The Money Mustache Community

General Discussion => Throw Down the Gauntlet => Topic started by: BBub on November 10, 2015, 04:14:58 PM

Title: Race from 250 to 500k!
Post by: BBub on November 10, 2015, 04:14:58 PM
I really enjoyed reading the 100-250k thread.  Let's start a race to a half million!

November 2015: $251k
Title: Re: Race from 250 to 500k!
Post by: marty998 on November 11, 2015, 01:28:36 AM
why not try doing 250 to 500 in quicker time than you did 100 to 250?
Title: Re: Race from 250 to 500k!
Post by: BBub on November 11, 2015, 06:39:00 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!
Title: Re: Race from 250 to 500k!
Post by: ahueston on November 11, 2015, 08:28:02 AM
I am in, No way I can do it in 16 months. I am going to only track invested assets, no house or any thing else

As of the morning of November 11 Investable assets at $267,891.

-a
Title: Re: Race from 250 to 500k!
Post by: BBub on November 11, 2015, 09:07:49 AM
Cool.  Good luck! I am also tracking invested assets only.  But others can track whatever they want.  On the previous threads most ppl were tracking total NW including home equity.  That's fine.

Yeah the 16 months is probably not going to happen for me either!  marty just suggested that we try to beat the time from 100 to $250.
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on November 11, 2015, 09:15:46 AM
I'm in!

I'm far ahead of $250K on the total NW, but my "invested/investable" funds are lower, so I'll use that, but even that has some big variables.

I won't be able to keep up with your monthly savings Bub, but I have a few aces in the hole. Might be cashing out $100K in Home equity within your 16 month goal. About to cash out $25K private stock I'm not currently including as invested/investable since there's no ROR. Plus the flips. So I should be able to keep pace with you.

Currently around $285K not counting that private stock. Projected around $450K by end of 2016.

This should be fun.
Title: Re: Race from 250 to 500k!
Post by: rufflina on November 12, 2015, 09:34:24 AM
I will also track invested assets. It happens that I'm at $251k right now in Vanguard! I think 3 years is a realistic goal for me, but let's see how the stock exchange does over that time period...
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on November 12, 2015, 10:53:38 AM
Ok, so not quite at 250K (Net Worth), but I want to hold my place in line as BBub and I are on a similar track, and Cheddar is the man!  It's nice to hobnob with the illustrious folk around here.

Why total Net Worth? Because it feels good, that's why! Why else do anything, really?

Updates to follow, I'll be close to 250K on January 1st, 2016
Title: Re: Race from 250 to 500k!
Post by: doggyfizzle on November 12, 2015, 11:31:22 AM
I'm in.  Currently at 414k (~700k if you include home equity).  I should be at 500k by December 2016, although with the way Silicon Valley real estate prices are going, it could be much sooner (depending on how you value my 10% stake in an LLC that owns debt/equity in two microbreweries and a large commercial building in Saratoga).
Title: Re: Race from 250 to 500k!
Post by: sisto on November 12, 2015, 12:59:42 PM
I'm in too, my NW is over, but I will also use invested assets. I'm hoping to hit this by the end of the year, but it's going to be really close and obviously depend on the market.
Title: Re: Race from 250 to 500k!
Post by: BBub on November 12, 2015, 01:40:37 PM
Ok, so not quite at 250K (Net Worth), but I want to hold my place in line as BBub and I are on a similar track, and Cheddar is the man!  It's nice to hobnob with the illustrious folk around here.

Why total Net Worth? Because it feels good, that's why! Why else do anything, really?

Updates to follow, I'll be close to 250K on January 1st, 2016

Aww shucks, thanks JustGettingStarted.  I look forward to our little 'race'!  The great thing is we all win.
Title: Re: Race from 250 to 500k!
Post by: RWD on November 12, 2015, 03:45:58 PM
We did $100k to $250k in about 22 months and I'm estimating $250k to $500k will take us a little over 2 years.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on December 08, 2015, 12:56:50 PM
I'll join.

Not entirely sure how long it took to get to this point. My NW chart in MINT is all screwed up because I removed some old loan accounts (cars, student, mortgage etc) so it basically shows that I didn't move in NW for 2-3 years, when in reality I was paying down debt.... so the first 250 took 2 to 4 years....

Anyway... I'll throw my name in the ring. We save anywhere from 5k to 10k a month, so it could take anywhere from 2 to 4 years for this one as well, judging from my past 2 years, it will land right at about 3, assuming the market doesn't grow or shrink a single percentile in that time (unlikely)

2015 DEC: 252k
Title: Re: Race from 250 to 500k!
Post by: jorjor on December 08, 2015, 02:32:44 PM
I'm in. November ended at $249k, so perfect timing to start this up for us. I'm including home equity and cash accounts along with invested assets.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on December 16, 2015, 02:36:13 PM
I'm in. November ended at $249k, so perfect timing to start this up for us. I'm including home equity and cash accounts along with invested assets.

I'm right there with you.

Including the same things.... (which is the real definition... all assets - liabilities)
Title: Re: Race from 250 to 500k!
Post by: bzzzt on December 24, 2015, 12:21:18 PM
I have a little bit of a cheater head start, we hit $300k NW today!

Nonetheless, I'm in!
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on December 24, 2015, 11:16:21 PM
I am in, No way I can do it in 16 months. I am going to only track invested assets, no house or any thing else

As of the morning of November 11 Investable assets at $267,891.

-a
Invested, or investable?
After the market weirdness of the last few months, I appear to have just crossed 250 for what should be the last time, and am around 260 now. Saving roughly 60k on 90k TH, with rising income and high returns on leveraged rentals, I see best case as two years and worst case as four.
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on December 25, 2015, 10:39:01 AM
I am in, No way I can do it in 16 months. I am going to only track invested assets, no house or any thing else

As of the morning of November 11 Investable assets at $267,891.

-a
Invested, or investable?
After the market weirdness of the last few months, I appear to have just crossed 250 for what should be the last time, and am around 260 now. Saving roughly 60k on 90k TH, with rising income and high returns on leveraged rentals, I see best case as two years and worst case as four.

I'm counting invested, investable, and real estate. Right now Invested = ~$250k. Investable = ~$30-40k. Real estate = ~$28k.

Everyone seems to be counting different variables. No worries, we will all get to $500k, so we will all win!
Title: Re: Race from 250 to 500k!
Post by: RetirementDreaming on December 25, 2015, 12:11:40 PM
I'm in.
Dec'15= 352k (updated 367k at 12/31)
Mar'16= 418K
Apr'16= 429K

Reached 250k in Dec '14. Started tracking in Mar'10 with 69k.

Target for 500k is Dec '16. 
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on December 25, 2015, 05:09:51 PM
Everyone seems to be counting different variables. No worries, we will all get to $500k, so we will all win!
I started tracking NW with the idea of being as comprehensive as possible. After finding MMM I was uninterested in reworking years of line item breakouts, so I stick with the more "optimistic" methodology for internal consistency. Makes the numbers a little bigger but depreciating assets reduce effective total returns. Like you say though, we'll all get there.

*****************************

How many people in this thread are planning to actually FIRE or make any meaningful interim changes at or near 500? Just curious.
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on December 25, 2015, 08:50:01 PM
I might dance a jig, but i won't change a thing. Wife and 2 kids and expenses are high. I'm aiming for about double that before I'm pulling the umbilical chord. That should come fairly quick though.
Title: Re: Race from 250 to 500k!
Post by: BBub on December 26, 2015, 10:41:47 AM
500 will just be a milestone for me as well.  My FI number is 1.25m.
Title: Re: Race from 250 to 500k!
Post by: gecko10x on December 28, 2015, 09:45:55 AM
How many people in this thread are planning to actually FIRE or make any meaningful interim changes at or near 500? Just curious.

I'm not quite in this thread yet, but I can answer: At $500k NW, nothing; at $500k in retirement assets, I plan to quit the day job and switch to something I'm in more control of. I figure at that point, contributions won't matter as much anyway, so I can stop worrying about putting anything in :-)
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on December 28, 2015, 12:39:36 PM
why not try doing 250 to 500 in quicker time than you did 100 to 250?
I finally looked up my charts... I busted 100K for the first time in late October 2012, dropped slightly and then went much higher by year-end. I basically did the same with 250K in 2015. Using the final crossover point for each, it's almost exactly 3 years. I'd already estimated 2-4 as the best/worst cases for 250->500, but I'm going to make 2.5 my goal - coincidentally, I turn 40 then.

I'm not quite in this thread yet, but I can answer: At $500k NW, nothing; at $500k in retirement assets, I plan to quit the day job and switch to something I'm in more control of. I figure at that point, contributions won't matter as much anyway, so I can stop worrying about putting anything in :-)
I don't track DW's numbers very closely or count them toward my NW total, since I find I work harder when I focus on just my own savings... she started later but should be near 100K at that point (600K total). With our LCOL area and casual PT work for both of us, we'll be in the ballpark.
Title: Re: Race from 250 to 500k!
Post by: Sonos on December 30, 2015, 11:34:32 PM
I'm in!

DH is still rounding up his old 401ks, but I think we'll clock in around $230,000 in 401k/Roth/brokerage accounts. We also have a rental, but I'm not going to count that.

Two years? Seems pretty ambitious, but it will get me motivated!

Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on January 01, 2016, 11:00:46 AM
Ok, so not quite at 250K (Net Worth), but I want to hold my place in line as BBub and I are on a similar track, and Cheddar is the man!  It's nice to hobknob with the illustrious folk around here.

Why total Net Worth? Because it feels good, that's why! Why else do anything, really?

Updates to follow, I'll be close to 250K on January 1st, 2016

Okay everyone, I'm officially on board this challenge as of today! My goal is to complete this stage in 2 years.

July-15   $179,961.40
Oct-15      $207,727.22
Jan-16      $257,514.77

Happy New Year!

Title: Re: Race from 250 to 500k!
Post by: BBub on January 05, 2016, 06:55:51 AM
We're neck and neck Justgettingstarted!  I am at 258,054 as of Jan 1.

Probably down a few $k today, but whatever.  Two years seems realistic as long as we don't have large negative returns.  This will be fun!
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on January 05, 2016, 07:00:05 AM
DH is still rounding up his old 401ks, but I think we'll clock in around $230,000 in 401k/Roth/brokerage accounts. We also have a rental, but I'm not going to count that.
Why wouldn't you count that? It's an income-producing asset, in which (I assume) you have equity. I count all of mine... with typical returns above stock market levels, they count more than anything! ;)

Okay everyone, I'm officially on board this challenge as of today! My goal is to complete this stage in 2 years.

July-15   $179,961.40
Oct-15      $207,727.22
Jan-16      $257,514.77
Sweet Jesus, you're flyin'. May I ask if that's just your SR, or if you're into something with ridiculously high returns?
Title: Re: Race from 250 to 500k!
Post by: MayDay on January 05, 2016, 06:59:23 PM
I am in this band.  We are at 380K right now.  Have been flattish for 6 months, thanks stock market!  I am seriously antsy for 500K and we haven't even hit 400k!

I am predicting 2 years but its totally dependant on the market.  Could be 12-18 months if the market does nuts. 

No real estate for us (we rent) so its just retirement and brokerage accounts. 
Title: Re: Race from 250 to 500k!
Post by: TheFirstMan on January 07, 2016, 08:31:26 AM
I feel like I've found my people!

I'm in the Investable Assets crowd, at 249K as we start 2016.

I will play the tortoise here (or perhaps Eeyore) with a goal of about 4 years from now, in 2020.

Over on the long-term net worth goals thread, I just posted about some of my variables, include pessimistic estimates about spending and income, inflation, and a possible home addition. That's why I'm giving a longer time horizon. If the market is reasonable, and our spending and income are more in my optimistic zone, and we don't do a home addition, the time frame shortens to about 2 years, in 2018.

And that, friends, is motivational. Thanks!

One final thing--some helpful info could be added in here, as we go on this journey together--context like I've shared here, as well as incomes, as those of us who are making 40K shouldn't compare with those making 120K!

I'm married and our combined income in 2015 was 80K. In 2016, it should be close to 120K gross.

Edit 2/18/16: 395K when you add in home equity.

Title: Re: Race from 250 to 500k!
Post by: OurTown on January 07, 2016, 09:22:49 AM
I've been posting in the $1 million thread but it looks like I should do this one first.

Jan. 2016 = $374k

We should hit 500k within 2 years.
Title: Re: Race from 250 to 500k!
Post by: OurTown on January 11, 2016, 03:07:36 PM
Okay guys, I'm afraid we might be taking a small step backwards this month because of market losses. 
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on January 12, 2016, 07:14:41 AM
This is why I only post every 3 months. Psychologically, it keeps me more even keel. Steady as she goes!
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on January 12, 2016, 07:27:38 AM
This is why I only post every 3 months. Psychologically, it keeps me more even keel. Steady as she goes!
I'm with you there. I only calculate NW quarterly. If it's good enough for the companies I invest in, it's good enough for me.
Title: Re: Race from 250 to 500k!
Post by: bzzzt on January 12, 2016, 08:35:34 PM
Okay guys, I'm afraid we might be taking a small step backwards this month because of market losses.

This is why I paid off my house first. I couldn't get over being set back months by market losses when I could've "used" the money.

I really only lost a year to investing and 2015 was flat anyway. So, win-win!
Title: Re: Race from 250 to 500k!
Post by: Sonos on January 12, 2016, 10:21:18 PM
DH is still rounding up his old 401ks, but I think we'll clock in around $230,000 in 401k/Roth/brokerage accounts. We also have a rental, but I'm not going to count that.
Why wouldn't you count that? It's an income-producing asset, in which (I assume) you have equity. I count all of mine... with typical returns above stock market levels, they count more than anything! ;)

I am counting it in general, but for me, this race is all about hitting $500k of investable assets :) The rental income pays for the principle/insurance/taxes (which is awesome). $750k (or maybe $1M) in investable assets is the next step to get us FIREd :) so I'm all about focusing on that right now.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on January 14, 2016, 11:40:24 AM
I am counting it in general, but for me, this race is all about hitting $500k of investable assets :)
To each his own, I suppose.

Between tax-deferred retirement accounts and real estate, my current split is about 60-40, but the latter is getting 2/3 of new investment and returning higher rates, so my 500 will probably include a minimum of 300 in rental equity. The faster I get there, the higher it'll be.
Title: Re: Race from 250 to 500k!
Post by: mikes on January 14, 2016, 12:24:28 PM
Just hit $250k of investable assets in December so I'm in as well!
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on January 14, 2016, 06:27:39 PM
Can we rename this thread race from 250 to 200K?  Wtf?

Who broke the market when I wasn't looking?
Title: Re: Race from 250 to 500k!
Post by: OurTown on January 15, 2016, 08:31:40 AM
It is a good opportunity to keep contributing at a lower cost basis.  I suspect my contributions for January won't cover the market losses, however.
Title: Re: Race from 250 to 500k!
Post by: OurTown on January 30, 2016, 11:10:19 AM
Jan. 1, 2016 = 374
Feb. 1, 2016 = 373

Better than expected, contributions made up for market losses.
Title: Re: Race from 250 to 500k!
Post by: garth on January 31, 2016, 07:41:57 AM
I'll play. We've been hovering around $250k since November, through we're currently a little below that at $248k. If we can save $100k this year, I'll be pretty happy. It's definitely a stretch goal though...last month we only stashed $4600. It's not impossible though. My wife is about to start working after 7 months off, so March and beyond should look much better.
Title: Re: Race from 250 to 500k!
Post by: mikes on January 31, 2016, 07:43:28 AM
The last couple of weeks have been pretty volatile. Gained back some of the losses on Friday in addition to about $3000 of contributions in January.

2015-12-01: 250,436
2016-01-01: 257,878
2016-02-01: 254,327
Title: Re: Race from 250 to 500k!
Post by: BBub on January 31, 2016, 10:43:49 AM
Nov 31, 2015: $254,178
Dec 31, 2015: $258,054
Jan 31, 2016: $264,247
Title: Re: Race from 250 to 500k!
Post by: dazed on January 31, 2016, 02:44:51 PM
I'm a newbie to this forum but I'm in!

I think I am around $240K now. I'll have to check more closely. $500 K would be amazing and I think I can do it.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on January 31, 2016, 08:30:17 PM
I'm not even looking at the stock market with this dogshit going on.

This week I am formally offering to buy two small properties in March that should double my $15K (total) down payment in 18-20 months and pay off completely in 6 years. Also, my partnership is near a deal on a $100K multifamily that should give us a leveraged cap rate around 30% on ~$15K down (1/3 mine).

Every little bit helps. \m/
Title: Re: Race from 250 to 500k!
Post by: doggyfizzle on February 02, 2016, 12:01:41 PM
I'm in.  Currently at 414k (~700k if you include home equity).  I should be at 500k by December 2016, although with the way Silicon Valley real estate prices are going, it could be much sooner (depending on how you value my 10% stake in an LLC that owns debt/equity in two microbreweries and a large commercial building in Saratoga).

Currently at 433k (758k if you include home equity).
Title: Re: Race from 250 to 500k!
Post by: MayDay on February 09, 2016, 11:56:56 AM
H checks the mark every day and reports to me.

I pkug my ears and run away.
Title: Re: Race from 250 to 500k!
Post by: BBub on February 09, 2016, 01:24:41 PM
Ha.  It's crazy to continuously add thousands & see the bottom line slipping backwards.  But that's part of the ride.  I knew what I was signing up for. 

I'm pretty pleased with my emotional reaction thus far. I'm sure I have a pain point, but it's not a 15% pullback on the S&P.  I haven't missed a beat throughout this hiccup.  Ask me if we shed another 15% or more - maybe I'll change my tune.  I doubt it though.  At this point I remain completely convinced that a heavy equity allocation is the best choice for the long run.

But to Ched's point, we really may need to temporarily rename the thread $250 to $200k.
Title: Re: Race from 250 to 500k!
Post by: OurTown on February 11, 2016, 01:48:31 PM
Stocks are on sale.  Let's all keep dollar cost averaging into the market.  I don't think it's dropped enough for me to hit a rebalancing band yet.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on February 12, 2016, 02:05:37 PM
I'm trying not to even watch the market. Been humping a 5-pack of rentals (1/3 share via my LLC) and the deal is signed as of today. My commission should be close to $5K, which will probably go into this year's IRA contribution if I haven't done that already. My share of the investment is a little over $10K and should build about $700 equity per month... god bless leverage.
Title: Re: Race from 250 to 500k!
Post by: Libertea on February 16, 2016, 01:21:55 AM
I'm in too.  Was at $305,000 on 12/31/2015.  Even with the lousy market, I anticipate hitting $500,000 in early 2017 and FI @ $650,000 by mid 2018 (because of high savings rate ~$13,000/month, unfortunately not because I'm a brilliant investor).  Will update again on 3/31. 
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on February 16, 2016, 06:51:20 AM
I'm in too.  Was at $305,000 on 12/31/2015.  Even with the lousy market, I anticipate hitting $500,000 in early 2017 and FI @ $650,000 by mid 2018 (because of high savings rate ~$13,000/month, unfortunately not because I'm a brilliant investor).  Will update again on 3/31.
Investing $13K every month sounds pretty fucking brilliant to me. I'd do that too, if I could figure out how. ;)
Title: Re: Race from 250 to 500k!
Post by: Libertea on February 17, 2016, 02:02:42 AM
I'm in too.  Was at $305,000 on 12/31/2015.  Even with the lousy market, I anticipate hitting $500,000 in early 2017 and FI @ $650,000 by mid 2018 (because of high savings rate ~$13,000/month, unfortunately not because I'm a brilliant investor).  Will update again on 3/31.
Investing $13K every month sounds pretty fucking brilliant to me. I'd do that too, if I could figure out how. ;)
It has actually been more challenging than I expected.  I have only had this high-income position for a little over a year, and until I got here, I didn't really have an appreciation for how strong the social pressure is to spend more just because you make more.  Also, I paid more in taxes last year than the total amount I earned for the prior several years put together.  It was kind of shocking to see how big the government's cut was.  (I know, first world problems and all, but still.... :-p)
Title: Re: Race from 250 to 500k!
Post by: boarder42 on February 17, 2016, 04:27:20 AM
I'm in currently around 300k in retirement funds so I'll just use that. Have around 100k in house networth. But the market is going to need to cooperate to get there.
Title: Re: Race from 250 to 500k!
Post by: MasterStache on February 17, 2016, 05:50:22 AM
Market is crazy these days. But I don't see it as going backwards. Perhaps if I were selling anytime soon. I think it's a great opportunity to hit 500K faster. In fact I dumped my wife's "car fund" into Vanguard a few weeks ago. The more we buy at lower prices the faster we'll hit 500K...... hopefully!
Title: Re: Race from 250 to 500k!
Post by: YellowCat on February 17, 2016, 06:31:46 AM
We're in! Net worth as of Jan 31 was ~$307k, down from ~$312 from November of last year despite all of our additional investments since then. I'm hoping this challenge will help to keep me motivated as we watch our NW go down despite throwing money at the market like crazy :)
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on February 17, 2016, 07:18:06 AM
It has actually been more challenging than I expected.  I have only had this high-income position for a little over a year, and until I got here, I didn't really have an appreciation for how strong the social pressure is to spend more just because you make more.
I've seen it, even as a government guy. My first couple of years at my current job, I spent 95% of the highest salary I'd ever had. I credit my wife for eventually shaming me out of lifestyle creep. ;)
Quote
Also, I paid more in taxes last year than the total amount I earned for the prior several years put together.  It was kind of shocking to see how big the government's cut was.  (I know, first world problems and all, but still.... :-p)
Hey, at least you're not raging about it like some people, and kudos for the maturity.
We're LCOL so we've managed a high SR without earning enough to pay huge tax bills, but ours are about to start rising pretty dramatically too, as we cross well into tIRA phaseout territory this year via continued raises and improving side hustles. Boohoo! lol
On the plus side, this pushes us back to Roths and gives us better withdrawal options for the future.
Title: Re: Race from 250 to 500k!
Post by: BBub on February 17, 2016, 07:47:07 AM
It has actually been more challenging than I expected.  I have only had this high-income position for a little over a year, and until I got here, I didn't really have an appreciation for how strong the social pressure is to spend more just because you make more.
I've seen it, even as a government guy. My first couple of years at my current job, I spent 95% of the highest salary I'd ever had. I credit my wife for eventually shaming me out of lifestyle creep. ;)

Yeah it can be a challenge at first, but once you acclimate to running a massive surplus it just becomes your new normal.  On the plus side, while you are figuring it out a 5-figure monthly surplus makes it pretty easy to get back on track if you blow things out one month!  Assuming you remain employed and in good health, you're nearly guaranteed success as long as you don't make multiple stupid decisions which jack up your recurring costs (i.e. big ass house, financed car, country club membership, affinity for high-end wine, etc).  I'm in a similar boat to libertea.  Not quite saving $13k, but averaging low 5 figures.  I find that even in the worst of months, we still manage to tuck away 8-9k.  I just can't possibly seem to spend all of this extra money.  Short of some major medical situation, or maybe a hurricane wiping us out & having to live in a hotel for a while, or something extreme like that.. I can't imagine how we'd spend 5 figures in a month.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on February 17, 2016, 09:51:42 AM
Heh... well, we are approaching 140k gross but we only baseline about 10k/mo (the rest is irregular) so after maxing TSP etc, our cushion isn't quite that fat. Plus, I am always seeing compelling opportunities for investment... so I won't even be sitting on real cash until sometime this summer, over two years into my personal MMM-ish experiment. But the SR is ridiculous compared to the 5-10% I used to run. We tend to keep it about 60% now, and I've hit 70-75% a few times. Feels awesome.
Title: Re: Race from 250 to 500k!
Post by: Libertea on February 17, 2016, 03:37:35 PM
It has actually been more challenging than I expected.  I have only had this high-income position for a little over a year, and until I got here, I didn't really have an appreciation for how strong the social pressure is to spend more just because you make more.
I've seen it, even as a government guy. My first couple of years at my current job, I spent 95% of the highest salary I'd ever had. I credit my wife for eventually shaming me out of lifestyle creep. ;)
Quote
Also, I paid more in taxes last year than the total amount I earned for the prior several years put together.  It was kind of shocking to see how big the government's cut was.  (I know, first world problems and all, but still.... :-p)
Hey, at least you're not raging about it like some people, and kudos for the maturity.
We're LCOL so we've managed a high SR without earning enough to pay huge tax bills, but ours are about to start rising pretty dramatically too, as we cross well into tIRA phaseout territory this year via continued raises and improving side hustles. Boohoo! lol
On the plus side, this pushes us back to Roths and gives us better withdrawal options for the future.
Raging about paying taxes doesn't make much sense to me.  I mean, what are my options here?  1) Give up a high paying job to take a lower paying job so that I pay less in taxes.  That option makes good sense for after FI (and I plan to use this exact strategy then), but it doesn't make much sense while trying to achieve FI.  You can only cut your expenses so much, and after that, the only other option to reach FI faster is to earn more money.  Since we have a progressive tax system in this country, that necessarily means you will also pay more taxes.  2) Try to evade taxes.  Also suboptimal.  I visited the county jail on a school field trip once, and I have no desire to ever be a long-term resident.  Not to mention wasting money on fines, lawyer fees, etc.  Hell, I don't even speed on the highway because I don't want to have to waste my money paying for a speeding ticket.  3) Suck it up for the few years it will take me to achieve FI, and be grateful I live in a country that gives me this opportunity, even if it takes half of what it gives with one hand back with the other.  Not to mention that I've benefited from various taxpayer-funded initiatives, including a public education, roads, police, the local public library, museums, parks, state scholarship money for college, etc.

Still, I fervently hope that we don't end up with another four years of a Democrat in the White House.... :-p

You probably already know that you can still contribute to a Roth even if you earn too much to contribute directly.  I did this "back-door Roth" for the first time last year.  You obviously can't take the tax deduction, but you do it by first contributing up to $5500 to a traditional IRA, then converting it to the Roth.  It's simple to do and just involves some paperwork that your financial institution customer service rep can easily walk you through if needed.  There is no tax due since you contributed post-tax money to the tIRA.  The only caveat is that you can run into pro-rating issues if you already have money in a tIRA before you start, so people who already have big tIRA accounts should probably not do back-door Roths unless they plan to pay taxes on and convert all of the money that's already in the tIRA.  That could be a pretty enormous tax bill if you've been contributing to a tIRA for a long time.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on February 17, 2016, 05:41:59 PM
Preacher, this is the choir, but too many people (even here) don't get that.
Can't you just get a separate tIRA to deal with that?
I'll probably never hit the Roth phaseout but that's still good to know.
Title: Re: Race from 250 to 500k!
Post by: Libertea on February 19, 2016, 07:13:20 AM
Preacher, this is the choir, but too many people (even here) don't get that.
Can't you just get a separate tIRA to deal with that?
I'll probably never hit the Roth phaseout but that's still good to know.
No, the IRS doesn't compartmentalize them like that.  They essentially treat all of your tIRAs like one big account for pro-rating purposes.  See this article for a more thorough explanation: https://www.bogleheads.org/wiki/Backdoor_Roth_IRA
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on February 19, 2016, 08:39:02 AM
No, the IRS doesn't compartmentalize them like that.  They essentially treat all of your tIRAs like one big account for pro-rating purposes.  See this article for a more thorough explanation: https://www.bogleheads.org/wiki/Backdoor_Roth_IRA
I learn something new every day here. Thanks for the link!
There's a part of me that is actually willing to pay more in taxes over time to avoid complicated tax accounting. I'm glad I probably won't face this particular dilemma. >.<

My small victory this week: earnest money delivered for my partnership's upcoming rental buy, and funds are all identified for consolidation into the down payment. As our agent, I should clear almost $5k in commission - an instant return nearly equal to my share of the down payment. But the real value is in the long term. This should bump my share of total returns to around $1k/mo starting in April - not bad for $20K invested over two years.
Title: Re: Race from 250 to 500k!
Post by: doggyfizzle on February 25, 2016, 12:16:42 PM
Zephyr, I've got a similar-sounding situation to you; ive got a 10% stake in an LLC that owns an office building in San Jose CA and some promissory notes at 8-10% interest for microbreweries that should be kicking $800-$1000 bucks a month off $30k invested over 9 years.  Leverage on the office building ($5.5 mil purchase price with $500k down) certainly helps amplify the returns.
Title: Re: Race from 250 to 500k!
Post by: bkmnky72 on February 26, 2016, 09:58:42 PM
I'm in.  I rechecked our numbers at $361K, including house.  Without house it's about $130K.  Real estate is ridiculously crazy in our area right now. 

Early last month we're at $295K. 

Would love to hit $500K by 2020, so that's about $35-$50K\year. 
Title: Re: Race from 250 to 500k!
Post by: OurTown on February 29, 2016, 08:29:00 AM
I'll update the spreadsheet this weekend.  Any move at all on the plus side will be a win.
Title: Re: Race from 250 to 500k!
Post by: RWD on February 29, 2016, 08:49:34 AM
After being flat for three months at the starting line of this challenge we've finally seen an uptick.
Title: Re: Race from 250 to 500k!
Post by: garth on March 01, 2016, 06:17:54 AM
I'll play. We've been hovering around $250k since November, through we're currently a little below that at $240k. If we can save $100k this year, I'll be pretty happy. It's definitely a stretch goal though...last month we only stashed $4600. It's not impossible though. My wife is about to start working after 7 months off, so March and beyond should look much better.

End of Feb NW was $255k (+15k over end of Jan). Hoping to add $9k to investment accounts in March. We'll see what happens.
Title: Re: Race from 250 to 500k!
Post by: BBub on March 01, 2016, 06:48:21 AM
Nov 31, 2015: $254,178
Dec 31, 2015: $258,054
Jan 31, 2016: $264,247
Feb 29, 2016: $271,241
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on March 01, 2016, 08:16:32 PM
3/1/16
NW $414K
Liquid $322K

You're getting really close to passing me by Bbub. Happy for you.
Title: Re: Race from 250 to 500k!
Post by: BBub on March 02, 2016, 07:40:12 AM
Not if you keep rocking out w/ those flips!  I'm happy for your progress too.  $285 to $322k in 3 months in a declining market is quite a feat!   

Whether it takes you 3yrs, or me 4yrs matters not.. I look forward to the day we'll be able to plan out a nice long trip together spent fishing, camping & drinking brews on some lightly inhabited barrier island.  And I won't have to bolt back into the office!
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on March 02, 2016, 10:43:04 AM
Once again, I'm impressed by Cheddar and BBub. You are my heroes.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on March 02, 2016, 10:54:20 AM
I can't decide if I should be in this challenge or the other (100-250).  I only fit this one based on net worth.

Anyway, January 2016 I was at 327K.
February 2016 I was at 324.  I actually invested 12K, paid 3700 towards my mortgage and 2500 towards debts during that time, but house value is down and so are my investments.
Title: Re: Race from 250 to 500k!
Post by: BBub on March 02, 2016, 03:47:35 PM
Once again, I'm impressed by Cheddar and BBub. You are my heroes.

JGS - I'm eagerly awaiting your stats at quarter-end.  Based on your past progress, we may go from heroes to goats pretty soon!
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on March 03, 2016, 10:30:29 AM
Hi, I graduated from the other race (100k to 250k) and am now throwing my hat into this ring. 

Liquid assets, 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 <---Looks like I made it, thanks to a home sale.  This includes subtracting 120k down on next property.  God bless frothy real estate.
2/16: 314k

Am looking forward to shooting for the FI stars with you guys and gals.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 03, 2016, 10:33:17 AM

1/15: 88k
2/16: 314k


That pace though! Wow! >.<
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on March 03, 2016, 11:20:59 AM

1/15: 88k
2/16: 314k


That pace though! Wow! >.<
A lot of that bump in 16 had to do with a real estate sale. I see how real estate can be a huge wealth creator.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 03, 2016, 12:16:49 PM
A lot of that bump in 16 had to do with a real estate sale. I see how real estate can be a huge wealth creator.
It's the cornerstone of my FIRE plan.
Title: Re: Race from 250 to 500k!
Post by: YellowCat on March 03, 2016, 01:29:56 PM
We're in! Net worth as of Jan 31 was ~$307k, down from ~$312 from November of last year despite all of our additional investments since then. I'm hoping this challenge will help to keep me motivated as we watch our NW go down despite throwing money at the market like crazy :)

It's nice to see the market bouncing back a little bit. NW as of Feb. 29 was ~$315k, NW right now is ~$320k. Can't complain. I'm aiming for $425k by the end of 2016, with a stretch goal of $450k. That's with ~$95-100k of investments this year...(Hell, who am I kidding. I'd be pretty tickled to hit $400k...It all just depends on the market.)
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on March 03, 2016, 02:54:31 PM
I think I'll join you guys... I just calculated my NW for the first time in a year and I'd like to focus on it a bit more.

NW: $429k (includes equity & mortgage balance)
Investments: $446k

I should be able to hit $500k NW if the market stays flat this year, which is important because my wife wants to stop working at the end of the year in anticipation of our 3rd kid (3 kids in daycare = insanity).  Maxing out everything I can until December!
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 03, 2016, 02:58:14 PM
I think I'll join you guys... I just calculated my NW for the first time in a year and I'd like to focus on it a bit more.

NW: $429k (includes equity & mortgage balance)
Investments: $446k

I should be able to hit $500k NW if the market stays flat this year, which is important because my wife wants to stop working at the end of the year in anticipation of our 3rd kid (3 kids in daycare = insanity).  Maxing out everything I can until December!
How is your total NW less than your investments? Negative equity in...??
Title: Re: Race from 250 to 500k!
Post by: OurTown on March 03, 2016, 06:10:22 PM
Jan. 1, 2016 = 374
Feb. 1, 2016 = 373
Mar. 1, 2016 = 379
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on March 03, 2016, 06:35:07 PM
I think I'll join you guys... I just calculated my NW for the first time in a year and I'd like to focus on it a bit more.

NW: $429k (includes equity & mortgage balance)
Investments: $446k

I should be able to hit $500k NW if the market stays flat this year, which is important because my wife wants to stop working at the end of the year in anticipation of our 3rd kid (3 kids in daycare = insanity).  Maxing out everything I can until December!
How is your total NW less than your investments? Negative equity in...??

$130k equity, $150k left on the loan... total is -$20k to my NW.  No non-mortgage debt so you don't see it in my other investments (equity isn't included in that #).  Total assets is somewhere in the $600k range.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 03, 2016, 06:37:52 PM
I think I'll join you guys... I just calculated my NW for the first time in a year and I'd like to focus on it a bit more.

NW: $429k (includes equity & mortgage balance)
Investments: $446k

I should be able to hit $500k NW if the market stays flat this year, which is important because my wife wants to stop working at the end of the year in anticipation of our 3rd kid (3 kids in daycare = insanity).  Maxing out everything I can until December!
How is your total NW less than your investments? Negative equity in...??

$130k equity, $150k left on the loan... total is -$20k to my NW.  No non-mortgage debt so you don't see it in my other investments (equity isn't included in that #).  Total assets is somewhere in the $600k range.
So the home is worth $280k? That adds $130k to NW, not reduces $20k.
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on March 03, 2016, 07:00:36 PM
I think I'll join you guys... I just calculated my NW for the first time in a year and I'd like to focus on it a bit more.

NW: $429k (includes equity & mortgage balance)
Investments: $446k

I should be able to hit $500k NW if the market stays flat this year, which is important because my wife wants to stop working at the end of the year in anticipation of our 3rd kid (3 kids in daycare = insanity).  Maxing out everything I can until December!
How is your total NW less than your investments? Negative equity in...??

$130k equity, $150k left on the loan... total is -$20k to my NW.  No non-mortgage debt so you don't see it in my other investments (equity isn't included in that #).  Total assets is somewhere in the $600k range.
So the home is worth $280k? That adds $130k to NW, not reduces $20k.
You don't put your mortgage against your net worth?  I thought net worth was simply a summation of all your assets and all of your liabilities?
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 03, 2016, 07:05:16 PM
You should, but you're actually doing it twice.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 03, 2016, 07:07:10 PM
Some people leave their home out entirely, which is legit, but if you factor it in, realize that your mortgage has already been subtracted from the home's value to calculate equity. Unless you have negative equity, the home should add NW.
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on March 03, 2016, 07:50:01 PM
I think I'm miscommunicating something here... if you have a $300k house with no other assets, and the mortgage left on it is $150k, what is your net worth?
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 03, 2016, 07:51:06 PM
150k.
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on March 03, 2016, 08:16:33 PM
I think I'm miscommunicating something here... if you have a $300k house with no other assets, and the mortgage left on it is $150k, what is your net worth?

Yes, I think you're misunderstanding.
You say 130k equity, 150k left on the mortgage.  Let's assume that the home is worth 280k (it's only worth what you can sell it for; you may be able to sell for 250k or 300k, but let's just assume 280k.)
That would add 130k to your conventional NW, as opposed to adding -20k to your NW.
I keep property values and equities out of my FI NW, as I plan to live in my home and need 25x expenses in invested assets, not just assets on the balance sheet.
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on March 04, 2016, 06:22:13 AM
I think I'm miscommunicating something here... if you have a $300k house with no other assets, and the mortgage left on it is $150k, what is your net worth?

Yes, I think you're misunderstanding.
You say 130k equity, 150k left on the mortgage.  Let's assume that the home is worth 280k (it's only worth what you can sell it for; you may be able to sell for 250k or 300k, but let's just assume 280k.)
That would add 130k to your conventional NW, as opposed to adding -20k to your NW.
I keep property values and equities out of my FI NW, as I plan to live in my home and need 25x expenses in invested assets, not just assets on the balance sheet.
150k.
Sorry zephyr, I was wrong.  I thought it would be zero in my example because you still have a mortgage against it, but I was forgetting the actual asset is worth $300k, which is the amount the mortgage is actually against.  When I got to work this morning I decided to talk to the accountant that sits next to me about this because I just wasn't getting it.  He helped explain it pretty clearly and again, I was wrong.  I guess its a good thing to be wrong about, in this case...  so I'll have to participate in this challenge with the caveat of $500k investable assets challenge instead, which as Icecreamarsenal suggested is more important in the long run.

Starting amount: $446k
Net worth: $596k

I had no idea I broke $500k NW btw... lol
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 04, 2016, 06:30:55 AM
I had no idea I broke $500k NW btw... lol
Well congrats!
You're way ahead of me...;)
Title: Re: Race from 250 to 500k!
Post by: bkmnky72 on March 11, 2016, 05:28:21 AM
I'm in.  I rechecked our numbers at $361K, including house.  Without house it's about $130K.  Real estate is ridiculously crazy in our area right now. 

Early last month we're at $295K. 

Would love to hit $500K by 2020, so that's about $35-$50K\year.

$391K 3/11/16
Title: Re: Race from 250 to 500k!
Post by: BookWorm22 on March 13, 2016, 12:16:55 PM
I am in for this challenge.

12/31/15 - 243,200

With the latest number crunching I have crossed over $250K this month, but I will wait until the end of the month to post the actual numbers.  I included all retirement accounts for now.  We also plan to purchase rentals to create cash flow after FIRE to bridge the gap before accessing retirement accoutns.  This is the year we are starting to save for rentals so I will be including that mini stache until we purchase. 
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on March 13, 2016, 12:48:57 PM
Trying to be a bit more granular to see actual trends:

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
(early) March 2016: 332K (I've invested/paid off principal of ~15K the last two months, but the market and my house value are down)
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 14, 2016, 06:57:42 AM
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)
Good lawd. How big is your roof? For $60K, I could replace all the roofs on all the houses I own, and buy a car with the leftovers.

I'm in some slightly more volatile investments right now so I won't try to nail down my exact NW, but I should close out Q1 in the $300K range, up from ~$260K. Currently adding about 5k/mo, but very lumpy. March will include almost $6K in nonrecurring income, and Q2 is filling up with surprise real estate deals and other gimmes. Even going to Argentina in April will actually reduce our current spending - we paid for airfare months ago, and lodging + most meals are covered. Family :)

All in all, I may need to reevaluate (compress) my best/worst case timelines. Feels good.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on March 14, 2016, 12:44:29 PM
"roof" is loose there.  My 12-unit Manhattan condo thought we needed a new roof, but when we took the roof off, we also needed a new parapet wall.  and when we took that down, we also needed to rebuild ~80 feet of brick wall on the 5th floor. And when we vacated them, shored the weight, and demolished those walls, we found out we needed to repoint two entire walls of the building.  I saw the state of the mortar, it was appalling, and very lucky we do not live in an earthquake-prone place!

I considered selling, but thought I'd take a ~200K hit and it didn't seem worth it.

I don't know how that 64K will be treated on my taxes yet, I have no idea.  Definitely hiring an accountant.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on March 14, 2016, 01:09:45 PM
What's everyone's timing goal? 

Aggressively and based on keeping my current job, I think I could reach it by June 2017.   If DH makes more money or the market takes off, sooner.  Sine we're TTC in about a month, though, all bets are off.  My friend in my neighborhood said they pay their nanny ~60K, so my childcare expense estimate was way too low.

Quote
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
(early) March 2016: 332K (I've invested/paid off principal of ~15K the last two months, but the market and my house value are down)
June 2016: 357K
September 2016: 385K (i'll finish paying off my 401K loan here and can pick up the investment/HELOC pay off pace by ~1K monthly)
December 2016: 443K
March 2017: 475K
June 2017: 505K
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 14, 2016, 01:29:32 PM
"roof" is loose there.  My 12-unit Manhattan condo thought we needed a new roof, but when we took the roof off, we also needed a new parapet wall.  and when we took that down, we also needed to rebuild ~80 feet of brick wall on the 5th floor. And when we vacated them, shored the weight, and demolished those walls, we found out we needed to repoint two entire walls of the building.  I saw the state of the mortar, it was appalling, and very lucky we do not live in an earthquake-prone place!

I considered selling, but thought I'd take a ~200K hit and it didn't seem worth it.

I don't know how that 64K will be treated on my taxes yet, I have no idea.  Definitely hiring an accountant.

Man, that sucks so much.

I don't think that $64K will help you on taxes as much as subsidizing DH. If it's classified as personal residence repairs or maintenance, nothing. If you can add it to your cost basis, it could contribute to a capital loss at time of sale.
Title: Re: Race from 250 to 500k!
Post by: BBub on March 14, 2016, 02:16:03 PM
What's everyone's timing goal? 

Aggressively and based on keeping my current job, I think I could reach it by June 2017.   If DH makes more money or the market takes off, sooner.  Sine we're TTC in about a month, though, all bets are off.  My friend in my neighborhood said they pay their nanny ~60K, so my childcare expense estimate was way too low.

My timing goal is stated at the beginning of the thread as Feb 2017, but that seems very unrealistic.  That goal was made in response to the challenge to complete 250-500k in the same amount of time as 100-250k.

Realistically, by the end of 2017.  Hopefully sooner.
Title: Re: Race from 250 to 500k!
Post by: RWD on March 14, 2016, 06:14:58 PM
What's everyone's timing goal?

With an average stock market it should be in early 2018 for us.
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on March 14, 2016, 06:29:41 PM
Net worth, I'm already there but with investments, as long as the market stays flat I should be there by the end of this year.  Unfortunately, the end of the year is when my wife is planning on quitting work after our 3rd is born so my $300k income will drop by $100k for 2016.  Because of that, we're stashing extra hard this year and things will obviously slow down significantly next year... but at least this challenge will be in the books by that time :)
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 14, 2016, 08:15:58 PM
First estimate as of December was 2-4 years. Using that as my reference date, range is now 18-30 months. Wages, side work, and investment earnings are all on track for a record year (except for wages, that time in Iraq).
Title: Re: Race from 250 to 500k!
Post by: bkmnky72 on March 25, 2016, 12:09:28 AM
I'm in.  I rechecked our numbers at $361K, including house.  Without house it's about $130K.  Real estate is ridiculously crazy in our area right now. 

Early last month we're at $295K. 

Would love to hit $500K by 2020, so that's about $35-$50K\year.

$391K 3/11/16

Checking in at $402 3/24/16.  Not bad even though my stocks took a big dive yesterday.
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on March 25, 2016, 01:22:14 PM
...Might be cashing out $100K in Home equity...

Currently around $285K not counting that private stock. Projected around $450K by end of 2016.

This should be fun.

Took a huge step today toward the bolded part, but it won't be $100K net cash out. We just signed a contract to sell our house at $10K over my NW carrying value, off market, no commissions. I might actually cross over $500k liquid/investable for a bit this summer, but it will be temporary as 20% down on the new place will drop us back down. Still projecting $425-450 (maybe more?) invested by 12/31/16. Great things are happeneing so far in 2016 for us.
Title: Re: Race from 250 to 500k!
Post by: Dicey on March 25, 2016, 01:52:23 PM
...Might be cashing out $100K in Home equity...

Currently around $285K not counting that private stock. Projected around $450K by end of 2016.

This should be fun.

Took a huge step today toward the bolded part, but it won't be $100K net cash out. We just signed a contract to sell our house at $10K over my NW carrying value, off market, no commissions. I might actually cross over $500k liquid/investable for a bit this summer, but it will be temporary as 20% down on the new place will drop us back down. Still projecting $425-450 (maybe more?) invested by 12/31/16. Great things are happeneing so far in 2016 for us.
Oh, you big, fat, greasy, cheesy tease. Two lines is not an update, especially these two! I demand a real update! Hmmm, sorry for that outburst. I will wait politely until after April 18th.
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on March 25, 2016, 03:20:22 PM
Ok Diane, I'll post a Block update over the weekend. Maybe tonight. I'll be sure to send you a PM as soon as it's ready. Cool?
Title: Re: Race from 250 to 500k!
Post by: Dicey on March 25, 2016, 05:02:40 PM
No, really, I can wait. I just wanted to bust your chops for calling these two lines an "update", lol. Enjoy your family this weekend. The rest can wait, really.
Title: Re: Race from 250 to 500k!
Post by: BBub on March 26, 2016, 07:44:33 AM
Nice Ched!  That's awesome news & especially nice you got it done off market.  That buyer never stood a chance - i mean, who could resist that shed?
Title: Re: Race from 250 to 500k!
Post by: sisto on March 29, 2016, 10:45:52 AM
I too have been shooting to hit this in investments only and had hoped to do so by the end of 2015. The market killed me and I still haven't gotten back to where I was in November and that's with the addition of $11K. For now I will just keep plugging along and investing.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on March 29, 2016, 02:17:29 PM
Well i'm sitting at 325k in invested assets and should add 100k this year.  meaning 2017 will be the year we hit it.  We have over 150k in equity in our home so that will hit this year.
Title: Re: Race from 250 to 500k!
Post by: CorpRaider on March 30, 2016, 12:05:00 PM
No, really, I can wait. I just wanted to bust your chops for calling these two lines an "update", lol. Enjoy your family this weekend. The rest can wait, really.

