Author Topic: Race from $1M to $2M  (Read 435885 times)

AccidentalMiser

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Re: Race from $1M to $2M
« Reply #1650 on: August 17, 2021, 01:57:52 PM »
Hit 1.2 M today for the first time.  Market is scary but I'm going to hold fast and keep pouring it in every two weeks.  1049 days to RE.  Maybe sooner but I think I should wait until the year I turn 55.

1.3 M today.  Investments have done well over the past month.

Just hit 1.5 M TNW today.  Solidifying on 1/2/2023 as final retirement day.  Three years from tomorrow barring serious market disaster or other unforeseen consequences.

1.8 M TNW as of Friday, 6-4-2021.  1 M LNW first reached on 12-15-2020 and again on 4-15-2021.  Retirement slated for 4/3/2023.

1.87M TNW and 1.2M LNW on 8-15-21

This MMM method seems to be working!

caracarn

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Re: Race from $1M to $2M
« Reply #1651 on: August 25, 2021, 12:30:54 PM »
                       2014                2015                2016                2017                2018                2019                2020                2021                2022               
January$-$292,190$304,411$437,806$581,831$615,789$767,806$941,921-
February$-$332,002$331,197$162,424$585,663$662,207$735,649$961,753-
March$-$332,209$331,749$481,340$583,773$683,014$683,851$992,700-
April$-$336,743$260,548$483,994$582,862$719,849$734,510$1,031,674-
May$256,131$338,884$373,153$483,982$585,929$701,938$760,661$1,040,313-
June$258,642$321,529$377,807$490,951$590,577$731,170$777,705$1,059,685-
July$276,381$320,767$414,764$503,706$601,024$721,753$819,352$1,080,029-
August$296,700$313,896$405,676$513,111$606,442$686,503$860,605--
September$290,244$301,079$422,204$525,158$610,690$698,968$868,597--
October$274,986$308,291$413,967$533,760$585,817$577,615$868,808--
November$282,762$308,558$419,572$549,074$595,773$620,036$910,235--
December$292,942$312,281$431,458$557,941$575,877$760,501$940,128--

Tester

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Re: Race from $1M to $2M
« Reply #1652 on: August 25, 2021, 05:14:15 PM »

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

Sorry for stealing the thread, I am just curious about using the equity.
Bought a house one year ago and Zillow is pretending it appreciated by over 250k.
I am thinking on how to make that money work, but I am not sure I want to cash-out refinance to invest in the market (or perhaps this is the right idea?).
If it is not a secret, how do you plan to use the money you are getting out?
Especially since it will increase the mortgage?

dandarc

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Re: Race from $1M to $2M
« Reply #1653 on: August 26, 2021, 10:29:17 AM »
I'm not who you asked, but we did a cash-out refinance in 2019 to invest in our usual asset allocation. Would have done it again but mortgage fell through due to me recently being self-employed again and just not having the energy to try to find another lender at this time.

Does not immediately impact net worth - you now have more cash but also a larger liability as you've noted. So aside from transaction costs, right after refinance you're in the same place. Of course, if you make this move, you expect your investment to beat the 3.xx% interest on the mortgage by a good margin, so while initially you're in the same place, over time your position should diverge significantly from "didn't do the refinance".

Can be very straightforward depending on your investment choices - refinance, buy VTSAX, done. Or maybe you're not going to be able to fully max out a solo 401K this year - refinance, use the cash to cover spending for a little while so your business can fully fund the soloK in short order. Or maybe your chosen investment is rental real-estate. Refinance, use proceeds as down payment on a new duplex or whatever. Basically you decide exactly what your desired investment looks like well before you do the refinance, then once the money hits your account you just execute the plan. I find with large chunks of money, I'm extremely likely to do exactly what I intended with it.

Jack0Life

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Re: Race from $1M to $2M
« Reply #1654 on: August 26, 2021, 11:17:25 PM »

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

Sorry for stealing the thread, I am just curious about using the equity.
Bought a house one year ago and Zillow is pretending it appreciated by over 250k.
I am thinking on how to make that money work, but I am not sure I want to cash-out refinance to invest in the market (or perhaps this is the right idea?).

