Hi guys! First post here :) With yesterdays dead cat bounce and todays paycheck, my SO and I hit a combined $252,000 in investments!We might be back in the $100k -> $250k Race thread depending on the markets, or we might be going back and forth quite a bit until more contributions bring us here permanently.
December 2013: 142KMarch 2014: 178KJune 2014: 191KSeptember 2014: 205KDecember 2014: 231KMarch 2015: 232K (I self financed half a wedding this quarter, and began subsidizing now husband)June 2015: 249K September 2015: 272K (a new~30K in debt showed in this quarter from the first half of a 60K roof assessment I didn't have cash on hand for)December 2015: 326KMarch 2016: 342K (including some trades that will go through at close of business, I think)April 2016: 345K (so. slow. investing/paying off between 8 and 10K a month and I'm not sure where it's going! I think my home's zillow value was skewing my total)May 2016: 352K Finally, a bit of progress! (includes 5/31 trades that just went in today, and a small increase in home value.)
June 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been. I also maxed my 401(k) and have now moved in to exclusively taxable investing. Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).
Quote from: onlykelsey on June 30, 2016, 08:18:27 AMJune 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been. I also maxed my 401(k) and have now moved in to exclusively taxable investing. Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).Why not just put all your free cash toward the HELOC? I'm assuming you can pull it back out any time you want.Assuming that is the case, you're just paying extra interest for... not sure what reason.
you remember my roof assessment nightmare), I'll start viewing it as a credit card or something. It's also not easy to use to buy, say, clothing offline. But the point is taken, I could pay it down and pull a chunk out for suit or baby shopping in a few months. I've been paying it off at 1K a month at 3.something%, so I haven't worried too much. But 3% (2% given my tax bracket and deductions) is a chunk of change on 36K, and the rate floats, so I should maybe reprioritize.
Quote from: zephyr911 on June 30, 2016, 08:26:10 AMQuote from: onlykelsey on June 30, 2016, 08:18:27 AMJune 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been. I also maxed my 401(k) and have now moved in to exclusively taxable investing. Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).Why not just put all your free cash toward the HELOC? I'm assuming you can pull it back out any time you want.Assuming that is the case, you're just paying extra interest for... not sure what reason.Yeah, fair question. I guess I'm afraid that if I start accessing my HELOC in non-emergency situations (I think you remember my roof assessment nightmare), I'll start viewing it as a credit card or something. It's also not easy to use to buy, say, clothing offline. But the point is taken, I could pay it down and pull a chunk out for suit or baby shopping in a few months. I've been paying it off at 1K a month at 3.something%, so I haven't worried too much. But 3% (2% given my tax bracket and deductions) is a chunk of change on 36K, and the rate floats, so I should maybe reprioritize.
Quote from: onlykelsey on June 30, 2016, 09:02:30 AMyou remember my roof assessment nightmare), I'll start viewing it as a credit card or something. It's also not easy to use to buy, say, clothing offline. But the point is taken, I could pay it down and pull a chunk out for suit or baby shopping in a few months. I've been paying it off at 1K a month at 3.something%, so I haven't worried too much. But 3% (2% given my tax bracket and deductions) is a chunk of change on 36K, and the rate floats, so I should maybe reprioritize.The discipline thing is relevant. This is like the snowball approach - it's not the best, mathematically, but it can still yield better results because it's psychologically superior for some, as its quicker results can reinforce their dedication to the plan via positive feedback.MMM principles are largely based on math, logic and science. But even science can recognize that human beings are not perfectly logical and our behavior is affected by many different variables. It's all about finding what works best for you.
Quote from: Cheddar Stacker on March 01, 2016, 08:16:32 PM3/1/16NW $414KLiquid $322K6/1/16NW $457KLiquid $350K
3/1/16NW $414KLiquid $322K
Quarterly Update (post Brexit fun times): 7/1/16April-15 $133,400.00 (+23,993)July-15 $179,961.40 (+46,561)Oct-15 $207,727.22 (+27,765)Jan-16 $257,514.77 (+49,787)April-16 $277,918.06 (+20,403)July-16 $306,073.47 (+28,155)JGS
Officially joining this thread! We reached $251,521 this month in our personal investments. This does not include cash, property equity, college savings, or our pensions. At our current savings rate, it would probably take us 3-4 years to reach 500k depending on market fluctuations, but we may change some things on the job front before then. If not, then April 2019 would be good stretch goal. April 2016 $251,521
Quote from: Travelling Biologist on May 01, 2016, 06:41:37 PMOfficially joining this thread! We reached $251,521 this month in our personal investments. This does not include cash, property equity, college savings, or our pensions. At our current savings rate, it would probably take us 3-4 years to reach 500k depending on market fluctuations, but we may change some things on the job front before then. If not, then April 2019 would be good stretch goal. April 2016 $251,521April 2016 $251,521May 2016 $263,275June 2016 $266,151Hmm. It seems I was off on the May numbers so I have adjusted that, but by some strange coincidence, the June numbers are the same as the original (incorrect) May numbers. I've double checked everything in Mint. So weird.
