Author Topic: 1MM networth by the end of 2018  (Read 9238 times)

Chrissy

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Re: 1MM networth by the end of 2018
« Reply #50 on: June 29, 2018, 02:30:45 PM »
1/1/18:  $860k
2/1/18:  $883k
3/1/18:  $880k
4/1/18:  $898k
5/1/18:  $895k
6/1/18:  $906k
7/1/18:  $913k

It's looking more like $950k by year end for us...

Chrissy

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Re: 1MM networth by the end of 2018
« Reply #51 on: July 31, 2018, 03:16:41 PM »
1/1/18:  $860k
2/1/18:  $883k
3/1/18:  $880k
4/1/18:  $898k
5/1/18:  $895k
6/1/18:  $906k
7/1/18:  $913k
8/1/18:  $924k

C'mon, gang!  Who else wants to share a total?  I bet someone has already crossed the finish line or is about to cross it.

boarder42

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Re: 1MM networth by the end of 2018
« Reply #52 on: July 31, 2018, 05:08:44 PM »
Since you started it I'll chime in 965k. Probably 970k when the dust settles from the market after today.  We're going to coast in on this one due to home value increases and pretty solid returns on the market this year. I still have about 60k left to dump in at this point.

NinetyFour

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Re: 1MM networth by the end of 2018
« Reply #53 on: August 07, 2018, 08:52:37 AM »
I reached the double comma goal first on July 10.  Then it dipped the next day, but went back up and has stayed above that mark since then.  Today, my NW is $1,015,807.  Of that amount, $819,056 is cash and investments.  Of course, I would love to get the C + I amount up more, but now that I have retired (as of 6/30/18), my firehose of cash is no more.  :(

Anyway, I hope to be able to stay in the double comma club for a good while.  :)

Best of luck to the rest of you who are making progress towards this goal!!

Chrissy

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Re: 1MM networth by the end of 2018
« Reply #54 on: August 07, 2018, 01:59:40 PM »
Congratulations, 94!

NinetyFour

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Re: 1MM networth by the end of 2018
« Reply #55 on: August 07, 2018, 11:55:41 PM »
Congratulations, 94!

Thanks, Chrissy!!  :)

sisto

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Re: 1MM networth by the end of 2018
« Reply #56 on: August 08, 2018, 09:30:36 AM »
Congrats @NinetyFour !

NinetyFour

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Re: 1MM networth by the end of 2018
« Reply #57 on: August 08, 2018, 09:34:48 AM »

PNW Lady

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Re: 1MM networth by the end of 2018
« Reply #58 on: August 11, 2018, 10:30:21 AM »
$996K as of this morning - way ahead of schedule. I show our NW number to DH every time I get an update from Mint, and his most recent response was "so remind me, if we have so much money why can't we spend any of it?". Uh, we have so much because we don't spend it. 

DH has really been struggling with our car choices lately. Even though he gets to drive the newer, nicer 8 year old car (he keeps it in pristine condition), he has been pushing hard to replace the 14 year old car that I drive (nearing 150K miles and not so pristine - we bought it used with a ton of miles already on it). I really hope to get at least 2 more years out of it and delay the purchase of a new-to-us car. My work schedule is a bit heavy right now but I hope to start commuting to work by bus/max in the next few months. That would easily give us another few years on the older car.

Ricksun

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Re: 1MM networth by the end of 2018
« Reply #59 on: August 11, 2018, 11:23:24 AM »
1/1/18:  $860k
2/1/18:  $883k
3/1/18:  $880k
4/1/18:  $898k
5/1/18:  $895k
6/1/18:  $906k
7/1/18:  $913k
8/1/18:  $924k

C'mon, gang!  Who else wants to share a total?  I bet someone has already crossed the finish line or is about to cross it.