If it is not a secret, how do you plan to use the money you are getting out?
Especially since it will increase the mortgage?

The refinance is a bit different that was a win-win situation.
My original loan is a 15 yrs. I'm paying $1630 monthly @2.79% right now just for the loan.
House bought for $320k that's now appraised for $434k(and that's lowballing it.)
Principle is @$195k so I have lots of equity in the house. I asked for a $300k($100k cash out) refinance figuring the house was worth at least $400k(75% ratio) but knowing now, I would have asked for a $320k or even $350k if they allow me to.
I applied for a 30yr ARM @1.99% so my payments will be $1090 monthly and that's with a $100k cash out. It's a no brainer for me. (before you ask, it's a special ARM that I can relock).
BTW, it's my 3rd time trying to refinance and we are closing tomorrow as I'm typing this. Wish me good luck to finally close.

FIreDrill

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Re: Race from $1M to $2M
« Reply #1655 on: August 29, 2021, 11:42:12 AM »
Alright, finally felt like there was enough cushion to jump on over to this thread.  About 930k of our NW is in investments and then the rest is home equity and a little bit of cash.  I think I'm more excited to cross the 1M invested threshold than the 1M NW threshold.

Feels good to finally be here.


End of      NW           Change

12/13:   $41,032   
12/14:   $106,801    $65,769
12/15:   $197,262    $90,461
12/16:   $276,361    $79,099
12/17:   $368,051    $91,690
12/18:   $394,472    $26,421
12/19:   $560,195    $165,723
12/20:   $840,205    $280,010


01/21:   $858,525         $18,320
02/21:   $890,820         $32,295
03/21:   $925,713         $34,893
04/21:   $983,951         $58,238
05/21:   $952,164         $(31,787)
06/21:   $962,171         $10,007
07/21:   $997,313         $35,142

Current  $1,100,082      $102,769


Year to date:          +$259,877

LeftA

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Re: Race from $1M to $2M
« Reply #1656 on: August 29, 2021, 07:27:34 PM »
Looks like it's just under 6 month since I posted last... was at $1.40M then and am now at $1.577M.

OurTown

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Re: Race from $1M to $2M
« Reply #1657 on: August 31, 2021, 05:33:16 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
September 2021 = $1,104
   

asauer

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Re: Race from $1M to $2M
« Reply #1658 on: August 31, 2021, 08:36:16 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
Sept 1, 2021: 1,535k (thanks to the market and a bonus!)

Our accumulation will slow down quite a bit as I'm FIREing at the end of Sept.  My husband will continue working for a few years until the kids go to college so we'll still save a bit but not nearly as much.  It's going to be tough to see a slow crawl.

Watchmaker

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Re: Race from $1M to $2M
« Reply #1659 on: August 31, 2021, 08:47:41 AM »
August NW update:

               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
Mar-21     1.64 MM    1.51 MM
Apr-21     1.76 MM     1.63 MM
May-21    1.82 MM     1.69 MM
Jun-21     1.81 MM     1.68 MM
Jul-21      1.82 MM     1.69 MM
Aug-21     1.85 MM    1.72 MM

mizzourah2006

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Re: Race from $1M to $2M
« Reply #1660 on: August 31, 2021, 08:54:35 AM »
Liquid NW:
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
July 2021: $1,311k
August 2021: $1,308k

I did a very anti-mustachian thing and am putting in a pool. My family loves the water and the kiddos are young, so I figured we'd get lots of years of enjoyment out of it. So, a drop of only $3k from end of July to end of August is pretty good considering we cut a check for $53k at the beginning of August.


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...

Haha, my dad is in KC. It is interesting when people really pronounce it that way. I have to do a doublecheck.
« Last Edit: September 01, 2021, 06:55:24 AM by mizzourah2006 »

OurTown

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Re: Race from $1M to $2M
« Reply #1661 on: August 31, 2021, 09:27:13 AM »
I thought it was the chant from the MU fight song.

mizzourah2006

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Re: Race from $1M to $2M
« Reply #1662 on: August 31, 2021, 10:23:17 AM »
I thought it was the chant from the MU fight song.

It is, but some people in Missouri, especially southern Missouri, actually pronounce the state name as Missurra. Mizzourah is actually pronounced Miz-zoo-rah (as in rah-rah). It's part of the every true son/daughter fight song.

