Dear Reader, how do you feel?
Well, it has been a minute and a half over here!
Today's posting will be an update of our assets and liabilities.
Please note that again this doesn't Mr. ItF's assets, except for the co-op which we jointly own.
Without further ado, our/my assets:
And our/my liabilities:
Again, Mr. ItF's liabilities are not included, except for the co-op which we jointly own.
Let's figure out our savings rate!
Now I know you are asking, how is it possible for your savings rate to be so high?
Dear reader, please let me explain.
I place my income directly from my W-2. Although my SS wages are higher, the actual wages as reported on my W-2 are $37,102.68. This is due to the large increase in my pre-tax contributions to my 403(b), which results in a lower income (but simultaneously higher savings rate).
Furthermore - I am counting the amount I save per year in my aforementioned pre-tax contributions, but also the 5% matching and 5% bonus contributions to my 403(b) from the non-profit I work for. Therefore, even though the savings rate says 86.21%, 10% of that (well, more than 10% of that post-tax income - in fact if I were rounding up it'd be closer to 20%, it's actually roughly 17.48%) doesn't actually come from money I am saving (but from the non-profit).
Furthermore, that income I am taking from my full-time job. I do have bits and drabs of income coming in (nothing substantial) from other income sources, such as taking surveys, opening bank accounts, gambling, etc. that I haven't counted in this income. So were I to hazard a guess at my actual savings rate, I would say it's probably somewhere between 50-60%.
Hope that makes sense.
Well, it has been quite a day so this is,
Into the FIRE