Author Topic: Race from 500k to 1M!  (Read 110694 times)

TempusFugit

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Re: Race from 500k to 1M!
« Reply #800 on: August 29, 2018, 08:24:18 PM »
All,

Happy to report that my networth hit an ALL TIME HIGH today with the super aggressive market returns for the past few days

I'm now at 701k, crossing 700K for the first time in my life. yayyyyyy!!!!

I expect to grow my networth aggressively from here on and I am targeting to hit the double comma milestone in roughly an year and half time. I know that sounds super aggressive especially with a single income salary but I am really aiming for it and hope to achieve with my super aggressive approach

spotted your favorite word... so what's your aggressive approach?


Hehe.  Yeah, sounds like a quote from Boiler Room.   What could go wrong, amirite?   

Its good to be excited by crossing a financial milestone.  But you better recognize that good times come and good times go.  You should be psychologically and financially prepared for what happens to "aggressive" portfolios when the worm turns.

TempusFugit

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Re: Race from 500k to 1M!
« Reply #801 on: August 29, 2018, 08:27:19 PM »
Score! I got top of the page break this time! Normally, my insightful and witty posts get lost at the bottom of the break!  Sorry, Gerardc.  You can bask in the reflected light from my top of page post. 

whywork

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Re: Race from 500k to 1M!
« Reply #802 on: August 30, 2018, 12:14:20 AM »

onlykelsey

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Re: Race from 500k to 1M!
« Reply #803 on: August 30, 2018, 06:56:34 AM »
As a reminder mostly to myself, in this thread I am tracking personal assets (not shared or soon-to-be kid's college savings) using personalcapital.

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)
March 2017: 599K (I am guessing on numbers for the end of the month, but should be +/- 2K, +142K year on year)

I am towards the end of maternity leave.  I am sure the saving/investing pace won't keep up when I start paying daycare (and maybe working a 70 or 80% schedule for a couple months), but not too bad for being off work!
June 2017: 603K
September 2017: 639K
December 2017: 698K
March 2018: 667K (drop is due to someone having conducted a fire sale of their condo in our very small building during a divorce)
June 2018: 689K
July 2018: 723K  I guess I shouldn't be surprised given my husband's income struggles and how expensive daycare + health insurance is, but at least I'm making progress.  I just switched back to 100% hours so started getting a small bump.  I need to kick my husband's a$$ in to gear on the earning side and buckle down on the restaurants, I think.
[/quote]
August 2018: 749K, YTD: +51K  Not super impressive given the market this year.  I may need to pay more attention to my personalcapital or start calculating manually, because it doesn't seem quite right.  I've maxed my 401K and backdoor IRA (~24K), and invested 42K in my taxable brokerage.  Something isn't adding up. 

catccc

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Re: Race from 500k to 1M!
« Reply #804 on: August 30, 2018, 07:28:01 AM »

It seems like most people that hit FI don't just hit it with investments.  They've got some real estate, or blog income, or something.

That could make for an interesting poll actually. Who has FIREd with invested stash alone? (no paid-off house, real estate, side gigs, business income, pension, etc.). Hope that works because that's what I'll be doing!

I did end up posting a question about it the ask a mustachian subforum...  I got a few responses.  But I asked who had actually done it.  Maybe it would be good to ask who else is planning on doing it.  If anyone wants to post a poll, go for it!  I'd be interested to see the results.  I have a feeling that of those who plan on living on stash w/o side gigs or other income, a majority will at least have a paid off house.  I very likely will not, unless I buy and pay off a house in the next few years, and I don't have plans for that right now.

me too.  it's starting to seem like a long haul.  espec once the kids come

fwiw, we have 2 kiddos, and 'spend less than you earn and invest the rest is working pretty well.'  We got married in January 2008 and our NW was about somewhere between $155K and $163K at the time.  10 years later, our NW is $1M.  Despite 5 years of stay at home parenting, kids that were supposed to be expensive but really aren't, no RE wins (no RE at all), etc.  IDK how it will all pan out in retirement quite yet, but I'm hopeful.

onlykelsey

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Re: Race from 500k to 1M!
« Reply #805 on: August 30, 2018, 07:32:20 AM »

It seems like most people that hit FI don't just hit it with investments.  They've got some real estate, or blog income, or something.

