April 2022 Income Statement

In April, we had the perfect balance of a good income month and low expenses.  Our total income in April was $12,820.67.  In addition to my wife’s regular paychecks (4.05% raise kicked in mid April), she received a third “extra” paycheck and $192.72 company reimbursement for internet.  We received $115.87 in insurance reimbursements and earned $47.00 in interest income from our savings accounts and stablecoins. This month, our expenses totaled $7,128.37.  So good to see!  Read more [...]

April 2022 Net Worth Update (-$138,462.03)

Overall In April, we was a tough month for our net worth.  Most markets seem to be down right now. Our net worth decreased $138,462.03 from last month to a total of $1,457,614.65 (see spreadsheet screenshot).  Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 6% to my wife’s 401(k).  My wife’s company matches up to 6% of her 401(K) contribution and chips in an additional 3% on Read more [...]

March 2022 Income Statement

In March, we had a pretty extreme income month and expense month.  Our total income in March was $15,160.59.  In addition to my wife’s regular paychecks, she received a quarterly bonus of $11,160 gross ($6,513.64 net) and $246.03 company reimbursement for internet.  We received $327.34 in insurance reimbursements and earned $148.46 in interest income from our savings accounts and stablecoins. This month, our expenses totaled $90,870.14  Our largest cost was taxes ($58,444 Read more [...]

March 2022 Net Worth Update (+$32,435.42)

Overall In March, we saw a was a nice increase to our net worth.  Our net worth increased $32,435.42 from last month to a total of $1,596,076.68 (see spreadsheet screenshot).  Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 6% to my wife’s 401(k).  My wife’s company matches up to 6% of her 401(K) contribution and chips in an additional 3% on top of the match at the end of the year Read more [...]

February 2022 Income Statement

In February, we had a pretty standard income month and decent expense month.  Our total income in February was $8,767.03.  In addition to my wife’s regular paychecks, she received $224.42 in company reimbursements for internet.  We received $455.29 in insurance reimbursements and earned $162.18 in interest income from our savings accounts and stablecoins.  My wife was also informed that she will be receiving a 4.05% raise, bringing her salary to $176,060.  She also Read more [...]

February 2022 Net Worth Update (+$6,611.09)

Overall February was a slightly up month for our net worth.  Our net worth increased $6,611.09 from last month to a total of $1,563,641.26 (see 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 6% of her 401(K) contribution and chips in an additional 3% on top of the match at the end of the year (vests Read more [...]

January 2022 Income Statement

In January, we had a pretty standard income month and an awesomely low expense month.  Our total income in January was $8,801.91.  In addition to my wife’s regular paychecks, she received $171.11 in company reimbursements for internet.  We received $270.39 in insurance reimbursements and earned $176.95 in interest income from our savings accounts and stablecoins. This month, our expenses totaled $7,861.87.  That is our lowest expense month since mid 2013! Large, expenses Read more [...]

January 2022 Net Worth Update (-$202,030.92)

Overall January was another rough month for our net worth.  Our net worth decreased $202,030.92 from last month to a total of $1,557,030.17 (see 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 6% of her 401(K) contribution and chips in an additional 3% on top of the match at the end of the year (vests Read more [...]

2022 FINANCIAL GOALS

Happy New Year! Wow, it’s already 2022. We were blessed to have had good success with our financial goals for 2021.  Now let’s see if we can do it again in 2022!  Below are our new financial goals for the coming year. 1) Pass our 2032 Net Worth GoalWe ended 2021 with a net worth of $1,759,061, 10 years ahead the net worth goal schedule. We would like to maintain this lead and end 2022 with a net worth over $1,900K (our 2032 net worth goal). 2) Give to churchWe recently started Read more [...]

REVIEW OF 2021 FINANCIAL GOALS

Happy New Year!  Financially, 2021 was an amazing year, reaching almost all of our 2021 financial goals. In fact, we exceeded most of our goals by a large margin.  This is quite an achievement considering that I quit my job in October 2020.  Thank God it all worked out lol.  Thankfully, my wife has an amazing job that she is stellar at. Below are the results of our 2021 financial goals:  1) Pass our 2028 Net Worth Goal – SUCCESSWe started 2021 with a net worth of $1,252,846 (7 years ahead Read more [...]

Our path to financial independence and retiring early.