Star*Bucks ERE Journal

Where are you and where are you going?
thrifty++
Posts: 689
Joined: Sat May 23, 2015 3:46 pm

Re: Star*Bucks ERE Journal

Post by thrifty++ » Fri Apr 01, 2016 1:17 pm

Wow that is a huge chunky increase! It must feel good.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Sun Apr 03, 2016 7:24 am

Q1 2016 Review:

Taking a step back to reflect. I started this ERE journey in April 2012, four years to date. When I started I had massive debt, and no money saved. I began to contribute 25% of my gross income to my 401k and live very frugal, giving me the ability to put the bulk of my earning towards my debts. My biggest failure during these 4 years has been with the spending associated with cars. I couldn't qualify for a newer car loan in the beginning of 2012, so I bought what I could a 2002 Toyota Camry for $8,000 with a ridiculous APR of 13.49%. I paid the car off in 10-11 months and paid 1k in interest. I had the car until January of 2014 (only 2 years) the whole time I owned it I kept having to put money into it. I minimized the amount I spent by doing as much of the work myself but it was still a good amount spent. In the beginning of 2014 the car had a lot of miles and was starting to break down so I purchased a new 2014 Nissan Altima. My credit had improved quite a bit so my APR was 4.99% which I still didn’t like so I paid the car off in 10 months. The price was under 23k out the door and I don’t remember how much I spent on interest. After I paid the car off is when I became permanent at a work site close to my home; so I no longer needed a reliable newer car since I was no longer driving all over the State. I gave the Altima to my brother which wiped out the remaining amount of money I owed to him which was roughly what the car was worth and made me debt free for once. I went back to driving my old 2000 Honda Civic which I loved and was cheap to insure, drive, fix, and I didn’t worry about it where ever I parked because most people wouldn't want to steal or break into it. Then my Civic died on me in October of 2015. It would have cost more to fix it than it was worth. So I took months borrowing spare cars from my family and taking time to make a wise purchase. I was so tired of dealing with cars; the buying, financing, fixing, maintaining, etc. It took me 4 months but finally in February I purchased my current car a new 2015 Toyota Prius. I got an excellent deal since the dealerships want to get rid of the 2015’s to make more room for the 2016’s. I got the car for $21,600 out the door and credit rating still improving got me a 2.79% APR. Remaining balance as of today is $11,753. My goal is to pay this car off in a total of 6 months and I hope that it’s the last car I buy. Toyota Prius have a very low cost of maintenance and are very reliable. If I didn’t have all these set backs with cars I’d be leaps ahead in this journey but live & learn I guess. I could go back further and tell more horrible car stories like the 01’ Isuzu Trooper fully loaded SUV with horrible gas mileage but I think this gets to the point.

Once the Prius is paid off all excess money can go into after tax investments and get me to my target number for FIRE. Which gets me to my next point, how much do I need for early retirement? My plan was to retire and spend as much time as I want backpacking the world like a budget conscience hippy. I follow a lot of budget travelers on social media and the consensus is that a 1k per month budget is comfortable in many places around the world. That’s 12k per year so maybe if I were to budget 15k per year to cover incidentals my FIRE number would be 375k. If I sold everything I had I’d be more than halfway to that number now! It took me 4 years to get to a net worth of $193,531 but I think the next few years will be a lot more productive since I will be debt free within a few months and I also have dividends helping me along the way (I understand there may be set backs if another market crash occurs etc). All of my funds are in retirement accounts currently and I do plan on doing annual conversions to a Roth IRA like the MadFientist outlined. I’m also not opposed to finding some sort of work online that can help me cover any costs as I travel so I can leave my investments working for me.

Q1 Progress
January + $2,115
February+ $5,132
March+ $17,586

Total Q1 Progress $24,833 or in other words just under 2 years of freedom.

