Author Topic: Race from $1M to $2M  (Read 435889 times)

mizzourah2006

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Re: Race from $1M to $2M
« Reply #1600 on: July 07, 2021, 07:51:39 AM »
Jan. 2016: $181.7k
Jan. 2017: $249.5k
Jan. 2018: $377.3k
Jan. 2019: $499.2k
Jan. 2020: $710.5k

This year:
Jan. 2021: $1,055.8k
Feb. 2021: $1,082.5k
Mar. 2021: $1,166k
April 2021: $1,236k
May 2021: $1,244k
June 2021: $1,303k

talltexan

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Re: Race from $1M to $2M
« Reply #1601 on: July 08, 2021, 02:17:37 PM »
Shout out to @mizzourah2006 , I married into a KC family that all pronounce the name of the state this way, it's a little jarring to my Texan ears...

ShadowRegent

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Re: Race from $1M to $2M
« Reply #1602 on: July 24, 2021, 05:21:15 AM »
1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)

Picking up some steam!  I've heard the second million is easier, but wow.  Ten years ago, I had a negative net worth.

12/2018 - $966,365
12/2019 - $1,288,725
12/2020 - $1,616,389
5/2021 - $1,888,603

7/2021 - $2,003,017

Just 3.5 years after joining this thread and 8.5 years after reaching a zero net worth, it looks like I'm off to the next (at least until the next pullback).

on the road

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Re: Race from $1M to $2M
« Reply #1603 on: July 24, 2021, 06:45:52 AM »
Way to go, @ShadowRegent - so great to see this!

montgomery212

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Re: Race from $1M to $2M
« Reply #1604 on: July 24, 2021, 11:38:33 AM »
Can't tell anyone IRL so I'll share it here -- hit $2 million NW for the first time. None is in property as I own no real estate. I'm sure it'll go above and below many times esp with market volatility so I'm going to stick around this thread. But it feels surreal, more so than $1 million. $1 million felt like some combo of a fluke and 10%+ of households get there so it's "expected." This one makes it feel like maybe it isn't a fluke, if that makes sense.

Stats - age 41. Actually my 41st birthday is tomorrow and oddly I hit $1 mil exactly on my 37th birthday, so 4 years between milestones. Lawyer living in the DC area; started off in one of the big NYC law firms for 8+ years so had a high salary from ages 25-33, now in a gov't job which I don't like but pays well, though no where near NYC private law firm well. I always said I'd make some career decisions after I hit $2 mil -- not retire or anything but look for a job I actually like even if it's not the same salary/benefits or more unstable like private law firm jobs often are. But for now IDK - doesn't feel real yet so IDK even know what career moves to consider. All I'm thinking is maybe finding a cookie cake for my birthday tomorrow :)

TempusFugit

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Re: Race from $1M to $2M
« Reply #1605 on: July 24, 2021, 01:06:56 PM »
Congrats to @ShadowRegent  and @montgomery212

JGS1980

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Re: Race from $1M to $2M
« Reply #1606 on: July 24, 2021, 01:23:24 PM »
Congrats to @ShadowRegent  and @montgomery212 !

That's awesome people, this shit really works, eh?

WesternAugust

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Re: Race from $1M to $2M
« Reply #1607 on: July 25, 2021, 12:24:35 PM »
Hello everyone! I just hit the 1M mark this week,so I thought I would jump in here. We are early 40ís and hope to pull the pin before age 50. Our final number is somewhere between $1.8-2M so hopefully mostly downhill from here!!

7/23 Cash & investments: $1,010,510.

TempusFugit

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Re: Race from $1M to $2M
« Reply #1608 on: July 25, 2021, 12:56:06 PM »
Hello everyone! I just hit the 1M mark this week,so I thought I would jump in here. We are early 40ís and hope to pull the pin before age 50. Our final number is somewhere between $1.8-2M so hopefully mostly downhill from here!!

7/23 Cash & investments: $1,010,510.

Welcome aboard. 

When I crossed that 1M threshold, I think my target was 1.5.  Now I've crossed 1.5 and my target is 1.75.  Funny how that works.

WesternAugust

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Re: Race from $1M to $2M
« Reply #1609 on: July 26, 2021, 09:07:07 AM »
Hello everyone! I just hit the 1M mark this week,so I thought I would jump in here. We are early 40ís and hope to pull the pin before age 50. Our final number is somewhere between $1.8-2M so hopefully mostly downhill from here!!

7/23 Cash & investments: $1,010,510.

Welcome aboard. 