Quote from: YellowCat on April 03, 2016, 06:56:34 AMMarch Update: I'm adding 2015 quarterly (for comparison) and switching over to a monthly update format for 2016...I think this will make it easier for me to track incremental progress. Year-over-year increase from March 2015 to March 2016 is $102,086 (!)Dec 2014: $190,811Mar 2015: $238,653 (+$47,842)Jun 2015: $262,010 (+$23,357)Sep 2015: $276,420 (+$14,410)Dec 2015: $310,350 (+$33,930)Jan 2016: $307,436 (-$2,914)Feb 2016: $315,430 (+$7,994)Mar 2016: $340,739 (+$25,309)My husband inadvertently just set our $500k NW goal by declaring that he wants to be a "half-millionaire" by his 30th birthday. So, we have until August 2017 to hit $500k in investible NW. Given our current trajectory, I think this is very likely! I'm personally aiming to hit $500k in March of 2017...no math here, just sending good vibes out into the universe.And a quick NW update, still going strong! Some of the significant increases are due to bonuses - Brown Bear's 6% bonus in April, and then my $5k signing bonus in May. Apr 2016: $356,946 (+$16,207)May 2016: $370,408 (+$13,462)I think we're on track to hit $400k by Brown Bear's 29th birthday in August! Have to wait and see how things go...
March Update: I'm adding 2015 quarterly (for comparison) and switching over to a monthly update format for 2016...I think this will make it easier for me to track incremental progress. Year-over-year increase from March 2015 to March 2016 is $102,086 (!)Dec 2014: $190,811Mar 2015: $238,653 (+$47,842)Jun 2015: $262,010 (+$23,357)Sep 2015: $276,420 (+$14,410)Dec 2015: $310,350 (+$33,930)Jan 2016: $307,436 (-$2,914)Feb 2016: $315,430 (+$7,994)Mar 2016: $340,739 (+$25,309)My husband inadvertently just set our $500k NW goal by declaring that he wants to be a "half-millionaire" by his 30th birthday. So, we have until August 2017 to hit $500k in investible NW. Given our current trajectory, I think this is very likely! I'm personally aiming to hit $500k in March of 2017...no math here, just sending good vibes out into the universe.
Quote from: YellowCat on June 03, 2016, 04:49:02 AMQuote from: YellowCat on April 03, 2016, 06:56:34 AMMarch Update: I'm adding 2015 quarterly (for comparison) and switching over to a monthly update format for 2016...I think this will make it easier for me to track incremental progress. Year-over-year increase from March 2015 to March 2016 is $102,086 (!)Dec 2014: $190,811Mar 2015: $238,653 (+$47,842)Jun 2015: $262,010 (+$23,357)Sep 2015: $276,420 (+$14,410)Dec 2015: $310,350 (+$33,930)Jan 2016: $307,436 (-$2,914)Feb 2016: $315,430 (+$7,994)Mar 2016: $340,739 (+$25,309)My husband inadvertently just set our $500k NW goal by declaring that he wants to be a "half-millionaire" by his 30th birthday. So, we have until August 2017 to hit $500k in investible NW. Given our current trajectory, I think this is very likely! I'm personally aiming to hit $500k in March of 2017...no math here, just sending good vibes out into the universe.And a quick NW update, still going strong! Some of the significant increases are due to bonuses - Brown Bear's 6% bonus in April, and then my $5k signing bonus in May. Apr 2016: $356,946 (+$16,207)May 2016: $370,408 (+$13,462)I think we're on track to hit $400k by Brown Bear's 29th birthday in August! Have to wait and see how things go...Movin' on up...July 2016: 377,258 (+6,850)I should probably mention that we've been diverting all of our extra cash into our house downpayment fund (besides 401(k) contributions, set to max for both). Sadly this means our monthly gains aren't so high right now since the house money is in a checking account yielding 0.75% per year. Still, this tactic means we're dropping $4,380/month into 401(k)s (including matching) and $3k per month into the house fund. Not too shabby. We probably won't hit $400k by the end of August, though, without some magic happening.
