By The Numbers
Comparison By Age
($76,000)
$17,780,000
Comparison By Occupation
$79,422
$5,510,000
Comparison By Education
($62,200)
$9,002,000
Comparison By Salary
($76,000)
$9,002,000

JC's Profile

Date Joined
10/4/2016
Salary Range
100,000 - 149,999
Occupation
Government
Age Range
40-44
About Me
Cop with 20 years of service. Married. Both savers and investors from the start. Promised wife that she could retire after 20 years of work in corporate. She quit work on her 41st birthday, a year ahead of schedule. Having put in 20 years, I too can leave my job any time I want to from here on.
Why I Joined
To track my progress. I love looking at numbers, especially when they go up. I view it like a video game.
Best Financial Decision
Marrying a smart, frugal wife; Living on 1 income; purchasing rental property after the last crash; maxing out my 457/401k for the last 16 years out of a total of 20 years; starting 457k at 20% from the start of my career; never expanded our lifestyle to fit our (mainly her) increasing incomes.
Worst Financial Decision
Liking new cars. Now, buying CPO cars instead of new, but we like nicer cars now. So, only a slight move up in price. A slightly used Mercedes is still more expensive than a new Honda Accord.
Current Investing Strategy
We're living on my income alone. So, we need to keep being frugal. Keep saving and investing, though not as much since we're now a single income family. Looking at options other than real estate, such as investing in friends' businesses. Try to max out my 457k and 401K in order to lower taxes. What's left of my paycheck won't really cover our expenses, but we're going to use some of our savings, especially since we're selling our rental properties now. Try to stay an extra 5 years on the job to make sure my pension will last well after retirement. Still keeping an eye out on the real estate market, in case a great deal comes along. Goal is more passive investing as I get older.
How do you manage your finances?
I just try to save/invest as much as I can from my paycheck and let the wife handle what's left of it (not much. $500 last paycheck, as we're coming to the end of the year and I've ramped up the contribution rate).
What tools do you use?
Calculator, notebook.
Favorite Authors
Suze Orman; Warren Buffett; Bruce Lee;
Favorite Books
Rich dad, poor dad was the book that started me on the journey; Millionaire next door;
Favorite Movies
Lord of the ring, braveheart, saving private Ryan
Last Login
11/6/2017
Net Worth Entries
2017 - November $6,153,776 $790,000 $5,363,776
2017 - October $6,062,876 $790,000 $5,272,876
2017 - September $6,426,026 $1,260,000 $5,166,026
2017 - June $6,208,367 $1,261,000 $4,947,367
2017 - May $5,983,742 $1,262,000 $4,721,742
2017 - January $5,578,535 $1,269,500 $4,309,035
2016 - June $5,295,000 $1,200,000 $4,095,000
2015 - March $4,615,000 $1,290,000 $3,325,000
2014 - October $5,223,000 $1,790,000 $3,433,000
2014 - February $3,895,000 $1,150,000 $2,745,000
2013 - December $3,612,000 $1,150,000 $2,462,000
2013 - September $2,807,000 $700,000 $2,107,000
2012 - December $2,159,000 $700,000 $1,459,000
2012 - November $2,159,000 $950,000 $1,209,000
2011 - December $1,256,000 $650,000 $606,000
2011 - May $978,000 $450,000 $528,000
2010 - September $888,000 $450,000 $438,000
2009 - September $836,000 $450,000 $386,000
2009 - June $835,000 $450,000 $385,000
2008 - June $892,000 $450,000 $442,000
2007 - June $771,000 $300,000 $471,000
2006 - June $593,000 $300,000 $293,000
2004 - June $551,000 $300,000 $251,000
2003 - June $152,000 $60,000 $92,000