2017 Financial Goals

Happy New Year!  Financially, 2016 was a strong year for us, hitting four of our five 2016 financial goals.  We’re looking forward to what the coming year brings and have listed our 2017 financial goals listed below.  I’m excited to be starting off the new 2016 with a new job that begins January 30th (I was laid off in October). 1) Pass our 2020 Net Worth Goals Going into 2017 with a net worth of 517,430.64, we’re blessed to be tracking ~3 years ahead of our net worth targets.  We Read more [...]

Review of 2016 Financial Goals

Happy New Year!  Financially, 2016 was a strong year for us, hitting four of our five financial goals for the year.  It was especially good considering my wife did not start her current job until the end of February 2016 and I was laid off in October 2016.  I will be posting our 2017 financial goals shortly. 1) Pass both our 2016 and 2017 Net Worth Goals - SUCCESS We were blessed to sell our last home for nearly $700K this past summer (only owed $350K on the mortgage).  This helped us absolutely Read more [...]

December 2016 Income Statement

December was an AWESOME income month, especially considering that I am unemployed (go wife!).  As expected during the Christmas season, our expenses were higher than normal (see spreadsheet screenshot). Our total income in December was $22,434.03.  We were very blessed in that my wife received a $17,325 quarterly bonus ($10,152.65 net) this month!  In addition to my wife’s normal two paychecks, she also received a third “extra” paycheck.  I received $1,800 in unemployment.  My wife Read more [...]

December 2016 Net Worth Update (+$17,361.40)

Overall We ended the year really strong!  In December, our net worth increased $17,361.40 to a total of $517,430.64 (see spreadsheet screenshot).  My wife knocked it out of the park, scoring a large $17,325 quarterly bonus ($10,152.65 net).  Huge blessing!  With the bonus, were were able to put $4,880 into savings, made an extra mortgage payment to principal of $1,900, contributed $400 total to our kids 529 Plans, tithed $1,700, and kept the remainder as a cushion in our checking account. Retirement Read more [...]

Scored a new job!

I am happy to have landed a new job.  My entire team was laid off in October so I just accepted an identical position at a competing company.  My new job will start January 30th. Below is a comparison of my old job and my new job.   Old job New job Base Salary $52,000 $45,000 Bonus at 100% $28,000 $30,000 Bonus cap 120% of goal No cap Vehicle Company car & gas card $450 auto allowance* & gas card Vacation per year 2 weeks 2 weeks Sick Read more [...]

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).

Our path to financial independence and retiring early.