Tag Archives: goals

Objectives Towards a Better Reality

My “work husband” jokes that I ought to just say “loop” every time I text him how frustrated I am and that I need to get a new job. He often texts me similar sentiments in return so we put up with each other’s recurrent complaints, and both share the same frustration with the many things that don’t make sense with constantly-changing goals and lack of opportunity to focus on doing anything meaningful beyond the creation of a quick shiny object before moving on to the next. So, here I am, loop.

But leaving this job is no longer a question of if, but when. It’s more — what do I do next? I recently retook a Myers Brigs type test and I tested clearly as an INTP (no longer an INFP.) That tells me I’m fed up with bullshit and more appreciative of fact and logic in my old age. What a curmudgeon I’ve become. And I like it that way.

I feel like I have two paths here — one where I continue on my “business side” road, where I’ll never be a fit. I’ll have a few wins here and there because I can use logic to come up with ideas that make sense — but they will frequently be sabotaged by people who communicate better than I do and who think they know better. So everything I do will be some watered down or altered or not at all what it was supposed to be version of what I wanted to do. Even though for the most part I don’t even like what I want to do because I can’t get to it in a rational manner. I keep asking — WHY THE FUCK ARE WE DOING THIS — and if I can’t solve for that then it’s hard for me to do anything at all.

And in all my queries over the years I keep looping back to that I need to KNOW things. Not just any things. But I need skills. I need to understand programming. Not that I would be a programmer. Maybe I would be. I doubt it. But I need to understand how things work. To better communicate with the people who make things. So I can also make things. Even if I’m not, well, making them myself. This opens up paths to product management, data science, UX in collaboration with developers, and other roles that I could see being fulfilling in allowing me to build things and doing things that make sense.

The only problem is my focus is non existent. I’ve tried to go down this path before, and I don’t get very far. It’s not even frustration as I just feel like I have no ability to commit to anything whatsoever. It’s a problem. But here in my old age I know I need to. And I have this luxury of time that I normally don’t have where I could, if I get my darned act together, set aside some hours in the day to take a self-paced course and learn some things. I have a lot to do for work, but given I have a goal to move on soon, I don’t have to do anything above and beyond for my current job. And there are definitely times when I have downtime so I might as well put those to learning something useful.

I really like the idea that to get anything done in life you have to make a list of the 25 (or in my case 200) things you want to do and then pick the top 3-5 and cross out all the others. I haven’t quite made the list, but I’d say at the top of it would be 1. learn the fundamentals of coding (probs python since that seems to pop up everywhere) 2. build something even if it sucks 3. clean my house (/get a kitchen table set.) 4. exercise 4x a week 30 minutes a day and don’t order takeout; 5. prioritize work to-dos by day over the next 12 weeks and get that shit done (and repeat as needed.)

I think this is a reasonable and healthful list where if I can accomplish these things by the end of 2022, ongoing, I’ll be in a MUCH better place going into 2023.

I imagine applying for jobs would look much differently if I can say I completed a certificate for programming and/or built something. Because there are two types of people in the world, people who build and the people who try to make everyone see the value in what has been built. Ok, then also people who don’t want anything to do with building things and just want to make sure everyone is doing ok in the process of building those things. So maybe three types. I’m 100% a builder. I need to figure out how to be where I’m meant to be. I have 20-30 years of work left, which isn’t much time, but it’s quite enough time to either go batshit crazy or to be part of building something meaningful that I can be proud of.  I prefer the latter.

Is a $3M 2022 Possible?

Anyone who follows my blog knows that my FIRE numbers are somewhat arbitrary. Yet I know that if we have $5M we can probably take out $200k in perpetuity and be able to live on our savings, give or take. $10M and $400k a year forever. Sounds nice. Sounds like FREEDOM. It also seems quite impossible. But less impossible after a few really solid years of net worth growth. I made a lot of dumb financial decisions which limited the growth, but still it’s crazy thinking we went from $600k to $2.5M in net worth in just 4 years. It makes that $5M and $10M goal seem – well, possible.

