Author Topic: Race from 500k to 1M!  (Read 26355 times)

moof

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Re: Race from 500k to 1M!
« Reply #250 on: October 03, 2017, 02:52:53 PM »
$703k invested as of today, up from ~$550k 15 months ago.  On track to have invested $60k by the end of the year.  Just need it to double (plus inflation) and I'll be at my number.  7 more years..

sisto

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Re: Race from 500k to 1M!
« Reply #251 on: October 03, 2017, 03:58:42 PM »
Things are moving along nicely for us, especially considering the fact that we've been spending a lot more on travel the last couple of years.

NW-$891,209 (Real Estate is booming in my area and I haven't updated my home value in a while, it's worth at least $60K more than what I have it at in MINT)
Investments/Cash/HSA-$762,182

I should be hitting the NW goal of $1M in no time.
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Bill76

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Re: Race from 500k to 1M!
« Reply #252 on: October 04, 2017, 10:20:06 AM »
9/30/2017   $585K
7/31/2017   $567K

Joining this group at ~$567k invested as of 7/31/2017.

This doesn't include cash/emergency fund, home equity, or the present value of my vested, but frozen, pension at work.

fiStressRelief

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Re: Race from 500k to 1M!
« Reply #253 on: October 04, 2017, 07:05:05 PM »




Liquid / Total
1/1/17 - 472k / 833k
2/1/17 - 474k / 843k
3/1/17 - 494k / 864k
4/1/17 - 508k / 875k
5/1/17 - 523k / 893k
6/1/17 - 547k / 915k
7/1/17 - 553k / 923k
8/1/17 - 571k / 933k
9/1/17 - 587k / 952k

Good month, holding steady but have some medical bills coming due that might hold down next month a little.

10/1/17 - 600k / 967k

Rough month at work.  This is keeping me going.

Trifele

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Re: Race from 500k to 1M!
« Reply #254 on: October 05, 2017, 04:01:03 AM »



9/1/17 - 587k / 952k
Good month, holding steady but have some medical bills coming due that might hold down next month a little.

10/1/17 - 600k / 967k

Rough month at work.  This is keeping me going.

Sorry things are rough at work, FSR.  Do you have an RE goal?  With your numbers, looks like you might be getting close?   My numbers are similar to yours, and I am planning to pull the trigger 8/1/19.

Travis

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Re: Race from 500k to 1M!
« Reply #255 on: October 05, 2017, 02:34:33 PM »
Crossed over $800k today. I was at $650k on 31 Dec 16.  I have another $12k worth of contributions to make before New Years, but at the rate it's going I'm now at the point where my stash is growing at a faster rate than I'm contributing to it (I actually hit that point a couple months ago).
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savedough

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Re: Race from 500k to 1M!
« Reply #256 on: October 06, 2017, 11:02:52 AM »
There are so many race threads, but this is the one I (we) currently belong in (for a little bit anyway).

I was at $200K net work when I started tracking in 01/10.  Hit $500K in 10/13 (two kids and two unpaid maternity leaves, one cross-country move during this time).

Reached $900K in 08/17 (seems like it took a while but we remodeled a home, welcomed kiddo #3, took an extended 6 month unpaid mat leave, bought a car with cash).

Hoping to reach $1M in 03/18.    If that holds true, then it will have taken 13 years after graduation from college to reach the first $1M.  Not a race really, just a slow steady climb.

Net worth includes all investments, kids college funds and limited home equity.  I use purchase price as value though it has gone up $50K in value since we bought.   The reason I use purchase price is that if we are relocated, the only purchase price we are guaranteed is the amount we paid.  So every time we move, we see a nice jump in net worth as the equity is realized in my calculations.  I also don't include the value of our pensions because while fairly safe, it feels like counting eggs before they hatch.

01/2010  $200K
10/2013 $500K
08/2017 $900K

10/2017 $945K   What a stock market jump this month! At this rate, we could hit the magic number before 2018, but I'm betting it is 02/2018.

RWD

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Re: Race from 500k to 1M!
« Reply #257 on: October 06, 2017, 07:04:40 PM »
I am joining this thread. Household net worth, USD.

$0-100k took 17 months.
$100k-250k took 23 months.
$250k-500k took 21 months.
I suspect the next half million will take three to four years. A lot will depend on market performance, one way or the other.

10/1/2017 - 502k

fiStressRelief

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Re: Race from 500k to 1M!
« Reply #258 on: October 06, 2017, 10:46:36 PM »



9/1/17 - 587k / 952k
Good month, holding steady but have some medical bills coming due that might hold down next month a little.

10/1/17 - 600k / 967k

Rough month at work.  This is keeping me going.

Sorry things are rough at work, FSR.  Do you have an RE goal?  With your numbers, looks like you might be getting close?   My numbers are similar to yours, and I am planning to pull the trigger 8/1/19.
Hey thanks, another 12+ hr day to round out the week. Hopefully this phase soon.

Goals are 1m for family of 4 but have to get expenses down another 5k.  Also depends on healthcare as I live in a market with only one marketplace provider atm.  Right now I've got Feb 2021 penciled in as my target date but I might go part time sooner.

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Bergal

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Re: Race from 500k to 1M!
« Reply #259 on: October 08, 2017, 09:10:46 AM »
Hello!  I'm joining to keep myself motivated.  I've learned from this forum that what you focus on flourishes!  I didn't begin tracking my net worth until 2015 and I'm just amazed at what a great tool it is for keeping me focused on my goals. 

