Author Topic: Race from $1M to $2M  (Read 87829 times)

Bateaux

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Re: Race from $1M to $2M
« Reply #450 on: January 12, 2018, 08:18:33 AM »
HD is on FIRE!  Wow! 
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
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Exflyboy

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Re: Race from $1M to $2M
« Reply #451 on: January 14, 2018, 05:58:21 PM »
Hi folks! Back to being the poorest guy in the thread. But hey, after this thread I'm done with this "race" business!

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34

Nice job.. Yeah I hear ya.. I'll be done with racing at $3M.. No.. Make that 4, ok maybe $5m...:)

DavidAnnArbor

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Re: Race from $1M to $2M
« Reply #452 on: January 14, 2018, 06:16:27 PM »
There needs to be a "Race from $3M to $5M thread"

ozbeach

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Re: Race from $1M to $2M
« Reply #453 on: January 14, 2018, 11:31:30 PM »
I joined the double-comma club at close of trading today when my LNW reached AU$1,002,455 (full NW is ~AU$1.6M but I only look at liquid for SWR calcs).

This is my FIRE number so unless I OMY for ten years running or something extraordinary happens I can't see myself ever reaching the end of this race, but just happy to be here :)
FIREd @ 52

wkumtrider

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Re: Race from $1M to $2M
« Reply #454 on: January 16, 2018, 10:38:58 AM »
As of Jan 2018 I am officially a millionaire!  $1,003,080 net worth.   Working toward $2 million. 

couponvan

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Re: Race from $1M to $2M
« Reply #455 on: January 16, 2018, 01:18:44 PM »
Joining at the 1/2 way pit stop....$1.5 as of 12/31/17!
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




Bateaux

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Re: Race from $1M to $2M
« Reply #456 on: January 16, 2018, 01:45:14 PM »
Welcome aboard new 7 figure members.  Looking forward to your input and stories.  Well done.
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
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Heavenbound

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Re: Race from $1M to $2M
« Reply #457 on: January 17, 2018, 11:49:27 AM »
Hello!  Long time lurker yadda yadda.  I'm currently doing this race with you all.  $1.69M as of 1/10/2018.  Here's to a great 2018 everyone!

beeboy

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Re: Race from $1M to $2M
« Reply #458 on: January 17, 2018, 02:38:51 PM »
Hello all.

It was recommended to me from Couponvan that I join this thread. I'm currently at about 1.4 mil in invested assets (a mix of a brokerage account, annuity, REIT, 401K, cash and savings). Much of my gains lately have been thanks to the unbelievable stock market and I'm hoping to hit 2 mil within four years at which point I'll consider myself FIRE-D at 48 (I'm currently 44). Happy to be here and add to the discussion or answer any questions.

Exflyboy

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Re: Race from $1M to $2M
« Reply #459 on: January 17, 2018, 02:59:49 PM »
Welcome to you both. Its awesome to see people successfully surfing ahead of the wave.. and getting further and further ahead of it by doing almost nothing..:)

aspiringnomad

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Re: Race from $1M to $2M
« Reply #460 on: January 17, 2018, 06:10:24 PM »
6/30/17: 1.002 million, two months shy of my 35th birthday
1/17/18: 1.219 million, 4.5 months after my 35th birthday

Feels like this crazy market has put things into hyperdrive. Hoping I've got enough buffer to remain in the two comma club through the next correction, but who knows?

beeboy

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Re: Race from $1M to $2M
« Reply #461 on: January 18, 2018, 10:18:31 AM »
Welcome to you both. Its awesome to see people successfully surfing ahead of the wave.. and getting further and further ahead of it by doing almost nothing..:)

Thanks Exflyboy. It was certainly quite a looong journey from 0 to 1 million. Thought I would never get there. Hoping the 2nd is much easier and faster, which I hear it is (knock on wood).

couponvan

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Re: Race from $1M to $2M
« Reply #462 on: January 18, 2018, 10:40:14 AM »
Welcome to you both. Its awesome to see people successfully surfing ahead of the wave.. and getting further and further ahead of it by doing almost nothing..:)

Thanks Exflyboy. It was certainly quite a looong journey from 0 to 1 million. Thought I would never get there. Hoping the 2nd is much easier and faster, which I hear it is (knock on wood).

The first $1.0 MM took just over 40 years. The second $.5 took around 5.  I'd say the curve is speeding up....That's a good thing!
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




Exflyboy

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Re: Race from $1M to $2M
« Reply #463 on: January 18, 2018, 11:57:17 AM »
Yes same here.. second million took 4.5 years.. Of course a raging bull market helped.