The year isn’t over yet — one more day of market ups and downs — but I think it’s fair to say we’re wrapping up around $2.5M:

  • $20k cash
  • $870k stocks
  • $35k bonds
  • $638k – IRA/401k
  • $152k – Roth
  • $445k – home equity
  • $293k – 529

===============

$2.4M, give or take

===============

So we have $600k to $3M.

While we increased our net worth by $600k this year, it’s highly unlikely that will happen again next year as I no longer have a lot of company stock to vest.

Here’s how it COULD happen…

planned addition…

  • $20k cash
  • $870k stocks + $50k = $920k
  • $35k bonds + $10k = $40k
  • $638k – IRA/401k + 4k +19.5k = $661
  • $152k – Roth + $60k = $212k
  • $445k – home equity
  • $293 – 529
    ================

    $2.59M
    +
    3% growth average
    = 2.65M

Well… that’s not $3M. Probably not going to get to $3M next year. Even average 10% growth would be “just” $2.8M.

So… never mind that $3M goal. I’m going to make goal for 2022 $2.75M net worth.

I’m probably going to change jobs next year anyway so who knows how much we’ll really be able to add. There are a lot of house projects we need to take on as well. AND my sister is getting married. I have another wedding to go to, a bit of travel back and forth across the country to help my mom prepare her house for sale, and a few late gifts I need to send out for weddings I didn’t attend this year.

$3M is a major stretch goal for next year. But you guys know me and how much I like my stretch goals! They keep me motivated anyway. And I’m going to try to stop spending so much on take out in 2022!

Our Path to 3 Million Dollars

The lack of sleep has been getting to me and my sanity, but I need to keep my head in the game and focus on the prize. While the FIRE goal remains $5M, I have accepted that once we hit $3M I can start slowing down — a bit — as at that point we’d be basically Coast FIRE and not need to save more en route to the $5M (and we’d probably still end up saving a bit.) Since this year has been quite interesting in terms of net worth growth, I want to lay out the path to $3M and how long it will take to get there…

Current: $2.25M

Cash: $35k
Stocks: $874k
Bonds: $26k
Retirement: $763k
529: $287k
Home Equity: $264k

Goal: $3M (+$750k) 

Cash: $60k (+$25k)
Stocks: $1.3M (+$430k)
Bonds: $30k (+4k)
Retirement: $1M (+$237k)
529: $326k (+$39k)
Home Equity: $294k (+$30k)

Growth Only (2 Years)

Cash: $35k of $60k goal
Stocks: $963k of $1.3M goal
Bonds: $30k of $30k goal
Retirement: $841k of $1M goal
529: $316k of $320k goal
Home Equity: N/A (+$30k Principal Payment)

Need Additional in 2 Years (Approx)

Cash: $25k
Stocks: $337k
Bonds: $0
Retirement: $159k
529: $4k
Home Equity: $30k

TOTAL SAVINGS REQUIRED: $555k

… Path to $555k Savings…

Sept – Dec 2021 (+$125k, remaining need $430k… still a lot!!)

Cash: +$25k
Stocks: +$55k
Bonds: +$0k
Retirement: +$19.5k
529: +$20k
Home Equity: +$6k

Jan – Mar 2022 (+$100k, need $330k to goal)

Cash: +$0k
Stocks: +$16k
Bonds: +$0k
Retirement: +$78k
529: +$0k
Home Equity: +$6k

TOTAL VALUE / GOAL APRIL 1 2022

Cash: $60k of $60k goal
Stocks: $1M of $1.3M goal
Bonds: $30k of $30k goal
Retirement: $939k of $1M goal
529: $326k of $326k goal
Home Equity: $276k of $326k goal

Or something like that…

Getting us to ~$2.6M net worth by April 1, 2022.

Still a long ways a way from $3M, but progress in the right direction. And that’s only 7 months away for a net worth increase of ~$350k.

So I guess the $3M goal will have to come next. Step one is to get to $2.6M. After hitting this target then the next major goal will be $3M. I do think hitting $3M will be significant. I guess that’s because in 10 years if we don’t touch that money and don’t save a dime more it will be worth close to $5M. Now, I should probably remove the home equity from the equation entirely, but I’m keeping it for now because it’s a significant part of our net worth and I still dream of selling our home and moving somewhere affordable where we can FIRE and live a good life and have time to travel and see my kids and stuff. So it’s included for now.

