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 [...]
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 [...]
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 [...]
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 [...]
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 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 [...]
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 [...]
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.
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 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 [...]
Our path to financial independence and retiring early.
