Author Topic: Race from 500k to 1M!  (Read 703619 times)

savinglabor

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Re: Race from 500k to 1M!
« Reply #3850 on: April 04, 2024, 10:24:49 AM »
Lots of necessary expenses this month.
2019               2020               2021               2022               2023               2024               
January-44,750.37124,571.05231,886.45372,271.58585,804.36
February-44,340.50132,698.45231,214.97360,189.81625,027.81
March-44,128.85168,620.01290,051.36385,218.96634,923.18
April-52,984.26178,498.68272,416.55394,867.38-
May-64,643.56185,394.29277,138.86399,237.77-
June-72,351.50192,410.36261,884.01441,114.80-
July-81,949.59200,596.47311,068.25467,360.56-
August-91,046.33207,874.40305,249.55463,301.26-
September-93,378.66203,750.29287,835.53438,606.06-
October-95,546.58219,912.03309,232.08436,738.49-
November-111,353.30223,561.62332,843.21490,244.25-
December46,714.89124,571.05239,171.06330,067.57550,882.90-


solon

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Re: Race from 500k to 1M!
« Reply #3851 on: April 05, 2024, 03:27:34 AM »
2018               2019               2020               2021               2022               2023               2024               2025               
January132,155177,349282,110344,002562,144566,920658,932-
February138,015188,332290,845360,553550,651603,222685,235-
March138,469187,634288,022367,222545,172612,629696,088-
April148,093197,461257,224387,064575,922616,858701,387-
May158,814194,010276,627398,896547,618618,599--
June161,284186,414299,563407,230541,730644,443--
July160,446196,934304,249418,701527,166660,703--
August168,222267,535318,456520,045577,017656,843--
September184,158268,153324,661527,305561,402658,526--
October189,536271,542317,511520,004545,003647,666-$1M!
November184,146283,636323,958552,965554,486632,663--
December182,675287,248341,124542,337581,821658,487--


snoot

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Re: Race from 500k to 1M!
« Reply #3852 on: April 05, 2024, 11:07:19 AM »
01/2018 $67,602
01/2019 $101,315
01/2020 $196,633
01/2021 $276,482
01/2022 $353,077
01/2023 $404,419
---
01/2024 $535,903
02/2024 $551,717
03/2024 $556,084

Great work, everyone!

Dr Kidstache

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Re: Race from 500k to 1M!
« Reply #3853 on: April 05, 2024, 03:11:48 PM »
Apr 5 2019: $523,606 -> crossed 500k threshold
May 6 2019: $536,891
Jun 6 2019: $528,014
Jul 10 2019: $569,181
Aug 5 2019: $547,229
Sep 5 2019: $569,689 
Oct 5 2019: $579,502 
Nov 5 2019: $602,772   
Dec 5 2019: $607,806
Jan 5 2020: $634,119 
Feb 5 2020: $642,031
Mar 5 2020: $619,455
Apr 5 2020: $525,283
May 5 2020: $587,254 
June 5 2020: $654,920
July 5 2020: $650,510
Aug 5 2020: $685,038
Sept 5 2020: $704,156
Oct 5 2020: $706,274
Nov 5 2020: $733,378
Dec 5 2020: $812,902
Jan 5 2021: $829,260
Feb 5 2021: $865,479
Mar 5 2021: $862,635
Apr 5 2021: $902,462
Jun 6 2021: $954,561
Jul 5 2021: $958,034
Aug 5 2021: $968,721
Sept 5 2021: $1,002,515   
Oct 6 2021: $971,883
Nov 5 2021: $1,017,020
Dec 5 2021: TNW $977, 498 / Investments $644,114  <-- Bought house
Jan 5 2022: TNW  $974,113 / Investments $680,246
Feb 5 2022: TNW $989,468 / Investments $668,804
Mar 5 2022: TNW $976,348 / Investments $651,576
Apr 5 2022: TNW $1,030,421 / Investments $680,695
May 5 2022: TNW $1,028,363 / Investments $641,593
July 5 2022: TNW $1,039,389 / Investments $601,245
Aug 5 2022: TNW $1,122,143 / Investments $637,929
Sept 5 2022: TNW $1,122,124 /  Investments $613,238
Oct 5 2022: TNW $1,095,655 / Investments $596,262
Nov 5 2022: TNW $1,108,755 / Investments $608,571
Dec 5 2022: TNW $1,208,503  /  Investments $657,325
Jan 5 2023:  TNW $1,194,656  /  Investments $644,832
Feb 5 2023:  TNW $1,236,363  /  Investments $695,406
Mar 5 2023:  TNW $1,227,644  /  Investments $694,838
Apr 5 2023: TNW $1,142,895  /  Investments $694,706
May 5 2023: TNW $1,069,445  /  Investments $705,448
Jun 5 2023:  TNW $1, 106,083  /  Investments $719,253 
Jul 5 2023:  TNW $1,152,477  /  Investments $741,551
Aug 5 2023:  TNW $1,165,448  /  Investments $757,157   
Sept 5 2023:  TNW $1,159,005  /  Investments $748,000
Oct 5 2023:  TNW $1,171,796  /  Investments $715,779
Nov 5 2023:  TNW $1,144,681  /  Investments $726,801
Dec 5 2023:  TNW $1,248,768  /  Investments $781,275
Jan 5 2024:  TNW $1,264,922  /  Investments $815,800
Feb 5 2024:  TNW $1,290,726  /  Investments $827,529
Mar 7 2024:  TNW $1,367,349 / Investments $870,729

