In case you couldn’t tell, I am SUPER PUMPED I hit the 6 fig­ures mile­stone.

Me and Jeremy renner are super excited
Me and Jere­my ren­ner are super excit­ed

$100K! I just can’t believe it’s actu­al­ly here!

I start­ed out in 2014 at the age of 23 with a net worth of $10k. In 2.5 years (or 30 months or 900ish days) I accu­mu­lat­ed an addi­tion­al $90,000 dol­lars! Or, added up, I saved just over $100/day for the last 2.5 years. Thank good­ness that was auto­mat­ed or else I would’ve snort­ed and told you I didn’t have enough mon­ey for that. In the immor­tal words of Sweet Brown, “Ain’t nobody got mon­ey for that!!” But I did!

A handy dandy chart of my journey
A handy dandy chart of my jour­ney

Let’s take a clos­er look at the num­bers.

My total income for that times­pan was rough­ly $125k after tax­es, so that means my sav­ings rate was almost 75% of my after-tax income, or 54% of my total income. Stu­pid tax­es. That means Uncle Sam has got­ten almost $40k in tax­es from me alone. Yikes! [Note: That’s an esti­ma­tion. I don’t have my W-2’s sit­ting in front of me.]

A read­er sent me an email inquiry ask­ing how my net worth is allo­cat­ed. Is it all cash, all invest­ments, some prop­er­ty?

Behold! A break down of all my accounts. I made sure to make it anoth­er super fan­cy Paint graph­ic too 🙂


%networth86% of my $100k net worth is var­i­ous invest­ments in a few dif­fer­ent accounts (401k, Roth IRA, tax­able, etc). This com­pris­es the vast major­i­ty of my net worth, as I have the eas­i­est access to my invest­ment accounts. Not even see­ing the mon­ey makes it super easy for me to save so much. Oth­er­wise, I’d just spend it all on var­i­ous stuff. See the oth­er super awe­some graph below for a bet­ter break­down of my invest­ments.

9% of my $100k net worth is cash. I have a fair amount of cash on hand for a few dif­fer­ent rea­sons. One, I like to have the rel­a­tive com­fort of see­ing large num­bers in my check­ing and sav­ings accounts. Grow­ing up poor means I still get a thrill out of hav­ing that much cash on hand. I’m also sav­ing up for my house down pay­ment fund, and I have a fair­ly decent sized emer­gency fund as well.

The last 5% com­pris­es the Kel­ly Blue Book val­ue of my 2005 Pon­ti­ac Vibe. Whether the car is actu­al­ly worth $4970 is anoth­er mat­ter entire­ly. I like to include my car in my net worth as it is an asset (albeit a depre­ci­at­ing one). IF some­thing went dras­ti­cal­ly wrong and I need­ed cash real­ly fast, I could sell it. The Pon­ti­ac Vibe is a very pop­u­lar car due to being almost exact­ly the same as a Toy­ota Matrix on the inside. Not to men­tion, it’s a great lit­tle car!



69% of my invest­ments are in my 401(k) with my cur­rent employ­er. We have a Fideli­ty 401(k) with some very nice options. For instance, 98% of my con­tri­bu­tions go to our S&P 500 index fund that only charges .01% ER! That’s amaz­ing! The oth­er 2% go to bonds that also have a very low ER.

21% of my invest­ments are in my Roth IRA. I intend to do a Roth IRA lad­der when I’m done work­ing, so this sets up a good base for that. I also want to fill my Roth to the max while my income is still low enough to be under the lim­it. I will also be able to use these con­tri­bu­tions to tide me over until my Roth IRA lad­der kicks in if my tax­able invest­ment account gets too low.

Speak­ing on tax­able invest­ment accounts, that makes up 6% of my invest­ments. I orig­i­nal­ly start­ed it when I received a VERY small trust from my grand­ma when she passed away a few years ago, since I didn’t know what to do with it and didn’t want to waste it at the time. I took a chunk out of it to fund part of my Roth IRA last year. Unfor­tu­nate­ly, I just don’t make enough to be able to put a whole bunch in here, although any wind­falls I get go straight into this account. Hope­ful­ly in a few years I will be able to throw a lot more mon­ey into this account, as I will need it for the start my Roth IRA lad­der.

The last 4% of my invest­ments are in my HSA. I have a qual­i­fy­ing insur­ance plan through work, so I put a bit into it each month. Max­ing this account for the year is my next goal. I cur­rent­ly con­tribute $100 a month, so I have a bit more to go before I max it out. After­all, accord­ing to the Mad Fien­tist, this account is the ulti­mate retire­ment account!

