Race from $1M to $2M

[couponvan]

“Oh F, I gotta pay bills!” Thank you to this thread for reminding me it’s month end and all-I’ve been hiding under a rock in the country the past week. Now I am a bit scared to look.

[turketron]

		2015	2016	2017	2018	2019	2020	2021	2022
Jan			141,251.00	$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	$954,587.38
Mar			$138,331.39	$211,677.78	$303,796.17	$428,309.57	$522,077.78	$815,764.71	$949,999.72
Apr		$98k	$146,788.37	$217,643.71	$307,682.67	$440,342.71	$451,185.96	$829,307.88	$999,856.70
May		$111k	$149,149.52	$225,773.04	$315,634.59	$456,285.80	$510,875.92	$874,326.67	$928,584.50
Jun		$112k	$161,205.21	$232,222.09	$337,046.55	$441,047.77	$551,923.37	$878,873.50	$916,075.45
Jul		$113k	$165,947.80	$235,779.19	$340,399.63	$476,489.51	$567,485.67	$907,568.86	$840,059.88
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

[Turtle]

“Oh F, I gotta pay bills!” Thank you to this thread for reminding me it’s month end and all-I’ve been hiding under a rock in the country the past week. Now I am a bit scared to look.

Same.

Looked anyway.  Down 110K in investments in the past 2 months.  Still in the middle of the race, but the graduation line is looking farther away for sure!

Coincidentally 110K is also what I've kicked in extra this year above the usual maxing out of 401k over the course of the year.  So it's really more like 220K.  Double ouch!

[2Birds1Stone]

01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
03/01/2022 - $1,053,800
04/01/2022 - $1,113,000
05/01/2022 - $1,155,000
06/01/2022 - $1,204,900
07/01/2022 - $1,160,100

Grumble grumble *shakes fist*

[dandarc]

Date          TotalNW   Stache Only
Nov 12 2020 - 1.001M    0.953M
Jan 01 2021 - 1.061M    1.026M
Dec 31 2021 - 1.279M    1.246M
Feb 01 2022 - 1.185M    1.185M
Mar 01 2022 - 1.188M    1.159M
Mar 31 2022 - 1.213M    1.189M
May 03 2022 - 1.129M    1.088M
Jun 04 2022 - 1.136M    1.099M
Jul 01 2022 - 1.054M    1.018M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache


Hurray Market?

[RWD]

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
4/1/2022 - 1.31m
7/1/2022 - 1.17m

Wrong way!! Go back the other way!

[3Mer]

My balance sheet doesn't pass muster in this race anymore.  Maybe I'll be back this month, or maybe not.  Glad to still be accumulating though!

[couponvan]

“Oh F, I gotta pay bills!” Thank you to this thread for reminding me it’s month end and all-I’ve been hiding under a rock in the country the past week. Now I am a bit scared to look.

Same.

Looked anyway.  Down 110K in investments in the past 2 months.  Still in the middle of the race, but the graduation line is looking farther away for sure!

Coincidentally 110K is also what I've kicked in extra this year above the usual maxing out of 401k over the course of the year.  So it's really more like 220K.  Double ouch!

Bills paid, money transferred from savings to checking, and yeah, down many many thousands in a month feels bad! I’m in the other race now, so I cannot really complain.

[TempusFugit]

                 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
EQ1 2022 - 1.58M / 1.79M   
EQ2 2022 - 1.42M / 1.68M 

Down about a quarter million from peak. 

I have a bad feeling that this is going to get a lot worse, combining aspects of 2008 financial crisis and 1970's style stagflation.  I won't be surprised if we go all the way back to the COVID low water mark around S&P 2300, which would be a 50% drop from the high.  We had a 50% drop in the 2008 bear and it took 5 years to get back to the 2007 level. 

I hope I'm just being overly pessimistic.  I'm glad to still be working. Maybe in a few years we will look back on this as having been a great time to add money to the market.   

[Zamboni]

                     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    (-$100K)
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)
Mar 2022     $1.52MM     $1.97MM     (+$0K)
Jun 2022     $1.38MM     $1.91MM     (-$140K)

[on the road]

Liquid net worth

      2020       2021       2022
Jan              $1,428K    $1,979K
Feb     $984K    $1,463K    $1,967K
Mar     $883K    $1,501K    $1,991K
Apr     $721K    $1,720K    $2,111K
May   $1,092K    $1,793K    $1,906K
Jun              $1,828K    $1,918K
Jul              $1,841K    $1,833K
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

[SEAK]

Still in the race, Happy 4th everyone!

LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
2020- $1.35M
2021- $1.68M
Apr 2022- $1.603M
Jul 2022- $1.385M

[YoungGranny]

NW (approx):

12/2020: $1,000k
Q121: $1,045k
Q221: $1,106k 
Q321: $1,111k
Q421: $1,168k
Q122: $1,169k

Q222: $1,025k - reminds me of "I'm still alive but I'm barely breathing" - will I still be in this race next quarter? Who knows! But I'm still adding money to the pot and it'll bounce back someday.

[JGS1980]

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)
Jan-22     $1,920,469 (+191,014 for the quarter, +451,604 for the year)
April-22   $1,864,657 (-$55,812)
July-22    $1,680,190 (-184,167)

JGS

[Arbitrage]

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
1/1/21: $1.370M / 1.883M
4/1/21: $1.434M / 2.010M
7/1/21: $1.510M / 2.124M
10/1/21: $1.884M / 2.076M
1/1/22: $1.972M / 2.252M
2/1/22: $1.916M / 2.207M
3/1/22: $1.900M / 2.189M
4/1/22: $1.915M / 2.220M
5/1/22: $1.806M / 2.134M
6/1/22: $1.827M / 2.164M
7/1/22: $1.695M / 2.066M

Missed the actual date due to travel and general disinterest in documenting the pain.  Number is an approximation as I haven't updated all of my accounts. 

[UnleashHell]

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

Mar-21 nw 848 liquid 761
jun-21 nw 943 liquid 821
Sep-21 nw 1,009 liquid 818
Dec-21 nw 1,066 liquid 863

Jan-22 nw 1,032 liquid 829
Mar-22 nw 1,058 liquid 817
may-22 nw 1,026 liquid 753
June-22nw 962  liquid 672


I'm now in the wrong thread - I'm a fraud!!!


Net I'm some 20k down when when I quit last year - and I'm holding cash to get me through the next 8 months or so. I think I'll stay quit...

[Dicey]

Dude, you are so *not* a fraud!

[Weisass]

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

Mar-21 nw 848 liquid 761
jun-21 nw 943 liquid 821
Sep-21 nw 1,009 liquid 818
Dec-21 nw 1,066 liquid 863

Jan-22 nw 1,032 liquid 829
Mar-22 nw 1,058 liquid 817
may-22 nw 1,026 liquid 753
June-22nw 962  liquid 672


I'm now in the wrong thread - I'm a fraud!!!


Net I'm some 20k down when when I quit last year - and I'm holding cash to get me through the next 8 months or so. I think I'll stay quit...

LOL, I feel you. So far, we aren't a fraud if we count our home value, but that feels like. cheating, because we don't plan on selling it. So that's my "moment of fraud"....

[JupiterGreen]

@UnleashHell Your portfolio is just wobbling a bit, but you still belong here!

Our stach was up to 1.3 now at 1.1 but still working and contributing. If I threw in my paid off house into the NW equation it would get us back to around 1.3.

I feel like this 1-2mil milestone is the hardest. At the lower numbers, it felt like a long way to go and there is a zen to that. Now that we’ve all rounded the first mil we could retire but without much wiggle room. IDK maybe 2 will feel the same, but it seems like a better place to land. A lot more room to move with all the ups and downs in life.

We can do this. Look at the road behind us. We’ve all been working hard, we wouldn’t be here if we weren’t. Let’s not let the markets get us down, bravo/a to everyone in this thread!

[OurTown]

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
February 2022 = $1,080
March 2022 = $1,110
April 2022 = $1,125
May 2022 = $1,080
June 2022 = $1,089
July 2022 = $1,045
August 2022 = $1,082

Bottom is in!

[2Birds1Stone]

01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
03/01/2022 - $1,053,800
04/01/2022 - $1,113,000
05/01/2022 - $1,155,000
06/01/2022 - $1,204,900
07/01/2022 - $1,160,100
08/01/2022 - $1,218,800

[Arbitrage]

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
1/1/21: $1.370M / 1.883M
4/1/21: $1.434M / 2.010M
7/1/21: $1.510M / 2.124M
10/1/21: $1.884M / 2.076M
1/1/22: $1.972M / 2.252M
2/1/22: $1.916M / 2.207M
3/1/22: $1.900M / 2.189M
4/1/22: $1.915M / 2.220M
5/1/22: $1.806M / 2.134M
6/1/22: $1.827M / 2.164M
7/1/22: $1.695M / 2.066M
8/1/22: $1.809M / 2.180M

[2Birds1Stone]

@Arbitrage my OCD hates October =D

PS - May the odds be ever in your favor, so close!

