Author Topic: Double Comma Club!  (Read 1757 times)

DCW

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Double Comma Club!
« on: February 25, 2024, 03:33:28 PM »
My wife and I are net worth millionaires for the first time! We have no one to share to personally, so I figured we'd share here among anonymous kindred spirits.

Details:
-36m, 33f, one daughter (5 months)
-$773,640.68 in equities (100% VTSAX, S&P 500, or similar)
-$45,567.21 in pension fund (employee contributions)
-$157,000.00 in appraised home value (paid off)
-$2129.92 in 529
-$24,638.37 in cash
-$1,002,976.18 TOTAL

I've been following MMM since the beginning of the blog. Although my wife and I didn't meet until 2015 or get married until 2019, since 2011 collectively we've saved ~28% of our total gross income into retirement accounts (some years as low as 0% and as high as 38%) and ~12% into paying off all debt (student loans x 2, auto loan, credit cards, and our mortgage - some years as high as 28% and now 0% :D ). Combined gross income started around 50k and is now up to around 175k. It took ~10 years to go from a negative net worth to 500k. The second 500k took 3 years. That's wild to me looking back on it. 

We are solidly in the boring middle, but this was a nice milestone to hit. Like all of the other goals, it came much sooner than anticipated. The next milestone I have my eyes on is 1 million in retirement assets; we'll see how soon that one hits.

I also fully expect to lose and regain "millionaire status" a handful of times over the next several months due to our current AA. Markets do be volatile, after all.

It's also interesting how unremarkable it feels, even though by all measures it's a very remarkable thing. We had a similar feeling when we paid off our home. Maybe by the time we reach FI we simply won't care at all!

Freedomin5

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Re: Double Comma Club!
« Reply #1 on: February 25, 2024, 03:58:42 PM »
Congratulations! You’ll reach 2M in no time! And yes, it’ll feel rather…normal. Just read the 2M to 4M thread. People start focusing on and talking a lot more about other life stuff once you get to 2M.

RWD

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Re: Double Comma Club!
« Reply #2 on: February 25, 2024, 08:00:06 PM »
Congrats!

DrinkCoffeeStackMoney

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Re: Double Comma Club!
« Reply #3 on: February 26, 2024, 05:50:04 AM »
Congratulations! Even being an "on paper" millionaire is a hell of an accomplishment.

GilesMM

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Re: Double Comma Club!
« Reply #4 on: February 26, 2024, 06:15:51 AM »
One comma is good, two commas is really fabulous, three commas....

Nutty

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Re: Double Comma Club!
« Reply #5 on: February 26, 2024, 10:08:16 AM »
Congratulations!  I was amazed when we hit 2 commas.  Then I didn't find any errors and no one knocked on the door to take it back.  The bounces will happen but the 2 commas are here to visit for a few years.  That is a good thing.
« Last Edit: February 26, 2024, 10:35:17 AM by Nutty »

RWD

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Re: Double Comma Club!
« Reply #6 on: February 26, 2024, 10:26:54 AM »
Congratulations!  I was amazed when we hit 3 commas.  Then I didn't find and errors and no one knocked on the door to take it back.  The bounces will happen but the 3 commas are here to visit for a few years.  That is a good thing.

I think I might have found an error in this post. =P

dandarc

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Re: Double Comma Club!
« Reply #7 on: February 26, 2024, 10:29:33 AM »
Congratulations!  I was amazed when we hit 3 commas.  Then I didn't find and errors and no one knocked on the door to take it back.  The bounces will happen but the 3 commas are here to visit for a few years.  That is a good thing.

I think I might have found an error in this post. =P
Or we have a billionaire among us.

Nutty

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Re: Double Comma Club!
« Reply #8 on: February 26, 2024, 10:36:04 AM »
Congratulations!  I was amazed when we hit 3 commas.  Then I didn't find and errors and no one knocked on the door to take it back.  The bounces will happen but the 3 commas are here to visit for a few years.  That is a good thing.

