Sep 3, 2010

September Networth: $77,434

Will I or won't I hit my goal this year of a $100k networth? It's possible. I'm at around $77.4k right now.

I need to be extremely frugal over the next four months to hit my goal.

As far as income goes, I'm expecting:

Potential September Income

Project A: $10000 pre-tax this month
Project B: owed $1600 + potential income of $3200 (pre-tax)
Project C: owed $300 (pre-tax)

Total: $14000 pre-tax... ~$9000 after tax.

I'll prob spend $2000 this month on rent, food, insurance, gas, health, etc.

So if I can do +$7000 this month I'll be at $84k.

That leaves $16k that I need to make in 3 months between Oct & Dec, or $5.3k per month after tax.

It's possible for Project #C I will start a $5k-$10k per month contract for 1 month. That would help a lot! Project B will likely pay around $3200 pre-tax for part-time, though it's not guaranteed. Project A is likely ending this month.

I plan to donate 10% of any income above $100k that I earn and 15% of all income above $120k, if I happen to earn that much, 25% of all income over $150k. It's not much, but I like the idea of donating a portion of income I earn over $100k.


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