Author Topic: Race from $2M to $4M...and Beyond!  (Read 959542 times)

secondcor521

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Re: Race from $2M to $4M...and Beyond!
« Reply #5700 on: December 29, 2021, 11:24:07 AM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.

Up about 21% YTD.  Starting seventh (!) year of FIRE.  NW is a bit more than 2X what I had on my FIRE date, despite about 27 semesters of college / private high school during that time frame.  12 more semesters to go (approximately, knock wood).

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #5701 on: December 29, 2021, 11:30:58 AM »
I think we are up about 25% this year. I remember in March 2020 we sank to $1.9m, and now we are over $3.2m


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Watchmaker

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Re: Race from $2M to $4M...and Beyond!
« Reply #5702 on: December 29, 2021, 11:50:55 AM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.

NW up by 33%. But not retired yet, so I worked for a lot of that increase.

lhamo

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Re: Race from $2M to $4M...and Beyond!
« Reply #5703 on: December 29, 2021, 11:55:30 AM »
Primary residence value up something like $200k.
Investments up at least 200k.  More if you count SO's crypto.
Still have enough liquid cash to cover 7-8 years of living expenses.

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5704 on: December 29, 2021, 12:09:41 PM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.

18% is an awesome percentage of growth!

Ours went up 10.8%, but that's with us spending like crazy on stuff.   Don't have any plans to do that again next year, all the extra expenses were either one-time ones or things that don't have to be done for another decade or so.

Then again, another way to look at it is our net worth went up by $306,000, about 50-50 equities and real estate appreciation. 

At a certain point, even a very small percentage of growth is all it takes to live well and get richer.

KitchenSink

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Re: Race from $2M to $4M...and Beyond!
« Reply #5705 on: December 29, 2021, 02:36:58 PM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.
Entered the year at $3MM investable assets (excluding primary residence).  Exiting at $4MM, having now reached the great "beyond".

I did work full-time for 2021.  I'm dropping down to 3d/wk in the new year (fully work-from-home), for as long as it's entertaining, and then retiring for real.

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #5706 on: December 29, 2021, 03:03:48 PM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.
Entered the year at $3MM investable assets (excluding primary residence).  Exiting at $4MM, having now reached the great "beyond".

I did work full-time for 2021.  I'm dropping down to 3d/wk in the new year (fully work-from-home), for as long as it's entertaining, and then retiring for real.

Good for you man!

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5707 on: December 29, 2021, 05:33:24 PM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.
Entered the year at $3MM investable assets (excluding primary residence).  Exiting at $4MM, having now reached the great "beyond".

I did work full-time for 2021.  I'm dropping down to 3d/wk in the new year (fully work-from-home), for as long as it's entertaining, and then retiring for real.

Outstanding job!

arcturus

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Re: Race from $2M to $4M...and Beyond!
« Reply #5708 on: December 29, 2021, 08:02:45 PM »
Congrats to all for your success.  As for me, I entered the year at about $1.8M invested and exited with $2.3M invested -- 25% growth.  Some unplanned expenses at the end of the year knocked ~1 percentage point off of my growth rate for the year.  Still feel good about achieving my goal of $2.3M invested.  I don't see a repeat of this in 2022, setting my goal for a more reasonable growth rate and a year end balance of ~$2.6M invested.  That would still be 11% growth, but keep in mind, I'm actively contributing to my stash at present and plan to do so for all of 2022, so the assumed investment gains are more like 6%. 

Happy New Year to all!

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5709 on: December 29, 2021, 09:07:23 PM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.

18% is an awesome percentage of growth!

Ours went up 10.8%, but that's with us spending like crazy on stuff.   Don't have any plans to do that again next year, all the extra expenses were either one-time ones or things that don't have to be done for another decade or so.

Then again, another way to look at it is our net worth went up by $306,000, about 50-50 equities and real estate appreciation. 

At a certain point, even a very small percentage of growth is all it takes to live well and get richer.

