Author Topic: A Million in Assets  (Read 1216 times)

tyort1

  • Handlebar Stache
  • *****
  • Posts: 1681
  • Age: 45
  • Location: Denver, Colorado
A Million in Assets
« on: December 02, 2017, 12:04:53 PM »
Wow, I never thought I'd see this day.  Assets have hit a million dollars.  Of course, I also have $349k in liabilities (the mortgage), but it still feels pretty damn good.  Here's the screenshot:

Frugalite in training.

Maya

  • Stubble
  • **
  • Posts: 205
  • Location: Canada
Re: A Million in Assets
« Reply #1 on: December 02, 2017, 12:43:09 PM »
Awesome!!  We are pretty close to that. I'm holding out hope we can make the net worth of $1M for my 40th birthday. 3 years to go.

beee

  • Stubble
  • **
  • Posts: 131
  • Age: 29
  • Location: Edmonton, Canada
    • HoneyMoney.io
Re: A Million in Assets
« Reply #2 on: December 02, 2017, 01:04:42 PM »
Wow, I never thought I'd see this day.  Assets have hit a million dollars.  Of course, I also have $349k in liabilities (the mortgage), but it still feels pretty damn good.  Here's the screenshot:


Congratulations! How old are you?
I'm hoping to join 2 commas club in 5 years.
❤️  HoneyMoney.io Expense tracker and planner designed to help you save more money each month. My tool for personal finance geeks, savers, FIRE-achievers, people who want to control their finances.

📩  Mustachian Digest a weekly selection of curated articles about FIRE and Happiness. I read through HUNDREDS of blog posts and forums topics, so you don't have to.

clarkevii

  • Stubble
  • **
  • Posts: 224
  • Age: 37
  • Location: Dallas TX
Re: A Million in Assets
« Reply #3 on: December 02, 2017, 08:43:10 PM »
Nice work. I'm hoping to join you within the year!

soccerluvof4

  • Magnum Stache
  • ******
  • Posts: 2787
  • Location: Artic Midwest
  • Retired at 50
Re: A Million in Assets
« Reply #4 on: December 03, 2017, 03:38:26 AM »
Congrats! its nice to see that number isnt it!?!!!
" In life you don't get what you deserve you get what you negotiate"

happy

  • Magnum Stache
  • ******
  • Posts: 3626
  • Location: NSW Australia
Re: A Million in Assets
« Reply #5 on: December 03, 2017, 04:39:17 AM »
Terrific. I'm sure you'll find it much easier to get to 1mm net worth.
Journalling at Happy Aussie Downshifter

tyort1

  • Handlebar Stache
  • *****
  • Posts: 1681
  • Age: 45
  • Location: Denver, Colorado
Re: A Million in Assets
« Reply #6 on: December 03, 2017, 12:36:55 PM »
Thanks all!  I'm 45, and was a bad saver most of my life.  Since I found MMM I've been dumping as much money into the market as I could, at the same time our house value went up like crazy.  That's about it.  Simple, just like MMM said it would be.  The actual breakdown is:

$356k - Investments (VTSAX mostly).
$640k - Home value
-$349k - Mortgage

I want to get investments up to a million and then maybe pay off the house completely.  We'll see what happens over the next few years.  So far it's been a great ride.
Frugalite in training.

GettingClose

  • 5 O'Clock Shadow
  • *
  • Posts: 51
Re: A Million in Assets
« Reply #7 on: December 03, 2017, 01:45:18 PM »
This is funny:  we just hit a big milestone - our FI number, actually -  and I took a screenshot of the Quicken display and stored it in our pictures for 2017!  It was kind of odd, this was a milestone which meant a great deal to me, since I've been working towards it for years, and it didn't make my spouse happy at all, whereas I was very happy for a full day.  Maybe because the market is so fickle ...

Nate79

  • 5 O'Clock Shadow
  • *
  • Posts: 12
Re: A Million in Assets
« Reply #8 on: December 03, 2017, 03:32:24 PM »
I would look more at net worth considering much of your assets are owned by the bank.

Sent from my SAMSUNG-SM-G930A using Tapatalk


oldtoyota

  • Magnum Stache
  • ******
  • Posts: 3011
Re: A Million in Assets
« Reply #9 on: December 03, 2017, 05:08:05 PM »
Congrats! We reached our target after many years of savings. Feels good!
« Last Edit: December 04, 2017, 08:29:07 AM by oldtoyota »

NinetyFour

  • Magnum Stache
  • ******
  • Posts: 4874
  • Location: Southwestern US
  • 122 days until Freedom!
Re: A Million in Assets
« Reply #10 on: December 03, 2017, 05:10:00 PM »
I also hit it a few days ago.  But I got there 11 years (in age) after you did, tyort, so I'm super impressed that you got there at such a young age.  Great job!!
My Journal

Countdown to Freedom:  122 days; 14 weeks of classes; 44 days of classes