Author Topic: Race from $1M to $2M  (Read 435900 times)

Travis

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Re: Race from $1M to $2M
« Reply #1400 on: January 30, 2021, 08:18:02 PM »
Probably safe to start posting in this club now.

JAN 2014 - $364k
DEC 2014 - $458k
DEC 2015 - $525k
DEC 2016 - $650k
DEC 2017 - $850k
DEC 2018 - $866k
DEC 2019 - $1,208,000
DEC 2020 - $1,507,000
(all updates end of month)
JAN 2021 - $1,528,000

Zamboni

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Re: Race from $1M to $2M
« Reply #1401 on: January 30, 2021, 09:44:49 PM »
                     LNW           TNW
Nov 2019     $1.02MM     $1.18MM
Dec 2019     $1.02MM     $1.24MM
Jan 2020      $1.11MM     $1.27MM
Apr 2020      $1.01MM     $1.18MM     & happy to be alive!
July 2020     $1.06MM     $1.23MM     (+$50K)   
Aug 2020     $1.11MM    $1.28MM     (+$50K)   
Sep 2020     $1.15MM    $1.33MM     (+$50K)
Oct 2020      $1.17MM    $1.36MM     (+$30K)
Nov 2020     $1.22MM     $1.51MM    (+$50K)
Dec 2020     $1.26MM     $1.55MM    (+$40K)
Jan 2021     $1.28MM     $1.56MM     (+$10K)

Bird In Hand

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Re: Race from $1M to $2M
« Reply #1402 on: January 31, 2021, 12:14:59 PM »
We've graduated to the $2M-$4M race as of Friday, with a LNW of $2.005M and TNW > $2.4M.  I'm taking my own advice and sticking around here for a while though!  Mr. Market is fickle.

We've been back and forth across $2M several times this month, as expected.  Currently at $1.981M, and tickled that this week's market dip came right before our scheduled retirement contributions.

Watchmaker

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Re: Race from $1M to $2M
« Reply #1403 on: January 31, 2021, 12:33:30 PM »
               TNW            IA
Jun-05    -0.02 MM
Aug-13    0.15 MM
Sep-16    0.50 MM
Jul-19      1.02 MM
Nov-19    1.08 MM
Apr-20     1.04 MM
May-20    1.13 MM
Aug-20    1.28 MM     1.22 MM
Sept-20   1.28 MM     1.15 MM
Nov-20    1.51 MM     1.38 MM
Dec-20    1.55 MM     1.42 MM
Jan-21     1.57 MM     1.44 MM

Was briefly above 1.6 MM but the market and tax payments brought it back down.

Arbitrage

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Re: Race from $1M to $2M
« Reply #1404 on: January 31, 2021, 02:11:50 PM »
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
1/1/20: $1.049M / 1.531M
4/1/20: ~$810k / 1.278M
7/1/20: $1.042M / 1.524M
10/1/20: $1.138M / 1.641M
1/1/21: $1.370M / 1.883M
2/1/21: $1.392M / 1.914M

Finntastic

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Re: Race from $1M to $2M
« Reply #1405 on: January 31, 2021, 07:56:16 PM »
with a couple of bad months now back I'm back here:

Nov 2020 - 864k$
Dec 2020 - 956k$
Jan 2021 - 1.193m$ (cash 54%, gold 8.4%, crypto 12.8%, real estate 23.7%, stock & bonds 1%)

Zamboni

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Re: Race from $1M to $2M
« Reply #1406 on: January 31, 2021, 08:08:01 PM »
^Welcome back!

Finntastic

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Re: Race from $1M to $2M
« Reply #1407 on: February 01, 2021, 08:54:46 PM »
^Welcome back!
Thank you it's good to be back

talltexan

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Re: Race from $1M to $2M
« Reply #1408 on: February 02, 2021, 06:26:42 AM »
Finntastic- are you open to discussing your allocations more, it looks like you're pursuing some type of a barbell allocation.

