy New Year to all!

Date     
Net Worth     Annual Gain
Dec 2018     $56,494
-
Dec 2019     $86,259
$27,765
Dec 2020     $154,779
$68,520

Date     
Net Worth     
Monthly Gain
Jan 2021     -
-
Feb 2021     -
-
Mar 2021     -
-
Apr 2021     -
-
May 2021     -
-
Jun 2021     -
-
Jul 2021     -
-
Aug 2021     -
-
Sept 2021     -
-
Oct 2021     -
-
Nov 2021     -
-
Dec 2021     -
-

2021 Gain: -
Projected Graduation: Apr 2022

ontheheel

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Re: Race from 100 to 250k
« Reply #3395 on: January 13, 2021, 09:03:45 AM »
After I posted this, we did a 1031 exchange from one to two properties in a different state, which drained a bunch of cash. We also fell off the wagon with budgeting for several months, which didn't help. We dipped back below $100k, and got as low as $82k by Christmas of 2018. One month later, we moved to a new duty station, found a rental for significantly less than my housing allowance, and got back on track. Now sitting at $241k, and likely to cross $250k by the end of Q1. A promotion is coming later this year, followed by two raises early next year, so the future is looking bright.

Breakdown is roughly:
$110k rental properties (equity minus mortgages)
$118k Portfolio (mostly in pre tax accounts)
$41k Cash (Checking, savings, business checking)
-$16k Student Loan
-$12k Credit Card (we pay balances in full every month, unusually high this month due to MS prepaying expenses and odd due dates)

Plan for 2021 is to continue to max out TSP contributions, and max out my IRA, as well as padding our emergency fund and paying for an engine rebuild on my Jeep. 2022 will max out TSP, two IRAs, and start working on taxable account. Our rental properties cash flow about $500/mo, and now that we've got six months' rent saved in the business account, that money will start funding our next down payment on house number three.

Currently have a significant negative tax liability, but that will be harder to maintain as income increases in the next few years, and I run out of places to shelter money.

2019
January $87k
February $95k
March $95k
April $98
May $95
June $104
July $106
August $115
September $118
October $134
November $136
December $143

2020
January $153 (Got back on YNAB after a few years off - this, along with market tailwinds made 2020 an amazing year)
February $159
March $152 (Market crash and start of recovery)
April $172
May $187
June $187 (Bought a 2012 Toyota Sienna for $8,200)
July $202
August $206
September $207
October $215
November $233
December $234

2021
January $241 (current)

While I effectively treaded water for two years, once our properties started performing, and we got serious with our budget again, things launched pretty quickly. Big market tailwinds in equity and property didn't hurt either.



Jumping in (totals are end of month totals):

July 2017 - $109,034
August 2017 - $116,145
September 2017 - $119,725

Snapshot in time, I'm looking at the following:
Liabilities:
$23k remaining on my wife's student loan
$81k remaining on investment property mortgage

Assets:
$27k equities (TSP, tIRA, ROTH IRA, Brokerage)
$11k cash
$188k rental property
« Last Edit: January 13, 2021, 09:09:42 AM by ontheheel »

alcon835

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Re: Race from 100 to 250k
« Reply #3396 on: January 13, 2021, 10:37:33 AM »
welcome back, @ontheheel and great job recovering from that big hit! Here's hoping you blow past 250k ASAP!

An Unassuming Moose

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  • Age: 31
  • Location: Variable
Re: Race from 100 to 250k
« Reply #3397 on: January 15, 2021, 06:43:09 AM »
Nov 20, 2019 -- $113,800
January 15, 2020 -- $120,900
February 15, 2020 -- $136,916
March 17, 2020 -- $65,556
April 15, 2020 -- $97,329
May 15, 2020 -- $106,497
June 15, 2020 -- $144,753
July 16, 2020 -- $168,424
August 15, 2020 -- $176,358
September 15, 2020 -- $212,832
October 15, 2020 -- $199,625
November 15, 2020 -- $225,026
December 15, 2020 -- $248,842
January 15, 2021 -- $263,111 $302,111

First update of 2021, and I noticed several happy things! Firstly, I'm officially out of this race! Secondly, my net worth is now a whole 4 times what it was ten months ago at the bottom of the pandemic, which is absolutely insane and mildly terrifying. Thirdly, I received a letter from my city notifying me of new tax rates for this year. Apparently housing prices are at an all time high so the city took the liberty of assessing my house at $39k higher than previously. While I will pay more in property taxes, it does shift my net worth up from $263k to $302k, and pushes me well out of this race!
See you all in the next one!

QuillScroll

  • 5 O'Clock Shadow
  • *
  • Posts: 59
Re: Race from 100 to 250k
« Reply #3398 on: January 15, 2021, 07:17:57 AM »
11/29/2019 - 101000
12/23/2019 - 107000
01/16/2020 - 112410
02/14/2020 - 120820
03/13/2020 - 101566
04/20/2020 - 124054
05/18/2020 - 131047
06/30/2020 - 147672
07/27/2020 - 158240
08/18/2020 - 164002
09/16/2020 - 172639
10/19/2020 - 187470
11/16/2020 - 197938
12/15/2020 - 212337

01/15/2021 - 230371

Progressing much faster than I thought thanks to market!!

Feivel2000

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  • Age: 39
  • Location: Germany
Re: Race from 100 to 250k
« Reply #3399 on: January 15, 2021, 03:26:29 PM »
110.053 €
+ 6.394 €

What a crazy month! Markets are way up (even though they are cooling down right now), same for Crypto. Doesn't feel normal.

My projection says that I'll reach 250k in late 2025. 5% interest and constant savings sounds realistic to me, but heavily depends on the markets. So I set my goal to something I can control: I am shooting for a 50% savings rate in 2021. This will also be interesting, since I am remodelling my flat and there will definitely some higher costs on the horizon.


2020
2021
2022
2023
2024
2025
Jan
110.053 €
Feb
Mar
Apr
May
Jun
Jul
87.134 €
Aug
88.989 €
Sept
90.473 €
Oct
90.093 €
Nov
96.957 €
Dec
103.130 €


Spoiler: show
        Assets
             
         Debts
             
Flat
+ 84.000 €
Mortage
- 75.952 €
Unit-Linked Life Insurance
+ 50.288 €
Fixed-Term Deposit
+ 2.000 €
ETFs
+ 30.346 €
Stockpicks
+ 8.990 €
Peer-To-Peer
+ 2.579 €
Crypto
+ 6.671 €
to-be-invested
+ 931 €