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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
We just passed our net worth milestone of $1,940,000! Our net worth is currently $1,943,172. We passed our last net worth milestone of $1,930,000 two days ago. We hope to reach our next milestone of $1,950,000 later this month.
We just passed our net worth milestones of $1,910,000 to $1,930,000! Our net worth is currently $1,933,908. We passed our last net worth milestone of $1,900,000 last month. We hope to reach our next milestone of $1,940,000 later this month.
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 [...]
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 [...]
Our path to financial independence and retiring early.
