Author Topic: Race from 250 to 500k!  (Read 79027 times)

RWD

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Re: Race from 250 to 500k!
« Reply #450 on: January 23, 2017, 11:13:12 AM »
For example, don't post here if you are saving in Vietnamese "Dong."  It's 33,000 "Dong" to one GBP.

Join me in my race to 10,000,000,000₫!

OurTown

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Re: Race from 250 to 500k!
« Reply #451 on: January 23, 2017, 11:35:08 AM »
For example, don't post here if you are saving in Vietnamese "Dong."  It's 33,000 "Dong" to one GBP.

Join me in my race to 10,000,000,000₫!

That's nothing.  You should see the size of my dong!

bownyboy

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Re: Race from 250 to 500k!
« Reply #452 on: January 23, 2017, 02:38:06 PM »
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.

Thanks. We have a combination of Stocks & Shares ISA's, Personal Pensions with some cash in Santander 123.

Currently I'm throwing as much as I can into my pension to get the 40% tax relief (who knows how much long this will last?).

We hope by 2020 we will have 600k allowing us 4% withdrawal of 24k per year, which is in line with our spending.

I don't think we will stop work completely, more like we will do some consultancy here and there (we working in IT and Marketing).

Longer term, we will rent out our house and use the proceeds to rent lower cost areas near the sea or abroad.

We don't have children (and no plans) so longer term we may either sell the house and downsize or reverse mortgage to ensure we spend everything before we die!

But anything can happen between now and then, so here's to the fun journey!



BBub

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Re: Race from 250 to 500k!
« Reply #453 on: January 25, 2017, 09:20:28 AM »
Nov 31, 2015: $254,178
Dec 31, 2015: $258,054
Jan 31, 2016: $264,247
Feb 29, 2016: $271,241
Mar 31, 2016: $300,034
Apr 30, 2016: $317,839
May 31, 2016: $330,411
Jun 30, 2016:  $333,663
Jul 31, 2016:   $348,945
Aug 31, 2016: $359,418
Jan 25, 2017: $446,514

Haven't checked in for a while, but things are progressing nicely!  14 months in & we're closing in on the finish.  Can't be sure when we will cross over.  Roughly $200k down & $50k to go!

BBub

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Re: Race from 250 to 500k!
« Reply #454 on: January 25, 2017, 09:22:46 AM »
Ha.  Ok, sounds good to me.  That will be quite the challenge. 

16 months is my goal then.  $500k by Feb 2017.  That's $15,625/mo. I don't see how this will happen, but here goes!

Ok, looking back my original stretch goal was Feb 2017... That almost certainly won't happen, but it's still nice to know we're tracking pretty closely.

ahueston

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Re: Race from 250 to 500k!
« Reply #455 on: January 25, 2017, 01:55:26 PM »
I haven't updated in a while but as of 1/1/17 I am up to 354,045.50.  About 31K is investment gains, 8K employee match, and 37 contributions

UnleashHell

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Re: Race from 250 to 500k!
« Reply #456 on: January 26, 2017, 05:56:16 PM »
October 31st
just over 500K

and as the market has dropped since I'm still in the 250k to 500k club :D

well out of here now. now climbed to almost 550k so i'm moving over to the 1m thread. not sure i'll get there as i intend to quit work soon .

good luck - just buy vanguard instead of shit and you'll get there...


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).


after the banks take their cut then its about the same in usd as gbp...


which is handy for those of us who pop back to visit. drops any more and i might be able to trade in my lakeside florida property for a small flat in Hastings!!!   on second thoughts... maybe i won't..
« Last Edit: January 27, 2017, 05:30:48 AM by UnleashHell »
_____________
JTF 96

garth

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Re: Race from 250 to 500k!
« Reply #457 on: January 26, 2017, 09:03:36 PM »
Nov 31, 2015: $254,178
Dec 31, 2015: $258,054
Jan 31, 2016: $264,247
Feb 29, 2016: $271,241
Mar 31, 2016: $300,034
Apr 30, 2016: $317,839
May 31, 2016: $330,411
Jun 30, 2016:  $333,663
Jul 31, 2016:   $348,945
Aug 31, 2016: $359,418
Jan 25, 2017: $446,514

Haven't checked in for a while, but things are progressing nicely!  14 months in & we're closing in on the finish.  Can't be sure when we will cross over.  Roughly $200k down & $50k to go!

