Net Worth Week 49 – Stella Edition

Gentle Readers,
My new suit is still being fixed at the dry cleaner, I’ll write a post about this drawn out process soon.
I began talking to my friends about local orthodontist and invisalign costs and timelines. My crooked teeth are causing more pain and I need to use my money to lessen that.
Still couldn’t finish my taxes, because my W2 is wrong, again. This company was wrong last year, too. Same damn issue. Same nonsense of telling me that they aren’t wrong. If they don’t fix it by Monday, I’m reporting them to the IRS. Tired of their bullshit.
It was a busy week with Winter Storm Stella and my skill-building class, but I am feeling more and more confident in my abilities.
I see her in two weeks and I’m so excited!

This week’s net worth numbers

3/10/2017 3/17/2017
 Joy 1105 1105
 Travel 1 1
 Down Payment 19 19
 Retirement 21 21
 Health 45 45
 Moving 284 284
 EF 11 11
Business 1002 1002
Life 622 342
 IRA  12568  12812
 Brokerage 688  694
 Rewards Card 2 0 0
 CC (largest) -3999  -3500
 CC (longest) 0  0
 Rewards Card -1629 -1252
SL 1 -104057 -104172
 SL 2 -45831 -45883
 Earnest -5692 -5704
 Net Worth -144841 -144174
 Percentage Change -.70%  .46%

Were you impacted by Stella?

  

Net Worth Week 48 – Oral Surgery Edition

Gentle Readers,
My suit arrived and the tailored made it fit. There’s still one small snag that I’ll need to have my dry-cleaner fix, but it looks like a million bucks. I’ll write a post about this drawn out process soon.
Oral surgery happened. Then ice cream and applesauce did. This process let me know that my insurance is now only acceptable at pharmacies that my insurer runs. No longer may I utilize CVS. It is inconvenient, but my past performance on prescriptions being such a rarity for me will hopefully continue trending.
I opened a new rewards credit card and was able to use my oral surgery to hit part of the spending limit. This card is for an airline that flies often between the cities my girlfriend and I live in. For now, I’m keeping all of my other cards open, but I may re-assess my needs and potential impact on credit rating. You’ll notice the big dip in my travel and EF account, because I wanted to pay for as much of my oral surgery as possible up front.
Taxes drafted. Schedule C. (got side-lined this week)
Skill-building classes returned!
Another client hired me as I nearly completed work on a different client’s project.
I finished funding my 2016 IRA.
 I bought my first ticket to go visit her in her new city!

This week’s net worth numbers

3/3/2017 3/10/2017
 Joy 1105 1105
 Travel 324 1
 Down Payment 19 19
 Retirement 21 21
 Health 45 45
 Moving 284 284
 EF 811 11
Business 1002 1002
Life 2640 622
 IRA  12234  12568
 Brokerage 698  688
 Rewards Card 2 0 0
 CC (largest) -4260  -3999
 CC (longest) -191  0
 Rewards Card -2322 -1629
SL 1 -104201 -104057
 SL 2 -45896 -45831
 Earnest -6145 -5692
 Net Worth -143831 -144841
 Percentage Change .34% -.70%

How have your Marches begun?

  

Net Worth Week 47 – Grind it Out Edition

Gentle Readers,
I’ve been doing a great job this week of getting lots of things done and getting overtime in to tackle this debt. I was really worried that her absence would make me despondent, but I still feel wrapped in her love from hundreds of miles away. I’ll use this time to focus on being even better at tackling debt and growing my business. When I’m with her, I can then just focus on exploring her new city with her and enjoying being near her without worrying about costs. (remind me of this when despondency rears its head)
I made it to the tailor who is fixing a suit for me. She estimates that it will be ready this weekend and I’m very excited to finally wear it. I scheduled my oral surgery; it still does not feel like the best time financially, but I would like to have a happier mouth and less pain.
I’m going to draft my taxes tomorrow so that I can talk to my accountant friend for a paid-review of the Schedule C I’ll prepare. I also need to prepare to pay my quarterly taxes for the first time since I paid myself from profits in December. I know that I have the money on hand because I have kept all profits I’ve paid myself in a sub-account. I don’t know what I’ll do with that money once I know what it is like paying self-employment taxes. Right now that money has the job of teaching me how much I’ll bring home depending on the number of clients I have. It’s a good lesson.
My skill-building classes return again next week. I’m really excited. I love the class and the teacher, and it is free. I intended to finish a book on the subject during the 2.5 months we did not have class, but I did not make the time with how much happened in my world.
We also can’t seem to keep a fourth contractor on this project. The most recent hire did not make it a month. No one has explained his absence to us; he’s just not there. It’s a very strange work environment. I hope he found a permanent job somewhere. He was nice and diligent.
.

