Author Topic: Finally broke the million $ net worth mark!  (Read 11798 times)

fmzip

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Finally broke the million $ net worth mark!
« on: February 03, 2015, 06:08:56 PM »
Thanks to this forum, we saved just over $100K this year, 62% of our income with ease.

48 years and 9 months to hit this mark, 9 more years to go to retirement! Would have been 20+ if I didn't find this forum.

Thanks everyone! Had to share :)

« Last Edit: February 03, 2015, 06:10:57 PM by fmzip »

Gone Fishing

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Re: Finally broke the million $ net worth mark!
« Reply #1 on: February 03, 2015, 06:15:10 PM »
Awesome!

Exflyboy

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Re: Finally broke the million $ net worth mark!
« Reply #2 on: February 03, 2015, 07:15:39 PM »
Fantastic.. now onto $1m liquid!

Frank

iris lily

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Re: Finally broke the million $ net worth mark!
« Reply #3 on: February 03, 2015, 07:19:09 PM »
Yay, super badassity!

SaintM

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Re: Finally broke the million $ net worth mark!
« Reply #4 on: February 03, 2015, 08:25:24 PM »
Congrats, but remember it's just a number on a computer screen.

tracylayton

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Re: Finally broke the million $ net worth mark!
« Reply #5 on: February 03, 2015, 08:31:51 PM »
Hoping to do the same this year or next...congratulations!!!

fmzip

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Re: Finally broke the million $ net worth mark!
« Reply #6 on: February 03, 2015, 08:33:12 PM »
Congrats, but remember it's just a number on a computer screen.

Better than a lot of other numbers I can think of :)

SingleMomDebt

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Re: Finally broke the million $ net worth mark!
« Reply #7 on: February 03, 2015, 08:41:22 PM »
Love reading about big goals & dreams being met! it's really wonderful!

Zamboni

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Re: Finally broke the million $ net worth mark!
« Reply #8 on: February 03, 2015, 09:53:56 PM »
Congrats!

MustachianMD

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Re: Finally broke the million $ net worth mark!
« Reply #9 on: February 03, 2015, 10:33:12 PM »
Congratulations, cheers to progress!

nora

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Re: Finally broke the million $ net worth mark!
« Reply #10 on: February 04, 2015, 05:02:26 AM »
Fantastic news!

catccc

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Re: Finally broke the million $ net worth mark!
« Reply #11 on: February 04, 2015, 12:10:08 PM »
seriously awesome!!! I can't wait to post the same.  It might be a good 5 years, but I'm gonna get there!!!

G-dog

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Re: Finally broke the million $ net worth mark!
« Reply #12 on: February 04, 2015, 06:51:59 PM »
Congratulations on your 2nd comma!  keep up the great work.
« Last Edit: February 04, 2015, 09:25:12 PM by G-dog »

beee

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Re: Finally broke the million $ net worth mark!
« Reply #13 on: February 04, 2015, 07:00:58 PM »
Congratulations!

I remember the time our net worth reached 1 million. We were 23 yo. It felt great.
1 million russian roubles, though, so only 30k CAD at that time exchange rate :)))
« Last Edit: February 04, 2015, 07:02:57 PM by ildar »

lexie2000

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Re: Finally broke the million $ net worth mark!
« Reply #14 on: February 04, 2015, 08:58:59 PM »
Excellent.  How exciting!!

FOBStash

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Re: Finally broke the million $ net worth mark!
« Reply #15 on: February 05, 2015, 12:02:34 AM »
Radcakes!

Workinghard

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Re: Finally broke the million $ net worth mark!
« Reply #16 on: February 05, 2015, 03:58:04 AM »
WTG! But you're still planning on working another nine years? You might reconsider that once you hit 1m liquid unless you're accounting for a more expensive lifestyle or leaving money for heirs. :)

We plan on hitting the same milestone this year, but we are a lot older.I might be able to push it and say we  have already reached it figuring on the high end of our house, but I'm figuring on the low end- a difference of 40 to 50K.

couponvan

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Re: Finally broke the million $ net worth mark!
« Reply #17 on: February 05, 2015, 08:28:01 PM »
I took a picture and texted it to my DH when we hit that number....then jinxed ourselves with the crapoy 2006 estate and 2008 stock market.  I no longer celebrate, just keep on keeping on! :-).

Congratulations!!  The next number up in front of the commas will come faster than you think!

MarciaB

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Re: Finally broke the million $ net worth mark!
« Reply #18 on: February 05, 2015, 09:49:04 PM »
Yeah! One meeeeeelyon dollars...  Well done you.

yoga mama

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Re: Finally broke the million $ net worth mark!
« Reply #19 on: February 06, 2015, 06:50:31 AM »
That's AWESOME!  Congratulations!  Love seeing the screen shot!

11ducks

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Re: Finally broke the million $ net worth mark!
« Reply #20 on: February 07, 2015, 04:31:36 AM »
Congratulations on your *insert Dr Evil pinkie* "one.... million dollars!!!"

andystkilda

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Re: Finally broke the million $ net worth mark!
« Reply #21 on: February 07, 2015, 04:19:12 PM »
Congratulations!!

