Being millionaires by thirty sound like a pipe dream so it’s crazy that it came true for normal, lucky ducks like us. We both worked very hard to get here but I would definitely say being lucky helped a bit too.
So are you wondering what we did this month to celebrate our millionaire threshold?
November was a very frugal month for us as we entered our first foray into the double comma club, millionaire club. Hubby’s 30th birthday is next month and I turned 26 a few months back.
Our actual living expenses were $595 this month which is really low even for our standards for a family of 3. My side hustle alone this month almost covered for that. I guess as long as Airbnb is stable, we can technically FIRE, how’s that for a daydream!
This month’s report is a little different. I figured out the TablePress plugin on WordPress so I’m testing out how this flows. Everything is in pretty tables which should get easier to input from now on since I already made the templates.
[This post may contain affiliate links at no additional cost to you. Please read my disclosures for more info.]
To avoid any confusion, here’s the rest of our income report from previous months (in their old format):
Income Report & Budget Breakdown – August 2017
Income Report & Budget Breakdown – September 2017
Income Report & Budget Breakdown – October 2017
Now let’s take a look at our income and expenses for the month of November.
|Premise||We are a household of 3 grown adult & 1 dog. We run Airbnb full-time that counteracts the mortgages.|
|Paycheck||$7,451||Take home after retirement. This was a 3 paycheck month. Well deserved for a nightmare-ish on call.|
|B&B||$4,326||Typical winter. As expected. December is looking to be even slower. Summer is the time to make your money, winter is for relaxing.|
|Side Hustle||$587||Dog sitting and selling things have been really fun. We have a nice tempo going. I get to play with a pupper, declutter and blog on my own terms.|
|Retirement||+/- $5,000||Retirements contributions are automatically reserved and then invested. It's usually around $5,000/per month.|
You can’t hate the 3-paycheck months! Airbnb had an occupancy rate of 85% and it grinds at me. Nothing is more costly than a vacancy. Looking around, it seems to be a simple demand issue, not a pricing issue. Only going to get worst from here until March.
I started dog sitting for a former client of mine. It’s part-time and it’s really easy because the Shih Tzu pup is so mellow. For the same work I put in with Grace, I take their dog along too. They socialize, keep each other entertained and nap by my feet for the rest of the day. I’m definitely digging this setup and want to continue this. I started selling using the eBay auction format and they’re really fun. I mark everything for 99 cents (+shipping), close my eyes, and see where it lands.
|Category||Budgeted For||Actual Spent||Notes||Rollover (YTD)|
|Groceries||$350||$286||For 3 people with random snacks and premade foods, we did great this month.||$2,002|
|Dining Out||$150||$23||This isn't completely accurate; we got food at the food court but they were charged as groceries. It is a really frugal month for dining out due to the bad weather.||Combined with above.|
|Transportation||$100||$20||Just reloading my bus fare money.||$515|
|Personal Care||$100||$69||I finally decided to start seeing again.||$914|
|Entertainment||$25||$43||Two rare books off eBay for this nerd! 🙂||$375|
|Home Maintenance||$300||$0||Goose egg.||$4,152|
|Misc. Expenses||$100||$2||$2 at Dollar Tree.||$267|
|Pets||$50||$58||Dog food + grooming.||$361|
|Mobile (AT&T)||-||$34||This is for just my phone. I get unlimited talk and text with 1 GB of data. Hubby's sponsored by work.||$221|
|Vacation + Travel||$50||$0||Current rollover to date is $473 dollars. That is our Christmas budget.||$473|
|Internet||$60||$60||It's employer sponsored but we still pay it before they reimburse us.||$0|
|Electricity, Gas, Water, Sewage, Trash.||$350||$0||For both rented properties. It is charged every 2 months. This month we didn't have to pay. Next month will hurt! :O||$1,068|
|Mortgage, taxes, etc.||$4,500||$4,132||No utilities charged this month. Airbnb covers this.||$1,239|
|Spending Total||$595||Out of pocket living expenses for the month.|
We’re eating the same things as usual since my father does half of the cooking and grocery shopping. Chicken drumsticks have been the only protein being served this month. I don’t know why. Has pork prices gone up in winter? Anyways, I treated myself to ahi tuna and some other fun things to break the monotony of chicken and zucchini being served constantly. I don’t know how he can eat the same things day in and day out.