$24,833 is 56% of 2015’s entire year net worth increase but done in the first 3 months of 2016. I’ve got big hopes for the remainder of 2016. My hope is that I will be able to pay off the Prius quickly and then save $8,850 before the end of 2016 so that I can immediately max out my 2017 IRA & HSA as soon as January comes around. I’m sure I can accomplish that but I also really wanted to take a international trip this year. I’m not sure I can do everything with only the earnings from my job so I am currently looking for s second job to make sure I can accomplish all my goals this year.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Sun May 01, 2016 8:21 am

April 2016 Update:

Image

Current Debts:
Credit Card $1,502
Auto Loan $9,266



Current Assets:
Cash $1,525
Main 401k $87,627
2nd 401k $1,200
IRA $22,828
HSA $6,788
Home $70,000
Car $21,139

Prior Months Net Worth: $193,531
Current Net Worth: $200,339

Net Worth Increase of $6,808

I am back to working a second job again with the prior company I was working with but it is very few hours. They contact me when they need assistance with things they are having difficulty with and I worked a total of 6 hours in April, and I am guessing I will work less than 40 hours for the entire month of May with them. I have been looking for another job all together. Something that would pay me what I am worth and get me to the 6 figure pay scale which has been unachievable for me so far. If I do get a position like that I wouldn’t keep a second job as it wouldn't be necessary and would be more of a hassle. I’ve also lost 7 pounds, so from 230 pounds to 223. I am feeling more confident and comfortable in myself.



Goals for the month of April 2016 were:

-Look for a second job DONE!


Goals for May 2016:

-Apply for quality jobs with high pay scale or attract clients to my company
-Continue to exercise and lose weight
-Try to strip down even more of my belongings and become more minimal.

thrifty++
Posts: 689
Joined: Sat May 23, 2015 3:46 pm

Re: Star*Bucks ERE Journal

Post by thrifty++ » Sat May 07, 2016 4:39 pm

Wow thats a big meaty jump in net worth again and it must feel like a milestone hitting 200K!

I have a second job as well. But its more a problem they want to give me too many hours and I don't want to work too much as I need some time for life. I am trying to get as efficient as I can so that I can do more work for them more quickly.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Wed Jun 01, 2016 1:36 pm

May 2016 Update:

Image


Current Debts:
Credit Card $143
Auto Loan $8,885



Current Assets:
Cash $2,654
Main 401k $90,561
2nd 401k $1,518
IRA $22,828
HSA $6,952
Home $70,000
Car $21,139

Prior Months Net Worth: $200,339
Current Net Worth: $206,624

Net Worth Increase of $6,285

This will have to be a quick update. I ended up working less than 32 hours at my 2nd job the entire month of May, I wish I could have done more. I made a little change in my 2016 annual plan. Previously I was going to pay my car off as soon as possible but then I decided not to because I’ve already paid off about 60% of the original amount and because I have a favorable interest rate. After doing some number crunching I decided it would be better to start building an emergency fund, a separate travel fund because I’m definitely going to take a well deserved and long overdue vacation, and I want to have the money saved up to be able to fund 100% of my 2017 IRA & HSA right away in January 2017. The only way I could accomplish all these things would be to let go of the burden of trying to pay the car off quickly. Initially I would have paid it off in about 7-8 months but now it will be about 13-16 months; still not bad.

I transferred a little over 1k to an online bank for my travel fund and they have several days hold on the money which is why it is not showing in the Mint screen capture. Also I had a few hundred dollars gain in my 2nd 401k plan which was really nice as well.

This is the 4th month in a row that I’ve had over 5k net worth increase and it makes me happy but I am also mentally ready for the overvalued stock prices to drop; I’ve got that feeling. Also dividends are paid out next month so here’s hoping next month can be another 5k+ NW increase.



Goals for the month of May 2016 were:

-Apply for quality jobs with high pay scale or attract clients to my company (SO-SO)
-Continue to exercise and lose weight (actually gained back 3 pounds but still working out)
-Try to strip down even more of my belongings and become more minimal. (Didn’t have time)


Goals for June 2016:

-Stay out of this heat and enjoy life. No expectations whatsoever….
Last edited by Star*Bucks on Fri Jul 01, 2016 1:50 pm, edited 1 time in total.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Fri Jul 01, 2016 11:49 am

June 2016 Update:

Image


Current Debts:
Credit Card $527
Auto Loan $7,823



Current Assets:
Cash $3,454
Main 401k $92,763
2nd 401k $1,500
IRA $24,133
HSA $6,882
Home $70,000
Car $19,778

Prior Months Net Worth: $206,624
Current Net Worth: $210,160

Net Worth Increase of $3,536

I am tracking my vehicles value in Mint and the value dropped from $21,139 to $19,778 in just this month, but it is only a small part as to why my net worth increase was smaller than usual this month. My investments took a big dip due to the British leaving the EU zone (BREXIT) some investments bounced back some but overall there is still a loss.