Quote
HOORAY, HURRAH, AND A BULLY FOR OLD MIZZOU,
RAH! RAH! RAH! RAH!
MIZZOU-RAH! MIZZOU-RAH! MIZZOU-RAH, TIGERS!
« Last Edit: August 31, 2021, 10:36:16 AM by mizzourah2006 »

OurTown

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Re: Race from $1M to $2M
« Reply #1663 on: August 31, 2021, 11:55:39 AM »
That's how I remember it.  Without doxing myself, I graduated from Mizzou in the early 90s. 

dreadmoose

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Re: Race from $1M to $2M
« Reply #1664 on: August 31, 2021, 02:42:40 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$1,368,388-
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 $17,509 and went up by $54,208. Another great month, hard to keep a long term mind-set when things are as crazy as they've been this year but I'm endeavoring to not change my target dates etc.

Moving in to a more expensive place this month as well as my wife going back on maternity leave next month so we'll see how/if that slows us down.

Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
« Last Edit: August 31, 2021, 02:53:14 PM by dreadmoose »

leighb

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Re: Race from $1M to $2M
« Reply #1665 on: August 31, 2021, 02:56:20 PM »
Net worth minus primary:

2014: 512K
2015: 467K
2016: 514K
2017: 632K
2018: 697K
2019: 915K
2020: 1052K
_______________
1/21: 1.14M
2/21: 1.16M
3/21: 1.17M
4/21: 1.25M
5/21: 1.26M
6/21: 1.25M
7/21: 1.29M
8/21: 1.29M
9/21: 1.31M

We've been making good progress and have been exceedingly lucky.

Arbitrage

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Re: Race from $1M to $2M
« Reply #1666 on: August 31, 2021, 04:31:54 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
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
9/1/21: $1.942M / 2.135M

Sold the old house this month.

SAfAmBrit

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Re: Race from $1M to $2M
« Reply #1667 on: August 31, 2021, 04:40:30 PM »
May2021 -  $1,003,397
June 2021 - $1.013,773
July 2021 - $1,035,193
August 2021 - $1,238,637


There are many things that contributed to this - I had the biggest check I have ever received this month - I sold 15% of my company shares. I also received a healthy commission on a sale I helped broker. and $60,000 came from Zillow - my Personal Capital updated. I doubt I will ever see this jump again so I will just enjoy it.

thedigitalone

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Re: Race from $1M to $2M
« Reply #1668 on: August 31, 2021, 05:14:32 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
09/2021    $1.74M     $2.53M

Officially crossed the $2.5M TNW line, that's our liquid goal so still some work to do.

3Mer

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Re: Race from $1M to $2M
« Reply #1669 on: August 31, 2021, 07:02:25 PM »
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
Aug 2021  $946K / $1035.8K


UnleashHell

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Re: Race from $1M to $2M
« Reply #1670 on: September 01, 2021, 12:13:08 AM »
hi there kids. thought I'd pop in and join you as I'm in the 2 comma club



Nov-17 - 300k

May-18  - 375k
July -18 - 400k
Dec-18 - 345K

Mar-19 - 415K
Jun-19 nw 444K - liquid -514K
Sep-19 nw 450K liquid 527K
dec-19 nw  490k liquid 575k 


mar-20 nw 374 liquid 455
Jun-20 nw 468 liquid 541
Sep-20 nw 612 liquid 573
Dec-20 nw  737 liquid 679

Jan-21 nw 739 liquid 679
Feb-21 nw 792 liquid 723
Mar-21 nw 848 liquid 761
Apr-21 nw 892 Liquid 800
May-21 nw 914 liquid 816
jun-21 nw 943 liquid 821
Jul-21 nw 969 liquid 822
Aug-21 nw 1,030 liquid 848


Thats just for me - progress marked from a divorce 4 years ago. not shabby. With my partner Its a lot more but I'm tracking independently as I'm not falling into that trap again !!!!
I'm also quit now so I may be here a while.
Looks like a nice place though!

Trifele

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Re: Race from $1M to $2M
« Reply #1671 on: September 01, 2021, 04:21:52 AM »
Hey hey @UnleashHell -- welcome aboard!