$933k ($700k Investments/Cash) here for DW and I, so we're right around you Chrissy.  With a really good last quarter in the market, there's a chance, but likely early/mid 2019 for us.

winkleweizen

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Re: 1MM networth by the end of 2018
« Reply #60 on: August 17, 2018, 02:41:09 PM »
Ill join.  Just joined the forum

1/1/18: 760K
2/1/18: 802K
3/1/18: 805K
4/1/18: 843K
5/1/18: 845K
6/1/18: 885K
7/1/18: 926K
8/1/18: 954K

I do have a big property tax bill coming up.  That might keep us from getting there.   Or if the floor drops out of the stock market obviously
« Last Edit: August 17, 2018, 02:43:03 PM by winkleweizen »

Chrissy

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Re: 1MM networth by the end of 2018
« Reply #61 on: August 17, 2018, 03:46:04 PM »
Dang, @winkleweizen!  HOW are you doing that???

winkleweizen

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Re: 1MM networth by the end of 2018
« Reply #62 on: August 17, 2018, 03:57:06 PM »
Ha, saving a lot with a newly found high income

sailinlight

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Re: 1MM networth by the end of 2018
« Reply #63 on: August 17, 2018, 04:24:00 PM »
We never really had a goal and spend a lot, but this seems like a good thing to strive for, maybe encourage us to spend less and save more.

8/31/2017 Balance     796,639.98   
9/30/2017 Balance     823,997.30   
10/31/2017 Balance   829,108.87   
11/30/2017 Balance   852,807.87   
12/31/2017 Balance   854,537.36   
1/31/2018 Balance     868,703.56   
2/28/2018 Balance     856,360.67   
3/31/2018 Balance     863,529.42   
4/30/2018 Balance     873,916.15   
5/31/2018 Balance     883,835.52   
6/30/2018 Balance     908,633.37   
7/31/2018 Balance     919,450.04
                                 
Probably won't make it, but we've been unexpectedly surprised to get here so fast.

boarder42

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Re: 1MM networth by the end of 2018
« Reply #64 on: August 28, 2018, 06:02:01 AM »
990k today just on the verge of 1MM

gerardc

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Re: 1MM networth by the end of 2018
« Reply #65 on: August 28, 2018, 09:25:55 AM »
I also should reach 1MM networth right around that time

PNW Lady

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Re: 1MM networth by the end of 2018
« Reply #66 on: August 30, 2018, 11:19:26 PM »
I made it!! Now that I hit my NW goal I am moving on to invested assets only. If all goes as planned it should take us 3 years to get to $1M invested assets ($1.5M NW). 

Keep fighting the good fight!

tightwaddy

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Re: 1MM networth by the end of 2018
« Reply #67 on: August 31, 2018, 05:27:18 AM »
I woke up this morning a millionaire. Almost half of it is home equity (~$450K) but it feels like a major milestone just the same.  DH and I have nobody we can tell so I'm telling you strangers on the internet :)  Next goal is $1 million invested, but that may take a few years--current goal is 12/2021.

@PNW Lady, looks like we are right around the same place--congrats!

boarder42

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Re: 1MM networth by the end of 2018
« Reply #68 on: August 31, 2018, 05:49:05 AM »
Congrats both of you

Chrissy

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Re: 1MM networth by the end of 2018
« Reply #69 on: August 31, 2018, 06:34:31 AM »
AHHHHHHH, you did it!

Dicey

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Re: 1MM networth by the end of 2018
« Reply #70 on: August 31, 2018, 08:10:19 AM »
Co gratulations all around!

@boarder42 - you are tantalizingly close to your goal - so close! You're killing it, dude!

boarder42

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Re: 1MM networth by the end of 2018
« Reply #71 on: August 31, 2018, 10:55:33 AM »
Co gratulations all around!

@boarder42 - you are tantalizingly close to your goal - so close! You're killing it, dude!

The market is killing it I'm just along for the ride. Kinda crazy how much compounding works once you get here

winkleweizen

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Re: 1MM networth by the end of 2018
« Reply #72 on: August 31, 2018, 04:46:39 PM »
1/1/18: 760K
2/1/18: 802K
3/1/18: 805K
4/1/18: 843K
5/1/18: 845K
6/1/18: 885K
7/1/18: 926K
8/1/18: 954K
9/1/18: 989k

getting close

congrats to all that passed the 1 m these past couple weeks

Chrissy

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Re: 1MM networth by the end of 2018
« Reply #73 on: August 31, 2018, 05:17:01 PM »
1/1/18:  $860k
2/1/18:  $883k
3/1/18:  $880k
4/1/18:  $898k
5/1/18:  $895k
6/1/18:  $906k
7/1/18:  $913k
8/1/18:  $924k
9/1/18:  $953k

ToughMother

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Re: 1MM networth by the end of 2018
« Reply #74 on: September 01, 2018, 08:09:39 AM »
1/1/2018  $860.9K
2/1/2018  $879.5K
3/1/2018  $868.2K
4/1/2018  $881.2K
5/1/2018  $917.4K
6/1/2018  $937.9K
7/1/2018  $943.7K
8/1/2018  $968.8K
9/1/2018  $988.4K

Congrats to those who've reached the double comma club!!!  @NinetyFour and @PNW Lady  Truly inspirational!