Finntastic

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Re: Race from $1M to $2M
« Reply #1409 on: February 02, 2021, 06:38:50 AM »
Finntastic- are you open to discussing your allocations more, it looks like you're pursuing some type of a barbell allocation.

sure but you need to help me out as I'm not familiar with barbell allocation, for me barbell is that thing I used this morning for my work out of the day. My current allogation is still very much work in progress and the end goals is 50% real estate, 10% crypto, 10% gold, 10% stocks and 20% cash, but this is not based on any rationality at all except I'm freaking out about the direction world economy is taking and wanna cover my ass in all scenarious. Oh I should add that I also have my organic farm with offgrid house for the event of zombie apocalypse.


on the road

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Re: Race from $1M to $2M
« Reply #1410 on: February 02, 2021, 11:17:33 AM »
Liquid net worth

Aug 2020     $1,217K
Sep 2020     $1,260K
Oct 2020     $1,265K
Nov 2020     $1,253K
Dec 2020     $1,375K
Jan 2021     $1,428K
Feb 2021     $1,463K

« Last Edit: March 02, 2021, 09:22:16 AM by on the road »

winkleweizen

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Re: Race from $1M to $2M
« Reply #1411 on: February 02, 2021, 01:47:54 PM »
Its been a while

march 2019: 1.04m
july 2019:     1.18m
Oct 2019:     1.24m
Feb 2020:     1.42m
April 2020:    1.23m
May 2020:    1.38m
June 2020: 1.45m
July 2020:    1.507m
Sept 2020:  1.695m
Feb 2021: 1.990M

Crazy stock market

thedigitalone

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Re: Race from $1M to $2M
« Reply #1412 on: February 02, 2021, 02:16:24 PM »
             LNW         TNW   
12/2019    $0.96M     $1.43M
12/2020    $1.39M     $1.91M
...
01/2021    $1.43M     $1.96M
02/2021    $1.45M     $2,002,972.00

Just hit $2M in TNW for the first time yesterday, finally!  Well, at least until the market hiccups, I expect we'll yo-yo for a while until we build up some more capital.

RWD

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Re: Race from $1M to $2M
« Reply #1413 on: February 02, 2021, 02:25:25 PM »
             LNW         TNW   
12/2019    $0.96M     $1.43M
12/2020    $1.39M     $1.91M
...
01/2021    $1.43M     $1.96M
02/2021    $1.45M     $2,002,972.00

Just hit $2M in TNW for the first time yesterday, finally!  Well, at least until the market hiccups, I expect we'll yo-yo for a while until we build up some more capital.

Congrats! Multi-millionaire!

talltexan

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Re: Race from $1M to $2M
« Reply #1414 on: February 03, 2021, 09:07:58 AM »
Finntastic- are you open to discussing your allocations more, it looks like you're pursuing some type of a barbell allocation.

sure but you need to help me out as I'm not familiar with barbell allocation, for me barbell is that thing I used this morning for my work out of the day. My current allogation is still very much work in progress and the end goals is 50% real estate, 10% crypto, 10% gold, 10% stocks and 20% cash, but this is not based on any rationality at all except I'm freaking out about the direction world economy is taking and wanna cover my ass in all scenarious. Oh I should add that I also have my organic farm with offgrid house for the event of zombie apocalypse.

Your reported cash % makes it sound like you're still pretty far from this goal, perhaps you're accumulating it to buy real estate?

The idea of the "barbell" is to have mostly very low-volatility assets, but a sliver of very high-volatility, like options or--in your case--crypto. For example, Larry Swedroe advocates a tilt in the stock portion to small-cap-value.

leighb

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Re: Race from $1M to $2M
« Reply #1415 on: February 04, 2021, 09:28:40 AM »
2014: 512K
2015: 467K
2016: 514K
2017: 632K
2018: 697K
2019: 915K
2020: 1052K

1/21: 1153K
2/21: 1167K

LoanShark

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Re: Race from $1M to $2M
« Reply #1416 on: February 05, 2021, 10:59:39 AM »
         Liquid / TNW
12/17 $391k / $911k
12/18 $485k / $1.15M
12/19 $979k / $1.54M
12/20 $1.35m / $1.93M

Should cross over the $2MM TNW threshold here soon!

