Author Topic: Race from 250 to 500k!  (Read 107802 times)

skip207

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Re: Race from 250 to 500k!
« Reply #800 on: September 19, 2017, 01:12:44 PM »
September has been a tough month so far, could be the first negative month in a while unless the markets buck up next week.

jorjor

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Re: Race from 250 to 500k!
« Reply #801 on: September 19, 2017, 01:21:14 PM »
Oh hey, I should have posted this past month since stuff happened.

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 17: $289k / $419k
Feb 17: $317k / $448k
Mar 17: $328k / $460k
Apr 17: $334k / $470k
May 17: $346k / $483k
Jun 17: $343k / $482k
Jul 17: $353k / $493k
Aug 17: $373k / $516k

Bonus month, hence the big jump.

Things are going to stay slow though. With the new baby, wife has decided she is either staying at home entirely or going part-time 1-2 days a week, so less income will mean slower savings for at least the next couple of years. Will have a dip here too soon because we have some house work still to get done (new heating, 1-2 other high-ish ticket items) but barring a big drop in home value or the market should stay above $500k total NW counting house value.

2Birds1Stone

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Re: Race from 250 to 500k!
« Reply #802 on: September 19, 2017, 04:09:25 PM »
I've been a longtime lurker and have been inspired by all of you over the past several years—especially all of the encouragement that takes place in the gauntlet threads. My wife and I listened to Dave Ramsey on a cross-country road trip together before we got married (we just celebrated 3 years of marriage), which put a fire under us and encouraged us to get out of debt. Neither of us made more than $40k per year at the time, but we tightened our belts, made games of coming up with inexpensive recipes, had the time of our lives doing inexpensive hobbies (a lot of national forest camping and hiking), and managed to pay off $58,000 of our combined student loans in less than 12 months. We've never been able to brag about it to anyone, despite it being our proudest financial achievement, and it still feels funny to type it out.

We've since gotten married, purchased our first home, flipped and sold our first home, and purchased our dream ranch in the middle of the Rocky Mountains (an old 1800's cabin that we purchased for $80k less than we sold our first home for). We now have a baby joining our homestead in December, and the stories and accomplishments of the Mustachians here have inspired us to keep the fire going in order to eventually FIRE. It's very humbling to be part of a community where folks are so determined and relentless in the pursuit of their goals.

We started tracking our net worth last year, so I thought I would post our numbers here to keep track of them. Our businesses produce more income in the summer months vs winter, making consistency a challenge but we're trying to focus on yearly improvement.

January 2016: $204k
- - - - - - - - - - - - - - - - - - - -
January 2017: 294k
February 2017: 298k
March 2017: 303k
April 2017: 307k
May 2017: 310k
June 2017: 326k
July 2017: 347k
August 2017: 355k
September 2017: 363k

Congratulations! If you were making even close to $40k each that's still awesome! Looks like your income now must be pretty healthy based on the sizable jumps in NW year over year and month to month! At this rate you will be Fi in no time.

What are you current total annual expenses combined?
"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!/

mizzourah2006

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Re: Race from 250 to 500k!
« Reply #803 on: September 20, 2017, 07:18:22 AM »
Amazing Progress by many on here. Motivates me all the more. I've only been tracking since the end of January 2016, but here is what our breakdown looks like:

Investments/ Inv with Home Equity + Cars (I depreciate these every 6 months) + HSAs + 529s

Jan. 16: $181.2/$304
Feb. 16: $187.8/$315
Mar. 16: $206.6/$341 (Bonus)
Apr. 16: $208.7/$346.1
May 16: $211.8/$348.9
Jun. 16: $215.6/$355.4
Jul. 16: $223.8/$364.2
Aug. 16: $221.5/ $362.2
Sep. 16: $225.7/$366.3
Oct. 16: $222.3/$363.7
Nov. 16: $232.3/ $374.6
Dec. 16: $244.9/$388.1
Jan. 17: $249.5/ $387.3
Feb. 17: $263.9/$402.2
Mar. 17: $273.8/ $426.2 (Bonus)
Apr. 17: $282.9/ $438.1
May 17: $285.4/$441.2
Jun. 17: $295.9/ $452.5
Jul. 17: $307.2/$464.4
Aug. 17: $309.6/$467.3

For FI purposes I only look at the # on the left.