Haha.  I was going to say, "post an update or I'm canceling my subscription!"
Title: Re: Race from 250 to 500k!
Post by: bkmnky72 on March 31, 2016, 03:05:55 AM
I'm in.  I rechecked our numbers at $361K, including house.  Without house it's about $130K.  Real estate is ridiculously crazy in our area right now. 

Early last month we're at $295K. 

Would love to hit $500K by 2020, so that's about $35-$50K\year.

$391K 3/11/16

Checking in at $402 3/24/16.  Not bad even though my stocks took a big dive yesterday.

Rounding up the month at $420K, mostly house.  Without house it's $129K.
Title: Re: Race from 250 to 500k!
Post by: BBub on March 31, 2016, 06:59:03 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

And I broke $300k liquid.  Woot woot!  FD: as of today, before the market opens.  If any of my core holdings are down by a just few pennies I'll be back in the terrible two's (oh the horror). I'll update my numbers in the journal tomorrow.  They'll be a little higher/lower based on today's performance, but I had to post this milestone somewhere.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on March 31, 2016, 08:48:14 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 (including some trades that will go through at close of business, I think)

This is definite progress, but it feels a bit unsatisfying, as I've actually paid off ~8K in principal and invested ~20K. 12K has disappeared!  This upcoming month I should pay down 2-3K in interest and invest another 6K, so here's hoping for 352K at the end of April.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 31, 2016, 09:47:30 AM
This is definite progress, but it feels a bit unsatisfying, as I've actually paid off ~8K in principal and invested ~20K. 12K has disappeared!  This upcoming month I should pay down 2-3K in interest and invest another 6K, so here's hoping for 352K at the end of April.
It'll always fluctuate! The more you have, the more those little twitches will move your needle.

On Tuesday, I collected $4K in commission on a partnership buy that should add almost $1K/mo to my NW. I haven't added it up lately but I think I'm close to 300. At present rates, 1.5-2 years... such huge variables... but I'm feeling good. :)
Title: Re: Race from 250 to 500k!
Post by: BBub on March 31, 2016, 09:52:30 AM
Zephyr - how was the $25 scotch drink?
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on March 31, 2016, 10:07:31 AM
Zephyr - how was the $25 scotch drink?
I don't even know when we're gonna get around to it, TBH. I've been sick for the last two weeks and DW and I are bailing for 17 days in Argentina tomorrow.
We did buy a couple of good craft beers the day of closing, but the scotch will probably have to wait.
Title: Re: Race from 250 to 500k!
Post by: BookWorm22 on March 31, 2016, 03:32:06 PM
Here is our progress as of today:

12/31/15 - 243,200
3/31/16 - 265,500

This includes pre-tax retirement accts ($85,500), Roth IRAs ($52,800), Pensions ($121,700) and the mini stache for a future rental property down payment ($5,500).

Fun to see progress in the right direction. 
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on March 31, 2016, 07:01:51 PM
jan - $415k stash // $590k NW
feb - $428k stash // $598k NW
mar - $445k stash // $620k NW

big month, up across the board.  2nd part of my bonus comes this next month (company withheld 25% for "accounting purposes") so that will keep the momentum going.
Title: Re: Race from 250 to 500k!
Post by: bzzzt on March 31, 2016, 09:41:58 PM
Ended the month @ $303k NW. Could've stretched more, but I actually spent money on hobby supplies.

After almost no hobby stuff last year to get the house paid off, it hurt to spend the money. I did spend some great time with my Brothers and my Dad, which makes it all worth it.
Title: Re: Race from 250 to 500k!
Post by: Libertea on April 01, 2016, 04:46:13 AM
Here's my quarterly update:

9/30/2015: $251,681.81
12/31/2015: $305,3330.82
3/31/2016: $344,717.52

Assuming returns continue to not be very good, I should hit $500,000 in about one year.  Which is perfect, because that's when I am planning to quit this job and go do something else significantly less remunerative.
Title: Re: Race from 250 to 500k!
Post by: garth on April 01, 2016, 06:01:48 AM
We had our 2nd best month in March (since I've been keeping tracK anyway): our net worth increased $22k to roughly $277k. We're now closing in on $250k in equities and could hit it sometime in June.

Oct 15: $247k
Nov 15: $255k
Dec 15: $256k
Jan 16: $241k
Feb 16: $255k
Mar 16: $277k

Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on April 01, 2016, 08:32:38 AM


Hi, I graduated from the other race (100k to 250k) and am now throwing my hat into this ring. 

Liquid assets, 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 <---Looks like I made it, thanks to a home sale.  This includes subtracting 120k down on next property.  God bless frothy real estate.
2/16: 314k

Am looking forward to shooting for the FI stars with you guys and gals.

3/16: 329k
Title: Re: Race from 250 to 500k!
Post by: therethere on April 01, 2016, 10:14:12 AM
Yay! Just crossed the 250k NW during my April 1 roundup. 500k is probably many many years away. But hey, DH doesn't think about our NW so I need someone to share it with! 500k conveniently coincides with what we need to support us with retirement starting at age 60. Once are near that point we're hoping to dial back on jobs/income maybe even to part time or seasonal work so I expect progress to significantly slow at one point. As for a quick background we are DINKS, renters with no RE, and still have student loans.

Our History:
My history:
Jan 2007 - (-242,000)
Jan 2013: (-26,835)
July 2013: 6,019
Jan 2014: 63,670
May 2014: 98,814
Jan 2015: 139,954
July 2015: 191,148
Jan 2016: 221,252
Feb 2016: 213,366
Mar 2016: 227,492
April 2016: 256,226

Title: Re: Race from 250 to 500k!
Post by: onlykelsey on April 01, 2016, 10:29:09 AM
This is definite progress, but it feels a bit unsatisfying, as I've actually paid off ~8K in principal and invested ~20K. 12K has disappeared!  This upcoming month I should pay down 2-3K in interest and invest another 6K, so here's hoping for 352K at the end of April.
It'll always fluctuate! The more you have, the more those little twitches will move your needle.

On Tuesday, I collected $4K in commission on a partnership buy that should add almost $1K/mo to my NW. I haven't added it up lately but I think I'm close to 300. At present rates, 1.5-2 years... such huge variables... but I'm feeling good. :)

Although a few of the jumps and falls are blips from account connectivity (or lack thereof), it is striking how much more volatile my net worth has become as I've moved from just slowly paying down my mortgage and making equal 401(k) contributions to more aggressively investing in the last few years. I need a more solid stomach.  Or maybe I need to consider paying down debt more aggressively and investing less aggressively to avoid having a heart attack looking at my net worth.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on April 01, 2016, 10:51:27 AM
This is definite progress, but it feels a bit unsatisfying, as I've actually paid off ~8K in principal and invested ~20K. 12K has disappeared!  This upcoming month I should pay down 2-3K in interest and invest another 6K, so here's hoping for 352K at the end of April.
It'll always fluctuate! The more you have, the more those little twitches will move your needle.

On Tuesday, I collected $4K in commission on a partnership buy that should add almost $1K/mo to my NW. I haven't added it up lately but I think I'm close to 300. At present rates, 1.5-2 years... such huge variables... but I'm feeling good. :)

Although a few of the jumps and falls are blips from account connectivity (or lack thereof), it is striking how much more volatile my net worth has become as I've moved from just slowly paying down my mortgage and making equal 401(k) contributions to more aggressively investing in the last few years. I need a more solid stomach.  Or maybe I need to consider paying down debt more aggressively and investing less aggressively to avoid having a heart attack looking at my net worth.

Thats like throwing a wrench in the works.  Just dont look or care about the day to day.  one time or another you will be dealing with these bumps.  Better now, and learning to cope and seeing recovery than paying down your house and still not being comfortable with them right before retirement.  b/c it only appears more volatile as it increases.. the percentage is the same.
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on April 02, 2016, 06:15:24 AM
Quarterly Update (without the drama of the dips and recoveries of the last few months):

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)
April-16    $277,918.06 (+20,403)

-I'm impressed with the rest of you folks. Can't keep up with your impressive rate of gains. What, are you streetwalking at night? Taking the kids out of school and enrolling them in your local sweatshop? Are the lights in your home flickering due to the drain of your marijuana hydroponics system in the basement?

Congrats to all, and keep up the good work!

JGS

Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on April 02, 2016, 07:20:52 AM
Quarterly Update (without the drama of the dips and recoveries of the last few months):

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)
April-16    $277,918.06 (+20,403)

-I'm impressed with the rest of you folks. Can't keep up with your impressive rate of gains. What, are you streetwalking at night? Taking the kids out of school and enrolling them in your local sweatshop? Are the lights in your home flickering due to the drain of your marijuana hydroponics system in the basement?

Congrats to all, and keep up the good work!

JGS

Lol, not quite.  For us, it's just a stupidly high income this year (not a permanent thing) due to a 220% bonus payout for me and selling a ton of crap from the house (pool table, decorations, and video games, mostly) in an effort to downsize.
Title: Re: Race from 250 to 500k!
Post by: frogstomp81 on April 02, 2016, 08:28:45 AM
4/1/15: $389,564.45 (Didn't track it prior to this)
4/1/16: $504,365.34



Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on April 02, 2016, 10:44:11 AM
4/1/15: $389,564.45 (Didn't track it prior to this)
4/1/16: $504,365.34

congrats on reaching the milestone!!!
Title: Re: Race from 250 to 500k!
Post by: ender on April 02, 2016, 10:54:38 AM
Holy crap you guys are adding like $100k-200k/year.

Maybe I should start a "Tortoise race from 250 to 500k!" thread. I think we'll be in that race a while more than what looks like most folks here ;-)
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on April 02, 2016, 03:09:47 PM
This is definite progress, but it feels a bit unsatisfying, as I've actually paid off ~8K in principal and invested ~20K. 12K has disappeared!  This upcoming month I should pay down 2-3K in interest and invest another 6K, so here's hoping for 352K at the end of April.
It'll always fluctuate! The more you have, the more those little twitches will move your needle.

On Tuesday, I collected $4K in commission on a partnership buy that should add almost $1K/mo to my NW. I haven't added it up lately but I think I'm close to 300. At present rates, 1.5-2 years... such huge variables... but I'm feeling good. :)

Although a few of the jumps and falls are blips from account connectivity (or lack thereof), it is striking how much more volatile my net worth has become as I've moved from just slowly paying down my mortgage and making equal 401(k) contributions to more aggressively investing in the last few years. I need a more solid stomach.  Or maybe I need to consider paying down debt more aggressively and investing less aggressively to avoid having a heart attack looking at my net worth.

Thats like throwing a wrench in the works.  Just dont look or care about the day to day.  one time or another you will be dealing with these bumps.  Better now, and learning to cope and seeing recovery than paying down your house and still not being comfortable with them right before retirement.  b/c it only appears more volatile as it increases.. the percentage is the same.

I know.  You're right.  just need to stop updating personalcapital 2593 times a day.
Title: Re: Race from 250 to 500k!
Post by: YellowCat on April 03, 2016, 06:56:34 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.
Title: Re: Race from 250 to 500k!
Post by: OurTown on April 03, 2016, 05:04:06 PM
Jan. 1, 2016 = 374
Feb. 1, 2016 = 373
Mar. 1, 2016 = 379
Apr. 1, 2016 = 391
Title: Re: Race from 250 to 500k!
Post by: Tjat on April 04, 2016, 06:48:39 PM
I'll track this with invested assets only AND with home equity

Invested Assets
10/1/2015: $252K
4/1/2016: $284K

Net Worth (w/ Home Equity)
8/1/2014: $250K
4/1/2016: $393K
Title: Re: Race from 250 to 500k!
Post by: MayDay on April 05, 2016, 08:25:38 AM
Wheeee we hit my next milestone (400K) in March!  Of course this was almost entirely H's bonus, not market growth.

Sept '14:  253K
Mar '16:  406K

That is all investments as we do not currently own a house.  If we stayed on track we would hit 500K in 1 year.  Market growth should help us, but some of the past growth was stuff like selling a car (no more cars left to sell, if anything we would need to buy one) and converting an old pension into an IRA.  So I am guessing we will be about right on a year, depending on what the market does. 
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on April 05, 2016, 11:19:39 AM
4/1/15: $389,564.45 (Didn't track it prior to this)
4/1/16: $504,365.34

Congrats on completion of the challenge Senor Frog!
Title: Re: Race from 250 to 500k!
Post by: Roadsidetreasurehunter on April 05, 2016, 06:42:30 PM
I'm in.  I'm at 347000 with investments and cash.  If I include paid off home my total is around 630000.  I hope to be at 400000 not including the house by year end.  I've been selling to de clutter and working a lot of overtime.

Congrats to everyone for all their efforts.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on April 07, 2016, 10:51:14 AM
gonna post my updates in mid april when our company share price gets updated.  Privately so it gets updated once annually.  should push thru or close to the 500k total NW mark.  still about a year or so and a decent market away from the 500k invested mark.
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on April 09, 2016, 07:24:20 AM
I'm joining the challenge (a bit late, but also with a slight head start, so I think it works out).  This year will be a little slow going because we're finishing off the last $65K of our mortgage, but next year we'll be going gangbusters. December 2018 is the goal.

Invested (& Investable)
April 9, 2016:  $319,737


Net Worth (Including Home Equity)
April 9, 2016:  $619,505
Title: Re: Race from 250 to 500k!
Post by: garth on April 09, 2016, 12:30:09 PM
I've been using the FV function in Excel to project future net worth, which seems fine for our home value, but a Monte Carlo-type simulation would be much better for our equities. Does anyone know of an online tool like cFiresim that will let you input asset allocation, yearly contributions, and time horizon to project future value? I guess I could just run the FV projects with different expected returns, but a Monte Carlo simulation would be really cool.

Anyway, using 8% annual return with the Excel FV formula, I get $500k NW in just 18 months and $500k equities in 25. Currently sitting at $278k and $230k respectively. Seeing that got me really fired up. By end of year 2021, I'll know whether I get tenure or have been fired. At that point, we could conceivably have over $1MM in equities and perhaps $150k in home equity. That would give us some damn fine options. It's fun to dream...
Title: Re: Race from 250 to 500k!
Post by: boarder42 on April 22, 2016, 09:59:02 AM
NW w/ House 486k
NW w/o House 338k

i think we will reach 500k around this time next year.  we contribute ~100k annually so with modest market gains and my share price of my company increasing at its current rate we will be there in NW w/o house.  NW with house should hit around august if i were to guess.  assuming normal markets .
Title: Re: Race from 250 to 500k!
Post by: OurTown on April 30, 2016, 06:05:41 AM
Jan. 1, 2016 = 374
Feb. 1, 2016 = 373
Mar. 1, 2016 = 379
Apr. 1, 2016 = 391
May 1, 2016 = 398
Title: Re: Race from 250 to 500k!
Post by: Roots&Wings on April 30, 2016, 07:19:13 AM
Holy crap you guys are adding like $100k-200k/year.

Maybe I should start a "Tortoise race from 250 to 500k!" thread. I think we'll be in that race a while more than what looks like most folks here ;-)

No kidding! It took me 4 years to go from $250k (2012) to $500k (2016). Sub-$100k salary. Slow and steady tortoise progress will pay off too.
Title: Re: Race from 250 to 500k!
Post by: ender on April 30, 2016, 09:01:10 AM
Holy crap you guys are adding like $100k-200k/year.

Maybe I should start a "Tortoise race from 250 to 500k!" thread. I think we'll be in that race a while more than what looks like most folks here ;-)

No kidding! It took me 4 years to go from $250k (2012) to $500k (2016). Sub-$100k salary. Slow and steady tortoise progress will pay off too.

I suspect that those 4 years will be faster for you than us though given market increases during that time ;)  We're "only" saving about $30k-$40k a year right now.

I wouldn't be surprised if once we end up here that we get kicked out for a bit for market fluctuations.
Title: Re: Race from 250 to 500k!
Post by: NYCWife on April 30, 2016, 11:21:02 AM
Wahoo! I finally get to post here for the first time. So excited to see how following MMM has really helped us financially. Definitely not as fast as many of you, but I'm still happy with our progress:

1/15 = $109
2/15 = $113
3/15 = $106
4/15 = $128
5/15 = $125
6/15 = $137
7/15 = $133
8/15 = $162
11/15 = $199
12/15 = $204

1/16 = $209
2/16 = $220
3/16 = $242
4/16 = $262
Title: Re: Race from 250 to 500k!
Post by: BBub on April 30, 2016, 11:23:30 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
Title: Re: Race from 250 to 500k!
Post by: Roots&Wings on April 30, 2016, 11:40:58 AM
Holy crap you guys are adding like $100k-200k/year.

Maybe I should start a "Tortoise race from 250 to 500k!" thread. I think we'll be in that race a while more than what looks like most folks here ;-)

No kidding! It took me 4 years to go from $250k (2012) to $500k (2016). Sub-$100k salary. Slow and steady tortoise progress will pay off too.

I suspect that those 4 years will be faster for you than us though given market increases during that time ;)  We're "only" saving about $30k-$40k a year right now.

I wouldn't be surprised if once we end up here that we get kicked out for a bit for market fluctuations.

Yep, recent market returns have been a huge help. Sounds like you're doing great saving $30-$40k/yr, you'll get there!
Title: Re: Race from 250 to 500k!
Post by: Libertea on April 30, 2016, 03:51:55 PM
Holy crap you guys are adding like $100k-200k/year.

Maybe I should start a "Tortoise race from 250 to 500k!" thread. I think we'll be in that race a while more than what looks like most folks here ;-)
FWIW, you're doing great, so don't let anyone else intimidate you or make you feel bad about your savings rate.

I look at this "race" thread the same way I look at blogs like MMM and ERE: they provide a source of inspiration, and sometimes I get some amazing specific ideas for improving my own savings rate.  But I'm not trying to actually BE those guys, any more than I'm trying to be you or anyone else on here.  And there's no reason for you to have to be me.  Right now I can save >$100k per year because right now I'm working/earning enough to do that.  It comes at a cost to other parts of my life, however, and it is not a reasonable long term life solution.  I plan to quit within a year.  Next year when I start earning less, the savings rate will obviously go way down, and hopefully the job satisfaction will go way up (and the job hours will eventually be going way down).  But there's more to life than just money, right? :-)
Title: Re: Race from 250 to 500k!
Post by: garth on April 30, 2016, 07:54:44 PM
Could hit both $300k NW and $250k equities next month.

Oct 15: $247k
Nov 15: $255k
Dec 15: $256k
Jan 16: $241k
Feb 16: $255k
Mar 16: $277k
Apr 16: $290k
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on April 30, 2016, 08:25:42 PM
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 (including some trades that will go through at close of business, I think)

This is definite progress, but it feels a bit unsatisfying, as I've actually paid off ~8K in principal and invested ~20K. 12K has disappeared!  This upcoming month I should pay down 2-3K in interest and invest another 6K, so here's hoping for 352K at the end of April.

Fail!  End of April and I'm at ~345K, despite paying down principal/investing ~8K this month.  Dislike.  Just got to keep saving, I guess.

My husband and I just found out we're expecting so I sort of want to have a mini "by the time you go on maternity leave" goal for ~8 months from now.  I'd say 375K, but I somehow don't think that's in the cards  given recent performance (unless I get my annual bonus by then).

Title: Re: Race from 250 to 500k!
Post by: bzzzt on May 01, 2016, 01:35:11 PM
Ended the month @ $303k NW. Could've stretched more, but I actually spent money on hobby supplies.

Came up to $306k NW but most of it was from market gains. Between what we owed Uncle Sam, a new set of tires for the SUV, and work being slow, there wasn't much cash flow.


Title: Re: Race from 250 to 500k!
Post by: jorjor on May 01, 2016, 02:23:15 PM
Update: All figures as of the end of the month.

Nov 15: $250k
Dec 15: $272k
Jan 16: $276k
Feb 16: $299k
Mar 16: $324k
Apr 16: $342k

Not too shabby for 5 months. A summary of what's happened during that time and a few disclaimers:
- I received a large year-end bonus in December, hence the jump in that month.
- In February, company put a big annual retirement fund contribution into my 401k (about $11k), hence a nice jump that month.
- Savings rate in the 65-70% range since the end of November, buoyed some by those two big lump sums which we didn't spend.
- In Dec/Jan we used that bonus and release of some emergency fund to pay off a 10% piggyback mortgage from when we bought a house last June. Yes, yes. We used an 80/10/10 mortgage. We didn't have 20% down. Shame on us. HCOL, very expensive rent, and some fears about real estate taking off (even more than it had been) led us to want to take a bit extra risk. Plus, I knew there was a high chance we could pay the piggyback HELOC off in 1-2 years (it was 6 months, actually). We're happy with where we are and with the decision.
- The fears of real estate taking off weren't completely unfounded. From friends looking for a place, it's gotten even harder than when we were looking, with prices spiking. Zillow seems to agree. Approximately $30k of that increase in NW above is from an increase in Zestimate (it's a full $50k higher now than it was when we bought last June). Based on what I see comparable houses in our neighborhood going for compared to just 6 months ago, I can believe it. We sort of kicked off the buying/selling in the neighborhood. It isn't a gentrifying neighborhood, but I would call it an "old" neighborhood. Many longtime residents with houses starting to turn over, and some new reasons to make the neighborhood desirable for younger folks and families (a couple great new restaurants/bars, a new pedestrian bridge to the train station, and a big new entertainment/restaurant complex finally getting approved about 2-3 miles away). The neighborhood is awesome and way cheaper than most around it, and people are noticing. We love it here. Sorry for the tangent. For consistency, the NW number includes the increase. There's your disclaimer.

The NW increase can be broken down as: +$42k invested assets, -$19k cash (lowered emergency fund sending some to invested assets and HELOC, hence the dip here...we are where we want to be now), +$30k home value, +$40k loan payoff.

Since starting with looking into MMM last February, we're up from $140k at that time to $342k now.
Title: Re: Race from 250 to 500k!
Post by: amfree on May 01, 2016, 06:06:48 PM
At 407,000 currently. Shooting for 500,000 by FEB2017.
Title: Re: Race from 250 to 500k!
Post by: FrugalFan on May 01, 2016, 06:41:37 PM
Officially joining this thread! We reached $251,521 this month in our personal investments. This does not include cash, property equity, college savings, or our pensions. At our current savings rate, it would probably take us 3-4 years to reach 500k depending on market fluctuations, but we may change some things on the job front before then. If not, then April 2019 would be good stretch goal.

April 2016  $251,521
Title: Re: Race from 250 to 500k!
Post by: doggyfizzle on May 01, 2016, 06:42:10 PM
I'm in.  Currently at 414k (~700k if you include home equity).  I should be at 500k by December 2016, although with the way Silicon Valley real estate prices are going, it could be much sooner (depending on how you value my 10% stake in an LLC that owns debt/equity in two microbreweries and a large commercial building in Saratoga).

Currently at 433k (758k if you include home equity).

Just sat down and checked everything today: 470k.  So close.  This year has been exceptionally good to us for stock market returns (mostly MO and PM).
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on May 02, 2016, 06:17:35 PM
jan - $415k stash // $590k NW
feb - $428k stash // $598k NW
mar - $445k stash // $620k NW
apr - $490k stash // $675k NW

+45k to stash this month :-O

Accepted a new job offer since last month and just got the lump sum, +2nd half of bonus, +tax return, +higher pay check.  Also, since we're moving we just had our home value adjusted up (est. $340k, paid $280k).  That's way higher than I expected, but I put it at $320k to stay conservative.  Closing costs will take off $20k at some point in the future, but its fun to watch the artificial spike none the less :)

Assets are breaching $850k... starting to approach the first $1MM milestone.  What a month.
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on May 06, 2016, 07:09:54 AM
Invested (& Investable)
April 9, 2016:  $319,737
May 6, 2016: $325,093


Net Worth (Including Home Equity)
April 9, 2016:  $619,505
May 6, 2016: $629,924
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on May 06, 2016, 08:02:46 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 (including some trades that will go through at close of business, I think)

This is definite progress, but it feels a bit unsatisfying, as I've actually paid off ~8K in principal and invested ~20K. 12K has disappeared!  This upcoming month I should pay down 2-3K in interest and invest another 6K, so here's hoping for 352K at the end of April.

Fail!  End of April and I'm at ~345K, despite paying down principal/investing ~8K this month.  Dislike.  Just got to keep saving, I guess.

My husband and I just found out we're expecting so I sort of want to have a mini "by the time you go on maternity leave" goal for ~8 months from now.  I'd say 375K, but I somehow don't think that's in the cards  given recent performance (unless I get my annual bonus by then).
Congratulations!!

Thanks!
Title: Re: Race from 250 to 500k!
Post by: Libertea on May 10, 2016, 03:56:29 AM
Out of curiosity, what are you all planning on doing next once you reach $500k?  I saw there's a thread for $1 million, but I don't need nearly that much to be FI.  So I don't think that's a goal I really want to pursue, and certainly not one that I want to race to as quickly as possible.

FWIW, I need $625k to be fully FI, though I'm planning to pad that and save some additional money to self-insure for long term care, which brings my ultra conservative total (also discounting SS) up to $800k.  But somehow the closer I get to FI, the less I desire to race there.  Once I reach $500k, I think I want to do some lifestyle engineering and just coast to $800k. :-p
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on May 10, 2016, 05:58:05 AM
Out of curiosity, what are you all planning on doing next once you reach $500k?  I saw there's a thread for $1 million, but I don't need nearly that much to be FI.  So I don't think that's a goal I really want to pursue, and certainly not one that I want to race to as quickly as possible.

FWIW, I need $625k to be fully FI, though I'm planning to pad that and save some additional money to self-insure for long term care, which brings my ultra conservative total (also discounting SS) up to $800k.  But somehow the closer I get to FI, the less I desire to race there.  Once I reach $500k, I think I want to do some lifestyle engineering and just coast to $800k. :-p
I plan on doing a jig and signing up for the million.
For those whose FI numbers are higher, this is similar to a weight loss challenge at work, I think. It's motivational and everyone wins.
Title: Re: Race from 250 to 500k!
Post by: BBub on May 10, 2016, 07:08:14 AM
Libertea - throttling back at $500k sounds nice.  You'll be there pretty soon.  Good for you.

I'll be racing past the $500k point to $1M and beyond.  Once $600k liquid is achieved I'll probably pay off the house w/ the next dollars that come in.  Regardless of the math I'd like to be debt free.  $600k and no mortgage basically means shelter and $2k/mo for life.  That will be nice.
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on May 10, 2016, 10:35:45 AM
Out of curiosity, what are you all planning on doing next once you reach $500k?  I saw there's a thread for $1 million, but I don't need nearly that much to be FI.  So I don't think that's a goal I really want to pursue, and certainly not one that I want to race to as quickly as possible.

FWIW, I need $625k to be fully FI, though I'm planning to pad that and save some additional money to self-insure for long term care, which brings my ultra conservative total (also discounting SS) up to $800k.  But somehow the closer I get to FI, the less I desire to race there.  Once I reach $500k, I think I want to do some lifestyle engineering and just coast to $800k. :-p

Well, my FIRE number is closer to $1.25-$1.5MM, including home equity.  So close to $1MM for stash.  I'm not sure how long the next milestone will take but if I don't set the target to work towards it, I know I won't get there as quickly. 
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on May 10, 2016, 10:51:38 AM
It's cool to see some of the updates in here. I'm still adding at max rate for TSP, spaced evenly throughout the year, and paying back TSP loans, for a total of about $2k/mo (plus match on the new money for a total of almost 30). Not adding any money to the rental partnership, but we plowed our final cash inputs into that big package deal and are now leveraging bank money to make major improvements to about half the properties. It looks like if we can keep expenses low in that arena we will each be building about $1k in equity per month plus $2-300 a piece in free cash flow, which is pretty f'ing phenomenal for only having $20K cash in it over two years and a current stake of $25K or so.
After two years of steadily adding to the real estate portfolio and feeling more confident than ever about market-beating returns, AND hearing a few local acquaintances express frustration about lack of investment options, I'm thinking about founding another rental company with all services outsourced from day 1. My role would be less collaborative and more directive with this one, since I've been around a bit more at this point, and it might be interesting to see how that affects relative success.
My NW is only up about $8K since Dec, but I feel good about things - poised for huge growth and saving more than ever.
Title: Re: Race from 250 to 500k!
Post by: clarkfan1979 on May 10, 2016, 01:00:13 PM
March 2014: 167K
March 2015: 280K
March 2016: 360K
May 2016: 385K

This doesn't include an employee pension that I started in August 2015. I am still trying to figure out how to incorporate that into our net worth. I think we should hit 500K in about 2 years.
Title: Re: Race from 250 to 500k!
Post by: Libertea on May 10, 2016, 09:28:07 PM
Libertea - throttling back at $500k sounds nice.  You'll be there pretty soon.  Good for you.

I'll be racing past the $500k point to $1M and beyond.  Once $600k liquid is achieved I'll probably pay off the house w/ the next dollars that come in.  Regardless of the math I'd like to be debt free.  $600k and no mortgage basically means shelter and $2k/mo for life.  That will be nice.
Yeah that sounds like a good goal.  I don't have a house, so I don't have any debt.  But if and when I do ever buy one, assuming I didn't pay for it in cash, I'd pay it off ASAP to not have to worry about making the payments any more.

I guess part of the issue for me is that I've had some evolution in my thinking from wanting to reach FI as quickly as possible, to wanting to optimize my lifestyle even if it means reaching FI more slowly.  I realized that one of my assumptions here (i.e., that it is desirable to stop working altogether) was likely flawed.  I'm a Type A personality; I don't think I'll be happy not working at all.  And I don't think it's coincidence that so many early retirees (including MMM and ERE) have ultimately gone back to work.  On the other hand, having the freedom to walk away from any job at any time, or to take on short term projects when and if I feel like it instead of having to work X number of weeks per year, sounds pretty good.  Ultimately I think what I really want is more control over my working conditions, as opposed to not working at all ever again.  Hence why I'm looking at FI with career change rather than FIRE now.
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on May 11, 2016, 04:51:42 PM
Took me 33 months to get from $100k to $250k (including real estate values, not including cars).
Let's see how long the next $250k takes!

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
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on May 31, 2016, 08:48:32 AM
It looks like I've graduated to the next level!

jan - $415k stash // $590k NW
feb - $428k stash // $598k NW
mar - $445k stash // $620k NW
apr - $490k stash // $675k NW
may - $503k stash // $687k NW

Thanks for the great motivation & conversation as we work towards this milestone.  I may stick around for another month or so to ensure the market doesn't decide to put me back under but next month's dividends should keep me pretty well insulated.  And then, onto the next milestone of $1,000,000 NW!  My final number is $1.25-1.5MM stash so from that perspective, I'm 1/3 of the way to FIRE.
Title: Re: Race from 250 to 500k!
Post by: garth on May 31, 2016, 11:18:39 AM
Could hit both $300k NW and $250k equities next month.

Well that ended up being optimistic. Retirement accounts are still sitting below $250k, right about $242k today. And while our savings rate wasn't too bad, spending was about $9,000 in May (ugh) and the $300k NW milestone will have to wait until next month. Actually, our next two months will be really good income-wise, so we're about to see some big gains.

Oct 15: $247k
Nov 15: $255k
Dec 15: $256k
Jan 16: $241k
Feb 16: $255k
Mar 16: $277k
Apr 16: $290k
May 16: $294k
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on May 31, 2016, 11:28:40 AM
It looks like I've graduated to the next level!

jan - $415k stash // $590k NW
feb - $428k stash // $598k NW
mar - $445k stash // $620k NW
apr - $490k stash // $675k NW
may - $503k stash // $687k NW

Thanks for the great motivation & conversation as we work towards this milestone.  I may stick around for another month or so to ensure the market doesn't decide to put me back under but next month's dividends should keep me pretty well insulated.  And then, onto the next milestone of $1,000,000 NW!  My final number is $1.25-1.5MM stash so from that perspective, I'm 1/3 of the way to FIRE.
Congrats!
Title: Re: Race from 250 to 500k!
Post by: OurTown on May 31, 2016, 07:40:23 PM
Jan. 1, 2016 = 374
Feb. 1, 2016 = 373
Mar. 1, 2016 = 379
Apr. 1, 2016 = 391
May 1, 2016 = 398
June 1, 2016 = 406

We broke 400K, bitches!

Title: Re: Race from 250 to 500k!
Post by: BBub on June 01, 2016, 06:22:18 AM
It looks like I've graduated to the next level!

jan - $415k stash // $590k NW
feb - $428k stash // $598k NW
mar - $445k stash // $620k NW
apr - $490k stash // $675k NW
may - $503k stash // $687k NW

Thanks for the great motivation & conversation as we work towards this milestone.  I may stick around for another month or so to ensure the market doesn't decide to put me back under but next month's dividends should keep me pretty well insulated.  And then, onto the next milestone of $1,000,000 NW!  My final number is $1.25-1.5MM stash so from that perspective, I'm 1/3 of the way to FIRE.

Awesome job!  I think you may be the first graduate?  Congratulations.
Title: Re: Race from 250 to 500k!
Post by: BBub on June 01, 2016, 06:22:34 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
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on June 01, 2016, 06:34:05 AM
It looks like I've graduated to the next level!

jan - $415k stash // $590k NW
feb - $428k stash // $598k NW
mar - $445k stash // $620k NW
apr - $490k stash // $675k NW
may - $503k stash // $687k NW

Thanks for the great motivation & conversation as we work towards this milestone.  I may stick around for another month or so to ensure the market doesn't decide to put me back under but next month's dividends should keep me pretty well insulated.  And then, onto the next milestone of $1,000,000 NW!  My final number is $1.25-1.5MM stash so from that perspective, I'm 1/3 of the way to FIRE.
Congrats!
Thanks!

Congrats MickeyMoustache! Way to go.

12/28/15: $212,400
04/30/16: $253,006
05/31/16: $258,781

Thanks!

It looks like I've graduated to the next level!

jan - $415k stash // $590k NW
feb - $428k stash // $598k NW
mar - $445k stash // $620k NW
apr - $490k stash // $675k NW
may - $503k stash // $687k NW

Thanks for the great motivation & conversation as we work towards this milestone.  I may stick around for another month or so to ensure the market doesn't decide to put me back under but next month's dividends should keep me pretty well insulated.  And then, onto the next milestone of $1,000,000 NW!  My final number is $1.25-1.5MM stash so from that perspective, I'm 1/3 of the way to FIRE.

Awesome job!  I think you may be the first graduate?  Congratulations.
Timing is everything! :)
Title: Re: Race from 250 to 500k!
Post by: sisto on June 02, 2016, 09:57:06 AM
Well it finally happened. I logged in to Mint this morning and my investments were at $501K. I thought I would hit this at the end of last year. It's felt like an uphill battle. I kept throwing money in, but the number was not going up. I know it doesn't really mean much, but it feels good to hit it. Now on to the next milestone $1M networth.
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on June 02, 2016, 12:52:31 PM
Keep it going BBub!

Congrats Mickey and Sisto for completing the challenge!

JGS
Title: Re: Race from 250 to 500k!
Post by: BBub on June 02, 2016, 02:26:30 PM
Thanks JGS!  Looking forward to your progress next month.
Title: Re: Race from 250 to 500k!
Post by: sisto on June 02, 2016, 03:02:21 PM
Keep it going BBub!

Congrats Mickey and Sisto for completing the challenge!

JGS
THANKS!
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on June 02, 2016, 03:13:55 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

Really hope our old condo gets rented soon! That and dental bills really added up this month. Some will be reimbursed, yay! Also wife and I are settling into life in our first home together. We've allowed ourselves a few "getting started" purchases for keeping the landscaping beautiful. One-time costs that shouldn't repeat for a long, long time. And elevated groceries for a house-warming party we threw. But... still headed in the right direction.
Title: Re: Race from 250 to 500k!
Post by: YellowCat on June 03, 2016, 04:49:02 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...
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on June 03, 2016, 07:58:41 AM
3/1/16
NW $414K
Liquid $322K

6/1/16
NW $457K
Liquid $350K

Congrats Mickey and Sisto!
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on June 03, 2016, 08:49:40 AM
Yow gj fellas
Title: Re: Race from 250 to 500k!
Post by: sisto on June 03, 2016, 02:19:49 PM
3/1/16
NW $414K
Liquid $322K

6/1/16
NW $457K
Liquid $350K

Congrats Mickey and Sisto!
Thanks Cheddar
Title: Re: Race from 250 to 500k!
Post by: jorjor on June 03, 2016, 03:21:56 PM
Nov 15: $250k
Dec 15: $272k
Jan 16: $276k
Feb 16: $299k
Mar 16: $324k
Apr 16: $342k
May 16: $361k

About $9k was due to home price appreciation, so take it for what it's worth (still including for consistency, and the updated price is closer to in line with what I see houses going for in our neighborhood now). The rest was from investment gains, and a bit of an extra windfall this month with to work stuff. Cash + investments now up to $203k this month from $195k last month (over $200k for the first time since before the down payment on our house last summer!).
Title: Re: Race from 250 to 500k!
Post by: BiscuitsForBreakfast on June 06, 2016, 03:30:55 PM
I discovered MMM a couple weeks ago,  and ever since have been reading posts, the forum, and puttering around with paper and pen, trying to figure out what I'm doing and how to get where I want to go. (So much to learn! So many questions!) But I figure I should set some goals and track some numbers while I do more figuring out.

So:
May 2016: $267, 040

This does not include my house, which is not yet paid off. I expect it will take me several years to get to $500k but at least I'm heading in the right direction.
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on June 06, 2016, 07:25:38 PM
Biscuits, welcome to the party!
Title: Re: Race from 250 to 500k!
Post by: BBub on June 07, 2016, 07:03:18 AM
Ditto!  Welcome & good luck on your journey!
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on June 07, 2016, 07:16:57 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 (including some trades that will go through at close of business, I think)
April 2016: 345K (so. slow.  investing/paying off between 8 and 10K a month and I'm not sure where it's going!  I think my home's zillow value was skewing my total)
May 2016: 352K Finally, a bit of progress! (includes 5/31 trades that just went in today, and a small increase in home value.

Quote
My husband and I just found out we're expecting so I sort of want to have a mini "by the time you go on maternity leave" goal for ~8 months from now.  I'd say 375K, but I somehow don't think that's in the cards  given recent performance (unless I get my annual bonus by then).

I now think my hope from the end of April (above) may actually come through, as it looks like I'll be getting a raise that will give me an extra ~7K post-tax in the back half of the year.  Of course I am bleeding money on prenatal appointments and one size larger clothing, but this should help.

Including my equity has made my path sort of hard to predict, as it's bounced between 585 and 625 over the past year.  I'm also in the 100-250K race without my home equity, but since my real estate is a Manhattan condo that's very easily rented out, I feel like this inclusive measure is a more meaningful reflection of net worth for me.

I also had to file taxes late this year, and hired an accountant.  I have zero idea what my tax liability will be, and will find out this month.  First year married, and got a ~40K raise over 2014, and had huge expenses on my condo (no idea if deductible or capitalized or what).
Title: Re: Race from 250 to 500k!
Post by: FrugalFan on June 07, 2016, 06:05:40 PM
Officially joining this thread! We reached $251,521 this month in our personal investments. This does not include cash, property equity, college savings, or our pensions. At our current savings rate, it would probably take us 3-4 years to reach 500k depending on market fluctuations, but we may change some things on the job front before then. If not, then April 2019 would be good stretch goal.

April 2016  $251,521

April 2016 $251,521
May 2016 $266,151

Not bad for our first month! Buoyed by a tax refund and market gains.   
Title: Re: Race from 250 to 500k!
Post by: BiscuitsForBreakfast on June 07, 2016, 07:02:42 PM
Thanks Cheddar and Bbub!
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on June 08, 2016, 05:13:28 AM
Update for June:

Invested (& Investable)
April 9, 2016:  $319,737
May 6, 2016: $325,093
June 8, 2016 $332,224


Net Worth (Including Home Equity)
April 9, 2016:  $619,505
May 6, 2016: $629,924
June 8, 2016: $645,682
Title: Re: Race from 250 to 500k!
Post by: boarder42 on June 08, 2016, 06:14:00 AM
I'm so close i can taste it !! if i include home equity.  hoping to hit 500k at the end of the week if stocks cooperate and when my company's final share distributions hit with dividends for this year.  (our accounts get locked and dont appear or i could have seen 500k on PC already)

still sitting around 360k not counting home.  should hit 500k around this time next year invested.
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on June 08, 2016, 06:17:48 AM
I'm so close i can taste it !! if i include home equity.  hoping to hit 500k at the end of the week if stocks cooperate and when my company's final share distributions hit with dividends for this year.  (our accounts get locked and dont appear or i could have seen 500k on PC already)

still sitting around 360k not counting home.  should hit 500k around this time next year invested.
Nice, keep plugging away!
Title: Re: Race from 250 to 500k!
Post by: justajane on June 08, 2016, 06:45:27 AM
Okay, late to the party, but we're in.

Right now our NW is 325K. Another 100K in home equity not counted.

My goal would be to hit 400K in the next two years.

Fingers crossed!
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on June 15, 2016, 12:57:40 PM
I'll join.

Not entirely sure how long it took to get to this point. My NW chart in MINT is all screwed up because I removed some old loan accounts (cars, student, mortgage etc) so it basically shows that I didn't move in NW for 2-3 years, when in reality I was paying down debt.... so the first 250 took 2 to 4 years....

Anyway... I'll throw my name in the ring. We save anywhere from 5k to 10k a month, so it could take anywhere from 2 to 4 years for this one as well, judging from my past 2 years, it will land right at about 3, assuming the market doesn't grow or shrink a single percentile in that time (unlikely)

2015 DEC: 252k

Coming back to update....

2015 DEC: 252k (Actual)
2016 JAN: 260k approx
2016 FEB: 281k approx
2016 MAR: 285k approx
2016 APR: 298k approx
2016 MAY: 305k (Actual)

+53k in around 5 months... hoping to save 100k this year but it will be hard. We had a few mega car bills and some home repairs coming.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on June 24, 2016, 06:09:49 AM
just hit 500k NW ...

Invested we have 362k... should hit 500k here by around this time next year depending on how some money making schemes work out.

first bump thats above 500 on the chart was artificial due to CC churning.  right now we're actually a little bit higher than 500k due to the same thing CC churning.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on June 27, 2016, 12:58:22 PM
just hit 500k NW ...

Invested we have 362k... should hit 500k here by around this time next year depending on how some money making schemes work out.

first bump thats above 500 on the chart was artificial due to CC churning.  right now we're actually a little bit higher than 500k due to the same thing CC churning.

We churn credit cards too and more or less, "fly around the world for free twice a year" but I don't count any of that as net-worth, even though if I were to pay cash for those it would cost god-knows (10k+ in some cases per trip). <- I wouldn't pay for the trips, if I had to but it's a pretty low-hanging fruit at the moment.

What are you counting and how?

Title: Re: Race from 250 to 500k!
Post by: boarder42 on June 27, 2016, 01:22:08 PM
just hit 500k NW ...

Invested we have 362k... should hit 500k here by around this time next year depending on how some money making schemes work out.

first bump thats above 500 on the chart was artificial due to CC churning.  right now we're actually a little bit higher than 500k due to the same thing CC churning.

We churn credit cards too and more or less, "fly around the world for free twice a year" but I don't count any of that as net-worth, even though if I were to pay cash for those it would cost god-knows (10k+ in some cases per trip). <- I wouldn't pay for the trips, if I had to but it's a pretty low-hanging fruit at the moment.

What are you counting and how?

on a day to day basis on Personal Captial where that chart comes from i may be at any point in Manufactured spending so my total NW could be off by 10k either way.  ie

1. i have just bought a ton of gift cards but they havent worked there way back to my bank account but show on my credit card already - 10k less than what i really have
2. if i'd just bought a bunch on a CC not linked to my PC account and they are in my bank account already. - 10k more than i really have.

i'm not using them in the calculation for actual networth.  they just have an affect on that number in that way. 
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on June 27, 2016, 01:26:25 PM
just hit 500k NW ...

Invested we have 362k... should hit 500k here by around this time next year depending on how some money making schemes work out.

first bump thats above 500 on the chart was artificial due to CC churning.  right now we're actually a little bit higher than 500k due to the same thing CC churning.

We churn credit cards too and more or less, "fly around the world for free twice a year" but I don't count any of that as net-worth, even though if I were to pay cash for those it would cost god-knows (10k+ in some cases per trip). <- I wouldn't pay for the trips, if I had to but it's a pretty low-hanging fruit at the moment.

What are you counting and how?

on a day to day basis on Personal Captial where that chart comes from i may be at any point in Manufactured spending so my total NW could be off by 10k either way.  ie

1. i have just bought a ton of gift cards but they havent worked there way back to my bank account but show on my credit card already - 10k less than what i really have
2. if i'd just bought a bunch on a CC not linked to my PC account and they are in my bank account already. - 10k more than i really have.

i'm not using them in the calculation for actual networth.  they just have an affect on that number in that way.

Ah, I see, we do not do any manufactured spending. Which is where I probably got confused. We spend the money the old fashioned way.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on June 27, 2016, 01:32:04 PM
just hit 500k NW ...

Invested we have 362k... should hit 500k here by around this time next year depending on how some money making schemes work out.

first bump thats above 500 on the chart was artificial due to CC churning.  right now we're actually a little bit higher than 500k due to the same thing CC churning.

We churn credit cards too and more or less, "fly around the world for free twice a year" but I don't count any of that as net-worth, even though if I were to pay cash for those it would cost god-knows (10k+ in some cases per trip). <- I wouldn't pay for the trips, if I had to but it's a pretty low-hanging fruit at the moment.

What are you counting and how?

on a day to day basis on Personal Captial where that chart comes from i may be at any point in Manufactured spending so my total NW could be off by 10k either way.  ie

1. i have just bought a ton of gift cards but they havent worked there way back to my bank account but show on my credit card already - 10k less than what i really have
2. if i'd just bought a bunch on a CC not linked to my PC account and they are in my bank account already. - 10k more than i really have.

i'm not using them in the calculation for actual networth.  they just have an affect on that number in that way.

Ah, I see, we do not do any manufactured spending. Which is where I probably got confused. We spend the money the old fashioned way.

there are a couple cards that equate to 2k per person each in basically free cash in just regular MS without the signup bonus so we run about 50k a year on each of them.
Title: Re: Race from 250 to 500k!
Post by: garth on June 30, 2016, 04:55:51 AM
Gross income was the highest it's ever been this month, which was nice. Despite that, we only just crossed $300k NW and $250k investments with this morning's paycheck. Next month will be another good income month but with about $10k in home repairs looming, I'm not expecting a big NW jump.

