May Net Worth Update

We’re well into June now, and the end of school is almost here. Our school year ends Wednesday, and then we’ll be spending entire days packing and getting ready for our big move to North Carolina. The weather in New Hampshire has been beautiful–cool mornings and warm days, with lots of sunshine. This time of year always has the power to hypnotize you with its beauty and leave you wondering why you were ever complaining about the weather.

May Net Worth Update www.thethreeyearexperiment.com

On the home front, I’ve been finishing school work, packing, and doing graduate work (I have three courses more in my master’s program and I’m taking one in June and July). I’m so frayed that I’ve let all the non-important stuff go (you know, like dishes and laundry). Our house looks like we hosted a college frat party, minus all the empty bottles. We have all these random items in our corner, waiting for a yard sale, and there’s a dresser standing on its head in our entry, waiting for its Facebook buyer to come pick it up.

Mountain of moving boxes May Net Worth Update www.thethreeyearexperiment.com
The mountain of boxes in our basement.

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Each month, I record our progress on our net worth and our spending. Last year, we increased our net worth by 32% over the year before. This year, we’re trying to increase it by more than 65% from where we started in December 2016. Given the wild ride the market’s likely to take us on this year, I’m not sure it’s doable. But we’re going to try.

May showed us more steady growth. Much of our financial progress was on autopilot last month, as we found a buyer for our house and looked for places to live in our new town. We know that our net worth will take a big dip when we sell the house, so I’m enjoying these numbers while we can.

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April Net Worth Update

Happy May! How are things going for you? We finally have no snow on the ground as of yesterday, and that is not an exaggeration. Winter definitely held on as long as it’s ever held on this year, which is my eighth winter in New Hampshire. For the past seven winters, we’ve had all snow melted by April 23rd (even if we’ve gotten a freak snow storm in May afterwards) but this year, we had snow cover for a whole extra week (lucky us!).

April Net Worth Update www.thethreeyearexperiment.com

We did get some beautiful 70-degree days at the tail end of this month, which made everything feel hopeful and Springy. Our crocuses have bloomed (all 2 of them) and our daffodils are pushing up, as well as our alliums and the dahlias. We spent this month doing a variety of activities, some of which I’ll be revealing down the road (hint hint!). It’s been a busy month. Over Spring Break, Mr. ThreeYear and I took a fun trip to Portland, Oregon, while my mom flew up from sunny South Carolina to watch the boys. She had horrible snowy, icy, weather, so we appreciate her sacrifice even more!

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Each month, I record our progress on our net worth and our spending. Last year, we increased our net worth by 32% over the year before. This year, we’re trying to increase it by more than 65% from where we started in December 2016. Given the wild ride the market’s likely to take us on this year, I’m not sure it’s doable. But we’re going to try.

Last month, even though we enjoyed more lackluster results from the stock market, we got a huge jump in net worth since Mr. ThreeYear’s annual stock gift was given out. Each December, his privately-owned company, which is 100% employee-owned, invites outside auditors to set the stock price. Given the wild surge the stock prices took in December, his company’s stock was given a much higher valuation than the year before. That meant all of the stock we currently hold in the company rose substantially, and we received more stock (valued at more money).

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January Net Worth Update

It’s time for another net worth update! Are you in the midst of winter, or is it warm and deliciously summery where you live? The ThreeYears are smack dab in the middle of the coldest and snowiest parts of winter, but we made it through January and we’re raring to go for February (Little ThreeYear can hardly wait for Valentine’s Day and all that chocolate he thinks he’ll get from his classmates!).

January Net Worth Update--www.thethreeyearexperiment.com

This is the first report from 2018, and boy is it a good one. Subsequent reports may not be as juicy, given that the stock market may have more “small or significant corrections” coming up, so I’m focusing on January while I can!

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Each month, I record our progress on our net worth and our spending (gulp!). Last year, we increased our net worth by 32% over the year before! This year, we’re trying to increase it by more than 65%! from where we started in December 2016. Given the wild ride the market’s likely to take us on this year, I’m not sure it’s doable. But we’re going to try!

We started the month of January off in warm Santiago. We took a three week trip to visit my in-laws, and had an amazing time.

