We just passed our net worth milestones of $1,300,000 and $1,310,000! Our cyrptocurrency assets have been killin’ it lately. Our net worth is currently $1,316,629. We passed our last net worth milestone of $1,290,000 a few days ago. We hope to reach out next milestone of $1,320,000 this month.

Happy New Year! We were blessed with a financially great 2020 and hope to keep the trend going. Below are our 2021 financial goals:

1) Pass our 2028 Net Worth Goal
We ended 2020 with a net worth of $1,252,846, over 7 years ahead the net worth goal schedule we made back in 2007. We would like to maintain this lead and end 2021 with a net worth over $1,320K (our 2028 net worth goal).

2) Give to church
We attend a small church that our good friends started a couple of years ago.  Since Covid-19, every service has been done via Zoom.  To support our church, we would like to give $3,600 in 2021.

3)Pay home mortgage down to under $200K
In November 2020, our mortgage balance was $169K but we refinanced for a better rate (2.375% vs 2.875%) and to pull cash out to pay off our $43K boat loan that was at 5.24%.  As a result, we are starting 2021 with a $213K mortgage balance.  We hope to reduce that to under $200K through regular monthly payments and additional payments.

4) Contribute $4,000 to 529 Plans ($2,000 for each child)
This is one of our top goals each year and in 2021, we plan to increase our contribution by $500 per child ($2,000 each). Our son is currently 9-years-old with a 529 Plan balance of $37,958.69 and our daughter is 6-years-old with a 529 Plan balance of $23,361.36.

5) Building savings account balance to $30,000
We ended 2020 with $30,361.39 in savings so this goal might seem like a gimmie but there are three reasons it is not.  1) We have to pull $8,200 from savings to pay for property tax, 2) We have to pull $1,725 from savings to pay for the balance due on setting up our living trust,  3) I am not currently working so we are living solely on my wife’s income and possibly some savings.

We just passed our net worth milestone of $1,290,000! Our net worth is currently $1,295,880. We passed our last net worth milestone of $1,280,000 yesterday. We hope to reach out next milestone of $1,300,000 this month.

Happy New Year!  Financially, 2020 was an amazing year and we were very blessed to have crushed all of the financial goals we set for ourselves 12 months ago.  It feels pretty amazing to type that considering I quit my job at the end of October. Thankfully, my wife has an amazing career that she loves. Below are the results of ouf 2020 financial goals: 

1) Pass our 2024 Net Worth Goal – SUCCESS
We started 2020 with a net worth of $829,705 (4 years ahead of schedule) and hoped to pass our 2024 net worth goal of $891,500 by the end of the year.  We were thrilled to end 2020 with a net worth of $1,252,846, surpassing our 2024 goal ($891K), 2025 goal ($986K), 2026 goal ($1,089K) and 2027 goal ($1,200K)!

2) Increase total retirement savings to $475K – SUCCESS
We started 2020 with $386K in retirement savings.  We ended 2020 with $501,473 in retirement savings putting us $26,473 above our goal for the year. This was a great achievement considering that we cashed out $33K worth of 401K when I left my company in October 2020. It feels awesome to have half a million saved for retirement!

3)Create a family trust or will – SUCCESS
On December 3^rd, we started the process to set up a living trust.  The lawyers are charging us $3,450 but it will be well worth it to get this in place.

4) Contribute $3,000 to 529 Plans ($1,500 for each child) – SUCCESS
We contributed $1,550 to our 9-year-old son’s 529 Plan and $1,550 to our 6-year-old daughter’s 529 Plan. Their balances are currently $37,958.69 and $23,361.36, respectively.

5) Building savings account balance to $25,000 – SUCCESS
We started 2020 with $20,024 in savings and ended 2020 with $30,361.39 in savings.  Along the way, we also paid off our vehicle and boat. Such a blessing!

We just passed our net worth milestones of $1,260,000 to $1,280,000! Our net worth is currently $1,289,209. We passed our last net worth milestone of $1,250,000 last month. We hope to reach out next milestone of $1,290,000 next month.

We just passed our net worth milestones of $1,250,000! Our net worth is currently $1,252,846.83. We passed our last net worth milestone of $1,240,000 yesterday. We hope to reach out next milestone of $1,260,000 next month.

We just passed our net worth milestones of $1,240,000! Our net worth is currently $1,244,238. We passed our last net worth milestone of $1,230,000 two days ago. We hope to reach out next milestone of $1,250,000 later this month.

We just passed our net worth milestones of $1,230,000! Our net worth is currently $1,232,514. We passed our last net worth milestone of $1,220,000 yesterday. We hope to reach out next milestone of $1,240,000 later this month.

You may have heard that cyptocurrency prices have been increasing dramatically lately. It has absolutely catapulted our net worth this month and we just passed our net worth milestones of $1,210,000 and $1,220,000. Our net worth is currently $1,223,621. We passed our last net worth milestone of $1,200,000 yesterday lol. We hope to reach out next milestone of $1,230,000 later this month.

Thanks again to our cyptocurrency price appreciation, we just passed our net worth milestone of $1,200,000. Such a blessing! Our net worth is currently $1,203,932. We passed our last net worth milestone of $1,190,000 a few days ago. We hope to reach out next milestone of $1,210,000 later this month.