Where you're at today

We’ll start with the easy stuff. Let’s take a look at where you’re at today.
💡
Tip:
Have your bank account info, investment account info, and retirement account info handy! It’d also be helpful to know roughly what your income is today.

1. Who are you doing this doc for?
Yourself

Fill out the rest of this document with your own information. For simplicity, we assume that you file taxes as a single individual.

2. How young are you?
00
38

Yes, that's right - you're young!

3. How much 💵 do you roughly have?

These should all be in $ USD. Don't worry, literally no one on this planet has access to the numbers you put in here, including me.
In your
bank
accounts
(savings, checking)
:
0000000
340000
In your
investment
accounts
(stocks, RSUs, etc)
:
0000000
330000
In your
retirement
accounts
(401k, IRAs, etc)
:
0000000
550000

4. How much 💵 do you earn per year today?
000000
230000

This is also in $ USD, and represents your total pre-tax annual income that comes from salary, RSUs, side projects, real estate, etc.

Note 1:
This
does not
include long term or short term capital gains from investment accounts. Those will be calculated separately later based on your investment account value.

Note 2:
This is
pre-tax
, and
pre-contributions to 401K and/or ESPP/stock plans
. Tax is calculated later, as well as 401K contributions. For the sake of simplicity, we’ll treat contributions to ESPP as regular income.
ESPP side note

This information is just for you to have as reference, it’s all included in the calculations later on!
Estimated federal tax:
$55,044.25
Your effective tax rate:
35%
Average tax rate:
23.93%

5. Calculate your expenses

What are your current expenses?

The best starting point is tabulating up what your expenses are
today*
using tools like
or
that categorize automatically your expenditures after you connect your credit card and bank accounts. Input these expenses into the “Monthly Cost (today)” column below.

*Today :
because of abnormal spending habits due to Covid, I recommend you consider “today” expenses from a period of “normal” time i.e before 2020. For example, what I have here are averages from a 4 month period between March and June 2018 when we lived in an apartment in Cupertino, CA.

Important note
:
Do not include mortgage, rent, or kid related costs here. You’ll have the ability to apply these automatically later on.

Input your expenses now!
Reset all values

👉 Cool. That was easy, right? Let’s move on to:

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