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.

March 2018 Income Statement

March was an outstanding income month but also a high expense month (see spreadsheet screenshot). Our total income in March was $22,787.57.  This month, I received an 11% raise and my wife received a 1.55% raise.  In addition to our regular paychecks, I received a monthly bonus of $1,250 gross ($730.82 net) and my wife received a quarterly bonus of $14,275.44 gross ($8,109.17 net).  My wife also received a $1,392.22 auto allowance / mileage reimbursement and I received a $450 auto allowance. Read more [...]

March 2018 Net Worth Update ($6,118.13)

March 2018 Net Worth Update ($6,118.13) Overall March was a good month for our net worth.  It increased $6,118.13 from last month to a total of $654,214.48 (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 Read more [...]

NET WORTH MILESTONE: $660,000

We just passed our net worth milestones of $660,000! We passed our previous net worth milestone of $650,000 in January.

Our net worth is currently $660,212.53. Our retirement accounts have had the biggest impact MTD. I will update our chart on the right at the end of the month.

My wife will be receiving a large bonus that may bump us past $670,000 by the end of the month!

February 2018 Income Statement

February was a good income month (almost identical to last month) but also a high expense month (see spreadsheet screenshot). Our total income in February was $14,731.26.  In addition to our regular paychecks, I received a monthly bonus of $1,704.83 gross ($996.74 net).  My wife received a $1,027.31 auto allowance / mileage reimbursement and I received a $450 auto allowance.  My wife also received a $2,112.28 reimbursement for internet and other expenses.  We earned $4.43 in interest income Read more [...]

February 2018 Net Worth Update (-$4,165.63)

Overall Sadly, February was not a good month for our net worth.  It decreased $4,165.63 from last month to a total of $648,096.35 (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 Read more [...]

January 2018 Income Statement

January was a good income month but also a high expense month (see spreadsheet screenshot). Our total income in January was $14,784.09.  In addition to our regular paychecks, I received a monthly and quarterly bonus of $4840.83 gross ($2693.72 net). My wife received a $1,350.20 auto allowance / mileage reimbursement and I received a $450 auto allowance.  We earned $4.69 in interest income from our savings accounts. This month, our expenses totaled $14,388.27, just barely less than our total Read more [...]

January 2018 Net Worth Update (+$10,529.94)

Overall In January, our net worth increased $10,529.94 from last month to a total of $652,261.98 (see spreadsheet screenshot).  We passed our $650K net worth milestone this month! 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 Read more [...]

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 [...]