-
Enjoyed reading the other race threads!
I am 39yr old, married. I work in technology operations, wife works in education.
Numbers below exclude current residence.
April 2015 - hit $1M (yay! big milestone for us :)
August 2016 - $1.2M
Happy investing!
-
My #Number is 1.4M to 1.625M, but I only have ~230k invested (330k+ total) right now. (though increasing fast)
I think you'll find that MOST here never plan on hitting 2 million and quite a few are done in the 750k zone.
By the time I can officially join this race, you'll probably be done! (another 6-8 years or so...)
-
I'll join in too, our number is 2 million (not including DHs pension). Stupid high for this forum, I know, DH still isn't 100% on the frugality thing, and we plan on living in a HCOL area. DH also has to do 5 more years to secure the lifelong health care and pension sooo why not continue to build the stash.
33 (me) and 36 (DH) here TNW 1.34 Investable 1.21
And before anyone asks, we don't include DHs pension in the calculations because if he gets booted prior to his 20 year mark he gets zip, nada, nilch. So until he hits that 20 year mark we have chosen to not include it in NW or income calculations since it is not a sure thing.
-
It's fun to support & encourage one another on this journey.
@TheAnonOne Good to know. I'm curious if there is better forum for this race? You will join us soon enough, especially if this market keeps grinding higher & higher!
@Mishmash Thanks for joining & sharing your progress!
-
Good luck to these participants! Before anyone gets all self righteous, a 4% SWR on $2 million is only $80,000 per year.
FWIW I think my magic number will be a modest $1.25 million.
-
It's fun to support & encourage one another on this journey.
@TheAnonOne Good to know. I'm curious if there is better forum for this race? You will join us soon enough, especially if this market keeps grinding higher & higher!
@Mishmash Thanks for joining & sharing your progress!
Nope, I think this forum is the perfect spot. Just my thoughts on the matter. For a lot of people here it might as well be the "Race from 10 million to 1 billion"
Like I said though, I will be in this high 1-2 zone in another 6-10 years, so it's technically a race for me, but one I can't join yet!
-
this is the right place. my number is around 2MM we spend around 50-60k plus our mortgage. but we wont hit 1MM til 2020 so it will be awhile before we're here.
-
Good luck to these participants! Before anyone gets all self righteous, a 4% SWR on $2 million is only $80,000 per year.
FWIW I think my magic number will be a modest $1.25 million.
I completely understand how hard it is to live on $80k a year. Just yesterday, I had a friend showing me $400k is barely enough in his neck of the woods. Why stop at $2M when you can march onto $8-10M, you are almost halfway there already!
-
I'll join. 2M is higher than I expect to go. Our FIRE number is 1.6M (investable assets) but who knows 2M may be possible. I'll be under 50 when I retire and might go a year or so more. After 20 years with my employer I just can't think I'll walk away. I want some sort of package or lay me off so I can collect unemployment for 6 months. Either one of those options is likely but I need the timing to work out. We are at 985K today. I was hoping to hit 1M by the end of August but looks like I will fall short.
-
1.47M invested
74 cash
Plan is to FIRE at the end of Jan, if the market doesn't move either way, with a 3.26% WR. Should be able to continue contributing until then, but hoping the market doesn't peak within 6 months before or after bon voyage!
-
1.47M invested
74 cash
Plan is to FIRE at the end of Jan, if the market doesn't move either way, with a 3.26% WR. Should be able to continue contributing until then, but hoping the market doesn't peak within 6 months before or after bon voyage!
3.26% SWR is ultra safe with the current Shiller PE ratio you'll be fine regardless of whether or not it peaks then. sitting around a 3.7 right now
-
I may be joining this race at the end of next year if all goes well. How long will it take after that? Perhaps 6 more years assuming current trajectory.
It's hard to predict compounding.
-
Count me in. I love these threads as I like seeing progress over time. I'm carrying over my progress from the 500k-1m thread if that's OK..
I'd like to join to help motivate me. Currently at $540k and hope to hit the big 1M in the next couple of years.
I made it to $748k! Keep saving everybody!!
I made it to $988k and was getting excited... and then taxes hit! Looks like it'll be another few months yet :(
I finally did it!! Crawled over the line to $1,000,330 today! Feels pretty surreal. Never thought I'd actually be worth a million dollars. Now I guess I keep on saving towards the next million!
Currently at $1.11m. Don't really have a goal number at this point. I love running my own business so just tryna ride it out as long as possible and "make hay while the sun shines" as they say.
-
Our number is 2.5M liquid (currently at 1.3 tax sheltered). I track debt reduction and contributions rather than net worth at this point since swings in the market dominate any changes in my net worth. One month I did a great job of contributing, doubling the normal contribution, but my net worth dropped $62k due to market declines. The next month I did terribly but my net worth made back all that loss and then some. So I don't mean to put a downer on your goal here, but do realize that unless your income is REALLY high, your month to month changes will be subject more to the market whims than to responsible behavior.
(I'm assuming an invested asset base rather than a RE asset base here. I don't know enough about RE to comment.)
-
Approaching 1.5M plus real estate. Goal is 2M going to FIRE by 50 so no later than Spring 2019. Hopefully no later than 2018.
-
We are approaching 1.2M Net Worth with 1.05 invested. Our goal has always been 2.4M but I have recently started to realize that we spend way less than 100k per year that I was budgeting for so our number may be significantly less than 2.4, maybe closer to the mid 1's
Its amazing how fast the NW number can grow with a firehose of 10k/mo going to investments and now that my invested portion has some size to it the market gains can be really fun to watch.
My goal is to retire by the time we are 40 in 8 years and barring some finacial disaster I think we are in good shape to hit that.
-
.....now that my invested portion has some size to it the market gains can be really fun to watch. .....
Also "fun" to watch drop, in a roller coaster sort of way. The key is to joyfully anticipating the bottom for juicy buying opportunities, instead of feeling the paper losses.
Us, 1.7M, goal of 2M as "enough".
Another goal is to withdraw/spend ~70k and pay no taxes for a year.
-
We just passed $1M for the first time this month, and plan to work another 5-6 years based on our vested retirement balances, healthcare at current jobs continuing in retirement, etc. so we're not really trying to hit $2M necessarily, but it likely the number we will be very close to mid-2022 when we plan to FIRE.
Count us in! :)
-
I'll join as well.
I'm just under 1.1 million right now and will likely reach 2 million if I continue to my full retirement age for my Pension and reduced Health Care for Life. There is a chance that I'll say f* that if I feel that I can live the like I want to before that though.
ETA: even though I'm vested I don't pay attention to my pension other than to calculate how much I am eligible for. I don't count it as part of my net worth at this time.
-
Hit 7 figs in August 2008. Took 6 years to go from approx. -200k to there.
Semi retired in September 2015.
Currently at 1.95 and holding, holding, holding. Hoping to hit 2.0 in May 2018 and retire at 45.
p.s. Never understand why people post childish denigrations in threads like this ? Jealousy ? To make themselves feel better maybe ? Remember, there are always those better off than you and also worse off than you. Really, feel free to live your own life and let others live theirs or feel free to STFU.
-
Hit 7 figs in August 2008. Took 6 years to go from approx. -200k to there.
Semi retired in September 2015.
Currently at 1.95 and holding, holding, holding. Hoping to hit 2.0 in May 2018 and retire at 45.
p.s. Never understand why people post childish denigrations in threads like this ? Jealousy ? To make themselves feel better maybe ? Remember, there are always those better off than you and also worse off than you. Really, feel free to live your own life and let others live theirs or feel free to STFU.
Are you ok? Anger won't solve this. Let it go... you can't argue with the internet.
How did you get from -200 to +1000 in 6 years? Thats a big gain. Also... why do you think it will take 18 months to get the remaining 50k from 1.95 to 2.00?
-
Hit 7 figs in August 2008. Took 6 years to go from approx. -200k to there.
Semi retired in September 2015.
Currently at 1.95 and holding, holding, holding. Hoping to hit 2.0 in May 2018 and retire at 45.
p.s. Never understand why people post childish denigrations in threads like this ? Jealousy ? To make themselves feel better maybe ? Remember, there are always those better off than you and also worse off than you. Really, feel free to live your own life and let others live theirs or feel free to STFU.
Are you ok? Anger won't solve this. Let it go... you can't argue with the internet.
How did you get from -200 to +1000 in 6 years? Thats a big gain. Also... why do you think it will take 18 months to get the remaining 50k from 1.95 to 2.00?
my guess would be when he semi retired he dropped down to just working to sustain his lifestyle and let his stash grow. though that is projecting super conservative market gains over the next 18 months.
-
Are you ok? Anger won't solve this. Let it go... you can't argue with the internet.
How did you get from -200 to +1000 in 6 years? Thats a big gain. Also... why do you think it will take 18 months to get the remaining 50k from 1.95 to 2.00?
Not particularly angry but you are right. Let morons be morons.. :o)
That is the time when I started my business (2003). Man, those years were roaring and we were making money hand over fist. But of course the recession ended that party.
It probably won't take 18 mos. to make that next 50K but I prefer to be conservative in my plans. Avoids disappointment... :o)
-
my guess would be when he semi retired he dropped down to just working to sustain his lifestyle and let his stash grow. though that is projecting super conservative market gains over the next 18 months.
Right on the nose. We are also drawing a bit from the dividend stream to supplement the "salary" so that slows down growth a bit as well.
-
I think you'll find that MOST here never plan on hitting 2 million and quite a few are done in the 750k zone.
This leads me to wonder if people who are done with $750K have income from real estate and/or pensions? I do not have a pension and would not feel comfortable retiring with only $750K. That's why I ask.
-
I think you'll find that MOST here never plan on hitting 2 million and quite a few are done in the 750k zone.
This leads me to wonder if people who are done with $750K have income from real estate and/or pensions? I do not have a pension and would not feel comfortable retiring with only $750K. That's why I ask.
No pension or RE for me. (Besides primary residence.)
-
p.s. Never understand why people post childish denigrations in threads like this ? Jealousy ? To make themselves feel better maybe ? Remember, there are always those better off than you and also worse off than you. Really, feel free to live your own life and let others live theirs or feel free to STFU.
Besides the fact that it's rude to judge others on their goals, those who think $2 million is way more than they'd ever need to save for retirement also ought to take into account the effect of inflation. It's all well and good to want to retire on $750k in current dollars. But if you're in your 30s or even your 40s at FIRE, you could easily have a 50-60 year retirement life expectancy. Over that time, your $750k will need to become much greater as your money becomes worth less. In fact, you would likely need to exceed the $1 million mark within a decade or so after FIRE, depending on what you assume for a rate of inflation.
My goal for FI is $800k in 2015 dollars, and I am assuming a 3.5% inflation rate. This means that I will need to have accumulated $1 million in 2022, and $2 million within about 27 years. Since I'm only 41 now, yes, I intend to live long enough to need to accumulate $2 million. And I won't even be collecting SS yet when I do!
-
Where do I sign up for race to 10 million?
-
p.s. Never understand why people post childish denigrations in threads like this ? Jealousy ? To make themselves feel better maybe ? Remember, there are always those better off than you and also worse off than you. Really, feel free to live your own life and let others live theirs or feel free to STFU.
Besides the fact that it's rude to judge others on their goals, those who think $2 million is way more than they'd ever need to save for retirement also ought to take into account the effect of inflation. It's all well and good to want to retire on $750k in current dollars. But if you're in your 30s or even your 40s at FIRE, you could easily have a 50-60 year retirement life expectancy. Over that time, your $750k will need to become much greater as your money becomes worth less. In fact, you would likely need to exceed the $1 million mark within a decade or so after FIRE, depending on what you assume for a rate of inflation.
I'm pretty sure the 4% rule covers this. So that's one less worry.
-
Besides the fact that it's rude to judge others on their goals, those who think $2 million is way more than they'd ever need to save for retirement also ought to take into account the effect of inflation.
Yes, as another poster hinted at, the math on this doesn't add up at all unless you are keeping your $750K in cash under your mattress. Keep it invested in a reasonable asset allocation with at least 50% equities and you should more than keep up with inflation. Read the sticky thread on why you shouldn't worry about the 4% rule for more details.
Back to the original thread, I'd love to join this race! We hit the $1M mark just around the time our baby was born in the middle of 2014. We are somewhere in the neighborhood of $1.35M right now. We don't have a number firmed up quite yet (haven't figured out the housing thing yet), but would like to call it quits by 2020. Let's see where this ride takes us. :)
-
I understand that a balanced investment portfolio will (theoretically) keep up with inflation over the long term if one's withdrawal rate is sufficiently conservative. I'm not advocating for having to actually CONTRIBUTE $2 million to one's retirement account if one plans to FIRE now, just pointing out that $2 million in assets isn't all that astronomical of an amount to accumulate over the multi-decade lifespan of many people who are posting here. Even without assuming doomsday hyperinflation types of scenarios, many of us will ultimately have and need assets of $2 million or more if we reach our full lifespans. At a 3.5% inflation rate, you will need roughly twice your current amount of assets every 20 years or so to maintain the same lifestyle. So a 30 or 40-year-old who needs $750,000 now almost certainly will need to eventually accumulate $2 million if they live long enough. That this growth comes via market gains instead of further contributions is besides the point, unless you are suggesting that only people who are still making contributions from their paychecks should be posting in this thread.
-
I don't think some of the previous posters understand the 4% rule. The 4% rule assumes you increase your annual spend and annual draw from your investments by the rate of inflation each year. The risk of going broke at a given SWR does increase as you increase your estimated retirement period from the traditional 25 years to 40+ years but this increase in risk is pretty minor.
-
One more year syndrome may go on for a while for me. The larger the portfolio gets, the easier it is to go to work. I get my sixth week of vacation next year's, that's going to make it even easier. The market hasn't really added any huge gains since we hit the 1.5M investment equities mark. Bob Brinker calls it Critical Mass. There is no requirement to retire, you have the option of throttling back a bit at work and watching your assets grow. Maybe take a lesser paying job you always wanted just to cover day to day expenses.
-
I don't think some of the previous posters understand the 4% rule. The 4% rule assumes you increase your annual spend and annual draw from your investments by the rate of inflation each year. The risk of going broke at a given SWR does increase as you increase your estimated retirement period from the traditional 25 years to 40+ years but this increase in risk is pretty minor.
The increase in risk is minor and the upside is HUGE!
-
Hello, everyone! This is a fun thread to join. As of December 15, 2016 I am at $1,114,912.
Looking forward to following everyone's journeys to $2MM!
-
We're currently just north of $1.4M. Our geometric average growth rate over the last 13 years has been 18.6%, which means we double our net worth roughly every 4 years. My lower-bound FIRE number is 1.586M and our upper-bound number is around $2.5M. So FIRE should be in the cards in the next 4 years. A lot depends on how much I want to de-risk everything before we start working on our companies full time.
-
I'm joining as of today I have $1 million liquid and am now setting my sights of course on getting to the next milestone which I'm hoping will come much sooner. Thanks Cornbread for sharing this thread!
-
my guess would be when he semi retired he dropped down to just working to sustain his lifestyle and let his stash grow. though that is projecting super conservative market gains over the next 18 months.
Right on the nose. We are also drawing a bit from the dividend stream to supplement the "salary" so that slows down growth a bit as well.
Well, that happened a lot faster than it should have. Just squeaked over the top based on figures from the 30th. Much of it thanks to the the post election bump in the US. So a lot of those gains could evaporate as quickly as they accrued.
Nevertheless, the view is fine and I'm going to enjoy it today (while the markets are closed... lol)
-
Congrtas, Koogie. I'm also enjoying the Santa Claus or Trump or whoever's rally.
-
Posting to follow not join. If I include home equity I'd be in it but using my own (most would say stupid and incorrect) way to calculate NW, just liquid invested.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
-
I may be joining this race at the end of next year if all goes well. How long will it take after that? Perhaps 6 more years assuming current trajectory.
It's hard to predict compounding.
I'm hoping to join at roughly the same time (by end of 2017) so this could get ugly, Marty ;-) West Coast rules, East Coast drools.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
whats your WR. 4% of 1.17M or less?
-
Do you all count rentals as investable assets for this exercise?
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
whats your WR. 4% of 1.17M or less?
Hard to say because we have a lot of changes and went into permanent travelling mode, so don't know what our expenses are. Will aim to keep them below $40,000. Long term it will depend on cost of housing in whatever area we settle in.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
whats your WR. 4% of 1.17M or less?
Hard to say because we have a lot of changes and went into permanent travelling mode, so don't know what our expenses are. Will aim to keep them below $40,000. Long term it will depend on cost of housing in whatever area we settle in.
I love the attitude!
-
Do you all count rentals as investable assets for this exercise?
I count money that is employed for me, so rentals would be included. Mostly I'm excluding money set aside for college and my home equity since I know both of those are not going to be accessible for spending. I also exclude the value of cars/furniture/toys etc, but I don't think that needs to be said with this group.
Year end invested assets at 1.4M.
-
Ok new year update. Liquid investments are bubbling near 1.6M now. Crazy rally has really boosted the portfolio. Hard to believe that it's really real.
-
So here's my brief story:
Tallied up our investments for the first time ever 3 years ago. $1.54M. Have corrected the investments by moving everything into simple 3 fund index funds and ETFs. Rolled over a bunch of old 401k's and 403b's to simplify further. Opened my first taxable account last year.
I'm now about $25k away from $2MM invested. I don't count net worth because I can value my house and cars wherever I want, so that's sort of cheating to me. Just paid spring semester tuition for my son and there's a 529 check coming our way to replenish some of that. I do chase CC and Bank bonus money so have a good chunk waiting to hit the time in account to collect $400 at Citi, then that'll be free and I can get back to putting money into the taxable. Oh, come to think of it, we can do 2017 Roth contributions first and since we're old, that's $13k right there for the 2 of us. If the stock market stays somewhat stable (which it won't), I'll hit that "2" number in the next couple months.
I plan to retire in 2 or 3 years which has my wife all freaked out. Son #1 graduates before I do so that leaves one more son. And of course medical insurance.
I've been decluttering over the last few months which brings in a tiny bit of cash but more importantly rids the house of unwanted crap. It's also nice to sell 3 good tires to someone for $15 who really needs them (we have a subaru that destroyed one tire....worn enough that we had to replace 4). Oh, I love Craigslist!
-
We are at a net worth of 1.9M-ish ( liquid investments at 1.6M, 1.3M are tax sheltered )....no debt. One of us also has a pension which we are not taking into account right now ( treating that as a potential 'bonus' ).
You are probably wondering why we are still working, etc.... Well, we have two almost-college-aged kids, and one of us has a "pre-existing" medical condition. Very worried about the future of the ACA, etc... Probably will keep going until we have 2M in liquid investments. However, it is becoming harder and harder to do every year ( corporate culture at my company sucks )!
By the way, for those wondering about retirement planning...Personal Capital has a very nice retirement planner under the 'advisor tool' tab. It does take inflation into account, allows quite a few variables to be changed, and runs all sorts of simulations. It then outputs a nice graph of the median (expected) and 10th percentile ( worst case ) scenarios. I'd recommend Personal Capital for this tool alone.
Edit: Forgot to add that we are also a bit worried about the super high stock market valuations these days. We have switched some of our holdings to somewhat more conservative funds ( Vanguard Wellesley - VWIAX ). Not to be a downer but I also fear that we could see a stock market correction in 2017...but then again who knows!
-
Not to be a downer but I also fear that we could see a stock market correction in 2017...but then again who knows!
All the more reason for me to build up ample cash reserves while I still have a regular paycheck to ride these market corrections out.
-
Edit: Forgot to add that we are also a bit worried about the super high stock market valuations these days. We have switched some of our holdings to somewhat more conservative funds ( Vanguard Wellesley - VWIAX ). Not to be a downer but I also fear that we could see a stock market correction in 2017...but then again who knows!
You have to be able to sleep at night. With stocks so high, rebalancing into bond/conservative investments is fine. You should have an IPS written and go by that. If you decide that your asset allocation needs to be changed to prevent sitting bolt upright in the middle of the night worrying "what if the Dow drops 1200 points tomorrow?!", then it makes perfect sense to readjust your AA and do some shuffling of funds.
-
Edit: Forgot to add that we are also a bit worried about the super high stock market valuations these days. We have switched some of our holdings to somewhat more conservative funds ( Vanguard Wellesley - VWIAX ). Not to be a downer but I also fear that we could see a stock market correction in 2017...but then again who knows!
You have to be able to sleep at night. With stocks so high, rebalancing into bond/conservative investments is fine. You should have an IPS written and go by that. If you decide that your asset allocation needs to be changed to prevent sitting bolt upright in the middle of the night worrying "what if the Dow drops 1200 points tomorrow?!", then it makes perfect sense to readjust your AA and do some shuffling of funds.
Yes..we readjusted a few years ago to 'sleep better at night'. Vanguard Wellesley Admiral (VWIAX), a 70% bond/30% stock 'balanced' fund has worked out very well for us. Yields are at around 3% right now.
On another thread I noted that many here seem to be very, very gung-ho on stocks. I'm afraid that many will be very disappointed when they see their accounts drop 40% someday ( although I sincerely hope this will never happen ). As some who has 'lived through' the crash of '08, the experience was good lesson on why we should diversify! I'm almost certain that many of the pro-stock people have not had an experience like this. In fact, I think many of the younger folks here probably started investing just after the crash.
-
When you're in your 20's, you can easily be gung ho and 95% stocks without worry. Your portfolio at that point is low enough to be called "who cares?". But when you're at the point where you actively think "if they come in and fire me today, I'm set to retire", then pulling a 2008 where stocks dropped 50% doesn't work. I'm in that near retirement stage. 50/50.
-
When you're in your 20's, you can easily be gung ho and 95% stocks without worry. Your portfolio at that point is low enough to be called "who cares?". But when you're at the point where you actively think "if they come in and fire me today, I'm set to retire", then pulling a 2008 where stocks dropped 50% doesn't work. I'm in that near retirement stage. 50/50.
Yes..I agree with you 100%. However, for many people that's not how it worked out in 2008. Due to panic/fear/paranoia, I saw FAR too many people pull money out of the market during the crash ( the worst possible time to do so ). Many also stopped investing towards the low point ( again a horrible idea ). These are people that should have known better. Basically, many people believe in the idea of dollar-cost-averaging...but can't seem to stick with it during tough times.
Of course there are many other variables that play into this. For instance, the loss of a job during a down market causes lost investment opportunities at the at the 'low point' of the cycle. This happened quite a bit during the 'great recession'...the very time when there was the most opportunity to invest. This also happens to be a big reason why the 'smart money' always wins.
My whole point to all of this is to be careful out there! Invest over the long the best you can and make sure to diversify.
-
Compiled my net worth for the check dated 1st quarter 2017:
$1,136,462.13
-
Awesome news today. I just crossed over the $2M mark!
Congrats!
-
Awesome news today. I just crossed over the $2M mark!
Congrats, Freedom17!
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
whats your WR. 4% of 1.17M or less?
Hard to say because we have a lot of changes and went into permanent travelling mode, so don't know what our expenses are. Will aim to keep them below $40,000. Long term it will depend on cost of housing in whatever area we settle in.
We're in a similar situation! North of 1MM, FIRE'd, so our "race" to 2MM will be more like a slow crawl.
Unknown expenses due to travel/kids and unknown future "settling" situation.
But hey, I'd rather crawl to 2MM while not working than rocket there while working full time, personally. :D
I'd guess maybe.. 2021 or so? Could be earlier or later, depending on market returns and any contributions.
-
We're in a similar situation! North of 1MM, FIRE'd, so our "race" to 2MM will be more like a slow crawl.
Unknown expenses due to travel/kids and unknown future "settling" situation.
But hey, I'd rather crawl to 2MM while not working than rocket there while working full time, personally. :D
I'd guess maybe.. 2021 or so? Could be earlier or later, depending on market returns and any contributions.
I was under the impression that most of your income was from real estate investments? What proportion of your NW is invested in the market?
-
We're in a similar situation! North of 1MM, FIRE'd, so our "race" to 2MM will be more like a slow crawl.
Unknown expenses due to travel/kids and unknown future "settling" situation.
But hey, I'd rather crawl to 2MM while not working than rocket there while working full time, personally. :D
I'd guess maybe.. 2021 or so? Could be earlier or later, depending on market returns and any contributions.
I was under the impression that most of your income was from real estate investments?
Indeed, it is!
The real estate market is a thing, too. ;)
How the real estate market performs (e.g. appreciation) has a big impact on our net worth.
What proportion of your NW is invested in the market?
Almost everything except the NPV of our pension (though that is also invested, though for us, via the pension managers).
Most in various real estate markets, some in the stock market.
While the bulk of our investments are in real estate, we have a good chunk in the stock market as well, and more all the time (sending all our extra cash flow into equities, to diversify into paper assets and try to hit a "second FI" based on our stock portfolio).
Either way, fluctuations in stocks and real estate values will be the thing that determines when we hit 2MM, likely more so than our contributions (due to them being much lower now that we don't work, obviously--otherwise it would be the contributions driving it, like for most ERees).
-
Congrats to those who have crossed the threshold!
Wanted to add my perspective having recently crossed the $2m barrier ($2.7m in Australian dollars as of this month, so technically now $2m of those funny green dollars too).
Getting to $1m took me 8.5 years from graduation (and negative net worth at that point). Since then, things have accelerated, taking 3.5 years to get to $2mm. Assuming current trajectory, getting to $3mm will be under two years. So, however you look at it, if you keep working/saving/investing, and markets behaving, the trajectory does go exponential.
However, I'm about to pull the pin on my career and its cash supply (5 months to go). I'm expecting the trajectory to really slow down then, and it will probably be a slow limp over the $3m mark. From this thread, it sounds like I'm certainly not the only one hitting this point, and having adjustment issues in finding a purpose other than net worth build!
-
Congrats to those who have crossed the threshold!
Wanted to add my perspective having recently crossed the $2m barrier ($2.7m in Australian dollars as of this month, so technically now $2m of those funny green dollars too).
Getting to $1m took me 8.5 years from graduation (and negative net worth at that point). Since then, things have accelerated, taking 3.5 years to get to $2mm. Assuming current trajectory, getting to $3mm will be under two years. So, however you look at it, if you keep working/saving/investing, and markets behaving, the trajectory does go exponential.
However, I'm about to pull the pin on my career and its cash supply (5 months to go). I'm expecting the trajectory to really slow down then, and it will probably be a slow limp over the $3m mark. From this thread, it sounds like I'm certainly not the only one hitting this point, and having adjustment issues in finding a purpose other than net worth build!
That's quite the impressive acceleration! I can't imagine making money that fast; be a few years before I crack the 2 mil mark, I would guess. I'd have to start tracking my networth at some point, even to know. I'm way too lazy to do that, much less earn money I'll never need, so it's no doubt much easier for people without my disability. :D
-
I can't imagine making money that fast; be a few years before I crack the 2 mil mark, I would guess. I'd have to start tracking my networth at some point, even to know. I'm way too lazy to do that, much less earn money I'll never need, so it's no doubt much easier for people without my disability.
Do you have no idea what your assets are worth, or what your liabilities are?
Or was this a joke that went over my head?
-
I can't imagine making money that fast; be a few years before I crack the 2 mil mark, I would guess. I'd have to start tracking my networth at some point, even to know. I'm way too lazy to do that, much less earn money I'll never need, so it's no doubt much easier for people without my disability.
Do you have no idea what your assets are worth, or what your liabilities are?
Or was this a joke that went over my head?
I mean... Kinda? I know I'm worth more this year than last year, even after spending a fuck ton of money on a ridiculous lifestyle. Do I keep an up-to-the month mental track of my assets and liabilities, so that I might know when I reach an arbitrary dollar figure of net worth? Fuck no. What's the point?
And yes, you did seem to miss a large part of it, but that's neither here nor there.
-
As net worth grows, it becomes a decreasingly useful metric. When I had $100k, changes in net worth were mostly reflecting my behaviour. At $1m, the change from the markets on net worth was often greater than the impact of my savings in a given month. Beyond $2m, the behaviour is almost unmeasurable in net worth changes. I spend more time now on monthly savings rate, and don't track net worth so much
-
We're in a similar situation! North of 1MM, FIRE'd, so our "race" to 2MM will be more like a slow crawl.
Unknown expenses due to travel/kids and unknown future "settling" situation.
But hey, I'd rather crawl to 2MM while not working than rocket there while working full time, personally. :D
I'd guess maybe.. 2021 or so? Could be earlier or later, depending on market returns and any contributions.
I was under the impression that most of your income was from real estate investments?
Indeed, it is!
The real estate market is a thing, too. ;)
How the real estate market performs (e.g. appreciation) has a big impact on our net worth.
What proportion of your NW is invested in the market?
Almost everything except the NPV of our pension (though that is also invested, though for us, via the pension managers).
Most in various real estate markets, some in the stock market.
While the bulk of our investments are in real estate, we have a good chunk in the stock market as well, and more all the time (sending all our extra cash flow into equities, to diversify into paper assets and try to hit a "second FI" based on our stock portfolio).
Either way, fluctuations in stocks and real estate values will be the thing that determines when we hit 2MM, likely more so than our contributions (due to them being much lower now that we don't work, obviously--otherwise it would be the contributions driving it, like for most ERees).
Ah, yes, of course it is in a market even if it's a real estate market. I guess I was thinking that your *income* wouldn't be as equities-market-dependent but since this thread is about NW, that makes sense. How do you assess your property values since they are in diverse geographic areas? I know there is Zillow in the US, but I've seen people mention it can be unreliable.
-
Congrats to those who have crossed the threshold!
Wanted to add my perspective having recently crossed the $2m barrier ($2.7m in Australian dollars as of this month, so technically now $2m of those funny green dollars too).
Getting to $1m took me 8.5 years from graduation (and negative net worth at that point). Since then, things have accelerated, taking 3.5 years to get to $2mm. Assuming current trajectory, getting to $3mm will be under two years. So, however you look at it, if you keep working/saving/investing, and markets behaving, the trajectory does go exponential.
However, I'm about to pull the pin on my career and its cash supply (5 months to go). I'm expecting the trajectory to really slow down then, and it will probably be a slow limp over the $3m mark. From this thread, it sounds like I'm certainly not the only one hitting this point, and having adjustment issues in finding a purpose other than net worth build!
Wow, that's very impressive. We just broke 1 M NW this past summer, but it took us 11 years from graduating with a slightly negative NW. If you're willing to share more details, I would be interested in knowing roughly how much you were saving per month or per year, and whether that number changed after you reached 1 M. I can't imagine getting to 2 M in 3.5 years!
-
Congrats to those who have crossed the threshold!
Wanted to add my perspective having recently crossed the $2m barrier ($2.7m in Australian dollars as of this month, so technically now $2m of those funny green dollars too).
Getting to $1m took me 8.5 years from graduation (and negative net worth at that point). Since then, things have accelerated, taking 3.5 years to get to $2mm. Assuming current trajectory, getting to $3mm will be under two years. So, however you look at it, if you keep working/saving/investing, and markets behaving, the trajectory does go exponential.
However, I'm about to pull the pin on my career and its cash supply (5 months to go). I'm expecting the trajectory to really slow down then, and it will probably be a slow limp over the $3m mark. From this thread, it sounds like I'm certainly not the only one hitting this point, and having adjustment issues in finding a purpose other than net worth build!
Wow, that's very impressive. We just broke 1 M NW this past summer, but it took us 11 years from graduating with a slightly negative NW. If you're willing to share more details, I would be interested in knowing roughly how much you were saving per month or per year, and whether that number changed after you reached 1 M. I can't imagine getting to 2 M in 3.5 years!
I'm less convinced that the 2nd was impressive - things were pretty much on autopilot during that time. The usual things - high income, control expenses, save lots, apply some leverage with low rates, get lucky on market returns.
For a blow by blow account, I have a journal in the journals section. For the short version, over the period from $1m to $2m, my numbers were:
After tax income from employemnt (including superannuation - like an Australian version of a 401k): $520k
Spending: $194k
Savings: =$326k, savings rate 63%
Return from market over this time:
Dividends: $193k
Capital gains: $481k.
So, about 70% of the change was from the portfolio doing the lifting, and 30% was from savings. I suspect I'm not the only one that has seen this kind of trajectory.
Asset allocation is roughly:
30% Australian residential property (I live in this house. I believe Australian houses are a bubble)
11% Australian commercial property
44% Australian shares
15% International shares,
plus a little big of leverage ($500k on 3.2M total portfolio value)
Hope that helps.
-
Ah, yes, of course it is in a market even if it's a real estate market. I guess I was thinking that your *income* wouldn't be as equities-market-dependent but since this thread is about NW, that makes sense. How do you assess your property values since they are in diverse geographic areas? I know there is Zillow in the US, but I've seen people mention it can be unreliable.
Best estimate. There's no way to know for sure until you sell (even comps aren't sufficient), but I've gotten pretty good at assessing property values.
For us it took 7 years from graduation to hit 1M and 4 more years to hit 2M.
It took us about 7.5 years from graduation to hit 1MM (though we were at NW $0 after 3 years due to a declining real estate market, so from $0 to 1MM took about 5 years), and it'll probably take 6ish years to hit 2MM, but that's with being FIRE'd about 5.5 of the 6 years. If we were still working, I think 3-4 years to hit 2MM is likely.
-
For us it took 7 years from graduation to hit 1M and 4 more years to hit 2M.
That is massively impressive! I suppose i could pull the first one off, if measured from college graduation and not highschool. Have about another year or so for that though. Would love to have the stache double 3 years after that, but it wouldn't matter much, as far as I'm concerned.
-
The first million is really hard.
The second million is pretty hard.
The third million is a lot easier.
The 4th million isn't that hard, it just becomes inevitable.
-
As net worth grows, it becomes a decreasingly useful metric. When I had $100k, changes in net worth were mostly reflecting my behaviour. At $1m, the change from the markets on net worth was often greater than the impact of my savings in a given month. Beyond $2m, the behaviour is almost unmeasurable in net worth changes. I spend more time now on monthly savings rate, and don't track net worth so much
bigchrisb, this has really stuck with me.
Our net worth is at 2.3 right now. My husband maxes out his 403(b), which, including maxing catch-up contributions and the employer match, added up to $30.5K last year. But it read as "noise" in the overall net worth. The additions we are making don't make a big difference when the market goes up, and they won't make a big difference when the market goes down.
We live in provided housing at my husband's job, and we don't want to be landlords, so we haven't had real estate since we lost $80K on the sale of our house in 2009. We have REITs but no equity. So aside from 7% we keep in money market accounts and a CD because if my husband lost his job, we'd lose both his income and housing, our entire stache is out there in "Return is Not Guaranteed Land", which feels darker and more foreboding the older I get.
We made our first million by saving in a corporate culture where most of our peers spent. The climb to the second million got a huge boost with a $300K inheritance in 2014. But now I don't see a way to 3 or 4, so I would love to hear more from libertarian4321 about why those are easier/inevitable. Frankly, I'm more worried about that value dropping in half than I am convinced it will double.
-
Thanks for sharing more details about pace and rate of increase everyone. We are now saving about the same amount per year as you, bigchrisb, but quite a bit of our NW is in housing equity. Somehow I don't think returns will be as good in the next few years as they have been in the past few years but of course no one can know that for sure. One or both of us might scale back before we reach 2 M anyway. I would probably stick it out if it could happen in 3.5 years, but my calculations with modest returns suggest 6-8 years, which seems too far away.
-
As net worth grows, it becomes a decreasingly useful metric. When I had $100k, changes in net worth were mostly reflecting my behaviour. At $1m, the change from the markets on net worth was often greater than the impact of my savings in a given month. Beyond $2m, the behaviour is almost unmeasurable in net worth changes. I spend more time now on monthly savings rate, and don't track net worth so much
bigchrisb, this has really stuck with me.
Our net worth is at 2.3 right now. My husband maxes out his 403(b), which, including maxing catch-up contributions and the employer match, added up to $30.5K last year. But it read as "noise" in the overall net worth. The additions we are making don't make a big difference when the market goes up, and they won't make a big difference when the market goes down.
So here's the thing.
Mathematically, if you believe this to be true (contributions basically noise, not much difference, just market movement is the main thing), and you're saving 50% or more, then you should ER! (Aside from the case where you love your job--in the scenario where you're working towards ER.)
Basically the logic is pretty simple:
1) If you're saving > 50%, your withdrawals (spending) is less than your contribution/savings (by definition of savings and spending).
2) If the amount you're saving is fluctuations/noise among market movements, withdrawing an even smaller amount would be even smaller noise.
3) Therefore you could ER, and the market will do its thing. There's no difference between adding a tiny bit of noise as a tiny boost, or an even smaller amount of noise as a tiny drag.
If you don't agree, then I'd posit there's something else wrong besides the logic--either you don't believe it's just noise (i.e. you think the drawdowns could be significant, in which case the contributions should count as "significant," since they're an even larger amount), or you have psychological hangups around ER'ing (or you aren't trying to ER, e.g. in the case you love your job).
But contributions shouldn't be "noise" until you're at the ER point, basically.
Simply put, most people are saving > 1 year of ER each working year (1 year @ 50% savings rate, 2 years @ 66%, 3 @ 75%, etc.). When you're saving some number > 1, and your overall stache is < 25x annual spend, it shouldn't be noise.
E.g. say your stache is 18x expenses, and you add 3x. That's 16% of your stache you add that year. Certainly not noise.
And this, since it's a percent, is irrelevant of stache size.
If you're at 2MM, but saving 300k/yr, that's not noise. If you're at 2MM but saving only 20k (and that's > 50%) that's noise, sure, but then you're well past FI (spending < 20k on a 2MM stache).
So I'd posit if contributions are noise, you can/should (if you don't like your job) ER.
:)
-
You should be careful here with assuming all noise are equal. Market movements move up and down with a certain long term growth rate. On the other hand savings is always positive. Even though savings may be small and appear to be 'noise' they have a very different distribution to market returns. To give another example if the market is volatile then withdrawals of 8% a year may seem small relative to market movements, but over time those withdrawals (at that rate) will almost surely deplete the stash where as market movements won't.
Sure, but 8% contributions aren't noise either then.
My point was by the time you get to where contributions are "noise," you should be well past 25x assets, and possibly past 33x, so the "noise" you're adding (1, 2, 3%) would also just be "noise" being removed, and you should be FI.
-
Right, I'm assuming 4%, 5% are not noise.
I suppose someone may be using the term much looser than I am, but if you overlay a chart with contributions and without, it's past what I'd call "noise" level until the contributions are quite small, meaning past FI.
If you have 1MM and the market goes up 5%, it's not "noise" IMO and if you contribute 50k, ditto.
Once you're at the "noise" level, why are you still working (again, except if you want to work, but no longer for money).
EDIT: Let's move it to hard numbers so we get less vague. I proposed if you're saving > 50% and it's just noise, you're FI. You seem to disagree. So maybe you can provide a number you would view as "noise" where someone is saving > 50% but is not FI?
If you disagree with me, why not provide a counter-example that shows my theory wrong?
-
Chiming in to monitor thread.
Investable assets at about $1.4mm, $2.1mm with house thrown in (live in HCOL area.) contributions are running at about 4% of portfolio, so a conservative estimate of portfolio growth over the next couple of years is about 8% per annum. At that rate it will probably take about 5 years to get to $2 mm...
-
I'm not saying your theory is wrong but just that it misses some subtlety here. Forgive me for being pedantic. It's because I'm a mathematician and noise has a very specific meaning but let me put it in more concrete terms.
Let's say the market goes up and down 1% per day due to noise. It could easily have a good or bad run and move 5% in a month. Even though that seems like a lot it's just noise. The fact that it bounces around doesn't really matter because in the long term it's trending upwards. The market noise averages out over time (it's a random variable with an average value of 0).
On the other hand let's say that in addition to your usual safe withdrawal rate you withdraw an extra 1% per annum. Per day that's only 1% / 356 = 0.003%. On any given day it's indistinguishable from the 1% noise in the market. You might say that it doesn't matter since it's so much smaller than the market noise.
However that extra 0.003% per day doesn't have an average of 0. It's always 0.003%. It stacks up day after day and causes you to withdraw 1% over your safe withdrawal rate per year and may ultimately cause you to deplete your stash.
So to do this properly we really need to talk about both the average value (mean) of the noise and it's standard deviation. Market variations from the long term trend have a large standard deviation (1% per day) but the average is 0 so they average out over time and don't matter if you take a long term view. Spending over your safe withdrawal rate on the other hand has a very small standard deviation (0 if you overspend the same amount every day) but the average value is negative causing all that overspending to stack up over a year and cause potential problems.
So even though spending or saving looks small on a daily basis compared to market fluctuations, it can have a much larger effect over time.
Let me make it even more concrete. With 2M in assets we can easily see a variation in net worth of $20k per day. This could easily be $50k a month. So the market noise is around $50k per month. Our savings rate is 80%. So we meet your criteria.
However if we overspend (or undersave) by $1600 per month it corresponds to a 1% higher withdrawal rate which would be an issue even though such a small amount seems like 'noise' compared to the $50k market fluctuations. We are not FIRE just yet although we will be soon.
This was my understanding. A 1600 a month contribution would seem to be noise on even a 500k portfolio, when viewed at a monthly level. Incorrect, but it could feel that way to the portfolio holder, when the market moves 12k that month.
-
I don't think further savings are irrevelevant by any means. However, as a metric, past a point tracking monthly net worth doesn't give meaningful information on how you are going.
That's why over time I've become more focussed on savings rate, absolute savings per month ($) and spend compared to passive cash flow.