Excited to see what will happen in the next 7 months. Of course, the stock market can fall fast and hard and given how heavily we are invested in the markets we can hit $1.5M or worse in 7 months.

Will keep tracking here to see how close we can get to the $3M by April 1… which, incidentally, is when I want to look for a new job!

 

2021 Net Worth Goals Update

A month ago I posted my 2021 net worth goals. Checking in to see how things are going…

  • Retirement: $614,629 ($521.5k then)
    • Current: $715k (cool, already beating my goal, guess I should raise it!)
  • Taxable Investment: $822.5k ($804.5k then)
    • Current: $856k (also hit goal already nice, need new goal)
  • Emergency Fund: $60k ($60k then)
    • $62k (still good)
  • IVF Fund: $65k ($65k then)
    • ok this is $0 because I didn’t want it sitting and I moved it to my investments. But I can sell some investments when/if we decide to do IVF.  Going to remove this goal.
  • 2 Yr old 529: $196k ($91.6k then)
    • $105k (need $91k more but might reduce this goal)
  • 0 Yr old 529: $151k ($41.3k then)
    • $73k (need $78k more but might reduce this goal)
  • -3 Yr old 529: $63.7k ($63.7k then)
    • $65k (good)

New 2021 Goals…

GOAL Apr May Jun Jul Aug Sep Oct Nov Dec REM
Retirement $800.0 $521.5 $715.0 $85.0
Taxable $900.0 $804.5 $856.0 $44.0
Cash $0.1 $0.1 $0.1 $0.0
529 A $150.0 $91.6 $105.0 $45.0
529 B $150.0 $41.3 $73.0 $77.0
529 C $65.0 $63.7 $65.0 $0.0
Home Equity $270.0 $250.0 $257.0 $13.0
savings needed:
$264.0

Will check in again each month to see how I’m progressing towards these new goals!

2021 Networth Goals

This year will be challenging, especially when it comes to keeping my job through Jan 1. My goals below are listed here to inspire me to get through the hard days and work to what is a realistic networth breakdown at the end of 2021. I will change jobs in 2022, possibly change fields entirely. But this year, I need to hit these goals. Do you think we can do it? Including total family goals. It’s only 9 months…

  • Retirement: $614,629 ($521.5k now)
  • Taxable Investment: $822.5k ($804.5k now)
  • Emergency Fund: $60k ($60k now)
  • IVF Fund: $65k ($65k now)
  • 2 Yr old 529: $196k ($91.6k now)
  • 0 Yr old 529: $151k ($41.3k now)
  • -3 Yr old 529: $63.7k ($63.7k now)

Total 9 Mo Gains (*not including home value and equity) = $326k

I’ll be tracking to this over the coming months. By the end of 2021, I want us to have $2M total in investments and cash, not counting our home mortgage or equity.

2021 Net Worth Goals by Bucket ($2.5M Total)

Next year COULD be a really big year for us. I’m estimating we can take our net worth from $2.2M to $2.75M by the end of the year. I would love to see us go to $3M, but I think $2.5M-$3M is within striking distance if I keep my job until Jan 1, 2022.

If you haven’t been following — the majority of this expected growth is from company stock which has increased a lot since I started the job. I am in my final year of vesting and each quarter I should get a chunk of change (and then some) which is the only reason I’m able to save so much next year. If I lose my job all bets are off. I’m trying really really hard to not lose my job.

These net worth goals are now family net worth goals. I continue to track my “own” net worth for comparison to my numbers since I started blogging in 2006, but the numbers presented here are family net worth numbers. When I refer to my “own” numbers I consider cash in my personal checking account, my IRA/401k, the full value of 529 (since I fund this directly), and half of the value of home on sale (even though I pay a larger percentage of the mortgage.)

I’ll be blogging my $500k-$1M net worth growth over the next year, so if you’re interested in seeing if we can hit these goals follow me at @everycentcounts on Twitter.