Finntastic

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Re: Race from $1M to $2M
« Reply #1417 on: February 08, 2021, 01:06:46 AM »
Finntastic- are you open to discussing your allocations more, it looks like you're pursuing some type of a barbell allocation.

sure but you need to help me out as I'm not familiar with barbell allocation, for me barbell is that thing I used this morning for my work out of the day. My current allogation is still very much work in progress and the end goals is 50% real estate, 10% crypto, 10% gold, 10% stocks and 20% cash, but this is not based on any rationality at all except I'm freaking out about the direction world economy is taking and wanna cover my ass in all scenarious. Oh I should add that I also have my organic farm with offgrid house for the event of zombie apocalypse.

Your reported cash % makes it sound like you're still pretty far from this goal, perhaps you're accumulating it to buy real estate?

The idea of the "barbell" is to have mostly very low-volatility assets, but a sliver of very high-volatility, like options or--in your case--crypto. For example, Larry Swedroe advocates a tilt in the stock portion to small-cap-value.

ok got it, I have to say I haven't spent enough time to think of any strategies yet, will probably have to start studying a bit more and look perhaps some advice also here on this forum.

I'm about to invest 120k USD into real estate in my native Finland (currently I only own properties in Thailand) so that will change the % a lot during Feb. I do also want to keep significant amout of cash stacked up incase something interesting happens where I need to react quickly and have not time to liquidate my gold for example.

engineerjourney

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Re: Race from $1M to $2M
« Reply #1418 on: February 09, 2021, 08:12:39 AM »
Joining my first race thread, I usually update our total net worth once a month in the first week of the month.  Just about to hit my 10 year full-time working milestone this month and also just hit $1M in TNW!  We have two kids, one on the way, and potentially one more in the future so our FIRE number is not nailed down at all but I estimate somewhere around $1.4M without a mortgage and $2M with our current mortgage (in our fancy and super loved house that can fit all the kids so maybe we will keep it til some fly the nest instead of downsizing at FIRE like I thought we would). 

Cant find my old net worth info right now but we started 2011 after graduating with our masters degrees with negative net worth due to student loans.
Month Year - LNW/TNW
Jan 2019 - $485k/$612k
Jan 2020 - $625k/$741k
Jan 2021 - $871k/$996k

Feb 2021 hit $1M TNW!
Absolutely crazy to me! Excited to see how long it takes to get to $2M or pull the plug!

dandarc

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Re: Race from $1M to $2M
« Reply #1419 on: February 09, 2021, 08:23:18 AM »
Hurray second comma @engineerjourney!

JGS1980

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Re: Race from $1M to $2M
« Reply #1420 on: February 09, 2021, 09:14:56 AM »
Congrats Engineer!

catbend

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Re: Race from $1M to $2M
« Reply #1421 on: February 13, 2021, 09:06:44 AM »
Journey to 1M and beyond with a few lessons along the way. 

2012--- $198k   
2013--- $256k  (+58)
2014--- $332k  (+76)
2015--- $445k  (113
2016--- $522k  (+77) (+husband!)
2017--- $655k  (+133)
2018--- $690k  (+35)
2019--- $898k  (+208)
2020--- $1,211 (+313)
today---$1,300 

In 2018, husband and I decided to push to payoff the house and up our % salary invested.  I think we're at about 36% now.  Which ends up being between 60 and 80k/year.  We both work jobs that can have considerable overtime, so that's why the range. 
 
I feel like net worth is really cranking now, of course partly due to good market conditions.  We're in TSP and Vanguard. 
I think our retirement number is 2.2 million.  We're really not FIRE as I'm looking at living on 90k/year and could be 50 when I retire, so possibly 40 years to go.

