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 [...]

November 2018 Income Statement

November was another a great income month and a lower than usual expense month (see spreadsheet screenshot).  Best of all, we learned that my wife will keep her job and not be part of her company’s layoff.

Our total income in October was $15,665.25.  In addition to our regular paychecks, I received a third “extra” paycheck.  I also received a monthly bonus of $1,250 gross ($730.82 net), $450 auto allowance and $100 holiday gift card.  My wife also received a $923.10 auto allowance / Read more [...]

November 2018 Net Worth Update ($3,853.30)

Overall

In November, we dug our way back bit from our huge $19K decrease last month.  Our net worth increased $3,853.30 from last month to a total of $685,994.57 (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 Read more [...]

Our path to financial independence and retiring early.