Market is bonkers.  We are FIREd and drawing down, but the stash has been edging UP despite heavy spending the last couple of months on our house reno.  LNW includes only retirement accounts and cash.  TNW adds in 529 plans and house equity.   
       
                 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
9/1/21     $1,043 / $1,759

Jack0Life

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Re: Race from $1M to $2M
« Reply #1672 on: September 01, 2021, 02:25:56 PM »

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.

Awe man, I made a dumbass mistake that I will learn from.
Been meaning to put a stop loss on those shares of Abbvie but I didn't.
Today it took a plunge. From $121+ all the way to $107 with news that Rinvoq will get a warning label.
A plunge of $6000++. The good news is that I bought 400 more shares mostly around $109 so I have 1100 now.
Keep these for the dividends.

Ladychips

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Re: Race from $1M to $2M
« Reply #1673 on: September 01, 2021, 02:43:11 PM »
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



08/21 - $1,054,280   $1,354,989

Fairly big decrease...but we just bought a new (to us) car.  My decrease is quite a bit less than the cost of the car.  Still in two comma territory so I'm still happy!

YellowCat

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Re: Race from $1M to $2M
« Reply #1674 on: September 01, 2021, 06:45:44 PM »
Dec 2019: $1,030,547
Dec 2020: $1,355,244
Mar 2021: $1,455,964
Aug 2021: $1,682,847

This is bonkers. We’re up $327.6k since the first of the year. And we’ve been spending a lot (for us at least…)

dandarc

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Re: Race from $1M to $2M
« Reply #1675 on: September 01, 2021, 08:59:56 PM »
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
Sep 01 2021 - 1.251M    1.220M

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


On time this month. Hurray market. This is the first month we actually added anything to investment accounts since my job change in May. Determined that we actually can afford to do both employee and employer soloK this year, so August 31 payroll was the first of 3 months where almost all of that paycheck from the LLC goes to getting that done.

Zoot

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Re: Race from $1M to $2M
« Reply #1676 on: September 02, 2021, 06:52:56 AM »
Well, I can hardly believe it.

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
Aug-21$1,648K$2,000,322

It took the household roughly 15 years of saving and investing (the first 11 of which were me as a single, and the last 4 of which were as a married couple) to hit $1M in TNW.  The second million took 4 years--proof of the power of compounding, a bull market, becoming a two-income household, and ongoing focus and discipline in saving and investing.

To communicate the milestone to my husband, I asked him this morning over breakfast:  "so what does it feel like to be a multi-millionaire?"  "We should drink heavily tonight," he said, "by which I mean I'll have a beer when I get home and you may or may not decide to have a drink."  ;-) 

It's an arbitrary milestone, of course, and we will likely cross back under and back over that number many times in the next few days, or weeks, or even months--but wow, that "2" looks SO nice.  Gonna have to go peek my head in to the $2M-$4M thread later today.  I suspect I'll feel like an imposter there for a while since the LNW isn't yet at $2M.  ;-)

Onward!

couponvan

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Re: Race from $1M to $2M
« Reply #1677 on: September 02, 2021, 07:23:45 AM »
Congratulations Zoot!  That second million was FAST.....

Engineer93

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Re: Race from $1M to $2M
« Reply #1678 on: September 02, 2021, 09:10:47 AM »
Just graduated to this thread!

August 2016: $280k
November 2017: $380k
July 2018: $490k
April 2019: $541k
May 2019: $575k
January 2020: 625k
August 2020: 711k
December 2020: 830k
March 2021: 939k
June 2021: 962K (754k invested)
August 2021: 987k (778k invested)
September 2021: $1,014,536!!! (803k invested)

on the road

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Re: Race from $1M to $2M
« Reply #1679 on: September 02, 2021, 09:28:00 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
Apr 2021     $1,720K
May 2021     $1,793K
Jun 2021     $1,828K
Jul 2021     $1,841K
Aug 2021     $1,860K
Sep 2021     $1,906K


on the road

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Re: Race from $1M to $2M
« Reply #1680 on: September 02, 2021, 09:38:21 AM »
Just graduated to this thread!

