Author Topic: Race from 500k to 1M!  (Read 94710 times)

RWD

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Re: Race from 500k to 1M!
« Reply #750 on: August 07, 2018, 09:34:43 AM »
I first hit the double comma club on July 10th.

Congrats!

Roots&Wings

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Re: Race from 500k to 1M!
« Reply #751 on: August 07, 2018, 10:11:34 AM »
Way to go 94!!! Congrats on the milestone and FIREing!

MayDay

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Re: Race from 500k to 1M!
« Reply #752 on: August 07, 2018, 06:51:46 PM »
722k here. My last post was too many pages back to find.

We've been going gangbusters. It's going to hurt when the market corrects.

I have a prediction based on contributions and an estimated rate of return and we keep flying past it.

onlykelsey

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Re: Race from 500k to 1M!
« Reply #753 on: August 07, 2018, 06:54:39 PM »
We've been going gangbusters. It's going to hurt when the market corrects.

I've been thinking that as well, especially as I contemplate downshifting my career...

NinetyFour

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Re: Race from 500k to 1M!
« Reply #754 on: August 07, 2018, 11:58:05 PM »
I first hit the double comma club on July 10th.

Congrats!

Way to go 94!!! Congrats on the milestone and FIREing!

Thanks very much!!  Feels a bit unreal...   But I'm doing my best to enjoy it so far.  :)

A&R

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Re: Race from 500k to 1M!
« Reply #755 on: August 08, 2018, 10:21:16 AM »
12/17/17  $739,821
01/16/18  $774,717

That jump seems crazy to me.

08/02/18  $873,766

Took a break from constantly checking my net worth for a while.

Apparently, you should take breaks more often :)

I know, right? Like a lot of you, I'm bracing for a market dip, but I think we all understand that if it goes down, it'll come up again. Trying to stress less and just have faith in the system!

letsdoit

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Re: Race from 500k to 1M!
« Reply #756 on: August 08, 2018, 11:26:42 AM »
i'm cashing in a little on the market , now, for money we'll spend in next 15 months or so.  moving it from SP500 into a MMF

kapnfriday

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Re: Race from 500k to 1M!
« Reply #757 on: August 09, 2018, 10:23:47 AM »
Invested assets:
12-2017: $510,037
1-2018: $539,718 (+29.6k)
2-2018: $514,481 (-25.2K)
3-2018: $511,273 (-3.2k)
4-2018: $515,153 (+3.8k)

(missed a few updates in here)

7-2018: $545,690

catccc

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Re: Race from 500k to 1M!
« Reply #758 on: August 10, 2018, 01:36:32 PM »
Yes!  Officially hit $1M yesterday.  Super excited to have come so far.  I was checking daily since August 1st because I was so close and my birthday is this month.  I really wanted to hit it before I turned 40.  So I did it!  And the today realized that I donít turn 40 until next year.  Lol!  Iím ridiculous, sometimes.

No real estate, about $90K is the kids 529s, everything else is cash & investments.
« Last Edit: August 10, 2018, 01:39:28 PM by catccc »

Ladychips

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Re: Race from 500k to 1M!
« Reply #759 on: August 10, 2018, 03:57:31 PM »
Yes!  Officially hit $1M yesterday.  Super excited to have come so far.  I was checking daily since August 1st because I was so close and my birthday is this month.  I really wanted to hit it before I turned 40.  So I did it!  And the today realized that I donít turn 40 until next year.  Lol!  Iím ridiculous, sometimes.

No real estate, about $90K is the kids 529s, everything else is cash & investments.

Congratulations!  That's wonderful!  And happy soon-to-be birthday!

catccc

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Re: Race from 500k to 1M!
« Reply #760 on: August 12, 2018, 08:25:59 PM »
Thanks!  And... it was gone two days later.  Thankfully, I wasnít expecting it to stick right away, so itís fine, no surprise.

chiefsuave

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Re: Race from 500k to 1M!
« Reply #761 on: August 12, 2018, 11:38:26 PM »
I come to this thread for motivation. Never lets me down.

