Gilberto de Piento's Journal

Where are you and where are you going?
Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

Thanks! I really enjoy passing those round numbers!

cmonkey
Posts: 1790
Joined: Mon Apr 21, 2014 11:56 am

Re: Gilberto de Piento's Journal

Post by cmonkey »

Gilberto de Piento wrote:
Tue Dec 03, 2019 4:41 pm
November 2019

The big news for this month is that I hit $300,000 in FIRE assets! :mrgreen:
Round numbers are great! Congrats.

Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

cmonkey wrote:
Wed Dec 04, 2019 3:17 pm
Round numbers are great! Congrats.
Thank you!

The net worth chart from my journal post is definitely starting to show an upward curve as compounding does its thing.

It does seem like $300,000 may be an interesting number for me. I am usually able to save about $30,000 each year. Doing this takes a lot of effort on my part. In comparison, with $300,000 if the market gains 10% (just using a round number example), I will "save" $30,000 without doing any work ($300,000 * 10% is $30,000).

A long time ago I wrote down this quote from Jacob:
Interesting things begin to happen once your networth no longer starts which the number 1 or 2.
viewtopic.php?f=9&t=1344&start=125

Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

For the last few months I have been making my vanguard automatic investment $100 larger each month. I was creeping up on $875, which will give me a total investment of $10,500 in 2020. That plus the 457b limit of $19,500 will give me a total investment of $30,000 for 2020. Today I skipped a few steps and cranked my auto investment up to the final $875 per month! :geek:

Not only does this lock me in to a decent amount of money saved for the year, it also takes some of the stress of saving out. I don't have to decide when to move money from cash to vanguard or what to invest in each time. Of course, it could add a lot of stress if I start spending too much, but I will keep an eye on it. I can always turn it back down or off.

Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

December 2019

December had high spending as you might expect due to buying Christmas gifts.

Expenses
Alcohol & Bars 12.97
Auto & Transport 107.54 (Working on the car again.)
Bills & Utilities 125.63
Business Services 137.66 (Websites.)
Doctor 45
Fast Food 29.82 (Travelling for Christmas.)
Gas & Fuel 81.19 (Travelling for Christmas.)
Gift 445.19 (Ugh.)
Groceries 256.91
Gym 39.04
Home Improvement 55.97 (House repairs.)
Mortgage & Rent 790.73
Pharmacy 26.62
Public Transportation 65 (Bus to work.)
Restaurants 14.13
Shopping 13.16
Taxes 200 (Property taxes.)
Total -FI 2446.54

Income
Paycheck 2627.45
CafePress 33.18
Internet Ads 119
Checking 45.54
457b 1500
Total +FI 4325.17

Savings 1878.63
Savings wo 457b 378.63

% Spent 56.6%
% Saved 43.4%

SWR 9.4%
SWR with Internet Income 8.8%

Years Remaining 12.7
Years Remaining with Interest 5


The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward

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bigato
Posts: 2348
Joined: Sat Mar 05, 2011 12:43 pm

Re: Gilberto de Piento's Journal

Post by bigato »

This is not particularly directed at you, but I get really mad when people call expenses/capital as SWR. Those are very different concepts. The SWR is based on historical back testing and doesn’t change depending on your capital. It will always be a constant, whatever you choose it to be, 3 or 4% for the majority of people.

Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

U mad bro? <navy seal copypasta>

Just kidding, this isn't Reddit, and I know what you mean. I might even argue that "safe" should "possibly safe" or "safe-ish" or "used to be safe and probably still is but who knows?" Here's a corrected version:

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Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

I now have over $300,000 in just my investment accounts!

I posted something similar back in November but that was also counting the cash I have in checking (way too much). These milestones might be a bit contrived but they make me feel like I'm making progress. 8-)

Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

I am getting a couple percent raise this year. It doesn't keep up with inflation but I will take what I can get and will give me an extra $100 or so per month. :)

Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

Over the last few years my annual car registration has doubled even though the car itself hasn't changed. It is always something. :x

Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

Bored, bored, bored at work today.

Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

January 2020

Expenses were high. The still recent feeling decision to include a portion of my annual property taxes is adding $200 while my brain hasn't mentally adjusted for that when I consider my overall spending number. Even without including the taxes my spending is historically high.

This month the high expenses were due to automotive maintenance. Hopefully this is going to taper off soon though it might require replacing the car which will be a huge hit. It also is due to home repair costs which will also hopefully wind down soon (and are a good investment anyway, assuming the housing market doesn't tank).

The high spending was offset by a three paycheck month so I still have a good savings rate. I'm still putting away a lot of money and am currently on track to put away enough to meet my $30,000 per year goal (not including the house payment which is kind of savings too).

Expenses
Alcohol & Bars 9.39
Auto & Transport 362.63 (fixes, maintenance, car is in the part of the lifecycle where the things that wear out are doing exactly that)
Bills & Utilities 125.92
Business Services 27.98
Charity 25
Doctor 30
Gas & Fuel 30.75
Groceries 251.87 (not bad)
Gym 46.95
Home Improvement 125.35 (still getting the house up to speed)
Mortgage & Rent 790.73
Parking 35 (parking ticket!)
Public Transportation 65
Restaurants 28.83
Shopping 20.52
Taxes 200 (annual property taxes broken out by month)
Total -FI 2175.89

Income

Paycheck 3892.67
Amazon 21.58
Internet Ads 29
Checking 6.47
457b 2250
Total +FI 6199.72

Savings 4023.83
Savings wo 457b 1773.83
% Spent 35.1%
% Saved 64.9%

SWR 8.1%
SWR with Internet Income 8.1%

Years Remaining 8.9
Years Remaining with Interest 5


Teachers open the door. You enter by yourself.
Chinese proverb

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Gilberto de Piento
Posts: 1388
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento »

I got through my winter list of house repair projects today! :D There is always more to do but a while back I made a list and told myself I am done until spring once I got through it. If nothing comes up that should allow me to avoid house expenses and free up time for other things for the next couple of months. I am trying to maintain a healthy work/life/working on the house balance. :roll:

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