Author Topic: Race from 100 to 250k  (Read 393238 times)

solon

  • Handlebar Stache
  • *****
  • Posts: 1400
  • Age: 1818
  • Location: CO
Re: Race from 100 to 250k
« Reply #2200 on: December 05, 2018, 06:03:26 AM »

 1/2017  $88,615
 1/2018 $132,155
 2/2018 $138,015
 3/2018 $137,779
 4/2018 $148,093
 5/2018 $158,814
 6/2018 $161,284
 7/2018 $160,446
 8/2018 $168,222
 9/2018 $184,258
10/2018 $189,536
11/2018 $184,146
12/2018 $182,675


The strange thing is, I feel like we're doing really well. Income is up, saving is up. It just doesn't show in the net worth.

Here's the group spreadsheet: https://docs.google.com/spreadsheets/d/1Z8OcegKpbeNJoqSI0nzoBuypFKqDD7BT2SS60oFEeCw/edit#gid=0

RWD

  • Magnum Stache
  • ******
  • Posts: 2638
  • Location: Mississippi
Re: Race from 100 to 250k
« Reply #2201 on: December 05, 2018, 07:39:58 AM »
What's the consensus here on including value of rsu's for this thread? I don't plan to leave my employer unless I get multiples of rsu's elsewhere anyway.

Use your vesting schedule, maybe?

Check2400

  • Stubble
  • **
  • Posts: 144
Re: Race from 100 to 250k
« Reply #2202 on: December 05, 2018, 11:04:34 AM »
1/2018 $132,155
12/2018 $182,675


The strange thing is, I feel like we're doing really well. Income is up, saving is up. It just doesn't show in the net worth.

I suppose it is subjective to your income, but adding $50,000 in a year is a pretty good increase in the net worth.  Maybe you're experiencing the Mustachian equivalent of keeping up (savings) with the Jones'?

ItsALongStory

  • 5 O'Clock Shadow
  • *
  • Posts: 73
  • Location: Western US
Re: Race from 100 to 250k
« Reply #2203 on: December 05, 2018, 12:02:37 PM »
1/2018 $132,155
12/2018 $182,675


The strange thing is, I feel like we're doing really well. Income is up, saving is up. It just doesn't show in the net worth.

I suppose it is subjective to your income, but adding $50,000 in a year is a pretty good increase in the net worth.  Maybe you're experiencing the Mustachian equivalent of keeping up (savings) with the Jones'?

Agreed, growing NW by 50k is great, that's basically 2-4 times annual expenses if you plan to retire 10-20 years from now @ 7% market return.

ItsALongStory

  • 5 O'Clock Shadow
  • *
  • Posts: 73
  • Location: Western US
Re: Race from 100 to 250k
« Reply #2204 on: December 05, 2018, 12:03:34 PM »
What's the consensus here on including value of rsu's for this thread? I don't plan to leave my employer unless I get multiples of rsu's elsewhere anyway.

Use your vesting schedule, maybe?

Yeah I guess I could go about it that way as well. 1st world problem nonetheless.

solon

  • Handlebar Stache
  • *****
  • Posts: 1400
  • Age: 1818
  • Location: CO
Re: Race from 100 to 250k
« Reply #2205 on: December 05, 2018, 08:10:33 PM »
1/2018 $132,155
12/2018 $182,675


The strange thing is, I feel like we're doing really well. Income is up, saving is up. It just doesn't show in the net worth.

I suppose it is subjective to your income, but adding $50,000 in a year is a pretty good increase in the net worth.  Maybe you're experiencing the Mustachian equivalent of keeping up (savings) with the Jones'?

Agreed, growing NW by 50k is great, that's basically 2-4 times annual expenses if you plan to retire 10-20 years from now @ 7% market return.

Aw. You guys are sweet.

stimepy

  • 5 O'Clock Shadow
  • *
  • Posts: 88
  • Age: 34
  • Location: Middle of Nowhere
Re: Race from 100 to 250k
« Reply #2206 on: December 06, 2018, 12:03:44 PM »
DateFIREMediTotal NW% IncreaseNotes
6/1/2017$115,738 -
6/30/2017$117,232~ +1.29%
7/31/2017$119,087~ +1.58%
8/31/2017$123,218~ +3.47%
9/30/2017$123,886~ +0.54%
10/31/2017$125,468.75+1.28%
11/30/2017$124,036.64~-1.14%- Almost a new leap day  ;)
12/31/2017$130,952.23~5.58%- Side note: previous month didn't have tax liens so this % is a little skewed
1/31/2018$135,011.70~ 3.10%
2/28/2018$135,864.07~ 0.63%
3/30/2018$138,236.93~2.39%
4/31/2018$146,471.66~5.96%
5/31/2018$149,243.29~ 1.89%
6/29/2018$138,672.35$10,383.62$149,055.97~-.13%
7/31/2018$143,601.47$11,999.00$155,600.47~4.39%
8/31/2018$170,882.66$33,529.66203,882.32~31.37%
9/28/2018$175,228.25$33,941.00209,136.25~2.33%
10/31/2018$173,675.18$37,549.95$211,225.13~0.98%
Numbers based on Mint

