Comments on: Net Worth Update: $443,799.65 [Up $10k]

By: J. Money

J. Money — Tue, 18 Mar 2014 20:19:21 +0000

In reply to @WilliamLipovsky, First Quarter Finance.

Haha… I am too – which makes it hard to fathom that I’d not participate this year! :)

By: @WilliamLipovsky, First Quarter Finance

@WilliamLipovsky, First Quarter Finance — Sun, 16 Mar 2014 23:11:12 +0000

I love the Roth IRA and always max mine to the full $5500. But if I needed the cash cushion instead, I would hold off on investing this year. In the next year, I would make it a goal to fulfill my 2014 contribution as well as 2015.

I’m such a Roth IRA fan boy!

By: J. Money

J. Money — Sat, 08 Mar 2014 03:14:07 +0000

In reply to jane savers @ solving the money puzzle. Possibly :( There are a lot of variables that go into this stuff though too. Like occupation, where you live, etc etc... You seem to be doing damn good though with what life has brought you! Keep going, friend!

By: jane savers @ solving the money puzzle

jane savers @ solving the money puzzle — Sat, 08 Mar 2014 03:03:50 +0000

In reply to J. Money. My lack of financial success has more to do with the fact that I am in my late 40s and had to restart my life after a divorce. Going back to school while raising children and working for a low wage left me with debt. I live a very frugal life and I don't spend much on anything but my income is not high either. I take home $1,350 every 2 weeks and own my own and have helped my sons with their post secondary educations. I am convinced that it is harder to make it as a single person.

By: J. Money

J. Money — Sat, 08 Mar 2014 02:20:53 +0000

In reply to Pengepugeren.

1) I’m self-employed and the only income maker of our household (aka very unstable and need tons of cash as back up)

2) I like having tons of investments working on our behalf while I do nothing :)

3) We don’t live in the house anymore (it’s now a rental) so it’s not as exciting to have it paid off. More like a business now which we don’t want our cash tied up in.

By: J. Money

J. Money — Sat, 08 Mar 2014 02:18:46 +0000

In reply to Mr Ikonz @ Project Ikonz.

Haha, at least you’re aware of your risk tolerance :)

Just added your net worth & link to my Net Worth Tracker over at Rockstar Finance – check it out! http://rockstarfinance.com/blogger-net-worths/

By: J. Money

J. Money — Sat, 08 Mar 2014 02:14:25 +0000

In reply to Dividend Growth Investor.

You dirty bastard :)

Answer to SEP ira vs SOLO – My accountant told me to :) I probably should have researched it more, but everything she said seemed to make the most sense at the time so I just ran with it… I’ll ask her in more detail this month when we wrap up taxes here in a bit. I’m kinda wondering too!

By: Free Money Minute

Free Money Minute — Fri, 07 Mar 2014 13:58:22 +0000

In reply to J. Money. You could have stopped after point number one, but I appreciate the additional insight. ;-)

By: Mr Ikonz @ Project Ikonz

Mr Ikonz @ Project Ikonz — Fri, 07 Mar 2014 10:38:24 +0000

In reply to J. Money.

I’m a whopping $200k behind you, but m always up for a challenge.

If you have time, check out my net worth udate on my blog.
I’m a very aggressive investor, so I will either catch up or blow myself up!

By: Dividend Growth Investor

Dividend Growth Investor — Thu, 06 Mar 2014 18:13:01 +0000

In reply to J. Money.

Nice work there J Money. I was just curious, why SEP IRA and not Solo 401K?

Take care!

Dividend Growth Investor

PS I maxed my SEP for 2013, but I also have a 401K at my day gig ;-)