If you’re wondering how we keep our grocery costs so low for 3 adults, read our grocery guide: How We Keep Our Food Costs So Low – 6 Months of Receipts Reveals All.
So every weekend has been stormy and cold. We didn’t feel like going anywhere in the rain. The biggest downside to living car-free is being limited when the weather is bad. We kept putting date night off until it just became nights in.
The $23 was for Peruvian/Mexican food on the one day that we went window shopping on Black Friday.
We ordered food delivery once this month through Eat24, waited over an hour, then phoned in to ask where our order was. The restaurant never got the fax and by then we just canceled the whole order and resorted to eating at home.
I just refilled $20 on my bus card for the month.
Notable memory: a meth head with bleeding needle holed skin asked me for money at the bus stop. That bus stop is ground zero for this kind of activity and I ride that bus several times a week so I’m used it. She was very persistent and started to follow me and didn’t take no for an answer, so I got annoyed and pulled the “我不会说英语” (I don’t speak English); like usual, it worked.
Well, it would have been $0 but my husband reminded me that I was blind and needed glasses. My old pair broke when the mini hinges and screws flew loose.
I’ve been needing glasses my entire life, never got them, got used to not seeing things, now I don’t care and walk around blind 24/7. I’m not a detail-oriented person most likely because I walk around -4.5 blind in both eyes. I like living in my own world and subconsciously I decided I didn’t need glasses. I’ve lived the vast majority of my life without them and I never slipped on a banana peel or flunked a class.
Jared’s like “you can get glasses now, we have insurance and it’s kind of ridiculous that you don’t want to see.”
Cyber Monday rolled around and Bonlook had some stylish, cheap frames for $29 (regularly $99). I snagged up the cheapest pair of frames that would work which is a mauve pink one. My entire order total including special high density for my mad blindness was only $69 + an optometrist to vouch for you. It will arrive by Christmas and I’ll be able to see clearly again.
All me! I bought two rare, used books from eBay. I’ve been stalking both books for a while. When eBay sent me a coupon for $15 off $50 on Cyber Monday, I jumped on it. Both books I purchased are limited copies so that’s why they’re on the expensive side for consignment books that no one has even heard of. Both of these books are the first failed creations of what people consider as famous writers today.
The first book is a coffee-stained, unproofed copy. Unproof copies are what publishers send out in its rawest form to booksellers, notable writers, book reviewers in an effort to generate feedback and drum up publicity on the possible value of the book.
Unproofs copies have not been edited. That’s the copy the author wrote in its purest form, before any kind of editing by the publisher. Unproofs are not as valuable as first editions because they are printed on the cheapest quality paper. They’re meant only to be given away as drafts.
This is going to sound so hipster...
I like unproofs better. I don’t want the edited, primped, leather-bound copy – I want the content in its raw form, grammar errors, mistakes and all. Editing or omitting a word could change how the entire sentence is read. Since the subject is historical, the first person details are more important to me than grammar.
The second book is something only a creep (me) would buy. The author (now famous for another work soon to be a TV series) publicly denounced it a few years ago. He wrote his badly disguised memoir long before he became famous. That’s why the author’s completely embarrassed and happy it’s out of print. Naturally, I HAD to buy a copy! 🙂 There are not many copies left floating out there. First editions go for $150. I snagged a regular copy. Its still in transit but I’m prepared for a really bad, corny read.
I have a growing wishlist of rare books I want to collect but I just haven’t committed to buying them. It’s not like a stock. I can throw thousands into the Robinhood brokerage and feel nothing but books are guaranteed sunk costs items. Am I coming off a little crazy?
Dad spent $2 at Dollar Tree. The only Black Friday thing tempting my husband was Google Home. But he didn’t get it, it sold out before he decided. We didn’t participate on Black Friday much unless you count I spent $1.98 on a roll of invisible clothing tape.
We bought 84 lbs of dog food for $36. That’s the best deal per pound of dog food we have ever scored. It’s the American Journey brand on Chewy which has a 4.5/5 on Chewy and 3.5/5 on Dog Food Advisor. I couldn’t it pass up for the price. It’s still better than the Alpo and Purina stuff but a small notch down from Grace’s usual food. I doubt she would know the difference. I give her salmon oil and coconut oil every meal to keep her coat shiny. The other expense was Grace’s nail trim for $14 and a treat following that in an effort to calm her down.
