Author Topic: Race from $1M to $2M  (Read 436600 times)

BiggerFishToFI

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Re: Race from $1M to $2M
« Reply #1800 on: December 02, 2021, 02:08:01 PM »
Month   Invested   Networth   
04/30/17   $67,858   $125,786   <---- Discovered MMM / LBYM
09/30/17   $100,416   $168,105   <---- 100k Invested
01/31/19   $251,061   $311,711   <---- 250k Invested
06/30/20   $501,158   $573,100   <---- 500k Invested
10/31/21   $1,000,117   $1,166,648   <---- 1M Invested
11/30/21   $992,058   $1,139,810   

I still get to hang in this thread even though my invested amount fell below 1MM right? ...RIGHT?

talltexan

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Re: Race from $1M to $2M
« Reply #1801 on: December 03, 2021, 12:38:55 PM »
I don't know that we have a decider who handles that.

Would someone be willing to volunteer to cast out those who are so unlucky as to fall below $1 million NW? Preferably someone who's strong and intimidating?

As for me, I just don't have the personality to do that.

MrThatsDifferent

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Re: Race from $1M to $2M
« Reply #1802 on: December 03, 2021, 12:47:29 PM »
Once you get in you have a 90 day grace period to stay, otherwise pack your bags and GTFO ;-)

samanil

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Re: Race from $1M to $2M
« Reply #1803 on: December 03, 2021, 02:06:12 PM »
Feeling a bit like we may finally have enough of a cushion that we can comfortably stay in this thread.   The quiet middle where you just follow the plan get pretty dull.   These tracking metrics help to quickly scan across the years and see how that plan is working.  Can see the first $150K increase tracked took 2 years 2 months, then were around 1.5 years for each $150K after that.   The last two jumps is $150K were 9 months and more recently 6 months.   Just amazing to see the increase in speed.  Hoping things keep up and we get to our FIRE target in the next few years and then are at the point where we truly have some interesting choices to make.

I'm a peasant with a mere 120k, but this has inspired me to start tracking net worth monthly. The "quiet middle" can indeed be dull and I think looking at the progress will help me stay motivated. Thanks!

Engineer93

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Re: Race from $1M to $2M
« Reply #1804 on: December 09, 2021, 08:29:54 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)
December 2021: $1,113,698 (835k invested)  This is assuming a house price of 500k (zestimate is 536k)

couponvan

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Re: Race from $1M to $2M
« Reply #1805 on: December 09, 2021, 11:47:25 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)
December 2021: $1,113,698 (835k invested)  This is assuming a house price of 500k (zestimate is 536k)
Congratulations!  It looks like this will be a fast race for you!!!

dreadmoose

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Re: Race from $1M to $2M
« Reply #1806 on: December 09, 2021, 01:13:09 PM »
Month   Invested   Networth   
04/30/17   $67,858   $125,786   <---- Discovered MMM / LBYM
09/30/17   $100,416   $168,105   <---- 100k Invested
01/31/19   $251,061   $311,711   <---- 250k Invested
06/30/20   $501,158   $573,100   <---- 500k Invested
10/31/21   $1,000,117   $1,166,648   <---- 1M Invested
11/30/21   $992,058   $1,139,810   

I still get to hang in this thread even though my invested amount fell below 1MM right? ...RIGHT?

You're welcome to stay as a rival in the race. I got an unfortunate shot of cash (life insurance payout for my father) that put me ahead but we're still on a really close trajectory.

Was missing you up here, though I'm suspect about who ate all the pesce crudo at the craft service table...

leighb

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Re: Race from $1M to $2M
« Reply #1807 on: December 11, 2021, 06:36:48 PM »

NW minus Primary
2014:512K2015:467K 2016:514K2017:632K 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
10/21: 1.30M
11/21: 1.34M
12/21: 1.33M 

moof

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Re: Race from $1M to $2M
« Reply #1808 on: December 16, 2021, 05:24:04 PM »
Hit $1M in investments end of 2019, currently sitting at $1.62M, quite the run as of late.  House equity is in the ~370k ballpark, but that is not part of my portfolio for my FI sake.  If I include the current checking account balance I can claim to be a multimillionaire with a straight face.  I'm targeting $2M invested to FIRE, so something around 2 years remaining, which is about 5 years too long.

