Barlotti in Boston II

Where are you and where are you going?
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Chris
Posts: 773
Joined: Thu Jul 22, 2010 2:44 pm

Re: November net worth

Post by Chris »

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: 172
Joined: Sat Dec 10, 2011 7:58 am

December Net Worth

Post by Barlotti »

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.

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

January net worth -- Happy New Year!

Post by Barlotti »

Condo 200000
Checking 2722
Savings 6098
403b 143169
Roth 24160
Brokerage 0
Pension 11484
ASSETS 387633

Mortgage 92400
Credit card debt @0% 3900
Credit card debt 500
Unsecured @5.99% 7500
LIABILITIES 104300

NET WORTH 283,333
For an increase, from when I last measured my net worth, of 7738.

I'm writing this quickly before dashing off to a New Year's - Birthday brunch. I done well this last month. I done well. I took out an unsecured loan to live on in order to "max out" my 403 b. I'd been paying less into my 403 b for several months in favor of paying down my mortgage. I thought I was OK with NOT maxing out my 403 b this year, but this past month, I had an about face.

All's I can say is, Happy New Year!

My resolutions for this year:
Get a higher-paying, preferably government, job.
Pay down ye olde mortgage by 15%, that would be by $13,860

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

February net worth

Post by Barlotti »

Condo 200000
Checking 1800
Savings 1500
403b 149105
Roth 24655
Brokerage 0
Pension 13000
ASSETS 390060

Mortgage 92200
Credit card debt @0% 2000
Credit card debt 800
Unsecured @5.99% 5000
LIABILITIES 100000

NET WORTH 290060

My net worth has increased by 6727 since last month. Also, I noticed that one of my FICO scores has passed the 800 mark. I've never had a FICO score over 800. Many thanks to the universe.

To be an Average Accumulator of Wealth, I'm supposed to have $365,400. I've got about $75,000 to go. If the stock market keeps it up, I'll probably reach AAW status in a year.

I had some large expenditures this past month. Bought a computer, bought 6 months worth of insurance. I also ate out too much. That's OK, I was sick with the flu, and didn't have the energy to cook or clean my kitchen.

I finished and filed income tax statements. They were real simple this year, and I'm getting some money back so yay for that.

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

March net worth

Post by Barlotti »

Condo 200000
Checking 500
Savings 1000
403b 144622
Roth 24105
Brokerage 0
Pension 13000
ASSETS 383227

Mortgage 91800
Credit card debt 1200
Unsecured @5.99% 3000
LIABILITIES 96000

NET WORTH 287,227
My net worth decreased by 2,833.

Forskaren
Posts: 189
Joined: Sat Nov 07, 2015 4:04 pm

Re: Barlotti in Boston II

Post by Forskaren »

Your net worth keep going up each month. Nice work!

Do you keep track of where your money is going each month? It is pretty good to identify areas where money feels wasted. You may also find areas where you should spend more.

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

The five year anniversary of Barlotti in Boston

Post by Barlotti »

I'm writing this update one year and one month since I started this journal.

Assets 421,200
Condo 225,000
checking 700
savings 3,000
403b 155,000
Roth IRA 24,500
pension 13,000

Liabilites 95,442
mortgage 90,542
credit card debt 4,900

NET WORTH 325,758
I bumped my condo value up by 25K, cause a unit upstairs sold for $283K.
My net worth has increased $258,335 since I started blogging.

This may be the first year since I started that I won't max out my 403b, and also I may not max out my Roth IRA this year. I was dealing with a health issue and took some unpaid leave. I lost one paycheck! I could max out 403b and Roth IRA by April 2019, and I'm still on the fence. I paid a 3% fee to get some cash on a 0% APR offer when I started my medical leave.

I got a little note from the IRS saying that I owe $3K in back taxes on $9K I withdrew from my Roth when I bought my condo. First off, I thought I was drawing out principle! I'll probably hire a tax attorney/accountant to remedy the matter. I ain't gonna mess with the tax man.

I'm very content. I think I've gotten to a point, through my meditation practice, where life feels very fluid and peaceful. It's about connection, man, and the occasional ice cream sandwich.