Wow, nearly $100k in the last 6 months. Nice job! I hit $250k around the same time as you, so I was tracking my progress against yours, but you've left me in the dust. I'll see you in the $500k-$1MM thread hopefully starting Jan 2018.

RWD

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Re: Race from 250 to 500k!
« Reply #458 on: January 27, 2017, 08:07:25 AM »
Nov 31, 2015: $254,178
Dec 31, 2015: $258,054
Jan 31, 2016: $264,247
Feb 29, 2016: $271,241
Mar 31, 2016: $300,034
Apr 30, 2016: $317,839
May 31, 2016: $330,411
Jun 30, 2016:  $333,663
Jul 31, 2016:   $348,945
Aug 31, 2016: $359,418
Jan 25, 2017: $446,514

Haven't checked in for a while, but things are progressing nicely!  14 months in & we're closing in on the finish.  Can't be sure when we will cross over.  Roughly $200k down & $50k to go!

Wow, nearly $100k in the last 6 months. Nice job! I hit $250k around the same time as you, so I was tracking my progress against yours, but you've left me in the dust. I'll see you in the $500k-$1MM thread hopefully starting Jan 2018.

Same here. We were at ~$250k in December 2015 and ~$385k now. If the market does well we'll probably hit $500k by the end of the year but otherwise I'm expecting early 2018.

2Birds1Stone

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Re: Race from 250 to 500k!
« Reply #459 on: January 27, 2017, 08:43:05 AM »
1/1/2017 - $256,000
2/1/2017 - $265,000

*assuming nothing major happens in the market* (it went up, edited for accuracy)
« Last Edit: February 01, 2017, 05:25:35 PM by 2Birds1Stone »
"A small house can hold as much happiness as a big one." - Fortune Cookie

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

garth

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Re: Race from 250 to 500k!
« Reply #460 on: January 27, 2017, 10:36:18 AM »
Nov 31, 2015: $254,178
Dec 31, 2015: $258,054
Jan 31, 2016: $264,247
Feb 29, 2016: $271,241
Mar 31, 2016: $300,034
Apr 30, 2016: $317,839
May 31, 2016: $330,411
Jun 30, 2016:  $333,663
Jul 31, 2016:   $348,945
Aug 31, 2016: $359,418
Jan 25, 2017: $446,514

Haven't checked in for a while, but things are progressing nicely!  14 months in & we're closing in on the finish.  Can't be sure when we will cross over.  Roughly $200k down & $50k to go!

Wow, nearly $100k in the last 6 months. Nice job! I hit $250k around the same time as you, so I was tracking my progress against yours, but you've left me in the dust. I'll see you in the $500k-$1MM thread hopefully starting Jan 2018.

Same here. We were at ~$250k in December 2015 and ~$385k now. If the market does well we'll probably hit $500k by the end of the year but otherwise I'm expecting early 2018.

Looks like we've been moving at a similar clip as I'm also at $385k now. Only another month or two until $400k.

FrozenBits

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Re: Race from 250 to 500k!
« Reply #461 on: January 27, 2017, 02:29:39 PM »
Been a while.... Updated numbers below! Slowly chugging along...



End Of
2014-Q1:                $55,471
2014-Q2:                $78,319
2014-Q3:                $84,251
2014-Q4:                $106,801
2015-Q1:                $126,464
2015-Q2:                $145,996
2015-Q3:                $151,957
2015-Q4:                $203,486
2016-Q1:                $217,931
2016-Q2:                $233,784
2016-Q3:                $255,000
2016-Q4:                $276,375

Current:                  $287,800

Creeping up on 300k.  That will be another fun milestone to hit! :)

tyort1

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Re: Race from 250 to 500k!
« Reply #462 on: January 27, 2017, 02:32:27 PM »
Been a while.... Updated numbers below! Slowly chugging along...