FallenTimber

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Re: Race from 250 to 500k!
« Reply #804 on: September 20, 2017, 03:04:09 PM »
Congratulations! If you were making even close to $40k each that's still awesome! Looks like your income now must be pretty healthy based on the sizable jumps in NW year over year and month to month! At this rate you will be Fi in no time.

What are you current total annual expenses combined?
Thanks for the kind words! As of 2016, our expenses were at $52k per year, but we've cut that down to $36k per year in 2017, with plans to get it down to $32k per year in 2018. We hope to be mortgage-free about the same time we become FI, which would put our annual expenses at $19k.

timmiebe

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Re: Race from 250 to 500k!
« Reply #805 on: September 20, 2017, 06:48:23 PM »
Always thought myself a decen saver, found mmm in late 2016 and cut expenses to ramp up savings. Bought a 14 year old car in order to sell 4 year old car in January 2017 and saved the proceeds.
             Investments/ total nw- equity in home
01/2016:  97,034/ 160,316
02/2016: 102,359/ 166,190
03/2016: 109,920/ 174,353
04/2016: 114,102/ 179,140
05/2016: 116,433/ 182,078
06/2016: 117,177, 183,430
07/2016: 125,727/ 192,666
08/2016: 128,723/ 196,450
09/2016: 130,442/ 199,160
10/2016: 132,669/ 202,382
11/2016: 134,172/ 204,484
12/2016: 139,518/ 208,830
01/2017: 149,039/ 231,363
02/2017: 163,975/ 247,715
03/2017: 172,889/ 258,050 investments exceeded mortgage balance!
04/2017: 177,958/ 264,555
05/2017: 183,441/ 270,720
06/2017: 190,700/ 278,672
07/2017: 197,725, 286,393
08/2017: 202,407/ 291,773

marz1982

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Re: Race from 250 to 500k!
« Reply #806 on: September 26, 2017, 02:51:52 AM »
Hi there,
Thought I'd add our Net Worth values to the race :) 

As of September we've broken the New Zealand $500k, but in terms of USD we've got another year or so to go!
Projected that we'll achieve this goal around Dec 2018 - let's see if we can get there sooner!

Only one number as we have no home equity - we're renters!  Number includes retirement fund NZ equivalent, cash savings, bonds and diversified investments.



June 2013 : $65,047 -- Found out about MMM and start tracking investments
Sept 2014 : $146,306
Sept 2015 : $202,719
Sept 2016 : $265,945
Sept 2017 : $371,018
« Last Edit: September 26, 2017, 03:00:35 AM by marz1982 »

TheAnonOne

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Re: Race from 250 to 500k!
« Reply #807 on: September 28, 2017, 06:56:31 PM »
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)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)   (Guestimate for now, will correct first week of OCT for market flux)

+$126k 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 3 month(s) left, and (-26k) more to go, I hit this goal!

As long as the market stays flat or slightly up I will be crossing the finish line at the end of OCT!!! Let's GOOO!

lostmonkey007

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Re: Race from 250 to 500k!
« Reply #808 on: September 29, 2017, 12:40:59 AM »
Slower month in Sep than Aug.  Hope to reverse this month's deceleration in Oct.

Sep 2017 - $267k (+7k)
Aug 2017 - $260k (+10k)
Jul 2017 - $250k

facepalm

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Re: Race from 250 to 500k!
« Reply #809 on: September 29, 2017, 08:19:37 AM »
Apr-17   255,870
May-17  263,835
Jun-17   268,100
Jul-17    273,100
Aug-17  276,800
Sep-17  284,500

Looks like I will make 300K by the end of the year.
« Last Edit: September 29, 2017, 04:09:39 PM by facepalm »

mizzourah2006

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Re: Race from 250 to 500k!
« Reply #810 on: September 29, 2017, 02:38:25 PM »
Just hit $481k for September. There's a chance we hit it in 2017.

