Author Topic: Race from $1M to $2M  (Read 534210 times)

Arbitrage

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Re: Race from $1M to $2M
« Reply #1500 on: April 30, 2021, 04:43:25 PM »
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
1/1/20: $1.049M / 1.531M
4/1/20: $810k / 1.278M
7/1/20: $1.042M / 1.524M
10/1/20: $1.138M / 1.641M
1/1/21: $1.370M / 1.883M
2/1/21: $1.392M / 1.914M
3/1/21: $1.451M / 1.973M
4/1/21: $1.434M / 2.010M
5/1/21: $1.476M / 2.053M

Money seems like it's leaking out of every orifice to fix up - and own - our two houses (one to live in, one to prep for sale).  Market continues to give back, though; it's mostly been a matter of managing our cash flow and taxes.

Finntastic

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Re: Race from $1M to $2M
« Reply #1501 on: May 01, 2021, 12:47:02 AM »
Nov 2020 - 864k$
Dec 2020 - 956k$
Jan 2021 - 1.19m$
Feb 2021 - 1.23m$
Mar 2021 - 1.28m$
Apr 2021 - 1.35m$*
*mainly up thanks to crypto's

814 Days to FIRE (my 1,000 days challenge)
« Last Edit: May 01, 2021, 12:49:12 AM by Finntastic »

Trifle

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Re: Race from $1M to $2M
« Reply #1502 on: May 01, 2021, 03:49:09 AM »
Another great month.  Stash is growing even though we're FIREd and doing a massive house reno.  Crazy!   
               
                 LNW   /  TNW
4/1/21     $1,004 / $1,673
5/1/21     $1,027 / $1,737

on the road

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Re: Race from $1M to $2M
« Reply #1503 on: May 01, 2021, 07:25:55 AM »
Liquid net worth


Aug 2020     $1,217K
Sep 2020     $1,260K
Oct 2020     $1,265K
Nov 2020     $1,253K
Dec 2020     $1,375K
Jan 2021     $1,428K
Feb 2021     $1,463K
Mar 2021     $1,501K
Apr 2021     $1,720K
May 2021     $1,793K

asauer

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Re: Race from $1M to $2M
« Reply #1504 on: May 01, 2021, 08:12:32 AM »
Monthly update:
All numbers exclude house value and 529 accounts
Jan 1 2021: 1,145k
Feb 1 2021: 1,173k
March 1, 2021: 1,200k
April 1, 2021: 1,268k
May 1, 2020: 1,328k

We’re now just over the point where I can FIRE (hubs wants to work for another 7 years).  So, I will likely bounce sometime this summer.  I’m now just working to top up our charity fund and vacation fund.

dandarc

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Re: Race from $1M to $2M
« Reply #1505 on: May 02, 2021, 09:17:16 AM »
Date          TotalNW   Stache Only
Nov 12 2020 - 1.001M    0.953M
Jan 01 2021 - 1.061M    1.026M
Feb 01 2021 - 1.061M    1.023M
Mar 05 2021 - 1.081M    1.048M
Apr 02 2021 - 1.139M    1.099M
May 02 2021 - 1.173M    1.132M

Highwater mark: Apr 27 2021 - 1.181M Total, 1.139M Stache


Starting coast-FIRE Monday - should still be enough income to invest some, but will be lower on the new-money front than we've become accustomed to.

omachi

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Re: Race from $1M to $2M
« Reply #1506 on: May 02, 2021, 11:54:40 AM »
I guess I'm graduating from this thread, less than three years after joining it. Not that I've done much more than lurk. I guess the first million really is the hard one. Didn't really think I'd get to this point, but life is full of surprises. Nice when they're good surprises.

Best of luck to everybody here, though if you're here I'd hardly say you need it.

