Author Topic: Race from 100 to 250k  (Read 844549 times)

martyconlonontherun

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Re: Race from 100 to 250k
« Reply #2150 on: December 29, 2018, 09:22:03 AM »

I'm crashing two threads and this will be my joint account. I like my personal one since it's easier to motivate myself then my wife, but it still nice seeing the change in combined NW/Investments which is what matters.

30dh/30dw
Combined 120k income
Midwest City

09/01/2017: $65k Investments/$59k Net Worth
10/01/2017: $68.3k Investments/$65.6k Net Worth
10/27/2017: $72k Investments/$70.5k Net Worth
12/4/2017: $76.5k Investments/$81.9k Net Worth
12/29/2017: $79.1k Investments/$84.8k Net Worth
1/26/2018: $87.k Investments/$84.1k Net Worth (Down due to property taxes and change in Zillow for house
2/23/2018: $87.5k Investments/$88.3k NW
4/2/2018: $87.5k Investments/$95.3k Net Worth (Up due to Tax return)
5/6/2018: $92.1k Investments/$101.1k NW
5/28/2018: $95.0k Investments/$108.9k NW
6/30/2018: $97.9k investments/$130.8k NW (House Increase and added joint accounts/refreshed mint)
8/2/2018: $104k investments/$138.8k NW
9/2/2018: $109k investments/$136.4k NW (House went back to normal value - 'dropped' 7k on zillow - and prepaid for Eurotrip). Goal is $150k by year-end for a $65k bump
12/29/2018: $105k investments/$134.2k NW
2/28/2019: $122.5k Investments/$170k NW
3/31/2019: $125k Investments/$181k NW
4/30/2019: $132k Investments/$200k NW
5/31/2019: $130k Investments/$194k NW
Back filing a little bit.
« Last Edit: June 19, 2019, 02:04:12 PM by martyconlonontherun »

Radagast

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Re: Race from 100 to 250k
« Reply #2151 on: December 29, 2018, 11:13:57 AM »
1/12/18 - $75,103.12
1/16/18 - $83,567.53
2/1/18 - $94,138.48
2/15/18 - $91,543.60
3/4/18 - $106,647.81
3/15/18-$113,810.14
4/1/18-$118,457.70
4/13/18-$122,591.10
5/1/18 - $124,603.56
5/15/18 - $129,202.24
5/31/18 - $150,940.36
6/16/18 - $154,273.90
6/30/18- $155,247,41
7/16/18 - $182,310.10
8/1/18 - $186,730.18
8/15/18 - $188,050.23
9/1/18 - $192,672,95
9/17/18 - $196,425.73
10/1/18 - $197,629.50
11/1/18 - $200,082.02

12/28/18 - $270,941.02

And I’m done with this thread. Thanks for having me folks
We hardly knew yeh

MrUpwardlyMobile

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Re: Race from 100 to 250k
« Reply #2152 on: December 29, 2018, 02:24:47 PM »
1/12/18 - $75,103.12
1/16/18 - $83,567.53
2/1/18 - $94,138.48
2/15/18 - $91,543.60
3/4/18 - $106,647.81
3/15/18-$113,810.14
4/1/18-$118,457.70
4/13/18-$122,591.10
5/1/18 - $124,603.56
5/15/18 - $129,202.24
5/31/18 - $150,940.36
6/16/18 - $154,273.90
6/30/18- $155,247,41
7/16/18 - $182,310.10
8/1/18 - $186,730.18
8/15/18 - $188,050.23
9/1/18 - $192,672,95
9/17/18 - $196,425.73
10/1/18 - $197,629.50
11/1/18 - $200,082.02

12/28/18 - $270,941.02

And I’m done with this thread. Thanks for having me folks
We hardly knew yeh

Indeed, but alas, I was never long for this thread. I’ll probably be in the next one for a couple of years. Expensive life events ahead.

RWD

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Re: Race from 100 to 250k
« Reply #2153 on: December 29, 2018, 10:05:47 PM »
11/1/18 - $200,082.02

12/28/18 - $270,941.02

What black magic did you use to gain $70k in under two months when the stock market dropped 9% during the same period?

Steeze

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Re: Race from 100 to 250k
« Reply #2154 on: December 30, 2018, 04:24:59 PM »
05-01-18 - $55,766
06-01-18 - $60,028
07-01-18 - $66,306
08-01-18 - $74,667
09-01-18 - $83,868
10-01-18 - $93,108
11-01-18 - $93,084
12-01-18 - $104,317

01-01-19 - $117581

Blessed with a bonus at the right time, made up for market losses this month. Finished up the year ahead of schedule, looking forward to a great year next year.
*edited because of spreadsheet error

Goal is to hit 250k by April 1 2020, Stretch goal Jan 1st 2020. Good luck to all !!!
« Last Edit: January 01, 2019, 02:02:42 PM by Steeze »

MrUpwardlyMobile

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Re: Race from 100 to 250k
« Reply #2155 on: December 30, 2018, 06:49:08 PM »
11/1/18 - $200,082.02

12/28/18 - $270,941.02

What black magic did you use to gain $70k in under two months when the stock market dropped 9% during the same period?

At the risk of sounding arrogant, I am basically irreplaceable and viewed as ridiculously hard working.  In order to keep me around, my present employer backloads about 40% of my income into an annual “bonus.”  It rewards me for sticking around for the full year and punishes me if I leave.

junga

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Re: Race from 100 to 250k
« Reply #2156 on: December 30, 2018, 08:04:02 PM »
January 1, 2018         : $97,318
February 2, 2018        : $104,695
March 1,2018             : $107,006
March 30, 2018          : $115,189
May 1, 2018               : $116,178
June 1, 2018              : $119,529
July 2, 2018               : $117,366
July 31, 2018             : $120,235
Aug 31, 2018             : $126,710
Sept 30, 2018            : $135,258
Dec 1, 2018               : $133,314
Dec 30, 2018             : $128,407

Neustache

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Re: Race from 100 to 250k
« Reply #2157 on: December 31, 2018, 06:42:09 AM »
09/05/18     154,000
10/01/18     168,330
12/01/18     163,458
01/01/18     155,535

Wow!  That's with a 7k dividend reinvestment.   LOL.    It hasn't really affected me though, other than wishing I could send all my savings to investments - but I can't because I'm worried about a huge tax bill in April. 


