Author Topic: Race from 250 to 500k!  (Read 86386 times)

ascZend

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Re: Race from 250 to 500k!
« Reply #400 on: December 11, 2016, 12:02:00 PM »
Throwing my hat into the ring.

Investment portfolio crossed $250K early this week, currently at $254,856.22 combined savings and investments.  Net worth is around $280,000.  No real estate assets now, although that may change within the next year.  Hoping to achieve $500K investments/savings by July 1st 2020 at age 32 (my projected FI date).
“The first step towards getting somewhere is to decide you’re not going to stay where you are.” —J.P. Morgan

FI: July 1, 2020 (Age 32)
RE: July 1, 2025 (Age 37)

Roadsidetreasurehunter

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Re: Race from 250 to 500k!
« Reply #401 on: December 18, 2016, 04:42:36 AM »
I met my goal of $400,000 of cash and investments by year end.  My house has been paid off for about 6 years.  This feels wonderful.  I love the feeling of being secure and taking care of myself.  I love that nothing is truly a financial emergency.  Onward to $500,000.....hopefully at the end of 2018.

OurTown

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Re: Race from 250 to 500k!
« Reply #402 on: December 19, 2016, 09:14:07 AM »
Great job everyone.  The variable for this month is the bonus situation.  I lovingly refer to it as "jelly-of-the-month club."  The past two years I got 10K, so fingers crossed.

boarder42

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Re: Race from 250 to 500k!
« Reply #403 on: December 22, 2016, 11:38:48 AM »
from 404k invested DEC 1 to 451k today.  gotta love year end bonus season.  may make it over 460 by year end we will see. total NW over 600k

PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

onlykelsey

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Re: Race from 250 to 500k!
« Reply #404 on: December 23, 2016, 07:34:51 AM »
from 404k invested DEC 1 to 451k today.  gotta love year end bonus season.  may make it over 460 by year end we will see. total NW over 600k

Nice! Just got a similar size bonus post-tax.  It pushed me over 500K (barely) but am going to wait until year end to finalize the numbers and post.

ender

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Re: Race from 250 to 500k!
« Reply #405 on: December 23, 2016, 08:07:22 AM »
Man, I'm in the wrong industry if you get a $50k bonus haha.

onlykelsey

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Re: Race from 250 to 500k!
« Reply #406 on: December 23, 2016, 08:15:55 AM »
Man, I'm in the wrong industry if you get a $50k bonus haha.

It's pretty wild.  It's more or less known up front and part of your compensation, though.  Everyone gets the same amount at each level of seniority.  I think mine was 41K this year, waiting for transactions to show up.

boarder42

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Re: Race from 250 to 500k!
« Reply #407 on: December 24, 2016, 02:29:54 AM »
Mine wasn't 50 but in the neighborhood when you consider ESOP contribution.  But the election rally helped as well. We are 100% employee owned and it's really deferred compensation.
PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

garth

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Re: Race from 250 to 500k!
« Reply #408 on: December 24, 2016, 08:26:07 AM »
We will finish the year somewhere around $376k NW with a $120k YOY gain. I'm happy to say that our savings rate was an all-time high at 55%, but I'd like to get this closer to 65%. I believe $500k by the end of next year is possible!

Dec 16: $376k
Nov 16: $363k
Oct 16: $351k
Jul 16: $330k
Apr 16: $290k
Dec 15: $256k

OurTown

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Re: Race from 250 to 500k!
« Reply #409 on: December 24, 2016, 05:06:13 PM »
50k is a huge, sorry, YUGE bonus. I got 11k this year and I'm super excited about it.

Rife

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Re: Race from 250 to 500k!
« Reply #410 on: December 25, 2016, 04:44:55 AM »
I'll jump in and track only non-house investments. We have about 200k equity in our house, but the true value is hard to say, selling it would eat up some of that and we would still need a new house. Too much guesswork. 

Our goal for this year is to finish the 529 for our 4 year old and start building up non-401k assets.