End Of
2014-Q1:                $55,471
2014-Q2:                $78,319
2014-Q3:                $84,251
2014-Q4:                $106,801
2015-Q1:                $126,464
2015-Q2:                $145,996
2015-Q3:                $151,957
2015-Q4:                $203,486
2016-Q1:                $217,931
2016-Q2:                $233,784
2016-Q3:                $255,000
2016-Q4:                $276,375

Current:                  $287,800

Creeping up on 300k.  That will be another fun milestone to hit! :)

Slowly plugging along?  Hella great progress there, you should be proud of that!
Frugalite in training.

skip207

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Re: Race from 250 to 500k!
« Reply #463 on: January 27, 2017, 03:03:42 PM »
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.

Thanks. We have a combination of Stocks & Shares ISA's, Personal Pensions with some cash in Santander 123.

Currently I'm throwing as much as I can into my pension to get the 40% tax relief (who knows how much long this will last?).

We hope by 2020 we will have 600k allowing us 4% withdrawal of 24k per year, which is in line with our spending.

I don't think we will stop work completely, more like we will do some consultancy here and there (we working in IT and Marketing).

Longer term, we will rent out our house and use the proceeds to rent lower cost areas near the sea or abroad.

We don't have children (and no plans) so longer term we may either sell the house and downsize or reverse mortgage to ensure we spend everything before we die!

But anything can happen between now and then, so here's to the fun journey!

Sounds similar to us, we also have no kids.  The plan is to sell the houses and travel for a while.  Been crunching the numbers more and more recently and I hope to hit our target a bit sooner than 2030 where it was planned and perhaps as soon as 2025 if the markets play ball and we do ok with our business.  The one thing I don't take into consideration is the value of our business - but if we could sell it I suspect 2025 is very possible.

YellowCat

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Re: Race from 250 to 500k!
« Reply #464 on: January 28, 2017, 05:56:36 AM »
March Update: I'm adding 2015 quarterly (for comparison) and switching over to a monthly update format for 2016...I think this will make it easier for me to track incremental progress. Year-over-year increase from March 2015 to March 2016 is $102,086 (!)

Dec 2014: $190,811
Mar 2015: $238,653 (+$47,842)
Jun 2015: $262,010 (+$23,357)
Sep 2015: $276,420 (+$14,410)
Dec 2015: $310,350 (+$33,930)
Jan 2016: $307,436 (-$2,914)
Feb 2016: $315,430 (+$7,994)
Mar 2016: $340,739 (+$25,309)

My husband inadvertently just set our $500k NW goal by declaring that he wants to be a "half-millionaire" by his 30th birthday. So, we have until August 2017 to hit $500k in investible NW. Given our current trajectory, I think this is very likely! I'm personally aiming to hit $500k in March of 2017...no math here, just sending good vibes out into the universe.

And a quick NW update, still going strong! Some of the significant increases are due to bonuses - Brown Bear's 6% bonus in April, and then my $5k signing bonus in May.
 
Apr 2016: $356,946 (+$16,207)
May 2016: $370,408 (+$13,462)

I think we're on track to hit $400k by Brown Bear's 29th birthday in August! Have to wait and see how things go...

Movin' on up...
June 2016: $377,258 (+$6,850)

I should probably mention that we've been diverting all of our extra cash into our house downpayment fund (besides 401(k) contributions, set to max for both). Sadly this means our monthly gains aren't so high right now since the house money is in a checking account yielding 0.75% per year. Still, this tactic means we're dropping $4,380/month into 401(k)s (including matching) and $3k per month into the house fund. Not too shabby. We probably won't hit $400k by the end of August, though, without some magic happening.