When I crossed that 1M threshold, I think my target was 1.5.  Now I've crossed 1.5 and my target is 1.75.  Funny how that works.

Hey thanks @TempusFugit!! I know how that goes. My original number was 1M and a paid off house. Turns out that will be cutting it a little tight so we are trying to land on a number with some extra cushion.

JGS1980

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Re: Race from $1M to $2M
« Reply #1610 on: July 26, 2021, 12:31:17 PM »
Hello everyone! I just hit the 1M mark this week,so I thought I would jump in here. We are early 40ís and hope to pull the pin before age 50. Our final number is somewhere between $1.8-2M so hopefully mostly downhill from here!!

7/23 Cash & investments: $1,010,510.

Welcome aboard. 

When I crossed that 1M threshold, I think my target was 1.5.  Now I've crossed 1.5 and my target is 1.75.  Funny how that works.

Hey thanks @TempusFugit!! I know how that goes. My original number was 1M and a paid off house. Turns out that will be cutting it a little tight so we are trying to land on a number with some extra cushion.

Over time, we added babies to the family, people's health changes as well, AND I feel I've developed a much better understanding of compound interest and HOW EASY it is to gain an extra 10 K in spending per year for the rest of my life with just another year of coasting while letting the stache grow. Another year is a small price to pay if you are still relatively young.  Now if I were 70 years old I would like at it very differently.

My original goal for my MCOL area is 1.875 Mil with a Paid Off Home prior to complete FAT FIRE.  Bounty of riches with 75K/year to spend for eternity. We'll see how we feel when we reach that goal (in 2-3 years?). May do PT for a few years and see...

JGS

OurTown

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Re: Race from $1M to $2M
« Reply #1611 on: July 30, 2021, 05:25:13 AM »
Total Net Worth (in thousands)

April 2021 = $1,004
May 2021 = $1,070
June 2021 = $1,054
July 2021 = $1,070

August 2021 $1,088

SAfAmBrit

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Re: Race from $1M to $2M
« Reply #1612 on: July 30, 2021, 10:29:33 AM »


May2021 -  $1,003,397
June 2021 - $1.013,773
July 2021 - $1,035,193

Nice cash injection coming my way next week - so will give me a nice bump. According to Zillow my house net worth has gone up by $80 000 in the last 3 month (not added in my numbers) - I thought it was an exaggeration until the people next door - with half the property size I have - closed for $40 000 less that then my Zillow estimate. I am glad I am not in the buying market right now.

dreadmoose

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Re: Race from $1M to $2M
« Reply #1613 on: July 30, 2021, 01:00:57 PM »

                       2016                2017                2018                2019                2020                2021                2022               
January 
--$25,189$116,236$230,742$402,238$820,660-
February 
--$24,977$122,183$244,321$389,937$858,606--
March 
Found MMM->
-$21,759$122,763$252,749$359,271$895,439-
April 
--$15,838$129,950$263,657$441,401$977,817-
May 
-$7,447$149,174$252,690$482,281$1,236,938-
June 
-$16,623$154,992$287,639$499,025$1,273,559-
July 
-$19,048$27,638$167,846$299,427$540,432$1,314,180-
August 
-$18,739$39,025$180,481$313,257$571,960--
September 
-$21,536$49,626$185,098$321,358$582,947-
October 
-$25,832$59,438$194,857$336,179$582,543--
November 
-$25,621$71,949$205,772$351,985$658,773--
December 
-$25,405$110,473$212,859$385,426$796,160--

Saved $17,513 and went up by $40,621. Great month.

I turned 34 yesterday and my life check-in has everything going to plan. I feel incredibly lucky to be able to make progress on all my goals while also having a new daughter coming in October to look forward to as well.

Can't ever thank the MMM community enough... I can't imagine what my life would look like if I hadn't started researching finance and ended up here (other than owning a very nice car [or one in general] that wouldn't provide any real happiness) .

Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
« Last Edit: August 04, 2021, 10:03:24 AM by dreadmoose »

thedigitalone

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Re: Race from $1M to $2M
« Reply #1614 on: July 30, 2021, 04:54:38 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     $2.00M
03/2021    $1.50M     $2.05M
04/2021    $1.48M     $2.049M
06/2021    $1.58M     $2.29M
07/2021    $1.63M     $2.45M
08/2021    $1.69M     $2.49M

$1,600 shy of $2.5M TNW (including house equity) damn.