I got a Costco Membership since my Sams Club membership expired a month back. I got an eye exam, new glasses with transition lenses, and prescription sunglasses all for under $350! I haven't have my eyes checked or had new glasses since 2008 because it's always been so expensive. I spent over $300 back in 08' for the exam and 1 pair of glasses which didn't have any bells n whistles. No scratch resistance, no uv protection, no transition lenses. This was a excellent deal at Costco and I am much happier as a Costco member than Sams Club. Only reason I had Sams Club to begin with was because of a special they were running which made the membership free. I have dropped my meals to a set few things that I have so I will be buying those items at Costco in bulk as well as buying good priced gas etc. The one off items which I don't need much of I will continue to buy at Walmart or Winco etc.

I also had my annual home owners insurance due and it was just under $500.

I haven't worked a single hour at my second job because there is no work to do currently. They want me to remain as an employee just in case and I thought that would be a good idea but on the other hand if they just let me go I could cash in all my vacation time as well as roll over my $1,500 401k into Vanguard. If they need me in the future they can always just rehire me. I'll talk with them about it next week.

Goals for the month of June 2016 were:

-Stay out of this heat and enjoy life. No expectations whatsoever….


Goals for July 2016:

-None.
Last edited by Star*Bucks on Fri Jul 01, 2016 2:05 pm, edited 1 time in total.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Fri Jul 01, 2016 11:54 am

Q2 2016 Review:



Q2 Progress

April + $6,808
May + $6,285
June + $3,536

Total Q2 Progress $16,629

Total Progress for the first half of 2016 $41,462

There are exactly 15 more paychecks for this calendar year and I had several goals which I will list below:

-Have $5,500 saved to fully fund 2017 Traditional IRA in January 2017
-Have $3,350 saved to fully fund 2017 HSA in January 2017
-Have Toyota Prius paid off by January 2017
-Take a international trip/vacation by the end of 2016

These are lofty goals especially with the number of pay periods remaining. It will be difficult to accomplish everything but it can be done with some discipline, overtime, and creativity.

2017 will be the "Year of The Investor" as I will call it for myself. I have done all my investing thus far with pre-tax contributions to a 401K, IRA’s, & an HSA. The last few years I spent all extra money on paying off personal loans to my family and paying off cars, but when 2017 rolls around I will not have any of those obligations. I am estimating I will be able to invest approximately 15k+ annually in after tax dollars on top of the pre tax investing I have already been doing. Now I need to do some research on what to buy and on asset allocation. All my investing will be in index funds with Vanguard and my plan is to have about 3 or 4 different funds. That way Every time I get paid I will see which fund is best priced and put the money there. This is obviously a simplified thought and I hope that the coming 6 months will give me time to research and come to a proper plan. Also I plan on changing companies in 2017 which will give me by that time about 125k in 401k money to roll over into Vanguard. I currently have 100% of the funds in the Vanguard Wellington Admiral Shares Fund which requires 50k minimum.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Mon Aug 01, 2016 12:33 pm

July 2016 Update:

Image


Current Debts:
Credit Card $207
Auto Loan $3,389



Current Assets:
Cash $1,222
Main 401k $98,025
2nd 401k $1,550
IRA $24,081
HSA $7,229
Home $70,000
Car $19,778

Prior Months Net Worth: $210,160
Current Net Worth: $218,289

Net Worth Increase of $8,129

I made a large payment toward my vehicle in July. Basically took all the money I was saving for an emergency fund and a vacation and said F it & paid it towards my car. I hope to have the car paid off by the beginning of September. I wasn’t planning on going this route but I really would like to get the loan off my back and move forward with investing my income. I have to keep this short but things are looking pretty good.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Tue Aug 30, 2016 3:08 pm

August 2016 Update:

Image


Current Assets:
Cash $1,262
Main 401k $101,125
2nd 401k $1,546
IRA $24,883
HSA $7,220
Home $70,000
Car $19,778

Current Debts:
Credit Card $1,814

Prior Months Net Worth: $218,289
Current Net Worth: $224,000

Net Worth Increase of $5,711

Notable accomplishments in August:

~Paid off my Toyota Prius. Purchased brand new in February and paid off in August. 10 months was my prior record for paying off a new car but now it’s 6 months. I don’t plan on beating this record because I don’t want to purchase a new car again.