I had a lot more energy to work through optimal withdrawal strategies a few years ago, currently I get exhausted looking at ACA plans, subsidy phase outs, and SEPP calculations.  As my date approaches I'll have to dust that off and set things in motion.  I am feeling an excess of 401k vs taxable that will make lumpy expenses and keeping out of high tax brackets hard, a good set of problems to have.

caracarn

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Re: Race from $1M to $2M
« Reply #1809 on: December 22, 2021, 05:24:29 AM »
                       2014                2015                2016                2017                2018                2019                2020                2021                2022               
January$-$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$1,106,086-
October$274,986$308,291$413,967$533,760$585,817$577,615$868,808$1,182,536-
November$282,762$308,558$419,572$549,074$595,773$620,036$910,235$1,155,707-
December$292,942$312,281$431,458$557,941$575,877$760,501$940,128--
As Omicron fears have raged and challenges abound because of, IMO, people are not thinking intelligently but rather selfishly we are in a period of volatility that I'm not confident has a great way to end.   Thinking we will be back to treading water again for a while where money keeps going in but the balance stays flat at best.

Dicey

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Re: Race from $1M to $2M
« Reply #1810 on: December 22, 2021, 07:24:14 AM »
Hit $1M in investments end of 2019, currently sitting at $1.62M, quite the run as of late.  House equity is in the ~370k ballpark, but that is not part of my portfolio for my FI sake.  If I include the current checking account balance I can claim to be a multimillionaire with a straight face.  I'm targeting $2M invested to FIRE, so something around 2 years remaining, which is about 5 years too long.

I had a lot more energy to work through optimal withdrawal strategies a few years ago, currently I get exhausted looking at ACA plans, subsidy phase outs, and SEPP calculations.  As my date approaches I'll have to dust that off and set things in motion.  I am feeling an excess of 401k vs taxable that will make lumpy expenses and keeping out of high tax brackets hard, a good set of problems to have.
Popping in from the next level to agree wholeheartedly. MPP for sure.

arcturus

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Re: Race from $1M to $2M
« Reply #1811 on: December 22, 2021, 08:07:01 AM »
                       2014                2015                2016                2017                2018                2019                2020                2021                2022               
January$-$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$1,106,086-
October$274,986$308,291$413,967$533,760$585,817$577,615$868,808$1,182,536-
November$282,762$308,558$419,572$549,074$595,773$620,036$910,235$1,155,707-
December$292,942$312,281$431,458$557,941$575,877$760,501$940,128--
As Omicron fears have raged and challenges abound because of, IMO, people are not thinking intelligently but rather selfishly we are in a period of volatility that I'm not confident has a great way to end.   Thinking we will be back to treading water again for a while where money keeps going in but the balance stays flat at best.

Hello @caracarn , I don't post much on this thread but when I saw a post from a fellow Ohioan, I thought I would reply....take heart because your performance (mkt gains+additional investments) in the second half of the year is definitely better than mine on a relative basis!   I do agree with your assessment that it seems like we're in a choppy but sideways market shift now -- however, the upside of that is (assuming that you are still actively contributing to the stache) you get to invest more dollars over the next year or so at relatively flat market values so that, when the next market run occurs, you'll have more soldiers in the battle!   Good luck!

bayareafire

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Re: Race from $1M to $2M
« Reply #1812 on: December 22, 2021, 04:42:31 PM »
Hi! I'm a long time follower of these types of threads, and am looking to finally join in and post. But, how do I easily create a table? This HTML stuff isn't the most user friendly...

RWD

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Re: Race from $1M to $2M
« Reply #1813 on: December 22, 2021, 05:47:48 PM »
Hi! I'm a long time follower of these types of threads, and am looking to finally join in and post. But, how do I easily create a table? This HTML stuff isn't the most user friendly...
There's a button when you're composing a message to insert the minimum tags to create a table (see attached). This will give you a table with a single cell (one row and one column). If you want more cells add more of the "td | /td" tags. If you want more rows copy paste one set of "tr | /tr" tags. The number of td cell tags inside of each tr row tag should be the same for each row or things might not line up. If you want a blank cell just don't put anything between in its td tag.

Jack0Life

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Re: Race from $1M to $2M
« Reply #1814 on: December 22, 2021, 11:34:58 PM »
Aug 16 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.

