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: $740K and $750K

I've been busy with life and haven't updated our numbers lately but now that I have, I realized that we passed our net worth milestones of $740,000 and $750,000! This awesome year continues! We passed our last net worth milestone of $730K in April. Our net worth is currently $750,394.98. We hope to reach out next milestone of $760K by August. Read more [...]

May 2019 Income Statement

May was a good income month however our expenses were insane (see spreadsheet screenshot). Our total income in May was $14,645.28.  In addition to our regular paychecks, I received a third “extra” paycheck and a monthly bonus of $1,666.66 gross ($926.83 net).  My wife received $947 in auto allowance / mileage reimbursements, $644.99 in internet reimbursements and $76.80 in her side hustle.  We earned $7 in interest income from our savings accounts. This month, our expenses Read more [...]

May 2019 Net Worth Update (-7,722.68)

Overall May was a rough month for our net worth.  Our net worth decreased $7,722.68 from last month to a total of $728,143.17 (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 5% of her 401(K) contribution (100% vested when deposited) and chips in an additional 5% on top of the match in March (vests over Read more [...]

April 2019 Income Statement

April was a good income month however our expenses were nearly identical to our income (see spreadsheet screenshot). Our total income in April was $13,899.59.  In addition to our regular paychecks, I received a monthly bonus of $3,560.58 gross ($1,980.04 net) and my wife received a discretionary bonus of $1,250 gross ($757.96 net).  My wife also received a $531.31 auto allowance / mileage reimbursements and $44.99 in internet reimbursements.  We earned $18.49 in interest income Read more [...]

April 2019 Net Worth Update (+9,864.76)

Overall April was another amazing month!  We passed our $730K net worth goal this month and are fast approaching our $740K net worth goal. Our net worth increased $9,864.76 from last month to a total of $735,865.85 (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 5% of her 401(K) contribution Read more [...]

March 2019 Income Statement

March was an incredible income month and our expense were reasonable considering we enjoyed a long overseas vacation (see spreadsheet screenshot). Our total income in March was $24,745.31.  In addition to our regular paychecks, I received a monthly bonus of $1,750 gross ($973.18 net) and a $450 auto allowance.  My wife also received a quarterly bonus of $19,431.32 gross ($10,829.36 net), $1,540.87 auto allowance / mileage reimbursements and $44.99 in internet reimbursements.  Read more [...]

March 2019 Net Worth Update (+19,827.25)

Overall March rocked!  We passed our $710K and $720K net worth goals this month! Our net worth increased $19,827.25 from last month to a total of $726,011 (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 5% of her 401(K) contribution (100% vested when deposited) and chips in an additional 5% on top Read more [...]