401k wife: 174000
401k mine: 105000
529: 6800
HSA wife: 5000
HSA mine: 2400

Total: 293200 Dec 2016

boarder42

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Re: Race from 250 to 500k!
« Reply #411 on: December 25, 2016, 05:19:49 AM »
50k is a huge, sorry, YUGE bonus. I got 11k this year and I'm super excited about it.

My cash bonus was 21. And then I got retirement contribution of 10.5 on top of that
PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

bzzzt

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Re: Race from 250 to 500k!
« Reply #412 on: December 26, 2016, 09:54:24 PM »
Looking like I'm going to finish up the year at approx. $332k. Savings rate was approx. 43% after I dropped a bunch of money on hobby stuff this year. It ought to be back in the realm of normal next year.

So,

Dec. 2015 = ~$288k (corrected, pension money was being misallocated and fixed in Feb.)
Dec. 2016 = ~$332k

For a net of +$44k this year.

Not as fantastic as some here at MMM, but pretty badass for a tradesman who had 10+ weeks off this year. Construction, the world's best paying part-time job... Haha.

motiv8ed

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Re: Race from 250 to 500k!
« Reply #413 on: December 30, 2016, 04:34:22 AM »
Total NW

Nov 2016: $320,000
Dec 2016: $339,117.36

boarder42

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Re: Race from 250 to 500k!
« Reply #414 on: December 30, 2016, 05:24:26 AM »
8/1/16 - 375k
9/1/16 - 382k
10/1/16 - 391.5k
11/1/16 - 390.2k
12/1/16 - 404k / 550k networth
1/1/17 - 450k / 600k NW

Bonus plus stock huge jump every December.  will be another large jump in april when the company share price is evaluated
« Last Edit: December 30, 2016, 06:56:28 AM by boarder42 »
PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

Icecreamarsenal

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Re: Race from 250 to 500k!
« Reply #415 on: December 30, 2016, 06:26:19 AM »
Not including home equity:
1/15: 88k
2/15: 96k
3/15: 100k
4/15: 115k
5/15: 125k
6/15: 135k
7/15: 144k
8/15: 161k
9/15: 172k
10/15: 186k
11/15: 181k
12/15: 203k
1/16: 297k
2/16: 314k
3/16: 329k
4/16: 344k
5/16: 344k
6/16: 344k
7/16: 345k
8/16: 357k
9/16: 366k
10/16: 380k
11/16: 395k



Sent from my iPhone using Tapatalk

OurTown

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Re: Race from 250 to 500k!
« Reply #416 on: December 30, 2016, 08:15:06 AM »
Jan. 1, 2016 = 374
Feb. 1, 2016 = 373
Mar. 1, 2016 = 379
Apr. 1, 2016 = 391
May 1, 2016 = 398
June 1, 2016 = 406
July 1, 2016 = 415
Aug. 1, 2016 = 426
Sept. 1, 2016 = 424
Oct. 1, 2016 = 427
Nov. 1, 2016 = 428
Dec. 1, 2016 = 438

Jan. 1, 2017 = 468

That's an increase of 94K for the year . . . I'll take it.

So just out of curiosity I went back to my historical spreadsheets just to get a sampling of our progress.  Some of my record keeping was, uh, irregular so I don't have January to January comparisons, but whatever.

March 2011 = 81
June 2012 = 143
Aug. 2013 = 168
Jan. 2014 = 202
Jan. 2015 = 266
Jan. 2016 = 374
Jan. 2017 = 468


jorjor

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Re: Race from 250 to 500k!
« Reply #417 on: December 30, 2016, 09:27:08 AM »
I'm going to start tracking cash + invested since I'm now at $250k for that number, second number includes home equity (which I have been tracking all along).

Nov 15: $165k / $236k
Dec 15: $162k / $257k
Jan 16: $152k / $259k
Feb 16: $166k / $275k
Mar 16: $185k / $295k
Apr 16: $192k / $305k
May 16: $201k/ $315k
Jun 16: $204k / $320k
Jul 16: $221k / $339k
Aug 16: $227k / $347k
Sep 16: $230k / $352k
Oct 16: $234k / $357k
Nov 16: $242k / $367k
Dec 16: $276k / $403k

The drop in the first number at the beginning of 2016 was me using some cash to pay off our piggyback HELOC from a year-end bonus and realizing we didn't need such a large emergency fund. Home value is calculated just using inflation. Based on a recent sale a couple houses down I could use a number about $100k higher but I'm hesitant to add that much 18 months after we bought the place. I like this way better for consistency.