Numbers Below = [2020][2021]

  • Emergency Fund (Cash) [$65k][$72k]
  • FIRE Bucket 1 (2030) [$1.1M][$1.4M]
  • FIRE Bucket 2 (2050) [$428k][$746k]
  • 529 (2-3 Kids) [$99k][$249k]
  • Home Value (On Sale*) [$493k][$505k]

Total Networth (Pre Tax):

  • 2020: $2.2M ($4.4M age of use value**)
  • 2021: $2.7M ($5.2M age of use value)

* house value on sale = value of house – 10% of house value (realtor and fixing up fees) – what is owed to bank – any taxes owed (actual cash in hand estimate after sale)
**age of use value = I focus on “age of use value” in my net worth calculations, which is the value of each bucket * 5% YoY interest growth for my interest-earnings accounts and 3% for home value, for expected length of ownership. Ie the 529 accounts are considered 17 yr average investments (and each year that goes down a year.)

What Comes Next? Vesting and Career Investing

It’s funny. I filled out my performance review this year and in tabulating all of my contributions since last January, including ones that arguably delivered (significant) quantifiable ROI, I feel jolted into a sense of satisfaction meets unease—pride paired perfectly with the PTSD of being constantly reminded by my boss that I am not a leader, that I’m bad at running meetings, and that people generally don’t like me.

The reality is we are both right. I have a long way to go to be able to take the quality of my work and have a presence to match. And maybe I made a bunch of poor strategic choices this past year, but it’s hard to say when the only objectives my boss set for me was to hit deadlines (I was doing ok at this until one big project slipped) and make people like me (well, I don’t think I made major inroads in becoming queen popular this year while holed up inside my bedroom working in my PJs—though non interaction seemed to solve for this over a chunk of the year when people probably forgot I existed until I put out some decent work.

My issue 100% is consistency—which in a creative role is a massive challenge for me. The end product is usually good but the path to get there never clear. When I’m off on my own doing creative work and/or managing an agency I can GSD effectively. But throw in the kitchen sink of stakeholders / opinions, especially in an environment where I’m told my opinion doesn’t actually hold the same weight as everyone else’s, and I can’t seem to move things forward as I should. If I was just a project manager, I could do it. But as project manager and creator I find myself so often stuck. I know better than to stay stuck, and if anything it is best to just push forward and put out something vs drown in the sea of trying to make everyone happy and making no one happy.

But to be fair to myself, I was also put in a hard to win situation. My boss wanted me to lead, but her idea of leadership is somewhat incompatible with the processes designed to be collaborative. She made comments on how I brought too many people into the process (probably true) and yet in the end this collaboration was actually one of the most positive feedback notes received during the review of what went well and what didn’t.

What didn’t go well is not knowing how to guide people to my strategic vision and instead trying to execute on “theirs,” however conflicting it all was. My boss was not involved much—she just wants the person in this specific role to lead and figure out what to do and get buy in, but she has little interest in participating in determine what any of that is. She wants someone who will list be excellent. Trusted. Smart. Influential. Charismatic. Assertive.

She, apparently, wants my coworker. I mean, to do this. She put him into my temporary role and moved me out of it without clear communication to either of us. As she was, it seems, prodding him to step up and lead and equipping him with a career path to taking over my role, she was quietly plotting to move me out of it. I’ll never know if I still have a job because I am pregnant or if the leadership team actually sees value in me and wants me to stay (perhaps a little of both) but I’ve been put into a role where success is even more unlikely given again I have no control over the work I’m doing, only put in a position where I’m expected to both drive projects forward and make everyone happy.

I’ll do my best.