Congrats to all and keep grinding!

talltexan

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Re: Race from 500k to 1M!
« Reply #762 on: August 13, 2018, 11:30:42 AM »
Catccc-

congratulations on passing the $1,000,000 mark. But you seriously need to get a handle on tracking your age. If you can miss that by 2.5%, measuring net worth is going to be even harder.


actionjackson

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Re: Race from 500k to 1M!
« Reply #763 on: August 14, 2018, 06:26:31 AM »
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353

onlykelsey

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Re: Race from 500k to 1M!
« Reply #764 on: August 14, 2018, 06:49:07 AM »
Catccc-

congratulations on passing the $1,000,000 mark. But you seriously need to get a handle on tracking your age. If you can miss that by 2.5%, measuring net worth is going to be even harder.

+1

catccc

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Re: Race from 500k to 1M!
« Reply #765 on: August 14, 2018, 04:02:56 PM »
Catccc-

congratulations on passing the $1,000,000 mark. But you seriously need to get a handle on tracking your age. If you can miss that by 2.5%, measuring net worth is going to be even harder.

+1

thank you, LOL! 

I was talking with a coworker and she explained how (she thinks) I messed this one up...  According to her, it's because I spent the whole year after I turned 38 thinking, "wow, 39 is next, I can't believe 40 is around the corner."  Then after a few months, it became "wow, 39, I can't believe 40 is around the corner."  Then a few months later, it was "40 is around the corner."  I keep much better tabs on my investment account balances than my age, ha ha!


talltexan

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Re: Race from 500k to 1M!
« Reply #766 on: August 15, 2018, 09:41:23 AM »
Another possibility--perhaps more remote--is that you somehow got switched with a version of yourself from the future. Do you notice odd things happening that you're sure happened a while ago?

**checks stock market: How odd, the SP500 is at 2,813 again? Could have sworn it was there a few months ago...

Chairman

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Re: Race from 500k to 1M!
« Reply #767 on: Today at 08:15:22 AM »
Joining the club.

...

Not sure when/if I'll get to 1m; may semi-FIRE before then.
...

If the market were to stay flat, would probably hit 1m investible around 6 months from now.
Quarterly update, November 2017:

....

Not declaring victory yet though until I have 1m investible and no debt to the bank.
Quarterly update, February 2018:

...

Quarterly update, May 2018:

...

So, net worth hits $1.5m for the first time (up $530k YoY), and now we're above $1.1m in liquid/investible assets (up $388k YoY). Currently $23k away from having enough to pay off all debt (gap closed by $485k YoY, debt down $97k YoY) and still have $1m liquid/investible. Once I have that, I'll be ready to declare victory (and graduation from this thread).
Quarterly update, August 2018:
  • Q3 2018: 1,096k liquid + 384k home equity: total 1,480k (debt: 115k)
  • Q2 2018: 1,108k liquid + 392k home equity: total 1,500k (debt: 131k)
  • Q1 2018: 1,075k liquid + 409k home equity: total 1,484k (debt: 141k)
  • Q4 2017: 1,005k liquid + 332k home equity: total 1,337k (debt: 189k)
  • Q3 2017: 894k liquid + 313k home equity: total 1,207k (debt: approx 193k)
  • Q2 2017: 720k liquid + 250k home equity: total 970k (debt: approx 228k)
Net worth drops back down to where it was 6 months ago (whoops, but still up $273k YoY, and still over $1m in liquid/investible). Currently $19k away from having enough to pay off all debt (gap closed $280k YoY, debt down $78k YoY) and still have $1m liquid/investible. My numbers are heading south and I am planning on spending a bit on the home before the end of the year so expect my liquid funds to drop down further. Now all I need is a massive global crash to teach me the errors of my ways.

SCUBAstache

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Re: Race from 500k to 1M!
« Reply #768 on: Today at 10:45:31 AM »
I'm continuing to bounce around in the 800 - 850k range, nearly 30k in medical expenses plus the sorta flat market recently hasn't helped! But I got good news at work that means I will be rent-free in 2019... so maybe that will be my year to hit the two comma club. Congrats to all the recent millionaires!

End of March clocking in at 839k. With 3 paychecks, and a tax return of around 1.5 pay checks, I was excited to reach 850k this month. But the market had other plans. Womp womp. My total assets are still a tad above 1MM which is pretty cool - though I think my home value is a bit inflated at the moment.

February 2018: 827k
January 2018: 831k
December 2017: 812k
December 2016: 650k
December 2015: 487k
December 2014: 412k
December 2013: 350k