On to July!
July 2016: $397,978 (+$20,720)

Looks like magic is actually happening - $400k here we come (so close!) Did I mention that we did put an offer in on a house, and it was accepted? Our home inspection is scheduled for Wednesday and barring catastrophe we should be good to go!! I'm super excited :) We're doing some funny shuffling of funds right now but since we haven't actually paid anything for the house yet - we've just been moving money around - it's all still there. It's just that $85k of our total money pile is in cash....About $50k set aside for house/closing costs and the remainder for home improvement, which we're hoping will only cost ~$20k.

August Update: $403,403 (+$5,425) We've just cleared $400k!!!

Despite clearing $400k (which = awesome!!), this month's gain is only a tiny increase over July because we spent vast amounts of money last month. We bought our plane tickets to visit Brown Bear's family at Christmas ($3,328) and also bought some furnishings for our new house plus paid for the home inspection, appraisal, and sewer clean out ($2,770 total). That means our normal spending was ~$3,500, which is great, but add all that other shit in and you get to $9,500 in spending for August and it's just staggering. I hope to keep the general Sept spending lower despite our plans to close on the house this month. That said, we did take advantage of some good labor day sales for more home furnishings and hardware store necessities - $1231 so far and counting...Pretty soon here we will have to start re-calculating NW including home equity!

Looks like I've been neglecting this thread :/ we did just (finally!) get home internet service a few weeks ago but I'm still firmly in the habit of staying off the computer when I'm at home, so haven't been posting all that much. Wanted to give a bit of a NW update for January, though. Including home equity, which currently stands right around $47,433 if you don't include our home improvements in our home value, our NW as of today is $444,411. That's pretty good considering we put just shy of $45k cash into home improvements & closing costs last year! We're all set up to save save save this year, though, since the big house stuff is all wrapped up. Plus our annual household income has increased from $170,600 in Jan 2016 to $183,570 in 2017 (+$12,970) due to my husband's mid-2016 promotion plus year-end increases for both of us. This doesn't include any bonus income we may see this year. Woo hoo! Based on my preliminary calculations we are on track to save ~$102k this year in 401(k)s + matching, 2x Roth IRAs (already max-ed out), and taxable investments, not including any bonus income. So we sure as hell better hit $500k by August 2017! Let the compounding begin!
« Last Edit: January 28, 2017, 06:01:51 AM by YellowCat »
Aiming for $1.25M by 2020...

Rife

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Re: Race from 250 to 500k!
« Reply #465 on: January 29, 2017, 05:18:12 PM »
Hello everyone, I am joining using my investments as a basis. We have another 200000 or so in house equity, but that is hard to judge exactly what we would get if we tried to sell. I know exactly how much is in my investment portfolio. Currently, this is mostly 401k, with some HSA, and college fund. One goal for this year is to start building up non-401k investments.

Jan 2017: $305,000

SAfAmBrit

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Re: Race from 250 to 500k!
« Reply #466 on: January 29, 2017, 07:54:36 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
January 2017 - $303,195

Hoping for $400,000 by December 2017. All going well the house will be paid 09/17 which will leave a few months for large investment deposits. I still cannot believe we jumped for a NW of $8,000 in 2013 to $303,195 in 2017. Imagine where we would be if we had started this sooner!

MrsWolfeRN

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Re: Race from 250 to 500k!
« Reply #467 on: January 31, 2017, 07:35:52 AM »
According to Mint I hit 250,055  today!!!

Granted this is due to market gains (my NW went up by close to 2x gross earnings this month). My goal is 300 by the end of the year if the stock market continues to increase, or 280 if it stays the same or goes down.

I am including home equity + retirement accounts, taxable accounts, and savings/checking that are in my name. I am not including my husband's 401k, bank account, or Robin Hood account (mainly because I don't have this information in Mint).

TheAnonOne

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Re: Race from 250 to 500k!
« Reply #468 on: January 31, 2017, 08:35:52 AM »
According to Mint I hit 250,055  today!!!