La Moneda--www.thethreeyearexperiment.com
The boys had a blast during our visit to Santiago and San Pedro de Atacama in Chile, even if some of the smiles look forced!

I was very excited to see how our spending would look in January as compared to spending in 2017, given we have now eliminated the mortgage in Chile and our car payment. We’re also working to keep our food spending lower than last year.

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2017 Net Worth Update

At the beginning of 2017, our family of four started a three-year journey to double our net worth and become location independent. Doubling our net worth in just three years is our family’s big, hairy, audacious goal, and becoming location independent is a work in progress. We’ve still got to figure out where to move, what jobs we’ll have, how our kids will go to school, and lots of other decisions. We have many ideas that we’re working on, but we don’t have one clear decision made about what we’ll do at the end of 2019. But big, life-changing goals are like that sometimes. We muddle through and take each step on faith, hoping that we’ll eventually see the light at the end of the proverbial tunnel.

2017 Net Worth Update--www.thethreeyearexperiment.com

Already, we’ve seen amazing progress this year that we didn’t think we were capable of. I completed A Year of Good Habits, we paid for a new roof in cash, we saved and invested more money than we ever have, on top of that big expenditure, and thanks to a very robust stock market…. Continue reading “2017 Net Worth Update”

November Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Each month, I record our progress on our net worth and our spending (gulp!). This year has been a year of fixing our house (the roof) and paying off debt, plus saving as much as possible. As of October, we were roughly 24% of the way to doubling our net worth. 

At the ThreeYear house, we’re in the midst of colder temperatures (it’s currently 21 F/-6 C). Our Christmas decorations are up and we’re enjoying the few weeks of winter until we pack up and head to South America for a few weeks, where we’ll enjoy delicious summer weather.

November Net Worth Update--www.thethreeyearexperiment.com

It’s hard to believe that the end of the first year of our experiment is coming to a close. It’s been amazing to document this journey on the blog.

November was a month of higher expenses. We had my family in town, so we did some home improvement projects related to that. And we stocked up on food. My mom very generously donated money to our food costs, which I put into our savings account. Yay for extra savings! We started buying Christmas gifts for our family in Chile. We had a second month of high medical bills. For next year, we’ve switched our insurance from the high deductible to the higher cost, everything-is-covered policy. 2017’s experiment with the high deductible healthcare didn’t work for our family. Between physical therapy, psychologist visits, braces, and managing our sons’ ADHD, we pay a lot in medical costs. It would have been cheaper to pay the higher bi-weekly premiums and have less to pay out-of-pocket. Mr. ThreeYear will also rest easier knowing that whatever medical issues life throws at us, they’ll pretty much be covered by our healthcare plan. When he developed tennis elbow and decided not to pursue any more physical therapy because of the cost, it was a pretty frustrating situation for him to be in.

Thanksgiving turkey--www.thethreeyearexperiment.com
Our Thanksgiving turkey. My sister and I made a low-key, low fuss meal, and her turkey turned out beee-uu-ti-ful and delicious.

We know that December will also be a very high spending month, because of our Chile trip. We’ll also pay the remainder of our church tithe (which doesn’t show up in our monthly spending report, because we want to keep our giving on the downlow). We’ll pay off the Prius and the apartment in Chile, pay a little extra on our mortgage, and pay our house taxes.

We’re grateful that we only have one more month of monthly payments for our apartment in Chile and our Prius!!

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October Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Each month, I record our progress on our net worth and our spending (gulp!). This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. As of September, we were roughly 22% of the way to doubling our net worth.

October is gone! Stick season is here! Run for the hills! Oh wait, I live in the hills…

October Net Worth--www.thethreeyearexperiment.com

Soon, snow will be blanketing the ground. But for another month and a half, we’ll get to enjoy colder temperatures, overcast skies, and the bare brown silhouettes of hardwoods. Daylight Savings Time has come and gone and we wake up and come home to darkness. Luckily, the dark cocoon only lasts until December 21st. It also ushers in true colder temperatures and gets us ready for the coming winter.

What’s up with the ThreeYears? We’re looking forward to a few long weekends this month (Veterans’ Day and Thanksgiving) and the arrival of the entire extended family clan (my side) at Thanksgiving. The junior ThreeYears are enjoying school (for the most part) and I’m continuing to work a lot, as is Mr. ThreeYear. Luckily, we both have jobs that allow for work/life balance, so we’re home early every evening (I’m home at 3:30pm each day). We both remind ourselves often how grateful we are for the privilege of time.