Realized how much better we would have done this year had we not spent big money on hobbies and home renovation and a rental hvac unit replacement:


  $ 7k rental hvac
+$ 7k garage workshop hvac
+$16k 3d printing software, printer, accessories, plus new casting tools
+$14k house painting/ext wood repair
+$ 5k electrical work (new circuits)
+$ 6k wife's hobbies
+$ 1k hvac home repair
+$ 1k plumbing repairs
+$13k new, additional charitable spending
+$12k leveling farm land
=$82k extra spending
 


That's a lot!!!   Our percentage of wealth growth this year would have been a good bit higher.

Good thing the rest of our expenses are a whole lot lower!!!

However, other than about $4k each on hobbies and the $13k additional for charity , those were all one-time or very-infrequent expenses, i.e., once a decade or less.

I know I've gotten one heck of a lot of fun out of my (very) large share of the spending..

Unless we have 2 more hvacs on our home fail (they will eventually, they're on borrowed time), we don't have any major expenses other than the charity.

JoJoP

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Re: Race from $2M to $4M...and Beyond!
« Reply #5710 on: December 29, 2021, 09:27:50 PM »
According to Mint, we're up almost 1m this year.    It was a good year for Real Estate appreciation.   

trashtalk

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Race from $2M to $4M...and Beyond!
« Reply #5711 on: December 29, 2021, 10:04:22 PM »
We bought a condo in March for pandemic-weirdness reasons. We paid $425k (cash). Both Zillow and Redfin claim itís now worth $475k. Hard to say if thatís ďrealĒ and we donít plan on selling but it beats a kick in the face.

2sk22

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Re: Race from $2M to $4M...and Beyond!
« Reply #5712 on: December 30, 2021, 03:48:42 AM »
Realized how much better we would have done this year had we not spent big money on hobbies and home renovation and a rental hvac unit replacement:


  $ 7k rental hvac
+$ 7k garage workshop hvac
+$16k 3d printing software, printer, accessories, plus new casting tools
+$14k house painting/ext wood repair
+$ 5k electrical work (new circuits)
+$ 6k wife's hobbies
+$ 1k hvac home repair
+$ 1k plumbing repairs
+$13k new, additional charitable spending
+$12k leveling farm land
=$82k extra spending
 



We also spent a fair bit on home renovations - mostly things that were many years overdue. Our basement was a disaster zone but getting it fixed promised to be so time consuming that this project had to wait until I was retired.  I got a study and hobby work shop built in our basement so it has given me a wonderful start to retired life.
 
I have also been thinking of buying a 3D printer next year - there seem to be so many ways to use it in building models. Which one did you get? And what do you plan to do with the farm land?

itchyfeet

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Re: Race from $2M to $4M...and Beyond!
« Reply #5713 on: December 30, 2021, 04:02:03 AM »
Goes to show that one needs to be careful not to underestimate home maintenance costs for post FIRE, including appliance replacement etc.

I too spent a small fortune on new floorboards and a new kitchen during this past year.

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5714 on: December 30, 2021, 05:42:29 AM »

I have also been thinking of buying a 3D printer next year - there seem to be so many ways to use it in building models. Which one did you get? And what do you plan to do with the farm land?
I got a Formlabs Form 3.   It's a very high end resin printer with tremendous resolution.  I use it to print resin/wax models that I then cast in metal.  I couldn't find a lower end printer that was capable of printing the level of detail that I wanted.

We have two families who farm the land on our behalf and we share the crops.   Soybeans and rice, mostly.  Leveling the land means we spend less acreage building small levees for the rice, so we have more land in actual cultivation.
« Last Edit: January 01, 2022, 11:35:51 AM by SwordGuy »

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5715 on: December 30, 2021, 05:48:25 AM »
Goes to show that one needs to be careful not to underestimate home maintenance costs for post FIRE, including appliance replacement etc.

I too spent a small fortune on new floorboards and a new kitchen during this past year.

Out of that huge laundry list of spending on our home, only about $5k of it was in materials needed for repairs or renovations.  Most of the electrical and hvac expense was to upgrade stuff for my hobbies (except for the hvac for the rental).  But it would have taken me months and months to do it all myself  'cause I'm just not that young anymore and I didn't want to spend that time.   I had things I actually WANTED to be doing instead.    So I forked over the cash and got to spend this year the way I wanted to instead.   Worth every dollar to me.   And that's what's great about being solidly FI instead of shoestring FI, I have that choice.