I started investing in my early 20s, got a psychological bump from hosting a home group of the Dave Ramsey program in the mid 2000's.  A simple excel sheet tracking monthly account balances has been a powerful tool. 

Other useful tip: use a printed "fundraising thermometer" to reach goals.  We did this with our house payoff and now are doing it with retirement.  I might post more in a separate thread on that.  It is stuck to the inside of a kitchen cabinet and when we have extra money that needs to be manually invested we talk about it, and then color in the thermometer, and move money. 

This simple trick that has really improved our shared vision, kept our goals front and center, and made us more able to "see" the progress. 
All these net worth figures are without the house value. 

One thing I might do differently is not payoff the house.  It was an emotional win, and has allowed us to invest more, faster... but IDK.  It was our last revolving bill and now credit is suffering a bit. 

JGS1980

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Re: Race from $1M to $2M
« Reply #1422 on: February 13, 2021, 10:41:55 AM »
If you have a paid off house, and plenty of retirement and taxable income, why would you need credit?

TempusFugit

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Re: Race from $1M to $2M
« Reply #1423 on: February 13, 2021, 02:27:35 PM »
Having access to credit is always a good idea just on principle, I think.

Having good credit helps your insurance rates.
Having good credit saves you money when you use a good rewards credit card.
Having access to credit services as an 'emergency fund' for short term cash flow. 


JGS1980

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Re: Race from $1M to $2M
« Reply #1424 on: February 13, 2021, 03:25:02 PM »
Having access to credit is always a good idea just on principle, I think.

Having good credit helps your insurance rates.
Having good credit saves you money when you use a good rewards credit card.
Having access to credit services as an 'emergency fund' for short term cash flow.

Errrr. You don't really need much insurance if you are rich and can afford repairs as necessary. You can float the credit card charges regardless of the APR, as you have cash to pay it anyway. Why would you need a credit card efund when you already have an efund?

TempusFugit

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Re: Race from $1M to $2M
« Reply #1425 on: February 14, 2021, 02:49:56 PM »
Having access to credit is always a good idea just on principle, I think.

Having good credit helps your insurance rates.
Having good credit saves you money when you use a good rewards credit card.
Having access to credit services as an 'emergency fund' for short term cash flow.

Errrr. You don't really need much insurance if you are rich and can afford repairs as necessary. You can float the credit card charges regardless of the APR, as you have cash to pay it anyway. Why would you need a credit card efund when you already have an efund?

I dunno about the whole self insurance thing.  Something like a burst water line or a fallen tree can cost you tens of thousands of dollars.  I think Im much more comfortable having insurance fo that sort of thing.

Having a good rewards card isn't about the APR but about actually reducing your spending by a few percent or getting travel deals. 

As to efund, i don't generally keep thousands of dollars in cash in my checking account, and if you have an e, you probably need quick access like with a credit card. 

Diffrent strokes for diffrent folks, i guess.   

LoanShark

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Re: Race from $1M to $2M
« Reply #1426 on: February 15, 2021, 11:07:13 AM »
         Liquid / TNW
12/17 $391k / $911k
12/18 $485k / $1.15M
12/19 $979k / $1.54M
12/20 $1.35M / $1.93M

2/21 $1.6M / $2.14M

That was fast! Thanks to the market continuing to rally and bonus season.

talltexan

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Re: Race from $1M to $2M
« Reply #1427 on: February 18, 2021, 05:49:05 AM »
Good job, @LoanShark , you seem to be getting Loan Shark rates of return on something.

LoanShark

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Re: Race from $1M to $2M
« Reply #1428 on: February 18, 2021, 08:33:45 AM »
Good job, @LoanShark , you seem to be getting Loan Shark rates of return on something.

haha! Thanks @talltexan. Hope you're staying warm in TX (feels weird to type that)!

on the road

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Re: Race from $1M to $2M
« Reply #1429 on: February 18, 2021, 09:06:13 AM »
Journey to 1M and beyond with a few lessons along the way. 