Two weekends ago, I went on another weekend trip (that’s a record because I hardly ever travel alone) to Rhode Island to run a half marathon. I’d never been to Rhode Island and it blew my expectations out of the water (coastal state, water–get it?). I stayed with a friend at her parents’ house, and they not only housed us, but took us out to an absolutely delicious lunch at their local yacht club (locals join only in the winter when they drop the prices) and fed us home-cooked meals the rest of the time. I was floored by both their generosity and how beautiful their home town was.

Rhode Island coast--www.thethreeyearexperiment.com
Rhode Island’s coastline was rugged and rocky. It is a beautiful state!

Our spending in October was relatively low, despite some medical bills. We find that when we’re well ensconced in the school year/work routine, our spending goes down. October’s been a relatively low-spend month for the three years I’ve kept detailed records.

We’re rounding the corner on the end of the year, and thanks to the continued rise of our investments, it looks like we could be above 30% for the end of the year. Anything could happen in the last two months of the year, but for now, it looks like the markets continue to help us inch toward our goal.

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September Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Each month(ish), I’ll keep you apprised of our progress. This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. As of August, we were roughly 21% of the way to doubling our net worth.

After an unusually warm spell, we’re finally getting the insanely gorgeous leaves New England is known for. As I drive to and from work, I’m privy to the most amazing shows of reds on the trees.

September Net Worth Update---www.thethreeyearexperiment.com

We’re well into the school year. The Junior ThreeYears are adapting to their new classes and homework. I keep adding more students that I need to work with to my schedule, so I’m less and less part-time. I’ve literally used up all my hours in the school day and will now be eating lunch while working with a student. At least I’m paid hourly!

One of the highlights of the month was my first solo girls’ trip in something like ten years. I met my best college friend at my sister’s house in Charlotte and we spent the weekend perusing a local farmers’ market, checking out local dining and brunch options, and catching up. I had such a great time that I vowed to take more of these trips. The best part was, Mr. ThreeYear and the boys had a wonderful time together at home. They went to the movies, went out to lunch at their favorite Mexican restaurant, and had a great time bonding while I was away.

Girls' weekend--www.thethreeyearexperiment.com
My friend and I spent the weekend hanging out in Charlotte and surrounding areas. Here we are in Davidson, enjoying the Saturday Farmer’s Market.

We spent gobs of money in September. Our biggest purchase was our tickets to Chile. Our plan was to buy them with airline miles, but in the end, we decided against that. Mr. ThreeYear wanted to go during Christmas and New Year’s, so it would have taken an insane number of miles for each ticket (something like 120,000 each). We didn’t have enough for four tickets and we thought it made sense to save them. Our second biggest purchase was my master’s course. I have three more to go after this. And I had to pay quarterly taxes as well, although those numbers don’t show up in our spending report. Since I’m working so much this year, I’m setting aside 20% of my paychecks for taxes. I may start setting aside 25%, just to be safe. It’s hard to know exactly what I’ll owe since the amount of money I make varies so much, so it’s better to play it safe.

The stock market is still bullish, and we’ve seen our net worth rise again, despite our massive spend this month. It is nice to be earning a paycheck again, so we can reach our end-of-the-year-goals faster. I’m also so ready to be done paying off our apartment in Chile and our car that I’m wishing December was already here. Wait, didn’t I just write a post about staying in the present?

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August Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent so we can move. Each month(ish), I’ll keep you apprised of our progress. This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. As of July, we were roughly 20% of the way to doubling our net worth.

We are now in September. School has started, my work has started, and we have weathered the transition pretty well, for being a week and a half in. I’ve focused on making our morning routine for school better, and so far it’s been great. Both our boys have focus medication they take, so I’ve started giving it to them right as they wake up. Then, it has time to kick in and they can actually get their clothes on, come down to eat breakfast, and get their teeth brushed without a zillion reminders, getting distracted with Legos, or staring off into space for half an hour. Better yet, I’m not yelling at them all morning.

