December 9th, 2017 Net Worth: $745,338.74

Welcome to my first Net Worth update on my journey to reach FIRE. I will post these Net Worth updates periodically to show my progress throughout the months to come.

It’s almost the end of the year and I’ve essentially hit all my financial goals this year.

History throughout the years starting in 2014:

Assets:

Ally Checking: $1,724.15

Ally Savings: $30,495.55

Chase Checking: $1,500

Company 401k: $81,739.49

Company Pension: $9106.10

HSA: $2,500.23

HSA Investments: $1,078.63

Vanguard Brokerage: $3,398.52

Vanguard Roth IRA: $37,129.40

Liabilities: 

Credit Cards: -$3,333.33

Speculation:

Crypto Assets: $580,000

Total Net Worth: $745,338.74

Some Updates:

Savings: Have more than 6 months of savings readily accessible. I will transfer $5,500 into my Roth IRA on 1/1/2018.

401k: I will have maxed this out when I receive my last paycheck for the year.

Roth IRA: Already maxed out my contributions on the first day of 2017.

HSA: I will have maxed this out when I receive my last paycheck for the year.

Credit Cards: Pretty high this month as my car needed new tires which set me back $1,143.06. I also bought myself a new Lenovo X1 Carbon 5th Gen Laptop ($1,744.51) among a few other miscellaneous charges.

Crypto: It’s been a good few weeks for my altfolio. Bitcoin, Ethereum and Litecoins have reached all new highs! Tomorrow CBOE is going to start allowing derivatives trading for Bitcoin. I should probably realize some gains to lock them in before the end of the tax year. I should also probably hire an accountant since taxes for 2017 will be a bit complicated

And Here We Go…

Welcome FIRE Enthusiasts, Churners, Hodlers, Personal Finance savvy people and everyone else to my blog!

My name is Jason and I am 26 years old.  I currently work in IT at a large insurance company in a north suburb of Chicago. I’ve been working at this particular company for over 4 years now and let me say that after working in IT for the last 5 years it has definitely felt like each passing year has gone by faster than the last. When you have that kind of mentality it makes you realize how short life is and to appreciate the finer things in life. After all we have one life to live and I certainly don’t want to spend it  sitting in a shared cubicle staring at a computer screen all day until I’m old and grey!

My passion in life is Personal Finance and I enjoy all aspects of it but beyond all of that the ability to share what knowledge I have to others so that they may benefit as well. I’m shooting to hit FIRE (Financial Independence, Retire Early) by the tender age of 35 and then spend the rest of my life focusing on the things that I actually want to do (more about that later)!

This blog will focus on all aspects of my journey and any other tips or tricks that I want to discuss as well.

Thanks for reading and see you at my next blog post!

Jason