2012--- $198k   
2013--- $256k  (+58)
2014--- $332k  (+76)
2015--- $445k  (113
2016--- $522k  (+77) (+husband!)
2017--- $655k  (+133)
2018--- $690k  (+35)
2019--- $898k  (+208)
2020--- $1,211 (+313)
today---$1,300 

In 2018, husband and I decided to push to payoff the house and up our % salary invested.  I think we're at about 36% now.  Which ends up being between 60 and 80k/year.  We both work jobs that can have considerable overtime, so that's why the range. 
 
I feel like net worth is really cranking now, of course partly due to good market conditions.  We're in TSP and Vanguard. 
I think our retirement number is 2.2 million.  We're really not FIRE as I'm looking at living on 90k/year and could be 50 when I retire, so possibly 40 years to go.

I started investing in my early 20s, got a psychological bump from hosting a home group of the Dave Ramsey program in the mid 2000's.  A simple excel sheet tracking monthly account balances has been a powerful tool. 

Other useful tip: use a printed "fundraising thermometer" to reach goals.  We did this with our house payoff and now are doing it with retirement.  I might post more in a separate thread on that.  It is stuck to the inside of a kitchen cabinet and when we have extra money that needs to be manually invested we talk about it, and then color in the thermometer, and move money. 

This simple trick that has really improved our shared vision, kept our goals front and center, and made us more able to "see" the progress. 
All these net worth figures are without the house value. 

One thing I might do differently is not payoff the house.  It was an emotional win, and has allowed us to invest more, faster... but IDK.  It was our last revolving bill and now credit is suffering a bit.

Love this story! Way to go, @catbend and welcome!
« Last Edit: February 18, 2021, 09:07:44 AM by on the road »

Much Fishing to Do

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Re: Race from $1M to $2M
« Reply #1430 on: February 18, 2021, 01:01:51 PM »
Having access to credit is always a good idea just on principle, I think.

Having good credit helps your insurance rates.
Having good credit saves you money when you use a good rewards credit card.
Having access to credit services as an 'emergency fund' for short term cash flow.

Errrr. You don't really need much insurance if you are rich and can afford repairs as necessary. You can float the credit card charges regardless of the APR, as you have cash to pay it anyway. Why would you need a credit card efund when you already have an efund?

I dunno about the whole self insurance thing.  Something like a burst water line or a fallen tree can cost you tens of thousands of dollars.  I think Im much more comfortable having insurance fo that sort of thing.

Having a good rewards card isn't about the APR but about actually reducing your spending by a few percent or getting travel deals. 

As to efund, i don't generally keep thousands of dollars in cash in my checking account, and if you have an e, you probably need quick access like with a credit card. 

Diffrent strokes for diffrent folks, i guess.

Having access to temporary or emergency cash can have an opportunity cost involved.  Even I, who had paid off his home and had been debt free for years, found myself in a situation with a growing business that often needed large amounts of cash for small periods of time so it was nice to get a large line of credit at a good rate to be available when needed.  I didn't want to be selling stock every time that happened, nor did I want the cash sitting around not invested for the 2% of the time it was needed.  At certain levels having cash sitting around for true emergencies (i.e. you probably will not ever use it) when you'd rather be fully invested can be a lot more costly than even paying some interest at times.  As I started approaching RE I built up a lot more cash per my allocation wishes and so I doubt getting credit matters to me now, but it did for a lot longer than I would have thought.

catccc

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Re: Race from $1M to $2M
« Reply #1431 on: February 22, 2021, 09:09:30 AM »
Hit $1M on 8/9/18
 
12/31/18 $932K
12/31/19 $1.265
12/31/20 $1.606

As of 2/22/21, at $1.705

Attempting to attach a graph.  Wish I knew how to put it in line.

catbend

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Re: Race from $1M to $2M
« Reply #1432 on: February 23, 2021, 03:30:51 PM »
Wow! Thanks for warm welcome and all the interesting chat.  Here are a few thoughts. 