That could make for an interesting poll actually. Who has FIREd with invested stash alone? (no paid-off house, real estate, side gigs, business income, pension, etc.). Hope that works because that's what I'll be doing!

I did end up posting a question about it the ask a mustachian subforum...  I got a few responses.  But I asked who had actually done it.  Maybe it would be good to ask who else is planning on doing it.  If anyone wants to post a poll, go for it!  I'd be interested to see the results.  I have a feeling that of those who plan on living on stash w/o side gigs or other income, a majority will at least have a paid off house.  I very likely will not, unless I buy and pay off a house in the next few years, and I don't have plans for that right now.

me too.  it's starting to seem like a long haul.  espec once the kids come

fwiw, we have 2 kiddos, and 'spend less than you earn and invest the rest is working pretty well.'  We got married in January 2008 and our NW was about somewhere between $155K and $163K at the time.  10 years later, our NW is $1M.  Despite 5 years of stay at home parenting, kids that were supposed to be expensive but really aren't, no RE wins (no RE at all), etc.  IDK how it will all pan out in retirement quite yet, but I'm hopeful.
FWIW, I plan on retiring on a stash alone, although I may sort of half-retire and keep working part-time if I can find a position.

I only have one kid, and he has been a real drag on my accumulation, ha.  I've kept kid "stuff" to a real minimum (hand me downs from an opposite sex cousin?  Yes, please!), but the daycare costs are more than my mortgage.  @letsdoit make sure you factor in daycare/nanny/sitter, insurance, 529/whatever, and increased travel costs to your budget.  also note that, at least in my city, daycare price growth has WAY outpaced inflation... not sure what is true in your area.

JGS1980

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Re: Race from 500k to 1M!
« Reply #806 on: August 30, 2018, 10:19:21 AM »
All,

Happy to report that my networth hit an ALL TIME HIGH today with the super aggressive market returns for the past few days

I'm now at 701k, crossing 700K for the first time in my life. yayyyyyy!!!!

I expect to grow my networth aggressively from here on and I am targeting to hit the double comma milestone in roughly an year and half time. I know that sounds super aggressive especially with a single income salary but I am really aiming for it and hope to achieve with my super aggressive approach

I saw some previous posts of yours, Whywork, and this may be none of my business.... BUT... beware your tech-happy slicing and FANG dicing. This may work great when stocks are all on the rise, but when things hit the fan, it is often these individual stocks and sector weighting that goes crumbling much faster than the overall stock market. You're way ahead right now, take the gains and pat yourself on the back.

I know you are trying to get to FI ASAP, but having a 15% year on year gain vs a 10% gain will only accelerate your FI by 1 year if you are putting 140K away a year. What's most important is your saving rate (which appears awesome), not your return.

FWIW,

JGS

tightwaddy

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Re: Race from 500k to 1M!
« Reply #807 on: August 31, 2018, 05:37:19 AM »
I woke up a millionaire (Total NW) this morning. Sticking with this thread until the Stash is there.

Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
April 30, 2018:  $510,215 ($937,731)
May 31, 2018: $514,410 ($950,830)
June 30, 2018 $525,227 ($964,045)
July 31, 2018: $535,419 ($984,617)
August 31, 2018: $557,743 ($1,011,442)

onlykelsey

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Re: Race from 500k to 1M!
« Reply #808 on: August 31, 2018, 06:46:33 AM »
I woke up a millionaire (Total NW) this morning. Sticking with this thread until the Stash is there.

Congrats! Is the rest home equity? that is a lot of home equity!

JGS1980

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Re: Race from 500k to 1M!
« Reply #809 on: August 31, 2018, 07:22:14 AM »
I woke up a millionaire (Total NW) this morning. Sticking with this thread until the Stash is there.

Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
April 30, 2018:  $510,215 ($937,731)
May 31, 2018: $514,410 ($950,830)
June 30, 2018 $525,227 ($964,045)
July 31, 2018: $535,419 ($984,617)
August 31, 2018: $557,743 ($1,011,442)

Congrats TightWaddy!!!

salt cured

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Re: Race from 500k to 1M!
« Reply #810 on: August 31, 2018, 07:36:47 AM »
Smaller increase this month due to painting house exterior.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Mar18:$599k
Apr18:$612k
May18:$630k
Jun18:$656k
Jul18:$692k
Aug18:$702k

Edit: I just noticed we're a year into this race. No complaints as we're up $214k. Targeting 3/2020 to hit $1000K.
« Last Edit: August 31, 2018, 09:27:36 AM by salt cured »

Ladychips

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Re: Race from 500k to 1M!
« Reply #811 on: August 31, 2018, 08:10:28 AM »

         Investments/cash     Net worth

5/18 - $503,164               $742,902
6/18 - $506,463               $747,871
7/18 - $520,768               $764,243

8/18 - $542,574         $787,745

and the world keeps spinning. 