~401k broke into the 6 figure mark for the first time in my life!

There are 9 more paychecks coming this year and it’s going to be tight trying to accomplish everything I wanted to do but I’ve decided to let it go. No need to stress, worst case scenario I can fully fund my HSA & IRA for 2017 in February if I haven’t saved up enough to do it by January. Besides that things are looking good, applied for a second job with another company where the pay is actually better than what my full time main job is paying. I'm going in for the interview in about an hour. :)

My plans are to save money which in the short term will become an emergency fund. Eventually and assuming no emergency happens then that fund will be my vacation fund, when I return from a frugal fun filled vacation I will continue to save and try to save enough to fully fund an IRA & HSA in the beginning of 2017.

vraxxos
Posts: 42
Joined: Tue Mar 24, 2015 8:36 am
Location: UK

Re: Star*Bucks ERE Journal

Post by vraxxos » Wed Aug 31, 2016 7:44 am

Going from $84k of investments to $126k is a 50% gain, that is great achievement you've made in just 8 months.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Wed Aug 31, 2016 1:06 pm

vraxxos wrote:Going from $84k of investments to $126k is a 50% gain, that is great achievement you've made in just 8 months.
Thanks Vraxxos! 1k shy of my halfway point. 450k is what I am shooting for so I can get 18k per year (4%) and just backpack around the inexpensive parts of the world. Honestly man if I never would have tracked this stuff on this site I would have continued to live aimlessly and spend money on junk. BTW I got the job offer and I will be starting Oct 1, so hopefully I can put this second half of the accumulation process on high speed.

User avatar
jbb13
Posts: 7
Joined: Mon Jul 25, 2016 9:21 am

Re: Star*Bucks ERE Journal

Post by jbb13 » Wed Aug 31, 2016 10:42 pm

Just binge read your journal and thoroughly enjoyed it!

Congrats on getting the new job, can't wait to see what kind of a difference that makes in your investments.

By the way, I really liked seeing the goals that you set and if you reached them or not, it kept me anxious to see your progress.

Keep up the good work and have fun on your vacation!

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Mon Sep 05, 2016 12:10 pm

jbb13 wrote:Just binge read your journal and thoroughly enjoyed it!

Congrats on getting the new job, can't wait to see what kind of a difference that makes in your investments.

By the way, I really liked seeing the goals that you set and if you reached them or not, it kept me anxious to see your progress.

Keep up the good work and have fun on your vacation!
Thanks jbb13! I just started to read your journal & you are a very young man! Wish I would have started saving or had a resource like this website when I was your age! I look forward to seeing your journey unfold as well, Good Luck! :)

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Sat Oct 01, 2016 2:42 pm

September 2016 Update:

Image


Current Assets:
Cash $3,788
Main 401k $104,275
2nd 401k $1,533
IRA $25,045
HSA $7,228
Home $70,000
Car $19,724
Credit Card -$27

Current Debts:
None

Prior Months Net Worth: $224,000
Current Net Worth: $231,620

Net Worth Increase of $7,620

September seemed like a really long month to me. I decided not to take the second job with the new company even though it paid well due to long commute and not wanting to go through the whole process of going through orientation and meeting the people at the new company. Quite honestly the management and culture were not my cup of tea either. There is good news though, the company I have been helping out on the side got a new project which also starts on Oct 1 and although it doesn't pay as well I already know everyone I know the culture of the company suits me (laid back) and I can start putting away extra money now which makes me very excited. I am going to have to put the vacation on hold for now because they want to really get a push on this new project which is ok with me.