OurTown

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Re: Race from $1M to $2M
« Reply #1507 on: May 03, 2021, 07:34:48 AM »
Bought wife a car so my number will likely go down next month.  13 down financed 12.

talltexan

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Re: Race from $1M to $2M
« Reply #1508 on: May 06, 2021, 01:19:06 PM »
Total Net Worth (in thousands)

April 2021 = $1,004

@OurTown , I saw your post announcing you've joined the double-comma club, and I saw your profile picture, which reminded me of LittleFinger's excellent "The Climb is all there is" speech from season III of "Game of Thrones".
« Last Edit: May 06, 2021, 01:33:26 PM by talltexan »

leighb

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Re: Race from $1M to $2M
« Reply #1509 on: May 08, 2021, 09:43:30 AM »

2014: 512K
2015: 467K
2016: 514K
2017: 632K
2018: 697K
2019: 915K
2020: 1052K
-------------
1/21: 1.14M
2/21: 1.16M
3/21: 1.17M
4/21: 1.25M
5/21: 1.26M

1.2 million was my earlier goal. But it now seems like I'm moving the goal post.

TempusFugit

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Re: Race from $1M to $2M
« Reply #1510 on: May 08, 2021, 10:05:35 AM »

2014: 512K
2015: 467K
2016: 514K
2017: 632K
2018: 697K
2019: 915K
2020: 1052K
-------------
1/21: 1.14M
2/21: 1.16M
3/21: 1.17M
4/21: 1.25M
5/21: 1.26M

1.2 million was my earlier goal. But it now seems like I'm moving the goal post.

Lol funny how that happens, isn't it?  2 years ago I was thinking 1.5M would be just about right, and now that Im basically there, I can’t believe how I ever thought that would be enough! 

aetheldrea

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Re: Race from $1M to $2M
« Reply #1511 on: May 08, 2021, 10:21:29 AM »
I started tracking finances in Quicken in 1998. Lowest net worth was a few years later at around -$20,000 when I added in student loans. First became eligible to join this club late 2016. Today is the first day showing over $2,000,000. Although normal fluctuations are likely to bounce me below this milestone several times, I'm going to call it today and say that I have graduated out of this club.

TempusFugit

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Re: Race from $1M to $2M
« Reply #1512 on: May 08, 2021, 10:27:36 AM »
I started tracking finances in Quicken in 1998. Lowest net worth was a few years later at around -$20,000 when I added in student loans. First became eligible to join this club late 2016. Today is the first day showing over $2,000,000. Although normal fluctuations are likely to bounce me below this milestone several times, I'm going to call it today and say that I have graduated out of this club.

Congratulations!   Quite an achievement

Lady Stash

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Re: Race from $1M to $2M
« Reply #1513 on: May 08, 2021, 09:35:41 PM »
The markets have been good to me and I'm in this group now too!  Can't believe it.

Invested Assets: 1,200K
Total Net Worth: 2,000K (with paid for house)

aetheldrea

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Re: Race from $1M to $2M
« Reply #1514 on: May 08, 2021, 09:42:54 PM »
I started tracking finances in Quicken in 1998. Lowest net worth was a few years later at around -$20,000 when I added in student loans. First became eligible to join this club late 2016. Today is the first day showing over $2,000,000. Although normal fluctuations are likely to bounce me below this milestone several times, I'm going to call it today and say that I have graduated out of this club.

Congratulations!   Quite an achievement
Thanks! But it doesn’t really feel like I have done much to earn it. My progress through this race was fueled by about 20% automated savings and 80% S&P500 index funds.

leighb

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Re: Race from $1M to $2M
« Reply #1515 on: May 09, 2021, 10:14:43 AM »


1.2 million was my earlier goal. But it now seems like I'm moving the goal post.

Lol funny how that happens, isn't it?  2 years ago I was thinking 1.5M would be just about right, and now that Im basically there, I can’t believe how I ever thought that would be enough!

