Author Topic: Who became a millionaire in 2021?  (Read 7035 times)

pdxvandal

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Re: Who became a millionaire in 2021?
« Reply #50 on: June 03, 2021, 04:43:01 PM »
Looks like I hit the $1M (investments only) mark on April 1 ... no joke! It's pretty crazy to think my LNW has more than doubled since January 2018. I'm not 100% sure when I'm pulling the plug, but right now, thinking a year from now, health and wealth depending.

Dibbels81

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Re: Who became a millionaire in 2021?
« Reply #51 on: June 10, 2021, 02:28:16 PM »
Household net worth topped 1 million last week. I'm obviously not an individual millionaire yet, but still feels good! About 85% is with our Vanguard portfolio, and the rest is home equity. The wife is only 30 y/o, so she's way ahead of the game. I'm older at 39.  I've been following MMM for about 7 years now so it feels cool to finally sit at the adult table.

To celebrate, we're treating the parents to dinner. Her parents are part of the 7 figure club, but mine aren't, but they won't turn down free food.

Icecreamarsenal

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Re: Who became a millionaire in 2021?
« Reply #52 on: Today at 06:52:59 AM »
For those unaware, I'd like to bring up the 'Race from X to Y' series in the 'Throw Down the Gauntlet' section of the forum.
People 'race' (not really) from $500k to 1m, 1 to 2, 2 to 4, etc.
I find it to be a good motivational tool, as I'm not that competitive naturally.

utaca

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Re: Who became a millionaire in 2021?
« Reply #53 on: Today at 10:39:37 AM »
We were probably millionaires with home equity included for awhile but we passed $1M liquid this year. However, it's in CAD so basically we have enough to buy a pretty good sandwich if converted to USD ;)

clarkfan1979

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Re: Who became a millionaire in 2021?
« Reply #54 on: Today at 11:27:32 AM »
I was estimating November/December, but I think we are there. The real estate comps are becoming somewhat unbelievable and it's been difficult to keep up.
 
Rental Real Estate Equity: 900K
Primary Home Equity: 125K
Retirement Accounts: 190K
Cash: 35K
Student Loans: 25K

Based on my calculations, we are at 1,225,000. If I sold all the real estate (2.15 million), I would have to pay 7% transactions costs (150K). That would put our final number at 1,075,000.