FI Progress

In order to be financially independent, we will need $24,000 / yr. in passive income. This will be achieved with a portfolio value of $800,000. The goal is to achieve that by October of 2025, by saving $3,800 / mo. and achieving 10% interest while invested.

This page will have more info added regularly to show-case my progress (or lack of progress) towards Financial Independence.

7/29/2017


To make things a bit easier, I will break our savings into three main categories (Investments, House Equity, and Debt). These will be expounded upon once a year at least.

Total Saved: $4,072

  • We got slightly ahead of our plan for $3,800 this month. Due to an increase to 401k deductions.

Investment Portfolio: $105,018

House Equity:

  • You’ll notice the Zestimate value of our house shifted by almost $7,000 this month! As a result, going forward, and this month, I will assume a static value for the house ($190,000).
  • (House Value ($190,000) – Mortgage Balance ($123,576))

Debt: $15,102 @ 2%

Net Worth: $179,996**

**The large increase is due to the addition of our Prius as valued by KBB ($15,831), in net, we LOST $1,300 in net worth his month (stock market down a bit)

6/26/2017


To make things a bit easier, I will break our savings into three main categories (Investments, House Equity, and Debt). These will be expounded upon once a year at least.

Total Saved: $3,489

  • This total includes amount added to investments + mortgage principal payment + debt principal payment + employee matching on 401k contributions. We are short this month due to funding a side project (Aeroponics Farming) last month.

Investment Portfolio: $100,778

House Equity: $80,826

  • (Zestimate ($204,999) – Mortgage Balance ($124,173))

Debt: $15,381 @ 2%

Net Worth: $170,917 (Up $6,244)

5/28/2017


For now, I’ll plan to break our savings into the following groups:

401(k) – $78,700

IRA’s – $16,137

HSA – $2,692

Taxable Accounts – $930

House Equity – $77,879 (Zestimate – Mortgage Balance)

Prius Debt – $15,659

Our total net worth is $164,673.