I'm sure moving the goal is a common experience for folks in this club. In so many ways I'm not ready or wanting to retire. Money's a part of it. 

caracarn

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Re: Race from $1M to $2M
« Reply #1516 on: May 10, 2021, 08:16:08 AM »
                       2014                2015                2016                2017                2018                2019                2020                2021                2022               
January$-$292,190$304,411$437,806$581,831$615,789$767,806$941,921-
February$-$332,002$331,197$162,424$585,663$662,207$735,649$961,753-
March$-$332,209$331,749$481,340$583,773$683,014$683,851$992,700-
April$-$336,743$260,548$483,994$582,862$719,849$734,510$1,031,674-
May$256,131$338,884$373,153$483,982$585,929$701,938$760,661--
June$258,642$321,529$377,807$490,951$590,577$731,170$777,705--
July$276,381$320,767$414,764$503,706$601,024$721,753$819,352--
August$296,700$313,896$405,676$513,111$606,442$686,503$860,605--
September$290,244$301,079$422,204$525,158$610,690$698,968$868,597--
October$274,986$308,291$413,967$533,760$585,817$577,615$868,808--
November$282,762$308,558$419,572$549,074$595,773$620,036$910,235--
December$292,942$312,281$431,458$557,941$575,877$760,501$940,128--

Barry Manilow playing in the background.    "Looks like we made it........." 

Hope it sticks.

dandarc

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Re: Race from $1M to $2M
« Reply #1517 on: May 10, 2021, 10:12:28 AM »
Congratulations and that is some impressive tablizing!

OurTown

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Re: Race from $1M to $2M
« Reply #1518 on: May 10, 2021, 10:37:19 AM »
Total Net Worth (in thousands)

April 2021 = $1,004

@OurTown , I saw your post announcing you've joined the double-comma club, and I saw your profile picture, which reminded me of LittleFinger's excellent "The Climb is all there is" speech from season III of "Game of Thrones".

Ironically we are rewatching the series and we just saw that episode again.

mizzourah2006

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Re: Race from $1M to $2M
« Reply #1519 on: May 11, 2021, 12:40:23 PM »
Jan. 2016: $181.7k
Jan. 2017: $249.5k
Jan. 2018: $377.3k
Jan. 2019: $499.2k
Jan. 2020: $710.5k

This year:
Jan. 2021: $1,055.8k
Feb. 2021: $1,082.5k
Mar. 2021: $1,166k
April 2021: $1,236k

Dicey

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Re: Race from $1M to $2M
« Reply #1520 on: May 11, 2021, 10:08:08 PM »
This is one of my favorite threads. Congratulations to all the recent graduates and to the new members taking their place.

alcon835

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Re: Race from $1M to $2M
« Reply #1521 on: May 12, 2021, 06:19:09 AM »
This is one of my favorite threads. Congratulations to all the recent graduates and to the new members taking their place.

Agreed, it is amazing to see folks hit the two comma club, to grow up in it so quickly, and to move on to a stash growing bigger and faster than they ever imagined.

What a time to be alive! What a place that we can celebrate such cool things.

marty998

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Re: Race from $1M to $2M
« Reply #1522 on: May 25, 2021, 02:16:09 AM »
Little update - I'm now up over $200k since the start of the year to $1,795,000.

Had tenants move out of one of my IP's this month, three weeks of vacancy so there'll be a little bit of a dent in the cash flow this month. But the new tenants who signed today will be paying $820 a week, so there's a nice little future $20 a week "pay rise".

Was able to go in and have good look at the property for the first time too... it needs a good renovation (carpets, paint, walls, kitchen... basically everything except the bathrooms), so that'll be the next thing to tackle if/when this new tenancy comes to an end. If I do it up well (for say $50k) is should add a good 150-200k to the valuation, and increase the rent potential to over $1000 a week.

Race to $2m feels like it's entering a final downhill stretch now :)


OurTown

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Re: Race from $1M to $2M
« Reply #1523 on: May 28, 2021, 05:57:23 AM »
Total Net Worth (in thousands)

April 2021 = $1,004
May 2021 = $1,070
June 2021 = $1,054

ShadowRegent

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Re: Race from $1M to $2M
« Reply #1524 on: May 29, 2021, 07:54:41 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)

Picking up some steam!  I've heard the second million is easier, but wow.  Ten years ago, I had a negative net worth.