-
I don't think further savings are irrevelevant by any means. However, as a metric, past a point tracking monthly net worth doesn't give meaningful information on how you are going.
That's why over time I've become more focussed on savings rate, absolute savings per month ($) and spend compared to passive cash flow.
Smart. Those are useful metrics.
-
Sorry, I tried to send arebelspy a PM and to post here, but apparently neither went through! *sigh*
I appreciate these different perspectives and metrics, and I want to apologize for including the term "noise" in my post, which I used from a former English major's perspective rather than a mathematician's.
Our savings rate is NOT above 50%. (This is now non-numbery I am: I still cannot tell the difference between the < and > signs, so I'm going to use "more than" and "less than"). We save 36% of my husband's gross income, but that includes the employer match and maxing out an HSA as well. We don't count the HSA in savings because we basically spend it every year (Enjoy your thirties, y'all!).
I earn anywhere from $15K-$20K a year doing contract editing work, but between 1099 taxes on that income and American Eagle jeans for our hasn't-stopped-growing-yet 15-year-old daughter, we don't tend to save much of that.
I'm working on dealing with the things I can control (daily expenses and choices) and not worrying so much about the things I can't (what the market's going to do in the near or far term).
-
Ah, sure, certainly that could appear as noise then. I think my first premise was savings rate >= 50%.
The neat thing is that right now time is working for you. As long as you have a positive savings rate (even if it was 1%), your stache is now doing the heavy lifting.
My point was to try and encourage those who have so much their contributions have begun to seem like insignificant noise to look at where they're at, because they may already have enough.
Good luck! :)
-
I'm working on dealing with the things I can control (daily expenses and choices) and not worrying so much about the things I can't (what the market's going to do in the near or far term).
This is an awesome attitude! I'm confident it will work out very well for you.
-
excellent thread.
Net worth at 1.65M. Hoping to get to over 2M by end of the year.
need to start using mint again to see everything in one place.
-
Other life "things" can get in the way or ER'ing even if it looks like you're FI.
As older parents with kids in college and high school, we see these education costs which exceed what we'd normally spend for ourselves in a year. This is the reason I continue to work. When son #1 graduates college, I'll feel there's light at the end of the tunnel. For "normal" parents at my age, the kids would already be on their own.
-
Other life "things" can get in the way or ER'ing even if it looks like you're FI.
As older parents with kids in college and high school, we see these education costs which exceed what we'd normally spend for ourselves in a year. This is the reason I continue to work. When son #1 graduates college, I'll feel there's light at the end of the tunnel. For "normal" parents at my age, the kids would already be on their own.
I hear you! I'm 52 with a 15-year-old. Just the one but even so, I will probably not relax at all about finances until we know what her college costs will be.
-
Other life "things" can get in the way or ER'ing even if it looks like you're FI.
As older parents with kids in college and high school, we see these education costs which exceed what we'd normally spend for ourselves in a year. This is the reason I continue to work. When son #1 graduates college, I'll feel there's light at the end of the tunnel. For "normal" parents at my age, the kids would already be on their own.
I hear you! I'm 52 with a 15-year-old. Just the one but even so, I will probably not relax at all about finances until we know what her college costs will be.
Us too! One 18 year old high school senior and one 15 year old. Looking into colleges is a pretty sobering thing.
-
excellent thread.
Net worth at 1.65M. Hoping to get to over 2M by end of the year.
need to start using mint again to see everything in one place.
Wow. Awesome! Let us know if you reach your goal! Rooting for you.
-
Other life "things" can get in the way or ER'ing even if it looks like you're FI.
As older parents with kids in college and high school, we see these education costs which exceed what we'd normally spend for ourselves in a year. This is the reason I continue to work. When son #1 graduates college, I'll feel there's light at the end of the tunnel. For "normal" parents at my age, the kids would already be on their own.
I hear you! I'm 52 with a 15-year-old. Just the one but even so, I will probably not relax at all about finances until we know what her college costs will be.
Us too! One 18 year old high school senior and one 15 year old. Looking into colleges is a pretty sobering thing.
Back when I was in college, I looked at things compared to the price of a pizza and beer (drinking age 18 back then). Now I look at each kid's college as a Lamborghini Huracan. First one is right about on target. 2nd one's 16 (I turn 60 next Monday). We've expected this all along, though, so were ready.
-
Are y'all including equity in your primary residence as part of the net worth numbers you're posting or not? Wondering if I should be in this thread or stay in the race-from-$500k-1m one I'm already in. We're well past $1m if you include our home equity, but under $1m if you don't.
Happy racing!
-
Are y'all including equity in your primary residence as part of the net worth numbers you're posting or not? Wondering if I should be in this thread or stay in the race-from-$500k-1m one I'm already in. We're well past $1m if you include our home equity, but under $1m if you don't.
Happy racing!
Don't have a primary residence, so no. But if I had one, yes, I'd count it. Still part of net worth (even if it's not a part of your portfolio for ER purposes, other than as a possible reduction in expenses).
-
Are y'all including equity in your primary residence as part of the net worth numbers you're posting or not? Wondering if I should be in this thread or stay in the race-from-$500k-1m one I'm already in. We're well past $1m if you include our home equity, but under $1m if you don't.
Happy racing!
I didn't. Neither did the OP, so I took the same approach.
-
Are y'all including equity in your primary residence as part of the net worth numbers you're posting or not? Wondering if I should be in this thread or stay in the race-from-$500k-1m one I'm already in. We're well past $1m if you include our home equity, but under $1m if you don't.
Happy racing!
I didn't. Neither did the OP, so I took the same approach.
There has been MAJOR debate about this on other threads.
I said heck with it and always just break out the total with residence and without residence.
-
Are y'all including equity in your primary residence as part of the net worth numbers you're posting or not? Wondering if I should be in this thread or stay in the race-from-$500k-1m one I'm already in. We're well past $1m if you include our home equity, but under $1m if you don't.
Happy racing!
I didn't. Neither did the OP, so I took the same approach.
Same, way I look at it, it's still an asset, so I break it out, total net worth and investible
There has been MAJOR debate about this on other threads.
I said heck with it and always just break out the total with residence and without residence.
-
Are y'all including equity in your primary residence as part of the net worth numbers you're posting or not? Wondering if I should be in this thread or stay in the race-from-$500k-1m one I'm already in. We're well past $1m if you include our home equity, but under $1m if you don't.
Happy racing!
I didn't. Neither did the OP, so I took the same approach.
There has been MAJOR debate about this on other threads.
I said heck with it and always just break out the total with residence and without residence.
In the 'stache measuring contests, I would probably use the method that would make mine look as big as possible.
-
Are y'all including equity in your primary residence as part of the net worth numbers you're posting or not? Wondering if I should be in this thread or stay in the race-from-$500k-1m one I'm already in. We're well past $1m if you include our home equity, but under $1m if you don't.
Happy racing!
I didn't. Neither did the OP, so I took the same approach.
There has been MAJOR debate about this on other threads.
I said heck with it and always just break out the total with residence and without residence.
In the 'stache measuring contests, I would probably use the method that would make mine look as big as possible.
It's not the size of the 'stache that matters, it is how you use it...
Somewhat seriously, I live in a HCOL area, so a big chunk of my net worth is tied up in the house. But I don't particularly want to move, so it is hard for me to realize value from it, other than the obvious one of having a place to live. So it is more relevant to my financial needs to exclude it.
-
It's not the size of the 'stache that matters, it is how you use it...
Well said. I've seen people with 500k staches put it to much better usage in their life than some with 2MM+.
-
It's not the size of the 'stache that matters, it is how you use it...
Well said. I've seen people with 500k staches put it to much better usage in their life than some with 2MM+.
Yep - totally agree!
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
And at $1.2M at 1/31/2017
Presumably this particular rally will end sooner or later, it won't be as long as I thought if it keeps up like this (not that I expect it to)
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
And at $1.2M at 1/31/2017
Presumably this particular rally will end sooner or later, it won't be as long as I thought if it keeps up like this (not that I expect it to)
Nice!
-
Well, it looks like I can now claim $2M, using my criterion that it only includes investable assets. Updated my spreadsheet and I'm at $2,006,000, so just over the mark. I have RSUs, pay and ESOP coming up in the next month, so since I'll invest a good portion of that, it should make this number stick. My spread sheet shows net worth and it's right at $2.6M.
No, I'm not retired. Son #1 in college that I'm funding. Son #2 will enter college as he finishes. Mostly, however is that my wife is totally freaked about me retiring. She grew up in a blue collar household where her dad was constantly being laid off as his trade went obsolete (worked in a print shop after going to trade high school, and it shut down, then a small steel mill which closed and finally after a couple years out of work for the city). I sat down with her one night to figure out what number she would be comfortable with me calling it quits. $2M? No. $10M? No. $100M? No. $100B??? No. So I've concluded that she'll never be comfortable, so I've targeted 2 years from now.
-
Not so long ago it took years to roll another 100k. Now we roll another 100k witin a year or less. VTSAX is in control.
-
Well, it looks like I can now claim $2M, using my criterion that it only includes investable assets. Updated my spreadsheet and I'm at $2,006,000, so just over the mark. I have RSUs, pay and ESOP coming up in the next month, so since I'll invest a good portion of that, it should make this number stick. My spread sheet shows net worth and it's right at $2.6M.
No, I'm not retired. Son #1 in college that I'm funding. Son #2 will enter college as he finishes. Mostly, however is that my wife is totally freaked about me retiring. She grew up in a blue collar household where her dad was constantly being laid off as his trade went obsolete (worked in a print shop after going to trade high school, and it shut down, then a small steel mill which closed and finally after a couple years out of work for the city). I sat down with her one night to figure out what number she would be comfortable with me calling it quits. $2M? No. $10M? No. $100M? No. $100B??? No. So I've concluded that she'll never be comfortable, so I've targeted 2 years from now.
It's awesome that you and your wife were able to come to a compromise.
-
Keep the incredible stories of sucess coming. Dreams are being fulfilled.
-
Broke 1.3 this week and our rolling 12mo gain is 387k thanks to a great year of investing and 50k from a house sale.
-
Broke 1.3 this week and our rolling 12mo gain is 387k thanks to a great year of investing and 50k from a house sale.
That's impressive. Did you have to take a lot of risk for that amount of gain?
-
I have about $1.4 m in investments plus a defined benefit pension that will start in a little less than 4 years. The pension will be about about $42k per year. So where does that put me in the race? Also have debt free home worth about $550k but let's not count that.
-
1 to 2 sure seems easier than 0 to 1.
I hit 1m at the end of 2013, am at 1.4 now. Really 1.9 assets but need to shave some debt.
-
Broke 1.3 this week and our rolling 12mo gain is 387k thanks to a great year of investing and 50k from a house sale.
That's impressive. Did you have to take a lot of risk for that amount of gain?
No more risk than anyone else, all my investments are 100% stocks. We saved 56k in the 401k's, 11k in Roth, 20k in company stock, 50k from the house sale, and 24k in taxable. The rest was investment gains, I think I was up 17% or so on the year
-
Officially halfway to the 2 mark, solidly crossed the 1.5 barrier. Accounts went up 50k this month, I remember when we first started, it would take more than a year for an increase of that size (most all of it contributions, I think the savings in our very first year was like 18k), to see it happen in one month flabbergasts me. Also makes me nervous because if it can go up 50k in a month, it can go down 50k in a month.
-
You have to keep the 50K in mind as a minor percentage of Net Worth, not as a (presumably) major fraction of annual income.
Breathe deep and repeat.... it's only a small percentage.....
-
You have to keep the 50K in mind as a minor percentage of Net Worth, not as a (presumably) major fraction of annual income.
Breathe deep and repeat.... it's only a small percentage.....
Lol, yea that's pretty much what I've been saying to myself but it's like the realization finally set in that our money is in control now. That our contributions each year will mean less and less going forward. Especially when starting out I remember reading that, and I kind of always thought "yea right, we won't hit that point"
-
I have about $1.4 m in investments plus a defined benefit pension that will start in a little less than 4 years. The pension will be about about $42k per year. So where does that put me in the race? Also have debt free home worth about $550k but let's not count that.
I've seen people use the "180" pension conversion formula to figure out how much their pension is worth. The formula is this: monthly pension amount x 180 = what the pension is worth.
So if your pension pays you $42K a year that is $3,500 per month. $3500 x 180 = $630,000.
Your pension is worth $630,000.
Somebody please correct me if I'm off base here.
-
I have about $1.4 m in investments plus a defined benefit pension that will start in a little less than 4 years. The pension will be about about $42k per year. So where does that put me in the race? Also have debt free home worth about $550k but let's not count that.
I've seen people use the "180" pension conversion formula to figure out how much their pension is worth. The formula is this: monthly pension amount x 180 = what the pension is worth.
So if your pension pays you $42K a year that is $3,500 per month. $3500 x 180 = $630,000.
Your pension is worth $630,000.
Somebody please correct me if I'm off base here.
Why 180? Seems really arbitrary (15 years x 12 mo/yr = 180).
Really depends on the details of the pension, too. Is it COLA adjusted?
I'm not a fan of that "multiply by 180" thing. Never heard of it, and can't fathom where it'd come from, or how a blanket number would apply to all.
To get the value of a pension, if it has a cash out value, use that. If not, I'd either:
1) Price an annuity that pays the same as the pension, and value it at that, or
2) Do a NPV of the income stream based on actuarial tables for lifespan.
Both are valid, IMO.
-
I'll get a small pension, and the way I am valuing it is:
[Pension in today's $]*25* 1.04^-[number of years till I can draw the pension]
So, for example I am 45 and can get my pension at 55. It is worth $13,000 a year in today's dollars and is indexed to CPI. It will pay until I die. So I value it as
$13,000*25*(1.04)^-10 = $219,500.
I feel that this method is consistent with the 4% rule.
Each year the future payout gets inflated by CPI and the discount gets reduced when I value my stash. So let's say this year we have 3% inflation, then my pension increases to $13,390 and I would value the pension as
$13,390*25*1.04^-9 = $235,190.
Once I get to 55 I won't value it this way. I'll just reduce the spending I am trying to cover by the pension I have, just like my house (ie: I don't include the house and I don't include rent expense).
But for now, I like to include the pension in my stash calculations as it just makes for simple comparisons with my expenditure budget, and required withdrawal rate, particularly as I won't get the pension for 10 years, so it's value needs to be discounted.
-
I suppose, that given that there s almost zero risk of not receiving the pension (as it is not at the whims of the market and sequence of return risk) I could potentially use a higher multiple than 25, amd retire sooner.
-
I suppose, that given that there s almost zero risk of not receiving the pension (as it is not at the whims of the market and sequence of return risk) I could potentially use a higher multiple than 25, amd retire sooner.
Now, see, I think there's a HUGE risk of not receiving the pension. My mister's DB pension is "guaranteed" (in some portion, read the fine print, yadda yadda) by the PBGC, but even so I think there's some chance he gets to 65 in 13 years and they go, "Well, we had good intentions, but..."
-
I am very confident that my pension from a defined benefit scheme has zero risk of non-payment. The scheme is closed now. It was an old superannuation scheme for govt. employees.
I guess Not all pensions are created equal.
-
With 2 months notice, my Semi-Big Corp defined benefit pension is now "frozen". I'm glad I didn't take the future projections seriously. I didnt even bother including the immediate payout value 5k/year since it is so paltry, into my FIRE calculations.
a retire at 55,pay 19k at 60 became 18k at 65.
hhmmm... I wonder if personnel retention will be effected? :-)
What is most galling, is that this and other penny-pinching measures are needed to fix a $Billion(s) F$&@up by upper "management" for lack of due diligence.
-
Ouch. That sucks. I imagine some peeps have lost out big time. Hopefully they sort out their shit amd your entitlements are paid.
-
They have basically switched all of us to the post-2013 new hire defined contribution scheme ( not a 401K, but similar) of 3% of salary. Not sure how it saves Semi-BigCorp money. Not my problem ( have FU Money).
-
I hope to join this race sometime in mid-late 2018.
-
Looks like we've crested 1.7M without real estate. Could cheat and claim 2M total NW but, 2M is my number for invested assets. Without a recession we should be on a glidescope to FIRE 2019.
-
Besides the fact that it's rude to judge others on their goals, those who think $2 million is way more than they'd ever need to save for retirement also ought to take into account the effect of inflation. It's all well and good to want to retire on $750k in current dollars. But if you're in your 30s or even your 40s at FIRE, you could easily have a 50-60 year retirement life expectancy. Over that time, your $750k will need to become much greater as your money becomes worth less. In fact, you would likely need to exceed the $1 million mark within a decade or so after FIRE, depending on what you assume for a rate of inflation.
My goal for FI is $800k in 2015 dollars, and I am assuming a 3.5% inflation rate. This means that I will need to have accumulated $1 million in 2022, and $2 million within about 27 years. Since I'm only 41 now, yes, I intend to live long enough to need to accumulate $2 million. And I won't even be collecting SS yet when I do!
I'm with you and Metric Mouse, more is better unless you really can't stand your job. I'm older semi retired and my wife plans on working 5 more years, mostly to put my daughter through dental school
(about $250,000), I don't expect we will save anything during the next 5 years but I hope to be at $2M by then on market growth and the 2% dividends from VTSAX.
-
I really think 2M is a good goal for most. I would hate leaving a high paying field in middle age when I lack the passive income to live comfortable, with health care and able to travel.
-
I really think 2M is a good goal for most. I would hate leaving a high paying field in middle age when I lack the passive income to live comfortable, with health care and able to travel.
Yes, obviously higher than most a seeking, and I suspect the kids will get
a nice inheritance. But not a bad place to be, especially with the this healthcare
problem hanging over us.
On healthcare, it's not about who pays for it, it's about reducing the cost of care.
That may mean a reduced quality of care and some delay in care,
but that could still be quality care.
-
I have a very small pension that if I waited till 65, would be about $300 a month. I could take lump sum right now of $53,000. This is from a private company and the money is sitting in Fidelity (shows in my account as the current company name pension). Even still, I have zero trust in pensions. I don't know if it's 100% funded or 10% funded. In my retirement planning, I consider it to be zero. I suppose if I had to depend on it, I would be best to take the lump sum now. Maybe I should look into it further because I think I can actually roll it into one of my IRAs.
-
I have a very small pension that if I waited till 65, would be about $300 a month. I could take lump sum right now of $53,000. This is from a private company and the money is sitting in Fidelity (shows in my account as the current company name pension). Even still, I have zero trust in pensions. I don't know if it's 100% funded or 10% funded. In my retirement planning, I consider it to be zero. I suppose if I had to depend on it, I would be best to take the lump sum now. Maybe I should look into it further because I think I can actually roll it into one of my IRAs.
Car Jack, is the company part of the PBGC program? It's like the FDIC for pensions (not literally, but analogously). If your company participates in the PBGC, a portion of your pension would be "guaranteed".
We are rolling the dice on a pension as well - one that would provide $27K/year but is NOT adjusted for inflation. We were offered a lump sum that appeared to be about half of what the eventual value should be. We decided to stick with the eventual annuity instead. We'll see how that turns out in 12 years.
-
Posting to join in. We are at 1.09 and market willing, we'll be in this group a while. I feel like we need a plan to go up from here, but my primary goal is to have our home mortgage paid off within 12-18 months. Then it will be a game of reducing expenses and learning about actual FIRE living.
-
Car Jack, is the company part of the PBGC program? It's like the FDIC for pensions (not literally, but analogously). If your company participates in the PBGC, a portion of your pension would be "guaranteed".
We are rolling the dice on a pension as well - one that would provide $27K/year but is NOT adjusted for inflation. We were offered a lump sum that appeared to be about half of what the eventual value should be. We decided to stick with the eventual annuity instead. We'll see how that turns out in 12 years.
Learn something new every day, I guess. I looked into the plan documents (at Fidelity...easy to find) and not only is it a PBGC plan, it's well over 100% funded. I guess opposite world of how some state pension plans work.
-
Car Jack, is the company part of the PBGC program? It's like the FDIC for pensions (not literally, but analogously). If your company participates in the PBGC, a portion of your pension would be "guaranteed".
We are rolling the dice on a pension as well - one that would provide $27K/year but is NOT adjusted for inflation. We were offered a lump sum that appeared to be about half of what the eventual value should be. We decided to stick with the eventual annuity instead. We'll see how that turns out in 12 years.
Learn something new every day, I guess. I looked into the plan documents (at Fidelity...easy to find) and not only is it a PBGC plan, it's well over 100% funded. I guess opposite world of how some state pension plans work.
That's awesome, Car Jack!
-
The thing about health care is --- make sure you are taking care of yourself so you are low-risk. Maintain a healthy weight, get your cardio exercise regularly, strength train for a strong core and back, meditate, reduce stress in your life, sleep and eat well, limit alcohol ad sugar, work smart so you don't get injured doing chores, drive carefully, etc. etc. etc. Prevention is huge and it's all in your control to live as healthy as possible. That's the great part of it.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
And at $1.2M at 1/31/2017
Presumably this particular rally will end sooner or later, it won't be as long as I thought if it keeps up like this (not that I expect it to)
$1.235M for 3/31/2017 at the end of the quarter.
Not bad for not working. I keep saying it can't last much longer!
-
$1.235M for 3/31/2017 at the end of the quarter. Not bad for not working. I keep saying it can't last much longer!
Well done. Gotta be great to see the stash still growing after having given the finger to the rat race.
23+% return in 10 months ? Imagine if it was indicative though... ha ha...
-
At about $1.46M this week. I expect us to clear $1.6M this year.
And yeah....the compounding is nice. $1M -> $2M is certainly a ton easier than $0 -> $1M. From other threads I have read the subsequent millions are easier and easier with more compounding. Gotta love that 8th wonder of the world.
-
$1.235M for 3/31/2017 at the end of the quarter. Not bad for not working. I keep saying it can't last much longer!
Well done. Gotta be great to see the stash still growing after having given the finger to the rat race.
23+% return in 10 months ? Imagine if it was indicative though... ha ha...
And we are relatively conservative compared to some people here (about 80% equities, 20% bonds/cash/fixed income). Our equities are evenly split US and international, the latter has been quite under performing. I can only imagine what's been happening to someone's portfolio who is 100% US stocks!
I don't intend on changing anything, stay the course and not chase returns. I also mentally imagine a 20% drop so hopefully I will be ok with the shock when that happens!
-
And we are relatively conservative compared to some people here (about 80% equities, 20% bonds/cash/fixed income). Our equities are evenly split US and international, the latter has been quite under performing. I can only imagine what's been happening to someone's portfolio who is 100% US stocks!
I don't intend on changing anything, stay the course and not chase returns. I also mentally imagine a 20% drop so hopefully I will be ok with the shock when that happens!
Our allocation is wayy more conservative. But we are pretty much done with the accumulation phase and I am still working part time so, different strokes. If I was in your situation, I would definitely have just about the same strategy.
Preparing for the inevitable decline is what smart, prepared people do. Get ready for: "Don't just do something, stand there"
There has been a lot of speculation lately about what the first significant market downturn will do to all the newly minted indexers who have only seen a bull market. I think if they can remember their fundamentals and STAY CALM that they will be fine.
-
We closed March with 1.144k but I found out I will be losing my job in the near future. We are saving more in cash as a result. Timeline is unknown. I could lose the job in 3 months to 12 months. I'm ready to go. Just wishing for big package!
-
p.s. Never understand why people post childish denigrations in threads like this ? Jealousy ? To make themselves feel better maybe ? Remember, there are always those better off than you and also worse off than you. Really, feel free to live your own life and let others live theirs or feel free to STFU.
Are you ok? Anger won't solve this. Let it go... you can't argue with the internet.
I think Koogie may have been referring to Chesbert's snark upthread. I agree with both points of view. You can't argue with the Internet, but you can certainly address haters here on the forum. It helps keep this site the civilized miracle that it is. Knowing who is defeatist, bitter and to be avoided Is quite helpful.
-
Are y'all including equity in your primary residence as part of the net worth numbers you're posting or not? Wondering if I should be in this thread or stay in the race-from-$500k-1m one I'm already in. We're well past $1m if you include our home equity, but under $1m if you don't.
Happy racing!
I didn't. Neither did the OP, so I took the same approach.
There has been MAJOR debate about this on other threads.
I said heck with it and always just break out the total with residence and without residence.
In the 'stache measuring contests, I would probably use the method that would make mine look as big as possible.
Pre-FIRE, I counted everything. Post-FIRE, not so much. If I included RE in our crazy HCOLA, I'd be graduated from this thread. Without it, we're comfortably cruising toward $2M.
-
I tallied up the numbers from the previous quarter, and I'm currently at $1,170,265.65.
-
And we are relatively conservative compared to some people here (about 80% equities, 20% bonds/cash/fixed income). Our equities are evenly split US and international, the latter has been quite under performing. I can only imagine what's been happening to someone's portfolio who is 100% US stocks!
I don't intend on changing anything, stay the course and not chase returns. I also mentally imagine a 20% drop so hopefully I will be ok with the shock when that happens!
Our allocation is wayy more conservative. But we are pretty much done with the accumulation phase and I am still working part time so, different strokes. If I was in your situation, I would definitely have just about the same strategy.
Preparing for the inevitable decline is what smart, prepared people do. Get ready for: "Don't just do something, stand there"
There has been a lot of speculation lately about what the first significant market downturn will do to all the newly minted indexers who have only seen a bull market. I think if they can remember their fundamentals and STAY CALM that they will be fine.
We have also gone towards more conservative allocations in our 'old age' ( mid-40s )... :-)
I took a peek and we are currently around 1.65M NOT including paid-off house....1.95M including the house.
I certainly do expect some sort of correction 'soon'...but as always, nobody can read the future. I'm also interested in what will happen to the average 100% stock indexer ( note I said 'average'...I don't think most here are 'average' investors ). So in theory the folks here should be better mentally prepared for a downturn. However, we have been through 'the crash' and saw many, many people who thought they were prepared but in reality...not so much. Stay calm folks.
-
I really think 2M is a good goal for most. I would hate leaving a high paying field in middle age when I lack the passive income to live comfortable, with health care and able to travel.
It is. once you get in this group I would(and am) start building passive assets that can support you until it meets expenses, then you can let your money grow on it's own and work if you want to. Mine projects out to over 10mil now doing that just not adding another dime by the time I would normally retire and I do not really want to retire early, I like my job and career; but I do want to get to where I no longer need an income and can just live off my assets in case something happens where I can no longer work in my 40s or above.
-
I really think 2M is a good goal for most. I would hate leaving a high paying field in middle age when I lack the passive income to live comfortable, with health care and able to travel.
It is. once you get in this group I would(and am) start building passive assets that can support you until it meets expenses, then you can let your money grow on it's own and work if you want to. Mine projects out to over 10mil now doing that just not adding another dime by the time I would normally retire and I do not really want to retire early, I like my job and career; but I do want to get to where I no longer need an income and can just live off my assets in case something happens where I can no longer work in my 40s or above.
Joining.
Mint puts me at $1.625MM today including my primary residence... If I remove that equity I'm at about $1.4MM invested. I should be able to get to 2MM invested in about 4-5 years if the market plays nice.
However, my mortgage still has about 12 years left.. and I work from home so my job is not high-stress... so I will probably keep chugging along for a bit past 2MM - Would actually like to see the PseudoStache turn into 3MM invested before I call it quits... but if life gets in the way... or I start hating or lose my job, I'll FIRE with a little a little real estate investing on the side.
-
We're at about $1.56M including home equity of about $170K. Currently adding at least $100 - $200K to that balance annually. Hope to hit the $2M mark within the next couple years. Goal is about $2.5M with a paid off house.
-
We're at about $1.56M including home equity of about $170K. Currently adding at least $100 - $200K to that balance annually. Hope to hit the $2M mark within the next couple years. Goal is about $2.5M with a paid off house.
We have roughly the same goals. We've been able to do a bit better adding about $250k/year recently, but I can see this decreasing some in future years.
-
We're at about $1.56M including home equity of about $170K. Currently adding at least $100 - $200K to that balance annually. Hope to hit the $2M mark within the next couple years. Goal is about $2.5M with a paid off house.
We have roughly the same goals. We've been about to do a bit better adding about $250k/year recently, but I can see this decreasing some in future years.
Yeah, we're a aiming a little lower, but in the ball park. We're Looking for about $1.7M USD (we're Australian) plus a paid off house. We will buy the house post-fire, and are setting a budget of $500K USD for that. We are just about to pass the $2M USD mark (we passed $2.5M AUD past month) so now just $300K USD or thereabouts to go. Less than 2 years and we'll be done if markets behave.
-
so now just $300K USD or thereabouts to go. Less than 2 years and we'll be done if markets behave.
Isn't it absurd that what you just said sounds so normal... like it ain't no thang.
It's like, "Doesn't everyone grow their net worth by $300k in two years?"
-
I am struggling with the passive assets thing. Of course we're new into this group and our I'm including our home in our NW, so we are around $850 invested and $150k home equity, roughly. It is nice to see how your 'staches are growing! A few years ago I was interested in real estate and started to learn about that but it's probably not our calling. What are your categories of passive income and how are you making them work for you?
-
so now just $300K USD or thereabouts to go. Less than 2 years and we'll be done if markets behave.
Isn't it absurd that what you just said sounds so normal... like it ain't no thang.
It's like, "Doesn't everyone grow their net worth by $300k in two years?"
Yeah....people on this forum are definitely leading a charmed existence.
-
so now just $300K USD or thereabouts to go. Less than 2 years and we'll be done if markets behave.
Isn't it absurd that what you just said sounds so normal... like it ain't no thang.
It's like, "Doesn't everyone grow their net worth by $300k in two years?"
Yeah....people on this forum are definitely leading a charmed existence.
My guess would be "most people" don't know what Net Worth is in general, let alone know how or care to measure their own.
What doesn't get measured can't be managed :)
-
Just letting you know that the race from 2M to 3M is waiting for us all. I'm here till investment assets crest 2M, although I'd estimate NW has moved beyond 2M. You guys are coming? Right?
-
Just letting you know that the race from 2M to 3M is waiting for us all. I'm here till investment assets crest 2M, although I'd estimate NW has moved beyond 2M. You guys are coming? Right?
I hope so. I'm probably 1-2 years behind you.
-
Just letting you know that the race from 2M to 3M is waiting for us all. I'm here till investment assets crest 2M, although I'd estimate NW has moved beyond 2M. You guys are coming? Right?
<reaches hand out> Come on, you're almost there......
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$2m-to-$3m/
-
Just letting you know that the race from 2M to 3M is waiting for us all. I'm here till investment assets crest 2M, although I'd estimate NW has moved beyond 2M. You guys are coming? Right?
<reaches hand out> Come on, you're almost there......
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$2m-to-$3m/
Thanks for the warm welcome Carjack. NW rising quickly now. Be there with ya soon.
-
It's astounding how quickly the stache starts to grow once you hit a certain point. I hadn't really looked how much our stache had grown year over year until responding to this post. It jumped close to $250K over the last year . . of course the market helped a lot . . but still . . . I remember when my goal in total was $250K and now I'm growing that much a year!
-
Close to $1.3M invested, about half of that in IRA's that we are 15 years away from being able to touch. We already downsized and escaped the expensive NY metro area so we are mortgage free with low property/school taxes with views of farmland and smells of cows. I don't tend to count home value in NW.
My SO pulled the plug on the day job and is now running a part-time at home business. I also work from home and get paid well to do it. Since we are still tied to home with our cats, we have a few years before we can hit the open road for extended trips. So I figure I may as well work.
I was ready to stop working when we hit the $1M, but having more doesn't seem like a bad thing. I'm not sure the $2M will be the endgame. I'd like to opt out before then. Although it would be a nice cushion. See why I'm still working, I'm indecisive. I'll never pursue more workload for my current day job, but if existing clients want to keep paying me, I'm going to ride it out for a bit.
Another interesting opportunity that I want to look into is my neighbor with the very poorly maintained house and yard says he's moving out. I think they are just looking to cover what they owe. If I could get it for what they owe, I think it could be solid investment. Plus I can clean up the yard.
-
Currently at:
$1.44M - tax-advantaged accounts + a lump sum pension available to pull when I retire
we also have 3 other pension accounts which will provide annuity income ... probably about $54K/yr
I would love to get to $2M but ... I plan to retire in 2019 either way.
-
Love hearing all the responses. I think that 2M invested is actually a real life changing point. Crossing 1M broke the chains of depending upon any job if you so choose. You can take gap years, take lesser paying jobs you'll love, move to where you want to live or choose to live frugal and happy never working again. 2M gives you what I call projection power. Working further is truly a personal choice. You can be ultraconservative with withdrawal rate and still live a luxurious life. You've likely guaranteed legacy funds for the heir or charity of choice. Your stash will likely rise perpetually. The happiness level of $75,000 annually is within 4% withdrawal rate. Inflation will move this point in time to 3, 4 or 5 million for sure. For the present I think 2M is the sweet spot. It's not too hard to reach on an average salary if dedicated early in life.
-
Crested $1.2 million today. Next stop is $1.3.
-
Crested $1.2 million today. Next stop is $1.3.
You sound like me. :D that "7" spot takes a loooooong time to move but the "6" spot can click in with some good market days in a row (like this week). I might splurge on a stash comb this week.
-
Didn't see this thread until today, our FIRE Networth crossed $1M in February 2017. This ignores the house, the mortgage, and the college funds; so just counts the bank accounts, pre- and post-tax retirement accounts, and the vested portion of my deferred compensation account. Assuming our jobs hold and barring unforeseeable disaster, we plan on directly adding about $150k/yr to the FIRE Net Worth, so assuming 7% yearly nominal market growth, we should cross the $2M threshold in about 4 years, although I like to think we are being a bit conservative, both in expected returns as well as being in a position to add more than $150k in the future. Pretty good number in line with some of you all, but it still depresses me a little because 1) I won't cross $2M before I need to re-certify for my boards [although good sense tells me I should do that anyway to have something to fall back on if I need to go back to earning $], 2) my youngest will still be almost half way to adulthood, and 3) $2m is not our final number. So to be honest I'm banking a little on being pleasantly surprised.
-
Update on our situation: We are in contract to buy a house! We are both very excited about that and looking forward to moving in. The bummer side of it was that I had to move a bunch of $ out of Vanguard for the down payment, so our invested assets are only around $1.3+ now. It is a little sad to see that number drop, though it is for a good cause. I won't be included house equity in our numbers since our plan is to stay long-term.
-
Crested $1.2 million today. Next stop is $1.3.
You sound like me. :D that "7" spot takes a loooooong time to move but the "6" spot can click in with some good market days in a row (like this week). I might splurge on a stash comb this week.
Yessir! Love the effects of compounding!
-
Crested $1.2 million today. Next stop is $1.3.
Congrats Cornbread. I am 100k behind you. Maybe I will rob a bank this weekend. If I do I will make sure to take at least 101k haha
-
Congrats Cornbread. I am 100k behind you. Maybe I will rob a bank this weekend. If I do I will make sure to take at least 101k haha
lol! Well, I plan to contribute money for the next two years until I FIRE. Then all contributions will stop.
-
$1.235M for 3/31/2017 at the end of the quarter. Not bad for not working. I keep saying it can't last much longer!
Well done. Gotta be great to see the stash still growing after having given the finger to the rat race.
23+% return in 10 months ? Imagine if it was indicative though... ha ha...
And we are relatively conservative compared to some people here (about 80% equities, 20% bonds/cash/fixed income). Our equities are evenly split US and international, the latter has been quite under performing. I can only imagine what's been happening to someone's portfolio who is 100% US stocks!
I don't intend on changing anything, stay the course and not chase returns. I also mentally imagine a 20% drop so hopefully I will be ok with the shock when that happens!
Another month of not working, and more large increases. I won't bore with the numbers, but it is getting to the point where I worry a bit about this long sustained period of outsized returns. I don't know what else to do except stay the course.
I'm worried, in theory, but don't have a better alternative! Guess the best thing to do is forget about it and stay the course.
-
$1.235M for 3/31/2017 at the end of the quarter. Not bad for not working. I keep saying it can't last much longer!
Well done. Gotta be great to see the stash still growing after having given the finger to the rat race.
23+% return in 10 months ? Imagine if it was indicative though... ha ha...
And we are relatively conservative compared to some people here (about 80% equities, 20% bonds/cash/fixed income). Our equities are evenly split US and international, the latter has been quite under performing. I can only imagine what's been happening to someone's portfolio who is 100% US stocks!
I don't intend on changing anything, stay the course and not chase returns. I also mentally imagine a 20% drop so hopefully I will be ok with the shock when that happens!
Another month of not working, and more large increases. I won't bore with the numbers, but it is getting to the point where I worry a bit about this long sustained period of outsized returns. I don't know what else to do except stay the course.
I'm worried, in theory, but don't have a better alternative! Guess the best thing to do is forget about it and stay the course.
Yep..just stay the course. Just don't freak out when the inevitable downturn happens!
-
I am still working, but when I look at the gains that have been rolling in, I start to wander why I am bothering.
Then I remember 20% annualized gains are not the norm, nor sustainable. Back to head down bum up for a little longer.
-
I'm in! Sort of....
As of this month, our invested assets plus cash on hand = >1MM! BUT, that's Canadian dollars... however, if you include our paid off house, then it is back to the 1MM USD mark! =) If all agree, I'd love to join!
Last year I went to part time work, joining my husband in his "semi-retirement", so the progression to 2MM will be much slower than some - I'm thinking around 10 years, at which point I suspect my husband will retire. I'm not sure what I'll do - for the most part I love my job, so we'll see how worn out I am in another 10 years! =)
I'm in the process of investing my tax return in ETFs and once I'm comfortable using the Questrade platform and figure out how to rebalance etc, I'll be switching over my investments from a financial planner (with an MER of >2.25%!) to ETFs with MERs between 0.18 and 0.35 - I'm following the Canadian Couch Potato portfolio recommendations.
-
Just letting you know that the race from 2M to 3M is waiting for us all. I'm here till investment assets crest 2M, although I'd estimate NW has moved beyond 2M. You guys are coming? Right?
Nah, I hope not.... well not actively anyways. If I get lucky and I spend less than my passive income post Fire, then maybe I will get there in real dollars. I should get there in nominal $ or I will run into problems 20 years or more from now.
-
Just letting you know that the race from 2M to 3M is waiting for us all. I'm here till investment assets crest 2M, although I'd estimate NW has moved beyond 2M. You guys are coming? Right?
I'll definitely keep tabs on my numbers in the future but with the focus on estate planning.
-
I'm in! Sort of....
As of this month, our invested assets plus cash on hand = >1MM! BUT, that's Canadian dollars... however, if you include our paid off house, then it is back to the 1MM USD mark! =) If all agree, I'd love to join!
Methinks you fit this thread just fine.
-
I'm in! Sort of....
As of this month, our invested assets plus cash on hand = >1MM! BUT, that's Canadian dollars... however, if you include our paid off house, then it is back to the 1MM USD mark! =) If all agree, I'd love to join!
Methinks you fit this thread just fine.
Our house is paid off and that's what I'm doing...why? Because I want to. ;-). There are no 'net worth police' here..for the most part.
-
There are no 'net worth police' here..for the most part.
Good stuff ;-)
-
Hello! I'm happy to join this forum. We reached $1M in Nov 2016 (all investable assets in tax deferred accounts, no home equity included). It feels good to have finally reached this point. We've been married 15 years and I think we had a total of about $100K when we met. They say the first million is the hardest! We're up to $1.09M as of March 2017. I'm secretly hoping for a market correction so we can pour some money into the market at a lower cost basis.
Back in 2007-2008 we had a newborn baby and I was a stay at home mom... so we couldn't ramp up our savings to take advantage of the stock sale. We stayed the course and kept maximizing my husband's 401k and it's turned out pretty well. Now if we had a correction, we would make the most of it. Of course it would hurt to drop below $1M, but we're used to the ups and downs.
Our general plan is to have my husband quit work after we get to $2M. I'll work 2-3 more years after that... until our son goes to college. We want to rent out our house and hike the Appalachian Trail.
-
I'm secretly hoping for a market correction so we can pour some money into the market at a lower cost basis.
I think along the same lines having been able to take advantage of the tech bubble burst and the Great Recession by simply staying the course. Getting more shares at a lower cost basis from a market correction would be another great boost for me. I have the wherewithal to ride out another downturn.
-
I'm a little late to this party. We crossed $1M in invested assets last May, and now it's $1.16. If I include home equity, it's $1.45M, but I think that's based on a rather optimistic Zillow estimate. Closer to $1.4M is probably about right.
Net worth (cash + taxable brokerage + retirement investments + home equity) has gone up by $122k this year. Granted, it probably went down by $10k+ with the market falling today. But I can't be worried about that -- life goes on!
We have no specific goal/timeline for reaching $2M. We could retire now at 40-ish with ~$41k/year (96% FIRECalc success rate) if we cut our budget to the bone, but it wouldn't be pleasant, and healthcare would be a big question mark. We could retire in ~3 years after the mortgage is paid off with a $55k/year. But we like our jobs and I'll probably continue working part time indefinitely after the mortgage is gone to delay drawing down our accounts.
-
Just passed the 1.4 mark (1.28 invested) and logged a 12 month gain of $308k. If we can keep that annual gain going we might be done sooner than I thought.
-
Note quite here yet...
I appear to be stuck at about $950k - have not really moved for about 6 weeks now, which will delay my entry into this race from September maybe out to December or even 2018.
A little disappointing, but in a market that has come off 3% from the top it's nice to still be steady.
-
Note quite here yet...
I appear to be stuck at about $950k - have not really moved for about 6 weeks now, which will delay my entry into this race from September maybe out to December or even 2018.
