Star*Bucks ERE Journal

Where are you and where are you going?
Star*Bucks
Posts: 105
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Sat Apr 01, 2017 4:49 pm

March 2017 Update:

Image

Current Assets:
Cash $2,428
Main 401k $122,922
2nd 401k $1,958
IRA $24,409
Roth IRA $6,410
HSA $11,494
Home $70,000
Car $19,552

Current Debts:
Credit Card. -$547

February's Net Worth: $254,446
Current Net Worth: $258,626

Net Worth Increase of $4,180
February’s SWR 7.1%
March’s SWR 6.96%


I did my taxes and I had to pay 4k in combined State & Federal Taxes. I made too much money in 2016 even after all of my deductions, so I was forced to recharacterize my 2016 Traditional IRA to a Roth IRA. I was hoping for a 5 figure net worth increase this month but due to paying 4k in income taxes and a small drop in fund values my increase was only $4,180. I will really have to try hard to make up for this short coming. April will be costly as well since I'll have $1,700 in Property Taxes to pay. 2017 definitely isn't panning out the way I had planned, but barring any other surprises I should be able to start investing after tax dollars in June.

Goals for March 2017 were:
-Try to hit a 5 Figure Net Worth Increase FAIL!
-Look for a 2nd job Done but didn’t take the offer

Goals for April 2017 are:
-Start hitting the gym
-Pay Property Tax Bill

Star*Bucks
Posts: 105
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Sat Apr 01, 2017 4:53 pm

Q1 2017 Review:



Q1 Progress

January + $6,712
February + $2,694
March + $4,180


Total Q1 Progress $13,586


Current SWR 6.96%

This has been by far the worst quarter in a long time. Lots of catching up to do to make up the difference. I want to stay at a minimum of 20k net worth increase per quarter but this year I really wanted to go for the 25k per quarter increase. I hope the following quarter will be better and I’m being realistic here I know when the market pulls back it will sting but I’m looking forward to getting lots more shares at a discount. That’s all for now.

Star*Bucks
Posts: 105
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Thu May 04, 2017 11:22 am

April 2017 Update:

Image

Current Assets:
Cash $3,903
Main 401k $126,973
IRA $25,803
Roth IRA $6,214
HSA $11,799
Home $70,000
Car $19,552

Current Debts:
Credit Card. -$408

March's Net Worth: $258,626
Current Net Worth: $263,836

Net Worth Increase of $5,210
March’s SWR 6.96%
Current SWR 6.83%


I'm a few days late posting this update. I attempted to post on the first but the forum was down and I've been extremely busy. April was an expensive month. I paid DMV Registration of $235 & Property Taxes of $1,700. I was able to roll over my old 401k from my previous employer to Vanguard after they gouged me with two separate $100 fees which equates to about 10% of the total value in fees. What a shit company! Also I'm finally to a point where I can start saving after tax dollars. It's been an unexpectedly expensive 2017. I will begin by saving a emergency fund with a institution that will give me at least 1% interest on a savings account. I would like to get to a point where I can save $8,800 in the emergency fund which would be exactly what I need to max out 2018's IRA & HSA. Money saved beyond that I may look to invest.

Goals for April 2017 were:
-Start hitting the gym FAIL
-Pay Property Tax Bill DONE!


Goals for May 2017 are:
-Start saving as much as possible in after tax dollars.

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Frugalchicos
Posts: 31
Joined: Wed Apr 19, 2017 9:23 pm
Location: Chicago
Contact:

Re: Star*Bucks ERE Journal

Post by Frugalchicos » Wed May 10, 2017 9:52 pm

Congratulations on your 250K. Halfway there!

Keep it up, it will pay off

thrifty++
Posts: 607
Joined: Sat May 23, 2015 3:46 pm

Re: Star*Bucks ERE Journal

Post by thrifty++ » Wed May 10, 2017 11:31 pm

Nice work! Quarter mill. Are you starting to feel rich now?

I must ask where on earth are you that your home is only worth $70k?

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