Maybe my third one will be here in 2 years eh?.. :)

Jantoven

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Re: Race from $1M to $2M
« Reply #464 on: January 18, 2018, 02:06:15 PM »
Yes same here.. second million took 4.5 years.. Of course a raging bull market helped.

Maybe my third one will be here in 2 years eh?.. :)

Bull market + compound interest = victory!  😬

JoJoP

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Re: Race from $1M to $2M
« Reply #465 on: January 18, 2018, 04:18:53 PM »
Welcome to you both. Its awesome to see people successfully surfing ahead of the wave.. and getting further and further ahead of it by doing almost nothing..:)

Thanks Exflyboy. It was certainly quite a looong journey from 0 to 1 million. Thought I would never get there. Hoping the 2nd is much easier and faster, which I hear it is (knock on wood).

The first $1.0 MM took just over 40 years. The second $.5 took around 5.  I'd say the curve is speeding up....That's a good thing!

Welcome to both of you. It does seem like it just gets easier.  The more you've got the more ducats that are earning more ducats.   It's a very cool snowball.

ShadowRegent

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Re: Race from $1M to $2M
« Reply #466 on: January 22, 2018, 06:35:28 PM »
Back to being the poorest guy in the thread.

Nope, that would be me!  Wasn't planning to make it here so soon, but with the recent market gains, I've somehow stumbled my way over here (at least until a correction comes along)!

1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)

couponvan

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Re: Race from $1M to $2M
« Reply #467 on: January 22, 2018, 07:08:29 PM »
Back to being the poorest guy in the thread.

Nope, that would be me!  Wasn't planning to make it here so soon, but with the recent market gains, I've somehow stumbled my way over here (at least until a correction comes along)!

1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)
Damn....whatever it is you are doing, keep it up - talk about a sprint!!
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




ShadowRegent

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Re: Race from $1M to $2M
« Reply #468 on: January 22, 2018, 07:31:57 PM »
Damn....whatever it is you are doing, keep it up - talk about a sprint!!

I got incredibly lucky and was able to pull myself out of debt quickly.  After that, I was too afraid of squandering that luck to continue to make bad financial decisions.

Cornbread OMalley

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Re: Race from $1M to $2M
« Reply #469 on: January 22, 2018, 10:00:35 PM »
Nope, that would be me!  Wasn't planning to make it here so soon, but with the recent market gains, I've somehow stumbled my way over here...
lol.  Welcome aboard!

fmzip

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Re: Race from $1M to $2M
« Reply #470 on: January 23, 2018, 09:51:43 AM »
The race is on, just crossed the first line yesterday, not to shabby for a high school grad. Hoping for $2M in 12 mores years at 63. If not, I am done with the grind regardless :)

« Last Edit: January 23, 2018, 09:54:05 AM by fmzip »
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HappierAtHome

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Re: Race from $1M to $2M
« Reply #471 on: January 24, 2018, 12:32:11 AM »
$1.06M now. Progress is slower as we're cutting our income (both going to work 0.6FTE). Should be worth it though :-)

Exflyboy

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Re: Race from $1M to $2M
« Reply #472 on: January 24, 2018, 09:57:12 AM »
Awesome.. congratulations..:)

ozbeach

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Re: Race from $1M to $2M
« Reply #473 on: January 24, 2018, 11:32:52 AM »
$1.06M now. Progress is slower as we're cutting our income (both going to work 0.6FTE). Should be worth it though :-)

Congratulations HaH - hopefully the market will do more of the work for you now and you can cut back that 0.6 FTE even further!
FIREd @ 52

HappierAtHome

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Re: Race from $1M to $2M
« Reply #474 on: January 24, 2018, 04:16:12 PM »
$1.06M now. Progress is slower as we're cutting our income (both going to work 0.6FTE). Should be worth it though :-)

Congratulations HaH - hopefully the market will do more of the work for you now and you can cut back that 0.6 FTE even further!

Our employers won't let us work less than 0.6FTE! I suspect as we get closer to FIRE one of us will quit work entirely while the other one works 0.6FTE. Which sounds like a great setup to me!

Fomerly known as something

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Re: Race from $1M to $2M
« Reply #475 on: January 27, 2018, 06:41:34 AM »
Whiplash to $1.4M total and over $1M in mutual funds.  Heck I'm still shaking my head that even when I spend money my NW goes up.


Thriller

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Re: Race from $1M to $2M
« Reply #476 on: January 27, 2018, 11:02:06 AM »
Joining the race as well. 

We didn’t start really tracking this until March of last year.

NW 3/2017: $855K
NW 1/2018: $ 1,126K (+24%)

Hoping to knock out the 2nd mortgage in the next 6 months and have the primary as the only liability on our balance sheet.