Corazon

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Re: Race from 250 to 500k!
« Reply #811 on: September 29, 2017, 06:22:54 PM »
Hi folks,

I am just joining the $250k club this month with a five year plan to retirement (2017 is year one). I started saving in earnest last January and have a high savings rate (75%+) as my employment includes housing, utilities, cell phone etc. Below is my progress since January. Figures include 401K, IRA and savings and are for the first of the month. The market has been good to us this year.

October 2016    $138,000 (started new job, maxed out 401k + IRA)
January 2017    171,752
February           184,041
March               194,983
April                 202,197
May                  216,467
June                 224,537
July                  230,519
August              239,299
September        245,636
October             255,013

JJsfr

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Re: Race from 250 to 500k!
« Reply #812 on: September 29, 2017, 08:53:30 PM »
Jan 2017  $275k
Feb 2017  $287k $???
Mar 2017 $276k
Apr 2017 $282k
May 2017 $287k
Jun 2017 $290k
Jul 2017 $304k
Aug 2017  $311k

Sep 2017 $319k

Stock markets were good to us this month on a near net 0 cash flow month.

Mazzinator

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Re: Race from 250 to 500k!
« Reply #813 on: September 30, 2017, 08:00:51 AM »
Joining you guys!

Investments only! (I do have a good bit of low rate, long term debt which makes my NW lower)
Numbers are end of month

Sept 17- $257k
"This is the life I chose or rather the life that chose me." - Jay-Z

skip207

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Re: Race from 250 to 500k!
« Reply #814 on: September 30, 2017, 10:29:34 AM »
1/01/16 = £288,240
1/01/17 = £374,668
1/02/17 = £388,289
1/03/17 = £386,895
1/04/17 = £400,066
1/05/17 = £411,208
1/06/17 = £421,032
1/07/17 = £425,821
1/08/17 = £434,537
1/09/17 = £441,247
1/10/17 = £450,268

90% of the way there!

bownyboy

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Re: Race from 250 to 500k!
« Reply #815 on: September 30, 2017, 11:23:12 AM »
A larger than usual increase this month, due to moving jobs into contracting. This will accelarte savings and I'm now forecasting reaching £500k by March 2018.

  • Jan 2017 - £346,854
  • Feb 2017 - £388,581
  • Mar 2017 - £396,119
  • Apr 2017 - £401,345
  • May 2017 - £399,619
  • Jun 2017 - £411,132
  • Jul 2017 - £409,299
  • Aug 2017 - £413,486
  • Sep 2017 - £415,586
  • Oct 2017 - £434,692

Rowellen

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Re: Race from 250 to 500k!
« Reply #816 on: September 30, 2017, 03:45:27 PM »
Jan 2017 $368k
Feb 2017 $390k includes 20k windfall from an inheritance.
Mar 2017 $396k
Apr 2017 $398k
May 2017 $404k
June 2017 $408k
July 2017 $415k
Aug 2017 $423k
Sept 2017 $432k

Oct 2017 $440k

neo von retorch

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Re: Race from 250 to 500k!
« Reply #817 on: September 30, 2017, 10:17:02 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:     $319,285 (+11,559)
1/31/2017:       $326,030 (+6,745)
2/28/2017:       $334,870 (+8,840)
3/31/2017:       $350,826 (+15,956)
4/30/2017:       $353,693 (+2,867)
5/31/2017:       $359,361 (+5,668)
6/30/2017:       $366,395 (+7,034)
7/31/2017:        $371,986 (+5,591)
8/31/2017:       $377,400 (+5,414)
9/30/2017:    $391,019 (+13,619)

Would you believe I was laid off August 31st, and didn't work again until September 27th? But... I got paid out vacation plus two week's pay, which added up to nearly a normal month's income. Add in two weeks of unemployment and my quarterly logging of dividends and market value changes (and some low spending while unemployed), and you have this. Now I did spend a few hundred on heating oil, and nearly $800 on health insurance premiums for October, plus some rental maintenance, and I logged over $1k in forfeited company match in the 401(k) but we still managed a really good month.