11/30/2018 Fire: $175,846.66 + Medi  $43663.51 = $219,510.17 ~3.92%

Posting a little late as I have been out for the last several weeks. 
So realized my math was a little off, total number is correct but FIRE and Medi were off, mainly cause I left the mandatory saving account part of the HSA out of the medi calculation.  So, opps?  Corrected for ongoing calculations (though I could go back and work it as it's set number but just call me too lazy to care!).

Other then that steady as she goes.  My (unrecorded!) prediction of 220k by the end of the year looks like it's gonna be beaten but I think I can live with that.

Toad

  • Stubble
  • **
  • Posts: 177
Re: Race from 100 to 250k
« Reply #2207 on: December 07, 2018, 09:12:31 PM »
Maybe you're experiencing the Mustachian equivalent of keeping up (savings) with the Jones'?

I definitely get this every time I look at the spreadsheet.  No idea how some of you do it.  My % increase is among the lowest and my expenses are damn low.  Some people with higher NW than me are almost double where I am % wise which is insane.  I guess I am doing single player mode currently so maybe that has something to do with it.  Anyways, good job everyone, I will just be here in back bringing up the rear.

Lews Therin

  • Handlebar Stache
  • *****
  • Posts: 2212
  • Age: 28
  • Location: Ottawa
  • Used to be Canadian Ben
Re: Race from 100 to 250k
« Reply #2208 on: December 07, 2018, 10:36:10 PM »
Hating your job and being willing to do whatever it takes to keep expenses down low helps.

Toad

  • Stubble
  • **
  • Posts: 177
Re: Race from 100 to 250k
« Reply #2209 on: December 07, 2018, 11:38:14 PM »
Hating your job and being willing to do whatever it takes to keep expenses down low helps.

Already there.  Aren't we all?

ItsALongStory

  • 5 O'Clock Shadow
  • *
  • Posts: 73
  • Location: Western US
Re: Race from 100 to 250k
« Reply #2210 on: December 08, 2018, 08:28:38 AM »
Hating your job and being willing to do whatever it takes to keep expenses down low helps.

Already there.  Aren't we all?

I feel that thinking in MMM-like ways encourages people to focus on what is most important to them, even before the RE part of this journey. Maybe make a resolution for the new year that you will start looking elsewhere for jobs that offer a better situation for you, there are plenty of exciting jobs out there. Just don't settle because it's comfortable.

I'm also in single player mode but make good money so i'm still able to make decent progress despite that.

ardrum

  • Stubble
  • **
  • Posts: 156
  • Location: Ohio
Re: Race from 100 to 250k
« Reply #2211 on: December 08, 2018, 10:22:51 AM »
Maybe you're experiencing the Mustachian equivalent of keeping up (savings) with the Jones'?

I definitely get this every time I look at the spreadsheet.  No idea how some of you do it.  My % increase is among the lowest and my expenses are damn low.  Some people with higher NW than me are almost double where I am % wise which is insane.  I guess I am doing single player mode currently so maybe that has something to do with it.  Anyways, good job everyone, I will just be here in back bringing up the rear.

Sometimes I think it would be nice to somehow see a visual representation of how little the "below median" savings rate is (virtually nothing) in the general population to put it in perspective of how well we're all actually doing regardless of differences among us.  Comparing yourself to other Mustachians is like trying to stand out in the NFL or something haha!  We're shooting for the moon and landing among the Mustachian stars.  Keep up the good job! 

Toad

  • Stubble
  • **
  • Posts: 177
Re: Race from 100 to 250k
« Reply #2212 on: December 08, 2018, 05:46:30 PM »
Maybe make a resolution for the new year that you will start looking elsewhere for jobs that offer a better situation for you, there are plenty of exciting jobs out there. Just don't settle because it's comfortable.

