Author Topic: Race from $1M to $2M  (Read 532211 times)

Dicey

  • Senior Mustachian
  • ********
  • Posts: 22281
  • Age: 66
  • Location: NorCal
Re: Race from $1M to $2M
« Reply #300 on: October 03, 2017, 07:46:19 PM »
Picture you're racing a bicycle and I'm on the back of an old, paid for, and required for specific work pickup, laying down in the bed with my arm outstretched.  Come on.....you can do it!!!
FTFY.

Seriously, is there a $2M to $3M thread? Is Car Jack the (ring)leader?

ETA: Complete Senior Moment. I could delete these comments, but I think I'll let my "stoopids" stand. Apparently I've been part of the other group for quite some time. It's kinda funny how fast it grows. As in, one can forget what ridiculously privileged category one "belongs" in. I've said it before, and I'll keep saying it: This shit works, man!
« Last Edit: October 03, 2017, 08:01:44 PM by Dicey »

Goldy

  • Bristles
  • ***
  • Posts: 284
Re: Race from $1M to $2M
« Reply #301 on: October 03, 2017, 08:35:17 PM »
Just passed the 1.4 mark (1.28 invested) and logged a 12 month gain of $308k.  If we can keep that annual gain going we might be done sooner than I thought.

Half way mark!  Ticked over 1.5 in September, it's really starting to pick up steam now.

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 8374
  • Age: 62
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Race from $1M to $2M
« Reply #302 on: October 04, 2017, 10:53:04 AM »
Picture you're racing a bicycle and I'm on the back of an old, paid for, and required for specific work pickup, laying down in the bed with my arm outstretched.  Come on.....you can do it!!!
FTFY.

Seriously, is there a $2M to $3M thread? Is Car Jack the (ring)leader?

ETA: Complete Senior Moment. I could delete these comments, but I think I'll let my "stoopids" stand. Apparently I've been part of the other group for quite some time. It's kinda funny how fast it grows. As in, one can forget what ridiculously privileged category one "belongs" in. I've said it before, and I'll keep saying it: This shit works, man!

One great thing about getting older.. You really don't care what other people think.. Probably being wealthy (I don't know what "rich" actually means) helps too..:)

Dicey

  • Senior Mustachian
  • ********
  • Posts: 22281
  • Age: 66
  • Location: NorCal
Re: Race from $1M to $2M
« Reply #303 on: October 04, 2017, 11:10:47 AM »
Haha, thanks, EFB. I guess it depends what you count. We might be in one if I count invested assets and cash only, or another one if I count DH's defined benefit pension plan, including future retirement healthcare, paid-for HCOLA house, equity in rental properties, blah x3. If I look too hard, I might discover we "should" be in yet another group. I know you know what I mean, EFB. <wink>

markbike528CBX

  • Handlebar Stache
  • *****
  • Posts: 1899
  • Location: the Everbrown part of the Evergreen State (WA)
Re: Race from $1M to $2M
« Reply #304 on: October 04, 2017, 12:49:47 PM »
Picture you're racing a bicycle and I'm on the back of an old, paid for, and required for specific work pickup, laying down in the bed with my arm outstretched.  Come on.....you can do it!!!
FTFY.

Seriously, is there a $2M to $3M thread? Is Car Jack the (ring)leader?

ETA: Complete Senior Moment. I could delete these comments, but I think I'll let my "stoopids" stand. Apparently I've been part of the other group for quite some time. It's kinda funny how fast it grows. As in, one can forget what ridiculously privileged category one "belongs" in. I've said it before, and I'll keep saying it: This shit works, man!
Equivalent senior moment trying to be helpful:
Yes there is such a thread https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$2m-to-$3m/ and yes, Car Jack is the ringleader (OP, thread starter).

Dicey

  • Senior Mustachian
  • ********
  • Posts: 22281
  • Age: 66
  • Location: NorCal
Re: Race from $1M to $2M
« Reply #305 on: October 04, 2017, 10:33:16 PM »
Yeah, I'm on that thread, too. Erm. Fortunately,  our stache is big enough that I'm no imposter there. I consider myself in good company, either place.

