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: $650,000

We just passed our net worth milestones of $650,000! We passed our previous net worth milestone of $640,000 last month.  2018 is off to a great start! Our net worth is currently $655,302.68.  Our retirement accounts and cryptocurrencies have been doing amazing in January.  I will update our chart on the right at the end of the month.  We hope to hit our next net worth goal of $660,000 by next month (or maybe even this month). Read more [...]

2018 Financial Goals

Happy New Year!  2017 was a great year for our net worth but we somehow only hit three of our five 2017 financial goals.  I hope we have better luck hitting our goals for 2018.  Here they are:   1) Pass our 2022 Net Worth Goal We enter 2018 with a net worth of $641,732.04, almost 4 years ahead of our net worth goal targets.  God willing, we can secure the 4 year lead by exceeding our 2022 net worth goal of $721,500 in 2018.  My estimates/forecast puts us at $682K by the end of the year Read more [...]

Review of 2017 Financial Goals

Happy New Year!  We had an amazing 2017:  My wife and I both started great new jobs, we invested in quality family time, and our net worth skyrocketed.  Interestingly, we still only hit three of our five financial goals (details below).  I will be posting our 2018 financial goals shortly. 1) Pass our 2020 Net Worth Goal – SUCCESS Going into 2017 with a net worth of $517,430, we were tracking ~3 years ahead of our net worth targets.  We had hoped to maintain this lead and end 2017 above Read more [...]

December 2017 Income Statement

December was a terrific income month but also a high expense month (see spreadsheet screenshot). Our total income in December was $18,756.57.  In addition to our regular paychecks, my wife received a quarterly bonus of 8,077.44 gross ($4,519.27 net). I received a monthly bonus of $2,222.41 gross ($1,254.10 net), and I received a 3rd “extra” paycheck. My wife received a $915.54 auto allowance / mileage reimbursement and I received a $450 auto allowance.  We earned $4.28 in interest income Read more [...]

December 2017 Net Worth Update (+$10,203.97)

Overall In December, our net worth increased $10,203.97 from last month to a total of $641,732.04 (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 new 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 in March).  This month, we contribution of $978.86 Read more [...]

NET WORTH MILESTONE: $640,000

We just passed our net worth milestones of $640,000! We passed our previous net worth milestone of $630,000 last month.  What an awesome way to end the year!

Our net worth is currently $641,128.86.  Most of our growth this month has come from big gains in the cryptocurrencies that we own.  I will update our chart on the right at the end of the month.  We hope to hit our next net worth goal of $650,000 by next month.

NET WORTH MILESTONE: $630,000

We passed our net worth milestones of $630,000 last month and I didn’t realize it! We’ve been blessed with a new net worth milestone ($10K increments) each month this year. We passed our previous net worth milestone of $620,000 in October.

Our net worth is currently $632,159.81.  I will update our chart on the right at the end of the month.  We hope to hit our next net worth goal of $640,000 in December.

November 2017 Income Statement

November was a good income month but also a high expense month (see spreadsheet screenshot). Our total income in November was $13,214.91.  In addition to our regular paychecks, I received a monthly and bonus of $1,708.34 gross ($964.01 net) and a $450 monthly auto allowance.  My wife received a $1,580.66 auto allowance / mileage reimbursement and a $44.99 internet reimbursement.  We earned $4.03 in interest income from our savings accounts. This month, our expenses totaled $13,616.32.  Read more [...]

November 2017 Net Worth Update (+$3,478.31)

Overall In November, our net worth increased $3,478.31 from last month to a total of $631,528.07 (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 new 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 in March).  This month, we contribution of $575.00 Read more [...]

October 2017 Income Statement

October was a very strong income month but also a high expense month (see spreadsheet screenshot). Our total income in October was $14,380.05.  In addition to our regular paychecks, I received a monthly and quarterly bonus of $3,958.33 gross ($2.233.69 net) and a $450 monthly auto allowance.  My wife my wife received a $1,475.81 auto allowance / mileage reimbursement and a $44.99 internet reimbursement.  We earned $4.34 in interest income from our savings accounts. This month, our expenses Read more [...]