What is most challenging right now is that I’m being tasked to come up with a strategic plan for next year, yet I can’t move forward with this until other planning I am not involved in is done, yet I go out on maternity leave in less than two months and there isn’t much time remaining to move forward on a plan let alone create a plan. I take one step forward and two or twenty back. If I don’t plan, I am told I am not making enough progress. When I try to move things forward, I’m told I’m moving too fast and I need to wait. Somehow, no matter what I do, my former boss (now boss’s boss) seems to find fault with it. Luckily I have a few projects to take me through mat leave, and I’m hopeful they won’t ask me to leave between now and then with so much that needs to be wrapped up. But upon my return from baby 2 this spring, I acknowledge my days are numbered. The question is how long can I produce good enough work assigned to me and never miss a deadline so their argument to throw me out becomes one of documenting every last word choice made in emails and meetings and not one of failed project delivery. That won’t save me forever, but it’s possible with the right focus I can make it to the end of next year. I really hope I can.

But I also realize that there is no where to to here but down. I’m seen as a mediocre performer at best, saved by occasional delivery of projects that make my team look good. I want a job where people respect me for my strategy and results, not random output that has no greater value. So maybe I can find that next. This job, despite its ups and downs, has truly been life changing for me. Financially, I will be walking away from a few years of stock appreciation mostly sold and now safely in my bank account and diversified across index funds (and a new house.) While I’m sure had I been an A+ player I’d have even greater wealth due to rates and large stock refreshers I did not get, it all works out in the end as there are no golden handcuffs after next year, and it’s much easier to seek out a new role with a comparable package since this company has made it clear they don’t care if I stay (and clearly prefer that I don’t.) But I also take with me a solid chunk of time at a respected company that is not a startup no one has heard of. And while my role may be shrinking into oblivion, my resume has grown enough to at least land me interviews (or I assume it would) vs what life looked like job hunting prior to this role. This is not to say I’ll easily get hired anywhere, but I do think I have a shot at being high on the list of who to call when I submit my applications.

The real question is — how do I make it through next year? The amount of money on the table is non trivial and losing any of it would feel like taking a winning lottery ticket and dropping it onto subway tracks with a train coming at full speed, instantaneously blowing it away as if it never existed. So. I have my personal marching orders. Survival. Survival in the hard months upon returning from maternity leave when sleep is practically non existent. If I am able to continue to WFH due to covid this may help—but it also may prove challenging as partially the return to an office last time enabled a mental split from mom life to work life, and my occasional naps in the breastfeeding room out of sheer exhaustion were not interrupted by a toddler screaming out the alphabet for the nine thousandth time in a row. So this will be interesting, to say the least. An interesting year of being good enough that they won’t fire me. Or at least that they will wait until performance reviews next year to do so, giving me a few months of safety upon my return to work. It’s all possible. I think I can deliver on what is expected as long as I do not over commit and I hide as much as possible. I say little, in meetings or otherwise. My only objective is driving positive sentiment about interactions with me. Everyone should say how easy I was to work with, how they felt heard in meetings, and how I helped them deliver on their vision. If I can do this, barring any major unexpected layoffs, I should be safe. Unless I’m already on the chopping block.

But I don’t think I am. It would be in poor taste (and with questionable legal standing) to fire me a few weeks out from maternity leave with the delivery of a number of successful projects in the recent past. It would be equally questionable for them, within 3-6 months of returning from maternity leave to fire a woman who is performing at least at moderate levels. I never try to contribute anything less than exceptional work, but the reality is after you have a baby (and I hear after you have a second one) sleep is non existent and it’s hard to perform at the same level for a little while, until baby starts to sleep through the night and isn’t waking you up to nurse every few hours.

So on one hand, I feel good about where I am. Two months out from maternity leave, if that, with a clear line of sight to half of the remaining vesting periods. I can’t (and wouldn’t) slack off at this point, but I it feels very possible to make it through that, in the least. Then, I have my 6-12 months of holding on for dear life. And figuring out what’s next. I’d love for my company to acknowledge my contributions and fight for me to stay, but that clearly isn’t going to happen. I’ll be lucky if I see any sort of raise this year (I received a <2% COL adjustment last year with a tiny stock refresh valued under 10k a year compared to my initial grant of 50k+ a year) so I’m clearly in the bucket of employees who are good enough to stay but not good enough to fight to keep.