I received my quarterly dividend payment from one of my index funds at Vanguard. When I checked the other two funds I'm in I was sad to see that they only pay annually. I plan to sell those two funds after the dividend gets paid out in late 2016 or early 2017 as long as the share price is good and move the money into something like the total stock market fund (VTSAX) which pays dividends quarterly. I am glad I purchased the VGENX fund because I made great return just on the value/growth. I got in at under $45 per share and now it's over $50, so despite the frequency of dividend payments I still will have made out, hopefully.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Sun Oct 02, 2016 10:56 am

Q3 2016 Review:



Q3 Progress

July + $8,129
August + $5,711
September + $7,620

Total Q3 Progress $21,460

Total Progress for the first 3 quarters of 2016 $62,922



I started posting 2.5 Years ago (March 2014) at that time I had already paid my mother back the personal loan that I owed her and my net worth was at $91,791. (On my first post I didn't add the personal loan I owed to my brother and on the April 2014 post I dropped the value of my home by 10k) The journey from there to now has been long, Paid my brother back the personal loan he gave me , paid off several car loans, and added $139,829 of net worth in those 2.5 years. I hope to be able to save a lot more now since I have no more debt and I have a great job. On my first post in 3/14/2014 I stated my fire number was $460k and I wanted to reach that in 7 years (by 3/14/2021). Prior to that post I wanted to FIRE at 40 weather on my birthday or sometime during my 40th year on the planet. I am projecting another 200k in net worth increase in the next 2.5 years since I don't have any loans to deal with. Assuming there is no market crash or anything I should hit FIRE right before my 41st B Day! It's a long shot but I'm going for it! That would be retiring 2 full years before my original post forecasted. Let's see how things go?!

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Tue Nov 01, 2016 11:27 am

October 2016 Update:

Image

Current Assets:
Cash $8,797
Main 401k $104,822
2nd 401k $1,496
IRA $24,481
HSA $7,059
Home $70,000
Car $19,681

Current Debts:
Credit Card. $279

Prior Months Net Worth: $231,620
Current Net Worth: $236,057

Net Worth Increase of $4,437

Not as big of a net worth increase as I would have liked especially since I’ve been working two jobs now but my energy stock has slipped a bit and I purchased a new pair of glasses $200 at Costco. Hopefully November will be a more lucrative month.

I do have my money saved up for the funding of 2017's IRA & HSA, but now I need to take a vacation & enjoy life a bit.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Sat Dec 31, 2016 4:58 pm

November & December 2016 Update:

Image


Current Assets:
Cash $10,443
Main 401k $110,493
2nd 401k $1,851
IRA $25,734
HSA $7,221
Home $70,000
Car $19,553

Current Debts:
Credit Card. $255

Octobers Net Worth: $236,057
Current Net Worth: $245,040

Net Worth Increase of $8,983

First time I missed a month report (November) due to being on vacation in Thailand. It was my first time ever on a international vacation and I loved every minute of it. Lost a few hundred in value on my Prius (value tracked using Mint app) and everything else is moving along nicely.

I was able to spend Christmas Eve and Christmas morning withy family which was fun. I gave my mother $500 cash as her present in private because my parents are living just on Social Security and I had the money. I spent 1k less on the trip to Thailand than what I had budgeted for and I hit all the goals I set out to hit for 2016 so I thought giving my mom the money would make me feel good and give them a small boost with their expenses.

Goals for January 2017

-Hit the gym and continue to eat right
-Research Vanguard and select Funds I want to invest after tax dollars
-Fund the 2017 IRA & HSA

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Sat Dec 31, 2016 5:01 pm

Q4 2016 & Year End Review/Wrap Up:



Q4 Progress

October + $4,437
November/December + $8,983


Total Q4 Progress $13,420

Total Progress for 2016 $76,342

Net Worth at the Beginning of 2016 $168,698
Net Worth at the End of 2016 $245,040
Total Net Worth Increase $76,342
Current SWR 5.66%

In 2016 it seems that my average quarterly net worth increase was roughly 20k. Baring a Trump recession or something bad happening in 2017 I hope to repeat or increase that for 2017. Hopefully the overtime will continue to be available at my main job and I'll be able to pick up a second job. The progress in November & December was not as good due to property taxes being due and the two weeks not earning money while on vacation. The trip to Thailand confirmed several things for me. Most importantly is that I do enjoy traveling and not just watching other people travel on TV or reading about it; I actually enjoy it. It also confirmed the absolute low cost of living there. There are many blogs of people stating different monthly budgets to live there some as low as the high $200's monthly for all expenses and some as high as $1500 monthly for all expenses. During my short two week trip I think the budget for me would be $1000 per month. I doubt I'd spend it all every month but having a buffer is good. My Fire number is 460k which at 3%SWR is over $1,100 per month.