Travis

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Re: Race from $1M to $2M
« Reply #1615 on: July 31, 2021, 05:50:01 AM »
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
JAN 2021 - $1,528,000
Feb 2021 - $1,584,000
Mar 2021 - $1,648,000
Jul 2021 - $1,823,000

Getting damn close.  I never expected the stache to get this big, but projected FIRE cost of living has also gone up so this helps.

Icecreamarsenal

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Re: Race from $1M to $2M
« Reply #1616 on: July 31, 2021, 07:20:34 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
1/1/21: 818k
2/1/21: 860k
3/1/21: 846k
4/1/21: 887k
5/1/21: 955k
6/1/21: 1009k
7/1/21: 1050k
8/1/21: 1100k

Trifele

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Re: Race from $1M to $2M
« Reply #1617 on: August 01, 2021, 05:28:54 AM »
Another great month for us.  Market is crazy.  We are FIREd and drawing down, but the stash has been edging up.  Nice!  LNW includes only retirement accounts and cash.  TNW adds in 529 plans and house equity.  I am conservatively holding our house equity number steady at our tax appraisal amount, despite Zillow telling me some absolutely insanely high number.  We'll never sell and move, so it doesn't matter. 
 
           
                 LNW   /  TNW
4/1/21     $1,004 / $1,673
5/1/21     $1,027 / $1,737
6/1/21     $1,030 / $1,741
7/1/21     $1,034 / $1,746
8/1/21     $1,037 / $1,751

asauer

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Re: Race from $1M to $2M
« Reply #1618 on: August 01, 2021, 09:24:27 AM »
Jan 1 2021: 1,145k
April 1, 2021: 1,268k
June 1, 2021: 1,342k
July 1, 2021: 1,375k
August 1, 2021: 1,403k

This market, right?!  I didn't think we'd be here till mid-next year. 

TempusFugit

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Re: Race from $1M to $2M
« Reply #1619 on: August 01, 2021, 12:49:33 PM »
Is anyone taking advantage of these highs to rebalance out of equities a little?  I've got about at 2% cash position, but so many voices now are saying bonds are not good to be holding in this interest rate environment that I think I would just add to my cash position rather than move to bonds.  VBTLX is down 2.9% in the past 12 months and of course dividends are almost nothing now.  This is just such a bizarre economy with so much government intervention and ridiculous levels of spending.  There's got to be some serious pain on the horizon. 

 

ShadowRegent

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Re: Race from $1M to $2M
« Reply #1620 on: August 01, 2021, 01:02:14 PM »
Is anyone taking advantage of these highs to rebalance out of equities a little?  I've got about at 2% cash position, but so many voices now are saying bonds are not good to be holding in this interest rate environment that I think I would just add to my cash position rather than move to bonds.  VBTLX is down 2.9% in the past 12 months and of course dividends are almost nothing now.  This is just such a bizarre economy with so much government intervention and ridiculous levels of spending.  There's got to be some serious pain on the horizon.

I can't really justify bonds at current rates.  I sold most of my bond allocation to pay off my mortgage about 1.5 years ago.  I'm not sure if it was the right thing to do, but a guaranteed 2.9% seemed better than holding bonds yielding a fraction of that.  When rates increase a bit, I'll probably look to rebalance, but for now I can't bring myself to it.

on the road

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Re: Race from $1M to $2M
« Reply #1621 on: August 01, 2021, 03:41:48 PM »
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
Apr 2021     $1,720K
May 2021     $1,793K
Jun 2021     $1,828K
Jul 2021     $1,841K
Aug 2021     $1,860K


Pretty incredible year since joining this thread!

use2betrix

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Re: Race from $1M to $2M
« Reply #1622 on: August 01, 2021, 07:32:44 PM »

(Tracking savings/investments only)
Feb 1, 2016 - $90k
Apr 1, 2016 - $100k 
Jan 1, 2017 - $177k
(Took 7 month sabbatical between Jan 1st 2017 and December 1st 2017)
Dec 1, 2017 - $187k
Jan 1, 2018 - $196k
Feb 1, 2018 - $214,462
Mar 1, 2018 - $225,651
Apr 1, 2018 - $238,764
May 1, 2018 - $251,725 (crossed $250k)

June 1, 2018 - $265,145
July 1, 2018 - $272,423
Aug 1, 2018 - $277,896
Sep 1, 2018 - $298,543
Oct 1, 2018 - $296,603
Nov 1, 2018 - $288,618
Dec 1, 2018 - $304,127
Jan 1, 2019 - $294,621
Feb 1, 2019 - $326,081
Mar 1, 2019 - $354,771
Apr 1, 2019 - $384,308
May 1, 2019 - $407,770
June 1, 2019 - $404,625
July 1, 2019 - $420,082
Aug 1, 2019 - $441,976
Sep 1, 2019 - $458,940
Oct 1, 2019 - $481,915
Nov 1, 2019 - $501,937 (Crossed $500k)

