Financial Goal Checkup: My very own basketball court

Financial Goal Checkup: My very own basketball court

About 9 years ago I posted a kind of an unique financial goal on this blog – I wanted my very own full court basketball court. In roughly 5 years time I want to have enough money put away so that I can build a house out in the country with a full court outdoor sportcourt basketball/volleyball/tennis/etc court. — MFJ 2007 Well I am here to report on the progress of this not often mentioned financial goal I had for…

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The path forward to two commas ($1M by age 40)

The path forward to two commas ($1M by age 40)

I’m sure I’m not unique and I’m sure every financially savvy person has contemplated the day when their net worth / account balance will surpass the magical $1,000,000 mark. When I started this blog in 2005 I put together a goal of having saved $100,000 in money for retirement by age 30, because as we all know saving the money while you are young allows compound interest to kick some butt on your behalf. Well in August 2009 the deadline…

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Retirement Nestegg Report August 2016

Retirement Nestegg Report August 2016

Well another all-time high for my retirement nestegg and some slight out-performance by my investments. I also broke through the $600,000 mark in the middle of last month One thing new this month is that I have finally decided to include some private stock that I own in my retirement nestegg report. Historically I have not included this for a number of reasons. First it is not a very liquid asset where I can get an updated value each month…

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Interim Retirement Nestegg Report – I broke $600,000

Interim Retirement Nestegg Report – I broke $600,000

Today I officially broke through the $600,000 barrier for the first time in my life. It actually took me 16 months to add another $100k onto my retirement nestegg which is longer than it took me to go from 400k to 500k and 300k to 400k, which is not exactly how this compounding this is supposed to work. That being said the market has only gained 3-4% while my nestegg has increased 20% in the same time. This would be…

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Retirement Nestegg Report – July 2016

Retirement Nestegg Report – July 2016

Another all-time high for my nestegg and some out performance by my investments of the SP500 index. Overall a good month and I’m getting close to another milestone as I approach the $600k mark – which honestly is taking longer than I had anticipated. Overall my investments have not been doing that hot this year so I’m hoping that as things turn around I’ll bust through 600 and hopefully 700 in the relatively near future. Roughly a 15% increase without…

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Retirement Nestegg Report – June 2016

Retirement Nestegg Report – June 2016

Well kind of a mixed month for me. The good news is that my retirement nestegg is at an all-time high, the bad news is that my investments under performed the market quite a bit this month and this year in general and the only reason I hit an all-time new high is that I contributed $26,000 into my taxable account. The $26,000 was part of $50,000 emergency savings that I had sitting on the sideline to absorb any unforeseen…

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Retirement Nestegg Report – May 2016

Retirement Nestegg Report – May 2016

Well not a super great month for my investment performance, but did get some overall growth. One item that caught my eye was that in the first 5 months of the year I have contributed nearly $32,000 to my retirement accounts when you add in my employers generous matching program. When I look back at one of the first goals this blog had was to save $100,000 by the time I was 30 and now that I am now just…

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