Raenia

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Re: Race from 100 to 250k
« Reply #2158 on: December 31, 2018, 07:17:01 AM »
04/01/2017 - 114,128.11
05/01/2017 - 123,935.63
06/01/2017 - 127,228.98
07/01/2017 - 128,638.92
08/01/2017 - 133,202.60
09/01/2017 - 135,706.79
10/01/2017 - 141,346.00
11/01/2017 - 146,788.93
12/01/2017 - 153,023.95
12/31/2017 - 156,988.01
01/30/2018 - 166,995.57
02/28/2018 - 164,404.90
03/31/2018 - 163,625.13
04/30/2018 - 168,453.88
05/31/2018 - 173,855.43
06/30/2018 - 176,412.22
07/30/2018 - 183,761.04
09/03/2018 - 190,205.44
09/29/2018 - 192,500.25
10/31/2018 - 182,303.59
11/30/2018 - 187,676.36

12/31/2018 - 177921.99

Slow&Steady

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Re: Race from 100 to 250k
« Reply #2159 on: December 31, 2018, 08:08:59 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
Dec-18 $103,098 $3,861 $106,959 $240,000 $125,000 $296,155 $175,804

Well that stretch goal did NOT happen. 

2019 401k increase has been submitted ($18k)
2019 budget has been planned
        IRA contributions are included in 2019 budget ($5.5k)
        aggressive debt pay-down plan is included in 2019 budget ($18k + $18k rental expenses not listed in above debt)

Assuming the market stops eating a whole year of contribution my Total NW number should be over $200k, to bad I can't say the same for my invested total column.

I have been listening to the Millionaire Next Door on my commute to work and am very disappointed to learn that I am not in his definition of Prodigious Accumulator of Wealth (PAW) and that based on my "plan" I will not hit that definition for another 10 years.  I have plenty of excuses, including the lack of one of the items that he says is key, my spouse (whole family) is not frugal and it is absolutely a huge hill to climb but I am on a steady switchback path that will eventually get me to the top.

RWD

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Re: Race from 100 to 250k
« Reply #2160 on: December 31, 2018, 08:43:08 AM »
I have been listening to the Millionaire Next Door on my commute to work and am very disappointed to learn that I am not in his definition of Prodigious Accumulator of Wealth (PAW) and that based on my "plan" I will not hit that definition for another 10 years.  I have plenty of excuses, including the lack of one of the items that he says is key, my spouse (whole family) is not frugal and it is absolutely a huge hill to climb but I am on a steady switchback path that will eventually get me to the top.
PAW is a poor metric anyway. It's actually harder to reach if your income increases rapidly. It's also basically impossible to hit early in your career. A better metric could be a formula involving your working years (instead of age) and average income over that period (instead of current income).

Slow&Steady

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Re: Race from 100 to 250k
« Reply #2161 on: December 31, 2018, 08:57:19 AM »
I have been listening to the Millionaire Next Door on my commute to work and am very disappointed to learn that I am not in his definition of Prodigious Accumulator of Wealth (PAW) and that based on my "plan" I will not hit that definition for another 10 years.  I have plenty of excuses, including the lack of one of the items that he says is key, my spouse (whole family) is not frugal and it is absolutely a huge hill to climb but I am on a steady switchback path that will eventually get me to the top.
PAW is a poor metric anyway. It's actually harder to reach if your income increases rapidly. It's also basically impossible to hit early in your career. A better metric could be a formula involving your working years (instead of age) and average income over that period (instead of current income).
That was the exact thought I had while listening. My income received a >30% jump in 2018 and my SO's self-employment produced a great income in 2018 that was not there the years before, plus although he talks about the benefits of a college degree, he never (or as much of the book as I have listened to so far) considered the later start in a career in his PAW definition of that college degree.

BiggerFishToFI

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Re: Race from 100 to 250k
« Reply #2162 on: December 31, 2018, 09:47:57 AM »
A lot of peoples stretch goals being missed this year, myself included! Have some extra cash (Xmas bonus + savings) to max out Roth IRAs and fill up HSA on Wednesday, then whatever is leftover split between taxable and the mortgage.

Looking forward to contributing to a depressed market for the first time in my investing career!

Month   Networth   Investments
12/31/16   $115,671   $64,692
01/31/17   $119,371   $66,070
02/28/17   $124,835   $67,186
03/31/17   $129,469   $67,472
04/30/17   $125,786   $67,858
05/31/17   $134,698   $70,822
06/30/17   $140,666   $82,983
07/31/17   $153,716   $92,589
08/31/17   $159,027   $96,256
09/30/17   $168,105   $100,416
10/31/17   $181,050   $106,552
11/30/17   $192,875   $111,570
12/31/17   $209,837   $123,158
01/31/18   $226,173   $140,791
02/28/18   $227,345   $139,409
03/31/18   $230,611   $140,661
04/30/18   $240,326   $148,934
05/31/18   $252,234   $157,561
06/30/18   $254,345   $163,327
07/31/18   $285,203   $176,231
08/31/18   $293,078   $186,348
09/30/18   $302,203   $206,186
10/31/18   $257,935   $201,993
11/30/18   $269,801   $212,861
12/31/18   $279,156   $201,937

randomusername

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Re: Race from 100 to 250k
« Reply #2163 on: December 31, 2018, 01:01:51 PM »
November 2018 - 225,507
December 2018 - 227,128

Excited to see what 2019 brings.

ingrownstudentloans

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Re: Race from 100 to 250k
« Reply #2164 on: December 31, 2018, 01:55:22 PM »
I am tracking only IRA/401K/taxable accounts.
5/31/2018 $100,519.07  - not even the slightest clue on target date...I'll be here for a few years :)
6/30/2018 $105.187.34
7/31/2018 $109,052.07
8/31/2018 $116,748.06
9/31/2018 $125.833.33 (should slow down for rest of year as both 401Ks are maxed)
10/31/2018 $121,400.49 (market pain)
11/30/2018 $120,116/63
12/31/2018 $115,318.38 (more market pain and put some resources towards our new AirBnB venture - looking forward to buying stocks on sale now that 401K is back in play)
« Last Edit: January 02, 2019, 07:27:12 AM by ingrownstudentloans »

edmundblackadder

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Re: Race from 100 to 250k
« Reply #2165 on: December 31, 2018, 03:31:14 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.