August 2016: $280k
November 2017: $380k
July 2018: $490k
April 2019: $541k
May 2019: $575k
January 2020: 625k
August 2020: 711k
December 2020: 830k
March 2021: 939k
June 2021: 962K (754k invested)
August 2021: 987k (778k invested)
September 2021: $1,014,536!!! (803k invested)

Welcome and congratulations, @Engineer93

SEAK

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Re: Race from $1M to $2M
« Reply #1681 on: September 02, 2021, 11:36:57 AM »
Crazy $stache growth so far this year!
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
2020- $1.35M
2021 Q1- $1.435M plus the kiddos 529 and brokerage accounts are sitting at $121k.
2021 Q2- $1.539M plus the kiddos 529 and brokerage accounts are sitting at $127k.
2021 Sep-$1.613M plus the kiddos 529 and brokerage accounts are sitting at $131k.

lollylegs

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Re: Race from $1M to $2M
« Reply #1682 on: September 02, 2021, 01:38:14 PM »
It's time for me to join this thread, I've been tracking my liquid NW for a few years and in the last month, I decided to get our investment properties revalued as I haven't had it done for several years - it was pleasant surprise!

September 2021   NW  $1.52 M.  $680,211 liquid


WesternAugust

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Re: Race from $1M to $2M
« Reply #1683 on: September 03, 2021, 12:18:37 AM »
Hello everyone! I just hit the 1M mark this week,so I thought I would jump in here. We are early 40’s 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.
09/02 Cash & Investments: $1,056,104.

caracarn

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Re: Race from $1M to $2M
« Reply #1684 on: September 03, 2021, 06:36:23 AM »
                       2014                2015                2016                2017                2018                2019                2020                2021                2022               
January$-$292,190$304,411$437,806$581,831$615,789$767,806$941,921-
February$-$332,002$331,197$162,424$585,663$662,207$735,649$961,753-
March$-$332,209$331,749$481,340$583,773$683,014$683,851$992,700-
April$-$336,743$260,548$483,994$582,862$719,849$734,510$1,031,674-
May$256,131$338,884$373,153$483,982$585,929$701,938$760,661$1,040,313-
June$258,642$321,529$377,807$490,951$590,577$731,170$777,705$1,059,685-
July$276,381$320,767$414,764$503,706$601,024$721,753$819,352$1,080,029-
August$296,700$313,896$405,676$513,111$606,442$686,503$860,605$1,140,206-
September$290,244$301,079$422,204$525,158$610,690$698,968$868,597--
October$274,986$308,291$413,967$533,760$585,817$577,615$868,808--
November$282,762$308,558$419,572$549,074$595,773$620,036$910,235--
December$292,942$312,281$431,458$557,941$575,877$760,501$940,128--

Not as impressive as it looks.  Zillow had my house jump about $40K in the last month, which would be nice but not sure it is real or sustainable.

caracarn

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Re: Race from $1M to $2M
« Reply #1685 on: September 03, 2021, 06:40:26 AM »
It's time for me to join this thread, I've been tracking my liquid NW for a few years and in the last month, I decided to get our investment properties revalued as I haven't had it done for several years - it was pleasant surprise!

September 2021   NW  $1.52 M.  $680,211 liquid

See my note on my NW tracking.   I am not sure that any re-evaluation of real estate in the current market is something to bet the farm on.   Once we get past the current demand curve of the pandemic I am hopeful and thinking things will settle back.   Last thing we need is another housing bubble and right now valuations are irrational.  If you are selling right now, maybe you cash out if you get a buyer (which there is a good chance) but if you are then buying yourself, the forward progress seems low.   We are looking to retire in SE TN near Smokies and home prices are over double in the area we are looking at compared to a year ago, so 100% increase raises concerns about reality.

JJ-

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Re: Race from $1M to $2M
« Reply #1686 on: September 03, 2021, 06:54:13 AM »
It's time for me to join this thread, I've been tracking my liquid NW for a few years and in the last month, I decided to get our investment properties revalued as I haven't had it done for several years - it was pleasant surprise!