Dec 1, 2019 - $518,285
Jan 1, 2020 - $544,655
Feb 1, 2020 - $573,474
Mar 1, 2020 - $557,410
Apr 1, 2020 - $494,414
May 1, 2020 - $572,376
June 1, 2020 - $618,048
July 1, 2020 - $600,510
Aug 1, 2020 - $659,872
Sep 1, 2020 - $704,682
Oct 1, 2020 - $696,932
Nov 1, 2020 - $694,944
Dec 1, 2020 - $782,831
Jan 1, 2021 - $823,189
Feb 1, 2021 - $846,277
Mar 1, 2021 - $891,092
Apr 1, 2021 - $903,097
May 1, 2021 - $954,334
June 1, 2021 - $973,181
June 25, 2021 - $1,000,494 (Crossed $1MM)

July 1, 2021 - $1,002,759
Aug 1, 2021 - $1,022,662

Still truckiní along..

3Mer

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Re: Race from $1M to $2M
« Reply #1623 on: August 02, 2021, 07:23:14 AM »
Month End Updates

Liquid assets / Net worth

Jan 2018  $415.5K / $508K
Dec 2018  $476.8K / $554K
Dec 2019   $621.3K / $703.1K
Dec 2020   $804.3K / $889.2K
Jan 2021   $809.6K / $895K
Feb 2021   $829.7K / $915.7K
Mar 2021   $855K / $941.5K
Apr 2021   $892K / $979.8K
May 2021  $903.9K / $991.7K
Jun 2021   $916.2K / $1004.7K
July 2021  $927.6K / $1016.9K



Arbitrage

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Re: Race from $1M to $2M
« Reply #1624 on: August 02, 2021, 08:07:15 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
4/1/21: $1.434M / 2.010M
5/1/21: $1.476M / 2.053M
6/1/21: $1.519M / 2.086M
7/1/21: $1.510M / 2.124M
8/1/21: $1.510M / 2.125M

Dropped from two full-time incomes to one part-time income.  Loving the life so far, but the stash isn't going to grow like old times, especially with all of our purchases to fix up and furnish the new house.  The good news is that a big chunk of that house equity is about to become liquid.

Zoot

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Re: Race from $1M to $2M
« Reply #1625 on: August 02, 2021, 09:11:55 AM »
Wow, have I really not updated since the end of March?  :)

Here's where we stand now:

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
Mar-21$1,440K$1,775K
Apr-21$1,523K$1,860K
May-21$1,527K$1,858K
Jun-21$1,564K$1,907K
Jul-21$1,598K$1,947K

The $2M to $4M thread appears to have a convention for LNW > $2M, so not quite ready to knock on the door there based on our current LNW number, but wow, it's kind of freaky to see that TNW number approaching $2M!  :)

Onward!

markbike528CBX

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Re: Race from $1M to $2M
« Reply #1626 on: August 02, 2021, 09:17:38 PM »
Quote from: Zoot link=topic=60417.msg2881577#msg2881577 date=
...snip of table....

The $2M to $4M thread appears to have a convention for LNW > $2M, so not quite ready to knock on the door there based on our current LNW number, but wow, it's kind of freaky to see that TNW number approaching $2M!  :)

Onward!
Not true, any net worth accounting is welcome!

Everyone realizes that you probably will bounce back and forth across the border several times before getting more or less locked in.

Once you get to the $2M to $4M thread, you can never truly leave :-)
« Last Edit: August 04, 2021, 10:16:19 AM by markbike528CBX »

Ladychips

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Re: Race from $1M to $2M
« Reply #1627 on: August 03, 2021, 07:22:56 AM »
12/16 - $360,891     $570,338
12/17 - $473,407     $697,411
12/18 - $480,550     $732,108
12/19 - $669,819     $943,739
12/20 - $868,659     $1,159,159

01/21 - $873,464     $1,163,867
02/21 - $904,761     $1,197,361
03/21 - $937,653     $1,230,984
04/21 - $992,853     $1,288,099
05/21 - $1,001,090  $1,297,835
06/21 - $1,028,157  $1,326,302

07/21 - $1,065,833    $1, 365,255

First month with NO contributions (no distributions either).  Made more this month than we plan to distribute in a year.  Crazy town.  But then, it seems like I've been saying that for five years...the whole time I've been here.  What fortuitous timing!

