Comments on: Net Worth Update: $919,538.34 [+$35,627.71 or 4.03%]

By: Marcus Teo

Marcus Teo — Mon, 12 Aug 2019 02:40:28 +0000

Hey J, thanks for sharing your progress. Indeed, last month’s bloodbath was a tiny blip of 7%, something that I took advantage of. I was wondering if you hold individual stocks or buy the index ETF? I have written some articles on choosing great companies and would love for you have a look. https://onceamillenium.com/how-to-select-wonderful-companies/
Cheers!

By: J. Money

J. Money — Thu, 18 Jul 2019 18:12:02 +0000

In reply to Kristin.

We do own the cars (both are 100% paid off), but def. not the mortgage…

Yet :)

Just picked up the house two months ago so it’ll take a little time…

By: Kristin

Kristin — Thu, 18 Jul 2019 15:56:07 +0000

Great job at having a positive net worth! I am curious to know why you are financing cars when you could have them paid off? I’m a Dave Ramsey guru and follow those guidelines to be out of debt. You have a positive net worth, however, you don’t own your cars or house.

By: J. Money

J. Money — Fri, 12 Jul 2019 14:11:11 +0000

In reply to Darrell.

yeah it is! HAHA…

if you ever want to write up something about it I’d be happy to feature it on the blog once I’m back in session :)

neat way of thinking about things!

By: Darrell

Darrell — Thu, 11 Jul 2019 16:00:39 +0000

In reply to J. Money.

Yup, every $52k is another dollar an hour! I’m past minimum wage, for now…but need to keep growing to keep pace as it increases in my state. I’m not sure why I’m thinking along those lines since I’m not an hourly worker…it’s just fun!

By: J. Money

J. Money — Thu, 11 Jul 2019 10:14:38 +0000

In reply to Darrell. wow - that is fascinating! what got you thinking along those lines? have you calculated your own hourly earnings too? :)

By: Darrell

Darrell — Wed, 10 Jul 2019 16:43:16 +0000

Fun fact: you have $794k in your retirement accounts (not sure how to account for the TSP, but included it anyway). At a 4% withdrawal rate and assuming 2080 hours a year, you would “earn” $15.27 an hour, which is more than the minimum wage is set to be in California after all of the annual increases that are coming.

By: J. Money

J. Money — Wed, 10 Jul 2019 09:21:49 +0000

In reply to Derek Olsen. Your house! I'll supply the fun if you supply the beverages :)

By: Derek Olsen

Derek Olsen — Tue, 09 Jul 2019 18:56:41 +0000

This is the year it happens.

When/Where is the million dollar party you will no doubt be throwing?

;)

By: J. Money

J. Money — Tue, 09 Jul 2019 09:50:19 +0000

In reply to GCL.

Oooooh very well done!! That’s a lot of money for your age! I was around $140,000 as I turned 30 :)

If you ever want to share your story/numbers with us here on this blog, just shout and we’ll make it happen! Should be very proud of yourself!