It’s been fun to go back read this thread all the way through.

Bateaux

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Re: Race from $1M to $2M
« Reply #477 on: January 27, 2018, 11:55:38 AM »
Joining the race as well. 

We didn’t start really tracking this until March of last year.

NW 3/2017: $855K
NW 1/2018: $ 1,126K (+24%)

Hoping to knock out the 2nd mortgage in the next 6 months and have the primary as the only liability on our balance sheet.

It's going to rocket higher from here.

It’s been fun to go back read this thread all the way through.
 
My apologies, I've been whining and crying on this thread for years.   1969k currently.  Don't look back.  Good luck.
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
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JoJoP

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Re: Race from $1M to $2M
« Reply #478 on: January 28, 2018, 11:23:33 AM »
Back to being the poorest guy in the thread.

Nope, that would be me!  Wasn't planning to make it here so soon, but with the recent market gains, I've somehow stumbled my way over here (at least until a correction comes along)!

1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)

Wow, look what you did between 2013 and 2016.  That's impressive.   Welcome.

Exflyboy

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Re: Race from $1M to $2M
« Reply #479 on: January 28, 2018, 12:06:10 PM »
Thats a very impressive run.. Well done.

Arbitrage

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Re: Race from $1M to $2M
« Reply #480 on: January 30, 2018, 01:40:05 PM »
We'll see if I RE before this race is done.  I hope so; might require a couple of facepunches to reduce our budget further (biggest offenders are food, gifts for kids - ours and others).

I'm including home equity; planning to sell the house and move to a lower COLA.

12/2011: $244k
12/2012: $344k
12/2013: $446k
12/2014: $541k
12/2015: $674k
12/2016: $822k
12/2017: $1071k
1/2018:  $1092k or so after today's drop


FOBStash

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Re: Race from $1M to $2M
« Reply #481 on: January 30, 2018, 06:30:09 PM »
We hit 2M in the New Year thanks to increased income, a bit of real estate equity run-up and the raging stock market (although haven't done the calculations today when the DOW dropped). Still pinching ourselves as we started as immigrants in the US with about $5K with 2 years work experience in our home country before moving here. Took 13 years to $1M and 3 years to get to $2M. Made a lot of mistakes along the way.

Our goal is 2.5M with paid off house since we live in VHCOL area and all our family is here. Probably going with FAT Fire as we luckily enjoy our jobs - for now. Celebrated by eating out at the local Pho Noodle house.

2004 - ~$5K
2006 - $66K
...too scared to look at balances when Great Recession hit
2009 - $450K
2013 - $760K
2014 - $900K (started to double down and get serious with MMM and Bogleheads)
2015 - $1.2M
2016 - $1.5M
2017 - $1.93M
Jan 2018 - $2.045M
« Last Edit: January 30, 2018, 06:35:16 PM by FOBStash »
almost FI....so much less stress!

Zoot

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Re: Race from $1M to $2M
« Reply #482 on: February 01, 2018, 06:20:03 AM »
First day of a new month--time for another update!  :)

MonthLiquidNet Worth
Jan-17
$604K
$883K
Feb-17$622K$905K
Mar-17$651K$930K
Apr-17$660K$939K
May-17$675K$954K
Jun-17$694K$967K
Jul-17$717K$991K
Aug-17$721K$1,000K
Sep-17$738K$1,007K
Oct-17$762K$1,033K
Nov-17$782K$1,055K
Dec-17$796K$1,058K
Jan-18$836K$1,095K

How can it POSSIBLY be that our net worth rose $37K this month--or, even more mind-boggling, that our investment accounts rose by $40K?  It still boggles my mind. 

Yes, we added our usual ~$7K through savings in tax-deferred accounts, employer match, and post-tax savings, so I suppose that made our actual investment account GAIN "only" $33K.  Still--wow.

We made another payment of 7K to our contractors on our home renovations (we'll pay the last $1K next month and will be done with that for a while).

Here's to a successful February for everybody!

(posting also in the $500K to $1M thread for investments)

TempusFugit

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Re: Race from $1M to $2M
« Reply #483 on: February 01, 2018, 12:36:28 PM »
The January numbers are in, and they look good. 

                 LNW      TNW
Jan 2018 - 846K  /  987K 
Feb 2018 - 880K /  1.02M     

+33K on the year so far. 

I'm trying to prepare psychologically for the downturn.  It could be ugly after such a run up. 

But.. I bet the market will be higher 5 years from now than it is today.   

Herbert Derp

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Re: Race from $1M to $2M
« Reply #484 on: February 01, 2018, 10:19:17 PM »
$93K for the month of January! Pretty sure this is my best month ever!