Gardo

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Re: Race from 100 to 250k
« Reply #2166 on: December 31, 2018, 04:00:39 PM »
I am a new member to this race.  I am tracking my 401K here which hit above $100K this month.

20170529:  $103.6K

20170529:  $103.6K
20171231:  $126.5K
20181231:  $139.2K

Radagast

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Re: Race from 100 to 250k
« Reply #2167 on: December 31, 2018, 07:42:48 PM »
Quarter StockBondCash  +House
Q3 2016:  $112,200     $165,800
Q4 2016:  $124,300     $178,500
Q1 2017:  $148,300     $203,300
Q2 2017:  $160,548     $217,018
Q3 2017:  $178,042     $235,102
Q4 2017:  $203,082     $260,736
Q1 2018:  $213,941     $272,491
Q2 2018:  $223,802     $283,554
Q3 2018:  $235,666     $296,330
Q4 2018:  $229,947     $291,293

First down quarter! The market had to try very hard to pull that off, combined with an unusually high quarter of spending. Down markets are good at this stage, hopefully I am unable to leave this thread until 2020!

<(~)`(~)> Here's to a rough and tumble 2019! (does that look like glasses clinking?) May we have another four quarters of 15% losses!

Milkm4n

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Re: Race from 100 to 250k
« Reply #2168 on: January 01, 2019, 06:09:52 AM »
DECEMBER UPDATE       

03/01/18: $100,871
04/01/18: $104,410
05/01/18: $109,333
06/01/18: $111,851
07/01/18: $115,134
08/01/18: $118,949
09/01/18: $121,714
10/01/18: $123,222
11/01/18: $123,710
12/01/18: $132,287
01/01/19: $130,778

  New contributions couldn't keep up with the down market last month. Oh well, bought lots of stocks on sale. Overall had approximately 29k increase for the year, which is about half as much as I had hoped for. Goal for 2019 is a 55k increase in NW.

BeautifulDay

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Re: Race from 100 to 250k
« Reply #2169 on: January 01, 2019, 09:11:31 AM »

            Net Worth    Investment Assets (401k, IRAs, HSA)
Mar 2016      $28,361      $72,408
Jun 2016      $40,970      $79,977
Sep 2016      $57,895      $90,677
Dec 2016      $80,499      $96,796
Mar 2017      $99,766      $73,973
Jun 2017     $102,562      $93,148
Sep 2017     $112,554     $103,702
Dec 2017     $128,724     $116,626
Jan 2018     $136,288     $124,547
Feb 2018     $140,881     $124,245
Mar 2018     $133,930     $123,367
Apr 2018     $146,151     $126,567
May 2018     $141,036     $132,235
Jun 2018     $148,700     $135,564
Jul 2018     $153,000     $139,805
Aug 2018     $157,317     $146,407
Sep 2018     $160,509     $148,562
Oct 2018     $147,704     $138,475
Nov 2018     $153,406     $140,869
Dec 2018     $148,046     $134,289


tjrssibelle

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Re: Race from 100 to 250k
« Reply #2170 on: January 01, 2019, 10:16:06 AM »



Dec 2016 - $129.04 k
Jan 2017 - $133.53 k
Feb 2017 - $139.23 k
Mar 2017 - $145.40 k
Apr 2017 - $149.59 k
May 2017 - $155.36 k
Jun 2017 -  $160.27 k
July 2017 - $167.24 k
Aug 2017 - $171.00 k
Sep 2017 - $178.27 k (5 paychecks instead of 4)
Oct 2017 - $184.61 k
Nov 2017 - $190.83 k
Dec 2017 - $196.66 k
Jan 2018 - $210.26 k
Feb 2018 - $205.18 k (market loss plus one less paycheck)
Mar 2018 - $211.20 k
Apr 2018 - $215.64 k
May 2018 - $220.34 k
Jun 2018 - $223.78 k
Jul 2018 - $232.53 k
Aug 2018 - $239.87 k
Sep 2018 - $242.39 k; so close
Oct 2018 - $230.33 k
Nov 2018 - $238.53 k

Dec 2018 - $227.08k


Sent from my SM-N920V using Tapatalk


FrugalByChance

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Re: Race from 100 to 250k
« Reply #2171 on: January 01, 2019, 11:50:19 AM »
I will join in the race but only counting my "Early Retirement stash". So this does not include my emergency-fund, pension capital, or payed-off residence.

These are the "end of the month" numbers:
Month      Early Retirement Stash
Jan 2016   €  58,971.00
...
Jan 2017   €  86 368.00
...
Jan 2018   € 119 817.00
Feb 2018   € 118 464.00
Mar 2018   € 115 094.00
Apr 2018   € 122 622.00
May 2018   € 128 787.00
Jun 2018   € 130 283.31
Jul 2018   € 135 595.00
Aug 2018   € 138 342.00
Sep 2018   € 139 524.74
Oct 2018   € 138 230.42
Nov 2018   € 144 029.86


Dec 2018   € 135 400.00
 
Totals for 2018:
Growth   € 18.847,34   (= 16,17%)
Deposits € 27.142,12   
Returns -€  8.294,78   (= -6,81%)
            


DarkandStormy

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Re: Race from 100 to 250k
« Reply #2172 on: January 01, 2019, 11:52:24 AM »
NW // Inv. Assets

5/1/17 - $115,775  //  $92,843
6/1/17 - $132,067  //  $96,095
7/1/17 - $134,078  //  $96,404
8/1/17 - $142,711  //  $100,068
9/1/17 - $144,009 // $102,800
10/1/17 - $146,185 // $106,104
11/1/17 - $151,793 // $111,791
12/1/17 - $155,245 // $116,204
1/1/18 - $157,542 // $115,616
2/1/18 - $165,472 // $123,775
3/1/18 - $168,156 // $124,110
4/2/18 - $177,092 // $127,541
5/1/18 - $196,749 // $134,162
6/1/18 - $208,027 // $141,372
7/1/18 - $216,157 // $144,325
8/1/18 - $220,843 // $149,916
9/1/18 - $233,654 // $154,377
10/1/18 - $245,070 // $155,324
11/1/18 - $228,174 // $144,718
12/1/18 - $234,144 // $147,130

1/1/19 - $235,221 // $136,854

wonkette

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Re: Race from 100 to 250k
« Reply #2173 on: January 01, 2019, 12:23:00 PM »
Happy New Year! My employer contribution to my 401k is masking the market drop. Still up about $45k in 2018 making it my best year ever.