Time for an update.
Dec 23 2021


Rental       250,000- Paid off. I upped this value $20k. Houses are now really hard to find for under $300k
                               and Zillow and RedFin has this at $295k. I'll put this at modest at $265k -minus
                               selling fee.
Primary     156,833- Just refinanced and cashed out $100k. Same house across the street with a smaller
                               lot sold for $505k. I upped the value a bit @$475k -minus selling fee -minus balance
                               owe(closed to $300k)
                             
Assets        45,000   
HSA           30,658 
IRA-roth     130,419
IRA            77,312
Brokerage   155.815   
401k           28,006 
Wife 401k   43,630. Wife quit.
Wife HSA     8,900
Wifes IRA    97,483. I started this for her in 2013. Principle $45,500. Gains $51,983
Loan           177,615- Other house equity. Loan being paid back @3.5%.
Cash           36,916-
Gold            6,000-
TastyWks     26505- Opened 2 TastyWorks Accounts for me and the wife to earn $500 each(DONE)
I-Bonds       20,000- Just bought $10k each for us, Will buy $20k more in Jan.
Etrade         138,955- After cashing out $100k refinance, I ended up buying lots of Abbvie having 1850
                                 shares at one point. The stock kept going down to $108 and I kept it till the ex-
                                 dividend date. Started selling them off little by little and got rid of all my Abbvie
                                 shares $$122. Terrible mistake. Stocks kept going up to $131. What could have
                                 been a ~$40k gain ended up being ~$10k. Live and learn.


$1,430,047 -Net Worth.
$1,273,214- Without primary home. Went up because we refinanced the primary home and cashed out
                   $100k.
« Last Edit: December 28, 2021, 09:16:42 AM by Jack0Life »

Silrossi46

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Re: Race from $1M to $2M
« Reply #1815 on: December 23, 2021, 10:23:56 AM »
1,150,000 invested
1,800,000 NW total

I have serious OMY syndrome linked to golden handcuff disease.   

ToughMother

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Re: Race from $1M to $2M
« Reply #1816 on: December 23, 2021, 12:22:37 PM »
1,150,000 invested
1,800,000 NW total

I have serious OMY syndrome linked to golden handcuff disease.

Same.

Reading threads on forum of similar folks and what it was like once they got off the merry go round. Need the inspiration!

bayareafire

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Re: Race from $1M to $2M
« Reply #1817 on: December 23, 2021, 03:02:20 PM »
Investments only                       2019                2020                2021               
January$283,082$732,969$938,237
February$302,550$697,255$960,985
March$321,286$614,817$991,174
April$339,767$683,450$1,045,219
May$324,722$716,020$1,055,755
June$339,791$734,559$1,099,129
July$342,318$749,069$1,121,726
August$336,961$805,366$1,163,279
September$341,307$793,138$1,141,620
October$346,551$785,168$1,240,697
November$354,720$877,360$1,246,551
December$562,831$917,138TBD (at $1,280,000 so far)

Reading these threads over the years have been helpful for motivation and to compare to other's journeys. So I'm finally joining in.

I'm really happy with 2021's performance so far. Amazing that pure market gains this year were larger than my base salary!

bayareafire

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Re: Race from $1M to $2M
« Reply #1818 on: December 23, 2021, 03:09:22 PM »
Hi! I'm a long time follower of these types of threads, and am looking to finally join in and post. But, how do I easily create a table? This HTML stuff isn't the most user friendly...
There's a button when you're composing a message to insert the minimum tags to create a table (see attached). This will give you a table with a single cell (one row and one column). If you want more cells add more of the "td | /td" tags. If you want more rows copy paste one set of "tr | /tr" tags. The number of td cell tags inside of each tr row tag should be the same for each row or things might not line up. If you want a blank cell just don't put anything between in its td tag.

Thank you! I actually came across an even easier method. Just quote someone else's post with a preexisting table, and it's much easier to edit all that code.

MrsSpendyPants

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Re: Race from $1M to $2M
« Reply #1819 on: December 25, 2021, 04:54:03 PM »
Final numbers in 2021
33.4% savings rate of gross income
46.2% savings rate of net income (with 401k added back into the denominator)

1.4 MM Dec 2020 networth
1.67 MM Dec 2021 networth

I would have expected to be higher by now but we put a good amount down on a new car and did a lot of home improvements, neither of which are included in the savings rate above.

Goal is to get to 50%+ savings rate for 2022

OurTown

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Re: Race from $1M to $2M
« Reply #1820 on: December 30, 2021, 06:05:45 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
November 2021 = $1,116
December 2021 = $1,117

January 2022 = $1,140

pamplemusique

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Re: Race from $1M to $2M
« Reply #1821 on: December 30, 2021, 10:16:54 AM »
Excited to join this race!

Quotes below are from the $500k to $1M race.

