Savings Accounts

 

I have 2 savings accounts, one with Ally and one with Marcus.  My Ally account is paying 4.25% and my Marcus account just sent an email stating that the rate was raised to 4.40%. I remember when I opened my Ally account and I THINK it was paying 0.6%.  It has increased 7X since I opened it!

My Ally account has over $16,000 in it and I earn approximately $57 a month.  

My Marcus account has over $38,000 in it and I earn approximately $135 a month. 

That's almost $200 a month in passive income!!!! 

I want to find additional ways to increase my passive income.  I want to make money while I sleep!

I only have my savings accounts, my brokerage account and my retirement accounts as passive income. 

What do you do to earn passive income?  Comment below! 

2023 Goals

 

I haven't really sat down to make any goals for 2023.  I know it's August, but I figure it's never too late. 

1. Contribute $15,000 to retirement with the goal of having $145,000 by the end of the year.  As it stands today I have approximately $138,000.  I do no yet qualify for my firm's 401k plan. 

2. Pay the mortgage down into the $140,000s. 

3. Donate $1500 to charity.   

4. Increase savings to $57,500. 

Do you have any goals for 2023?  Please share in the comments. 

Update on Job Application

 

I did not get the non-litigation position that I applied for a few months ago. I just found out on Thursday.  It was not unexpected and was definitely a long shot from the beginning.  There a few more non-litigation positions that I will apply for, hopefully, tomorrow.  I just want to stay in the same salary range, $140k to $160k.  My job is entirely too stressful, and it affects my mental health.  I have tried anti-anxiety and antidepressants and they do not seem to help very much. I'll keep pushing along and find the right fit for me.  

 

Hello.... Is anybody out there???? Wow, I have been gone a super long time!! I miss blogging!  I have been intermittently reading blogs over the past couple of years but have not been able to comment from my phone.  I hope all is well in the personal finance world.  I have so many updates to provide!  I'll be brief and start with the basics for now. 

I changed jobs in January.  I am working for another law firm.  My dream is to get into a non-litigation position. I hope one day I can transition into that kind of work. My base salary is the same.  $160k a year.  There is a non-litigation position I have been eyeing which would be approximately $220k a year. However, the position has been empty since at least October of 2022. I'm not sure why it has not been filled. It has been advertised 3 or 4 times. 

As of today, I have approximately:

$54,000 between 2 savings accounts. 

$121,000 total in my Roth and taxable brokerage account 

$17,000 in my 401k from my old firm 

$30,000 in checking. 

I owe approximately $152,381 on my mortgage. 

I pay off my credit cards monthly. 

Zillow has estimated the value of my house as $432,000.  

My net worth including my home is about $501,619.