Apr 5 2024:  TNW $1,412,520 / Investments $891,329 ($20,600)

Whiskers

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Re: Race from 500k to 1M!
« Reply #3854 on: April 07, 2024, 09:08:35 PM »
*April 2024 - Just hit $900k in investments. This is a meaningful milestone for me as it came after a significant setback. Within days after my last post, the market retracted. I had rode a number of individual growth stocks that seemed to be popular among retail investors. The gains had been too good to be true. Most of these stocks tanked spectacularly over a period of months as the market dipped. I soon found myself $250k down from Nov. 2021 highs. A very humbling experience which taught me a lot about what I didn’t know. I’m 40 now and haven’t hit that magic number needed to graduate this thread, but will be there soon.

*November 2021 - Just hit $800k in investments… 4/5 of the way to a million. Hard to believe that my number has doubled in under two years! Present goal is to hit $1M by January 2024 (before 40th BDay). It’s going to take some great returns to do it.

August 2021 - Just hit $750k in investments… 3/4 of the way to 7 figures!

Joining the ranks of you folks chasing that seven-figure milestone! (To keep my journey consistent, I’m going to be following based on my personal investments / retirement accounts—separate from the wife's—and not counting the home value).

This weekend, April 2021, I hit a major milestone: $700k at 37-years-old.

Looking back at notes from ‘Race from 250 to 500k!’, here’s a brief recap:
*June 2010 - Finish grad school, 26 y/o, $90k+ in debt; new job at $40k/year
*May 2015 - (I think) - First crossed $100k at 31 y/o
*January 2018 - Passed the $250k mark
*April 2019 - Hit $312.5k
*June 2019 - 1/3 of the way to $1M
*February 2020 - Hit $400k
*November 2020 - Eclipsed $500k (and finished the ‘Race from 250 to $500k!’)

lexde

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Re: Race from 500k to 1M!
« Reply #3855 on: April 08, 2024, 01:51:02 PM »

Net Worth by End-of-Year:
2016 (start): ($27,015.16)
2017: $2,474.33
2018: $33,203.90
2019: $68,192.96
2020: $130,715.91
2021: $296,922.14
2022: $400,055.05
Current: $519,129.00

Goals Breakdown
Q4 2023: $540K
Q1 2024: $580K
Q2 2024: $620K
Q3 2024: $660K
Q4 2024: $700K

Q1 2025: $740K
Q2 2025: $780K
Q3 2025: $820K
Q4 2025: $860K
Q1 2026: $900K
Q2 2026: $940K
Q3 2026: $980K
Q4 2026: $1M

November 18, 2023: $580,473.22 as of this morning. Small market upswing plus a fairly large payment from my business deal earlier this year means I hit both my Q4 2023 and Q1 2024 goals well in advance on paper. Some of this will be taken out for taxes, but it’s been a crazy month for progress toward my goals.