Checking in after bonus & RSU vesting!
Dec ‘20: $728k
Jan ‘21: $748k
Feb ‘21: $776k
Mar ‘21: $878k

Continuing the corporate slog as long as I can stand it is at least supported by the impact on my NW #s. As shitty as this pandemic year was in many ways, at least I took a big step towards eventually being able to tell my corporate overlords to stuff it when I FIRE.

Excited to close out this race with the close of the year!
Apr ‘21: $932k
May ‘21: $913k
Jun ‘21: $921k
Jul ‘21: $947k
Aug ‘21: $964k
Sep ‘21: $950k
Oct ‘21: $987k
Nov ‘21: $1,003k
Dec ‘21: $1,010k

Totals are liquid NW on Mint, excludes primary residence.
Since my last post I changed jobs within my company and find the new job to be much less of a miserable slog. I’m feeling good about finding balance with my work while building up the stash.

SEAK

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Re: Race from $1M to $2M
« Reply #1822 on: December 30, 2021, 05:26:10 PM »
Another solid year of gains. Excited to see what 2022 brings us!

LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
2020- $1.35M
2021- $1.68M + $135k in kiddos college savings and brokerage accounts

Zamboni

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Re: Race from $1M to $2M
« Reply #1823 on: December 30, 2021, 08:39:37 PM »
Welcome, new folks!

Travis

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Re: Race from $1M to $2M
« Reply #1824 on: December 30, 2021, 08:48:51 PM »
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
Oct 2021 - $1,915,000
Dec 2021 - $1,972,000

Made up for the past couple months and soooo close!!

YellowCat

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Re: Race from $1M to $2M
« Reply #1825 on: December 31, 2021, 04:59:19 AM »
Dec 2019: $1,030,547
Dec 2020: $1,355,244 (+$324,697)
Dec 2021: $1,778,865 (+$423,621)

The increase in our NW since 2019 is honestly almost unimaginable to me. Let's see what 2022 will bring.

ToughMother

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Re: Race from $1M to $2M
« Reply #1826 on: December 31, 2021, 07:28:37 AM »
Here's the end of year update & Happy New Year everyone. Wishes for abundance and health!


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
12/31/21   $1.54M        $1.34M (refinanced house, repairs continue)


SAfAmBrit

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Re: Race from $1M to $2M
« Reply #1827 on: December 31, 2021, 11:29:12 AM »
Seems I missed November - end of year totals

May2021 -  $1,003,397
June 2021 - $1.013,773
July 2021 - $1,035,193
August 2021 - $1,238,637
September 2021 - $1,228,412
October 2021 - $1,282,601
December 2021 - $1,318,811

A really remarkable year I did not know was possible!

Zamboni

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Re: Race from $1M to $2M
« Reply #1828 on: December 31, 2021, 11:49:14 AM »
^Me too, but I'm unreliable when it comes to posting.

                     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)
Sept 2021    $1.42MM     $1.79MM     (+$0)
Oct 2021      $1.49MM     $1.88MM     (+$70K)
Dec 2021     $1.52MM     $1.92MM     (+$30K)

+$259K year over year in invested stocks/bonds/bank accounts (exceeds salaries.)
+$129K year over year in home equity, but it's difficult to take that too seriously. 

2Birds1Stone

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Re: Race from $1M to $2M
« Reply #1829 on: December 31, 2021, 02:54:30 PM »
*opens door slightly and whispers*

i was told there are cookies and millionaire bars here.....

If these gains stick through the end of the month I'll be making the jump from the $500k->$1M thread on 12/1, how is it in here?  Is the water warm?

Took a little longer than anticipated due to November market dip.....

08/1/2018 - $511,000
09/1/2018 - $519,000
10/1/2018 - $526,000
11/1/2018 - $511,000
12/1/2018 - $523,700
01/1/2019 - $515,100
02/1/2019 - $552,000
03/1/2019 - $576,000
04/1/2019 - $586,200
05/1/2019 - $604,500
06/1/2019 - $590,360
07/1/2019 - $624,000
08/1/2019 - $628,300
09/1/2019 - $637,300
10/1/2019 - $649,800 FIRE'd
11/1/2019 - $675,000
12/1/2019 - $695,700
01/1/2020 - $717,000
02/1/2020 - $721,000
03/1/2020 - $702,500
04/1/2020 - $651,000
05/1/2020 - $686,700
06/1/2020 - $702,200
07/1/2020 - $710,000
08/1/2020 - $731,800
09/1/2020 - $753,000
10/1/2020 - $736,600
11/1/2020 - $731,900 Back to work, whoops!
12/1/2020 - $769,100
01/1/2021 - $800,400
02/1/2021 - $809,400
03/1/2021 - $829,100
04/1/2021 - $851,000
05/1/2021 - $879,700
06/1/2021 - $894,700
07/1/2021 - $913,000
08/1/2021 - $932,400
09/1/2021 - $954,800
10/1/2021 - $941,000
11/1/2021 - $992,400
12/1/2021 - $994,000 -_-

buh bye, as much as I like y'all I hope to stay out of this thread throughout 2022 and beyond :)