Granted this is due to market gains (my NW went up by close to 2x gross earnings this month). My goal is 300 by the end of the year if the stock market continues to increase, or 280 if it stays the same or goes down.

I am including home equity + retirement accounts, taxable accounts, and savings/checking that are in my name. I am not including my husband's 401k, bank account, or Robin Hood account (mainly because I don't have this information in Mint).

Welcome aboard! This is like the MMM middle class, we look down from our lofty peaks at sub-quarter-millionaires and gaze stary-eyed up at the clouds and wonder if someone is looking back at us from the "500->1m" thread.

TheAnonOne

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Re: Race from 250 to 500k!
« Reply #469 on: January 31, 2017, 08:43:33 AM »

Coming back to update...

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)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)

+$35k 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 10 month(s) left, and (67k) more to go, I should hit this goal!

401k MAXED (Mine only, Wife's is going per check all year)
IRA MAXED (Mine only, Wife's is getting maxed in 2 weeks)
« Last Edit: February 28, 2017, 11:59:11 AM by TheAnonOne »

neo von retorch

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Re: Race from 250 to 500k!
« Reply #470 on: January 31, 2017, 08:44:02 AM »
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:     $319,285 (+11,559)
1/31/2017:    $326,030 (+6,745)

Some good, some bad this month. Florida trip included Disney tickets (2 days) and massive eating out. Also some high pet costs (vet bills, food and training) for our new rescue. Had to fill heating oil tank and get a dehumidifier for the basement. Otherwise, we did really well in most categories. (No investment changes tracked this month.)
« Last Edit: February 01, 2017, 06:35:15 AM by neo von retorch »

garth

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Re: Race from 250 to 500k!
« Reply #471 on: January 31, 2017, 05:06:23 PM »
Another month where we added $10k+ to the coffers. We've been up every month since last January, but I expect that trend will be hard to sustain as our holdings grow.

Seems pretty unlikely that we hit $400k next month. Especially since I'm hoping to get our interior painted (to the tune of $6k). Nevertheless, 400 grand is the next domino to fall. 

Nov 15: $255k
Dec 15: $256k
Jan 16: $241k
Feb 16: $255k
Mar 16: $277k
Apr 16: $290k
May 16: $294k
Jun 16: $305k
Jul 16: $330k
Aug 16: $336k
Sept 16: $345k
Oct 16: $351k
Nov 16: $363k
Dec 16: $376k
Jan 17: $387k

JJsfr

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Re: Race from 250 to 500k!
« Reply #472 on: January 31, 2017, 10:06:21 PM »
Hello everybody. Starting here after graduating from the $100k-$250k thread.

Jan 2017  $275k

boarder42

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Re: Race from 250 to 500k!
« Reply #473 on: February 01, 2017, 05:48:21 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
2/1/17 - 461k / 607k NW

hate how my company does stock.  NW is probably 8k higher right now but i wont know til april when the external company evaluates our company and gives us a share price.  This will likely lead to 1 extra year "worked"(i plan to take lots of unpaid time off my final year. 
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.

dandypandys

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Re: Race from 250 to 500k!
« Reply #474 on: February 01, 2017, 07:03:35 AM »
 2015
    Jan 1st: 98,437.97
    Feb 1st: $96,898.03
    Mar 1st: $103,345.54
    Apr 1st: $103,819.64
    May 1st $105,766.12
    Jun 1st $106,565.54
    Jul 1st: $105,252.33
    Aug 1st: $106,267.37
    Sept 1st: $99,122.12
    Oct 1st: $99,291.91
    Nov 1st: $105,204.00
    Dec 1st : $107,535.51