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 8374
  • Age: 62
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Race from $1M to $2M
« Reply #306 on: October 04, 2017, 11:56:23 PM »
Hehe.. of course I also have 3 three years to catch up..:)

Is any of this relevant?... nope!

farmecologist

  • Pencil Stache
  • ****
  • Posts: 597
Re: Race from $1M to $2M
« Reply #307 on: October 05, 2017, 07:53:16 AM »
Picture you're racing a bicycle and I'm on the back of an old, paid for, and required for specific work pickup, laying down in the bed with my arm outstretched.  Come on.....you can do it!!!
FTFY.

Seriously, is there a $2M to $3M thread? Is Car Jack the (ring)leader?

ETA: Complete Senior Moment. I could delete these comments, but I think I'll let my "stoopids" stand. Apparently I've been part of the other group for quite some time. It's kinda funny how fast it grows. As in, one can forget what ridiculously privileged category one "belongs" in. I've said it before, and I'll keep saying it: This shit works, man!
Equivalent senior moment trying to be helpful:
Yes there is such a thread https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$2m-to-$3m/ and yes, Car Jack is the ringleader (OP, thread starter).


I'm also on the other thread.  However, in my opinion we have only 'partially graduated' there because we are currently counting our paid off house in the calculations.  However, we are getting close to 'full graduation' (investable assets only) possibly sometime late next year.


Bird In Hand

  • Pencil Stache
  • ****
  • Posts: 842
Re: Race from $1M to $2M
« Reply #308 on: October 05, 2017, 08:51:53 AM »
I'm also on the other thread.  However, in my opinion we have only 'partially graduated' there because we are currently counting our paid off house in the calculations.  However, we are getting close to 'full graduation' (investable assets only) possibly sometime late next year.

I like this approach.  I also plan on partially graduating to the other thread by counting NW, and then fully graduating later when investable assets reach $2M.  There might be a year or two difference in the graduation dates -- any longer and it means the markets are pretty flat or falling.

CanuckExpat

  • Magnum Stache
  • ******
  • Posts: 2994
  • Age: 41
  • Location: North Carolina
    • Freedom35
Re: Race from $1M to $2M
« Reply #309 on: October 05, 2017, 02:32:41 PM »
Hit ~$1.0M  in 05/2016 when we sold our house
At  $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016

Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...

And at $1.2M at 1/31/2017

Presumably this particular rally will end sooner or later, it won't be as long as I thought if it keeps up like this (not that I expect it to)

$1.235M for 3/31/2017 at the end of the quarter.
Not bad for not working. I keep saying it can't last much longer!

$1.267M for 6/30/2017 at the end of the second quarter.
Still not working, and we bought a car and had a baby during that time, so apparently the rally kept going..

$1.31M for 10/1/2017 at the end of the third quarter
So this crazy run up hasn't slowed down. Still not working, not much else to report.

bigchrisb

  • Handlebar Stache
  • *****
  • Posts: 1237
Re: Race from $1M to $2M
« Reply #310 on: October 05, 2017, 03:33:41 PM »
I'm also on the other thread.  However, in my opinion we have only 'partially graduated' there because we are currently counting our paid off house in the calculations.  However, we are getting close to 'full graduation' (investable assets only) possibly sometime late next year.

I like this approach.  I also plan on partially graduating to the other thread by counting NW, and then fully graduating later when investable assets reach $2M.  There might be a year or two difference in the graduation dates -- any longer and it means the markets are pretty flat or falling.

