All posts by 1MansMoney

I am a guy pushing 40 that is married to a beautiful woman in her 30's. If I can only have as much luck with our finances.

NET WORTH MILESTONE: $560,000

We just passed our net worth milestone of $560,000!  We passed our previous net worth milestone of $550,000 last month.  2017 is tracking to be our best net worth year by far.
Our net worth is currently $561,030.39.  I will update our chart on the right at the end of the month.  We hope to hit our next net worth goal of $570,000 by July.

April 2017 Income Statement

April was a good income month and a somewhat high expense month (see spreadsheet screenshot). Our total income in April was $11,622.20.  In addition to our two regular paychecks, I received a monthly bonus of $2,500 gross ($1,496.25 net). We also got a $450 monthly auto allowance from my company and $55.99 in internet reimbursement from my wife’s company.  We earned $2.83 in interest income from our savings account. This month, our expenses were a bit higher than budgeted, but not too Read more [...]

April 2017 Net Worth Update (+$9,497.74)

Overall April was a very good month. Our net worth increased $9,497.74 from last month to a total of $557,368.53 (see spreadsheet screenshot).  We passed our $550K net worth milestones this month and nearly made it to $560K. 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 Read more [...]

NET WORTH MILESTONE: $550,000

Wow!  We have been blessed with an awesome 2017 so far. We just passed our net worth milestone of $550,000!  We passed our previous net worth milestone of $540,000 last month.  To give you an idea of what a great year 2017 has been so far, we ended 2016 with a net worth of $517K.  That's a lot of growth in a short period of time! Our net worth is currently $551,671.59.  I will update our chart on the right at the end of the month.  We hope to hit our next net worth goal of $560,000 by June. Read more [...]

March 2017 Income Statement

March was a phenomenal income month and a high expense month (see spreadsheet screenshot). Our total income in March was $32,097.07, our second highest income month ever (April 2014 was our highest at $37,327).  My wife received a 1.5% raise this month.  In addition to our two regular paychecks, my wife received a quarterly bonus of $17,325 gross ($9,776.48 net) and I received a monthly bonus of $2,500 gross ($1,496.25 net). We also got a  $10,750 tax refund ($8,688 federal, $2,062state), $450 Read more [...]

March 2017 Net Worth Update (+$19,709.83)

Overall March was an AWESOME month. Our net worth increased $19,709.83 from last month to a total of $548,870.79 (see spreadsheet screenshot).  We passed our $530K and $540K net worth milestones 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 and chips in an additional 5% on top of the match (both 100% Read more [...]

February 2017 Income Statement

February was a good income month and a lower than average expense month (see spreadsheet screenshot). I started a new job on 1/30/75 and our total income in February was $9,683.90.  My wife received her two regular paychecks and I received one week unemployment ($450), half a paycheck and a full paycheck.   My wife also received $341.17 in company reimbursements.  We also earned $1.42 in interest income from our savings account. This month, our spending was lower than it has been in many Read more [...]

Net Worth Milestone: $530,000

2017 is off to an amazing start.  We passed our net worth milestone of $530,000 today!  We passed our previous net worth milestone of $520,000 in January. Our net worth is currently $530,358.81.  I will update our chart on the right at the end of the month.  Thanks to a huge quarterly bonus that my wife will receive this month, we should pass our net worth milestone of $540,000 in a couple of week! Read more [...]

February 2017 Net Worth Update (+$8,724.58)

Overall February was a very good month. Our net worth increased $8,724.58 from last month to a total of $529,160.96 (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).  I just started a new job and am not Read more [...]