I'm in the process of buying a rental property and as part of the process, I had to submit a financial statement.  They wanted 'current value' of our properties.  On my net worth sheet, I just have the purchase price listed (zillow seems like funny money to me).  So, I checked zillow for 'current value'.  Holy cow, Batman!  I knew housing prices were through the roof right now, but good grief.  Anyway, I didn't update my net worth spreadsheet (because who cares what the my property values are...I'm not selling them) but it was kind of thrilling to see those numbers!

Buying a new car this month (deal I made with DH) so likely to go down.  And Lord knows the market could go down any ole time.  But right now, looks pretty dang good.

oldtoyota

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Re: Race from $1M to $2M
« Reply #1628 on: August 03, 2021, 08:38:25 PM »
Hello everyone! I just hit the 1M mark this week,so I thought I would jump in here. We are early 40ís and hope to pull the pin before age 50. Our final number is somewhere between $1.8-2M so hopefully mostly downhill from here!!

7/23 Cash & investments: $1,010,510.

Welcome aboard. 

When I crossed that 1M threshold, I think my target was 1.5.  Now I've crossed 1.5 and my target is 1.75.  Funny how that works.

Haha. Same!

MoneyTree

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Re: Race from $1M to $2M
« Reply #1629 on: August 05, 2021, 05:26:21 PM »
I'm posting when we pass nice round numbers, rather than at set intervals. Today we just squeaked past a new milestone.

Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M

JJ-

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Re: Race from $1M to $2M
« Reply #1630 on: August 09, 2021, 11:50:35 PM »
Hi everybody,

I guess I'll dive in. Never thought I'd make it here. I still remember proudly posting for the first time in the 100-250k thread after climbing out of student loan negative net worth for over a year or more, carefully watching daily fluctuations vs contributions way too close for my own good.

 I'll be downshifting at work to 3/4 time, not a direct result of this milestone but definitely emboldened by the stash. We're still 5-7 years from our number assuming egregious childcare costs are not replaced with something else once they leave daycare. It's a lifestyle balance thing.

Dec 2014 $101k
Jan 2017 $275k
Jan 2018 $356k
Jan 2019 $447k
Jan 2020 $559k (433 liquid)
Jun 2020 $560k (440 liquid)
Jan 2021 $745k ($545k liquid)
Jun 2021 $913k ($675k liquid)

Aug 2021 $1,003,776 ($750k liquid)

If the market spits me out of this thread tomorrow, let the internet archives reflect the following epitaph:

JJ was here.

Trifele

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Re: Race from $1M to $2M
« Reply #1631 on: August 10, 2021, 05:36:31 AM »
Hi everybody,

I guess I'll dive in. Never thought I'd make it here. I still remember proudly posting for the first time in the 100-250k thread after climbing out of student loan negative net worth for over a year or more, carefully watching daily fluctuations vs contributions way too close for my own good.

 I'll be downshifting at work to 3/4 time, not a direct result of this milestone but definitely emboldened by the stash. We're still 5-7 years from our number assuming egregious childcare costs are not replaced with something else once they leave daycare. It's a lifestyle balance thing.

Dec 2014 $101k
Jan 2017 $275k
Jan 2018 $356k
Jan 2019 $447k
Jan 2020 $559k (433 liquid)
Jun 2020 $560k (440 liquid)
Jan 2021 $745k ($545k liquid)
Jun 2021 $913k ($675k liquid)

Aug 2021 $1,003,776 ($750k liquid)

If the market spits me out of this thread tomorrow, let the internet archives reflect the following epitaph:

JJ was here.

Haha @JJ- -- Once you're here you can never leave . . .   Congrats and welcome!

oldtoyota

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Re: Race from $1M to $2M
« Reply #1632 on: August 10, 2021, 08:15:59 PM »
Jan. 2016: $181.7k
Jan. 2017: $249.5k
Jan. 2018: $377.3k
Jan. 2019: $499.2k
Jan. 2020: $710.5k

This year:
Jan. 2021: $1,055.8k
Feb. 2021: $1,082.5k
Mar. 2021: $1,166k
April 2021: $1,236k
May 2021: $1,244k
June 2021: $1,303k

Well done! Nice progression for this year!