12/2018 - $966,365
12/2019 - $1,288,725
12/2020 - $1,616,389
5/2021 - $1,888,603
« Last Edit: May 29, 2021, 08:06:20 AM by ShadowRegent »

Trifle

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Re: Race from $1M to $2M
« Reply #1525 on: May 29, 2021, 10:02:48 AM »
Still hanging on by my fingernails. 
               
                 LNW   /  TNW
4/1/21     $1,004 / $1,673
5/1/21     $1,027 / $1,737
6/1/21     $1,030 / $1,741

Bateaux

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Re: Race from $1M to $2M
« Reply #1526 on: May 29, 2021, 12:26:07 PM »
Happy too see all the new millionaires and those hitting their second.  Keep charging to your goals.  If that goal is met, congratulations.

Icecreamarsenal

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Re: Race from $1M to $2M
« Reply #1527 on: May 29, 2021, 02:30:05 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k
4/22/21: 968k
4/30/21: 1000k
5/29/21: 10006k

Rough month

RWD

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Re: Race from $1M to $2M
« Reply #1528 on: May 29, 2021, 03:37:26 PM »
5/29/21: 10006k

Rough month
Ten million!

Arbitrage

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Re: Race from $1M to $2M
« Reply #1529 on: May 29, 2021, 10:30:40 PM »

4/30/21: 1000k
5/29/21: 10006k

Rough month

Super impressed by that progress!

Arbitrage

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Re: Race from $1M to $2M
« Reply #1530 on: May 29, 2021, 10:40:22 PM »
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
1/1/20: $1.049M / 1.531M
4/1/20: $810k / 1.278M
7/1/20: $1.042M / 1.524M
10/1/20: $1.138M / 1.641M
1/1/21: $1.370M / 1.883M
2/1/21: $1.392M / 1.914M
3/1/21: $1.451M / 1.973M
4/1/21: $1.434M / 2.010M
5/1/21: $1.476M / 2.053M
6/1/21: $1.519M / 2.086M

June is our last month of the full cash firehose, and we'll incur the rest of our moving expenses.  Income will be dropping way down starting in July.  Also hoping to sell our current house in July, which should toss a goodly chunk back into the liquid side of the house by September if all goes well.

Monocle Money Mouth

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Re: Race from $1M to $2M
« Reply #1531 on: May 30, 2021, 09:15:54 AM »
5/29/21: 10006k

Rough month
Ten million!

I hate it when my net worth only goes up by an order of magnitude in a month :D

Icecreamarsenal

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Re: Race from $1M to $2M
« Reply #1532 on: May 30, 2021, 04:44:59 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k
4/22/21: 968k
4/30/21: 1000k
5/29/21: 1006k

Rough month

Lol fixed it you dorks =P

Monocle Money Mouth

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Re: Race from $1M to $2M
« Reply #1533 on: May 30, 2021, 07:17:25 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k
4/22/21: 968k
4/30/21: 1000k
5/29/21: 1006k

Rough month

Lol fixed it you dorks =P

I was just kidding. That's what you get when you hang out in a forum full of engineers and software developers :D

May was a slow month for my net worth growth too. At least compared to the previous 2 months.

Finntastic

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Re: Race from $1M to $2M
« Reply #1534 on: May 31, 2021, 07:46:55 PM »
Nov 2020 - 864k$
Dec 2020 - 956k$
Jan 2021 - 1.19m$
Feb 2021 - 1.23m$
Mar 2021 - 1.28m$
Apr 2021 - 1.35m$
May 2021 - 2.65m$

So even though it was heavy lost on crypto's last month (-56k$) I now graduated this goal. I did not double my wealth in May, but as I sold some of my shares in my own company and we made a deal for the rest of the shares later then I finally had a reason to add those into the wealth as before it would have been hard to give them an value.

So now onwards, I don't think we are going to increase the wealth a lot from here except perhaps through investments so my next 2 steps are.

1. learn to invest well
2. learn life after FI as I would say we have now reached that point.

if anyone here have some good points to topics on this forum or elsewhere to check I would highly appreciate.