    2016
    Jan 1st:$104,592.84
    Feb 1st: $99,467.66
    March 1st:$101, 189.11
    April 1st: $107,119.81
    May 1st: $107,369.22
    June 1st: $110,836.03  my contributions went up this month to 10%
    July 1st: $112,327.7
    Aug 1st: $116,833.52  upped contributions to 10.5%
    Sept 1st: $118,564.37
    Oct 1st   $229,717.00 Paid off the condo this month :) and included as an asset going forth.
    Nov 1st  $232,973 upped contributions again this month 21.5%- next month will be 30% :)
    Dec 1st $237,953.93   

2017
Jan 1st: 252k
Feb 1st: 257k

We worked hard figuring stuff out last month and thus we contributed 5.5 to each of our tIRAs for 2016 and saved some taxes :) Next up is the 2017 amount then back to funding the 403b higher.
« Last Edit: February 20, 2017, 11:51:06 AM by dandypandys »

kapnfriday

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Re: Race from 250 to 500k!
« Reply #475 on: February 01, 2017, 05:36:10 PM »
8-2016: $369,217
9-2016: $373,735
10-2016: $369,721
11-2016: $385,057
12-2016: $399,209
1-2017: $408,813

I suspect our invested asset gains will start to become more modest over the next several months as we've decided to change directions a bit and knock out the one thing that is really holding us back: the mortgage on the second home.  We owe $158k on our cabin and have decided to try and pay it off within 5 years. We're not making any changes to 403b/401k contributions so hopefully the invested assets will still continue to climb even it is a bit more slowly.

MayDay

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Re: Race from 250 to 500k!
« Reply #476 on: February 01, 2017, 06:13:44 PM »
And I'm out!

We hit 503K in Jan.  2 years 4 months from when we were at 250K. 

Its been fun ;)
Journal:  http://forum.mrmoneymustache.com/journals/mayday's-journal/350/  featuring children, chickens (new!) and other ch words.

BiscuitsForBreakfast

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Re: Race from 250 to 500k!
« Reply #477 on: February 01, 2017, 06:16:49 PM »
5/2016:   270,841
.
.
.
9/2016:   293,421
10/2016: 300,718
11/2016: 306,352
12/2016: 305,872 (numbers moving in the wrong direction...in part because I paid my property tax this month)
1/2017:   314,799

Most months this number increases by more than my salary...i will never get tired of that magic!

RWD

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Re: Race from 250 to 500k!
« Reply #478 on: February 01, 2017, 08:34:39 PM »
And I'm out!

We hit 503K in Jan.  2 years 4 months from when we were at 250K. 

Its been fun ;)

Congrats! I'm also expecting it to take us a little over two years.

OurTown

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Re: Race from 250 to 500k!
« Reply #479 on: February 02, 2017, 02:32:46 AM »
Went back and corrected January's number.

Jan. 1, 2017 = 461
Feb. 1, 2017 = 471

JustGettingStarted1980

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Re: Race from 250 to 500k!
« Reply #480 on: February 02, 2017, 06:09:22 PM »
Nice Play, MayDay!

bownyboy

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Re: Race from 250 to 500k!
« Reply #481 on: February 04, 2017, 02:52:53 PM »
Evening Everyone!

Its a new month and a big update from me:

  • Jan 2017 - 346,854
  • Feb 2017 - 388,581

A jump of 41,730 after discovering an old pension that I had taken out in 1991 using the Pensions Tracing Service the UK Government set-up last year. To say I was surprised would be an understatement!

My updated forecast has us hitting 500k in March 2019.

Firette2020

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Re: Race from 250 to 500k!
« Reply #482 on: February 05, 2017, 09:59:58 AM »
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.

