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.

January 2020 Income Statement

In January, we had a good income month and but also a high expense month (see spreadsheet screenshot). Our total income in January was $14,652.22.  In addition to our regular paychecks, I received a monthly and quarterly bonus $5,100 gross ($2,799.70 net) and my wife received a discretionary bonus of $1,000 gross ($533.69 net).  My wife also received $1,072.85 in auto allowance / mileage reimbursements, $600 in gym reimbursements and $46.99 in internet reimbursements.  We also Read more [...]

January 2020 Net Worth Update (+17,380.49)

OverallJanuary was an amazing start to 2020! We were blessed to pass our net worth milestones of $830K and $840K this month. Our net worth increased $17,380.49 from last month to a total of $847,085.85 (see spreadsheet screenshot). Retirement AccountsOur 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 5% of her 401(K) contribution (100% vested when deposited) and chips in Read more [...]

2020 FINANCIAL GOALS

Happy New Year! Somehow I forgot to post our 2020 financial goals earlier this month. 2019 was an amazing year and we hope to conquer some exciting financial goals in 2020. Here they are: 1) Pass our 2024 Net Worth Goal We ended 2019 with a net worth of $829,705, over 4 years ahead of our 2019 net worth goal. We would like to maintain this lead and end 2020 with a net worth over $891,500 (our 2024 net worth goal). 2) Increase total retirement savings to $475K We ended 2019 with $386K Read more [...]

REVIEW OF 2019 FINANCIAL GOALS

Review of 2019 Financial Goals Happy New Year!  We had a blessed year and did pretty good on our financial goals.  Here they are:   1) Pass our 2022 Net Worth Goal - SUCCESS We’ve been tracking 3 years ahead of our net worth goals and were able to increase this trend to 4 years ahead of our goals in 2019.  We ended 2019 with a net worth of $829,705, well above our 2019 goal ($510K), 2020 goal ($575K), 2021 goal ($645K), 2022 goal ($721K) and 2023 goal ($803K).  Amazing! 2) Read more [...]

December 2019 Income Statement

In December, we had one of our largest income months ever and a reasonable expense month too, considering our income (see spreadsheet screenshot). Thank God for our blessings! Our total income in December was an amazing $32,598.24!  This was our 3rd largest income month ever (larger months were: $37,327.14 in Feb 2014 and $35,641.77 in Sept 2017). In addition to our regular paychecks, I received a monthly bonus of $1,950 gross ($1,084.39 net) and my wife received a quarterly bonus of $19,500 Read more [...]

December 2019 Net Worth Update (+29,555.75)

Overall December was another HUGE month for our net worth.  Our net worth increased $29,555.75 from last month to a total of $829,705.36 (see spreadsheet screenshot).  We passed our net worth milestones of $810K and $820K in December!  We nearly passed $830K too!  What a great way to end the year!  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).  Read more [...]