783 Days to FIRE (my 1,000 days challenge)

on the road

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Re: Race from $1M to $2M
« Reply #1535 on: June 01, 2021, 08:04:12 AM »
Liquid net worth

Aug 2020     $1,217K
Sep 2020     $1,260K
Oct 2020     $1,265K
Nov 2020     $1,253K
Dec 2020     $1,375K
Jan 2021     $1,428K
Feb 2021     $1,463K
Mar 2021     $1,501K
Apr 2021     $1,720K
May 2021     $1,793K
Jun 2021     $1,828K


asauer

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Re: Race from $1M to $2M
« Reply #1536 on: June 01, 2021, 08:07:13 AM »
So excited about this growth. It will allow me to leave work a full 5 months sooner than expected.
Jan 1 2021: 1,145k
April 1, 2021: 1,268k
June 1, 2021: 1,342k

dreadmoose

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Re: Race from $1M to $2M
« Reply #1537 on: June 01, 2021, 10:42:39 AM »
Why hello big pond, medium fish here shocked at the prospect of joining this thread.

You can read my resume below, and if the market cooperates I plan on hanging out until just after my 36th birthday.

-25,000 -> 100,000 was done in 10 months
100,000 -> 250,000 was done in 15 months
250,000 -> 500,000 was done in 16 months
500,000 -> 1,000,000 was done in 10 months
1,000,000 -> 2,000,000 should take about 27 months (edited from 16)

My current compensation is about double market value for my career but is inextricably tied to very low job security and Canadian politics so I feel privileged every week when I invest. I have one kid with a second one coming in October.

I'll be chasing up above the next group so won't be FIRE'ing from here but am excited nonetheless.

I only track my personal retirement accounts minus debts, ignoring real estate and any other assets (of which I don't have a vehicle or anything substantial anyway).


                       2016                2017                2018                2019                2020                2021                2022               
January 
--$25,189$116,236$230,742$402,238$820,660-
February 
--$24,977$122,183$244,321$389,937$858,606--
March 
Found MMM->
-$21,759$122,763$252,749$359,271$895,439-
April 
--$15,838$129,950$263,657$441,401$977,817-
May 
-$7,447$149,174$252,690$482,281$1,236,938-
June 
-$16,623$154,992$287,639$499,025--
July 
-$19,048$27,638$167,846$299,427$540,432--
August 
-$18,739$39,025$180,481$313,257$571,960--
September 
-$21,536$49,626$185,098$321,358$582,947-
October 
-$25,832$59,438$194,857$336,179$582,543--
November 
-$25,621$71,949$205,772$351,985$658,773--
December 
-$25,405$110,473$212,859$385,426$796,160--

Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
« Last Edit: June 02, 2021, 03:47:30 PM by dreadmoose »

Trifle

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Re: Race from $1M to $2M
« Reply #1538 on: June 01, 2021, 10:49:45 AM »
Welcome @dreadmoose!  Nice to see another recent graduate of the 500k-1M thread.   

dreadmoose

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Re: Race from $1M to $2M
« Reply #1539 on: June 01, 2021, 12:00:08 PM »
Welcome @dreadmoose!  Nice to see another recent graduate of the 500k-1M thread.

Good to join you here, I hope it smells as nice as I'd dreamed of from below.

dandarc

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Re: Race from $1M to $2M
« Reply #1540 on: June 01, 2021, 12:53:33 PM »
Date          TotalNW   Stache Only
Nov 12 2020 - 1.001M    0.953M
Jan 01 2021 - 1.061M    1.026M
Feb 01 2021 - 1.061M    1.023M
Mar 05 2021 - 1.081M    1.048M
Apr 02 2021 - 1.139M    1.099M
May 02 2021 - 1.173M    1.132M
Jun 01 2021 - 1.193M    1.147M

Highwater mark: Jun 01 2021 - 1.193M Total, 1.147M Stache

Thought for sure this was going to be an update with a downtick, but the top continues to not be in. June is the first month with my shiny new lower income due to the even shinier new 3 day per week schedule that started May 1st, so it will be interesting to see how this goes.