A little disappointing, but in a market that has come off 3% from the top it's nice to still be steady.
Yeah, Aussie stocks and Sydney property have slowed us down too, but thankfully the FTSE has been strong amd I have a bit invested in the UK ATM.
I will be interested to see how my NW looks for 31 May. It does seem that auction results in Sydney were quite good this week, so we shall see.
We are very close to $2M USD, but just can't quite get across the line yet.
-
I'll join in on this one..
$1mil on August of 2015...
Who knows if I'll hit $2mil, may retire before that. Eclipsed $1.35mil this past week
Numbers include home equity
-
$1.2M as of end of May. Hit 1M on 11/15/16 so it's been a good 6 months.
-
$1.2M as of end of May. Hit 1M on 11/15/16 so it's been a good 6 months.
Now that is the HEAT!
-
$1.2M as of end of May. Hit 1M on 11/15/16 so it's been a good 6 months.
Now that is the HEAT!
Arrgghh, meanwhile we have stalled and went backwards last month by 20K.
-
I really think 2M is a good goal for most. I would hate leaving a high paying field in middle age when I lack the passive income to live comfortable, with health care and able to travel.
Sure, it's a great goal.
But why would you need to get there while working? ;)
I really think 2M is a good goal for most. I would hate leaving a high paying field in middle age when I lack the passive income to live comfortable, with health care and able to travel.
It is. once you get in this group I would(and am) start building passive assets that can support you until it meets expenses, then you can let your money grow on it's own and work if you want to.
+1
As MMM said, First retire, then get rich (https://forum.mrmoneymustache.com/continue-the-blog-conversation/first-retire-then-get-rich/) (see first link in that thread).
My plan is to have my net worth grow and grow in ER (see the quote in that thread re: "asset runaway"). So far, after two years of ER, NW is up 16%.
Sure, if I had kept working, maybe it'd be up 30% instead, but...who cares?
I have enough. Would I sell those two years of my life for a little more money?
Hell no. I have enough. Why on earth would I need any more? :)
The last two years have probably been the best of my life. Even though I was in a job I loved doing, I very much am enjoying doing other things now, too. I wouldn't sell that time for mere money.
-
I'm down to play. Our current NW is already well above what we need. Our current yearly spending is around $25k (budgeted $30k). $1m was my goal for a 3% WR. Due to contractual obligations, we've got another 4 years working. Because of the healthcare flux, I'm not too upset to be forced into forced work, but on a day to day basis the grind can be exhausting. We both have low paying work that we'd like to do part time, so being forced to do a job we're not thrilled of can be a burden. Can't complain too much though, the pay is more than we deserve.
Currently sitting at $1.25m. Expect to be over $2m by the time we can punch. We should be able to let the nest egg grow and sit very comfortably for the rest of our lives. Future plans include slow travel, fun work we enjoy, and eventually homesteading once we're ready to settle down. Life's good.
-
And the stock market marches on.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
And at $1.2M at 1/31/2017
Presumably this particular rally will end sooner or later, it won't be as long as I thought if it keeps up like this (not that I expect it to)
$1.235M for 3/31/2017 at the end of the quarter.
Not bad for not working. I keep saying it can't last much longer!
$1.267M for 6/30/2017 at the end of the second quarter.
Still not working, and we bought a car and had a baby during that time, so apparently the rally kept going..
Gains in June were relatively much smaller than in the months before
It's fun to project out those kind of quarterly gains to the entire year, but I image it will end up more modest
-
My net worth is still below $1 million (although it would be fun to hand wave away about $220,000 in debt and consider only the assets column). But I plan on graduating from the six-figure club some time in the next year, as long as there is decent market appreciation.
-
We got our quarterly investment statements today so I recalculated our net worth. I came up with $1,993,000 (mostly in investments & cash). Seven thousand to the next big milestone!
Mr. Melisande is planning on working at least 8 more years (he doesn't want to retire early, although I have), so maybe we'll make it up to 2.5M or even more.
-
We got our quarterly investment statements today so I recalculated our net worth. I came up with $1,993,000 (mostly in investments & cash). Seven thousand to the next big milestone!
Mr. Melisande is planning on working at least 8 more years (he doesn't want to retire early, although I have), so maybe we'll make it up to 2.5M or even more.
I think there's also a thread on here in the race from $2 million to $3 million
-
We got our quarterly investment statements today so I recalculated our net worth. I came up with $1,993,000 (mostly in investments & cash). Seven thousand to the next big milestone!
Mr. Melisande is planning on working at least 8 more years (he doesn't want to retire early, although I have), so maybe we'll make it up to 2.5M or even more.
I think there's also a thread on here in the race from $2 million to $3 million
Thanks, found the thread!
-
Count me in. I love these threads as I like seeing progress over time. I'm carrying over my progress from the 500k-1m thread if that's OK..
I'd like to join to help motivate me. Currently at $540k and hope to hit the big 1M in the next couple of years.
I made it to $748k! Keep saving everybody!!
I made it to $988k and was getting excited... and then taxes hit! Looks like it'll be another few months yet :(
I finally did it!! Crawled over the line to $1,000,330 today! Feels pretty surreal. Never thought I'd actually be worth a million dollars. Now I guess I keep on saving towards the next million!
Currently at $1.11m. Don't really have a goal number at this point. I love running my own business so just tryna ride it out as long as possible and "make hay while the sun shines" as they say.
Passed the half way point! Somehow we have $1.535m. Not sure how long the next 0.465 will take but I'll report back if we get there!
-
I truly love these threads, all of them. You can feel the positive energy in every post, whether it's the 100k or $1,2,3 and beyond million dollar threads. I can't sleep and work is in a few hours. Nice to know you really don't have if you choose not to anymore.
-
Dollar change since January 1, 2017 to investment accounts 83,000; Gross pay 82,000; winning.
-
how much of that dollar change is your own saving versus how much is change in value of existing 'stache?
-
My Vanguard accounts are up 8.7% for the year so far.
-
how much of that dollar change is your own saving versus how much is change in value of existing 'stache?
I would guess 'stache growth is more than 50% at least for this year.
-
how much of that dollar change is your own saving versus how much is change in value of existing 'stache?
I would guess 'stache growth is more than 50% at least for this year.
Our stache has grown at an amazing rate lately too. The only problem is that I've become less motivated at work...which isn't good! I think the inevitable stock market 'correction' will be the kick in the pants I need...although I'm certainly not hoping for one.
-
Our stache has grown at an amazing rate lately too. The only problem is that I've become less motivated at work...which isn't good! I think the inevitable stock market 'correction' will be the kick in the pants I need...although I'm certainly not hoping for one.
I'm hoping for one. I'm ~3 years away from FI and around halfway through this race. I'd prefer to have a correction in these next few years than see the market keep climbing steadily and see a PE 10 north of 37 around the time that I'm thinking to pull the trigger.
-
Our stache has grown at an amazing rate lately too. The only problem is that I've become less motivated at work...which isn't good! I think the inevitable stock market 'correction' will be the kick in the pants I need...although I'm certainly not hoping for one.
I'm hoping for one. I'm ~3 years away from FI and around halfway through this race. I'd prefer to have a correction in these next few years than see the market keep climbing steadily and see a PE 10 north of 37 around the time that I'm thinking to pull the trigger.
This is my mindset too.
-
Not exactly sure what the accounting rules are for measuring the $2M.. but..
We are at
$1824k.. investible.
$519 k.. Pension value
$2343k Total liquid.
House (including rentals I'm guessing at maybe $400k),
We don't have any kids.. yearly spend is around $35k and we get about $20k/yr in rent. We are now both RE'd and intend to do some travel.
-
All that and you're gonna spend 35K ?
Holy smokes. Hope you have a good charty since you have no kids. Enjoy it. You've arrived!
-
All that and you're gonna spend 35K ?
Holy smokes. Hope you have a good charty since you have no kids. Enjoy it. You've arrived!
Well what we need to spend vs what we will spend might be slightly different.. Gee we might take a huge trip every year and spend $60k... Wait.. Thats still only 1.7% WR..:)
In seriousness though, we don't expect to be landlords forever, maybe another 5 years perhaps.
-
The more the market goes up and my stash goes along with it has an inverse correlation to my motivation at work. It's really hard to make myself get up and go everyday.
-
Yup.. I totally get that and I remember it well..:)
-
The more the market goes up and my stash goes along with it has an inverse correlation to my motivation at work. It's really hard to make myself get up and go everyday.
Me too!!
-
The more the market goes up and my stash goes along with it has an inverse correlation to my motivation at work. It's really hard to make myself get up and go everyday.
Me too!!
It's so bad that some mornings I wake up and my first thought is "What would happen if I didnt go in today" haha
-
It's so bad that some mornings I wake up and my first thought is "What would happen if I didnt go in today" haha
I caught myself thinking this too as morale in my office deteriorated since January 2017. When things started sucking my mind drifted off to dream of better things; I knew I had an exit plan. But most of my mates don't. I knew I couldn't slack off and increase the burden on my office mates; I still had to carry my weight in the office. Fortunately for me my time in my current job is coming to a close, and I'm departing in a positive light as a guy who contributed to the team. I'll be moving on to bigger and better things and retirement paperwork is not long away.
-
Riding my bike alone in the rain yesterday, I was just thinking how much I loved just riding my bike. How little money it costs to just ride my bike. Then I think about being forced to work overtime this weekend. What if I just don't go? I have no debt so bill collecters won't be calling. Some quick 25X math in my head told me $70,000. That's what you'd draw from your stash if you just kept riding. 2019
-
...2019...
Oh, yeah, cohort 2019!
-
Riding my bike alone in the rain yesterday, I was just thinking how much I loved just riding my bike. How little money it costs to just ride my bike. Then I think about being forced to work overtime this weekend. What if I just don't go? I have no debt so bill collecters won't be calling. Some quick 25X math in my head told me $70,000. That's what you'd draw from your stash if you just kept riding. 2019
I am currently on vacation cycling across a chunk of Europe. I am in Hungary at the moment, and realised I am spending signicantly less than a 4% withdrawal rate would permit, yet I am still working.
I said to DW we could just keep doing this amd not go back to work... but we couldn't afford to have an empty home base to return to when the cycling gets old.
Working till 2019 would mean owning a home base amd still having enough cash to cycle across Europe, staying in pretty nice hotels amd eating out most days.
-
I am currently on vacation cycling across a chunk of Europe. I am in Hungary at the moment, and realised I am spending signicantly less than a 4% withdrawal rate would permit, yet I am still working.
Totally o/t of the thread, but this sounds like an awesome vacation! I would love to hear more of the details.
-
Dollar change since January 1, 2017 to investment accounts 83,000; Gross pay 82,000; winning.
I'm almost there with you! Investment change: $78,000; Gross pay: $72,500.
-
I am currently on vacation cycling across a chunk of Europe. I am in Hungary at the moment, and realised I am spending signicantly less than a 4% withdrawal rate would permit, yet I am still working.
Totally o/t of the thread, but this sounds like an awesome vacation! I would love to hear more of the details.
DW and I are just cycling from Germany to Budapest, generally following the Danube. The section from Passau to Vienna is extremely popular with peeps on bikes (especially older folk and families) as it is quite flat and really well set up for cycling holidays. Maybe too popular for some. We didn't mind it. Now we are in Hungary and we only see a handful of touring cyclists each day, which also has some appeal.
We have been cycling 50-90kms each day. It is just a 2 week vacation for us.
-
Haha, so many questions.
We had a company shuttle our suitcases to hotels for us as this was DW's first time cycling as an adult.
The trip was a success and She is keen to ride unsupported next, and to take on a bigger challenge. Meeting others on the road carrying camping gear etc helped to show what was possible.
DW was basically scared of bikes prior to doing this. It was a big deal that she agreed to do this.
We did very little preparation. We borrowed a bike for DW about a month ahead of going, and we rode together maybe twice a week for that month, building up to 50km rides.
Due to the lack of prep, the first few days were tiring and our legs were sore, but we got cycle fit pretty quick and by the end of the two weeks our legs were good.
We had no rest days. Just rode 12 days straight from Passau to Budapest. I'd recommend to anyone else doing it to have a rest day in Vienna mid ride, although it was ok without one as day 8 was only 20kms so was basically a rest day (day 9 was 85kms our longest day). Anyhow, having only half a day in Vienna didn't allow for much sight seeing so an extra day there would have been good.
The section from Passau to Vienna is perfect for non-cyclists as it is pretty much dead flat (unless you do some side trips like we did into the surrounding hills) and there are restaurants every few kms to act as a distraction.
The scenery is also probably more spectacular over this section, but the downside is that you will see hundreds of cyclists every day. Most cyclists are over 60s retirees. Many are families. This didn't detract from our enjoyment, but undoubtedly will be a big turn off to some. I have heard that in August it's pretty painful with so many kids on the route.
From Vienna onward we saw only a handful of cyclists each day, and a lot of the riding was through farming areas without the glorious views of quaint riverside villages we had on the first part. But the pay-off on the section from Vienna to Budapest was that the towns and cities we stopped at each night were more interesting places than the first part of the trip (eg: Bratislava, Gyor, Visegrad). The last 2 days into Budapest were really nice rides.
In the end, I'd recommend both halves of the ride. The whole trip is a great, safe, easy introduction to cycle touring. The distances were 50-60kms each day. We ended up riding a little over 600kms over the 12 days.
-
Does anyone else feel like your numbers get "stuck" for a while...? I'm there...invested assets can't seem to crack $1.2mil
I've been out of the individual stock game for a long time, but still carry about 25% of my portfolio in a nice mix of companies. The Amazon/Whole Foods announcement whacked 12% off Costco's value then a bad report by an auto parts firm whacked my Genuine Parts holdings...
I've owned them for a while and they pay nice dividends, so my basis is low and I'm holding off/selling these until ER when I have a 0% Capital Gains rate. It just kills me to be 60%+ passive investing and trailing the market.
-
My #Number is 1.4M to 1.625M, but I only have ~230k invested (330k+ total) right now. (though increasing fast)
I think you'll find that MOST here never plan on hitting 2 million and quite a few are done in the 750k zone.
By the time I can officially join this race, you'll probably be done! (another 6-8 years or so...)
We are at $1.6M but that excludes the house and $150K in cash. i always like to be conservative but wondered what others do when modeling FI. i don't want to include cash in my net worth as it won't earn 5/6/7% like equities will. And i don't include the house as well, but perhaps if i turned it to a rental i would.
-
I do include equity in my home (although currently we are not living there and have rented it out) when calculating NW. However, for FIRE I do not include the home equity in calculating the stash I need for funding FIRE. Maybe this is inconsistent but whatever!
Regarding cash, I do include that in the stash amount. I only plan to hold 2% of
my stash in cash (ie: 6 months costs, which could be stretched to last 12 months in a crisis). Yes, the cash is a slight drag on returns, but is also a hedge against market volatility, as are bonds/ fixed income Investments.
For my stash to last 40 years it needs to average 2.6% real returns. So whilst stocks might return 4-7% above inflation, the average return doesn't need to be this high so the lower returning investments protect against sequence of return risk.
-
I do include equity in my home (although currently we are not living there and have rendered it out) when calculating NW. However, for FIRE I do not include the home equity in calculating the stash I need for funding FIRE. Maybe this is inconsistent but whatever!
Regarding cash, I do include that in the stash amount. I only plan to hold 2% of
my stash in cash (ie: 6 months costs, which could be stretched to last 12 months in a crisis). Yes, the cash is a slight drag on returns, but is also a hedge against market volatility, as are bonds/ fixed income Investments.
For my stash to last 40 years it needs to average 2.6% real returns. So whilst stocks might return 4-7% above inflation, the average return doesn't need to be this high so the lower returning investments protect against sequence of return risk.
Pretty much the same here. Since it is fully paid off, we include the house for net worth calculations. However, we do not include the house for FIRE (investment) calculations.
-
At 1.147M at 6/30/17. Looks like I am here to stay for a while based on projections - at least another 4.5 years. Unfortunately, I have a chunk of assets not earning a dime. Company stock payout is only at cost unless you stay beyond a certain age - no thanks.
-
Does anyone else feel like your numbers get "stuck" for a while...? I'm there...invested assets can't seem to crack $1.2mil
I've been out of the individual stock game for a long time, but still carry about 25% of my portfolio in a nice mix of companies. The Amazon/Whole Foods announcement whacked 12% off Costco's value then a bad report by an auto parts firm whacked my Genuine Parts holdings...
I've owned them for a while and they pay nice dividends, so my basis is low and I'm holding off/selling these until ER when I have a 0% Capital Gains rate. It just kills me to be 60%+ passive investing and trailing the market.
I think my investments are approaching a 10% return this year so far, not even counting what I contributed, and this is because I'm in index funds, US and international.
-
just logged into my Roth IRA fund and checked...up another 3% over the past quarter...If I can maintain 3%/quarter forever I'm good!
-
I can still remember the first time I heard of the 4% rule. I think it was in the 90s listening to Bob Brinker. My tiny stash was less than 6 figures. My heart was broken. Where'd this voice on the radio come up with such a figure. My whole stash would yield me less than $4000 a year. Who am I kidding? Why do I even bother saving at all. It's two decades later now. The stash has been untouched and growing all the while. Now it's worth something. Now we could actually live on 4%. In fact, we're down to the last 1/8 of our savings goal. It won't take nearly 1/8 of the time to get there. That first 1/8 was hard and long. Now we're like a boat with it's engine cut and drifitng to the dock. The momentum will take us to the finish.
-
I can still remember the first time I heard of the 4% rule. I think it was in the 90s listening to Bob Brinker. My tiny stash was less than 6 figures. My heart was broken. Where'd this voice on the radio come up with such a figure. My whole stash would yield me less than $4000 a year. Who am I kidding? Why do I even bother saving at all. It's two decades later now. The stash has been untouched and growing all the while. Now it's worth something. Now we could actually live on 4%. In fact, we're down to the last 1/8 of our savings goal. It won't take nearly 1/8 of the time to get there. That first 1/8 was hard and long. Now we're like a boat with it's engine cut and drifitng to the dock. The momentum will take us to the finish.
Yes, the race to the finish line is rapid. So far for this year our investment returns are higher than our salaries, and our growth in Net Worth is double what we are spending (since we only spend half our salary).
However, I don't want to cut our engines until our boat is well and truly beached.... somewhere nice and sunny with lush forest fringing the beach :-).
We will keep full throttle the whole way - maybe it is through fear that if we cut the engines and coast the tides of the bull market will turn and the bear tide will push us back out to sea.
-
Yup same here.. 50% pullback would still leave us enough but I'd be nervous :)
-
Still pushing with both screws for another 22 months.
-
Getting closer....
11/16 1.0M
5/17 1.2M
8/17 1.28M
-
I get all excited when I see a new post here. Great job RetirementDreaming
-
Getting closer....
11/16 1.0M
5/17 1.2M
8/17 1.28M
280K increase in 9 months is pretty f&cking impressive :-)
We are having a similarly good time of it ATM as well.... reminds me I should tally up where we have ended August at.
-
We've just kinda held the last month or so. Had some annual expenses hit. Home insurance, flood insurance, car insurance and losts of home maintenance costs.
-
We've just kinda held the last month or so. Had some annual expenses hit. Home insurance, flood insurance, car insurance and losts of home maintenance costs.
We went backwards a little too (as detailed in the Class of 2019 thread).
C'est la Vie.
I am still in awesome financial shape!!
-
Rechecked Mint. Actually net worth is a smidge above previous all time high. Cash is lower but investments have grown. We're still working so unless we spend like idiots or the market tanks the trend will be new all time highs in NW by at least 15k a month.
-
I'm in.
Canadian $
TNW 1.88 M based on - Invested and cash 1.45 M and home equity 430 k
Looking to get to 2 M total invested and then convince my wife that I can retire.....
-
I am in too!
However, the race for me might be very, very slow! I am FIREd so the increase in our stash is based on appreciation and our profits from increases in the stock market.
We started the year somewhere around 1.3m and were inching along and are closer to 1.4m now due to our rentals increasing according to Zillow (the only real measure I have, but typically Zillow has been below actual selling price in my region so this is pretty conservative) and my IRA is going crazy even though I am 70/30 AA. It was 367k in Jan and is now 413k as of today.
This thread will make me pay more attention to these factors. We are not technically drawing off of our investments at this time, but we will be cashing out one of my two pensions next year. We live almost exclusively on our rental income having dipped into my stashed 2017 income for a few travel items (I worked through most of January and got my annual bonus in March).
It is fun to see how everyone is doing! I hope it doesn't end up making me want to work again:(
-
Hi guys, finally made it to this thread. Start today at $1,009,000.
Onwards we go, should get to $1,024,000 by the end of September... bonus season at work :)
Good luck, inspired by you all!
-
Hi guys, finally made it to this thread. Start today at $1,009,000.
Onwards we go, should get to $1,024,000 by the end of September... bonus season at work :)
Good luck, inspired by you all!
Congratulations, marty998! The first one is the hardest. From here, you'll pick up speed.
-
Hi guys, finally made it to this thread. Start today at $1,009,000.
Onwards we go, should get to $1,024,000 by the end of September... bonus season at work :)
Good luck, inspired by you all!
Congratulations, marty998! The first one is the hardest. From here, you'll pick up speed.
Thankyou Dicey :)
I've noticed a little bit of moss growing on the compounding rock...
Magic that stuff is ha
-
Hi guys, finally made it to this thread. Start today at $1,009,000.
Onwards we go, should get to $1,024,000 by the end of September... bonus season at work :)
Good luck, inspired by you all!
Come right aboard!
-
Congratulations Marty.
Not so easy to get the compounding rock rolling as an Aussie this year.
1. Invest in local shares - ASX is flat as a tack this year
2. Invest in international shares - the AUD strengthening against the USD has likely offset any gains on international shares.
3. Invest in property - property market looks maxed out. However, this certainly has been a driver of NW growth for the past few years.
4. Invest in fixed interest - Interests rates are on the up making fixed interest a potentially bad investment.
5.increase your wages - wages growth ain't happening.
.... and yet here you are amassing your first million!
-
I just ticked over $1.3m.
I expect to fall back a bit over the next few months as I changed housing and bought for location and bones and am in the mist of modest cosmetic renovations. But I'm excited to see how things go. With the changed I now have an additional $200,000 invested as my previous house was paid for and now I have a modest mortgage of that amount. This also brings my NW minus the primary residence up to over $1m for the first time.
-
Hi all! I've graduated the 500K-to-1M thread, so I'm happy to join you fine people here.
As of the beginning of September, my NW stands at $1,000,297.32 in cash and investments, plus ~$240K in home equity. Kind of crazy to think that I'm worth seven figures.
I don't know if I'm actually aiming to reach $2 million in NW. My current plan is to retire at $1.5M invested. My original projections said that would happen near the end of 2020, but I'm more than a year ahead of schedule already, so who knows.
Depending on what happens in the market, whether I end up buying a bigger house and especially on what happens with health care, I may end up working part-time for a few more years after I hit my target to pad the stash some more. If I end up having way more money than I need, I'll donate the extra to a DAF and do a little philanthropy to some worthy organizations.
-
Hi all! I've graduated the 500K-to-1M thread, so I'm happy to join you fine people here.
Welcome to the thread, FireLane!
-
Wow. Bam, bam, bam! New Members for the Double Comma Club! Welcome aboard, you've arrived at the place only your dreams existed years ago. Well done. So happy to have fresh people in this thread.
-
Agreed.. It feels a bit lonely up here sometimes..:)
-
I'll play.
Investments and cash ~$1.2, total net worth around $1.8 counting personal property and home equity (the latter doesn't really factory into my retirement equation).
A Bateaux post about target numbers brought me to this thread, but I'll stick around for motivation. Doubt we'll cross $2M in net worth this year, but than again I didn't expect to get the returns I've been getting this year either. I keep waiting for a "correction" but I'll enjoy the numbers while they last. Still have a ways to go to meet our goals, and we expect a 10-17 year work horizon in front of us...so far. :)
-
I doubt it will take that long assuming you're still contributing.
-
I'll play.
Investments and cash ~$1.2, total net worth around $1.8 counting personal property and home equity (the latter doesn't really factory into my retirement equation).
A Bateaux post about target numbers brought me to this thread, but I'll stick around for motivation. Doubt we'll cross $2M in net worth this year, but than again I didn't expect to get the returns I've been getting this year either. I keep waiting for a "correction" but I'll enjoy the numbers while they last. Still have a ways to go to meet our goals, and we expect a 10-17 year work horizon in front of us...so far. :)
Dude I don't know how the hell I ended up here. Simplicity and persistence must work, because I've got no game at all. Welcome aboard.
-
Dude I don't know how the hell I ended up here. Simplicity and persistence must work, because I've got no game at all. Welcome aboard.
I feel the same way. I don't trade complicated financial derivatives or spend my spare time working out how to game the tax laws. I've just been plodding along, putting a few thousand into simple, boring index funds each month... then I look up and find my net worth is $400,000 greater than this time two years ago. The compounding really sneaks up on you!
-
I'M JOINING THE GAUNTLET :D
-
oh congrats, marty and Happier!!
-
Great to see more players here..:)
-
Ya'll come on in!!!
-
Thanks guys. My rem letter came last week. In keeping with the theme of incredibly low wages growth in Australia I got a 1% increase. That was not unexpected, and followed a 9.5% increase last year.
At least I'm pretty sure I won't get restructured anytime soon.
My bonus came in on expectations which was nice, so yep it is onwards and upwards. I expect I'll able to throw a significant amount at VAS over the next month. My super will also get a little boost as well with the bonus payment attracting a super contribution too...
My parents mentioned to me last week that it might be time to draw up a will. I just need to find the time to go to a legal shop and do it...
-
Does anyone in this 1-2 M zone use a financial adviser for any part of their portfolio management? I have 2/3 of my $ with a financial person and 1/3 through etf passive funds. I am now about ready to switch all to passive ETF investing. Only thing holding me back are that the net returns are about even for both sides from what I see over the past year and ytd.
-
Does anyone in this 1-2 M zone use a financial adviser for any part of their portfolio management? I have 2/3 of my $ with a financial person and 1/3 through etf passive funds. I am now about ready to switch all to passive ETF investing. Only thing holding me back are that the net returns are about even for both sides from what I see over the past year and ytd.
Bernie,
Financial Advisors can be a good thing for those who are not interested in paying attention to their finances or for those that aren't willing / do not understand the basics of the stock market. With that said they don't possess any special knowledge that allow you to beat the market more than others.
A one to two year period is unlikely to be enough data to say that the returns are the same. In general research shows that the number one predictor of future returns is fees. I personally am not the index fund evangelist that many are but it is a good strategy. I would pick whatever makes you sleep better at night. If you enjoy talking with your advisor, and they give you advise that is useful / teaches you something stick with them. If you are worried that you could be doing better with a basket of low-cost etfs then go that route.
For what it's worth, I have a selection of index funds, active managed funds, and stocks I've picked myself. My portfolios, over the past 13 years (knock on wood) have beaten the market by an average of 5%.
-Carsten
-
The returns might be the same now but typically in the long term the etfs will do better at much lower cost.
If you are using an adviser the standard advice is to use a "fee only" adviser.. I.e you pay them for their time rather than pay them and increased APR % on your portfolio.
I'm completely DIY.
-
Does anyone in this 1-2 M zone use a financial adviser for any part of their portfolio management? I have 2/3 of my $ with a financial person and 1/3 through etf passive funds. I am now about ready to switch all to passive ETF investing. Only thing holding me back are that the net returns are about even for both sides from what I see over the past year and ytd.
Investing has two camps that can make sense. In camp one are professional investors. They spend all day looking for solid, but undervalued companies, or solid dividend paying companies. These investors then place large stakes on these few bets, hoping to take advantage of market knowledge asymmetry. These investors take a great deal of specific investment risk on top of the systemic risk of the market as a whole.
Camp two is to diversify away as much specific investment risk as possible by buying the market. This is done typically through index funds or index ETFs. These are usually very low fee investments. This investor is betting on the overall marketplace to improve. They won't see the large increases seen by the group above, but they don't face the prospect of as much loss either. Depending on the desired stability of returns, this group can invest a portion of their funds at the risk free rate (typically treasury bonds in the US) to reduce the variance of returns, but also reducing the expected value.
If you want to do camp one, you need to really spend a lot of time looking at companies and comparing/contrasting them to the market. Some people choose a limited option of camp one for the industry they know well, but camp two for everything else. An investment advisor can help explain the mechanisms by which you can achieve the targeted goals above, or they could help you determine what mix makes sense for you. As others have said, do this on a fee for time basis rather than a fee as commission basis. Also, don't hand trading rights to your investor unless you really trust them both to know what makes sense for you and to always act in your interests. The only person that meets that burden for me is my spouse, but she isn't a broker.
-
I'm another one without an advisor.
I am likely to get some tax structuring advice soon, although tbh I probably won't be very trusting of the advice I get.
I will listen but....
I am very sceptical of other people's claimed knowledge, and their ability to truly understand what I personally want/ need. Maybe I will be pleasantly surprised.
On the finance front, my NW is split about 50/50 between index funds and residential property.
-
This...
https://finance.yahoo.com/video/warren-buffett-wins-1m-bet-165453788.html
-
Does anyone in this 1-2 M zone use a financial adviser for any part of their portfolio management? I have 2/3 of my $ with a financial person and 1/3 through etf passive funds. I am now about ready to switch all to passive ETF investing. Only thing holding me back are that the net returns are about even for both sides from what I see over the past year and ytd.
I have self managed for financial planning, but have paid some serious $ for structural and taxation help from a good quality accountant. It hasn't been cheap, but it has been good value.
I had a free hit for some fee for service financial planning as part of an insurance payout (I could claim back $2,500 of fee for service financial planning costs). It was good to get a fresh set of eyes, and they asked some useful questions. There was one actionable change from that session (for the Australian readers, it had to do with there being the ability to gain early access to superannuation if suffering from total and permanent disability, which encouraged me to put some additional funds into super at a lower tax rate than a family trust). The financial planning session was useful for a sanity check, but I wouldn't pay for it again.
I will note that I already had fairly complex tax planning in place to hold assets, including a company, trust and self managed super fund. Had I not been doing these already, there may have been some additional value.
-
I don't use a financial advisor at all. It's pretty simple to structure your portfolio as just a few total market index funds. There's nothing magical or confusing or complicated required.
These passive index funds beat active management every time.
-
I don't use a financial advisor at all. It's pretty simple to structure your portfolio as just a few total market index funds. There's nothing magical or confusing or complicated required.
These passive index funds beat active management every time.
No financial advisor here either. Core money is in funds, etc....
However, I do have a brokerage account where I 'play around' with single stocks (biotechs and such). I find it fun and have done quite well with it....but it is certainly NOT for everyone.
-
I'm a little late to this party. We crossed $1M in invested assets last May, and now it's $1.16.
Four months later, we're up $50k (~4%) to $1.21M. Not bad for a third of the year, especially considering we wrote a $25k check mid-summer, plus about $2,500 in other unanticipated/one-time home expenses. Our investment returns haven't been stellar since May, but we just keep plugging away at the tax-deferred accounts.
-
Just checked. NW = $1.6M, invested = $1.03M
No target, per se.
-
Nice gain BirdInHand.
Welcome aboard Dude.
-
Just checked. NW = $1.6M, invested = $1.03M
No target, per se.
Great job.. I remember reading MMM for the first time in Sept 2013 and thought.. "Gee I should add up my NW"...It came to 1.050M...:)
It was hard to drive the 80 miles to work the next day!
-
Hi - I just found this thread and thought I'd join in.
I needed some motivation when I hit $1m in 2014 but couldn't yet retire. I set myself a goal of getting to $2m in 5 years and calculated I needed ~15% increase in NW a year. I thought it was ambitious but have been pretty close to it so far.
2014: $1,008k
2015: Goal $1,150k; Actual $1,191k
2016: Goal: $1,325k; Actual $1,353k
2017: Goal: $1,525k; YTD $1,477k
2018: Goal: $1,750k
2019: Goal >$2,000,000
Note:
- The above is in Australian dollars and I hope you all don't mind me tracking that way. Currency fluctuations would distort it too much otherwise.
- The above doesn't include a home and property prices are expensive in Australia. Not sure where I want to live once I stop working so holding off buying for now. I figure with $2m, I can decide how I want to allocate funds and also move to a lower cost location.
Another 2 years seems tantalisingly close but also a long way away when I have a tough day at work.
-
I have about 1.48 million in 85% equities, rest in bonds, some in cash. And I have another $250k-300K equity in my house
Honestly, it feels like a mirage. I get a sense that any day now a crash is about to occur.
Not sure why I feel that way, maybe it's how well the market has done, and how precarious the political situation is.
-
Well a crash might happen tomorrow.. But if not tomorrow almost certainly in the next 3 years.. Really it doesn't make difference unless you're trying to time it.. You have got to be able to survive a crash either way
-
I'm kinda trying to outlast the crash. I'm over 90% invested in stocks. So far it's paid off, So very tempted to play market timer,but when do you pull? DOW 19k, 20k, 21k, 22k, 23k? So I'm just sitting here riding the wave up. Not FIRE yet so I guess until you are drawing down, it's no big deal if it crashes. It's going to take a big one for many people on this thread to be sub 7 figures again.
-
Bateaux, You plan to retire in 2019?
If thats the case I would suggest a rebalance now to 70/30 or 80/20. You have plenty of money and can expect some sinificant growth over time with 70% stocks.. But still have bonds to live on for several years.
Just my perspective.
-
I'd agree. I expect to retire 2019/2020 and have been 50/50 for about a year. I've pretty much won the game, so to speak but am paying for this and next year private college for one son and other has learning issues, so high school for now costs almost what private college costs. Lawyer is working to get our district to pay for that but that's not guaranteed so could be a year before we even know. I have no interest in losing 50% of what I have. House has long time been paid off and no debts.
-
We're a little over $1 million, but I don't know if we'll hit 2. DW retired 2 years ago, I cut back to about half time. We have an AirBnB that pays a bit more than half our expenses, too. But I like my job and don't plan to fully quit. Once kids are old enough to be in school I think my wife will probably get bored (she's a PhD biophysicist, after all) and go be a STEM educator in the school system or something like that.
So it will be interesting to see if we get there, and if so when. I have a hard time wrapping my brain around "needing" more than $40k a year, but then again I'm one of those perpetual grad student types that gets excited about free pizza at the library.
-W
-
Same here.. The 2 of us spend around $30k with a paid off house.. Its difficult to imagine spending more than $40k even with a couple of trips abroad each year. Half of our expenses are paid by our rentals.
For us its healthcare, food, utilities and insurance and thats about it. I do all the maintenance on our cars. So far our HC premium is $36/m and we can add worse case $2k/yr for OOP expenses.
-
We hit $1M late in 2016. As of yesterday we were $9.93 away from $1.1M. I never include our checking account balance in our NW as that money comes and goes, but think I'll transfer $10 to savings so we'll officially be at $1.1M NW. Currently maxing 401K and IRA (spouse) + $24K per year to taxable investments. Planning to FIRE in 2020.
-
Hi - I just found this thread and thought I'd join in.
I needed some motivation when I hit $1m in 2014 but couldn't yet retire. I set myself a goal of getting to $2m in 5 years and calculated I needed ~15% increase in NW a year. I thought it was ambitious but have been pretty close to it so far.
2014: $1,008k
2015: Goal $1,150k; Actual $1,191k
2016: Goal: $1,325k; Actual $1,353k
2017: Goal: $1,525k; YTD $1,477k
2018: Goal: $1,750k
2019: Goal >$2,000,000
Note:
- The above is in Australian dollars and I hope you all don't mind me tracking that way. Currency fluctuations would distort it too much otherwise.
- The above doesn't include a home and property prices are expensive in Australia. Not sure where I want to live once I stop working so holding off buying for now. I figure with $2m, I can decide how I want to allocate funds and also move to a lower cost location.
Another 2 years seems tantalisingly close but also a long way away when I have a tough day at work.
Shares or Realestate? (A$ are fine, all of mine are listed in AUD :) )
Interested in what your portfolio looks like, as I'm several years behind you.
-
2014: $1,008k
2015: Goal $1,150k; Actual $1,191k
2016: Goal: $1,325k; Actual $1,353k
2017: Goal: $1,525k; YTD $1,477k
2018: Goal: $1,750k
2019: Goal >$2,000,000
....
Shares or Realestate? (A$ are fine, all of mine are listed in AUD :) )
Interested in what your portfolio looks like, as I'm several years behind you.
I have a property worth ~$600k and most of the rest in shares (in and out of super). Most of my gains are through savings though, high income and low costs.
-
Bateaux, You plan to retire in 2019?
If thats the case I would suggest a rebalance now to 70/30 or 80/20. You have plenty of money and can expect some sinificant growth over time with 70% stocks.. But still have bonds to live on for several years.
Just my perspective.
I hate the thought of losing hundreds of thousands of dollars in a crash, but also hate the thought of losing hundreds of thousands of dollars from potential gains. The 2019 retirement date is possible leaning towards 2020. Not much difference between those dates I'd suppose as far as long term plan of stock/bond ratios. Bogle says stay the course, maybe I'll buy some bond funds and sell some stock funds. Just don't feel that old yet.
-
We hit $1M late in 2016. As of yesterday we were $9.93 away from $1.1M...think I'll transfer $10 to savings so we'll officially be at $1.1M NW.
lol! I like that move!
-
Boo...Got paid today (NW up), revalued investments (NW down).
Treaded water these 2 weeks. I cannot say I'm enjoying starting to see my net worth be "volatile" (said with naievity noted).
Seeing the NW go down after a pay day is a relatively new thing for me, one I will have to get used to.
Total is at $1,026,500
-
Boo...Got paid today (NW up), revalued investments (NW down).
Treaded water these 2 weeks. I cannot say I'm enjoying starting to see my net worth be "volatile" (said with naievity noted).
Seeing the NW go down after a pay day is a relatively new thing for me, one I will have to get used to.
Total is at $1,026,500
Same
It starts to happen often at this level. You get used to 10k, 20k, 30k fluxes in NW sometimes weekly. There are worse problems to have than losing the equivalent of a new automobile price of NW in a day. You could be financing an automobile for 6 years like many.
-
Boo...Got paid today (NW up), revalued investments (NW down).
Treaded water these 2 weeks. I cannot say I'm enjoying starting to see my net worth be "volatile" (said with naievity noted).
Seeing the NW go down after a pay day is a relatively new thing for me, one I will have to get used to.
Total is at $1,026,500
I have a love-hate relationship with this. The love is that my portfolio returns are becoming more important to my net worth than my earned income. That's great, as it means that a wage is becoming redundant. The hate is the lack of ability to measure progress, which I have gotten used to. I don't get that little dopamine hit each time a paycheck goes through, because my net worth progress is less tied to my income. My coping strategy for that has been to track investment income instead - if I put more money to work, I see that number tick up. If I reinvest a dividend, I see it tick up. If I retire some debt, I see the net income tick up. Keeps me going with the right behaviors, (investing a surplus), as long as it doesn't bias my investment to short term income investments.
-
Boo...Got paid today (NW up), revalued investments (NW down).
Treaded water these 2 weeks. I cannot say I'm enjoying starting to see my net worth be "volatile" (said with naievity noted).
Seeing the NW go down after a pay day is a relatively new thing for me, one I will have to get used to.
Total is at $1,026,500
I have a love-hate relationship with this. The love is that my portfolio returns are becoming more important to my net worth than my earned income. That's great, as it means that a wage is becoming redundant. The hate is the lack of ability to measure progress, which I have gotten used to. ...
I kind of stop measuring my NW. Every now and then I check in, but what I measure now is my contribution to savings. I mentioned somewhere else how one month I did a killer job of saving, but the market went down so my overall was a decline, and then shortly after I had a month with pretty much NO savings and my NW went up $65k. I can't measure my progress against something that has so much variability, so I set targets to contribute and measure against that. Then I just make sure my overall portfolio is appropriate and let it do what its going to do. That way I don't get too excited about the ups/downs of the total investment pool, I focus on controllable actions.
Which reminds me, I hadn't checked my progress for a while...I'm at about $450k of real property (which I don't really count for this purpose) and $1.66M invested. That's up quite a bit from 1/1 when we were at $1.4M. Maybe I should check this number more frequently! ;)
-
Which reminds me, I hadn't checked my progress for a while...I'm at about $450k of real property (which I don't really count for this purpose) and $1.66M invested. That's up quite a bit from 1/1 when we were at $1.4M. Maybe I should check this number more frequently! ;)
Wow you've got a lot!
-
Boo...Got paid today (NW up), revalued investments (NW down).
Treaded water these 2 weeks. I cannot say I'm enjoying starting to see my net worth be "volatile" (said with naievity noted).
Seeing the NW go down after a pay day is a relatively new thing for me, one I will have to get used to.
Total is at $1,026,500
I have a love-hate relationship with this. The love is that my portfolio returns are becoming more important to my net worth than my earned income. That's great, as it means that a wage is becoming redundant. The hate is the lack of ability to measure progress, which I have gotten used to. ...
I kind of stop measuring my NW. Every now and then I check in, but what I measure now is my contribution to savings. I mentioned somewhere else how one month I did a killer job of saving, but the market went down so my overall was a decline, and then shortly after I had a month with pretty much NO savings and my NW went up $65k. I can't measure my progress against something that has so much variability, so I set targets to contribute and measure against that. Then I just make sure my overall portfolio is appropriate and let it do what its going to do. That way I don't get too excited about the ups/downs of the total investment pool, I focus on controllable actions.