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #812 on: August 31, 2018, 08:48:54 AM »
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
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) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)
2018 MAR:560k(-9k)
2018 APR:574k(+14k/+5k)
2018 MAY:575k(+1k)
2018 JUNE:575k(+0)
2018 JULY:599k(+24)
2018 AUG:620k(+21)

Officially broke 600k after narrowly missing it last month!

I remain 100% stocks but I am building out my international side with new cash. Hopefully getting to 10-20% by year end. Only around 5% right now.

RWD

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Re: Race from 500k to 1M!
« Reply #813 on: August 31, 2018, 11:11:32 AM »
2018 AUG:620k(+21)

Officially broke 600k after narrowly missing it last month!

I remain 100% stocks but I am building out my international side with new cash. Hopefully getting to 10-20% by year end. Only around 5% right now.
Nice, we're still neck and neck! We also had about a $20k increase this month. I haven't finalized numbers but I think we're between $635k and $640k.

I also worked on bringing our asset allocation into line with the IPS this year. Finally up to 25% international and 15% bonds. I took advantage of a rollover to reallocate a bunch at once.

Trifele

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Re: Race from 500k to 1M!
« Reply #814 on: August 31, 2018, 11:30:48 AM »
Tracking retirement accounts (excludes house, 529 plans, and cash):

5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)

1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
5/1/18 --    $738k (+$7k)
6/1/18 --    $747k (+$9k)
7/1/18 --    $744k (-$3k)
8/1/18 --    $761k (+$17k)
9/1/18 --    $776k (+$15k)

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #815 on: August 31, 2018, 01:04:51 PM »
2018 AUG:620k(+21)

Officially broke 600k after narrowly missing it last month!

I remain 100% stocks but I am building out my international side with new cash. Hopefully getting to 10-20% by year end. Only around 5% right now.
Nice, we're still neck and neck! We also had about a $20k increase this month. I haven't finalized numbers but I think we're between $635k and $640k.

I also worked on bringing our asset allocation into line with the IPS this year. Finally up to 25% international and 15% bonds. I took advantage of a rollover to reallocate a bunch at once.

Ha! You seem to be edging me out. I predict in the race to 2m thread you'll have me by a few hundred grand!

BriarRose111

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Re: Race from 500k to 1M!
« Reply #816 on: August 31, 2018, 02:04:16 PM »
End of month update - Like a few others, I broke $600K (total NW) this month.  It was good to see another milestone within the same year.  :-)

Liquid assets / Net worth

Jan 2018 $415.5K / $508K
Jun 2018  $518.8K / $578.4K
Jul  2018  $528.3K / $588.2K
Aug 2018  $543K  / $603.2K

tightwaddy

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Re: Race from 500k to 1M!
« Reply #817 on: August 31, 2018, 02:51:48 PM »
I woke up a millionaire (Total NW) this morning. Sticking with this thread until the Stash is there.

Congrats! Is the rest home equity? that is a lot of home equity!

Thanks!  Yes, ~$450k in home equity.   We made a huge profit on our first house (sold for 2.5 times what we paid) and rolled it all into this house and paid off the mortgage in 10 years before we really understood MMM.

OurTown

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Re: Race from 500k to 1M!
« Reply #818 on: August 31, 2018, 03:44:52 PM »
1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
7/1/18 = $612
8/1/18 = $623
9/1/18 = $639

Arbitrage

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Re: Race from 500k to 1M!
« Reply #819 on: August 31, 2018, 05:34:48 PM »
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
5/17/18: $765k / 1.112M
6/29/18: $773k / 1.137M
7/31/18: $795k / 1.170M
8/31/18: $813k / 1.189M

skip207

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Re: Race from 500k to 1M!
« Reply #820 on: September 01, 2018, 01:14:15 AM »
01/01/17 374668
01/01/18 497097
01/02/18 500655
01/03/18 497804
01/04/18 492551
01/05/18 503531
01/06/18 519609
01/07/18 534656
01/08/18 539771
01/09/18 552418

Hoping to hit 575 by end of the year.