Sailor Sam

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Re: Race from 250 to 500k!
« Reply #818 on: October 01, 2017, 12:27:40 AM »
1-Jan-2011:  $82,795
1-Jan-2012:  $106,303
1-Jan-2013:  $147,328
1-Jan-2014:  $212,595
1-Jan-2015:  $264,308
1-Jan-2016:  $299,216

1-Jan-2017:  $371,623
1-Feb-2017:  $379,968
1-Mar-2017:  $402,448
1-Apr-2017:  $409,886
1-May-2017: $416,851
1-Jun-2017:  $421,488
1-Jul-2017:   $430,504
1-Aug-2017:  $441,599
1-Sep-2017:  $451,138
1-Oct-2017:  $466,532

Damn, son.

FrozenBits

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Re: Race from 250 to 500k!
« Reply #819 on: October 01, 2017, 01:01:22 AM »
In the middle of a job transition which resulted in a huge paycheck due to cashing out some leave.  Will be paying for moving expenses over the next couple months but we seem to have finished out Q3 pretty strong.  Down to a single income for now but we will see what the rest of the year has in store!


End Of
2014-Q1:                $55,471
2014-Q2:                $78,319            (+22,848)
2014-Q3:                $84,251            (+5,932)
2014-Q4:                $106,801          (+22,550)
2015-Q1:                $126,464          (+19,663)
2015-Q2:                $145,996          (+19,532)
2015-Q3:                $151,957          (+5,961)
2015-Q4:                $203,486          (+51,529)
2016-Q1:                $217,931          (+14,445)
2016-Q2:                $233,784          (+15,853)
2016-Q3:                $255,000          (+21,216)
2016-Q4:                $276,375          (+21,375)
2017-Q1:                $306,936          (+30,561)
2017-Q2:                $332,258          (+25,319)
2017-Q3:                $366,219          (+33,961)

Current:                  $366,219          (+0)




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MrsWolfeRN

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Re: Race from 250 to 500k!
« Reply #820 on: October 01, 2017, 07:37:42 AM »
Jan 1: 236,254
Feb 1: 250,055
Mar 1: 262,196
Apr 1: 269,959
May 1: 282,665
Jun 1: 284,827
Jul 1: 292,037
Aug 1: 293,168
Sep 1: 297,483

Oct 1: 303,118

Made my goal for the year three months early!!! Now I'm just going to see how far I can get. Net worth has gone up 67k so far, about 30k of which is savings and the rest is gains.

The breakdown:
186k investments
2k cash
340k real estate (purchase price 4 years ago)
- 225k mortgage
=303

Erma

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Re: Race from 250 to 500k!
« Reply #821 on: October 01, 2017, 07:38:26 AM »
May 2017: CHF 231'000
June 2017: CHF 235'000

As I paid CHF 2'700 in taxes and the mortgage (CHF 1'380) for the last three months was due I'm satisfied.

July 2017: CHF 243'000 (that was a good month)
August 2017: CHF 247000
September 2017: CHF 256000

I can start the next race.

2Birds1Stone

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Re: Race from 250 to 500k!
« Reply #822 on: October 01, 2017, 07:59:20 AM »
1/1/2017 - $256,000
2/1/2017 - $265,000
3/1/2017 - $278,000
4/1/2017 - $282,000
5/1/2017 - $287,000
6/1/2017 - $304,000
7/1/2017 - $308,000
8/1/2017 - $313,000
9/1/2017 - $324,000
10/1/2017 - $328,500

$401,000 combined with SO.