Lucky Recardito

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Re: Race from $1M to $2M
« Reply #1541 on: June 03, 2021, 08:41:14 AM »
Joining this race almost a year and a half before I expected to... thanks, stock market! We're just barely over the line and will likely swing up and down around it a few times before we're really settled in, but feeling like it's a cause for celebration in any case.

Net worth progress (includes home equity; does not include roughly $40k in cash; does not include 529s for 2 kids)

10/1/18 $502K

01/1/19 $480K
04/1/19 $546K
07/1/19 $579K
10/1/19 $586K

1/1/20 $650K
4/1/20 $678K
7/1/20 $689K
10/1/20 $751K

1/1/21 $880K
4/1/21 $945K
6/1/21 $1,012K

Expected graduation: Early 2028

Timeline guesstimate accounts for some leaner savings years ahead; baby #2 arrived in March, so we're headed toward the dreaded "double-daycare" valley of desolation very soon. But we'll get where we're headed eventually!

thedigitalone

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Re: Race from $1M to $2M
« Reply #1542 on: June 03, 2021, 02:40:47 PM »
             LNW         TNW   
12/2019    $0.96M     $1.43M
12/2020    $1.39M     $1.91M
...
01/2021    $1.43M     $1.96M
02/2021    $1.45M     $2.00M
03/2021    $1.50M     $2.05M
04/2021    $1.48M     $2.049M
06/2021    $1.58M     $2.29M

Housing values are going bonkers pushing up the TNW numbers.

Trifle

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Re: Race from $1M to $2M
« Reply #1543 on: June 04, 2021, 03:48:45 AM »
Joining this race almost a year and a half before I expected to... thanks, stock market! We're just barely over the line and will likely swing up and down around it a few times before we're really settled in, but feeling like it's a cause for celebration in any case.

Welcome @Lucky Recardito!  Same boat here -- skated in long before I expected to.  Congrats on your new little one!

AccidentalMiser

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Re: Race from $1M to $2M
« Reply #1544 on: June 07, 2021, 07:00:18 AM »
Hit 1.2 M today for the first time.  Market is scary but I'm going to hold fast and keep pouring it in every two weeks.  1049 days to RE.  Maybe sooner but I think I should wait until the year I turn 55.

1.3 M today.  Investments have done well over the past month.

Just hit 1.5 M TNW today.  Solidifying on 1/2/2023 as final retirement day.  Three years from tomorrow barring serious market disaster or other unforeseen consequences.

1.8 M TNW as of Friday, 6-4-2021.  1 M LNW first reached on 12-15-2020 and again on 4-15-2021.  Retirement slated for 4/3/2023.

Jack0Life

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Re: Race from $1M to $2M
« Reply #1545 on: June 12, 2021, 08:19:07 AM »
Quote
Updating myself for 12/31/2020. Starting 2021 officially unemployed.
What an insane 2020. Biggest jump ever in any year considering I got laid-off. Took advantage when the market was down.
Investments went up around $110k and NW went up around $175k.
In process of refinancing the primary house with a cash-out, If successful I guess the cash will put my investments over $1 million. Won't have anymore excuses to stay in this thread ??

            Dec 31st 2020       
                  -----         
Rental       210000- Paid off. getting only $10k of net income per year.   
Primary     145000- Valued this house at $365k. Exact house just sold in Nov for $387k.
Assets        45000   
HSA           22603   
IRA-roth     106498   
IRA           54487   
Inx funds   1200537. Transferred in $20k in Nov.     
401k         22441   
Wife 401k  25248   
Wife HSA   7775   
Wifes IRA   70516   
Loan         180987- Other house equity. Loan being paid back @3.5%.
Cash         107824- $33k sits in Etrade but no stocks so just CASH.   
Gold          6000

$1,125,916- Net Worth.
$979,916- Without primary home.