Oct 15: $247k
Nov 15: $255k
Dec 15: $256k
Jan 16: $241k
Feb 16: $255k
Mar 16: $277k
Apr 16: $290k
May 16: $294k
Jun 16: $305k

Edit: Forgot to mention two things. 1) First time hitting 70% savings rate for a month!, and 2) fuck mint.com.
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on June 30, 2016, 05:00:22 AM
Hi guys! First post here :)

With yesterdays dead cat bounce and todays paycheck, my SO and I hit a combined $252,000 in investments!

We might be back in the $100k -> $250k Race thread depending on the markets, or we might be going back and forth quite a bit until more contributions bring us here permanently.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on June 30, 2016, 06:10:07 AM
Hi guys! First post here :)

With yesterdays dead cat bounce and todays paycheck, my SO and I hit a combined $252,000 in investments!

We might be back in the $100k -> $250k Race thread depending on the markets, or we might be going back and forth quite a bit until more contributions bring us here permanently.

you passed it just stay here.  it was about this time last year we hit 250k invested. we expect to hit 400k+ by the end of this year and depending on how my new money making scheme works hopefully 500k by this time next year.
Title: Re: Race from 250 to 500k!
Post by: Libertea on June 30, 2016, 07:30:21 AM
Updated old amounts because I screwed up my spreadsheet earlier.

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

I was projecting reaching $500k in March 2017, but now I think maybe I'll get there by the end of this year. 
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on June 30, 2016, 08:18:27 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 (including some trades that will go through at close of business, I think)
April 2016: 345K (so. slow.  investing/paying off between 8 and 10K a month and I'm not sure where it's going!  I think my home's zillow value was skewing my total)
May 2016: 352K Finally, a bit of progress! (includes 5/31 trades that just went in today, and a small increase in home value.)

June 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been.  I also maxed my 401(k) and have now moved in to exclusively taxable investing.  Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on June 30, 2016, 08:26:10 AM

June 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been.  I also maxed my 401(k) and have now moved in to exclusively taxable investing.  Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).
Why not just put all your free cash toward the HELOC? I'm assuming you can pull it back out any time you want.
Assuming that is the case, you're just paying extra interest for... not sure what reason.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on June 30, 2016, 09:02:30 AM

June 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been.  I also maxed my 401(k) and have now moved in to exclusively taxable investing.  Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).
Why not just put all your free cash toward the HELOC? I'm assuming you can pull it back out any time you want.
Assuming that is the case, you're just paying extra interest for... not sure what reason.

Yeah, fair question.  I guess I'm afraid that if I start accessing my HELOC in non-emergency situations (I think you remember my roof assessment nightmare), I'll start viewing it as a credit card or something.  It's also not easy to use to buy, say, clothing offline.  But the point is taken, I could pay it down and pull a chunk out for suit or baby shopping in a few months.

I've been paying it off at 1K a month at 3.something%, so I haven't worried too much.  But 3% (2% given my tax bracket and deductions) is a chunk of change on 36K, and the rate floats, so I should maybe reprioritize.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on June 30, 2016, 09:13:20 AM
you remember my roof assessment nightmare), I'll start viewing it as a credit card or something.  It's also not easy to use to buy, say, clothing offline.  But the point is taken, I could pay it down and pull a chunk out for suit or baby shopping in a few months.

I've been paying it off at 1K a month at 3.something%, so I haven't worried too much.  But 3% (2% given my tax bracket and deductions) is a chunk of change on 36K, and the rate floats, so I should maybe reprioritize.
The discipline thing is relevant. This is like the snowball approach - it's not the best, mathematically, but it can still yield better results because it's psychologically superior for some, as its quicker results can reinforce their dedication to the plan via positive feedback.

MMM principles are largely based on math, logic and science. But even science can recognize that human beings are not perfectly logical and our behavior is affected by many different variables. It's all about finding what works best for you.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on June 30, 2016, 12:18:42 PM

June 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been.  I also maxed my 401(k) and have now moved in to exclusively taxable investing.  Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).
Why not just put all your free cash toward the HELOC? I'm assuming you can pull it back out any time you want.
Assuming that is the case, you're just paying extra interest for... not sure what reason.

Yeah, fair question.  I guess I'm afraid that if I start accessing my HELOC in non-emergency situations (I think you remember my roof assessment nightmare), I'll start viewing it as a credit card or something.  It's also not easy to use to buy, say, clothing offline.  But the point is taken, I could pay it down and pull a chunk out for suit or baby shopping in a few months.

I've been paying it off at 1K a month at 3.something%, so I haven't worried too much.  But 3% (2% given my tax bracket and deductions) is a chunk of change on 36K, and the rate floats, so I should maybe reprioritize.

i'd keep it no reason not to.
Title: Re: Race from 250 to 500k!
Post by: RWD on June 30, 2016, 01:55:16 PM
12/1/2015 - 248k
1/1/2016 - 253k
2/1/2016 - 252k
3/1/2016 - 265k
4/1/2016 - 290k
5/1/2016 - 296k
6/1/2016 - 301k
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on July 01, 2016, 07:11:15 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

Quarterly investment numbers logged. Just under $1000 in dividends. Just over $2000 in increased market value.
Title: Re: Race from 250 to 500k!
Post by: BBub on July 01, 2016, 08:12:15 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
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on July 01, 2016, 08:18:57 AM
you remember my roof assessment nightmare), I'll start viewing it as a credit card or something.  It's also not easy to use to buy, say, clothing offline.  But the point is taken, I could pay it down and pull a chunk out for suit or baby shopping in a few months.

I've been paying it off at 1K a month at 3.something%, so I haven't worried too much.  But 3% (2% given my tax bracket and deductions) is a chunk of change on 36K, and the rate floats, so I should maybe reprioritize.
The discipline thing is relevant. This is like the snowball approach - it's not the best, mathematically, but it can still yield better results because it's psychologically superior for some, as its quicker results can reinforce their dedication to the plan via positive feedback.

MMM principles are largely based on math, logic and science. But even science can recognize that human beings are not perfectly logical and our behavior is affected by many different variables. It's all about finding what works best for you.

We are definitely irrational animals much more often than we'd like to think.  Even if I were behaving perfectly rationally, I'd need infinite time and knowledge to make perfect decisions.

I do need to check out terms of my HELOC. Now that i think rates won't go up much in the near future, I may err on the side of investing for a few more months.  2% guaranteed return isn't much.
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on July 01, 2016, 10:54:36 AM
Quarterly Update (post Brexit fun times): 7/1/16

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)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)

JGS
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on July 01, 2016, 11:34:45 AM
3/1/16
NW $414K
Liquid $322K

6/1/16
NW $457K
Liquid $350K

7/1/16
NW $466K
Liquid $356K

I'm likely to be flat for a couple months due to house renovations. Very little will be going into savings.
Title: Re: Race from 250 to 500k!
Post by: BBub on July 01, 2016, 01:34:02 PM
Quarterly Update (post Brexit fun times): 7/1/16

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)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)

JGS

Comin' in hot!  Nice work breaking $300.
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on July 01, 2016, 05:39:53 PM
jan - $415k stash // $590k NW
feb - $428k stash // $598k NW
mar - $445k stash // $620k NW
apr - $490k stash // $675k NW
may - $503k stash // $687k NW
jun - $521k stash // $703k NW

Alrighty, I think that'll do it for me in this race.  I'm glad I hung around one extra month (especially with the Brexit nonsense) but it looks like I'm good to go on to the next one!  $1MM here I come!! :)
Title: Re: Race from 250 to 500k!
Post by: OurTown on July 02, 2016, 06:18:09 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
Title: Re: Race from 250 to 500k!
Post by: FrugalFan on July 07, 2016, 07:04:14 AM

Officially joining this thread! We reached $251,521 this month in our personal investments. This does not include cash, property equity, college savings, or our pensions. At our current savings rate, it would probably take us 3-4 years to reach 500k depending on market fluctuations, but we may change some things on the job front before then. If not, then April 2019 would be good stretch goal.

April 2016  $251,521

April 2016 $251,521
May 2016 $263,275
June 2016 $266,151

Hmm. It seems I was off on the May numbers so I have adjusted that, but by some strange coincidence, the June numbers are the same as the original (incorrect) May numbers. I've double checked everything in Mint. So weird.
Title: Re: Race from 250 to 500k!
Post by: doggyfizzle on July 07, 2016, 09:48:56 AM
483K today (813k if you include home equity).  My rise in liquid NW this year has been driven by MO, PM, and our retirement accounts, but especially MO appreciating more than 40% in the last year.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on July 07, 2016, 12:10:52 PM

Officially joining this thread! We reached $251,521 this month in our personal investments. This does not include cash, property equity, college savings, or our pensions. At our current savings rate, it would probably take us 3-4 years to reach 500k depending on market fluctuations, but we may change some things on the job front before then. If not, then April 2019 would be good stretch goal.

April 2016  $251,521

April 2016 $251,521
May 2016 $263,275
June 2016 $266,151

Hmm. It seems I was off on the May numbers so I have adjusted that, but by some strange coincidence, the June numbers are the same as the original (incorrect) May numbers. I've double checked everything in Mint. So weird.

Mint and Personal Capital are great for current pictures of wealth but historically they suffer a bit.

I keep track of my bills in an excel sheet and record NW when I do that in my sheet. The numbers in my sheet from say... 6+mo ago vs mint are off by quite a bit.

Also, god-forbid if you ever delete an account from mint and re-add it....
Title: Re: Race from 250 to 500k!
Post by: YellowCat on July 10, 2016, 11:42:15 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...
July 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.

Title: Re: Race from 250 to 500k!
Post by: onlykelsey on July 11, 2016, 02:59:26 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...
July 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.

You're not going to hit 400K at 26?!  For shame!!!!!!!!!!
Title: Re: Race from 250 to 500k!
Post by: PFHC on July 11, 2016, 06:16:14 AM
Just letting you all know I'm watching you! I'm in the 100k - 250k race and am at $236k right now. We hope to break into the mid 240k realm by end of month.

So, see you soon!
Title: Re: Race from 250 to 500k!
Post by: FrugalFan on July 11, 2016, 06:16:53 AM

Officially joining this thread! We reached $251,521 this month in our personal investments. This does not include cash, property equity, college savings, or our pensions. At our current savings rate, it would probably take us 3-4 years to reach 500k depending on market fluctuations, but we may change some things on the job front before then. If not, then April 2019 would be good stretch goal.

April 2016  $251,521

April 2016 $251,521
May 2016 $263,275
June 2016 $266,151

Hmm. It seems I was off on the May numbers so I have adjusted that, but by some strange coincidence, the June numbers are the same as the original (incorrect) May numbers. I've double checked everything in Mint. So weird.

Mint and Personal Capital are great for current pictures of wealth but historically they suffer a bit.

I keep track of my bills in an excel sheet and record NW when I do that in my sheet. The numbers in my sheet from say... 6+mo ago vs mint are off by quite a bit.

Also, god-forbid if you ever delete an account from mint and re-add it....

I do have an Excel spreadsheet as well but I'm not consistent enough in when I update it. Usually a couple of times a month but not always on the same day. The Excel data match up with the Mint data on this one so I'm not sure what went wrong before.
Title: Re: Race from 250 to 500k!
Post by: YellowCat on July 12, 2016, 01:26:43 PM
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...
July 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.

You're not going to hit 400K at 26?!  For shame!!!!!!!!!!

Yeah...I guess that makes me sound like a tool, doesn't it? :) still, though, lofty goals...
Title: Re: Race from 250 to 500k!
Post by: boarder42 on July 12, 2016, 01:58:38 PM
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...
July 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.

its a great goal we just hit 500k NW in june my 30th is in november my wife will be 29 in 13 days.  i'm hoping we hit 500k invested only by this time or so next year. currently around 368k after today's market run up
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on July 13, 2016, 11:13:18 AM
Coming back to update...

2015 DEC: 252k (Actual)
2016 JAN: 260k approx
2016 FEB: 281k approx
2016 MAR: 285k approx
2016 APR: 298k approx
2016 MAY: 305k (Actual)

2016 JUNE: 307k (Still down from Brexit at that time (end of june) but has come up a pile since then(over 7k!)... but end of July numbers will have to reflect that!)
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on July 15, 2016, 04:38:12 PM
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 (including some trades that will go through at close of business, I think)
April 2016: 345K (so. slow.  investing/paying off between 8 and 10K a month and I'm not sure where it's going!  I think my home's zillow value was skewing my total)
May 2016: 352K
June 2016: 389K Woohoo!
July 2016: 415K  This is just so far in July, which is exciting.

Am I missing anything huge in this projection below:

I'm currently worth 415K.  Assuming zero market gains (or losses) or increase (or decrease) in home equity, each month I expect to invest/pay off debt like this:
= 6600 monthly.  There are 5.5 months left, so I'll invest ~36,300 this year

and (this is pretty obscene) in December I expect a huge bonus.  not sure what my marginal rate will be when it hits, but I should probably expect 45K post-tax.  I'll invest/pay off debt with all of it, so that's 81,300 in NW jump by the end of 2016, which puts me at 496,300.

It looks like I might aim to be done with this thread by year's end! I feel like I must be missing something...
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on July 15, 2016, 06:02:29 PM
Invested (& Investable)
April 9, 2016:  $319,737
May 6, 2016: $325,093
June 8, 2016: $332,224
July 11, 2016:$337,287


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 ?)
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on July 15, 2016, 06:59:01 PM
I'm not so sure I like Zillow Estimate very much. My approach is to give a fairly conservative estimate of the value of my house (if I had to sell it within a month, say) based on similar sales in my neighborhood, and then take away 6% for the realtor. That's my asset value. I feel like everything else is just wishful thinking.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on July 16, 2016, 09:40:07 AM
Yeah zestimate is awful. I would set a fixed price you think it is worth based on your own evaluation of neighborhood comps then increase it at inflation each year.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on July 16, 2016, 06:57:35 PM
I'm not so sure I like Zillow Estimate very much. My approach is to give a fairly conservative estimate of the value of my house (if I had to sell it within a month, say) based on similar sales in my neighborhood, and then take away 6% for the realtor. That's my asset value. I feel like everything else is just wishful thinking.

The minus 6% for a realtor is genius.  I think I may figure out how to institute that on mint.  probably manually...
Title: Re: Race from 250 to 500k!
Post by: boarder42 on July 16, 2016, 08:09:30 PM
I'm not so sure I like Zillow Estimate very much. My approach is to give a fairly conservative estimate of the value of my house (if I had to sell it within a month, say) based on similar sales in my neighborhood, and then take away 6% for the realtor. That's my asset value. I feel like everything else is just wishful thinking.

The minus 6% for a realtor is genius.  I think I may figure out how to institute that on mint.  probably manually...

I'd do 1k + 3%. You should be able to find low cost full service agents now. The racket is dying
Title: Re: Race from 250 to 500k!
Post by: jorjor on July 19, 2016, 02:05:33 PM
I'm not so sure I like Zillow Estimate very much. My approach is to give a fairly conservative estimate of the value of my house (if I had to sell it within a month, say) based on similar sales in my neighborhood, and then take away 6% for the realtor. That's my asset value. I feel like everything else is just wishful thinking.

I was using Zestimate too because I felt it was realistic for what I could expect in my neighborhood, looking at other houses. Then it got a little unrealistically high, then it dropped to well below what we paid for it a year ago even though if you look around that shouldn't be the case. Then it bounced around for a week and then about a month ago I said "eff it, I'm going to track based on purchase price plus inflation." So, that's what I do now.
Title: Re: Race from 250 to 500k!
Post by: jorjor on July 19, 2016, 02:13:39 PM
On that note, now tracking the home at purchase price + inflation so numbers are different than before. I think the home price I'm using is a bit conservative, but I've decided I like this way better.

Nov 15: $236k
Dec 15: $257k
Jan 16: $259k
Feb 16: $275k
Mar 16: $295k
Apr 16: $305k
May 16: $315k
Jun 16: $320k
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on July 20, 2016, 11:24:08 AM
I'm not so sure I like Zillow Estimate very much. My approach is to give a fairly conservative estimate of the value of my house (if I had to sell it within a month, say) based on similar sales in my neighborhood, and then take away 6% for the realtor. That's my asset value. I feel like everything else is just wishful thinking.

I was using Zestimate too because I felt it was realistic for what I could expect in my neighborhood, looking at other houses. Then it got a little unrealistically high, then it dropped to well below what we paid for it a year ago even though if you look around that shouldn't be the case. Then it bounced around for a week and then about a month ago I said "eff it, I'm going to track based on purchase price plus inflation." So, that's what I do now.

I do this too, but the area I am in has jumped up a bit. My little townhome is on my balance sheets @ 130 but could sell for 150.

I am going to do some repairs and move the value by the cost of these repairs. It needs a new deck, so a 5k cost would move my value from 130 to 135.

I just don't want my house to mess with my tracking that much.
Title: Re: Race from 250 to 500k!
Post by: TheFirstMan on July 21, 2016, 02:37:59 PM
I feel like I've found my people!

I'm in the Investable Assets crowd, at 249K as we start 2016.

I will play the tortoise here (or perhaps Eeyore) with a goal of about 4 years from now, in 2020.

Over on the long-term net worth goals thread, I just posted about some of my variables, include pessimistic estimates about spending and income, inflation, and a possible home addition. That's why I'm giving a longer time horizon. If the market is reasonable, and our spending and income are more in my optimistic zone, and we don't do a home addition, the time frame shortens to about 2 years, in 2018.

And that, friends, is motivational. Thanks!

One final thing--some helpful info could be added in here, as we go on this journey together--context like I've shared here, as well as incomes, as those of us who are making 40K shouldn't compare with those making 120K!

I'm married and our combined income in 2015 was 80K. In 2016, it should be close to 120K gross.

Edit 2/18/16: 395K when you add in home equity.

UPDATE MID-2016

Alright, making progress!

Pulled 65K of home equity and still planning on the addition. Currently...

- Cash: 152K (This is high because of the possibility of an addition.)
- Investments: 217K
    - "Investible Assets" (Cash+Investments) 369K (This is up 120K, but 65K was from home equity, so actual increase here in 6 mos is 55K.)

- Home equity 52K
- Total net worth, including equity: 421K (This is up 26K in 5 months.)

- Mortgage: 203K

-Total net worth minus mortgage: 218K

This feels like really great progress, considering VTSAX (as a proxy for the economy) is only up 3.65% YTD.
Title: Re: Race from 250 to 500k!
Post by: OurTown on July 30, 2016, 06:15:45 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
Title: Re: Race from 250 to 500k!
Post by: ender on July 30, 2016, 07:59:48 AM
I'm not so sure I like Zillow Estimate very much. My approach is to give a fairly conservative estimate of the value of my house (if I had to sell it within a month, say) based on similar sales in my neighborhood, and then take away 6% for the realtor. That's my asset value. I feel like everything else is just wishful thinking.

I was using Zestimate too because I felt it was realistic for what I could expect in my neighborhood, looking at other houses. Then it got a little unrealistically high, then it dropped to well below what we paid for it a year ago even though if you look around that shouldn't be the case. Then it bounced around for a week and then about a month ago I said "eff it, I'm going to track based on purchase price plus inflation." So, that's what I do now.

Ours has been wonky too, so it's in as "Appraisal - 6%" -- which dropped us a fair bit around this threshold. But we're on board with this thread now!

Thinking we'll fluctuate around the entrypoint as the market goes up/down though. Might take a while before I am confident we are "past" this threshold :)
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on July 30, 2016, 08:36:24 PM
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 (including some trades that will go through at close of business, I think)
April 2016: 345K (so. slow.  investing/paying off between 8 and 10K a month and I'm not sure where it's going!  I think my home's zillow value was skewing my total)
May 2016: 352K Finally, a bit of progress! (includes 5/31 trades that just went in today, and a small increase in home value.)
June 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been.  I also maxed my 401(k) and have now moved in to exclusively taxable investing.  Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).
July 2016: 442,402K Holy crap.  This is mostly a jump in my house value, but I also got my tax refund and started at a slightly higher rate. Paying off principal of 3K a month, investing 4.5K and then saving a bit more each month now, so things should really move along.  Unfortunately I'm sure my house value will bounce back down at some point.
[/quote]
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on July 30, 2016, 11:36:45 PM
Graduated from the 100-250 thread. I wanted to make sure the markets would let me say above, which it did, so joining if you don't mind. Hoping to be at $500,000 in 08/2018.

July 2016 - $257,306
Title: Re: Race from 250 to 500k!
Post by: garth on July 31, 2016, 07:55:05 AM
Good progress this month. Despite a nearly 2% drop in home value according to Zillow (wtf?), we're approaching a $100k gain over a 12 month period. I don't think $400k this year is possible, but that's the next goal.

Oct 15: $247k
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
Title: Re: Race from 250 to 500k!
Post by: jorjor on July 31, 2016, 09:54:59 AM
Nov 15: $236k
Dec 15: $257k
Jan 16: $259k
Feb 16: $275k
Mar 16: $295k
Apr 16: $305k
May 16: $315k
Jun 16: $320k
Jul 16: $335k

Invested assets went over $200k for the first time, up from $129k in December (HELOC payoff in Dec-Jan being the other main source of net worth increase).
Title: Re: Race from 250 to 500k!
Post by: BBub on August 01, 2016, 07:45:21 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
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on August 01, 2016, 08:17:16 AM
Hi guys! First post here :)
 my SO and I hit a combined $252,000 in investments!

We might be back in the $100k -> $250k Race thread depending on the markets, or we might be going back and forth quite a bit until more contributions bring us here permanently.

Well, things escalated quickly! We are now sitting as of 8/1/2016 - $265k onward and upward!
Title: Re: Race from 250 to 500k!
Post by: boarder42 on August 01, 2016, 08:52:27 AM
invested NW as of 8/1 - 375k.  400k by EOY hopefully 500k around this time next year.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on August 01, 2016, 12:38:37 PM
Coming back to update...

2015 DEC: 252k
2016 JAN: 260k
2016 FEB: 281k
2016 MAR: 285k
2016 APR: 298k
2016 MAY: 305k
2016 JUNE: 307k

2016 JULY: 320k (+13k) between our taxable contributions and markets going up, it was a good month!


+$68,000 this year so far. Not too shabby, will probably end up just under 100k in any given year of savings.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on August 01, 2016, 12:41:38 PM
you remember my roof assessment nightmare), I'll start viewing it as a credit card or something.  It's also not easy to use to buy, say, clothing offline.  But the point is taken, I could pay it down and pull a chunk out for suit or baby shopping in a few months.

I've been paying it off at 1K a month at 3.something%, so I haven't worried too much.  But 3% (2% given my tax bracket and deductions) is a chunk of change on 36K, and the rate floats, so I should maybe reprioritize.
The discipline thing is relevant. This is like the snowball approach - it's not the best, mathematically, but it can still yield better results because it's psychologically superior for some, as its quicker results can reinforce their dedication to the plan via positive feedback.

MMM principles are largely based on math, logic and science. But even science can recognize that human beings are not perfectly logical and our behavior is affected by many different variables. It's all about finding what works best for you.

We are definitely irrational animals much more often than we'd like to think.  Even if I were behaving perfectly rationally, I'd need infinite time and knowledge to make perfect decisions.

I do need to check out terms of my HELOC. Now that i think rates won't go up much in the near future, I may err on the side of investing for a few more months.  2% guaranteed return isn't much.

Hardy har har, 5 days after posting this my HELOC rate jumped to 5.49.  Which was totally permissible on its terms (which I hadn't read in a while and which somehow are not available online).
Title: Re: Race from 250 to 500k!
Post by: YellowCat on August 01, 2016, 05:24:04 PM
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.
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on August 01, 2016, 08:28:20 PM
3/1/16
NW $414K
Liquid $322K

6/1/16
NW $457K
Liquid $350K

7/1/16
NW $466K
Liquid $356K

I'm likely to be flat for a couple months due to house renovations. Very little will be going into savings.

8/1/16
NW $477K
Liquid $371K
Title: Re: Race from 250 to 500k!
Post by: BookWorm22 on August 01, 2016, 08:53:35 PM
I have taken a bit of a forum break and have neglected to post my totals for the last few months.

12/31/15 - 243,200
3/31/16 - 265,500
4/30/16 - 269,857
5/31/16 - 275,830
6/30/16 - 280,100
7/31/16 - 287,783

Making slow but steady progress.  Some of the stash is cash at the moment since we are saving up for a down payment on a rental property.  Hopefully in a year we will be seeing more significant increases from that.
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on August 03, 2016, 06:59:44 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

Sold my daily driver and my sports car. Bought a truck. (Don't include cars in "net worth.") Otherwise, a shining good month. These sort of silly one-off expenditures aren't too frequent...
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on August 03, 2016, 10:14:01 AM
It's been a while since I checked in here, but a rough analysis today says approximately $310k total NW. SR is a bit off our peak but still pretty solid at 50-60%, and returns on the rental partnership are looking good with a growth phase in the near future that will bump up my side income.
Related: I'm still looking at mid-2017 for leaving govt work (see 2017 cohort thread) and DW will probably go freelance around that time. Life is good.
Congrats to all on your continued progress, and good luck! :D
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on August 03, 2016, 10:17:31 AM
Does anyone have a timing goal?

So much of my net worth (on this thread) is in my house, so I'm not sure how much control I have, but I'm hoping for 520K at year's end.  I will make a huge investment (40K?) in December, so I think I'll jump right over the 500K line.

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 (including some trades that will go through at close of business, I think)
April 2016: 345K (so. slow.  investing/paying off between 8 and 10K a month and I'm not sure where it's going!  I think my home's zillow value was skewing my total)
May 2016: 352K Finally, a bit of progress! (includes 5/31 trades that just went in today, and a small increase in home value.)
June 2016: 389K Woohoo! I am up 140K on last June. A chunk of this is my zestimate for my house going back to where it's generally been.  I also maxed my 401(k) and have now moved in to exclusively taxable investing.  Waiting on an ~8K tax refund, as well, which will go in to the baby/maternity suits fund, maybe I'll throw a couple K towards my HELOC (still 36K outstanding on 50K loan from last year).
July 2016: 442,402K Holy crap.  This is mostly a jump in my house value, but I also got my tax refund and started at a slightly higher rate. Paying off principal of 3K a month, investing 4.5K and then saving a bit more each month now, so things should really move along.  Unfortunately I'm sure my house value will bounce back down at some point.
Title: Re: Race from 250 to 500k!
Post by: ender on August 03, 2016, 11:06:26 AM
Does anyone have a timing goal?


Hoping for 5 years from now? We just started this particular race and we're a fair bit slower than some of you, who are posting 5 figure/month increases...
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on August 03, 2016, 11:13:06 AM
Does anyone have a timing goal?


Hoping for 5 years from now? We just started this particular race and we're a fair bit slower than some of you, who are posting 5 figure/month increases...

Families making $150-200 are probably investing around $5k a month. The market was pretty kind these last 2 months, so you'll see bigger jumps around these times. Wait for a 15% drop month :)
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on August 03, 2016, 12:15:11 PM
Does anyone have a timing goal?


Hoping for 5 years from now? We just started this particular race and we're a fair bit slower than some of you, who are posting 5 figure/month increases...

Families making $150-200 are probably investing around $5k a month. The market was pretty kind these last 2 months, so you'll see bigger jumps around these times. Wait for a 15% drop month :)

For me a huge portion of the jump is my house.  For consistency's sake I'm using zillow whether it's up or down (even when it does wacky things like pump the value 10% over the last two months).
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on August 03, 2016, 01:00:52 PM
Does anyone have a timing goal?


Hoping for 5 years from now? We just started this particular race and we're a fair bit slower than some of you, who are posting 5 figure/month increases...

Timing Goal - NW should reach $500K end of 2016, but I started this thread at $400 NW and $260 Liquid/Invested so that's my real "Race". Liquid should reach $500K in the fall of 2017 if everything stays on course.

Ender (or others) - Don't let yourself be discouraged by a faster pace from others. In my case, I have a spendypants family but a firehose wage, so anything short of the pace I'm on would be complete failure. My pace is really not very worthy in terms of savings rate or any other frugal benchmark. Just keep kicking ass in your own way and you'll be fine.
Title: Re: Race from 250 to 500k!
Post by: garth on August 03, 2016, 02:27:24 PM
Does anyone have a timing goal?


Hoping for 5 years from now? We just started this particular race and we're a fair bit slower than some of you, who are posting 5 figure/month increases...

Timing Goal - NW should reach $500K end of 2016, but I started this thread at $400 NW and $260 Liquid/Invested so that's my real "Race". Liquid should reach $500K in the fall of 2017 if everything stays on course.

Ender (or others) - Don't let yourself be discouraged by a faster pace from others. In my case, I have a spendypants family but a firehose wage, so anything short of the pace I'm on would be complete failure. My pace is really not very worthy in terms of savings rate or any other frugal benchmark. Just keep kicking ass in your own way and you'll be fine.

My household is similar: make a lot, spend a lot. So while we've seen some big gains in the last few months, with our 50% savings rate, FI is still 10+ years out. It seems like a pipe dream. I don't expect much sympathy, but I'm becoming a little discouraged.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on August 03, 2016, 02:55:11 PM
Does anyone have a timing goal?


Hoping for 5 years from now? We just started this particular race and we're a fair bit slower than some of you, who are posting 5 figure/month increases...

Timing Goal - NW should reach $500K end of 2016, but I started this thread at $400 NW and $260 Liquid/Invested so that's my real "Race". Liquid should reach $500K in the fall of 2017 if everything stays on course.

Ender (or others) - Don't let yourself be discouraged by a faster pace from others. In my case, I have a spendypants family but a firehose wage, so anything short of the pace I'm on would be complete failure. My pace is really not very worthy in terms of savings rate or any other frugal benchmark. Just keep kicking ass in your own way and you'll be fine.

My household is similar: make a lot, spend a lot. So while we've seen some big gains in the last few months, with our 50% savings rate, FI is still 10+ years out. It seems like a pipe dream. I don't expect much sympathy, but I'm becoming a little discouraged.

we are high earners with out kids yet currently saving 100k annually we hit our 500k NW goal but are sticking around to hit the 500k invested goal.  which being at 375k right now and investing 100k+ per year with very modest market gains we can expect to hit 500k by this time next year ... so since its all tied to market gains really at this point the goal is summer 2017.  we are equivalently high spenders.  in the 45k range pre mortgage.  so we're not that mustachian.
Title: Re: Race from 250 to 500k!
Post by: OurTown on August 03, 2016, 03:12:26 PM
Don't be discouraged.  I think I'm about 10 years away too.  If we look at things objectively (always a good idea) what are these numbers showing us?  Hopefully an upward trend.  How accurate is the trend line?  That depends on how we compute NW and how volatile our numbers are month to month.  There are really only two elements contributing to our upward trend line:  contributions and gains.  Variables that do not reflect our progress vis a vis contributions and gains are just noise.  For example, I include our account balances on whatever day I happen to do the spreadsheet.  Now, if it's right after a payday but before a scheduled payment posts, that could make that number look artificially large, and conversely if it's before a payday but after a scheduled payment, it could look artificially small.  If I was trying to game my own system, I could pick a day that makes it look like I boosted my bottom line.  Alternatively, if I wanted to be super duper precise, I would take an average daily balance.  Since I am too lazy to do any of those things, I just plug in whatever the number is on the day I do the spreadsheet and figure the bumps will wash out over time.

Including the home equity value in net worth (which I do) can also add extra volatility if you are looking up your FMV on Zillow every month.  For me, I want the numbers to reflect the progress I am making in paying off the remainder of my 15 year mortgage, but I don't want to obscure the trend line based on the vagaries of the Zestimate, which may just be unicorns and cotton candy for all I know.  The volatility of the zestimate is just noise. I just pick a FMV number that I think the home is worth based on my purchase price and the subsequent price trends for my suburb (which you can figure out from Zillow) and roll with it.  I don't adjust the FMV more than once a year.

If you smooth out these minor details, the trend line should reflect the contributions and the actual market gains & losses.   Some months the market losses will wipe out the contributions, but most months we are getting positive progress.  My spreadsheet is rigged to show a percentage increase of NW month to month.  This year, with the exception of January, I've been running a consistent 2-3 % increase each month.  In my mind, any time it goes up, that's a good month.   
Title: Re: Race from 250 to 500k!
Post by: Libertea on August 03, 2016, 03:46:29 PM
See, this is the thing that I don't like about these "gauntlet forum" threads: in the whole scheme of things, it isn't REALLY a race.  You don't win anything extra for reaching $500k before I do, or vice versa.  I am going to reach $500k in less than three years no matter what the market does because I am saving about $13k per month, and I'm not putting it all the market.  When I stop working this job and move to a (hopefully) more enjoyable semi-retirement job, I am not going to have such an astronomical savings rate, and it will take me at least twice as long to reach $1M than it did to reach $500k.  But you know what?  I'm ok with that.  I've decided I don't enjoy my personal rat race very much, to the point that I'm counting down the days (well, still weeks at this point) until I quit my job.  The tradeoff of my life energy for dollars is certainly reasonable in the short term to build up a decent stash and be off to a good start on the road to FI.  But it's sure not something I'm willing to do for the long term.  So I take that gauntlet and raise you one rose.  (Sounds like a spoof 80s hair band: gauntlets and roses....)
Title: Re: Race from 250 to 500k!
Post by: boarder42 on August 03, 2016, 04:40:39 PM
See, this is the thing that I don't like about these "gauntlet forum" threads: in the whole scheme of things, it isn't REALLY a race.  You don't win anything extra for reaching $500k before I do, or vice versa.  I am going to reach $500k in less than three years no matter what the market does because I am saving about $13k per month, and I'm not putting it all the market.  When I stop working this job and move to a (hopefully) more enjoyable semi-retirement job, I am not going to have such an astronomical savings rate, and it will take me at least twice as long to reach $1M than it did to reach $500k.  But you know what?  I'm ok with that.  I've decided I don't enjoy my personal rat race very much, to the point that I'm counting down the days (well, still weeks at this point) until I quit my job.  The tradeoff of my life energy for dollars is certainly reasonable in the short term to build up a decent stash and be off to a good start on the road to FI.  But it's sure not something I'm willing to do for the long term.  So I take that gauntlet and raise you one rose.  (Sounds like a spoof 80s hair band: gauntlets and roses....)

It's not a race against each other it's a race against yourself to push yourself. If you don't see value and the fun of it. There are plenty of other things to do on these forums.
Title: Re: Race from 250 to 500k!
Post by: BookWorm22 on August 03, 2016, 07:06:38 PM
As far as a timeline goes I am hoping for 3 years if we maintain status quo.  There are a couple of things that could speed this up significantly.  First, we are not yet maxing out the 403(b)/457 contributions.  Every month or two I increase the contributions so they will at some point be maxed.  We have also not maxed out the Roth IRAs yet (always contributed some, but never maxed). Come heck or high water we will find a way to max the Roths in 2016/early 2017.  Secondly, we plan to start investing in rental real estate.  As of now we are in the theoretical/saving up a down payment phase, but I can see real estate helping to accelerate the growth of the stash.

I can understand feeling discouraged about not having more saved.  Once you stop comparing yourself to an "average" person and start comparing numbers with super savers it can be frustrating.  I don't see this as a race against anyone else other myself/hubby to see how fast we can make something we really want turn into reality. We stupidly have paid extra on the mortgage for years and only saved the "recommended 15%".  So NWwise we look good at  ~$620K, but half of that amount is equity just sitting there looking cute not doing anything.  Also, our stash is all in retirement accounts with no taxable investments.  We only started tracking net worth this year, but I do have our yearly investment balances since we got married.  It took us 8 years to clear $100K and 5 more years to clear $250K.  Since I have been tracking every month and stepped up our contributions this year there is a noticeable increase.  We are also "only" saving around $40K a year (hoping to increase that).  So don't feel bad if you are not making the gains that others are.  Ched, Bbub, and a few others are deservedly in class by themselves. 

I wonder if there are some that are not comfortable posting numbers because they think their gains aren't good enough. The point of this thread isn't really to compare against each other, but to encourage and cheer everyone on.  Don't feel that you have to progress on someone else's timetable or that you will be judged for perceived smaller increases.  I love this thread because it shows at regular intervals how possible the dream of FIRE is.
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on August 03, 2016, 08:02:31 PM
See, this is the thing that I don't like about these "gauntlet forum" threads: in the whole scheme of things, it isn't REALLY a race.  You don't win anything extra for reaching $500k before I do, or vice versa. I am going to reach $500k in less than three years no matter what the market does because I am saving about $13k per month, and I'm not putting it all the market.  When I stop working this job and move to a (hopefully) more enjoyable semi-retirement job, I am not going to have such an astronomical savings rate, and it will take me at least twice as long to reach $1M than it did to reach $500k.  But you know what?  I'm ok with that.  I've decided I don't enjoy my personal rat race very much, to the point that I'm counting down the days (well, still weeks at this point) until I quit my job.  The tradeoff of my life energy for dollars is certainly reasonable in the short term to build up a decent stash and be off to a good start on the road to FI.  But it's sure not something I'm willing to do for the long term.  So I take that gauntlet and raise you one rose.  (Sounds like a spoof 80s hair band: gauntlets and roses....)

Well, you win $500k... :)
Title: Re: Race from 250 to 500k!
Post by: Libertea on August 04, 2016, 06:22:22 AM
It's not a race against each other it's a race against yourself to push yourself. If you don't see value and the fun of it. There are plenty of other things to do on these forums.
It's not that I don't see value or fun in it.  I just don't like people posting here about how bad they feel that they're not "winning" the race because other people are saving money so much faster.

Well, you win $500k... :)
Earning it.  Not winning it. ;-)
Title: Re: Race from 250 to 500k!
Post by: ender on August 04, 2016, 07:09:38 AM
It's not a race against each other it's a race against yourself to push yourself. If you don't see value and the fun of it. There are plenty of other things to do on these forums.
It's not that I don't see value or fun in it. I just don't like people posting here about how bad they feel that they're not "winning" the race because other people are saving money so much faster.



Is this actually happening?
Title: Re: Race from 250 to 500k!
Post by: Ezzo on August 04, 2016, 07:39:10 AM
I'm not going to win any speed races here, but

December 2014 - $315,000

March 2016 - $401,154
April 2016 -   $401,939
May 2016   -  $406,636
June 2016 -   $411,544
July 2016 -    $416,608

I've just started including my house equity in these figures, mainly because I passed a goal point in my investments and wanted to get a little head start on hitting the next one ;).  Currently trying to up my investing as a percentage of my income.  I'm awed in what I have managed over the last few months. 

Good going everyone, and keep meeting those targets
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on August 04, 2016, 10:06:49 AM
It's not a race against each other it's a race against yourself to push yourself. If you don't see value and the fun of it. There are plenty of other things to do on these forums.
It's not that I don't see value or fun in it. I just don't like people posting here about how bad they feel that they're not "winning" the race because other people are saving money so much faster.



Is this actually happening?

Good question. Maybe I, and others, read too much into your harmless comment about a slower pace.
Title: Re: Race from 250 to 500k!
Post by: clarkfan1979 on August 04, 2016, 10:57:57 AM
Almost there. Just hit 400K a couple days ago. We have been increasing our networth 100K/year the last couple of years but I expect a small slow down. I should be around 500K in 15-18 months. I'm also now in a pension plan at work and don't know how to count that.
Title: Re: Race from 250 to 500k!
Post by: OurTown on August 04, 2016, 01:07:42 PM
Quote
It's not a race against each other it's a race against yourself to push yourself. If you don't see value and the fun of it. There are plenty of other things to do on these forums.
That's how I look at it.  It's inspiring to see the other folks making progress too.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on August 04, 2016, 02:28:21 PM
in the 45k range pre mortgage.  so we're not that mustachian.
You profligate shitbirds, you. (we actually spend a little more than that, and in a LCOL area too... lulz)

Quote
does anyone have a timing goal?

Yeah, as soon as muhfuggin' possible >.<
But I'm going for next summer when I quasi-FIRE. Or sooner, depending on some things that I don't wanna count on. Basically, we should be around 500 at the time when we go from 40+ hours to "the hours we feel like".
Full FIRE is way down the road after that but we like the phased approach because we like our work, just not the fixed show-and-go times.
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on August 04, 2016, 03:22:36 PM
Timing Goal
July 31, 2016 $280K
October 31, 2018 $500K

So estimated average net worth increase of $8150 / month. (No property value increases logged or estimated. Just investment contributions/gains and debt reduction.)
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on August 04, 2016, 03:35:15 PM
Timing Goal
July 31, 2016 $280K
October 31, 2018 $500K

So estimated average net worth increase of $8150 / month. (No property value increases logged or estimated. Just investment contributions/gains and debt reduction.)

Nice.  Are you a super high earner?  or a super high savings rate-haver?
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on August 04, 2016, 03:47:59 PM
We are currently DINKs - but family planning. So while we have this fire hose of income, we're putting it to good use. We could stand to lower expenses. They are certainly high compared to MMM. Our non-mortgage expenses are closer to $40k / year.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on August 04, 2016, 03:54:05 PM
We are currently DINKs - but family planning. So while we have this fire hose of income, we're putting it to good use. We could stand to lower expenses. They are certainly high compared to MMM. Our non-mortgage expenses are closer to $40k / year.

Got it.  I'm pregnant with my first, and totally understand the last frantic push.

I live and work in Manhattan, and think I spend about 55K a year (which includes ~28K towards condo mortgage and other expenses, so maybe not all that bad).  Gearing up for 36K a year in daycare expenses!
Title: Re: Race from 250 to 500k!
Post by: ender on August 04, 2016, 04:57:16 PM
Good question. Maybe I, and others, read too much into your harmless comment about a slower pace.

Mustachian problems - noting you will be increasing net worth at an expected pace of "only" $40k-50k a year comes across as complaining :P
Title: Re: Race from 250 to 500k!
Post by: BookWorm22 on August 04, 2016, 06:44:42 PM
I'm not going to win any speed races here, but

December 2014 - $315,000

March 2016 - $401,154
April 2016 -   $401,939
May 2016   -  $406,636
June 2016 -   $411,544
July 2016 -    $416,608

I've just started including my house equity in these figures, mainly because I passed a goal point in my investments and wanted to get a little head start on hitting the next one ;).  Currently trying to up my investing as a percentage of my income.  I'm awed in what I have managed over the last few months. 

Good going everyone, and keep meeting those targets
 
Welcome Ezzo!  Looks like you are closing in on a milestone.  Good to see everyone else progressing.  It will be fun to watch if any of us beat our timelines. 
Title: Re: Race from 250 to 500k!
Post by: Ezzo on August 04, 2016, 07:04:05 PM
I'm not going to win any speed races here, but

December 2014 - $315,000

March 2016 - $401,154
April 2016 -   $401,939
May 2016   -  $406,636
June 2016 -   $411,544
July 2016 -    $416,608

I've just started including my house equity in these figures, mainly because I passed a goal point in my investments and wanted to get a little head start on hitting the next one ;).  Currently trying to up my investing as a percentage of my income.  I'm awed in what I have managed over the last few months. 

Good going everyone, and keep meeting those targets
 
Welcome Ezzo!  Looks like you are closing in on a milestone.  Good to see everyone else progressing.  It will be fun to watch if any of us beat our timelines.
Thanks, It is exciting.  Even through it looks like most of the work was done in the "missing" period, it was under different circumstances, making it a lot easier.  I am a lot more proud of the last four months, even with the slower saving.  I'm taking a huge chunk of my income and really committing to it. 
Funny thing is that I do actually budget, not so I have "splurge money", but so I keep money for paying bills, else I will invest the lot and come up short. haha.
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on August 08, 2016, 05:44:28 AM
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


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)

I completely appreciate the cautions on Zestimating one's house value but, since I'm unlikely to sell anytime in the near future, precision isn't that important to me.  I'm just trying to pay the sucker off by Oct. and then full steam on the 'stache.
Title: Re: Race from 250 to 500k!
Post by: Tjat on August 14, 2016, 08:48:19 AM
I'll track this with invested assets only AND with home equity

Invested Assets
10/1/2015: $252K
4/1/2016: $284K

Net Worth (w/ Home Equity)
8/1/2014: $250K
4/1/2016: $393K

8/1/2016 Update
Liquid Assets: $312K
Net Worth (w/ Home Equity): $460K

Much of the 4 month increase is due to a reappraisal on the house that we got when refinancing and investment gains. YTD expenses are a bit higher than I'd like, but still helping the cause with a 40% savings rate.
Title: Re: Race from 250 to 500k!
Post by: FrugalFan on August 14, 2016, 12:21:34 PM
April 2016 $251,521
May 2016 $263,275
June 2016 $266,151
July 2016 $279,087  Some nice progress this month.
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on August 16, 2016, 01:15:18 PM
We are about to "graduate" from the 100-250 thread.

Super excited to be joining this challenge :).  My wife and I are DINKs in our mid 20's with a combined yearly income of about 130k gross.  That may be decreasing soon due to a job situation.

I'm planning on updating our current number on a monthly basis while keeping track of quarterly numbers.  I am counting total NW so this includes about 50k in home equity.  The rest is in investments (approx. 200k)


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
Current:         $250,019


I'd like to hit 500k by the end of 2018 if we keep our current income level although that's up in the air.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on August 16, 2016, 01:46:17 PM
I'm just going for 350 by year-end, 400 before I blow this fascist popsicle stand.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on August 16, 2016, 03:01:21 PM
I'm not going to win any speed races here, but

December 2014 - $315,000

March 2016 - $401,154
April 2016 -   $401,939
May 2016   -  $406,636
June 2016 -   $411,544
July 2016 -    $416,608

I've just started including my house equity in these figures, mainly because I passed a goal point in my investments and wanted to get a little head start on hitting the next one ;).  Currently trying to up my investing as a percentage of my income.  I'm awed in what I have managed over the last few months. 

Good going everyone, and keep meeting those targets
 
Welcome Ezzo!  Looks like you are closing in on a milestone.  Good to see everyone else progressing.  It will be fun to watch if any of us beat our timelines.
Thanks, It is exciting.  Even through it looks like most of the work was done in the "missing" period, it was under different circumstances, making it a lot easier.  I am a lot more proud of the last four months, even with the slower saving.  I'm taking a huge chunk of my income and really committing to it. 
Funny thing is that I do actually budget, not so I have "splurge money", but so I keep money for paying bills, else I will invest the lot and come up short. haha.

i have started to realize i must do the same thing b/c i force a large sum in to taxable monthly that pushes my limits and force me to spend less but when you put pen to paper i actually dont have that much available unless i work OT or run some side hustles.
Title: Re: Race from 250 to 500k!
Post by: PFHC on August 16, 2016, 08:38:54 PM
 
Funny thing is that I do actually budget, not so I have "splurge money", but so I keep money for paying bills, else I will invest the lot and come up short. haha.
This is how we do. I love the added pressure that comes with almost emptying the checking account each month.