I'm in the same boat with you - $2.94m net worth, $500k debt, $1.05m house value.  I'd rather house prices not be so silly in my country (Australia)! At the end of the day, this isn't a competition, so its not about an "absolute" metric, but one that helps drive you towards your own goals.  I think the most important thing is to keep your own metric (inc/ex house equity) consistent, to keep yourself accountable.

brooklynmoney

  • Pencil Stache
  • ****
  • Posts: 707
  • Location: Crooklyn
Re: Race from $1M to $2M
« Reply #311 on: October 05, 2017, 09:16:06 PM »
The portfolio is growing so fast it feels like a runaway train about to careen off the track. Looking at Personal Capital scares me now. I keep thinking how long can this last? Also f-ck I don't want to work anymore haha. My motivation is inversely correlated with market performance.

Timmm

  • 5 O'Clock Shadow
  • *
  • Posts: 41
Re: Race from $1M to $2M
« Reply #312 on: October 07, 2017, 07:06:35 AM »
Hey everyone, I've just read through this thread in the last couple of days. I find a lot of the comments very familiar to my own thoughts, including a little uncertainty in the smartest way to count home equity. I've been regularly tracking our assets and debts for five years, and have the details separated, and occasionally add a new row to my spreadsheet that adds another perspective - total net, net cash only, hypothetical budget for residence if all sold after setting aside enough for 4% swr...

The one I've watched most closely assumes selling rental houses at zillow estimates less 6% commission and paying off our current residence. It's had the smoothest, steadiest curve. Here's a history sample for it:

12/15: 590k
12/16: 1.05M
6/17:   1.25M
10/17: 1.4M

The assets are split roughly evenly in three groups: 401k/IRA, taxable investments, 2 sfh rentals. We probably have a bit more than that in equity in our residence - and it would be pretty decadent to pay it off and stay in it in retirement as the above projects. It's big and expensive, and we will likely sell all the houses and relocate just before retiring. We are considering a variety of retirement locations that are also pretty decadent, but with a smaller size might still cost $500k less than our current.

We still have two young adult children who are still dependent (one just starting college), and we are pretty scared of the potential medical insurance costs, so I expect retirement is a couple of years away. But our savings growth has also been exceeding gross income for a while, so I find it harder and harder to hustle at work.

talltexan

  • Walrus Stache
  • *******
  • Posts: 5344
Re: Race from $1M to $2M
« Reply #313 on: October 10, 2017, 01:18:03 PM »
I just checked mint last time and had the first moment of my life in which I was arguably a millionaire. I'd been lurking here some already because they say you should surround yourself with people you aspire to be like ;-)

Anyway, this wealth came to me despite some bad habits and was mainly because of my super-awesome wife who kicks ass at work. I've decided to try to focus on clearing some debts with any investment gains I have above today. Most of you guys will probably beat me to $2 million, but thanks for including me!

brooklynmoney

  • Pencil Stache
  • ****
  • Posts: 707
  • Location: Crooklyn
Re: Race from $1M to $2M
« Reply #314 on: October 10, 2017, 08:19:03 PM »
Congrats tall Texan welcome to the club!!

Bateaux

  • Handlebar Stache
  • *****
  • Posts: 2314
  • Location: Port Vincent
Re: Race from $1M to $2M
« Reply #315 on: October 10, 2017, 08:49:42 PM »
Welcome aboard Talltexan.  Best of luck.

ysette9

  • Walrus Stache
  • *******
  • Posts: 8930
  • Age: 2020
  • Location: Bay Area at heart living in the PNW
Re: Race from $1M to $2M
« Reply #316 on: October 10, 2017, 09:07:41 PM »
I haven’t posted this thread for a while as I was busy being pregnant and hospitalized and giving birth and buying a house and remodeling a house. Phew! I popped my head up the other day and realized that our invested assets are somewhere around $1.57 even though we took out $200k out of investments to buy a house. It was sad seeing that duo, but we are pleased with what we were able to get. Now there is the scary mortgage debt, but so it goes. On the plus side, I am getting skylights and insulated interior walls. Winning!