Which reminds me, I hadn't checked my progress for a while...I'm at about $450k of real property (which I don't really count for this purpose) and $1.66M invested. That's up quite a bit from 1/1 when we were at $1.4M. Maybe I should check this number more frequently! ;)
I check our net worth frequently because everything is linked to Personal Capital and can easily be accessed on the PC..or anytime via thumbprint on the smartphone!
Once you reach a certain threshold it seems like your contributions help, but are diminished to a great extent by portfolio gains (or losses). We have pretty much reached that point but are continuing to max out our 401K's for the tax benefits.
I will admit that we moved significant funds over to the Vanguard Wellesley admiral (VWIAX) fund and therefore have become a bit more 'conservative'. I guess we are becoming a somewhat conservative 'boglehead' as far as core holdings go. To make up for that I have been actively trading stocks in a taxable account and find it quite fun..and have done quite with it so far.
-
I'm happy to report that I've reached the $1.3 million mark in net worth. The market surge and a recent dividends distribution got me to the mark today. Of the $1.3mil, $1.2 of that is invested in the market. September ends on a good note!! Tonight I will celebrate by drinking a can of Pepsi.
-
Boo...Got paid today (NW up), revalued investments (NW down).
Treaded water these 2 weeks. I cannot say I'm enjoying starting to see my net worth be "volatile" (said with naievity noted).
Seeing the NW go down after a pay day is a relatively new thing for me, one I will have to get used to.
Total is at $1,026,500
I have a love-hate relationship with this. The love is that my portfolio returns are becoming more important to my net worth than my earned income. That's great, as it means that a wage is becoming redundant. The hate is the lack of ability to measure progress, which I have gotten used to. ...
I kind of stop measuring my NW. Every now and then I check in, but what I measure now is my contribution to savings. I mentioned somewhere else how one month I did a killer job of saving, but the market went down so my overall was a decline, and then shortly after I had a month with pretty much NO savings and my NW went up $65k. I can't measure my progress against something that has so much variability, so I set targets to contribute and measure against that. Then I just make sure my overall portfolio is appropriate and let it do what its going to do. That way I don't get too excited about the ups/downs of the total investment pool, I focus on controllable actions.
Which reminds me, I hadn't checked my progress for a while...I'm at about $450k of real property (which I don't really count for this purpose) and $1.66M invested. That's up quite a bit from 1/1 when we were at $1.4M. Maybe I should check this number more frequently! ;)
I check our net worth frequently because everything is linked to Personal Capital and can easily be accessed on the PC..or anytime via thumbprint on the smartphone!
Once you reach a certain threshold it seems like your contributions help, but are diminished to a great extent by portfolio gains (or losses). We have pretty much reached that point but are continuing to max out our 401K's for the tax benefits.
I will admit that we moved significant funds over to the Vanguard Wellesley admiral (VWIAX) fund and therefore have become a bit more 'conservative'. I guess we are becoming a somewhat conservative 'boglehead' as far as core holdings go. To make up for that I have been actively trading stocks in a taxable account and find it quite fun..and have done quite with it so far.
I've graduated from updating daily to now updating weekly :)
The actual bottom line number is pretty meaningless, (as BCB noted above, the annual income total is a more pointed indicator), but I'm a maths nerd and an accountant, so I do <3 a sexy balance sheet.
Revalued the properties on my quarterly schedule (Sep 30). NW now $1,048,400, revised goal of $1,075,000 by the end of the year, which will be a $177k gain for 2017 if it happens.
-
I provide a monthly financial report to DW on Net Worth Growth by source and monthly income by source and our savings rate. I endeavor to engage in some discussion about our financial performance to no avail. The conversation quickly to reverts to topics like "when will you fix that broken light bulb/ door handle/ etc". Oh well.
-
I provide a monthly financial report to DW on Net Worth Growth by source and monthly income by source and our savings rate. I endeavor to engage in some discussion about our financial performance to no avail. The conversation quickly to reverts to topics like "when will you fix that broken light bulb/ door handle/ etc". Oh well.
So? When are you going to fix that broken light bulb?
-
I provide a monthly financial report to DW on Net Worth Growth by source and monthly income by source and our savings rate. I endeavor to engage in some discussion about our financial performance to no avail. The conversation quickly to reverts to topics like "when will you fix that broken light bulb/ door handle/ etc". Oh well.
So? When are you going to fix that broken light bulb?
Has to fix the door handle first, to get into the room to fix the light bulb..
ha
-
There is always something I haven't done or have done wrong. Aah the joys of marriage.
-
Holy crap! Just ran our numbers for September. NW has increased almost $245,000 for the year. $2MM . . . here I come!!!!
-
Holy crap! Just ran our numbers for September. NW has increased almost $245,000 for the year. $2MM . . . here I come!!!!
Congratulations! The run up has been amazing. We're 200k or so short of the 2M investments goal now. Hard to believe we're 90% of the way. Carjack has the light on for us in the 2M to 3M thread.
-
Picture you're racing a bicycle and I'm on the back of a pickup, laying down in the bed with my arm outstretched. Come on.....you can do it!!!
-
Awesome.. we too have a mini goal.. Last night we were $125k short of $2m in investments. Another 6.6%.. woohoo..:)
We have small pensions, plus the paid off house in addition to the above.
-
Picture you're racing a bicycle and I'm on the back of a pickup, laying down in the bed with my arm outstretched. Come on.....you can do it!!!
Haha!
-
There is always something I haven't done or have done wrong. Aah the joys of marriage.
Hah! When I was single, I used to say, "No one to ask, no one to blame."
-
Picture you're racing a bicycle and I'm on the back of an old, paid for, and required for specific work pickup, laying down in the bed with my arm outstretched. Come on.....you can do it!!!
FTFY.
Seriously, is there a $2M to $3M thread? Is Car Jack the (ring)leader?
ETA: Complete Senior Moment. I could delete these comments, but I think I'll let my "stoopids" stand. Apparently I've been part of the other group for quite some time. It's kinda funny how fast it grows. As in, one can forget what ridiculously privileged category one "belongs" in. I've said it before, and I'll keep saying it: This shit works, man!
-
Just passed the 1.4 mark (1.28 invested) and logged a 12 month gain of $308k. If we can keep that annual gain going we might be done sooner than I thought.
Half way mark! Ticked over 1.5 in September, it's really starting to pick up steam now.
-
Picture you're racing a bicycle and I'm on the back of an old, paid for, and required for specific work pickup, laying down in the bed with my arm outstretched. Come on.....you can do it!!!
FTFY.
Seriously, is there a $2M to $3M thread? Is Car Jack the (ring)leader?
ETA: Complete Senior Moment. I could delete these comments, but I think I'll let my "stoopids" stand. Apparently I've been part of the other group for quite some time. It's kinda funny how fast it grows. As in, one can forget what ridiculously privileged category one "belongs" in. I've said it before, and I'll keep saying it: This shit works, man!
One great thing about getting older.. You really don't care what other people think.. Probably being wealthy (I don't know what "rich" actually means) helps too..:)
-
Haha, thanks, EFB. I guess it depends what you count. We might be in one if I count invested assets and cash only, or another one if I count DH's defined benefit pension plan, including future retirement healthcare, paid-for HCOLA house, equity in rental properties, blah x3. If I look too hard, I might discover we "should" be in yet another group. I know you know what I mean, EFB. <wink>
-
Picture you're racing a bicycle and I'm on the back of an old, paid for, and required for specific work pickup, laying down in the bed with my arm outstretched. Come on.....you can do it!!!
FTFY.
Seriously, is there a $2M to $3M thread? Is Car Jack the (ring)leader?
ETA: Complete Senior Moment. I could delete these comments, but I think I'll let my "stoopids" stand. Apparently I've been part of the other group for quite some time. It's kinda funny how fast it grows. As in, one can forget what ridiculously privileged category one "belongs" in. I've said it before, and I'll keep saying it: This shit works, man!
Equivalent senior moment trying to be helpful:
Yes there is such a thread https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$2m-to-$3m/ and yes, Car Jack is the ringleader (OP, thread starter).
-
Yeah, I'm on that thread, too. Erm. Fortunately, our stache is big enough that I'm no imposter there. I consider myself in good company, either place.
-
Hehe.. of course I also have 3 three years to catch up..:)
Is any of this relevant?... nope!
-
Picture you're racing a bicycle and I'm on the back of an old, paid for, and required for specific work pickup, laying down in the bed with my arm outstretched. Come on.....you can do it!!!
FTFY.
Seriously, is there a $2M to $3M thread? Is Car Jack the (ring)leader?
ETA: Complete Senior Moment. I could delete these comments, but I think I'll let my "stoopids" stand. Apparently I've been part of the other group for quite some time. It's kinda funny how fast it grows. As in, one can forget what ridiculously privileged category one "belongs" in. I've said it before, and I'll keep saying it: This shit works, man!
Equivalent senior moment trying to be helpful:
Yes there is such a thread https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$2m-to-$3m/ and yes, Car Jack is the ringleader (OP, thread starter).
I'm also on the other thread. However, in my opinion we have only 'partially graduated' there because we are currently counting our paid off house in the calculations. However, we are getting close to 'full graduation' (investable assets only) possibly sometime late next year.
-
I'm also on the other thread. However, in my opinion we have only 'partially graduated' there because we are currently counting our paid off house in the calculations. However, we are getting close to 'full graduation' (investable assets only) possibly sometime late next year.
I like this approach. I also plan on partially graduating to the other thread by counting NW, and then fully graduating later when investable assets reach $2M. There might be a year or two difference in the graduation dates -- any longer and it means the markets are pretty flat or falling.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
And at $1.2M at 1/31/2017
Presumably this particular rally will end sooner or later, it won't be as long as I thought if it keeps up like this (not that I expect it to)
$1.235M for 3/31/2017 at the end of the quarter.
Not bad for not working. I keep saying it can't last much longer!
$1.267M for 6/30/2017 at the end of the second quarter.
Still not working, and we bought a car and had a baby during that time, so apparently the rally kept going..
$1.31M for 10/1/2017 at the end of the third quarter
So this crazy run up hasn't slowed down. Still not working, not much else to report.
-
I'm also on the other thread. However, in my opinion we have only 'partially graduated' there because we are currently counting our paid off house in the calculations. However, we are getting close to 'full graduation' (investable assets only) possibly sometime late next year.
I like this approach. I also plan on partially graduating to the other thread by counting NW, and then fully graduating later when investable assets reach $2M. There might be a year or two difference in the graduation dates -- any longer and it means the markets are pretty flat or falling.
I'm in the same boat with you - $2.94m net worth, $500k debt, $1.05m house value. I'd rather house prices not be so silly in my country (Australia)! At the end of the day, this isn't a competition, so its not about an "absolute" metric, but one that helps drive you towards your own goals. I think the most important thing is to keep your own metric (inc/ex house equity) consistent, to keep yourself accountable.
-
The portfolio is growing so fast it feels like a runaway train about to careen off the track. Looking at Personal Capital scares me now. I keep thinking how long can this last? Also f-ck I don't want to work anymore haha. My motivation is inversely correlated with market performance.
-
Hey everyone, I've just read through this thread in the last couple of days. I find a lot of the comments very familiar to my own thoughts, including a little uncertainty in the smartest way to count home equity. I've been regularly tracking our assets and debts for five years, and have the details separated, and occasionally add a new row to my spreadsheet that adds another perspective - total net, net cash only, hypothetical budget for residence if all sold after setting aside enough for 4% swr...
The one I've watched most closely assumes selling rental houses at zillow estimates less 6% commission and paying off our current residence. It's had the smoothest, steadiest curve. Here's a history sample for it:
12/15: 590k
12/16: 1.05M
6/17: 1.25M
10/17: 1.4M
The assets are split roughly evenly in three groups: 401k/IRA, taxable investments, 2 sfh rentals. We probably have a bit more than that in equity in our residence - and it would be pretty decadent to pay it off and stay in it in retirement as the above projects. It's big and expensive, and we will likely sell all the houses and relocate just before retiring. We are considering a variety of retirement locations that are also pretty decadent, but with a smaller size might still cost $500k less than our current.
We still have two young adult children who are still dependent (one just starting college), and we are pretty scared of the potential medical insurance costs, so I expect retirement is a couple of years away. But our savings growth has also been exceeding gross income for a while, so I find it harder and harder to hustle at work.
-
I just checked mint last time and had the first moment of my life in which I was arguably a millionaire. I'd been lurking here some already because they say you should surround yourself with people you aspire to be like ;-)
Anyway, this wealth came to me despite some bad habits and was mainly because of my super-awesome wife who kicks ass at work. I've decided to try to focus on clearing some debts with any investment gains I have above today. Most of you guys will probably beat me to $2 million, but thanks for including me!
-
Congrats tall Texan welcome to the club!!
-
Welcome aboard Talltexan. Best of luck.
-
I haven’t posted this thread for a while as I was busy being pregnant and hospitalized and giving birth and buying a house and remodeling a house. Phew! I popped my head up the other day and realized that our invested assets are somewhere around $1.57 even though we took out $200k out of investments to buy a house. It was sad seeing that duo, but we are pleased with what we were able to get. Now there is the scary mortgage debt, but so it goes. On the plus side, I am getting skylights and insulated interior walls. Winning!
Amazing to see the number that high. I hope we can continue to sock it away at a good clip. I feel like we will have to see a good dip in the market before we reach $2M since the market is cyclical. I need to go through a good downturn and have a white-knuckle ride when I have substantial assets, right? Isn’t that how you earn your stripes in the index investing world? :)
-
Yes thats exactly how it goes.. But if you're in the accumulation phase you actually WANT a big market downturn!
If you're FIRED like me.. well, hopefully you have been through enough downturns to be able to survive the next one..:)
-
My net worth ex-PPOR has been wallowing in the low $1.9m for months with the sharemarket wallowing. But my salary keeps flowing in and now with the market's recent uptick and October's dividends I suddenly find myself at $1.99m.
A good day in the market or next month's salary will see me there!
$2m has been "the target" since I crossed $1m in early 2013. Looks like 2018 will be the retirement year.
-
My net worth ex-PPOR has been wallowing in the low $1.9m for months with the sharemarket wallowing. But my salary keeps flowing in and now with the market's recent uptick and October's dividends I suddenly find myself at $1.99m.
A good day in the market or next month's salary will see me there!
$2m has been "the target" since I crossed $1m in early 2013. Looks like 2018 will be the retirement year.
Woohoo..:)
-
You guys are all killing it ☺️
Mine has gone up about 5 grand on account of our market having a 9 day winning streak.
I too can't help but feel we are due for a fall. Starting to see a few ridiculous run ups in small caps and sectors of the market.
-
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)
Plus $525k in pension valuations + paid off house
-
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)
Plus $525k in pension valuations + paid off house
You might have to post in the Race from $2M to $3M group
-
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)
Plus $525k in pension valuations + paid off house
You might have to post in the Race from $2M to $3M group
He's slumming here with us common folk.
-
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)
Plus $525k in pension valuations + paid off house
Fantastic! Just let time do its job.
-
On Friday our investments hit $1,901,000.. I'm almost out of this pool..:)
Plus $525k in pension valuations + paid off house
You might have to post in the Race from $2M to $3M group
He's slumming here with us common folk.
Hah.. I don't think I could ever regard millionaires as "common folk".. Having $1M in investments is a hell of an achievement (assuming you're not a trust fund baby)...:)
-
My net worth ex-PPOR has been wallowing in the low $1.9m for months with the sharemarket wallowing. But my salary keeps flowing in and now with the market's recent uptick and October's dividends I suddenly find myself at $1.99m.
A good day in the market or next month's salary will see me there!
$2m has been "the target" since I crossed $1m in early 2013. Looks like 2018 will be the retirement year.
Yaaaaaassssss !!!!
-
My net worth ex-PPOR has been wallowing in the low $1.9m for months with the sharemarket wallowing. But my salary keeps flowing in and now with the market's recent uptick and October's dividends I suddenly find myself at $1.99m.
A good day in the market or next month's salary will see me there!
$2m has been "the target" since I crossed $1m in early 2013. Looks like 2018 will be the retirement year.
Yaaaaaassssss !!!!
Congrats! Is that in AUS?
-
Yes, Australian pesos. But still. Thanks!
-
We hit 7 figures about 4 weeks ago and it's increased each week since. They say the first million is the hardest - they might just be right.
-
Those of you who are worried about growth in $$$ to the point that you leave the pool, you still have nine weeks left for charitable contributions for this year to get back under the line.
-
Dang it! Just as I got here, everyone else is leaving.
-
Dang it! Just as I got here, everyone else is leaving.
Don't worry! I'll be here for awhile!
-
Dang it! Just as I got here, everyone else is leaving.
Don't worry! I'll be here for awhile!
Ahh me too... I'll be here for a while yet.
Well done mjr. Are you on tenterhooks with the ASX creeping up by 1-2 points a day?!?!?
Quite bizarre this level of non-movement in the market the past few days...
-
Dang it! Just as I got here, everyone else is leaving.
Don't worry! I'll be here for awhile!
Ahh me too... I'll be here for a while yet.
Well done mjr. Are you on tenterhooks with the ASX creeping up by 1-2 points a day?!?!?
Quite bizarre this level of non-movement in the market the past few days...
Why are you watching it daily? Especially with it affecting you ("on tenterhooks")?
Is it going to affect your investing in some way?
-
Dang it! Just as I got here, everyone else is leaving.
Don't worry! I'll be here for awhile!
Ahh me too... I'll be here for a while yet.
Well done mjr. Are you on tenterhooks with the ASX creeping up by 1-2 points a day?!?!?
Quite bizarre this level of non-movement in the market the past few days...
Why are you watching it daily? Especially with it affecting you ("on tenterhooks")?
Is it going to affect your investing in some way?
I work for a funds management company. Can't escape it even if I tried ;)
-
Getting closer....
11/16 1.0M
5/17 1.2M
8/17 1.28M
10/17 1.34M
-
We just blew through the $2M mark(!!) partly because of AAPL, which is at an ATH.
It is up 57% over the past year (vs 24% for the S&P500).
It took us about 4 years from when we hit 1M (near the beginning of 2014) to hit $2M. We saved about $200k in that time, so most of the increase was due to increases in the stock market ($800k).
Now I'm in the enviable position of trying to unload some AAPL shares in the most tax-efficient manner possible and the plan is to keep most of my assets in index funds.
-
Congrats CCCA! That is quite an accomplishment. You graduated. On to the next race.....
-
Nice..
I bought $100k's worth of AAPL at $88 back in 2008 ... I sold it when I made 20%.. Since then it has split 7 to 1 and is now at about $185.. Oh my if only I'd kept it..:)
-
Congrats CCCA! That is quite an accomplishment. You graduated. On to the next race.....
thanks! Excited to start RE in a few months!
Nice..
I bought $100k's worth of AAPL at $88 back in 2008 ... I sold it when I made 20%.. Since then it has split 7 to 1 and is now at about $185.. Oh my if only I'd kept it..:)
Yeah I sold some earlier too but bought some dips and it's done very well for me over the past decade.
-
Revalued the properties on my quarterly schedule (Sep 30). NW now $1,048,400, revised goal of $1,075,000 by the end of the year, which will be a $177k gain for 2017 if it happens.
An apartment identical to my investment property sold for $630,000 a couple of weeks ago. I've decided to revalue mine up to $600k (from $580k). Not much at all in the suburb has sold for under $600k for over 12 months now, so that seems like a solid floor.
NW $1,083k, shooting now for a strong finish to get up to $1.1 by year's end. Then have to start looking at what is possible for 2018!
-
Just passed $1M in household net worth (including home equity), so I figured it was time to join this thread!
I'm also participating in the $500K to $1M thread, as I won't feel like a capital-m Millionaire until my account balances hit $1M not counting home equity. :) That story is here:
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg1774470/#msg1774470
Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity). It took 19 years to get here--let's see how long it takes to do it again. They say your first million is the hardest, right? ;-)
-
Good job Zoot. You're nearly there. No doubt the first million is the toughest, in fact you're way past the tough part.
-
Just passed $1M in household net worth (including home equity), so I figured it was time to join this thread!
Welcome aboard, Zoot!
-
Just passed $1M in household net worth (including home equity), so I figured it was time to join this thread!
I'm also participating in the $500K to $1M thread, as I won't feel like a capital-m Millionaire until my account balances hit $1M not counting home equity. :) That story is here:
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg1774470/#msg1774470
Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity). It took 19 years to get here--let's see how long it takes to do it again. They say your first million is the hardest, right? ;-)
First million is the hardest, but I wouldn't know better as I haven't got to 2 yet :)
-
Just passed $1M in household net worth (including home equity), so I figured it was time to join this thread!
I'm also participating in the $500K to $1M thread, as I won't feel like a capital-m Millionaire until my account balances hit $1M not counting home equity. :) That story is here:
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg1774470/#msg1774470
Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity). It took 19 years to get here--let's see how long it takes to do it again. They say your first million is the hardest, right? ;-)
First million is the hardest, but I wouldn't know better as I haven't got to 2 yet :)
I'll vouch for the 2nd M being far easier. However, part of that might be an artifact of luck...that is, coinciding the accumulation phase to this incredible bull market.
-
I agree.. I suspect the bull is on its last legs so accumulation for all of us will likely slow from here.. Nobody really knows though.
-
First million was the easiest for me. Why? I never added up my investments until I was at about $1.5M. It was a surprise to me since the wife and I had small accounts scattered all over the galaxy. None were very big but there were a lot of them. It's also why I did well during the 08 downturn. I didn't even know my Fidelity password. I had moved an old, big 401k to an IRA and half of the money was sitting in a money market account for years. Since those years were 07, 08, 09, it worked out fine.
-
First million was the easiest for me. Why? I never added up my investments until I was at about $1.5M. It was a surprise to me since the wife and I had small accounts scattered all over the galaxy. None were very big but there were a lot of them. It's also why I did well during the 08 downturn. I didn't even know my Fidelity password. I had moved an old, big 401k to an IRA and half of the money was sitting in a money market account for years. Since those years were 07, 08, 09, it worked out fine.
Car Jack! Get outta here! Carry your arse back to your own thread. This place is for us commoners in the 1-2 race.
;)
-
What's your net worth now Car Jack ?
-
You know those things people use when they need to change a tire on their cars?
Yeah, Car Jack invented those. he's worth $Bazillions.
-
Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity). It took 19 years to get here--let's see how long it takes to do it again. They say your first million is the hardest, right? ;-)
It took me 17 years to get to $1mil crossing that threshold on June 1st 2016. But since then things have skyrocketed:
- getting to $1.1mil took me six months;
- from $1.1mil to $1.2mil took five months;
- from $1.2mil to $1.3mil took five months.
It's been 1.5 months since I reached $1.3mil and I'm now less than $50K away from $1.4mil.
-
Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity). It took 19 years to get here--let's see how long it takes to do it again. They say your first million is the hardest, right? ;-)
It took me 17 years to get to $1mil crossing that threshold on June 1st 2016. But since then things have skyrocketed:
- getting to $1.1mil took me six months;
- from $1.1mil to $1.2mil took five months;
- from $1.2mil to $1.3mil took five months.
It's been 1.5 months since I reached $1.3mil and I'm now less than $50K away from $1.4mil.
Wow! Talk about rapid progression. Nice work!
-
It took me 17 years to get to $1mil crossing that threshold on June 1st 2016. But since then things have skyrocketed:
- getting to $1.1mil took me six months;
- from $1.1mil to $1.2mil took five months;
- from $1.2mil to $1.3mil took five months.
It's been 1.5 months since I reached $1.3mil and I'm now less than $50K away from $1.4mil.
Wow! Talk about rapid progression. Nice work!
Thanks!! That is very rapid progression owing to the swelling market of the past year. It wasn't me doing any of the work. It was all my shares pulling the load!! The shares that I purchased when I was ages 22 to 30 are doing most of the work!!
-
It took me 17 years to get to $1mil crossing that threshold on June 1st 2016. But since then things have skyrocketed:
- getting to $1.1mil took me six months;
- from $1.1mil to $1.2mil took five months;
- from $1.2mil to $1.3mil took five months.
It's been 1.5 months since I reached $1.3mil and I'm now less than $50K away from $1.4mil.
Wow! Talk about rapid progression. Nice work!
Thanks!! That is very rapid progression owing to the swelling market of the past year. It wasn't me doing any of the work. It was all my shares pulling the load!! The shares that I purchased when I was ages 22 to 30 are doing most of the work!!
This is a perfect example of why certain people encourage others to stuff their retirement vehicles full to burstin' before they start prepaying their cheap-ass, fixed rate mortgages. It's amazing what your money will do when you steep it in time. Watching your investments earn more than you do is unbelievable. Better still, start early enough and it happens over and over and over again, like magic, only real.
Hooray for your past, present and future selves, Cornbread O'Malley!
-
This is a perfect example of why certain people encourage others to stuff their retirement vehicles full to burstin' before they start prepaying their cheap-ass, fixed rate mortgages. It's amazing what your money will do when you steep it in time. Watching your investments earn more than you do is unbelievable. Better still, start early enough and it happens over and over and over again, like magic, only real.
Hooray for your past, present and future selves, Cornbread O'Malley!
Definitely! The magic of compound interest is something to behold. The wife and I have been slowly saving, and while we are not close to FIRE currently, we just crossed that magical $1M mark, thanks to the beauty of compound interest. Nice seeing our investments do the heavy lifting for us :)
-
Just passed $1M in household net worth (including home equity), so I figured it was time to join this thread!
I'm also participating in the $500K to $1M thread, as I won't feel like a capital-m Millionaire until my account balances hit $1M not counting home equity. :) That story is here:
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg1774470/#msg1774470
Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity). It took 19 years to get here--let's see how long it takes to do it again. They say your first million is the hardest, right? ;-)
First million is the hardest, but I wouldn't know better as I haven't got to 2 yet :)
I'll vouch for the 2nd M being far easier. However, part of that might be an artifact of luck...that is, coinciding the accumulation phase to this incredible bull market.
It took us 30 years on a lower middle class income to hit the 1st Million,
ONLY 6 years to get the 2nd million.
Yes, the bull market helped, and we also started earning more money.
-
I agree.. I suspect the bull is on its last legs so accumulation for all of us will likely slow from here.. Nobody really knows though.
I don't want to start another 'The top is in thread' :-), but I'm starting to hear more and more
good things about the economy. I'm hoping that because of the stagnate growth during the
Obama economy (although the stock market did great) that we will have a greatly extended
bull market.
The scariest thing is so many talking heads are positive on stock market growth, but I haven't seen 'irrational exuberance' yet! :-)
Some good economic news:
"On the day before Thanksgiving, a range of economic statistics from government and private sources show that the economy continues to have positive momentum heading into the year-end holiday spending season. Data on consumer sentiment, the labor market, and orders at the nations factories posted generally favorable results suggesting continued economic growth with a low risk of recession in coming months."
"The October jobs report released Friday shows a healthy job market, with the economy adding 261,000 jobs — good news after September's hurricanes. The unemployment rate is at 4.1 percent, its lowest in 17 years."
"Consumer sentiment hits 98.5 in November vs. 98 estimate
U.S. consumer sentiment gained more than expected from the mid-month reading.
Reuters economists expected the measure to hit 98.
The index reached more-than-a-decade highs in October survey results."
https://www.aier.org/blog/more-good-news-economy
http://www.wbur.org/hereandnow/2017/11/03/2017-october-jobs-report
https://www.cnbc.com/2017/11/22/november-us-consumer-sentiment-index.html
-
Good points BTD
-
So. Who feels special? What's different about us here, this 5% or less of the population?
Oh Hell, I must have slipped past the guards.
I wish I was special.
But I'm a creep, I'm a weirdo.
What hell am I doing here.
I don't belong here.
-
So. Who feels special? What's different about us here, this 5% or less of the population?
Oh Hell, I must have slipped past the guards.
I wish I was special.
But I'm a creep, I'm a weirdo.
What hell am I doing here.
I don't belong here.
Hmm.. yeah imposter syndrome. I certainly feel it. I was out with friends last night and it always comes up... "what do you do".. retired.. WTF?.. You must be rich.. Well of course we're rich duh!
Actually this morning I was crunching some "what if" numbers.. The what if being.. What if our portfolio cratered by 50%?
Well.. it turns out with rental income and a small pension (I could start drawing upon now if I wanted) and using a 3%SWR (on the reduced portfolio) we would have just over two times what our spend was 2 years ago.
Like.. damn we really have ZERO financial worries! (unless we got sued)... But all my friends are at work!
-
I wish I was special.
But I'm a creep, I'm a weirdo.
What hell am I doing here.
I don't belong here.
Poor analogy. Thom Yorke is still w*rking.. ha
-
I wish I was special.
But I'm a creep, I'm a weirdo.
What hell am I doing here.
I don't belong here.
Poor analogy. Thom Yorke is still w*rking.. ha
Looks like he's worth about 45 million. Must enjoy the work.
-
So. Who feels special? What's different about us here, this 5% or less of the population?
Oh Hell, I must have slipped past the guards.
I wish I was special.
But I'm a creep, I'm a weirdo.
What hell am I doing here.
I don't belong here.
Hmm.. yeah imposter syndrome. I certainly feel it. I was out with friends last night and it always comes up... "what do you do".. retired.. WTF?.. You must be rich.. Well of course we're rich duh!
Actually this morning I was crunching some "what if" numbers.. The what if being.. What if our portfolio cratered by 50%?
Well.. it turns out with rental income and a small pension (I could start drawing upon now if I wanted) and using a 3%SWR (on the reduced portfolio) we would have just over two times what our spend was 2 years ago.
Like.. damn we really have ZERO financial worries! (unless we got sued)... But all my friends are at work!
Still working a while longer ourselves. 50 % drop in stocks and we'd still have NW over 1 million. In that kind of market many working people would have lost their jobs. Think we'd still have the advantage.
-
So. Who feels special? What's different about us here, this 5% or less of the population?
Oh Hell, I must have slipped past the guards.
I wish I was special.
But I'm a creep, I'm a weirdo.
What hell am I doing here.
I don't belong here.
Darn you! Now that song is going to be in my head all night long. I can live with it. One of the best songs ever!
-
Like.. damn we really have ZERO financial worries! (unless we got sued)... But all my friends are at work!
I hear umbrella insurance is pretty cheap, get that, and you can have closer to zero financial worries if you want
(I hear, because I've been too lazy to ever look into it in depth)
-
Like.. damn we really have ZERO financial worries! (unless we got sued)... But all my friends are at work!
I hear umbrella insurance is pretty cheap, get that, and you can have closer to zero financial worries if you want
(I hear, because I've been too lazy to ever look into it in depth)
Yes that is on the list.. I "hear" its about $400 or so per year for $2m in coverage.. so yeah its cheap and you get free lawyers to defend you too.
-
Neither of you have umbrella insurance?
And you have a rental property, Frank!
Aggghhh.
Go. Run. Today. Get some umbrella insurance. :)
Way reduce the risk and worry from that "unless we get sued" idea you mentioned.
-
What's your net worth now Car Jack ?
I don't usually calculate net worth, but I guess I could.....
Investments: $2.2M
Bank accounts: $86k (with $27k tuition (semester) + $19k tuition (trimester) coming in December)
House is worth....I don't know. $600k, maybe. 4 cars, total $50k. So today's NW: $2.936M
-
Like.. damn we really have ZERO financial worries! (unless we got sued)... But all my friends are at work!
I hear umbrella insurance is pretty cheap, get that, and you can have closer to zero financial worries if you want
(I hear, because I've been too lazy to ever look into it in depth)
Yes that is on the list.. I "hear" its about $400 or so per year for $2m in coverage.. so yeah its cheap and you get free lawyers to defend you too.
They're not "free" if you don't have an umbrella policy. The most cost-effective legal representation might slip through your fingers if you don't get this insurance in place. Do so, and then hope you never need it. In my state, it's generally bundled with auto insurance, so start there.
-
Yup you guys are right.. I will contact our insurance company today.
-
Shit. I don't have umbrella insurance.
-
Yes and my insurance co won't provide Umbrella coverage as we own/rent a manufactured home.. Currently talking to a local broker to see what he can come up with.
-
What's your net worth now Car Jack ?
I don't usually calculate net worth, but I guess I could.....
Investments: $2.2M
Bank accounts: $86k (with $27k tuition (semester) + $19k tuition (trimester) coming in December)
House is worth....I don't know. $600k, maybe. 4 cars, total $50k. So today's NW: $2.936M
Wow !!
-
Like.. damn we really have ZERO financial worries! (unless we got sued)... But all my friends are at work!
I hear umbrella insurance is pretty cheap, get that, and you can have closer to zero financial worries if you want
(I hear, because I've been too lazy to ever look into it in depth)
Yes that is on the list.. I "hear" its about $400 or so per year for $2m in coverage.. so yeah its cheap and you get free lawyers to defend you too.
They're not "free" if you don't have an umbrella policy. The most cost-effective legal representation might slip through your fingers if you don't get this insurance in place. Do so, and then hope you never need it. In my state, it's generally bundled with auto insurance, so start there.
Wait, somebody help me out here. I own a couple rental properties, rolling them into my NW puts it around 1.2 million (not including equity in primary residence). Do I need umbrella insurance? What does it protect against (what sort of lawsuit)? We have on our list of "things to do" to put the rentals into an LLC, our lawyer said that can help limit the reach of a lawsuit. We haven't done it yet, though. Should we do umbrella insurance, LLC, or both? Thank you! (I realize this is taking the thread way off topic, I usually lurk here and don't plan on joining until we have investable assets excluding property value over 1 million).
-
Yes, get umbrella insurance.
IMO, skip the LLC. A lawyer might tell you otherwise.
Get the umbrella insurance either way though.
-
Thank you! I'm going to look into this today!
-
Hey Acorns, stick around. How you tabulate your NW isn't up to us. We appreciate more thread members.
-
This is a perfect example of why certain people encourage others to stuff their retirement vehicles full to burstin' before they start prepaying their cheap-ass, fixed rate mortgages. It's amazing what your money will do when you steep it in time. Watching your investments earn more than you do is unbelievable. Better still, start early enough and it happens over and over and over again, like magic, only real.
Hooray for your past, present and future selves, Cornbread O'Malley!
Indeed and thanks. Starting young sure does patch up the mistakes. I made some dumb mistakes along the way like: 1) buying three whole-life insurance policies, 2) investing in front-loaded, active-trading mutual funds with super high expense ratios, 3) $50K property investment that I did not truly understand (net return of investment of $0). The life insurance policies are gone as are the rip-off mutual funds. The $50K mistake hurts but broadened my experience in regards to good investments versus bad ones.
The net worth is climbing rapidly, but I still inject in quite a bit of money each month into the current investments. Plus the quarterly dividends and yearly capital gains adds to the pile too.
-
Neither of you have umbrella insurance?
We should probably get it too. No property of anykind, but we drive every now and then, and have dogs. Getting sued wouldn't be impossible.
It's been on my list of things to look into / do for a while. (I'm lazy, it took like two months in Canada before I finally got and installed the SIM card I meant to in the first week).
-
I just posted this link on Frank's journal. I knew I'd seen more chat on this topic, but wasn't sure where. Now I see where. Here you go:
https://forum.mrmoneymustache.com/ask-a-mustachian/buy-umbrella-insurance/msg0/#new
-
State Farm was really competitive at $274 for $2m coverage, Their car insurance sadly was much more expensive than what we currently have (they either want your car and/or your house insurance business in order to write an umbrella policy).
Tomorrow I will ask them to quote on the house.
My problem is; in order to get the umbrella to cover my rentals, I have to get liability coverage on the trailer rental.. The insurance company dropped it last year.
If I can't get liability then I'm sorta screwed.. well only if I get sued of course. In that case when the current renter's lease expires at the end of April we will then be out of the business.
I am liking the "not being a landlord" option to be honest..:)
-
I can join this race now. As of yesterday 11/30 my networth is now $1.01M. Although a market drop could put me back under $1M pretty quickly. But at least I now know the feeling of hitting this milestone.
-
Davids: If the https://forum.mrmoneymustache.com/investor-alley/top-is-in/ thread is correct, you might get to hit the threshold of $1M many times :-)
-
Davids: If the https://forum.mrmoneymustache.com/investor-alley/top-is-in/ thread is correct, you might get to hit the threshold of $1M many times :-)
You are in the race, great job! I have joined the race as well, so we will see each other at the finish line. I suspect however you may find me by the side of the road peacefully reading a book because I have exited this race early. I hope that is the case for me anyhow.
-
End of month = another spreadsheet cell filled in! :)
It's astounding to me to see the monthly increase. We are disciplined savers--we max out two 401(k) accounts and two Roth IRA's every year, plus a little additional savings--but the market run-up has really beefed up the totals.
We'll be paying for some home renovations in the next month or two, which will give us a bit of a "hit" to our numbers, but I may update our home value a bit in my spreadsheet after the renovations are done (maybe about 1/4 of the cost of the actual renovations).
(Posting also in the $500K to $1M thread for liquid assets.)
| Month | Liquid | Net Worth |
Jan-17
| $604K
| $883K
|
| Feb-17 | $622K | $905K |
| Mar-17 | $651K | $930K |
| Apr-17 | $660K | $939K |
| May-17 | $675K | $954K |
| Jun-17 | $694K | $967K |
| Jul-17 | $717K | $991K |
| Aug-17 | $721K | $1,000K |
| Sep-17 | $738K | $1,007K |
| Oct-17 | $762K | $1,033K |
| Nov-17 | $782K | $1,055K |
| Dec-17 | | |
-
Damn, your YTD increase is impressive!
-
End of month = another spreadsheet cell filled in! :)
It's astounding to me to see the monthly increase. We are disciplined savers--we max out two 401(k) accounts and two Roth IRA's every year, plus a little additional savings--but the market run-up has really beefed up the totals.
We'll be paying for some home renovations in the next month or two, which will give us a bit of a "hit" to our numbers, but I may update our home value a bit in my spreadsheet after the renovations are done (maybe about 1/4 of the cost of the actual renovations).
Don't be so sure. I posted the same thing back in September, so far my NW has increased by $40,000 even with paying for a modest whole house remodel and installation of a new 96% efficient furnace and A/C.
-
Nice to have the market providing a boost. I thought it was going to be a maybe that I'd hit my goal for the year but I'm comfortably above it.
2014: $1,008k
2015: Goal $1,150k; Actual $1,191k
2016: Goal: $1,325k; Actual $1,353k
2017: Goal: $1,525k; YTD $1,555k
2018: Goal: $1,750k
2019: Goal >$2,000,000
-
Nice to have the market providing a boost. I thought it was going to be a maybe that I'd hit my goal for the year but I'm comfortably above it.
Same here. This crazy bull market is really giving me a tailwind. I wasn't expecting to join you folks in this thread until late 2018 at least.
To be honest, it's making me more anxious rather than more confident. When I'm blowing past my goals this fast, I worry that these gains can't be real or sustainable. Sooner or later, the markets are bound to come crashing back to earth.
I'm still putting money in, because I want to ride the wave as long as it lasts. But I'd feel a lot better about retiring if there was a downturn, even a little one, before I pull the ripcord.
-
First million was the easiest for me. Why? I never added up my investments until I was at about $1.5M. It was a surprise to me since the wife and I had small accounts scattered all over the galaxy. None were very big but there were a lot of them. It's also why I did well during the 08 downturn. I didn't even know my Fidelity password. I had moved an old, big 401k to an IRA and half of the money was sitting in a money market account for years. Since those years were 07, 08, 09, it worked out fine.
Ha. I've heard that from others, too. They never added it up--and then BOOM! Congrats.
-
Household net worth today is at $1.028M ($785K in investments/cash, $243K in home equity). It took 19 years to get here--let's see how long it takes to do it again. They say your first million is the hardest, right? ;-)
It took me 17 years to get to $1mil crossing that threshold on June 1st 2016. But since then things have skyrocketed:
- getting to $1.1mil took me six months;
- from $1.1mil to $1.2mil took five months;
- from $1.2mil to $1.3mil took five months.
It's been 1.5 months since I reached $1.3mil and I'm now less than $50K away from $1.4mil.
It certainly builds on itself. I wonder how much of it has to do with the bull market.
-
Nice to have the market providing a boost. I thought it was going to be a maybe that I'd hit my goal for the year but I'm comfortably above it.
Same here. This crazy bull market is really giving me a tailwind. I wasn't expecting to join you folks in this thread until late 2018 at least.
To be honest, it's making me more anxious rather than more confident. When I'm blowing past my goals this fast, I worry that these gains can't be real or sustainable. Sooner or later, the markets are bound to come crashing back to earth.
I'm still putting money in, because I want to ride the wave as long as it lasts. But I'd feel a lot better about retiring if there was a downturn, even a little one, before I pull the ripcord.
Same here. This rally just doesn't feel real. It's very fragile, but it real money right now. My invested NW goal for 2017 was 1.7M That is well behind as were approaching 1.85M The FIRE goal is 2M, that could happen next year. Not sure I'd be ready to step off onto this mountain top.
-
Bateaux, You plan to retire in 2019?
If thats the case I would suggest a rebalance now to 70/30 or 80/20. You have plenty of money and can expect some sinificant growth over time with 70% stocks.. But still have bonds to live on for several years.
Just my perspective.
I'm glad to hear this from two of you. I'm graduating in 2019, too. I'm 76% in stocks now. And it's a little higher as I don't include about $20K from a brokerage in that figure. Over the past two years, I've been purchasing bonds with the goal of becoming 70/30.
