We passed our net worth milestones of $1,070,000 this month. Our net worth is currently $1,072,554. We passed our last net worth milestone of $1,060,000 earlier this month. We hope to reach out next milestone of $1,080,000 in November.
All posts by 1MansMoney
NET WORTH MILESTONE: $1,060,000
We passed our net worth milestones of $1,060,000 this month. Our net worth is currently $1,066,318. We passed our last net worth milestone of $1,050,000 earlier this month. We hope to reach out next milestone of $1,070,000 in November.
NET WORTH MILESTONE: $1,050,000
We passed our net worth milestones of $1,050,000 this month. Our net worth is currently $1,054,027. We passed our last net worth milestone of $1,040,000 last month. We hope to reach out next milestone of $1,060,000 in November.
September 2020 Income Statement
In September, we had a very good income month and we were able to keep our expenses somewhat in line.
Our total income in September was $26,081.26. In addition to our regular paychecks, I received a pro rated quarterly bonus of $4,056 gross ($2,226.59 net) and a monthly draw/commission of $1,375.73 gross ($930.39 net). My wife received a quarterly bonus of $18,750 gross ($12,310.46 net) from her old company. We received $412.95 in company reimbursements. Plus, we earned $13.13 Read more [...]
September 2020 Net Worth Update (+$4,578.30)
Overall
We passed our net worth milestones of $1,040K in September but by the end of the month, we were slightly below the milestone. The stock market took a beating this month and our investments reflect it. That being said, our net worth still increased $4,578.30 from last month to a total of $1,037,629.55 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contribute Read more [...]
NET WORTH MILESTONE: $1,040,000
We passed our net worth milestones of $1,040,000 this month. Our net worth is currently $1,040,873. We passed our last net worth milestone of $1,030,000 last month. We hope to reach out next milestone of $1,050,000 in October.
August 2020 Income Statement
In August, we had a really great income month but we also spent a bunch of money too.
Our total income in August was $37,075.15! In addition to our regular paychecks, I received a monthly bonus of $2,141.00 gross ($1,175.33 net). My wife also sold her company stock for $25,698.14! Plus, we earned $14.14 in interest income from our savings accounts.
This month, our expenses totaled $20,021.29! Large expenses included $839.21 in vacation, $800.76 boat property tax and $1,574.70 in Read more [...]
August 2020 Net Worth Update (+$42,629.34)
Overall
We officially became millionaires in August! We passed our net worth milestones of $1,000K, $1,010K, $1,020K and $1,030K. Our net worth increased $42,629.34 from last month to a total of $1,033,051.25 (see spreadsheet screenshot). Such a blessing!
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 6% of her 401(K) contribution Read more [...]
NET WORTH MILESTONE: $1,030,000
August keeps getting better! We passed our net worth milestones of $1,030,000. Our net worth is currently $1,032,446. We passed our last net worth milestone of $1,020,000 earlier this month. We hope to reach out next milestone of $1,040,000 in September.
NET WORTH MILESTONE: $1,020,000
Another amazing month! We passed our net worth milestones of $1,020,000. Our net worth is currently $1,022,219. We passed our last net worth milestone of $1,010,000 earlier this month. We hope to reach out next milestone of $1,030,000 in September.