Beginning Financial Stats

Updated: Feb 23

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.


Assets

  • Checking Account: $5,078.88

  • High-yield Savings Account: $21,514.12

  • Roth IRA: $17,002.24

  • 401k: $10,384.36


Liabilities

  • Loans: $7,737.56

YNAB Net Worth Report

Pre-Tax Monthly Income

  • $12,500


Take-Home Pay (Monthly)

  • $6,916.04

  • Taxes: ($3,532.69)

  • Benefits: ($301.30)

  • 401(k): ($1,750.00)


Other Income Sources

  • Annual bonus: ~$40,000 pre-tax in a "typical" year

  • Credit card rewards: ~$75/mo

  • Poshmark: ~$25/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.



Savings Rate 12/21-2/22

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.

  • CoastFIRE: $325,000

  • LeanFIRE: $900,000

  • FIRE: $2,050,000

  • FatFIRE: $3,750,000

Hi, I'm Brigid Friedman

A young lawyer's honest journey to (hopefully) financial independence.

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