-
It took me 17 years to get to $1mil crossing that threshold on June 1st 2016. But since then things have skyrocketed:
- getting to $1.1mil took me six months;
- from $1.1mil to $1.2mil took five months;
- from $1.2mil to $1.3mil took five months.
It's been 1.5 months since I reached $1.3mil and I'm now less than $50K away from $1.4mil.
It certainly builds on itself. I wonder how much of it has to do with the bull market.
Probably about 80% of it is due to the market is my guess. The other 20% is my monthly contributions and quarterly dividends.
-
Bateaux, You plan to retire in 2019?
If thats the case I would suggest a rebalance now to 70/30 or 80/20. You have plenty of money and can expect some sinificant growth over time with 70% stocks.. But still have bonds to live on for several years.
Just my perspective.
I'm glad to hear this from two of you. I'm graduating in 2019, too. I'm 76% in stocks now. And it's a little higher as I don't include about $20K from a brokerage in that figure. Over the past two years, I've been purchasing bonds with the goal of becoming 70/30.
I have a Prudential retirement account as well thats worth about 350k, growing at 5% and contributions monthly by my employer of 12% of my salary. That would knock down my stock percentage. I'm currently buying the Vanguard total bond fund as well as a taxable account. Going to try and get a couple of hundred thousand in bond related investment soon, there will still be well over a million in the stock market. Not sure when I'll FIRE. 2019 at the earliest, 2023 at the latest. If I want company provided health insurance that's 2023 at age 55.
-
It took me 17 years to get to $1mil crossing that threshold on June 1st 2016. But since then things have skyrocketed:
- getting to $1.1mil took me six months;
- from $1.1mil to $1.2mil took five months;
- from $1.2mil to $1.3mil took five months.
It's been 1.5 months since I reached $1.3mil and I'm now less than $50K away from $1.4mil.
It certainly builds on itself. I wonder how much of it has to do with the bull market.
Probably about 80% of it is due to the market is my guess. The other 20% is my monthly contributions and quarterly dividends.
Nice work! =-)
-
Is anyone else flirting with the halfway mark over and over? The past week and a half make me think I have a chance of cracking $1.5mil before the end of the year.
-
I think we are around $1.6, but I cant access some of the accounts right now to do a full update (husband's retirement accounts), so I don't really know. Maybe there will be a nice surprise once we finally have that money date.
-
Just back of the napkin math puts us at about 1.9M. currently. Investments and cash. Can't believe we're within 5% of FIRE target. Even a 0% return next year puts us at 2M. Still watching this bull market cautiously. FIRE date is still mid 2019 at the earliest and minimum 2M investments and cash. Unless we find decent health insurance options, will continue to push out the FIRE date to 2023 when eligible for employers plan. Currently $1200 a month for retirees and rising. Single payer seems like a distant dream now. We were so close.
-
Just back of the napkin math puts us at about 1.9M. currently. Investments and cash...
Looking forward to the day you cross the line to $2M!!
-
Just back of the napkin math puts us at about 1.9M. currently. Investments and cash...
Looking forward to the day you cross the line to $2M!!
We crossed the $2M mark sometime in December. $1.95M investments, some cash and other alternative investments puts us around $2.05M. It was quite uneventful as we are young, have a 5 month old in the house and plan to keep on keepin' on.
it's been said before but it's truly amazing how it builds momentum, particularly in a nice bull market. it will be interesting to see what happens in 2018, both in the markets and on these forums...
-
We crossed the $2M mark sometime in December. $1.95M investments, some cash and other alternative investments puts us around $2.05M...
Alright!
-
[/quote]
We crossed the $2M mark sometime in December. $1.95M investments, some cash and other alternative investments puts us around $2.05M. It was quite uneventful as we are young, have a 5 month old in the house and plan to keep on keepin' on.
it's been said before but it's truly amazing how it builds momentum, particularly in a nice bull market. it will be interesting to see what happens in 2018, both in the markets and on these forums...
[/quote]
$2M and you're "quite young".. So how old are you and when do you expect to retire? if you wait 15 years at the average S&P 500 growth rate (assuming 100% stocks) you'd have over $8 million...Awesome..:)
-
We crossed the $2M mark sometime in December. $1.95M investments, some cash and other alternative investments puts us around $2.05M. It was quite uneventful as we are young, have a 5 month old in the house and plan to keep on keepin' on.
it's been said before but it's truly amazing how it builds momentum, particularly in a nice bull market. it will be interesting to see what happens in 2018, both in the markets and on these forums...
[/quote]
$2M and you're "quite young".. So how old are you and when do you expect to retire? if you wait 15 years at the average S&P 500 growth rate (assuming 100% stocks) you'd have over $8 million...Awesome..:)
[/quote]
Me 38, wife is 34. We're both high earners but didn't start really saving (or tracking it) until this year. i would guess our investments were less than $1.1-1.2M at the beginning of this year, and sadly a lot of it was in cash.
hope to retire at 45 but my wife will likely continue to work. we both have the golden handcuffs "problem" but i for one can't wait to step away.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
At $1.36M at end of 2017
NW increase of almost $180k without jobs. I'll take that for markets doing their magic
Happy New Year
-
1.75 at the end of the year, 300kish increase over last, almost all gains with very little of it saving.
-
Happy new year all!
My end of year numbers below; >$200k increase for the first time.
2014: $1,008k
2015: $1,191k
2016: $1,353k
2017: $1,561k
-
Officially graduated from the 500k-1MM race - glad to join this one
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
-
Enjoyed reading the other race threads!
I am 39yr old, married. I work in technology operations, wife works in education.
Numbers below exclude current residence.
April 2015 - hit $1M (yay! big milestone for us :)
August 2016 - $1.2M
Happy investing!
Wow - work and life got me busy, and I had forgotten about this thread until now!
Congratulations to all those that hit their goal!
January 2018 - $1.8
Keep on keeping on! :)
-
Wow, lots of great updates. Keep 'em coming!
-
End of month = another spreadsheet cell filled in! :)
Here we go again! :)
| Month | Liquid | Net Worth |
Jan-17
| $604K
| $883K
|
| Feb-17 | $622K | $905K |
| Mar-17 | $651K | $930K |
| Apr-17 | $660K | $939K |
| May-17 | $675K | $954K |
| Jun-17 | $694K | $967K |
| Jul-17 | $717K | $991K |
| Aug-17 | $721K | $1,000K |
| Sep-17 | $738K | $1,007K |
| Oct-17 | $762K | $1,033K |
| Nov-17 | $782K | $1,055K |
| Dec-17 | $796K | $1,058K |
Investment accounts rose by $14K while net worth rose by $3K; this is because we depleted some cash to pay for renovations that are ongoing at our house and I don't count cash as part of our investment account totals.
Overall gain in NW for 2017 was $175K, and gain in investment accounts was $192K. Astounding--our investment accounts made roughly 2.5x what we put in to them. It's a long way to $2M in NW, but we're an ever-so-tiny bit closer than we were last month. :)
(posting also in the $500K to $1M thread for investments)
-
Reached $1.4 million, which is an awesome way to start of the first business day of 2018. The recent growth spurt looks like this:
- reached $1mil on June 1st 2016;
- getting to $1.1mil took six months;
- from $1.1mil to $1.2mil took five months;
- from $1.2mil to $1.3mil took five months;
- from $1.3mil to $1.4mil took three months.
Interesting to see how long it takes to get to $1.5mil. I'm still actively contributing to taxable and retirement accounts.
-
I just ticked over $1.3m.
I expect to fall back a bit over the next few months as I changed housing and bought for location and bones and am in the mist of modest cosmetic renovations. But I'm excited to see how things go. With the changed I now have an additional $200,000 invested as my previous house was paid for and now I have a modest mortgage of that amount. This also brings my NW minus the primary residence up to over $1m for the first time.
Um, crazy markets, spent close to $40,000 on home renovations up to $1.36 million.
-
I'd be happy to see a slow and steady market going forward. Is that going to happen? Probably not, normally we pump ourselves right over the edge and have to claw our way back up. It's all good though, it all smoothes out in the long ride.
-
I'd be happy to see a slow and steady market going forward. Is that going to happen? Probably not, normally we pump ourselves right over the edge and have to claw our way back up. It's all good though, it all smoothes out in the long ride.
Probably a lot of volatility in the next few years but overall trend is upward. I'm signed up to view Vanguard's webcast tomorrow evening. Discussion will be 2018 outlook, and I'm really looking forward to listening.
-
I'm late to the thread, but I just crossed into the two comma club last month (invested, -NW is more like 1.3M). My current plan is to work hard/save hard until May 2019 when I'll (hopefully) have about 1.3 invested, and then coast/reduce hours while DW works until she gets her pension (2027ish). That should put us over 2M.
-
I'm late to the thread, but I just crossed into the two comma club last month (invested, -NW is more like 1.3M). My current plan is to work hard/save hard until May 2019 when I'll (hopefully) have about 1.3 invested, and then coast/reduce hours while DW works until she gets her pension (2027ish). That should put us over 2M.
Looks good. Good luck building that stash. You've got a powerful portfolio working for you now.
-
I'd like to join this race. I'd been lingering in the race to $1M for a long time now and then realized that I had blown by it a few months ago due to my HSA account that isn't in MINT. So here I am sitting just over $1M and ready to move on. I plan to FIRE at $1.25M or so, I'm eligible to retire from MegaCorp June 7, 2021 and should hit my number by then.
-
Welcome, zoomzip and sisto!
-
Mint isn't very good about HSA's, and--to be honest--neither is Microsoft word. I always need several tries to write those initials there!
-
Welcome, zoomzip and sisto!
Thank you! So glad to be here.
-
4/25/17: First time to cross $1.5MM investments and cash
12/18/17: First time to cross $1.6MM investments and cash
Been ER since 2013, and have not added a dimes worth of earned income; just market gains, dividends, and a WR of about 2% from my boring 65/35 index fund mix, with a bit of stocks thrown in for variety. Thank you Mr. Bogle.
-
Nice!...:)
-
4/25/17: First time to cross $1.5MM investments and cash
12/18/17: First time to cross $1.6MM investments and cash
Been ER since 2013, and have not added a dimes worth of earned income; just market gains, dividends, and a WR of about 2% from my boring 65/35 index fund mix, with a bit of stocks thrown in for variety. Thank you Mr. Bogle.
Did you settle on a place to move to? I recall you were interested in Michigan at one point.
-
You guys have room for one more?
I discovered yesterday that I've crossed the threshold by a nose (TNW >= $1M smackeroos).
I'll just hang out here in the vestibule for a bit whilst my LNW catches up. If 2018 is anything like 2017 that'll be soon.
Meanwhile, I'll try to observe the proper mannerisms: Choosing the right eating utensil for each course, using a cigar cutter, sabering bottles of champagne, you know, typical millionaire stuff.
Back in the 500K-1M group, we're still eating burgers while drinking Budweiser and cheap whiskey so it may take a few months to adjust.
-
You guys have room for one more?
I discovered yesterday that I've crossed the threshold by a nose (TNW >= $1M smackeroos).
I'll just hang out here in the vestibule for a bit whilst my LNW catches up. If 2018 is anything like 2017 that'll be soon.
Meanwhile, I'll try to observe the proper mannerisms: Choosing the right eating utensil for each course, using a cigar cutter, sabering bottles of champagne, you know, typical millionaire stuff.
Back in the 500K-1M group, we're still eating burgers while drinking Budweiser and cheap whiskey so it may take a few months to adjust.
Hmmm, I'm afraid you may have fallen and hit your head as you crossed the threshold, but we do appreciate good manners.
-
Sorry Tempus,
Nobody told you that the more money you earn the cheaper you become.
Great for piling up huge sums under a hugely over stuffed mattress..:)
-
Sorry Tempus,
Nobody told you that the more money you earn the cheaper you become.
Great for piling up huge sums under a hugely over stuffed mattress..:)
Isn't it crazy? I don't want to spend money on anything anymore. When I do it had better have tremendous value per dollar.
-
I knew I wasn't the only one..:)
-
Meanwhile, I'll try to observe the proper mannerisms: Choosing the right eating utensil for each course, using a cigar cutter, sabering bottles of champagne, you know, typical millionaire stuff.
Welcome to the thread! Here's your complementary monocle.
My friends and I actually have sabered open a champagne bottle! We did it as a New Year's Eve stunt a few years ago, long before my millionaire or even MMM-aware days. It's a cool trick and not as hard as it sounds.
-
I'm a little late to this party. We crossed $1M in invested assets last May, and now it's $1.16.
Four months later, we're up $50k (~4%) to $1.21M. Not bad for a third of the year, especially considering we wrote a $25k check mid-summer, plus about $2,500 in other unanticipated/one-time home expenses. Our investment returns haven't been stellar since May, but we just keep plugging away at the tax-deferred accounts.
3.5 months later (end of 2017) we hit $1.3M. 9 days later it's $1.32M. (LNW).
4% of current portfolio covers 100% of our baseline retirement expenses*, plus ~$9k/yr for taxes and healthcare combined. Assuming current ACA rules/subsidies and federal tax rates, we're FI at our baseline spending level.
*not the same as our current expenses, which also include mortgage and various child-related items.
-
Thanks Exflyboy, and add me to the hate to spend $$$ crowd. It's an interesting type of frugality at least for me, based on discipline wrought from a prior life where at one point I had $537 to my name. I never saw $$$ as anything but a tool, but I like my tools well oiled and sharp. My cup runneth over, yet I want less and less, and my already meager possessions continue to shrink. For me, becoming some kind of millionaire caricature would be a near seppuku level of hypocrisy - I could never live with what has always been my greatest fear; to become what I hate. My glide path remains under the radar, all the while contemplating a true final approach as I grow older... Many in my family were not long for this world, and I'm trying to see if I can alter this trajectory.
What a paradox we MMM types truly know, and fully understand; Hit a $10k scratch-off, and most folks would see visions of a new bigger car payment, and a trip to Myrtle Beach; a $10k windfall for MMM types would most likely be added to a 401k, sent to Vanguard to witness the magic of compounding, fund schooling, etc.
David, you remember quite well, and now as then I value and appreciate the advice you gave. I did end up moving, but just a few dozen miles north of where I was. I had to get out of the duplex I was in, into a free-standing rental home so I could have a bit more peace and privacy to consider my next step.
-
I totally can relate to the desire for peace and privacy. Very important!
-
You guys have room for one more?
I discovered yesterday that I've crossed the threshold by a nose (TNW >= $1M smackeroos).
I'll just hang out here in the vestibule for a bit whilst my LNW catches up. If 2018 is anything like 2017 that'll be soon.
Meanwhile, I'll try to observe the proper mannerisms: Choosing the right eating utensil for each course, using a cigar cutter, sabering bottles of champagne, you know, typical millionaire stuff.
Back in the 500K-1M group, we're still eating burgers while drinking Budweiser and cheap whiskey so it may take a few months to adjust.
Hmmm, I'm afraid you may have fallen and hit your head as you crossed the threshold, but we do appreciate good manners.
Well except for the drinking Budweiser, please keep that swill away.
-
You guys have room for one more?
I discovered yesterday that I've crossed the threshold by a nose (TNW >= $1M smackeroos).
I'll just hang out here in the vestibule for a bit whilst my LNW catches up. If 2018 is anything like 2017 that'll be soon.
Meanwhile, I'll try to observe the proper mannerisms: Choosing the right eating utensil for each course, using a cigar cutter, sabering bottles of champagne, you know, typical millionaire stuff.
Back in the 500K-1M group, we're still eating burgers while drinking Budweiser and cheap whiskey so it may take a few months to adjust.
Hmmm, I'm afraid you may have fallen and hit your head as you crossed the threshold, but we do appreciate good manners.
Well except for the drinking Budweiser, please keep that swill away.
I'm actually a Newcastle man, myself. Seems more civilized.
-
The one luxury I've afforded myself is better beer. It's been craft beer for me since the 80s.
-
The one luxury I've afforded myself is better beer. It's been craft beer for me since the 80s.
Same here. Well, since 2014 it's been craft for me. It's unreal what I spend on good beer.
-
The one luxury I've afforded myself is better beer. It's been craft beer for me since the 80s.
Same here. Well, since 2014 it's been craft for me. It's unreal what I spend on good beer.
I have friends that used to home brew, but honestly there are so many micro/pico/fempto brews available today, it seems pointless.
-
@TempusFugit your comment made my day! Funny stuff right there. I spend all my money on fancy wine though. I was also just looking at my 401K and being amazed that at only 10 days into the new year it's up nearly $18K. That just seems ridiculous.
-
I'm a deschutes brewery (mirror pond and pacific wonderland lager) person. Also my little luxury. Lookeee here what the millionaires have in common!
I'm also up about 20K over the month just based on portfolio growth.
-
The one luxury I've afforded myself is better beer. It's been craft beer for me since the 80s.
You reminded me that I should find myself an occasion to sample my favorite beer (https://www.ratebeer.com/beer/delirium-tremens/1039/) more often, I'll try to reproduce something like this pictures, just for this thread :)
(https://upload.wikimedia.org/wikipedia/commons/thumb/0/04/DT_in_Palm_Springs.jpg/2560px-DT_in_Palm_Springs.jpg)
-
You reminded me that I should find myself an occasion to sample my favorite beer (https://www.ratebeer.com/beer/delirium-tremens/1039/) more often.
Mmmmmm, Delirium Tremens--what an awesome beer. Have you tried Delirium Noel?
-
Another craft beer lover here! You can't go wrong with anything Belgian, especially the Trappist brews.
-
You guys have room for one more?
I discovered yesterday that I've crossed the threshold by a nose (TNW >= $1M smackeroos).
I'll just hang out here in the vestibule for a bit whilst my LNW catches up. If 2018 is anything like 2017 that'll be soon.
Meanwhile, I'll try to observe the proper mannerisms: Choosing the right eating utensil for each course, using a cigar cutter, sabering bottles of champagne, you know, typical millionaire stuff.
Back in the 500K-1M group, we're still eating burgers while drinking Budweiser and cheap whiskey so it may take a few months to adjust.
Come in here dear boy, have a cigar. You're going to go far, you're gonna to fly high, you're gonna make it if you try and they're gonna love you!
Welcome!
-
Hi folks! Back to being the poorest guy in the thread.
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
-
HD, welcome to the two comma club!
-
HD is on FIRE! Wow!
-
Hi folks! Back to being the poorest guy in the thread. But hey, after this thread I'm done with this "race" business!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
Nice job.. Yeah I hear ya.. I'll be done with racing at $3M.. No.. Make that 4, ok maybe $5m...:)
-
There needs to be a "Race from $3M to $5M thread"
-
As of Jan 2018 I am officially a millionaire! $1,003,080 net worth. Working toward $2 million.
-
Joining at the 1/2 way pit stop....$1.5 as of 12/31/17!
-
Welcome aboard new 7 figure members. Looking forward to your input and stories. Well done.
-
Hello! Long time lurker yadda yadda. I'm currently doing this race with you all. $1.69M as of 1/10/2018. Here's to a great 2018 everyone!
-
Hello all.
It was recommended to me from Couponvan that I join this thread. I'm currently at about 1.4 mil in invested assets (a mix of a brokerage account, annuity, REIT, 401K, cash and savings). Much of my gains lately have been thanks to the unbelievable stock market and I'm hoping to hit 2 mil within four years at which point I'll consider myself FIRE-D at 48 (I'm currently 44). Happy to be here and add to the discussion or answer any questions.
-
Welcome to you both. Its awesome to see people successfully surfing ahead of the wave.. and getting further and further ahead of it by doing almost nothing..:)
-
6/30/17: 1.002 million, two months shy of my 35th birthday
1/17/18: 1.219 million, 4.5 months after my 35th birthday
Feels like this crazy market has put things into hyperdrive. Hoping I've got enough buffer to remain in the two comma club through the next correction, but who knows?
-
Welcome to you both. Its awesome to see people successfully surfing ahead of the wave.. and getting further and further ahead of it by doing almost nothing..:)
Thanks Exflyboy. It was certainly quite a looong journey from 0 to 1 million. Thought I would never get there. Hoping the 2nd is much easier and faster, which I hear it is (knock on wood).
-
Welcome to you both. Its awesome to see people successfully surfing ahead of the wave.. and getting further and further ahead of it by doing almost nothing..:)
Thanks Exflyboy. It was certainly quite a looong journey from 0 to 1 million. Thought I would never get there. Hoping the 2nd is much easier and faster, which I hear it is (knock on wood).
The first $1.0 MM took just over 40 years. The second $.5 took around 5. I'd say the curve is speeding up....That's a good thing!
-
Yes same here.. second million took 4.5 years.. Of course a raging bull market helped.
Maybe my third one will be here in 2 years eh?.. :)
-
Yes same here.. second million took 4.5 years.. Of course a raging bull market helped.
Maybe my third one will be here in 2 years eh?.. :)
Bull market + compound interest = victory! 😬
-
Welcome to you both. Its awesome to see people successfully surfing ahead of the wave.. and getting further and further ahead of it by doing almost nothing..:)
Thanks Exflyboy. It was certainly quite a looong journey from 0 to 1 million. Thought I would never get there. Hoping the 2nd is much easier and faster, which I hear it is (knock on wood).
The first $1.0 MM took just over 40 years. The second $.5 took around 5. I'd say the curve is speeding up....That's a good thing!
Welcome to both of you. It does seem like it just gets easier. The more you've got the more ducats that are earning more ducats. It's a very cool snowball.
-
Back to being the poorest guy in the thread.
Nope, that would be me! Wasn't planning to make it here so soon, but with the recent market gains, I've somehow stumbled my way over here (at least until a correction comes along)!
1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)
-
Back to being the poorest guy in the thread.
Nope, that would be me! Wasn't planning to make it here so soon, but with the recent market gains, I've somehow stumbled my way over here (at least until a correction comes along)!
1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)
Damn....whatever it is you are doing, keep it up - talk about a sprint!!
-
Damn....whatever it is you are doing, keep it up - talk about a sprint!!
I got incredibly lucky and was able to pull myself out of debt quickly. After that, I was too afraid of squandering that luck to continue to make bad financial decisions.
-
Nope, that would be me! Wasn't planning to make it here so soon, but with the recent market gains, I've somehow stumbled my way over here...
lol. Welcome aboard!
-
The race is on, just crossed the first line yesterday, not to shabby for a high school grad. Hoping for $2M in 12 mores years at 63. If not, I am done with the grind regardless :)
(http://thetechhouse.myqnapcloud.com/~fmzip/7digits.jpg)
-
$1.06M now. Progress is slower as we're cutting our income (both going to work 0.6FTE). Should be worth it though :-)
-
Awesome.. congratulations..:)
-
$1.06M now. Progress is slower as we're cutting our income (both going to work 0.6FTE). Should be worth it though :-)
Congratulations HaH - hopefully the market will do more of the work for you now and you can cut back that 0.6 FTE even further!
Our employers won't let us work less than 0.6FTE! I suspect as we get closer to FIRE one of us will quit work entirely while the other one works 0.6FTE. Which sounds like a great setup to me!
-
Whiplash to $1.4M total and over $1M in mutual funds. Heck I'm still shaking my head that even when I spend money my NW goes up.
-
Joining the race as well.
We didn’t start really tracking this until March of last year.
NW 3/2017: $855K
NW 1/2018: $ 1,126K (+24%)
Hoping to knock out the 2nd mortgage in the next 6 months and have the primary as the only liability on our balance sheet.
It’s been fun to go back read this thread all the way through.
-
Joining the race as well.
We didn’t start really tracking this until March of last year.
NW 3/2017: $855K
NW 1/2018: $ 1,126K (+24%)
Hoping to knock out the 2nd mortgage in the next 6 months and have the primary as the only liability on our balance sheet.
It's going to rocket higher from here.
It’s been fun to go back read this thread all the way through.
My apologies, I've been whining and crying on this thread for years. 1969k currently. Don't look back. Good luck.
-
Back to being the poorest guy in the thread.
Nope, that would be me! Wasn't planning to make it here so soon, but with the recent market gains, I've somehow stumbled my way over here (at least until a correction comes along)!
1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)
Wow, look what you did between 2013 and 2016. That's impressive. Welcome.
-
Thats a very impressive run.. Well done.
-
We'll see if I RE before this race is done. I hope so; might require a couple of facepunches to reduce our budget further (biggest offenders are food, gifts for kids - ours and others).
I'm including home equity; planning to sell the house and move to a lower COLA.
12/2011: $244k
12/2012: $344k
12/2013: $446k
12/2014: $541k
12/2015: $674k
12/2016: $822k
12/2017: $1071k
1/2018: $1092k or so after today's drop
-
We hit 2M in the New Year thanks to increased income, a bit of real estate equity run-up and the raging stock market (although haven't done the calculations today when the DOW dropped). Still pinching ourselves as we started as immigrants in the US with about $5K with 2 years work experience in our home country before moving here. Took 13 years to $1M and 3 years to get to $2M. Made a lot of mistakes along the way.
Our goal is 2.5M with paid off house since we live in VHCOL area and all our family is here. Probably going with FAT Fire as we luckily enjoy our jobs - for now. Celebrated by eating out at the local Pho Noodle house.
2004 - ~$5K
2006 - $66K
...too scared to look at balances when Great Recession hit
2009 - $450K
2013 - $760K
2014 - $900K (started to double down and get serious with MMM and Bogleheads)
2015 - $1.2M
2016 - $1.5M
2017 - $1.93M
Jan 2018 - $2.045M
-
First day of a new month--time for another update! :)
| Month | Liquid | Net Worth |
Jan-17
| $604K
| $883K
|
| Feb-17 | $622K | $905K |
| Mar-17 | $651K | $930K |
| Apr-17 | $660K | $939K |
| May-17 | $675K | $954K |
| Jun-17 | $694K | $967K |
| Jul-17 | $717K | $991K |
| Aug-17 | $721K | $1,000K |
| Sep-17 | $738K | $1,007K |
| Oct-17 | $762K | $1,033K |
| Nov-17 | $782K | $1,055K |
| Dec-17 | $796K | $1,058K |
| Jan-18 | $836K | $1,095K |
How can it POSSIBLY be that our net worth rose $37K this month--or, even more mind-boggling, that our investment accounts rose by $40K? It still boggles my mind.
Yes, we added our usual ~$7K through savings in tax-deferred accounts, employer match, and post-tax savings, so I suppose that made our actual investment account GAIN "only" $33K. Still--wow.
We made another payment of 7K to our contractors on our home renovations (we'll pay the last $1K next month and will be done with that for a while).
Here's to a successful February for everybody!
(posting also in the $500K to $1M thread for investments)
-
The January numbers are in, and they look good.
LNW TNW
Jan 2018 - 846K / 987K
Feb 2018 - 880K / 1.02M
+33K on the year so far.
I'm trying to prepare psychologically for the downturn. It could be ugly after such a run up.
But.. I bet the market will be higher 5 years from now than it is today.
-
$93K for the month of January! Pretty sure this is my best month ever!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
-
Some how increased 100k this month....all gains. It's starting to scare me a little bit. But heck, another 10% boost and we'll clear 2m
-
Got within 31K of the 2M club. With the 666 selloff much farther away now.
-
A robust bear market might knock me out of this group. It's been nice being with you guys!
-
A robust bear market might knock me out of this group. It's been nice being with you guys!
Shake it off Texan. You should know being from Texas bull riding comes with some falls. Keep with your plan and you'll forget all about this dip when the bull charges again. Yah Hoo!
-
Haha.. I'm back into this group from above..:)
-
Welcome back exflyboy!
-
Thanks.. I think a few more might be coming with me..:)
I'm about 1.5 new Tesla's down!
-
Like I saw in another thread. Isn't it great to be able to lose tens of thousands, hell hundreds of thousands in a few days and joke about it? We've seen these bumps hit over and over on this journey and aren't easily shaken out.
-
Well exactly!.. How does one actually drive 1.5 Tesla's at the same time anyway?..:)
Actually for those of us who have been through the 2008 bloodbath and realised that we not only lived through it..but was the time we made most of our money!.. well shoot.. Bring it on..:)
-
Well exactly!.. How does one actually drive launch 1.5 Tesla's at the same time anyway?..:)
.... shoot.. Bring it on..:)
Edit for relevance...
https://www.reddit.com/r/spacex/comments/7vghiw/falcon_heavy_launches_to_mars_orbit_tomorrow_if/
-
Thanks.. I think a few more might be coming with me..:)
I'm about 1.5 new Tesla's down!
3's or X's....? ;-)
-
Like I saw in another thread. Isn't it great to be able to lose tens of thousands, hell hundreds of thousands in a few days and joke about it? We've seen these bumps hit over and over on this journey and aren't easily shaken out.
Bateaux - I definitely wouldn't call it "great". LOL! But, I know what you're saying. :0)
-
I'm down $86k. Boo. In good news though, I had a buy order that was delayed to Monday instead of Friday, so I will got the Monday close price. At least I've got that going for me! :)
-
I don’t know or care how much I’m down but I am investing my end if Year bonus daily! Of course my inner worrier is hoping I’m not catching s falling knife but my rational side has prevailed
-
Haha.. I'm back into this group from above..:)
Haha, why do I not believe you?
-
Haha.. I'm back into this group from above..:)
Haha, why do I not believe you?
Well depends what part of our NW your counting and.. I haven't actually added it up.. Its probably true though...;)
-
So I got paid today which means I've updated my spreadsheet. I'm showing a loss of $93k since 2/1 and ignoring what just got added to the stash today. Would need at least another 18% drop off yesterdays closes to start to edge out of this group (at least temporarily).
What's strange, my spreadsheet also tracks 6 funds (total US, total world ex US, total bond from Vanguard and Fidelity) as a yardstick, and on the rise up in January I wasn't too surprised to see the bond funds trending negative just over 1%. I was surprised today to see they continued that trend and are almost -2% YTD. That taps out my level of sophistication, I guess someone else would know how to check inflows/outflows into various sectors and stocks versus bonds, but that suggests that the sellers don't appear to be flowing into bonds, at least not enough to raise those values. Where are they going, cash? Maybe to pay for margin calls they made to trade cryptocurrency?
I know it doesn't mean much in the important long term, but it gives a hint that this sell-off isn't fundamental and is likely to be temporary. Can't do much about it, we've already leaned our cash position (almost too much for DW's taste), so pretty much every $ that comes in either pays expenses or gets invested immediately, but I get the feeling this "buying opportunity" will be relatively short; at least I got one payday during it, here's hoping to another!
-
It's times like these, watching over 100k melt away that make it worthwhile to still be working. It was fresh gains in a mania market and probably will drop more. Oh well, I'm buying.
-
Still hanging in there and still have a decent buffer, but if this turns into a full-blown bear market I might crash out of this group.
-
It's times like these, watching over 100k melt away that make it worthwhile to still be working. It was fresh gains in a mania market and probably will drop more. Oh well, I'm buying.
Funny how 'losing' about the same amount from the peak, has us feeling different emotions. Even fully ER'd in spend-down mode, and not having worked for about 4 yrs, I'm absolutely calm, and almost comatose about this correction... I only know I'm down about $108k from the peak on paper, cause I had to go to VG and update a beneficiary. Come what may come I continue to stick to my plan, continue to live WAY under my means, and grateful for every day I don't have to work.
Having been an investor since just after the 87 crash has taught me a lot, and puts much into perspective; the 2008-ish time period, really was an acid test to see if you could truly stick by your convictions, and live your investing truth. Remember the pundits literally saying it was the end of the USA, Dow down daily for what seemed a never bottoming panic eternity, martial law suggested, etc... It was an absolutely binary choice, and I accelerated $$$ additions into the market and stocks. Hell, if the USA went bust, we all would anyway, but as it turns out choices then have my ER finances in a much better position. This recent blip, does not even make my radar, and would have to drop a hell of lot more, before I would be even remotely"anxious".
-
@Holyoak Actually it almost WAS the end of the economy! I just hope we have learned something since then.. OK, of course we haven't, now we have VIX derivatives that have been bid up to insanely high levels and all have to come crashing down.
Thankfully this time it looks like these silly pieces of paper (laughingly called securities) have not been allowed to go on for too long before collapsing the the credit defaults did back in 2008.
Maybe thats why these corrections are considered healthy?
Its also interesting about emotional responses. The "loss aversion" where the bad feelings associated with a "loss" are far more powerful than then the happy feelings associated with the same sized "gain".
Like you I stuck with it during 2008, eventually went to a 100% stock (ETF) portfolio and near the bottom came up with cash I was finding under the cushions. Best thing I ever did. In fact most of my gains today are a result of that strategy.
Would I do that if the same thing happened today?.. Probably not as being RE'd now, one still has to eat..:).. And if you have already won the game there is no sense in betting the farm to get more.
-
Doing monthly updates now. Looks like I just barely managed to post a gain for the month thanks to the market correction.
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
-
pretty impressive increase of $600 K in two years, Herbert!
-
^ you're comfortably in compared to me. I'm only $498.00 over the $1MM mark as of this morning. I will do myself the favor of not recalculating it tonight.
-
^ you're comfortably in compared to me. I'm only $498.00 over the $1MM mark as of this morning. I will do myself the favor of not recalculating it tonight.
Sorry, your second comma has been revoked. ;)
-
First day of a new month--time for another update! :)
| Month | Liquid | Net Worth |
Jan-17
| $604K
| $883K
|
| Feb-17 | $622K | $905K |
| Mar-17 | $651K | $930K |
| Apr-17 | $660K | $939K |
| May-17 | $675K | $954K |
| Jun-17 | $694K | $967K |
| Jul-17 | $717K | $991K |
| Aug-17 | $721K | $1,000K |
| Sep-17 | $738K | $1,007K |
| Oct-17 | $762K | $1,033K |
| Nov-17 | $782K | $1,055K |
| Dec-17 | $796K | $1,058K |
| Jan-18 | $836K | $1,095K |
| Feb-18 | $823K | $1,087K |
We paid the last of our installments ($7K) for the home renovations, and now will start saving for the next round (finishing the basement). I upped the value of our home in our net worth calculations by a few thousand to account for the completion of the renovations.
The wild swings in the market affected the numbers, of course, but not horribly so. Looks like we're off to another bumpy start here in March with the announcement of the increase in tariffs on aluminum and steel; should be fascinating to watch how that plays out.
Onward!
(posting also in the $500K to $1M thread for investment value)
-
Joining at the 1/2 way pit stop....$1.5 as of 12/31/17!
$1.54 as of 1/31/18
$1.53 as of 2/28/18
This is a 3 paycheck month and also a bonus month. Hoping March looks better for the markets. We're probably going to hit a standstill this year with a basement renovation and the college tuition gauntlet starting.
-
I've stalled a bit too this year with the market gyrations. Haven't really progressed at all in the last two months.
Better than being down, but have been feeling like I'm a hamster spinning a wheel...
-
I've stalled a bit too this year with the market gyrations. Haven't really progressed at all in the last two months.
Better than being down, but have been feeling like I'm a hamster spinning a wheel...
I hear ya Marty. Especially after the past year where it felt like an express train chugging along nicely towards FIRE. Now, it seems more like a roller coaster or a local train that keeps going backwards and forwards. We just have to stay calm, remain on the train and hopefully it picks back up after a little while. I'm trying to decide when I may want to throw some extra into the markets (maybe when it hits 22,000/23,000), but they aren't behaving normally :0). Oh well, it was a great ride while it lasted.
-
Count me in. I love these threads as I like seeing progress over time. I'm carrying over my progress from the 500k-1m thread if that's OK..
I'd like to join to help motivate me. Currently at $540k and hope to hit the big 1M in the next couple of years.
I made it to $748k! Keep saving everybody!!
I made it to $988k and was getting excited... and then taxes hit! Looks like it'll be another few months yet :(
I finally did it!! Crawled over the line to $1,000,330 today! Feels pretty surreal. Never thought I'd actually be worth a million dollars. Now I guess I keep on saving towards the next million!
Currently at $1.11m. Don't really have a goal number at this point. I love running my own business so just tryna ride it out as long as possible and "make hay while the sun shines" as they say.
Passed the half way point! Somehow we have $1.535m. Not sure how long the next 0.465 will take but I'll report back if we get there!
It took a little longer than I’d hoped due to the market being a douchebag lately but we Just hit 2 million today! We’re officially multi-millionaires I guess! I crunched the numbers and I think our “fat fire” number is around 2.5-3M so I’ll probably keep trucking away till we hit that, then I’m not sure what I’ll do.
-
Congratulations webguy! I look forward to seeing you in the post-FIRE section!
-
Joining.
Mint puts me at $1.625MM today including my primary residence... If I remove that equity I'm at about $1.4MM invested. I should be able to get to 2MM invested in about 4-5 years if the market plays nice.
However, my mortgage still has about 12 years left.. and I work from home so my job is not high-stress... so I will probably keep chugging along for a bit past 2MM - Would actually like to see the PseudoStache turn into 3MM invested before I call it quits... but if life gets in the way... or I start hating or lose my job, I'll FIRE with a little a little real estate investing on the side.
I can taste the Primary Residence $2MM Net worth! Mint has us at $1.945MM today.
Without Primary: $1.720MM (ie. $225K Home Equity)
Last April I had Zillow doing my Primary valuation through Mint - Since then, I've decided to enter in my valuation manually and am holding it at a fairly conservative "Sell it NOW!" price... If Zillow had it's way I'd be over the $2MM mark today.
Over the next 10 months, we are set to contribute another $40K - $50K to various accounts, so if we don't experience a correction, and end up just +1% from now till 12/31, I should hit the Primary Residence milestone this year!
-
Got used to the steady incline where net worth could easily go up 5-10k in a day. Now it’s 2 steps forward and one step back and the journey to the next 100k marker is painful.
-
Got used to the steady incline where net worth could easily go up 5-10k in a day. Now it’s 2 steps forward and one step back and the journey to the next 100k marker is painful.
I like it when the market doesn't make huge jumps. Higher highs and higher lows excite me.
-
I can say that these wild swings every day are helping break my habit of checking balances very often. By the time I look, it's changed again by significant amounts.
Even with all the drama, the S&P is up almost 3% so far on the year. If that keeps up and we have a 10-12% return on the year, I think that would be the bee's knees.
-
I agree.
Since my NW started bouncing around more of late, I have stopped looking so much. Which is how it should be.
For the 20+ years before I came across the Concept of FIRE, in my search to find a way out of the 9-5, I rarely looked at my NW. In fact, my knowledge of my net worth was a bit grey and fuzzy to be honest. I had some general idea of what I was worth and that was enough.
But then I started tracking my pathway to FIRE and telling DW about every $5K rise. It’s a bit of a relief that some market volatility has steered my obsessions elsewhere. I know that over the loooong term it will rise and I am caring less and less what is going on each day or week.
I hope this trend continues. It was a bit silly working my outmy NW most weeks.
-
I'm new and would like to join! I'm 34 and my husband is 38. We don't have a solid plan of when we will retire because we both enjoy our jobs right now and don't want to leave them. I only work 1-2 days per week but he is still working FT. As of today our NW is $1,198,693.75 without our home equity and 1,648,223.42 with it.
-
I'm new and would like to join! I'm 34 and my husband is 38. We don't have a so,I'd plan of when we will retire because we both enjoy our jobs right now and don't want to leave them. I only work 1-2 days per week but he is still working FT. As of today our NW is $1,198,693.75 without our home equity and 1,648,223.42 with it.
Welcome Megs! You're solidly in the race.
-
Seem to have lost a Tesla again. A Model X 90D.
-
Seem to have lost a Tesla again. A Model X 90D.
Ouch
-
Seem to have lost a Tesla again. A Model X 90D.
Ouch
No big deal. Planning to work till at least 2020 now building the war chest.
-
Yup my 1.5 Teslas have left the garage again.... I hope they come back and bring their offspring..:)
-
How much does a Model X 90D go for? Google says starting MSRP at $93,500. If that's the $ amount you're assuming for a Tesla, that's 0.45 Teslas out the door for me between retirement and the investment accounts. Ugh. Fingers crossed they come back and bring other cars with them.
-
How much does a Model X 90D go for? Google says starting MSRP at $93,500. If that's the $ amount you're assuming for a Tesla, that's 0.45 Teslas out the door for me between retirement and the investment accounts. Ugh. Fingers crossed they come back and bring other cars with them.
I'd add a premium package and round my losses up to 100k, maybe a bit more. Getting into 100D range
-
How much does a Model X 90D go for? Google says starting MSRP at $93,500. If that's the $ amount you're assuming for a Tesla, that's 0.45 Teslas out the door for me between retirement and the investment accounts. Ugh. Fingers crossed they come back and bring other cars with them.
I'd add a premium package and round my losses up to 100k, maybe a bit more. Getting into 100D range
You got a 2nd hand base model back today 😁
-
And then you lost it again.
-
2019 is making my choice to push the FIRE date out an easy one.
-
2019 is making my choice to push the FIRE date out an easy one.
Wait, what happens in 2019 and can I get a ride in the DeLorean?
-
2019 is making my choice to push the FIRE date out an easy one.
Wait, what happens in 2019 and can I get a ride in the DeLorean?
lol
I'm feeling the need to actually work the next year vs. quit now and let the DH continue working and spending. It's easier to quit when the market is going up than down....
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
What a roller-coaster, doing +/- 30k+ on any given day is exhilarating :/ (TRADE WARRRRRRRRRRRRR)
-
I welcome these up and down swings in the market. I figure as long as I keep contributing to my investments as I've done for the past 18 years this volatility is going to leave me in a stronger financial position when I RE in 17 months.
-
I welcome these up and down swings in the market. I figure as long as I keep contributing to my investments as I've done for the past 18 years this volatility is going to leave me in a stronger financial position when I RE in 17 months.