It was a good year. Almost $150k in growth. The big bump in December was due to year-end bonus.
« Last Edit: December 30, 2016, 09:29:15 AM by jorjor »

Libertea

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I'm there....
« Reply #418 on: December 31, 2016, 07:21:12 AM »
06/30/2015: $235,381.93
09/30/2015: $261,677.00
12/31/2015: $320,374.69
03/31/2016: $364,966.71
06/30/2016: $412,580.03
09/30/2016: $468,895.06
12/31/2016: $525,049.59

Icecreamarsenal

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Re: I'm there....
« Reply #419 on: December 31, 2016, 10:57:47 AM »
06/30/2015: $235,381.93
09/30/2015: $261,677.00
12/31/2015: $320,374.69
03/31/2016: $364,966.71
06/30/2016: $412,580.03
09/30/2016: $468,895.06
12/31/2016: $525,049.59

Ding ding, congrats!  Great way to end '16.

MickeyMoustache

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Re: I'm there....
« Reply #420 on: December 31, 2016, 01:45:13 PM »
06/30/2015: $235,381.93
09/30/2015: $261,677.00
12/31/2015: $320,374.69
03/31/2016: $364,966.71
06/30/2016: $412,580.03
09/30/2016: $468,895.06
12/31/2016: $525,049.59

Nice job!  Welcome to the next thread! :)

Firette2020

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Re: Race from 250 to 500k!
« Reply #421 on: December 31, 2016, 03:50:15 PM »
I thought we were started with $230k, but Mint says we started this year with $180k in (non-real estate) investments. I must have been using some funky math. Regardless, I'll stick around in this forum and see if we can zoom ahead to $500k in non-real estate investments in the next year.

January 2016     $180,487.51
February 2016     $178,807.52
March 2016     $199,641.29
April 2016             $204,317.21
May 2016             $216,872.88
June 2016             $215,555.15
July 2016             $225,610.86
August 2016     $227,604.82
September 2016  $228,110.44
October 2016     $224,346.64
November 2016     $229,089.55
December 2016     $233,098.66

« Last Edit: December 31, 2016, 03:52:39 PM by Firette2020 »
House hacker, solo indie game developer.

kapnfriday

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Re: Race from 250 to 500k!
« Reply #422 on: January 01, 2017, 04:41:13 PM »
Updating with December's total. 

8-2016: $369,217
9-2016: $373,735
10-2016: $369,721
11-2016: $385,057
12-2016: $399,209

neo von retorch

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Re: Race from 250 to 500k!
« Reply #423 on: January 01, 2017, 06:25:09 PM »
12/31/2015:     $245,147
1/31/2016:       $253,633
2/29/2016:       $265,274
3/31/2016:       $261,821
4/30/2016:       $273,255
5/31/2016:       $279,364
6/30/2016:       $287,929
7/31/2016:       $280,650
8/31/2016:       $292,791
9/30/2016:       $301,263
10/31/2016:     $300,583
11/30/2016:     $307,726
12/31/2016:  $319,423 (+11,697)

Somewhat good month. Quarterly update of dividends/investment values.

onlykelsey

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Re: Race from 250 to 500k!
« Reply #424 on: January 02, 2017, 01:58:51 AM »
December 2013: 142K
March 2014: 178K
June 2014: 191K
September 2014: 205K
December 2014: 231K
March 2015: 232K (I self financed half a wedding this quarter, and began subsidizing now husband)
June 2015: 249K
September 2015: 272K (a new~30K in debt showed in this quarter from the first half of a 60K roof assessment I didn't have cash on hand for)
December 2015: 326K
March 2016: 342K
June 2016: 389K
September 2016: 457K (began booking a 4540K "liability" that I would incur if I wanted to liquidate my condo, which I include in this NW total)
December 2016: 511K(+185K year on year)

Mostly as a reminder to self, I've been using my personal capital net worth total here, minus my shared accounts with my husband.