Amazing to see the number that high. I hope we can continue to sock it away at a good clip. I feel like we will have to see a good dip in the market before we reach $2M since the market is cyclical. I need to go through a good downturn and have a white-knuckle ride when I have substantial assets, right? Isn’t that how you earn your stripes in the index investing world? :)

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 8374
  • Age: 62
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Race from $1M to $2M
« Reply #317 on: October 10, 2017, 10:55:58 PM »
Yes thats exactly how it goes.. But if you're in the accumulation phase you actually WANT a big market downturn!

If you're FIRED like me.. well, hopefully you have been through enough downturns to be able to survive the next one..:)

mjr

  • Bristles
  • ***
  • Posts: 490
  • Age: 58
  • Location: Brisbane, Qld
  • Retired at 52
Re: Race from $1M to $2M
« Reply #318 on: October 18, 2017, 01:57:38 PM »
My net worth ex-PPOR has been wallowing in the low $1.9m for months with the sharemarket wallowing.  But my salary keeps flowing in and now with the market's recent uptick and October's dividends I suddenly find myself at $1.99m.

A good day in the market or next month's salary will see me there! 

$2m has been "the target" since I crossed $1m in early 2013.  Looks like 2018 will be the retirement year.

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 8374
  • Age: 62
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Race from $1M to $2M
« Reply #319 on: October 18, 2017, 02:03:29 PM »
My net worth ex-PPOR has been wallowing in the low $1.9m for months with the sharemarket wallowing.  But my salary keeps flowing in and now with the market's recent uptick and October's dividends I suddenly find myself at $1.99m.

A good day in the market or next month's salary will see me there! 

$2m has been "the target" since I crossed $1m in early 2013.  Looks like 2018 will be the retirement year.

Woohoo..:)

marty998

  • Walrus Stache
  • *******
  • Posts: 7372
  • Location: Sydney, Oz
Re: Race from $1M to $2M
« Reply #320 on: October 18, 2017, 02:12:21 PM »
You guys are all killing it ☺️

Mine has gone up about 5 grand on account of our market having a 9 day winning streak.

I too can't help but feel we are due for a fall. Starting to see a few ridiculous run ups in small caps and sectors of the market.

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 8374
  • Age: 62
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Race from $1M to $2M
« Reply #321 on: October 21, 2017, 04:30:39 PM »
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)

Plus $525k in pension valuations + paid off house

DavidAnnArbor

  • Handlebar Stache
  • *****
  • Posts: 2266
  • Age: 58
  • Location: Ann Arbor, Michigan
Re: Race from $1M to $2M
« Reply #322 on: October 21, 2017, 07:09:05 PM »
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)

Plus $525k in pension valuations + paid off house

You might have to post in the Race from $2M to $3M group

Bateaux

  • Handlebar Stache
  • *****
  • Posts: 2314
  • Location: Port Vincent
Re: Race from $1M to $2M
« Reply #323 on: October 21, 2017, 07:53:37 PM »
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)

Plus $525k in pension valuations + paid off house

You might have to post in the Race from $2M to $3M group
He's slumming here with us common folk.

JoJoP

  • Bristles
  • ***
  • Posts: 261
Re: Race from $1M to $2M
« Reply #324 on: October 21, 2017, 09:47:43 PM »
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)

Plus $525k in pension valuations + paid off house

Fantastic!  Just let time do its job.

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 8374
  • Age: 62
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Race from $1M to $2M
« Reply #325 on: October 22, 2017, 07:27:05 AM »
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)

Plus $525k in pension valuations + paid off house

You might have to post in the Race from $2M to $3M group
He's slumming here with us common folk.

Hah.. I don't think I could ever regard millionaires as "common folk".. Having $1M in investments is a hell of an achievement (assuming you're not a trust fund baby)...:)

mjr

  • Bristles
  • ***
  • Posts: 490
  • Age: 58
  • Location: Brisbane, Qld
  • Retired at 52
Re: Race from $1M to $2M
« Reply #326 on: October 22, 2017, 05:05:30 PM »
My net worth ex-PPOR has been wallowing in the low $1.9m for months with the sharemarket wallowing.  But my salary keeps flowing in and now with the market's recent uptick and October's dividends I suddenly find myself at $1.99m.