I started the year yo-yoing with my weight between 225 and 230 pounds. I am now currently at 211 pounds which is a loss but not at all the progress I wanted to make. I need to drop 31 pounds to get to my ideal weight. The BMI scale still thinks I'm fat at that weight since I'm 5'7" tall but it doesn't take into consideration the amount of muscle I have. I feel confident and clothes look good on me at 180 and I will try my best to get there ASAP.


Notable Accomplishments in 2016:
-Purchased a new car in February 2016 and paid it off in 6 months



The goals I set for 2016 were
-Max Out 2016 IRA ((Done!))
-Max Out 2016 HSA ((Done!))
-Max Out 401k ((Done!))
-Take an International Vacation ((Done!))
-Focus on Health & Losing Weight ((Fail!!))
-Look Into Uber & Lyft as side income. ((Bad option for side income))
-Increase Net Worth by $42,850 or more ((Done!))

Goals for 2017:
-Max Out 401k
-Save Enough to Max Out 2018 IRA & HSA
-Invest 30k of after tax income
-Take an international Vacation
-Lose Weight/Get In Shape
-Increase Net Worth by 80k

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Tue Jan 31, 2017 2:45 pm

January 2017 Update:

Image

Current Assets:
Cash $4,263
Main 401k $113,971
2nd 401k $1,911
IRA $31,200
HSA $10,971
Home $70,000
Car $19,552

Current Debts:
Credit Card. -$116

December's Net Worth: $245,040
Current Net Worth: $251,752

Net Worth Increase of $6,712

Alright so I had hoped of not spending money on cars anymore and that got squashed when my brother called me and said he wanted to buy our sister a new vehicle. Her van was old had lots of miles was unreliable and she has two kids she's hauling around. I said ok after mentally yelling curse words. My sister said she needed 3rd row seating for whatever reason and the best deal I found was on a 2017 Nissan Pathfinder which is my sister's first new vehicle ever. We got it for 28k out the door and I previously agreed with my brother I would chip in 5k. My brother paid cash for the SUV, and since I don’t have the full 5k in cash I told him I’d give him a check in February for it. My February Net Worth Increase will indeed suffer. My sister was very happy and I'm glad she is driving something more reliable but I wish it didn't cost me any money. I keep thinking of all the things 5k could have afforded me like 5 months of retirement living at 1k per month, or 2 different 3 week vacations to SE Asia, or one 3 week vacation with a good dslr camera. Oh Well…. Time to get a second job again I guess to make up for this set back.

The Mint app has been flakey as of late. It doesn’t show the true current balance of my CC instead it shows the previous balance from over 5 days ago before I made a payment.

Goals for January 2017

-Hit the gym and continue to eat right ((Done!!))
-Research Vanguard and select Funds I want to invest after tax dollars ((Done, but due to the Pathfinder purchase no side cash to invest currently)
-Fund the 2017 IRA & HSA ((Done))

Goals for February 2017

-Give my brother a 5k check for the Nissan Pathfinder
-Continue to hit the gym and eat right

Jason
Posts: 604
Joined: Mon Jan 30, 2017 8:37 am

Re: Star*Bucks ERE Journal

Post by Jason » Tue Jan 31, 2017 3:00 pm

Thanks for being transparent. Great to see how discipline = progress.

When I die and go to Heaven, if I see a car, I'm going to be pissed. Like get God on the line right now, pissed.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Wed Feb 01, 2017 12:20 pm

Jason wrote:Thanks for being transparent. Great to see how discipline = progress.

