I mean, I don’t love that I had to record “outflow” market adjustments on my investments, but HEY! At least my monthly contributions to my SEP-IRA and my Traditional IRA are coming when the markets are slightly down and therefore I’m buying at a discount.
I’m just shy of $80,000 net worth as of today.
My income is going to slow down for ~3-6 months starting in December and I won’t be putting as much away in savings, so I probably won’t hit $100,000 net worth goal until late next year, market performance pending. I’d love to hit it before my birthday in July, but that seems unlikely unless I get some real wins in the income department early in the year or the unprecedented market returns continue.
I think I’ll hit $50K total invested in Q1 of 2022, markets pending.
Also I changed the colors out. Red (total trailing 12 month expenses) and Green (4% of invested assets) are the easy ones to focus on. (Yellow - expenses without mortgage P+I; Blue - 4% if mortgage paid off.)
My non-retirement shares dropped a lot in value over the past month. The win is that I’m not planning on selling our work shares until next April at the earliest, and we don’t actually need the money because we’ve done so well at saving the past 2 years! I have 1/3 of our renovation cost saved up so far.
Between the drop and our new car predicament I’m thinking I may spare myself my net worth calculation this month and pick it up again when it’s sunnier.
Mine went up much more than anticipated – had some market gain still, plus my savings, but Wizard’s parents also gave us some cash towards a house downpayment. Some of that is coming through me to our joint household, as blah blah gift taxation limits, IRS, etc.
On the one hand, very grateful and very excited because HOUSE.
On the other hand… feeling very weird about being the recipient of this kind of generational wealth.
We’d like to in the next two years or so. Still a good amount of work to do with savings before we’re buying (plus, we’d like to get to know the city better before we settle in one neighborhood).
Haha this is an ongoing debate. I think SFH is more likely, because one of my priorities is outdoor space (I want a garden, dammit), and one of Wizard’s priorities is more indoor space (I’d be happy at 800-1000 sqft, he wants to be more in the 1500 sqft range – and the latter don’t show up often in apartments). I also hate HOAs with an undying passion.
That being said, if the right apartment in a cute bungalow court with a yard and the space that Wizard dreams of pops up… we’d be interested.
and pick it up again when it’s sunnier.
Are you house shopping soon?