@JGS1980 @TempusFugit All good thoughts you offer about self-insuring, major (10k and larger) bills, and of course different strokes for different folks.
For our personal situation we keep 10k in cash in the bank in checking.  Riddle me that  one batman, its a very small percentage of our nest egg, and while there are opportunity costs ($120/year I think), it's the tolerable level of peace of mind that myself and husband have agreed to. Financial vision is one thing we both think we do well and this was one big agreement that has helped us be comfortable, wise, and aggressive when it made sense.   

@Much Fishing to Do agreed! there are other reasons, many and varied why you might want good credit. 
For us, we anticipate buying another house and moving at least once if not twice more and we anticipate taking out a loan to do it.
Of course depending on market rates and our personal situation and timing.  I also like the power that my emergency, we like to call it opportunity, fund affords. 

@on the road thank you! We're pretty excited.  Also I'm jazzed to find this community where I can finally talk about finances.
one thing I'm pledging to do is invite conversation with new employees at my company when I meet them for that first handshake (or COIVD appropriate introduction).
I want to say, welcome, great to met you are you investing your money? do you want to talk about it? stop by my cubicle/office/penthouse anytime.  ;)

I'm interested, has anyone done a comparison of the rate of accumulation for this group?
e.g. what's the average time to get to 2M? I know, I know, so varied all the factors. 
I'm on the cusp of doing a bunch of crazy number crunching... has that been done?

Cheers all, ~catbend


talltexan

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Re: Race from $1M to $2M
« Reply #1433 on: February 25, 2021, 06:16:30 AM »
It probably varies depending on whether you're still in accumulation phase or already retired. I'm guessing six years would be pretty average, but the data would be lumpy because we're all owning a lot of $VTI or $SPY.

catccc

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Re: Race from $1M to $2M
« Reply #1434 on: February 25, 2021, 09:00:12 AM »

I'm interested, has anyone done a comparison of the rate of accumulation for this group?
e.g. what's the average time to get to 2M? I know, I know, so varied all the factors. 
I'm on the cusp of doing a bunch of crazy number crunching... has that been done?


I'm curious about this, too.  I assume you are asking how long to get from $1M to $2M.  I am expecting for it to be 3.5-4 years for us.  We are adding about $96K/year to our stash, and it took us 2.5 years to get from $1M to $1.7M.  So if the market behaves like it has the last couple years, we need maybe another year or year and a half.

talltexan

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Re: Race from $1M to $2M
« Reply #1435 on: February 26, 2021, 09:51:12 AM »
Paul Merriman has some simulations on his website suggesting that near-retirees can double their nest eggs by waiting five years. He doesn't target mustachian-level-savers, but I tend to believe five years to double $1,000,000 is in line with this.

JGS1980

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Re: Race from $1M to $2M
« Reply #1436 on: February 26, 2021, 10:16:39 AM »
That just means MMM'ers can do it in half the time!

Travis

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Re: Race from $1M to $2M
« Reply #1437 on: February 26, 2021, 09:20:51 PM »
Probably safe to start posting in this club now.

JAN 2014 - $364k
DEC 2014 - $458k
DEC 2015 - $525k
DEC 2016 - $650k
DEC 2017 - $850k
DEC 2018 - $866k
DEC 2019 - $1,208,000
DEC 2020 - $1,507,000
(all updates end of month)
JAN 2021 - $1,528,000
Feb 2021 - $1,584,000

Arbitrage

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Re: Race from $1M to $2M
« Reply #1438 on: February 27, 2021, 11:37:55 AM »
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
1/1/20: $1.049M / 1.531M
4/1/20: ~$810k / 1.278M
7/1/20: $1.042M / 1.524M
10/1/20: $1.138M / 1.641M
1/1/21: $1.370M / 1.883M
2/1/21: $1.392M / 1.914M
3/1/21: $1.451M / 1.973M

Took a serious end-of-the-month bath.  Still a great month overall.  We're in the process of buying a second house (that will become our only house later this year), so my numbers are going to get very wonky.  Not too long thereafter, we'll find out how accurate the Redfin projections are of our house value. 