JJ-

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Re: Race from $1M to $2M
« Reply #1633 on: August 10, 2021, 09:21:27 PM »
Hi everybody,

I guess I'll dive in. Never thought I'd make it here. I still remember proudly posting for the first time in the 100-250k thread after climbing out of student loan negative net worth for over a year or more, carefully watching daily fluctuations vs contributions way too close for my own good.

 I'll be downshifting at work to 3/4 time, not a direct result of this milestone but definitely emboldened by the stash. We're still 5-7 years from our number assuming egregious childcare costs are not replaced with something else once they leave daycare. It's a lifestyle balance thing.

Dec 2014 $101k
Jan 2017 $275k
Jan 2018 $356k
Jan 2019 $447k
Jan 2020 $559k (433 liquid)
Jun 2020 $560k (440 liquid)
Jan 2021 $745k ($545k liquid)
Jun 2021 $913k ($675k liquid)

Aug 2021 $1,003,776 ($750k liquid)

If the market spits me out of this thread tomorrow, let the internet archives reflect the following epitaph:

JJ was here.

Haha @JJ- -- Once you're here you can never leave . . .   Congrats and welcome!

Lol, I know now that you've quoted me and I've posted here , I can check out any time I like but I can never leave!

dandarc

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Re: Race from $1M to $2M
« Reply #1634 on: August 11, 2021, 09:40:18 AM »
Date          TotalNW   Stache Only
Nov 12 2020 - 1.001M    0.953M
Jan 01 2021 - 1.061M    1.026M
Feb 01 2021 - 1.061M    1.023M
Mar 05 2021 - 1.081M    1.048M
Apr 02 2021 - 1.139M    1.099M
May 02 2021 - 1.173M    1.132M
Jun 01 2021 - 1.193M    1.147M
Jul 01 2021 - 1.218M    1.173M
Aug 13 2021 - 1.231M    1.201M

Stache Highwater mark: Aug 13 2021 - 1.231M Total, 1.201M Stache


Originally updated on 8/11, but two days later and we hit the magic number of $1.2 million invested so updating. Started putting the 3, 4, 5 percent withdrawal amounts in the spreadsheet years ago as I lacked certainty around just what we'd be comfortable withdrawing someday. Still not certain when we will fully pull the plug, but I do enjoy hitting these round-number milestones - depending on risk tolerance we could start drawing $3K, $4K, or $5K today.
« Last Edit: August 13, 2021, 09:49:16 AM by dandarc »

rebel_quietude

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Re: Race from $1M to $2M
« Reply #1635 on: August 11, 2021, 05:37:03 PM »
I'm haunting my banking website because I'm 5k under that next 100k mark, despite an extra 11k in medical expenses this month (and subsequent cessation of brokerage contributions). i need to remember this is still pretty quick, I just got to 1,100k in April!

Zamboni

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Re: Race from $1M to $2M
« Reply #1636 on: August 11, 2021, 06:35:28 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)
Feb 2021     $1.30MM     $1.58MM     (+$20K)
Aug 2021     $1.42MM     $1.79MM     (+$120K)

JJ-

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Re: Race from $1M to $2M
« Reply #1637 on: August 11, 2021, 07:38:12 PM »
I'm haunting my banking website because I'm 5k under that next 100k mark, despite an extra 11k in medical expenses this month (and subsequent cessation of brokerage contributions). i need to remember this is still pretty quick, I just got to 1,100k in April!

I hear if you glare hard enough it changes. It's never worked for me though?

rebel_quietude

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Re: Race from $1M to $2M
« Reply #1638 on: August 11, 2021, 10:49:44 PM »

I hear if you glare hard enough it changes. It's never worked for me though?

I need a "LOL" emoji on this forum.

Trifele

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Re: Race from $1M to $2M
« Reply #1639 on: August 12, 2021, 04:16:23 AM »

I hear if you glare hard enough it changes. It's never worked for me though?

I need a "LOL" emoji on this forum.

😂🤣😃
Right click takes you to a few, not as many as a phone
« Last Edit: August 12, 2021, 04:19:06 AM by Trifele »

PhrugalPhan

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Re: Race from $1M to $2M
« Reply #1640 on: August 12, 2021, 01:48:20 PM »
😂🤣😃
Right click takes you to a few, not as many as a phone
Thank you so much for this.  I had no idea. 👍😎😜

ToughMother

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Re: Race from $1M to $2M
« Reply #1641 on: August 13, 2021, 09:52:00 PM »
When last I left the forums, I had just had the temporary experience of having hit $1M in investments. Yes, it was Feb 2020. And then Covid crash. I disappeared, didn't look at things, and kept doing what I was doing, which, unfortunately, was spending money on a house that was mid-renovation. Contractor was able to get through enough of it that we could move in during July 2020 and sell our old place. Never figured on carrying two houses for that long (1 year), but I never figured on a global pandemic either.