I keep giving myself similar pep talks too..... But, I can’t help but get a little frustrated busting my a$$ shovelling into a leaky bucket, where it feels that no matter how fast i shovel the leaks are draining my bucket even faster.
Of course last year I was also shovelling really hard, but the heavens were raining down so hard on my bucket that the rain was filling my bucket even faster than my shovelling was filling it.
-
I welcome these up and down swings in the market. I figure as long as I keep contributing to my investments as I've done for the past 18 years this volatility is going to leave me in a stronger financial position when I RE in 17 months.
I keep giving myself similar pep talks too..... But, I can’t help but get a little frustrated busting my a$$ shovelling into a leaky bucket, where it feels that no matter how fast i shovel the leaks are draining my bucket even faster.
Of course last year I was also shovelling really hard, but the heavens were raining down so hard on my bucket that the rain was filling my bucket even faster than my shovelling was filling it.
You need a new metaphor. As soon as you buy you no longer have money. It's equity, so if you don't sell anything you haven't lost anything. You still have exactly the same number of shares, and the $ number is just imaginary. The bucket analogy doesn't work.
Instead you can get excited about shares going on sale. If gas went down to $1/gallon would you get upset that the gas sitting in the tank of your car is worth less? No! You'd go top it off.
-
Hold on and go for the RIDE!!!!!!!!!!!!!!!
I'm sitting at
655k in 401k (taken a beating lately but still smiling)
590k in Vanguard (after tax) ( will be happy when market goes up, but ive got plenty of time)
350k lump sum pension I will receive in 3 years time.. .My fire date is jan 2021
I hope to hit the 2mil mark by the fire date I want.. But if I'm close, it wont matter
Currently dumping 20k a month into my vanguard account and 2900 in 401k plus a company match of 7percent on gross.
So looks like as long as nothing catastrophic happens, I will be at 2.2 by the time my fire date hits.
Holding back on selling my home, as its paid for and has renters in it now.. I'm living of the rental income at the moment.....
total bills right now are less than 1k a month (living in Thailand) and my spending ranges each month... even though I'm not spending much, I'm still trying to cut spending lol
FIRE HERE I COME
-
I welcome these up and down swings in the market. I figure as long as I keep contributing to my investments as I've done for the past 18 years this volatility is going to leave me in a stronger financial position when I RE in 17 months.
I keep giving myself similar pep talks too..... But, I can’t help but get a little frustrated busting my a$$ shovelling into a leaky bucket, where it feels that no matter how fast i shovel the leaks are draining my bucket even faster.
Of course last year I was also shovelling really hard, but the heavens were raining down so hard on my bucket that the rain was filling my bucket even faster than my shovelling was filling it.
You need a new metaphor. As soon as you buy you no longer have money. It's equity, so if you don't sell anything you haven't lost anything. You still have exactly the same number of shares, and the $ number is just imaginary. The bucket analogy doesn't work.
Instead you can get excited about shares going on sale. If gas went down to $1/gallon would you get upset that the gas sitting in the tank of your car is worth less? No! You'd go top it off.
I read a good analogy that Warren Buffett used somewhere, in which he compared stock ownership to owning a bunch of chickens, which you purchased for the eggs (dividends). The stock price is more akin to your weird neighbor yelling over the fence how much he thinks your chickens are worth, and it changes every day. You shouldn't really care what he thinks your chickens are worth because you're not selling them, so long as they keep laying eggs. And when chickens are cheap, you maybe buy some more.
-
Hold on and go for the RIDE!!!!!!!!!!!!!!!
I'm sitting at
655k in 401k (taken a beating lately but still smiling)
590k in Vanguard (after tax) ( will be happy when market goes up, but ive got plenty of time)
350k lump sum pension I will receive in 3 years time.. .My fire date is jan 2021
I hope to hit the 2mil mark by the fire date I want.. But if I'm close, it wont matter
Currently dumping 20k a month into my vanguard account and 2900 in 401k plus a company match of 7percent on gross.
So looks like as long as nothing catastrophic happens, I will be at 2.2 by the time my fire date hits.
Holding back on selling my home, as its paid for and has renters in it now.. I'm living of the rental income at the moment.....
total bills right now are less than 1k a month (living in Thailand) and my spending ranges each month... even though I'm not spending much, I'm still trying to cut spending lol
FIRE HERE I COME
You're saving $23,000 a month?.. What do you for a living.. Rob banks?.:)
-
LOL No bank robber here
Oil and Gas construction...
-
Holy shit!
-
First day of a new month--time for another update! :)
| Month | Liquid | Net Worth |
Jan-17
| $604K
| $883K
|
| Feb-17 | $622K | $905K |
| Mar-17 | $651K | $930K |
| Apr-17 | $660K | $939K |
| May-17 | $675K | $954K |
| Jun-17 | $694K | $967K |
| Jul-17 | $717K | $991K |
| Aug-17 | $721K | $1,000K |
| Sep-17 | $738K | $1,007K |
| Oct-17 | $762K | $1,033K |
| Nov-17 | $782K | $1,055K |
| Dec-17 | $796K | $1,058K |
| Jan-18 | $836K | $1,095K |
| Feb-18 | $823K | $1,083K |
| Mar-18 | $812K | $1,081K |
Another rough month; overall net worth was boosted by the addition of the $5K to the value of our house in our balance sheet, and we made our usual retirement account contributions and accrued the usual company match, but still pretty brutal. Still, NW is up roughly 16% over this time last year; I'll take it!
Onward!
(posting also in the $500K to $1M thread for account balance)
-
Since we're all millionaires here, I figure I can share another milestone that I didn't expect to pass: 2017 is the first year in which my wife and I are not allowed to make direct contributions to Roth IRA's (our income is too high).
My wife is setting up a backdoor Roth.
I faxed paperwork in to convert all my contributions to 2018 contributions. (capital gains distributions were what put us too high, and I do not expect those to repeat this year)
If we wind up too high again in 2018, I'll just take it out and pay down some debt. Probably what I should have been doing anyway.
-
We got into the phaseout zone for Roth, which was a pain in the neck. Figured it out with taxes. Had to pull out "excess contributions" for 2017 which means that we'll be taxed on the gains as if they were in a brokerage account. I won't complain.....the reason we made so much was because of my employer's stock flying way up. It is fun to get about $60k extra money, but having to undo Roth wasn't fun. For 2018, we'll wait till our taxes are complete before putting in dime one.
-
I know there is not a lot of love for American Funds on this site. (they are the custodians of my Roth)
Within eight hours of my faxing the "excess contributions" form to them, they had reflected the changes in my online account. All those extra fees must pay for something 8-)
But--thinking about how to manage Roth contributions in the phase-out zone, I think I would take the "lump sum at the start of the year" approach:
Step 1: contribute $5,500 on Jan 1; these are 2018 contributions made on 1/1/2018
Step 2: start setting aside 2019 contributions into a separate savings account, $458.33 each month.
Step 3: Now it's Feb 2019: I am doing my taxes for 2018 and know what my AGI will be...this allows me to roll any excess contributions from 2018 forward to 2019 (the nice thing is that you can also do an annual rebalance within your Roth at this time)
Step 4: I can fill out my 2019 contributions up to $5,500 from what I was saving monthly
Step 5: re-adjust monthly set aside for Roth based on what's left
Gosh, this still looks like a pain. But it's really only making one Roth contribution per year, which sounds a lot simpler than the 17 I made for tax year 2017 ;-)
-
I am mainly a lurker here at MMM, but I have been waiting for the day when I can post on this thread! Our official networth is finally upwards of $1M at $1,003,225.49. I am so proud of myself for making the decision to turn mine and my husbands financial lives around. Strangely enough, the book that started me on this journey was Smart Money, Smart Kids by Dave Ramsey and his daughter. I have no idea how long it will take us to reach $2M - my husband is a high income earner, but I am not, so it will most likely be years and years. I am just so happy and feel so lucky to be here though!
-
I am mainly a lurker here at MMM, but I have been waiting for the day when I can post on this thread! Our official networth is finally upwards of $1M at $1,003,225.49. I am so proud of myself for making the decision to turn mine and my husbands financial lives around. Strangely enough, the book that started me on this journey was Smart Money, Smart Kids by Dave Ramsey and his daughter. I have no idea how long it will take us to reach $2M - my husband is a high income earner, but I am not, so it will most likely be years and years. I am just so happy and feel so lucky to be here though!
Barring a major stock market correction, I predict you will cross the finish line of this race in under 7 years.
-
I am mainly a lurker here at MMM, but I have been waiting for the day when I can post on this thread! Our official networth is finally upwards of $1M at $1,003,225.49. I am so proud of myself for making the decision to turn mine and my husbands financial lives around. Strangely enough, the book that started me on this journey was Smart Money, Smart Kids by Dave Ramsey and his daughter. I have no idea how long it will take us to reach $2M - my husband is a high income earner, but I am not, so it will most likely be years and years. I am just so happy and feel so lucky to be here though!
Awesome LindseyS !
Just remember, you can only leave this thread in the upward direction (race 2M+ etc), even if there is a market correction/crash. A major Antimustachian move will be forgiven if you repent and rejoin us :-).
-
I am mainly a lurker here at MMM, but I have been waiting for the day when I can post on this thread! Our official networth is finally upwards of $1M at $1,003,225.49. I am so proud of myself for making the decision to turn mine and my husbands financial lives around. Strangely enough, the book that started me on this journey was Smart Money, Smart Kids by Dave Ramsey and his daughter. I have no idea how long it will take us to reach $2M - my husband is a high income earner, but I am not, so it will most likely be years and years. I am just so happy and feel so lucky to be here though!
Awesome LindseyS !
Just remember, you can only leave this thread in the upward direction (race 2M+ etc), even if there is a market correction/crash. A major Antimustachian move will be forgiven if you repent and rejoin us :-).
You would likely get there in a decade-ish even if you didn't put in another dime.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
At $1.36M at end of 2017
NW increase of almost $180k without jobs. I'll take that for markets doing their magic
At $1.35M at end of Q1 2017*. Down a little bit, but it's almost lost in the rounding error. That run up couldn't have lasted for ever, but given the previous years gains, I'll take it. We'll see how we keep doing without jobs.
*Being retired, not contributing anymore, and busy with travel and life, I am not being as good about updating our financials at regular intervals, so that Q1 is approximate. I was lazy and missed the end of the month/quarter.
-
Markets are having a big day today, but still more than 5% off their all-time highs (meaning there's time to get in).
-
Joining at the 1/2 way pit stop....$1.5 as of 12/31/17!
I guess I should be a bit more precise with my numbers....
12/31/17 - $1,518,400
03/31/18 - $1,578,900
Increase between 12/31 and 3/31 was mainly bonus related. The markets are wiggly this year.
-
Joining at the 1/2 way pit stop....$1.5 as of 12/31/17!
I guess I should be a bit more precise with my numbers....
12/31/17 - $1,518,400
03/31/18 - $1,578,900
Increase between 12/31 and 3/31 was mainly bonus related. The markets are wiggly this year.
Wow! That's a good-looking bonus!
-
Joining at the 1/2 way pit stop....$1.5 as of 12/31/17!
I guess I should be a bit more precise with my numbers....
12/31/17 - $1,518,400
03/31/18 - $1,578,900
Increase between 12/31 and 3/31 was mainly bonus related. The markets are wiggly this year.
Wow! That's a good-looking bonus!
Yeah - DH's bonus is up to 45% of his compensation for the year (in great years it can be 65%). It was a bad year this year, so the # was actually lower than in the past. It's a big part of how we plan for FIRE - save the bonus, live on the lower salary. It's also why he risks getting fired right before bonus payout days....
-
So I believe I briefly bounced over $2 million for a while before the market dropped. Should I stay in this thread or move on??
-
So I believe I briefly bounced over $2 million for a while before the market dropped. Should I stay in this thread or move on??
Congrats!! You stay in the thread until you feel you've really reached the finish line. :-). Does $2MM feel more exciting than $1MM?
-
So I believe I briefly bounced over $2 million for a while before the market dropped. Should I stay in this thread or move on??
Congrats!! You stay in the thread until you feel you've really reached the finish line. :-). Does $2MM feel more exciting than $1MM?
We just tipped over the 2M liquid point a couple of months ago. It's retracted a few times. Personally I'm ready to put that milestone behind and move forward. The 2M point is pretty much what I'm planning to benchmark as the low watermark for FIRE. The goal is 2.5M then retire. However, any dips below 2M would immediately call for emergency spending only measures and possibly job hunting. Currently home shopping in Florida right now and will budget 300k to 400k for that. That will have us working a two to five more years to pay down that debt. Not sure what we do with current paid off home and property. Selling it could bring 250k maybe more and would help offset the new home and work less years. May just give it to our kids. Time will tell. By the way, the 1M mark excited me briefly. Then realized that would barely pay for health care, the excitement faded.
-
So I believe I briefly bounced over $2 million for a while before the market dropped. Should I stay in this thread or move on??
Congrats!! You stay in the thread until you feel you've really reached the finish line. :-). Does $2MM feel more exciting than $1MM?
More like a "well, that's pretty cool" moment!
-
So I believe I briefly bounced over $2 million for a while before the market dropped. Should I stay in this thread or move on??
Congrats!! You stay in the thread until you feel you've really reached the finish line. :-). Does $2MM feel more exciting than $1MM?
More like a "well, that's pretty cool" moment!
I'm with @Bateaux that I want $2.0M plus a paid off house ($400K-$500K ish range) and I have to have "crossed" that line for sure before I'm comfortable pulling back. It's super cool you've hit that # even if it didn't stick. I've got plenty of time in this race left before I get to where I'm aiming.
-
This thread made me pull up some stuff and do some arithmetic. I just realized that if you include home equity (which I don’t), then we crossed over the $2M mark recently. Since home equity doesn’t pay my bills, i don’t include it, but at least we can unequivocally say now that we are millionaires. :) Previously it wasn’t certain since you could argue that with two people, the individual net worth is half of the total household net work.
It is embarrassing to be on this forum, report those numbers, and not be FI. HCOL for the win!
-
I'm a Canuck so the recent malaisse has been worse for me as the Canadian index didn't do much of anything versus the huge S&P gains November to end of January. So for about 7 months my net worth has decreased despite plowing in 75% of my income into investments. Oh well it's all part of the process and this small blip is nothing compared to a true bear market. I continue to hold steady in my 70/30 portfolio and hopefully can hit the $2M mark in about 6 years when I reach 48....currently around $1.2M. I believe at $2M I will be good to never work again.
-
I'm a Canuck so the recent malaisse has been worse for me as the Canadian index didn't do much of anything versus the huge S&P gains November to end of January. So for about 7 months my net worth has decreased despite plowing in 75% of my income into investments. Oh well it's all part of the process and this small blip is nothing compared to a true bear market. I continue to hold steady in my 70/30 portfolio and hopefully can hit the $2M mark in about 6 years when I reach 48....currently around $1.2M. I believe at $2M I will be good to never work again.
I have a feeling the malaise you're experiencing will be repeated in the US indices.
-
We've entered into the horse latitudes.
-
TallTexan HH net worth has roughly doubled over the last five years. Surely it would be possible to add that much again over the next five, so that would be a 50% increase from where we are today.
-
6/30/17: 1.002 million, two months shy of my 35th birthday
1/17/18: 1.219 million, 4.5 months after my 35th birthday
Feels like this crazy market has put things into hyperdrive. Hoping I've got enough buffer to remain in the two comma club through the next correction, but who knows?
Total HH net worth now at 1.281. With the market down/sideways I've been throwing any and all cash I can scrounge into stocks. Even if there's still a ways down to go, I'm thinking I'll be happy I did over the long-term.
-
Getting solidly into $1MM territory now...
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
-
It's nice when people call into Dave Ramsey's "Millionaire Hour" with lower net worths than you, ain't it?
-
It's nice when people call into Dave Ramsey's "Millionaire Hour" with lower net worths than you, ain't it?
And they are 10 or so years older.
-
One other thing I notice: home equity is pretty consistently 30% of net worth or less. No one calls in who is in a Bay-area paid-off home but has nothing in other investments.
-
One other thing I notice: home equity is pretty consistently 30% of net worth or less. No one calls in who is in a Bay-area paid-off home but has nothing in other investments.
Unless you're really rich if the value of your home exceeds 25 percent of net worth I'd say you're house poor.
-
Decided to join this group instead of 500 to 1mm, as I like to go with NW. We are at about 430k home equity, 600k everything else. That includes about 335 k in our Vanguard accounts, (mostly in S&P 500, some in a reit, a little in the Wellesley fund some of its a roth, rest taxable), 100k or so in restaurant we work at (share value is rough estimate) 42k is a loan owed to us, 120k is other IRA's. There is a chance that we sell the house at some point and move to a smaller house or somewhere cheaper, so I like to count this in my stache. Also, more fun to be in the millionaire thead. I think we got there last fall.
I'm now 51, wife 48, daughter 21 in college (which she is primarily funding herself with a little help coming from grandparents and some from cheapskate parents) son 17 graduating high school next week, no college plans right now. I've been working as a pizza/pasta/sandwich delivery driver for 19 years, wife started working with me very part time 12 years ago. I now average about 30 hours a week, she 5-7. Wife taught before our son was born, so has 5.2 years vested in CAL strs, the teacher retirement program, and is eligible for a very modest monthly pension at age 55 I believe. Our primary work income usually comes in somewhere in the 50k a year zone, and then we have a modest ownership income, and passive income from investments does the heavy lifting.
Not sure when it will be time to declare FIRE. I did join the FIRE 2022 club. It has a nice ring to it. We probably won't be zooming along like some other posters on this thread as our active work income isn't huge and if anything is going down, but I figure being a NW millionaire should have some perks, one of which is to not be too concerned about some income shrinkage. Actually our progress in this race might be more like a slow regional train in Italy that stops at every station, goes of on a siding for half an hour periodically while the express trains roar by. I figure many of the high income posters qualify as the express trains. For instance due to travel plans this summer and an upcoming paint job inside the house we haven't really added much new savings in several months, but again not a real reason to stress.
-
Welcome the two comma club Rob. How you add it all up is your choice. What's important is what it can do for you. I only count liquid, but that's only because I'm too dumb to understand real estate. I do buy into a REIT though. Looking forward to your triumphs, rants and just general BS like the rest of us post. Good luck.
-
Welcome, rob in cal! Sounds like you and your wife have a lot to be proud of. Congratulations.
-
Time to join in if $1.4M (including house equity) is OK... now working to a "Done in 2021" FIRE plan of $2M. To Bateaux's point, in the process of downsizing house to balance the ratios out... As both kids will be in college as of August, it's time to execute our plan to liquidate at a relatively high point in the housing market to get us from just about 50% in the "big" house we bought near the real estate market low down to less than 30%. Increasing passive income and equity growth to achieve FI "escape velocity" from there. It's now all about getting the house equity/liquid investments/passive income ratios right to make FI sustainable.
-
Unless you're really rich if the value of your home exceeds 25 percent of net worth I'd say you're house poor.
Interesting point, but here's another way to look at it. Let's say a person lives in the Bay Area and their paid-for house is worth $1.5M. Their other assets add up to around $1.5M. That's 50%. Does that really make them house poor? $3M TNW is not "really rich" by Bay Area standards. To be sure, it's comfortable, but it is neither really rich nor house poor.
-
Unless you're really rich if the value of your home exceeds 25 percent of net worth I'd say you're house poor.
Interesting point, but here's another way to look at it. Let's say a person lives in the Bay Area and their paid-for house is worth $1.5M. Their other assets add up to around $1.5M. That's 50%. Does that really make them house poor? $3M TNW is not "really rich" by Bay Area standards. To be sure, it's comfortable, but it is neither really rich nor house poor.
California definitely throws my logic a bit. There is a threshold where it's true. I like for the house to be in 10 to 15 percent range of net worth. The house we're buying in Florida is only 250k so I'm personally trying to keep it low.
-
Hmm, I'm at 22% right now and I feel no where close to being house poor. If I decided to go to my max budget for some additional exterior (landscaping) work over the next year or so I'll be just above that 25%. Again with not feeling house poor at all.
I have to admit, I'm still shaking my head at the upward trajectory. There wasn't a surface I didn't touch in my house last year and a new furnace and I'm up to $1.4M with 1.2M of that invested.
I just switched my 401k to the ROTH option to avoid future RMDs, waiting and converting isn't as tax friendly as I'll have a pension that will take up most of the 22% and lower tax brackets so I figured I might as well start "converting" now.
-
Will throw my hat in here. This is value of portfolio + rental property.
2018/06/01 - 1442000
-
We are somewhere around 43% of home equity as share of total assets, at about 440 house, 600k everything else. Would like to get that number in the 30's in the next couple of years. Yet another California impacted case.
-
Perhaps the thing is that in that ~$1MM space you can see all the things you can't afford with the money, and it feels limited - you are making tradeoffs. If I do x then I can't do y. But I am still able to do x, and not everyone could so easily. And we feel like if we were actually rich, we wouldn't need to make those decisions? OTOH, how can I be rich when my sister & her husband (dr, lawyer) are taking their 5 kids to Italy for a month this year? I "couldn't" do that. But we're going to NZ again in the fall, and loads of people would say that is only possible if we are rich.
Are you and your sister rich or just spending a lot 😜
Always dangerous to gauge the wealth of someone by what they spend.
-
19 days since the last update, and somehow I'm up by another $53K. Wow!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
-
19 days since the last update, and somehow I'm up by another $53K. Wow!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
Dude. Incredible increases.
-
Herbert, you have a nice savings rate to gain nearly half a mill over the past year, investing alone couldn't do that without a ton of risk.
-
Yea, I spend about $6,000 / year and my savings rate is over 95%. It helps a lot!
-
Yea, I spend about $6,000 / year and my savings rate is over 95%. It helps a lot!
What job enables you to earn $300,000 a year or more?
-
What job enables you to earn $300,000 a year or more?
A good one? All kidding aside, I don't share the specifics of my employment on this forum.
-
I was putzing around on Personal Capital this morning and discovered I now only have 49.5% of my investments in my 401k. I'm stoked because I have always maxed out my 401k plus the 5% employer match since 2001 but didn't start other things (IRA than taxable) until at least 2 years later and I really didn't have anything outside of the IRA either until the last 5 or 6 years.
-
Yea, I spend about $6,000 / year and my savings rate is over 95%. It helps a lot!
What job enables you to earn $300,000 a year or more?
$300k (and well beyond it) isn't unreasonable for a very good software engineer.
-
Yea, I spend about $6,000 / year and my savings rate is over 95%. It helps a lot!
What job enables you to earn $300,000 a year or more?
$300k (and well beyond it) isn't unreasonable for a very good software engineer.
Also a physician with a specialty like surgery, radiology, dermatology. - Ok but you'd have to be at least 28 or more before you'd start making that much, so we can nix out being an MD.
Also, maybe an Artificial Intelligence engineer.
-
Lawyers and investment bankers can also make that much money. Also athletes, actors, YouTube stars, etc
My friend's son was picked up by the San Francisco 49ers a month or two ago when the NFL draft was going on. The son wasn't drafted but had enough talent for the 49ers to give him a try. The agent representing the son negotiated a starting salary of $500K a year and a 4-year contract. The agent gets a percentage of that salary, of course. Not a bad salary for being an unseasoned athlete!
-
Lawyers and investment bankers can also make that much money. Also athletes, actors, YouTube stars, etc
*some* lawyers....sure.
The car salesman who helped me yesterday was a lawyer who left his job to make more money selling cars.
-
Lawyers and investment bankers can also make that much money. Also athletes, actors, YouTube stars, etc
*some* lawyers....sure.
The car salesman who helped me yesterday was a lawyer who left his job to make more money selling cars.
I'd say your average professional athlete (think minor league baseball), actor (bartender), or YouTube star would also be far better off selling cars.
No, I've got Herbert pegged as some sort of criminal kingpin. Perhaps he runs a vast underground gambling empire.
-
Yea, I spend about $6,000 / year and my savings rate is over 95%. It helps a lot!
What job enables you to earn $300,000 a year or more?
$300k (and well beyond it) isn't unreasonable for a very good software engineer.
Also a physician with a specialty like surgery, radiology, dermatology. - Ok but you'd have to be at least 28 or more before you'd start making that much, so we can nix out being an MD.
Also, maybe an Artificial Intelligence engineer.
Not just the AI people, although they ARE in demand. Getting $300k or more from one of the big tech companies isn't particularly uncommon.
-
Lawyers and investment bankers can also make that much money. Also athletes, actors, YouTube stars, etc
*some* lawyers....sure.
The car salesman who helped me yesterday was a lawyer who left his job to make more money selling cars.
I'd say your average professional athlete (think minor league baseball), actor (bartender), or YouTube star would also be far better off selling cars.
No, I've got Herbert pegged as some sort of criminal kingpin. Perhaps he runs a vast underground gambling empire.
Herbert Derp, Male Prost... Escort
-
I just can’t fathom the $6k spend....earnings are easy, spending limits on those earnings - not so much. Unless there is a housing allowance involved and taxes are already incorporated.
Expat consultant. It’s my 4 year plan for Bermuda.
-
I just can’t fathom the $6k spend....earnings are easy, spending limits on those earnings - not so much. Unless there is a housing allowance involved and taxes are already incorporated.
Actually, I live downtown in a HCOL city. I own a condo which is paid in full, so that's how I'm able to minimize my housing and transportation costs (no car, I can walk everywhere). I include property taxes in my spending but not income taxes (of which I pay a LOT).
If you guys are so interested in me, read my journal! I've been posting for years.
https://forum.mrmoneymustache.com/journals/herbert-derp's-frugal-adventures/
-
I just can’t fathom the $6k spend....earnings are easy, spending limits on those earnings - not so much. Unless there is a housing allowance involved and taxes are already incorporated.
Actually, I live downtown in a HCOL city. I own a condo which is paid in full, so that's how I'm able to minimize my housing and transportation costs (no car, I can walk everywhere). I include property taxes in my spending but not income taxes (of which I pay a LOT).
If you guys are so interested in me, read my journal! I've been posting for years.
https://forum.mrmoneymustache.com/journals/herbert-derp's-frugal-adventures/
I didn't actually look at your profile - the 27 and single now makes more sense on the spending limits and the condo you own has very low taxes...Our taxes in IL are $10,000 on a $450,000 house and 5 of us live in there. $30,000 spending for 5 would still be super low. I may browse your journal over the weekend.
-
Hi All,
I’m ready to join this thread! Our NW (excluding home equity of ~$500k) hit $1.004m yesterday!
We’re aiming for $1.4m & a paid off house to retire in Oct 2023... reaching that magical number makes it feel so much more achievable!
-
Hi All,
I’m ready to join this thread! Our NW (excluding home equity of ~$500k) hit $1.004m yesterday!
We’re aiming for $1.4m & a paid off house to retire in Oct 2023... reaching that magical number makes it feel so much more achievable!
Great job! Congratulations.
-
Hi All,
I’m ready to join this thread! Our NW (excluding home equity of ~$500k) hit $1.004m yesterday!
We’re aiming for $1.4m & a paid off house to retire in Oct 2023... reaching that magical number makes it feel so much more achievable!
CONGRATULATIONS!
Just having this online group made such a difference. There wasn't really anyone in real life with whom I could celebrate crossing into double-commas.
-
Thanks Guys!
So true, I really appreciate the support in this little corner of the internet!
-
Neither of you have umbrella insurance?
And you have a rental property, Frank!
Aggghhh.
Go. Run. Today. Get some umbrella insurance. :)
Way reduce the risk and worry from that "unless we get sued" idea you mentioned.
I'm glad this seems to be consensus. we don't have rentals and have a lot less than 1mill, but I started carrying it anyway. bc it would be easy to be sued, or plausible
-
Agreed. We got an umbrella policy when our assets started approaching the $1M mark. I was surprised at how cheap it was. A year or two ago I upped the umbrella coverage to $2M and again, was struck by how little additional it cost, especially once I made sure our deductibles were appropriately high.
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
-
Will throw my hat in here. This is value of portfolio + rental property.
2018/06/01 - 1442000
2018/06/01 - 1442000
2018/07/01 - 1460000
-
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
What do the 'LNW' and 'TNW' stand for?
-
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
What do the 'LNW' and 'TNW' stand for?
Not the poster you're asking of, but pretty sure those are "Liquid Net Worth" and "Total Net Worth."
-
...pretty sure those are "Liquid Net Worth" and "Total Net Worth."
Ah! That makes a lot of sense. Thanks.
-
yup!
cash & stocks vs. home equity
-
Reached the $1.5 million mark today! It took awhile with all the market volatility, but today's market surge put me over the plateau.
-
Hello! This morning, we hit 1,001,996 net worth. While I recognize we may never make it to 2M, we’re determined to continue the good habits that have gotten us this far: simplicity, frugality and thankfulness.
It’s been a great ride so far and they say the first million is the hardest so I’m really looking forward to making this journey with the members of this great community!
-
Hello! This morning, we hit 1,001,996 net worth. While I recognize we may never make it to 2M, we’re determined to continue the good habits that have gotten us this far: simplicity, frugality and thankfulness.
It’s been a great ride so far and they say the first million is the hardest so I’m really looking forward to making this journey with the members of this great community!
Welcome to the club! It's true that the first million takes the longest and is the hardest. You'll be pleasantly surprised at how fast the amount grows from there. In my case, it took 17 years to crack the 6-digit mark. But since making that mark it only took two years for my stash to grow another $500K.
-
Continuing to make progress...
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
-
Continuing to make progress...
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
Please explain more!
-
Please explain more!
Read my journal!
https://forum.mrmoneymustache.com/journals/herbert-derp's-frugal-adventures/
-
Well, I hit an intraday high of 1,000,000 today in investable passive assets. Didn’t want to join the club until I hit that number. I have 600K in real estate for a total of a 1.6M.
Fire’d last year in August.
-
Well, I hit an intraday high of 1,000,000 today in investable passive assets. Didn’t want to join the club until I hit that number. I have 600K in real estate for a total of a 1.6M.
Fire’d last year in August.
Welcome to the club Cash Stash! Intraday is valid too!
I just FIRED on June 1st.
Backstory: Cash Stash and I once worked for the same SemiBigCorp.
Cash Stash, the space in your username makes it difficult to include a paging link like @markbike528CBX
-
Did you two know each other at the company ?
-
Did you two know each other at the company ?
Nope, separate sides of the continent and of SemiBigCorp. At the time of bankruptcy, "restructuring" I saw a post from Cash Stash that described situation and announcement timing that was too close to being coincidental. A few PM's later we determined that we where in the same SemiBigCorp.
-
Great that you guys were able to find each other on the Millionaire's thread! I couldn't imagine how my co-workers would treat me if they knew I was wealthy enough to be here.
-
I've been here for a while now NW wise, but still really pushing to hit the $1M with just cash and investments. I've been sitting around $950K for what seems like forever.
-
I've been here for a while now NW wise, but still really pushing to hit the $1M with just cash and investments. I've been sitting around $950K for what seems like forever.
You'll hit your break-out day soon.
-
I couldn't imagine how my co-workers would treat me if they knew I was wealthy enough to be here.
Yup. I was so excited last week (I’ve been a millionaire for over a week!) but I couldn’t tell anyone I actually know (DW excepted, of course). What a wonderful problem to have!
-
I'm trying to not even make a big deal about it with Mrs. TallTexan, because I don't want her to loosen up on the spending thing.
-
The nice market run this month (and capped off with yesterday's surge) pushed TNW over $1.7MM. LNW is knocking on the door of $1.4MM.
I'm not sure why I still pay attention to $100k increments as though they are meaningful milestones...but I do!
-
$100k increments are easy to keep track of at this point. Keeping $1.4M LNW in your head is easy, then one day, you're updating your spreadsheet and find the number move to $1,500,010 and feel like you've clicked over the next milestone.
I certainly do this.
-
Yeah, I guess $100k increments represent reasonable mini-milestones.
If you're a 4% SWR kind of person, $100k represents an additional $4k/yr spending. It's a little easier for me to think of annual spending in $5k chunks, so maybe I should make my milestones $125k instead...or just become a 5% SWR person. :D
-
My LNW just inched up to $1.25M. The uptick in the market this month definitely helped.
I decided a while ago that this was my official FI number. If Mrs. FL and I were willing to accept some significant lifestyle changes, we could live indefinitely on this amount. So that's nice to know. To live indefinitely at our current lifestyle will take a bit more, so I'm still working for now. Plus, it's a good idea to have a buffer against health care insanity, high market valuations and any other black swans we haven't thought of. Maybe I'll RE before $2M, maybe not.
How's everyone else doing?
-
I feel dumb… what does LNW mean?
-
I feel dumb… what does LNW mean?
LNW == Liquid Net Worth (investments, savings, retirement acounts, etc.)
TNW == Total Net Worth (LNW + home equity, business equity, and other assets that aren't easily converted to cash very quickly)
-
I feel dumb… what does LNW mean?
LNW == Liquid Net Worth (investments, savings, retirement acounts, etc.)
TNW == Total Net Worth (LNW + home equity, business equity, and other assets that aren't easily converted to cash very quickly)
TYK for the explanation of LNW! :)
-
TYK for the explanation of LNW! :)
NP! :P
I decided a while ago that this was my official FI number. If Mrs. FL and I were willing to accept some significant lifestyle changes, we could live indefinitely on this amount. So that's nice to know. To live indefinitely at our current lifestyle will take a bit more, so I'm still working for now. Plus, it's a good idea to have a buffer against health care insanity, high market valuations and any other black swans we haven't thought of. Maybe I'll RE before $2M, maybe not.
We're in a similar boat. We came up with a barebones FI number based on the average of certain essential expenses over the past few years. We recently reached 4% of that figure in our retirement + savings accounts. Like you, we'd have to make some pretty big lifestyle adjustments to make it happen. But it is comforting to know that we've reached that level.
-
I'm not sure why I still pay attention to $100k increments as though they are meaningful milestones...but I do!
$100k increments are easy to keep track of at this point. Keeping $1.4M LNW in your head is easy, then one day, you're updating your spreadsheet and find the number move to $1,500,010 and feel like you've clicked over the next milestone.
I certainly do this.
This is what I do too.
-
First time posting but followed for about a year. Joining the club. Total assets excluding real estate 1.26
Split 40% taxable and 60% tax deferred. Mostly Vanguard for mutual funds. Also own a few stocks through dividend reinvestment plans
-
hello! posting to follow.
just checked our spreadsheet:
liquid net worth: $1.72m
total net worth: $2.85m
the house is paid off but we plan to live in it for the foreseeable future.
-
Add me to the Minimal FI but still working due to the US health care situation. If I stick around to my minimal retirement age at my current job (47 so it's actually not a bad number), I get to keep subsidized health care for life. There has been some congressional grumbling to change this and if it does I'm gone but it's too big of a carrot not to stay working for at this point.
-
I'll join in too, our number is 2 million (not including DHs pension). Stupid high for this forum, I know, DH still isn't 100% on the frugality thing, and we plan on living in a HCOL area. DH also has to do 5 more years to secure the lifelong health care and pension sooo why not continue to build the stash.
33 (me) and 36 (DH) here TNW 1.34 Investable 1.21
And before anyone asks, we don't include DHs pension in the calculations because if he gets booted prior to his 20 year mark he gets zip, nada, nilch. So until he hits that 20 year mark we have chosen to not include it in NW or income calculations since it is not a sure thing.
August 2018 TNW 1.83 1.6 investable. And I quit my job a year ago.
-
SO and I officially hit our FI number (2 mos ahead of schedule!)
just have to work on the RE part now...
Golden handcuffs and fluff require probably another 2 yrs. Minimal heartache for maximum earning, so I think we can hack it.
-
Onwards and upwards! Up $300K so far in 2018!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
-
SO and I officially hit our FI number (2 mos ahead of schedule!)
just have to work on the RE part now...
Golden handcuffs and fluff require probably another 2 yrs. Minimal heartache for maximum earning, so I think we can hack it.
That's awesome, congrats!
What kind of golden handcuffs are we dealing with here?
-
Well, I hit an intraday high of 1,000,000 today in investable passive assets. Didn’t want to join the club until I hit that number. I have 600K in real estate for a total of a 1.6M.
Fire’d last year in August.
Welcome to the club Cash Stash! Intraday is valid too!
I just FIRED on June 1st.
Backstory: Cash Stash and I once worked for the same SemiBigCorp.
Cash Stash, the space in your username makes it difficult to include a paging link like @markbike528CBX
That’s awesome you finally Fired! It has taken some time to adjust and decompress. Now when I go for a drive in my truck mid week and I see all those commuters, I get a pretty good feeling about freedom. It’s pretty nice. I also shop for groceries in the morning on work days and the stores are empty. It’s definitely different in subtle ways.
-
Well, I hit an intraday high of 1,000,000 today in investable passive assets. Didn’t want to join the club until I hit that number. I have 600K in real estate for a total of a 1.6M.
Fire’d last year in August.
Welcome to the club Cash Stash! Intraday is valid too!
I just FIRED on June 1st.
Backstory: Cash Stash and I once worked for the same SemiBigCorp.
Cash Stash, the space in your username makes it difficult to include a paging link like @markbike528CBX
That’s awesome you finally Fired! It has taken some time to adjust and decompress. Now when I go for a drive in my truck mid week and I see all those commuters, I get a pretty good feeling about freedom. It’s pretty nice. I also shop for groceries in the morning on work days and the stores are empty. It’s definitely different in subtle ways.
I have always been taken back by the number of people out on workdays, it bothers me a lot less now that I'm not stuck in a cubical or a " big rebar/concrete building ".
Also, NW definitely includes Real Estate, especially above and beyond the primary residence.
-
In the real world I have no one other than my SO to talk about our millionaire status. Certainly not my relatives, who would stick their hands out, or my friends. Never dreamed I would be here. I guess it’s true that it’s lonely at the top. Thanks for existing.
Even here among my fellow millionaires, I can’t bring myself to disclose my wealth. I have I deep sense is shame that I don’t deserve this wealth, even though I’ve worked and saved hard for it. People are always trying to “help me out” with free or discounted things/services because I appear very poor. I fix most things on my own old clunker of a car myself, but I didn’t feel up to dropping the tranny to change out the clutch. I found a good ol boy who had a home garage to do it for me. He did a great job, but only wanted to charge me a tiny sum. I’m sure he felt like he was doing a good deed for a super poor person and keeping her sad car on the road. I paid him an extra 100.$
People are always trying to give me charity! I hate it. I don’t want to change from my stealth wealth lifestyle. Anyone else look super poor? How to you deal with being a charity case.
-
In the real world I have no one other than my SO to talk about our millionaire status. Certainly not my relatives, who would stick their hands out, or my friends. Never dreamed I would be here. I guess it’s true that it’s lonely at the top. Thanks for existing.
Even here among my fellow millionaires, I can’t bring myself to disclose my wealth. I have I deep sense is shame that I don’t deserve this wealth, even though I’ve worked and saved hard for it. People are always trying to “help me out” with free or discounted things/services because I appear very poor. I fix most things on my own old clunker of a car myself, but I didn’t feel up to dropping the tranny to change out the clutch. I found a good ol boy who had a home garage to do it for me. He did a great job, but only wanted to charge me a tiny sum. I’m sure he felt like he was doing a good deed for a super poor person and keeping her sad car on the road. I paid him an extra 100.$
People are always trying to give me charity! I hate it. I don’t want to change from my stealth wealth lifestyle. Anyone else look super poor? How to you deal with being a charity case.
If you feel bad about it and can't convince the seller/service provider to accept more money, maybe donate the difference to charity. I'm a bit too stingy to do this regularly, but I just signed myself up to servitude for a charity function. ---- kinda pay it forward?
-
I do that. I feel like I’m misappropriating poor culture. Is that a thing? I was raised dirt poor. I spent a dozen years working for a homeless shelter. I know poor. I’m not poor, I can’t let people know I’m not poor, and I don’t want charity. I just enjoy the poor lifestyle. Guess I’m a poor poser.
-
I convert gift money to charity donations. No more quibbling with relatives who feel obligated to send checks as gifts. Even better, I pick ones they'd be HORRIFIED to support, even indirectly.
-
Wahoo!!! We were nearly to $1m liquid when we made a large donation in Dec 2017 to our Donor Advised Fund. We almost crossed again and then the market correction earlier this year. Since then we've been bouncing around, trending up, slowly. Today we were at $980'ish and the wire for the sale of our old home came through blasting clear through to nearly $1.25m and a networth around $1.35m. We chose to use our new home purchase as an opportunity to bump the mortgage balance up in Dec 2017 so home equity is pretty meager but liquid assets are way up.
For reference, my net worth measure had me crossing $1m back in March 2017. Good run.
It's going to busy through the end of the year.
I'll be moving the funds into equities pretty quickly but will admit that a short period of dollar cost averaging into the market makes investing so much go down a bit more easily. That said, I want to get a large portion in before November so it's staged for Dec 2019 tax maneuvers (e.g. tax loss/gain harvesting, charity, etc).
Super excited to be here! Not many people left in real life I can share with!
-
Welcome @CoffeeAndDonuts!
-
Super excited to be here! Not many people left in real life I can share with!
Welcome aboard, CoffeeAndDonuts!!
-
Thanks @Cornbread OMalley and @Dicey!
Reading this thread and the forums at large, I usually find myself thinking there's little to say that's not been said even better already. Even our story feels pretty stereotypical for this community.
Mostly I'm just really grateful and surprised to find us here. And it's not really worn off for me despite my own conservative measure crossing $1m nearly a year and a half ago. This was just the last meaningful crossing of $1m for us.