Nov 18   180161
Dec 18   187477
Jan 19   189381

ItsALongStory

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Re: Race from 100 to 250k
« Reply #2174 on: January 02, 2019, 01:03:02 AM »
Brand new to this forum, this is literally my first post. Excited to see this take off towards 250k and beyond. Started professional career in this country back 2012 at 31 years old, effectively starting from scratch. Super fortunate to have gotten a great opportunity in 2016 that has really allowed me to catch up a number of years in a short time span. My wife has been retired nearly 15 years, she is significantly older than me and she is therefore not interested in planning for the future. This is 100% a solo effort.

Edited: Added a lot more detail from what I could find on Mint.

Oct-12: $0.00
Nov-12: $432.15
Dec-12: $1192.8
Jan-13: $1542.90
Jan-14: $7286.11
Jan-15: $16985.5
Jan-16: $26770.16
Jan-17: $58399.77
Jan-18: $95469.77
Feb-18: 111724.81
Mar-18: $112878.91
Apr-18: $117425.35
May-18: $123001.77
Jun-18: $125427.65
Jul-18: $135341.45
Aug-18: $138059.7
Sep-18: $142216.90

I currently max out 401k, my Roth IRA and my ESPP which is pretty much all I can get away with due to S/O not being on board (which is somewhat understandable as she is on a pension already and significantly older than me). I also put about $4400 per year in HSA currently and may consider maxing that out soon as well. We could do with more of an EF buffer but again, she sees no value in it as she considers her income '100% guaranteed'. It is for the most part as the retirement fund she is relying on has done really well.

All done for the month
Oct-18: $149116 + $3500  in HSA which I'm including for the first time. = $152616

Graduation Target is June 2020 but January 2020 is my stretch goal.

Nov-18: $142004 + $3922 in HSA = $145926 Slightly lower drop vs what I had expected but I had some one time expenses and my tax advantaged savings vehicles are full for the year.

Dec-18: $145596.37 Investments incl 401k + $5265.18 HSA = $150861.55

Not a bad month, hope to eclipse the all time high next month and maybe even hit $155k.

Jan-19: $136537 + $6212 in HSA = $142749 Oh well, dropped significantly but still early in accumulation stage so monthly monitoring probably doesn't even make that much sense.

Excited to start contributing to my 401k again in January and to have taken advantage of the stock market pullback through ESPP.

My goal is to hit $210k as a stretch goal at the end of 2019.

Epor

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Re: Race from 100 to 250k
« Reply #2175 on: January 02, 2019, 07:36:27 AM »
Code: [Select]
Jan-2014 $24,525.00
Jan-2015 $32,090.00
Jan-2016 $39,258.00
Jan-2017 $59,072.00 (found MMM   3/17)
Jan-2018 $93,684.00
----------
                Total       Saved       Market G/L
01/12/18 122575      3022        2265
01/01/19 111219      1876       -13232

Like many others, my total shows a decrease from December of over 13k. I'm maxing my Roth today/tomorrow as well, and I am increasing my after tax contributions by 100$... keeping the course...

coffeefueled

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Re: Race from 100 to 250k
« Reply #2176 on: January 02, 2019, 07:47:48 AM »
Aug2018: 208,651
Sept2018: 215,804
Oct2018: 223,539
Nov2018: 217,200
Dec2018: 219,978

Jan2019: $209,471

Blahhhh456

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Re: Race from 100 to 250k
« Reply #2177 on: January 02, 2019, 12:47:21 PM »

Including IRAs, 401(k), HSA, and Investment Account.
Jan 1, 2016 - $81,396
Aug 1, 2016 - $120,039
Oct 1, 2016 - $122,943
Jan 1, 2017 - $128,893
Mar 1, 2017 - $151,772
May 1, 2017 - $156,756
Aug 1, 2017 - $170,072
Sep 1, 2017 - $174,170
Oct 1, 2017 - $189,054
Nov 1, 2017 - $196,010
Dec 1, 2017 - $201,106
Jan 1, 2018 - $205,595.91
Feb 1, 2018 - $216,842.97
Mar 1, 2018 - $205,429.70
Apr 1, 2018 - $214,541.70
May 1, 2018 - $218,916.00
June 1, 2018 - $220,322.00
July 1, 2018 - $224,289.00
August 1, 2018 - $233,189.00

Good month for gains in the market!

Whoops a little late with reporting!!
Sept 1, 2018 - $243,320
Thank you to three paycheck month, I am closing in on $250k!

Oct 1, 2018 - $247,758
So close!! Next month should put me over $250k; hoping for no dramatic loss in the markets.

Nov 1, 2018 - $233,686 - yes, that dramatic loss in the market happened... I guess I will be here for a little longer :)

Dec 1, 2018 - $241,845 - creeping back up. My goal was end of this month. Pending stock market fluctuations, I may or may not make the goal. :/

Jan 1, 2019 - $224,733 - falling, falling, falling. Missed my goal of end of 2018 for hitting $250k. No worries; still in accumulation phase and hanging on for a bumpy ride.