I guess I've graduated out of this thread at this point.  We'll see where I am at month's end.

TheAnonOne

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Re: Race from 250 to 500k!
« Reply #425 on: January 02, 2017, 05:32:18 PM »

Coming back to update... for end of DEC

2015 DEC:252k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)

+$116,000 this year! Aiming, for just under 100k in any given year of savings. Though, I am really only tracking worth gains, not savings directly. (So it includes gains/losses in the market) Given 0 month(s) left, and (-16k) more to go, I hit this goal!

JustGettingStarted1980

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Re: Race from 250 to 500k!
« Reply #426 on: January 02, 2017, 07:04:37 PM »
April-15     $133,400.00 (+23,993)
July-15   $179,961.40 (+46,561)
Oct-15      $207,727.22 (+27,765)
Jan-16      $257,514.77 (+49,787) -> $148,106 NW gain for 2015
-------------------------------------------
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)
Oct -16     $357,689.04 (+53,415)
Jan -17     $405,710.23 (+48,021) -> $148,195 NW gain for 2016. 

A foolish consistency is the hobgoblin of little minds :)

JGS

SAfAmBrit

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Re: Race from 250 to 500k!
« Reply #427 on: January 02, 2017, 10:29:48 PM »
 Hoping to be at $500,000 in 08/2018.

July 2016 - $257,306
August 2016 - $264,625
September 2016 - $270,695
October 2016 - $283528
November 2016 - $291396
December 2016 - $295603

As expected not a big jump in December - had a family reunion in Australia. First time my parents had all 3 kids in one place in 17 years; Their faces and reaction to the surprise - Priceless!!

YoungGranny

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Re: Race from 250 to 500k!
« Reply #428 on: January 03, 2017, 07:52:29 AM »


Starting 10/2016 - $310,000 (rough estimate since we still have a few accounts left to be merged)
11/2016 - $328k
12/2016- $347k


1/2017 $358.7k

We made a large effort to cut Christmas spending this year. Other than that nothing crazy, still in the process selling our old house so I'm happy with that increase.


CashFlowTurtle

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Re: Race from 250 to 500k!
« Reply #429 on: January 03, 2017, 08:55:51 AM »
Mission accomplished, took 13-14 months. Managed a ~70% savings rate, and increased net worth significantly more than our after-tax income.


1.1.13    (126,145)
1.1.14    (48,080)
9.1.14    0                           (estimate)

1.1.15    67,628

5.1.15    128,341  <-got personal capital sorted out
6.1.15    153,864
7.1.15    160,139
8.1.15    167,956
9.1.15    186,156
10.1.15  208,782
11.1.15  241,454
12.1.15  273,331
1.1.16    290,922
2.1.16    299,862
3.1.16    326,892
4.1.16    381,543
5.1.16    398,988
6.1.16    412,816
7.1.16    436,692
8.1.16    436,603
9.1.16    446,107
10.1.16  449,887
11.1.16  468,062
12.1.16  490,832
1.1.17    503,540

Next goal, 1 million. Hoping to hit it by 2018, going to be a stretch though.

skip207

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Re: Race from 250 to 500k!
« Reply #430 on: January 03, 2017, 09:01:09 AM »
I am new around these parts but been reading here for a good year or so.
This year my resolution is to try and make that big push towards £500k for 2020. (I am in GBP).  Goal for 2025 is £0.75M and £1M by 2030.
If I can make a dent this year and click over 400k I will be happy!  NB my NW includes all my assets after any finance.  Includes savings, investment property, classic car and pension.

1/1/16 = £288,240
1/1/17 = £374,668

dandypandys

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Re: Race from 250 to 500k!
« Reply #431 on: January 04, 2017, 03:46:28 AM »
Hello! Just graduated from the 250k one at the beginning of the year, how perfect!
Should be a good year, condo is paid off, no debts, upping my contributions in 403b to the max.. then trying to figure out where to stick the rest. Need to read a little more as still confused about that.

