Author Topic: Get to 1 Million in Net worth  (Read 125782 times)

WildJager

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Re: Get to 1 Million in Net worth
« Reply #350 on: June 02, 2017, 02:28:46 PM »
I'm game.  Estimate 4% return.  100% invested in stocks.

Present: $725,000.  June, 2015.
Estimate: $800,000.  Dec, 2015.
Estimate: $900,000.  Jun, 2016.
Estimate: $1,000,000. Jan, 2017.

Edit: Jul 2015 update

Update:  Estimations proved true for the most part.  The Trump boost vaulted us over the Jan 2017 estimate.  Currently at $1,250,000.  It's crazy how fast money accumulates once you start having a compounding momentum behind you.  My money inputs from work savings is a joke compared to the monthly market fluctuations. 

Bergal

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Re: Get to 1 Million in Net worth
« Reply #351 on: June 04, 2017, 07:10:03 AM »
So excited - just over $1m in assets!!!  Finally!  Of course, when mortgage is factored in, it's back down to $884k.  But I'm getting there thanks to this forum. 

Cornbread OMalley

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Re: Get to 1 Million in Net worth
« Reply #352 on: June 04, 2017, 03:01:09 PM »
So excited - just over $1m in assets!!!  Finally!  Of course, when mortgage is factored in, it's back down to $884k.  But I'm getting there thanks to this forum.
Way to go!

Zamboni

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Re: Get to 1 Million in Net worth
« Reply #353 on: June 05, 2017, 05:14:58 AM »
Congrats, Bergal!

Still have a long way to go to the first million for me, but great thread for keeping track of where we are all heading on NW. Here is my latest tracking:

$602K   Dec, 2016
$631K   June, 2017


Bergal

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Re: Get to 1 Million in Net worth
« Reply #354 on: June 05, 2017, 06:44:28 PM »
Thanks, Cornbread and Zamboni!  It was pretty cool to see that extra zero.  More motivation to stay focused on my goals!!

LateToTheParty

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Re: Get to 1 Million in Net worth
« Reply #355 on: June 11, 2017, 08:14:12 AM »
Kudos to everyone.
I am checking in earlier than my quarterly check in, but am excited that we have achieved our 1M Net Worth goal. I am shocked at how quickly it has come!

Next up - 1M in investments. This is when DH will FIRE, and I will downshift to part time, working essentially for Health bennies and letting out stash continue to grow.

Net Worth
Goal #1 $1M Net Worth by end of 2017 MET
Goal #2 $1M in Investments by end of 2020
Goal # 3 paid off mortgage 2024

6/11/2107 $ net worth $1,070,000
Investments + cash $670,00
Home Equity $300,000

4/1/2017 $ net worth $908,000
Investments + cash $635,000
Home Equity $272,000

1/1/2017 $848,000 net worth
Investments + cash $581,000
Home Equity $267,000

10/4/2016 $801,636 net worth
Investments + cash $544,836
Home Equity $256,800

talltexan

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Re: Get to 1 Million in Net worth
« Reply #356 on: June 12, 2017, 01:04:00 PM »
Congrats on crossing the $1 million line.

One thing that intrigues me is how low a fraction of that is home equity for a lot of people. I listen to the Dave Ramsey millionaire hours, and it never seems like people call in with $1 million, paid-for homes, but only about $250,000 of other assets. It seems like owning a home--and Late seems high compared to this--that is 1/4 of your net worth seems typical.


oldtoyota

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Re: Get to 1 Million in Net worth
« Reply #357 on: June 15, 2017, 12:51:43 PM »
So excited - just over $1m in assets!!!  Finally!  Of course, when mortgage is factored in, it's back down to $884k.  But I'm getting there thanks to this forum.

That's exciting! Congrats!!