JLee

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Re: Race from 100 to 250k
« Reply #2178 on: January 02, 2019, 03:17:13 PM »

Including IRAs, 401(k), HSA, and Investment Account.
Jan 1, 2016 - $81,396
Aug 1, 2016 - $120,039
Oct 1, 2016 - $122,943
Jan 1, 2017 - $128,893
Mar 1, 2017 - $151,772
May 1, 2017 - $156,756
Aug 1, 2017 - $170,072
Sep 1, 2017 - $174,170
Oct 1, 2017 - $189,054
Nov 1, 2017 - $196,010
Dec 1, 2017 - $201,106
Jan 1, 2018 - $205,595.91
Feb 1, 2018 - $216,842.97
Mar 1, 2018 - $205,429.70
Apr 1, 2018 - $214,541.70
May 1, 2018 - $218,916.00
June 1, 2018 - $220,322.00
July 1, 2018 - $224,289.00
August 1, 2018 - $233,189.00

Good month for gains in the market!

Whoops a little late with reporting!!
Sept 1, 2018 - $243,320
Thank you to three paycheck month, I am closing in on $250k!

Oct 1, 2018 - $247,758
So close!! Next month should put me over $250k; hoping for no dramatic loss in the markets.

Nov 1, 2018 - $233,686 - yes, that dramatic loss in the market happened... I guess I will be here for a little longer :)

Dec 1, 2018 - $241,845 - creeping back up. My goal was end of this month. Pending stock market fluctuations, I may or may not make the goal. :/

Jan 1, 2019 - $224,733 - falling, falling, falling. Missed my goal of end of 2018 for hitting $250k. No worries; still in accumulation phase and hanging on for a bumpy ride.

I'm about a month's worth of last-year gains away from landing back in this thread, ended up $40k short of my goal for 2018.  Same thing though, reminding myself it's the accumulation phase and just because my numbers are down vs last year doesn't mean all that investing was for naught :P

Toad

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Re: Race from 100 to 250k
« Reply #2179 on: January 02, 2019, 07:02:35 PM »
Summary of accounts:

   Date      Bank Accounts      Taxable Investments      IRAs and 401k      TOTAL      CHANGE   
   February 1, 2018      $13,975.00      $81,380.67      $51,185.33      $146,541.00   
   February 16, 2018      $13,812.30      $82,021.39      $51,242.74      $147,076.43      +0.37%   
   March 1, 2018      $10,851.87      $81,263.42      $50,645.46      $142,760.75      -2.93%   
   March 16, 2018      $10,400.70      $86,537.43      $51,975.87      $148,914.00      +4.31%   
   April 1, 2018      $9,260.83      $82,902.34      $49,913.25      $142,076.42      -4.59%   
   April 16, 2018      $9,024.81      $84,219.71      $56,999.42      $150,243.94      +5.75%   
   May 1, 2018      $6,865.67      $81,933.59      $59,445.02      $148,244.28      -1.33%   
   May 16, 2018      $7,083.48      $82,866.54      $62,421.20      $152,371.22      +2.78%   
   June 1, 2018      $6,764.50      $83,959.71      $66,115.73      $156,839.94      +2.93%   
   June 16, 2018      $6,879.10      $83,700.80      $69,304.41      $159,884.31      +1.94%   
   July 1, 2018      $7,123.50      $83,121.42      $69,308.09      $159,553.01      -0.21%   
   July 16, 2018      $10,719.90      $85,129.69      $71,826.92      $167,676.51      +5.09%   
   August 1, 2018      $14,732.56      $86,652.82      $72,329.18      $173,714.56      +3.60%   
   August 16, 2018      $13,196.71      $87,191.11      $73,238.38      $173,626.20      -0.05%   
   September 1, 2018      $13,673.41      $90,472.35      $74,941.54      $179,087.30      +3.15%   
   September 16, 2018      $15,374.17      $91,006.68      $75,107.00      $181,487.85      +1.34%   
   October 1, 2018      $16,854.55      $91,794.30      $75,717.00      $184,365.85      +1.59%   
   October 16, 2018      $16,612.47      $88,368.57      $73,031.47      $178,012.51      -3.45%   
   November 1, 2018      $18,285.38      $84,982.39      $71,020.77      $174,288.54      -2.09%   
   November 16, 2018      $18,662.38      $90,062.64      $71,356.00      $180,081.02      +3.06%   
   December 1, 2018      $17,708.68      $91,239.50      $71,548.00      $180,496.18      +0.23%   
   December 16, 2018      $20,409.16      $89,632.75      $72,123.11      $182,165.02      +0.92%   
   January 1, 2019      $23,668.81      $89,632.75      $72,953.77      $185,911.60      +2.06%   

Ended 2018 on a high -- I'll take that.  Didn't quite reach my stretch goal of $200k, but if I were to factor in what I have in un-redeemed churning profits from this year, I would be there, so I will call it a win.  Goal for 2019 -- hit 250k.

ItsALongStory

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Re: Race from 100 to 250k
« Reply #2180 on: January 03, 2019, 12:38:50 AM »
Summary of accounts:

   Date      Bank Accounts      Taxable Investments      IRAs and 401k      TOTAL      CHANGE   
   February 1, 2018      $13,975.00      $81,380.67      $51,185.33      $146,541.00   
   February 16, 2018      $13,812.30      $82,021.39      $51,242.74      $147,076.43      +0.37%   
   March 1, 2018      $10,851.87      $81,263.42      $50,645.46      $142,760.75      -2.93%   
   March 16, 2018      $10,400.70      $86,537.43      $51,975.87      $148,914.00      +4.31%   
   April 1, 2018      $9,260.83      $82,902.34      $49,913.25      $142,076.42      -4.59%   
   April 16, 2018      $9,024.81      $84,219.71      $56,999.42      $150,243.94      +5.75%   
   May 1, 2018      $6,865.67      $81,933.59      $59,445.02      $148,244.28      -1.33%   
   May 16, 2018      $7,083.48      $82,866.54      $62,421.20      $152,371.22      +2.78%   
   June 1, 2018      $6,764.50      $83,959.71      $66,115.73      $156,839.94      +2.93%   
   June 16, 2018      $6,879.10      $83,700.80      $69,304.41      $159,884.31      +1.94%   
   July 1, 2018      $7,123.50      $83,121.42      $69,308.09      $159,553.01      -0.21%   
   July 16, 2018      $10,719.90      $85,129.69      $71,826.92      $167,676.51      +5.09%   
   August 1, 2018      $14,732.56      $86,652.82      $72,329.18      $173,714.56      +3.60%   
   August 16, 2018      $13,196.71      $87,191.11      $73,238.38      $173,626.20      -0.05%   
   September 1, 2018      $13,673.41      $90,472.35      $74,941.54      $179,087.30      +3.15%   
   September 16, 2018      $15,374.17      $91,006.68      $75,107.00      $181,487.85      +1.34%   
   October 1, 2018      $16,854.55      $91,794.30      $75,717.00      $184,365.85      +1.59%   
   October 16, 2018      $16,612.47      $88,368.57      $73,031.47      $178,012.51      -3.45%   
   November 1, 2018      $18,285.38      $84,982.39      $71,020.77      $174,288.54      -2.09%   
   November 16, 2018      $18,662.38      $90,062.64      $71,356.00      $180,081.02      +3.06%   
   December 1, 2018      $17,708.68      $91,239.50      $71,548.00      $180,496.18      +0.23%   
   December 16, 2018      $20,409.16      $89,632.75      $72,123.11      $182,165.02      +0.92%   
   January 1, 2019      $23,668.81      $89,632.75      $72,953.77      $185,911.60      +2.06%   

