July 2019 Income Statement

July was a good income month and a very low expense (see spreadsheet screenshot). Our total income in July was $15,757.70.  In addition to our regular paychecks, I received a monthly bonus of $3333.33 gross ($1,853.35 net) and my wife received a discretionary bonus of $500 gross ($331.12 net).  My wife received $1,763.04 in auto allowance / mileage reimbursements and $44.99 in internet reimbursements.  We earned $0.01 in interest income from our savings accounts. This month, Read more [...]

July 2019 Net Worth Update +$11,432.56

Overall July was a great month for our net worth.  Our net worth increased $7,207.62 from last month to a total of $761,153.63 (spreadsheet screenshot).  Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 7% to my wife’s 401(k).  My wife’s company matches up to 5% of her 401(K) contribution (100% vested when deposited) and chips in an additional 5% on top of the match in March (vests over Read more [...]

June 2019 Income Statement

June was a good income month, however, our expenses were almost as bad as last month (see spreadsheet screenshot). Our total income in June was $19,165.79.  In addition to our regular paychecks, I received a monthly bonus of $1,458.33 gross ($810.96 net) and my wife received a quarterly bonus of $10,750 gross ($5,966.93 Net).  My wife received $1,127.98 in auto allowance / mileage reimbursements and $44.99 in internet reimbursements.  We earned $0.76 in interest income from our savings Read more [...]

June 2019 Net Worth Update (+25,802.84)

Overall June was an incredible month for our net worth.  Our net worth increased $25,802.84 from last month to a total of $753,946.01 (spreadsheet screenshot).  Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 7% to my wife’s 401(k).  My wife’s company matches up to 5% of her 401(K) contribution (100% vested when deposited) and chips in an additional 5% on top of the match in March Read more [...]

NET WORTH MILESTONE: $740K and $750K

I've been busy with life and haven't updated our numbers lately but now that I have, I realized that we passed our net worth milestones of $740,000 and $750,000! This awesome year continues! We passed our last net worth milestone of $730K in April. Our net worth is currently $750,394.98. We hope to reach out next milestone of $760K by August. Read more [...]

May 2019 Income Statement

May was a good income month however our expenses were insane (see spreadsheet screenshot). Our total income in May was $14,645.28.  In addition to our regular paychecks, I received a third “extra” paycheck and a monthly bonus of $1,666.66 gross ($926.83 net).  My wife received $947 in auto allowance / mileage reimbursements, $644.99 in internet reimbursements and $76.80 in her side hustle.  We earned $7 in interest income from our savings accounts. This month, our expenses Read more [...]

May 2019 Net Worth Update (-7,722.68)

Overall May was a rough month for our net worth.  Our net worth decreased $7,722.68 from last month to a total of $728,143.17 (spreadsheet screenshot).  Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 7% to my wife’s 401(k).  My wife’s company matches up to 5% of her 401(K) contribution (100% vested when deposited) and chips in an additional 5% on top of the match in March (vests over Read more [...]

April 2019 Income Statement

April was a good income month however our expenses were nearly identical to our income (see spreadsheet screenshot). Our total income in April was $13,899.59.  In addition to our regular paychecks, I received a monthly bonus of $3,560.58 gross ($1,980.04 net) and my wife received a discretionary bonus of $1,250 gross ($757.96 net).  My wife also received a $531.31 auto allowance / mileage reimbursements and $44.99 in internet reimbursements.  We earned $18.49 in interest income Read more [...]

April 2019 Net Worth Update (+9,864.76)

Overall April was another amazing month!  We passed our $730K net worth goal this month and are fast approaching our $740K net worth goal. Our net worth increased $9,864.76 from last month to a total of $735,865.85 (spreadsheet screenshot).  Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 7% to my wife’s 401(k).  My wife’s company matches up to 5% of her 401(K) contribution Read more [...]

Our path to financial independence and retiring early.