Only 9 days until I join you all... wicked excited!
Title: Re: Race from 250 to 500k!
Post by: ender on August 18, 2016, 07:09:20 AM
 
Funny thing is that I do actually budget, not so I have "splurge money", but so I keep money for paying bills, else I will invest the lot and come up short. haha.
This is how we do. I love the added pressure that comes with almost emptying the checking account each month.

Only 9 days until I join you all... wicked excited!

We've been flirting with the number too for a while now. We briefly past it, bought a house (which I value at about 94% of appraised value), but now the market gains have pushed us back up close to the threshold already again. It'll be a few months before we reliably get over but we're definitely close and I think at month end we will bump over.
Title: Re: Race from 250 to 500k!
Post by: OurTown on August 18, 2016, 10:06:27 AM
I'm afraid I'll be posting a disappointing report next month.  Totaled the car, got a new(ish) one.  As Trump would tweet:  "Sad!"
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on August 18, 2016, 10:46:28 AM
I'm afraid I'll be posting a disappointing report next month.  Totaled the car, got a new(ish) one.  As Trump would tweet:  "Sad!"

Hope you and yours are healthy, it sounds like you are okay.

As far as I'm concerned, you can lose a heck of a lot more than money if your car is totaled. Remember you only have one body, but you can always make more money! :)

JGS
Title: Re: Race from 250 to 500k!
Post by: OurTown on August 18, 2016, 11:34:50 AM
True that.  It's cliche, but every new day from here forward is a gift.
Title: Re: Race from 250 to 500k!
Post by: garth on August 31, 2016, 09:19:25 AM
It was a good month for investments (and cash savings grew a little too) but another big drop in Zillow home value offset those gains. So, our NW increased only modestly in August. But, there is still something to celebrate: year-over-year NW and investment increases both topped $100k. I think $350k NW is possible this year. Maybe $500k by the end of next.

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
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on August 31, 2016, 09:29:24 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

Paid $2060 in property taxes, but otherwise did a reasonably good job of keeping expenditures down! Logged about $4k in investment gains so I could zero out my Betterment accounts in my software when transferring the balances to Vanguard.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on August 31, 2016, 10:48:34 AM
Coming back to update...

2015 DEC: 252k
2016 JAN: 260k
2016 FEB: 281k
2016 MAR: 285k
2016 APR: 298k
2016 MAY: 305k
2016 JUNE: 307k
2016 JULY: 320k (+13k) between our taxable contributions and markets going up, it was a good month!
2016 AUG: 326k (+6k) We had a $3,000 house repair, so that slowed us down a bit we might drop another 2k today given that the market is down .6%


+$74,000 this year so far. Aiming, for just under 100k in any given year of savings.
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on August 31, 2016, 10:57:11 AM
Man, everyone here is killing it!  We had another fairly good month with roughly an 8k gain.

It blows my mind how some people have frequent 15-20k monthly gains.  You guys rock!

We may have a little setback next month as we are looking to buy a "new to us" car and sell another car.  It should only be a 3-4k hit but I'm more concerned about how long it will take us to sell our current car.

Anyways, 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

Current:                  $253,180
Title: Re: Race from 250 to 500k!
Post by: boarder42 on August 31, 2016, 03:18:31 PM
8/1 - 375k
9/1 - 382k

up 7k this month.
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on September 01, 2016, 07:36:14 AM
Hoping to be at $500,000 in 08/2018.

July 2016 - $257,306
August 2016 - $264,625

Positive trend is always a good trend!
Title: Re: Race from 250 to 500k!
Post by: BBub on September 01, 2016, 07:54:03 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
Title: Re: Race from 250 to 500k!
Post by: caracarn on September 01, 2016, 08:16:00 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
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on September 01, 2016, 08:44:17 AM
This will be a good month for us... let me count the ways:

- I'm doing most of my ANG training days for the year (double-dipping w/ paid military leave)
- Rental partnership #2 should close its first acquisition, with me as buyer's agent, earning commission AND adding investment income
- Just cashed an unexpected ~$4k reimbursement for a past fuckup that I thought I'd never see back
- Rental partnership #1, just finished renovating a couple of key properties and is rapidly landing new tenants at higher rents - profit +++

All told, probably adding five figures. That, and some single stock holdings are primed for buyouts and other good news, which adds a nice tailwind. Last snapshot was $320K, projecting $340k by 9/30 and $360k by year end.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on September 01, 2016, 09:28:43 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 (including some trades that will go through at close of business, I think)
April 2016: 345K (so. slow.  investing/paying off between 8 and 10K a month and I'm not sure where it's going!  I think my home's zillow value was skewing my total)
May 2016: 352K
June 2016: 389K
July 2016: 415K 
August 2016: 478K

I really feel like I'm missing something here.  It doesn't make sense.  On the other thread where I track sans mortgage and house, I'm up ~10K this month.  It looks like zestimate thinks my condo has gone up steeply in value.  It's skewing everything.  I don't really want to create a third tracking mechanism that includes the condo but at my own valuation, so I guess I will stick with my zestimate value for now, and also just accept it when it drops down precipitously in a few months. 
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on September 01, 2016, 02:28:06 PM

August 2016: 478K

I really feel like I'm missing something here.  It doesn't make sense.  On the other thread where I track sans mortgage and house, I'm up ~10K this month.  It looks like zestimate thinks my condo has gone up steeply in value.  It's skewing everything.  I don't really want to create a third tracking mechanism that includes the condo but at my own valuation, so I guess I will stick with my zestimate value for now, and also just accept it when it drops down precipitously in a few months.

I would recommend you don't use zestimate and just take your home mortgage & principal value, and add a % or two each year.  There's no reason to use a market estimate until you actually sell it, and then you can adjust for the actual change when it is realized.  Using zestimate is the equivalent of my buddy telling me he would pay me $20k for my $10k car... it's not reality until you have that cash in hand.

Personally, I just sold my house and zestimate said it was worth $330k, meanwhile it sold for $305k in a "hot" market.  That's a $25k increase from what I bought it for 7 years ago but I also paid $20k in closing costs netting me $5k (probably put $40k into it as well...).  So did $50k just evaporate from my net worth?  Or, did it never exist in the first place?
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on September 01, 2016, 02:32:03 PM
Realtor (side gig) here... I hate Zestimates. They don't have any property condition or amenity details to put prices into context, and they're heavily dependent on recent data, which means just one outlier can really skew things. They can give you a decent idea of recent trends, or they can give you wildly unrealistic expectations.
I like the above... assume little or no appreciation, unless you have really good hard data that's been through some analysis. That way, if your market really does blow through the roof, it'll be a nice surprise... until then, you won't be counting on your home to make your magic number, etc.
Title: Re: Race from 250 to 500k!
Post by: OurTown on September 01, 2016, 05:39:02 PM
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

Bought a car. 
Title: Re: Race from 250 to 500k!
Post by: garth on September 02, 2016, 07:51:13 AM
I would recommend you don't use zestimate and just take your home mortgage & principal value, and add a % or two each year.  There's no reason to use a market estimate until you actually sell it, and then you can adjust for the actual change when it is realized.  Using zestimate is the equivalent of my buddy telling me he would pay me $20k for my $10k car... it's not reality until you have that cash in hand.

I'm going to start doing this, using a 1% increase each year. My zestimate has jumped around erratically in the 18 months I've owned the house, maybe due to the very small market size.
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on September 02, 2016, 08:43:53 AM
3/1/16
NW $414K
Liquid $322K

6/1/16
NW $457K
Liquid $350K

7/1/16
NW $466K
Liquid $356K

I'm likely to be flat for a couple months due to house renovations. Very little will be going into savings.

8/1/16
NW $477K
Liquid $371K

9/1/16
NW $483K
Liquid $362K

Liquid decrease is due to ongoing major house renovation; accounting for that at cost until complete and appraised, but there will likely be a bit of equity hiding in there.
Title: Re: Race from 250 to 500k!
Post by: jorjor on September 02, 2016, 10:15:08 AM
Nov 15: $236k
Dec 15: $257k
Jan 16: $259k
Feb 16: $275k
Mar 16: $295k
Apr 16: $305k
May 16: $315k
Jun 16: $320k
Jul 16: $339k
Aug 16: $347k
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on September 02, 2016, 12:04:12 PM
I would recommend you don't use zestimate and just take your home mortgage & principal value, and add a % or two each year.  There's no reason to use a market estimate until you actually sell it, and then you can adjust for the actual change when it is realized.  Using zestimate is the equivalent of my buddy telling me he would pay me $20k for my $10k car... it's not reality until you have that cash in hand.

I'm going to start doing this, using a 1% increase each year. My zestimate has jumped around erratically in the 18 months I've owned the house, maybe due to the very small market size.


I've thought about this.  Last year zillow was pretty routinely (I think) underreporting the value of my house, so it's not always wrong in the same direction.  At least, I think it was underreporting since someone in my small building sold for much more during that time, and I had an estimate done as part of a HELOC refinancing that also pointed to a higher valuation.

I think I may just calculate out what it would cost me to sell (quite a bit, maybe 40K or so) and begin holding that as a liability offseting part of my equity.
Title: Re: Race from 250 to 500k!
Post by: caracarn on September 02, 2016, 03:10:11 PM
I would recommend you don't use zestimate and just take your home mortgage & principal value, and add a % or two each year.  There's no reason to use a market estimate until you actually sell it, and then you can adjust for the actual change when it is realized.  Using zestimate is the equivalent of my buddy telling me he would pay me $20k for my $10k car... it's not reality until you have that cash in hand.

I'm going to start doing this, using a 1% increase each year. My zestimate has jumped around erratically in the 18 months I've owned the house, maybe due to the very small market size.


I've thought about this.  Last year zillow was pretty routinely (I think) underreporting the value of my house, so it's not always wrong in the same direction.  At least, I think it was underreporting since someone in my small building sold for much more during that time, and I had an estimate done as part of a HELOC refinancing that also pointed to a higher valuation.

I think I may just calculate out what it would cost me to sell (quite a bit, maybe 40K or so) and begin holding that as a liability offseting part of my equity.

I refinanced about a year ago, and the Zestimate has only now begun to approach the value the appraisal provided.  I find the estimate to be relatively accurate and in most cases lower than what I could sell for.  I am also in a stable housing market, so I am wondering if the feeling that the estimates cannot be trusted comes from people in much more volatile markets? 
Title: Re: Race from 250 to 500k!
Post by: FrugalFan on September 02, 2016, 05:54:00 PM
Personal investments only (excluding house equity, pensions, cash)
Apr 2016 $251,521
May 2016 $263,275
Jun 2016 $266,151
Jul 2016 $279,087 
Aug 2016 $288,824  Onward and upwards
Title: Re: Race from 250 to 500k!
Post by: MayDay on September 04, 2016, 10:41:26 AM
I haven't updated in a couple months.

Sept '14 (first time I aggregated all our various retirement accounts into one NW):  253K
Sep '15 355K
Aug '16  462K

I was (unrealistically unless the market went crazy) gunning for 500K by the end of 2016.  H's bonus hits Feb or Mar '17, so more likely scenario is that we top 500K then. 

That is just accounts, we have zero house equity right now, and will probably take ~60K out for a DP next year sometime. 

Adding 100K a year seems insane, but its a lot of one time things (converting an old pension of mine to a lump sum in my 401K, selling a house that we made ~20K on, selling a car).  At this point a lot is market gains, too. 

Sadly, we probably need 1.5 million to retire at our goal lifestyle (autistic kid, college expenses that we plan to contribute 50-75% of the cost of, zero house equity at the moment) so we are thinking 10 more years.  If those costs drop, I may be able to talk H down to a lower number.  But at the very least we are closing in on SHTF territory where if he was disabled or something and couldn't work, we could survive bare-bones indefinitely. 
Title: Re: Race from 250 to 500k!
Post by: MickeyMoustache on September 04, 2016, 11:04:46 AM
I would recommend you don't use zestimate and just take your home mortgage & principal value, and add a % or two each year.  There's no reason to use a market estimate until you actually sell it, and then you can adjust for the actual change when it is realized.  Using zestimate is the equivalent of my buddy telling me he would pay me $20k for my $10k car... it's not reality until you have that cash in hand.

I'm going to start doing this, using a 1% increase each year. My zestimate has jumped around erratically in the 18 months I've owned the house, maybe due to the very small market size.


I've thought about this.  Last year zillow was pretty routinely (I think) underreporting the value of my house, so it's not always wrong in the same direction.  At least, I think it was underreporting since someone in my small building sold for much more during that time, and I had an estimate done as part of a HELOC refinancing that also pointed to a higher valuation.

I think I may just calculate out what it would cost me to sell (quite a bit, maybe 40K or so) and begin holding that as a liability offseting part of my equity.

I refinanced about a year ago, and the Zestimate has only now begun to approach the value the appraisal provided.  I find the estimate to be relatively accurate and in most cases lower than what I could sell for.  I am also in a stable housing market, so I am wondering if the feeling that the estimates cannot be trusted comes from people in much more volatile markets?

Even a broken clock is right twice a day.  I was in a stable market, zestimate is what was unstable.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on September 04, 2016, 03:41:25 PM
Zestimates are unreliable for the same reasons everywhere. The effect is generally more obvious in a volatile market, as the range of possible values is bigger.
Title: Re: Race from 250 to 500k!
Post by: YellowCat on September 04, 2016, 07:01:02 PM
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!
Title: Re: Race from 250 to 500k!
Post by: boarder42 on September 06, 2016, 05:53:06 AM
nice work yellowcat.  will be ~2 months before we hit 400k.  your savings/gains per month is pretty incredible.
Title: Re: Race from 250 to 500k!
Post by: YellowCat on September 06, 2016, 07:39:54 PM
Thanks Boarder42! To be honest I can hardly believe it myself. At this point it feels more like compounding & market gains vs. savings that's driving those crazy monthly increases, though we do have 2 people in our household earning & saving $$$, which of course helps a lot. You're not very far behind! Market willing you'll get to $400k very soon!

I recently realized that I've been accounting incorrectly in Mint (had something "hidden" from our NW summary) so it turns out all of my hooplah last month for passing $400k was silly because we actually surpassed that number in July :P Mustachian people problems indeed!

Actual NW as of 31 August 2016: $413,532

I'm not gonna go back and edit the proceeding months' numbers. I'll just take the artificial gain between July and August :) Here's to hitting $430k by the end of the year. I think that's a reasonable goal given that we're talking about dropping $20k-$30k on home renovations between now and then...

Title: Re: Race from 250 to 500k!
Post by: skcook on September 10, 2016, 08:15:48 PM
I'd like to jump on this bandwagon, albeit a little late!

Current NW hovers around $330k. Am pessimistically shooting for Jan 1, 2019, to hit the $500k mark, in part due to anticipated unpaid maternity leave and day care expenses wiping out significant progress next year. But it's nice to have goals!
Title: Re: Race from 250 to 500k!
Post by: MasterStache on September 14, 2016, 07:57:58 AM
Been a little slow for our family. I took a 3 month LOA over the summer and wife dropped savings significantly to cover the cost of expenses. So we basically contributed about $500 over the summer. However, I did get some major home renovations out of the way, my wife sold her SUV and we bought a Prius (took a roughly 7K hit on savings), and we dropped daycare expenses. So savings are expected to ramp up big time.

Oh and our home value has skyrocketed (although I don't include in net worth)

December 2015 - 250K-ish
September 2016 - 288K-ish
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on September 14, 2016, 08:52:41 AM
Net Worth currently sitting at $280k....next big milestone will be 1/3 Millionaires =D
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on September 16, 2016, 06:44:26 AM
Liquid assets, 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
I've slowed down tremendously, stagnated during 4-7/16 at 344k.  Life catches up, but I'm back on the forums, getting my head back in the game.
Title: Re: Race from 250 to 500k!
Post by: garth on September 18, 2016, 02:31:58 PM
Liquid assets, 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
I've slowed down tremendously, stagnated during 4-7/16 at 344k.  Life catches up, but I'm back on the forums, getting my head back in the game.

Wow, that's a monster gain from Jan 2015 to Jan 2016. Nice job!
Title: Re: Race from 250 to 500k!
Post by: RWD on September 18, 2016, 06:28:20 PM
Liquid assets, 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
I've slowed down tremendously, stagnated during 4-7/16 at 344k.  Life catches up, but I'm back on the forums, getting my head back in the game.

Wow, that's a monster gain from Jan 2015 to Jan 2016. Nice job!

Not to downplay it, but it's because he's only including liquid assets and that month home equity was converted to liquid.
Title: Re: Race from 250 to 500k!
Post by: sisto on September 21, 2016, 03:55:21 PM
I suppose I should update more often here. I posted in June that I hit $501K in assets. As of today I'm sitting at $553K. Keep on keepin' on!
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on September 22, 2016, 01:37:55 PM
I suppose I should update more often here. I posted in June that I hit $501K in assets. As of today I'm sitting at $553K. Keep on keepin' on!

Pretty good progress there! (I assume your saving 7-10 grand a month and the rest was market gains?)
Title: Re: Race from 250 to 500k!
Post by: therethere on September 29, 2016, 10:33:28 AM
Yay! Just crossed the 250k NW during my April 1 roundup. 500k is probably many many years away. But hey, DH doesn't think about our NW so I need someone to share it with! 500k conveniently coincides with what we need to support us with retirement starting at age 60. Once are near that point we're hoping to dial back on jobs/income maybe even to part time or seasonal work so I expect progress to significantly slow at one point. As for a quick background we are DINKS, renters with no RE, and still have student loans.

Our History:

Jan 2007 - (-242,000)
Jan 2013: (-26,835)
July 2013: 6,019
Jan 2014: 63,670
May 2014: 98,814
Jan 2015: 139,954
July 2015: 191,148
Jan 2016: 221,252
Feb 2016: 213,366
Mar 2016: 227,492
April 2016: 256,226
June 16: 277,742
July 16: 286,811
Aug 16: 299,578
Sept 16: 307,721


Yay! Passed 300k at the beginning of September. Pretty steady climb although its slowing now that pre-tax contributions are pretty much maxed out. My target is to increase 100k/year while we are both working FT. We are on track to pass that goal and hit 325k by YE. We also have our "old people" (60+) retirement 50% covered!
Title: Re: Race from 250 to 500k!
Post by: boarder42 on September 29, 2016, 12:58:09 PM
Yay! Just crossed the 250k NW during my April 1 roundup. 500k is probably many many years away. But hey, DH doesn't think about our NW so I need someone to share it with! 500k conveniently coincides with what we need to support us with retirement starting at age 60. Once are near that point we're hoping to dial back on jobs/income maybe even to part time or seasonal work so I expect progress to significantly slow at one point. As for a quick background we are DINKS, renters with no RE, and still have student loans.

Our History:

Jan 2007 - (-242,000)
Jan 2013: (-26,835)
July 2013: 6,019
Jan 2014: 63,670
May 2014: 98,814
Jan 2015: 139,954
July 2015: 191,148
Jan 2016: 221,252
Feb 2016: 213,366
Mar 2016: 227,492
April 2016: 256,226
June 16: 277,742
July 16: 286,811
Aug 16: 299,578
Sept 16: 307,721


Yay! Passed 300k at the beginning of September. Pretty steady climb although its slowing now that pre-tax contributions are pretty much maxed out. My target is to increase 100k/year while we are both working FT. We are on track to pass that goal and hit 325k by YE. We also have our "old people" (60+) retirement 50% covered!

why are you saving for an "old People" retirement? all savings accounts minus work pensions are available to be accessed all the time.
Title: Re: Race from 250 to 500k!
Post by: therethere on September 29, 2016, 01:07:09 PM

why are you saving for an "old People" retirement? all savings accounts minus work pensions are available to be accessed all the time.

Both DH and I do not want to work FT as engineers forever. We definitely don't plan to work straight through the 8-12 years it would take to be completely FI. I've been leaning more towards intermittent sabbaticals or winding down to part time work earlier in my life rather than reaching full FI. That being said we've got pretty good gigs right now that we can milk for a few more years. So I use it as a benchmark of when I can wind down working a FT career type job. I figure if I have enough saved to cover my retirement from age 60 onward we are "free" to do whatever we want as long as it pays the bills. The percentage does take into account future growth between now and then. I would consider that amount untouchable.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on September 29, 2016, 02:57:27 PM

why are you saving for an "old People" retirement? all savings accounts minus work pensions are available to be accessed all the time.

Both DH and I do not want to work FT as engineers forever. We definitely don't plan to work straight through the 8-12 years it would take to be completely FI. I've been leaning more towards intermittent sabbaticals or winding down to part time work earlier in my life rather than reaching full FI. That being said we've got pretty good gigs right now that we can milk for a few more years. So I use it as a benchmark of when I can wind down working a FT career type job. I figure if I have enough saved to cover my retirement from age 60 onward we are "free" to do whatever we want as long as it pays the bills. The percentage does take into account future growth between now and then. I would consider that amount untouchable.

gotcha we're both engineers but i have some pretty strong golden handcuffs at my place that probably will have me OMYing it even when we can fire in the next 6-8 years. every year i work past year 6 i will be getting an extra 8-10k and growing in SWR dollars.  easy to say i'd walk now but when its just one more year and you can spend 10k more in retirement if you choose. hard not to stick around ... though when baby 1 is born in the next 2 years i plan to request 4-8s ... then possibly 3-8s come baby 2 shortly after.
Title: Re: Race from 250 to 500k!
Post by: aceyou on September 29, 2016, 08:39:28 PM
Just realized this thread exists, any way you look at it it applies to me. 

Our net worth included our pension values if I we were to quit teaching and cash out is creeping closer to 450k
Our net worth without cashing out on the pensions is closing in on 300k

Here's the last year or so of progress:

28-Oct 2015
Net Worth    $325,115
Net Worth - Pension    $232,515

27-Jan 2016
Net Worth    $375,507
Net Worth - Pension    $270,665

30-Apr 2016
Net Worth    $413,121
Net Worth - Pension    $290,122

29-Sep 2016
Net Worth    $437,915
Net Worth - Pension    $296,568

Title: Re: Race from 250 to 500k!
Post by: boarder42 on September 30, 2016, 05:55:09 AM
Just realized this thread exists, any way you look at it it applies to me. 

Our net worth included our pension values if I we were to quit teaching and cash out is creeping closer to 450k
Our net worth without cashing out on the pensions is closing in on 300k

Here's the last year or so of progress:

28-Oct 2015
Net Worth    $325,115
Net Worth - Pension    $232,515

27-Jan 2016
Net Worth    $375,507
Net Worth - Pension    $270,665

30-Apr 2016
Net Worth    $413,121
Net Worth - Pension    $290,122

29-Sep 2016
Net Worth    $437,915
Net Worth - Pension    $296,568

almost there welcome
Title: Re: Race from 250 to 500k!
Post by: FrugalFan on September 30, 2016, 08:28:32 AM
Personal investments only (excluding house equity, pensions, cash)
Apr 2016 $251,521
May 2016 $263,275
Jun 2016 $266,151
Jul 2016 $279,087
Aug 2016 $288,824
Sep 2016 $301,986     Broke 300k this month!
Title: Re: Race from 250 to 500k!
Post by: garth on September 30, 2016, 09:58:16 AM
Something to celebrate: I paid off the last of my student loans this month! Thankfully, I haven't paid interest on them since 2009 (went back to school and then put the balance on a 0 interest credit card), but it's nice to have that albatross from around my neck.

And, it looks like $350k is coming next month! I have to admit that part of this month's bump up is due to ditching the Zestimate on our house (which had fallen quite a bit in the past 3 months) and changing to a 1% annual appreciation since purchase. And, this was a big spending month--even by our standards. There were tons of airline tickets and hotels, a bachelor party, a splurge dinner out...I hit the minimum spend on the CSR and then some. Thankfully, a bunch of reimbursements helped to smooth things out.

In other news, we're about one month's contribution away from hitting $300k in investment accounts. So if the market holds steady or goes up, we'll probably hit it by Halloween. Though I guess I wouldn't be sad if stocks fell, seeing as we're still 5 to 10 years to FI.

The numbers:

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
Title: Re: Race from 250 to 500k!
Post by: Libertea on September 30, 2016, 07:41:42 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

One more quarter to go....
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on October 01, 2016, 09:11:51 AM
Hoping to be at $500,000 in 08/2018.

July 2016 - $257,306
August 2016 - $264,625
September 2016 - $270,695

Onward and up
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on October 01, 2016, 11:08:25 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

Paid 6-month car insurance, 1-year landlord insurance, prepaid gas/groceries hitting a credit card spend. Spent a lot on travel, only to have travel plans interrupted and spending extra on travel (but having a voucher to make up dates later). Ended up double paying a bill at my rental, so that'll get a pass in October. (Next month or two should be light thanks to things like that. But I need to replace a tenant that's vacating in a few weeks.) Ate out a little more than usual. And I logged my quarterly investment dividends, fees and changes. All that to say... $300k!

Edit: Missed updating my 401k earlier!
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on October 01, 2016, 12:22:28 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)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)

Oct -16     $357,689.04 (+53,415)

-Record Quarter for me, lots of loan payoff, some equity gains, and higher than expected bonus. Spending remains the same. Lets hope this keeps on keeping on.

JGS
Title: Re: Race from 250 to 500k!
Post by: boarder42 on October 03, 2016, 05:35:00 AM
8/1 - 375k
9/1 - 382k
10/1 - 391.5k

up 9.5k this month.

hope to hit 400k by my 30th bday.  mid Nov  should as long as the market stays flat to up ...

500k by my wife's 30th Bday in July.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on October 03, 2016, 08:29:05 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 (including some trades that will go through at close of business, I think)
April 2016: 345K (so. slow.  investing/paying off between 8 and 10K a month and I'm not sure where it's going!  I think my home's zillow value was skewing my total)
May 2016: 352K
June 2016: 389K
July 2016: 415K 
August 2016: 478K
September 2016: 457K

So, I "lost" 22K this month.  But this is because I decided to start carrying a 40K "selling" cost for my condo, which I would need to incur in order to liquidate it anyway.  It makes me feel better about letting my valuation float with zillow.  Gonna keep plugging and should still hit 500K by year's end.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on October 03, 2016, 11:55:41 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)

SEPT: Market did well, had a decent amount of hours. Good month!

+$84,000 this year so far. 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 in the market) Given 3 months left, and only 16k more to go, I should hit this goal.
Title: Re: Race from 250 to 500k!
Post by: caracarn on October 03, 2016, 12:34:59 PM
My first quarterly update... 

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
9/30/2016 - $450,169
Title: Re: Race from 250 to 500k!
Post by: jorjor on October 03, 2016, 04:52:16 PM
Nov 15: $236k
Dec 15: $257k
Jan 16: $259k
Feb 16: $275k
Mar 16: $295k
Apr 16: $305k
May 16: $315k
Jun 16: $320k
Jul 16: $339k
Aug 16: $347k
Sep 16: $352k

Got a bonus this month but didn't see as much positive as I would have liked because we're doing some home improvement stuff (garage door and some shower/glass stuff).
Title: Re: Race from 250 to 500k!
Post by: OurTown on October 03, 2016, 05:48:07 PM
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

Back in the right direction!
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on October 04, 2016, 01:39:03 PM
Nov 15: $236k
Dec 15: $257k
Jan 16: $259k
Feb 16: $275k
Mar 16: $295k
Apr 16: $305k
May 16: $315k
Jun 16: $320k
Jul 16: $339k
Aug 16: $347k
Sep 16: $352k

Got a bonus this month but didn't see as much positive as I would have liked because we're doing some home improvement stuff (garage door and some shower/glass stuff).

Better than seeing a negative month!
Title: Re: Race from 250 to 500k!
Post by: therethere on October 04, 2016, 02:05:27 PM
Yay! Just crossed the 250k NW during my April 1 roundup. 500k is probably many many years away. But hey, DH doesn't think about our NW so I need someone to share it with! 500k conveniently coincides with what we need to support us with retirement starting at age 60. Once are near that point we're hoping to dial back on jobs/income maybe even to part time or seasonal work so I expect progress to significantly slow at one point. As for a quick background we are DINKS, renters with no RE, and still have student loans.

Our History:

Jan 2007 - (-242,000)
Jan 2013: (-26,835)
July 2013: 6,019
Jan 2014: 63,670
May 2014: 98,814
Jan 2015: 139,954
July 2015: 191,148
Jan 2016: 221,252
Feb 2016: 213,366
Mar 2016: 227,492
April 2016: 256,226
June 16: 277,742
July 16: 286,811
Aug 16: 299,578
Sept 16: 307,721
Oct 16: 320,601


Update for October 1st.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on October 04, 2016, 02:42:46 PM
Not tracking in great detail lately, but we're somewhere around $320K, saving $5k a month, and seeing good returns. I am hoping that we'll be well north of $350K before we draw down our work hours, but it won't matter too much.
Title: Re: Race from 250 to 500k!
Post by: doggyfizzle on October 04, 2016, 02:46:03 PM
483K today (813k if you include home equity).  My rise in liquid NW this year has been driven by MO, PM, and our retirement accounts, but especially MO appreciating more than 40% in the last year.

505k as of today!  Holy shit this feels good!
Title: Re: Race from 250 to 500k!
Post by: BiscuitsForBreakfast on October 05, 2016, 04:27:43 PM
I discovered MMM a couple weeks ago,  and ever since have been reading posts, the forum, and puttering around with paper and pen, trying to figure out what I'm doing and how to get where I want to go. (So much to learn! So many questions!) But I figure I should set some goals and track some numbers while I do more figuring out.

So:
May 2016: $267, 040

This does not include my house, which is not yet paid off. I expect it will take me several years to get to $500k but at least I'm heading in the right direction.

9/31/2016: 293,421

As it turns out, I didn't quite have a handle on my work retirement account back in May, so the May number is low by about 3k.  My September number is also going to be off because I'm impatient and don't want to wait for the September gains to get crunched for the same account, so I'm using the number as of 8/31/2016. Still, I'm pleased not only to see the numbers going in the right direction but by more than I would have expected (there was an annual bonus in there that I won't see again til next year, but work profit sharing should appear in my retirement account in the next month or two, I think. After that it will be slow and steady winning the race).

How do you all handle accounts that take awhile to update? Do you crunch numbers when they're done (mid-month for me) or use old numbers?
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on October 06, 2016, 01:14:26 PM
I discovered MMM a couple weeks ago,  and ever since have been reading posts, the forum, and puttering around with paper and pen, trying to figure out what I'm doing and how to get where I want to go. (So much to learn! So many questions!) But I figure I should set some goals and track some numbers while I do more figuring out.

So:
May 2016: $267, 040

This does not include my house, which is not yet paid off. I expect it will take me several years to get to $500k but at least I'm heading in the right direction.

9/31/2016: 293,421

As it turns out, I didn't quite have a handle on my work retirement account back in May, so the May number is low by about 3k.  My September number is also going to be off because I'm impatient and don't want to wait for the September gains to get crunched for the same account, so I'm using the number as of 8/31/2016. Still, I'm pleased not only to see the numbers going in the right direction but by more than I would have expected (there was an annual bonus in there that I won't see again til next year, but work profit sharing should appear in my retirement account in the next month or two, I think. After that it will be slow and steady winning the race).

How do you all handle accounts that take awhile to update? Do you crunch numbers when they're done (mid-month for me) or use old numbers?

Two things...

1. From one month to the other, its pretty inconsequential.

2. Every account I have ever had updated daily.... (I just figured this was the case for most accounts?)
Title: Re: Race from 250 to 500k!
Post by: Libertea on October 06, 2016, 03:47:10 PM
I use whatever the value of each account is at the end of the day on the last day of each quarter (so, 3/31, 6/30, 9/30 and 12/31).  There's no manipulating or worrying about money that hasn't been transferred or otherwise counted yet; whatever my bottom line is at 5PM on those four days is the value that goes into my spreadsheet for the quarter.  Sometimes that means the last contribution for one quarter gets included with the next quarter's contributions because a transfer is still in process, which happened this quarter since 9/30 was a payday.  Also, I often get paid overtime money from one quarter during the subsequent quarter since my employer generally pays overtime out 1-2 months after the fact.  So be it.  If the money is not physically in my account on the day when I check, it doesn't get counted.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on October 06, 2016, 05:29:44 PM
How do you all handle accounts that take awhile to update? Do you crunch numbers when they're done (mid-month for me) or use old numbers?

My only accounts that are on a bit of a lag are my 401(k) (it takes a few days for the buys to register, and for my payment of my 401(k) loan to show up) and my mortgage.  I know exactly what is going to debit or credit each month for both my 401(k) and my mortgage, so I just pretend it happened at month end, and not 4 business days later.
Title: Re: Race from 250 to 500k!
Post by: BiscuitsForBreakfast on October 06, 2016, 08:28:28 PM
Thanks for your answers, Anon, Libertea, and OnlyKelsey... I think I'll go with the "I'll count whatever is there when I look" route.  I'm not sure why it takes a week+ to update each month. It's a profit-sharing account rather than a 401(k), though frankly as the profit is shared only once a year I'm not clear on what the hold up is each month. I guess it's for the fund manager to get their ducks in a row.
Title: Re: Race from 250 to 500k!
Post by: RWD on October 08, 2016, 08:02:09 AM
12/1/2015 - 248k
6/1/2016 - 301k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1137213/#msg1137213)
7/1/2016 - 311k
8/1/2016 - 335k
9/1/2016 - 343k
10/1/2016 - 352k

This $50k took two less months than the last $50k.
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on October 08, 2016, 09:40:38 PM
Liquid assets, 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
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on October 13, 2016, 08:26:58 AM
I recently got married which gave me a nice boost to get me over the 250k mark :) We're both pretty serious about saving so I'm excited to see how quickly we can get to 500k, I'm hoping for December of 2018.

Starting 10/2016 - $310,000 (rough estimate since we still have a few accounts left to be merged) Woo-hoo!
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on October 13, 2016, 09:33:56 AM
Way to go everyone! Really impressed by everyone's commitment and progress.  This thread is inspires me and focuses me with every post.
Title: Re: Race from 250 to 500k!
Post by: ender on October 16, 2016, 09:35:14 AM
We've been flirting with the number too for a while now. We briefly past it, bought a house (which I value at about 94% of appraised value), but now the market gains have pushed us back up close to the threshold already again. It'll be a few months before we reliably get over but we're definitely close and I think at month end we will bump over.

Man we've been stagnating the last few months since buying the house. Though I guess that's all due to market drops and quite a few large expenses more than anything else (paying a years worth of property taxes and buying a bunch of house related stuff).

Be nice to go upwards a bit more though so we're more reliably in this race.  Should start happening soon though as DW started a job and our expenses will level off a bit for the next few years, unless we make mini-enders :-)
Title: Re: Race from 250 to 500k!
Post by: Cheddar Stacker on October 16, 2016, 08:47:23 PM
We've been flirting with the number too for a while now. We briefly past it, bought a house (which I value at about 94% of appraised value), but now the market gains have pushed us back up close to the threshold already again. It'll be a few months before we reliably get over but we're definitely close and I think at month end we will bump over.

Man we've been stagnating the last few months since buying the house. Though I guess that's all due to market drops and quite a few large expenses more than anything else (paying a years worth of property taxes and buying a bunch of house related stuff).

Be nice to go upwards a bit more though so we're more reliably in this race.  Should start happening soon though as DW started a job and our expenses will level off a bit for the next few years, unless we make mini-enders :-)

+1. Our house purchase & renovation has us on a sideways trajectory for now. I have a feeling it will end in November, and I know it will be worth it.
Title: Re: Race from 250 to 500k!
Post by: bownyboy on October 18, 2016, 03:49:18 AM
Hi Everyone,

Just found this thread, and jumping along for the ride. Our current liquid networth as at October 2016 is 」324k.

Using google docs to forecast we're aiming for October 2019 to reach 」500k. Thats modelled on contributing 」2.5k a month and returns of 7% on investments.

Good luck everyone!
Title: Re: Race from 250 to 500k!
Post by: BarbeRiche on October 28, 2016, 12:48:15 PM
Unless stock market goes crazy in the next 2 hours...I think that I'll be joining the club...!

Gogogogo

Title: Re: Race from 250 to 500k!
Post by: BarbeRiche on October 29, 2016, 08:36:26 AM
Unless stock market goes crazy in the next 2 hours...I think that I'll be joining the club...!

Gogogogo

Impressive NW in this thread..!   Motivates me.

Big help from the stock market this month  ---->  +33 500$

(https://s21.postimg.org/eiix5ebk3/nw_oct2016.png) (https://postimg.org/image/eiix5ebk3/)
Title: Re: Race from 250 to 500k!
Post by: skcook on October 29, 2016, 06:53:30 PM
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.
Title: Re: Race from 250 to 500k!
Post by: OurTown on October 31, 2016, 07:57:06 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
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on October 31, 2016, 09:55:19 AM
Liquid assets, 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
Title: Re: Race from 250 to 500k!
Post by: garth on October 31, 2016, 10:12:12 AM
Investments accounts are mostly flat relative to this time last month, but we crossed the $350k NW threshold for the first time today. Onward and upward.

Oct 16: $351k
Sep 16: $345k
Jul 16: $330k
Apr 16: $290k
Jan 16: $241k
Dec 15: $256k
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on October 31, 2016, 01:40:31 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

Excellent month due to military retirement accounting error and I am very happy with $25000 in 3 months - this is beyond what I expected.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on November 01, 2016, 07:01:15 AM
8/1 - 375k
9/1 - 382k
10/1 - 391.5k
11/1 - 390.2k

down market for october.
Title: Re: Race from 250 to 500k!
Post by: OurTown on November 01, 2016, 02:57:28 PM
This is so exciting!  Even though you all are just anonymous internet avatars, I feel a great sense of kinship with you. 
Title: Re: Race from 250 to 500k!
Post by: therethere on November 01, 2016, 03:24:36 PM

Our History:

Jan 2007 - (-242k)
Jan 2013: (-26.8k)
July 2013: 6k
Jan 2014: 63.7k
May 2014: 98.8k
Jan 2015: 139.9k
July 2015: 191.1k
Jan 2016: 221.2k
Feb 2016: 213.3k
April 2016: 256.2k
June 16: 277.7k
July 16: 286.8k
Aug 16: 299.5k
Sept 16: 307.7k
Oct 16: 320.6k
Nov 16: 314.8k


Still hoping to surpass 325k by the end of the year.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on November 02, 2016, 08:22:17 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)

OCT: Market did poor. I made probably 7k AFTER EXPENSES but still only posted a 1k gain with the market drop.

+$85,000 this year so far. 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 in the market) Given 2 months left, and 15k more to go, I could hit this goal.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on November 02, 2016, 10:42:26 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)

OCT: Market did poor. I made probably 7k AFTER EXPENSES but still only posted a 1k gain with the market drop.

+$85,000 this year so far. 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 in the market) Given 2 months left, and 15k more to go, I could hit this goal.

i have a save 50k single and 100k couple thread started if you'd like to join in on the actual saving side not including gains.
Title: Re: Race from 250 to 500k!
Post by: UnleashHell on November 03, 2016, 10:45:43 AM
October 31st
just over 500K

and as the market has dropped since I'm still in the 250k to 500k club :D
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on November 03, 2016, 05:36:22 PM
October 31st
just over 500K

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

Welcome back!
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on November 04, 2016, 07:21:40 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

Took two weeks to replace tenant. Swapped out vehicles... that gobbled up would have otherwise been a pretty good month.
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on November 04, 2016, 12:37:06 PM


Starting 10/2016 - $310,000 (rough estimate since we still have a few accounts left to be merged) Woo-hoo!

11/2016 - $328k
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on November 04, 2016, 12:48:54 PM
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
April 2016: 345K (so. slow.  investing/paying off between 8 and 10K a month and I'm not sure where it's going!  I think my home's zillow value was skewing my total)
May 2016: 352K
June 2016: 389K
July 2016: 415K 
August 2016: 478K
September 2016: 457K
October 2016: 408K


OOF.  Backsliding hurts.  This is at least partially of my own doing, though.  Four reasons I can see:
1. I started accounting for a 45K "liability" against my condo, as it would realistically cost that much to liquidate and get out of my Manhattan condo.   
2. I did this in part in response to zillow telling me apartment was worth a whole lot, and zillow also changed its mind on that in the last six weeks.
3. I maxed my IRA in January and 401K a couple months ago, so I've been throwing money towards my HELOC and taxable vanguard account.  The market hasn't been hot.
4. Having my first kid in eight weeks and finding weird pregnancy costs I did not expect.

Until this month I was still hoping for 500K by year's end, but I think that now is out of reach.
Title: Re: Race from 250 to 500k!
Post by: UnleashHell on November 04, 2016, 08:58:08 PM
October 31st
just over 500K

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

Welcome back!

cheers :D i'll be here all week.

or longer at this rate !!
Title: Re: Race from 250 to 500k!
Post by: bkmnky72 on November 05, 2016, 05:23:41 PM
I'm in.  I rechecked our numbers at $361K, including house.  Without house it's about $130K.  Real estate is ridiculously crazy in our area right now. 

Early last month we're at $295K. 

Would love to hit $500K by 2020, so that's about $35-$50K\year.

$391K 3/11/16

Checking in at $402 3/24/16.  Not bad even though my stocks took a big dive yesterday.

Rounding up the month at $420K, mostly house.  Without house it's $129K.

As of today it's roughly $485k.  Without house it's $212.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on November 16, 2016, 07:17:14 AM
so at close on my 30th bday we hit

400k invested

total NW 542k

should hit 500k mid summer by my wife's 30th if the markets continue to cooperate or at a minimum stay flat.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on November 16, 2016, 11:04:27 AM
Ran my own personal numbers the other day and was surprised that I'm close to $325K on my own... I thought DW and I together might be close to that.
Will save extra in Dec, since I'm front-loading most of my FY17 National Guard training days, which are paid leave from my day job plus a second paycheck at a higher rate, plus tax-free travel allowances.
AND, this is after some of my individual stocks took an election-related hit that I expect to be temporary. We could hit the mark by end of 2017 if things go well...
Title: Re: Race from 250 to 500k!
Post by: motiv8ed on November 19, 2016, 09:50:18 PM
Joining the club. Using total NW, since my investment accounts haven't made it there yet.
Nov 2016: $320k
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on November 20, 2016, 04:12:44 AM
Going to hit two big milestones at the end of November.

I will be joining this club solo, as my individual net worth will crack just a hair over $250k

My SO and I's combined net worth will crack just a hair over $300k combined.

Finally feels like we are building momentum!
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on November 22, 2016, 07:37:36 PM
November's not over yet, but felt good to break 400, if only for a moment.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on November 23, 2016, 05:42:02 AM
November's not over yet, but felt good to break 400, if only for a moment.

us too but i dont think we will dip back below given

1. we're still investing and
2. the markets just keep going up.

hit 400k invested on my 30th

plan to hit 500k invested by her 30th. onward and upward.

sitting at 550k total NW today
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on November 30, 2016, 08:42:59 AM
Coming back to update... for end of Nov

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)

NOV: Market made magic happen. I also hit a new low in spending! My spending has been between 4k and 5k a month, Nov is ONLY $2300! This change, if we can keep it up or even keep it around 3k a month, will accelerate this process quite a bit hopefully!

+$109,000 this year so far. 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 in the market) Given 1 month(s) left, and (-9k) more to go, I hit this goal.
Title: Re: Race from 250 to 500k!
Post by: garth on November 30, 2016, 10:36:55 AM
Biggest spending month of the year, with a new dining table, bathtub reglaze and bathroom paint refresh, and some vacation bookings. But, some fun milestones: investments cross $300k for the first time and the last of our high interest student loans were paid off. Need to start thinking about 2017 goals. Bring on December!