YellowCat

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Re: Race from 500k to 1M!
« Reply #821 on: September 01, 2018, 05:37:12 AM »
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)
May 2018: $713,039 (+$25,788)
Jun 2018: $719,898 (+$6,859)
Jul 2018: $749,307 (+$29,409)
Aug 2018: $777,551 (+28,244)

We're up $149.5k so far this year....Hoping to hit $850k by 1/1/2019.
« Last Edit: September 01, 2018, 05:39:06 AM by YellowCat »

Zamboni

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Re: Race from 500k to 1M!
« Reply #822 on: September 01, 2018, 06:03:06 AM »
Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K
Feb 2018: 577K / 741K
May 2018: 585K / 744K
July 2018: 600K / 763K
Aug 2018: 618K / 779K

I like having this thread to see year over year numbers. Thank you for setting it up!

@letsdoit
Sabbatical will be for 7 months, although I do have to work (it's just a lot different than my normal work).



« Last Edit: September 01, 2018, 06:06:18 AM by Zamboni »

GoodToGrow

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Re: Race from 500k to 1M!
« Reply #823 on: September 01, 2018, 07:39:46 AM »
Hi Kids - been a lurker for about 6 months & finally signed up today (=

9/1 - $604,446

TempusFugit

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Re: Race from 500k to 1M!
« Reply #824 on: September 01, 2018, 10:48:44 AM »
                 LNW      TNW
Jan 2018 -  846K  /  987K 
Feb 2018 -  880K / 1.02M     
Mar 2018 -  859K / 1.00M
Apr 2018 -  855K /   996K 
May 2018 - 856K /   999K   
Jun 2018  - 875K / 1.02M
Jul  2018  - 887K /  1.03M
Aug 2018  - 922K / 1.07M
Sep 2018  - 944K / 1.09M   

I joined this thread a year ago, when my numbers were:
Sep 2017 - 792K   /  931K 

Looking forward to getting that LNW number >1M. So close...

fiStressRelief

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Re: Race from 500k to 1M!
« Reply #825 on: September 01, 2018, 03:08:11 PM »
1/1/18   - 633k / 1.000M
2/1/18   - 668k / 1.034M
3/1/18   - 660k / 1.028M
4/1/18   - 665k / 1.032M
5/1/18   - 673k / 1.037M
8/1/18  - 719k / 1.086M

9/1/18  - 748k / 1.116M




2Birds1Stone

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Re: Race from 500k to 1M!
« Reply #826 on: September 01, 2018, 08:42:27 PM »


Combined NW
8/1/2018 - $511,000
9/1/2018 - $519,000

Trifele

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Re: Race from 500k to 1M!
« Reply #827 on: September 02, 2018, 04:58:43 AM »
Hi Kids - been a lurker for about 6 months & finally signed up today (=

9/1 - $604,446

Welcome to the forum @GoodToGrow!  You split your time between Doha and Fano?  I hadn't heard of Fano, but just looked it up.  Nice! 

2Old2RE

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Re: Race from 500k to 1M!
« Reply #828 on: September 02, 2018, 02:43:09 PM »
Ok I'm in.
 Just counting the stache. Too hard/too many assumptions for total NW.

401K              = 714,518.92
IRAs               = 118,165.46
Bank              =   31,542.13
Misc Accounts =   27,751.75

=891,978.26

Next update October 1st

Let the saving/shucking excess stuff begin.....

Sailor Sam

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Re: Race from 500k to 1M!
« Reply #829 on: September 03, 2018, 05:08:57 PM »
I 'graduated' from the Race from $250k to $500k, but never joined this thread. I forgot how much fun these gauntlet threads are. Thus, I'm joining in.

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:  $500,083  (graduated from 250-->500k thread!)


1-Feb-2018:  $528,311
1-Mar-2018:  $512,295
1-Apr-2018:  $507,817
1-May-2018: $522,358
1-Jun-2018:  $535,365
1-Jul-2018:   $541,553
1-Aug-2018:  $559,722
1-Sep-2018:  $578,876

G-Cool

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Re: Race from 500k to 1M!
« Reply #830 on: September 03, 2018, 07:16:26 PM »
Long-overdue monthly update. We sold the condo and bought a house in June, lots of expenses in the process... Now that this is behind us, let's focus on growing the stash!