Related: 5 Frugal Dog Things We Don’t Do
(& yes, she still knows the route to the vet and we still have to carry her part of the way there. This dog ain’t dumb.)
Vacation + Travel
Our year to date rollover of $473 will be our preferred budget for Christmas. We have our plane tickets paid for so it’s only a matter of riding and tipping the transit bus drivers. The in-laws insist paying for our food when we go out together so I’m not expecting too many expenses besides thrift store shopping and when we go out alone.
|Savings||$19,175||Banks, PayPal, I-bonds.|
|Brokerage Accounts||$400,523||Need. more. more!|
|Retirement Accounts||$217,825||401Ks, IRAs and a HSA.|
|Real Estate||$427,533||Current asset minus mortgage liabilities. We are using property tax estimates from 2016 instead of commercial home estimates like RedFin and Zillow.|
|Total||$1,065,056||💛 💚 💙 💜|
Related: Free Google net worth calculator sheet (free download with email.)
Not that it matters, but woo, we’re millionaires. It feels the same. The county rejected our square footage claim around the beginning of November. It’s 1) a total plug for more property tax money, I’m just sayin’… and 2) I needed to fetch a licensed realtor to submit the claim and I didn’t do that.
Also, some classic bedtime reading if you missed it…how dumb luck made my husband a rich man.
The thing that blows me and hubby away is that we started this year with $700k in net worth and now it’s over a million. That’s a mixture of house, new stock grants, Amazon and the overall market still going strong.
Reflecting back on when I first took J$’s millionaire pledge almost 6 months ago:
I am a firm believer that anyone can become a millionaire. In fact, I have a pretty good feeling that most people can become multi-millionaires if they tried.
Obviously I don’t feel so optimistic about that now; especially after calculating in inflation.
We are still fully contributing to our retirement accounts and we’re expecting to sink in $5,000 mo indefinitely across our 401Ks, IRAs, and HSA. My husband knows more about retirement, in fact, his manager just sought him out for help with retirement. Hah.
Passive Income Streams
I also need to step up in the passive income department thanks to Passive Income MD who has opened my eyes on the real challenge at hand. 7 streams!
Absolutely am still trying to create as many sustainable income streams as possible.
I am fully behind the mind-set of Rocco’s motto, “just set it and forget it.”
That’s the biggest challenge for 2018. I’m still selling stuff and trying to invest my time wisely. The biggest privilege about financial well-being is being about to afford a delay in getting rewarded. Let’s hope I don’t run out of patience.
Pay The Mortgage
…well that’s even more obvious. What’s the alternative? Going homeless? What was I writing in my second month of blogging…?
More Credit Cards
Ummmm, we’ve been off the churners game. If it wasn’t for our utilities for both houses, we wouldn’t be able to crack $1,000 in monthly spending. My husband wants to get back to it though.
My sweet brilliant rising star genius angelboy of a husband is next to me and Grace is curled up on the foot of the bed like a snarly toothed angel. What I can work on that has no ambiguity is my love for my two idiots: the hub and the pup.
AWWWWW I said that? Cute!
Things are still going here. Our marriage is pretty solid. I estimate about 95% smiles and 5% fights.
I hate to say it but this guy just might be my soulmate. Oy vey…….maybe I can swap him out for an arcade game when we reach $2 million.
Related: Fledgling Pledging for the Million Dollar Club
By the way, regarding net worth growth…
It can come down oh-so-easily. We would get kicked out of the double comma club and have to rebuild again. So disclaimer, watch out for the second time we’ll be crossing that line. Because that’s probably the more accurate one. Lol! I crack myself up ?
We’ll continue living and saving next year like we did this year. We saved six figures this year in pure monies. I mean, there are still areas for improvement though. I want more side hustles and passive income streams. I’m thinking of putting more money in my Robinhood brokerage account. That’s my play money and I like informed gambling I guess…?
Congrats on being millionaires!! 🙂 Such exciting news! It’s always amazing to me when you get to the point where your investments go up more in a year than your income. I am very, very, very impressed by your frugal budget. I wish I had your dad to grocery shop and cook at my house. I think I could get used to chicken drumsticks every night if my grocery budget was consistently so low. Enjoy your slow time with AirBnB! It’s nice when you get a little lag time for R&R. 🙂
Thanks Laurie! Chicken drumsticks are always 99 cents a pound. I can see why the old guy only buys them…?