When I die and go to Heaven, if I see a car, I'm going to be pissed. Like get God on the line right now, pissed.
Dude, you have no idea! Cars and their associated costs have been my biggest expense by far; even higher than housing. Once I hit FIRE I'll be happy to take public transportation the rest of my life.

Jason
Posts: 604
Joined: Mon Jan 30, 2017 8:37 am

Re: Star*Bucks ERE Journal

Post by Jason » Wed Feb 01, 2017 4:03 pm

No Dude, not only do I have an idea, I possess the entire metaphysical ball of bullshit.

But when I saw your car angst, I immediately thought, that is fellow Pilgrim, burdened by his need to traverse this life in a cash sucking POS automobile.

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Tue Feb 28, 2017 2:44 pm

February 2017 Update:

Image

Current Assets:
Cash $1,278
Main 401k $119,636
2nd 401k $1,961
IRA $30,891
HSA $11,413
Home $70,000
Car $19,552

Current Debts:
Credit Card. -$285

December's Net Worth: $251,752
Current Net Worth: $254,446

Net Worth Increase of $2,694
SWR 7.1%

Net Worth didn't grow much and was to be expected since I paid 5k towards my sister's new car purchase as a gift. I'm happy that it was still a positive month overall.

I watched a travel YouTuber named Gabriel Traveler while he was on a extended trip in India and he lives there on $10 per day. That includes private room with private bath eating out at restaurants using the internet cafe etc. That's only $300-$400 per month. That may be a place I go to first when I pull the trigger to leave the rat race, at least for a few months to save even more money and really get my feet wet.

March will be a 3 paycheck month as well as a dividend payment month so I hope the Net Worth Increase will be 5 figures to help close out the quarter as strong as possible and try to hit my 20k+ goal for each quarter.

I did a google search to see where I was at financially compared to the “average” American my age. I found this graph below and it’s surprising how much more I already have compared to the average person in my age group.

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Goals for February 2017

-Give my brother a 5k check for sisters car ((Done))
-Continue to hit the gym and eat right ((Yes & No))

Goals for March 2017

-Try to hit a 5 Figure Net Worth Increase
-Look for a 2nd job

halfmoon
Posts: 630
Joined: Mon Nov 07, 2016 10:19 pm

Re: Star*Bucks ERE Journal

Post by halfmoon » Tue Feb 28, 2017 7:09 pm

Star*Bucks, you're a better person than I for chipping in $5k toward a brand new vehicle for your sister. My family members have tried to rope me into all sorts of expenditures on behalf of another family member, and my response: I'll help where I can, but I won't contribute to lifestyle choices that exceed my own because that will just create resentment (my own) in the end. Since I've never owned a new vehicle, I have no intention of contributing to one for someone else.

That median net worth graph is terrifying. I despair for this country. Your net worth, on the other hand, is great! :D

Star*Bucks
Posts: 123
Joined: Wed Mar 05, 2014 10:27 am
Location: California

Re: Star*Bucks ERE Journal

Post by Star*Bucks » Sun Mar 05, 2017 5:14 pm

halfmoon wrote:Star*Bucks, you're a better person than I for chipping in $5k toward a brand new vehicle for your sister. My family members have tried to rope me into all sorts of expenditures on behalf of another family member, and my response: I'll help where I can, but I won't contribute to lifestyle choices that exceed my own because that will just create resentment (my own) in the end. Since I've never owned a new vehicle, I have no intention of contributing to one for someone else.

That median net worth graph is terrifying. I despair for this country. Your net worth, on the other hand, is great! :D
Halfmoon I gotta be honest, I looked up that stat on google because I wanted to make myself feel better. After giving away 5k I needed a boost to my moral. Although, I still find myself thinking about the money I am happy I contributed to the new wheels. She has 2 kids both whom are a hand full and have ADHD, so she doesn't even have a full time job. She works part time and she took that responsibility on as most mothers due and her good for nothing husband should be doing more but he will soon learn his lesson. Maybe when they get divorced and he has to pay out the nose he will realize how much better it would have been to do the right thing from the start. I mean marriage is like a team sport you have to have each others back. Anyways her van was breaking down and had a quarter million miles so I am very happy for this purchase but I want to say this will be my last financial assistance I give to my family.

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