NinetyFour

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Re: 1MM networth by the end of 2018
« Reply #75 on: September 01, 2018, 10:06:02 AM »
1/1/2018  $860.9K
2/1/2018  $879.5K
3/1/2018  $868.2K
4/1/2018  $881.2K
5/1/2018  $917.4K
6/1/2018  $937.9K
7/1/2018  $943.7K
8/1/2018  $968.8K
9/1/2018  $988.4K

Congrats to those who've reached the double comma club!!!  @NinetyFour and @PNW Lady  Truly inspirational!

Many thanks, @ToughMother !  At your rate, you should get there in just another month!  Very happy for you!!  :)

Bateaux

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Re: 1MM networth by the end of 2018
« Reply #76 on: September 01, 2018, 09:54:39 PM »
I made it!! Now that I hit my NW goal I am moving on to invested assets only. If all goes as planned it should take us 3 years to get to $1M invested assets ($1.5M NW). 

Keep fighting the good fight!

It really isn't until you reach one million invested that you start to think like a millionaire.   A level of confidence sets in.  Crazily your spending may actually start to drop.  I know ours has.  You will also be less tolerant to the crap you may have had to swallow when you were climbing this mountain.   You also start looking around wondering why everyone hasn't done this.

boarder42

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Re: 1MM networth by the end of 2018
« Reply #77 on: September 02, 2018, 06:25:40 AM »
I made it!! Now that I hit my NW goal I am moving on to invested assets only. If all goes as planned it should take us 3 years to get to $1M invested assets ($1.5M NW). 

Keep fighting the good fight!

It really isn't until you reach one million invested that you start to think like a millionaire.   A level of confidence sets in.  Crazily your spending may actually start to drop.  I know ours has.  You will also be less tolerant to the crap you may have had to swallow when you were climbing this mountain.   You also start looking around wondering why everyone hasn't done this.

Rather than looking around and wondering you could be teaching. I hold classes for new hires and interns to discuss financial Independence. And give them the tools they need to make smart decisions jlcollins for how to invest, the mdm investment order, MMM for how to spend wisely. The world's worst market timer. 

I'm also very vocal around friends and family about our goals. This doesn't always lead to immediate acceptance but along time friend recently approached me bc they know I understand this and is now after 5 years, reading about it ditching their advisor maxing their accounts.

If you don't share it's hard to scoff at the ignorant bc this isn't a normal thing.

Dicey

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Re: 1MM networth by the end of 2018
« Reply #78 on: September 02, 2018, 08:24:58 AM »
I made it!! Now that I hit my NW goal I am moving on to invested assets only. If all goes as planned it should take us 3 years to get to $1M invested assets ($1.5M NW). 

Keep fighting the good fight!

It really isn't until you reach one million invested that you start to think like a millionaire.   A level of confidence sets in.  Crazily your spending may actually start to drop.  I know ours has.  You will also be less tolerant to the crap you may have had to swallow when you were climbing this mountain.   You also start looking around wondering why everyone hasn't done this.
♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡
Rather than looking around and wondering you could be teaching. I hold classes for new hires and interns to discuss financial Independence. And give them the tools they need to make smart decisions jlcollins for how to invest, the mdm investment order, MMM for how to spend wisely. The world's worst market timer. 
♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡♡

jgoody

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Re: 1MM networth by the end of 2018
« Reply #79 on: September 03, 2018, 03:28:55 PM »
12/2017:   785K
3/2018:    822K
6/2018:    847K
9/2018:    887K

Well, my "stretch" goal is looking pretty "stretchy" here with only 4 months to go.  Still, it's pretty remarkable to see 100K worth of net worth growth in 9 months.  As much as one can intellectually understand compounding interest and market returns, it's another thing entirely to see your net worth growing much faster than simply the dollars you're setting aside from your paycheck each period.  Pretty awesome!

pecunia

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Re: 1MM networth by the end of 2018
« Reply #80 on: September 03, 2018, 04:13:35 PM »
This was fantastic reading the progress made over the year from all the new millionaires.  Wow!  The enthusiasm shown on these postings certainly encourages one to stay on course. 

