November Net Worth Update

Wow! It’s almost December, which means we’ve got just one month left of this year. This year has definitely been an eventful one for our family.

November Net Worth Update www.thethreeyearexperiment.com

This month has been a good one. We’ve been surprised by how cold it’s gotten in Charlotte during the fall (it’s been in the 20s this week in the mornings, but it does warm up to the mid 50s or 60s during the day). The boys both seem to have gotten into a groove at school, I’m running now with a running group, and Mr. ThreeYear has been regularly playing tennis.

Last night, we went to our town’s downtown Christmas celebration via trolley! We parked in a parking lot at the edge of our neighborhood and the cutest little trolley picked us up. The boys actually got to ride standing up in the back of the trolley as we cruised the four miles downtown.

Once we got downtown, there were carriage rides, vendors, a Christmas tree display, bands playing, and Santa Claus. The boys and my niece, who was with us, had a blast. It made me so glad we decided to move to this town, because it’s ridiculous how festive and involved our town is. We are freakin’ Mayberry over here. I absolutely love it.

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Since we’ve achieved the latter goal, we’ll be primarily focused on the former in each of these reports going forward. 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 tried to increase it by more than 65% from where we started in December 2016. Even though it looks like we’ll miss our target by a wide margin, we’re keeping our goal in place to see how close we can get in 2019.  Continue reading “November Net Worth Update”

It’s All Relative

Yesterday I went running with a group of women from my neighborhood. We recently moved to a large neighborhood in Davidson, North Carolina, and the neighborhood we moved into, to use terminology from The Millionaire Next Door, is “income affluent.” That means that people in this neighborhood tend to have high incomes, but also spend large amounts of money so that they have a low level of net worth.

It's All Relative www.thethreeyearexperiment.com

In other words, they’re broke.

I was proud of myself–I had gotten on Facebook and posted a message to the neighborhood women’s group we have there. I found several women who were interested in starting a runner’s group, something I sorely needed since I have about motivation to run as I do to clean the toilets (read: none). But running, unlike toilet cleaning, is good for me in myriad ways, predominantly mental health-wise, so it’s helpful to have accountability partners in the journey. Continue reading “It’s All Relative”

July Net Worth Update

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I am happy. I know I’m in the honeymoon phase of our move, but I am so glad to live in North Carolina. We see my sister, brother-in-law, and niece, maybe three times a week. We spent the entire weekend with them last weekend. I know we’ll start school and get into routines and not see them as often, but my niece now thinks that when she comes to my house, she is supposed to eat marshmallows and watch Captain Underpants on my bed with her cousin.

July Net Worth Update www.thethreeyearexperiment.com

We drive through the streets of our little town and I just smile, because it’s so cute. And we picked it! We didn’t get carried by the circumstances of life to a place. We picked the place we wanted to be and moved there. It’s an incredibly freeing feeling. I am also really enjoying Mr. ThreeYear working from home. Yes, he starts early and works hard, but we get to see him more, because he finishes earlier (no commute!), eats lunch with us everyday, and pops out for coffee breaks. He’s there when service people come by the house, which is reassuring.

Financially, I am not happy, because moving has cost an arm and a leg, and we’ve spent another arm and a leg doing repairs on our new house. Carpet cleaning, painting, air conditioning repair, stocking the fridge, paying neighborhood dues, etc.

I’m trying to keep in mind that this month’s spending has been an anomaly, and because we’re not moving again for a very long time, we will not incur these expenses again for a very long time. Despite all the spending, we managed to increase our net worth. Let’s take a look.

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Since we’ve achieved the latter goal, we’ll be primarily focused on the former in each of these reports going forward. 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 our move and the market, I’m not sure it’s doable. But we’re going to try. Continue reading “July Net Worth Update”

March Net Worth Update

It’s raining right now, which is a small hint that Spring is making its way, slowly, to New England. The start of April signifies that we’ve entered the fourth month of the year and our experiment continues.

March Net Worth Update www.thethreeyearexperiment.com

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.

March is always my least-favorite month of the year. The rest of the country is enjoying the first signs of Spring, and we’re still covered under snow. This year, March lived up to the adage, and came in like a lion, with storm after storm that buffeted us with snow and left the skies gray and damp. It went out like a lamb, with a few days at the tail end full of blue skies and (slightly warmer) temps. But April has brought wind storms, more cold weather, and a reminder that here in New England, there is no such thing as Spring.

Spring New England town church www.thethreeyearexperiment.com
A view of our small New England town from the library. This is what Spring looks like.

Continue reading “March Net Worth Update”

Ladies, Time to Figure Out Your Worth #WomenRockMoney

It’s International Women’s Day. Go women!
 Women rock money—www.thethreeyearexperiment.com
Do you know why women are awesome? Well, here are a couple of facts:
  • More than half a billion women have joined the world’s labor force over the past 30 years, and women now account for more than 40 percent of workers worldwide (IMF, 2012).
  • When a mother has control over her family’s money in the world’s poorest countries, her children are 20% more likely to survive (Melinda Gates).
  • 90% of married women identified themselves as the principle household shopper in their household (Statistic Brain). #mamacontrolsthemoneyhoney
Women have come so far in the last fifty years! It is amazing. However, in the areas of financial literacy and business development, we still have a ways to go.

Continue reading “Ladies, Time to Figure Out Your Worth #WomenRockMoney”

February Net Worth Update

It looks like the stock market is giving us some buying opportunities this month. While our net worth took a dip, we hit our savings and spending goals, so I feel proud of our progress this month.

February Net Worth Update--www.thethreeyearexperiment.com

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!

February was a month of full-on winter antics in New Hampshire. Our time in Santiago, just a month before, seemed like a dream, an impossibility! Our lives were cold and snowy this month. We enjoyed a bit of skiing, one week of winter break where we all got sick several times, and of course the Winter Olympics!

Skiing--www.thethreeyearexperiment.com
The boys and I enjoyed a few outings at our local ski slope in February, but not as many as I’d hoped, because of weather and sickness.

This is the second month in our net worth and spending reports for 2018, and although the market had a small “correction” that did negatively affect our net worth, we are still making progress towards our goals.

Continue reading “February Net Worth Update”

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!!

Continue reading “November Net Worth Update”

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.

Continue reading “October Net Worth Update”

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.

Continue reading “August Net Worth Update”