Author Topic: A Million in Assets  (Read 1651 times)

tyort1

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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

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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

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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:


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clarkevii

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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

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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

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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.
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tyort1

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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

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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

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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.

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oldtoyota

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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

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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!!