Author Topic: Race from 250 to 500k!  (Read 93533 times)

Pizzabrewer

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Re: Race from 250 to 500k!
« Reply #750 on: August 03, 2017, 09:50:18 PM »
Jan 1:  $170,881  (start of tracking)
Feb 1:  $183,768 
Mar 1:  $197,020 
Apr 1:  $202,363 
May 1: $223,229
Jun 1:  $244,355
Jul 1:   $249,532 
Aug 1:  $262,500

Looks like we are freshly-minted 1/4 millionaires!

Since discovering MMM less than a year ago our NW has grown at a good clip.  We have been saving more than we ever had in the past (many years of zero or negative saving) and we've also done some non-mustachian investing in single stocks.  Fortunately the stock picks have done exceedingly well and have powered most of our NW growth.  Yes we are due some facepunches but it seems that up to now we've been winning the stock-picking lottery (see the "Oops, I stock picked" thread in Investor Alley if interested).

In any event, we're glad to be making such progress and are happy to join this thread.

kaypinkhardhat

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Re: Race from 250 to 500k!
« Reply #751 on: August 04, 2017, 12:45:39 PM »

                    Investments/Cash/Assets     House*    House Appreciation    Total
August 2014              30k                        100k              0k                      130k     
August 2015               ???                        100k             ???                  More than 130k
August 2016               65k                       120k           ~60k                      245k
August 2017              250k                      130k           ~338k                    718k

Just looking at investments, math tells we will hit the 500k mark in ~3 years. We are working on uping our savings rate to speed that up. 

We may have some big life changes coming up (moving from a VHCOL city to a MCOL city), which will liquidate some of that stupid housing money. (Or the bubble is bursting and we will LOSE IT ALL. Any guesses what city i'm living in :D)


tyort1

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Re: Race from 250 to 500k!
« Reply #752 on: August 04, 2017, 01:21:43 PM »
Liquid net worth hit $330,000 today.  Don't know why, but that feels kind of awesome.

Once we hit $350,000 we'll have more in liquid savings (and retirement accounts) than we owe on our mortgage.  That will be an awesome day when it happens. 
Frugalite in training.

2Birds1Stone

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Re: Race from 250 to 500k!
« Reply #753 on: August 04, 2017, 07:05:41 PM »

Reasonable month. No investment gains logged in off months, but lowest pet costs in a while, got paid back for electronics I sold to a family member. Had to refill my escrow for insurance after changing providers, but still overall a healthy month. Looking forward to $400k!

We are still neck and neck my friend!
"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!/

CdnChris

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Re: Race from 250 to 500k!
« Reply #754 on: August 07, 2017, 01:11:45 PM »
  • February 1st: $271,698.51
  • March 1st: $298,326.11
  • April 1st: $307,087.83
  • May 1st: $321,801.45
  • June 1st: $315,121.88
  • July 31st: $320,849.33

Slight recovery in investments but mostly additional savings. Also, changed the reporting to the end of the month, I should have been doing that all along.

dandypandys

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Re: Race from 250 to 500k!
« Reply #755 on: August 09, 2017, 02:03:29 PM »

2017
Jan 1st: 252k
Feb 1st: 257k
Mar 1st: 269k    (4k back in taxes :)
April 1st: 273k
May 1st: $287 Net Worth 10k jump is our condo on zillow.
June 1st: $292
July 4th: $295
Aug 1st: $294k  Had to use 8k for new HVAC - now we need to build our savings account back up from zero! Surprised NW didn't go down more, maybe I have some things to reconcile still..

gmdv

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Re: Race from 250 to 500k!
« Reply #756 on: August 11, 2017, 02:40:35 PM »
I took a quick tally today and realized my net worth has passed the 250k mark. Time to aim for the next goal.

August 2017 - 295k

tightwaddy

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Re: Race from 250 to 500k!
« Reply #757 on: August 19, 2017, 08:36:15 AM »
Invested (& Liquid)
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
March 11, 2017: $368,914
April 16, 2017: $379,833
May 10, 2017: $390,728
June 13, 2017: $401,930
July 12, 2017: $410,646
August 19, 2017: $422,663

Original goal date was 12/18 but at current rate should be there by next mid-year.

tyort1

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Re: Race from 250 to 500k!
« Reply #758 on: August 19, 2017, 09:34:06 AM »

2017
Jan 1st: 252k
Feb 1st: 257k
Mar 1st: 269k    (4k back in taxes :)
April 1st: 273k
May 1st: $287 Net Worth 10k jump is our condo on zillow.
June 1st: $292
July 4th: $295
Aug 1st: $294k  Had to use 8k for new HVAC - now we need to build our savings account back up from zero! Surprised NW didn't go down more, maybe I have some things to reconcile still..

We also had large expenses over the past couple of months.  Mostly it just sucked up our cashflow during that time.  Net worth still went up, in spite of that.  Crazy!
Frugalite in training.