Much Fishing to Do

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Re: Race from $2M to $4M...and Beyond!
« Reply #5716 on: December 30, 2021, 06:43:13 AM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.
Entered the year at $3MM investable assets (excluding primary residence).  Exiting at $4MM, having now reached the great "beyond".

I did work full-time for 2021.  I'm dropping down to 3d/wk in the new year (fully work-from-home), for as long as it's entertaining, and then retiring for real.
Wow, thats a great move. My LNW has moved from $3.3M to $3.8M which I guess is a decent 15%, which is similar to my core investment of VASGX (I have some investments that pushed it up and have built up a decent pile of cash for my upcoming RE that has pulled it back down to that same average, it seems generally though its the international component of VASGX that continues to lag and kept me from seeing the huge s&P 500 return this year).  I still work enough to pay the bills (plus should make a six figure profit sharing bonus for the year paid out in a couple months). 

BeanCounter

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Re: Race from $2M to $4M...and Beyond!
« Reply #5717 on: December 30, 2021, 07:16:32 AM »
Expensive year for us-
$22k cash on new (slightly used) car- this was a necessity
$3,800 cash for braces for kid (got a discount for paying cash!!)
about $7,500 ?? (I've honestly lost track) on travel with the kids- YOLO
and lots of other spendy kid things that I've lost track of- local theme park passes, phone for now 13 year old, lots of sports and gear for those sports (lots of gear we bought used), boy scout gear, music lessons and a private swing coach for golf. Yeah. I'll take my face punches now.
Despite that our invested assets increased 20% and we are still FI (without including RE
I guess I've hit the point where I realize we've only got maybe 10 more years of kids under our roof and we might as well enjoy spending money on doing things with them, and on helping them discover the world and their talents. Oh, and their education.

Theme for 2022 - YOLO, do I have to turn in my MMM membership card?

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5718 on: December 30, 2021, 07:33:24 AM »
Expensive year for us-
$22k cash on new (slightly used) car- this was a necessity
$3,800 cash for braces for kid (got a discount for paying cash!!)
about $7,500 ?? (I've honestly lost track) on travel with the kids- YOLO
and lots of other spendy kid things that I've lost track of- local theme park passes, phone for now 13 year old, lots of sports and gear for those sports (lots of gear we bought used), boy scout gear, music lessons and a private swing coach for golf. Yeah. I'll take my face punches now.
Despite that our invested assets increased 20% and we are still FI (without including RE
I guess I've hit the point where I realize we've only got maybe 10 more years of kids under our roof and we might as well enjoy spending money on doing things with them, and on helping them discover the world and their talents. Oh, and their education.

Theme for 2022 - YOLO, do I have to turn in my MMM membership card?
Only if you had tried to do all that stuff before qualifying for this club.

SteadyStache

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Re: Race from $2M to $4M...and Beyond!
« Reply #5719 on: December 30, 2021, 09:34:28 AM »
LNW up ~34% since this AM not including cash. Spent about 17K on deck this year during the sky-high lumber costs. Yes, really bad timing!

tooqk4u22

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Re: Race from $2M to $4M...and Beyond!
« Reply #5720 on: December 30, 2021, 09:52:59 AM »

At a certain point, even a very small percentage of growth is all it takes to live well and get richer.

I know, Right!  I mean if the portfolio just grows 3-4% inflation adjusted each year I will never run out! Crazy how low of a bar that is.  Should be a rule about that or something....lol.
« Last Edit: December 30, 2021, 10:08:20 AM by tooqk4u22 »

lhamo

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Re: Race from $2M to $4M...and Beyond!
« Reply #5721 on: December 30, 2021, 11:14:07 AM »
Goes to show that one needs to be careful not to underestimate home maintenance costs for post FIRE, including appliance replacement etc.

I too spent a small fortune on new floorboards and a new kitchen during this past year.