Jan 2016     $180,487.51
Feb 2016     $178,807.52
Mar 2016     $199,641.29
Apr 2016     $204,317.21
May 2016     $216,872.88
Jun 2016     $215,555.15
Jul 2016      $225,610.86
Aug 2016    $227,604.82
Sep 2016    $228,110.44
Oct 2016     $224,346.64
Nov 2016     $229,089.55
Dec 2016     $233,098.66

Figured out part the problem, in December, I wasn't counting a couple of smaller accounts that I forgot about/were not in Mint. Adding in these overlooked accounts brings us to:

Jan 2017    $295,303.00
House hacker, solo indie game developer.

jorjor

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Re: Race from 250 to 500k!
« Reply #483 on: February 05, 2017, 12:25:55 PM »
Cash & invested / including home equity:
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
Jan 16: $289k / $419k

I didn't count it, but a house just down the block just told for an amount that would value mine for about $60k more than I'm currently using if valued at the same $/sq ft (reasonable assumption given since both were updated at around the same time).

skcook

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Re: Race from 250 to 500k!
« Reply #484 on: February 05, 2017, 02:42:23 PM »
Update (as always, includes investments, cash on hand, and home equity):

Feb 2017 - $418k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k

I know the latest number is higher than expected due to an increase in my home value estimate between October and January, but I'm still pretty pumped about the upward trajectory of our number. I have a general stretch goal of getting to $500k by the end of 2018, but I'm now more sanguine about us getting there at least a few months earlier than that.

Wondering if people include 529 savings in their NW number. I don't, mostly because I don't think of it as my money anymore, but I was just curious.

tightwaddy

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Re: Race from 250 to 500k!
« Reply #485 on: February 09, 2017, 11:13:52 AM »
Has been a long time since I checked in, during which time I used emergency fund to pay off mortgage $(~$30K) so I took a bit of a hit on liquid NW but new totals:

Invested (& Investable)
April 9, 2016:  $319,737
May 6, 2016: $325,093
June 8, 2016: $332,224
July 11, 2016:$337,287
August 8, 2016: $341,304
February 9, 2017: $361,822


Net Worth (Including Home Equity)
April 9, 2016:  $619,505
May 6, 2016: $629,924
June 8, 2016: $645,682
July 11, 2016: $687,219 (huge Zillow estimate increase ?)
August 8, 2016: $695,238 (Zillow decreased about $6K since last month)
February 9, 2017: $735,811 (Zillow down again--not taking any of the home equity too seriously)

4n6

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Re: Race from 250 to 500k!
« Reply #486 on: February 09, 2017, 08:13:12 PM »
We are sitting at 252k as of today. I am sure we will go down before 250k before hopefully hitting 300k by the end of the year if we have a good year.
Created a personal finance blog to track my progress to FI. Come check it out at http://www.reachingourbalance.com

jessicat

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Re: Race from 250 to 500k!
« Reply #487 on: February 15, 2017, 06:23:30 PM »
I am jumping in.  I am only doing investments.   Our house is paid off.  We are hoping it will only take us 2 years to hit 500k


February 2017-359k
« Last Edit: February 15, 2017, 06:28:04 PM by jessicat »

tightwaddy

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Re: Race from 250 to 500k!
« Reply #488 on: February 15, 2017, 06:36:18 PM »
I am jumping in.  I am only doing investments.   Our house is paid off.  We are hoping it will only take us 2 years to hit 500k

February 2017-359k

Seem to be tracking right along side you--$361k, looking to hit $500 by 12/31/2018.  No mortgage.

jessicat

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Re: Race from 250 to 500k!
« Reply #489 on: February 15, 2017, 08:04:03 PM »
Tightwaddy  I am happy to have someone in a similar situation to watch and cheer on!

skip207

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Re: Race from 250 to 500k!
« Reply #490 on: February 16, 2017, 02:12:57 AM »
1/1/16 = 288,240
1/1/17 = 374,668

Working away so late update.

1/2/17 = 388,289

ETA 500k = Q1 2019

skip207

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Re: Race from 250 to 500k!
« Reply #491 on: February 16, 2017, 02:21:26 AM »
Forgot to say might take a bit of a hit next month, probably going to pay off some debt (10k ish).
 