It's a big milestone, symbolic and otherwise.

Exflyboy

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Re: Finally broke the million $ net worth mark!
« Reply #22 on: February 07, 2015, 04:43:44 PM »
With your obviously very high income you'll hit $1m liquid very quickly and then, well might as well go for $2M liquid and then your SWR will be $80k, which is similar to your today's spend.

Very cool indeed.

Frank

ShortInSeattle

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Re: Finally broke the million $ net worth mark!
« Reply #23 on: February 07, 2015, 05:10:54 PM »
Congrats! That's darn impressive. :)

sleepyguy

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Re: Finally broke the million $ net worth mark!
« Reply #24 on: February 09, 2015, 11:41:54 AM »
BOOM!  Very nice!

Now when do you give the boss a middle finger and walk out? ;)

flashpacker

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Re: Finally broke the million $ net worth mark!
« Reply #25 on: February 09, 2015, 06:47:51 PM »
Great job!

NICE!

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Re: Finally broke the million $ net worth mark!
« Reply #26 on: February 10, 2015, 03:35:33 AM »
Fantastic.. now onto $1m liquid!

Ha, always new heights.

thd7t

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Re: Finally broke the million $ net worth mark!
« Reply #27 on: February 10, 2015, 02:14:12 PM »
With your obviously very high income you'll hit $1m liquid very quickly and then, well might as well go for $2M liquid and then your SWR will be $80k, which is similar to your today's spend.

Very cool indeed.

Frank
Looks like they spend about $61k (savings rate of 62%=$100k), so they shouldn't even have to go that long!

Exflyboy

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Re: Finally broke the million $ net worth mark!
« Reply #28 on: February 10, 2015, 02:25:00 PM »
Ahh they might as well.. a little bit of margin never hurt and they have a huge income so it won't take too long.

Then again, how much margin is "enough".. feel free to read my blog below for an extensive discussion on that point..:)

Frank

Mrs. Healthywealth

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Re: Finally broke the million $ net worth mark!
« Reply #29 on: February 11, 2015, 07:38:34 AM »
Congrats, you don't have far to go to hit $1mil liquid :)

frugaldrummer

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Re: Finally broke the million $ net worth mark!
« Reply #30 on: February 11, 2015, 09:50:51 AM »
Congrats!  Your post inspired me to do a little back-of-the-napkin math - between about $320k in house equity and $430k in retirement accounts, I'm sitting right at $750k myself.  Now I'm really inspired to push that up to the 1 million mark myself!  Thanks for the motivation :)

Secretly Saving

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Re: Finally broke the million $ net worth mark!
« Reply #31 on: February 11, 2015, 02:08:41 PM »
Congratulations!  We hit 1M Net this month as well and it feels great!  I'm currently brainstorming on what exactly the next big goal will be.  Do you have one planned?

Retire-Canada

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Re: Finally broke the million $ net worth mark!
« Reply #32 on: February 14, 2015, 12:54:13 PM »
Awesome congrats! You done good. :)

I'm excited to get to $1M NW. It will be after I am retired, but it will still be a nice feeling.

-- Vik

clarkfan1979

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Re: Finally broke the million $ net worth mark!
« Reply #33 on: February 15, 2015, 05:53:06 AM »
Congratulations. I think our realistic goal is to hit 1MM at a similar age (me 48 and her 44). Our big goal is to hit 600K at which point my wife will quit work so we can travel more. I will never retire because I love my job and it's very flexible. We are currently at 253K. I think we should hit 600K in 5 years.   

PatStab

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Re: Finally broke the million $ net worth mark!
« Reply #34 on: February 15, 2015, 10:20:59 PM »
We keep bumping the $1M  cash and investment mark and then we build a garage or something.  We have $10k to go to get there, we will have it with just 401K this year but want to do it before then.  Net worth is around $1.3 give or take, we don't include vehicles, motorhome, trailers, tractors, riding mowers, tools, etc, or anything like that as they are depreciating assets. 

chesebert

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Re: Finally broke the million $ net worth mark!
« Reply #35 on: February 16, 2015, 12:16:41 AM »
What's with the mom's house? Is she still alive?

TheThirstyStag

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Re: Finally broke the million $ net worth mark!
« Reply #36 on: February 17, 2015, 07:22:15 AM »
Awesome sauce.  Keep up the good work!

Bateaux

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Re: Finally broke the million $ net worth mark!
« Reply #37 on: February 21, 2015, 12:36:38 AM »
Welcome to the 7 figure club!!!  I remember doing the math as well. I told my wife I love you a million times.  The next morning we went back to work.  More recently with new tracking software I showed her we were over a million liquid.   We went to work the next day.  We're rapidly closing on 2 million NW.  We'll still go to work.  At 2 million liquid I'm not setting the alarm clock for work.  Watching your accounts swing daily at this level takes some getting used to.   $10,000 up or down days are common.

happy

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Re: Finally broke the million $ net worth mark!
« Reply #38 on: February 21, 2015, 06:00:47 AM »
Congratulations!