A good day in the market or next month's salary will see me there! 

$2m has been "the target" since I crossed $1m in early 2013.  Looks like 2018 will be the retirement year.

Yaaaaaassssss !!!!

Dicey

  • Senior Mustachian
  • ********
  • Posts: 22281
  • Age: 66
  • Location: NorCal
Re: Race from $1M to $2M
« Reply #327 on: October 22, 2017, 05:31:38 PM »
My net worth ex-PPOR has been wallowing in the low $1.9m for months with the sharemarket wallowing.  But my salary keeps flowing in and now with the market's recent uptick and October's dividends I suddenly find myself at $1.99m.

A good day in the market or next month's salary will see me there! 

$2m has been "the target" since I crossed $1m in early 2013.  Looks like 2018 will be the retirement year.

Yaaaaaassssss !!!!
Congrats! Is that in AUS?

mjr

  • Bristles
  • ***
  • Posts: 490
  • Age: 58
  • Location: Brisbane, Qld
  • Retired at 52
Re: Race from $1M to $2M
« Reply #328 on: October 22, 2017, 05:32:08 PM »
Yes, Australian pesos.  But still.  Thanks!

Llewellyn2006

  • 5 O'Clock Shadow
  • *
  • Posts: 92
  • Location: Australia
Re: Race from $1M to $2M
« Reply #329 on: October 23, 2017, 06:13:13 AM »
We hit 7 figures about 4 weeks ago and it's increased each week since. They say the first million is the hardest - they might just be right.

talltexan

  • Walrus Stache
  • *******
  • Posts: 5344
Re: Race from $1M to $2M
« Reply #330 on: October 23, 2017, 11:58:06 AM »
Those of you who are worried about growth in $$$ to the point that you leave the pool, you still have nine weeks left for charitable contributions for this year to get back under the line.

FireLane

  • Handlebar Stache
  • *****
  • Posts: 1318
  • Age: 41
  • Location: NYC
Re: Race from $1M to $2M
« Reply #331 on: October 23, 2017, 06:48:30 PM »
Dang it! Just as I got here, everyone else is leaving.

Cornbread OMalley

  • Handlebar Stache
  • *****
  • Posts: 2332
  • Location: Kansas
Re: Race from $1M to $2M
« Reply #332 on: October 23, 2017, 09:00:01 PM »
Dang it! Just as I got here, everyone else is leaving.
Don't worry!  I'll be here for awhile!

marty998

  • Walrus Stache
  • *******
  • Posts: 7372
  • Location: Sydney, Oz
Re: Race from $1M to $2M
« Reply #333 on: October 24, 2017, 03:35:52 AM »
Dang it! Just as I got here, everyone else is leaving.
Don't worry!  I'll be here for awhile!

Ahh me too... I'll be here for a while yet.

Well done mjr. Are you on tenterhooks with the ASX creeping up by 1-2 points a day?!?!?

Quite bizarre this level of non-movement in the market the past few days...

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28444
  • Age: -997
  • Location: Seattle, WA
Re: Race from $1M to $2M
« Reply #334 on: October 24, 2017, 12:18:43 PM »
Dang it! Just as I got here, everyone else is leaving.
Don't worry!  I'll be here for awhile!

Ahh me too... I'll be here for a while yet.

Well done mjr. Are you on tenterhooks with the ASX creeping up by 1-2 points a day?!?!?

Quite bizarre this level of non-movement in the market the past few days...

Why are you watching it daily? Especially with it affecting you ("on tenterhooks")?

Is it going to affect your investing in some way?
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

marty998

  • Walrus Stache
  • *******
  • Posts: 7372
  • Location: Sydney, Oz
Re: Race from $1M to $2M
« Reply #335 on: October 26, 2017, 01:27:37 AM »
Dang it! Just as I got here, everyone else is leaving.
Don't worry!  I'll be here for awhile!