Chasing the half million combined by end of 2018.
"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!/

Pizzabrewer

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Re: Race from 250 to 500k!
« Reply #823 on: October 01, 2017, 12:19:09 PM »
1/1/2017:  $170,881  (start of tracking)
2/1/2017:  $183,768 
3/1/2017:  $197,020 
4/1/2017:  $202,363 
5/1/2017:  $223,229
6/1/2017:  $244,355
7/1/2017:  $249,532 
graduated to this thread!
8/1/2017:  $262,500
9/1/2017:  $270,766
10/1/2017:  $287,535

Our remarkable string of success continued in September with a 6.2% increase.  Our investments had another great month and our savings rate was much better than the last 2 months.

It is hard to believe. 

kaypinkHH

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Re: Race from 250 to 500k!
« Reply #824 on: October 01, 2017, 12:50:41 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
September 2017        277k    (+27K)        131k           ~338K                    746K
 

Not sure how we went up 27 k. We may have been higher in August than I thought (I may have forgotten to track cash savings), but I'll take it!!

October we are moving to a Lower COL, which means liquidating the house equity, yay cash monies!

turketron

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Re: Race from 250 to 500k!
« Reply #825 on: October 01, 2017, 05:00:28 PM »
Just graduated this month from the previous thread!  It took me 1 year 9 months to double $100k into $200k, and 2 years 6 months to go from $100 to $250k. If I keep the same doubling rate I should hit $400k by November 2018 and $500k by July 2019. Let's see if I can keep up the momentum!

Re-posting my previous values here to keep the running history going:

April 2015: $98k
May 2015: $111k
June 2015: $112k
July 2015: $113k
Aug 2015: $113k
Sept 2015: $116k
Nov 1 2015: $120,330.91
Dec 1 2015: $138,810.56

Jan 1 2016: $141,251.00
Feb 1 2016: $135,573.00
Mar 4 2016: $138,331.39
Apr 1 2016: $146,788.37
May 1 2016: $149,149.52
Jun 1 2016: $161,205.21
July 1 2016: $165,947.80
Aug 1 2016: $176,198.00
Sep 1 2016: $178,840.37
Oct 1 2016: $184,372.64
Nov 1 2016: $181,625.28
Dec 1 2016: $187,972.57

Jan 1 2017: $193,414.19
Feb 1 2017: $200,758.63
Mar 1 2017: $211,677.78
Apr 1 2017: $217,643.71
May 1 2017: $225,773.04
Jun 1 2017: $232,222.09
July 1 2017: $235,779.19
Aug 1 2017: $244,461.55
Sept 1 2017: $247,101.69
Oct 1 2017: $256,365.91

dandypandys

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Re: Race from 250 to 500k!
« Reply #826 on: October 01, 2017, 05:06:41 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..
Sept 1st: $296  still going up even after our 8K down last month :) Hoping to see a bigger jump next month though
Oct 1st $302 Back to full pay going fwd- always fun to pass a round number :)

Pizzabrewer

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Re: Race from 250 to 500k!
« Reply #827 on: October 01, 2017, 06:05:13 PM »
Just graduated this month from the previous thread!  It took me 1 year 9 months to double $100k into $200k, and 2 years 6 months to go from $100 to $250k. If I keep the same doubling rate I should hit $400k by November 2018 and $500k by July 2019. Let's see if I can keep up the momentum!

Sept 1 2017: $247,101.69
Oct 1 2017: $256,365.91

Hey Turk, welcome from another newbie to this thread!  It feels awesome, doesn't it?  Keep up the good work.

ender

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Re: Race from 250 to 500k!
« Reply #828 on: October 01, 2017, 06:45:24 PM »
It's kind of impressive how fast things go when the market is nice...

Have added $90+ net worth compared to last year at this time. Almost all of that is investments, which includes 401k/403b/IRA maxes but still, a good chunk of growth.

babystache89

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Re: Race from 250 to 500k!
« Reply #829 on: October 01, 2017, 09:19:16 PM »
9/1/16: $217,000
10/1/16: $220,000
11/1/16: $232,000
12/1/16: $234,500
1/1/17: $238,500
2/1/17: $245,000
3/1/17: $254,000
4/1/17: $252,000
5/7/17: $262,000
6/30/17: $271,000
9/1/17: $285,000
10/1/17: $296,000

Guava

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Re: Race from 250 to 500k!
« Reply #830 on: October 02, 2017, 07:49:08 AM »
May 2017: $251k
June 2017: $257k
July 2017: $264k
August 2017: $269k
September 2027: $279k

I think this is our biggest jump up in net worth ever. How exciting!