Chatted with my sister this evening (not about this) and was saddened to hear she'd run up a bit of credit card debt of late and was stressing about plane tickets for the holidays. I'll find a way to help that doesn't make her feel awkward (I hope). She's mostly doing things right but is in a very different life situation.
Reminded me that despite the hard work getting here theres no small bit of luck for us as well.
-
I'm happy to be joining this race!
We hit $1M on Aug 9, 2018 (and then again on Aug 21, 2018). Our spending is just shy of $60K a year, (but I'm working on that) and we don't plan on having any other income or side gigs in FIRE, so our stash needs to continue to grow. I'll consider pulling the plug at $1.5M, so even though this is a race to $2M, and I do hope for (or expect) continued growth after FIRE, my next goal is to hit $1.5.
Aug 30 2018 - $1.01
No real estate, but $93K is the kids' 529s.
-
Welcome aboard, catccc!
-
Hey @catccc! Congrats! We too are struggling to bring spend below $60k though that includes $24k of piti mortgage. I just don't see us getting below $35k spend excl piti but including healthcare.
Nonetheless, $1.5 is a target that works for us as an initial launch. Since we've not paid off outlr home, I'm hoping for more like $1.75 of so. $2 would be great.
I am just waiting for final Month end numbers but am projecting around $1.35m nw with $1.2 invested/liquid.
In a month, I expect to shift an illiquid asset to one of that finally feel like justifies valuing which will add another $250k nw.
Blamo, $1.5m invested, $1.7m nw and my head exploding.
A lot has been asset conversion from things I didn't valu to those I did but still, my head is spinning these days how fast it all came on!
-
More progress! This month, I've finally become a millionaire in liquid assets--my condo is worth about $290K.
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
-
Welcome aboard, catccc!
Thanks, so excited to be here!
Hey @catccc! Congrats! We too are struggling to bring spend below $60k though that includes $24k of piti mortgage. I just don't see us getting below $35k spend excl piti but including healthcare.
Nonetheless, $1.5 is a target that works for us as an initial launch. Since we've not paid off outlr home, I'm hoping for more like $1.75 of so. $2 would be great.
I am just waiting for final Month end numbers but am projecting around $1.35m nw with $1.2 invested/liquid.
In a month, I expect to shift an illiquid asset to one of that finally feel like justifies valuing which will add another $250k nw.
Blamo, $1.5m invested, $1.7m nw and my head exploding.
A lot has been asset conversion from things I didn't valu to those I did but still, my head is spinning these days how fast it all came on!
Well, it looks like I'm not the only one for whom frugal doesn't mean spending only $25K/year. For our near $60K, I can even tell you where it all goes, but I can't really see cutting these expenses very dramatically. Our rent is $16,800/yr, so our spending outside of housing must be even higher than yours, unfortunately. One thing to note is that we spent over $7K on travel last year, something we could drop if needed. But we like to travel, it's something we value. (And yes, we do some travel hacking. It has saved us a lot, without it that travel number might be $5K more. In 2017, points covered 2 r/t flights to hawaii, 4 r/t transcontinental flights during the holidays, a few hotel nights, and a week of car rental.)
-
I thought I'd join. I don't really plan to finish the race except by inflation adjusted means, but I did just hit $1M in retirement assets. I hit $1M in net worth a couple years ago, but that seems like cheating; I need somewhere to live and that's not going to be generating retirement revenue.
-
Hello! This morning, we hit 1,001,996 net worth. While I recognize we may never make it to 2M, we’re determined to continue the good habits that have gotten us this far: simplicity, frugality and thankfulness.
It’s been a great ride so far and they say the first million is the hardest so I’m really looking forward to making this journey with the members of this great community!
Update...
1,030,000
-
Could someone share why it is easier/faster to make the second million and how long it takes?
I know this has been discussed on the forum before, yet my searches are not turning up the answer.
-
Could someone share why it is easier/faster to make the second million and how long it takes?
I know this has been discussed on the forum before, yet my searches are not turning up the answer.
The market has returned about 16% in the last 12 months. If you started with 100K a year ago, that means you would have 116K today. That's a 16K increase. It compounds from there year after year.
But if you already had 1M a year ago, it has increased by 160K. That's 10x in pure dollar amounts over the same time.
No one knows how long it will take because we can't predict the real returns from the market, but since you have more to start with it increases faster - not as a percentage but as a number.
A hypothetical 100K would double at the same time as your 1M, but that wasn't the question. Double 100K is 200K and double 1M is 2M. Same time for that doubling, but in one case it is a lot more money.
-
^ That's an excellent explanation. ^
My old boss used to say percentages don't buy groceries, dollars do.
-
Could someone share why it is easier/faster to make the second million and how long it takes?
I know this has been discussed on the forum before, yet my searches are not turning up the answer.
I like to use a sail analogy to explain. You and I are both sitting in boats in the same waters, and we both hoist up our sails, but I've got a whole lot more sail than you do. Maybe there's no wind, and neither of us go anywhere anytime soon. But once the wind starts blowing, I'm going to pick up a lot more speed than you are. I was just looking at my spreadsheets, and realized I've had several months this year with gains of around $30k, whereas at the very start a while back, $30k were my total gains for a so-so year (net worth is about 5x now what it was then). The reverse is true, the more you have, the more you lose (in absolute terms only), but we know the markets return a net positive over a long enough time period, and even if you start with $100k today and I have $1000k, and we both see a 10% drop to $90k and $900k respectively, I've still got a shitload of more sail once the winds start blowing favorably in the future.
-
Could someone share why it is easier/faster to make the second million and how long it takes?
I know this has been discussed on the forum before, yet my searches are not turning up the answer.
Compound interest. If the market is up 7% and you have 1M, your net worth goes up 70k. If you only have 200k in savings, a 7% return gives you only 14k.
Also, keep in mind the market has had a fantastic run the last 10 years. If your previous experience of saving 1M happened between 1998 and 2008, the last decade seemed much easier to hit that second million.
-
Could someone share why it is easier/faster to make the second million and how long it takes?
I know this has been discussed on the forum before, yet my searches are not turning up the answer.
The market has returned about 16% in the last 12 months. If you started with 100K a year ago, that means you would have 116K today. That's a 16K increase. It compounds from there year after year.
But if you already had 1M a year ago, it has increased by 160K. That's 10x in pure dollar amounts over the same time.
No one knows how long it will take because we can't predict the real returns from the market, but since you have more to start with it increases faster - not as a percentage but as a number.
A hypothetical 100K would double at the same time as your 1M, but that wasn't the question. Double 100K is 200K and double 1M is 2M. Same time for that doubling, but in one case it is a lot more money.
Thank you so much!
-
PathtoFire and Index--Thank you! I appreciate how you explained it. =-)
-
Instead of starting a new thread, I thought I'd ask this here first.
My head is playing some games with me. The Spouse has some doubts about the $$ being enough, and those doubts begin to creep into my own head.
I start to worry we don't have enough.
As I thought about solutions to this, here's what I came up with:
--Talk with Spouse to share our fears and concerns.
--Review the numbers to see (again) the facts of our situation.
Although I'm sure it's natural to feel scared, the worry doesn't feel good.
Any suggestions?
-
Obviously i dont know your numbers so i cant weigh in on whether your numbers are reasonable.
Presuming that you have numbers for your projcted spending and that you and the spouse agree on those numbers and have a high confidence in them, then all you can do from a math and logic standpoint is refer back to the studies regarding the 4% rule. You can add safety margins, run the numbers with expected increases in healthcare, run what if scenarios for a market downturn, etc ect.
But thats only the mathematical (historical) and logical side of things. Ultimately, retiring early is also (perhaps mostly) an emotional step. If your spouse isnt comfortable with it, then you have to see what kind of compromise you can reach that makes both of you happy.
Retiring early to spend time with your spouse only works if both of you are cmfortable with the decision. Perhaps discuss an intermediate step toward retirement? Cutting back significantly on hours/ days working? Taking some extended time off to travel?
-
The nice market run this month (and capped off with yesterday's surge) pushed TNW over $1.7MM. LNW is knocking on the door of $1.4MM.
We've crossed $1.4MM LNW in both directions a number of times in August and September. Every time there's a daily blip of -1% or so, we fall back below $1.4MM. We started the year over $1.3MM, so it's been pretty slow going this year (especially compared to last year). We'll see how things shake out by the end of December.
-
I'll admit, it's a little surreal listening to "dave ramsey" millionaire hours, and realizing that people are calling in who are fifteen years older and have the same net worth I do. Glad you guys are here to push me!
-
Instead of starting a new thread, I thought I'd ask this here first.
My head is playing some games with me. The Spouse has some doubts about the $$ being enough, and those doubts begin to creep into my own head.
I start to worry we don't have enough.
As I thought about solutions to this, here's what I came up with:
--Talk with Spouse to share our fears and concerns.
--Review the numbers to see (again) the facts of our situation.
Although I'm sure it's natural to feel scared, the worry doesn't feel good.
Any suggestions?
One of my favorite pre-FIRE assurances was "Retiring too early is a mistake you can recover from. Too late and there is no recovery." Best suggestion is to make a case study and crowdsource your plans. You are guaranteed to get excellent feedback from like-minded folk.
-
Instead of starting a new thread, I thought I'd ask this here first.
My head is playing some games with me. The Spouse has some doubts about the $$ being enough, and those doubts begin to creep into my own head.
I start to worry we don't have enough.
As I thought about solutions to this, here's what I came up with:
--Talk with Spouse to share our fears and concerns.
--Review the numbers to see (again) the facts of our situation.
Although I'm sure it's natural to feel scared, the worry doesn't feel good.
Any suggestions?
One of my favorite pre-FIRE assurances was "Retiring too early is a mistake you can recover from. Too late and there is no recovery." Best suggestion is to make a case study and crowdsource your plans. You are guaranteed to get excellent feedback from like-minded folk.
Yes do a case study with all the proper information - and then get feedback.
You can also do one at the bogleheads forum.
-
Yes do a case study with all the proper information - and then get feedback.
You can also do one at the bogleheads forum.
Is there a side-by-side (dual-posted)MMM/bogleheads case study? I would be interesting to compare/contrast the responses.
My guess.
Bogleheads: Only $2M!, you'll be reduced to cat food in no time.
MMM: Verily, you must hang out with Warren Buffett and all the 0.001percenters.
-
Yes do a case study with all the proper information - and then get feedback.
You can also do one at the bogleheads forum.
Is there a side-by-side (dual-posted)MMM/bogleheads case study? I would be interesting to compare/contrast the responses.
My guess.
Bogleheads: Only $2M!, you'll be reduced to cat food in no time.
MMM: Verily, you must hang out with Warren Buffett and all the 0.001percenters.
Mustacianism got us to 2M. Now that we've recently crossed that mark we're becoming more Bogleheadish. I read the forum there years before MMM got started. One can certainly feel inadequate with single millions. Maybe 5 million gets you in the club these days.
-
Yes do a case study with all the proper information - and then get feedback.
You can also do one at the bogleheads forum.
Is there a side-by-side (dual-posted)MMM/bogleheads case study? I would be interesting to compare/contrast the responses.
My guess.
Bogleheads: Only $2M!, you'll be reduced to cat food in no time.
MMM: Verily, you must hang out with Warren Buffett and all the 0.001percenters.
Mustacianism got us to 2M. Now that we've recently crossed that mark we're becoming more Bogleheadish. I read the forum there years before MMM got started. One can certainly feel inadequate with single millions. Maybe 5 million gets you in the club these days.
I'd be happy to try and survive on a paltry 2M. Anyone wish to finance my experiment? I promise to write a report every month to let you know how I'm doing!
-
I'll admit, it's a little surreal listening to "dave ramsey" millionaire hours, and realizing that people are calling in who are fifteen years older and have the same net worth I do. Glad you guys are here to push me!
Same, this community has opened my eyes up to greater possibilities. I was posting in the early-retirement.org forums between 2012 and 2014, and that stint overlapped with the beginning of my posts here in 2013. In 2012, I was really hoping for retirement at 48, I was 33 at the time. I'm 39 now and hoping to pull the plug sometime when I'm 40. TBH, 40 is an aggressive goal. But back in 2012, 40 was an unthinkable pipe dream. Really glad I found everyone here and stepped it up! Not that the early-retirement.org forums weren't great, just that overall here folks are little more aggressive.
-
Could someone share why it is easier/faster to make the second million and how long it takes?
I know this has been discussed on the forum before, yet my searches are not turning up the answer.
I like to use a sail analogy to explain. You and I are both sitting in boats in the same waters, and we both hoist up our sails, but I've got a whole lot more sail than you do. Maybe there's no wind, and neither of us go anywhere anytime soon. But once the wind starts blowing, I'm going to pick up a lot more speed than you are. I was just looking at my spreadsheets, and realized I've had several months this year with gains of around $30k, whereas at the very start a while back, $30k were my total gains for a so-so year (net worth is about 5x now what it was then). The reverse is true, the more you have, the more you lose (in absolute terms only), but we know the markets return a net positive over a long enough time period, and even if you start with $100k today and I have $1000k, and we both see a 10% drop to $90k and $900k respectively, I've still got a shitload of more sail once the winds start blowing favorably in the future.
$30K in a month? That's impressive. Well done!
-
Yes do a case study with all the proper information - and then get feedback.
You can also do one at the bogleheads forum.
Is there a side-by-side (dual-posted)MMM/bogleheads case study? I would be interesting to compare/contrast the responses.
My guess.
Bogleheads: Only $2M!, you'll be reduced to cat food in no time.
MMM: Verily, you must hang out with Warren Buffett and all the 0.001percenters.
Ha. That is funny. So the Bogleheads would consider me too poor, and fellow MMMers would consider me too rich. Got it. LOL.
-
Yes do a case study with all the proper information - and then get feedback.
You can also do one at the bogleheads forum.
Is there a side-by-side (dual-posted)MMM/bogleheads case study? I would be interesting to compare/contrast the responses.
My guess.
Bogleheads: Only $2M!, you'll be reduced to cat food in no time.
MMM: Verily, you must hang out with Warren Buffett and all the 0.001percenters.
Ha. That is funny. So the Bogleheads would consider me too poor, and fellow MMMers would consider me too rich. Got it. LOL.
My suggestion/inquiry for a side-by-side (dual-posted)MMM/bogleheads case study was serious to determine if the silly stereotypes I presented are based on any facts.
I'm FIRED, so my case wouldn't be useful.
-
I hear you and thought you were serious.
I thought your descriptions were meant to be funny.
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
-
It seems that there are posts every day both here and on Bogleheads (and r/pf) that are exactly the same.
Just do the math. Determine how much safety net you need. Make yourself a tool to see year by year what expected expenses you're going to have. College for kids. Health insurance. Social Security. All these are going to take more money than you think and return to you much less money than you think.
-
The nice market run this month (and capped off with yesterday's surge) pushed TNW over $1.7MM. LNW is knocking on the door of $1.4MM.
We've crossed $1.4MM LNW in both directions a number of times in August and September. Every time there's a daily blip of -1% or so, we fall back below $1.4MM. We started the year over $1.3MM, so it's been pretty slow going this year (especially compared to last year). We'll see how things shake out by the end of December.
Typically I'll just not check my balances much during bear markets, or right after corrections or other short-term dips. But I got curious after last week's dip and checked this morning. Ouch, down about $64K over the last couple weeks to ~$1.35MM. On the bright side, we were able to shove a little more than $7K into pre-tax accounts at the end of last week. Now we can start clawing back to $1.4MM and beyond.
-
The race is on . . . Backwards haha. Top is in.
-
I, too, suddenly feel like I'm running in reverse. Perhaps I need to just log in less frequently :-)
-
Corporate profits have been up about 20% this 3rd quarter earnings season, year over year
-
The nice market run this month (and capped off with yesterday's surge) pushed TNW over $1.7MM. LNW is knocking on the door of $1.4MM.
We've crossed $1.4MM LNW in both directions a number of times in August and September. Every time there's a daily blip of -1% or so, we fall back below $1.4MM. We started the year over $1.3MM, so it's been pretty slow going this year (especially compared to last year). We'll see how things shake out by the end of December.
Typically I'll just not check my balances much during bear markets, or right after corrections or other short-term dips. But I got curious after last week's dip and checked this morning. Ouch, down about $64K over the last couple weeks to ~$1.35MM. On the bright side, we were able to shove a little more than $7K into pre-tax accounts at the end of last week. Now we can start clawing back to $1.4MM and beyond.
The funny thing is I don't check my core retirement accounts nearly as frequently during corrections. However, I do check my trading account every day....even though I'm not a day trader. Stock trading can get addicting....but it can be a fun hobby.
-
Down 100k woohoo! Still buying
-
Down 100k woohoo! Still buying
Well I should hope you're buying! I kinda wish I had some cash lying around that I could use to buy on these sharply falling days. Yeah yeah...market timing. :P
As for checking my balances? Nuh-uh. Not gonna do it right now. Depending on how the rest of the year goes, I might just check on Dec 31 to get a recap on the year as a whole. It's (probably) going to be depressing, especially compared with last year's crazy gains.
-
Yep. Still buying. Down to 1.925 invested. I ain't planning on hanging with you sukkas long though. ;)
-
Yep. Still buying. Down to 1.925 invested. I ain't planning on hanging with you sukkas long though. ;)
Another 50+% crash and you're in the racing from $500 -> $1M thread?
-
Yep. Still buying. Down to 1.925 invested. I ain't planning on hanging with you sukkas long though. ;)
Another 50+% crash and you're in the racing from $500 -> $1M thread?
I sure as hell hope not. I'll be pissed if I'm ever a less than one millionaire, I'm pissed enough not being a two millionaire. For that scenario probably want to invest in beans and bullets.
-
Yep. Still buying. Down to 1.925 invested. I ain't planning on hanging with you sukkas long though. ;)
Another 50+% crash and you're in the racing from $500 -> $1M thread?
Don't laugh; whatever happens to us happens to you, too.
-
None of us got here without seeing a few pullbacks. It will pass.
-
Bring on the market correction! I'm poised to buy!
-
Bring on the market correction! I'm poised to buy!
What if the correction turns into a full-fledged crash that lasts, say, (glances at sig) 10 months and 4 days more?
-
What if the correction turns into a full-fledged crash that lasts, say, (glances at sig) 10 months and 4 days more?
Even better! I'll ride my job for 10 months and 4 days and continue to buy. Then I'll tap my cash cushion as needed during the market recovery. My emergency cash is enough to cover all living expense for two years.
-
What if the correction turns into a full-fledged crash that lasts, say, (glances at sig) 10 months and 4 days more?
Even better! I'll ride my job for 10 months and 4 days and continue to buy. Then I'll tap my cash cushion as needed during the market recovery. My emergency cash is enough to cover all living expense for two years.
Agreed. Tired of buying these stocks at overpriced values. I have a few years and quite a bit of buying to do over that time so I'm hoping to do at least some of it at some lower prices.
-
Put it in the books, 97.7k loss for October. That's a record for me by about 2x in nominal $s since 2014 when I started keeping detailed records (previous was 46k in February of this year). As a percent, it was about 0.7% more of a loss than August 2015, my previous record for monthly % loss, and we all remember those awful awful days....what, you don't? Here's to forgetting this month in a few months/years time!
-
My NW went over $1.5 million today...again.
-
My NW went over $1.5 million today...again.
Nice!
October was obviously a big downer, but the last week+ has erased almost half those losses (in my case at least).
-
It was feeling almost too easy before and I was very close to my goal. More fun this way! Of course I’m still in accumulation mode.
-
It was feeling almost too easy before and I was very close to my goal. More fun this way! Of course I’m still in accumulation mode.
Where do you stand now, brooklynmoney? We still have the friendly race between ourselves! :-)
-
Cornbread this race is not friendly it’s dead serious haha. I got bumped back about $70k so I’m at 1.4 and change. In reality I will never catch you because you have your well deserved pension and I am a corporate drone with no pension.
-
Cornbread this race is not friendly it’s dead serious haha...
Whoa! This is getting serious!! :-)
I got bumped back about $70k so I’m at 1.4 and change.
$1.4 is damn good and only going to get higher.
In reality I will never catch you because you have your well deserved pension and I am a corporate drone with no pension.
Isn't this like comparing apples and oranges? I keep my pension amount separate from my net worth. Net worth is just net worth. Then there is the amount of passive income produced from the net worth. This is when I take that amount and add the amount of the pension to come up with a dollar amount.
You probably will overtake me in NW soon. In about nine months, my accumulation phase most likely will be put on hold indefinitely as I decide on my FIRE options.
-
Thanks for the support, Cornbread. I likewise am thrilled for you receiving permission to retire.
It’s funny what people do or don’t count on net worth. I actually dont count my home equity as I feel like it’s not real until I actually sell. They are shutting down my subway line and I’m sure the value is tanking right now but I’m hopeful it will recover at some point.
No matter whose net worth is higher we both win because we will have the freedom to live life as we choose as FI individuals.
-
No matter whose net worth is higher we both win because we will have the freedom to live life as we choose as FI individuals.
Amen!!
-
We just passed $1M for the first time this month, and plan to work another 5-6 years based on our vested retirement balances, healthcare at current jobs continuing in retirement, etc. so we're not really trying to hit $2M necessarily, but it likely the number we will be very close to mid-2022 when we plan to FIRE.
Count us in! :)
Quick update, we're halfway there, $1.5M approaching the end of 2018. It's a long, boring slog but only took us about 27 months to increase our NW by 50%! Faster than I thought. Just some encouragement to keep us all going :)
-
We just passed $1M for the first time this month, and plan to work another 5-6 years based on our vested retirement balances, healthcare at current jobs continuing in retirement, etc. so we're not really trying to hit $2M necessarily, but it likely the number we will be very close to mid-2022 when we plan to FIRE.
Count us in! :)
Quick update, we're halfway there, $1.5M approaching the end of 2018. It's a long, boring slog but only took us about 27 months to increase our NW by 50%! Faster than I thought. Just some encouragement to keep us all going :)
Just wondering if you could share how much of the increase is from savings and how much is from market growth?
-
props to you guys for a $500,000 increase in NW in less than three years!
-
Quick update, we're halfway there, $1.5M approaching the end of 2018. It's a long, boring slog but only took us about 27 months to increase our NW by 50%! Faster than I thought. Just some encouragement to keep us all going :)
Just wondering if you could share how much of the increase is from savings and how much is from market growth?
I'm not exactly sure, but this is maxing two 401k's each year, and sending average of about $35k to Vanguard after-tax per year... kids college fund investments (about $3k/year is gifted from grandparents for kids college). I haven't been on this board in a while, but I did update my journal with the numbers I could get my hands on quickly. Switched computers late 2017/early 2018 so I'm missing most of 2017's numbers. There was quite a bit of market growth between 2016 and Jan 2018, so I can't take credit for all of it :) We didn't get any inheritances or huge windfalls from house sales, etc. This was all grind it out, save it and invest it. Two full time working parents with all the normal expenses (ridiculous daycare, groceries, mortgage pmt, utilities, etc). If I had to guess, I would say about $80k/year is what we saved, some of that was before tax though so it's misleading.
-
Congrats, Muckety. Well done.
We almost hit 1.1M last week but have fallen back some. We first hit 1M in July but the market's been a little rough and we eliminated a investment property from the balance sheet with zero to show for it (long story).
I love your description as a long, boring slog. I know what you mean. Our NW was about 750k at the beginning of '17 and I can't believe we've grown so quickly. It sure doesn't feel like we're making progress until we look back at the road we've travelled!
UPDATE: 2-20-19: Hit 1.2 M for the first time. Yay!
-
4th quarter dividends and capital gains distros are coming up. I'm wondering how my numbers are going to look for 2018 with the tax law changes and the wildly fluctuating stock market. In 2017, my non-retirement accounts generated $26K in income, and I am hoping to surpass $30K in 2018. The answer will come in a few more weeks!
-
Taking heavy losses. Glad I've OMY, OMY to 2020. I'm getting ready to sell some taxable stocks at a loss and then toss what money is left to fully fund our 2018 Roth IRAs. I quit funding them in April to build cash. It's not nearly as fun losing money.
-
I expect some of the people in the $2M+ thread are going to drop in here. I'm a bit afraid to update my spread sheet. With the losses yesterday, I know I'm only a hundred k or so away from dropping back in the under $2M territory.
-
Total NW is still 2M but investment assets have dipped below.
-
Well, I went and updated the spread sheet. I guess the combination of all the money I've put into the market over the year and the fact that I'm 50/50 meant that the number I look (total investment assets) hasn't really changed.
-
I'm sure some of you will be joining us in the $500k->$1M thread at some point.
It's safer over there, income makes a bigger dent in the forward trajectory.
-
Haven't done a total tally yet, but in my easily assessed after tax account, returns are negative and new investments are larger than those losses. May be that I'm still making enough that we're moving forward, even if not fast. That's fine, since I'm accumulating I'd prefer to deal with losses while I still have income, buy things on sale, and hopefully have a nice sequence of returns after I retire.
-
Well, I went and updated the spread sheet. I guess the combination of all the money I've put into the market over the year and the fact that I'm 50/50 meant that the number I look (total investment assets) hasn't really changed.
I dropped back. Not too worried about it since I'm not living off my stache yet. Was painful to see the amount of the drop though. Should come back by 2030. ;)
-
Well, I went and updated the spread sheet. I guess the combination of all the money I've put into the market over the year and the fact that I'm 50/50 meant that the number I look (total investment assets) hasn't really changed.
I dropped back. Not too worried about it since I'm not living off my stache yet. Was painful to see the amount of the drop though. Should come back by 2030. ;)
I'm excited to see a discount on my next purchase.
-
I'm excited to see a discount on my next purchase.
I put in a limit order at a price I thought SCHB would never get to again. Already planned to pull the money back out of Schwab and throw it into my Ally account. Then I get an email.....a buy has been made. Oh, cool.
-
I have been reluctant to check balances this month for obvious reasons. I peeked at them over the weekend and to my surprise, I was still ensconced in the (very nice) vestibule of this thread.
Then...today. Merry Christmas, indeed. Well, perhaps several of us can set up a transient camp in the parking lot until this little bear market thingy blows over.
-
I'll play.
Investments and cash ~$1.2, total net worth around $1.8 counting personal property and home equity (the latter doesn't really factory into my retirement equation).
A Bateaux post about target numbers brought me to this thread, but I'll stick around for motivation. Doubt we'll cross $2M in net worth this year, but than again I didn't expect to get the returns I've been getting this year either. I keep waiting for a "correction" but I'll enjoy the numbers while they last. Still have a ways to go to meet our goals, and we expect a 10-17 year work horizon in front of us...so far. :)
To my surprise we crossed over $2 million net worth sometime this year. But it includes real estate that I don't factor into my target number. Fun to watch, but plan to still grind it out.
-
My update
Still over $1M The last quarter has not been good. But I have maxed out my 401K, Roth and H.SA for 2018. Still on target for an exit strategy in early 2019
-
Ignorance is bliss. I keep buying but refuse to open personal capital. Might see how long I can keep this up. I usually check at least 1x a week. Right now I’m more concerned with spending less than last year. I’ve got about $100 left to carry me through which includes NYE.
-
Haven't done a total tally yet, but in my easily assessed after tax account, returns are negative and new investments are larger than those losses. May be that I'm still making enough that we're moving forward, even if not fast. That's fine, since I'm accumulating I'd prefer to deal with losses while I still have income, buy things on sale, and hopefully have a nice sequence of returns after I retire.
This was my position in my 401K. Just gotta keep stuffing the pillow.
-
Haven't done a total tally yet, but in my easily assessed after tax account, returns are negative and new investments are larger than those losses. May be that I'm still making enough that we're moving forward, even if not fast. That's fine, since I'm accumulating I'd prefer to deal with losses while I still have income, buy things on sale, and hopefully have a nice sequence of returns after I retire.
This was my position in my 401K. Just gotta keep stuffing the pillow.
Yes, definitely keeping up the buying. Got through the tally of retirement accounts in addition to after tax and balances are up over the year, but only by about 1/3 of what we contributed. So losses, but not a decrease in net worth year over year.
-
Well, we finally lost money Q/Q, and probably not the last time - ah well, looks like we'll have some sales for the next couple years to pump into
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM
-
I’d like to join the race! I’m tracking household NW, since DH and I have combined finances. Really, he does the work and I sit around and watch the accounts.
I’d love to get to 1.6 this year, but with the stuff we have planned (like surgeries and house repairs) 1.5 is more likely. Fingers crossed for nice, steady investment growth and no unexpected emergencies!
So, as it stands now:
1/19 - TNW 1.47; LNW 1.33
-
I'm including home equity; planning to sell the house and move to a lower COLA.
12/31/2011: $244k
12/31/2012: $344k
12/31/2013: $446k
12/31/2014: $541k
12/31/2015: $674k
12/31/2016: $822k
12/31/2017: $1071k
1/31/2018: $1092k or so after today's drop
12/31/2018: $1152k
Definitely not what I hoped for, but my investments performed very poorly and I was up $80k YOY, so I can't complain too much. Just need to keep plowing money in to reach FI!
-
Starting 2019 on $1.1M. Slow progress since we entered this race - dropped our income by 40%, and the markets haven't been helping.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
At $1.36M at end of 2017
NW increase of almost $180k without jobs. I'll take that for markets doing their magic
At $1.24M at end of 2018
Not really a forward race at this point, but I guess it's still better than working :)
-
Back over 1.9M again. Hope to be back over 2M in coming months if the economy holds. Just can't see FIRE happening on less than 2M for my mental well being. I'm going to try and keep spending down to 3% maybe increase to 4% eventually. Hopefully by our golden years we can give more to charities annually than we spend.
-
Back over 1.9M again. Hope to be back over 2M in coming months if the economy holds. Just can't see FIRE happening on less than 2M for my mental well being. I'm going to try and keep spending down to 3% maybe increase to 4% eventually. Hopefully by our golden years we can give more to charities annually than we spend.
I’m back in the race, after briefly & barely graduating when I checked numbers at the end of the 3rd Quarter. While I don’t bet [much] on my ability to do market predictions, I feel this is a race where I’ll cross the line a few more times in both directions before I fire sometime in 2020 to 2022. At the current PE10 ratio range, to FIRE I would like to have a 3.5% WR for normal expenses plus an supplemental medical expense fund to help bridge any major costs until we have access to Medicare.
-
Well done, all!
I'm planning a little bit of spendy activity. A trip to Europe. Possible schooling for child.
My work life changed over the past few years. I work for myself from home most of the time. The stress is low. My clients are fun and smart, and I love working with them. So I'm probably going to be someone who is FI but maybe not officially RE according to the internet retirement police. =-) I can increase or reduce my workload if I want more money or want to travel more, so I'm feeling good about things.
I'm entering a period of wanting to work on some personal projects. If I can do that *and* the business, then I will be a happy camper.
Overall, life is good.
-
the talltexan household has fallen backwards with the market downturn, so we still have most of the second $million in front of us.
-
Well done, all!
I'm planning a little bit of spendy activity. A trip to Europe. Possible schooling for child.
My work life changed over the past few years. I work for myself from home most of the time. The stress is low. My clients are fun and smart, and I love working with them. So I'm probably going to be someone who is FI but maybe not officially RE according to the internet retirement police. =-) I can increase or reduce my workload if I want more money or want to travel more, so I'm feeling good about things.
I'm entering a period of wanting to work on some personal projects. If I can do that *and* the business, then I will be a happy camper.
Overall, life is good.
It seems like you've got a perfect plan.
-
My progress from $1M to $2M
2014: $1,008,000
2015: $1,191,000 (18%)
2016: $1,353,000 (13%)
2017: $1,561,000 (15%)
2018: $1,659,000 ( 6%)
Last year was the lowest $ and % increase to date. Hard work when you don't have those investment returns adding to your net worth.
-
I haven't posted in this thread in a while (can't actually find my last one!) but I just went over $1.2m for the first time yesterday.
Market rebound in the first few weeks of January has helped, but I wouldn't be sad if it dipped down again over the next few months in order to buy some more :)
-
Total NW went over $1.5 again due to the market. Our target is $1.6 by April 2020 when we both give notice. We're almost there!
2011: $506k
2012: $594k
2013: $757k
2014: $835k
2015: $979k
2016: $1138k
2017: $1389k
2018: $1467k
-
Congrats.
I wonder if the unwinding of the federal holdings of treasuries and mortgage backed securities is in part to blame for lowered asset valuations.
The Hot Topic in Markets Right Now: ‘Quantitative Tightening’
https://nyti.ms/2GbIplo
-
The unwinding you describe is a "tight" monetary policy, but we also have a very "loose" fiscal policy to the tune of our $1 trillion budget deficit, so that should be offsetting things a little.
-
Well done, all!
I'm planning a little bit of spendy activity. A trip to Europe. Possible schooling for child.
My work life changed over the past few years. I work for myself from home most of the time. The stress is low. My clients are fun and smart, and I love working with them. So I'm probably going to be someone who is FI but maybe not officially RE according to the internet retirement police. =-) I can increase or reduce my workload if I want more money or want to travel more, so I'm feeling good about things.
I'm entering a period of wanting to work on some personal projects. If I can do that *and* the business, then I will be a happy camper.
Overall, life is good.
It seems like you've got a perfect plan.
Thank you.
It's been a long road. Before I came here, I used to be on the Fool.com forum. I had the savings/frugality part down before coming here. This forum helped me learn about some additional areas that helped me reach my goal. =-D
-
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.
-
I'm a little disappointed in myself for not having taken advantage of the dramatic dip between Christmas Eve and early January. I got spooked and had new money going into bonds during that period. It was only perhaps $3-$5K, but it would have been nice to get that stuff on sale.
-
Yeah, because of job changes plus topping off the 401k at the end of November, we had only a trickle entering the markets during December and January. Sucks but will be totally unnoticeable in a few years.
-
Getting really close.
If I include the value of my pension...its really, really close.
I think DFW housing market softening is going to whack me a little then the sustainable withdraw rate starts
-
Stuck just under $1.3M since end of 2017 due to personal decisions on investments (market timer anyone?)... Starting to recover from moving/downsizing expenses after achieving debt freedom though... Just paid off the last expense from that last day of Feb.
So the good news is now the budget for March amazingly has almost $1500 more in free cash flow. All going into the after tax investments. The bad news is work drama is ongoing after a re-org... So an income interruption (or FIRE call) is likely this year. But the stash is going to get a bump in early 2021 with a family windfall... So the plan is to just do what has to be done until 2021... Then after that, Bring on RE baby... Money Badger don't care.
-
How much have you earned this year from investments? I'm surprised at how much our investments increased this calendar year.
-
How much have you earned this year from investments? I'm surprised at how much our investments increased this calendar year.
10.3% as of Feb 25 including dividends.
PC says sp500 was 10.5%.
My investments were about 7.5% cash though as I've been dollar cost averaging proceeds from a home sale into the market. I know better factually but I just couldn't bring myself to pull the trigger on such a large sum on one day. Turned out for the best bc it would have been in October. Luck!
-
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
whats your WR. 4% of 1.17M or less?
Hard to say because we have a lot of changes and went into permanent travelling mode, so don't know what our expenses are. Will aim to keep them below $40,000. Long term it will depend on cost of housing in whatever area we settle in.
We're in a similar situation! North of 1MM, FIRE'd, so our "race" to 2MM will be more like a slow crawl.
Unknown expenses due to travel/kids and unknown future "settling" situation.
But hey, I'd rather crawl to 2MM while not working than rocket there while working full time, personally. :D
I'd guess maybe.. 2021 or so? Could be earlier or later, depending on market returns and any contributions.
Guess it's time for an update, two years later.
April 2010: Net Worth $0
January 2015: $1MM
June 2015: FIRE'd.
January 2017 (the time of the above quoted post): 1.44MM
January 2019 (present): 1.76MM
My 2021 guess looks fairly accurate. It might happen earlier, in 2020, or later, in 2022 or after, if we see a market dip. Either way, we're not sweating it.
Our first retire, then get rich (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$1m-to-$2m/msg1592136/#msg1592136) plan is working pretty well. Asset runaway (https://forum.mrmoneymustache.com/continue-the-blog-conversation/first-retire-then-get-rich/), where it accumulates faster than you draw down on it, is pretty sweet.
Though our expenses are no longer Mustachian-level. They're a bit north of 4% of what our current stache is. I'm not sure exactly, as I no longer track spending (https://forum.mrmoneymustache.com/post-fire/tracking-spending-post-fire/). They're over 3x what they were in our accumulation phase. They're optimized and in-line with our values, which is all I care about, rather than an arbitrary number.
-
In the vein of what arebelspy just posted, I happen to look back at where we were when I wrote my first journal entry here, four years and one month ago.
Jan 2015: a hair's breadth away from $1M
Feb 2019: $1.966 (invested, doesn't count 529s or home equity)
So that means it took us ten years collectively to get from $0 to $1M and four years to go from $1 to $2. Maybe this is the magical compound interest thingie that caught my attention like a bolt of lightening in that finance class I took as an undergrad.
-
Joining this race!
march 2019: 1.04m
-
Thanks to the market bouncing back, our NW is hovering around 1.33 M. Just shy of 1.6 if you count the equity in our paid-off place.
This is about $183,000 in gains since this time last year, $457,000 in two years and $770,000 in three. Pretty crazy how fast that happens when compounding really gets going.
-
In the vein of what arebelspy just posted, I happen to look back at where we were when I wrote my first journal entry here, four years and one month ago.
Jan 2015: a hair's breadth away from $1M
Feb 2019: $1.966 (invested, doesn't count 529s or home equity)
So that means it took us ten years collectively to get from $0 to $1M and four years to go from $1 to $2. Maybe this is the magical compound interest thingie that caught my attention like a bolt of lightening in that finance class I took as an undergrad.
You bought a house in the super expensive Bay Area during that time, which means at least $100k down, maybe more. This money didn't disappear, you merely shifted it to another asset class. I think you should totally count it, as it's still out there, working hard for you. Your progress is even more badass than you're giving yourself credit for, @ysette9.
-
You are right, there was a good $200k that got harvested off the top of our vanguard account for house purchase and remodel. Incidentally almost all of that was pure gains from our investments, which felt pretty damn cool. Thanks, Vanguard!
-
The TallTexan Household is sitting at about $1.1 million, putting us below the average for this group. I'd love some advice from my fellow millionaires.
It's become apparent that we will have to move within Charlotte, however. We're currently in a--let's be nice and call it palatial--house that maps to a mediocre school district. We'd like to improve the schools, and reduce travel time to other things.
Housing is fairly cheap in Charlotte, but we are still cautious about sinking too much money into a property. Based on our income, we could handle monthly payments of about $2,400 fairly easily. We also have perhaps $100,000 equity in our current home, and perhaps double that in taxable investments.
Is there a rule-of-thumb about how your house should compare to the rest of your net worth? I would certainly like to be able to count on market returns continuing to grow much of our 'stache, rather than having to depend on house appreciation.
For what it's worth, I'm comfortable servicing a low-interest mortgage for a long time.
-
I don’t have a good answer for you. I think the standard response would be to buy as little as possible to meet your goals. There are people here with $200k houses. Ours was a comparable steal for our area at a hair over $1M.
Over the years I’ve come to the conclusion that for houses I much prefer quality over quantity. Meaning, a well laid-out house with kick-ass insulation and light and high-end features and good storage is way more comfortable to me than a big-ass McMansion. I visit my aunt and uncle who live in a McMansion in South Carolina and I am always struck at how HUGE it is, but also how incredibly loud it is. There is literally no place you can escape to in over 3000 ft^2 to have some peace and quiet as everything is open, huge reverberating ceilings, no insulation, and wood floors everywhere. The house looks nice but you can tell it wasn’t constructed with the best quality materials or processes and is showing its age (even though it is not old).
Anyway, point of my long, rambling rant is that in you shoes I would look for a modest-sized house in an old neighborhood (with mature trees as new developments are so stark and barren) that has been remodeled with high-quality finishes. I’d insulate the heck out of it if it hadn’t been done already. Think hard about how much space you actually use. In CA the weather is so great pretty much always that we comfortably live in 900 of our 1100ft ^2 much of the time. You obviously have to deal with some pretty harsh weather so I think more indoor space makes sense to not go stir crazy. Most of my aunt and uncle’s sits unused most of the time, so just be thoughtful.
***
Edit: I’d “insulate”, not “insulte” the house ;-)
-
To add to what my Bay Area pal above said, I'd look for a duplex or a house with a nice ADU for potential income, now or later. The % of net worth calculation isn't all that valuable. In the begining we were RE heavy, (because you kind of have to be in a HCOLA) then we increased our equities, then we bought more RE and we're heavy there again. Eventually the total is so big it doesn't matter all that much.
-
I made a grand total of $1,800 in the last six months. Life is hard.
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
-
Dang HD. Unless you're a crypto trader that's kinda strange.
-
Why is that strange? Stocks are still significantly below the Sept 2018 highs. Herb is probably 100% stocks - Condo value.
ETA - correct date. Thanks @RWD !
-
Stocks are still significantly below the Sept 2019 highs.
This is very reassuring. Looking forward to the stock market gains this year! =P
-
How do y'all stay motivated? I recently joined the
threetwo-comma club, am loosening the reins a bit and allowing some lifestyle creep.
I mean, I'll still drive a couple of minutes out of my way to get gas 10c cheaper. But picking up extra work is not appealing, and I know that the original drive/push/whatever has subsided. At this point the market/time is going to do most of the lifting from now on.
-
How do y'all stay motivated? I recently joined the three-comma club, am loosening the reins a bit and allowing some lifestyle creep.