Nov 16: $363k
Oct 16: $351k
Jul 16: $330k
Apr 16: $290k
Jan 16: $241k
Dec 15: $256k
Title: Re: Race from 250 to 500k!
Post by: jorjor on December 01, 2016, 01:25:04 PM
Nov 15: $236k
Dec 15: $257k
Jan 16: $259k
Feb 16: $275k
Mar 16: $295k
Apr 16: $305k
May 16: $315k
Jun 16: $320k
Jul 16: $339k
Aug 16: $347k
Sep 16: $352k
Oct 16: $357k
Nov 16: $367k

The growth hasn't been bad. We're expecting to lose the NK part of DINKs in April! We're excited for that, but the big effort of the last month or two is figuring out how to make this number keep going up with a new little one joining us. We've also been getting some of the home improvements done now so we aren't worry about them next year, which has been contributing to higher expenses. Even outside of that, too much spending and we need to do better.
Title: Re: Race from 250 to 500k!
Post by: OurTown on December 01, 2016, 05:24:15 PM
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
Title: Re: Race from 250 to 500k!
Post by: boarder42 on December 02, 2016, 05:52:22 AM
8/1 - 375k
9/1 - 382k
10/1 - 391.5k
11/1 - 390.2k
12/1 - 404k / 550k networth

great month 14k - trump rally!!

hope to hit 500k by my wifes bday end of July. but for longterm i'd rather see the market drop 20-30% this year.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey on December 02, 2016, 06:13:19 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
April 2016: 345K
May 2016: 352K
June 2016: 389K
July 2016: 415K 
August 2016: 478K
September 2016: 457K (began booking a 45K "liability" that I would incur if I wanted to liquidate my condo, which I include in this NW total)
October 2016: 408K

November 2016: 424K

At least I'm back to where I was in July, I guess. It doesn't look like I'll hit 500K in 2016. :(
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on December 02, 2016, 11:07:48 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
April 2016: 345K
May 2016: 352K
June 2016: 389K
July 2016: 415K 
August 2016: 478K
September 2016: 457K (began booking a 45K "liability" that I would incur if I wanted to liquidate my condo, which I include in this NW total)
October 2016: 408K

November 2016: 424K

At least I'm back to where I was in July, I guess. It doesn't look like I'll hit 500K in 2016. :(

But only hardly so, and due to a reason your exposing on yourself. So your in good shape..
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on December 02, 2016, 09:49:02 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

We hit our target for 2016, so we are happy. December will not see much movement.
Title: Re: Race from 250 to 500k!
Post by: OurTown on December 05, 2016, 06:55:45 AM
Nice work everyone.  I think we are on track to hit 500 by then end of 2017.
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on December 05, 2016, 08:19:19 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

Most of that is coming from fund performing well since we haven't been flexing our savings muscles as much lately due to buying a house. Happy that we're still going up even with closing costs and all that jazz. 2017 should be a great year for us!
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on December 06, 2016, 08:03:53 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
Mostly reasonable month. Did purchase Universal Studio tickets, a GoT concert experience, and a lot of board games (Black Friday). December will include costs for new dog and a mattress... but I'll be able to record end-of-quarter investment changes (currently looking so-so.) The (slower than it should be) march to $500k continues.
Title: Re: Race from 250 to 500k!
Post by: OurTown on December 07, 2016, 01:41:02 PM
I'm really jealous about the GoT concert experience!
Title: Re: Race from 250 to 500k!
Post by: kapnfriday on December 09, 2016, 02:18:38 PM
Invested assets since I started tracking:

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

Don't think we'll hit $500k in 2017, but you never know.
Title: Re: Race from 250 to 500k!
Post by: ascZend 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).
Title: Re: Race from 250 to 500k!
Post by: Roadsidetreasurehunter 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.
Title: Re: Race from 250 to 500k!
Post by: OurTown 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.
Title: Re: Race from 250 to 500k!
Post by: boarder42 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

Title: Re: Race from 250 to 500k!
Post by: onlykelsey 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.
Title: Re: Race from 250 to 500k!
Post by: ender on December 23, 2016, 08:07:22 AM
Man, I'm in the wrong industry if you get a $50k bonus haha.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey 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.
Title: Re: Race from 250 to 500k!
Post by: boarder42 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.
Title: Re: Race from 250 to 500k!
Post by: garth 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
Title: Re: Race from 250 to 500k!
Post by: OurTown 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.
Title: Re: Race from 250 to 500k!
Post by: Rife 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
Title: Re: Race from 250 to 500k!
Post by: boarder42 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
Title: Re: Race from 250 to 500k!
Post by: bzzzt 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.
Title: Re: Race from 250 to 500k!
Post by: motiv8ed on December 30, 2016, 04:34:22 AM
Total NW

Nov 2016: $320,000
Dec 2016: $339,117.36
Title: Re: Race from 250 to 500k!
Post by: boarder42 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
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal 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
Title: Re: Race from 250 to 500k!
Post by: OurTown 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

Title: Re: Race from 250 to 500k!
Post by: jorjor 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.
Title: I'm there....
Post by: Libertea 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
Title: Re: I'm there....
Post by: Icecreamarsenal 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.
Title: Re: I'm there....
Post by: MickeyMoustache 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! :)
Title: Re: Race from 250 to 500k!
Post by: Sonos 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

Title: Re: Race from 250 to 500k!
Post by: kapnfriday 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
Title: Re: Race from 250 to 500k!
Post by: neo von retorch 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.
Title: Re: Race from 250 to 500k!
Post by: onlykelsey 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.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne 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!
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 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
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit 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!!
Title: Re: Race from 250 to 500k!
Post by: YoungGranny 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.

Title: Re: Race from 250 to 500k!
Post by: CashFlowTurtle 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.
Title: Re: Race from 250 to 500k!
Post by: skip207 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
Title: Re: Race from 250 to 500k!
Post by: dandypandys 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
Title: Re: Race from 250 to 500k!
Post by: kapnfriday 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? 
Title: Re: Race from 250 to 500k!
Post by: boarder42 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.
Title: Re: Race from 250 to 500k!
Post by: zephyr911 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.
Title: Re: Race from 250 to 500k!
Post by: Ladychips 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!
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 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
Title: Re: Race from 250 to 500k!
Post by: OurTown on January 05, 2017, 09:09:10 AM
My philosophy is, any month net worth goes up is a good month. 
Title: Re: Race from 250 to 500k!
Post by: skcook 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.
Title: Re: Race from 250 to 500k!
Post by: caracarn 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
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on January 13, 2017, 06:41:14 AM
1/1/2017 - $256,000
Title: Re: Race from 250 to 500k!
Post by: MayDay 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.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on January 13, 2017, 09:02:20 AM
1/1/2016 - $256,000

Surely you mean 2017?
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone 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!
Title: Re: Race from 250 to 500k!
Post by: bownyboy 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!
Title: Re: Race from 250 to 500k!
Post by: tyort1 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!
Title: Re: Race from 250 to 500k!
Post by: skip207 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. 
Title: Re: Race from 250 to 500k!
Post by: RWD 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).
Title: Re: Race from 250 to 500k!
Post by: OurTown 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. 
Title: Re: Race from 250 to 500k!
Post by: OurTown 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.
Title: Re: Race from 250 to 500k!
Post by: RWD 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₫!
Title: Re: Race from 250 to 500k!
Post by: OurTown 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!
Title: Re: Race from 250 to 500k!
Post by: bownyboy 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!


Title: Re: Race from 250 to 500k!
Post by: BBub 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!
Title: Re: Race from 250 to 500k!
Post by: BBub 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.
Title: Re: Race from 250 to 500k!
Post by: ahueston 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
Title: Re: Race from 250 to 500k!
Post by: UnleashHell 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..
Title: Re: Race from 250 to 500k!
Post by: garth 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.
Title: Re: Race from 250 to 500k!
Post by: RWD 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.
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone 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)
Title: Re: Race from 250 to 500k!
Post by: garth 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.
Title: Re: Race from 250 to 500k!
Post by: FIreDrill 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! :)
Title: Re: Race from 250 to 500k!
Post by: tyort1 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!
Title: Re: Race from 250 to 500k!
Post by: skip207 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.
Title: Re: Race from 250 to 500k!
Post by: YellowCat 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!
Title: Re: Race from 250 to 500k!
Post by: Rife 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
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit 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!
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN 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).
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne 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.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne 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)
Title: Re: Race from 250 to 500k!
Post by: neo von retorch 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.)
Title: Re: Race from 250 to 500k!
Post by: garth 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
Title: Re: Race from 250 to 500k!
Post by: JJsfr on January 31, 2017, 10:06:21 PM
Hello everybody. Starting here after graduating from the $100k-$250k thread.

Jan 2017  $275k
Title: Re: Race from 250 to 500k!
Post by: boarder42 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. 
Title: Re: Race from 250 to 500k!
Post by: dandypandys 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.
Title: Re: Race from 250 to 500k!
Post by: kapnfriday 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.
Title: Re: Race from 250 to 500k!
Post by: MayDay 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 ;)
Title: Re: Race from 250 to 500k!
Post by: BiscuitsForBreakfast 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!
Title: Re: Race from 250 to 500k!
Post by: RWD 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.
Title: Re: Race from 250 to 500k!
Post by: OurTown on February 02, 2017, 02:32:46 AM
Went back and corrected January's number.

Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on February 02, 2017, 06:09:22 PM
Nice Play, MayDay!
Title: Re: Race from 250 to 500k!
Post by: bownyboy on February 04, 2017, 02:52:53 PM
Evening Everyone!

Its a new month and a big update from me:


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.
Title: Re: Race from 250 to 500k!
Post by: Sonos 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
Title: Re: Race from 250 to 500k!
Post by: jorjor 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).
Title: Re: Race from 250 to 500k!
Post by: skcook 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.
Title: Re: Race from 250 to 500k!
Post by: tightwaddy 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)
Title: Re: Race from 250 to 500k!
Post by: 4n6 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.
Title: Re: Race from 250 to 500k!
Post by: jessicat 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
Title: Re: Race from 250 to 500k!
Post by: tightwaddy 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.
Title: Re: Race from 250 to 500k!
Post by: jessicat on February 15, 2017, 08:04:03 PM
Tightwaddy  I am happy to have someone in a similar situation to watch and cheer on!
Title: Re: Race from 250 to 500k!
Post by: skip207 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
Title: Re: Race from 250 to 500k!
Post by: skip207 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).
 
Title: Re: Race from 250 to 500k!
Post by: Replicated 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
Title: Re: Race from 250 to 500k!
Post by: boarder42 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.
Title: Re: Race from 250 to 500k!
Post by: Enough 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 :)
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit 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.
Title: Re: Race from 250 to 500k!
Post by: garth 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
Title: Re: Race from 250 to 500k!
Post by: boarder42 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.
Title: Re: Race from 250 to 500k!
Post by: FIreDrill 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

Sent from my SM-G935F using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: skcook 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
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on February 28, 2017, 11:59:33 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)
Title: Re: Race from 250 to 500k!
Post by: OurTown on February 28, 2017, 06:39:00 PM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Title: Re: Race from 250 to 500k!
Post by: JJsfr on February 28, 2017, 09:53:02 PM
Hello everybody. Starting here after graduating from the $100k-$250k thread.

Jan 2017  $275k

Feb 2017  $287k

I guess this is where all the numbers start to go up faster? All NW is investment/cash.
Title: Re: Race from 250 to 500k!
Post by: bownyboy on March 01, 2017, 12:06:12 AM
Back for update. Been a good month with 」10.5k increase in investments (including contributions). However some larger out of pocket expenses have lowered the overall increase to 」8.5k.


Nearly at 」400k which is great. Target for 」500k is now Feb 2019.

Good luck everyone!
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on March 01, 2017, 02:56:16 AM
Jan 1: 236,254
Feb 1: 250,055
Mar 1: 262,196
Last couple months have seen great gains. I think about 5k of this is increase in my home value estimate. I include home equity because I still have a large mortgage (more than the value of cash + investments). Also market gains and increased savings rate. Starting to hold more cash now for upcoming expenses so next month might not be as big.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on March 01, 2017, 06:49:00 AM
Hello everybody. Starting here after graduating from the $100k-$250k thread.

Jan 2017  $275k

Feb 2017  $287k

I guess this is where all the numbers start to go up faster? All NW is investment/cash.

it snowballed pretty fast for us.  we were 250k invested around november 2015 ... will hit 500k around the end of this month beginning of next.
Title: Re: Race from 250 to 500k!
Post by: dandypandys on March 01, 2017, 06:55:44 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
Mar 1st: 269k    (4k back in taxes :)
Title: Re: Race from 250 to 500k!
Post by: kapnfriday on March 01, 2017, 07:22:24 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)

Updated with February's numbers.  Our money is starting to work harder than we can - gotta love that.  Investment gains were well above our job earnings even after subtracting our contributions from total gains. 
Title: Re: Race from 250 to 500k!
Post by: jorjor on March 01, 2017, 09:05:20 AM
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
Feb 16: $317k / $448k

My big annual 401k/profit sharing contribution hit my account, hence the bigger than normal jump.
Title: Re: Race from 250 to 500k!
Post by: skip207 on March 01, 2017, 09:21:46 AM

1/1/16 = 」288,240
1/1/17 = 」374,668
1/2/17 = 」388,289
1/3/17 = 」386,895

Paid off the last debts (excl mortgage) from house move 12 months ago.  Considering this was 」11k ish I have done well to limit the loss to a couple of k off the NW.
Target now is to reach and pass 」400k by the end of the year.
Title: Re: Race from 250 to 500k!
Post by: JJsfr on March 01, 2017, 09:43:50 AM
it snowballed pretty fast for us.  we were 250k invested around november 2015 ... will hit 500k around the end of this month beginning of next.

That's encouraging to hear and congrats!
Title: Re: Race from 250 to 500k!
Post by: babystache89 on March 01, 2017, 09:53:58 PM
Excited to finally join this thread! I just closed on my first (non-rental property) house today, so am expecting relatively slow progress next month as I furnish and fix it up, but am pretty pumped nonetheless.

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

Title: Re: Race from 250 to 500k!
Post by: FIreDrill on March 01, 2017, 10:01:45 PM
Excited to finally join this thread! I just closed on my first (non-rental property) house today, so am expecting relatively slow progress next month as I furnish and fix it up, but am pretty pumped nonetheless.

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
Congratulations and welcome!

Sent from my SM-G935F using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: CdnChris on March 02, 2017, 06:56:01 AM
First post in this thread!
March 1st: $271,698.51

Have had a great savings rate for the last year. At the beginning of 2016 we were aiming for 50K in savings for the year, thought an extreme goal was 100K and exceeded that target. Do not think we will be able to repeat this ; lots of work hours last year and family and I need a break. Planning for over $300K net worth by the end of the year (again, what we thought was a stretch target last year).

Happy to be here, and wondering (hoping?) if this is the last thread we are in prior to FIRE.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on March 02, 2017, 08:13:09 AM
First post in this thread!
March 1st: $271,698.51

Have had a great savings rate for the last year. At the beginning of 2016 we were aiming for 50K in savings for the year, thought an extreme goal was 100K and exceeded that target. Do not think we will be able to repeat this ; lots of work hours last year and family and I need a break. Planning for over $300K net worth by the end of the year (again, what we thought was a stretch target last year).

Happy to be here, and wondering (hoping?) if this is the last thread we are in prior to FIRE.
Wow! Great job!

Are you planning on FIRE with less than 500k?

Sent from my SM-G935T using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: neo von retorch on March 02, 2017, 08:36:37 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)
2/28/2017:    $333,939 (+7,909)

(No investment changes tracked this month.)

Quick calculation shows me I'm almost exactly 33% of the way from 250k to 500k :)
Title: Re: Race from 250 to 500k!
Post by: YellowCat on March 02, 2017, 07:26:57 PM
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)
Apr 2016: $356,946 (+$16,207)
May 2016: $370,408 (+$13,462)
June 2016: $377,258 (+$6,850)
July 2016: $397,978 (+$20,720)
August 2016: $403,403 (+$5,425)
January 2017: $444,411 (+$41,008)
February 2017: $466,365 (+$21,954)

It was a crazy month in the market! The February total includes just over $49k in home equity.
Title: Re: Race from 250 to 500k!
Post by: CdnChris on March 03, 2017, 10:19:31 PM
First post in this thread!
March 1st: $271,698.51

Have had a great savings rate for the last year. At the beginning of 2016 we were aiming for 50K in savings for the year, thought an extreme goal was 100K and exceeded that target. Do not think we will be able to repeat this ; lots of work hours last year and family and I need a break. Planning for over $300K net worth by the end of the year (again, what we thought was a stretch target last year).

Happy to be here, and wondering (hoping?) if this is the last thread we are in prior to FIRE.
Wow! Great job!

Are you planning on FIRE with less than 500k?

Sent from my SM-G935T using Tapatalk

No, 500k is the target we set last year. We may not be able to live off the investments alone at that point but it seems to us we would be comfortable with just a minimal amount of work for pay at that point plus the investment income.

Since 2009 we have worked part time (with the exception of this last year) while we home schooled our kids and built our home. We are used to working part time and once our kids are through university plan to have fairly minimal expenses.
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on March 04, 2017, 07:13:45 AM
First post in this thread!
March 1st: $271,698.51

Have had a great savings rate for the last year. At the beginning of 2016 we were aiming for 50K in savings for the year, thought an extreme goal was 100K and exceeded that target. Do not think we will be able to repeat this ; lots of work hours last year and family and I need a break. Planning for over $300K net worth by the end of the year (again, what we thought was a stretch target last year).

Happy to be here, and wondering (hoping?) if this is the last thread we are in prior to FIRE.
Wow! Great job!

Are you planning on FIRE with less than 500k?

Sent from my SM-G935T using Tapatalk

No, 500k is the target we set last year. We may not be able to live off the investments alone at that point but it seems to us we would be comfortable with just a minimal amount of work for pay at that point plus the investment income.

Since 2009 we have worked part time (with the exception of this last year) while we home schooled our kids and built our home. We are used to working part time and once our kids are through university plan to have fairly minimal expenses.
Working part time would be my ideal situation.  Certain types of work bring me happiness but only to a certain extent.  I.E. 20 hours of meaningful work a week brings more happiness than a 40 hour full time gig making more money.

I see myself eventually FIREing into part time work that is fulfilling and maybe even bringing in enough income to live off of so I can then just watch my investments grow.  Who knows.

Sent from my SM-G935F using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: Shelley on March 04, 2017, 05:29:22 PM
I'm joining in. Thought we were in the race to 250k group till my husband double checked his retirement fund and realized it was over $90,000 more than we remembered. Feels like we made a hundred grand overnight! I am including home equity. We will be going up for the next 14 months then will drop back when we pay our horrid end of car lease balloon. Then hopefully we will just go up and up.

March 2017: $331,934.34
Title: Re: Race from 250 to 500k!
Post by: dandypandys on March 04, 2017, 06:10:00 PM
I'm joining in. Thought we were in the race to 250k group till my husband double checked his retirement dfund arnd realized it was over $90,000 more than we remembered. Feels like we made a hundred grand overnight! I am including home equity. We will be going up for the next 14 months then will drop back when we pay our horrid end of car lease balloon. Then hopefully we will just go up and up.

March 2017: $331,934.34
high five! :)
Title: Re: Race from 250 to 500k!
Post by: RWD on March 07, 2017, 10:51:54 AM
12/1/2015 - 248k
6/1/2016 - 301k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1137213/#msg1137213)
10/1/2016 - 352k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1257607/#msg1257607)
11/1/2016 - 353k
12/1/2016 - 368k
1/1/2017 - 380k
2/1/2017 - 391k
3/1/2017 - 412k

At the rate we're going it's looking like we'll hit $500k at the end of the year or early next year.
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on March 08, 2017, 08:32:39 AM
1/1/2017 - $256,000
2/1/2017 - $265,000
3/1/2017 - $278,000

Looks like this month will be flat -_-
Title: Re: Race from 250 to 500k!
Post by: OurTown on March 08, 2017, 10:35:43 AM
Yup, my March may be flat-ish but mostly because we are having some work done on the house.
Title: Re: Race from 250 to 500k!
Post by: babystache89 on March 08, 2017, 07:16:49 PM
I'm furnishing an entire (small) house from scratch (and adding a fence and a deck outside, painting, etc.), so it'll probably be a slightly negative month for me. :/  But yay first house with adult-y furniture! I finally understand the appeal of Pinterest.
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on March 11, 2017, 06:31:20 AM
March update:

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
March 11, 2017: $368,914


Net Worth (Including Home Equity per Zillow)
April 9, 2016:  $619,505
May 6, 2016: $629,924
June 8, 2016: $645,682
July 11, 2016: $687,219
August 8, 2016: $695,238
February 9, 2017: $735,811
March 11, 2017: $745,350
Title: Re: Race from 250 to 500k!
Post by: CdnChris on March 16, 2017, 11:20:19 PM
Hmmm ... got a little confused on the post I made earlier. Those numbers were for January, not February ... I have been slow getting the numbers done at the end of the month and was over a month behind. Regardless, the graph was right, just not the date in the post.


Work hours have finally slowed down, which has been nice.
A significant milestone this month, we are fully invested as far as RRSP's and TFSA's! This means looking at taxable investment accounts very soon, not something I've thought too much about.

Love the post about having more invested than you remembered, like a paid-for lottery win!
Title: Re: Race from 250 to 500k!
Post by: TheFirstMan on March 18, 2017, 05:25:26 AM
I feel like I've found my people!

I'm in the Investable Assets crowd, at 249K as we start 2016.

I will play the tortoise here (or perhaps Eeyore) with a goal of about 4 years from now, in 2020.

Over on the long-term net worth goals thread, I just posted about some of my variables, include pessimistic estimates about spending and income, inflation, and a possible home addition. That's why I'm giving a longer time horizon. If the market is reasonable, and our spending and income are more in my optimistic zone, and we don't do a home addition, the time frame shortens to about 2 years, in 2018.

And that, friends, is motivational. Thanks!

One final thing--some helpful info could be added in here, as we go on this journey together--context like I've shared here, as well as incomes, as those of us who are making 40K shouldn't compare with those making 120K!

I'm married and our combined income in 2015 was 80K. In 2016, it should be close to 120K gross.

Edit 2/18/16: 395K when you add in home equity.

UPDATE MID-2016

Alright, making progress!

Pulled 65K of home equity and still planning on the addition. Currently...

- Cash: 152K (This is high because of the possibility of an addition.)
- Investments: 217K
    - "Investible Assets" (Cash+Investments) 369K (This is up 120K, but 65K was from home equity, so actual increase here in 6 mos is 55K.)

- Home equity 52K
- Total net worth, including equity: 421K (This is up 26K in 5 months.)

- Mortgage: 203K

-Total net worth minus mortgage: 218K

This feels like really great progress, considering VTSAX (as a proxy for the economy) is only up 3.65% YTD.

Needing to update a bit here...we are halfway through an addition, and our income situation changed.

Today:

Cash and liquid accounts: 80K. Of this, home addition and other capital projects are 37K+8K+10K = 55K, leaving 25K actually.

Investments: 293K

Cash + Investments = 318K "investible"

With new savings goal of 5K/month (conservative) and a real rate of return of 3% (also conservative), I estimate...

Future:

01/01/18...365K
01/01/19...436K
01/01/20...509K...so Christmas 2019 is when I plan to graduate from here to the race to a million topic, barring huge market drops (which I expect)
01/01/21...584K
01/01/22...662K
01/01/23...741K
01/01/24...824K
Title: Re: Race from 250 to 500k!
Post by: Rife on March 18, 2017, 04:25:25 PM
Post annual bonus:

Jan 2017: $305,000
Mar 2017: $340,000
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on March 21, 2017, 08:16:37 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

Pretty disappointed with that increase over two months since our returns on investments have been good which means our savings rate has fallen off a bit. We've recently re-committed to increasing our savings rate and I'm ready to watch our net worth grow!

Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on March 21, 2017, 08:42:58 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

Pretty disappointed with that increase over two months since our returns on investments have been good which means our savings rate has fallen off a bit. We've recently re-committed to increasing our savings rate and I'm ready to watch our net worth grow!
Last November you had 328k

Your pushing 370k now. Id say 40k+ in that time zone sounds pretty badass to me!

Sent from my SM-G935T using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: YoungGranny on March 21, 2017, 09:40:32 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

Pretty disappointed with that increase over two months since our returns on investments have been good which means our savings rate has fallen off a bit. We've recently re-committed to increasing our savings rate and I'm ready to watch our net worth grow!
Last November you had 328k

Your pushing 370k now. Id say 40k+ in that time zone sounds pretty badass to me!

Sent from my SM-G935T using Tapatalk

Sorry should have been more specific. More upset about the January to March increase of $9k since I'm reporting later in the month so that's almost 2.5 months which is far lower than our goal savings rate. We've been on a very good track over the past few years but the last 2 months we've fallen off hard. Just trying to get back on the 40k increase train so I can continue to feel like a badass lol
Title: Re: Race from 250 to 500k!
Post by: tyort1 on March 21, 2017, 08:56:08 PM
Today is my birthday, turned 45, AND we just hit $300k in liquid net worth!!  Woot!
Title: Re: Race from 250 to 500k!
Post by: Tjat on March 22, 2017, 06:43:09 PM

Roughly a year later with some better than expected progress, due mainly to stock performance and income.

Invested Assets
10/1/2015: $252K
4/1/2016: $284K
3/1/2017: 381K

Net Worth (w/ Home Equity)
8/1/2014: $250K
4/1/2016: $393K
3/1/2017: 538K
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on March 23, 2017, 05:48:31 AM
Congrats Tjat!
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on March 29, 2017, 07:19:53 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
March 2017 - $333,323

Hoping for $400,000 by December 2017. 401k match, tax return and bonus all helped this 2 month jump.
Title: Re: Race from 250 to 500k!
Post by: OurTown on March 30, 2017, 10:01:07 AM
I may go backwards this month, just dropped 10 grand on home renovations.
Title: Re: Race from 250 to 500k!
Post by: caracarn on March 31, 2017, 06:59:46 AM
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 - $459,043
3/31/2017 - $509,618

Crossed over to the other side about 3/10 and so far have not looked back!  Really amazing how quickly we've moved since 2015.  We've been blessed beyond measure with things that have helped us keep moving forward even through an unexpected job change etc. 

I do keep things in perspective however in that with regards to FIRE a lot of our savings have been for college for the kids and we also have added a lot to savings for upcoming summer vacation in July so we will have a drop then, but hoping to still stay above $500K going forward.  Feels good to be here and now for the next milestone!
Title: Re: Race from 250 to 500k!
Post by: RWD on March 31, 2017, 08:29:27 AM
3/31/2017 - $509,618

Congrats!
Title: Re: Race from 250 to 500k!
Post by: JJsfr on March 31, 2017, 06:36:23 PM

Jan 2017  $275k
Feb 2017  $287k $???

I guess this is where all the numbers start to go up faster? All NW is investment/cash.

Mar 2017 $276k

I discovered that the random bump was mint double counting a shared account I had marked as closed after a recharacterization.

We have a tax bill for the state coming in at $1k this year, $26 only for fed though. Check's in the mail...
Title: Re: Race from 250 to 500k!
Post by: babystache89 on March 31, 2017, 09:00:14 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

First negative month since I've started tracking but I paid property taxes for all of my rental properties, furnished my first house, and attended a couple of weddings abroad, so I'm not too upset about it.

However, attending bachelorette parties and weddings all over the world is destroying my budget - has anyone figured out a way to minimize these expenses (expensive bridesmaid dresses, bride's expensive preferred hotels, bottle service etc. at bachelorette parties) without hurting friends' feelings? Most of my friends have high salaries and know I do also, so I can't really say I can't afford to attend - and, of course, I love my friends and want to be there for them. I guess this is just part of being in your late 20s?
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on April 01, 2017, 07:22:08 AM
Jan 1: 236,254
Feb 1: 250,055
Mar 1: 262,196

April 1: 269,959

Hit 270 yesterday but then something must have cleared. Market growth has slowed but I am maintaining a great savings rate. Got a bunch of dividends at the end of March which helped.

Side gig ends this month but I should keep getting checks through the end of May. Plan is to max my Roth and start on hubby's Roth before this, then savings rate will be much slower for the summer.

I have a bit less than 2k coming in a tax return that will go straight to savings in April.
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on April 01, 2017, 07:24:02 AM
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

First negative month since I've started tracking but I paid property taxes for all of my rental properties, furnished my first house, and attended a couple of weddings abroad, so I'm not too upset about it.

However, attending bachelorette parties and weddings all over the world is destroying my budget - has anyone figured out a way to minimize these expenses (expensive bridesmaid dresses, bride's expensive preferred hotels, bottle service etc. at bachelorette parties) without hurting friends' feelings? Most of my friends have high salaries and know I do also, so I can't really say I can't afford to attend - and, of course, I love my friends and want to be there for them. I guess this is just part of being in your late 20s?

My wife and I went to about a dozen destination weddings in our late 20's. Costa Rica, Mexico, Dominican, Brazil, Manhattan, San Francisco...you name it, we made it there. Despite my current mustachian ways, I don't regret even one of those trips.  You only have so many great friends in your life, enjoy them!

What we did do, however, at the time, is stay at the less pricey hotel, a couple blocks from the beach, or not do every excursion we wanted, or avoid one or two of the super late nights.  These trips usually have a floor cost, but the ceiling is what you want to avoid. Bottle service? You mean take a bottle of tequila to the beach to watch the sunrise? Yup -did that!

JGS
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on April 01, 2017, 07:25:12 AM
Anyone know anyone getting married in Havana? I need an excuse to get down there!
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on April 01, 2017, 07:27:51 AM

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)
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)
April -17   $446,004.04 (+39,424) ---> outside shot of breaking 500K by mid-year!!!

JGS
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on April 01, 2017, 07:39:23 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)
2/28/2017:       $334,870 (+8,840)
3/31/2017:    $350,826 (+15,956)

Quarterly investment changes tracked this month. Over $700 in dividends. Sadly just missed $10k in gains this quarter!
Title: Re: Race from 250 to 500k!
Post by: garth on April 01, 2017, 08:58:06 AM
Brutal month for net worth due to our highest spending ever (why did we buy a house again?). Investments passed $350k for the first time. If we don't get a downturn, I'm still expecting to graduate into the next thread this year. If we make it by Nov 1st, that's nearly 2 years to the day to go from $250k to $500k.

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
Mar 17: $408k
Title: Re: Race from 250 to 500k!
Post by: skip207 on April 01, 2017, 10:25:36 AM
1/1/16 = 」288,240
1/1/17 = 」374,668
1/2/17 = 」388,289
1/3/17 = 」386,895
1/4/17 = 」400,066

Good progress hope it continues!
Title: Re: Race from 250 to 500k!
Post by: jorjor on April 01, 2017, 11:33:11 AM
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

March increase really should have been higher. We got a bit spendy to do a few things we wanted to do since our baby is due at the end of April. Got a mid-year bonus that propped it up.

We're very excited for that! The next couple months may very well be negative though. Hospital bills, then wife is off for a few months on unpaid maternity, and we're replacing windows in the house after putting it off long enough (they are originals from a mid-50s build). We've built up some extra cash ahead of time to deal with those things so not really concerned, but being realistic about net worth growth for the next couple of months.
Title: Re: Race from 250 to 500k!
Post by: babystache89 on April 01, 2017, 08:23:27 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

First negative month since I've started tracking but I paid property taxes for all of my rental properties, furnished my first house, and attended a couple of weddings abroad, so I'm not too upset about it.

However, attending bachelorette parties and weddings all over the world is destroying my budget - has anyone figured out a way to minimize these expenses (expensive bridesmaid dresses, bride's expensive preferred hotels, bottle service etc. at bachelorette parties) without hurting friends' feelings? Most of my friends have high salaries and know I do also, so I can't really say I can't afford to attend - and, of course, I love my friends and want to be there for them. I guess this is just part of being in your late 20s?

My wife and I went to about a dozen destination weddings in our late 20's. Costa Rica, Mexico, Dominican, Brazil, Manhattan, San Francisco...you name it, we made it there. Despite my current mustachian ways, I don't regret even one of those trips.  You only have so many great friends in your life, enjoy them!

What we did do, however, at the time, is stay at the less pricey hotel, a couple blocks from the beach, or not do every excursion we wanted, or avoid one or two of the super late nights.  These trips usually have a floor cost, but the ceiling is what you want to avoid. Bottle service? You mean take a bottle of tequila to the beach to watch the sunrise? Yup -did that!

JGS

That's good to know! Thanks for the advice. :)
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on April 02, 2017, 09:33:59 AM
1/1/2017 - $256,000
2/1/2017 - $265,000
3/1/2017 - $278,000
4/1/2017 - $282,000

SO and I combined, just cracked $349k as well.
Title: Re: Race from 250 to 500k!
Post by: YellowCat on April 03, 2017, 06:51:48 AM
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)
Apr 2016: $356,946 (+$16,207)
May 2016: $370,408 (+$13,462)
Jun 2016: $377,258 (+$6,850)
Jul 2016: $397,978 (+$20,720)
Aug 2016: $403,403 (+$5,425)
Jan 2017: $444,411 (+$41,008)
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)

The March increase isn't as high as I had hoped, but we're getting our bonuses in April so hopefully we'll see a hefty increase this month. Household NW is up ~$48k since December 31, 2016, which is nothing to be ashamed of! I suppose it's somewhat unlikely to assume that trend will hold for the rest of the year, though...
Title: Re: Race from 250 to 500k!
Post by: kapnfriday on April 03, 2017, 11:39:46 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)

We've started paying down the mortgage on the 2nd home and I took out about $4,300 from a taxable account to contribute to that effort, so I figured we'd see a drop this month.  Not bad though considering.



Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on April 03, 2017, 12:17:26 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)

+$48k 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 9 month(s) left, and (52k) more to go, I should hit this goal!

My 401k and both IRAs all maxed.

Wife's 401k needs to be maxed over a 12m period. HSA set to max as well by years end.




Sent from my SM-G935T using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: FIreDrill on April 03, 2017, 02:32:38 PM
Q1 update below.  It was a pretty good couple months, I'm hoping we can keep the momentum going into Q2!


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)


Current:                  $306,936
Title: Re: Race from 250 to 500k!
Post by: OurTown on April 04, 2017, 07:42:51 AM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Apr. 1, 2017 = 479
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on April 04, 2017, 07:46:49 AM
1/1/2017 - $256,000
2/1/2017 - $265,000
3/1/2017 - $278,000
4/1/2017 - $282,000

SO and I combined, just cracked $349k as well.

The race is on, man!
Title: Re: Race from 250 to 500k!
Post by: dandypandys on April 04, 2017, 09:56:19 AM

 2015- 2016
Spoiler: show

    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
Mar 1st: 269k    (4k back in taxes :)
April 1st: 273k
[/quote]
Title: Re: Race from 250 to 500k!
Post by: RWD on April 04, 2017, 11:08:12 AM
Graph of everyone's progress in one messy line chart:
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on April 04, 2017, 11:37:05 AM
Nice graph RWD!

Sent from my SM-G935F using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: RWD on April 04, 2017, 12:01:42 PM
Nice graph RWD!

Thanks! It took longer than I expected/hoped to go through all 12 pages of this thread.

I left out users that only posted one number. And I offset users that started above $250k (by one month per $10k).
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on April 04, 2017, 12:44:39 PM
Nice graph RWD!

Thanks! It took longer than I expected/hoped to go through all 12 pages of this thread.

I left out users that only posted one number. And I offset users that started above $250k (by one month per $10k).

Nice work!   It's nice to see that my trajectory is on par with other mustachians. :)
Title: Re: Race from 250 to 500k!
Post by: OurTown on April 04, 2017, 02:22:28 PM
Awesome graph.  Everyone is on a rapid upward trajectory.
Title: Re: Race from 250 to 500k!
Post by: boarder42 on April 04, 2017, 03:02:42 PM
pretty sure i'm there just waiting on my company share price to report which will be next wednesday and effective jan 1.  so when that happens we'll be good to go
Title: Re: Race from 250 to 500k!
Post by: RWD on April 05, 2017, 11:19:19 AM
Just playing around with statistics...

The average increase for users in this thread is $10,165/month with a standard deviation of $5,529. The users that started between $240k and $260k that have broken $500k have averaged 22.8 months in this race. Minimum time was 14 months (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1362620/#msg1362620).
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on April 05, 2017, 11:47:54 AM
Just playing around with statistics...

The average increase for users in this thread is $10,165/month with a standard deviation of $5,529. The users that started between $240k and $260k that have broken $500k have averaged 22.8 months in this race. Minimum time was 14 months (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1362620/#msg1362620).

Damn, what a badass group!
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on April 05, 2017, 11:53:43 AM
Just playing around with statistics...

The average increase for users in this thread is $10,165/month with a standard deviation of $5,529. The users that started between $240k and $260k that have broken $500k have averaged 22.8 months in this race. Minimum time was 14 months (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1362620/#msg1362620).

Interesting! So far I'm 14 months in, averaging $6,862/month, or ~36 month rate to hit 250k. Not the leader of the pack :-P
Title: Re: Race from 250 to 500k!
Post by: RWD on April 05, 2017, 12:10:22 PM
Just playing around with statistics...

The average increase for users in this thread is $10,165/month with a standard deviation of $5,529. The users that started between $240k and $260k that have broken $500k have averaged 22.8 months in this race. Minimum time was 14 months (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1362620/#msg1362620).

Interesting! So far I'm 14 months in, averaging $6,862/month, or ~36 month rate to hit 250k. Not the leader of the pack :-P

According to my spreadsheet your rate is ranked 37th out of 55 users. Though there are a few users with only a couple data points that might be skewing the data a bit.
Title: Re: Race from 250 to 500k!
Post by: CdnChris on April 05, 2017, 12:50:32 PM

Awesome graph showing everybody's progress, would love to hit 500k in two years.
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on April 05, 2017, 01:38:59 PM
Graph of everyone's progress in one messy line chart:

So is that RWD that is second in the badassity graph? Thanks for the graph, it's very enjoyable to grog.

Who's first (is that Baby Stache or the Turtle?)

My "differentiation of various tones of blue ability" is a bit limited, but I think I'm 7th or 8th from the left. I think this is a good thing.

JGS
Title: Re: Race from 250 to 500k!
Post by: RWD on April 05, 2017, 02:09:11 PM
Graph of everyone's progress in one messy line chart:

So is that RWD that is second in the badassity graph? Thanks for the graph, it's very enjoyable to grog.

Who's first (is that Baby Stache or the Turtle?)

My "differentiation of various tones of blue ability" is a bit limited, but I think I'm 7th or 8th from the left. I think this is a good thing.

JGS

The colors are hard to distinguish. The blue line that shoots straight up is Libertea. The first green line is CashFlowTurtle. The orange line that crosses over Libertea a couple times is bkmnky72. The grey line that takes a sudden nose dive and then jump again to break $500k is onlykelsey. There are a few lines there that are sort of overlapped: mint green line is boarder42, blue line hidden behind that is jorjor, orange line to the left of that is our topic creator BBub, and the yellow line is skcook. The pale green line ending around $400k to the left of that is Replicated.

JustGettingStarted1980, I think you are correct. The dark blue line that crosses the grey line (onlykelsey) at the end and stops just short of a dark orange line.

The current fastest user is MickeyMoustache, at $22k/month (five month sample size). Dark blue line that shoots up past $500k in the middle of the graph. That line would likely be further to the left if all the data was available starting at $250k (since I assumed $10k/month for my offset).
Title: Re: Race from 250 to 500k!
Post by: dandypandys on April 05, 2017, 02:32:17 PM
Is the graph from the spreadsheet? I've been forgetting to update it. Can someone post the link again?
Title: Re: Race from 250 to 500k!
Post by: OurTown on April 05, 2017, 02:42:55 PM
Everyone is a winner in this race.
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on April 05, 2017, 03:12:55 PM
Everyone is a winner in this race.

I agree completely, notice that no one's line goes down!!!
Title: Re: Race from 250 to 500k!
Post by: OurTown on April 05, 2017, 03:28:35 PM
Taking a look at my progress, I think I might reduce my "number."  I was planning on $1.2, but I'm pretty sure we can have an extravagant lifestyle on $950k, which I can hit in six years or maybe even sooner.   
Title: Re: Race from 250 to 500k!
Post by: RWD on April 05, 2017, 03:39:12 PM
Damn, what a badass group!
Everyone is a winner in this race.

Agreed!


Is the graph from the spreadsheet? I've been forgetting to update it. Can someone post the link again?

I made my own spreadsheet by going through all 12 pages of posts. I didn't notice a group spreadsheet, though I might have missed it.
Title: Re: Race from 250 to 500k!
Post by: dandypandys on April 05, 2017, 03:42:47 PM
Damn, what a badass group!
Everyone is a winner in this race.

Agreed!


Is the graph from the spreadsheet? I've been forgetting to update it. Can someone post the link again?

I made my own spreadsheet by going through all 12 pages of posts. I didn't notice a group spreadsheet, though I might have missed it.
Maybe I am imagining one lol.
Anyway, well done.. very cool.
Title: Re: Race from 250 to 500k!
Post by: bownyboy on April 05, 2017, 03:59:30 PM
A slight slower month for us this month, but more importantly we broke through the 」400k barrier! 
I've been tracking the figures in google docs for a couple of years now so have attached a graph here.
Title: Re: Race from 250 to 500k!
Post by: skcook on April 08, 2017, 06:43:54 AM
Update:

Apr 2017 - $441k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k

Feeling more sanguine about our ability to reach the $500k mark sooner than later (stretch goal is later this year if the market cooperates) - I only have 3 weeks left to go with my maternity leave, and we have managed to get through this time without much trouble, thanks to freelance work and decreased spending.
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on April 17, 2017, 04:43:57 AM
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
March 11, 2017: $368,914
April 16, 2017: $379,833

Net Worth (Including Home Equity per Zillow)
April 9, 2016:  $619,505
May 6, 2016: $629,924
June 8, 2016: $645,682
July 11, 2016: $687,219
August 8, 2016: $695,238
February 9, 2017: $735,811
March 11, 2017: $745,350
April 16, 2017: $761,104
Title: Re: Race from 250 to 500k!
Post by: Rowellen on April 19, 2017, 06:47:45 AM
I'm new to MMM and have only just added up my numbers. I'm in complete shock to realise I'm already in this range. I'm also slightly annoyed that I didn't find this earlier because I reckon I could have already retired :/. So many mistakes.

Anyway my numbers are (me, hubby, 2 kids in primary school):

Jan 2017 $368k
Feb 2017 $390k includes 20k windfall from an inheritance.
Mar 2017 $396k
Apr 2017 $398k

I kind of felt like we had nothing as very little if that is accessible.
Super 70k not accessible until age 60
Home equity 202k
Rental property equity 95k. Will be sold soon and proceeds used to reduce mortgage and make a contribution to super to reduce the tax on the capital gain.
The rest is in a mortgage offset account for emergencies. This is much higher than normal as we have paid the maximum of our mortgage allowed without penalty until the end of next year.

Well done everyone on some awesome numbers. You are all very inspiring. Thank you.
Title: Re: Race from 250 to 500k!
Post by: eddie on April 20, 2017, 07:00:30 PM
Last April is when my wife and I really got on the same page financially and started writing down goals, got aggressive paying off debt, and much more intentional with our budgeting. We're doing Dave Ramsey plan with a few exceptions.  We still contribute 14-15% to retirement, we still carry 2 credit cards that we rarely use, but both have substantial miles/points on them (We had a baby last year and haven't been able to use the airline miles/hotel points.)  and I'd give us a 7 out of 10 on the intensity scale.  We still get food from restaurants a few times a week and don't have as minimalist of a life as a lot of people on here.

We got our rental unit paid off last year, the car paid off last month, and my wife's grad school will be paid off this year.  That will only leave the mortgage.

Date  Net Worth                               Change
5-16   $324,500
6-16   $332,000                              $7,500
7-16   $339,500                              $7,500
8-16   $356,500                              $17,000
9-16   $360,000                              $3,500 (paid about $6k in baby related medical this month)
10-16 $371,300                              $11,300
11-16 $380,000                              $8,700
12-16 $400,000                              $20,000
1-17   $414,500                              $14,500
2-17   $427,000                              $12,500
3-17   $449,400                              $22,400
4-17   $457,500                              $8,100
Title: Re: Race from 250 to 500k!
Post by: Ladychips on April 23, 2017, 05:46:56 PM
1/17 - $352,398
5/17 - $378,770

Yes, I fudged a little on the date, but I put in numbers when I can (I mean to do it quarterly).  I'm also still trying to figure out how to quote something more than a page back.  Oh well...onward and upward!



Title: Re: Race from 250 to 500k!
Post by: ahueston on April 24, 2017, 12:07:18 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

updating balance. up to $386,704 invested. Had our tax return and a work bonus in the first quarter. We ended up getting a pretty big tax return, so we have changed our withholding, and that allowed us to change our 401(k)/429(b) to go up to 15% each.
Title: Re: Race from 250 to 500k!
Post by: rjbf65 on April 24, 2017, 01:48:08 PM
I'll join the party.  I'll track both Invested and Total NW.  Part of invested is from public school retirement.  It only shows our contributions to it and not the matching portion. 

April 24, 2017  Invested --$146,357   NW--$263,556
Title: Re: Race from 250 to 500k!
Post by: boarder42 on April 24, 2017, 01:50:23 PM
well i'm pretty sure we've hit 500k invested but i want to post up the pretty Personal capital picture but My company ESOP is down til friday so hopefully the markets at least stay flat to up so i can post that fun chart. and graduate to the 1MM thread.
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on April 27, 2017, 08:53:42 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

Hoping for $400,000 by December 2017. Steadily onward.
Title: Re: Race from 250 to 500k!
Post by: facepalm on April 28, 2017, 07:40:49 AM
Moving over from the 100--250K thread.

Savings rate is appx. 80%. Net worth includes my pension contributions that can be rolled over to an IRA at separation from employment. I'm making max contributions to a 403(b), 457(b), and a Roth IRA. Will be opening an HSA once I switch plans at work. No home equity.

Hoping things pick up a little at this point. My goal is to get to 300K by the end of the year, and 500K in 3 more years (or less).

Apr-17 255,873

Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on April 28, 2017, 12:37:55 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)

+$59k 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 8 month(s) left, and (41k) more to go, I should hit this goal!

My 401k and both IRAs all maxed.

Wife's 401k needs to be maxed over a 12m period. HSA set to max as well by years end.


Sent from my SM-G935T using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: retireatbirth on April 28, 2017, 08:08:16 PM
New guy here just graduated from the last thread

April 28,2017: $253,000
Title: Re: Race from 250 to 500k!
Post by: JJsfr on April 28, 2017, 09:41:44 PM


Jan 2017  $275k
Feb 2017  $287k $???
Mar 2017 $276k

Apr 2017 $282k

Despite a $1k state tax bill and an expensive April, still pleased to see such an increase.


Title: Re: Race from 250 to 500k!
Post by: dandypandys on April 29, 2017, 05:51:59 AM


2017
Jan 1st: 252k
Feb 1st: 257k
Mar 1st: 269k    (4k back in taxes :)
April 1st: 273k
May 1st: $287,634.81 Net Worth 10k jump is our condo on zillow. It is now only 40k less than what i bought it for in 2005.
[/quote]
Title: Re: Race from 250 to 500k!
Post by: garth on April 29, 2017, 05:55:55 AM
Hit $420k just after 4/20.

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
Mar 17: $408k
Apr 17 $421k
Title: Re: Race from 250 to 500k!
Post by: boarder42 on April 29, 2017, 10:18:49 AM
Officially moving on to the race to million. 514k/666k invested/total nw
Title: Re: Race from 250 to 500k!
Post by: erae on April 29, 2017, 10:30:23 AM
@boarder42 congrats!

Jumping in - we track investments over NW b/c our debt is minimal at at 0% interest.  Today, we're at $342k invested. We're aiming to hit 500k by June of 2019 and are tracking a bit ahead of schedule due to a lump sum severance that has allowed us to seriously bump up our contributions for this first part of 2017, but also means we're down one income for awhile.
Title: Re: Race from 250 to 500k!
Post by: facepalm on April 29, 2017, 10:44:24 AM
I'll join the party.  I'll track both Invested and Total NW.  Part of invested is from public school retirement.  It only shows our contributions to it and not the matching portion. 

April 24, 2017  Invested --$146,357   NW--$263,556
Looks good! I did the same thing with my pension.
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on April 29, 2017, 04:15:49 PM
Officially moving on to the race to million. 514k/666k invested/total nw
Congrats! See you over there in a couple years.  By that time you will probably move on to the 1-2M thread though. Lol

Sent from my SM-G935F using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: tyort1 on April 29, 2017, 08:45:54 PM
Last 90 days, holy cow it grew a lot!

(http://i2.photobucket.com/albums/y10/tyort1/8d42b3e9-e3da-42c5-9aa4-da43c9d41317.png)
Title: Re: Race from 250 to 500k!
Post by: boarder42 on April 30, 2017, 04:18:46 AM
Officially moving on to the race to million. 514k/666k invested/total nw
Congrats! See you over there in a couple years.  By that time you will probably move on to the 1-2M thread though. Lol

Sent from my SM-G935F using Tapatalk
Thanks. 