September 2021   NW  $1.52 M.  $680,211 liquid

See my note on my NW tracking.   I am not sure that any re-evaluation of real estate in the current market is something to bet the farm on.   Once we get past the current demand curve of the pandemic I am hopeful and thinking things will settle back.   Last thing we need is another housing bubble and right now valuations are irrational.  If you are selling right now, maybe you cash out if you get a buyer (which there is a good chance) but if you are then buying yourself, the forward progress seems low.   We are looking to retire in SE TN near Smokies and home prices are over double in the area we are looking at compared to a year ago, so 100% increase raises concerns about reality.

I understand the concern and share it sometimes, but aren't people saying the same thing about the stock market? It helps me keep my sticker shock at bay.

The only ones getting rich off these prices are real estate agents charging% fees, but if you're selling and buying in the same market it's usually pretty neutral. Selling in HCOL and moving to LCOL is what gets you that valuation in your pocket.

The other option is to leverage and cash out refi. The longer you stay the safer this option is.

lollylegs

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Re: Race from $1M to $2M
« Reply #1687 on: September 03, 2021, 01:49:23 PM »
It's time for me to join this thread, I've been tracking my liquid NW for a few years and in the last month, I decided to get our investment properties revalued as I haven't had it done for several years - it was pleasant surprise!

September 2021   NW  $1.52 M.  $680,211 liquid

See my note on my NW tracking.   I am not sure that any re-evaluation of real estate in the current market is something to bet the farm on.   Once we get past the current demand curve of the pandemic I am hopeful and thinking things will settle back.   Last thing we need is another housing bubble and right now valuations are irrational.  If you are selling right now, maybe you cash out if you get a buyer (which there is a good chance) but if you are then buying yourself, the forward progress seems low.   We are looking to retire in SE TN near Smokies and home prices are over double in the area we are looking at compared to a year ago, so 100% increase raises concerns about reality.

I understand the concern and share it sometimes, but aren't people saying the same thing about the stock market? It helps me keep my sticker shock at bay.

The only ones getting rich off these prices are real estate agents charging% fees, but if you're selling and buying in the same market it's usually pretty neutral. Selling in HCOL and moving to LCOL is what gets you that valuation in your pocket.

The other option is to leverage and cash out refi. The longer you stay the safer this option is.

We're not selling or buying, and those valuations are at the more conservative end.  Theres definitely an increase in prices here with the pandemic (Australia) but NW is well over 1.2 using the previous valuations from 3 years ago so its all good.

FIreDrill

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Re: Race from $1M to $2M
« Reply #1688 on: September 04, 2021, 12:03:37 PM »

Updating end of August numbers. 

End of      NW           Change

12/13:   $41,032   
12/14:   $106,801    $65,769
12/15:   $197,262    $90,461
12/16:   $276,361    $79,099
12/17:   $368,051    $91,690
12/18:   $394,472    $26,421
12/19:   $560,195    $165,723
12/20:   $840,205    $280,010


01/21:   $858,525         $18,320
02/21:   $890,820         $32,295
03/21:   $925,713         $34,893
04/21:   $983,951         $58,238
05/21:   $952,164         $(31,787)
06/21:   $962,171         $10,007
07/21:   $997,313         $35,142
08/21:   $1,108,581      $111,268

Current  $1,108,581      $111,268


Year to date:          +$268,376

In 2021 I started researching and analyzing various companies.  Eventually I bought into several and slowly accumulated long term positions.  At the time this only accounted for about 10% of our portfolio but that is beginning to grow as the companies perform well and the value increases.  Its been extremely fun watching the companies grow and expand their business so I'll probably keep doing this type of investing with a portion of our portfolio.  All that being said, this has introduced a decent amount of volatility into our month to month numbers.

talltexan

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Re: Race from $1M to $2M
« Reply #1689 on: September 08, 2021, 06:15:55 AM »
@dreadmoose , is there a secret that propelled you by $1,000,000 in thirteen months?

caracarn

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Re: Race from $1M to $2M
« Reply #1690 on: September 08, 2021, 07:17:20 AM »
It's time for me to join this thread, I've been tracking my liquid NW for a few years and in the last month, I decided to get our investment properties revalued as I haven't had it done for several years - it was pleasant surprise!