2Birds1Stone
Posts: 1596
Joined: Thu Nov 19, 2015 11:20 am
Location: Earth

Re: Barlotti in Boston II

Post by 2Birds1Stone »

Shit, it looks like a lot of folks are getting those IRS notices. Was yours for 2016 as well??

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

November net worth

Post by Barlotti »

@2birds1stone: No, not for 2016.

Assets 421,024
Condo 225,000
checking 1400
savings 2,000
403b 155,624
Roth IRA 24,000
pension 13,000

Liabilites 94,100
mortgage 90,100
credit card debt, 0% APR, 4,000

NET WORTH 326924

My net worth has increased 1,166 in the last 2 months.

My net worth has increased 259,501 since I started blogging.

I've been a little bit lazy about blogging and other stuff the last several months. I've realized, the blogging keeps me on track. Something about posting publicly motivates me. I was planning not to max out my 403b this year (to give myself a break), but I can't NOT. So I've upped my contribution. As for my Roth, I'm planning to max that out before taxes come due in April. Then I'll wipe out the cc debt.

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

December net worth

Post by Barlotti »

Assets 510280
Condo 290,000
checking 3002
savings 18489
403b 156,212
Roth IRA 29,577
pension 13,000

Liabilites 93600
mortgage 90,100
credit card debt, 0% APR, 3500

NET WORTH 416680 -- My net worth has surpassed $400K!

My net worth, not including increased condo value, has increased 24756 in the last month.

My net worth has increased 349257 since I started blogging.

A couple unexpected windfalls -- a gift and a raise. I fully funded my Roth IRA for 2018. On track to fully fund my 403b for 2018. My condo is worth about $290K according to Redfin so I upped my condo value.

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

June 2019 net worth

Post by Barlotti »

A lot of changes since I last checked in. I bought another property -- the cute little townhouse by a pond, and am renting out adorable little condo by the sea.

Assets 854052
Condo-1 290,000
Condo-2 335,000
checking 2100
savings 16787
403b-1 160831
403b-2 6409
Roth IRA 29,925
pension 13,000

Liabilites 427022
mortgage-1 89070
heloan-1 54171
mortgage-2 283781

NET WORTH 427030

Well, now that I'm going to be a landlord, I guess I'll see how quickly my net worth grows, here on out!

Thinking of getting a roomie in l'il townhouse, but it's nice to have the extra space. I guess I'll see...

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

July 2019 net worth

Post by Barlotti »

Assets 855726
Condo-1 290,000
Condo-2 335,000
checking 500
savings 10000
403b-1 169703
403b-2 6423
Roth IRA 31100
pension 13,000

Liabilites 418477
mortgage-1 87454
heloan-1 52729
mortgage-2 278294

NET WORTH 437249

Hmmm... I'm not really sure how my net worth could have increased by $10K over the last month, but it has. Is this how property can make a person richer? And how the rich get richer?

Good news! I got a raise! 20%! It's a large raise.

I've never made a lot of money when compared to my friends. In fact, I just broke $100K per year salary. Boston is an expensive city. It would be difficult to raise a family on what I make, given the cost of child care and healthcare. But I'm single, and can throw what money I have towards my goals.

I am going to tighten my belt the rest of the year. My savings and spending used to be 2nd nature to me. That's not the case anymore, because too many things have changed, and I need to get used to this new chapter. Last couple weeks, I've been cleaning up my records and finances. Today, I did the same, though I didn't get nearly what I wanted to get done, done. It's OK.

George the original one
Posts: 5404
Joined: Wed Jul 28, 2010 3:28 am
Location: Wettest corner of Orygun

Re: July 2019 net worth

Post by George the original one »

Barlotti wrote:
Fri Jun 28, 2019 8:52 pm
Hmmm... I'm not really sure how my net worth could have increased by $10K over the last month, but it has. Is this how property can make a person richer?
Better get used to it(*) because on assets of $855k, that's only a little over 1%. In other words, still less than 15% annualized. There can easily be years where you could hit 20%-30%, though usually not with real estate.

(*) Similarly, it's possible to have losses at this rate and faster. You are undergoing a mental shift here, in that the $$ numbers are getting larger than you're used to, but the percentages will be similar to what has always occurred.

