Author Topic: Race from 500k to 1M!  (Read 110503 times)

HaltWorkCatchFIRE

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Re: Race from 500k to 1M!
« Reply #900 on: October 10, 2018, 06:07:47 AM »
Hey all, new member here!

My progress as of the first day of each quarter (only including the quarters relevant to this thread):

July 2017:  $499k
Oct 2017:  $561k
Jan 2018:  $632k
Apr 2018:  $697k
July 2018:  $760k
Oct 2018:  $803k

Asset allocation is roughly 75% stock, 10% bonds, 10% primary residence equity, 5% cash.  Saving about 60% of a pretty large DINK income.  FIRE target is about $2.25M net worth (aiming for 2026 fire date).  The only reason for the large cash allocation is that I'm considering buying some land with some friends to start a cultcommune on and want to keep some seed capital just in case it happens. 

Made some great progress with the market runup this past year.  Current NW has dropped back below $800k because of the recent drops and a few large expenditures.  If the market stays strong, I'm hoping to reach $1M by the end of 2019. 

talltexan

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Re: Race from 500k to 1M!
« Reply #901 on: October 10, 2018, 09:04:26 AM »
Indeed being financially independent at the start of this commune project is...unusual. All the best!

letsdoit

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Re: Race from 500k to 1M!
« Reply #902 on: October 10, 2018, 09:29:00 AM »
i feel like a cult/commune would really spice this thread up.

what ideology? 

HaltWorkCatchFIRE

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Re: Race from 500k to 1M!
« Reply #903 on: October 10, 2018, 10:16:36 AM »
i feel like a cult/commune would really spice this thread up.

what ideology? 

I don't know - I'm kind of new to the whole cult thing.  I'm not really the ideas guy of the whole thing, I just am bought into it.  The end goal would be a largely self-sufficient ecovillage/community of like-minded individuals, but that's more of a 15-year plan.  The short-term goals would be establishing an orchard/farming areas and building one or two initial small/tiny homes on the land, and setting it up so we can have communal gatherings there with some regularity (with the plan of improving it over time so we can spend more and more time there until we're living there full-time).  We have group outings and camping trips pretty regularly already, and having a "home base" of our own for these would increase our sense of community within the group for sure.

We jokingly call it a cult amongst ourselves, but really we just want a communal environment where we can all practice our own flavors of sustainable living together.  We all have a pretty similar belief system (science is real, the environment is important, consumption doesn't increase happiness, it takes a village to raise a child, etc), and a lot of us feel pretty strongly about the idea, so as we've been accumulating the means to make this happen, we've been thinking more seriously about it.

letsdoit

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Re: Race from 500k to 1M!
« Reply #904 on: October 10, 2018, 11:11:30 AM »
wow, that sounds like something worth working toward

keep me in mind when you're setting it up; i can tie a bowline pretty consistently, it would be a useful  knot for communal life

catccc

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Re: Race from 500k to 1M!
« Reply #905 on: October 10, 2018, 07:05:52 PM »
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.

skip207

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Re: Race from 500k to 1M!
« Reply #906 on: October 11, 2018, 01:44:19 AM »
I was in and out but at the other end of the scale for a couple of months!  It was frustrating but got there in the end and at 1MM movements of a few 10k are IMHO just noise.

Randall Stephens

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Re: Race from 500k to 1M!
« Reply #907 on: October 11, 2018, 12:08:19 PM »
Gotta get in my October update, cause after first few days, have a feeling November won't be pretty. With that being said, pretty happy, was able to do my first-ever TLH event today (believe I had to end up doing a small wash sale, but should be okay as long as I report it from my understanding).

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)
10/1/18 - $579k NW ($462k Invested)

guelphinvestor

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Re: Race from 500k to 1M!
« Reply #908 on: October 11, 2018, 03:14:24 PM »
I am getting close to passing 1 million invested in the reverse direction after the last few days

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2Birds1Stone

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Re: Race from 500k to 1M!
« Reply #909 on: October 11, 2018, 03:17:05 PM »
Looks like we are squarely back in the $250->$500k race thread.......see y'all in a year or two.

doggyfizzle

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Re: Race from 500k to 1M!
« Reply #910 on: October 11, 2018, 04:01:23 PM »
I'll join; I was on the "race to $500k" thread and blew through $500k without really paying much attention.  Right now liquid NW of $560k, with almost $400k in home equity (yikes!!!), bringing our total NW to $960k.  It'll be a while until we hit $1M in liquid assets, but stacking almost $50k/year before any investment gains means my wife and I should hit it in a couple years.  Reading through this thread sure is motivating though.

So a bit less than a year later (with weird equity returns this year to boot):
Liquid: $630k
Home Equity: $400 (probably has gone up a bit based on local comps)

Total NW $1.03 million.  I'll stay on until we get to $1 million in liquid and then move on.

TempusFugit

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Re: Race from 500k to 1M!
« Reply #911 on: October 11, 2018, 04:15:05 PM »
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.

Does that make you a multi-millionaire? 



catccc

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Re: Race from 500k to 1M!
« Reply #912 on: October 11, 2018, 07:50:28 PM »
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.

Does that make you a multi-millionaire?

lol!  There needs to be a proper name for this zig zag action when you cross the same milestone over and over.  Thank goodness someone mentioned that this was a likely event, otherwise I think I would have taken the bouncing around too negatively!  Dropped another 15K today.  What a wild ride.

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #913 on: October 13, 2018, 09:25:31 AM »
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.

Does that make you a multi-millionaire?

lol!  There needs to be a proper name for this zig zag action when you cross the same milestone over and over.  Thank goodness someone mentioned that this was a likely event, otherwise I think I would have taken the bouncing around too negatively!  Dropped another 15K today.  What a wild ride.

I think it makes you a disenfranchised millionaire

rpr

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Re: Race from 500k to 1M!
« Reply #914 on: October 13, 2018, 05:07:35 PM »
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.

Does that make you a multi-millionaire?

lol!  There needs to be a proper name for this zig zag action when you cross the same milestone over and over.  Thank goodness someone mentioned that this was a likely event, otherwise I think I would have taken the bouncing around too negatively!  Dropped another 15K today.  What a wild ride.

I think it makes you a disenfranchised millionaire

I think it makes you a millionaire many times over.

actionjackson

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Re: Race from 500k to 1M!
« Reply #915 on: October 14, 2018, 12:34:28 PM »
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353
Sep - 529071
Oct - 519042

Well, this game used to be more fun ;) down 10k despite putting in as much.

skip207

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Re: Race from 500k to 1M!
« Reply #916 on: Today at 01:09:38 PM »
Yep its going to be painful this month just had a quick look and we are down a good chunk.