Out of that huge laundry list of spending on our home, only about $5k of it was in materials needed for repairs or renovations.  Most of the electrical and hvac expense was to upgrade stuff for my hobbies (except for the hvac for the rental).  But it would have taken me months and months to do it all myself  'cause I'm just not that young anymore and I didn't want to spend that time.   I had things I actually WANTED to be doing instead.    So I forked over the cash and got to spend this year the way I wanted to instead.   Worth every dollar to me.   And that's what's great about being solidly FI instead of shoestring FI, I have that choice.

We have spent 30k+ on home repairs over the past two years.  We are still at a 2% WR.  As the majority of people posting in this thread probably are.  If you have modest spending in your regular categories you can easily afford the extras.

soccerluvof4

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Re: Race from $2M to $4M...and Beyond!
« Reply #5722 on: December 30, 2021, 02:40:15 PM »
LNW up ~34% since this AM not including cash. Spent about 17K on deck this year during the sky-high lumber costs. Yes, really bad timing!

Yeah i went through the same thing but I really had no choice my old one was ready to fall off the house. Ours was two levels a lot of work and materials were to much and hard to come by. But glad its done now.

JoJoP

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Re: Race from $2M to $4M...and Beyond!
« Reply #5723 on: December 30, 2021, 02:48:31 PM »
Expensive year for us-
$22k cash on new (slightly used) car- this was a necessity
$3,800 cash for braces for kid (got a discount for paying cash!!)
about $7,500 ?? (I've honestly lost track) on travel with the kids- YOLO
and lots of other spendy kid things that I've lost track of- local theme park passes, phone for now 13 year old, lots of sports and gear for those sports (lots of gear we bought used), boy scout gear, music lessons and a private swing coach for golf. Yeah. I'll take my face punches now.
Despite that our invested assets increased 20% and we are still FI (without including RE
I guess I've hit the point where I realize we've only got maybe 10 more years of kids under our roof and we might as well enjoy spending money on doing things with them, and on helping them discover the world and their talents. Oh, and their education.

Theme for 2022 - YOLO, do I have to turn in my MMM membership card?
Only if you had tried to do all that stuff before qualifying for this club.

That's so funny.   Both of you nearly made me spit my coffee.   I'm so glad we can stay and play.

Roboturner

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Re: Race from $2M to $4M...and Beyond!
« Reply #5724 on: December 30, 2021, 02:55:51 PM »
Spoiler: show

Q2 2016:
LNW: 528k
TNW: 720k

Q3 2016:
LNW: 652k
TNW: 845k

YE 2016:
LNW: 685k
TNW: 893k

Q1 2017:
LNW: 800k
TNW: 1001k

Q2 2017:
LNW: 845k
TNW: 1060k

Q3 2017:
LNW: 921k
TNW: 1142k

YE 2017:
LNW: 1,012k
TNW: 1,230k

Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM

Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM

Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM

YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM

Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM

Q2 2019:
LNW: 1.60 MM
TNW: 1.78 MM

Q3 2019:
LNW: 1.64 MM
TNW: 1.82 MM

YE 2019:
LNW: 1.84 MM
TNW: 2.02 MM

Q1 2020:
LNW: 1.60 MM
TNW: 1.79 MM

Q2 2020:
LNW: 1.94 MM
TNW: 2.15 MM

Q3 2020:
LNW: 2.12 MM
TNW: 2.46 MM

YE 2020:
LNW: 2.40 MM
TNW: 2.74 MM

Q1 2021:
LNW: 2.69 MM
TNW: 3.00 MM

Q2 2021:
LNW: 2.52 MM
TNW: 3.30 MM

Q3 2021:
LNW: 3.08 MM
TNW: 3.54 MM

YE 2021:
LNW: 3.37 MM
TNW: 3.83 MM



Q1 2022:
LNW: 3.36 MM
TNW: 3.77 MM

Treading water on one salary with an unpredictable market, onward.
« Last Edit: April 14, 2022, 09:53:47 AM by Roboturner »

Taran Wanderer

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Re: Race from $2M to $4M...and Beyond!
« Reply #5725 on: December 30, 2021, 03:27:24 PM »
Weíre up about 24% this year, but that includes savings and a significant part of the NW is in cash (dumb decision). Still, NW is up 1.5x total earnings and 4x expenses. Not a bad year.