Quote from: Travelling Biologist on July 07, 2016, 07:04:14 AMQuote from: Travelling Biologist on May 01, 2016, 06:41:37 PMOfficially joining this thread! We reached $251,521 this month in our personal investments. This does not include cash, property equity, college savings, or our pensions. At our current savings rate, it would probably take us 3-4 years to reach 500k depending on market fluctuations, but we may change some things on the job front before then. If not, then April 2019 would be good stretch goal. April 2016 $251,521April 2016 $251,521May 2016 $263,275June 2016 $266,151Hmm. It seems I was off on the May numbers so I have adjusted that, but by some strange coincidence, the June numbers are the same as the original (incorrect) May numbers. I've double checked everything in Mint. So weird.Mint and Personal Capital are great for current pictures of wealth but historically they suffer a bit. I keep track of my bills in an excel sheet and record NW when I do that in my sheet. The numbers in my sheet from say... 6+mo ago vs mint are off by quite a bit. Also, god-forbid if you ever delete an account from mint and re-add it....
Quote from: YellowCat on July 10, 2016, 11:42:15 AMQuote from: YellowCat on June 03, 2016, 04:49:02 AMQuote from: YellowCat on April 03, 2016, 06:56:34 AMMarch Update: I'm adding 2015 quarterly (for comparison) and switching over to a monthly update format for 2016...I think this will make it easier for me to track incremental progress. Year-over-year increase from March 2015 to March 2016 is $102,086 (!)Dec 2014: $190,811Mar 2015: $238,653 (+$47,842)Jun 2015: $262,010 (+$23,357)Sep 2015: $276,420 (+$14,410)Dec 2015: $310,350 (+$33,930)Jan 2016: $307,436 (-$2,914)Feb 2016: $315,430 (+$7,994)Mar 2016: $340,739 (+$25,309)My husband inadvertently just set our $500k NW goal by declaring that he wants to be a "half-millionaire" by his 30th birthday. So, we have until August 2017 to hit $500k in investible NW. Given our current trajectory, I think this is very likely! I'm personally aiming to hit $500k in March of 2017...no math here, just sending good vibes out into the universe.And a quick NW update, still going strong! Some of the significant increases are due to bonuses - Brown Bear's 6% bonus in April, and then my $5k signing bonus in May. Apr 2016: $356,946 (+$16,207)May 2016: $370,408 (+$13,462)I think we're on track to hit $400k by Brown Bear's 29th birthday in August! Have to wait and see how things go...Movin' on up...July 2016: 377,258 (+6,850)I should probably mention that we've been diverting all of our extra cash into our house downpayment fund (besides 401(k) contributions, set to max for both). Sadly this means our monthly gains aren't so high right now since the house money is in a checking account yielding 0.75% per year. Still, this tactic means we're dropping $4,380/month into 401(k)s (including matching) and $3k per month into the house fund. Not too shabby. We probably won't hit $400k by the end of August, though, without some magic happening.You're not going to hit 400K at 26?! For shame!!!!!!!!!!
I'm not so sure I like Zillow Estimate very much. My approach is to give a fairly conservative estimate of the value of my house (if I had to sell it within a month, say) based on similar sales in my neighborhood, and then take away 6% for the realtor. That's my asset value. I feel like everything else is just wishful thinking.
Quote from: JustGettingStarted1980 on July 15, 2016, 06:59:01 PMI'm not so sure I like Zillow Estimate very much. My approach is to give a fairly conservative estimate of the value of my house (if I had to sell it within a month, say) based on similar sales in my neighborhood, and then take away 6% for the realtor. That's my asset value. I feel like everything else is just wishful thinking.The minus 6% for a realtor is genius. I think I may figure out how to institute that on mint. probably manually...
Quote from: JustGettingStarted1980 on July 15, 2016, 06:59:01 PMI'm not so sure I like Zillow Estimate very much. My approach is to give a fairly conservative estimate of the value of my house (if I had to sell it within a month, say) based on similar sales in my neighborhood, and then take away 6% for the realtor. That's my asset value. I feel like everything else is just wishful thinking.I was using Zestimate too because I felt it was realistic for what I could expect in my neighborhood, looking at other houses. Then it got a little unrealistically high, then it dropped to well below what we paid for it a year ago even though if you look around that shouldn't be the case. Then it bounced around for a week and then about a month ago I said "eff it, I'm going to track based on purchase price plus inflation." So, that's what I do now.
I feel like I've found my people!I'm in the Investable Assets crowd, at 249K as we start 2016. I will play the tortoise here (or perhaps Eeyore) with a goal of about 4 years from now, in 2020. Over on the long-term net worth goals thread, I just posted about some of my variables, include pessimistic estimates about spending and income, inflation, and a possible home addition. That's why I'm giving a longer time horizon. If the market is reasonable, and our spending and income are more in my optimistic zone, and we don't do a home addition, the time frame shortens to about 2 years, in 2018. And that, friends, is motivational. Thanks!One final thing--some helpful info could be added in here, as we go on this journey together--context like I've shared here, as well as incomes, as those of us who are making 40K shouldn't compare with those making 120K! I'm married and our combined income in 2015 was 80K. In 2016, it should be close to 120K gross. Edit 2/18/16: 395K when you add in home equity.
