My other $100,000 by Age 30 goal

My other $100,000 by Age 30 goal

Kind of funny that even before I knew what the heck I was doing as far as actually have a job or planning out my retirement, I’ve always one financial goal for myself that I’ve kept in the back of my mind, but never put it down on paper err keystrokes and I think I’ve only shared it with one other person. I’ve never really been one to set goals for myself and goals such as saving $100,000 in principal by age 30 for retirement have come as a result of creating this blog and me looking for an excuse to have goals just like all the other bloggers had.

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August 2006 – Retirement NestEgg Report

August 2006 – Retirement NestEgg Report

Increased my retirement nestegg about $1k this month, mainly due to contributions to my Roth 401k. Kind of boring, just like it should be.
My Roth IRA – $10,189.68 (-1.23%)
Wife Roth IRA – $11,613.00 (+1.10%)
Traditional 401K – $10,689.42 (+2.01%)
Roth 401K – $6,042.02 (+16.87%)
Total Retirement Nest Egg $38,534.12 (+2.89%)

2nd Chase Cash Plus Rewards Card

2nd Chase Cash Plus Rewards Card

Well I maxed the $300 annual reward limit on my Chase Cash plus rewards card and I was dissappointed to find out that you can no longer get the card online anymore. Well through a friend I found out that you can still get this card by going into the actual Chase branches. I did so this afternoon and have my 2nd Cash Plus Rewards card on the way.

The great thing about this card is that it pays 5% back on gas and groceries and 1% on everything else. What’s even better about this card is that it treats every single purchase at my local Super Walmart as Groceries and thus I get 5% back on all my Walmart purchases. Seeing as how I am already a Walmart junky this comes in very handy.

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What percentage of your income to do you live on?

What percentage of your income to do you live on?

In my balance transfer post I mentioned that I currently put a big chunk of money away for retirement. I’m married, have a mortgage, and a kid, and well things are starting to get a little tight when it comes to my finances. No longer are there piles of money sitting around in bank accounts that I don’t know what do to with. In fact our cash flow is pretty much dead even or even going in the wrong direction the last couple months.

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July 2006 – Retirement Nestegg Report

July 2006 – Retirement Nestegg Report

Well first off I apologize for missing last months report. I just finished up and post-dated the timestamp. You can find that report here. Anyway another dull month for me, but once again at least I’m still headed in the right direction, even if a majority of my gains were due to Roth 401k contributions. I was expecting to get matching funds from my employer for my 401k either last month or this month, but it has not been the case (good thing I decided to leave employer contributions out of any goal setting I did). Unlike some employers who put matching funds in with each paycheck deposit, my employer waits till the end of the year to decide what % they are going to match, during the hiring process they said historically it was $1 for $1 up to 6%, but talking to people last year they said previous year was more like 4%, anyway they decide this in January for your entire previous years contributions. They then don’t actually deposit this money until after the end of the 2nd quarter. Well end of 2nd quarter came and went and no deposit, I’ve sent an email about the matter but it has gone unanswered. Anyway enough complaining about my employer and more about the report.

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