First post in this thread.
I have no interest in getting to $2 millions but I think they don't want me to keep posting in the $1 million thread so I'm posting here.
We are on the verge of CoastFI and this is just to update myself.
Lost my job beginning of the year. Got it back mid-April. Wife will quit end of July 31st.

 June 12th 2021     
                  -----         
Rental       230000- Paid off. Housing market is insane here in FL and this is more
                              accurate. We have a month to month lease and we are
                              planning to sell it before the end of the year. Will probably get
                              more than $230k after selling fee. 
Primary     216954- Older version of this house just sold for $430k in 5 days. Newer
                              version of this house will cost you $500k with ZERO upgrade.
                              This house will sell easily for $450k+ but I just had an
                              appraisal done for refinance and it came back as $434k(she's
                              not smart). This value is minus selling fee and mortgage owed.
                             
Assets        45000   
HSA           25447 
IRA-roth     118348   
IRA            69243  Contributed my yearly amount
Inx funds   143254. Transferred $15k in Jan.   
401k         25456   
Wife 401k  31908 
Wife HSA   8523
Wifes IRA   88257
Loan         179766- Other house equity. Loan being paid back @3.5%.
Cash         34960-
Etrade       77165 
Gold          6000

$1,300,261- Net Worth.
$1,083,307- Without primary home.[/quote]

LeftA

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Re: Race from $1M to $2M
« Reply #1546 on: June 12, 2021, 09:48:32 AM »
Past the $1.5M mark now. This is just under 23 months from when I entered this thread.

If we keep up this pace, we will hit $2M by mid-2023.

It's definitely going faster than I anticipated.

Bird In Hand

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Re: Race from $1M to $2M
« Reply #1547 on: June 12, 2021, 10:34:40 AM »
Past the $1.5M mark now. This is just under 23 months from when I entered this thread.

If we keep up this pace, we will hit $2M by mid-2023.

It's definitely going faster than I anticipated.

Nice work!  Assuming consistent contributions and broad index funds, it still comes down to luck in a sense.  It took us about 18 years to reach $1M, but things were VERY slow-going for the first 10-15 years -- most of this was 2000-2010 and growth was poor that decade. We were accumulating a lot of relatively inexpensive shares via DCA though, and when the markets recovered it wasn't long before we hit $1M.

The 2nd million came 4x faster, in about 4.5 years.  Now I'm kind of where you are...will we have yet another million in just a couple more years?  Recency bias makes me want to say yes, but my first 18 years of investing makes me hesitant to get my hopes up.

iluvzbeach

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Re: Race from $1M to $2M
« Reply #1548 on: June 12, 2021, 12:16:23 PM »
We hit $1M TNW in December 2016 and have now reached $2M TNW, so 4 1/2 years to double our NW.  I'll probably stick around this thread for a while as I'm sure our NW will dip back below $2M before staying above $2M for the long-haul. Just over $1.4M of this is LNW, with the rest of it being tied up in real estate.

DH and I came from very financially insecure backgrounds and 18 years ago I was solidly in the negative net worth camp.  We're pretty pleased with what we've been able to achieve and creating financial security feels really good for both of us.


AccidentalMiser

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Re: Race from $1M to $2M
« Reply #1549 on: June 13, 2021, 07:16:28 PM »
We hit $1M TNW in December 2016 and have now reached $2M TNW, so 4 1/2 years to double our NW.  I'll probably stick around this thread for a while as I'm sure our NW will dip back below $2M before staying above $2M for the long-haul. Just over $1.4M of this is LNW, with the rest of it being tied up in real estate.

DH and I came from very financially insecure backgrounds and 18 years ago I was solidly in the negative net worth camp.  We're pretty pleased with what we've been able to achieve and creating financial security feels really good for both of us.

Similar here.  We first hit 1M in July 2018 and projecting 2M this year.  1.1M LNW with the rest real estate.  We bought a 17 acre lake property in 2016 for $150k (not a misprint) and have it conservatively valued at 450k now.  If we were interested in selling (which we're not), I think we could get over 750k for it. 

The second million will definitely come sooner than the first!

 

Wow, a phone plan for fifteen bucks!