Wednesday, January 31, 2018

January 2018

Sep-2017
Oct-2017
Nov-2017
Dec-2017
Jan-2018
Assets





Retirement
426,672.84
438,995.45
444,555.30
457,770.07
477,705.20
529college
17,214.84
17,872.05
18,155.43
18,828.16
19,853.29
Bank Accounts
40,419.20
38,914.60
42,484.08
43,357.97
41,353.08
Investments
15,237.29
16,771.70
17,219.82
18,323.18
19,844.21
Bonds
12,352.20
12,353.96
12,355.76
12,357.52
12,371.98
House
300,000.00
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
811,896.37
824,907.76
834,770.39
850,636.90
871,127.76





Liabilities
274,231.26
271,658.75
269,276.88
266,593.09
264,002.67





Net Worth
537,665.11
553,249.01
565,493.51
584,043.81
607,125.09
Change MoM
16,543.64
15,583.90
12,244.50
18,550.30
23,081.28

Another month of steady increase of Assets and decline of Liabilities, culminating in the largest MoM increase in Net Worth.

2017 in review and looking forward to 2018

Here is a graphical representation of how our Assets, Liabilities and Net Worth changed throughout 2017.





















We are very cognizant of the fact that our assets have continued to grow not only because of what we put into the accounts but also, significantly, due to the historic stock market run we're in the middle of. The markets will probably not continue at this pace for long. But hey, make hay while the sun shines!

We also love the first few months of the year. Annual bonuses, yearly raises, 401(k) match from the employer - all come in the months of January to March. The next few posts should be fun!

Looking forward to this year: M got a job offer, starting later this year. The new salary would be an increase of 48% over the current pay; with (guaranteed) bonuses, it's a 60% jump. This change should provide a powerful push in our search for FIRE. With this development, we're setting up new goals.

Here it then:

1. Pay off all student loans by end of 2018

2. We hope/plan to pay off our mortgage by the end of 2022 


Outstanding student loans today stands at tad under $19k. This WILL be wiped off by the end of the year, possibly by October.

Our mortgage is currently at $226k. It's more than just "hope" - we are paying around $800 extra towards principal each month. When the student loans are paid off, that will free up $1.4k a month which will then be directed towards the mortgage. When M starts the new job, we estimate that we'll be able to pump in a total of $3k towards extra principal each month.

Will this be hard? Almost certainly! If you ain't sweating for it, you're not doing it right. At that point (when we're mortgage free) we'll be that much closer to FIRE.


Friday, December 29, 2017

December 2017

Jan-2017
Sep-2017
Oct-2017
Nov-2017
Dec-2017
Assets
Retirement
359,774.81
426,672.84
438,995.45
444,555.30
457,770.07
529college
14,317.25
17,214.84
17,872.05
18,155.43
18,828.16
Bank Accounts
47,050.67
40,419.20
38,914.60
42,484.08
43,357.97
Investments
12,282.92
15,237.29
16,771.70
17,219.82
18,323.18
Bonds
11,888.20
12,352.20
12,353.96
12,355.76
12,357.52
House
300,000.00
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
745,313.85
811,896.37
824,907.76
834,770.39
850,636.90
Liabilities
287,173.32
274,231.26
271,658.75
269,276.88
266,593.09
Net Worth
458,140.53
537,665.11
553,249.01
565,493.51
584,043.81
Yearly change
Change MoM
16,543.64
15,583.90
12,244.50
18,550.30
125,903.28


Another uneventful, but solid, month to close out the year. We gained over $125k in net worth this year! 

There are some big plans for next year, stay tuned for the January post.

Wishing everyone a safe and enjoyable holiday season. Live each moment and make unforgettable memories. Peace and love to all.