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
« Last Edit: February 01, 2018, 10:55:09 PM by Herbert Derp »

MishMash

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Re: Race from $1M to $2M
« Reply #485 on: February 02, 2018, 08:38:53 AM »
Some how increased 100k this month....all gains.  It's starting to scare me a little bit. But heck, another 10% boost and we'll clear 2m

Bateaux

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Re: Race from $1M to $2M
« Reply #486 on: February 02, 2018, 10:31:01 PM »
Got within 31K of the 2M club.  With the 666 selloff much farther away now.
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
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talltexan

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Re: Race from $1M to $2M
« Reply #487 on: February 05, 2018, 08:30:03 AM »
A robust bear market might knock me out of this group. It's been nice being with you guys!

Bateaux

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Re: Race from $1M to $2M
« Reply #488 on: February 05, 2018, 04:41:25 PM »
A robust bear market might knock me out of this group. It's been nice being with you guys!

Shake it off Texan.  You should know being from Texas bull riding comes with some falls.  Keep with your plan and you'll forget all about this dip when the bull charges again.  Yah Hoo!
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
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Exflyboy

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Re: Race from $1M to $2M
« Reply #489 on: February 05, 2018, 06:02:35 PM »
Haha.. I'm back into this group from above..:)

brooklynmoney

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Re: Race from $1M to $2M
« Reply #490 on: February 05, 2018, 08:51:57 PM »
Welcome back exflyboy!

Exflyboy

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Re: Race from $1M to $2M
« Reply #491 on: February 05, 2018, 10:16:09 PM »
Thanks.. I think a few more might be coming with me..:)

I'm about 1.5 new Tesla's down!

Bateaux

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Re: Race from $1M to $2M
« Reply #492 on: February 05, 2018, 10:53:43 PM »
Like I saw in another thread.  Isn't it great to be able to lose tens of thousands, hell hundreds of thousands in a few days and joke about it?  We've seen these bumps hit over and over on this journey and aren't easily shaken out. 
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
 ― Antoine de Saint Exupery-

Class of 2020

Exflyboy

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Re: Race from $1M to $2M
« Reply #493 on: February 06, 2018, 12:19:33 AM »
Well exactly!.. How does one actually drive 1.5 Tesla's at the same time anyway?..:)

Actually for those of us who have been through the 2008 bloodbath and realised that we not only lived through it..but was the time we made most of our money!.. well shoot.. Bring it on..:)

markbike528CBX

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Re: Race from $1M to $2M
« Reply #494 on: February 06, 2018, 07:21:22 AM »
Well exactly!.. How does one actually drive launch 1.5 Tesla's at the same time anyway?..:)

.... shoot.. Bring it on..:)

Edit for relevance...

https://www.reddit.com/r/spacex/comments/7vghiw/falcon_heavy_launches_to_mars_orbit_tomorrow_if/

couponvan

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Re: Race from $1M to $2M
« Reply #495 on: February 06, 2018, 08:10:21 AM »
Thanks.. I think a few more might be coming with me..:)

I'm about 1.5 new Tesla's down!
3's or X's....? ;-)
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




beeboy

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Re: Race from $1M to $2M
« Reply #496 on: February 06, 2018, 02:22:37 PM »
Like I saw in another thread.  Isn't it great to be able to lose tens of thousands, hell hundreds of thousands in a few days and joke about it?  We've seen these bumps hit over and over on this journey and aren't easily shaken out.

Bateaux - I definitely wouldn't call it "great". LOL! But, I know what you're saying. :0)

dogboyslim

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Re: Race from $1M to $2M
« Reply #497 on: February 06, 2018, 02:49:00 PM »
I'm down $86k.  Boo.  In good news though, I had a buy order that was delayed to Monday instead of Friday, so I will got the Monday close price.  At least I've got that going for me!  :)

brooklynmoney

  • Bristles
  • ***
  • Posts: 383
  • Location: Crooklyn
Re: Race from $1M to $2M
« Reply #498 on: February 06, 2018, 09:21:23 PM »
I don’t know or care how much I’m down but I am investing my end if Year bonus daily! Of course my inner worrier is hoping I’m not catching s falling knife but my rational side has prevailed

Dicey

  • Walrus Stache
  • *******
  • Posts: 7742
  • Age: 60
  • Location: NorCal
Re: Race from $1M to $2M
« Reply #499 on: February 06, 2018, 09:34:43 PM »
Haha.. I'm back into this group from above..:)
Haha, why do I not believe you?
I did it! I have a journal!
A Lot Like This
And hell yes, I am still moving confidently in the direction of my dreams...