In March, we had an awesome income month and a reasonable expense month considering the income (see spreadsheet screenshot).
Our total income in March was $29,578.19. In addition to our regular paychecks, I received a monthly bonus of $1,811.88 gross ($994.65 net) and my wife received a bonus of $18,649.36 gross ($14,352.39 net). My wife also received $646.57 in auto allowance / mileage reimbursements, $300 in gift credit cards and $46.99 in internet reimbursements. We received Read more [...]
Overall
As expected, March was a rough
month for our net worth. Our net worth decreased
$38,837.58 from last month to a total of $765,419.53 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our
Roth IRAs and our Traditional IRAs. We
contribute 8% 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 an additional 5% on top of the Read more [...]
In February, we had a good income month and a good (relatively
low) expense month (see spreadsheet screenshot).
Our total income in February was $14,424.37. In addition to our regular paychecks, I
received a monthly bonus of $2,075 gross ($1,139.08 net) and my wife received an
award bonus of $3,383 gross ($2,000 net).
My wife also received $509.50 in auto allowance / mileage reimbursements
and $46.99 in internet reimbursements. We
also earned $15.44 in interest income from our Read more [...]
Overall
February was a tough month for
our net worth. At one point during the
month, we passed our net worth milestones of $850K. By the end of February, our net worth had plummeted.
Our net worth decreased $42,828.74 from
last month to a total of $804,257.11 (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 Read more [...]
We passed our net worth milestones of $850K this month! Our net worth is currently $856,759. We passed our last net worth milestone of $840K last month. We hope to reach out next milestone of $860K next month.
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 [...]
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 [...]
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 [...]
We passed our net worth milestones of $840K this month! Our net worth is currently $848,551. We passed our last net worth milestone of $830K earlier this month. We hope to reach out next milestone of $850K next month.
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 [...]
Our path to financial independence and retiring early.
