Happy New Year! The years
have been flying by and we have set some exciting financial goals for ourselves
in 2019. Here they are:
1) Pass our 2022 Net Worth Goal
We ended 2018 with a net worth of $667,000,
over 3 years ahead of our 2018 net worth goal.
We would like to keep this lead and end 2019 with a net worth over $721,500 (our 2022 net worth goal).
2) Reduce average monthly
expenses by $1,000
We spent an average of $15,620 per month in 2018. An insane amount Read more [...]
Wow! 2018 flew by!
Happy New Year! 2018 was another blessed year for our family. We were on track to hit all of our goals
until the stock market dropped at the end of the year. Even though we only hit three of our five 2018
financial goals, I still am counting it as a very good year. Here are the
details:
1) Pass our 2022 Net Worth Goal - FAIL We had a very good chance to hit our 2022 net worth goal of $721,500 but the market dump at the end of the Read more [...]
December was an outstanding income month and a lower than
usual expense month (see spreadsheet screenshot).
Our total income in December was very good at $23,684.28. In addition to our regular paychecks, I
received a monthly bonus of monthly bonus $1,332.08 gross ($778.82 net) and a $450
auto allowance. My wife also received $10,193
gross ($6,482.51 net) quarterly bonus, $3,150 special company bonus (on a credit
card), a $641.50 auto allowance / mileage reimbursement, and $44.99 Read more [...]
Overall
It sucks to end 2018 on a down
note but in December our net worth experienced another huge decrease due to the
stock market. Our net worth decreased $18,994.30
from last month to a total of $667,000.27 (see spreadsheet screenshot). It’s good that we are buying shares at a
discounted rate but no fun to see our numbers drop.
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our
Roth IRAs and our Traditional IRAs. We
contribute 5% to Read more [...]
November was another a great income month and a lower than usual expense month (see spreadsheet screenshot). Best of all, we learned that my wife will keep her job and not be part of her company’s layoff.
Our total income in October was $15,665.25. In addition to our regular paychecks, I received a third “extra” paycheck. I also received a monthly bonus of $1,250 gross ($730.82 net), $450 auto allowance and $100 holiday gift card. My wife also received a $923.10 auto allowance / Read more [...]
In November, we dug our way back bit from our huge $19K decrease last month. Our net worth increased $3,853.30 from last month to a total of $685,994.57 (see spreadsheet screenshot).
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 and chips in an additional 5% on top of the match (both 100% vested when Read more [...]
October was a great income month and a high expense month (see spreadsheet screenshot).
Our total income in October was $16,986.62. In addition to our regular paychecks, my wife received a $2,250 gross ($1,524.87 net) supplemental bonus and a $250 gift card. I received a monthly bonus of $2,708.33 gross ($1,583.47 net). My wife also received a $1,370.46 auto allowance / mileage reimbursement and I received a $450 auto allowance. We earned $5.87 in interest income from our savings accounts.
Ouch! October was a tough month for our net worth. It decreased $19,377.10 from last month to a total of $682,141.27 (see spreadsheet screenshot).
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 and chips in an additional 5% on top of the match (both 100% vested when deposited in March). This month, we Read more [...]
September was an amazing income month and a very high expense month (see spreadsheet screenshot).
Our total income in September was $20,260.50. In addition to our regular paychecks, my wife received a quarterly bonus of $10,159.17 gross ($5,964.95 net) and I received a monthly bonus of $1,666.66 gross ($977.19 net). My wife also received a $1,524.78 auto allowance / mileage reimbursement and I received a $450 auto allowance. We earned $5.89 in interest income from our savings accounts.
September was very good month for our net worth. It increased $9,901.66 from last month to a total of $701,518.37 (see spreadsheet screenshot).
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 and chips in an additional 5% on top of the match (both 100% vested when deposited in March). This month, we contributed Read more [...]
Our path to financial independence and retiring early.
