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.

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 [...]

December 2021 Income Statement

In December, we had a pretty standard income month and thankfully an amazingly low month expense month.  Our total income in December was $8,547.71.  In addition to my wife’s regular paychecks, she received $215.19 in company reimbursements for internet.  We received $333.00 in child tax credits from the IRS and earned $157.91 in interest income from our savings accounts and stablecoins. This month, our expenses totaled $8,692.62.  That is our lowest expense month since July Read more [...]

December 2021 Net Worth Update (-$143,934.43)

Overall December was a rough month for our net worth.  Our net worth decreased $143,934.43 from last month to a total of $1,759,061.09 (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 over Read more [...]

November 2021 Income Statement

In November, we had a great income month but also a high expense month due to the holidays and home maintenance.  Our total income in November was $19,408.05.  In addition to my wife’s regular paychecks, she received a quarterly bonus of $14,784 gross ($9,708.06 net). My wife also received $227.47 in company reimbursements for internet.  We received $334.00 in child tax credits from the IRS and earned $551.89 in interest income from our savings accounts and stablecoins. This Read more [...]

November 2021 Net Worth Update (-$857.05)

Overall November was basically a neutral month for our net worth.  Our net worth decreased $857.05 from last month to a total of $1,903,747.19 (see spreadsheet screenshot).  We passed our net worth milestones of $1,910K to $1,930K this month but fell back below later in the month. 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 Read more [...]

October 2021 Income Statement

In October, we had a good income and expense month.  Our total income in October was $14,098.91.  In addition to my wife’s regular paychecks, she received a third “extra” paycheck. My wife received $184.20 in company reimbursements for internet.  We also received $334.00 in child tax credits from the IRS.  We earned $85.87 in interest income from our savings accounts and stablecoins. This month, our expenses totaled $12,977.86.  Large, expenses included $864.95 Read more [...]

October 2021 Net Worth Update (+215,984.08)

Overall October was an incredible month for our net worth.  Our net worth increased $215,984.08 from last month to a total of $1,904,604.24 (see spreadsheet screenshot).  We passed our net worth milestones of $1,800K to $1,900K this month! 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 Read more [...]