Barlotti in Boston II

Where are you and where are you going?
Barlotti
Posts: 156
Joined: Sat Dec 10, 2011 7:58 am

Re: The fourth anniversary of Barlotti in Boston II

Post by Barlotti » Fri Aug 11, 2017 10:54 am

August 2013:
ASSETS
Condo $180,000
Roth balance $9,638
403b balance $20,092
Nonretirement investment $6,420
Pension NOT VESTED

LIABILITIES
Mortgage $157,978
Credit card debt $750

Net worth $62,423

August 2014:
ASSETS
Condo $188,000
Roth balance $18,685 (+$9,002)
403b balance $53,061 (+$32, 969)
Non-retirement investment $9,685 (+$3,265)
Pension $3,292

LIABILITIES
Mortgage $141,822 (-$16,156)
Heloan $14,415 (+$14,415)
credit card debt $3553 (+$2803)

Net worth $114,147 (+$51,724)

August 2015:
ASSETS
Condo $188,000
Roth balance $25,980 (+$7,295)
403b balance $77,450 (+$24,389)
Nonretirement investment and emergency fund $12,522 (+$2,837)
Pension $7,000

LIABILITIES
Mortgage $133,028 (-$8,794)
Heloan $13,025 (-$1,390)
credit card debt $5,314 (+$1,761)

Net worth was $160,704 (+$46,557)

August 2016:
ASSETS
Condo $200,000 (+$12,000)
Roth balance $12,512 (-$13,468)
403b balance $93,812 (+$16,362)
Nonretirement investment and emergency fund $0 (-$12,522)
Pension $9,433 (+$2,433)

LIABILITIES
Mortgage $111,474 (-$21,554)
Heloan $0 (-$13,025)
credit card debt $622 (-$4,692)

Net worth $203,510 (+$42,806)

August 2017:

Condo 200000
Checking 3775
Savings 5217
403b 125504
Roth 24136
Brokerage 0
Pension 11484
ASSETS 370,116

Mortgage 96880
Credit card debt 14000
LIABILITIES 110880

NET WORTH 259236 (+$55,726)

My net worth has increased $55,726 over the last year, and $196,813 since I started keeping track four years ago. Also, I've become a minimalist and become very peaceful and very resilient through meditation. All of this seems interrelated to me: good begets good, and all virtuous paths lead to the same destination.

I've signed up for a weekend meditation retreat at a Zen monastery to explore the possibility of taking retreat for 3 months to a year. And I'll tell you why I'm interested in a long-term retreat. It's because I know there will be benefit. In my experience with meditation, I've found surprising insight at every step, but in order to gain the insight, I must take the step for myself.

It's a kind of wisdom that once gained, seems obvious. On some level, I always knew, I just didn't understand. AND my experience with Buddhist meditation, which is basically a practice of self-reflection, is unveiling Catholicism for me. For example, I am finally "getting" the stations of the cross: why as Catholics, we are taught to face the crucifix, to embrace the crucifix. It is an expression of the four Noble Truths articulated by the Buddha.

Notwithstanding the limitations of language, the sacred is the sacred, regardless of the tradition, regardless of the gift-wrapping. When I recall my meditation experience where deer and raptors started approaching meditators in Onalaska, Washington, I think of Saint Francis of Assisi. We are all in touch with the sacred, and I wish everyone could see that.

Jason
Posts: 630
Joined: Mon Jan 30, 2017 8:37 am

Re: Barlotti in Boston II

Post by Jason » Fri Aug 11, 2017 1:23 pm

Good job on your financial progress. I can't say I'm in agreement with your syncretism, but its nice that you are communing with the sacred.

Francis of Assisi was like the Dr. Doolittle of the Medieval period.

MDFIRE2024
Posts: 370
Joined: Fri Jan 06, 2017 5:09 pm
Location: Germany

Re: The fourth anniversary of Barlotti in Boston II

Post by MDFIRE2024 » Sat Aug 12, 2017 1:29 am

Barlotti wrote:
Fri Aug 11, 2017 10:54 am
My net worth has increased $55,726 over the last year, and $196,813 since I started keeping track four years ago. Also, I've become a minimalist and become very peaceful and very resilient through meditation. All of this seems interrelated to me: good begets good, and all virtuous paths lead to the same destination.
Great financial progress. If I have calculated correctly you have increased your networth by 27%. Does this mostly come from saving or investing? Anyway keep on going. :-)

Another statement stroke me as well. It is about "minimalist" and "meditation". That, IMO, is good for FIRE as well. At least it helps me being more content and aware. As you wrote you become more peaceful. It is always good to be happy and satisfied besides the FI-numbers.