01/1/2022 - $1,025,500

Ladychips

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Re: Race from $1M to $2M
« Reply #1830 on: December 31, 2021, 03:36:44 PM »
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
09/21 - $1,011,867  $1,313,685
10/21 - $1,067,070  $1,367,952
11/21 - $1,057,747  $1,369,025


12/21 - $1,097,677   $1,410,379

What a crazy good year.

alex2918

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Re: Race from $1M to $2M
« Reply #1831 on: December 31, 2021, 04:29:20 PM »
         Real Estate           LNW      TNW
Dec-2020      352            547      899
Jan-2021      352            561      913
Feb-2021      391            520      908
Mar-2021      391            528      919
Apr-2021      392            541      933
May-2021      426            564      990
Jun-2021      429            579      1008
Jul-2021      400            614      1014
Aug-2021      400            635      1035
Sep-2021      403            616      1019
Oct-2021      404            674      1078
Nov-2021      441            667      1108
Dec-2021      467            745      1212

JJ-

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Re: Race from $1M to $2M
« Reply #1832 on: January 01, 2022, 06:35:44 AM »
Dec 2014 $101k
Jan 2017 $275k
Jan 2018 $356k
Jan 2019 $447k
Jan 2020 $559k (433 liquid)
Jan 2021 $745k ($545k liquid)
Jun 2021 $913k ($675k liquid)
Aug 2021 $1,003,776 ($750k liquid)

Jan 2022 $1,075,000 ($808k liquid)

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

JJ was here.

Still here! 😎
For now yikes top is in

turketron

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Re: Race from $1M to $2M
« Reply #1833 on: January 01, 2022, 08:48:37 AM »
2015              2016              2017              2018              2019              2020              2021              2022             
Jan141,251.00$193,414.19$283,829.36$359,505.30$546,089.75$762,355.51$1,008,596.87
Feb$135,573.00$200,758.63$304,851.88$397,087.41$557,258.06$780,137.13
Mar$138,331.39$211,677.78$303,796.17$428,309.57$522,077.78$815,764.71
Apr$98k$146,788.37$217,643.71$307,682.67$440,342.71$451,185.96$829,307.88
May$111k$149,149.52$225,773.04$315,634.59$456,285.80$510,875.92$874,326.67
Jun$112k$161,205.21$232,222.09$337,046.55$441,047.77$551,923.37$878,873.50
Jul$113k$165,947.80$235,779.19$340,399.63$476,489.51$567,485.67$907,568.86
Aug$113k$176,198.00$244,461.55$363,304.76$486,559.27$601,161.19$923,408.92
Sept $116k$178,840.37$247,101.69$385,572.12$483,967.28$653,037.25$950,899.02
Oct$184,372.64$256,365.91$392,296.56$490,200.54$639,398.62$907,416.93
Nov$120,330.91$181,625.28$266,140.14$370,000.25$501,003.17$637,260.06$963,453.56
Dec$138,810.56$187,972.57$279,806.93$386,361.40$531,904.82$723,586.82$964,037.88

I made it! Let's hope it's enough so that market fluctuations don't drop me back down below a million, I want to stay here!  Back in November 2019 when I first joined the $550k-$1mil thread, I predicted based on rate of growth in the previous thread that I'd hit $1 million by January 2022, and even though that seemed like an impossibility at the time I nailed it!
« Last Edit: January 01, 2022, 08:52:10 AM by turketron »

on the road

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Re: Race from $1M to $2M
« Reply #1834 on: January 01, 2022, 09:29:17 AM »
Happy New Year and welcome to all the new millionaires!