December 2013: 142KMarch 2014: 178KJune 2014: 191KSeptember 2014: 205KDecember 2014: 231KMarch 2015: 232K (I self financed half a wedding this quarter, and began subsidizing now husband)June 2015: 249K September 2015: 272K (a new~30K in debt showed in this quarter from the first half of a 60K roof assessment I didn't have cash on hand for)December 2015: 326KMarch 2016: 342K (including some trades that will go through at close of business, I think)April 2016: 345K (so. slow. investing/paying off between 8 and 10K a month and I'm not sure where it's going! I think my home's zillow value was skewing my total)May 2016: 352K Finally, a bit of progress! (includes 5/31 trades that just went in today, and a small increase in home value.)June 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been. I also maxed my 401(k) and have now moved in to exclusively taxable investing. Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).
Hi guys! First post here :) my SO and I hit a combined $252,000 in investments!We might be back in the $100k -> $250k Race thread depending on the markets, or we might be going back and forth quite a bit until more contributions bring us here permanently.
Quote from: zephyr911 on June 30, 2016, 09:13:20 AMQuote from: onlykelsey on June 30, 2016, 09:02:30 AMyou remember my roof assessment nightmare), I'll start viewing it as a credit card or something. It's also not easy to use to buy, say, clothing offline. But the point is taken, I could pay it down and pull a chunk out for suit or baby shopping in a few months. I've been paying it off at 1K a month at 3.something%, so I haven't worried too much. But 3% (2% given my tax bracket and deductions) is a chunk of change on 36K, and the rate floats, so I should maybe reprioritize.The discipline thing is relevant. This is like the snowball approach - it's not the best, mathematically, but it can still yield better results because it's psychologically superior for some, as its quicker results can reinforce their dedication to the plan via positive feedback.MMM principles are largely based on math, logic and science. But even science can recognize that human beings are not perfectly logical and our behavior is affected by many different variables. It's all about finding what works best for you.We are definitely irrational animals much more often than we'd like to think. Even if I were behaving perfectly rationally, I'd need infinite time and knowledge to make perfect decisions. I do need to check out terms of my HELOC. Now that i think rates won't go up much in the near future, I may err on the side of investing for a few more months. 2% guaranteed return isn't much.
Quote from: YellowCat on June 03, 2016, 04:49:02 AMQuote from: YellowCat on April 03, 2016, 06:56:34 AMMarch Update: I'm adding 2015 quarterly (for comparison) and switching over to a monthly update format for 2016...I think this will make it easier for me to track incremental progress. Year-over-year increase from March 2015 to March 2016 is $102,086 (!)Dec 2014: $190,811Mar 2015: $238,653 (+$47,842)Jun 2015: $262,010 (+$23,357)Sep 2015: $276,420 (+$14,410)Dec 2015: $310,350 (+$33,930)Jan 2016: $307,436 (-$2,914)Feb 2016: $315,430 (+$7,994)Mar 2016: $340,739 (+$25,309)My husband inadvertently just set our $500k NW goal by declaring that he wants to be a "half-millionaire" by his 30th birthday. So, we have until August 2017 to hit $500k in investible NW. Given our current trajectory, I think this is very likely! I'm personally aiming to hit $500k in March of 2017...no math here, just sending good vibes out into the universe.And a quick NW update, still going strong! Some of the significant increases are due to bonuses - Brown Bear's 6% bonus in April, and then my $5k signing bonus in May. Apr 2016: $356,946 (+$16,207)May 2016: $370,408 (+$13,462)I think we're on track to hit $400k by Brown Bear's 29th birthday in August! Have to wait and see how things go...Movin' on up...June 2016: $377,258 (+$6,850)I should probably mention that we've been diverting all of our extra cash into our house downpayment fund (besides 401(k) contributions, set to max for both). Sadly this means our monthly gains aren't so high right now since the house money is in a checking account yielding 0.75% per year. Still, this tactic means we're dropping $4,380/month into 401(k)s (including matching) and $3k per month into the house fund. Not too shabby. We probably won't hit $400k by the end of August, though, without some magic happening.
Quote from: Cheddar Stacker on June 03, 2016, 07:58:41 AMQuote from: Cheddar Stacker on March 01, 2016, 08:16:32 PM3/1/16NW $414KLiquid $322K6/1/16NW $457KLiquid $350K7/1/16NW $466KLiquid $356KI'm likely to be flat for a couple months due to house renovations. Very little will be going into savings.