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5726 on: December 30, 2021, 04:13:53 PM »

SO FIRE'd in September, and like many others, still went up! I'm hoping for a mid-2022 date myself when my golden handcuffs start coming off - Happy New Year to All!

Congrats!   And end this year right by updating your forum tagline to reflect a MUCH SHORTER timeline until retirement! :)

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Re: Race from $2M to $4M...and Beyond!
« Reply #5727 on: December 31, 2021, 08:55:15 AM »
Up 18% this year. 

10k for more I bonds, 6k for my IRA and $2,500 for the HSA (there is some pass through) is sitting in my checking account waiting for tomorrow.

Finntastic

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Re: Race from $2M to $4M...and Beyond!
« Reply #5728 on: December 31, 2021, 08:09:12 PM »
Jan 2021 - 1.19m$
Feb 2021 - 1.23m$
Mar 2021 - 1.28m$
Apr 2021 - 1.35m$
May 2021 - 2.65m$
June 2021 - 2.61m$
July 2021 - 2.62m$
August 2021 - 2.82m$
September 2021 - 2.79m$
October 2021 - 2.87m$
November 2021 - 2.89m$
December 2021 - 2.80m$

and FIRED... so today is the first day without work so from now on we will live on static incomes through our investments as well as savings. Some of the dip in last month has gone to house renovation which will show on the real estate assets later when we get it rented out.

First day of a new life... and I'm looking forward to it.

FireLane

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Re: Race from $2M to $4M...and Beyond!
« Reply #5729 on: December 31, 2021, 08:41:11 PM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.

2021 was a fantastic year! I'm up 23% YTD. Just under $2.5M in investments and cash, more like $2.8M including home equity.

Best of all, I retired this year. :)

I'm not counting on future returns to be this good, but a 2.5% WR should be sufficient to handle anything the economy throws at me. If the stock market has another couple of strong years, I'll have to seriously consider ways to spend more, just so I don't die on top of a pile of cash.
« Last Edit: December 31, 2021, 08:44:02 PM by FireLane »

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5730 on: December 31, 2021, 09:02:10 PM »
So how has 2021 been financially? Despite my being retired, our net worth went up by 18% this year which is just astounding.

2021 was a fantastic year! I'm up 23% YTD. Just under $2.5M in investments and cash, more like $2.8M including home equity.

Best of all, I retired this year. :)

I'm not counting on future returns to be this good, but a 2.5% WR should be sufficient to handle anything the economy throws at me. If the stock market has another couple of strong years, I'll have to seriously consider ways to spend more, just so I don't die on top of a pile of cash.

Note to self:  If the market does well over the next two years, remind @FireLane to post their MPP in that thread...

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5731 on: December 31, 2021, 09:23:32 PM »
Unless anyone in this club is >75 years old then the probability of not dying on a huge pile of cash is pretty remote!

Assuming reasonable levels of spending of course..:)

oldladystache

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Re: Race from $2M to $4M...and Beyond!
« Reply #5732 on: December 31, 2021, 09:29:49 PM »
Unless anyone in this club is >75 years old then the probability of not dying on a huge pile of cash is pretty remote!

Assuming reasonable levels of spending of course..:)
I'm over 75 and I'm giving it away as fast as it comes in. Well, I do spend a little of it.

arcturus

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Re: Race from $2M to $4M...and Beyond!
« Reply #5733 on: December 31, 2021, 09:34:43 PM »
Jan 2021 - 1.19m$
Feb 2021 - 1.23m$
Mar 2021 - 1.28m$
Apr 2021 - 1.35m$
May 2021 - 2.65m$
June 2021 - 2.61m$
July 2021 - 2.62m$
August 2021 - 2.82m$
September 2021 - 2.79m$
October 2021 - 2.87m$
November 2021 - 2.89m$
December 2021 - 2.80m$

and FIRED... so today is the first day without work so from now on we will live on static incomes through our investments as well as savings. Some of the dip in last month has gone to house renovation which will show on the real estate assets later when we get it rented out.

First day of a new life... and I'm looking forward to it.

