1 Million Dollars

Tuesday, April 2, 2013

Millionaire update-March

The market is being great to us right now.  We now have $14,441 in retirement funds which is an increase of $262 from last month.  That is 1.8% increase which if it was annualized would be over a 20% APY.  I have no idea why the market is doing so well but it is nice to get free money.    All we need is another $559 to have six months worth of expenses ($15,000), including COBRA set aside in retirement but we still have a ways to go before we have reached our mini-goal of $25,000.  It looks like we will be able to start saving for retirement again come September since I should be graduating by the end of the summer.  Because of that, I do expect to surpass the $15,000 by the end of the year but it is unlikely that I will reach $25,000 unless something crazy happens. 

We are still using the Fidelity cash back credit card (https://www.fidelity.com/cash-management/american-express-cards) to save for retirement and unless something changes we don't plan to stop using it.  I believe that I will have another $50 to deposit from it next month because of the cost of daycare, however, depending on when we pay, we may have the $50 by the end of this month.

Because of daycare and class expenses we are about $1000 in negative cash flow per month so until that changes, there will be no investing in the market.

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