Zamboni

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Re: Race from $1M to $2M
« Reply #1439 on: February 28, 2021, 11:54:13 AM »
                     LNW           TNW
Nov 2019     $1.02MM     $1.18MM
Dec 2019     $1.02MM     $1.24MM
Jan 2020      $1.11MM     $1.27MM
Apr 2020      $1.01MM     $1.18MM     & happy to be alive!
July 2020     $1.06MM     $1.23MM     (+$50K)   
Aug 2020     $1.11MM    $1.28MM     (+$50K)   
Sep 2020     $1.15MM    $1.33MM     (+$50K)
Oct 2020      $1.17MM    $1.36MM     (+$30K)
Nov 2020     $1.22MM     $1.51MM    (+$50K)
Dec 2020     $1.26MM     $1.55MM    (+$40K)
Jan 2021     $1.28MM     $1.56MM     (+$10K)
Feb 2021     $1.30MM     $1.58MM     (+$20K)

Watchmaker

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Re: Race from $1M to $2M
« Reply #1440 on: February 28, 2021, 03:35:23 PM »
               TNW            IA
Jun-05    -0.02 MM
Aug-13    0.15 MM
Sep-16    0.50 MM
Jul-19      1.02 MM
Nov-19    1.08 MM
Apr-20     1.04 MM
May-20    1.13 MM
Aug-20    1.28 MM     1.22 MM
Sept-20   1.28 MM     1.15 MM
Nov-20    1.51 MM     1.38 MM
Dec-20    1.55 MM     1.42 MM
Jan-21     1.57 MM     1.44 MM
Feb-21     1.60 MM    1.47 MM

Finntastic

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Re: Race from $1M to $2M
« Reply #1441 on: March 01, 2021, 04:40:56 AM »
Nov 2020 - 864k$
Dec 2020 - 956k$
Jan 2021 - 1.19m$
Feb 2021 - 1.23m$

875 Days to FIRE (my 1,000 days challenge)

- Gold down -6k$
- Stocks down -0.15k$
- Invested more on real estate (bought apartment in Finland and found tenant 3 days later)
- Crypto's up by +42k$







asauer

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Re: Race from $1M to $2M
« Reply #1442 on: March 01, 2021, 09:18:01 AM »
Update:
Jan 2020: 852k
June 2020: 850k
Sept 2020: 1,057k
Dec 2020: 1,110k

Jan 1 2021: 1,145k
Feb 1 2021: 1,173k
Mar 1 2021: 1,204K

Had a plot twist in that I quit my job, starting a new job in 2 weeks.  It's the same total comp but more heavily weighted toward salary which means stacking goes faster!  Woo!  It will take me through to my latest FIRE date which is 2/22.  If I happen to really love it I may stay longer but not likely.

thedigitalone

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  • Location: PNW
Re: Race from $1M to $2M
« Reply #1443 on: March 01, 2021, 03:38:50 PM »
             LNW         TNW   
12/2019    $0.96M     $1.43M
12/2020    $1.39M     $1.91M
...
01/2021    $1.43M     $1.96M     +$44,126
02/2021    $1.45M     $2.00M    +$41,823
03/2021    $1.50M     $2.05M     +$53,469

monarda

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Re: Race from $1M to $2M
« Reply #1444 on: March 01, 2021, 07:51:57 PM »
                liquid and rental property equity      TNW (includes primary residence equity)
                   plus pension balance

10/1/20          ... $988K                     ...$1.16M
11/26/20 $1.02M $1.19M
1/3/21 $1.03M $1.21M

3/1/2021        $1.09M                            $1.26M
« Last Edit: May 11, 2021, 10:59:43 PM by monarda »

Zoot

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Re: Race from $1M to $2M
« Reply #1445 on: March 02, 2021, 05:59:47 AM »
Time for another update!