Ended 2018 on a high -- I'll take that.  Didn't quite reach my stretch goal of $200k, but if I were to factor in what I have in un-redeemed churning profits from this year, I would be there, so I will call it a win.  Goal for 2019 -- hit 250k.

Nice job staying in the green during these down months.

One of the bigger benefits to not having a lot of your gains dependent on the stock market performance is that these dips affect us to a lesser extent. You could consider it a way to play some catchup with the higher NW folks. Unfortunately, when the market goes back up they will come away with more gains but in the interim we can at least feel like we're closing the gap :)

dcozad999

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Re: Race from 100 to 250k
« Reply #2181 on: January 03, 2019, 09:33:15 AM »

2/1/2018    $198,264.59
3/1/2018    $204,079.63
4/1/2018    ???
5/1/2018    $206,310.31
6/1/2018    $207,731.13
7/1/2018    $209,452.69
8/1/2018    $218,450.07
9/1/2018    $224,242.78
10/1/2018  $227,036.87
11/1/2018  $214,106.68
12/1/2018  $219,948.36
1/1/2019    $206,666.96



Ouch :(

Blahhhh456

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Re: Race from 100 to 250k
« Reply #2182 on: January 03, 2019, 10:14:59 AM »

Jan 1, 2019 - $224,733 - falling, falling, falling. Missed my goal of end of 2018 for hitting $250k. No worries; still in accumulation phase and hanging on for a bumpy ride.

I'm about a month's worth of last-year gains away from landing back in this thread, ended up $40k short of my goal for 2018.  Same thing though, reminding myself it's the accumulation phase and just because my numbers are down vs last year doesn't mean all that investing was for naught :P

Absolutely!! And it's a new year, so I just maxed out my IRA. With the market slightly down, whenever it decides to rebound, I'll be ready for some serious gains.

Check2400

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Re: Race from 100 to 250k
« Reply #2183 on: January 03, 2019, 11:07:37 AM »
Jan. 1, 2017 - 103,000
Feb. 1, 2017 - 106,500
Mar. 1 2017  - 102,500
Apr. 1  2017 -  110,000
May 1  2017 -  112,500
June 1 2017 -  113,500
July  1 2017 -  120,500
Aug. 1 2017 -  131,000
Sept. 1 2017-  131,000
Oct.  1  2017-  131,500
Nov. 1  2017 - 135,000
Dec. 1  2017 - 140,000
Jan. 1   2018 - 160,000
Feb. 1   2018-  168,000
Mar. 1   2018-  168,000
April 1   2018-  169,000
May 1   2018 -  171,000
June 1  2018 -  178,000
July  1  2018 -  180,500
Aug. 1  2018 -  194,000
Sept 1  2018 -  200,500
Oct. 1  2018 -  200,800
Nov. 1 2018 -  184,000
Dec. 1 2018 -  195,000
Jan. 1 2019 -  204,000

Added 9 grand in NW, but contributed almost 3 times that last month.  That sucks. 

On my two year anniversary I am $101,000 more than when I began.  $50,000 a year is the minimum goal, but that is just contributions and not total growth, so I've got work to do.  I'd like to contribute 60K a year, but don't see that happening. 

However, much of the $101,000 is not invested--40K was 401k, 15 taxable investments, 15K or so was 2017 growth and dividend, and the rest is just cash sitting there (most of that coming last month).  This will be the first year that my money all gets put into the market, which feels like famous last words.  I've got my annualized 401K to VIGAX, and am contributing $2550 a month to VHDYX, for a total at $50K, counting employer contribution. 

At this pace I'll be looking at 14 years to do a full FIRE, or age 50.  That isn't the best, but for now it will have to do. 

Here's to a 2019 graduation from this thread though!


YW55

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Re: Race from 100 to 250k
« Reply #2184 on: January 03, 2019, 12:01:27 PM »
Dec 2017: $180K
Jan 2019: $230K

2018 have been a slow year.

mountain_air

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Re: Race from 100 to 250k
« Reply #2185 on: January 03, 2019, 01:23:02 PM »
1/1/18    105,431
2/1/18    108,535
3/1/18    111,337
4/1/18    117,617
5/1/18    135,266
6/1/18    146,521
7/1/18    150,573
8/1/18    155,306
9/1/18    169,777
10/1/18  178,901
11/1/18  179,225
12/1/18  185,066
1/1/18    184,310   

Oooof, took it on the chin this month, especially after dumping a bunch of money into the market at the Dec bottom.  Oh well, bought on sale I suppose.  Hoping to graduate this thread towards the end of the year ~ goals

Toad

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Re: Race from 100 to 250k
« Reply #2186 on: January 03, 2019, 01:33:31 PM »
Nice job staying in the green during these down months.

One of the bigger benefits to not having a lot of your gains dependent on the stock market performance is that these dips affect us to a lesser extent. You could consider it a way to play some catchup with the higher NW folks. Unfortunately, when the market goes back up they will come away with more gains but in the interim we can at least feel like we're closing the gap :)

I do a few things that are considered sacrilegious here.  I developed a market timing *gasp* strategy a few years back.  It has in the past and seems to continue to give me approximately the same returns as the market but with much lower volatility.  Can use it fine in IRAs and 401ks since trades have no tax implications (realized gains contributing to tax burden), so I can execute it over about half my portfolio without issue.