September 2021   NW  $1.52 M.  $680,211 liquid

See my note on my NW tracking.   I am not sure that any re-evaluation of real estate in the current market is something to bet the farm on.   Once we get past the current demand curve of the pandemic I am hopeful and thinking things will settle back.   Last thing we need is another housing bubble and right now valuations are irrational.  If you are selling right now, maybe you cash out if you get a buyer (which there is a good chance) but if you are then buying yourself, the forward progress seems low.   We are looking to retire in SE TN near Smokies and home prices are over double in the area we are looking at compared to a year ago, so 100% increase raises concerns about reality.

I understand the concern and share it sometimes, but aren't people saying the same thing about the stock market? It helps me keep my sticker shock at bay.

The only ones getting rich off these prices are real estate agents charging% fees, but if you're selling and buying in the same market it's usually pretty neutral. Selling in HCOL and moving to LCOL is what gets you that valuation in your pocket.

The other option is to leverage and cash out refi. The longer you stay the safer this option is.
No I feel they are different.   

The issue with people feeling the stock market is "too high" is typically they pick some number and "when it gets above 35,000, it is too high".   So does that mean once it hits your number you would expect stock to never rise again?   I hope asked that way it shows how absurd it is to just keep with the popular manta "stocks are too high".   I am old enough that the Dow was well under 10K in my lifetime and 25K seemed like it would never happen yet it did and fundamentals were good and stocks, appropriately, rose.    We're not seeing growth in stocks without understansing why.   Businesses are doing better, therefore I expect stocks to rise.  When businesses are facing headwinds I expect them to drop.   That is the nature of the market.

My challenge is the place we want to move to is typically LCOL, as in very LCOL, however with the ability for people to work anywhere and the belief (I feel also irrational as it is not sustainable) that this will allow remote work for them forever, has caused them to move to these small towns and drive prices sky high and also drive locals out of places to live.  Saw a recent story about a town in the Catskills where all the service staff for restaurants are living in tents and cars because even rentals have become impossible because of the New Yorkers  who moved 100 miles out of the city and now pay a million for a house.   To me there are clear indicators all over even my explanation how this is just a bubble and if you are not understanding supply and demand you will likely get burned.  What I am unclear about is if perhaps there is some actual shift that has happened and I am wrong.   I just do not  feel remote work for almost any job will stay.  Over time collective memory will fade and people will demand their employees be in person again and if people want jobs they will need to do that or be unemployed and then they need to move back to where the work actually is.

dreadmoose

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Re: Race from $1M to $2M
« Reply #1691 on: September 08, 2021, 09:12:13 AM »
@dreadmoose , is there a secret that propelled you by $1,000,000 in thirteen months?

Hi TT,

There are a couple of factors, the first was a significant raise at work while my wife came back from her first maternity leave. I had asked for a 30% raise and got slightly more (1/3), which is completely extra money so I saved 100% of that alongside the entire half of bills that my wife insists on paying me.

The second factor is unfortunately an inheritance from my father passing this year after a few years of fighting cancer. He didn't have much savings but had a chunk of life insurance that paid out. This accounts for about $300,000 of the increase over the last few years ($200,000 within the 13 months I think you're referencing). We got longer with him than we thought (lots of thanks due to Canada's health care system) so we feel good about that while being devastated at the loss still.

Add to that the wild market increase and it's been mind-boggling progress for us.

I'm currently trying to sell our first house so there will be another large month ahead of this that will be an outlier.

monarda

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Re: Race from $1M to $2M
« Reply #1692 on: September 11, 2021, 06:00:31 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
3/1/21 $1.09M $1.26M
6/1/21 $1.09M $1.27M



9/1/2021        $1.13M                        $1.32M       a couple of individual stocks had a great summer. Plus a nice check from a relative 

talltexan

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Re: Race from $1M to $2M
« Reply #1693 on: September 20, 2021, 06:22:13 AM »
@dreadmoose , is there a secret that propelled you by $1,000,000 in thirteen months?

Hi TT,

There are a couple of factors, the first was a significant raise at work while my wife came back from her first maternity leave. I had asked for a 30% raise and got slightly more (1/3), which is completely extra money so I saved 100% of that alongside the entire half of bills that my wife insists on paying me.