HISTORY:
Month/YearLiquid AssetsTotal Net Worth
Jan-17
$604K
$883K
Jan-18$836K$1,095K
Jan-19$872K$1,158K
Jan-20$1,122K$1,438K

YTD:
Month/YearLiquid AssetsTotal Net Worth
Jan-21$1,391K$1,721K
Feb-21$1,401K$1,730K

Awwww, man, if those last couple days of February hadn't happened, that end-of-month number would have been much nicer.  ;-)

My question of the day:  our household will be dipping in to its sinking fund for some extensive home repairs and landscaping triage (replacing some window sash kits, having some diseased trees taken down) this month, which will require an outlay of roughly $14K.  I say "sinking fund"--but really it's just a kind of cash slush fund, where anything left in the budget beyond our spending and pre- and post-tax retirement savings goes.  Putting this in my spending graph and including that $14K in our 12-month rolling average spend will really make my graph look weird for the next 12 months, but then I guess this kind of event is in fact something that needs to be planned for in a yearly spending plan. 

One thought I had is that it's time to move from a 12-month average spend as a basis for a target, and over to expected post-FIRE spending.  12-month average is great when you're more at the beginning of tracking spend vs stash, but once you get close to the end of the accumulation phase it's not as effective a tool. 

What are your thoughts?  Should that kind of event be recorded in monthly spending?  Is 12-month rolling average spend the best target when approaching FIRE?

Onward!  :)

on the road

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  • Posts: 35
Re: Race from $1M to $2M
« Reply #1446 on: March 02, 2021, 09:21:17 AM »
Liquid net worth

Aug 2020     $1,217K
Sep 2020     $1,260K
Oct 2020     $1,265K
Nov 2020     $1,253K
Dec 2020     $1,375K
Jan 2021     $1,428K
Feb 2021     $1,463K
Mar 2021     $1,501K


mizzourah2006

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Re: Race from $1M to $2M
« Reply #1447 on: March 02, 2021, 07:33:17 PM »
Just crossed over $500k for the stache this past month, so I'll jump in on the race.

Started tracking:
Jan 16: $181.2k

Feb 19: $532.8k

Update to April 1st. $546.25k

Update to October 1st: $620.15k

Feb 1. 20: $710.5k
March 1 20: $685.7k
Apr 1 20: $605.9k
May 1 20: $693.4k

June 1 20: $724.5k

Back up for the year (of course this counts a decent chunk of contributions too).

Aug 1 20: $789.1k

Dec 1 20: $969.9k

Jan 1 21: $996k

4k to go! I have a stock grant that vests in March that's worth approximately $20k, but I refuse to count that until it actually vests :)

 I started at $181k 5 years ago. Crazy how far you can come when you actually focus on something.

Jumping over from the $500k to 1 Million thread.

Just updated our numbers for March 1st and we are sitting at $1,082k in investments. Was hoping for $1,150k by EOY. So far on a good track.

on the road

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Re: Race from $1M to $2M
« Reply #1448 on: March 03, 2021, 03:23:35 AM »

Jan 1 21: $996k

4k to go! I have a stock grant that vests in March that's worth approximately $20k, but I refuse to count that until it actually vests :)

 I started at $181k 5 years ago. Crazy how far you can come when you actually focus on something.

Jumping over from the $500k to 1 Million thread.

Just updated our numbers for March 1st and we are sitting at $1,082k in investments. Was hoping for $1,150k by EOY. So far on a good track.

Congratulations and welcome!

LeftA

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Re: Race from $1M to $2M
« Reply #1449 on: March 03, 2021, 01:53:50 PM »
We just passed $1.4M in TNW. This is at a little less than 21 months after we hit $1M.

Our progress is faster than I expected!