Ladychips

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Re: Race from 250 to 500k!
« Reply #831 on: October 02, 2017, 11:40:22 AM »
1/17 - $352,398
5/17 - $378,770
6/17 - $401,823
7/17 - $425,070
8/17 - $428,620
9/17 - $449,356

At this growth rate, I could be to the target by the end of the year.  I'm not counting on that though.  I'm just going to keep working my plan...enjoy the growth but not count on it at this point.

TryingtoFIREinNYC

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Re: Race from 250 to 500k!
« Reply #832 on: October 02, 2017, 01:52:03 PM »
Hello! Another newbie joining the thread this month - and hello to Pizza, Turk, and McStache the other newbs!

My goal was to reach the $250k mark in investments between DW and my accounts, now the plan is to start working on buying property, and we are in a HCOL/insane cost of buying ANYTHING area, so this may mean stashing more liquid cash rather than putting everything into Vanguard as has been the case for the last year or two.
(Any advice on this is more than welcome! I have a friend who does wealth management and real estate investing and this was her suggestion when we met last week)
Have to decide whether it is even possible or a good idea to buy in such an overextended real estate market as NYC.....but I work a very high stress, long hours job so the thought of buying an investment property to rent to tenants outside NYC is also daunting.....
Due to this change, I'm guessing monthly gains may be less over this next period as it will be just the 401k and (hopefully) market gains.
So that's a bit about me - MINT says that without any changes, we should hit this goal around the end of 2019/beginning 2020, so let's see.....how accurate MINT is.....
TTFNYC

5/01/2017:  $198,456
5/15/2017:  $200,404   
5/31/2017:  $207,044
6/15/2017:  $213,996
7/05/2017:  $219,933
7/17/2017:  $225,853
8/01/2017:  $228,504
8/24/2017:  $228,854
9/01/2017:  $237,500
9/19/2017:  $245,500
10/02/2017: $251,933
« Last Edit: October 02, 2017, 01:54:40 PM by TryingtoFIREinNYC »

McStache

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Re: Race from 250 to 500k!
« Reply #833 on: October 02, 2017, 04:44:04 PM »
Hello! Another newbie joining the thread this month - and hello to Pizza, Turk, and McStache the other newbs!

Thanks for the preemptive welcome, TTFNYC!

I also just crossed the $250K mark this past month.  I had projected it would take 2.5-3 years to go from $100K to $250K and it actually took 1.75 thanks to the market tailwinds and a small windfall.  Based on my spreadsheet, I project I'll hit $500K in 4ish years - though who really knows.  This time frame lines up with about when I turn 30 and it would be awesome to be a half-millionaire by then (two Nice Round Numbers at once!), so I will shoot for that.

Historic
13-Jul     $0
13-Dec   $6,153
14-Dec   $49,012
15-Dec   $101,290
16-Dec   $179,750
This Year
17-Mar   $199,234
17-Jun    $218,315
This Quarter
17-Jul     $226,577
17-Aug   $231,008
17-Sep   $251,872

dandypandys

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Re: Race from 250 to 500k!
« Reply #834 on: October 02, 2017, 05:16:53 PM »
TryingtoFIREinNYC, I was wondering how do you get Mint to tell you that goal date? Thanks!

TryingtoFIREinNYC

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Re: Race from 250 to 500k!
« Reply #835 on: October 03, 2017, 11:32:07 AM »
Dandy-
If you have all your investment accounts tracking in Mint you can set up a "goal" and then give your monthly saving amount or give a date and it will tell you how much you need to add, I believe-
I like it because I set the $500k goal date for a set time, and so every month that the market or my savings overshoots the assumed input, it adjusts the goal date accordingly closer!
Oh the small things that help to keep you on track......!

dandypandys

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Re: Race from 250 to 500k!
« Reply #836 on: October 03, 2017, 04:05:56 PM »
Ah ok, I am going to copy you :) thanks

Rhoon

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Re: Race from 250 to 500k!
« Reply #837 on: October 03, 2017, 08:08:44 PM »
Hi All,

Just made it to the $250K+ Club. Looking forward to reaching the next goal with you all!