Liquid net worth

      2020       2021       2022
Jan              $1,428K    $1,979K
Feb     $984K    $1,463K
Mar     $883K    $1,501K
Apr     $721K    $1,720K
May   $1,092K    $1,793K
Jun              $1,828K
Jul              $1,841K
Aug   $1,217K    $1,860K
Sep   $1,260K    $1,906K
Oct   $1,265K    $1,866K
Nov   $1,253K    $1,951K
Dec   $1,375K    $1,911K

TempusFugit

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Re: Race from $1M to $2M
« Reply #1835 on: January 01, 2022, 09:50:16 AM »
                 LNW    /  TNW
EOY 2018 -  877K  / 1.02M
EOY 2019 - 1.12M / 1.275M
EOY 2020 - 1.33M / 1.5M
EQ1 2021 - 1.39M / 1.59M
EQ2 2021 - 1.50M / 1.70M
EQ3 2021 - 1.53M / 1.73M
EOY 2021 - 1.65M / 1.85M

+316K for the year.  This is three years in a row with >20% YoY NW increase.  I know that can't be sustained, but it's been fun!

Congratulations everyone on another (financially) great year. Welcome aboard to the newcomers in our rarified thread.

Let's all hope 2022 is a better year on the non-financial front for everyone. 

RWD

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Re: Race from $1M to $2M
« Reply #1836 on: January 01, 2022, 11:21:59 AM »
10/1/2020 - 0.96m
1/1/2021 - 1.08m
4/1/2021 - 1.17m
7/1/2021 - 1.25m
10/1/2021 - 1.26m
1/1/2022 - 1.34m

4/3rds of a million!

bayareafire

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Re: Race from $1M to $2M
« Reply #1837 on: January 01, 2022, 11:22:36 AM »
Investments only                       2019                2020                2021               
January$283,082$732,969$938,237
February$302,550$697,255$960,985
March$321,286$614,817$991,174
April$339,767$683,450$1,045,219
May$324,722$716,020$1,055,755
June$339,791$734,559$1,099,129
July$342,318$749,069$1,121,726
August$336,961$805,366$1,163,279
September$341,307$793,138$1,141,620
October$346,551$785,168$1,240,697
November$354,720$877,360$1,246,551
December$562,831$917,138$1,286,148

Great year. Passed $1M liquid net worth earlier in the year, and ended just shy of $1.3M. Hoping to hit $1.6M by end of 2022, but will see how the markets perform.

JGS1980

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Re: Race from $1M to $2M
« Reply #1838 on: January 01, 2022, 12:32:11 PM »
                 LNW    /  TNW
EOY 2018 -  877K  / 1.02M
EOY 2019 - 1.12M / 1.275M
EOY 2020 - 1.33M / 1.5M
EQ1 2021 - 1.39M / 1.59M
EQ2 2021 - 1.50M / 1.70M
EQ3 2021 - 1.53M / 1.73M
EOY 2021 - 1.65M / 1.85M

+316K for the year.  This is three years in a row with >20% YoY NW increase.  I know that can't be sustained, but it's been fun!

Congratulations everyone on another (financially) great year. Welcome aboard to the newcomers in our rarified thread.

Let's all hope 2022 is a better year on the non-financial front for everyone.

Another 20 years of this and you will have Warren Buffett scale of money!

JGS1980

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Re: Race from $1M to $2M
« Reply #1839 on: January 01, 2022, 12:46:27 PM »
Quarterly Update:

July-18     $704,760.25 (+54,904)
Oct-18      $768,090.42 (+63,330)
Jan-19      $761,423.60 (-06,666 for the quarter, +144,285 for the year)
April-19    $865,799.27 (+104,376)
July-19     $930,912.06 (+65,112)
Oct-19     $958,784.74 (+27,872)
Jan-20     $1,094,606 (+135,821 for the quarter, +333,183 for the year)
April-20   $931,456 (-163,150 for the quarter)
July-20    $1,128,599 (+197,143)
Oct-20     $1,233,581 (+104,981) *Milestone reached -over 1 million in liquid investments.
Jan-21     $1,468,865 (+235,284 for the quarter, +374,258 for the year))
April-21   $1,594,119 (+125,254)
July-21    $1,714,855 (+120,736)
Oct-21     $1,729,455 (+14,599) *Milestone reached -over 1.5 million in liquid investments.
Jan-22     $1,920,469 (+191,014 for the quarter, +451,604 for the year). Of the 451K yearly gains, about 1/2 were contributions, and 1/2 were investment gains. Both contributions AND gains were, respectively, more than my take home pay -> which is mindboggling. I have to be double counting somewhere, right?

JGS

TempusFugit

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Re: Race from $1M to $2M
« Reply #1840 on: January 01, 2022, 01:51:23 PM »
                 LNW    /  TNW
EOY 2018 -  877K  / 1.02M
EOY 2019 - 1.12M / 1.275M
EOY 2020 - 1.33M / 1.5M
EQ1 2021 - 1.39M / 1.59M
EQ2 2021 - 1.50M / 1.70M
EQ3 2021 - 1.53M / 1.73M
EOY 2021 - 1.65M / 1.85M

+316K for the year.  This is three years in a row with >20% YoY NW increase.  I know that can't be sustained, but it's been fun!