Projections say 3 years til 1MM. A bit slower climb that this one.
Title: Re: Race from 250 to 500k!
Post by: YellowCat on April 30, 2017, 08:52:34 AM
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)
Apr 2016: $356,946 (+$16,207)
May 2016: $370,408 (+$13,462)
Jun 2016: $377,258 (+$6,850)
Jul 2016: $397,978 (+$20,720)
Aug 2016: $403,403 (+$5,425)
Jan 2017: $444,411 (+$41,008)
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)

Holy NW increase, Batman! Thanks to work bonuses and a roaring market we find ourselves right at the cusp of the $500k-$1M NW thread! Household NW is up ~$71k since December 31, 2016. It's amazing how quickly it's increasing - yay momentum!
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on April 30, 2017, 11:03:01 AM
Nice job YellowCat!
Title: Re: Race from 250 to 500k!
Post by: 4n6 on April 30, 2017, 11:30:21 AM
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.

I guess it is time to update. As of this morning, I am at 286k. Hope to hit 325k by the end of the year and 500k by the end of 2019. Onward and upward.
Title: Re: Race from 250 to 500k!
Post by: OurTown on April 30, 2017, 01:01:31 PM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Apr. 1, 2017 = 479
May 1, 2017 = 492
Title: Re: Race from 250 to 500k!
Post by: Rowellen on April 30, 2017, 05:10:18 PM

Jan 2017 $368k
Feb 2017 $390k includes 20k windfall from an inheritance.
Mar 2017 $396k
Apr 2017 $398k
May 2017 $404k
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on May 01, 2017, 03:11:01 AM


Jan 1: 236,254
Feb 1: 250,055
Mar 1: 262,196
April 1: 269,959

May 1: 282,665

$5643 of my gain was money I already had, just wasn't tracking. It was in an old CD that finally reached the maturity date, so I can make it get to work. Even without it, I am well on track to meet my goal of 300 by the end of the year. Everyone here is making remarkable progress.

Title: Re: Race from 250 to 500k!
Post by: skip207 on May 01, 2017, 06:34:06 AM
1/1/16 = 」288,240
1/1/17 = 」374,668
1/2/17 = 」388,289
1/3/17 = 」386,895
1/4/17 = 」400,066
1/5/17 = 」411,208

Pushing as hard as I can at the moment.  Had a few extra costs this month which did not help.
Next month Q2 property price update should help the numbers.
Title: Re: Race from 250 to 500k!
Post by: jorjor on May 01, 2017, 09:51:16 AM
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

Windows got replaced, so that was expensive and tempered the increase that could have been. Baby comes this month! Savings will drop with that, so I'll get to hang out with y'all here a while longer.
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on May 01, 2017, 10:24:48 AM
Start of Q2 was ridiculous.  Got a small windfall from an insurance settlement.  Nothing huge but it was a nice bump to our April savings which had us up nearly 17k this month. 


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)


Current:                  $323,726
Title: Re: Race from 250 to 500k!
Post by: BiscuitsForBreakfast on May 01, 2017, 07:50:16 PM
5/2016:   270,841
.
.
.
9/2016:   293,421
10/2016: 300,718
11/2016: 306,352
12/2016: 305,872
1/2017:   314,799
2/2017:   324,743
3/2017:   330,735
4/2017:   335,398

Cash and invested only. Just got a paltry annual raise ($80/monthly post-tax) and upped the VTSAX monthly auto-buy by $100.
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on May 02, 2017, 08:13:19 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)
2/28/2017:       $334,870 (+8,840)
3/31/2017:       $350,826 (+15,956)
4/30/2017:    $353,693 (+2,867)
Title: Re: Race from 250 to 500k!
Post by: skcook on May 02, 2017, 12:24:13 PM
Monthly update:

May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on May 02, 2017, 12:27:47 PM
1/1/2017 - $256,000
2/1/2017 - $265,000
3/1/2017 - $278,000
4/1/2017 - $282,000

SO and I combined, just cracked $349k as well.

The race is on, man!

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

Combined with SO - $355,000
Title: Re: Race from 250 to 500k!
Post by: kapnfriday on May 03, 2017, 09:31:22 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)

Back to moving in the right direction.  Feels good. 
Title: Re: Race from 250 to 500k!
Post by: CdnChris on May 04, 2017, 08:31:19 AM

Not as much work this month, and putting money aside for university expenses for children.
Title: Re: Race from 250 to 500k!
Post by: bownyboy on May 05, 2017, 01:13:21 AM
A flat line month this month, despite regular contributions our pensions and ISAs all took a dip. Hopefully back over 」400k next month!
 

(http://i.imgur.com/jpI2IcJ.png)
Title: Re: Race from 250 to 500k!
Post by: RWD on May 05, 2017, 07:36:40 AM
A flat line month this month, despite regular contributions our pensions and ISAs all took a dip. Hopefully back over 」400k next month!
 
  • Jan 2017 - 」346,854
  • Feb 2017 - 」388,581
  • Mar 2017 - 」396,119
  • Apr 2017 - 」401,345
  • May 2017 - 」399,619

You're actually up 2.7% compared to last month in USD, thanks to the change in exchange rate.
Title: Re: Race from 250 to 500k!
Post by: babystache89 on May 07, 2017, 08:22:49 AM

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

I'm still spending a *ton* of money on furnishing and renovating the new house and on bachelorettes/weddings (all temporary expenses), so I'm pretty shocked to see that I'm still making progress. It seems like after you reach 250k money just magically keeps appearing lol
Title: Re: Race from 250 to 500k!
Post by: tyort1 on May 07, 2017, 01:24:15 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

I'm still spending a *ton* of money on furnishing and renovating the new house and on bachelorettes/weddings (all temporary expenses), so I'm pretty shocked to see that I'm still making progress. It seems like after you reach 250k money just magically keeps appearing lol

I've noticed this too!  I can save (myself) about $35k per year.   I also have a stache of $310k.  So if if the market goes up 10% annually, that's $31k that it adds all by itself.  That's almost more than I can contributed even with aggressive savings! 

Of course, when you add those 2 together (savings plus gains), that's when things really amp up.
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on May 10, 2017, 05:29:16 AM
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
March 11, 2017: $368,914
April 16, 2017: $379,833
May 10, 2017: $390,728
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on May 10, 2017, 09:18:33 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
12/16: 397k
01/17: 320k
02/17: 327k
Including primary residence home investment property equity from now on, as I'm a bit confused on whether it's best (for my mindset and FIRE calcs) to keep track of equity in rental properties, but this'll do.
03/17: 423k
Title: Re: Race from 250 to 500k!
Post by: BBub on May 16, 2017, 07:47:43 AM
why not try doing 250 to 500 in quicker time than you did 100 to 250?
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!

Done!  Didn't hit the 16 month challenge marty threw down, but I managed to pull it off in 19 months. Not too shabby.

May 2017: $502k

Ok, well, I guess we're off to $1M now... and beyond!
Title: Re: Race from 250 to 500k!
Post by: OurTown on May 16, 2017, 01:21:09 PM
The OP has finished.  *** FIREWORKS ***
Title: Re: Race from 250 to 500k!
Post by: tyort1 on May 16, 2017, 01:50:11 PM
why not try doing 250 to 500 in quicker time than you did 100 to 250?
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!

Done!  Didn't hit the 16 month challenge marty threw down, but I managed to pull it off in 19 months. Not too shabby.

May 2017: $502k

Ok, well, I guess we're off to $1M now... and beyond!

NICE!!!!!!!!!!!!!!!!
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on May 17, 2017, 10:48:41 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

Seems like we're really starting to pick up steam. We've gotten our savings rate back up to where we want it - doing a 60 day frugal 'detox' really helped with this. We took 60 days where we really watched our spending, didn't go out to eat at all etc and I've noticed our habits lately are just much better again. If we keep this up we might see $410k before our first anniversary which would be +100k gain in our first year of marriage, I'd be super happy with that =D

Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on May 17, 2017, 02:53:36 PM
Way to go BBUB!!! Hope all is well with the little one at home. Congratulations on making it to the next race.

JGS
Title: Re: Race from 250 to 500k!
Post by: BBub on May 17, 2017, 04:20:21 PM
Thanks JGS!  All is well with the little one.  He's fat & happy at 4 months.  And thanks to all for the congrats on $500k (although I'll certainly be back in the $400's after today's market results!).  But the momentum is in the right direction & a downturn will just allow me DCA in at lower prices.  Milestones are fun, but they kind of just come & go... until the big one, I suspect.  Not to burst anyone's bubble, but by the time you claw your way past $100, 200, etc, getting to $500 doesn't create any new sensation (if it's not your FI #). Maybe that's not true for all... It may just coincide with where you are on your journey.  I remember being more impacted by $100, then $250 & even $300.  $500 just seemed kind of inevitable.  But don't get me wrong, I do look forward to getting to $750 then $1M & beyond.  Those are still important goals.  But I've stepped back from obsessive tracking & tried to focus more on enjoying life.  After all, they really are just numbers in a computer.  Once the money is basically automated there's no need to lose out on experiencing life while tracking the numbers constantly!  That's just a little window into my current mindset, anyway.
Title: Re: Race from 250 to 500k!
Post by: Sweet_Flips on May 20, 2017, 05:55:21 PM
I decided to join the race!

02/2017--$258,181.90
03/2017--$266,011.19
04/2017--$273,921.39
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on May 27, 2017, 10:03:15 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

Hoping for $400,000 by December 2017. Steadily onward.
Title: Re: Race from 250 to 500k!
Post by: msmarieh on May 29, 2017, 10:12:49 AM
I'm in on this challenge! :)

$321K net worth today, including home equity

May take me a while, but that's ok. I'll get there eventually.
Title: Re: Race from 250 to 500k!
Post by: Sweet_Flips on May 29, 2017, 04:29:28 PM
UPDATED

02/2017--$258,181.90
03/2017--$266,011.19
04/2017--$273,921.39
05/2017--$279,950.03
Title: Re: Race from 250 to 500k!
Post by: facepalm on May 31, 2017, 04:20:05 AM
Apr-17  255,873
May-17 263,835

Which is a 3.1% increase. At this rate, I should be able to make it to 300K before the end of the year.

Title: Re: Race from 250 to 500k!
Post by: OurTown on May 31, 2017, 05:41:03 AM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Apr. 1, 2017 = 479
May 1, 2017 = 492
June 1, 2017 = 500

The spreadsheet says $500,774.08. 

Title: Re: Race from 250 to 500k!
Post by: RWD on May 31, 2017, 06:39:29 AM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Apr. 1, 2017 = 479
May 1, 2017 = 492
June 1, 2017 = 500

The spreadsheet says $500,774.08.

Congrats! You had an average of a $7k increase per month for the last 17 months.
Title: Re: Race from 250 to 500k!
Post by: Rowellen on May 31, 2017, 06:54:25 AM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Apr. 1, 2017 = 479
May 1, 2017 = 492
June 1, 2017 = 500

The spreadsheet says $500,774.08.

Congratulations! Well done!
Title: Re: Race from 250 to 500k!
Post by: JJsfr on May 31, 2017, 07:14:23 AM

Jan 2017  $275k
Feb 2017  $287k $???
Mar 2017 $276k
Apr 2017 $282k

May 2017 $287k

Up and up...!
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on May 31, 2017, 07:58:18 AM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Apr. 1, 2017 = 479
May 1, 2017 = 492
June 1, 2017 = 500

The spreadsheet says $500,774.08.

Way to go OurTown, congratulations!
Title: Re: Race from 250 to 500k!
Post by: msmarieh on May 31, 2017, 08:03:11 AM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Apr. 1, 2017 = 479
May 1, 2017 = 492
June 1, 2017 = 500

The spreadsheet says $500,774.08.

Woo hoo!!!! Well done!
Title: Re: Race from 250 to 500k!
Post by: garth on May 31, 2017, 08:29:31 AM
Congrats Ourtown! According to my spreadsheet, $500k is possible by the end of September.

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
Mar 17: $408k
Apr 17: $421k
May 17: $431k
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on May 31, 2017, 11:10:08 AM
Still trending upward.  This month was a little slower but we still had a nearly 5k increase.  Spending will probably continue to be above normal for now since we are taking on some home repair/improvements at the time.

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)


Current:                  $328,388
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on May 31, 2017, 11:12:00 AM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Apr. 1, 2017 = 479
May 1, 2017 = 492
June 1, 2017 = 500

The spreadsheet says $500,774.08.

Congrats!
Title: Re: Race from 250 to 500k!
Post by: bownyboy on May 31, 2017, 04:06:21 PM
Back on track this month with a nice healthy gain of +」11.5k to break back through th 」400k barrier:


(https://docs.google.com/spreadsheets/d/1xU3MOhPQqW769xnDr_2QPmfjgOk7f-8zFbwvDF5cjYc/pubchart?oid=1341538852&format=image)

Forecast is to reach 」440k by December 2017 and 」500k by December 2018.
Title: Re: Race from 250 to 500k!
Post by: Rowellen on May 31, 2017, 04:18:45 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
Not a bad increase considering our share portfolio dropped  $4k. DH had a lot of extra work last month.
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on June 01, 2017, 07:19:05 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)
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)

A slow, dull march right now.
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on June 01, 2017, 07:40:09 AM



Jan 1: 236,254
Feb 1: 250,055
Mar 1: 262,196
April 1: 269,959
May 1: 282,665
June 1: 284,827

$5,500 went to fund hubby's Roth IRA, so my savings rate is nowhere near as bad as it looks. I am tracking his assets separately for the purpose of this "race". Both Roths are now fully funded and my last teaching paycheck went into taxable Vanguard. My income will be about $2000/month less during the summer (unless I work overtime, which I don't really want to do) but I am still hoping to have positive change in net worth.
Title: Re: Race from 250 to 500k!
Post by: rjbf65 on June 01, 2017, 11:08:41 AM
I'll join the party.  I'll track both Invested and Total NW.  Part of invested is from public school retirement.  It only shows our contributions to it and not the matching portion. 

April 24, 2017  Invested --$146,357   NW--$263,556

Plan is to update the 1st of every month now. 

May 1, 2017  Invested --$147,575     NW --$267,242
June 1, 2017 Invested --$152,388     NW---$272,257
Title: Re: Race from 250 to 500k!
Post by: skip207 on June 01, 2017, 01:17:51 PM
1/1/16 = 」288,240
1/1/17 = 」374,668
1/2/17 = 」388,289
1/3/17 = 」386,895
1/4/17 = 」400,066
1/5/17 = 」411,208
1/6/17 = 」421,032

Steady but upwards - overall happy. 
Title: Re: Race from 250 to 500k!
Post by: YellowCat on June 01, 2017, 04:08:20 PM
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)
Apr 2016: $356,946 (+$16,207)
May 2016: $370,408 (+$13,462)
Jun 2016: $377,258 (+$6,850)
Jul 2016: $397,978 (+$20,720)
Aug 2016: $403,403 (+$5,425)
Jan 2017: $444,411 (+$41,008)
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)

And...we're done! We're out! Moving on up! Time to go and join the next thread...Best of luck to you all!
Title: Re: Race from 250 to 500k!
Post by: Rowellen on June 01, 2017, 05:48:18 PM
Congrats YellowCat!
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on June 01, 2017, 06:13:16 PM
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

Combined with SO - $355,000

6/1/2017 - $304,000

Combined with SO - 374,000
Title: Re: Race from 250 to 500k!
Post by: RWD on June 02, 2017, 07:35:06 AM
And...we're done! We're out! Moving on up! Time to go and join the next thread...Best of luck to you all!
Congrats!
Title: Re: Race from 250 to 500k!
Post by: facepalm on June 02, 2017, 07:45:18 AM
Jan. 1, 2017 = 461
Feb. 1, 2017 = 471
Mar. 1, 2017 = 482
Apr. 1, 2017 = 479
May 1, 2017 = 492
June 1, 2017 = 500

The spreadsheet says $500,774.08.
That is awesome!
Title: Re: Race from 250 to 500k!
Post by: skcook on June 03, 2017, 03:27:26 PM
Jun 2017 - $479k
May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k

Big jump this month mostly due to another conservative increase in home valuation.

Feeling optimistic about reaching the $500k mark before the end of the summer!
Title: Re: Race from 250 to 500k!
Post by: dandypandys on June 04, 2017, 03:22:37 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
Title: Re: Race from 250 to 500k!
Post by: Ladychips on June 04, 2017, 08:38:33 AM
1/17 - $352,398
5/17 - $378,770
6/17 - $401,823

Wow, almost $20,000 in growth.  What a month!
Title: Re: Race from 250 to 500k!
Post by: Zamboni on June 05, 2017, 05:04:12 AM
Just noticed that I broke the $500K mark for cash/stocks/bonds last week. This is not counting property value or my sweetie's stash. Yay!

Good job, everyone. Keep it going!
Title: Re: Race from 250 to 500k!
Post by: RWD on June 05, 2017, 08:28:34 AM
Wow, almost $20,000 in growth.  What a month!
Almost? That looks like a full $23k to me.
Title: Re: Race from 250 to 500k!
Post by: Ladychips on June 05, 2017, 06:53:29 PM
Wow, almost $20,000 in growth.  What a month!
Almost? That looks like a full $23k to me.

Yes, but $4000 was contribution...the rest is market growth!
Title: Re: Race from 250 to 500k!
Post by: RWD on June 06, 2017, 07:20:01 AM
Wow, almost $20,000 in growth.  What a month!

Almost? That looks like a full $23k to me.

Yes, but $4000 was contribution...the rest is market growth!

Ohhhhh, I understand now. That is crazy!
Title: Re: Race from 250 to 500k!
Post by: jorjor on June 06, 2017, 12:19:29 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 17: $289k / $419k
Feb 17: $317k / $448k
Mar 17: $328k / $460k
Apr 17: $334k / $470k
May 17: $346k / $483k
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on June 06, 2017, 06:30:03 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)

+$68k 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 7 month(s) left, and (32k) more to go, I should hit this goal!

My 401k and both IRAs all maxed.

Wife's 401k needs to be maxed over a 12m period. HSA set to max as well by years end.


NOTE: Smallest gain this year yet, but we spent a week and a half in Tokyo UNPAID! Worth it! Another week off in June now!
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on June 07, 2017, 06:13:07 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
Trying to get better at updating this monthly again. Last time I mentioned I'd like to see $410 by October since that would represent a $100k gain in our first year of marriage - we'll get there with our savings rate by September so pending no market crash we'll hit it :)

Setting a stretch goal to hit $500k one year from today, so 6/2018.....that's crazy to even think about and I'm super excited!! If you would have told me 5 years ago when I was just graduating from college that I'd be a year away from having a net worth of a half million dollars (or even a quarter of a million since my stache includes my DH assets) I would have laughed in your face and pointed to my student loans. Proof that the mustachian lifestyle works :)

Title: Re: Race from 250 to 500k!
Post by: CdnChris on June 12, 2017, 03:59:11 PM
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on June 13, 2017, 06:12:06 PM
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
Title: Re: Race from 250 to 500k!
Post by: SDH on June 14, 2017, 09:25:51 PM
So you guys include all net worth? ( I see some are and some aren't, but for those of you who are including all assets)  How will you decide when you can quit working for "the man"?  We are up to a little over 700K total net worth (2 rentals, 401K and IRAs)  None of which we can "eat", if you will....and we can't really pull money out of ( i know about the 72t but I wouldn't feel we have enough money to start pulling that out this early as we are in mid 40's)
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on June 15, 2017, 06:25:19 AM
So you guys include all net worth? ( I see some are and some aren't, but for those of you who are including all assets)  How will you decide when you can quit working for "the man"?  We are up to a little over 700K total net worth (2 rentals, 401K and IRAs)  None of which we can "eat", if you will....and we can't really pull money out of ( i know about the 72t but I wouldn't feel we have enough money to start pulling that out this early as we are in mid 40's)

See the sticky thread about Roth conversion ladders; I think it is under "taxes". Rental income is different (provided you are going to keep the units): instead of a 4% SWR, you figure out your yearly income after expenses and subtract from the amount of investment income you need
Title: Re: Race from 250 to 500k!
Post by: RWD on June 15, 2017, 08:05:53 AM
  • February 1st: $271,698.51
  • March 1st: $298,326.11
  • April 1st: $307,087.83
  • May 1st: $321,801.45

Do you mean June 1st is ~$322k? Your post from last month said May 1st was ~$312k.
Title: Re: Race from 250 to 500k!
Post by: skip207 on June 15, 2017, 02:20:39 PM
So you guys include all net worth? ( I see some are and some aren't, but for those of you who are including all assets)  How will you decide when you can quit working for "the man"?  We are up to a little over 700K total net worth (2 rentals, 401K and IRAs)  None of which we can "eat", if you will....and we can't really pull money out of ( i know about the 72t but I wouldn't feel we have enough money to start pulling that out this early as we are in mid 40's)

That's why pensions are not really very good for our situation, they are difficult / impossible to access at a young age.  Most people work on investments outside pensions and use that for their income pre actual state retirement age.  I still have a pension but its more of a backup plan tbh.  I think if you FIRE at a young age, say 40, then any unspent income would be well invested in a pension, esp in UK where I am due to tax advantage.  but pre FIRE not maybe the best solution.
Title: Re: Race from 250 to 500k!
Post by: SDH on June 15, 2017, 02:33:17 PM
So you guys include all net worth? ( I see some are and some aren't, but for those of you who are including all assets)  How will you decide when you can quit working for "the man"?  We are up to a little over 700K total net worth (2 rentals, 401K and IRAs)  None of which we can "eat", if you will....and we can't really pull money out of ( i know about the 72t but I wouldn't feel we have enough money to start pulling that out this early as we are in mid 40's)

See the sticky thread about Roth conversion ladders; I think it is under "taxes". Rental income is different (provided you are going to keep the units): instead of a 4% SWR, you figure out your yearly income after expenses and subtract from the amount of investment income you need


I did look at that and I"m still struggling to understand it better to get clear if it's even a real possibility, which I don't think its, but also, to understand where we are tax planning wise.  I wish there was someone I could sit down with....that wasn't trying to sell me something!  ha  I may ask my tax lady that does our taxes (whom I should probably fire and save the money!)
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on June 15, 2017, 02:56:45 PM
SDH

While you would preferably have some taxable brokerage accounts and/or Roth accounts to prepare you for the early stages of early retirement, rental income is definitely a source of "food". Additionally - you can take withdrawals from a 401k when you're 55. And... you can withdraw from an IRA at any time. Yes - you'll pay taxes and a penalty. But depending on your exact situation, there may be times it's actually worth it. See the MadFientist article (http://www.madfientist.com/how-to-access-retirement-funds-early/) discussing the issue.

In the meantime, see if you can max out retirement funds and start to build up a Roth IRA and/or brokerage account as you march towards financial independence!
Title: Re: Race from 250 to 500k!
Post by: Res Ipsa on June 25, 2017, 06:38:06 PM
Just found this thread. 
Will "count" investments/cash rather than net worth, since the only difference is my home equity (which I don't plan to cash in upon achieving FIRE):
June 1, 2017: $349,328
Title: Re: Race from 250 to 500k!
Post by: jessicat on June 27, 2017, 03:40:16 PM
I haven't updated in a few months.  Life has gotten a bit crazy.  My dh has had a job change and we have moved.  So we will be in a mortgage for a couple of years again.  But it has the house and land that we love.


February 2017-359k
June 2017-411k
Title: Re: Race from 250 to 500k!
Post by: Rife on June 27, 2017, 09:55:18 PM
Post annual bonus:

Jan 2017: $305,000
Mar 2017: $340,000

June 2017: $368,000

I survived a layoff scare recently by transferring to a different part of the company, so we continue the steady march forward.
Title: Re: Race from 250 to 500k!
Post by: skip207 on June 28, 2017, 05:20:16 AM
I have a feeling its not going to be a good month for me.  Had a quick early peek at the numbers last night and its not looking great.  Ah well, there is always next month.

UK economy seems to be on a go slow at the moment..
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on June 28, 2017, 07:42:27 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

Combined with SO - $374,000

7/1/2017 - $307,000 (predicted due to travel)

Combined with SO - $379,000
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on June 28, 2017, 08:55:39 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

Hoping for $400,000 by December 2017. It has been a good month - we paid off the house. Steadily onward.
Title: Re: Race from 250 to 500k!
Post by: Sweet_Flips on June 28, 2017, 12:37:18 PM
UPDATED!

02/2017--$258,181.90
03/2017--$266,011.19
04/2017--$273,921.39
05/2017--$279,950.03
06/2017--$283,579.43

Steady progress...
Title: Re: Race from 250 to 500k!
Post by: kapnfriday on June 29, 2017, 07:37:16 AM
Looks like I never updated for May so doing now:

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)

Still moving in the right direction.  Should have an update for June this weekend.
Title: Re: Race from 250 to 500k!
Post by: Ladychips on June 29, 2017, 06:37:07 PM
1/17 - $352,398
5/17 - $378,770
6/17 - $401,823
7/17 - $415,874

Crazy, crazy growth.  Ride it as long as it lasts, I suppose...
Title: Re: Race from 250 to 500k!
Post by: babystache89 on June 30, 2017, 07:38:49 AM
Total NW (including home equity, rental property equity, stocks, etc.):

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
Title: Re: Race from 250 to 500k!
Post by: garth on June 30, 2017, 08:03:22 AM
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
Mar 17: $408k
Apr 17: $421k
May 17: $431k
Jun 17: $450k
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on June 30, 2017, 08:48:08 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
Jan - 2017 $358.7k
Feb - 2017 - $367.2
Mar - 2017 - $382.2
May - 2017-$395.0k


June - 2017- $405.2k

Broke $400k! Seems like each $100k gets easier; trying to add the next $100k in 1 year or less from today. It truly is amazing how your attitude can determine your savings. For example I still don't feel or act "rich" (like almost everyone on this forum) so it would probably surprise people I know IRL to know my net worth. After all, I'm still that crazy girl that bikes to work half the time to save a few bucks and refuses to buy coffee at the office because it's $2. Firmly convinced millionaires are made by making all of these small compromises to save money - can't wait to prove my theory correct in 5 years or so :)


Title: Re: Race from 250 to 500k!
Post by: skip207 on June 30, 2017, 12:44:39 PM
1/1/16 = 」288,240
1/1/17 = 」374,668
1/2/17 = 」388,289
1/3/17 = 」386,895
1/4/17 = 」400,066
1/5/17 = 」411,208
1/6/17 = 」421,032
1/7/17 = 」425,821
Title: Re: Race from 250 to 500k!
Post by: SubL stache on June 30, 2017, 12:46:38 PM
Broke into 250k NW this month (including home equity)

Net Worth / Investments:

Nov 16: 209,474 / 70,759
Dec 16: 216,673 / 76,479
Jan 17: 221,289 / 85,166
Feb 17: 228,432 / 92,088
Mar 17: 231,849 / 97,278
Apr 17: 237,479 / 99,905
May 17: 243,016 / 104,750
Jun 17: 250,949 / 109,434

Title: Re: Race from 250 to 500k!
Post by: garth on June 30, 2017, 01:18:11 PM
Broke into 250k NW this month (including home equity)

Net Worth / Investments:

Nov 16: 209,474 / 70,759
Dec 16: 216,673 / 76,479
Jan 17: 221,289 / 85,166
Feb 17: 228,432 / 92,088
Mar 17: 231,849 / 97,278
Apr 17: 237,479 / 99,905
May 17: 243,016 / 104,750
Jun 17: 250,949 / 109,434

Congratulations!
Title: Re: Race from 250 to 500k!
Post by: bownyboy on June 30, 2017, 03:20:50 PM
Ouch! First fall in a while, last week has not been good.


Title: Re: Race from 250 to 500k!
Post by: facepalm on June 30, 2017, 10:33:27 PM
Apr-17  255,873
May-17 263,835
Jun-17  268,100

Due to the oddities in how I am paid, I receive my June check in June, and my July check in June. So my increase only consists of the two checks, and not contributions to retirement accounts. I'll save that for the July period. Once I have a few more months under my belt I'll make a new graph too.

Still aiming for 300K by end of the year.
Title: Re: Race from 250 to 500k!
Post by: Rowellen on June 30, 2017, 11:19:15 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
Title: Re: Race from 250 to 500k!
Post by: skip207 on July 01, 2017, 02:17:01 AM
http://www.msn.com/en-gb/money/news/uk-saving-ratio-falls-to-record-low-as-squeeze-takes-toll/ar-BBDurnR?li=AA54rU&ocid=spartandhp

Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on July 01, 2017, 07:32:10 AM



Jan 1: 236,254
Feb 1: 250,055
Mar 1: 262,196
April 1: 269,959
May 1: 282,665
June 1: 284,827


July 1: 292,037
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on July 01, 2017, 08:55:41 AM
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)
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)
April -17   $446,004.04 (+39,424)
July-17     $496,327.00 (+50,322) ........ so...... close....... one .... more ....month ......

Added news, we just had a Baby Girl!!! Healthy, fat, and happy.

Wife is threatening to return to work full time after her 3 months are up.  This is good for us financially as she would be more satisfied professionally and escape "Mommy Fog" as well as make a great FT income (with wonderful benefits) and accelerate our retirement staching, but this would occur at the cost of increased stress at work and home for both of us as we do the Dual Income with Kids daily juggling act. We will see...

JGS
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on July 01, 2017, 09:24:43 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)
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)

Freelance, selling my truck and dividends/investment gains more than made up for replacing my wife's car, vet bills, cutting down a tree and an otherwise expensive month.
Title: Re: Race from 250 to 500k!
Post by: Res Ipsa on July 02, 2017, 08:37:54 PM
June 1, 2017: $349,328
July 1, 2017: $362,675 (largely investment gains)
Title: Re: Race from 250 to 500k!
Post by: JJsfr on July 03, 2017, 07:36:59 AM

Jan 2017  $275k
Feb 2017  $287k $???
Mar 2017 $276k
Apr 2017 $282k
May 2017 $287k

Jun 2017 $290k
Title: Re: Race from 250 to 500k!
Post by: jpeizie on July 03, 2017, 12:03:37 PM
Just crossed $250k in June, so I'm in! Found MMM in mid-2015 and started tracking our finances in Dec of that year...

Dec 2015: $177k

Jun 2016: $210k (crossed $200k mark for the first time)

Jun 2017: $251k
Title: Re: Race from 250 to 500k!
Post by: dandypandys on July 04, 2017, 05:13:56 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
Title: Re: Race from 250 to 500k!
Post by: Icecreamarsenal on July 04, 2017, 09:05:14 AM
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
12/16: 397k
01/17: 320k
02/17: 327k
03/17: 423k
06/17: 525k

Leverage plays with real estate a la wealthy accountant and mmm seem to be the way to go.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on July 04, 2017, 11:12:25 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)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 June:449k(+13k)

+$81k 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 6 month(s) left, and (19k) more to go, I should hit this goal!

401k and both IRAs all maxed.

NOTE: May, June and July are all poor months, I had a job change and nearly 3 weeks off of unpaid vacations! I think I still did pretty well! Things will get churning again at regular speed by the time the AUG update rolls around.
Title: Re: Race from 250 to 500k!
Post by: skcook on July 04, 2017, 01:47:51 PM
July 2017 - $483k
Jun 2017 - $479k
May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k
Title: Re: Race from 250 to 500k!
Post by: bridget on July 04, 2017, 02:05:19 PM
Joining late to the game!

2017 progress:

Jan 17: $287k
Feb 17: $301k (partially accounted for by 2016 bonus)
Mar 17: $304k
April 17: $316k
May 17: $322k
June 17: $326k

Automatic savings of $1500/month in my 401(k), and usually deposit $3-4k into Vanguard per month, right after my paychecks hit.  I could probably stand to increase that.
Title: Re: Race from 250 to 500k!
Post by: Guava on July 05, 2017, 06:44:08 AM
Hey everyone! I crossed the mark in May and decided to join this thread for continued motivation. Thinking I will probably be here for awhile.

June 2017: $257k
May 2016: $251k
Title: Re: Race from 250 to 500k!
Post by: Ladychips on July 05, 2017, 05:23:55 PM
Welcome!
Title: Re: Race from 250 to 500k!
Post by: Bateaux on July 07, 2017, 01:49:55 AM
Absolutely love the numbers I'm seeing here.  You can feel the positive energy rising.  I'm currently in the Race to 2M club and pumped for the Race to 3M.  You're all coming soon.  What you're doing now is all that's needed to to keep going.  It actually gets easier.
Title: Re: Race from 250 to 500k!
Post by: cantgrowone on July 07, 2017, 08:19:26 AM
Our month to month increase in numbers aren't as impressive as others here. We save 64% of income. Below includes our unchanging home valuation of $215k.

With a baby in our future we need all fingers crossed to hit $500k by the end of 2018. All things considered, not bad for 2x 29 year olds maybe.

1/1/2017   $344,362.45
2/1/2017   $347,032.21
3/1/2017   $350,233.21
4/1/2017   $357,725.55
5/1/2017   $360,458.57
6/1/2017   $376,115.15
7/1/2017   $381,944.58
Title: Re: Race from 250 to 500k!
Post by: rjbf65 on July 07, 2017, 09:47:33 AM
May 1, 2017  Invested --$147,575     NW --$267,242
June 1, 2017 Invested --$152,388     NW---$272,257
July 1, 2017  Invested --$155,744     NW---$277,103
Title: Re: Race from 250 to 500k!
Post by: ender on July 07, 2017, 10:19:22 AM
Huh after taking a break from the forums I guess we're solidly in this race now even if you exclude home equity.

ONWARDS AND UPWARDS as they say.
Title: Re: Race from 250 to 500k!
Post by: Guava on July 07, 2017, 04:07:54 PM
Absolutely love the numbers I'm seeing here.  You can feel the positive energy rising.  I'm currently in the Race to 2M club and pumped for the Race to 3M.  You're all coming soon.  What you're doing now is all that's needed to to keep going.  It actually gets easier.

This is so encouraging. Thanks for posting!!

Yes!
Title: Re: Race from 250 to 500k!
Post by: Rowellen on July 07, 2017, 04:21:52 PM
Absolutely love the numbers I'm seeing here.  You can feel the positive energy rising.  I'm currently in the Race to 2M club and pumped for the Race to 3M.  You're all coming soon.  What you're doing now is all that's needed to to keep going.  It actually gets easier.

Thanks for the encouragement. I find seeing the numbers written down very motivating.
Title: Re: Race from 250 to 500k!
Post by: Sailor Sam on July 07, 2017, 04:39:53 PM
I keep losing track of this thread. It never occured to me to post inside the gauntlet. Clearly an application of dumbassness. So, here are the numbers!

1-Jan-2011:  $82,795     (29 years old)
1-Jan-2012:  $106,303
1-Jan-2013:  $147,328   (found MMM mid-2013)
1-Jan-2014:  $212,595   (slow conversion to a fully MMM-ite)
1-Jan-2015:  $264,308   (first year maxing 401k)
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

I've always been a saver. Before MMM I felt pretty smug pushing 15% into 401k and maxing my IRA, paying cash for a fancypants car, and squirreling away money for a house downpayment. I can't fully remember, but I think I found MMM while googling "am I saving too much money!?" Savor the irony of that, if you will.

I'm not sure RE is for me, but finding this community has made FI a reality. At this point, barring black swans, I could coast to $1m at traditional retirement age. Or keep pushing, and have a great nest egg to pass to the next generation. Whoop!
Title: Re: Race from 250 to 500k!
Post by: retireatbirth on July 07, 2017, 05:19:35 PM
New guy here just graduated from the last thread

April 28,2017: $253,000

July 7, 2017: $266,000
Title: Re: Race from 250 to 500k!
Post by: RWD on July 08, 2017, 08:27:33 AM
12/1/2015 - 248k
6/1/2016 - 301k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1137213/#msg1137213)
10/1/2016 - 352k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1257607/#msg1257607)
3/1/2017 - 412k (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1464649/#msg1464649)
4/1/2017 - 422k
5/1/2017 - 434k
6/1/2017 - 444k
7/1/2017 - 453k

Just one more $50k chunk to go!
Title: Re: Race from 250 to 500k!
Post by: 250kto1million on July 08, 2017, 05:37:24 PM
I guess by default I'm jumping on this bandwagon.

As of today (7/8/17) I'm at: $262,562
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on July 11, 2017, 08:21:11 AM
Riding somewhere around $410K ATM, pretty good pace.

May not hit $500K before we go into PT mode, at which point we'll slow dramatically, but we'll see.
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on July 11, 2017, 12:35:11 PM
Q2 was good to us and we are up just over 25k this quarter.  However, I'm expecting that Q3 will be a tough one.  We have some unexpected expenses that have come up.  I'm not even sure where we will be in a year.  We have talked about calling it quits and taking some time to relax and enjoy life for a little bit, who knows.  Recent events have really gotten us thinking about what we want to do with our lives.


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)

Current:                  $332,258
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on July 12, 2017, 03:57:07 PM
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
Title: Re: Race from 250 to 500k!
Post by: kapnfriday on July 14, 2017, 09:32:40 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)

Steady as she goes.  In other news, our net worth has increased by more than $113k in less than a year.  This is from investment gains and our efforts to pay off the mortgage on our 2nd home.  A year ago I wouldn't have thought a gain like this possible.  Of course I realize it could go the other way too. 
Title: Re: Race from 250 to 500k!
Post by: 4n6 on July 16, 2017, 08:40:07 AM
As of this morning, we finally passed 300k on personal capital. The truth is it might actually be a little higher estimating jewelry and different items in our house (e.g. my wife's wedding set, my wedding ring, etc). I can't wait to get to 400k...should be there in the next year.
Title: Re: Race from 250 to 500k!
Post by: facepalm on July 16, 2017, 10:53:48 AM
I keep losing track of this thread. It never occured to me to post inside the gauntlet. Clearly an application of dumbassness. So, here are the numbers!

1-Jan-2011:  $82,795     (29 years old)
1-Jan-2012:  $106,303
1-Jan-2013:  $147,328   (found MMM mid-2013)
1-Jan-2014:  $212,595   (slow conversion to a fully MMM-ite)
1-Jan-2015:  $264,308   (first year maxing 401k)
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

I've always been a saver. Before MMM I felt pretty smug pushing 15% into 401k and maxing my IRA, paying cash for a fancypants car, and squirreling away money for a house downpayment. I can't fully remember, but I think I found MMM while googling "am I saving too much money!?" Savor the irony of that, if you will.

I'm not sure RE is for me, but finding this community has made FI a reality. At this point, barring black swans, I could coast to $1m at traditional retirement age. Or keep pushing, and have a great nest egg to pass to the next generation. Whoop!

Good Work! I'm in the same boat, don't know that I will actually want to retire early, but nice to know you can do it if things change.
Title: Re: Race from 250 to 500k!
Post by: CdnChris on July 17, 2017, 07:07:29 AM

Net worth down this month.
We had a positive savings rate this month (+3k)  but stock investments went down a bit.
Hopefully, better next month.

 
Title: Re: Race from 250 to 500k!
Post by: tomorrowsomewherenew on July 23, 2017, 05:41:46 AM
We're almost to $500k, but I'm going to join anyway.

NW: $456k, Invested: $434k

We should get up to a $500k net worth in the first part of next year, assuming nothing overly exciting happens in the stock market.
Title: Re: Race from 250 to 500k!
Post by: bridget on July 23, 2017, 06:14:13 PM
Joining late to the game!

2017 progress:

Jan 17: $287k
Feb 17: $301k (partially accounted for by 2016 bonus)
Mar 17: $304k
April 17: $316k
May 17: $322k
June 17: $326k

Automatic savings of $1500/month in my 401(k), and usually deposit $3-4k into Vanguard per month, right after my paychecks hit.  I could probably stand to increase that.

I spent the afternoon creating a much-too-detailed spreadsheet, projecting all expenses and investable assets into January 2019 (my foreordained date at which I can quit my biglaw job and do something more chill).  If I'm good at controlling spending and the market doesn't do anything particularly crazy, I'll cross the $500k line in September 2018
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on July 26, 2017, 01:19:18 PM





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

It's crazy how when you just stay the course you start seeing major gains. I remember putting my first $1k in a mutual fund and it took me a whole summer of working 2 jobs busting my butt to save that (oh to be 18 again). This month I saw a $20k gain between high savings rate and investment gains...that's INSANE! Not every month will be this good (likely very few will be) but exciting months like this help keep me motivated :)
Title: Re: Race from 250 to 500k!
Post by: zephyr911 on July 27, 2017, 10:53:03 AM
Well, I did a long-overdue review of startup #1's rental portfolio and my $21K stake is now worth at least $35K, maybe $37K (I would have guessed 25-30K). Its seller-financed loans have such rapid amortization (high principal payments) that it basically has $0 monthly cash flow, but (flipside) we're paying off thousands in principal each month. My share alone is building almost $800 in equity each month, and there are some early signs of appreciation in our transitional target area that could dramatically increase total returns.

Between that and overall portfolio returns, we're a bit over $440K, which is a nice bump since my last review. Also pretty happy to tell DW that $34K of that is in her name, after only a couple of years in the workforce at a comparably lower wage and probably $20K in contributions.

(FTR, I would prefer to think of it all as one pile, but she worries about not contributing enough so I like to do this as an affirmative thing)
Title: Re: Race from 250 to 500k!
Post by: t5inside on July 28, 2017, 08:02:11 AM
I crossed over to 250k back in December, and just hit 300k two days after my 30th birthday :)

Nov-16   $218,918.00
Dec-16   $227,348.00
Jan-17   $240,836.00
Feb-17  $253,503.00
Mar-17  $264,843.00
Apr-17  $270,247.00
May-17 $278,439.00
Jun-17  $288,034.00
Jul-17   $301,501.00
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on July 28, 2017, 09:19:20 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

Hoping for $400,000 by December 2017. Steadily onward.
Title: Re: Race from 250 to 500k!
Post by: facepalm on July 30, 2017, 10:11:31 AM
Apr-17   255,873
May-17  263,835
Jun-17   268,100
Jul-17    273,100

I won't see a check this month so I expect my August number to be a bit low. Still plan on making it to 300K by the end of the year. Happy that my net worth has increased by 17K in the last four months.

Visited family in Idaho and managed to fuel up only 4 times (I'm in CA) for a cost of $120. Gas is super cheap once you remove yourself from the CA Bay Area. Found out later I could have probably flown Allegiant for $200 and then done away with the hotel rooms. Curses!
Title: Re: Race from 250 to 500k!
Post by: Ladychips on July 30, 2017, 01:59:19 PM
1/17 - $352,398
5/17 - $378,770
6/17 - $401,823
7/17 - $425,070

Such exciting growth, although it makes me want to quit my job.  Have five more years though...
Title: Re: Race from 250 to 500k!
Post by: garth on July 30, 2017, 04:33:49 PM
Tempting fate by posting before market close Monday, but I think we'll close out July at about $480k. My income drops back to normal levels for the rest of the year, so I'm targeting $500k by Sept 30th. Looking forward to the underwhelming feeling that people seem to report when hitting big milestones.

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
Mar 17: $408k
Apr 17: $421k
May 17: $431k
Jun 17: $450k
Jul 17: $480k
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on July 30, 2017, 06:31:41 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)
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)
April -17   $446,004.04 (+39,424)
July-17     $496,327.00 (+50,322) ........ so...... close....... one .... more ....month ......

Added news, we just had a Baby Girl!!! Healthy, fat, and happy.

Wife is threatening to return to work full time after her 3 months are up.  This is good for us financially as she would be more satisfied professionally and escape "Mommy Fog" as well as make a great FT income (with wonderful benefits) and accelerate our retirement staching, but this would occur at the cost of increased stress at work and home for both of us as we do the Dual Income with Kids daily juggling act. We will see...

JGS

Aug-17 $508,958.72 (+12,631.72)

Race Over! It's been 19 months since I started.  Avg monthly NW gain was around $13,200/month.

Off to the next race. Thanks for all the support folks! The encouragement and viewpoints on MMM Forum as well as this thread have been invaluable. Most importantly for this thread is that it keeps me focused on achievable step-by-step goals, as opposed to on some mythical goal 6-10 years in my future.
Title: Re: Race from 250 to 500k!
Post by: Ladychips on July 30, 2017, 07:03:05 PM

Off to the next race.

Congratulations!  Save us some room over there... we'll be along as soon as we can...
Title: Re: Race from 250 to 500k!
Post by: Rowellen on July 30, 2017, 08:50:36 PM
Congrats JustGettingStarted1980. That is some impressive numbers.
Title: Re: Race from 250 to 500k!
Post by: skip207 on July 31, 2017, 02:28:13 AM
Well done!! Almost forgot its the end of the month!
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on July 31, 2017, 06:40:14 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

$386,000 combined with SO.
Title: Re: Race from 250 to 500k!
Post by: Sweet_Flips on July 31, 2017, 08:10:30 AM
UPDATED!

02/2017--$258,181.90
03/2017--$266,011.19
04/2017--$273,921.39
05/2017--$279,950.03
06/2017--$283,579.43
07/2017--$290,723.87

Sneaking up on that $300K mark...
Title: Re: Race from 250 to 500k!
Post by: Sailor Sam on July 31, 2017, 09:56:35 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

Nice!
Title: Re: Race from 250 to 500k!
Post by: jpeizie on July 31, 2017, 11:06:06 AM
Just crossed $250k in June, so I'm in! Found MMM in mid-2015 and started tracking our finances in Dec of that year...

Dec 2015: $177k

Jun 2016: $210k (crossed $200k mark for the first time)

Jun 2017: $251k

July 2017: $256k
Title: Re: Race from 250 to 500k!
Post by: skip207 on July 31, 2017, 12:08:16 PM
1/1/16 = 」288,240
1/1/17 = 」374,668
1/2/17 = 」388,289
1/3/17 = 」386,895
1/4/17 = 」400,066
1/5/17 = 」411,208
1/6/17 = 」421,032
1/7/17 = 」425,821
1/8/17 = 」434,537

Under 70k to go now.
Title: Re: Race from 250 to 500k!
Post by: JJsfr on July 31, 2017, 03:57:26 PM
Jan 2017  $275k
Feb 2017  $287k $???
Mar 2017 $276k
Apr 2017 $282k
May 2017 $287k
Jun 2017 $290k

Jul 2017 $304k

I'm surprised at the jump. A windfall was about half that. I'm thinking investment gains were the rest as the last month has been a wash with increased spending offsetting normal monthly savings account.
Title: Re: Race from 250 to 500k!
Post by: Res Ipsa on July 31, 2017, 07:16:32 PM
June 1, 2017: $349,328
July 1, 2017: $362,675
Aug. 1, 2017: $373,748
Title: Re: Race from 250 to 500k!
Post by: Rowellen on August 01, 2017, 05:10:00 AM
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
Title: Re: Race from 250 to 500k!
Post by: Guava on August 01, 2017, 06:28:42 AM
July 2017: $264k
June 2017: $257k
May 2017: $251k
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on August 01, 2017, 08:05:26 AM
2017
Jan 1: 236,254
Feb 1: 250,055
Mar 1: 262,196
April 1: 269,959
May 1: 282,665
June 1: 284,827
July 1: 292,037

August 1: 293,168

Decided to use the original purchase price instead of the Zillow estimate for home value, so this brought me down about a month's progress (or my previous totals were falsely inflated). My investments went up about 5k, and the paycheck I received this morning helped put me over last month's total.