[Arbitrage]

@Arbitrage my OCD hates October =D

PS - May the odds be ever in your favor, so close!

Haha I suppose I could go and put it in a table at some point.

[UnleashHell]

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

Mar-21 nw 848 liquid 761
jun-21 nw 943 liquid 821
Sep-21 nw 1,009 liquid 818
Dec-21 nw 1,066 liquid 863

Jan-22 nw 1,032 liquid 829
Mar-22 nw 1,058 liquid 817
may-22 nw 1,026 liquid 753
June-22nw 962  liquid 672
July-22 nw 1,012 liquid 725

woohoo - I got my comma back!! no longer a fraud!

Thanks all. Ignore the slight panic spasm last month - I did - as in carried on as normal. a much better month

[Weisass]

What a ride, this yEar has been. Trying our best to keep level headed, which means checking our investments less often.

Date	|Net Worth	|  Investments
	| -----------	|  -----------
01/01/20	|  $760,565	| $456,284
05/01/20	|  $728,683	| $406,811
09/01/20	|  $ 735,846	| $503,064
12/28/20	|  $813,604	| $564,111
06/05/21	|  $947,322	| $688,955
08/04/21	|  $975,000	| $709,657
10/28/21	| $1,007,900	| $746,053
04/08/21	|  $1,165,299	|  $714,316
07/30/21	|  $1,161,498	|  $577,813

[/quote]

[turketron]

		2015	2016	2017	2018	2019	2020	2021	2022
Jan			141,251.00	$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	$954,587.38
Mar			$138,331.39	$211,677.78	$303,796.17	$428,309.57	$522,077.78	$815,764.71	$949,999.72
Apr		$98k	$146,788.37	$217,643.71	$307,682.67	$440,342.71	$451,185.96	$829,307.88	$999,856.70
May		$111k	$149,149.52	$225,773.04	$315,634.59	$456,285.80	$510,875.92	$874,326.67	$928,584.50
Jun		$112k	$161,205.21	$232,222.09	$337,046.55	$441,047.77	$551,923.37	$878,873.50	$916,075.45
Jul		$113k	$165,947.80	$235,779.19	$340,399.63	$476,489.51	$567,485.67	$907,568.86	$840,059.88
Aug		$113k	$176,198.00	$244,461.55	$363,304.76	$486,559.27	$601,161.19	$923,408.92	$915,283.13
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

Bottom is in?

[mizzourah2006]

Liquid NW:
Jan. 2016: $181.7k
Jan. 2017: $249.5k
Jan. 2018: $377.3k
Jan. 2019: $499.2k
Jan. 2020: $710.5k

2021:
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: $1,298k
September 2021: 1,270k
October 2021: 1,288k
November 2021: 1,293k
December 2021: 1,312k

2022:
January 2022: 1,278k
February 2022: $1,289k
March 2022: $1,342.6k
April 2022: $1,239.3k
May 2022: $1,244.1k
June 2022: $1,191.2k
July 2022: $1,245.5k

[on the road]

Liquid net worth

      2020       2021       2022
Jan              $1,428K    $1,979K
Feb     $984K    $1,463K    $1,967K
Mar     $883K    $1,501K    $1,991K
Apr     $721K    $1,720K    $2,111K
May   $1,092K    $1,793K    $1,906K
Jun              $1,828K    $1,918K
Jul              $1,841K    $1,833K
Aug   $1,217K    $1,860K    $1,916K
Sep   $1,260K    $1,906K
Oct   $1,265K    $1,866K
Nov   $1,253K    $1,951K
Dec   $1,375K    $1,911K

[dandarc]

Date          TotalNW   Stache Only
Nov 12 2020 - 1.001M    0.953M
Jan 01 2021 - 1.061M    1.026M
Dec 31 2021 - 1.279M    1.246M
Feb 01 2022 - 1.185M    1.185M
Mar 01 2022 - 1.188M    1.159M
Mar 31 2022 - 1.213M    1.189M
May 03 2022 - 1.129M    1.088M
Jun 04 2022 - 1.136M    1.099M
Jul 01 2022 - 1.054M    1.018M
Aug 02 2022 - 1.125M    1.088M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache

$70K up in one month. Still about $160K short of the all-time high.