                    Invested/Total NW
End of 2015  $513k     $752k
End of 2016  $574k     $820k

                    Invested/Total NW
10/1/17 --    $670k     $921k

talltexan

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Re: Race from 500k to 1M!
« Reply #260 on: October 10, 2017, 12:56:08 PM »
I updated some account settings on Mint, and...

We are at $1 million total. It depends on an optimistic appraisal of our home, together with some valuations for hard-to-sell items (like my grandmother's electronic organ). I haven't shared the news with my wife, yet, which is unfortunate, as much of the credit is hers. We're settling up with in-laws on a large purchase, and I want to motivate her to negotiate that correctly. But I wanted to celebrate with you badass folks.

I'll still be on here a while longer, but I think I want to divert investment gains toward paying down some debt over the next few months now that we're in the two-comma club.

OurTown

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Re: Race from 500k to 1M!
« Reply #261 on: October 10, 2017, 01:12:09 PM »
Applause.

Bergal

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Re: Race from 500k to 1M!
« Reply #262 on: October 11, 2017, 05:49:53 AM »
Well done, talltexan! 

Finallyunderstand

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Re: Race from 500k to 1M!
« Reply #263 on: October 11, 2017, 01:42:30 PM »
Estimates of NW over the years with more concrete values currently
2011: $40k  Real estate sucked (I'm a realtor and own rentals), income was low and equity was non existent.  Tough times!
2012: $55k
2013: $75k
2014: $160k  Being a realtor and also having a large portion of NW in real estate helped income and value go up drastically. (income $155k) plus asset appreciation
2015: $295k  (income $210k) plus asset appreciation
2016: $505k (income $242k) plus asset appreciation
Started using Mint for tracking in 2017
2017: March $515
         April $500 spent money... :(
         May $521
         June $573
         July $588
         Aug $605k
         Sep $647k
         Oct $650k

talltexan

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Re: Race from 500k to 1M!
« Reply #264 on: October 12, 2017, 07:13:26 AM »
$150K in six months is pretty dang impressive, good job!

Finallyunderstand

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Re: Race from 500k to 1M!
« Reply #265 on: October 12, 2017, 09:02:32 AM »
$150K in six months is pretty dang impressive, good job!
Thanks!
I wish that it was normal but my job is very seasonal.  Most of my sales (realtor) are in the spring to early fall months and then winter I may tread water with income compared to expenses. 

Dada Almond

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Re: Race from 500k to 1M!
« Reply #266 on: October 13, 2017, 10:05:31 AM »
Joining to track investments.  Currently at $780k with total NW ~$1MM, but since that includes home equity it's a bit more arbitrary.

Herbert Derp

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Re: Race from 500k to 1M!
« Reply #267 on: October 15, 2017, 06:20:49 AM »
I'm starting to close in on $1MM!

Milestones:

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71

dreams_and_discoveries

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Re: Race from 500k to 1M!
« Reply #268 on: October 15, 2017, 08:36:29 AM »
I'm starting to close in on $1MM!

Milestones:

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71

Some great progress there Herbet -when you think the two comma club will call?

Herbert Derp

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Re: Race from 500k to 1M!
« Reply #269 on: October 15, 2017, 08:21:59 PM »
Some great progress there Herbet -when you think the two comma club will call?

Looks like I'm on track to hit $1MM sometime in the first half of next year!

asauer

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Re: Race from 500k to 1M!
« Reply #270 on: October 16, 2017, 10:58:58 AM »
Going up!  Trying not to obsess over when the market contraction will come.

Only tracking cash & investments.  Not including home value.
Aug 2017: 519, 045.81
Sept. 1 2017: 526, 110.79
Oct 1 2017:531,034.52

CloserToFree

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Re: Race from 500k to 1M!
« Reply #271 on: October 18, 2017, 08:24:03 AM »
End of 2013 (year I found MMM):
Investments/cash: 390,000
Home equity: 390,000 (remaining mortgage: 410,000)
Student debt: -35,000
Total:  745,000

End of 2014:
Investments/cash: 435,000
Home equity: 400,000 (remaining mortgage: 400,000)
Student debt: 0
Total: 835,000

End of 2015:
Investments/cash: 650,000
Home equity: 410,000 (remaining mortgage: 390,000)
Total: 1,060,000

End of 2016:
Investments/cash: 820,000
Home equity: 420,000 (remaining mortgage: 380,000)
Total: 1,240,000

Well, we did it!!!!  We surpassed $1m in investments.  It's crazy how fast things grow once you have a big pile of money invested (markets going up definitely helped *a lot* too...).  Thanks to everyone for the encouragement, and good luck in your races to $1m!  I'm going to switch over to the race to $2m thread now but will pop in here every now and then to say hi. :)

As of October 2017:
Investments/cash: 1,001,000
Home equity: 430,000
Total: 1,431,000

TempusFugit

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Re: Race from 500k to 1M!
« Reply #272 on: October 18, 2017, 05:32:09 PM »

Well, we did it!!!!  We surpassed $1m in investments.  It's crazy how fast things grow once you have a big pile of money invested (markets going up definitely helped *a lot* too...).  Thanks to everyone for the encouragement, and good luck in your races to $1m!  I'm going to switch over to the race to $2m thread now but will pop in here every now and then to say hi. :)

As of October 2017:
Investments/cash: 1,001,000
Home equity: 430,000
Total: 1,431,000


Congrats! Save room for us in the next thread!

Icecreamarsenal

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Re: Race from 500k to 1M!
« Reply #273 on: October 20, 2017, 08:34:03 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
09/17: 544k