March 2017 Income Statement

March was a phenomenal income month and a high expense month (see spreadsheet screenshot). Our total income in March was $32,097.07, our second highest income month ever (April 2014 was our highest at $37,327).  My wife received a 1.5% raise this month.  In addition to our two regular paychecks, my wife received a quarterly bonus of $17,325 gross ($9,776.48 net) and I received a monthly bonus of $2,500 gross ($1,496.25 net). We also got a  $10,750 tax refund ($8,688 federal, $2,062state), $450 Read more [...]

March 2017 Net Worth Update (+$19,709.83)

Overall March was an AWESOME month. Our net worth increased $19,709.83 from last month to a total of $548,870.79 (see spreadsheet screenshot).  We passed our $530K and $540K net worth milestones 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 company matches up to 5% of her 401(K) contribution and chips in an additional 5% on top of the match (both 100% Read more [...]

February 2017 Income Statement

February was a good income month and a lower than average expense month (see spreadsheet screenshot). I started a new job on 1/30/75 and our total income in February was $9,683.90.  My wife received her two regular paychecks and I received one week unemployment ($450), half a paycheck and a full paycheck.   My wife also received $341.17 in company reimbursements.  We also earned $1.42 in interest income from our savings account. This month, our spending was lower than it has been in many Read more [...]

Net Worth Milestone: $530,000

2017 is off to an amazing start.  We passed our net worth milestone of $530,000 today!  We passed our previous net worth milestone of $520,000 in January. Our net worth is currently $530,358.81.  I will update our chart on the right at the end of the month.  Thanks to a huge quarterly bonus that my wife will receive this month, we should pass our net worth milestone of $540,000 in a couple of week! Read more [...]

February 2017 Net Worth Update (+$8,724.58)

Overall February was a very good month. Our net worth increased $8,724.58 from last month to a total of $529,160.96 (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).  I just started a new job and am not Read more [...]

January 2017 Income Statement

NOTE: I am posting our January income statement early because I will be busy training at my new job next week:) January was an average income month and a surprisingly large expense month (see spreadsheet screenshot). Our total income in January was $8,524.38.  My wife received her two regular paychecks and I received $1,800 in unemployment.  My wife also received $44.99 in company reimbursements and we unexpectedly received a $93.16 Annual Escrow Acct Disclosure Statement refund.  We also Read more [...]

January 2017 Net Worth Update (+$3,005.74)

NOTE: I am posting our January net worth update early because I will be busy training at my new job next week:) Overall 2017 got off to a pretty good start.  We saw awesome gains in the market but the were offset a bit by pulling cash from savings.  In January, our net worth increased $3,007.34 from last month to a total of $520,437.98 (see spreadsheet screenshot).  It was great to pass our net worth milestone of $520K this month. Retirement Accounts Our retirement accounts Read more [...]

2017 Financial Goals

Happy New Year!  Financially, 2016 was a strong year for us, hitting four of our five 2016 financial goals.  We’re looking forward to what the coming year brings and have listed our 2017 financial goals listed below.  I’m excited to be starting off the new 2016 with a new job that begins January 30th (I was laid off in October). 1) Pass our 2020 Net Worth Goals Going into 2017 with a net worth of 517,430.64, we’re blessed to be tracking ~3 years ahead of our net worth targets.  We Read more [...]

Our path to financial independence and retiring early.