[afuera]

Investments Only

	2015	2016	2017	2018	2019	2020	2021	2022
January	$12,964	$53,694	$117,156	$286,460	$366,568	$554,279	$789,070	$1,023,691
February	$14,893	$57,320	$130,755	$284,267	$388,104	$530,928	$829,754	$1,000,887
March	$22,065	$71,035	$150,924	$291,192	$415,305	$575,079	$873,947	$1,035,654
April	$24,785	$75,120	$161,757	$306,848	$429,917	$529,397	$925,944	$962,250
May	$26,931	$87,541	$171,174	$317,739	$416,867	$573,991	$938,401	$935,331
June	$29,021	$90,964	$191,558	$321,370	$458,412	$607,523	$952,115	$875,560
July	$31,341	$93,025	$210,018	$339,122	$459,062	$630,288	$962,887	$965,972
August	$34,251	$95,245	$220,293	$353,410	$466,936	$686,631	$998,422	-
September	$39,854	$97,814	$231,801	$361,506	$481,531	$669,786	$970,317	-
October	$42,018	$98,335	$242,954	$336,674	$499,757	$663,596	$1,023,332	-
November	$45,987	$100,344	$256,324	$356,143	$528,712	$743,883	$1,025,096	-
December	$49,877	$106,390	$265,731	$332,761	$548,679	$779,415	$1,062,376	-

Blissfully ignored all finances while on maternity leave the last few months and now we are trying to claw our way back over the $1M mark.

[Bateaux]

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

Mar-21 nw 848 liquid 761
jun-21 nw 943 liquid 821
Sep-21 nw 1,009 liquid 818
Dec-21 nw 1,066 liquid 863

Jan-22 nw 1,032 liquid 829
Mar-22 nw 1,058 liquid 817
may-22 nw 1,026 liquid 753
June-22nw 962  liquid 672
July-22 nw 1,012 liquid 725

woohoo - I got my comma back!! no longer a fraud!

Thanks all. Ignore the slight panic spasm last month - I did - as in carried on as normal. a much better month

Hurry up.  We're waiting for you in the 2 to 4 thread.

[PassMMM]

Hello, rich people. New to this thread. General stats of my journey so far below. High income and normal person living has gone a long way over the last few years.

Jan 16:   -35k
Jan 17:   30k
Jan 18:   125k
Jan 19:   245k
Jan 20:   367k
Dec 20:   489k
Apr 21:   605k - large bonus + home appreciation of nearly 100k in under a year.
Oct 21:   745k
Nov 21:   778
Dec 21:   811
Jan 22:    824
Feb 22:   890 (EOY Bonus)
Mar 22:   941 (house appreciation boom)
Apr 22:    970 (down from 983 all time high earlier in the month)
Aug 22:   1,011

NW breakdown currently sits at $598k invested ($65k cash; $10k in i-bonds; $164 in retirement accounts; $360k in taxable brokerage). Home equity is approx. $413k.

[leighb]

NW minus Primary
2014: 512K   2015: 467K   2016: 514K   2017: 632K   2018: 697K   2019: 915K   2020: 1052K
2021: 1.33M

1/22: 1.39M
2/22: 1.35M
3/22: 1.32M
4/22: 1.35M
5/22: 1.35M
6/22: 1.34M
7/22: 1.29M
8/22: 1.35M

Right now one rental is on the market. Hopefully, I can get 3 more on there before the end of the year.

[caracarn]

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
January	$-	$292,190	$304,411	$437,806	$581,831	$615,789	$767,806	$941,921	$1,151,437	-
February	$-	$332,002	$331,197	$162,424	$585,663	$662,207	$735,649	$961,753	$1,139,532	-
March	$-	$332,209	$331,749	$481,340	$583,773	$683,014	$683,851	$992,700	$1,192,207	-
April	$-	$336,743	$260,548	$483,994	$582,862	$719,849	$734,510	$1,031,674	$1,118,869	-
May	$256,131	$338,884	$373,153	$483,982	$585,929	$701,938	$760,661	$1,040,313	$1,103,319	-
June	$258,642	$321,529	$377,807	$490,951	$590,577	$731,170	$777,705	$1,059,685	$1,052,751	-
July	$276,381	$320,767	$414,764	$503,706	$601,024	$721,753	$819,352	$1,080,029	$1,118,581	-
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	$1,195,334	-	-

Treading water which is not bad for this year for certain.   Hoping we'll start the upward climb again as things seem to be improving economically.