Congrats @Finntastic , well done and good luck -- look forward to hearing your updates.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5734 on: December 31, 2021, 11:29:17 PM »
Hello 2022. 
2021 you were our best ever year financially.   Ended up about 3.2M which is a little over 500K increase since a year ago.   2022 is my last full year to work.  I've set my FIRE date to May 15, 2023.  Under 500 days to go now.  I have a feeling it's going to pass very quickly.  It seems 2021 barely existed.  Good luck and health to you all.

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5735 on: December 31, 2021, 11:42:17 PM »
Unless anyone in this club is >75 years old then the probability of not dying on a huge pile of cash is pretty remote!

Assuming reasonable levels of spending of course..:)
I'm over 75 and I'm giving it away as fast as it comes in. Well, I do spend a little of it.
❤❤❤❤❤

arcturus

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Re: Race from $2M to $4M...and Beyond!
« Reply #5736 on: January 01, 2022, 09:28:37 AM »
Hello 2022. 
2021 you were our best ever year financially.   Ended up about 3.2M which is a little over 500K increase since a year ago.   2022 is my last full year to work.  I've set my FIRE date to May 15, 2023.  Under 500 days to go now.  I have a feeling it's going to pass very quickly.  It seems 2021 barely existed.  Good luck and health to you all.

Congrats on an amazing 2021 and on setting a date!  Too early for me to set a date, but I'm very encouraged that the end is at least a light at the end of the tunnel that I can see.  As an aside, I'm not a huge subscriber to online retirement planning tools (more of an excel person), BUT -- Fidelity's online retirement planner has become quite comprehensive and useful as a sanity check.  This is not a plug for Fidelity, but I have been impressed by the detail an granularity that they have brought to it.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5737 on: January 01, 2022, 10:47:05 AM »
Unless anyone in this club is >75 years old then the probability of not dying on a huge pile of cash is pretty remote!

Assuming reasonable levels of spending of course..:)
I'm over 75 and I'm giving it away as fast as it comes in. Well, I do spend a little of it.

Fantastic.. And happy Birthday!...:)

Wile E. Coyote

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Re: Race from $2M to $4M...and Beyond!
« Reply #5738 on: January 01, 2022, 11:19:41 AM »
Amazing progress in this thread!  2021 was a pretty good year for us financially, as well.  My spreadsheet shows a net worth of $2.5M, excluding the equity in our home, and $3.2M including the equity in our home.  I use a fairly conservative value for my home since I don't plan on selling any time soon.  If I used the Zillow value (which I think is a bit high), net worth would be closer to $3.6M.  I am still not including any value from the equity in my company for now.  Investments are up $560K for 2021, most of which is growth. Pretty hard to believe, really!

ShadowRegent

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Re: Race from $2M to $4M...and Beyond!
« Reply #5739 on: January 01, 2022, 01:39:00 PM »
End of year stats:
2010 - ($188,257)
2011 - ($159,240)
2012 - $75,812
2013 - $82,600
2014 - $190,525
2015 - $593,948
2016 - $619,152
2017 - $961,556
2018 - $966,365
2019 - $1,288,725
2020 - $1,616,389
2021 - $2,180,940

I'm penciling in 1/31/2023 as my FIRE date.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5740 on: January 01, 2022, 01:45:44 PM »
@ShadowRegent

Congratulations on FIRE in a little over a year..  Well done!

ShadowRegent

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Re: Race from $2M to $4M...and Beyond!
« Reply #5741 on: January 01, 2022, 01:49:34 PM »
@ShadowRegent

Congratulations on FIRE within a month.  Well done!

Thanks!  It's a year and a month away though :) A literal case of "One More Year" syndrome since cFIREsim is giving a 100% success rate on slightly inflated spending.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5742 on: January 01, 2022, 01:53:07 PM »
Hello 2022. 
2021 you were our best ever year financially.   Ended up about 3.2M which is a little over 500K increase since a year ago.   2022 is my last full year to work.  I've set my FIRE date to May 15, 2023.  Under 500 days to go now.  I have a feeling it's going to pass very quickly.  It seems 2021 barely existed.  Good luck and health to you all.