Would I feel blissful if my company suddenly gave me a massive stock refresh this year as thanks for what I’ve contributed? Sure. That would be nice. It’s not happening. I probably am making more than my new boss right now with my total package, at least should I ever get a refresh bringing me back to where I started. It’s not happening. I don’t even have a title right now. They put someone into my role and moved me into a new role and didn’t have the respect to clarify what my new title is, or to even make it clear that my colleague is stepping into the role I was performing (outside of just organically allowing it to happen.) The whole situation is just unprofessional and unsettling, but who am I to complain when I’m looking at my stock vesting account and see the amount I may receive next year? I really can’t complain. I’m so grateful. And I want to stay and stay not just because HR is saying something about keeping me until legally I’m no longer protected, but because I actually am doing good work. If I am going to leave in early 2022, which is the plan, I want to leave on a very high note.

While it seems like a very long time between now and March 2022, it really isn’t. Especially not in returning to the first year of motherhood. It will feel long and yet also fly by in a blur. I need to have a plan for what’s next since I’m the breadwinner and carry the insurance. I can’t just take time off. I’ll have to be on the top of my game when kiddo #2 turns 1.

Every last ounce of me is determined to make it happen. I am not going to be a superstar or anything close to it, but I’m going to make it through to the day I receive all the stock offered when I joined. And I’m going to surprise no one when I put in my notice, but I’m going to do so after a long period of consistent, high-quality work and everyone feeling good about whatever it is I’ve done, so in the years to come people will remember the positive about my contributions and maybe forget about how socially awkward I am and horrible at communicating. I’ll say as little as possible and hope that gets me across the finish line.

My Three Year Plan: $2.5M Net Worth, IVF, and Baby #3.

The only reason I’ve achieved what I’ve achieved thus far in life is, quite frankly, this blog. Well, the fact that this blog has, since I was 22, force me to plan my life in tiny increments and seemingly impossible goals that I’ve managed to reach time and again. Despite a ridiculous amount of setbacks caused by my mental health issues, here I am, just short of the goal of hitting $2M in networth (including husband’s savings) by 37, and before having baby #2.

But as my 30s come to a close, I have a few major goals to accomplish that are definitely not givens. While my husband and I lightly talked about having a third child should we have two sons first, this week my doctor completely ruined my “sex surprise” by blurting out the sex at my appointment. So it’s a boy. And I’m happy, I really am, and I just want my son to be healthy and yada yada. I know after my first childbirth with my first son ending up in the NICU, just having a smooth birth where baby comes out breathing is a big win. I’ll take that for sure.

Yet like many woman, I long for a daughter. I know it’s a silly thing–people aren’t defined by their genitals. I could have a daughter who decides she is more manly than my boys. Still… I know I’m not the only woman who wants to have a girl. I also know if I don’t at least try (as in use medical intervention to skew the odds in my favor) I’ll regret it. I also will feel that after two kids if it doesn’t work out, I will be sad but accept it. And if I can, in my ripe old birthing age of then 39, make magic happen–I’ll be quite happy.

So, without further ado, here are my goal for the next three years. Keep checking back here as I update with posts on if I’ve achieved any of these goals…

(All goals based on December EOM of the following years)

2020 (Age 37)

  • $2M in total family net worth
  • Own a home and live in it
  • Pregnant with baby #2
  • Keep job through maternity leave start (start in Jan 2021)
  • Don’t get COVID.

2021 (Age 38)

  • $2.5M in total family net worth (including home equity after potential commissions)
  • Live in home and enjoy it (meet the neighbors)
  • Pregnant with baby #2 (give birth in Jan)
  • Keep job through maternity leave (start maternity leave in January)
  • Remodel bathroom, fix electric, add HVAC/AC, epoxy garage floors, don’t let all plants and grass die around house)
  • Use 1 month of mat leave later in year to go back to my childhood home and visit family, help mother clean out house and prepare for sale 🙁
  • Go back to work in May/June, remain gainfully employed (and do a good job) through end of year. Complete vesting of first stock grant.

2022 (Age 39)

  • $2.75M in total family net worth (including home equity after potential commissions)
  • Begin IVF for baby #3 in March 2022 (or sooner, if weaning prior to 2 years of age); g-d willing, pregnant by September (expect to spend 100k on IVF with PGS but hoping to find a job that covers some of this cost)
  • New job by July 1, 2022 (ideally April 1, 2022) closer to my home

2023 (Age 40!!!!?!!!)