I am now 17% of the way to my FI num­ber! It’s my hope my con­tri­bu­tions will have less of an impact and mar­ket gains will have more of the impact on my net worth as time goes on. I’ve heard that’s a thing that hap­pens as your invest­ments get big­ger, so I’m excit­ed to expe­ri­ence that momen­tum for myself 🙂

Before I end this, let me also insert a caveat on all this. I expect my net worth to fluc­tu­ate over time. I was stuck at $80k for a few months when we went through the cor­rec­tion at the begin­ning of the year, so I’ve had a taste of what that feels like and am bet­ter pre­pared to han­dle it should that hap­pen again. I mean.… when that hap­pens again. I am well aware the possibility/probability of a mar­ket slowdown/crash exists and will do my best to stay the course and con­tin­ue with my invest­ing plans.

Now.….. onto $150k! Onwards and upwards!!

Have you hit a major mile­stone late­ly?

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27 thoughts on “MEGA MILESTONE: $100K

  1. Con­grat­u­la­tions!

    I’m a lit­tle bit behind you, but I’ve only been work­ing for just over a year. I’m a few hun­dred dol­lars short of $90k at the moment (not count­ing my car’s val­ue). Hope to hit $100k by this fall. Want to race to $150k? 😉

  2. Con­grats Gwen! Just remem­ber some of that $90k increase is appre­ci­a­tion of your invest­ments and not “sav­ings”. Mr. Mar­ket is a good friend of ours 🙂

    You’ll be at $150k in no time!

    • I like to think of Mr. Mar­ket as a fren­e­my. He could make my life great, or crash and make me sad. Late­ly he’s been doing the for­mer and I’m very grate­ful 🙂

  3. That’s awe­some! I might have missed it, but what app/software do you use for the cal­cu­la­tion? Or do you man­u­al­ly enter the infor­ma­tion? Thanks 🙂

    • I use Mint for the graphs and aggre­ga­tion of the raw data, and then I also have an in depth spread­sheet to do some mod­el­ing and pro­jec­tion for the future.

  4. So cool to run across your blog. It’s hard to find some­one at at a sim­i­lar place/age writ­ing about their FI jour­ney. Look­ing for­ward to fol­low­ing along!

  5. At your age, a mar­ket crash would actu­al­ly be a great oppor­tu­ni­ty. Gives you a chance to buy low rather than at the high prices we have now.

    The finan­cial cri­sis hap­pened the year after I left the work­force. Not fun.

    • I would wel­come it except for one thing: I’m not sure I’d be able to keep my cur­rent job if the mar­ket crashed. My com­pa­ny is already in a trough and I’m fair­ly new.

  6. Con­grats that is a heck of a mile­stone and to put what Char­lie munger said the first 100,000 is the hard­est to earn. Now upwards and onwards

  7. Way to go! I’m hap­py to have found a blog that I can relate to.. I start­ed work­ing full-time in June of 2013, so its nice to have a good bench­mark. I’ll admit, I haven’t done as good as you, espe­cial­ly ear­ly on.. I think I came out of school with a neg­a­tive net worth, and I real­ly didn’t have stu­dents loans 🙁 I’ve been lucky to get a lot of nice bonus­es at work, so I’ve pulled in more income, but my net worth is only at 85k (very sim­i­lar dis­tri­b­u­tion to yours, too, which is SUPER com­fort­ing! 66% 401k, 20% Roth, but 12% HSA!) I’ve final­ly focused on my bud­get and the goal of buy­ing a house, so hope­ful­ly I’ll get to that 100k soon!

    • You’ll get there in no time at all! It’s com­fort­ing to me too to know your dis­tri­b­u­tion looks like mine. I feel like we’re all going at this blind, even with all the help from the more estab­lished blog­gers out there.

  8. This is just SO incred­i­bly awe­some! I’m a Gen X’er, with a daugh­ter who is 15 (do they even have a name for that lot yet??) and I’m going to have her fol­low this blog too…because she will learn a lot from you, Gwen! BRAVO on these sav­ings and keep up the good work!

    • Hey Kim! I think they’re called Xin­ni­als for now, but I don’t think that’s set in stone yet. If she even starts think­ing about this stuff at 15, she’ll be light years ahead of her peers. Who knows, she could be Finan­cial­ly Inde­pen­dent by 30!

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