GOAL PROGRESS

After reading Mr. 1500’s goal page and Mr. Money Mustache’s reasons for proclaiming a goal publicly, I decided to make our goal more specific. Hopefully, making the goal public will give us more motivation to achieve the goal and motivate others to pursue financial goals of their own.

Here are a bunch of other bloggers who share their net worth on Rockstar Finance:

DIRECTORY OF PERSONAL FINANCE BLOGS

Our goal (beginning February 15, 2016) is:

  1. to completely pay off the mortgage on our condo [rental property as of 10/2016] (starting at $179,304 in February 2016) by the end of 2020 (see progress of mortgage goal here)
    • balance of $148,800 by 12/31/2016 (status as of 12/19/16: $155,000; paid down $24,304)
    • balance of $111,600 by 12/31/2017
    • balance of $74,400 by 12/31/2018
    • balance of $37,200 by 12/31/2019
    • zero balance by 12/31/2020
  2. to have a net worth of $1,000,000 by December 31, 2020
    • initial net worth (at start of blog on 2/15/16) : $311.584.35
    • net worth of $400,000 by 1/1/17 (status as of 12/19/16:  $438,003.81 (+$126,419.46))
    • net worth of $550,000 by 1/1/18
    • net worth of $700,000 by 1/1/19
    • net worth of $850,000 by 1/1/20
    • net worth of $1,000,000 by 12/31/20

What’s the point? (see here: Why FI? (Financial Independence, that is)

Around the middle of each month, I’ll update our progress here.

2017

  • June 2017 update
    • Net Worth: $502,711.86 (+$11,225.24)
    • Mortgage: $143,470.84 (paid down $438)
  • May 2017 update
    • Net Worth: $491,486.62 (+$239.39)
    • Mortgage: $143,908.85 (paid down $1,837)
  • April 2017 update
    • Net Worth: $491,247.23 (+$4,224.03)
    • Mortgage: $145,745.67 (paid down $6,432)
  • March 2017 update
    • Net Worth: $487,023.20 (+$8,512.58)
    • Mortgage: $152,177.53 (paid down $1,411)
  • February 2017 update
    • Net Worth: $478,510.62 (+11,363.37)
    • Mortgage: $153,589.32 (paid down $411)
  • January 2017 update
    • Net Worth: $467,147.25 (+$29,143.44) 
    • Mortgage: $154,000.00 (paid down $1,000)

2016 (Net worth: +$126,419.46; Mortgage: -$24,304)

  • December 2016 update
    • Net Worth: $438,003.81 (+$8,907.84) 
    • Mortgage: $155,000.00 (paid down $789)
  • November 2016 update
    • Net Worth: $429,095.97 (+$10,130.25) 
    • Mortgage: $155,789.07 (paid down $405)
  • October 2016 update
    • Net Worth: $418,965.72 (+$9,212.20) 
    • Mortgage: $156,193.81 (paid down $404)
  • September 2016 update
    • Net Worth: $409,753.52 (+$29,837.18) 
    • Mortgage: $156,597 (paid down $403)
  • August 2016 update
    • Net Worth: $379,916.34 (+$4,605.56) 
    • Mortgage: $157,000 (paid down $1,000)
  • July 2016 update
    • Net Worth: $375,310.78 (+$17,235.83) 
    • Mortgage: $158,000 (paid down $1,900)
  • June 2016 update
    • Net Worth: $358,074.95 (+$12,097.18) 
    • Mortgage: $159,900 (paid down $7,100)
  • May 2016 update
    • Net Worth: $345,978 (+$6,816.49)
    • Mortgage: $167,000 (paid down $2,993)
  • April 2016 update
    • Net Worth: $339,161 (+$5,339.23)
    • Mortgage: $169,993 (paid down $4,487)
  •  March 2016 update
    • Net Worth: $333,822 (+$22,237.70 – stock market uptick)
    • Mortgage: $174,480 (paid down $3,824)
  • February 2016 (started February 15, 2016)
    • Net Worth: $311,584.35
    • Mortgage: $179,304
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