Congratulations everyone on another (financially) great year. Welcome aboard to the newcomers in our rarified thread.

Let's all hope 2022 is a better year on the non-financial front for everyone.

Another 20 years of this and you will have Warren Buffett scale of money!

Nah, that would put me at only $70 million or so. That would give me a rather plush annual spend of over $2 million per year under the 4% rule!   

Chairman

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Re: Race from $1M to $2M
« Reply #1841 on: January 01, 2022, 05:30:32 PM »
First post for us on this thread.

Jan 1st, 2022 update — +220k since the previous update a year before, but basically all of it is due to market returns. We are hoping to actually save some money this year instead of relying on the market for everything. While total net worth is well on the way to 2M now, the number we're actually paying attention to is our liquid assets, which are still around 1.26M (we can't eat our house, after all, so even though it does form a part of our net worth, it's not the bit that we really care about):

  • 2022: 1261k liquid + 574K home equity: total 1,835k (debt: 0k)
  • 2021: 1059k liquid + 556K home equity: total 1,615k (debt: 0k)
  • 2020: 918k liquid + 478k home equity: total 1,396k (debt: 30k)
  • 2019: 877k liquid + 440k home equity: total 1,317k (debt: 46k)
  • 2018: 1,075k liquid + 409k home equity: total 1,484k (debt: 141k)
  • 2017: 720k liquid + 250k home equity: total 970k (debt: approx 228k)

For more detail (quarterly) on the earlier updates, see post on the 500k-to-1m thread.

Jack0Life

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Re: Race from $1M to $2M
« Reply #1842 on: January 01, 2022, 06:52:24 PM »
^Me too, but I'm unreliable when it comes to posting.

                     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)
Sept 2021    $1.42MM     $1.79MM     (+$0)
Oct 2021      $1.49MM     $1.88MM     (+$70K)
Dec 2021     $1.52MM     $1.92MM     (+$30K)

+$259K year over year in invested stocks/bonds/bank accounts (exceeds salaries.)
+$129K year over year in home equity, but it's difficult to take that too seriously.

Why ?? I compare home equity to retirement accounts. You're not going to cash in your retirement account any time soon just as your home. And your retirement can take a plunge just as your house can. If you see your same house in your neighborhood selling for a certain, you can certainly count that number as your equity.
Sure, your home equity might not be an exact figure but I always tend to undervalue my home so it's a pretty accurate number.

Jack0Life

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Re: Race from $1M to $2M
« Reply #1843 on: January 01, 2022, 10:00:17 PM »
Quote
Quote from: Jack0Life on January 01, 2021, 11:48:37 AM
Updating myself for 12/31/2020. Starting 2021 officially unemployed.
What an insane 2020. Biggest jump ever in any year considering I got laid-off. Took advantage when the market was down.
Investments went up around $110k and NW went up around $175k.
In process of refinancing the primary house with a cash-out, If successful I guess the cash will put my investments over $1 million. Won't have anymore excuses to stay in this thread ??

            Dec 31st 2020       
                  -----         
Rental       210000- Paid off. getting only $10k of net income per year.   
Primary     145000- Valued this house at $365k. Exact house just sold in Nov for $387k.
Assets        45000   
HSA           22603   
IRA-roth     106498   
IRA           54487   
Inx funds   1200537. Transferred in $20k in Nov.     
401k         22441   
Wife 401k  25248   
Wife HSA   7775   
Wifes IRA   70516   
Loan         180987- Other house equity. Loan being paid back @3.5%.
Cash         107824- $33k sits in Etrade but no stocks so just CASH.   
Gold          6000

$1,125,916- Net Worth.
$979,916- Without primary home.

Updating myself for Dec 31 2021.
Overall it's a great year for pretty much everyone who has money invested or own a house.
I got my old job back in April and my wife quit hers end of Sept.

Rental       250,000- Paid off. getting only $10k of net income per year.   
Primary     157,446- Valued this house at $475k. Exact house on the back fence just sold for $505k.
                              $475k- minus selling fee and balance owed.
Assets        45,000   
HSA           31,175
IRA-roth     132,244
IRA            78,121   
Inx funds    157,723. Transferred in $17k in March     
401k          28,595   
Wife 401k   44,438   
Wife HSA    8,900   
Wifes IRA    98,909   
Loan          177,303- Other house equity. Loan being paid back @3.5%.
Cash          60,716-
Etrade        119,327- I made $21k from trading stocks. Still can't beat the SP500 LOL
TastyWorks  26,505
Gold           6,000

$1,442,402- Net Worth.
$1,290,956- Without primary home.

