Beginning Financial Stats
Updated: Feb 23, 2022
The most awkward and most important part. Where do I stand financially? To protect my privacy, I'll make some minor changes to information that could reveal my identity.
Yes -- I know -- I have a long way to go to get to financial independence.
Checking Account: $5,078.88
High-yield Savings Account: $21,514.12
Roth IRA: $17,002.24
Pre-Tax Monthly Income
Take-Home Pay (Monthly)
Other Income Sources
Annual bonus: ~$40,000 pre-tax in a "typical" year
Credit card rewards: ~$75/mo
Class action settlements: ~$5/mo
My FIRE Number(s)
I calculated my FIRE number by looking at my current annual expenses and multiplying by 25. At the moment, including moving expenses, my dog's physical therapy, the lavish vacation I just took, and new furniture, my monthly expenses come out to $6,800. I'm actually horrified writing this, seeing as it leaves me with only $115 a month to invest. But I'm committed to being totally honest and transparent here, even when it means revealing some of my embarrassing spending patterns.
Since that number feels totally overwhelming, I've come up with a few smaller (and larger) benchmark goals that represent steps towards total financial independence.