After reading 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.
Our goal (beginning February 15, 2016) is:
- 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 (status as of 12/19/17: $123,010; paid down $31,989.55)
- balance of $74,400 by 12/31/2018 (status as of 12/19/18: $106,362.10; paid down $16,648.35)
- balance of $37,200 by 12/31/2019 (SOLD on 4/19/19; zero balance)
- zero balance by 12/31/2020
- 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 12/19/2016: $438,003.81 (+$126,419.46))
- net worth of $550,000 by 1/1/18 (status as of 12/19/2017: $556,080.94 (+$118,077.13))
- net worth of $700,000 by 1/1/19 (status as of 12/19/2018: $642,176.89 (+$86,091.95))
- net worth of $850,000 by 1/1/2020 (status as of 12/19/2019: $755,395.52 (+113,218.63))
- net worth of $1,000,000 by 12/31/2020 (status as of 12/21/2020: $846,605.76 (+91,210.24))
- didn’t make it but came close!
- finally did it! Net worth is $1,023,473.84 as of 4/19/2021
What’s the point? (see here: Why FI? (Financial Independence, that is)
Around the middle of each month, I’ll update our progress here.
2021
- April 2021 update
- Net Worth: $1,023,473.84 (+$52,199.80)
- March 2021 update
- Net Worth: $971,274.04 (+$76,270.93)
- February 2021 update
- Net Worth: $895,003.11 (+$27,780.13)
- January 2021 update
- Net Worth: $867,222.98 (+$20,617.22)
2020 (Net worth: +$91,210.24)
- December 2020 update
- Net Worth: $846,605.76 (+$16,044.37)
- November 2020 update
- Net Worth: $830,561.39 (+$35,063.25)
- October 2020 update
- Net Worth: $795,498.14 (+$1,284.62)
- September 2020 update
- Net Worth: $794,213.52 (+$709.73)
- August 2020 update
- Net Worth: $793,503.79 (+$7,612.51)
- July 2020 update
- Net Worth: $785,891.28 (+$24,757.72)
- June 2020 update
- Net Worth: $761,133.56 (+$13,770.21)
- May 2020 update
- Net Worth: $747,363.35 (+$15,478.54)
- April 2020 update
- Net Worth: $731,884.81 (+$54,409.09)
- March 2020 update
- Net Worth: $677,475.72 (-$97,175.62)
- February 2020 update
- Net Worth: $774,651.34 (+$6,946.35)
- January 2020 update
- Net Worth: $767,704.99 (+$12,309.47)
2019 (Net worth: +$113,218.63)
- December 2019 update
- Net Worth: $755,395.52 (+$5,981.88)
- November 2019 update
- Net Worth: $749,413.64 (+$13,254.16)
- October 2019 update
- Net Worth: $736,159.48 (+$8,078.18)
- September 2019 update
- Net Worth: $728,081.30 (+$4,527.50)
- August 2019 update
- Net Worth: $723,553.80 (+$9,503.60)
- July 2019 update
- Net Worth: $714,050.20 (+$14,542.52)
- June 2019 update
- Net Worth: $699,507.68 (-$7,088.21)
- May 2019 update
- Net Worth: $706,595.89 (+$1,982.04)
- April 2019 update
- Net Worth: $704,613.85 (+$12,880.02)
- Mortgage: $0 (SOLD on 4/19/19)
- March 2019 update
- Net Worth: $691,733.83 (+$27,853.32)
- Mortgage: $104,738.62 (paid down $542)
- February 2019 update
- Net Worth: $663,880.51 (+$12,226.83)
- Mortgage: $105,281.24 (paid down $541)
- January 2019 update
- Net Worth: $650,115.34 (+$7,938.45)
- Mortgage: $105,822.40 (paid down $540)
2018 (Net worth: +$86,091.95; Mortgage: -$16,648.35)
- December 2018 update
- Net Worth: $642,176.89 (-$652.22)
- Mortgage: $106,362.10 (paid down $538)
- November 2018 update
- Net Worth: $642,829.11 (+$7,169.31)
- Mortgage: $106,900.34 (paid down $537)
- October 2018 update
- Net Worth: $635,659.30 (+$4,177.05)
- Mortgage: $107,437.12 (paid down $535)
- September 2018 update
- Net Worth: $631,482.75 (+$3,328.24)
- Mortgage: $107,972.45 (paid down $7,029)
- August 2018 update
- Net Worth: $628,154.51 (-$4,052.33)
- Mortgage: $115,000.94 (paid down $2,510)
- July 2018 update
- Net Worth: $632,206.84 (+$10,317.50)
- Mortgage: $117,510.44 (paid down $509)
- June 2018 update
- Net Worth: $621,889.34 (+$17,704.82)
- Mortgage: $118,018.57 (paid down $1,504)
- May 2018 update
- Net Worth: $604,184.52 (+$9,576.23)
- Mortgage: $119,522.62 (paid down $1,001)
- April 2018 update
- Net Worth: $594,608.29 (+$17,385.36)
- Mortgage: $120,523.96 (paid down $999)
- March 2018 update
- Net Worth: $577,222.93 (+$9,060.66)
- Mortgage: $121,522.60 (paid down $497)
- February 2018 update
- Net Worth: $568,162.27 (+$8,097.88)
- Mortgage: $122,019,89 (paid down $496)
- January 2018 update
- Net Worth: $560,064.39 (+$3,983.45)
- Mortgage: $122,515.84 (paid down $494)
2017 (Net worth: +$118,077.13; Mortgage: -$31,989.55)
- December 2017 update
- Net Worth: $556,080.94 (+$5,740.22)
- Mortgage: $123,010.45 (paid down $494)
- November 2017 update
- Net Worth: $550,340.72 (+$9,066.03)
- Mortgage: $123,504 (paid down $496)
- October 2017 update
- Net Worth: $541,274.69 (+$2,636.18)
- Mortgage: $124,000 (paid down $5,416)
- September 2017 update
- Net Worth: $538,638.51 (+$8,221.51)
- Mortgage: $129,415.54 (paid down $7,584)
- August 2017 update
- Net Worth: $530,417.00 (+$13,446.33)
- Mortgage: $137,000 (paid down $5,472)
- July 2017 update
- Net Worth: $516,970.67 (+$14,258.81)
- Mortgage: $142,471.65 (paid down $999)
- 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