2/1/2018 : $502k Inv. / $627k NW
3/1/2018 : $498k Inv. / $626k NW
4/1/2018 : $503k Inv. / $630k NW
5/1/2018 : $511k Inv. / $642k NW
6/1/2018 : $435k Inv. / $656k NW
7/1/2018 : $445k Inv. / $666k NW
8/1/2018 : $527k Inv. / $668k NW
9/1/2018 : $536k Inv. / $683k NW

A&R

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Re: Race from 500k to 1M!
« Reply #831 on: September 04, 2018, 05:53:36 AM »
12/17/17  $739,821
01/16/18  $774,717
08/02/18  $873,766
09/04/18  $904,996

Looking at these numbers makes me realize how nuts the market is right now. It's gonna hurt when the dip comes, but we'll just have to ride it out!

YoungGranny

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Re: Race from 500k to 1M!
« Reply #832 on: September 04, 2018, 06:02:14 AM »

Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k
June 4, 2018: $616.2k
July 2, 2018: $623.4k
Aug. 1, 2018: $643.8k

Sep. 4, 2018:$670.2k

I was kind of surprised to see a $26.4k increase, $15.7k of it was from savings the rest was market gains. Setting a goal to hit $700k by the end of the year, a $200k increase for the year.

neo von retorch

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Re: Race from 500k to 1M!
« Reply #833 on: September 04, 2018, 10:21:38 AM »
Net Worth
Quote
12/31/2015:     $245,147
8/31/2018:       $502,494 (+257,347)

So it took 32 months to double my net worth from a quarter million to half a million. How long will the next leg of the journey take?!

2Birds1Stone

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Re: Race from 500k to 1M!
« Reply #834 on: September 04, 2018, 04:03:09 PM »
Net Worth
Quote
12/31/2015:     $245,147
8/31/2018:       $502,494 (+257,347)

So it took 32 months to double my net worth from a quarter million to half a million. How long will the next leg of the journey take?!

Hopefully less than 32 months! For both our sake.

boarder42

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Re: Race from 500k to 1M!
« Reply #835 on: September 04, 2018, 05:46:31 PM »
Net Worth
Quote
12/31/2015:     $245,147
8/31/2018:       $502,494 (+257,347)

So it took 32 months to double my net worth from a quarter million to half a million. How long will the next leg of the journey take?!

Hopefully less than 32 months! For both our sake.

Without a high contribution rate it should take as much or more than 32 months.

2Birds1Stone

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Re: Race from 500k to 1M!
« Reply #836 on: September 04, 2018, 05:49:47 PM »
Net Worth
Quote
12/31/2015:  $245,147
8/31/2018:       $502,494 (+257,347)

So it took 32 months to double my net worth from a quarter million to half a million. How long will the next leg of the journey take?!

Hopefully less than 32 months! For both our sake.

Without a high contribution rate it should take as much or more than 32 months.
Thank you captain obvious.

Sent from my SAMSUNG-SM-G930A using Tapatalk


asauer

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Re: Race from 500k to 1M!
« Reply #837 on: September 05, 2018, 07:13:17 AM »
Update:
June '18- 616,500
July '18- 616,900
Aug '18- 644,500
Sept '18- 676,800

Hoping for 700k by end of year!

YoungGranny

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Re: Race from 500k to 1M!
« Reply #838 on: September 05, 2018, 07:56:05 AM »
You and me both @asauer =D - holding you accountable to $700k so we can celebrate together!

GoodToGrow

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Re: Race from 500k to 1M!
« Reply #839 on: September 05, 2018, 08:46:09 AM »
Hi Kids - been a lurker for about 6 months & finally signed up today (=

9/1 - $604,446

Welcome to the forum @GoodToGrow!  You split your time between Doha and Fano?  I hadn't heard of Fano, but just looked it up.  Nice!

Thanks Tri!  Thanks for confirming what a great community this is.  Yeah, it's a pretty interesting place.  Not exactly a tourist stop, but a lot of Italians vacate there in the summer.  My type of place, with great food and friendly, blue-collar people.  Where are you located in the US, do you have any recommendations for Italy for me to visit?