[PathToFI]

Hello everyone,
I want in. 
All numbers are invested.

June ‘18 $1.0 M so that was quite a thing
Aug ‘19 Paid off house and still $1.0M invested (Yes,yes, I know the math. I also know the feeling of not owing anyone anything)
Oct ‘19. $1.2
Jan ‘20  $1,283,000
Jan ‘21  $1,511,000
Jan ‘22  $1,930,000
This morning 8/23/22 $1,710,000

Started this year a with a $70k count down to get there.  I was hoping to get to the milestone by my 50th birthday last month but stocks went on sale instead.

I’m envious of the younger people on here that had the intelligence to start as early as they did.

We are a single income family of 4.  Kids are 8 & 10.  We try to live frugally and stack what we can but it’s the market that moves the needle at our income/investment level.
I don’t hate my job but spend a lot of time daydreaming about giving it up. 

[Ladychips]

I don’t hate my job but spend a lot of time daydreaming about giving it up.

How much stash do you need to give it up?

[PathToFI]

Maybe 2.5 but reaching $3M might really nudge me to make a change.

I do feel the more the pile grows, the more going to work is my decision and I like it a little more.

How about you?

[Ladychips]

That's alot of money!

 My DH (65) and I (55) left our jobs 14 months ago with a pension, a few rent houses, ss, and a modest stash. Each day since has been better than the one before. I spent most of my life defined by my work, but when I left, I never looked back.

[PathToFI]

“Each day since has been better than the one before”

Congrats!! Sounds like you are doing it right.

[Dicey]

Maybe 2.5 but reaching $3M might really nudge me to make a change.

I do feel the more the pile grows, the more going to work is my decision and I like it a little more.

How about you?

If you don't have a mortgage, why do you need three million bucks?

[JupiterGreen]

Congrats @Ladychips you are living the dream! @PathToFI I get this to some extent. We are a bit over 1 and looking to get closer to 2 before we extract ourselves from the workaday world even though it might be overshooting. But we are going from LCOL to M-HCOL (depending). With that said, I can't imagine needing 3 but if you're happy doing the work it's not the end of the world.

This thread is keeping me sane as I watch my stache fluctuate (it has not dipped below 1 though thankfully). Thanks everyone for keeping the conversation going.

[PathToFI]

Maybe 2.5 but reaching $3M might really nudge me to make a change.

I do feel the more the pile grows, the more going to work is my decision and I like it a little more.

How about you?

If you don't have a mortgage, why do you need three million bucks?

It will be more than we need. A few reasons I would like to get there before convincing myself to make a change:
-I tend to over prepare for most things.
-I love parts of my job and will miss those parts.
-It would be an amazing feeling of security to have living expenses easily covered by just dividends.
-We started a little late with kids. With an 8 & 10 year old in the house I feel extra compelled to keep earned income flowing just in case.
-Watching the portfolio grow has become a hobby. I’d like to see it grow on its own and become legacy money to help cover education expenses for future generations.
-This is my first year of catch up contributions. I love tax sheltering. With 401k, HSA & Roths we can shelter about $50k.  I’d like do that a little longer.
-Health insurance premiums for the family aren’t something I’m looking forward to paying for all on my own.
-The lack of financial stress by having a medium sized stash is fantastic!  Does having twice as much feel twice as good?  Probably not twice as good but I figure I’ll give it a try.

[JupiterGreen]

Maybe 2.5 but reaching $3M might really nudge me to make a change.

I do feel the more the pile grows, the more going to work is my decision and I like it a little more.

How about you?

If you don't have a mortgage, why do you need three million bucks?

It will be more than we need. A few reasons I would like to get there before convincing myself to make a change:
-I tend to over prepare for most things.
-I love parts of my job and will miss those parts.
-It would be an amazing feeling of security to have living expenses easily covered by just dividends.
-We started a little late with kids. With an 8 & 10 year old in the house I feel extra compelled to keep earned income flowing just in case.
-Watching the portfolio grow has become a hobby. I’d like to see it grow on its own and become legacy money to help cover education expenses for future generations.
-This is my first year of catch up contributions. I love tax sheltering. With 401k, HSA & Roths we can shelter about $50k.  I’d like do that a little longer.
-Health insurance premiums for the family aren’t something I’m looking forward to paying for all on my own.
-The lack of financial stress by having a medium sized stash is fantastic!  Does having twice as much feel twice as good?  Probably not twice as good but I figure I’ll give it a try.