That milestone is a huge accomplishment. Congratulations! At your young age, you should have enough time to add even another 0 at the end if you wanted too.
You may want too take a quick look at the new format on an iPhone. The numbers are looking a little squished to me.
Oh smacks, I don’t have an iPhone 🙁 errguughfjrhrj technology!!!!!!
Congratulations Lily , what a great accomplishment! Did you and hubby do anything special to celebrate? The dog sitting gig sounds like a no brainer:)
Did absolutely nothing. We will do something when we cross $1.5 million. I need a buffer for the drop ^_^!
Ms. Frugal Asian Finance says
Congratulations on reaching the millionaire status! Woohoo!!!
I love the tables. They look so clean, organized, and informative! Love love love! (Too much love?) Hehe
I’m SO inspired by your dogsitting and Airbnb side hustles. Your family expenses in Nov were lower than our grocery expenses @_@ Keep it up!
Lol oh my god it is. Girllll, if you didn’t tell me I wouldn’t have even made the connection. You work full time so my meager hustles aren’t inspiring. I’m just filling the day for chump change.
Dave @ Married with Money says
Great job Lily! It’s exciting to see folks hit their big goals and milestones. 🙂
Just don’t feel bad if you have to hit it again if the market dips a bit haha
That’s why I’m only partying when we’re at 1.5 million ^_^
Budget on a Stick says
Lol upon first read of the title I thought you may be announcing something else too ??
Congratulations on the extra comma! You will be at your fire numbers in no time.
Oh god, nooooooooooooo. ?? Not yet.
Mr. JumpStart says
Wow. Way to go Lily.
Passive Income M.D. says
Wow this is so impressive! Net worth is definitely one of those cases where it’s not just about the destination, it’s about the journey as well. You’ve taken control of your life and it’s so inspiring! Congrats!!!
Love you doc! and your blog!
Femme Cents says
Congratulations on making it to the double comma club! That’s a big deal!
I found your comment interesting on your husband wanting to get back to using more credit cards for rewards points. I recently opened the Chase Sapphire card to get the rewards with because I knew I’d be spending enough with expenses I had coming. But after putting so much on it in such a short time, I definitely find myself wishing my budget looked like yours! Haha, it probably requires striking a balance of not opening new cards ALL the time.
Aw lucky duck, we’re waiting another 6 months/1 year before we can qualify for the Chase Sapphire again. They’re being so strict with that card.
Congrats on joining the 7 figure, double comma, millionaire club! Soon I’ll be there…
I’m amazed at your low spending and high earning. Something to aspire to! Have a good one 🙂
Amy @ LifeZemplified says
Congrats on the additional comma! With all that you guys are doing to increase your net worth, you may not fall out of it too far. I love your last line about Robinhood. I put in a small amount every month and feel like that too. 😉
Good samaritans, I hope you’re right Amy x) I absolutely love Robhinhood, never did beat any index funds with my individual portfolio but it’s still fun. Glad I’m not the only one ?
Congrats on the millionaire status!! I’m so impressed your food bills are so low 🙂 that ahi poke looks delicious!
If I didn’t work full time I would totally dog sit on the side. That would be a fun retirement thing to do. Is there Wag Jag or Rover in Seattle?
There is a Rover (and DogVacay) – I didn’t like Rover and had just a few clients before deciding I didn’t want to do it anymore. Dog sitting isn’t worth it unless you get a super mellow dog, I lucked out!
The Luxe Strategist says
Next time you make the poke, invite meeeee. Congratulations on official millionaire status!
Michael @ Financially Alert says
Congrats on hitting the double comma club! You guys are doing great for being so young and your budget is amazing. Splurging on books and Peruvian is always a good thing. 🙂
Ahhh Michael how’s your food blog going? I might foray into that 😀
Michael @ Financially Alert says
It’s still a lot of fun but now that I’m eating a lot healthier, it’s a lot harder to indulge for my readers…hehe.
Do you watch Mike Wiens or Mikey Chen on YouTube?! Get on YouTube Michael! I’ve always wanted to eat on YouTube for a living!!! Best job ever!