December 1, 2023: $603,891.35 as of today's paycheck. Approximately $27K of this is earmarked for taxes, so I'm sitting at around $576K "true" net worth. I've reached out to my CPA to see if I can to do anything before year end to reduce that bill.
January 18, 2024: $601,752.29 as of today. This is the adjusted "true" net worth after taking out the tax account I have earmarked (currently sitting just under $45k). So I'm well on my way to my Q2 goal of $620K early, but I also have a lot of work that needs to be done around the house. I just paid for a bathroom remodel, and have a lot of other work that needs to be done (water penetration issues and remediation). Overall doing well and feeling good about the progress I'm making.
February 12, 2024: Weird mid-month update I guess. $622,698.18 adjusted "true" net worth with earmarked taxes taken out of consideration. Hit Q2 goal already, but I likely won't hang onto it for too long since I still have a LOT of work around the house to get done. I'm hoping to keep the kitchen + flooring + drywall down to ~$25K or so but we'll see. Already $23K in this year between bathroom, re-grading the lawn, and installing gutters and french drains.
March 6, 2024: $628,383.97 for now after bathroom, re-grading lawn, and installing gutters and french drains at the house. Still have more work to do, but just glad NW is still mostly holding through the spending. I'll go ahead and mark my quarterly goal as met, ahead of the curve and still waiting on some disbursements.
April 8, 2024: $704,138.33. Still doesn't really feel real, but I'm going to keep my head down and keep moving forward.

lcmac32

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Re: Race from 500k to 1M!
« Reply #3856 on: April 08, 2024, 03:56:56 PM »
*April 2024 - Just hit $900k in investments. This is a meaningful milestone for me as it came after a significant setback. Within days after my last post, the market retracted. I had rode a number of individual growth stocks that seemed to be popular among retail investors. The gains had been too good to be true. Most of these stocks tanked spectacularly over a period of months as the market dipped. I soon found myself $250k down from Nov. 2021 highs. A very humbling experience which taught me a lot about what I didn’t know. I’m 40 now and haven’t hit that magic number needed to graduate this thread, but will be there soon.

*November 2021 - Just hit $800k in investments… 4/5 of the way to a million. Hard to believe that my number has doubled in under two years! Present goal is to hit $1M by January 2024 (before 40th BDay). It’s going to take some great returns to do it.


August 2021 - Just hit $750k in investments… 3/4 of the way to 7 figures!

Joining the ranks of you folks chasing that seven-figure milestone! (To keep my journey consistent, I’m going to be following based on my personal investments / retirement accounts—separate from the wife's—and not counting the home value).

This weekend, April 2021, I hit a major milestone: $700k at 37-years-old.

Looking back at notes from ‘Race from 250 to 500k!’, here’s a brief recap:
*June 2010 - Finish grad school, 26 y/o, $90k+ in debt; new job at $40k/year
*May 2015 - (I think) - First crossed $100k at 31 y/o
*January 2018 - Passed the $250k mark
*April 2019 - Hit $312.5k
*June 2019 - 1/3 of the way to $1M
*February 2020 - Hit $400k
*November 2020 - Eclipsed $500k (and finished the ‘Race from 250 to $500k!’)

What a great moment of honesty.  I am hoping to be in this thread soon.  Technically, I could ready be here, but am taking a very conservative approach.  Glad you are back in such a big way from the dip you suffered. You are dominating me for age and amount, but I celebrate everyone that is pulling this off.  You will be on the next section soon.