Do you play it like a game? Trying to see how much of my salary I can put in tax sheltered accounts is fun. It's a game that I love to play. Ha, I'm going to miss that part.

[caracarn]

-The lack of financial stress by having a medium sized stash is fantastic!  Does having twice as much feel twice as good?  Probably not twice as good but I figure I’ll give it a try.

Ever heard the phrase, "Money can't buy happiness"? 

Once you have enough you do not feel twice as good, you just feel good.   Having more just means you could have felt good without working and instead doing what you wanted sooner.   So for me hanging around till I had twice as much would make me feel worse when I realized I had wasted away the time I had doing something I did not need to do. 

[2Birds1Stone]

-The lack of financial stress by having a medium sized stash is fantastic!  Does having twice as much feel twice as good?  Probably not twice as good but I figure I’ll give it a try.

Ever heard the phrase, "Money can't buy happiness"? 

Once you have enough you do not feel twice as good, you just feel good.   Having more just means you could have felt good without working and instead doing what you wanted sooner.   So for me hanging around till I had twice as much would make me feel worse when I realized I had wasted away the time I had doing something I did not need to do.

Good point, and there's even more to it.

People with this mindset tend to fall into the "my only tool is a hammer so everything starts to look like a nail". With enough money, many people begin to atrophy in other ways.

I guess if you love your job so much that it's what you want to dedicate the remainder of your short precious life, by all means. Most people are just too scared to figure out who they are and what they want to do when letting go of that part of their lives. It's certainly not an easy question to answer, but ever so if you're still tied to the paycheck.

[WI_FIRE]

I get it too. I'm hovering close to the $2M range too, but with 3 kids ages 11, 10 and 8, I feel like expenses could go up over the next 5-10 years and I'd be nervous to just pull the plug right now - this despite me really hating my job & knowing that my wife will keep teaching for the foreseeable future. I'd feel much more comfortable (I think) if I can get to the $2.5 to 3M range. 

Congrats @Ladychips you are living the dream! @PathToFI I get this to some extent. We are a bit over 1 and looking to get closer to 2 before we extract ourselves from the workaday world even though it might be overshooting. But we are going from LCOL to M-HCOL (depending). With that said, I can't imagine needing 3 but if you're happy doing the work it's not the end of the world.

This thread is keeping me sane as I watch my stache fluctuate (it has not dipped below 1 though thankfully). Thanks everyone for keeping the conversation going.

[farmecologist]

I get it too. I'm hovering close to the $2M range too, but with 3 kids ages 11, 10 and 8, I feel like expenses could go up over the next 5-10 years and I'd be nervous to just pull the plug right now - this despite me really hating my job & knowing that my wife will keep teaching for the foreseeable future. I'd feel much more comfortable (I think) if I can get to the $2.5 to 3M range. 

I get it three.  We are a bit over the 2M liquid NW range right now...yet we waver.  I'm still quite worried about the health insurance aspect because my wife has a chronic medical condition.  Currently looking into ACA options post retirement, etc... Also have 2 kids in college right now.  We did save for it but that savings didn't cover all of it and we would still like to help them out so they don't get into student loan debt hell ( the loan forgiveness will help that situation though...assuming it will be based on their income and not ours ). 

[OurTown]

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
February 2022 = $1,080
March 2022 = $1,110
April 2022 = $1,125
May 2022 = $1,080
June 2022 = $1,089
July 2022 = $1,045
August 2022 = $1,082
September 2022 = $1,068

[caracarn]

Everyone sets their own level but at $3M that's $120K at SWR.  I'll admit by the time we FIRE all the kids are on their own, and just as I do not expect my parents to cover our lifestyle choices we've been pretty clear with our kids that we're not covering theirs so we're past the point of having to "save" someone from crappy financial decisions.   

If I was having your concerns I would be trying to determine how much was unwarranted worry and how much (if any) is based on hard facts.    You'll never get that time back, but being brave enough to step away is harder for some than others.  Likely has to do with the risk tolerance of the investments you have or plan to hold once you step away.   I'd guess those who are comfortable (like me) with 85%+ in stocks are more comfortable stepping away sooner (with less) than those who want a lot more "guaranteed" income.   

Without frequent MMM posts like we had years ago, I am wondering if some of the face punches have worn off and people forget the fact that there are lots of ways you can make some extra money to make a bit more in a year that needs it.