PNW Lady:

"It really isn't until you reach one million invested that you start to think like a millionaire.   A level of confidence sets in.  Crazily your spending may actually start to drop.  I know ours has.  You will also be less tolerant to the crap you may have had to swallow when you were climbing this mountain.   You also start looking around wondering why everyone hasn't done this.

Everyone can't.  Good thing too.  If everyone was a "millionaire", then nobody would really be a true "millionaire."  The gained independence would be lost.

Do All you folks feel a certain weight lifted from you?  What's next?  Do you just go for two? How will you determine when it is time to make a course change in our lives?

nonsequitur

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Re: 1MM networth by the end of 2018
« Reply #81 on: September 03, 2018, 05:50:52 PM »
We made it this year (in AUD, not USD).  Psychologically, it's been huge.  The figure includes our down payment for our first home, so maybe it's cheating, but I'm still excited.  And once we actually buy a place, our invested assets will (probably) dip well below 1M$, and we'll be able to do it all over again. 

Dicey

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Re: 1MM networth by the end of 2018
« Reply #82 on: September 04, 2018, 07:47:05 AM »
To answer your last question @pecunia:

All the problems that money can solve seem to disappear. Hint: most of them. It's as if a low-grade static that's been persistently buzzing in the background has suddnly been silenced. My IBL (Inner Bag Lady) seems to have gone on a permanent sabbatical, which is such a relief!

Bateaux

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Re: 1MM networth by the end of 2018
« Reply #83 on: September 04, 2018, 01:12:22 PM »
I made it!! Now that I hit my NW goal I am moving on to invested assets only. If all goes as planned it should take us 3 years to get to $1M invested assets ($1.5M NW). 

Keep fighting the good fight!

It really isn't until you reach one million invested that you start to think like a millionaire.   A level of confidence sets in.  Crazily your spending may actually start to drop.  I know ours has.  You will also be less tolerant to the crap you may have had to swallow when you were climbing this mountain.   You also start looking around wondering why everyone hasn't done this.

Rather than looking around and wondering you could be teaching. I hold classes for new hires and interns to discuss financial Independence. And give them the tools they need to make smart decisions jlcollins for how to invest, the mdm investment order, MMM for how to spend wisely. The world's worst market timer. 

I'm also very vocal around friends and family about our goals. This doesn't always lead to immediate acceptance but along time friend recently approached me bc they know I understand this and is now after 5 years, reading about it ditching their advisor maxing their accounts.

If you don't share it's hard to scoff at the ignorant bc this isn't a normal thing.

I'm just a blue collar worker, who'd listen to me?  Honestly I've tried spreading the message.  Some show interest and some show up the next week with a brand new Corvette.  Most would much rather talk to the note paying Corvette guy than me with an old beater Accord.  They simply can't conceive that my stash makes me thousands of dollars a week.  One guy came right out and asked me how much?  How much you worth?  He started throwing out numbers 500, 400 how much?  I never answered.   I recently told a coworker that it's over 2 million thinking that letting the number out would legitimize my advice.   Opposite effect.  Now they just think I'm a cheapskate. So unless they come to me for advice, I'm done teaching.
« Last Edit: September 04, 2018, 01:14:04 PM by Bateaux »

boarder42

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Re: 1MM networth by the end of 2018
« Reply #84 on: September 04, 2018, 01:15:53 PM »
I made it!! Now that I hit my NW goal I am moving on to invested assets only. If all goes as planned it should take us 3 years to get to $1M invested assets ($1.5M NW). 

Keep fighting the good fight!

It really isn't until you reach one million invested that you start to think like a millionaire.   A level of confidence sets in.  Crazily your spending may actually start to drop.  I know ours has.  You will also be less tolerant to the crap you may have had to swallow when you were climbing this mountain.   You also start looking around wondering why everyone hasn't done this.

Rather than looking around and wondering you could be teaching. I hold classes for new hires and interns to discuss financial Independence. And give them the tools they need to make smart decisions jlcollins for how to invest, the mdm investment order, MMM for how to spend wisely. The world's worst market timer. 

I'm also very vocal around friends and family about our goals. This doesn't always lead to immediate acceptance but along time friend recently approached me bc they know I understand this and is now after 5 years, reading about it ditching their advisor maxing their accounts.