Title: Re: Race from 250 to 500k!
Post by: kapnfriday on August 01, 2017, 11:47:18 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!)

July was a good month.  Could we graduate from this thread by year end?  Doubt it, but we will hopefully be there in early 2018.   
Title: Re: Race from 250 to 500k!
Post by: skcook on August 01, 2017, 12:55:04 PM
Update: gah, so close!

Aug 2017 - $497k
July 2017 - $483k
Jun 2017 - $479k
May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k
Title: Re: Race from 250 to 500k!
Post by: FIreDrill on August 01, 2017, 12:56:46 PM
Still going strong, doesn't feel like we've been doing as good as the numbers say.  I'll take it though :)


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)

Current:                  $342,952          (+10,694)
Title: Re: Race from 250 to 500k!
Post by: jorjor on August 01, 2017, 05:27:44 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 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

Baby is here! We have high deductible insurance so plenty of doctors bills to pay, and wife was off unpaid for 12 weeks, and went back yesterday, so obviously some slow growth. August should be a nice bump if the market cooperates. Wife back to work, hit our OOP max so no more medical bills, and mid-year bonus comes in August. Home prices on our block suggest that I'm undervaluing the house, but I want to remain conservative there.
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on August 02, 2017, 06:31:44 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)
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)

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!
Title: Re: Race from 250 to 500k!
Post by: Res Ipsa on August 02, 2017, 02:23:27 PM
Congrats JustGettingStarted1980!  I'll miss seeing your posts in this thread, but hope to join you in the next one in 12-18 months (assuming you haven't hit $1 mill by then).  And it looks like SKCook will be joining you soon--so early congrats there as well.

 




Title: Re: Race from 250 to 500k!
Post by: damnedbee on August 02, 2017, 03:16:31 PM
Investments:

July 2017:  271K
Aug 2017:  273K
Sep 2017:  279K
Oct 2017:  287K
Nov 2017: 292K
Dec 2017:  298K
Jan 2018:  311K
Feb 2018: 303K
Mar 2018: 298K
May 2018: 310K
July 2018: 317K
Aug 2018: 326K
Sept 2018: 329K
Oct 2018: 310K
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on August 02, 2017, 07:07:14 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 June:449k(+13k)
2017 July:464k(+15k)

+$96k 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 5 month(s) left, and (4k) more to go, I should hit this goal!

401k and both IRAs all maxed.
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer 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.
Title: Re: Race from 250 to 500k!
Post by: kaypinkHH 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)

Title: Re: Race from 250 to 500k!
Post by: tyort1 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. 
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone 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!
Title: Re: Race from 250 to 500k!
Post by: CdnChris on August 07, 2017, 01:11:45 PM

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.
Title: Re: Race from 250 to 500k!
Post by: dandypandys 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..
Title: Re: Race from 250 to 500k!
Post by: gmdv 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
Title: Re: Race from 250 to 500k!
Post by: tightwaddy 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.
Title: Re: Race from 250 to 500k!
Post by: tyort1 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!
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on August 30, 2017, 07:12:36 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 (Well this will not work - bad month i guess!)

Hoping for $400,000 by December 2017. Steadily onward.
Title: Re: Race from 250 to 500k!
Post by: RWD on August 30, 2017, 07:42:29 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 (Well this will not work - bad month i guess!)

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

Yeah, darn. You only saved ~$5k last month. And $100k+ over the last year. Looks like good progress to me.
Title: Re: Race from 250 to 500k!
Post by: chasingthegoodlife on August 30, 2017, 04:01:52 PM
I want to join this race but I'm nervous about posting my numbers on the internet.

Did anyone else feel this way? How did you convince yourself?
Title: Re: Race from 250 to 500k!
Post by: martyconlonontherun on August 30, 2017, 04:12:48 PM
I want to join this race but I'm nervous about posting my numbers on the internet.

Did anyone else feel this way? How did you convince yourself?

Did you give off any identifying information in this thread or your sign up? I really don't know how someone could attack you by just knowing a NW and having zero way of knowing whether that is tied to specific assets or accounts. I would be way more concerned with using google docs, excel or mint to track my networth as account information is posted.
Title: Re: Race from 250 to 500k!
Post by: jpeizie on August 31, 2017, 10:53:25 AM
Just crossed $250k in June, so I'm in! Found MMM in mid-2015 and started tracking our finances in Dec of that year...

Dec 2015: $177k

Jun 2016: $210k (crossed $200k mark for the first time)

Jun 2017: $251k

July 2017: $256k

August 2017: $261k. Woohoo!
Title: Re: Race from 250 to 500k!
Post by: skip207 on August 31, 2017, 01:44:17 PM
1/1/16 = 」288,240
1/1/17 = 」374,668
1/2/17 = 」388,289
1/3/17 = 」386,895
1/4/17 = 」400,066
1/5/17 = 」411,208
1/6/17 = 」421,032
1/7/17 = 」425,821
1/8/17 = 」434,537
1/9/17 = 」441,247
Title: Re: Race from 250 to 500k!
Post by: garth on August 31, 2017, 01:58:03 PM
Getting closer. Our $150k increase in the last year just seems unreal.

Spouse and I both made moves to increase future income this month. She negotiated a 10% raise that starts Sept 1 and I picked up an online course that will bring in $15-$20k per year. Once I get my lectures recorded, the course will run mostly passively, so that's exciting.

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
Mar 17: $408k
Apr 17: $421k
May 17: $431k
Jun 17: $450k
Jul 17: $480k
Aug 17: $488k
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on August 31, 2017, 03:21:35 PM

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

$396,000 combined with SO.


Good income month, good market gains.
Title: Re: Race from 250 to 500k!
Post by: Rowellen on August 31, 2017, 09:14:04 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
Title: Re: Race from 250 to 500k!
Post by: Ladychips on August 31, 2017, 09:29:17 PM
1/17 - $352,398
5/17 - $378,770
6/17 - $401,823
7/17 - $425,070
8/17 - $428,620

No crazy growth this month... but growth nonetheless...
Title: Re: Race from 250 to 500k!
Post by: Sailor Sam on August 31, 2017, 09:43:34 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

Pretty flat all month, then today a big up tick, both in the market and because of payday. I'll take.
Title: Re: Race from 250 to 500k!
Post by: babystache89 on August 31, 2017, 09:46:31 PM
Total NW:

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

It's my 1 year tracking net worth anniversary and I'm up $68,000 (despite this being my most expensive year of life by a long shot)! :o
Title: Re: Race from 250 to 500k!
Post by: facepalm on August 31, 2017, 11:52:06 PM
Apr-17   255,873
May-17  263,835
Jun-17   268,100
Jul-17    273,100
Aug-17  276,800

Rough not seeing a check for one month, but I have plenty of cash on hand. I actually did ok. And I saw a raise.

I'm now setting aside around $5900 per month.



Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer on September 01, 2017, 06:53:30 AM
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 
graduated to this thread!
Aug 1:  $262,500
Sep 1:  $270,766

I certainly can't complain about a 3.1% jump in NW in a month.  We could have done (much) better with our savings rate but overall we did well.

We are just shy of being $100k up for the year.  Incredible.
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on September 01, 2017, 07:14:10 AM
2017
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

So close to the 300k mark. (180k is investments) Savings rate should pick up steam once my teaching job starts again.

Happy Labor Day and Eid everyone!!!
Title: Re: Race from 250 to 500k!
Post by: JJsfr on September 01, 2017, 09:36:07 AM
Jan 2017  $275k
Feb 2017  $287k $???
Mar 2017 $276k
Apr 2017 $282k
May 2017 $287k
Jun 2017 $290k
Jul 2017 $304k

Aug 2017  $311k

It's really hard to believe we're up $36k YTD. We really focused on saving last year until it hurt. This year hasn't been as extreme due to focus on other life events, but it's really nice to know the habits developed over the last few years continue, even though it feels like we're spending "way way more," when in reality it's still not "that much."
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on September 01, 2017, 12:11:56 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)

Paid big tax bill on rental and paid for upcoming travel costs. Otherwise not a bad month.
Title: Re: Race from 250 to 500k!
Post by: dandypandys on September 01, 2017, 04:39:21 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
Title: Re: Race from 250 to 500k!
Post by: Res Ipsa on September 01, 2017, 10:00:21 PM
June 1, 2017: $349,328
July 1, 2017: $362,675
Aug. 1, 2017: $373,748
Sept. 1, 2017: $378,548
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on September 01, 2017, 10:45:59 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)

+$110k 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 4 month(s) left, and (-10k) more to go, I hit this goal!

401k and both IRAs all maxed.

PS. In June I started getting paid once a month, at the end of the month, so in general I am counting a day or two into the next month so I get to include my paycheck (or doing an educated guess), otherwise, directly on the last day of the month it would look pretty sad!

WOOOO! HAPPY DANCE ON THE GOAL CROSS!
Title: Re: Race from 250 to 500k!
Post by: skcook on September 04, 2017, 07:20:27 PM
Woohoo, made it!

Sep 2017 - $538k
Aug 2017 - $497k
July 2017 - $483k
Jun 2017 - $479k
May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k

35k of the jump is adjusting upwards for home value, but even without it we'd have made it to $500k. Unbelievable to have made $200k of progress in a year, even if $100k is just pretend money (real estate in our neighborhood is just silly right now, my conservative estimate of home value increase isn't even close to what the internet/Zillow thinks it should be). Good luck to everyone here, and onward and upward we go to the next thread!
Title: Re: Race from 250 to 500k!
Post by: Rowellen on September 05, 2017, 01:19:50 AM
Congrats skcook and TheAnonOne!

Welcome lostmonkey007.
Title: Re: Race from 250 to 500k!
Post by: RWD on September 05, 2017, 09:17:52 AM
2017 AUG:478k(+14k)
We're neck and neck!

Woohoo, made it!
Congrats!
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on September 05, 2017, 10:02:06 AM
2017 AUG:478k(+14k)
We're neck and neck!

Woohoo, made it!
Congrats!

Yeah, at this rate, I can SEE the 500k line! With any luck, I might step foot on it in 2017 yet!
Title: Re: Race from 250 to 500k!
Post by: kapnfriday on September 07, 2017, 07:23:28 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)

Moving in the right direction.
Title: Re: Race from 250 to 500k!
Post by: RWD on September 09, 2017, 07:13:22 AM
12/1/2015 - 248k
6/1/2016 - 301k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1137213/#msg1137213)
10/1/2016 - 352k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1257607/#msg1257607)
3/1/2017 - 412k (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1464649/#msg1464649)
7/1/2017 - 453k (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1616734/#msg1616734)
8/1/2017 - 469k
9/1/2017 - 479k

I was going to wait for 500k to post again but I figured it's the final stretch, might as well follow it month to month.
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on September 10, 2017, 06:04:25 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
September 10, 2017: $435,887
Title: Re: Race from 250 to 500k!
Post by: Hula Hoop on September 10, 2017, 07:00:49 AM
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.
Title: Re: Race from 250 to 500k!
Post by: RWD on September 10, 2017, 08:33:38 AM
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.
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on September 10, 2017, 01:27:52 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
March 2017 - $333,323
April 2017 - $340,884
May 2017 - $346,568
June 2017 - $357,230
July 2017 - $365,912
August 2017 - $370,689 (Well this will not work - bad month i guess!)

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

Yeah, darn. You only saved ~$5k last month. And $100k+ over the last year. Looks like good progress to me.
Thank-you for putting it into perspective for me! You made me smile.
Title: Re: Race from 250 to 500k!
Post by: gmdv on September 12, 2017, 07:16:45 PM



August 2017 - 295k

September 2017 - 310k

Title: Re: Race from 250 to 500k!
Post by: tyort1 on September 12, 2017, 07:46:59 PM
$335k today!  One-third of a millionaire.  Haha.
Title: Re: Race from 250 to 500k!
Post by: bzzzt on September 13, 2017, 09:21:36 AM
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.

Broke $400k NW yesterday! Currently averaging $5k/month savings this year. BAM!
Title: Re: Race from 250 to 500k!
Post by: Saskatchewstachian on September 13, 2017, 04:50:46 PM
Alright, I think I've spent enough time creeping in the background that I have to officially join!

Date          NW
Apr-16    $155,162
May-16    $157,463
Jun-16    $163,173
Jul-16    $165,471
Aug-16    $176,840
Sep-16    $184,298
Oct-16    $193,597
Nov-16    $209,710
Dec-16    $243,325
Jan-17    $252,675
Feb-17    $270,123
Mar-17    $273,511
Apr-17    $295,594
May-17    $300,987
Jun-17    $308,234
Jul-17    $316,951
Aug-17    $321,753

Had great progression over the last year with +145k in NW. About 100k of this is house equity with the remainder being tax sheltered accounts (RRSP,TFSA,Etc). Current projections put us at 500k ~Mar 2019 which will mean it will be a total of 28 months to get from 250k-500k.

Here's to hoping that happens!
   
Title: Re: Race from 250 to 500k!
Post by: garth on September 15, 2017, 06:44:04 AM
After just over 21 months, we've officially inched over the line. Total NW sits at $500,075 this morning. It's been fun racing with you all. See you in the next thread.

History:
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
Mar 17: $408k
Apr 17: $421k
May 17: $431k
Jun 17: $450k
Jul 17: $480k
Aug 17: $488k
Sep 17: $500k
Title: Re: Race from 250 to 500k!
Post by: kaypinkHH on September 15, 2017, 06:49:20 AM
@garth! Congrats!! What are you going to do with that whole extra $75!!!
Title: Re: Race from 250 to 500k!
Post by: RWD on September 15, 2017, 12:41:38 PM
Congrats, garth! $11k/month average, nicely done!
Title: Re: Race from 250 to 500k!
Post by: Rowellen on September 15, 2017, 04:57:45 PM
Congrats Garth! Less than 2 years. That's a fantastic effort.

Welcome Saskatchewstachian.
Title: Re: Race from 250 to 500k!
Post by: garth on September 15, 2017, 09:18:16 PM
Thanks all. Go get $500k!
Title: Re: Race from 250 to 500k!
Post by: FallenTimber on September 19, 2017, 09:00:14 AM
I've been a longtime lurker and have been inspired by all of you over the past several years容specially 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
Title: Re: Race from 250 to 500k!
Post by: skip207 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.
Title: Re: Race from 250 to 500k!
Post by: jorjor 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.
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone 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容specially 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?
Title: Re: Race from 250 to 500k!
Post by: mizzourah2006 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.
Title: Re: Race from 250 to 500k!
Post by: FallenTimber 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.
Title: Re: Race from 250 to 500k!
Post by: timmiebe 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
Title: Re: Race from 250 to 500k!
Post by: marz1982 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
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne 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!
Title: Re: Race from 250 to 500k!
Post by: facepalm 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.
Title: Re: Race from 250 to 500k!
Post by: mizzourah2006 on September 29, 2017, 02:38:25 PM
Just hit $481k for September. There's a chance we hit it in 2017.
Title: Re: Race from 250 to 500k!
Post by: Corazon 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
Title: Re: Race from 250 to 500k!
Post by: JJsfr 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.
Title: Re: Race from 250 to 500k!
Post by: Mazzinator 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
Title: Re: Race from 250 to 500k!
Post by: skip207 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!
Title: Re: Race from 250 to 500k!
Post by: bownyboy 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.

Title: Re: Race from 250 to 500k!
Post by: Rowellen 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
Title: Re: Race from 250 to 500k!
Post by: neo von retorch 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.
Title: Re: Race from 250 to 500k!
Post by: Sailor Sam 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.
Title: Re: Race from 250 to 500k!
Post by: FIreDrill 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)




Sent from my SM-G935F using Tapatalk

Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN 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
Title: Re: Race from 250 to 500k!
Post by: Erma 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.
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone 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.
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer 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. 
Title: Re: Race from 250 to 500k!
Post by: kaypinkHH 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!
Title: Re: Race from 250 to 500k!
Post by: turketron 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
Title: Re: Race from 250 to 500k!
Post by: dandypandys 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 :)
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer 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.
Title: Re: Race from 250 to 500k!
Post by: ender 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.
Title: Re: Race from 250 to 500k!
Post by: babystache89 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
Title: Re: Race from 250 to 500k!
Post by: Guava 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!
Title: Re: Race from 250 to 500k!
Post by: Ladychips 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.
Title: Re: Race from 250 to 500k!
Post by: TryingtoFIREinLAnow 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
Title: Re: Race from 250 to 500k!
Post by: McStache 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
Title: Re: Race from 250 to 500k!
Post by: dandypandys on October 02, 2017, 05:16:53 PM
TryingtoFIREinNYC, I was wondering how do you get Mint to tell you that goal date? Thanks!
Title: Re: Race from 250 to 500k!
Post by: TryingtoFIREinLAnow 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......!
Title: Re: Race from 250 to 500k!
Post by: dandypandys on October 03, 2017, 04:05:56 PM
Ah ok, I am going to copy you :) thanks
Title: Re: Race from 250 to 500k!
Post by: Rhoon 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
Title: Re: Race from 250 to 500k!
Post by: YoungGranny 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 :)
Title: Re: Race from 250 to 500k!
Post by: RWD on October 06, 2017, 06:47:40 PM
12/1/2015 - 248k
6/1/2016 - 301k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1137213/#msg1137213)
10/1/2016 - 352k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1257607/#msg1257607)
3/1/2017 - 412k (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1464649/#msg1464649)
7/1/2017 - 453k (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1616734/#msg1616734)
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.
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on October 06, 2017, 07:35:38 PM
Way to go RWD!
Title: Re: Race from 250 to 500k!
Post by: Enough 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...
Title: Re: Race from 250 to 500k!
Post by: Enough on October 07, 2017, 12:25:45 AM
12/1/2015 - 248k
6/1/2016 - 301k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1137213/#msg1137213)
10/1/2016 - 352k (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1257607/#msg1257607)
3/1/2017 - 412k (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1464649/#msg1464649)
7/1/2017 - 453k (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg1616734/#msg1616734)
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!
Title: Re: Race from 250 to 500k!
Post by: kapnfriday 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? 
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone 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.
Title: Re: Race from 250 to 500k!
Post by: MrThatsDifferent 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!
Title: Re: Race from 250 to 500k!
Post by: ender 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/
Title: Re: Race from 250 to 500k!
Post by: martyconlonontherun 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.
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit 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.
Title: Re: Race from 250 to 500k!
Post by: RWD 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.
Title: Re: Race from 250 to 500k!
Post by: gmdv on October 11, 2017, 10:18:40 PM



August 2017 - 295k

September 2017 - 310k
October 2017 - 314k
Title: Re: Race from 250 to 500k!
Post by: dandypandys on October 12, 2017, 12:50:51 PM
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.
So coool!!!!! Thanks for doing it.
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on October 12, 2017, 01:39:15 PM
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.
So coool!!!!! Thanks for doing it.

Mine started at 252, I think I count as the 11th lol
Title: Re: Race from 250 to 500k!
Post by: RWD on October 12, 2017, 02:19:32 PM
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.

So coool!!!!! Thanks for doing it.

Mine started at 252, I think I count as the 11th lol

I almost included you in the graph because you're so close to $500k. I didn't exclude you because you started above $250k. My data points for JustGettingStarted1980 begin at $258k and for Libertea they start at $261k. If I recall correctly, my filtering criteria was max_data_point > $500k AND (max_data_point - min_data_point) > $240k.

But yes, you will be the 11th.
Title: Re: Race from 250 to 500k!
Post by: JustGettingStarted1980 on October 12, 2017, 04:56:46 PM
Thanks RWD
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on October 13, 2017, 03:51:36 PM
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
September 10, 2017: $435,887
October 13, 2017: $446,859
Title: Re: Race from 250 to 500k!
Post by: terrifictim on October 16, 2017, 01:57:30 PM
I'm in. Started getting serious in 2015. Have been relatively frugal and have a good paying job so had some MMM attributes even before I knew about this corner of the web. I'm counting my home equity as part of NW although looking for my non-real estate investment to eventually hit $250k on its own.

YearMonthLiquidHome EquityTotal
2015Jan $104,108.00 $              -    $ 104,108.00
2015Feb $112,370.00 $              -    $ 112,370.00
2015March $120,313.00 $              -    $ 120,313.00
2015April $122,806.00 $              -    $ 122,806.00
2015May $  63,649.00 $   58,000.00 $ 121,649.00
2015June $  64,340.00 $   68,500.00 $ 132,840.00
2015July $  66,415.00 $   68,000.00 $ 134,415.00
2015August $  65,343.00 $   69,500.00 $ 134,843.00
2015September $  65,395.00 $   72,000.00 $ 137,395.00
2015October $  71,048.00 $   72,916.00 $ 143,964.00
2015November $  73,615.00 $   73,500.00 $ 147,115.00
2015December $  75,640.00 $   74,000.00 $ 149,640.00
2016Jan $  75,532.00 $   73,500.00 $ 149,032.00
2016Feb $  78,153.00 $   74,000.00 $ 152,153.00
2016March $  87,138.00 $   76,500.00 $ 163,638.00
2016April $  90,378.00 $   80,023.00 $ 170,401.00
2016May $  91,625.00 $ 100,591.00 $ 192,216.00
2016June $  93,968.00 $ 112,371.00 $ 206,339.00
2016July $  97,960.00 $ 120,093.00 $ 218,053.00
2016August $101,265.00 $ 127,540.00 $ 228,805.00
2016September $102,755.00 $ 133,992.00 $ 236,747.00
2016October $103,902.00 $ 137,976.00 $ 241,878.00
2016November $103,653.00 $ 138,963.00 $ 242,616.00
2016December $105,619.00 $ 141,953.00 $ 247,572.00
2017Jan $107,946.00 $ 118,947.00 $ 226,893.00
2017Feb $112,825.00 $ 126,943.00 $ 239,768.00
2017March $114,662.00 $ 130,943.00 $ 245,605.00
2017April $123,364.00 $ 138,347.00 $ 261,711.00
2017May $125,974.00 $ 142,354.00 $ 268,328.00
2017June $129,890.00 $ 144,365.00 $ 274,255.00
2017July $133,130.00 $ 153,031.00 $ 286,161.00
2017August $138,758.00 $ 152,150.00 $ 290,908.00
2017September $144,343.00 $ 153,574.00 $ 297,917.00
2017October $150,689.00 $ 157,507.00 $ 308,196.00
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on October 18, 2017, 09:06:10 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.

So coool!!!!! Thanks for doing it.

Mine started at 252, I think I count as the 11th lol

I almost included you in the graph because you're so close to $500k. I didn't exclude you because you started above $250k. My data points for JustGettingStarted1980 begin at $258k and for Libertea they start at $261k. If I recall correctly, my filtering criteria was max_data_point > $500k AND (max_data_point - min_data_point) > $240k.

But yes, you will be the 11th.

Heh, if I got paid every two weeks / twice a month I would be there already, but alas I only get paid monthly, so the check is still 2 weeks out. Luckily, they are much larger, so I should shoot past 500k a bit, maybe 505 to 510 depending on markets. (though i seem to be spending like crazy lately, new gaming PC, trip in DEC)
Title: Re: Race from 250 to 500k!
Post by: C-man23 on October 20, 2017, 05:46:36 AM
Just signing in thanks to a nice work relocation check.
The march towards a half M has begun.

September 2017: $222,303
October 2017: $277,896
Title: Re: Race from 250 to 500k!
Post by: clarkfan1979 on October 22, 2017, 02:03:30 PM
I finally hit 500K this month.

405K rental property equity
100K in retirement accounts
30K cash
32K in student loan debt

Sitting on 503K at the moment. Not counting 20K of value across 3 vehicles. 
Title: Re: Race from 250 to 500k!
Post by: Saskatchewstachian on October 25, 2017, 04:28:27 PM

Date          NW
Apr-16    $155,162
Jan-17    $252,675
Aug-17    $321,753


As of today $348,218 so about 17k in the last two months.

This sounds great but could have been soooo much better. We installed a natural gas heater in the garage, and our fridge that came with the house decided to stop working so got to replace that as well.

Overall it's a 56% and 64% savings rate for Sept and to-date in Oct.
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on October 28, 2017, 09:32:55 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
October 2017 - $390,025

Hoping for $400,000 by December 2017. Steadily onward.
Title: Re: Race from 250 to 500k!
Post by: CdnChris on October 29, 2017, 08:53:21 AM

Been busy and missed a month. Only now posting for end of September.
Solid couple of months; good savings rate and the investments are moving in the right direction again!
Sadly, we figured out year end taxes and we need to set aside $20k in the next couple of months, so I am already mentally taking this out of the numbers. Not unexpected but always disappointing ...
The really good news is that without accounting for the final tax numbers we were on track for about $100k in savings this year.
Title: Re: Race from 250 to 500k!
Post by: Sweet_Flips on October 31, 2017, 08:08:15 AM

UPDATED!

02/2017--$258,181.90
03/2017--$266,011.19
04/2017--$273,921.39
05/2017--$279,950.03
06/2017--$283,579.43
07/2017--$290,723.87
---------------------------Forgot to post for a few months
10/2017--$314,559.32

Title: Re: Race from 250 to 500k!
Post by: skip207 on October 31, 2017, 11:21:59 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
1/11/17 = 」461,926
Title: Re: Race from 250 to 500k!
Post by: Sailor Sam on October 31, 2017, 11:36:15 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
1-Nov-2017:  $475,240
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on October 31, 2017, 12:48:11 PM
1/1/2012 - $30,000
1/1/2013 - $41,000
1/1/2014 - $60,000
1/1/2015 - $82,000
1/1/2016 - $140,000

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
10/01/17 - $328,500
11/01/17 - $340,500

$416,000 combined with SO.

Title: Re: Race from 250 to 500k!
Post by: kaypinkHH on October 31, 2017, 01:38:53 PM
My formatting was driving me nuts so I moved my tracking to excel. (See photo below).

+13k this month in savings. Not too bad considering it was a transition month with lots of one off moving expenses. Progress may slow down in the next few weeks as Mr.HH is currently funemployed and looking for work, so we are a one income family for a while.

But, we may be selling our house (I adjusted the house appreciation to reflect our listing price). Offers should come in tomorrow!!! Next month this table may look very different!



Title: Re: Race from 250 to 500k!
Post by: Rowellen on October 31, 2017, 03:30:01 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

Nov 2017 $448k I actually had a net worth drop as we paid a chunk of tax for my hubby's business (4k) and a huge repair bill for our investment property (2k). But I added in $10k of shares that I had been excluding for no particular reason. Maybe because they are worth less than we paid for them so I  consider them a write off. Considering the outlays this month we still did well not to drop back further.
Title: Re: Race from 250 to 500k!
Post by: JJsfr on October 31, 2017, 10:23:42 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

Oct 2017  $327k
Title: Re: Race from 250 to 500k!
Post by: Guava on November 01, 2017, 06:54:17 AM
May 2017: $251k
June 2017: $257k
July 2017: $264k
August 2017: $269k
September 2027: $279k
October 2017: $286k

I am genuinely amazed every month now. And my 401k at work finally hit $100k this month which made it extra exciting.
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on November 01, 2017, 06:57:18 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: 297,489
Oct 1: 303,118


Nov 1: 309,583

Side gig income and low spending made for a great month!!!
Title: Re: Race from 250 to 500k!
Post by: facepalm on November 01, 2017, 08:08:52 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
Oct-17   292,100

This month I started putting an additional $400 aside into my new HSA, which also saved me $100 in payroll taxes. With two more months to go and an average savings of $6100 per month, I am still on track to hit $300K net worth by the end of the year.  Going to really clamp down on expenses in November to make it happen.

My savings rate is hovering around 80%.

I might make next year's goal something crazy, like save $100K--I can definitely come up with $70K, but the other $30K might be tougher.

Title: Re: Race from 250 to 500k!
Post by: kapnfriday on November 01, 2017, 09:11:17 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)
10-2017: $485,217 (+12.9k)

Hoping to graduate from this thread by the end of December.  Hoping I don't ever "ungraduate" but realize that's a distinct possibility.
Title: Re: Race from 250 to 500k!
Post by: Mazzinator on November 01, 2017, 10:07:50 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
Oct 17- $264
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on November 01, 2017, 11:00:18 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)
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)
2017 OCT:510k(+16k)

+$142k 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 2 month(s) left, and (-42k) more to go, I hit this goal!



...and GOAL! Moving on to the 500k->1M race, so this will be my last update in this group.

Stats....

Time from 250->500: 22Months
Average gain: 11.7K per month (Includes market + pay + everything)

NOTES:

It has come to my attention over the last 3-4 years of focusing on this that the market continues to become a larger and larger influence. I think with this year's massive bull run it has been exceedingly astonishing.

We cut our expenses down at the end of 2016 and have noticed massive increases per month because of it. So spending is certainly a huge influence.


Good luck to the rest of you! Hope to be greeting you in the next thread soon.
Title: Re: Race from 250 to 500k!
Post by: RWD on November 01, 2017, 11:09:22 AM
...and GOAL!

Congrats!
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on November 01, 2017, 11:13:51 AM
...and GOAL!

Congrats!

Thanks it feels great! (I actually won't "see" it in personal capital until market close for the jump from 499 to 500, and not until Friday for the 511/512. So I still have some fun to look forward to this week!)
Title: Re: Race from 250 to 500k!
Post by: Ladychips on November 01, 2017, 01:18:49 PM
1/17   - $352,398
5/17   - $378,770
6/17   - $401,823
7/17   - $425,070
8/17   - $428,620
9/17   - $449,356
10/17 - $450,874

Had quite a bit of growth in my investments but used quite a bit of my cash stash for a project.  Even so, positive movement.  That's outstanding!  But it does mean I won't make it to the end of this race by year's end. 
Title: Re: Race from 250 to 500k!
Post by: FallenTimber on November 01, 2017, 04:04:58 PM
Updated to reflect the past couple of months:

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: 3$63k
October 2017: $380k
November2017: $396k

Our goal was to break the $400k mark by the end of the year, so we're excited to be on track to pull that off!

We seem to be increasing by about 100k each year, so fingers crossed that we'll be able to break the $500k by the end of 2018. We're also having a baby in a few weeks, so we'll see how that affects our goals.
Title: Re: Race from 250 to 500k!
Post by: facepalm on November 01, 2017, 05:56:38 PM



...and GOAL! Moving on to the 500k->1M race, so this will be my last update in this group.



Good work! See you in the next thread.
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer on November 01, 2017, 07:00:38 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
11/1/2017:  $302,991

Another stellar month thanks to the strength of our investments.  EXAS stock in particular continues to power our growth (see the "Shoot, I Stock Picked" thread in Investor Alley).

For the year we are up $132k which is 77.3%.  Astounding.

Title: Re: Race from 250 to 500k!
Post by: McStache on November 01, 2017, 08:22:48 PM
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
17-Sep   $251,872
This Quarter
17-Oct    $260,359
Title: Re: Race from 250 to 500k!
Post by: dystopic on November 01, 2017, 08:23:59 PM
16th March 2017 - $156,970.56
14th April 2017 - $172,158.80 (+$15,188.24)
18th May 2017 - $187,986.35 (+$15,827.55)
18th June 2017 - $219,742.03 (+$31,755.68) Whatever small amount I had in cryptocurrencies went bonkers 😳
14th July 2017 - $200,846.03 (-$18,896) - Vanguard dropped over 5% and the crypto portfolio dropped 34%. Additionally I paid for house renovation, moving, bond, and prepaid the rent. So the drop may look dramatic but it's really where it was 6 weeks ago. Also I own way more Vanguard units now than during the last update.
17th August 2017 - $228,106.09 (+$27,260.06) - Back on track, although I still have some big expenses coming up in the near future. Hoping to graduate by the end of October 2017.
26th September 2017 - $228,382.36 (+$276.27) - cryptos went down by the same amount as what I saved. I'm done with the big house related expenses now.
13th October 2017 - $256,067.92 (+$27,685.56) - Looks like I'm done here. Markets went back up + I'm back to big savings. My portfolio is pretty volatile due to the crypto exposure so it may come back under 250k at any point of time. Rebalancing would trigger massive tax so I'm leaving it for now. See you in the next thread. Good luck all!

Hi all, just graduated from <250k thread a couple of weeks ago so now I知 here. I知 actually thinking of including investment property and retirement accounts from now on, as it helps me being interested in their worth and manage them better.
Title: Re: Race from 250 to 500k!
Post by: monarda on November 01, 2017, 11:06:22 PM
If I look at cash and securities only (not counting rental equity or primary residence equity) I belong on this thread

1/2016  $137K
1/2017  $154K
9/2017  $244K  (cash out refinance of primary residence in June)

conservative projections:
12/2018  $300K
12/2020  $400K
 6/2022   $500K
Title: Re: Race from 250 to 500k!
Post by: Rowellen on November 02, 2017, 12:02:10 AM




...and GOAL! Moving on to the 500k->1M race, so this will be my last update in this group.



Awesome. Happy for you.
Title: Re: Race from 250 to 500k!
Post by: turketron on November 02, 2017, 09:31:51 AM
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
Nov 1 2017: $266,140.14
Title: Re: Race from 250 to 500k!
Post by: cantgrowone on November 02, 2017, 11:16:13 AM
Hi. I finally fit in this thread.

Numbers are not accounting for house value.

10/1/17 - $248k
11/1/17 - $262k
Title: Re: Race from 250 to 500k!
Post by: bridget on November 02, 2017, 12:02:36 PM
Joining late to the game!

2017 progress:

Jan 17: $287k
Feb 17: $301k (partially accounted for by 2016 bonus)
Mar 17: $304k
April 17: $316k
May 17: $322k
June 17: $326k

Automatic savings of $1500/month in my 401(k), and usually deposit $3-4k into Vanguard per month, right after my paychecks hit.  I could probably stand to increase that.

Update:

November 17: $365k. 

DH started a job this month, and his whole paycheck goes straight to Vanguard.
Title: Re: Race from 250 to 500k!
Post by: dandypandys on November 02, 2017, 02:53:58 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 :)
Nov 2nd:  $314
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on November 02, 2017, 04:54:56 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)
10/31/2017:  $395,496 (+4,477)
Title: Re: Race from 250 to 500k!
Post by: Corazon on November 02, 2017, 06:43:42 PM
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
November         266,608

Another good month of savings and market gains. Keep on keepin' on.
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer on November 02, 2017, 09:13:56 PM
...and GOAL! Moving on to the 500k->1M race, so this will be my last update in this group.

You kicked its ass!  Great job and congratulations!!
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer on November 02, 2017, 09:17:28 PM
dystopic and cantgrowone:  Great job and congrats!  I'm only here a few months so I'm not sure if I qualify to be on the welcoming committee, but a hearty welcome anyway!
Title: Re: Race from 250 to 500k!
Post by: dystopic on November 03, 2017, 01:26:26 AM
dystopic and cantgrowone:  Great job and congrats!  I'm only here a few months so I'm not sure if I qualify to be on the welcoming committee, but a hearty welcome anyway!

Definitely appreciated:-)
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on November 03, 2017, 09:15:35 AM
So spending was pretty awful this month. (Travel + eating out + drinking, camera purchase, apparel, and healthcare/pet costs didn't help.) And I'm now a contractor, so I get paid the hours I work, but we had a vacation planned. So the two paychecks I did get were a lot smaller than I can expect going forward. Still, positive movement. Just not as much as I'd prefer to see. So far, $150k in a little under 2 years. $400k is just around the corner!

Jog my memory, those figures are combined with your wife right?
Title: Re: Race from 250 to 500k!
Post by: TheAnonOne on November 03, 2017, 10:45:20 AM
...and GOAL! Moving on to the 500k->1M race, so this will be my last update in this group.

You kicked its ass!  Great job and congratulations!!

Thanks! Looking back, it seemed so fast, but the next wall just seems insane (500->1m)
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on November 03, 2017, 10:48:42 AM
Jog my memory, those figures are combined with your wife right?

Yes, this is our total combined net worth. Assets including real estate minutes debts.
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on November 07, 2017, 06:01:22 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



11/2017 - $473.4k - husbands annual bonus + market + high savings rate led to this huge uptick. Looks like we should reach $500k by Q1 with our normal savings rate.
Title: Re: Race from 250 to 500k!
Post by: TryingtoFIREinLAnow on November 07, 2017, 10:14:47 AM
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
10/2/2017:  $251,933
11/7/2017:  $266,000

Corazon and Turketron: we seem to be all three marching in a pretty tight lockstep  ------ I'm gonna skip out on date nights with DW this month and see if I can pull ahead.....!!!

J/K of course, we're all in this together - hope we lockstep right into the next race - - -and yeah joking about date nights - - -being married to a tightwad like me, date night budget is sacred and non-negotiable in our house!!
 
Title: Re: Race from 250 to 500k!
Post by: Res Ipsa on November 08, 2017, 07:57:13 PM
June 1, 2017: $349,328
July 1, 2017: $362,675
Aug. 1, 2017: $373,748
Sep 1, 2017: $378,549 (bought a new house...I know, I know)
Oct 1, 2017: $389,829
Nov. 1, 2017: $396,444

Title: Re: Race from 250 to 500k!
Post by: tyort1 on November 09, 2017, 11:54:52 AM
May - $310k
June - $320k
July - $322k
Aug - $325k
Sept - $332k
Oct - $343K
Nov - $351k

But perhaps most exciting - I owe $348k on my mortgage, so my investments have surpassed my mortgage for the first time in my life.  Feels pretty damn good!
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on November 09, 2017, 05:48:05 PM
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
September 10, 2017: $435,887
October 13, 2017: $446,859
November 9, 2017: $457,647
Title: Re: Race from 250 to 500k!
Post by: gmdv on November 09, 2017, 07:08:46 PM



August 2017 - 295k

September 2017 - 310k
October 2017 - 314k
November 2017 - 319k
Title: Re: Race from 250 to 500k!
Post by: CdnChris on November 12, 2017, 10:22:38 AM

Caught up and posting for October. Will still have to remove $20k tax bill from these numbers before end of year.
Title: Re: Race from 250 to 500k!
Post by: retireatbirth on November 13, 2017, 07:41:31 PM
New guy here just graduated from the last thread

April 28,2017: $253,000

July 7, 2017: $266,000

November 13, 2017: $299,000
Title: Re: Race from 250 to 500k!
Post by: dystopic on November 16, 2017, 02:33:39 PM
16th March 2017 - $156,970.56
14th April 2017 - $172,158.80 (+$15,188.24)
18th May 2017 - $187,986.35 (+$15,827.55)
18th June 2017 - $219,742.03 (+$31,755.68) Whatever small amount I had in cryptocurrencies went bonkers 😳
14th July 2017 - $200,846.03 (-$18,896) - Vanguard dropped over 5% and the crypto portfolio dropped 34%. Additionally I paid for house renovation, moving, bond, and prepaid the rent. So the drop may look dramatic but it's really where it was 6 weeks ago. Also I own way more Vanguard units now than during the last update.
17th August 2017 - $228,106.09 (+$27,260.06) - Back on track, although I still have some big expenses coming up in the near future. Hoping to graduate by the end of October 2017.
26th September 2017 - $228,382.36 (+$276.27) - cryptos went down by the same amount as what I saved. I'm done with the big house related expenses now.
13th October 2017 - $256,067.92 (+$27,685.56) - Looks like I'm done here. Markets went back up + I'm back to big savings. My portfolio is pretty volatile due to the crypto exposure so it may come back under 250k at any point of time. Rebalancing would trigger massive tax so I'm leaving it for now. See you in the next thread. Good luck all!
...(moved to 250k->500k thread)
Hi all, just graduated from <250k thread a couple of weeks ago so now I知 here. I知 actually thinking of including investment property and retirement accounts from now on, as it helps me being interested in their worth and manage them better.

16th November 2017 - $312,757.72 (+$56,689.80) - cryptocurrency doing its thing😳
Title: Re: Race from 250 to 500k!
Post by: Frugal_NYC on November 21, 2017, 12:10:41 PM
New member alert!

End Sep'17: $250.2K
Oct: $258.4K

Went from $78K to $250K in 3 years...will be getting married in June so not sure how I will treat that in the march to a half mill
Title: Re: Race from 250 to 500k!
Post by: JLee on November 27, 2017, 06:38:17 PM
Hi everyone!  I am finally here :D

Here are my 100k-250k (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/msg1787166/#msg1787166) numbers - 2 years and 3 months. Hopefully I can hit 500k in another 2-3 years!

Code: [Select]
Date             Assets           Debts          Net Worth
October 2017 $370,483.90 -$120,007.15 $250,476.80
Title: Re: Race from 250 to 500k!
Post by: mizzourah2006 on November 29, 2017, 07:17:35 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.

Not sure how long it will last but as of this morning we crossed the $500k NW mark.

Nov. 17: $337.95/$500.91
Title: Re: Race from 250 to 500k!
Post by: kaypinkHH on November 29, 2017, 09:09:15 AM
Another month down, another bit closer to 500k (in non-house assets). 
Our house got an offer, and in January we will liquidate the assests!!! Yay!!

10k growth this month was not too bad considering we are down to one income and still paying a high mortgage on the house. Mr.HH has had a few interviews and hopefully will have a job soon, bumping up our income and saving rate!

Title: Re: Race from 250 to 500k!
Post by: Ladychips on November 30, 2017, 05:01:22 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
10/17 - $450,874
11/17 - $466,186

Increased over $100,000 this year.  Outstanding!!
Title: Re: Race from 250 to 500k!
Post by: skip207 on November 30, 2017, 12:07:13 PM
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
1/11/17 = 」461,926
1/12/17 = 」464,706
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on November 30, 2017, 04:44:27 PM
1/1/2012 - $30,000
1/1/2013 - $41,000
1/1/2014 - $60,000
1/1/2015 - $82,000
1/1/2016 - $140,000

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
10/01/17 - $328,500
11/01/17 - $340,500
12/01/17 - $349,000

$428,000 combined with SO.
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer on November 30, 2017, 06:55:35 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
11/1/2017:  $302,991
12/1/2017:  $303,901

I thought for sure this would be our first down month.  My individual stocks drifted lower and we had about $2500 in dog expenses.  First we had her teeth cleaned to the tune of about $700.  Then a couple weeks later she had a bout of pancreatitis which necessitated 2 days at the vet on IVs.  She was one sick, sad pupper-dog.  Of course there was no question that we'd have her treated and thankfully she is now back to her normal, happy self.

So I was a bit worried while adding up the numbers tonight.  Thanks largely to a big jump in my wife's 401k and HSA accounts we managed to eke out a small gain.  So the streak continues...
Title: Re: Race from 250 to 500k!
Post by: Sailor Sam on November 30, 2017, 08:05:45 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
1-Nov-2017:  $475,240
1-Dec-2017:  $484,524

I skipped 2 contributions to my after tax account in Nov, and my net worth still went up almost 10k. So close!
Title: Re: Race from 250 to 500k!
Post by: JJsfr on November 30, 2017, 08:53:50 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
Oct 2017  $327k

Nov 2017 $331k

Major bills hit this month. Nice to see progress.
Title: Re: Race from 250 to 500k!
Post by: skip207 on December 01, 2017, 02:03:32 AM

we had about $2500 in dog expenses.  First we had her teeth cleaned to the tune of about $700.  Then a couple weeks later she had a bout of pancreatitis which necessitated 2 days at the vet on IVs.  She was one sick, sad pupper-dog.  Of course there was no question that we'd have her treated and thankfully she is now back to her normal, happy self.

So I was a bit worried while adding up the numbers tonight. 


Spooky!  My dog has had pancreatitis in November too.  Ended up having to have her sedated, scans etc.  Thankfully been on the mend for a couple of weeks.  My other dog has a bad bladder infection too.   Spent well over 1500 this month at the vets.  Ah well its only money.
Title: Re: Race from 250 to 500k!
Post by: skip207 on December 01, 2017, 02:05:15 AM
I was hoping for my end of year bonus this month too... I was outvoted :(  Its our business year end so usually have some reserves but this year spending it on some equipment.  Dang.
Title: Re: Race from 250 to 500k!
Post by: turketron on December 01, 2017, 06:19:56 AM
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
Nov 1 2017: $266,140.14
Dec 1 2017: $279,806.93
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on December 01, 2017, 06:36:20 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
11/2017 - $473.4k


12/2017 - $482.5k - getting so close!! I do have to say hitting these milestones feels less exciting than it used to; guess it's the boring truth of getting rich - no big lottery win just slow and steady progress to retirement.
Title: Re: Race from 250 to 500k!
Post by: Guava on December 01, 2017, 07:27:36 AM
May 2017: $251k
June 2017: $257k
July 2017: $264k
August 2017: $269k
September 2027: $279k
October 2017: $286k
November 2017: $296k

Another great month!
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on December 01, 2017, 07:56:04 AM
Net Worth
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)
10/31/2017:     $395,496 (+4,477)
11/30/2017:  $405,169 (+9,673)

$400k! Over $85k so far this year. But spending has been higher lately. Fingers crossed we reign that in! Then we can really take off. Next month we'll log quarterly dividends/market value changes. Will it still be up? No one knows!
Title: Re: Race from 250 to 500k!
Post by: afuera on December 01, 2017, 08:38:49 AM
Top of the muffin to y'all.  Just graduated the 100-250K thread so hopping in on this one so I don't lose any motivation. 

12/1/2017: INV-$256,324.07    NW-$266,011.53

NW used to be a lot higher before an asshole named Harvey destroyed all our equity.  Large amounts of money are still in limbo due to contractors and the mortgage company dragging their feet on everything and we still have to buy appliances for the house eventually.  I can't wait till everything calms down and we can get back to normal again.

edited because I can't spell :/
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on December 01, 2017, 08:43:16 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: 297,489
Oct 1: 303,111
Nov 1: 309,583

Dec 1: 316,618

My net worth is up more than 80k this year, which is approximately my earnings after taxes. High savings rate and huge market gains early in the year made it happen.
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on December 01, 2017, 09:38:38 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
October 2017 - $390,025
November 2017 - $400,073

Got to target 1 month early - now for $500000. Congrats to all who stayed the course in 2017 and regardless of outcome came ahead of 2016.
Title: Re: Race from 250 to 500k!
Post by: McStache on December 01, 2017, 12:02:05 PM
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
17-Sep   $251,872
This Quarter
17-Oct    $260,359
17-Nov   $273,545
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer on December 01, 2017, 12:12:15 PM
  Ah well its only money.