Ahh me too... I'll be here for a while yet.

Well done mjr. Are you on tenterhooks with the ASX creeping up by 1-2 points a day?!?!?

Quite bizarre this level of non-movement in the market the past few days...

Why are you watching it daily? Especially with it affecting you ("on tenterhooks")?

Is it going to affect your investing in some way?

I work for a funds management company. Can't escape it even if I tried ;)

RetirementDreaming

  • Stubble
  • **
  • Posts: 120
Re: Race from $1M to $2M
« Reply #336 on: November 02, 2017, 10:21:26 AM »

Getting closer....

11/16 1.0M
5/17 1.2M
8/17 1.28M
10/17 1.34M

CCCA

  • Pencil Stache
  • ****
  • Posts: 631
  • Location: Bay Area, California
  • born before the 80's
    • FI programming
Re: Race from $1M to $2M
« Reply #337 on: November 03, 2017, 02:48:49 PM »
We just blew through the $2M mark(!!) partly because of AAPL, which is at an ATH. 
It is up 57% over the past year (vs 24% for the S&P500). 


It took us about 4 years from when we hit 1M (near the beginning of 2014) to hit $2M.  We saved about $200k in that time, so most of the increase was due to increases in the stock market ($800k). 


Now I'm in the enviable position of trying to unload some AAPL shares in the most tax-efficient manner possible and the plan is to keep most of my assets in index funds.

RetirementDreaming

  • Stubble
  • **
  • Posts: 120
Re: Race from $1M to $2M
« Reply #338 on: November 03, 2017, 02:53:35 PM »
Congrats CCCA!  That is quite an accomplishment.  You graduated.  On to the next race.....

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 8374
  • Age: 62
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Race from $1M to $2M
« Reply #339 on: November 03, 2017, 03:50:56 PM »
Nice..

I bought $100k's worth of AAPL at $88 back in 2008 ... I sold it when I made 20%.. Since then it has split 7 to 1 and is now at about $185.. Oh my if only I'd kept it..:)

CCCA

  • Pencil Stache
  • ****
  • Posts: 631
  • Location: Bay Area, California
  • born before the 80's
    • FI programming
Re: Race from $1M to $2M
« Reply #340 on: November 03, 2017, 11:24:19 PM »
Congrats CCCA!  That is quite an accomplishment.  You graduated.  On to the next race.....
thanks!  Excited to start RE in a few months!


Nice..

I bought $100k's worth of AAPL at $88 back in 2008 ... I sold it when I made 20%.. Since then it has split 7 to 1 and is now at about $185.. Oh my if only I'd kept it..:)
Yeah I sold some earlier too but bought some dips and it's done very well for me over the past decade.

marty998

  • Walrus Stache
  • *******
  • Posts: 7372
  • Location: Sydney, Oz
Re: Race from $1M to $2M
« Reply #341 on: November 07, 2017, 05:35:28 AM »

Revalued the properties on my quarterly schedule (Sep 30). NW now $1,048,400, revised goal of $1,075,000 by the end of the year, which will be a $177k gain for 2017 if it happens.

An apartment identical to my investment property sold for $630,000 a couple of weeks ago. I've decided to revalue mine up to $600k (from $580k). Not much at all in the suburb has sold for under $600k for over 12 months now, so that seems like a solid floor.

NW $1,083k, shooting now for a strong finish to get up to $1.1 by year's end. Then have to start looking at what is possible for 2018!

Zoot

  • Pencil Stache
  • ****
  • Posts: 517
  • Location: USA
Re: Race from $1M to $2M
« Reply #342 on: November 16, 2017, 12:16:11 PM »
Just passed $1M in household net worth (including home equity), so I figured it was time to join this thread!