It will happen next year out of necessity regardless.  My fiancee is in the bay area and will be for 4 more years.  She can't move in that time, so I will be heading out that way next year.  Kills me to do that since I am effectively doubling my spend moving to that area, but I just remind myself that the overall net is not a significant change since we are currently paying for 2 rents between us anyways.  Here's to hoping I will be FIRE in 4 years so I won't need a new job on the next move :) (my fiancee is a valid retirement plan, right?)

ItsALongStory

  • 5 O'Clock Shadow
  • *
  • Posts: 73
  • Location: Western US
Re: Race from 100 to 250k
« Reply #2213 on: December 08, 2018, 07:25:21 PM »
(my fiancee is a valid retirement plan, right?)

Hehe, my wife has been retired for a number of years is on a government pension that well exceeds most people's target RE spending levels. She was retired when we met so I have to build my own stache which I am fine with.

As far as the bay area, I don't envy you because that place has terrible traffic and is ridiculously expensive.

Raymond Reddington

  • Stubble
  • **
  • Posts: 177
  • Age: 2014
  • Location: NYC
  • "The Concierge of Cash"
Re: Race from 100 to 250k
« Reply #2214 on: December 08, 2018, 11:57:32 PM »
November was an OK but unspectacular month. It was fraught with a couple challenges, namely my stupid temper which led to me breaking my flip phone and having to spend $144 on the replacement and fend off a slew of add-ons to the monthly bill that I did not authorize that the idiot in-store rep signed me up for without my permission, but my $39/month phone bill remains intact after much haranguing. But other than that, I am most proud of spending $0 on work related expenses for the entire month! I brought lunch from home every single day, took public transit enough that the tank of gas I bought in October is still 1/4 full, and avoided tolls entirely. Sadly, I can't say the same for December so far, but it was nice in that regard.

Overtime is still non-existent at work, but thankfully my pretax savings do not depend on overtime...another month, but this one had three pay periods in it, so $1500 went into my pretax accounts instead of the usual $1000, which is nice. Can't wait for the big retro check coming whenever our raises go through, which I'll be directing 80% of to the pretax account anyway, but that will be a nice small boost to my net possessions.

I added some more money into my brokerage account, picking up defensive stocks mainly on weakness, as I continue to split my savings between individual quality dividend stocks and indexing. The early returns on investing in the municipal bond fund through Vanguard seem promising - the $3000 I invested last month has already paid its first dividend, and will yield over $100 annually for life, tax free. I am excited to continue to contribute a portion of my savings each year to this fund to see how it grows. With volatility in the markets, I am trying to be more cautious in general since I know I can't time the market, but trying to get in on small dips when I can. Honestly, I'm probably done contributing for a bit, because I need to start setting aside the 5500 to put into my Roth in the spring as a 2017 contribution, and I don't want to dip into the emergency fund to pay for it. The net possessions number posted below looks nice, but I attribute that mainly to a friendly last few days of market trading sessions rather than to some genius Mustachian techniques or tendencies on my part, and those gains have already disappeared in December, so I'm evaluating my November performance mainly on my savings rate. I smooth my takehome income so I don't get a false sense of security in three-pay-cycle months (like November 2018), so I estimate using this method that my savings rate in November was a pedestrian 41.4% of takehome pay (which also includes already paid costs that I amortize over the "contract period" like vehicle registration, insurances, etc). Several of those (including the phone) were one time items, without which I would have saved over 50%, but I can't discount them, that's not the way this works, they're spending. I prefer to amortize because it allows me to derive more meaningful conclusions about my spending when comparing different months, as well as track my cost increases better when prices for spending items rise.

The elephant in the room is house upgrades. The basement project has turned into a nightmare, and we are leaning towards just getting it done sooner for peace of mind and to get the square footage back so we can put things away properly. We continue to slowly progress through clutter disposal and Craigslist/eBay sales of items that have value, but there's still more than we like. Re: basement - we will do as much of the work ourselves as we can, but it's going to be a hefty bill regardless - mainly because one of the non load bearing walls has become load bearing over time as the house has settled on it. In the meantime, December's budget figures to be below my usual standard with holiday expenses, a trip to visit family planned (even though we'll be driving and staying with them to minimize cost), and an oil tank refill looming as well. We've been keeping the thermostat at a brisk 63 so far. After I finish insulating more of the basement steam pipes, we will probably bump that to 64 for the coldest part of the winter. But electric bills have been running around $130 monthly of late, which is far better than years previous as we've been more conscious of our energy use this year.

So my fortunes will remain heavily tied to the market through year end.

