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Archive for June, 2021

An update - it's been a busy 2 weeks of june

June 15th, 2021 at 05:50 pm

Where should I start?  Guess with the most interesting.  DH's company turned down the buyout.  They didn't want to go back and work for a Megacorp.  I was surprised but at the same time someone pointed out they left their soul-sucking jobs to do something they believe in. They made enough money already that making more money didn't seem the point.  I can't believe it.  I'm glad because my DH is happy and still moving forward.

Spending for May

Groceries $454
Eating out $473
Alcohol $242.50
Dog $831.59
Travel $1802 (paid for August VRBO)
Utilities $752
Kids Camps/activities $1502
Business LAL $2491

It was a very spendy month. So good thing we refinanced our mortgage last week June 10th. No payment until August 2021.  We are doing pretty well though with our spending otherwise.

EF $40k
Property Taxes $8k (done for 6 months ready for 11/1 Payment and insurance in August)
Sink $5000 (haven't had to touch yet)
Roth $2000 (already saved $10k this year moved it)
Robinhood $700 (my difference in refinance and old mortgage June $700 saved!)

I believe we managed to save $2k from last month and float all the extra charges without touching our sink funds which is what was part of the budget.  My goal is to pay our insurance without really touching the sink funds or property taxes in August (home $1200, auto $1000, umbrella $300) and then also still continue to save $700 7/1 and 8/1 and 9/1. I invested the $700 in small cap ETF Vanguard IWOO

Our networth was up in May by $3886/month.  The markets were down.  But we are up for the year $293469.  Also I did not move the needle on the value of our house.  It appraised by the bank lower for sure than what we could get and a lot higher than what we paid.  



Crossroads - choices

June 9th, 2021 at 05:06 pm

We are at a crossroads.  Unfortunately we are not able to control our crossroads.  What does that mean?  Well DH has been at a startup as you know.  We took a risk and it's paid off.  There is a serious offer on the table and it means quite a bit of money.  Life changing?  Yes.  We would have hit our FIRE number.  We would be completely able to Fat FIRE.  Combined with our current savings and we are looking at a 2x FIRE number.  DH would not RE because he doesn't want to.

But why the crossroads?  Because he doesn't want the offer.  He likes what he's doing and he wants to continue and maybe make more money.  He wants the risk.  He loves the job. But it's not up to him.  It's up to the group in the whole.  So it's not a one person decision.  The greater good.  I'm not sure how it's going to play out.

There are 8 guys.  I can see how difficult it will be since some will want to continue and others will want to take the security and guarantee.  There are few guarantees in life.  To know that we are financially secure is comforting.  But at the same time we didn't just sign on for this.  We signed on for the chance to do something big.  I don't know what will happen. I guess we'll know in a week or maybe even tonight.  

Fingers crossed.  Who knows what will happen.