Gotta read your journal. Also looking forward to hear more about your experiences in the Zen monastery and your retreat. I have done this for 10 days in Thailand and I don't want to miss this experience. It was insightful. Wish you all the best there.

Barlotti
Posts: 156
Joined: Sat Dec 10, 2011 7:58 am

September net worth and August spending

Post by Barlotti » Wed Aug 30, 2017 9:21 pm

Thanks Jason and MDFire2024.

Condo 200000
Checking 2475
Savings 1000
403b 126794
Roth 23892
Brokerage 0
Pension 11484
ASSETS 365645

Mortgage 96439
Credit card debt 8200
LIABILITIES 104639

NET WORTH 261006

My net worth has increased $1,770 in the last month. It's all good. It's all good.

Barlotti
Posts: 156
Joined: Sat Dec 10, 2011 7:58 am

October net worth

Post by Barlotti » Mon Oct 02, 2017 10:37 pm

Condo 200000
Checking 1167
Savings 1000
403b 130584
Roth 24041
Brokerage 0
Pension 11484
ASSETS 368276

Mortgage 94800
Credit card debt 6800
LIABILITIES 101600

NET WORTH 266676

Net worth has increased 5670 since last month

Barlotti
Posts: 156
Joined: Sat Dec 10, 2011 7:58 am

November net worth

Post by Barlotti » Tue Oct 31, 2017 12:56 pm

Condo 200000
Checking 2614
Savings 1000
403b 132000
Roth 24050
Brokerage 0
Pension 11484
ASSETS 371148

Mortgage 94800
Credit card debt 4700
LIABILITIES 99500

NET WORTH 271,648

My net worth has gone up by $4,972 since last month. A lot of that increase is due to paying off debt. DIE DEBT DIE! I've scaled back on 403(b) contributions so I can aggressively pay down my mortgage, and credit card debt, and also supplement my passbook savings account. The interest rate on the credit card is 0%, though I just paid 3% in transfer fees on the 4700.

My net worth should reach $300K while I'm 42. I'm turning 42 in about a month.

I often feel like my margin is tight. It feels difficult to fully fund my 403(b) and Roth, and also build my emergency fund, pay off my mortgage, and save for other life goals, like buying investment property, remodeling my bathroom, traveling to Europe to see friends. But I have to remember that I've been keeping track of my finances on "B in B II" for four years and some months, and during that time, I've made tremendous progress, largely thanks to my low-cost lifestyle. How? HOW?!? Does a single income family in Boston metro get ahead? It boggles the mind.

The Zen retreat was fun. Not mind blowing, but fun.

User avatar
Chris
Posts: 536
Joined: Thu Jul 22, 2010 2:44 pm

Re: November net worth

Post by Chris » Wed Nov 01, 2017 5:48 am

Barlotti wrote:
Tue Oct 31, 2017 12:56 pm
I often feel like my margin is tight. It feels difficult to fully fund my 403(b) and Roth, and also build my emergency fund, pay off my mortgage, and save for other life goals
Haha... only on these forums is stretching to maximize savings considered "tight". You're doing very well at directing your cash flow fire hose toward your goals.
Barlotti wrote:
Tue Oct 31, 2017 12:56 pm
How? HOW?!? Does a single income family in Boston metro get ahead? It boggles the mind.
A married filer in MA earning $100k would pay about $8k less in tax than an a single filer. So there's that at least.

Have you considered marrying an inmate serving a life sentence? You know, just for the tax advantages? (-:

Barlotti
Posts: 156
Joined: Sat Dec 10, 2011 7:58 am

December Net Worth

Post by Barlotti » Fri Dec 01, 2017 9:26 pm

Hi Chris, that's so true! All of us on these forums have high standards and expectations for ourselves. LOL.

Condo 200000
Checking 1000
Savings 1000
403b 134735
Roth 24076
Brokerage 0
Pension 11484
ASSETS 372295

Mortgage 92400
Credit card debt 4300
LIABILITIES 96700

NET WORTH 275,595

My net worth has increased by 3947 since last month.

I went to London this month. It cost about $1500. Funnily, while there, I helped a friend get a better handle on her retirement accounts.

I feel like such a different person than I was when I started this journal some 4 years ago. I'm much calmer, more compassionate and confidant. My values have changed too. I'm less materialistic. I find joy in different things.

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