Anyway, during all the mess, the $1M seems to have solidified so here I am in the $1-2M gauntlet. With my pension of about 20K that will start when I retire (I'm vested and am of "eligible age"), I think about 1.55-1.58 should do the trick in Investments. That number will give us the cash to pay off the remainder of the mortgage as well as have a 3.75% SWR of the remainder (to accompany said pension). Hopefully that will be enough for all our bills and to feed our bouncing baby money pit of a house.


date         NW        Investments
4/3/14     $430k         $225k
9/19/14    $500k         $275k
11/6/14    $550k         $300K
5/9/15     $600k         $341k
4/13/16    $650k         $375k
9/7/16     $700k         $410k
5/6/17     $750k         $674k (*I think I lost history on one of our accounts prior to this)
9/9/17     $800k         $717k
11/22/17   Assets hit $1M
12/15/17   $850k         $770K
3/10/18    $900k         $770k (refinanced house, put $ in and moved from 30 to 15 yrs)
6/16/18    $950k         $818k
12/26/18   $900k         $750k
1/10/19    $950k         $803k
2/19/19    $1M !!!       $856k
6/12/19    $1.05M        $900k
10/9/19    $1.08M        $895k (downpayment on house and market misery)
12/31/19   $1.16M        $974k
2/12/20    $1.19M        $1M !!!
bad, scary, viral things happened, house stuff, then back at it
8/13/21    $1.46M        $1.27M


rebel_quietude

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Re: Race from $1M to $2M
« Reply #1642 on: August 14, 2021, 11:14:03 AM »
2019         $826,413
2020         $1,019,917
APR 2021  $1,100, 966
Ladies and gents, fellow racers, we (finally) have the next 100k mark:

$1,200,661

Whatever magic is supposed to happen with emojis upon a right clic, is not working for me. :crying emoji:

But hey, two 100k milestones in one year. Thank you, Ms. market! When I first began this journey in 2011 $1.250k was my FIRE number. Now, given the givens, I think I'm going to be working well beyond that. Bittersweet, but better than being broke!

JJ-

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Re: Race from $1M to $2M
« Reply #1643 on: August 14, 2021, 11:15:11 AM »
2019         $826,413
2020         $1,019,917
APR 2021  $1,100, 966
Ladies and gents, fellow racers, we (finally) have the next 100k mark:

$1,200,661

Whatever magic is supposed to happen with emojis upon a right clic, is not working for me. :crying emoji:

But hey, two 100k milestones in one year. Thank you, Ms. market! When I first began this journey in 2011 $1.250k was my FIRE number. Now, given the givens, I think I'm going to be working well beyond that. Bittersweet, but better than being broke!

A lot can change in 10 years. You've set yourself up wonderfully though 🙂 (mwahahaha)

rebel_quietude

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Re: Race from $1M to $2M
« Reply #1644 on: August 14, 2021, 11:39:40 AM »
LOL, thanks, @JJ-

Also, @ToughMother , I'm curious - at your current rate savings rate and market projections, do you have an estimate of when you're going to hit your FIRE number? You seem really close!

ToughMother

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Re: Race from $1M to $2M
« Reply #1645 on: August 15, 2021, 06:40:30 AM »
Hey @rebel_quietude,
Funny you should ask about when when we estimate hitting our FIRE number... Just yesterday, we were meeting with someone to help us figure that out a little better.

Come to find out, if our spending estimates in retirement are fairly accurate, we could actually FIRE at the end of this calendar year.
That was a bit of a (fantastic) surprise!!

Anyway, I now have a lot of homework to check and double check numbers, tweak some allocations, and get more precise info on my health insurance costs, but as of right now things are indeed "really close!"

Thanks for asking and letting me share that new and exciting information!!
@ToughMother

ca-rn

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Re: Race from $1M to $2M
« Reply #1646 on: August 15, 2021, 11:48:55 AM »
joining in! 

hard to process that i passed the 1 million mark- grew up poor but knew not to spend more than i make.

i don't know what my RE number is anymore....i technically "hit" my arbitrary number but do not think its accurate because healthcare is provided by employer currently.

so now my 2020 goal create a spreadsheet and input numbers to see what i actually spend... started this last year and only filled it up part way. 

and this is the first year i get to contribute the "catch up" amount in 401k and ira! 

numbers only include 401k/Rira/taxable, does not include savings/checking/ibonds or house value.