GoodToGrow

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Re: Race from 500k to 1M!
« Reply #840 on: September 05, 2018, 08:52:41 AM »
I have to say - I am seriously impressed with everyone on here.  But some of you are out of reality killing it!  Oh man, this is so motivating to try to keep pace with any of y'all. 

letsdoit

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Re: Race from 500k to 1M!
« Reply #841 on: September 05, 2018, 09:21:25 AM »
almost longest bear mrkt in history.  i'm gonna cash in some of my chips

Trifele

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Re: Race from 500k to 1M!
« Reply #842 on: September 05, 2018, 09:22:30 AM »
Where are you located in the US, do you have any recommendations for Italy for me to visit?

I'm in the Carolinas, southeastern U.S.  Are you asking for recommendations on US places to visit?  Oh boy -- big country, big topic!  Have you spent a lot of time in the US?


letsdoit

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Re: Race from 500k to 1M!
« Reply #843 on: September 05, 2018, 09:48:45 AM »
NYC is great for a visit.  make sure you get out of Manhattan for part of it , just walk around a neighborhood

Trifele

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Re: Race from 500k to 1M!
« Reply #844 on: September 05, 2018, 05:14:22 PM »
NYC is great for a visit.  make sure you get out of Manhattan for part of it , just walk around a neighborhood

Gawd yes -- NYC is a must-visit.  LOVE Brooklyn.  <3

Randall Stephens

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Re: Race from 500k to 1M!
« Reply #845 on: September 09, 2018, 09:58:59 AM »
First-time poster here! Found the FIRE world about 3 years back (right around the time of the birth of my first child). Have made dozens of tweaks the last few years and really have ratcheted up the savings rate as best we can. Now have 2 kids, HCOL area. My wife and I are 32 - hope to get to a million NW at start of 2021 in January (bit of a stretch but we'll see - gotta have goals).

My numbers include everything - reason being, we plan on downsizing (and probably renting) when we reach our Net Worth goal (about $1.8M) and I think the college landscape will change tremendously by the time my oldest is ready to go (with that being said, do have a plan to fund it, just have curtailed the 529 contributions considerably).

Looking forward to "running" this race together with everyone in this thread, even if we all are going at our own paces. I've included a few of the past years/quarters for context and will hopefully start updating monthly.

1/1/16 - $204k NW (130k Invested)
1/1/17 - $354k NW ($261k Invested)
1/1/18 - $509k NW ($391k Invested)

3/1/18 - $523k NW ($402k Invested)
6/1/18 - $532k NW ($411k Invested)
9/1/18 - $573k NW ($455k Invested)

Have been a bit bummed since this year's investments have been lagging since I have about 35% international, but putting in writing makes me feel like this year had still very much been a success. Looking forward to connecting with everyone here!



Trifele

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Re: Race from 500k to 1M!
« Reply #846 on: September 09, 2018, 12:25:00 PM »
Welcome to the forum @Randall Stephens!  It's always interesting to see what thread people choose for their very first post -- you're going right for the heart of it.  Sounds like you are on a mission!

Arbitrage

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Re: Race from 500k to 1M!
« Reply #847 on: September 10, 2018, 08:34:11 AM »

Have been a bit bummed since this year's investments have been lagging since I have about 35% international, but putting in writing makes me feel like this year had still very much been a success. Looking forward to connecting with everyone here!

Yep, I know how you feel.  I'm 45% international in my stock allocation, including a hefty chunk to EM, so my investments aren't doing well this year.  That's the thing about diversification - it's working whether you want it to or not.  Just try to remind yourself about how much better valuations are overseas.  Maybe it'll make a difference.  Eventually.  Maybe not. 

actionjackson

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Re: Race from 500k to 1M!
« Reply #848 on: September 14, 2018, 12:14:31 AM »
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353
Sep - 529071

Going on holiday, so not as much of a big bump this month.

boarder42

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Re: Race from 500k to 1M!
« Reply #849 on: September 14, 2018, 05:55:56 AM »
Man we're so close 995k NW right now if I remove my corporate card expenses from PC. Anyone know how to take a single card off of PC? I have other amex cards I'd like to track the spending with but want to remove the corporate card bc I don't pay those costs obviously.