The second factor is unfortunately an inheritance from my father passing this year after a few years of fighting cancer. He didn't have much savings but had a chunk of life insurance that paid out. This accounts for about $300,000 of the increase over the last few years ($200,000 within the 13 months I think you're referencing). We got longer with him than we thought (lots of thanks due to Canada's health care system) so we feel good about that while being devastated at the loss still.

Add to that the wild market increase and it's been mind-boggling progress for us.

I'm currently trying to sell our first house so there will be another large month ahead of this that will be an outlier.

Thanks for the reply. You deserve credit for managing through such a complicated year so well!

bye-bye Ms. FancyPants

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Re: Race from $1M to $2M
« Reply #1694 on: September 20, 2021, 02:43:15 PM »
Well this is a fun thread to be apart of!

2/2021: 1,001,935 (finally! 7.5 years in the making!)
9/2021: 1,198,628



Geppetto

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Re: Race from $1M to $2M
« Reply #1695 on: September 22, 2021, 06:43:50 PM »
Year-end
2009                    $0
2010              $4,918
2011            $64,319
2012          $441,616
2013          $527,059
2014          $637,191
2015          $752,401
2016          $862,344
2017       $1,118,136
2018       $1,118,377
2019       $1,334,955
2020       $1,643,766

August 2021: $1,894,696

We'll hit $2MM by year end barring a market crash. About 4.3 years from $1MM to $2MM. Happy to see the trend. A fair bit of luck in that time span, but coupled with hard work, and resiliency through some very tough noogies as well.

The effort required to make the numbers fly really does decrease. We're at our hockey stick point right about now. 

What these numbers really mean to me: I have the bills paid for today, for the next year (emergency funds), for my 65+ retirement, for my kids' college (or at least my intended contribution to that effort), and for some fraction of what my life and my spouse's life will cost in dollars between now and age 65. Over the next 5 years, God willing, we'll close the gap and have our bills covered for life with a decent cushion. Then, decisions will start to get interesting.

bryan995

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Re: Race from $1M to $2M
« Reply #1696 on: September 23, 2021, 11:02:50 AM »
Joining the club.

Date              Liquid NW           Total NW
09/01/21        $460k      $1.06M

Crossed the 1MM TNW mark a few weeks back, hoping to accelerate savings over the next few years and pile more into the LNW bucket.  We don't yet even have a taxable account.... eek !

~$400k in 401ks and iras, then roughly ~$600k tied up in our home.  $606k mortgage, $1.25M value.  Purchased for $792k 22 months ago with a $158k down-payment.  CA home values have been through the roof.
Closing on a $130k 2.9% 30-yr cash-out-refi next week, to bring mortgage up to the county conventional limit of $753k.  Planning to buy our first rental property with the cash.

Also have $1.5M-ish in pre-ipo stock options, but am not yet counting those in the LNW bucket until those fully materialize, but all fingers and toes are crossed. 




catccc

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Re: Race from $1M to $2M
« Reply #1697 on: September 27, 2021, 10:49:27 PM »
Hit $1M on 8/9/18
 
12/31/18 $932K
12/31/19 $1.265
12/31/20 $1.606

Random updates from this year:
02/22/21 $1.705
04/06/21 $1.760
09/28/21 $1.832

We bought our first home in July 2021.  Sunk about $117K into that, between the down payment ($103K) and closing costs.  So that slowed us down a bit, and will slow us down a little for the next 30 years since our housing payment went from $1,400 in rent to $1675 for the mortgage, plus another $6,131 in taxes per year.  Plus HOI, plus R&M, plus all the other stuff that you suddenly use $ on when you own a home.  But we are still in good shape!  I am not including any home equity in NW and kinda want to keep it that way...  IDK that we will hit $2M this year, but we will try!

OurTown

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Re: Race from $1M to $2M
« Reply #1698 on: September 30, 2021, 03:52:09 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
September 2021 = $1,104
October 2021 = $1,083

SAfAmBrit

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Re: Race from $1M to $2M
« Reply #1699 on: September 30, 2021, 10:42:30 PM »
May2021 -  $1,003,397
June 2021 - $1.013,773
July 2021 - $1,035,193
August 2021 - $1,238,637
September 2021 - $1,228,412