Author Topic: 500k achievement unlocked!  (Read 7580 times)

Cookie78

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500k achievement unlocked!
« on: July 15, 2015, 09:47:47 AM »
Normally I tally up my net worth every 2 months around the 15th. But I couldn't wait another month so I did it today. Numbers are rounded to the nearest thousand and the equity in both houses is estimated, but today the numbers added up exactly to 500,000!

Feels so good. This forum is truly life changing. :)

forummm

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Re: 500k achievement unlocked!
« Reply #1 on: July 15, 2015, 09:50:59 AM »

tarheeldan

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Re: 500k achievement unlocked!
« Reply #2 on: July 15, 2015, 10:35:09 AM »
Congratulations!!!

Rosy

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Re: 500k achievement unlocked!
« Reply #3 on: July 15, 2015, 05:58:31 PM »
CONGRATS! 500k is a huge milestone.

G-dog

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Re: 500k achievement unlocked!
« Reply #4 on: July 15, 2015, 06:10:01 PM »
Congratulations! Hitting milestones is so gratifying.

Erica/NWEdible

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Re: 500k achievement unlocked!
« Reply #5 on: July 15, 2015, 08:00:07 PM »

MrsPfennig

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Re: 500k achievement unlocked!
« Reply #6 on: July 16, 2015, 01:15:28 AM »
Awesome! Sending you virtual high fives!

KBecks2

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Re: 500k achievement unlocked!
« Reply #7 on: July 16, 2015, 04:55:21 AM »
Congrats!!! 

UnleashHell

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Re: 500k achievement unlocked!
« Reply #8 on: July 16, 2015, 05:31:12 AM »
Nice!!

sheepstache

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Re: 500k achievement unlocked!
« Reply #9 on: July 16, 2015, 07:24:25 AM »
WOO

Now that your achievement is unlocked, the average annual return on the stock market is actually 15%. 7% is just for the noobs.

Zamboni

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Re: 500k achievement unlocked!
« Reply #10 on: July 16, 2015, 07:31:42 AM »
Well done!

Cookie78

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Re: 500k achievement unlocked!
« Reply #11 on: July 16, 2015, 07:48:48 AM »
WOO

Now that your achievement is unlocked, the average annual return on the stock market is actually 15%. 7% is just for the noobs.

BEST NEWS EVER!! :D :p

forgerator

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Re: 500k achievement unlocked!
« Reply #12 on: July 19, 2015, 07:53:55 PM »
Normally I tally up my net worth every 2 months around the 15th. But I couldn't wait another month so I did it today. Numbers are rounded to the nearest thousand and the equity in both houses is estimated, but today the numbers added up exactly to 500,000!

Feels so good. This forum is truly life changing. :)

I am not sure the equity in your homes is the correct calculation here. Maybe a more accurate formula would be to subtract the remaining loan amount from the market price of your home ?

Heckler

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Re: 500k achievement unlocked!
« Reply #13 on: July 19, 2015, 08:37:46 PM »
High Five Cookie! 


WOO

Now that your achievement is unlocked, the average annual return on the stock market is actually 15%. 7% is just for the noobs.

Care to explain further?  Sure, my US and EAFE indexes (bought in $Cad) are doing great right now (+14% and +19%), but that's only because the $Cad has plummeted.  My purchases now won't be seeing these returns for quite some time... 

Cookie78

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Re: 500k achievement unlocked!
« Reply #14 on: July 19, 2015, 09:41:45 PM »
Normally I tally up my net worth every 2 months around the 15th. But I couldn't wait another month so I did it today. Numbers are rounded to the nearest thousand and the equity in both houses is estimated, but today the numbers added up exactly to 500,000!

Feels so good. This forum is truly life changing. :)

I am not sure the equity in your homes is the correct calculation here. Maybe a more accurate formula would be to subtract the remaining loan amount from the market price of your home ?

That's what I did. Is that not the same as equity?

Guesl982374

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Re: 500k achievement unlocked!
« Reply #15 on: July 20, 2015, 08:27:47 AM »
Keep up the great work! Take a minute to look back on what you've achieved and to look forward to compounding interest to take off!

sheepstache

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Re: 500k achievement unlocked!
« Reply #16 on: July 20, 2015, 08:31:29 AM »
High Five Cookie! 


WOO

Now that your achievement is unlocked, the average annual return on the stock market is actually 15%. 7% is just for the noobs.

Care to explain further?  Sure, my US and EAFE indexes (bought in $Cad) are doing great right now (+14% and +19%), but that's only because the $Cad has plummeted.  My purchases now won't be seeing these returns for quite some time...

That's nothing compared to when you unlock the $1M achievement. Once a year John Bogle will personally bring you cupcakes. If you want a particular day, be sure to schedule it well in advance.

Giro

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Re: 500k achievement unlocked!
« Reply #17 on: July 20, 2015, 09:30:43 AM »
EXCELLENT.

I may have to go calculate my net worth now.  this is motivating.


Heckler

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Re: 500k achievement unlocked!
« Reply #18 on: July 20, 2015, 10:56:25 AM »
I already booked my birthday visit from John as soon as I bought VUN. Thanks for the heads up though!

forgerator

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Re: 500k achievement unlocked!
« Reply #19 on: July 20, 2015, 11:48:31 AM »
Normally I tally up my net worth every 2 months around the 15th. But I couldn't wait another month so I did it today. Numbers are rounded to the nearest thousand and the equity in both houses is estimated, but today the numbers added up exactly to 500,000!

Feels so good. This forum is truly life changing. :)

I am not sure the equity in your homes is the correct calculation here. Maybe a more accurate formula would be to subtract the remaining loan amount from the market price of your home ?

That's what I did. Is that not the same as equity?

My bad. You're right. I was thinking of something else.

Bob W

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Re: 500k achievement unlocked!
« Reply #20 on: July 20, 2015, 11:53:32 AM »
Yeah Baby!   In my neck of the woods that makes you FI.   

Bajadoc

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Re: 500k achievement unlocked!
« Reply #21 on: July 20, 2015, 12:58:37 PM »
Thats 500,000 little George Washington's working for you. Good job!

Cookie78

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Re: 500k achievement unlocked!
« Reply #22 on: July 20, 2015, 01:03:48 PM »
Thats 500,000 little George Washington's working for you. Good job!

Yeah, those are Canadian dollars... so 500,000 little loons? lol

Bajadoc

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Re: 500k achievement unlocked!
« Reply #23 on: July 20, 2015, 01:38:36 PM »
Thats 500,000 little George Washington's working for you. Good job!

Yeah, those are Canadian dollars... so 500,000 little loons? lol

Loons can work as well as Georges given the right encouragement.

LifeDesigner

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Re: 500k achievement unlocked!
« Reply #24 on: July 21, 2015, 05:42:42 AM »
Fantastic! Congratulations, it's a huge milestone. I'm dreaming about the day I reach that!

Stash Engineer

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Re: 500k achievement unlocked!
« Reply #25 on: July 21, 2015, 11:41:01 AM »
WOW, congrats!  I'm still shooting for $100k.  I can't wait to see what 500k feels like!