Goodness gracious, what a month.
We had house guests last weekend, and the preparation, execution, and recovery from that (going straight into an intense work week) has made July slip through my fingers. No, it was not relaxing, unfortunately.
How might my goals be going, you might ask? They’re not. They’re just not.
One thing I managed to do on my long July 4th weekend was track down a good tutorial on making an Excel spreadsheet that projects when we will hit certain net worth milestones.
It’s not entirely simple if you’re not a frequent user of Excel, but is great practice and gave me a great visual on when I can expect our numbers to hit $1m (2026) and FIRE at $1.8m (2031), although I don’t plan to calculate home equity in that number, so it will be longer).
This all assumes I don’t rage quit my high-income job in the meantime.
I won’t write it all out here, but will give you the jist of what it entails. Find the video here on YouTube. Michael does a good job of breaking it down step by step.
For starters, he’ll have you break out some initial information in “Assumptions.” This is the only place you’ll ever really need to update information.
Then he’ll have you set up the projection formulas according to your starting assumptions.
You can see my End of Year Net Worth in the yellow, which shows when I can expect to reach those numbers.
And that’s it! I had similar projections on my own, but I like having a worksheet like this that spells it out.
So now I just have to figure out how to adjust to make this happen faster!
Good luck and happy projections!
-K