So I broke it down. We had a huge jump of $317,486.
$150,000 of that I bumped up our house value because the Florida market is insane.
$149,843 was investment returns with minimal returns from rental and loan.
That leaves $17,807 from savings. My wife only made $30k before she quit and I only made roughly $40k once I got hired back. I would say we lived on roughly $50k in 2021.
We filed ACA for 2022 with an estimated income of $52k minus $12k IRA contributions making our MAGI at $40k. They gave us a subsidy of $1080 with that MAGI.
Our plan going forward is $52k every year which should barely cover our expenses and not touch our stash. My wife is great at clothes alteration and hopefully she can make some side money doing that.
We are CoastFIRE and this is our plan going forward.
Our stash won't grow as fast as everyone else but we feel what we have is plenty.


jmutt

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Re: Race from $1M to $2M
« Reply #1844 on: January 02, 2022, 04:28:19 AM »
Not a bad year.
DEC 2021 NW: 1.30M
DEC 2020 NW: 1.11M
SEP 2020  NW: 1.0M
DEC 2019 NW: 933k
DEC 2018 NW: 737K
DEC 2017 NW: 697k
DEC 2016 NW: 559k
DEC 2015 NW: 444k
DEC 2014 NW: 385k
DEC 2013 NW: 337k
DEC 2012 NW: 253k
DEC 2011 NW: 209K
DEC 2010 NW: 184k

Zoot

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Re: Race from $1M to $2M
« Reply #1845 on: January 02, 2022, 05:19:35 AM »
Wow, looks like I skipped several months of updates--but here we are at year-end, so it's time!  :)

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$2,000K
Sep-21$1,599K$1,945K
Oct-21$1,656K$2,004K
Nov-21$1,660K$2,009K
Dec-21$1,720K$2,074K

Still never posted in the $2M-to-$4M thread, as I wasn't sure the NW number would hold, but if it holds for the January update I think I'll pop in.  ;) 

It really is wild looking back on the numbers--from $883K to $2,074K in five years.  How does that even HAPPEN?  (I mean, I know how it happens, I guess, but the mind boggles.)

UnleashHell

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Re: Race from $1M to $2M
« Reply #1846 on: January 02, 2022, 01:20:52 PM »


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
Sep-21 nw 1,009 liquid 818
Oct-21 nw 1,059 liquid 870
Dec-21 nw 1,066 liquid 863

missed end of Nov. year end is 300k up from last year. I'm ok with that.

monarda

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Re: Race from $1M to $2M
« Reply #1847 on: January 02, 2022, 09:28:07 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
9/1/21 $1.13M $1.32M



1/2022         $1.17M                        $1.34M      cash-out refi of primary residence
« Last Edit: January 02, 2022, 09:29:57 PM by monarda »

Trifele

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Re: Race from $1M to $2M
« Reply #1848 on: January 03, 2022, 03:27:44 AM »
It was a really good year!  Even though we are FIREd and drawing down we are up $74k in LNW over the last year due to market gains.  TNW adds in our house equity and our kids' 529 college savings plan balances. 


                 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
10/1/21   $1,007 / $1,719
11/1/21   $1,037 / $1,782
12/1/21   $1,024 / $1,768

1/1/22     $1,045 / $1,790
« Last Edit: January 03, 2022, 03:32:55 AM by Trifele »

BiggerFishToFI

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Re: Race from $1M to $2M
« Reply #1849 on: January 03, 2022, 06:35:06 AM »
Glad y’all let me stick around, but I’m back in it!

@dreadmoose Sorry to hear about your loss, but I’m still chasing with a competitive fury, no mercy. Things may change soon as we have a kid on the way and we will  be stepping back the amount we work next summer. Considering starting to track in the Lira instead of USD… if so watch out! ;)

Month   Invested   Networth   
04/30/17   $67,858   $125,786   <---- Discovered MMM / LBYM
09/30/17   $100,416   $168,105   <---- 100k Invested
01/31/19   $251,061   $311,711   <---- 250k Invested
06/30/20   $501,158   $573,100   <---- 500k Invested
10/31/21   $1,000,117   $1,191,167   <---- 1M Invested
11/30/21   $992,058   $1,164,338   
12/31/21   $1,080,047   $1,267,082