2017
Jan 1st: 252k

kapnfriday

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Re: Race from 250 to 500k!
« Reply #432 on: January 04, 2017, 10:48:13 AM »
Wow, some of you really are racing to $500k - congratulations.  Is there a thread for those who are on a brisk walk to $500k? 

boarder42

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Re: Race from 250 to 500k!
« Reply #433 on: January 04, 2017, 11:09:20 AM »
nope this is it.. takes all types. 

our race started jan 2016 as far as invested goes.  and will end in june/july 2017 ... we've hit almost 600k NW but 150k is in the house and i want it all invested as the house will stay when we FIRE.
PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

zephyr911

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Re: Race from 250 to 500k!
« Reply #434 on: January 04, 2017, 12:09:30 PM »
Wow, some of you really are racing to $500k - congratulations.  Is there a thread for those who are on a brisk walk to $500k?
I'm loading up as fast as I can right now, but may shift to walk mode before $500K. My trigger event for semi-FIRE is not a Stash number, so it's impossible to tell right now. As soon as PT work + rent = expenses, I'll quit FT and let the Stash compound for a few years. I have some outsized single-stock holdings that could go up or down in the near future, making the NW @ time of transition rather difficult to predict... and after that, the snowball will mostly roll on its own, instead of my piling the bulk of my earnings on it as it goes.
I am not a cog. I am an organizational lubricant.

Ladychips

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Re: Race from 250 to 500k!
« Reply #435 on: January 04, 2017, 01:23:59 PM »
I want in please.  We are currently at $352,398.01 (or were at the end of December).  My actual goal is to get to $600,000 in 5.5 years (which is when we are pulling the retirement trigger).  I'm hoping we can get there!!

Love seeing everyone's progress!

JustGettingStarted1980

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Re: Race from 250 to 500k!
« Reply #436 on: January 04, 2017, 03:52:09 PM »
Very impressed by everyone's progress. I appreciate this thread very much as a form of public (but not too public) accountability.  I really appreciate everyone's continued encouragement as well.

Cheers to a successful 2017 to all!  JGS

OurTown

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Re: Race from 250 to 500k!
« Reply #437 on: January 05, 2017, 09:09:10 AM »
My philosophy is, any month net worth goes up is a good month. 

skcook

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Re: Race from 250 to 500k!
« Reply #438 on: January 08, 2017, 03:41:24 PM »
Happy New Year to everyone!

Net worth estimate up to $410k, another larger than anticipated increase, mostly due to increasing my home value estimate another $20k and including $10k of liquid savings that I had not previously figured into my number. I know that using the Zestimate is not super accurate, but I am still about $60k below that number. Otherwise I did increase my 401k contribution up to 21% (from 18%, I think) and we had some modest growth of our investments.

Net worth estimate is $370k this month, up a good chunk from the last time I posted (which I think was early September). Most of the jump accounts for increasing my estimate of our house worth about $15k, after having a. looked at the Zillow estimate (which is way, way higher than my own estimate) for the first time in almost a year, and b. heard about the sale prices of comparable houses in our neighborhood. Also had a jump of over $5k due to getting a quarterly statement from one of my husband's old 401ks. Plus the usual contributions to our current 401ks and some modest growth. Still pessimistic about getting to $500k before 2019 due to upcoming mat leave/child care spending increases but I guess it could happen.

caracarn

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Re: Race from 250 to 500k!
« Reply #439 on: January 09, 2017, 11:09:13 AM »
Did not know these existed.  I'll join in, but we just rejiggered our free cash flow to go from investing to saving for kids college for the next 10 years so thinking we are going to hit a wall, but will be fun to see.  I will just post quarterly numbers for progression.  We also had an unusual situation for thee months in 2016 where I switched jobs and had severance coming in while working new job (good problem to have for investing). 

