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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?