Interest Snowball ← Net Worth $nowball

$500,000+ Half-Millionaire Net Worth Milestone 2

Jul

6

2016

$500k! That elusive half-millionaire status is achieved! I targeted crossing this milestone in my 20’s but didn’t surpass the threshold until this week. Regardless, I’m pretty proud of being a half-millionaire at 30 years of age. As encouragement to others, I have never exceeded the six figure salary threshold with my yearly engineering wages ranging ...

A Toast to Being Vested 3

Jun

4

2013

I made over $12,000 yesterday. No, I’m not a ridiculously compensated CEO or pro athlete. My stock portfolio didn’t reverse the course of the Dow Jones drop and skyrocket up 5% in spite of the market’s retreat, nor did I select a penny stock that quadrupled overnight. It didn’t even involve any illegal or illicit ...

$300k Net Worth Milestone 8

May

8

2013

Thanks to the stock market’s continued upward trajectory, I eclipsed the elusive $300,000 net worth mark today! I am proud of this achievement at age 27 with less than five years in the working world with my “career” job. My favorite fact about this is that my gross earnings have only been in the ...

Income vs. Expenses Showdown- 2012 Against 2011 2

Feb

15

2013

Okay, it’s time for the tale of the tape. To hold myself accountable and chart my frugality and savings progress I track my income and expenses monthly and have done so since the beginning of 2011. I do this with the assistance of Mint, which is a wonderful free resource able to consolidate accounts and ...

Snowball Effect- The Wonder of Compound Interest

Feb

11

2013

Compound interest is such an impressive phenomenon that Albert Einstein is believed to have named it the eighth wonder of the world. I recall an occasion that really cemented the power of compound interest while I was a kid. My dad posed a riddle when I was 8 years old giving me two hypothetical offers: ...