Net Worth Milestone: $510,000

Thanks to a large quarterly bonus that my wife received today, we were able to pass our net worth milestone of $510,000!    We passed our previous net worth milestone of $500,000 last month.

Our net worth is currently $511,242.83.  I will update our chart on the left at the end of the month.

We hope to hit our next net worth milestone of $520,000 by February.

November 2016 Income Statement

November was our first full month with me on unemployment (I was laid off on 10/3/16).  It was one of our more modest income months but our expenses have come down a good amount (see spreadsheet screenshot). Our total income in November was $8,501.32.  My wife received her normal two paychecks.  I received $1,800 in unemployment.  My wife also received $138.34 in company reimbursements. We earned $2.54 in interest income from our savings account. This month, we successfully keep our spending Read more [...]

November 2016 Net Worth Update (+$8,837.58)

Overall In November, our net worth increased $8,837.58 to a total of $500,069.24 (see spreadsheet screenshot).  Nice to have a solid month, considering we’re just on one income after I lost my job last month.  We passed the net worth milestone of $500K this month! Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 5% to my wife’s 401(k).  My wife’s company matches up to 5% of her 401(K) contribution Read more [...]

Net Worth Milestone: $500,000

We just passed our net worth milestone of $500,000!  I can’t believe we’re half-millionaires!  LOL!  We passed our previous net worth milestone of $490,000 in July.

Our net worth is currently $500,112.59.  I will update our chart on the left at the end of the month.

We hope to hit our next net worth milestone of $510,000 by next month (thanks to wife’s large quarterly bonus).

October 2016 Income Statement

Even though I was laid off on 10/3/16, October was a great income month.  Thankfully, we were also able to keep our expenses down as well (see spreadsheet screenshot). Our total income in October was $14,112.96.  My wife received her normal two paychecks.  I received one regular paycheck, a $1,690.64 bonus check, a $1,254.25 check for cashed out vacation + 4 extra days, and a $1,795.50 severance check.  I received $1,350 in unemployment in October.  My wife received $114.98 in company reimbursements. Read more [...]

October 2016 Net Worth Update (-$1,027.38)

Overall In October, our net worth decreased $1,027.38 to a total of $491,231.66 (see spreadsheet screenshot).  Almost all the reduction was due to the stock market performance. Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 10% to my 401(k) and 5% to my wife’s 401(k).  My company matches up to $1,000 per year (vested over five years).  My wife’s company matches up to 5% of her 401(K) contribution Read more [...]

September 2016 Income Statement

September was a good income month and a huge expense month (see spreadsheet screenshot). Our total income in September was $11,971.21.  In addition to our paychecks, my wife received a quarterly bonus of $4,642 gross ($2,619.66 net).  She also received $50 in company reimbursements. We earned $4.36 in interest income from our savings account. This month, we spent a total of $17,211.79.  Big ticket items include $3,973 in furniture and maintenance, $1,062 in giving, and $614 in entertainment.  Read more [...]

September 2016 Net Worth Update (+3,400.08)

Overall In September, our net worth increased $3,400.08 to a total of $492,259.04 (see spreadsheet screenshot).   The increase can from retirement savings contributions and paying down debt.  The biggest surprise this month was to learn on 9/28/16 that my company is laying off my team and our final day is 10/3/16.  I will receive 3 weeks severance, ~7 days cashed out PTO, and a final bonus check of ~$2,400 gross. Retirement Accounts Our retirement accounts are comprised of our Read more [...]

August 2016 Income Statement

August was a good income month and a large expense month (see spreadsheet screenshot). Our total income in August was $11,369.67.  In addition to our paychecks, received a small auto reimbursement of $143.80 for the last few days that I drove my personal vehicle (I have a company vehicle now) and my wife received $50 in company reimbursements. We also received a $688.22 property insurance refund and a $50 rebate.  We earned $4.27 in interest income from our savings account. This month, we Read more [...]

August 2016 Net Worth Update (-3,405.11)

Overall In August, our net worth decreased $3,405.11 to a total of $488,858.96 (see spreadsheet screenshot).   The decrease was primarily from selling our vehicle at a loss and having to dip into savings. Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 10% to my 401(k) and 5% to my wife’s 401(k).  My company matches up to $1,000 per year (vested over five years).  My wife’s company matches up to Read more [...]

Our path to financial independence and retiring early.