We just passed our net worth milestones of $720,000! That’s the 2nd net worth milestone we’ve passed this month!
Our net worth is currently $720,783.27. We hope to reach out next milestone of $730K by September.
All posts by 1MansMoney
NET WORTH MILESTONE: $710,000
We just passed our net worth milestones of $710,000! It has been a long time since we reached a new net worth milestone. We passed our previous milestone of $700,000 way back in September.
Our net worth is currently $712,820.28. We hope to reach the $720K milestone by May.
February 2019 Income Statement
February was an amazing income month and our expense were
pretty reasonable (see spreadsheet screenshot).
Our total income in February was $22,966.71. In addition to our regular paychecks, I
received a monthly bonus of $1,041.67 gross ($721.89 net) and a $450 auto
allowance. My wife also received a $1,342.96
auto allowance / mileage reimbursement, $44.99 in reimbursements and sold
$2,343.60 of her company stock. We
earned $6.31 in interest income from our savings accounts. Read more [...]
February 2019 Net Worth Update (+15,692.06)
Overall
February kicked butt! Our net worth increased $15,692.06 from last
month to a total of $706,173 (spreadsheet screenshot). It was nice to pass $700K net worth again since
we tippy toed by it in September 2018 but dropped back down.
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 company matches up to 5% of her 401(K) contribution and chips Read more [...]
January 2018 Income Statement
January was a better income month than expected but our expense
exceeded our income (see spreadsheet screenshot).
Our total income in January was $14.905.77. In addition to our regular paychecks, I received a monthly/quarterly combined bonus of $3,458.33 gross ($2,579.37 net) and a $450 auto allowance. My wife also received a bonus of $2,804.69 gross ($1,579.75 net), a $681.67 auto allowance / mileage reimbursement, and $44.99 in reimbursements. We earned $12.32 in interest income from Read more [...]
January 2019 Net Worth Update (+$23,481.51)
Overall
2019 is off to a strong
start! Our net worth increased $23,481.51
from last month to a total of $690,481.78 (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
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). Read more [...]
2019 FINANCIAL GOALS
Happy New Year! The years
have been flying by and we have set some exciting financial goals for ourselves
in 2019. Here they are:
1) Pass our 2022 Net Worth Goal
We ended 2018 with a net worth of $667,000,
over 3 years ahead of our 2018 net worth goal.
We would like to keep this lead and end 2019 with a net worth over $721,500 (our 2022 net worth goal).
2) Reduce average monthly
expenses by $1,000
We spent an average of $15,620 per month in 2018. An insane amount Read more [...]
Review of 2018 Financial Goals
Wow! 2018 flew by!
Happy New Year! 2018 was another blessed year for our family. We were on track to hit all of our goals
until the stock market dropped at the end of the year. Even though we only hit three of our five 2018
financial goals, I still am counting it as a very good year. Here are the
details:
1) Pass our 2022 Net Worth Goal - FAIL We had a very good chance to hit our 2022 net worth goal of $721,500 but the market dump at the end of the Read more [...]
December 2018 Income Statement
December was an outstanding income month and a lower than
usual expense month (see spreadsheet screenshot).
Our total income in December was very good at $23,684.28. In addition to our regular paychecks, I
received a monthly bonus of monthly bonus $1,332.08 gross ($778.82 net) and a $450
auto allowance. My wife also received $10,193
gross ($6,482.51 net) quarterly bonus, $3,150 special company bonus (on a credit
card), a $641.50 auto allowance / mileage reimbursement, and $44.99 Read more [...]
December 2018 Net Worth Update (-$18,994.30)
Overall
It sucks to end 2018 on a down
note but in December our net worth experienced another huge decrease due to the
stock market. Our net worth decreased $18,994.30
from last month to a total of $667,000.27 (see spreadsheet screenshot). It’s good that we are buying shares at a
discounted rate but no fun to see our numbers drop.
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our
Roth IRAs and our Traditional IRAs. We
contribute 5% to Read more [...]