Congrats on an amazing 2021 and on setting a date!  Too early for me to set a date, but I'm very encouraged that the end is at least a light at the end of the tunnel that I can see.  As an aside, I'm not a huge subscriber to online retirement planning tools (more of an excel person), BUT -- Fidelity's online retirement planner has become quite comprehensive and useful as a sanity check.  This is not a plug for Fidelity, but I have been impressed by the detail an granularity that they have brought to it.

I may look into the Fidelity Planner.  We haven't decided who we'll hold our funds with.  Most likey Schwab, Vanguard or Fidelity.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5743 on: January 01, 2022, 01:54:36 PM »
@ShadowRegent

Congratulations on FIRE within a month.  Well done!

Thanks!  It's a year and a month away though :) A literal case of "One More Year" syndrome since cFIREsim is giving a 100% success rate on slightly inflated spending.

You got me faster than I could correct it.  Either way.  It's not far away now.

CANStache

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Re: Race from $2M to $4M...and Beyond!
« Reply #5744 on: January 01, 2022, 08:25:31 PM »
EOY
2017 - $1.67M
2018 - $1.81M (+6.7%)
2019 - $2.07M (+14.6%)
2020 - $2.34M (+13.0%)
2021 - $2.70M (+15.5% despite buying a new Tesla early in the year)

Who knows what the markets will yield in 2022, but my wife went back to work at the end of last year and she makes quite a bit more than I do, so I expect our savings rate will skyrocket.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5745 on: January 01, 2022, 09:06:57 PM »
EOY
2017 - $1.67M
2018 - $1.81M (+6.7%)
2019 - $2.07M (+14.6%)
2020 - $2.34M (+13.0%)
2021 - $2.70M (+15.5% despite buying a new Tesla early in the year)

Who knows what the markets will yield in 2022, but my wife went back to work at the end of last year and she makes quite a bit more than I do, so I expect our savings rate will skyrocket.

Congratulations on that new Tesla and portfolio rise.

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5746 on: January 01, 2022, 09:18:57 PM »
Then again, another way to look at it is our net worth went up by $306,000, about 50-50 equities and real estate appreciation. 

At a certain point, even a very small percentage of growth is all it takes to live well and get richer.

Well, the actual end-of-year numbers are in and we're up $314,000 for the year.

Roboturner

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Re: Race from $2M to $4M...and Beyond!
« Reply #5747 on: January 02, 2022, 08:25:08 AM »
Congrats!   And end this year right by updating your forum tagline to reflect a MUCH SHORTER timeline until retirement! :)

Ha thank you. My ticker is my drop-dead, GHs be damned, but weíve put our company up for sale so assuming we transact Iíll be able to scoot out this year. Crossing my fingers!

LoanShark

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Re: Race from $2M to $4M...and Beyond!
« Reply #5748 on: January 02, 2022, 11:12:56 AM »
         Liquid / TNW
12/17 $391k / $911k
12/18 $485k / $1.15M
12/19 $979k / $1.54M
12/20 $1.35M / $1.93M

2/21 $1.55M / $2.14M

Joining this thread and looking forward to the journey to $4M...and Beyond with you guys & gals!

Year end update:

12/21 $2.0M / $2.8M

Officially hit $2MM liquid!

Feels amazing as that # was my original "FI" value. I've since moved that to $2.5MM to throw off $100k annually, pre-tax. We've never spent that much but our budget allows for ~$75-80k of spend annual, so I felt that I needed to gross it up to account for taxes.

If we do nothing, and the market holds up at ~8% annually, we should hit $2.5MM in <3-years. We'll see what happens then, but it's starting to feel very real. Like this is actually going to happen...especially considering that we can kind of let this thing run on auto-pilot from a contribution perspective and it'll happen in the near term (in all likelihood, at least).

We'll have to do some soul searching then to decide if DW, or both of us, will want to hang it up. Maybe we're SWAMI's? Who knows. Cross that bridge when it gets here!

itchyfeet

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Re: Race from $2M to $4M...and Beyond!
« Reply #5749 on: January 03, 2022, 03:48:03 AM »
Like everyone else here, 2021 was a big year financially.

Net worth increased by 30%!!!!

I find it unbelievable.

A fair portion of the increase in net worth (almost half of the increase) is appreciation of my home, so not of any immediate use.

Letís see what 2022 brings.