August Net Worth Update--www.thethreeyearexperiment.com

That may sound like crazy talk to people who don’t have kids with attention problems, but it’s our reality. I was talking to a teacher this morning, and she (who also has ADHD) said she noticed the kids in her class whose parents yelled in the morning. “Anytime I raise my voice in the slightest,” she said, “they’ll reflectively wince, like they’re hyper-attuned to yelling.” I gulped. I’ve seen my kids do that in the past. Hurts my heart that I was yelling that much. But I’m so grateful that we’ve changed things up, and they’re taking their medicine earlier. They’re able to get dressed, get their breakfast, brush their teeth, and pack their bags, with minimal reminders. And they’re so proud of themselves. With zero yells and lots of “great job this morning!” It feels so awesome. So my fingers are crossed that our mornings keep going so well.

Summer flew by. August was a relaxed month. Each kid had one week of camp, and we spent our days outside, enjoying the summer, inside, putzing around the house, and visiting friends and family. I never wanted the summer to end, but it did, and everyone has reluctantly returned to a steady routine.

Each time summer ends, I’m reminded why location independence is so appealing. While we love routines, and I think we’d enjoy a routine in a new place, having the freedom to explore, visit with family, and plan our days in the moment is a beautiful way to live. Routine weighs us down. Summer lightens us up, gives us travel wings.

Water wings--www.thethreeyearexperiment.com
Summer gives you water wings… um, I mean, travel wings.

Speaking of wings, we booked our flights to Santiago this weekend. So we’re officially booked for South America during Christmas and New Year’s. We’re debating whether to AirBnB our house while we’re gone, as a way to earn some extra spending money for the trip.

August brought us a small up-tick in our net worth. Our Personal Capital Net Worth is actually showing higher than our own Excel spreadsheet, since Zillow has decided to increase the value of our house significantly in the last few weeks. I don’t know if it’s the new roof we put on or an increase in the local market (I suspect it’s the latter) but they’ve upped the Zestimate of our house by about 5%. I’m ignoring it, though, as I only update our house and car estimates at the beginning of each year.

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July Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent so we can move. Each month(ish), I’ll keep you apprised of our progress. This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. As of June, we were roughly 18% of the way to doubling our net worth.

August has arrived. The ThreeYear family has been reunited, after the boys and I were away for the month of July in North and South Carolina. New England has a decidedly cool, rainy bent this month and, to my utter frustration (repeated every year at this time), tops of the trees are starting to change colors, and little red leaves are falling down all over my driveway. “I’m not ready for fall!” I always think, but it is coming, nevertheless.

The month of July was fantastic, in terms of deepening family relationships and making lifetime memories. It was not fantastic in terms of spending less and saving more, as I’d hoped. Our income always drops in the summers, since I’m not teaching, and while we were away, we spent a lot more than normal on eating out. Plus, we had the other half of our new roof to pay for. Still, thanks to the bull market that just won’t quit, our net worth continued northwards.

July Net Worth Update--www.thethreeyearexperiment.com

 

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June Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent so we can move abroad. Each month, I’ll keep you apprised of our progress. This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. As of April, we were roughly 16.5% of the way to doubling our net worth.

It’s now mid-summer (sigh! can summer go a bit more slowly, please?). The junior ThreeYears and I are currently on a month-long road trip in the Southeastern US, visiting family, and Mr. ThreeYear just flew back to New Hampshire, having joined us at the beach for a lovely, sun-burned week.

June Net Worth--www.thethreeyearexperiment.com

Part of Mr. ThreeYear’s plans upon return will be overseeing the replacement of our roof. Unfortunately, our thirteen-year-old roof had defective shingles, and so must be replaced. For most of April and May, we priced out having new roofs put on, having previously exhausted our options of using the warranty (it was invalid since we were the second owners of the home) and seeing what the builders of our home would do (nothing). All over our little town, homeowner after homeowner is having to replace his or her roof earlier than expected because of this particular brand of defective shingles. Our freeze/thaw climate is very hard on shingles, and this brand did not pass muster.

That “little” purchase, which we’ve been saving for all year, and will cost, all told, $14,000, was big enough that our net worth was negatively affected. While we didn’t count the money we’d saved toward the roof in our net worth calculations, we did have to take some money out of savings, which meant our number dipped down, very slightly, from the month before.

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