Also in August I discovered bank account churning and realized it provides far greater returns than the market with much much lower risk, so I have been tossing all my excess cash into that instead of the market since I had maxed out my contributions for the year.  Plan to do the same this year -- max out contributions then just toss everything at bank bonuses.

solon

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Re: Race from 100 to 250k
« Reply #2187 on: January 03, 2019, 08:27:14 PM »
Summary of accounts:

   Date      Bank Accounts      Taxable Investments      IRAs and 401k      TOTAL      CHANGE   
   February 1, 2018      $13,975.00      $81,380.67      $51,185.33      $146,541.00   
   February 16, 2018      $13,812.30      $82,021.39      $51,242.74      $147,076.43      +0.37%   
   March 1, 2018      $10,851.87      $81,263.42      $50,645.46      $142,760.75      -2.93%   
   March 16, 2018      $10,400.70      $86,537.43      $51,975.87      $148,914.00      +4.31%   
   April 1, 2018      $9,260.83      $82,902.34      $49,913.25      $142,076.42      -4.59%   
   April 16, 2018      $9,024.81      $84,219.71      $56,999.42      $150,243.94      +5.75%   
   May 1, 2018      $6,865.67      $81,933.59      $59,445.02      $148,244.28      -1.33%   
   May 16, 2018      $7,083.48      $82,866.54      $62,421.20      $152,371.22      +2.78%   
   June 1, 2018      $6,764.50      $83,959.71      $66,115.73      $156,839.94      +2.93%   
   June 16, 2018      $6,879.10      $83,700.80      $69,304.41      $159,884.31      +1.94%   
   July 1, 2018      $7,123.50      $83,121.42      $69,308.09      $159,553.01      -0.21%   
   July 16, 2018      $10,719.90      $85,129.69      $71,826.92      $167,676.51      +5.09%   
   August 1, 2018      $14,732.56      $86,652.82      $72,329.18      $173,714.56      +3.60%   
   August 16, 2018      $13,196.71      $87,191.11      $73,238.38      $173,626.20      -0.05%   
   September 1, 2018      $13,673.41      $90,472.35      $74,941.54      $179,087.30      +3.15%   
   September 16, 2018      $15,374.17      $91,006.68      $75,107.00      $181,487.85      +1.34%   
   October 1, 2018      $16,854.55      $91,794.30      $75,717.00      $184,365.85      +1.59%   
   October 16, 2018      $16,612.47      $88,368.57      $73,031.47      $178,012.51      -3.45%   
   November 1, 2018      $18,285.38      $84,982.39      $71,020.77      $174,288.54      -2.09%   
   November 16, 2018      $18,662.38      $90,062.64      $71,356.00      $180,081.02      +3.06%   
   December 1, 2018      $17,708.68      $91,239.50      $71,548.00      $180,496.18      +0.23%   
   December 16, 2018      $20,409.16      $89,632.75      $72,123.11      $182,165.02      +0.92%   
   January 1, 2019      $23,668.81      $89,632.75      $72,953.77      $185,911.60      +2.06%   

Ended 2018 on a high -- I'll take that.  Didn't quite reach my stretch goal of $200k, but if I were to factor in what I have in un-redeemed churning profits from this year, I would be there, so I will call it a win.  Goal for 2019 -- hit 250k.

Do you have an automated way of building this table, or do you do it by hand?

Toad

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Re: Race from 100 to 250k
« Reply #2188 on: January 03, 2019, 09:45:21 PM »
Do you have an automated way of building this table, or do you do it by hand?

I just quote the last post I made, delete the quote flags, copy paste the last 16 and 1 dates and change the numbers to what they are in my Excel file.  Pretty easy really, but not automated.

Stimpy

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Re: Race from 100 to 250k
« Reply #2189 on: January 04, 2019, 11:14:06 AM »
DateFIREMediTotal NW% IncreaseNotes
6/1/2017$115,738 -
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%
11/30/2018$175,846.66 $43663.51$219,510.17~3.92%
Numbers based on Mint

12/31/2018 Fire: $177,341.32 + Medi  $46,719.18 = $224,060.50 ~2.07%

So goes another year.  Happy "belated" New year!
2019 Prediction: Fall of civilization and the start of utopia.... Or not.  I am guessing 270k or more for EO 2019 but only time will tell.

dignam

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Re: Race from 100 to 250k
« Reply #2190 on: January 04, 2019, 12:21:56 PM »
Jun 2017 $112k
Jul 2017 $115k
Aug 2017 $111k [sold house and paid off student loans]
Sep 2017 $117k
Oct 2017 $121k
Nov 2017 $125k
Dec 2017 $126k [buying a house, lots of associated expenses]
Jan 2018 $132k [stellar market]
Feb 2018 $142k [closed on new house, 401k profit sharing lump sum]
Mar 2018 $141k
Apr 2018 $145k [paid off car]
May 2018 $153k
Jun 2018 $156k
Aug 2018 $166k
Sep 2018 $168k
Nov 2018 $152k [Ouch! clearly I'm investing aggressively]
Dec 2018 $149k [...]