On the plus side, I really haven't sold many winning investments this year, so that should help keep the tax bill low through deducting capital losses, and I have to see where I stand on my conversion of my IRA to Roth from the spring re: taxes, since I know that will add some expense, but I'm hoping lower marginal rates will help in that regard. We live in a high tax state, however, so how the new limits on deductions will play out for us is anyone's guess. I'm hoping there's a refund that I can throw into savings coming my way, although obviously the benefit of that won't be until next year.

December 2014: $89,173 (I don't have the exact date I hit 100K, so including this here anyway)
December 2015: $106,299
December 2016: $147,449
December 2017: $182,600
June 2018: $217,065
July 2018: $221,250
August 2018: 222,274
September 2018: 224,569
October 2018: 220,241
November 2018: 226,052
« Last Edit: December 09, 2018, 12:09:50 AM by Raymond Reddington »

BSL18

  • 5 O'Clock Shadow
  • *
  • Posts: 30
Re: Race from 100 to 250k
« Reply #2215 on: December 09, 2018, 06:22:51 AM »
Maybe you're experiencing the Mustachian equivalent of keeping up (savings) with the Jones'?

I definitely get this every time I look at the spreadsheet.  No idea how some of you do it.  My % increase is among the lowest and my expenses are damn low.  Some people with higher NW than me are almost double where I am % wise which is insane.  I guess I am doing single player mode currently so maybe that has something to do with it.  Anyways, good job everyone, I will just be here in back bringing up the rear.

Sometimes I think it would be nice to somehow see a visual representation of how little the "below median" savings rate is (virtually nothing) in the general population to put it in perspective of how well we're all actually doing regardless of differences among us.  Comparing yourself to other Mustachians is like trying to stand out in the NFL or something haha!  We're shooting for the moon and landing among the Mustachian stars.  Keep up the good job!

Well I seriously doubt it will actually make you feel any better (Saving rate data for Canada):

Toad

  • Stubble
  • **
  • Posts: 177
Re: Race from 100 to 250k
« Reply #2216 on: December 09, 2018, 08:46:19 AM »
Well I seriously doubt it will actually make you feel any better (Saving rate data for Canada):

Graph is in thousands saved annually I assume?   Better than iI would have thought if so actually.  I mean...Used to be at 20k/yr which is actually extremely good for a medium.

2Birds1Stone

  • Magnum Stache
  • ******
  • Posts: 4717
  • Age: 31
  • Location: Earth
  • K Thnx Bye
Re: Race from 100 to 250k
« Reply #2217 on: December 09, 2018, 10:19:50 AM »
I would imagine it's % of income saved.

You can see how countries stack up against each other in the graph on networthify.com's ER calc

BSL18

  • 5 O'Clock Shadow
  • *
  • Posts: 30
Re: Race from 100 to 250k
« Reply #2218 on: December 09, 2018, 12:20:32 PM »
Well I seriously doubt it will actually make you feel any better (Saving rate data for Canada):

Graph is in thousands saved annually I assume?   Better than iI would have thought if so actually.  I mean...Used to be at 20k/yr which is actually extremely good for a medium.

It is in % of income... 0,8% is apparently an all-time low.

ItsALongStory

  • 5 O'Clock Shadow
  • *
  • Posts: 73
  • Location: Western US
Re: Race from 100 to 250k
« Reply #2219 on: December 09, 2018, 05:32:07 PM »
Well I seriously doubt it will actually make you feel any better (Saving rate data for Canada):

Graph is in thousands saved annually I assume?   Better than iI would have thought if so actually.  I mean...Used to be at 20k/yr which is actually extremely good for a medium.

It is in % of income... 0,8% is apparently an all-time low.

I would hope so

Slow&Steady

  • Pencil Stache
  • ****
  • Posts: 538
  • Location: Midwest
Re: Race from 100 to 250k
« Reply #2220 on: December 10, 2018, 09:02:01 AM »
Only tracking Invested Total.  My stretch goal is to get to 120k in investments by the end of the year. 