This week’s net worth numbers

2/24/2017 3/3/2017
 Joy 1104 1105
 Travel 324 324
 Down Payment 19 19
 Retirement 21 21
 Health 45 45
 Moving 284 284
 EF 810 811
Business 751 1002
Bed  0.19 0.19
 Life  1622  2640
 IRA 12163  12234
 Brokerage 693  698
 CC (largest) -4215  -4260
 CC (longest) 0  -191
 Rewards Card -1909 -2322
SL 1 -104085 -104201
 SL 2 -45844 -45896
 Earnest -6133 -6145
 Net Worth -144323 -143831
 Percentage Change -.13% .34%


What do you like to have on hand for post-surgery self-care?

 

  

Net Worth Week 44 – Best Week Yet

Gentle Readers,
My high credit score officially returned last week. It took a beating down from excellent to high-ish after I completed a balance transfer last summer. The balance transfer rate ends in July. I am doing a lot of OT right now, and part of the aim is to use those funds to knock it out before then.
I still have not made an appointment  with an oral surgeon.  There is not time right now, and my focus is elsewhere. I am going to try and sneak in a massage or reflexology. My body is terribly stressed right now.
My streak re-set to 2 week’s positive net worth growth! This is my closest to zero since I’ve kept track.

This week’s net worth numbers

2/3/2017 2/10/2017
 Joy 1103 1104
 Travel 324 324
 Down Payment 19 19
 Retirement 21 21
 Health 45 45
 Moving 284 284
 EF 810 810
Business 7511 751
Bed  0.19 0.19
 Life 1356  819
 IRA 11459  11536
 Brokerage 674  679
 CC (largest) -4182 -4182
 CC (longest) 0  0
 Rewards Card -1530 -1120
SL 1 -103998 -103854
 SL 2 -45804 -45738
 Earnest -6562 -6109
 Net Worth -145201 -144610
 Percentage Change .33% .40%

Are you making plans for Valentine’s Day? Do you spend a standard amount?  

Goals 2017 – Accountability and Chutzpah!

Gentle Readers,

I am not typically into resolutions, but I think that financial ones could be helpful in focusing me and so I will try them this year. Last year at this time, I did not have this blog or the goals the blog has led me to pursuing. I was ignoring my money and figuring that student debt would constrain my choices for life.  That’s unpleasant to consider.

In April of 2016 I began this blog, and I was in debt to the tune of -$151,728. Focusing on my money had my debt diminish to -$146,049 by year end. That’s an increase of 3.74%. I had hoped to do better than that, but was not anticipating so many medical expenses. Explicit goals are said to be helpful. Let’s give it a go.

2017 Achievable Financial Goals for ZJ Thorne

  1. Pay myself from my business at least a nominal amount every month. If I get one client a month to cash-flow properly, I could pay myself $500/m before taxes.
  2. Finish contributing to my 2016 IRA ($1340 to go)
  3. Increase my Emergency Fund to $1000. ($691 to go)
  4. Pay off Credit Cards ($5785).
  5. Fully fund 2017 IRA ($5500 to go)

This is $13,316.  That is $256.07 a week or $1109 a month for all of these goals. I have until April 15 to finish contributing to my 2016 IRA. It and the emergency fund will be my first priority. Then I will shift to paying down my credit card. The 0% balance transfer ends in July. If I cease spending on my credit cards and pay them off in 6 months, that would be $964.17 monthly. Perhaps this is attainable. If July through December is dedicated to funding my 2017 IRA, that is $916.67 a month in contributions.

My current gig is scheduled to last until mid-February, and we are supposed to continue with unlimited overtime until then. It is possible they will extend beyond February. We won’t know for some time. Our industry shifts rapidly. It is not uncommon to be told at 2 pm that your gig ends that day. Staying gainfully employed is helpful to achieving these goals.

The big goals are even grander and dependent upon finding a gig utilizing the skill I’ve been mastering. If I do that, I can double my pay for some gigs. If I do that, my goals can become enormous depending on how long a gig at that rate could last. These goals are too big for one year, but they are in my mind. Luring me.

2017 Stretch Goals for ZJ Thorne

  1. Get my Emergency Fund up to $5000-$10000 ($4691-$9691 to go).
  2. Save up a down-payment of $15000-$30000 ($14981-$29981 to go).
  3. Spend $5000 on my brokerage account.
  4. Pay off the smaller student loan in a fell-swoop $45000.

What are your goals for 2017?

Net Worth Week 37 – Happy Holidays!

Gentle Readers,

Travel begins tomorrow and will mark the first time I will actually get to be in the same state as my lovely girlfriend on Christmas Day. I’m not thrilled by the area of the country we’ll be in, but she’ll be with me and that’s a lot of joy for one woman.