Bree says "yes it's only money and I'm well worth it"
Title: Re: Race from 250 to 500k!
Post by: Sailor Sam on December 01, 2017, 12:37:39 PM

we had about $2500 in dog expenses.  First we had her teeth cleaned to the tune of about $700.  Then a couple weeks later she had a bout of pancreatitis which necessitated 2 days at the vet on IVs.  She was one sick, sad pupper-dog.  Of course there was no question that we'd have her treated and thankfully she is now back to her normal, happy self.

So I was a bit worried while adding up the numbers tonight. 


Spooky!  My dog has had pancreatitis in November too.  Ended up having to have her sedated, scans etc.  Thankfully been on the mend for a couple of weeks.  My other dog has a bad bladder infection too.   Spent well over 1500 this month at the vets.  Ah well its only money.

I can make it spookier! I also have a small terrier, who had pancreatitis in Nov. Doggo is 16-ish, and was so sick I afriad it was the end. But she bounced back, and is once again spry and wagging.
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on December 01, 2017, 01:01:06 PM

we had about $2500 in dog expenses.  First we had her teeth cleaned to the tune of about $700.  Then a couple weeks later she had a bout of pancreatitis which necessitated 2 days at the vet on IVs.  She was one sick, sad pupper-dog.  Of course there was no question that we'd have her treated and thankfully she is now back to her normal, happy self.

So I was a bit worried while adding up the numbers tonight. 


Spooky!  My dog has had pancreatitis in November too.  Ended up having to have her sedated, scans etc.  Thankfully been on the mend for a couple of weeks.  My other dog has a bad bladder infection too.   Spent well over 1500 this month at the vets.  Ah well its only money.

I can make it spookier! I also have a small terrier, who had pancreatitis in Nov. Doggo is 16-ish, and was so sick I afriad it was the end. But she bounced back, and is once again spry and wagging.

I read this thread 2 seconds after reading EngineerYogi announcing that her dog has pancreatitis.... I was confused, and spooked.
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer on December 01, 2017, 06:07:02 PM

we had about $2500 in dog expenses.  First we had her teeth cleaned to the tune of about $700.  Then a couple weeks later she had a bout of pancreatitis which necessitated 2 days at the vet on IVs.  She was one sick, sad pupper-dog.  Of course there was no question that we'd have her treated and thankfully she is now back to her normal, happy self.

So I was a bit worried while adding up the numbers tonight. 


Spooky!  My dog has had pancreatitis in November too.  Ended up having to have her sedated, scans etc.  Thankfully been on the mend for a couple of weeks.  My other dog has a bad bladder infection too.   Spent well over 1500 this month at the vets.  Ah well its only money.

I can make it spookier! I also have a small terrier, who had pancreatitis in Nov. Doggo is 16-ish, and was so sick I afriad it was the end. But she bounced back, and is once again spry and wagging.

I read this thread 2 seconds after reading EngineerYogi announcing that her dog has pancreatitis.... I was confused, and spooked.

Hmmm, I guess we have proof that posting to these forums is bad for your dog's health...
Title: Re: Race from 250 to 500k!
Post by: Rowellen on December 01, 2017, 07:50:04 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
Nov 2017 $448k
Dec 2017 $450k
Unbelievable considering we had a tax bill of almost $5k and one of our direct shares lost almost $6k off the value. Quite randomly and has since come back a little.  I had 3 pay days this month so that helped.

Welcome afuera, JLee & Frugal_NYC.

Congrats mizzourah2006.
Title: Re: Race from 250 to 500k!
Post by: skip207 on December 03, 2017, 12:57:39 AM
Yep, 3 of the little (one not so little) sh*ts!


Title: Re: Race from 250 to 500k!
Post by: Sweet_Flips on December 03, 2017, 09:11:58 AM
UPDATED!

02/2017--$258,181.90
03/2017--$266,011.19
04/2017--$273,921.39
05/2017--$279,950.03
06/2017--$283,579.43
07/2017--$290,723.87
---------------------------Forgot to post for a few months
10/2017--$314,559.32
11/2017--$325,341.62
Title: Re: Race from 250 to 500k!
Post by: facepalm on December 03, 2017, 09:16:04 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
Oct-17   292,100
Nov-17  302,000

Crap, I added 10K to my NW this last month! Some of it was market gains (nice to see your accounts go up 1K in one day), but I also managed to stick to my budget this month and sock away a little extra.

For next year, I'm going to set a goal of reaching $400,000. I have no idea how I will do it, but what the hell. If tax reform passes it will remove one avenue of savings (I contribute to both a 403(b) and 457(b)) but I'll figure something out.

Title: Re: Race from 250 to 500k!
Post by: dandypandys on December 04, 2017, 07:41:32 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..
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 :)
Nov 2nd:  $314
Dec 4th $322.5k   About to drop 12k on a used car though.
Title: Re: Race from 250 to 500k!
Post by: ducky19 on December 04, 2017, 07:52:59 AM
Jan 13 - $109k
Jan 14 - $171k
Jan 15 - $183k
Jan 16 - $216k
Jan 17 - $273k
Nov 17 - $368k

Should be at a full $100k gain by the end of the year. Hoping to continue the growth and hit $500k by the end of 2018!
Title: Re: Race from 250 to 500k!
Post by: Corazon on December 06, 2017, 05:37:09 PM
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
November         266,608
December         277,379

Another solid month. Hope to increase monthly savings beginning in January 2018.
Title: Re: Race from 250 to 500k!
Post by: kapnfriday on December 07, 2017, 07:25:12 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)
10-2017: $485,217 (+12.9k)
11-2017: $501,933 (+16.7k)

My goal was to hit $500k by the end of December, but November turned out to be a very good month. Now the question is will we remain over $500k by the end of December. I think I'll stick around this thread for a while before moving on to the $500k to $1M thread. 

Full November expense report is up on my site.
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on December 08, 2017, 03:31:42 PM
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
September 10, 2017: $435,887
October 13, 2017: $446,859
November 9, 2017: $457,647
December 8, 2017: $469,713

Closing in--hope to graduate in March or April (market depending).
Title: Re: Race from 250 to 500k!
Post by: Mazzinator on December 08, 2017, 04:12:24 PM
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
Oct 17- $264

Nov 17- $270
Title: Re: Race from 250 to 500k!
Post by: facepalm on December 09, 2017, 08:48:35 PM
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
Oct 17- $264

Nov 17- $270
Welcome Aboard!
Title: Re: Race from 250 to 500k!
Post by: skip207 on December 12, 2017, 12:21:17 PM
Closing in on the end of the year.... hoping to put some money into savings due to work bonus its been a good year so far so be good to end the year with a nice big month.
Title: Re: Race from 250 to 500k!
Post by: gmdv on December 12, 2017, 06:55:28 PM



August 2017 - 295k

September 2017 - 310k
October 2017 - 314k
November 2017 - 319k
December 2017 - 328k
Title: Re: Race from 250 to 500k!
Post by: avp1234 on December 12, 2017, 10:45:26 PM
Long time reader of MMM, first time poster.  I guess I can go ahead and join you all since I just reached $250,000+.  Thought it would be a good way to look back and see how I'm doing.  Another biggie is we just paid off our mortgage (yay!).  I don't know if you all count your house, but I'm not since it is our forever home and I never plan on selling.  If I did, our net worth would be over $500,000.  Just going to count retirement savings. 

We are in our 40's, and we got a late start on saving, so we have a lot of catching up to do.  Wish I would have started saving a LONG time ago :(  Oh well!  Since we don't have a mortgage payment, hopefully we will really be able to bump it up. I also have a pension and I'm not counting that either.  Just retirement accounts and emergency fund.  Anyway, I'm officially in!

Title: Re: Race from 250 to 500k!
Post by: dystopic on December 14, 2017, 03:36:15 AM
16th March 2017 - $156,970.56
14th April 2017 - $172,158.80 (+$15,188.24)
18th May 2017 - $187,986.35 (+$15,827.55)
18th June 2017 - $219,742.03 (+$31,755.68) Whatever small amount I had in cryptocurrencies went bonkers 😳
14th July 2017 - $200,846.03 (-$18,896) - Vanguard dropped over 5% and the crypto portfolio dropped 34%. Additionally I paid for house renovation, moving, bond, and prepaid the rent. So the drop may look dramatic but it's really where it was 6 weeks ago. Also I own way more Vanguard units now than during the last update.
17th August 2017 - $228,106.09 (+$27,260.06) - Back on track, although I still have some big expenses coming up in the near future. Hoping to graduate by the end of October 2017.
26th September 2017 - $228,382.36 (+$276.27) - cryptos went down by the same amount as what I saved. I'm done with the big house related expenses now.
13th October 2017 - $256,067.92 (+$27,685.56) - Looks like I'm done here. Markets went back up + I'm back to big savings. My portfolio is pretty volatile due to the crypto exposure so it may come back under 250k at any point of time. Rebalancing would trigger massive tax so I'm leaving it for now. See you in the next thread. Good luck all!
...(moved to 250k->500k thread)
16th November 2017 - $312,757.72 (+$56,689.80) - cryptocurrency doing its thing😳
14th December 2017 - $472,428.34 (+$159,670.60) - over time I got used to crypto doubling every year but doubling every month made me liquidate big part of my portfolio. This went against my investment policy statement but elevated a lot of mental stress. Win. I also worked crazy overtime hours since the last update, keeping spendings low and everything else on track.
Title: Re: Race from 250 to 500k!
Post by: gmdv on December 17, 2017, 07:20:45 PM
16th March 2017 - $156,970.56
14th April 2017 - $172,158.80 (+$15,188.24)
18th May 2017 - $187,986.35 (+$15,827.55)
18th June 2017 - $219,742.03 (+$31,755.68) Whatever small amount I had in cryptocurrencies went bonkers
14th July 2017 - $200,846.03 (-$18,896) - Vanguard dropped over 5% and the crypto portfolio dropped 34%. Additionally I paid for house renovation, moving, bond, and prepaid the rent. So the drop may look dramatic but it's really where it was 6 weeks ago. Also I own way more Vanguard units now than during the last update.
17th August 2017 - $228,106.09 (+$27,260.06) - Back on track, although I still have some big expenses coming up in the near future. Hoping to graduate by the end of October 2017.
26th September 2017 - $228,382.36 (+$276.27) - cryptos went down by the same amount as what I saved. I'm done with the big house related expenses now.
13th October 2017 - $256,067.92 (+$27,685.56) - Looks like I'm done here. Markets went back up + I'm back to big savings. My portfolio is pretty volatile due to the crypto exposure so it may come back under 250k at any point of time. Rebalancing would trigger massive tax so I'm leaving it for now. See you in the next thread. Good luck all!
...(moved to 250k-&gt;500k thread)
16th November 2017 - $312,757.72 (+$56,689.80) - cryptocurrency doing its thing
14th December 2017 - $472,428.34 (+$159,670.60) - over time I got used to crypto doubling every year but doubling every month made me liquidate big part of my portfolio. This went against my investment policy statement but elevated a lot of mental stress. Win. I also worked crazy overtime hours since the last update, keeping spendings low and everything else on track.
Didn't think it's possible, but I'm actually getting nervous from seeing how fast your stash grow.
Title: Re: Race from 250 to 500k!
Post by: YoungGranny on December 18, 2017, 07:55:46 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
11/2017 - $473.4k
12/2017 - $482.5k


$502k

December bonus pushed us over the top. Pretty excited to graduate today :) Kind of an odd feeling because I can't tell any of my friends/family. Most of them have a lot of consumer debt/live paycheck-paycheck so $500k seems like an enormous sum (which it is). But to me, nothing really feels different. We're still saving towards the goal of FIRE and I still refuse to buy coffee at work since they upped the price $.25 (back in my day it was free! lol) See you all in the next group!
Title: Re: Race from 250 to 500k!
Post by: McStache on December 18, 2017, 07:58:42 AM
$502k

December bonus pushed us over the top. Pretty excited to graduate today :) Kind of an odd feeling because I can't tell any of my friends/family. Most of them have a lot of consumer debt/live paycheck-paycheck so $500k seems like an enormous sum (which it is). But to me, nothing really feels different. We're still saving towards the goal of FIRE and I still refuse to buy coffee at work since they upped the price $.25 (back in my day it was free! lol) See you all in the next group!

Congrats!!
Title: Re: Race from 250 to 500k!
Post by: RWD on December 18, 2017, 07:59:34 AM
$502k

December bonus pushed us over the top. Pretty excited to graduate today :) Kind of an odd feeling because I can't tell any of my friends/family. Most of them have a lot of consumer debt/live paycheck-paycheck so $500k seems like an enormous sum (which it is). But to me, nothing really feels different. We're still saving towards the goal of FIRE and I still refuse to buy coffee at work since they upped the price $.25 (back in my day it was free! lol) See you all in the next group!

Congrats! I understand the feeling of simultaneously having so much while still having a long ways to go.
Title: Re: Race from 250 to 500k!
Post by: FireRun on December 23, 2017, 07:09:43 PM
I'll jump in. It's been a good year. Stretch goal is to hit $500K by the end of next year.

1-2012: $5250
1-2013: $19330
1-2014: $52312
1-2015: $128996
1-2016: $159167
1-2017: $242885
2-2017: $253872
3-2017: $266676
4-2017: $273489
5-2017: $280016
6-2017: $289638
7-2017: $297872
8-2017: $308277
9-2017: $315125
10-2017: $327632
11-2017: $339597
12-2017: $353408
Title: Re: Race from 250 to 500k!
Post by: facepalm on December 24, 2017, 08:29:41 PM
I'll jump in. It's been a good year. Stretch goal is to hit $500K by the end of next year.

1-2012: $5250
1-2013: $19330
1-2014: $52312
1-2015: $128996
1-2016: $159167
1-2017: $242885
2-2017: $253872
3-2017: $266676
4-2017: $273489
5-2017: $280016
6-2017: $289638
7-2017: $297872
8-2017: $308277
9-2017: $315125
10-2017: $327632
11-2017: $339597
12-2017: $353408

Good goal!  You only need to come up with 150k!
Title: Re: Race from 250 to 500k!
Post by: Ladychips on December 27, 2017, 09:58:11 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
10/17 - $450,874
11/17 - $466,186

12/17 - $473,407

$112,515 increase this year.  Almost half contributions/half growth.  I have to keep reminding myself that this growth is abnormal and to never expect this again!

Hard to guess when I'll make $500,000 (my savings doesn't change much and growth is not predictable).  If no growth/no loss, I'm there by July 1.
Title: Re: Race from 250 to 500k!
Post by: TryingtoFIREinLAnow on December 27, 2017, 11:50:23 PM
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
10/2/2017:  $251,933
11/7/2017:  $266,000
12/27/2017:$280,000   
Title: Re: Race from 250 to 500k!
Post by: 2Birds1Stone on December 28, 2017, 09:55:03 AM
1/1/2012 - $30,000
1/1/2013 - $41,000
1/1/2014 - $60,000
1/1/2015 - $82,000
1/1/2016 - $140,000

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
10/01/17 - $328,500
11/01/17 - $340,500
12/01/17 - $349,000
01/01/18 - $360,000 (estimated)

$440,000 combined with SO.
Title: Re: Race from 250 to 500k!
Post by: facepalm on December 29, 2017, 05:24:38 AM
Apr-17   255,900
May-17  263,800
Jun-17   268,100
Jul-17    273,100
Aug-17  276,800
Sep-17  284,500
Oct-17   292,100
Nov-17  302,000
Dec-17  309,500

Another great month. I get my December check early since I  am off for the next two weeks.

I am up 190K this year. Some of it was a estate payout, and some was money I had but was not counting. Aside from that, I saved about 55K. Overall, very happy with my progress. Happy that I will keep the ability to contribute to both my 457(b) and 43(b) accounts.

Plan is to somehow get to 400K this year.
Title: Re: Race from 250 to 500k!
Post by: kaypinkHH on December 29, 2017, 07:37:33 AM
Another month, not great...we are only up ~1k...I'm wondering if something isn't tracking correctly on mint, but I'm too lazy to go figure it out, because that seems low.

House is planning to close on Jan 25th, at which point we liquidate some of that money, and I will move from this thread to the next! We bought a cheaper house with a rental suite, so next year looks promising for gains, even though there is a mat leave thrown in there.

Overall for 2017, I believe just with investments and savings, we were up ~125k (mostly from savings), this was an usually good year due to work situation. I don't expect growth like that going forward!

Even though we are doing really well, we still need to work on leaking money... somehow this month we still spent 5k. That seems way too high for what we spend our money on. (1.7k is mortgage, but still).
 
Title: Re: Race from 250 to 500k!
Post by: JLee on December 29, 2017, 01:13:15 PM
lol.  I am not entirely sure what I did the last time I posted - I updated how I calculated my net worth but appear to have either used October numbers for November, or mis-labeled November as October.  Whatever...at least it's going the right direction!

Code: [Select]
Date             Assets           Debts          Net Worth
October 2017 $370,483.90 -$120,007.15 $250,476.80
December 2017 $382,100.79 -$121,838.12 $260,262.67
Title: Re: Race from 250 to 500k!
Post by: neo von retorch on December 29, 2017, 06:36:34 PM
Net Worth
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)
10/31/2017:     $395,496 (+4,477)
11/30/2017:     $405,169 (+9,673)
12/31/2017:  $431,163 (+25,994)

So... big month. My net worth had the biggest jump I've ever logged... and my investments + cash accounts flew past $250k. So I'll be tracking both now on my march to $500k! Of course, part of this is just that I log quarterly. So about $13k total showed up all at once. But we had a better month than the previous few with lower spending, so this firehose of cash was put to good use.

Liquid + Investments
Quote
11/30/2017$244,302(+$5,973)
12/31/2017$269,821(+$25,519)
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on December 29, 2017, 11:44:08 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
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
October 2017 - $390,025
November 2017 - $400,070
December 2017 - $404,188

Not great month - I have not increased my home value on my tracking sheet this year - personal capital is reporting NW @ $454,000. For ease of knowing exactly where i am in savings rate I am going to leave it where it is on my personal tracking. 2018 WILL be my year - $500,000 - here i come!
Title: Re: Race from 250 to 500k!
Post by: skip207 on December 30, 2017, 03:32:37 AM
01/01/17   374668
01/02/17   388289
01/03/17   386895
01/04/17   400066
01/05/17   411208
01/06/17   421032
01/07/17   425821
01/08/17   434537
01/09/17   441247
01/10/17   450268
01/11/17   461926
01/12/17   464706
01/01/18   497097

+」122k over the year.  FIRE target of 2022 still on the table.

End of year bonus helped with this month (」15k) but still good numbers..

I hope to progress to the next thread on 1st Feb.




Title: Re: Race from 250 to 500k!
Post by: McStache on December 30, 2017, 10:12:10 AM
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
17-Sep   $251,872
This Quarter
17-Oct    $260,359
17-Nov   $273,545
17-Dec   $287,830

Got a solid bonus this month and the markets are still up, so another good month of gains
Title: Re: Race from 250 to 500k!
Post by: Guava on December 30, 2017, 01:53:55 PM
May 2017: $251k
June 2017: $257k
July 2017: $264k
August 2017: $269k
September 2027: $279k
October 2017: $286k
November 2017: $296k
December 2017: $302k

We had a pretty great year! We surpassed our expectations by a whole lot and we saved 40% of our gross. Of course we want to do better next year but I don't see our net worth increasing too much in 2018 because we are building a garage/workshop and remodelling a bathroom. But we have been planning for this for years.
Title: Re: Race from 250 to 500k!
Post by: bzzzt on December 30, 2017, 05:52:59 PM
Dec 2015 = $288k
Dec 2016 = $331k
Dec 2017 = $440k!

It would have been even higher but I paid my first half of 2018 property taxes and bought some items for work that I won't be able to deduct after this year.

It's too early to know when I'll complete this race though. I only had 3 weeks off this year, worked 50+ hours/week for half the year, and my wife was off on maternity leave for a while. So, childcare costs were low and the OT contract is over, so I doubt next year will be as great. Hopefully, I'll be bugging out of here by the end of 2018.

Thanks 2017! You've been great! I never though I'd have a $100+k NW gain!
Title: Re: Race from 250 to 500k!
Post by: JJsfr on December 31, 2017, 06:45:21 AM
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
Oct 2017  $327k
Nov 2017 $331k

Dec 2017  $338k

Another year where I still feel like I don't know what I'm doing but we grew $63k.
Title: Re: Race from 250 to 500k!
Post by: Mazzinator on December 31, 2017, 07:26:50 AM
Thanks for the welcome! I知 excited to be here!!

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
Oct 17- $264
Nov 17- $270

Dec 17- $276
Title: Re: Race from 250 to 500k!
Post by: FireRun on December 31, 2017, 08:00:22 AM
I'll jump in. It's been a good year. Stretch goal is to hit $500K by the end of next year.

1-2012: $5250
1-2013: $19330
1-2014: $52312
1-2015: $128996
1-2016: $159167
1-2017: $242885
2-2017: $253872
3-2017: $266676
4-2017: $273489
5-2017: $280016
6-2017: $289638
7-2017: $297872
8-2017: $308277
9-2017: $315125
10-2017: $327632
11-2017: $339597
12-2017: $353408
1-2018: $363983


Another 10K+ gain month to wrap up a great year. Just about a 50% increase yoy.
Title: Re: Race from 250 to 500k!
Post by: Rife on December 31, 2017, 08:13:21 AM
Net worth not counting house equity:

Jan 2017: $305,000
Mar 2017: $340,000
June 2017: $368,000
Dec 2017: $439,000

Helped by a very strong year in the market we should make it in 2018.
Title: Re: Race from 250 to 500k!
Post by: Res Ipsa on December 31, 2017, 05:14:20 PM
June 1, 2017: $349,328
July 1, 2017: $362,675
Aug. 1, 2017: $373,748
Sep 1, 2017: $378,549 (bought a new house...I know, I know)
Oct 1, 2017: $389,829
Nov. 1, 2017: $396,444
December 1, 2017: $407,245
January 1, 2018: $412,626

2017 was a great year for investment gains.  Keep telling myself that's not likely to repeat itself.  Can't control market forces so I don't have a specific time goal for hitting $500k, but I do have a goal of saving/investing 50%+ of my take home/discretionary income in 2018 (50%+ of amounts left after paying taxes, insurance and mortgage). 
Title: Re: Race from 250 to 500k!
Post by: Rowellen on December 31, 2017, 11:07:53 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
Nov 2017 $448k (added in $10k of shares previously excluded)
Dec 2017 $450k

Jan 2018 $460k wow. Tracking net worth is so motivating. I don't know why I didn't do it sooner. +$92k in one year. Incredible.
Title: Re: Race from 250 to 500k!
Post by: turketron on December 31, 2017, 11:17:25 PM
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
Nov 1 2017: $266,140.14
Dec 1 2017: $279,806.93

Jan 1 2018: $283,829.36
Title: Re: Race from 250 to 500k!
Post by: dandypandys on January 01, 2018, 04:44:26 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..
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 :)
Nov 2nd:  $314
Dec 4th $322.5k   

2018
Jan 1st:$316.5k bought a used car and a new stove.. spendy month but 64.5k up for the year! :)
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on January 01, 2018, 08:09:36 AM
2017

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: 297,489
Oct 1: 303,111
Nov 1: 309,583
Dec 1: 316,618

2018
Jan 1: 322,183

My number was higher a few days ago but I decided to pay my 2018 property taxes early.  I would like to hit 400k this year but it all depends on the market. Happy new year everyone!!!
Title: Re: Race from 250 to 500k!
Post by: AK on January 01, 2018, 12:12:20 PM
Just graduated to here at 253. Hoping to increase the net worth to $350 by the end of the year and possibly $400 as a stretch goal.

Other goals: Pay off student loans this year using various reward credit cards to acquire various travel rewards. Hoping to get the Southwest companion pass in this first quarter.

Good luck everyone!
Title: Re: Race from 250 to 500k!
Post by: Sailor Sam on January 01, 2018, 12:44:53 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
1-Nov-2017:  $475,240
1-Dec-2017:  $484,524

1-Jan-2018:  $496,452
Title: Re: Race from 250 to 500k!
Post by: Rowellen on January 01, 2018, 07:40:09 PM
Wow Sailor Sam. So close!

Welcome AK.
Title: Re: Race from 250 to 500k!
Post by: Sweet_Flips on January 02, 2018, 07:00:36 AM
UPDATED!

02/2017--$258,181.90
03/2017--$266,011.19
04/2017--$273,921.39
05/2017--$279,950.03
06/2017--$283,579.43
07/2017--$290,723.87
---------------------------Forgot to post for a few months
10/2017--$314,559.32
11/2017--$325,341.62
12/2017--$337,036.75 <--hoping to hit $400K in 2018
Title: Re: Race from 250 to 500k!
Post by: afuera on January 02, 2018, 10:45:09 AM
12/1/2017: INV-$256,324.07    NW-$266,011.53

1/1/2018: INV-$265,731.22    NW-$277,837.89

We still have ~$40K in limbo with about half owed to the contractor to finish repairs.  We will have a little extra to invest come February when we are done paying for rent on top of our mortgage and all the insurance payouts, contractor bills, and appliances costs are finished.
Title: Re: Race from 250 to 500k!
Post by: kapnfriday on January 02, 2018, 02:15:04 PM
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)
10-2017: $485,217 (+12.9k)
11-2017: $501,933 (+16.7k)
12-2017: $510,037 (+8.1k)

Friends,

It is with mixed emotions (not really) that I announce today that I have graduated from this thread and will be joining the big kids* in the race from $500k to $1M thread. 

My first post in this thread was Dec. 9, 2016 when we had invested assets of $385k and I didn't think we'd get to $500k by the end of 2017. 

Wishing you all the best on your continued journeys. You will get there!

*please promise to take me back if the big kids kick me out - thanks. 
Title: Re: Race from 250 to 500k!
Post by: Ladychips on January 02, 2018, 07:28:18 PM
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)
10-2017: $485,217 (+12.9k)
11-2017: $501,933 (+16.7k)
12-2017: $510,037 (+8.1k)

Friends,

It is with mixed emotions (not really) that I announce today that I have graduated from this thread and will be joining the big kids* in the race from $500k to $1M thread. 

My first post in this thread was Dec. 9, 2016 when we had invested assets of $385k and I didn't think we'd get to $500k by the end of 2017. 

Wishing you all the best on your continued journeys. You will get there!

*please promise to take me back if the big kids kick me out - thanks.

Congratulations.  Don't come back here...just be waiting for us all when we get there!!
Title: Re: Race from 250 to 500k!
Post by: Mustachio Bashio on January 02, 2018, 11:39:51 PM
With today's crazy market, I just crossed over the threshold from the previous race.  Posting to follow till the start of next month, since I figure the market will probably have a little dip after the jump today, so I'll wait till I'm more securely on this side of the of the line.  In the meantime, hi!
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer on January 03, 2018, 04:23:39 AM
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
11/1/2017:  $302,991
12/1/2017:  $303,901
1/1/2018:  $292,875

Well it finally happened, NW was down $11k last month.  This was due to a pullback in a couple of my "picked" stocks.  After the tremendous run-up they enjoyed a retrenchment was inevitable.  The long-term prospects haven't changed though, so I'm holding long and strong.

I certainly can't complain about 2017.  We are up $122k which is a 71.4% growth.  I attribute 75% of that to investment gains and 25% to our newfound MMM frugality.  We still have improvements to make but the ship is moving in the right direction.

Best wishes to all in 2018!!

P.S.  The dog remained healthy this month.
Title: Re: Race from 250 to 500k!
Post by: Pizzabrewer on January 03, 2018, 03:07:06 PM
So after posting this morning, my portfolio of "stock picks" closed up almost $7k today. 

You don't get that level of excitement with index funds...
Title: Re: Race from 250 to 500k!
Post by: mrteacher on January 04, 2018, 07:38:20 AM
Just crossed the $250,000 mark yesterday! Posting to follow. I am looking forward to "officially" posting at the beginning of February!
Title: Re: Race from 250 to 500k!
Post by: McStache on January 04, 2018, 08:28:15 AM
Just crossed the $250,000 mark yesterday! Posting to follow. I am looking forward to "officially" posting at the beginning of February!

Welcome!!
Title: Re: Race from 250 to 500k!
Post by: Sailor Sam on January 04, 2018, 09:37:40 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
1-Nov-2017:  $475,240
1-Dec-2017:  $484,524

1-Jan-2018:  $496,452

Graduated!

My networth was $252,091 on 29-Aug-2014, and is $502,569 on 4-Jan-2017. A little under 3.5 years.
Title: Re: Race from 250 to 500k!
Post by: McStache on January 04, 2018, 02:53:06 PM
Graduated!

My networth was $252,091 on 29-Aug-2014, and is $502,569 on 4-Jan-2017. A little under 3.5 years.

Congrats!!  See you in the next race a few years down the road
Title: Re: Race from 250 to 500k!
Post by: Whiskers on January 09, 2018, 08:56:47 PM
Gonna throw my hat into the ring on this thread. It's crazy to go back and see the progress over the years. I came out of grad school in 2010 with $90k in student debt, without a pot to piss in, earning $40k a year. Four years ago this month, I was celebrating a zero net worth after a long period of focusing on attacking the loans. At that time, I decided to refocus my efforts on saving and investing more and to not go as crazy on the loans. Just last week, my personal investment accounts crossed the $250k mark for the first time. And this week, I will be making my final student loan payment. It feels great!

It's a little surreal for me getting to this point. I'm in the camp where it has felt like a big deal. Both of these goals, paying off the student loans and hitting $250k in investments, have been on my mind for so long and now both have been achieved... at practically the same time. I do feel different-- "rich" in the sense that my financial anxieties already seemed to have lessened. I don't feel prisoner to any debt and I have confidence in my nest egg. Now, in my 34th year, my traditional retirement (e.g. 65+) is already taken care of and all efforts moving forward will continue to shave off the years until true financial independence. (Now I know everyone uses their own form of accounting; I'll be following based on my personal investments/retirement accounts--separate from the wife's).
Title: Re: Race from 250 to 500k!
Post by: tightwaddy on January 10, 2018, 05:37:03 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
September 10, 2017: $435,887
October 13, 2017: $446,859
November 9, 2017: $457,647
December 8, 2017: $469,713
January 10, 2018: $485,435

The finish line for this thread is in sight--Once February contributions hit in early March, I hope to graduate!
Title: Re: Race from 250 to 500k!
Post by: skip207 on January 10, 2018, 03:16:47 PM
Woohoo!

Tracker currently showing 」500,040!

I know its not the end of the month but I am going to call that mission accomplished!!

Moving onwards and upwards.

Roughly 26 months from 250k to 500k.

See you all in the next thread.

:)
Title: Re: Race from 250 to 500k!
Post by: gmdv on January 11, 2018, 08:12:36 PM



August 2017 - 295k

September 2017 - 310k
October 2017 - 314k
November 2017 - 319k
December 2017 - 328k
January 2018 - 336k
Title: Re: Race from 250 to 500k!
Post by: jpeizie on January 12, 2018, 08:32:08 AM
Dec 2016: $212k
Dec 2017: $282k

I never would have believed we could increase our savings by $70k in one year. That is incredible. And we didn't have a particularly good year as far as savings rate goes, either. Hoping to put away $50k in 2018!
Title: Re: Race from 250 to 500k!
Post by: tyort1 on January 12, 2018, 09:50:45 AM
Dec 2016 - $204k
March 2017 - $301k
June 2017 - $320k
Sept 2017 - $339k
Dec 2017 - $364k


Changed it to quarterly instead of monthly - its more inspiring to see the bigger jumps in the numbers, IMO.  Wow, what a crazy good year last year was.
Title: Re: Race from 250 to 500k!
Post by: TryingtoFIREinLAnow on January 12, 2018, 03:32:40 PM
05/01/2017:  $198,456
05/15/2017:  $200,404   
05/31/2017:  $207,044
06/15/2017:  $213,996
07/05/2017:  $219,933
07/17/2017:  $225,853
08/01/2017:  $228,504
08/24/2017:  $228,854
09/01/2017:  $237,500
09/19/2017:  $245,500
10/02/2017:  $251,933
11/07/2017:  $266,000
12/27/2017:  $280,000
The combination of taking a money job at a company notorious for burning out its workers quickly and the getting scary stock market run that you can chalk up to the current POTUS or not has put us well over $100k of savings in a year - something I never would have thought possible!!

01/12/2018:  $300,768

Just took a decent size pay cut in order to get out of NYC and the soul crushing schedule and corporate culture of the aforementioned well paid job, so I'll be putting less into the ol' Vanguard each month - still getting settled in the new HCOL city so we'll see how it stacks up to NYC, which was hella $$$ but after many years of being broke there I knew the tips and tricks to living there frugally......also January NW includes a couple Gs of Crypto that I bought on a late night whim w some friends, so that'll probably go up in smoke fairly soon...
We'll see over the next few months how this life change pans out for the FIRE quest.....
Title: Re: Race from 250 to 500k!
Post by: McStache on January 13, 2018, 12:27:58 PM
Just took a decent size pay cut in order to get out of NYC and the soul crushing schedule and corporate culture of the aforementioned well paid job, so I'll be putting less into the ol' Vanguard each month - still getting settled in the new HCOL city so we'll see how it stacks up to NYC, which was hella $$$ but after many years of being broke there I knew the tips and tricks to living there frugally......also January NW includes a couple Gs of Crypto that I bought on a late night whim w some friends, so that'll probably go up in smoke fairly soon...
We'll see over the next few months how this life change pans out for the FIRE quest.....

@TryingtoFIREinNYC Congrats! Does this mean a name change is coming soon?
Title: Re: Race from 250 to 500k!
Post by: 4n6 on January 13, 2018, 05:23:35 PM
At the beginning of 2017 we were at 243k. At the end of 2017 we were at 386k and now we are at 409k. It is possible, not probable, but possible that we could hit 500k by the end of the year. That would be great, but it would require the market to continue with solid returns.
Title: Re: Race from 250 to 500k!
Post by: facepalm on January 13, 2018, 05:59:09 PM
Dec 2016 - $204k
March 2017 - $301k
June 2017 - $320k
Sept 2017 - $339k
Dec 2017 - $364k


Changed it to quarterly instead of monthly - its more inspiring to see the bigger jumps in the numbers, IMO.  Wow, what a crazy good year last year was.
Nice Work!
Title: Re: Race from 250 to 500k!
Post by: tyort1 on January 18, 2018, 04:29:40 PM
Dec 2016 - $204k
March 2017 - $301k
June 2017 - $320k
Sept 2017 - $339k
Dec 2017 - $364k


Changed it to quarterly instead of monthly - its more inspiring to see the bigger jumps in the numbers, IMO.  Wow, what a crazy good year last year was.
Nice Work!

Thanks!  I think I'll add in the early days, from when I first started tracking a bit less than 3 years ago:

Sept 2015 - $125k
Dec 2015 - $153k
March 2016 - $157k
June 2016 - $178
Sept 2016 - $192k
Dec 2016 - $204k
March 2017 - $301k
June 2017 - $320k
Sept 2017 - $339k
Dec 2017 - $364k
Today - $380k
Title: Re: Race from 250 to 500k!
Post by: dystopic on January 18, 2018, 04:46:57 PM
16th March 2017 - $156,970.56
14th April 2017 - $172,158.80 (+$15,188.24)
18th May 2017 - $187,986.35 (+$15,827.55)
18th June 2017 - $219,742.03 (+$31,755.68) Whatever small amount I had in cryptocurrencies went bonkers 😳
14th July 2017 - $200,846.03 (-$18,896) - Vanguard dropped over 5% and the crypto portfolio dropped 34%. Additionally I paid for house renovation, moving, bond, and prepaid the rent. So the drop may look dramatic but it's really where it was 6 weeks ago. Also I own way more Vanguard units now than during the last update.
17th August 2017 - $228,106.09 (+$27,260.06) - Back on track, although I still have some big expenses coming up in the near future. Hoping to graduate by the end of October 2017.
26th September 2017 - $228,382.36 (+$276.27) - cryptos went down by the same amount as what I saved. I'm done with the big house related expenses now.
13th October 2017 - $256,067.92 (+$27,685.56) - Looks like I'm done here. Markets went back up + I'm back to big savings. My portfolio is pretty volatile due to the crypto exposure so it may come back under 250k at any point of time. Rebalancing would trigger massive tax so I'm leaving it for now. See you in the next thread. Good luck all!
...(moved to 250k->500k thread)
16th November 2017 - $312,757.72 (+$56,689.80) - cryptocurrency doing its thing😳
14th December 2017 - $472,428.34 (+$159,670.60) - over time I got used to crypto doubling every year but doubling every month made me liquidate big part of my portfolio. This went against my investment policy statement but elevated a lot of mental stress. Win. I also worked crazy overtime hours since the last update, keeping spendings low and everything else on track.
19th January 2018 - $437,933.25 (-$34,495.10) - the crypto dip set me back to values from early December. Not complaining.
Title: Re: Race from 250 to 500k!
Post by: retireatbirth on January 19, 2018, 03:09:18 PM
New guy here just graduated from the last thread

April 28,2017: $253,000

July 7, 2017: $266,000

November 13, 2017: $299,000

January 19, 2017: $326,000

Not bad. $27k in a little over 2 months. $60k in about 6 months. $73k in 9 months. This is the fastest I've ever grown due to some EOY stuff and of course market returns.
Title: Re: Race from 250 to 500k!
Post by: TryingtoFIREinLAnow on January 23, 2018, 04:12:02 PM
@McStache  --- See above! I hadn't even thought about it - - as you can see from the updated handle, its kinda out of the frying pan and into the fire as far as cost of living....but the weather....oh the weather!!!

05/01/2017:  $198,456
05/15/2017:  $200,404   
05/31/2017:  $207,044
06/15/2017:  $213,996
07/05/2017:  $219,933
07/17/2017:  $225,853
08/01/2017:  $228,504
08/24/2017:  $228,854
09/01/2017:  $237,500
09/19/2017:  $245,500
10/02/2017:  $251,933
11/07/2017:  $266,000
12/27/2017:  $280,000
01/12/2018:  $300,768
01/23/2018:  $305,566

--stock market up, crypto down (haha) ---- cannot believe how much the stock market is up this month---starting to get a sinking feeling - there's gotta be a correction on the way - this is just too easy......
Title: Re: Race from 250 to 500k!
Post by: TryingtoFIREinLAnow on January 23, 2018, 04:19:07 PM
@dystopic
Congrats on taking advantage of the crypto wave and knowing when to hold and when to fold!!  Looks like you took some gains w you before the inevitable........
Title: Re: Race from 250 to 500k!
Post by: JLee on January 25, 2018, 10:39:15 PM
2017
Code: [Select]
Date             Assets           Debts          Net Worth
October 2017 $370,483.90 -$120,007.15 $250,476.80
December 2017 $382,100.79 -$121,838.12 $260,262.67

2018
Code: [Select]
Date             Assets           Debts          Net Worth
January 2018 $390,088.91 -$119,841.70 $270,247.21

Next month is bonus month! :D
Title: Re: Race from 250 to 500k!
Post by: SAfAmBrit on January 29, 2018, 10:07:05 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
October 2017 - $390,025
November 2017 - $400,070
December 2017 - $404,188
January 2018 - $419426

Stock market is charging --- you know it has to break. I will take the best month i think we have ever had! I think we are starting to see compounding at work! I have a new job, (40% raise) this year is hopefully going to fly!
Title: Re: Race from 250 to 500k!
Post by: ender on January 29, 2018, 10:13:56 AM
wow @SAfAmBrit your numbers are close to ours. though you are outpacing us :P

Something I like doing is keeping track in my tracking a net worth "difference from 12 months ago" column. It's kind of crazy to see... six figure difference in a years worth of net worth. Kind of mind blowing, though saving a boatload worth of stuff helps I guess...

Title: Re: Race from 250 to 500k!
Post by: Sweet_Flips on January 30, 2018, 10:50:57 AM
UPDATED!

02/2017--$258,181.90
03/2017--$266,011.19
04/2017--$273,921.39
05/2017--$279,950.03
06/2017--$283,579.43
07/2017--$290,723.87
---------------------------Forgot to post for a few months
10/2017--$314,559.32
11/2017--$325,341.62
12/2017--$337,036.75 <--hoping to hit $400K in 2018
01/2018--$354,033.39
Title: Re: Race from 250 to 500k!
Post by: kaypinkHH on January 31, 2018, 01:34:26 PM
Well...this month has been a bit nuts.

1. Sold our HCOL house. Money was transferred to new location Lawyer to pay off down payment on LCOL house. Closed on LCOL house today. We are getting the difference by close of business today, so I'm counting it.
2. Had to spend a LOT of money this month- moving costs, 1x purchases for new house stuff, travel for moving etc.
3. Organized our finances, trying to get away from having 17 accounts into more manageable buckets- $0 impact, but feels good to have done.

Grand total (cash and investments), as of today Jan 31st at 4 pm:

$499,258

WHAT!!! COMEEE ONNNNNN. Anyone want to loan me $742?

I get paid tomorrow, I promise I can pay you back!!

...
Asides: From the attached spreadsheet if I count housing our net worth seems to have dropped 65k. Some of this is closing costs and property taxes etc. but it seems really high. I'm just going to ignore it. The almost 500k is the number that really matters. In the next thread I'll wipe my housing history and start fresh!

Note, this is household, not individual.
Title: Re: Race from 250 to 500k!
Post by: facepalm on January 31, 2018, 05:15:33 PM
Apr-17   255,900
May-17  263,800
Jun-17   268,100
Jul-17    273,100
Aug-17  276,800
Sep-17  284,500
Oct-17   292,100
Nov-17  302,000
Dec-17  309,500
Jan-18   318,100

It would have been higher but I got all spendypants and bought camping gear for next season. Someone smack me in the face.

Title: Re: Race from 250 to 500k!
Post by: Ladychips on January 31, 2018, 06:21:58 PM

1/17   - $352,398
5/17   - $378,770
6/17   - $401,823
7/17   - $425,070
8/17   - $428,620
9/17   - $449,356
10/17 - $450,874
11/17 - $466,186
12/17 - $473,407


1/18 - $496,807.73

Last month, I thought I was a long way from $500,000.  Last week I thought I was there!  Now...I'm close but no cigar.  Maybe next month...  Doesn't really matter.  I'm socking away what I can sock away.
Title: Re: Race from 250 to 500k!
Post by: Ladychips on January 31, 2018, 06:25:50 PM

$499,258

WHAT!!! COMEEE ONNNNNN. Anyone want to loan me $742?

I get paid tomorrow, I promise I can pay you back!

Oh, that's tough!  Here's hoping you'll make it next month!
Title: Re: Race from 250 to 500k!
Post by: JJsfr on January 31, 2018, 08:48:47 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
Oct 2017  $327k
Nov 2017 $331k
Dec 2017  $338k

Jan 2018 $356k

The stock market is silly.
Title: Re: Race from 250 to 500k!
Post by: facepalm on January 31, 2018, 09:01:06 PM

Grand total (cash and investments), as of today Jan 31st at 4 pm:

$499,258

WHAT!!! COMEEE ONNNNNN. Anyone want to loan me $742?

I get paid tomorrow, I promise I can pay you back!!


What interest rate can you tolerate? ;-)
Title: Re: Race from 250 to 500k!
Post by: MrsWolfeRN on February 01, 2018, 02:51:24 AM
2017

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: 297,489
Oct 1: 303,111
Nov 1: 309,583
Dec 1: 316,618

2018
Jan 1: 322,183
Feb 1: 332,735
Still up 10k for the month in spite of "losing" 3k in the last 2 days
Title: Re: Race from 250 to 500k!
Post by: Rowellen on February 01, 2018, 04:27:31 AM
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
Nov 2017 $448k (added in $10k of shares previously excluded)
Dec 2017 $450k
Jan 2018 $460k

Feb 2018 $465k not bad considering my spreadsheet tells me I had a savings rate of -57% this month. Had a few large annual bills come through and income was down due to DH not working much over the school holidays. All expected but makes makes it look like we're off to a bad start for the year.
Title: Re: Race from 250 to 500k!
Post by: mrteacher on February 01, 2018, 07:22:12 AM
Thrilled to be joining this thread! I cannot believe how quickly I (now we!) raced from $100k-$250k!

Here is that journey:
4/1/16: $100,869
5/1/16: $104,268
6/1/16: $107,087
7/1/16: $112,489
8/1/16: $118,328
9/1/16: $120,838
10/1/16: $124,626
11/1/16: $126,949
12/1/16: $132,846
1/1/17: $141,336
2/1/17: $145,890
3/1/17: $152,308
4/1/17: $155,552
5/1/17: $160,430
6/1/17: $165,384
7/1/17: $174,224
8/1/17: $175,435
9/1/17: $220,249
10/1/17: $228,472
11/1/17: $237,860
12/1/17: $244,233
1/1/18: $249,568

And on 2/1 we are sitting at $264,304.

January was quite a month in the market! Hard to forecast when we will hit $500k, but I'd hope for somewhere between three and five years.
Title: Re: Race from 250 to 500k!
Post by: AK on February 01, 2018, 07:57:33 AM
Well...this month has been a bit nuts.

1. Sold our HCOL house. Money was transferred to new location Lawyer to pay off down payment on LCOL house. Closed on LCOL house today. We are getting the difference by close of business today, so I'm counting it.
2. Had to spend a LOT of money this month- moving costs, 1x purchases for new house stuff, travel for moving etc.
3. Organized our finances, trying to get away from having 17 accounts into more manageable buckets- $0 impact, but feels good to have done.

Grand total (cash and investments), as of today Jan 31st at 4 pm:

$499,258

WHAT!!! COMEEE ONNNNNN. Anyone want to loan me $742?

I get paid tomorrow, I promise I can pay you back!!

...
Asides: From the attached spreadsheet if I count housing our net worth seems to have dropped 65k. Some of this is closing costs and property taxes etc. but it seems really high. I'm just going to ignore it. The almost 500k is the number that really matters. In the next thread I'll wipe my housing history and start fresh!

Note, this is household, not individual.

haha. Thanks for the laugh.
Title: Re: Race from 250 to 500k!
Post by: kaypinkHH on February 01, 2018, 08:50:59 AM
Got paid today..now have over 500k!!!

We can all stop laughing at my misfortune :P.

I'll do a real update at the end of next mo