Author Topic: We hit $500k in investments!  (Read 5603 times)

COlady

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We hit $500k in investments!
« on: August 08, 2016, 07:59:48 PM »
My husband (34) and I (32) hit $500k in investments as of 7/31/16. $375k is tax deferred and $125k is in taxable accounts. I thought I'd share here since we can't really tell anyone! Both of us found it to be rather anticlimactic :). Now we have our eye on $1M in investments. We have no debt other than our $140k mortgage. We have equity in our house of about $200k so total net worth of about $700k. We've been saving about $80k a year for the past 5 years....except for last year..we had twins and were down $1k in 2015.

NinetyFour

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Re: We hit $500k in investments!
« Reply #1 on: August 08, 2016, 08:06:52 PM »
Awesome--congrats!!
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MrDelane

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Re: We hit $500k in investments!
« Reply #2 on: August 08, 2016, 08:17:56 PM »
Congratulations!
I just hit that milestone a couple of months ago (and I'm significantly older than you both).
Feels great, doesn't it?

What's funny is in just a couple of months you'll be looking at it and wondering how long it'll take you to add another comma.

Keep it up.

iris lily

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Re: We hit $500k in investments!
« Reply #3 on: August 08, 2016, 09:16:53 PM »
Good for you, this is a great milestone!

human

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Re: We hit $500k in investments!
« Reply #4 on: August 08, 2016, 10:28:24 PM »
If you don't go crazy on spending for the kid you should easily hit 1 mil before 40! Awesome job, you'll see there's a thread here for people that started making changes and saving after 40. I started last year at 37, you guys are rocking it!

Lyssa

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Re: We hit $500k in investments!
« Reply #5 on: August 09, 2016, 12:37:21 AM »
Congrats! It's the next big milestone on my list as well. The next 500k will be much easier... :-)

COlady

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Re: We hit $500k in investments!
« Reply #6 on: August 09, 2016, 08:44:14 AM »
Thanks all! We're going out for dinner on Friday for our anniversary and to celebrate this milestone. Cheers to 5 years and $500,000! If only I could post that on Facebook. Ha ha ha.

FIPurpose

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Re: We hit $500k in investments!
« Reply #7 on: August 09, 2016, 08:52:14 AM »
You could not put away another penny and your investments alone would take you to millionaire status in 9-10 years! Awesome job guys.
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MVal

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Re: We hit $500k in investments!
« Reply #8 on: August 09, 2016, 11:27:06 AM »
I bet that feels amazing! I've got about 8 years until I hit that myself and I'll be 34 in a couple weeks. Inspirational, though!
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acroy

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Re: We hit $500k in investments!
« Reply #9 on: August 09, 2016, 11:51:46 AM »
Badass, congratulations!
Congratulations on the twins as well. $2k tax credit, yeah!
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dougules

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Re: We hit $500k in investments!
« Reply #10 on: August 09, 2016, 12:55:16 PM »
Awesome.  We just hit that recently, too. 

TheAnonOne

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Re: We hit $500k in investments!
« Reply #11 on: August 09, 2016, 02:43:04 PM »
You are well over half way to 1m!

Half way is something like 330k...(assuming the money is invested in the market)

Northwestie

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Re: We hit $500k in investments!
« Reply #12 on: August 09, 2016, 04:08:50 PM »
My husband (34) and I (32) hit $500k in investments as of 7/31/16. $375k is tax deferred and $125k is in taxable accounts. I thought I'd share here since we can't really tell anyone! Both of us found it to be rather anticlimactic :). Now we have our eye on $1M in investments. We have no debt other than our $140k mortgage. We have equity in our house of about $200k so total net worth of about $700k. We've been saving about $80k a year for the past 5 years....except for last year..we had twins and were down $1k in 2015.

Wow.  You guys are going to be golden.  Keep it up.   Good luck with the twins!!

MustacheBeginner

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Re: We hit $500k in investments!
« Reply #13 on: August 09, 2016, 11:34:26 PM »
Wow very impressive and congratulations to both the investments and of course the twins!

Cheers

COlady

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Re: We hit $500k in investments!
« Reply #14 on: August 10, 2016, 11:58:20 AM »
Badass, congratulations!
Congratulations on the twins as well. $2k tax credit, yeah!

The $2k tax credit and $1,200 childcare tax credit only put a small dent in what those little guys cost (they're worth it!).

dreams_and_discoveries

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Re: We hit $500k in investments!
« Reply #15 on: August 13, 2016, 10:08:55 AM »
Well done, congrats - I hope to be there one day :)

bhleigh

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Re: We hit $500k in investments!
« Reply #16 on: August 14, 2016, 03:43:32 PM »
Congratulations COlady and husband! Thats awesome!
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kenaces

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Re: We hit $500k in investments!
« Reply #17 on: August 14, 2016, 03:55:44 PM »
BAM!

ZsMom

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Re: We hit $500k in investments!
« Reply #18 on: August 15, 2016, 12:12:37 AM »
Congrats! Nice work. We are in a similar situation (just one child though) and just did the same! 1,000,000 is our next goal too.

Lonely Artisan

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Re: We hit $500k in investments!
« Reply #19 on: August 17, 2016, 08:59:01 PM »
Inspirational! super!

mynewchoice

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Re: We hit $500k in investments!
« Reply #20 on: August 18, 2016, 07:48:15 AM »
Awesome job and congrats to you both--and happy belated anniversary!

COlady

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Re: We hit $500k in investments!
« Reply #21 on: March 07, 2017, 11:37:52 AM »
We just hit $600k assets invested on 2/28/17. $100k growth between contributions and market appreciation in just 7 months! Woohoo!

I can't tell anyone else in real life about this....

Full Beard

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Re: We hit $500k in investments!
« Reply #22 on: March 07, 2017, 07:54:10 PM »
That's awesome! 
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tarheeldan

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Re: We hit $500k in investments!
« Reply #23 on: March 07, 2017, 08:20:52 PM »
Awesome!

jessicat

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Re: We hit $500k in investments!
« Reply #24 on: March 08, 2017, 07:37:27 AM »
That is awesome!

Heckler

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Re: We hit $500k in investments!
« Reply #25 on: March 10, 2017, 10:54:55 PM »
You could not put away another penny and your investments alone would take you to millionaire status in 9-10 years! Awesome job guys.

Is this a realistic expectation?   

Heckler

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Re: We hit $500k in investments!
« Reply #26 on: March 10, 2017, 10:58:27 PM »
$895,000 from $500k at 6% for ten years, no additions. Hmmm....  This thing does work, eh?!?

Congrats btw!

rothnroll

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Re: We hit $500k in investments!
« Reply #27 on: March 11, 2017, 04:29:46 AM »
$895,000 from $500k at 6% for ten years, no additions. Hmmm....  This thing does work, eh?!?

Congrats btw!
983, 575 at 7% percent though.

BayAreaFrugal

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Re: We hit $500k in investments!
« Reply #28 on: March 15, 2017, 04:53:26 PM »
Frigging awesome. We should hit $500k NW this year, but that's including our house.

tyort1

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Re: We hit $500k in investments!
« Reply #29 on: March 15, 2017, 06:51:51 PM »
We're right at $300k invested and what's crazy is that often times it will go up (or down) more in a day than I can save/contribute in a month!  That's just amazing to me.
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