Code: [Select]
        401K        IRA Invested Total Home Value Rental Value Debt         Total NW
Dec-13 $43,660 $0         $43,660 $120,000 $120,000 $232,000 $51,660
Dec-14 $52,943 $0         $52,943 $125,000 $125,000 $227,000 $75,943
Dec-15 $55,622 $0         $55,622 $130,000 $130,000 $227,000 $88,622
Dec-16 $68,870 $700 $69,570 $200,000 $130,000 $281,000 $118,570
Dec-17 $96,294 $1,167 $97,461 $240,000 $135,000 $317,727 $154,724
Jan-18 $101,379 $1,212 $102,591 $240,000 $135,000 $316,332 $161,258
Feb-18 $97,645 $4,248 $101,894 $240,000 $135,000 $314,997 $161,896
Jun-18 $104,527 $4,218 $108,745 $240,000 $135,000 $309,458 $174,286
Jul-18 $108,967 $4,350 $113,317 $240,000 $125,000 $307,995 $170,322
Aug-18 $113,625 $4,398 $118,023 $240,000 $125,000 $303,563 $179,460
Sept-18 $114,907 $4,404 $119,311 $240,000 $125,000 $301,045 $183,266
Oct-18 $109,932 $4,164 $114,096 $240,000 $125,000 $299,806 $179,290
Nov-18 $110,623 $4,145 $114,767 $240,000 $125,000 $297,382 $182,385

Not much to say.  The market will need to be very very friendly in Dec if I am going to reach that stretch goal.

Today my 401k balance is less than Jan 2018 + 401k contributions for 2018

CorpRaider

  • Bristles
  • ***
  • Posts: 340
    • The Corpraider Blog
Re: Race from 100 to 250k
« Reply #2221 on: December 10, 2018, 09:04:02 AM »
Liquid Investments: 

12/14 ~    $46,000
12/15 ~    $81,000
12/16 ~  $109,000
12/17 ~  $164,000     
01/18 ~  $174,000
02/18 ~  $172,000
03/18 ~  $175,000
04/18 ~  $180,000
05/18 ~  $184,000
06/18 ~  $174,000
07/18 ~  $183,000
08/18 ~  $186,000
09/18 ~  $188,000
10/18 ~  $179,000
11/18 ~  $184,000

Forgot to post this.  Pretty ok bounce back during November.  Writing now, from the future, I know that the bounce was fleeting. haha. 
« Last Edit: December 10, 2018, 09:08:54 AM by CorpRaider »

fuzzy math

  • Pencil Stache
  • ****
  • Posts: 642
  • Location: PNW ---> Midwest (for now)
Re: Race from 100 to 250k
« Reply #2222 on: December 10, 2018, 10:13:22 AM »
June 2018.  $219,320
July 2018. $228,483
Aug 2018 $234,711
Sept 2018 $245,993
Oct 2018.  $251,023
Nov 2018 238,881

Dec 2018 244,687 

For another few fleeting days my $4900 had a positive overall effect then it went to shitsville again! (NW today is in the 235 range)
It appears I will never actually leave this thread

AcftW

  • 5 O'Clock Shadow
  • *
  • Posts: 59
Re: Race from 100 to 250k
« Reply #2223 on: December 16, 2018, 03:02:13 PM »

$43,153 - Jan 2016
$67,328 - Jan 2017

$119,626 - Jan 2018
$123,301 - Feb 2018
$127,224 - Mar 2018
$126,450 - Apr 2018
$130,499 - May 2018
$125,105 - Jun 2018
$115,346 - Jul 2018
$121,995 - Aug 2018
$128,269 - Sep 2018
$135,577 - Oct 2018
$134,956 - Nov 2018
$123,348 - Dec 2018

Check2400

  • Stubble
  • **
  • Posts: 144
Re: Race from 100 to 250k
« Reply #2224 on: December 17, 2018, 09:23:53 AM »
Today my 401k balance is less than Jan 2018 + 401k contributions for 2018

I hate that you made this comment.  I just checked my 401k, and from January to my final contribution last week I've gained only $12000, or $7500 less than my contributions and match. 

Slow&Steady

  • Pencil Stache
  • ****
  • Posts: 538
  • Location: Midwest
Re: Race from 100 to 250k
« Reply #2225 on: December 17, 2018, 01:22:59 PM »
Today my 401k balance is less than Jan 2018 + 401k contributions for 2018

I hate that you made this comment.  I just checked my 401k, and from January to my final contribution last week I've gained only $12000, or $7500 less than my contributions and match.

I just wish I could say that I bought most of it at prices closer to today's value.  As of today the 401k has a value of Dec-17 + 2018 Contributions.  My concern/frustration is that my company is switching 401k providers in January. I feel like when they do this rollover I will be actually losing money, "you only lose money when you withdrawal", I bought a lot of those stocks at a higher rate than what I will be selling/cashing them out for.  I know it will just be reinvested and I will be buying at whatever that rate is but I am not sure that I am happy about this (partly happy because we will be moving to Fidelity from a small fry company).