7/1/2017   $208,247.79
8/1/2017   $219,596.69
9/1/2017   $239,765.00
10/1/2017   $253,942.04

YoungGranny

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Re: Race from 250 to 500k!
« Reply #838 on: October 04, 2017, 07:21:34 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
3/2017 - $367.2
5/2017 - $382.2
6/2017-$395.0k
7/2017 - $419.3k


10/2017 - $441.9k (+22.6k)

Always amazed when I actually remember to do this exercise - it doesn't 'feel' like my husband and I are almost '1/2 millionaires' but we should hit it within a year. We have $325k in investments and the rest is equity in properties. I know some people exclude that and I'm still figuring out how to track it.

I just hold the purchase price constant and subtract off the mortgage every month. Seems like then it will 'true-up' when we actually sell the property. I think that works pretty well because we're in a LCOL market that has been fairly consistent  over the years. I don't necessarily want to exclude it since we're actively growing our rental portfolio. If I excluded it our net worth would have dropped by $30k this summer when we bought our newest duplex which isn't an accurate picture either. If anyone sees a flaw in my calculation method please feel free to share :)

RWD

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Re: Race from 250 to 500k!
« Reply #839 on: October 06, 2017, 06:47:40 PM »
12/1/2015 - 248k
6/1/2016 - 301k
10/1/2016 - 352k
3/1/2017 - 412k
7/1/2017 - 453k
8/1/2017 - 469k
9/1/2017 - 479k
10/1/2017 - 502k!

Race complete! Our average monthly increase was $11.5k which amazingly is more than our post-tax pay. Hasn't really sunk in that we're half-millionaires yet...

I'm going to post some more statistics from this thread early next week once I compile them.

JustGettingStarted1980

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Re: Race from 250 to 500k!
« Reply #840 on: October 06, 2017, 07:35:38 PM »
Way to go RWD!

Enough

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Re: Race from 250 to 500k!
« Reply #841 on: October 07, 2017, 12:20:00 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 :)

So I've had some busy months and haven't been diligently tracking net worth, but had some time to figure it up this evening:
Feb-17   $251,409.30
Oct-17   $318,536.66

Rough projection for 500k is now Feb 2020! (assuming 7% market returns and the RE investments continue).  Given that the estimate moved up nearly year, I'd say that if things continue to go better than expected, then April 2019 is possible, but at the same time I don't want to be too optimistic...

Enough

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Re: Race from 250 to 500k!
« Reply #842 on: October 07, 2017, 12:25:45 AM »
12/1/2015 - 248k
6/1/2016 - 301k
10/1/2016 - 352k
3/1/2017 - 412k
7/1/2017 - 453k
8/1/2017 - 469k
9/1/2017 - 479k
10/1/2017 - 502k!

Race complete! Our average monthly increase was $11.5k which amazingly is more than our post-tax pay. Hasn't really sunk in that we're half-millionaires yet...

I'm going to post some more statistics from this thread early next week once I compile them.

Congrats!

kapnfriday

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Re: Race from 250 to 500k!
« Reply #843 on: October 07, 2017, 04:58:28 AM »
8-2016: $369,217
9-2016: $373,735 (+$4.5k)
10-2016: $369,721 (-$4.0k)
11-2016: $385,057 (+$15.3k)
12-2016: $399,209 (+$14.1k)
1-2017: $408,813 (+$9.6k)
2-2017: $427,041 (+$18.2k)
3-2017: $425,204 (-$1.8k)
4-2017: $432,660 (+$7.4k)
5-2017: $439,707 (+7k)
6-2017: $445,394 (+5.6K)
7-2017: $456,502 (+11.1k!)
8-2017: $460,572 (+4k)
9-2017: $472,233 (+11.6k)