If you don't share it's hard to scoff at the ignorant bc this isn't a normal thing.

I'm just a blue collar worker, who'd listen to me?  Honestly I've tried spreading the message.  Some show interest and some show up the next week with a brand new Corvette.  Most would much rather talk to the note paying Corvette guy than me with an old beater Accord.  They simply can't conceive that my stash makes me thousands of dollars a week.  One guy came right out and asked me how much?  How much you worth?  He started throwing out numbers 500, 400 how much?  I never answered.   I recently told a coworker that it's over 2 million thinking that letting the number out would legitimize my advice.   Opposite effect.  Now they just think I'm a cheapskate. So unless they come to me for advice, I'm done teaching.

yeah much different crowd - i'm in a heavily overpaid white collar job where everyone eventually is looking for something better to do with their money than buy more stuff.

catccc

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Re: 1MM networth by the end of 2018
« Reply #85 on: September 04, 2018, 07:31:40 PM »
Why am I just seeing this?!  I've already made it (twice?!) but FWIW, I started the year at $895,654, and hit $1M on August 9th.  Then that second comma went away a couple days later, and came back again on the 21st.  It's sticking so far.  If it doesn't I'll just plow more cash into the market!  Good luck $1M seekers, I will be back to cheer you on! 

I also have a newfound interest in cutting back on expenses having hit this goal.  This may be because $1M is a lot of $, but for my family, it is not enough to retire on yet.  We spent $56K last year!

Also, I was reading something about rewarding yourself for reaching personal goals, and to make sure your reward isn't counter to that goal... so for instance, if you have a goal to eat healthy and lose weight, and you reach that goal, don't go have a piece of cake to celebrate.  So I guess to celebrate saving money, I will reward myself by saving even more!

boarder42

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Re: 1MM networth by the end of 2018
« Reply #86 on: September 14, 2018, 05:59:18 AM »
So close sitting at 995k when I ignore my corporate card expenses on PC. Won't consider that we made it till I can post that chart with 1MM on it. May go stand on the corner tonight and try to make that extra 5k.

Next week is my first 4 day reduce schedule too. Pretty cool to basically hit both milestones at the same time.

boarder42

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Re: 1MM networth by the end of 2018
« Reply #87 on: September 21, 2018, 07:09:10 AM »
made it to 1MM total networth today 798k invested.  Waiting on PC to update appropriately to see the actual number.  have 3k in CC charges my company owes me and 1k in MS that i havent finished yet.  so showing 995k now but after all that we're 1k over 1MM!

thanks housing market and stock market. i thought this was a huge stretch for us and we blew it out of the water.

Bateaux

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Re: 1MM networth by the end of 2018
« Reply #88 on: September 21, 2018, 07:17:46 AM »
Wooo Hooo!!!!!

Welcome to 2 commas Border42!

ToughMother

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Re: 1MM networth by the end of 2018
« Reply #89 on: September 22, 2018, 07:34:26 PM »
With the market this week, I was wondering if anyone hit the double commas.  Congrats @boarder42 !!! 

Hope to join you shortly.  I've been sitting SO CLOSE at 998.5K this weekend but have a big ol' landscaping bill to pay that will set me back right before nailing it (unless we get lucky with the market on Monday).

Glad someone was able to do it!! ROCK ON!

Dicey

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Re: 1MM networth by the end of 2018
« Reply #90 on: September 23, 2018, 12:23:15 AM »
So close sitting at 995k when I ignore my corporate card expenses on PC. Won't consider that we made it till I can post that chart with 1MM on it. May go stand on the corner tonight and try to make that extra 5k.

Next week is my first 4 day reduce schedule too. Pretty cool to basically hit both milestones at the same time.
Congratulations! Quite an auspicious year for the B42 family.

boarder42

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Re: 1MM networth by the end of 2018
« Reply #91 on: September 23, 2018, 04:43:41 AM »
Thanks everyone. Still want to see the number on PC even though I know we're there so really need the market flat to up this week.

pecunia

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Re: 1MM networth by the end of 2018
« Reply #92 on: September 23, 2018, 11:30:38 AM »
This article is from 2016.

https://www.cnbc.com/2017/03/24/a-record-number-of-americans-are-now-millionaires-new-study-shows.html

It says there were 10.8 millionaires at the end of that year in US.  So, using 3 percent population growth there are probably about 12 million about now.