Replicated

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Re: Race from 250 to 500k!
« Reply #492 on: February 19, 2017, 07:11:51 PM »
Been a lurker for far too long, figured it's time to join the fray. Recently I've been quite lucky regarding market timing (I switched jobs and happened to rollover a 401k to an IRA at the right time) and the housing market. I'm not a market timer by any means, I just became one during the rollover from a job change.

01/26/16 - $236,000
03/02/16 - $251,000
04/11/16 - $274,000
05/02/16 - $284,000
06/06/16 - $292,000
07/04/16 - $296,000
08/01/16 - $312,000
09/06/16 - $344,000
10/01/16 - $374,000
11/04/16 - $365,000
12/05/16 - $385,000
01/04/17 - $391,000
02/01/17 - $404,000

boarder42

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Re: Race from 250 to 500k!
« Reply #493 on: February 20, 2017, 08:01:41 AM »
it will likely be april or may when we hit it if the market continues and i get my Opening day ticket investment sold.  sitting around 485k invested. right now if you include the assumed ESOP contribution and share price increase i'm projecting. so 15k isnt far off.  5k per month going in plus gains plus extras from external hustles should push us up there about 2-3 months prior to expectations.
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.

Enough

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Re: Race from 250 to 500k!
« Reply #494 on: February 20, 2017, 10:58:35 AM »
why not try doing 250 to 500 in quicker time than you did 100 to 250?

Last post in 100-250k here: http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/msg1440605/#msg1440605

Took me 26 months to go from 100-250, so that would require me to hit 500k on or before April 30th 2019.  Projection shows hitting it ~Jan 2021 at the current rate.  Slow and steady :)
« Last Edit: February 20, 2017, 11:14:53 AM by Enough »

SAfAmBrit

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Re: Race from 250 to 500k!
« Reply #495 on: February 27, 2017, 09:34:33 AM »
 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
January 2017 - $303,195
February 2017 - $314,589

A good strong month for us.

garth

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Re: Race from 250 to 500k!
« Reply #496 on: February 28, 2017, 05:22:05 AM »
Just crossed $400k this morning and only made it because our house painter hasn't cashed his check yet, but I'm going to celebrate the milestone anyway, however brief. Investments should top $350k sometime in March.

Nov 15: $255k
Dec 15: $256k
Jan 16: $241k
Feb 16: $255k
Mar 16: $277k
Apr 16: $290k
May 16: $294k
Jun 16: $305k
Jul 16: $330k
Aug 16: $336k
Sept 16: $345k
Oct 16: $351k
Nov 16: $363k
Dec 16: $376k
Jan 17: $387k
Feb 17: $404k

boarder42

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Re: Race from 250 to 500k!
« Reply #497 on: February 28, 2017, 06:34:05 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
2/1/17 - 461k / 607k NW
3/1/17 - 479k / 628k NW

have 6500 invested in Opening day baseball tickets not included as well as a company share price increase that we will find out april 12th that was effective Jan 1.  based on conservative projection on those 2 we are probably sitting around 500k right now but i'll wait til the money hits the bank.
« Last Edit: February 28, 2017, 06:55:25 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.

FrozenBits

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Re: Race from 250 to 500k!
« Reply #498 on: February 28, 2017, 09:19:41 AM »
We have officially broken the 300k mark.  It's been a wild market ride the last couple months so who knows where we will be at the end of the year.  I'd love to surpass 300k invested with a total NW of 375k but that would definitely be a stretch goal.  Updated numbers below.


End Of
2014-Q1:                $55,471
2014-Q2:                $78,319
2014-Q3:                $84,251
2014-Q4:                $106,801
2015-Q1:                $126,464
2015-Q2:                $145,996
2015-Q3:                $151,957
2015-Q4:                $203,486
2016-Q1:                $217,931
2016-Q2:                $233,784
2016-Q3:                $255,000
2016-Q4:                $276,375

Current:                  $304,248

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skcook

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Re: Race from 250 to 500k!
« Reply #499 on: February 28, 2017, 09:30:58 AM »
Update (monthly these days, as I am still on leave and kind of bored):

Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k