The Big Scratch – November 2017 Net Worth Report

Holy shit! We just surpassed $800,000 in net worth! We are well past our year end projections of $784,000.

I wish I knew what hashtags were; this might be hashtag worthy.

As you can see, our investments have seen steady growth in 2017, primarily due to a strong market and a high savings rate. We will continue to invest over the next two months but I would also like to build my cash reserve a little.

November 2017 Net Worth

We saw substantial growth to our net worth in October. I also transferred $700 into my savings. I have a few maintenance expenses that I would like to pay for in 2018, so I am going to hoard cash for the next couple of months.

Let’s check out the numbers!

The table shows the balance sheet for the beginning of the month October 2017 and November 2017.

Year-to-date results

Net worth in January 2017 was $663,042.

January 2017 to October 2017 difference = $143,114! This total includes:

Increase/decrease in home equity = $6,563

Investment contributions = $74,361

Earnings/losses = $62,190


Investment Contributions

Our financial savings goal for 2017 is $83,042. It includes investing the maximum to the 401k, Traditional IRA, Health Savings account and the brokerage account.

This has become a stretch goal for us due to a lower than expected raise and bonus. Regardless, I am going to continue to aim for it and find some ways to generate additional income this year.

*Nearly 100% invested in low-fee index funds (VTSAX – Vanguard)


In October, we contributed to:

*My employer contributes a match of 10% of my base salary to the 401k. My contributions to these accounts are automatically deducted from my paycheck. I never even noticed it’s gone.


Savings Rate

Our net income savings rate goal for 2017 is 70%. A high savings rate can be reached through decreased spending and/or by increasing income.


In October, we realized a net income savings rate of 67%! Cumulatively for the year, we have a SR of 68%.

Despite taking three vacations this year, we continue to keep our expenditures low. Soon, our savings rate will achieve the 70% range.

Savings rate on net income is calculated by Total Saved + Mortgage Principal paid divided by Total Income minus taxes and charitable giving.

NISR = Total Saved + Mortgage Principal / Total Income – (Taxes + Charitable Giving)


Investment Income

Our net worth minus our home equity is $538,341. These funds are held in equities and a minor amount in cash. These monies will provide passive income during our FIRE (Financial Independence/ Retire Early) years along with income from our rental property.

ER accounts include Roth and traditional IRA, brokerage and cash


We will consider FIRE when our investments and cash reserves equal $937,424, each bucket is fulland the rental property is paid off. This conservative goal allows us a safe withdrawal rate of 3.5% assuming we need $32,800 investment income per year. We will also have an annual profit of $7,200 from the rental property bringing our allowable annual retirement spending to $40,000.

We aim to live off of $35,ooo or less in retirement so this FI goal should allow flexibility.


Several FI bloggers have surpassed their year-end projections! Have you?


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2 Responses to The Big Scratch – November 2017 Net Worth Report

  1. Raman K says:

    Hello! The 5% raise certainly does help. Great job at keeping investments on track and good luck in future!

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