User avatar
giskard
Posts: 320
Joined: Sat Apr 30, 2016 12:07 pm

Re: Barlotti in Boston II

Post by giskard »

Congrats on the 2nd property! Let us know how land-lording goes.

wolf
Posts: 1102
Joined: Fri Jan 06, 2017 5:09 pm
Location: Germany

Re: Barlotti in Boston II

Post by wolf »

Congrats on the raise!
20% is huge, especially if you already earn quite a lot.

You said, that you could throw that money to your goals. What are your goals?

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

August net worth, 6th anniversary of B in B II

Post by Barlotti »

Assets 862521
Condo-1 290,000
Condo-2 335,000
checking 1700
savings 10300
403b-1 170385
403b-2 6461
Roth IRA 30675
pension 18000

Liabilites 415556
mortgage-1 87276
heloan-1 51002
mortgage-2 277278

NET WORTH 446965

My net worth has increased $9,716 since last month. Also, I'd like to note that August is the 6th anniversary of Barlotti in Boston. My net worth has increased 121,207 since last year, and 379,542 since I started blogging. I think I'm well within AAW territory now.

@wolf -- thank you! My goal is to pay of my heloan.
@giskard -- thank you! So far, landlording is going just fine.
@George -- that's a good point regarding gains and losses.

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

Sep 2019 Net Worth

Post by Barlotti »

Assets 864989
Condo-1 290,000
Condo-2 335,000
checking 0
savings 11500
403b-1 173122
403b-2 6476
Roth IRA 30891
pension 18000

Liabilites 414599
mortgage-1 87025
heloan-1 50707
mortgage-2 276867

NET WORTH 450390

Net worth has increased 3425 in the last month.

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

November net worth

Post by Barlotti »

Assets 899369
Condo-1 290,000
Condo-2 359,000
checking 0
savings 10,000
403b-1 183724
403b-2 6523
Roth IRA 32122
pension 18000

Liabilites 412641
mortgage-1 86553
heloan-1 49688
mortgage-2 276400

NET WORTH 487728

Net worth has increased 36,338 in the last two months.

I've increased value on Condo-2 by $24K from $335K to $359K. Hence, the large increase in net worth.

I've upped my 403b contribution for the next couple months so that I can max out my contribution for the year. I'll be living lean for awhile, but I'd rather that than not max out my 403b, which has become a point of pride for me these last several years.

Barlotti
Posts: 172
Joined: Sat Dec 10, 2011 7:58 am

7th anniversary of tracking net worth in August 2020

Post by Barlotti »

Hi everyone,
It's the 7th anniversary of tracking my net worth, and I almost forgot it.

Taking stock, since I started, I no longer shop "for fun", like I used to. I buy everything second hand. When I have the option, I choose the less expensive, or freecycled version, instead of buying retail. I still don't budget. I haven't found a system that works for me. Or perhaps I need to focus on exercising that muscle.

So here's the break down. I have $946,982 in assets, including two properties, savings accounts, and retirement accounts. I have $433,110 in liabilities, including two mortgages and an auto loan. My net worth is $513,872. This is the first time my net worth has gone north of $500K so yay for me!

Here's a summary of how my net worth has increased over the past several years. I started tracking my net worth in Aug 2013. Back then, my net worth was $67,423. My net worth broke $100K in Nov 2015 at $100,558. My net worth topped $200K in Oct 2017 at $204,225. My net worth topped $300K sometime between May 2018 and Sept 2018. (During that time, I was sick, and didn't get round to tracking much.) My net worth passed the $400K mark in Dec. 2018 to reach $416,680. And on Sept. 18, 2020, my net worth passed $500K. (I didn't track in July or August. Again, sick.)

Over the next year, I would like to start budgeting so that I know my monthly burn. And also, I'd like to lose about 30 lbs.

May you be safe and content.

basuragomi
Posts: 419
Joined: Tue Oct 15, 2019 3:13 pm

Re: Barlotti in Boston II

Post by basuragomi »

I love it when long-running journals come back to life!

Did you get a new car? What prompted the change?

Depending on your spending, it looks like you are in the final run towards financial independence, within 5 years. Do you have any plans for lifestyle changes when you reach that point?

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