There’ll be limited time with my family and away from my jobs, but I will get to hug someone I have not seen for a few years due to how far away they live. I’m so excited. Definitely worth the cost of our tickets. All of my siblings in the same space happens once every 2 or 3 years. It is not easy.

12/9/16 12/16/16 12/23/16
Joy 1102 1102 1102
Travel 324 324 324
Down Payment 19 19 19
Retirement 21 21 21
Health 45 45 45
Moving 284 284 284
EF 309 309 309
Business 1 1 1
Bed 0.29 0.29 0.29
Life 445 636  1912
IRA 10988 10883  10718
Brokerage 664 661  661
CC (largest) -4341 -4341  -4256
CC (longest) 0 0 0
Rewards Card -988 -510  -1274
SL 1 -103334 -103449  -103565
SL 2 -45501 -45553  -45606
Earnest -6915 -6927  -6942
Net Worth -146880 -146494  -146246
Percentage Change .27% .26% .16%

Have you traveled this holiday season?

Net Worth Week 35 – You Better Work Edition

11/25/16 12/2/16 12/9/16
Joy 1102 1102 1102
Travel 324 324 324
Down Payment 19 19 19
Retirement 21 21 21
Health 45 45 45
Moving 284 284 284
EF 309 309 309
Business 1 1 1
Bed 0.29 0.29 0.29
Life 1632 2617  445
IRA 10170 10124  10988
Brokerage 406 399  664
CC (largest) -4332 -4341  -4341
CC (longest) 0 -98 0
Rewards Card -1443 -1683  -988
SL 1 -103378 -103477  -103334
SL 2 -45521 -45566  -45501
Earnest -7351 -7364  -6915
Net Worth -147712 -147283  -146880
Percentage Change -1.12% .29% .27%

Have you ever had the option of Unlimited Overtime? How much would you work if you could?

Net Worth Week 30 – Don’t Sleep on the Job

10/21/16 10/28/16 11/4/16
Joy 1101 1101 1102
Travel 323 323 324
Down Payment 19 19 19
Retirement 21 21 21
Health 45 45 45
Moving 284 284 284
EF 1005 105 105
Business 1 1 1
Bed 0.29 0.29 0.29
Life 1942 2145  2256
IRA 10011 9917  9773
Brokerage 399 391  377
CC (largest) -4559 -4499  -4479
CC (longest) -62 0 0
Rewards Card -383 -647  -199
SL 1 -103044 -103159  -103275
SL 2 -45368 -45421  -45474
Earnest -7736 -7752  -7768
Net Worth -146000 -147122  -146887
Percentage Change .31% -.76% .15%

Have you picked out your Election Day outfit?

Net Worth Week 25 – Mentor Edition

9/16/16 9/23/16 9/23/16
Joy 1100 1100 1100
Travel 323 323 323
Down Payment 19 19 19
Retirement 21 21 21
Health 45 45 45
Moving 283 283 283
EF 1004 1004 1004
Business 1 1 1
Bed 0.29 0.29 0.29
Life 871 1732  1596
IRA 9854 10079  10033
Brokerage 395 402  400
CC (largest) -4699 -4693  -4660
CC (longest) 0 0 0
Rewards Card 0 0  -701
SL 1 -102726 -102858  -102957
SL 2 -45223 -45283  -45328
Earnest -8126 -8143  -8160
Net Worth -146867 -145967  -146981
Percentage Change -.22% .60%  -.69%

Any recommendations for paying your employment and quarterly taxes as an LLC?

Net Worth Week 20

My pain keeps circling itself. I think that the steps I’m taking are having long-term effects, but they are shorter lived than I hoped.

Date 8/5/16 8/12/2016 8/19/2016 8/26/2016
Joy 1100 1100 1100  1100
Travel 323 323 323  323
Down Payment  19 19 19 19
retirement  21 21 21 21
health  45 45 45 45
Moving  31 31 31 31
EF  2003 2003 2003 2003
Business  1 1 1 1
Bed  .29 0.29 0.29 0.29
Life  1444 769 1844  2127
IRA  9984 10087 10127  10058
Brokerage  409 410 402  401
CC (largest)  -4791 -4791 -4791  -4791
CC (longest)  -273 -295 -319  -437
Rewards Card  0 -273 -564  -1022
SL 1  -102713  -102489 -102604 -102719
SL 2  -45217  -45115 -45167 -45220
Earnest  -8486 -8404 -8522 -8540
-$146099 -$146657 -$146050 -$146599
  .56% change -.38% change .41% change -.37% change

Have you seen growth in other areas of your lives lately? Have the hustles been paying off?