Over the past year, Steve has made a 5-figure net worth increase with a sub-$50,000 salary. Listen in as we reflect! As with every Steve Sunday, you’re following along as the show’s sound engineer and webmaster Steve works to eliminate his 5-figure debt without a 6-figure salary as a springboard.


64 min episode

Share us!

For full Steve Sunday (financial case study) episode content, stream here on the website or download on iTunes or Podcast Addict.

To follow Steve’s progress by text, follow the quarterly financial case study blog posts alongside the audio podcast. Find the spreadsheet here to follow along.

As of November 2017:
Annual income: <$50,000
School debt: $51,128.74
Credit card debt: $872
401k contribution amount: 12% (as of early October)
Current market value in all retirement accounts: $14,855.06
Other investment vehicles: Bitcoin/Crypto ($5,900.52)
Cash holdings (savings, checkings): $728.32
Side hustles: ~$0/mo

Big changes:
– Bitcoin/crypto is on a tear
– Credit card debt only went up a bit, but it didn’t go down 🙁
– 401k passively picked up about a grand in interest passively and allocation increased back to 12%

Looking back at the year as a whole:
– Student debt down about $3,500
– Credit card debt down about $2,700
– Retirement accounts up about $4,900
– Cash savings down about $1,000
– Cryptocurrency holdings up about $5,500

Next year’s big goals:
– Increase salary to somewhere between $55,000-$75,000
– Credit card debt to $0
– Approximately doubling the improvement: shooting for a $20,000-$31,200 overall net worth improvement