January:
2010- 69K
2011- 105K
2012- 128K
2013- 197K
2014- 412K
2015- 477K
2016- 536K
2017- 651K
2018- 825K
2019- 937K
2020- 1231K

it took about 10 years to get to 100K, 5 years to 500K and 3 years to 1 million.

It's not even the end of 2021 but investments are about 1850K currently!  Part of bump is from investing small windfall but the growth since 2020- Crazy...

I downshifted to part time but still able to max 401K, RothIRA and throw some (smaller) extra into taxable! 

rebel_quietude

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Re: Race from $1M to $2M
« Reply #1647 on: August 15, 2021, 10:22:33 PM »

Come to find out, if our spending estimates in retirement are fairly accurate, we could actually FIRE at the end of this calendar year.
That was a bit of a (fantastic) surprise!!


Congratulations!!!! That's a #mademesmile if there ever was one. I hope you're having fun planning the next year or so, and that you're enjoying a deep, welcome feeling of satisfaction at the prospect.

@ca-rn , awesome! Light speed, over there.




Jack0Life

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Re: Race from $1M to $2M
« Reply #1648 on: August 17, 2021, 11:17:33 AM »

A little updating while the market hit a new high.
My portfolio is slow and steady.
Spent some money on gutters and paying for some future vacations this months.
 July 4th 2021     
                  -----         
Rental       230000- Paid off. Housing market is insane here in FL and this is more
                              accurate. We have a month to month lease and we are
                              planning to sell it before the end of the year. Zillow has this at $280k.
                              Counting this at $250k Will probably get
                              more than $230k after selling fees. 
Primary     218127- Older version of this house just sold for $430k in 5 days. Newer
                              version of this house will cost you $500k with ZERO upgrade.
                              This house will sell easily for $450k+ but I just had an
                              appraisal done for refinance and it came back as $434k(she's
                              not smart). Appraised value minus selling fees and mortgage owed.
                             
Assets        45000   
HSA           25898 
IRA-roth     121148
IRA            70844 
Inx funds   145481.   
401k         26087   
Wife 401k  34890. She is putting in $980 every 2 weeks now.
Wife HSA   8740
Wifes IRA   90390
Loan         179161- Other house equity. Loan being paid back @3.5%.
Cash         34037-
Etrade       80790. Purchased 700 shares of Abbvie stock last week @112.80. It's
                            paying 4.6% dividends. 
Gold          6000

$1,316,593 -Net Worth.
$1,098,466- Without primary home.


A little updating while the market hit a new high yesterday. It's tanking today.
My portfolio is slow and steady. Half of assets are in the 3 houses we own.

 August 16th 2021     
                  -----         
Rental       230000- Paid off. Housing market is insane here in FL and this is more
                              accurate. We have a month to month lease and we are
                              planning to sell it before the end of the year. Will probably get
                              more than $230k after selling fees. I should up this amount but will leave it
                              as is.
Primary     2300302-Older version of this house just sold for $430k in 5 days. Newer
                              version of this house will cost you $500k with ZERO upgrade.
                              Our builder just listed an inventory house with 1756 sqft for $440K.
                              Insane. Our house is 2804 sqft. I moderately put this house at $445k-
                              selling fees selling-balance owed.
                             
                             
Assets        45000   
HSA           27012 
IRA-roth     124123
IRA            71861
Inx funds    149095   
401k           26828 
Wife 401k   39200. She is putting in $980 every 2 weeks now.
Wife HSA     8969
Wifes IRA    92886. I started this for her in 2013. Principle $45,500. Gains $47,386
Loan           178545- Other house equity. Loan being paid back @3.5%.
Cash           32397-
Gold            6000
Etrade         85698. Purchased 700 shares of Abbvie stock last week @112.80. It's
                             paying 4.6% dividends.  Stocks doing great. $118+ and just received $910
                             dividends.

$1,347,916 -Net Worth.
$1,117,614- Without primary home. Almost closing on a refinance and pulling out $100k of
                   equity from the house.

AccidentalMiser

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Re: Race from $1M to $2M
« Reply #1649 on: August 17, 2021, 01:54:20 PM »
Shout out to @mizzourah2006 , I married into a KC family that all pronounce the name of the state this way, it's a little jarring to my Texan ears...

That's funny.  I grew up in Missouri, both KC and STL.  All of my family on both sides live in Missouri and no one one either side of my family or anyone where I lived pronounced it Mizzourah.