FIRE Progress

December 10, 2018 – The stock market doesn’t always go up in the short term.  Recent corrections have dropped our net worth even though we have continued to contribute.  I updated our finance report in a lump post for September, October, and November.  Coming up on my the end of my first year at my new job and I expect to receive a promotion in a few months which will boost my pay a few by a few thousand dollars a year and I will then be eligible for bonuses which can be up to 11% of my pay per year.

September 4, 2018 – Updated to add net worth from August.  I still need to head back and add in July as well.  It has been a busy couple of months as closed on the new house and moved in.  A significant jump in net worth and FI percentage is resulted from us purchasing our house for $50,000 less than it was appraised for.

Net worth Tracking

I started tracking my income, expenses, assets, and liability in 2017.  I had turned 30 and I realized my employer’s “early retirement” was still 27 years away (57 for minimum retirement age).  I had already been working in my career for 8 years and I was less than 25% done based on conventional reasoning.

In 2017 I signed up at Personal Capital and loaded up all our assets, bank accounts, mortgage, and student loans.  That initial snapshot showed we were doing much better than the average American, but we definitely had room for improvement.

Graph of Net Worth

Networth

  • November 2018 – $384,690
  • October 2018 – $383,244
  • September – $396,661
  • August 2018 – $401,244
  • July 2018 – $372,572
  • June 2018 – $357,443
  • May 2018 – $352,497

FI Percentage

  • November 2018 – 25.65%
  • October 2018 – 25.55%
  • September 2018 – 26.55
  • August 2018 – 26.75%
  • July 2018 – 24.84%
  • June 2018 – 23.83%
  • May 2018 – 23.50%