September was a good month.  Could we cross the finish line by year end? 
My mid-life journey to financial independence
https://www.thegrayingsaver.com/

2Birds1Stone

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Re: Race from 250 to 500k!
« Reply #844 on: October 07, 2017, 11:23:38 AM »
Rough projection for 500k is now Feb 2020! (assuming 7% market returns and the RE investments continue).  Given that the estimate moved up nearly year, I'd say that if things continue to go better than expected, then April 2019 is possible, but at the same time I don't want to be too optimistic...

That's an interesting way of looking at it.

April 2019 is when my SO and I are projected for $500k as well. Will be cool to see if we can reel that in a bit.
"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!/

MrThatsDifferent

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Re: Race from 250 to 500k!
« Reply #845 on: October 07, 2017, 01:33:43 PM »
1-Jan-2011:  $82,795
1-Jan-2012:  $106,303
1-Jan-2013:  $147,328
1-Jan-2014:  $212,595
1-Jan-2015:  $264,308
1-Jan-2016:  $299,216

1-Jan-2017:  $371,623
1-Feb-2017:  $379,968
1-Mar-2017:  $402,448
1-Apr-2017:  $409,886
1-May-2017: $416,851
1-Jun-2017:  $421,488
1-Jul-2017:   $430,504
1-Aug-2017:  $441,599
1-Sep-2017:  $451,138
1-Oct-2017:  $466,532

Damn, son.

Indeed! Great work!

ender

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Re: Race from 250 to 500k!
« Reply #846 on: October 07, 2017, 01:48:09 PM »
Rough projection for 500k is now Feb 2020! (assuming 7% market returns and the RE investments continue).  Given that the estimate moved up nearly year, I'd say that if things continue to go better than expected, then April 2019 is possible, but at the same time I don't want to be too optimistic...

That's an interesting way of looking at it.

April 2019 is when my SO and I are projected for $500k as well. Will be cool to see if we can reel that in a bit.

If we hold through our recent pace (which was amplified significantly by market gains) that's pretty close to when we'd hit it, too. Kind of crazy to think.

Makes me think of this though: https://xkcd.com/1894/

martyconlonontherun

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Re: Race from 250 to 500k!
« Reply #847 on: October 08, 2017, 07:48:30 PM »
I'm at $215 including an IRA.  Husband has around $50k in his own account.  So I guess we also belong in this thread.  Do I get to count the IRA?  What about home equity?

Husband has the $50k just sitting in a bank account not earning decent interest but that is for another thread.

You can count whatever you like. Some people, like myself, are doing household net worth. Others are only counting invested assets. Some people are only counting assets that are in their own name and excluding their spouse. I'm sure there are some other reporting nuances as well.

As said there is no right way. I participate in two threads with a very conservative personal net worth and one with all in couple net worth with housing gains.

I do think it helps followers if you list how you break it out and give background on yourself instead of just posting random fluxes.

SAfAmBrit

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Re: Race from 250 to 500k!
« Reply #848 on: October 11, 2017, 09:47:46 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
March 2017 - $333,323
April 2017 - $340,884
May 2017 - $346,568
June 2017 - $357,230
July 2017 - $365,912
August 2017 - $370,689
September 2017 - $380,412

Hoping for $400,000 by December 2017. Steadily onward.

RWD

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Re: Race from 250 to 500k!
« Reply #849 on: October 11, 2017, 11:00:44 AM »
Statistics time!

There have been 87 members to post more than one progress report in this thread (i.e. two or more data points). Of these, 21 members have broken $500k! The average monthly gain for members in this thread is $9.6k.

10 members have tracked their full race in this thread. In other words, they have posted progress reports starting from ~$250k and have broken $500k. I attached a graph of these.

I don't intend to continue tracking stats for this thread, now that I've moved on to the $500k-$1 million thread. If anyone else wants to pick up where I left off or run other statistics/graphs I attached my raw numbers spreadsheet.