« Last Edit: January 09, 2019, 01:15:58 PM by dignam »

mustardstew

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Re: Race from 100 to 250k
« Reply #2191 on: January 05, 2019, 09:37:30 AM »
06/2018 - $127,908
07/2018 - $128,267
08/2018 - $130,454
09/2018 - $133,960
10/2018 - $133,054
11/2018 - $128,883
12/2018 - $130,047

01/2019 - $123,019

*Closes eyes* "Buy. Buy! BUY! Wait, not that!"

dignam

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Re: Race from 100 to 250k
« Reply #2192 on: January 05, 2019, 09:52:03 AM »
I keep telling myself it's a buyer's market to make me feel better.

solon

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Re: Race from 100 to 250k
« Reply #2193 on: January 05, 2019, 05:41:13 PM »

 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
01/2019 $177,349


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

Raymond Reddington

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Re: Race from 100 to 250k
« Reply #2194 on: January 08, 2019, 09:14:38 PM »
December recap: Much like all of you, the market was punishing this month. I tried to take advantage of market volatility by selling weaker positions I don't intend to continue holding for tax writeoffs this year, then immediately reinvesting them in higher quality positions so as to remain invested in the market but harvest tax losses to reduce my 2018 ordinary income. I had a Roth conversion earlier in the year which, coupled with the Trump tax plan, leaves me in an uncertain way living as a homeowner in a high tax state, so any little bit that reduces my AGI is good (along with a sizable charitable contribution from earlier in the year as well). The one positive is that my passive income is growing at a nice rate percentage wise, but I've just got to move the needle more on the dollar amounts. If I can, my goal is still to FATFIRE in 22 and a half years. The second half of the year has been difficult, I made several investments that in hindsight turned out to be at or near market highs, so that hasn't helped.

December's budget saw a trip out of state to spend the holidays with family, which despite the expense, was totally worth it. Between that, Christmas presents (which actually do make me/my wife happy), and an oil tank refill, I managed to save just under 37% of my take home pay this month, which wasn't great, but is acceptable. On the plus side, we had a great trip seeing everyone. Sister in law and her husband will be having a baby in the summer, so we'll be planning a vacation with them in the spring since it'll probably be the last one for a while. Should be nice, albeit expensive, but it's a once in a lifetime kind of thing, and I'm looking forward to it.

Overtime and opportunity for promotion at work are pretty much nonexistent, and my next raise hits in April, although we figure to get a raise with retro pay going back about a year sometime later this year, which will go directly into my 457 account if/when it occurs. I am applying to grad school to round out my resume, no word on if I'll get in yet, but I'm cautiously optimistic. Might as well try to distinguish myself so when the possibility of promotions open up again, I can stand out from the herd.

Looking back at the numbers for the second half of the year, I'm actually quite disappointed. Even though my savings rate went up considerably, the volatile markets put a damper on the benefit of the additional saving. Just have to remind myself how much worse the numbers would have been had I not taken those strides, and focus on the 89% increase in my passive income in 2018 alone. Specific spend cuts I targeted, like avoiding driving to work where reasonable and bringing lunch almost every day saved me approximately 3% of my takehome pay in the second half of the year.

All told, for second half 2018, I managed to save 45.2% of my take home pay, plus pre-tax savings, which if added to the numerator and denominator of savings/take home pay, bumped my savings rate to 56.8%. I'm not counting mortgage payments in that formula, although I do count mortgage payments as adding to my net possessions. So in reality, if primary home equity counts, it's probably closer to 60%. I just have to remind myself that I am doing the right things and stick with it. I had a few weak moments (a soda here, a snack off the McDonald's Dollar Menu there) but nothing terrible, but I'd like to minimize those in the future.

The basement project is still hanging over our heads - we have one estimate so far, trying to get a second, then deciding which contractor we will use. I'm dreading it, but it's necessary, and our enjoyment of the house will rise significantly once it's done. I got the steam pipes insulated, so the heat is running more efficiently, and I just have to insulate a few joints to complete the job.

Other initiatives to improve our lives on my radar are getting my wife a credit card with better rewards to use - maybe something built around airline miles. Thinking of the Blue Delta SkyMiles card. It would be nice to not pay full freight for airfare every time we go somewhere.

Other than just trying to stay the course...lifestyle creep is a mother, trying to beat it back...

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
December 2018: 219,103
« Last Edit: January 08, 2019, 09:28:23 PM by Raymond Reddington »

BSL18

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Re: Race from 100 to 250k
« Reply #2195 on: January 09, 2019, 12:53:43 PM »
Posting to follow, and join all you in this race. I actually only calculate my NW every 6 months... Made an exception this time, this is the current status (was close to 0$ two years ago...):

October 2018: 82642$ invested (NW 118669$)

Wish me luck!

2019/01/01: 83406 invested (NW 126961$)

Just barely kept up with the Q4 downfall... But still kept up! Still at the very beginning of accumulation here, so I'll take all sales I can find.

L2

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Re: Race from 100 to 250k
« Reply #2196 on: January 15, 2019, 05:26:40 PM »
Hello everyone. I just ran my numbers and it looks like I officially belong in this thread now! My very ambitious goal at this point is $250k NW by 12/31/2020.

1/15/19 - $101,635.

Steeze

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Re: Race from 100 to 250k
« Reply #2197 on: January 16, 2019, 04:55:24 AM »
Congratulations @L2 welcome to the thread!

BSL18

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Re: Race from 100 to 250k
« Reply #2198 on: January 16, 2019, 09:05:25 AM »
Welcome L2! Nice goal there, 6250$/month not accounting for market crazy hazy all over the place up-and-downs, I wish I could target that!

L2

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Re: Race from 100 to 250k
« Reply #2199 on: January 16, 2019, 10:55:42 AM »
Welcome L2! Nice goal there, 6250$/month not accounting for market crazy hazy all over the place up-and-downs, I wish I could target that!
Yes it is very ambitious indeed. I did manage to increase the NW by 54k in 2018 with the market finishing down 4%.

From now until 12/31/2020 - In the estimate and on top of my salary today - I'm banking on 2 salary increases (with a likely promotion), 3% 401k match, bank account/credit card churning, side hustles (1k-ish annually), two couple grand tax refunds, cutting living expenses in half (moving in with GF), average market returns, and a nice bonus structure at work where its not too difficult to get greater than 10k each year. It will be tough, but I enjoy the grind!

There is also the realistic possibility of a marriage and house purchase during that time frame that could change things substantially. Being a CPA, I'm in favor of counting equity as NW. GF isn't as radical as I am when it comes to finances (though I am working on her), so I'm sure wedding expenses would be higher than I'd like, but then I would be able to include her NW as well!

However, i did just commit a face-punch worthy act recently in purchasing Cleveland Browns season tickets...but this is the first time I can remember things looking up in my life and it should be a fun decade. Figure worst case I can sell them off and break even.

Let's roll!
« Last Edit: January 16, 2019, 11:04:40 AM by L2 »