I think I might have found an error in this post. =P
Or we have a billionaire among us.
You are correct.  The error was corrected.  Trying to juggle too many things at once, again.  ;)

JLee

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Re: Double Comma Club!
« Reply #9 on: February 26, 2024, 11:14:46 AM »
Congratulations!!

I'm so close myself, it's such a weird feeling but I imagine we'll get used to it quickly.

DCW

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Re: Double Comma Club!
« Reply #10 on: February 26, 2024, 07:00:57 PM »
Thank you all!

Chris Pascale

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Re: Double Comma Club!
« Reply #11 on: February 28, 2024, 08:34:45 AM »
I thought the title was "double comb over club." THAT! I wanted to know more about.

iris lily

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Re: Double Comma Club!
« Reply #12 on: February 28, 2024, 12:38:24 PM »
Yay you. I i love hearing about new members in the double comma club.

JAYSLOL

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Re: Double Comma Club!
« Reply #13 on: February 28, 2024, 10:13:20 PM »
Heck yeah, congrats!  Save me a couple commas, see you there in a decade or so haha

Mississippi Mudstache

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Re: Double Comma Club!
« Reply #14 on: February 29, 2024, 09:01:58 AM »
Congrats! This is a BFD and you deserve to celebrate :)

We will join you when my wife's pension vests (2 year from now). Or possibly earlier, if the market gods continue to smile upon us!

EliteZags

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Re: Double Comma Club!
« Reply #15 on: February 29, 2024, 05:43:10 PM »
my Personal Capital added the 2nd comma today as well with paycheck and RH 3% Roth bonus getting added

late 30s single no kids, VHCL (Newport Beach)

pretty much all in US equity, of which ~80% indexes

fully expecting to cross back and forth over the margin a few times this year, would've got there a lot faster with any amount of crypto, my highest risk/reward position is >5% PLTR

DCW

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Re: Double Comma Club!
« Reply #16 on: February 29, 2024, 06:21:31 PM »
my Personal Capital added the 2nd comma today as well with paycheck and RH 3% Roth bonus getting added

late 30s single no kids, VHCL (Newport Beach)

pretty much all in US equity, of which ~80% indexes

fully expecting to cross back and forth over the margin a few times this year, would've got there a lot faster with any amount of crypto, my highest risk/reward position is >5% PLTR

Yes! Love to see this!

cincystache

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Re: Double Comma Club!
« Reply #17 on: February 29, 2024, 07:46:32 PM »
Fantastic job. Fellow longtime reader here since the very beginning. Still working our way there. Hit 600k this month. Glad to hear 500k-1M was a quick jump, I'm hoping I can join the club in a couple more years. Congrats!

ducky19

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Re: Double Comma Club!
« Reply #18 on: March 01, 2024, 06:52:32 AM »
Congrats! We recently crossed into the NW double comma club ourselves! Amazing how unremarkable it feels. When I told DW, she just said, "good job, honey!" and we went about our day, lol. Feels good though!

Car Jack

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Re: Double Comma Club!
« Reply #19 on: March 02, 2024, 03:23:36 PM »
Congrats.  This is a great accomplishment.  Soon, you'll be joining my Race to $2M and beyond https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$2m-to-$3m/ and wondering how to spend your wealth.  :D

Mississippi Mudstache

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Re: Double Comma Club!
« Reply #20 on: March 28, 2024, 02:54:02 PM »
Congrats! This is a BFD and you deserve to celebrate :)

We will join you when my wife's pension vests (2 year from now). Or possibly earlier, if the market gods continue to smile upon us!

Well, good grief. We just crossed into the two-comma club for the first time today(!!!) NW increased by $90,000 in a little over 4 weeks.

Hard to believe. I found MMM in 2013, and my net worth projections from back then had me hitting $1 million in net worth in 2024. Well, here I am in 2024 looking at a million bucks.

$585K in stock
$147K worth of timberland (conservatively)
$242K in home equity
$27K cash

Next big milestone for us will be $1 million in stock and cash alone.





J.P. MoreGains

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Re: Double Comma Club!
« Reply #21 on: March 29, 2024, 10:17:31 AM »
That's great that the second 500k only took 3 years! Awesome!