Congratulations! That’s a huge step. The 2nd million is much easier. 😉
You guys are doing extremely well. Keep it up.
Yeah, your November expense is ridiculous. Maybe we need to eat drumsticks more often. That’s the cheapest chicken protein, usually.
Ms. Frugal Asian Finance says
LOL I love chicken drumsticks. The meat is so juicy!
Random comment of the day (eh).
It’s versatile too! My dad peels off all the yummy chicken skin though. No fun no fat 🙁
It’s always 99 cents a pound at the grocer. It is the cheapest protein that you don’t have to chase for a sale. Guess dad knows what he’s doing. I figured the weight of the bone is a waste but we also boil it for broths.
Andddd I just realized now that 1 mil is in the bag, it’s another road to the 2nd one starting now. Arrrrrrrrrrrrrrrrgh, ok let’s do this!!!
Heather @ bizewife says
Congratulations! We have such a long way to go and really won’t be working on it until next year after we pay for and have the (expensive) wedding of our dreams. But we are on the path and the better for it!
How much is the wedding Heather? We had ours at Jack in the Box.
Congrats on the first million! But since you’re a couple, does that mean you need 2 million to be millionaires? Lol
My goal for my first million is by the time I’m 40, which is six year.
We need at least 2 million to be good, so yes it totally does!!!
Woah, a cool million! I’ll be there… eventually. 😀
Congrats, it is quite an achievement.
Thanks DD, I have zero doubt you’ll be there. Send me an e-card when you are xD
I am very impressed by how low your spending is, but Airbnb makes such a difference. I’ve found that as well!
Congratulations on meeting your goal. That’s the real achievement. Any drops are just more buying opportunities. 🙂
“Any drops are just more buying opportunities”
Yesssss, it is. We need a sale!
Awesome job! Well done to you and your husband L. ?
As for the “eat the same thing everyday”. My Dad told me, “You’re always grateful when there’s more than just rice on the table, even if it’s the same thing everyday.”
We still have the same old plastic bucket I used to have to wash in by the downstairs fire during the winter when I was a child, because the bathroom was so cold. It serves as a nice reminder. Same with my watch. No Rolex or Patek can replace it.
I’ve got a little more of a way to go before 7 digits. Almost 1/3 there. Depending on how a medical company goes, it maybe in 4/5 years time. Lucky I inherited my Dad’s predisposition, although I have a lot of money for my age, I feel even less inclined to spend it… ?
I know what you mean Will!! You can use my excuse: compounding is too powerful to waste in my youth. Drop me a note when you hit double commas :)?
Yeah, a million’s cool and all but you need to BUY SOME FUCKING GLASSES! Screw waiting until Christmas.
-4.5 in both eyes? That’s bad. I’m pretty sure you’re on your way to being legally blind.
Congrats on the net worth, but Jesus Christ. How can you even ʳᵉᵃᵈ ʸᵒᵘʳ ᵇˡᵒᵍ ᶜᵒᵐᵐᵉⁿᵗˢ
Damn, I was hoping that superscript would be ˢᵐᵃˡˡᵉʳ
LOL Phil!!! Hahahaha that totally made me laugh for too long. -4.5 is the worst that it’s going to get I think, My optometrist said it’s genetic and I would be a good candidate for Lasik eye surgery (which is way too expensive!)
Seems to me like you are really doing it. Great self-discipline. Hitting a million is truly amazing at your age. Did you ever think it would happen growing up?
OMGGG! I asked my husband the exact same question last night! I didn’t and he said he only thought about video games when he was little. So nope, not at all! Still think this money was a mistake 😀
You really need glasses!! -4.5 in both eyes is really bad so hopefully you can get used to wearing glasses. I’m surprised you didn’t get them sooner. If you can read this, Congrats on officially joining the millionaire club, next step is reaching 1.5 million.
Omg!! There IS zoom you know! Rofl!!! No but seriously, I’m just not used to it and I’ve functioned so long without it, my other senses are heightened ??
Mrs. Kiwi @ KiwiAndKeweenaw.com says
Nice fancy tables! I’m going to have to learn how to use those. Congrats on passing the $1M mark!
TablePress and ignore everything except “Add New” tab 🙂
Ahhhh congrats on double commas! Right before the new year too! Such a great way to wrap up the year. $300k this year alone! AMAZING
I know right, this bull run is crazy.