12 million / 350 million puts the people here in a class of 3.5 percent of the population.  That's one person in 28.  Mustachians are a small minority.

winkleweizen

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Re: 1MM networth by the end of 2018
« Reply #93 on: September 28, 2018, 01:53:32 PM »
1/1/18: 760K
2/1/18: 802K
3/1/18: 805K
4/1/18: 843K
5/1/18: 845K
6/1/18: 885K
7/1/18: 926K
8/1/18: 954K
9/1/18: 989k
10/1/18: 992K

Had to replace a car this month.  Maybe next month.  Keep trucking.

boarder42

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Re: 1MM networth by the end of 2018
« Reply #94 on: September 28, 2018, 02:12:27 PM »
1/1/18: 760K
2/1/18: 802K
3/1/18: 805K
4/1/18: 843K
5/1/18: 845K
6/1/18: 885K
7/1/18: 926K
8/1/18: 954K
9/1/18: 989k
10/1/18: 992K

Had to replace a car this month.  Maybe next month.  Keep trucking.

Probably next week.

winkleweizen

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Re: 1MM networth by the end of 2018
« Reply #95 on: November 03, 2018, 12:45:10 PM »
1/1/18: 760K
2/1/18: 802K
3/1/18: 805K
4/1/18: 843K
5/1/18: 845K
6/1/18: 885K
7/1/18: 926K
8/1/18: 954K
9/1/18: 989k
10/1/18: 992K
11/1/18: 962k

gerardc

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Re: 1MM networth by the end of 2018
« Reply #96 on: November 22, 2018, 03:19:42 PM »
1/1/18: 760K
2/1/18: 802K
3/1/18: 805K
4/1/18: 843K
5/1/18: 845K
6/1/18: 885K
7/1/18: 926K
8/1/18: 954K
9/1/18: 989k
10/1/18: 992K
11/1/18: 962k

My trajectory did similar to yours. Flirted with $1MM then backed down. Guess it's not happening this year.

pecunia

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Re: 1MM networth by the end of 2018
« Reply #97 on: November 22, 2018, 04:02:08 PM »
Optimists say the current economic downturn is temporary.  I've been told that when you invest your savings in a time when the market is down that you are getting "more bang for the buck."  If this is true, if you were at or close to a million before this recent downturn, with additional contributions at this time into VTSAX or similar index fund, you should overshoot it when the economy begins it's rebound.

https://www.fool.com/investing/2018/04/11/how-long-do-stock-market-corrections-last.aspx

It kind of puts a positive spin on the situation.

sisto

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Re: 1MM networth by the end of 2018
« Reply #98 on: November 27, 2018, 09:35:10 AM »
Optimists say the current economic downturn is temporary.  I've been told that when you invest your savings in a time when the market is down that you are getting "more bang for the buck."  If this is true, if you were at or close to a million before this recent downturn, with additional contributions at this time into VTSAX or similar index fund, you should overshoot it when the economy begins it's rebound.

https://www.fool.com/investing/2018/04/11/how-long-do-stock-market-corrections-last.aspx

It kind of puts a positive spin on the situation.
That's what I keep telling myself. I hit $1M in NW last year, but have been part of this challenge to hit it in investments only. A number of events have slowed that process and I'm backsliding. I keep telling myself it's ok because I'm buying on sale. It's just hard to watch it. I know that's irrational because it's not lost unless I have to sell, but it's still hard to watch.

Dicey

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Re: 1MM networth by the end of 2018
« Reply #99 on: November 27, 2018, 04:22:13 PM »
Optimists say the current economic downturn is temporary.  I've been told that when you invest your savings in a time when the market is down that you are getting "more bang for the buck."  If this is true, if you were at or close to a million before this recent downturn, with additional contributions at this time into VTSAX or similar index fund, you should overshoot it when the economy begins it's rebound.

https://www.fool.com/investing/2018/04/11/how-long-do-stock-market-corrections-last.aspx

It kind of puts a positive spin on the situation.
That's what I keep telling myself. I hit $1M in NW last year, but have been part of this challenge to hit it in investments only. A number of events have slowed that process and I'm backsliding. I keep telling myself it's ok because I'm buying on sale. It's just hard to watch it. I know that's irrational because it's not lost unless I have to sell, but it's still hard to watch.
It helps to watch the number of shares you own. They go up even faster when the stock market's "on sale".