Big milestone this month! Six figures!
Net worth March 09, $101,273 (+27,574 +40%)
For 2009, +25K +33%
That's right -- 27K. This is no April Fools! Eleven months ago, our net worth was at a big fat ZERO. It feels really great to me to have hit six figures in less than a year, and to have funded a wedding.
Highlights:
* 100K NET WORTH, GOAL #1. YAAAAAAAAAY!!!!! Six figures!!!!
* Big self-employment income from Senor Dog. When you get paid by the project, sometimes all the projects happen to end at once, like this month. This was insane. Oh, and we still have to pay income and sales taxes on it. Yuck.
* Beefy business account for 08 taxes and a nasty 09 Q1 estimate in April, ugh. Oh, and the sales taxes. I hate having that much cash sitting in a worthless account, but that's how business accounts are.
* +7K in retirement investments, with 4,900 invested. Yay! I'll take it!
* first taxable investing! 2,500, in FCNTX, FIGRX, and FSTGX
* 5K emergency fund done, Goal # 4
* 15K closing costs saved in cash, Goal # 5
I knocked off 3/7 goals this month, YAY! But it's kind of discouraging to look at the next goals, 200K net worth and a 100K down payment, and see how impossibly far away and how useless they are.
We can't buy a house. If I lose my job, we might have to move. If Senor Dog keeps this up, we'll have 50 employees. Senor Dog and I are in such uncertain times, up or down. And then there's the economy... Since we can't buy a house, the down payment goal seems meaningless.
Hmmm. I'm out of goals. Who would have thought that? Maybe it would be better to have a play investing fund, that might be a fun goal. No, a ADOPTION FUND! I need to think more about my goals. For this year, and beyond.
Wednesday, April 1, 2009
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9 comments:
Congratulations on meeting so many goals at once!
Congratulations on achieving this wonderful milestone. Wishing you success in identifying interim goals. (And what a wonderful goal to set up an adoption fund.)
Congratuations to both you and Senor Dog. I think you're wise to hold off on buying a house right now, both because of the uncertainty and because adoption is also in the plan and that usually ain't cheap.
Maybe the adoption can be your next big goal?
CONGRATULATIONS!!!!!!!!!!! :)
Haters, suck on THAT.
Congrats!! That's a huge jump for one year. I had a big bump last month but I'm still far from 6 figures.
Congratulations!
Great job! I encourage you to put more money in your emergency fund, though. Have you heard the six months of expenses rule of thumb? Especially if you think your job is in danger, it is a good thing to think about. My brother was 8 months out of a job in the early 2000s and he is just now getting out the credit card debt he accumulated because he didn't have enough savings.
Good work Dog! It is always great to hear about people achieving their financial goals. I didn't make my goal of an $80k deposit for a home by the end of March, but should make it by end of April.
End of June 2009 is my aim for a $100k deposit, and that will be pretty tight, but still worth aiming for, I think. I've got a birthday before then - perhaps a parent my surprise me with a small cash gift? :)
Just saw this post, but I wanted to send my congratulations your way. Keep up the good work!
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