I'm also participating in the $500K to $1M thread, as I won't feel like a capital-m Millionaire until my account balances hit $1M not counting home equity.  :)  That story is here:
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg1774470/#msg1774470

Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity).  It took 19 years to get here--let's see how long it takes to do it again.  They say your first million is the hardest, right?  ;-)

Bateaux

  • Handlebar Stache
  • *****
  • Posts: 2314
  • Location: Port Vincent
Re: Race from $1M to $2M
« Reply #343 on: November 16, 2017, 07:09:39 PM »
Good job Zoot.  You're nearly there.  No doubt the first million is the toughest, in fact you're way past the tough part.

Cornbread OMalley

  • Handlebar Stache
  • *****
  • Posts: 2332
  • Location: Kansas
Re: Race from $1M to $2M
« Reply #344 on: November 16, 2017, 11:17:25 PM »
Just passed $1M in household net worth (including home equity), so I figured it was time to join this thread!
Welcome aboard, Zoot!

marty998

  • Walrus Stache
  • *******
  • Posts: 7372
  • Location: Sydney, Oz
Re: Race from $1M to $2M
« Reply #345 on: November 17, 2017, 03:15:34 PM »
Just passed $1M in household net worth (including home equity), so I figured it was time to join this thread!

I'm also participating in the $500K to $1M thread, as I won't feel like a capital-m Millionaire until my account balances hit $1M not counting home equity.  :)  That story is here:
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg1774470/#msg1774470

Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity).  It took 19 years to get here--let's see how long it takes to do it again.  They say your first million is the hardest, right?  ;-)

First million is the hardest, but I wouldn't know better as I haven't got to 2 yet :)

farmecologist

  • Pencil Stache
  • ****
  • Posts: 597
Re: Race from $1M to $2M
« Reply #346 on: November 19, 2017, 10:10:26 AM »
Just passed $1M in household net worth (including home equity), so I figured it was time to join this thread!

I'm also participating in the $500K to $1M thread, as I won't feel like a capital-m Millionaire until my account balances hit $1M not counting home equity.  :)  That story is here:
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg1774470/#msg1774470

Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity).  It took 19 years to get here--let's see how long it takes to do it again.  They say your first million is the hardest, right?  ;-)


First million is the hardest, but I wouldn't know better as I haven't got to 2 yet :)

I'll vouch for the 2nd M being far easier.  However, part of that might be an artifact of luck...that is, coinciding the accumulation phase to this incredible bull market.



Exflyboy

  • Walrus Stache
  • *******
  • Posts: 8374
  • Age: 62
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Race from $1M to $2M
« Reply #347 on: November 19, 2017, 11:58:27 AM »
I agree.. I suspect the bull is on its last legs so accumulation for all of us will likely slow from here.. Nobody really knows though.

Car Jack

  • Handlebar Stache
  • *****
  • Posts: 2141
Re: Race from $1M to $2M
« Reply #348 on: November 21, 2017, 07:36:44 AM »
First million was the easiest for me.  Why?  I never added up my investments until I was at about $1.5M.  It was a surprise to me since the wife and I had small accounts scattered all over the galaxy.  None were very big but there were a lot of them.  It's also why I did well during the 08 downturn.  I didn't even know my Fidelity password.  I had moved an old, big 401k to an IRA and half of the money was sitting in a money market account for years.  Since those years were 07, 08, 09, it worked out fine.

Bateaux

  • Handlebar Stache
  • *****
  • Posts: 2314
  • Location: Port Vincent
Re: Race from $1M to $2M
« Reply #349 on: November 21, 2017, 08:50:22 AM »
First million was the easiest for me.  Why?  I never added up my investments until I was at about $1.5M.  It was a surprise to me since the wife and I had small accounts scattered all over the galaxy.  None were very big but there were a lot of them.  It's also why I did well during the 08 downturn.  I didn't even know my Fidelity password.  I had moved an old, big 401k to an IRA and half of the money was sitting in a money market account for years.  Since those years were 07, 08, 09, it worked out fine.

Car Jack!  Get outta here!   Carry your arse back to your own thread.  This place is for us commoners in the 1-2 race.

;)