  • Survive and not freak out about being 40.
  • $3M!!!?! in total family net worth (including home equity after potential commissions)
  • Give birth to baby #3?!?!
  • Employed at a job I like, that I’m actually good at.

Hmm. I wonder if any of the above goals are possible. The 2M by end of this year is reasonable as the long as the stock market doesn’t totally tank. And I should defiantly be having a baby this January (and hopefully a healthy baby.) Everything else is very TBD.

But these are my goals. I think if I can reach 3M by 40 that would be pretty insane. That’s definitely a stretch goal, even with my husband’s savings added in. But go big or go home, right?

And… I am so scared about doing IVF to try to have my third child, a girl, at 39. I just can’t not try. And I’ve always wanted three kids. I just Never pictured myself pregnant at 40! Gosh, how did I get this old?

6 Year Plan for 20% of Networth in Home Equity

Even though it seems impossible, my goal is to keep my family networth with 20% of total AFTER TAX networth in home equity. This means I need to carefully stick to contributions and growth in my other funds (after tax values) to hit my savings goals (my goal is $5M of after tax networth by 50.) This assumes an increase of 5% in home value per year for next 6 years. This does not make any assumptions for stock gains, it just notes how much I would need to have in each bucket to keep the target asset allocation.

The first chart before is of my after tax goals for the next 6 years. Below this chart are my current actuals (and gaps that need to be fixed by end of 2020.)

The below notes that in order to be on track for 2021, I need the following adjustments/additions:

  • $35k more saved (allocated based on goals)
  • US bond fund and developed market fund need more investment

*note, this does not include emergency fund cash or expenses

1 2 3 4 5 6
37 38 39 40 41 42
2021 2022 2023 2024 2025 2026
Target Post Tax
Home Equity 20% $254,160 $303,036 $355,356 $411,292 $471,024 $534,743
Company Stock 10% $127,080 $151,518 $177,678 $205,646 $235,512 $267,372
Large Cap US 29% $368,532 $439,402 $515,266 $596,373 $682,985 $775,378
Small Cap US 4% $50,832 $60,607 $71,071 $82,258 $94,205 $106,949
Developed 24% $304,992 $363,643 $426,427 $493,550 $565,229 $641,692
Emerging 4% $50,832 $60,607 $71,071 $82,258 $94,205 $106,949
Bond US 6% $76,248 $90,911 $106,607 $123,387 $141,307 $160,423
Bond Int 3% $38,124 $45,455 $53,303 $61,694 $70,654 $80,212
$1,270,800 $1,515,180 $1,776,779 $2,056,458 $2,355,121 $2,673,717
Actual Post Tax
TARGET GAP TARGET V DIFF
Home Equity 20.00% $254,160 20% 0% $254,160 $0
Company Stock 12.35% $156,887 10% -2% $127,080 $29,807
Large Cap US 29.02% $368,845 29% 0% $368,532 $313
Small Cap US 4.30% $54,601 4% 0% $50,832 $3,769
Developed 21.48% $272,924 24% 3% $304,992 -$32,068
Emerging 4.96% $63,003 4% -1% $50,832 $12,171
Bond US 0.87% $11,074 6% 5% $76,248 -$65,174
Bond Int 4.22% $53,665 3% -1% $38,124 $15,541
Missing 2.80% $35,641 0 -2.80% $35,641
$1,270,800

Journey to FIRE: 2021 Networth Goals By Account Type

Quick “after tax value goals” post for Jan 1, 2022

  • Home Equity: $456k
  • Cash: $311.8k
  • Stock: $811k
  • IRA: $201.5k
  • Roth: $147.1k
  • Husband’s Retirement: $108k
  • 529 (2 kids): $138.3k

NEW TOTAL AFTER TAX NETWORTH GOAL:
$2,065,832 (age 38)

I’ll be tracking this closely as this is a significant growth in networth, as well as assuming we own a $1.6-$1.8M home… if we ever buy one.