1/1/2015 - $319,018
3/31/2015 - $358,647
6/30/2015 - $350,887
9/30/2015 - $329,044
12/31/2015 - $340,246
3/31/2016 - $390,030
6/30/2016 - $408.983
9/1/2016 - $447,834

12/31/2016 - $459,423

2Birds1Stone

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Re: Race from 250 to 500k!
« Reply #440 on: January 13, 2017, 06:41:14 AM »
1/1/2017 - $256,000
« Last Edit: January 13, 2017, 09:24:22 AM by 2Birds1Stone »
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33 Months till FIRE - Stop by, or stay a while.....
https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/

MayDay

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Re: Race from 250 to 500k!
« Reply #441 on: January 13, 2017, 07:51:08 AM »
Dec 16: 492k. So close!

We have definitely reached a tipping point where market gains are a larger contributor than our actual savings some months. Obviously that might change if the market corrects.

We'll probably hit it at the end of Jan. Then it's off to 1 million.
Journal:  http://forum.mrmoneymustache.com/journals/mayday's-journal/350/  featuring children, chickens (new!) and other ch words.

TheAnonOne

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Re: Race from 250 to 500k!
« Reply #442 on: January 13, 2017, 09:02:20 AM »
1/1/2016 - $256,000

Surely you mean 2017?

2Birds1Stone

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Re: Race from 250 to 500k!
« Reply #443 on: January 13, 2017, 09:24:10 AM »
1/1/2016 - $256,000

Surely you mean 2017?

Great catch! I still forget it's 2017 already!
"A small house can hold as much happiness as a big one." - Fortune Cookie

33 Months till FIRE - Stop by, or stay a while.....
https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/

bownyboy

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Re: Race from 250 to 500k!
« Reply #444 on: January 18, 2017, 01:19:52 AM »
Morning everyone!

Joining this race from the depths of frosty Surrey, UK.

Current FI Fund at January 2017 is £346k

Plan is to hopefully get to £500k by December 2018.

I currently track FI Fund and Networth in a Google spreadsheet and update monthly so I'll pop back on 1st Feb to see how things have gone.

Good luck everyone!

tyort1

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Re: Race from 250 to 500k!
« Reply #445 on: January 20, 2017, 09:54:31 PM »
Moving into this thread after spending a bit of time in the 100k to 250k thread.  Feels good to be a quarter-millionaire!  Haha.  We're at $282k right now, woot!
Frugalite in training.

skip207

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Re: Race from 250 to 500k!
« Reply #446 on: January 23, 2017, 02:12:20 AM »
Morning everyone!

Joining this race from the depths of frosty Surrey, UK.

Current FI Fund at January 2017 is £346k

Plan is to hopefully get to £500k by December 2018.

I currently track FI Fund and Networth in a Google spreadsheet and update monthly so I'll pop back on 1st Feb to see how things have gone.

Good luck everyone!

Good luck, we are also UK based.  We technically need a GBP thread :D 

We are at a similar point now, you will be well ahead of me if you reach your 500k by end of 18 though. 

Out of interest what is your strat?  I am going with property (rental - owned not BTL) plus cash savings, PBs (security only!), 123 and pension.
Not touching Woodford etc yet too toppy for me. 

RWD

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Re: Race from 250 to 500k!
« Reply #447 on: January 23, 2017, 07:19:08 AM »
Good luck, we are also UK based.  We technically need a GBP thread :D

You could always stay in this thread and just race from £200k to £400k (based on current exchange rate).

OurTown

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Re: Race from 250 to 500k!
« Reply #448 on: January 23, 2017, 10:42:48 AM »
Meh, it's really more about achieving the goal than the amount of the goal achieved.  USD, Canadian, Australian dollars, Euros, GBP, are all relatively in the same ballpark, imo.  Now if you are talking some undervalued third-world currency, then you should probably do a conversion. 

OurTown

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Re: Race from 250 to 500k!
« Reply #449 on: January 23, 2017, 10:46:37 AM »
http://www.telegraph.co.uk/finance/personalfinance/9672926/The-worlds-least-valuable-currencies.html

For example, don't post here if you are saving in Vietnamese "Dong."  It's 33,000 "Dong" to one GBP.