MedSaver's Journal

Where are you and where are you going?
white belt
Posts: 1452
Joined: Sat May 21, 2011 12:15 am

Re: MedSaver's Journal

Post by white belt »

What are your goals once you reach FI?

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

May 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $1,858,212
Estimated Home Worth: $1,015,000

Liabilities:
Mortgage: $708,588 @ 2.75% fixed

Net:$2,164,624

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

white belt wrote:
Thu Apr 29, 2021 11:13 pm
What are your goals once you reach FI?
We aren't entirely certain. Travel more, volunteer, go part time.

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

June 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,042,408
Estimated Home Worth: $1,068,000

Liabilities:
Mortgage: $707,386 @ 2.75% fixed

Net:$2,403,022

DutchGirl
Posts: 1646
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

Financial things are going well, I see :-) Well done!

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

July 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,093,331
Estimated Home Worth: $1,075,500

Liabilities:
Mortgage: $706,000 @ 2.75% fixed

Net:$2,462,831
Last edited by MedSaver on Mon Aug 30, 2021 11:57 pm, edited 2 times in total.

DutchGirl
Posts: 1646
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

I just noticed now that you reached $2 million in investments a couple of months ago; nice!

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

August 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,158,713
Estimated Home Worth: $1,092,600

Liabilities:
Mortgage: $704,714 @ 2.75% fixed

Net:$2,546,599

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

DutchGirl wrote:
Tue Aug 17, 2021 1:24 am
I just noticed now that you reached $2 million in investments a couple of months ago; nice!
Yup. Chuggin' along.

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

September 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,161,951
Estimated Home Worth: $1,113,000

Liabilities:
Mortgage: $703,433 @ 2.75% fixed

Net:$2,571,518

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

October 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,271,365
Estimated Home Worth: $1,113,000

Liabilities:
Mortgage: $702,100 @ 2.75% fixed

Net:$2,682,265

DutchGirl
Posts: 1646
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: MedSaver's Journal

Post by DutchGirl »

Nice. You're getting closer to your first goal of $3 million liquid - maybe a year more or so? How do you feel about that?

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

November 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,272,736
Estimated Home Worth: $1,113,000

Liabilities:
Mortgage: $700,800 @ 2.75% fixed

Net:$2,684,936

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

DutchGirl wrote:
Sat Oct 30, 2021 9:44 am
Nice. You're getting closer to your first goal of $3 million liquid - maybe a year more or so? How do you feel about that?
Feels pretty much the same after a while. But nice to know we are closer to being able to exit the rat race if we want/need to.

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

Annual Update

MedSaver gross W2 income 2021: $977,769 (2020: $532,499), up 84%.
Net income 2021: $499,775 (2020: $312,696), up 44%.
Monthly net: $37,481

Mrs. MedSaver gross W2 income 2021: $169,696 (2020: $160,713), up 6%.
Net income 2021: $22,153 (2020 $21,960)
Monthly net: $1,846

A very strange year. We do not expect to ever have this high income ever again.

Spending breakdown (monthly):
Food: $1700 (up from $1000)
Mortgage: $4200
Insurance: $800 (down from $900)
Student loans (both): $0 (previously $3880)
Utilities: $200 (no change)
Gas: $380 (previously $250)
Internet: $85 (no change)
Cleaning service: $320 (previously $150)
Cell phone: $125 (previously $140)
Travel: $2000 (previously $280) - traveled a little bit, prepaid for a trip in 2022
Other: $9500 (previously $5900)

Total monthly 2021: $19,310 (previously $19,890)

December 2021:

Assets:
IRA/Brokerage/403b/457/cash: $2,452,091 (Jan 2021 $1,725,136)
Estimated Home Worth: $1,113,000

Mortgage: Mortgage: $699,530 @ 2.75% fixed

Net Assets: $2,865,561 (Jan 2021 $1,786,136), which is +$89,952/month (previously $52,165/month)

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

Re: MedSaver's Journal

Post by 2Birds1Stone »

Insanely wonderful accumulation progress!

I mean this in the least offensive way possible, but as someone who consumes in a month what many here do in a year, what do you hope to get out of this community?

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

January 2022 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,330,507
Estimated Home Worth: $1,113,000

Liabilities:
Mortgage: $698,227@ 2.75% fixed

Net:$2,745,280

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

2Birds1Stone wrote:
Fri Dec 31, 2021 3:05 pm
Insanely wonderful accumulation progress!

I mean this in the least offensive way possible, but as someone who consumes in a month what many here do in a year, what do you hope to get out of this community?
Hello there. No offense taken. We know we spend a lot (relatively speaking). My intentions for this journal are mainly to keep track of our financial state. I would be able to do it otherwise, but having some of these numbers available for review is very helpful. For example, I can easily click through prior posts to figure out what we made/spent for any given month/year since 2016. Beyond that, it's just nice to get an occasional word of encouragement or query from other financially-minded folks.

MBBboy
Posts: 212
Joined: Sat Jan 01, 2022 12:11 pm

Re: MedSaver's Journal

Post by MBBboy »

Getting close to the original goal of $3-4M - have y'all thought at all about what reducing work would look like now that you're getting closer? Has it changed over time?

Also, see that groceries went up quite a bit. Was curious if you ever sussed out the drivers behind that; we are looking to get our grocery spend down and also have high incomes, so want to know what to watch out for!

MedSaver
Posts: 153
Joined: Tue Nov 24, 2015 1:04 am

Re: MedSaver's Journal

Post by MedSaver »

February 2022 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,259,855
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $696,918@ 2.75% fixed

Net:$2,712,937
Last edited by MedSaver on Thu Mar 31, 2022 12:37 am, edited 1 time in total.

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