I mean, I'll still drive a couple of minutes out of my way to get gas 10c cheaper. But picking up extra work is not appealing, and I know that the original drive/push/whatever has subsided. At this point the market/time is going to do most of the lifting from now on.
If I was a billionaire, I would have trouble staying motivated as well.
-
If I were in the three-comma club, i'd totally be hiring homeless people to sneak into my workplace and take dumps on peoples' desks.
-
Why is that strange? Stocks are still significantly below the Sept 2018 highs. Herb is probably 100% stocks - Condo value.
ETA - correct date. Thanks @RWD !
Yeah, basically my net worth is divided across index funds, company stock, and my condo, all three of which are down since September 2018. Life is hard.
-
I don't know if other people on this group are in a similar situation.. I FIREd nearly two years ago (at 42), with less than 800k$. I'm now at 1.15M$ (investable). I spend about 24k$ per year.
First year we mostly travelled, my wife was on a sabbatical leave, I also started doing work as a consultant, maybe a total of 300 hours or so. This year I will have worked maybe twice that number of hours, mostly during the cold months of winter.
Reaching 2M$ may take longer than most of you (it may never happen actually) since I earn less money that I used to when I was working full time.
The reason why I target 2M$ is that my wife is not retired yet and while my spending level is low right now, we want to travel when we are both retired (at least, initially), particularly during winter.
-
How much have you earned this year from investments? I'm surprised at how much our investments increased this calendar year.
10.3% as of Feb 25 including dividends.
PC says sp500 was 10.5%.
My investments were about 7.5% cash though as I've been dollar cost averaging proceeds from a home sale into the market. I know better factually but I just couldn't bring myself to pull the trigger on such a large sum on one day. Turned out for the best bc it would have been in October. Luck!
Oh, that is luck all right! Thank you for sharing that.
-
So that means it took us ten years collectively to get from $0 to $1M and four years to go from $1 to $2. Maybe this is the magical compound interest thingie that caught my attention like a bolt of lightening in that finance class I took as an undergrad.
Amazing!! I love hearing about how long it takes to reach the second million after the first.
How much did you save per year during those four years?
-
How do y'all stay motivated? I recently joined the threetwo-comma club, am loosening the reins a bit and allowing some lifestyle creep.
I mean, I'll still drive a couple of minutes out of my way to get gas 10c cheaper. But picking up extra work is not appealing, and I know that the original drive/push/whatever has subsided. At this point the market/time is going to do most of the lifting from now on.
I think you don't. And that is okay.
Well, the answer depends on what your question means.
Does it mean how do we stay motivated to save?
Does it mean how do we stay motivated to work or do other things?
Instead of focusing on motivation, I'd focus on action. If you want to do something--save, work, something else--do that. Motivation can come later.
-
I want to give props to oldtoyota for the name.
I have a 10.5 yo Camry. It has been driven a very non-mustachian 125,000 miles. But it's stayed solid, helped by covered parking at every job I've had. Choosing that car over many others has been a key to prosperity in the talltexan household.
-
So that means it took us ten years collectively to get from $0 to $1M and four years to go from $1 to $2. Maybe this is the magical compound interest thingie that caught my attention like a bolt of lightening in that finance class I took as an undergrad.
Amazing!! I love hearing about how long it takes to reach the second million after the first.
How much did you save per year during those four years?
Hmm. Good question. Our saving certainly has been increasing in $ terms over the years but I don’t think I have an easy way of determining. I’ll take a quick peak and see if we have any tax time overview spreadsheets that might shed light.
-
How do y'all stay motivated? I recently joined the threetwo-comma club, am loosening the reins a bit and allowing some lifestyle creep.
I mean, I'll still drive a couple of minutes out of my way to get gas 10c cheaper. But picking up extra work is not appealing, and I know that the original drive/push/whatever has subsided. At this point the market/time is going to do most of the lifting from now on.
I struggle a bit with motivation too. The only way I've found that works is to turn it into a game and have short-term milestones. In 3 months I want to be here. In 6 months I want to be here. Etc.
I think once you are financially comfortable and trying to get to the next level (financially comfortable...forever, without working further), there is a challenge staying motivated. Because you're no longer working for immediate needs/wants any more, but rather working to shore up your lifestyle. That's great and all, but it's not as mentally compelling.
Strangely one way I've found that works is to promise myself I will save 5-10% of my net income in a "fun" fund that I then splash out on stupid, useless things. It encourages me to keep going.
-
So that means it took us ten years collectively to get from $0 to $1M and four years to go from $1 to $2. Maybe this is the magical compound interest thingie that caught my attention like a bolt of lightening in that finance class I took as an undergrad.
Amazing!! I love hearing about how long it takes to reach the second million after the first.
How much did you save per year during those four years?
Hmm. Good question. Our saving certainly has been increasing in $ terms over the years but I don’t think I have an easy way of determining. I’ll take a quick peak and see if we have any tax time overview spreadsheets that might shed light.
Well damn. No easy answers after 5 min of poking around. I think we saved something like $270k in 2018 though. (The stock price gods smiled kindly that year.)
-
I want to give props to oldtoyota for the name.
I have a 10.5 yo Camry. It has been driven a very non-mustachian 125,000 miles. But it's stayed solid, helped by covered parking at every job I've had. Choosing that car over many others has been a key to prosperity in the talltexan household.
Thank you! Toyotas have been helpful to us in our accumulation phase. =-D We have a 14 yo Camry and some old Corollas.
-
Thanks for taking a look @yesett9. =-D
-
I have a 10.5 yo Camry. It has been driven a very non-mustachian 125,000 miles. But it's stayed solid, helped by covered parking at every job I've had. Choosing that car over many others has been a key to prosperity in the talltexan household.
...Toyotas have been helpful to us in our accumulation phase. =-D We have a 14 yo Camry and some old Corollas.
Add me to the Toyota fan club. I drive a 1999 Toyota 4Runner that is approaching 250K miles. The vehicle would be well over 300K miles had I not spent five years overseas.
-
I’ve always been more of a Honda person myself because i found them more fun to drive and less ugly than Toyota’s. :) That said, I’ve got a spend GTI now which is enormous fun. Our old Civic went 213k miles on the original clutch before we sold it; i was pretty impressed with that.
-
I went from $2 million to $900k in 2017 due to a divorce. (Don't know why she got 100k more than I did, but I considered the cost of poor judgement on my part).
Got remarried, and that took net worth up to $1 million. In the last year and a half, we've saved/earned another $200k, so we're up to 1.2 million.
We've been struggling to break the 1.2 since October of 2018, when the market turned south. But I stayed the course, kept buying, kept saving. Broke through it yesterday. Found out my company ESOP just pushed their annual reassessment of privately held stock, and that pushes us up to 1.25 million. Boom!
We shooting for about $1.5 to $2 million for FIRE.
-
Keep up the good work.
-
Toeing the line between single and double commas since August 2018. 8/9/18, 8/20/18, 9/11/18, and again 1/30/19. Spent most of October-January under $1M. It's a little frustrating. I thought we'd just start to see our NW soar after hitting 1M, but the volatility keeps us guessing, for better or worse. (lol, I also thought the same about hitting $500K, but didn't really feel that, either.) Anyway, hoping to have enough to peace out in a year or two. More likely will have enough for at least one of us, DH or me, to do so sooner than that, but I've yet to walk through the "not saving as much but not drawing down anything yet" math.
We also have an old Toyota, a 2005 Toyota matrix with 212K miles on it. Not the original clutch, unfortunately. Replaced that around 140K miles. Thought about replacing the car last year after it passed 200K miles, but ultimately decided to stick it out.
-
Toeing the line between single and double commas since August 2018. 8/9/18, 8/20/18, 9/11/18, and again 1/30/19. Spent most of October-January under $1M. It's a little frustrating. I thought we'd just start to see our NW soar after hitting 1M, but the volatility keeps us guessing, for better or worse. (lol, I also thought the same about hitting $500K, but didn't really feel that, either.) Anyway, hoping to have enough to peace out in a year or two. More likely will have enough for at least one of us, DH or me, to do so sooner than that, but I've yet to walk through the "not saving as much but not drawing down anything yet" math.
We also have an old Toyota, a 2005 Toyota matrix with 212K miles on it. Not the original clutch, unfortunately. Replaced that around 140K miles. Thought about replacing the car last year after it passed 200K miles, but ultimately decided to stick it out.
Sometimes we get hung up on a milestone. We've been on both sides of 2 million many times in past months. It will also do it at 1.2 for you or possibly 2.3 for me or some other number. You just notice the big ones more. It will eventually pass it though if you stay the course. My eleven year old Honda Accord with 205k is still getting me around. Almost shameful for a millionaire to drive around in a car like that, should plop down a bunch of cash and make it available to a poor person to buy. But, I'm greedy like that.
-
Toeing the line between single and double commas since August 2018. 8/9/18, 8/20/18, 9/11/18, and again 1/30/19. Spent most of October-January under $1M. It's a little frustrating. I thought we'd just start to see our NW soar after hitting 1M, but the volatility keeps us guessing, for better or worse. (lol, I also thought the same about hitting $500K, but didn't really feel that, either.) Anyway, hoping to have enough to peace out in a year or two. More likely will have enough for at least one of us, DH or me, to do so sooner than that, but I've yet to walk through the "not saving as much but not drawing down anything yet" math.
We also have an old Toyota, a 2005 Toyota matrix with 212K miles on it. Not the original clutch, unfortunately. Replaced that around 140K miles. Thought about replacing the car last year after it passed 200K miles, but ultimately decided to stick it out.
Almost shameful for a millionaire to drive around in a car like that, should plop down a bunch of cash and make it available to a poor person to buy. But, I'm greedy like that.
The culture of this site has retrained me so that--when I see a guy in workout clothes walk into the bank, or I see someone on a bike--I think, "There's someone who's a real millionaire!"
-
The culture of this site has retrained me so that--when I see a guy in workout clothes walk into the bank, or I see someone on a bike--I think, "There's someone who's a real millionaire!"
One of my biggest personal issues since converting to a bike-based lifestyle is my 'smug' (reference a South Park episode where Prius drivers emitted smug, rather than smog). I can't help feeling annoyance at the rampant waste of all of the giant trucks/SUVs/luxury cars everywhere, cutting me off and driving stupidly. I mostly keep my smug internal, but I imagine that the smug pressure builds and a bit pops out every now and again.
-
Well I didn't make it to the 7 figure club because of a Toyota, I had a Jetta. It wasn't for lack of trying, my first choice was actually a Toyota Echo when I was car shopping back in the day but the sales guy told me he couldn't find one with antilock breaks which was a need for me. I walked, now I sit here and wonder if it was really that hard to find in 2000.
Oh well, the Jetta lasted me 15 years until I replaced it pre MMM days with a Jeep Renegade even though I hadn't completely driven it into the ground.
-
Joining the group here. We entered the year at $1.1MM. Myself 32 and wife 34 in a HCOL city with one kid. The invested stash is 0.95MM, rest is home equity. Our income is pretty lumpy due to meaningful component coming in the form of a YE bonus. I'm DCAing the bonus but wishing I had dumped it all in when I received it at beginning of January. I figure it will take 3-4 years to get to the 2MM mark.
History:
1/2015: 0.42 MM
1/2016: 0.56 MM
1/2017: 0.84 MM
1/2018: 0.95 MM
1/2019: 1.10 MM
-
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.
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM
Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM
-
Chip, Chip, Chip. After seeing the market was up again yesterday I eagerly awaited this morning to see that I had crossed over the $1.5 million mark.
-
Congrats!
The recent market generosity means we have just crossed over the $2m mark. I expect I’ll bounce back and forth between this group and the $2-$3m club as the market giveth and taketh away.
-
Q1 2019 report
income (gross) - me $62k
partner $14k
rent $7k
expenses - business $10k
expenses - rental $2k
interest - rental $7k
expenses - living $7k
bills - 4k
tax - gst 5k
tax - income (me) 15k
tax - income (partner) 3k
tax - student loans (partner) 1k
total income 83k
total expenses 30k
net income 52k
total tax / debt payments 24k
net savings 28k
i have about 1.5m in property (residential and rental) but property went down 3% this quarter so that is a $45k loss
total net position -17k
Ouch. On track to lose nearly $70k for the year. Oh well, better luck next quarter. :) Gotta take the good with the bad.
-
Congrats!
The recent market generosity means we have just crossed over the $2m mark. I expect I’ll bounce back and forth between this group and the $2-$3m club as the market giveth and taketh away.
Whoop Whoop Whoop!
-
Added a second comma last week. Upgrading my membership.
-
The recent market generosity means we have just crossed over the $2m mark. I expect I’ll bounce back and forth between this group and the $2-$3m club as the market giveth and taketh away.
Big congratulations to you! :-)
-
I finally reached the $1.6 million mark!! It was a wild ride from $1.5 to $1.6!! :-)
-
Looks like there will be a bunch of you joining those of us in the >$2M thread pretty soon.
My first million took 20 years. 2nd million took 4 years.
-
Apr '18: TNW $1.60M, LNW $1.30M
Apr '19: TNW $1.80M, LNW $1.44M
Last year LNW went above $1.4M several times in the July-Sept period, then sat stubbornly below that starting in October. We finally got back over $1.4M a month or two ago, and have stayed above it for a couple weeks. I decided to post an update because TNW crested $1.8M (for the first time) on Friday.
-
My first million took 20 years. 2nd million took 4 years.
A lot of us FIRE'd after the first, so the second is coming along slowly versus if we still had a paycheck.
The first million took me about 5 years (about 8 years of working, but the first three years of working I had 0/negative NW because of the housing crash, so 5-8 years depending on how you count it).
Quit at 1.2MM, now almost 1.8. It has been about 4 years, and I anticipate it'll take another one, depending on market conditions. So 0 to 1MM will be similar to 1MM to 2MM, for me. I'd be content if #3 took the same amount of time.
Expenses are shooting up though, so I'm skeptical.
-
For second tax year in a row, my wife and I exceeded the AGI to contribute to my Roth.
I just faxed in a form to remove about $4,500 in contributions. Last year I used the same form to simply reclassify them as 2018 contributions (instead of 2017), but this year I've accepted that I just need to put the money somewhere else.
RPP.
-
For second tax year in a row, my wife and I exceeded the AGI to contribute to my Roth.
I just faxed in a form to remove about $4,500 in contributions. Last year I used the same form to simply reclassify them as 2018 contributions (instead of 2017), but this year I've accepted that I just need to put the money somewhere else.
RPP.
Backdoor Roth, baby! That is what I do, since I didn’t have a traditional IRA balance to begin with. My husband has a decent-sized traditional IRA, we don’t want to deal with pro rata nonsense nor does it make sense to convert to Roth at this point, so he just doesn’t contribute to an IRA now.
-
For second tax year in a row, my wife and I exceeded the AGI to contribute to my Roth.
Hah. What a great problem to have!
Our AGI is not even a third of where the phaseout starts.
-
Indeed my wife has done the backdoor Roth last two years. I have another IRA besides my work 401K which I think prevents that.
The money will probably just wind up in a pre-tax account, which better suits the investment order anyway.
-
I quit collecting paychecks in October 2018. Officially put myself on "smoke break" status through at least the end of Summer by quitting my job 3/29/19. (3-2-1 GO...) My original planned FIRE date was 4/1/22.
We are at $1.71 TNW as of today while cash flowing college for the oldest. The savings rate will slow dramatically at this point with me not working and college expenses (out-of-state tuition for the oldest - in line with our values though - and travel from West Coast to East Coast for breaks). We're closing on a new house 5/15/19, which will also eat up some cash. DH continues to work and earn to support our clown car fancy pants lifestyle. I DIY, travel hack, and coupon where I can. :-)
It will be a marathon vs. a sprint for us to get to $2.0M.
-
Looks like there will be a bunch of you joining those of us in the >$2M thread pretty soon.
My first million took 20 years. 2nd million took 4 years.
What a difference! Thank you for sharing this.
Did you contribute more in those 4 years or did the first million do most of the work?
-
It was a combination of both
My career took off in my late 30s, so I was able to save a lot.
I also got lucky with property purchases I had made.
Finally, I became far more aware of my finances, and improved my spending behaviours. I am not so much talking about frugal living but more the big ticket items like home renovations and cars, which we stopped throwing money at.
-
Hit investment net worth of 1.1 million today
Sent from my Nexus 5 using Tapatalk
-
Hit investment net worth of 1.1 million today
Sent from my Nexus 5 using Tapatalk
SWEET!!!!
-
PTF. Our investable assets are at $1.68M right now. Aiming for $2M.
Does it bother anyone else that at this point in your journey, fluctuations in the market do much more to your net worth than what you're actually saving each month?
-
PTF. Our investable assets are at $1.68M right now. Aiming for $2M.
Does it bother anyone else that at this point in your journey, fluctuations in the market do much more to your net worth than what you're actually saving each month?
Yes I find the same thing
Sent from my Nexus 5 using Tapatalk
-
PTF. Our investable assets are at $1.68M right now. Aiming for $2M.
Does it bother anyone else that at this point in your journey, fluctuations in the market do much more to your net worth than what you're actually saving each month?
Yes I find the same thing
Sent from my Nexus 5 using Tapatalk
I don't find it bothersome at all, but yet exiting.
-
PTF. Our investable assets are at $1.68M right now. Aiming for $2M.
Does it bother anyone else that at this point in your journey, fluctuations in the market do much more to your net worth than what you're actually saving each month?
Yes I find the same thing
Sent from my Nexus 5 using Tapatalk
I don't find it bothersome at all, but yet exiting.
Yes, I just meant that I noticed it.
I agree it is more exciting than bothersome
Sent from my LG-V522 using Tapatalk
-
PTF. Our investable assets are at $1.68M right now. Aiming for $2M.
Does it bother anyone else that at this point in your journey, fluctuations in the market do much more to your net worth than what you're actually saving each month?
Yes I find the same thing
Sent from my Nexus 5 using Tapatalk
I don't find it bothersome at all, but yet exiting.
Yes, I just meant that I noticed it.
I agree it is more exciting than bothersome
Sent from my LG-V522 using Tapatalk
I guess it is mostly a good feeling for me too, just sometimes feels like what's the point of working so hard now when all we really need to do is coast until we hit our number.
Like when we used to save $10,000 a month, it was like yeah! Now it's more like, meh.
-
It's been six years of up...the painful part is when there are downs - then you saved $10,000 when it feels like you might as well have spent it vs. having the markets eat it. You try to tell yourself you're buying on sale, but it still hurts to not time the market. ;-)
-
My liquid NW is now solidly over the 1M hump so I will start hanging over here more now.
-
My liquid NW is now solidly over the 1M hump so I will start hanging over here more now.
Hello! It's a transient group this $1M-$2M....the second million is faster than the first for sure!
-
I should have posted here a while back.
2017-Jan - NW $1.009MM
2018-Jan - NW $1.184MM
2019-Jan - NW $1.302MM
(MM for million)
I quit my full time job overseas and tried to FIRE in Oct-2018 ($1.29M). Instead I found it pretty stressful (Rental Taxes/Ins & Personal Taxes/Ins). Landed a job in Mar-2019 back in computers/IT.
-
My liquid NW is now solidly over the 1M hump so I will start hanging over here more now.
Last night we hit $1 M NW!
Good stuff! Welcome to the thread!
-
some of the NW is Zillow enthusiasm
Sorry to be a bit of a wet blanket, but we're taking the hit from that right now as we sell our primary residence. Still selling for a nice profit and it went under contract in two days which was great, but when push came to shove we landed on an asking and sale price that was about 4% less than the enthusiastic Zestimate. I had been using Zillow to calculate that part of our net worth for years and never applied any kind of discount, even for selling costs, because for a long time the Zestimate was clearly below the actual market value. Then in the past couple years it caught up and then some, and I continued to use it despite my skepticism...for consistency's sake I told myself. So even though the stock market is hitting all-time highs, our net worth is about to be rolled back approximately a month to early April (shrug). In the grand scheme, hopefully it's just a rounding error.
-
Uncertain real estate estimates are why I don't really like to look at net worth. We have two rental properties and a primary residence. One of the zestimates on a rental is probably about 100k more than what it would actually sell for. In that case I actually stopped linking Zillow and put in an estimated value. I generally just look at investable assets and then add our rental income on top of that.
-
The weird thing about Zestimate is that it had my house valued increasingly higher these last six months up to a high of around $464,000 just last week.
Then I looked at it again on Friday and low and behold the Zestimate which had been rising at a very stable moderate pace suddenly was down $30,000 to an estimate of $434,000
Yet this lowered price according to the Zestimate was an increase from the previous month, which it is not.
Just makes no sense.
-
For the value of my investment properties and the primary house, I tend to set them at the rate I bought them. That being said I have adjusted only a couple of times. Once when I received an offer and the other time after a bank appraisal. Even then I didn't jump up fast. Just a 5% increase each time. Half was bought between 2010-2013 and the other half was bought between 2016/2017. This helps with my capitalization rate (Around 8%) and exceeding the 1% rule rent-vs-cost ratio.
-
Super-long time since I've posted in this thread--time for a new update!
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Feb-17 | $622K | $905K |
| Mar-17 | $651K | $930K |
| Apr-17 | $660K | $939K |
| May-17 | $675K | $954K |
| Jun-17 | $694K | $967K |
| Jul-17 | $717K | $991K |
| Aug-17 | $721K | $1,000K |
| Sep-17 | $738K | $1,007K |
| Oct-17 | $762K | $1,033K |
| Nov-17 | $782K | $1,055K |
| Dec-17 | $796K | $1,058K |
| Jan-18 | $836K | $1,095K |
| Feb-18 | $823K | $1,083K |
| Mar-18 | $812K | $1,081K |
| Apr-18 | $818K | $1,094K |
| May-18 | $836K | $1,115K |
| Jun-18 | $844K | $1,131K |
| Jul-18 | $872K | $1,165K |
| Aug-18 | $891K | $1,175K |
| Sep-18 | $895K | $1,177K |
| Oct-18 | $844K | $1,127K |
| Nov-18 | $864K | $1,148K |
| Dec-18 | $813K | $1,099K |
| Jan-19 | $872K | $1,158K |
| Feb-19 | $912K | $1,201K |
| Mar-19 | $927K | $1,220K |
| Apr-19 | $962K | $1,257K |
Q4 2018 was a rough time, of course--it was hard to see "dollars" evaporating like that. But we held our breath and kept plugging away at saving/investing. The coolest thing to me to see in the numbers above: we now ALMOST qualify to be in this thread on non-home-equity net worth. ;-)
Onward!
(posting also in the $500K to $1M thread for account balance)
-
some of the NW is Zillow enthusiasm
Sorry to be a bit of a wet blanket, but we're taking the hit from that right now as we sell our primary residence. Still selling for a nice profit and it went under contract in two days which was great, but when push came to shove we landed on an asking and sale price that was about 4% less than the enthusiastic Zestimate. I had been using Zillow to calculate that part of our net worth for years and never applied any kind of discount, even for selling costs, because for a long time the Zestimate was clearly below the actual market value. Then in the past couple years it caught up and then some, and I continued to use it despite my skepticism...for consistency's sake I told myself. So even though the stock market is hitting all-time highs, our net worth is about to be rolled back approximately a month to early April (shrug). In the grand scheme, hopefully it's just a rounding error.
I use the Redfin estimate for my house, then discount it 5%. I used to use an average of various online estimators, including Zillow, but quit as some of them stopped operating or became redundant with Zillow.
Zestimate has always been terribly low for my house (judging upon actual sale price as well as nearby comps). I believe part of the reason is that their algorithm includes comps from a neighboring city that has much worse schools, which reflects in about a 20-30% discount in reality.
We'll see how it eventually shakes out. I certainly don't take any house value estimates as set in stone.
-
some of the NW is Zillow enthusiasm
Sorry to be a bit of a wet blanket, but we're taking the hit from that right now as we sell our primary residence. Still selling for a nice profit and it went under contract in two days which was great, but when push came to shove we landed on an asking and sale price that was about 4% less than the enthusiastic Zestimate. I had been using Zillow to calculate that part of our net worth for years and never applied any kind of discount, even for selling costs, because for a long time the Zestimate was clearly below the actual market value. Then in the past couple years it caught up and then some, and I continued to use it despite my skepticism...for consistency's sake I told myself. So even though the stock market is hitting all-time highs, our net worth is about to be rolled back approximately a month to early April (shrug). In the grand scheme, hopefully it's just a rounding error.
I use the Redfin estimate for my house, then discount it 5%. I used to use an average of various online estimators, including Zillow, but quit as some of them stopped operating or became redundant with Zillow.
Zestimate has always been terribly low for my house (judging upon actual sale price as well as nearby comps). I believe part of the reason is that their algorithm includes comps from a neighboring city that has much worse schools, which reflects in about a 20-30% discount in reality.
We'll see how it eventually shakes out. I certainly don't take any house value estimates as set in stone.
Yep, I find Redfin to be much more accurate and stable (incidentally, went with them as our listing agent). But I used Zillow to calculate NW because 1) that's what Personal Capital uses and 2) it was initially more conservative than the Redfin estimate.
-
Officially joining this thread... Hit $1M for the first time today! $500K to $1M took 3.5 years. Wonder how long for the next $500K? Currently saving about 30% of our gross...
Mth/Yr Liquid Assets
Oct 2015 $513K
Apr 2019 $1,020K
-
@Tracyl-5 Welcome to the thread! Where do you live in Hawaii?
-
Wondering, though, are Zillow numbers considered accurate?
Sometimes they are, sometimes they aren't ;-)
-
The weird thing about Zestimate is that it had my house valued increasingly higher these last six months up to a high of around $464,000 just last week.
Then I looked at it again on Friday and low and behold the Zestimate which had been rising at a very stable moderate pace suddenly was down $30,000 to an estimate of $434,000
Yet this lowered price according to the Zestimate was an increase from the previous month, which it is not.
Just makes no sense.
Yes, I've definitely noticed that these online estimators 'back-correct' their data. The numbers I record don't match up with their supposedly archived data later on.
-
Here's another weird thing that's messing with our net worth. My husband has RSUs that vest over four years. He still has some years left to go. But Fidelity is showing the value of ALL the shares, including unvested. This makes zero sense to me. I've had to deactivate this account in Mint, but in a couple weeks he will have a major vesting and I don't know how to add these vested shares to our net worth.
-
Here's another weird thing that's messing with our net worth. My husband has RSUs that vest over four years. He still has some years left to go. But Fidelity is showing the value of ALL the shares, including unvested. This makes zero sense to me. I've had to deactivate this account in Mint, but in a couple weeks he will have a major vesting and I don't know how to add these vested shares to our net worth.
It depends on the brokerage. When my RSUs were with UBS they showed the unvested portion, but now they are at ETrade and are excluded. You can exclude it using filters, that's what I used to do.
-
Here's another weird thing that's messing with our net worth. My husband has RSUs that vest over four years. He still has some years left to go. But Fidelity is showing the value of ALL the shares, including unvested. This makes zero sense to me. I've had to deactivate this account in Mint, but in a couple weeks he will have a major vesting and I don't know how to add these vested shares to our net worth.
It depends on the brokerage. When my RSUs were with UBS they showed the unvested portion, but now they are at ETrade and are excluded. You can exclude it using filters, that's what I used to do.
Filters in Mint or in the brokerage?
-
@Tracyl-5 Welcome to the thread! Where do you live in Hawaii?
Thanks! We live on Kauai... 13 years now! It's great for a lot of things, but also expensive, remote, and far from family. We will move back to the mainland when we FIRE. The unknown costs of living there make it difficult to know what our number is, so we'll see. Maybe we work for another year or so once we're back on the mainland just to feel things out.
-
I’d like to join the race...I’d love to get to 1.6 this year, but with the stuff we have planned (like surgeries and house repairs) 1.5 is more likely. Fingers crossed for nice, steady investment growth and no unexpected emergencies!
That was an unexpected jump these last few weeks...
1/19 - TNW 1.47; LNW 1.33
4/19 - TNW 1.61; LNW 1.47
-
I, too, was surprised to see a ton of growth when I logged into my 401K this morning. balance was approximately 10% higher than expected.
-
The weird thing about Zestimate is that it had my house valued increasingly higher these last six months up to a high of around $464,000 just last week.
Then I looked at it again on Friday and low and behold the Zestimate which had been rising at a very stable moderate pace suddenly was down $30,000 to an estimate of $434,000
Yet this lowered price according to the Zestimate was an increase from the previous month, which it is not.
Just makes no sense.
Yes, I've definitely noticed that these online estimators 'back-correct' their data. The numbers I record don't match up with their supposedly archived data later on.
Note that Zillow never claims that chart is "archived data". It's a graph of what the house was worth over time (supposedly), not of what Zillow was claiming it was worth over time.
-
Here's another weird thing that's messing with our net worth. My husband has RSUs that vest over four years. He still has some years left to go. But Fidelity is showing the value of ALL the shares, including unvested. This makes zero sense to me. I've had to deactivate this account in Mint, but in a couple weeks he will have a major vesting and I don't know how to add these vested shares to our net worth.
Have you had a vesting event already? I have RSUs at Fidelity, and when they vest they are transferred from the RSU account into my personal account. So I do the same thing as you; block the RSU account out in Mint because that's not "my money" yet. But there's nothing I have to do to get it to show up after they vest because my personal account is not blocked.
-
Thanks! We live on Kauai... 13 years now! It's great for a lot of things, but also expensive, remote, and far from family. We will move back to the mainland when we FIRE. The unknown costs of living there make it difficult to know what our number is, so we'll see. Maybe we work for another year or so once we're back on the mainland just to feel things out.
Nice! I lived on Oahu for six years and ventured out to Kauai one time. I would love to return to Kauai and finish the Kalalau Trail when it reopens.
-
Here's another weird thing that's messing with our net worth. My husband has RSUs that vest over four years. He still has some years left to go. But Fidelity is showing the value of ALL the shares, including unvested. This makes zero sense to me. I've had to deactivate this account in Mint, but in a couple weeks he will have a major vesting and I don't know how to add these vested shares to our net worth.
Have you had a vesting event already? I have RSUs at Fidelity, and when they vest they are transferred from the RSU account into my personal account. So I do the same thing as you; block the RSU account out in Mint because that's not "my money" yet. But there's nothing I have to do to get it to show up after they vest because my personal account is not blocked.
Oh, that's good to know, thanks!
No we haven't vested in Fidelity yet. Our other shares are with Morgan Stanley and my husband just recently switched to Fidelity for the next vesting.
-
Nice! I lived on Oahu for six years and ventured out to Kauai one time. I would love to return to Kauai and finish the Kalalau Trail when it reopens.
Cool, Oahu is my weekend getaway when I get island fever! That Kalalau trail is a killer! I've never gone the whole way, not sure if I'd be brave enough for the narrow part on a cliff. It's supposed to re-open soon, but they keep pushing it back. I do love to hike, but all the rain and mud here make it tough!
-
In the zillow vs. redfin neither estimate my homes value well. Both are below what I paid for my place 2 years ago in a neighborhood where sales have significantly increased this year. For net worth purposes, I gave a slight premium to what I paid because I bought a fixer and well fixed. But the number I use is only purchase price plus 66% of renovation costs.
-
Well it's been fun but it's time for me to move on.....to the 2-3M race.
We cracked the multi million mark a couple days ago thanks to the incredible 2019 returns so far. It took us 9 years to hit the first million and 3 years plus one month to hit the second. Dual incomes is the secret in my opinion, that and starting early. We never had silly salaries, in fact we never made 6 figure salaries until just a few days ago but having that second salary going directly into savings was key. Now we need to get serious about deciding how much is enough.
-
Well it's been fun but it's time for me to move on.....to the 2-3M race.
We cracked the multi million mark a couple days ago thanks to the incredible 2019 returns so far. It took us 9 years to hit the first million and 3 years plus one month to hit the second. Dual incomes is the secret in my opinion, that and starting early. We never had silly salaries, in fact we never made 6 figure salaries until just a few days ago but having that second salary going directly into savings was key. Now we need to get serious about deciding how much is enough.
Congratulations! I cannot imagine that I can make my 2nd mil in just 3 years... So the key is having a second salary? I guess dating starts tonight.
-
Well it's been fun but it's time for me to move on.....to the 2-3M race.
We cracked the multi million mark a couple days ago thanks to the incredible 2019 returns so far. It took us 9 years to hit the first million and 3 years plus one month to hit the second. Dual incomes is the secret in my opinion, that and starting early. We never had silly salaries, in fact we never made 6 figure salaries until just a few days ago but having that second salary going directly into savings was key. Now we need to get serious about deciding how much is enough.
Congratulations! I cannot imagine that I can make my 2nd mil in just 3 years... So the key is having a second salary? I guess dating starts tonight.
I just spit laughed...thanks for that. The key is having a second salary that is ALSO in the same club you are as opposed to the spending club the majority of the world is in.
-
My wife and I have two nice incomes. It takes a whole lot more than that to get to $2,000,000. I see a lot of two-income couples out there who are still in six-digit (or less) NW range.
-
Well it's been fun but it's time for me to move on.....to the 2-3M race.
We cracked the multi million mark a couple days ago thanks to the incredible 2019 returns so far. It took us 9 years to hit the first million and 3 years plus one month to hit the second. Dual incomes is the secret in my opinion, that and starting early. We never had silly salaries, in fact we never made 6 figure salaries until just a few days ago but having that second salary going directly into savings was key. Now we need to get serious about deciding how much is enough.
Congratulations! I cannot imagine that I can make my 2nd mil in just 3 years... So the key is having a second salary? I guess dating starts tonight.
I just spit laughed...thanks for that. The key is having a second salary that is ALSO in the same club you are as opposed to the spending club the majority of the world is in.
I think a large aspect, as Goldy acknowledged, is having decent returns. Even if you have two earners on $100k before tax (say $80k after tax), then even with frugal living, you would not be able to save more than about $140,000 per year. So with normal compounding, that won't even get you to $450,000 after three years. You need strong returns and re-investment.
Having a second income does help a lot, though, simply because 2 people on $100k get taxed a hell of a lot less than one person on $200k, at least in my country.
-
Officially joining the race. Here are the numbers for me and DH:
Invested Assets - $1.116M
Home Equity - $268K
Other Assets - $56K
Total Net Worth - $1.44M
We were briefly above the halfway point before the recent market activity.
-
Hello all.
It was recommended to me from Couponvan that I join this thread. I'm currently at about 1.4 mil in invested assets (a mix of a brokerage account, annuity, REIT, 401K, cash and savings). Much of my gains lately have been thanks to the unbelievable stock market and I'm hoping to hit 2 mil within four years at which point I'll consider myself FIRE-D at 48 (I'm currently 44). Happy to be here and add to the discussion or answer any questions.
Hi everyone. I thought I'd check back in and provide an update on my finances. Currently at around 1.7 mil in invested assets (about 2.0 mil NW, but I'm not counting my home in this calculation, so I'm staying in this 1M - 2M group). Most of the extra 300K since Jan. 2018 has come via market returns, and additional savings (including 100K from the partial sale of part of the business I have a stake in). My current assets breakdown is approx.:
-Morgan Stanley Brokerage Acct. - 850K
-Fidelity Acct. (cash and ETFs) - 30K
-401k - 535K
-CDs - 200K
-Savings - 65K
-Checking - 20K
In addition, I've moved my FIRE date up to March/April 2020 (or sooner, can't take the rat race anymore), lowered my FIRE age to 46 (I'm currently 45) and I've lowered my desired FIRE stash to 1.8 mil. (or whatever I have in 10 or 11 months from now). Anyway, I hope everyone is well on their way to their goal and making good progress towards freedom!
-
We're pretty much flat over the last ~12 months. LNW is up around 6%, mostly due to pre-tax contributions. We've been oscillating around $1.4M for most of the last year. TNW is up just a bit more than LNW due to the dwindling mortgage.
-
Making some progress again, hopefully I can hit the $1.5MM mark soon! After that, it's all downhill from there! Well at least until the recession kicks in, then it'll be a different kind of downhill lol
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
-
Making some progress again, hopefully I can hit the $1.5MM mark soon! After that, it's all downhill from there! Well at least until the recession kicks in, then it'll be a different kind of downhill lol
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
That's amazing progress! How did you accomplish this at such a young age - are you a very high earner, hardcore saver or expert investor...?
-
Making some progress again, hopefully I can hit the $1.5MM mark soon! After that, it's all downhill from there! Well at least until the recession kicks in, then it'll be a different kind of downhill lol
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
That's amazing progress! How did you accomplish this at such a young age - are you a very high earner, hardcore saver or expert investor...?
I'm thinking he's a preacher at a mega-church.
-
That's amazing progress! How did you accomplish this at such a young age - are you a very high earner, hardcore saver or expert investor...?
He was spending in the realm of 5-7k/yr for most of those years, while making a good salary. Check out his journal for more details.
-
His parents buy his underwear and socks.
-
Cheering him on to the next thread. He'll be there and passing us soon!
-
The last few days have been really good in the market. I was a good amount below 1.7 mil (which was where I was at when I first posted here about a month ago), but now at about 1.715 mil at market close. I hope everyone here has been pushing closer (or even getting a little over) the 2 mil mark!
-
Yep, I'm at 1.87M now, hoping to reach 2M soon!
-
You guys have room for one more?
I discovered yesterday that I've crossed the threshold by a nose (TNW >= $1M smackeroos).
I'll just hang out here in the vestibule for a bit whilst my LNW catches up. If 2018 is anything like 2017 that'll be soon.
Meanwhile, I'll try to observe the proper mannerisms: Choosing the right eating utensil for each course, using a cigar cutter, sabering bottles of champagne, you know, typical millionaire stuff.
Back in the 500K-1M group, we're still eating burgers while drinking Budweiser and cheap whiskey so it may take a few months to adjust.
Phew! I can finally leave the vestibule and come in to hang out by the champagne and caviar : )
The recent uptick has pushed my LNW into double commas. No going back now!*
I have saved a Cuban cigar that a coworker gave me about a year ago that I plan to light up while enjoying an Old Fashioned cocktail.
* I dont plan to check account balances anytime soon. No upside to that in the near future.
-
What does LNW stand for?
-
Liquid net worth, I'd guess (versus total net worth).
-
Liquid net worth, I'd guess (versus total net worth).
Ah, makes sense now, thanks.
Yes, that's what I'm tracking too, not including real estate. We have two rental properties, not planning to acquire any more.
-
Liquid net worth, I'd guess (versus total net worth).
Ah, makes sense now, thanks.
Yes, that's what I'm tracking too, not including real estate. We have two rental properties, not planning to acquire any more.
Yep, liquid net worth, since that is the number i use for calculating safe withdrawal rate during my eventual retirement. I don't own any rental properties, just my primary residence.
-
You guys have room for one more?
I discovered yesterday that I've crossed the threshold by a nose (TNW >= $1M smackeroos).
I'll just hang out here in the vestibule for a bit whilst my LNW catches up. If 2018 is anything like 2017 that'll be soon.
Meanwhile, I'll try to observe the proper mannerisms: Choosing the right eating utensil for each course, using a cigar cutter, sabering bottles of champagne, you know, typical millionaire stuff.
Back in the 500K-1M group, we're still eating burgers while drinking Budweiser and cheap whiskey so it may take a few months to adjust.
Phew! I can finally leave the vestibule and come in to hang out by the champagne and caviar : )
The recent uptick has pushed my LNW into double commas. No going back now!*
I have saved a Cuban cigar that a coworker gave me about a year ago that I plan to light up while enjoying an Old Fashioned cocktail.
* I dont plan to check account balances anytime soon. No upside to that in the near future.
Congrats! That's the big one - reaching millionaire status (even though they say 1 million isn't what it used to be) is still an amazing feat and definitely worth celebrating. It's that big number (omg - that person's a millionaire!) that seemed like such a huge deal when you were a kid and an unreachable goal during your first years of working. It's crazy that by saving diligently year after year and making investments in the market, it's a goal that is attainable for so many. Even with making financial mistakes - and I've made more than a few.
BTW - you may want to look at your account balances again today. I'm up to 1.722 mil (11k higher than just yesterday). The market is really crazy and a little scary right now. It can't keep going up forever so I'll have to prepare myself to be significantly down at some point, but you should enjoy days/weeks like this.
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM
Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM
Q2 2019:
LNW: 1.60 MM
TNW: 1.78 MM
Big changes, we bought a new (bigger) house & sold our old one - made enough on the sale to cover the DP on the new one & unlock another 100k for the market machine, so pretty decent all told. My projections have us graduating in LNW sometime Q2/Q3 next year, hopefully the economy keeps trucking!
-
yesterday was the first day i passed the $2M mark on my own (excludes house and DW's net worth).
it could, perhaps will, dip down again below $2M, but for now, i am appreciating the view from above the clouds. at 39 y/o i am lucky to be able to continue saving through forthcoming bear markets.
-
yesterday was the first day i passed the $2M mark on my own (excludes house and DW's net worth).
it could, perhaps will, dip down again below $2M, but for now, i am appreciating the view from above the clouds. at 39 y/o i am lucky to be able to continue saving through forthcoming bear markets.
@wannabe-stache That is awesome. I’m 100% certain if that were me I would be O.U.T!
-
Well, guys, I'm finally truly qualified to post in this thread! Updated numbers below:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Feb-17 | $622K | $905K |
| Mar-17 | $651K | $930K |
| Apr-17 | $660K | $939K |
| May-17 | $675K | $954K |
| Jun-17 | $694K | $967K |
| Jul-17 | $717K | $991K |
| Aug-17 | $721K | $1,000K |
| Sep-17 | $738K | $1,007K |
| Oct-17 | $762K | $1,033K |
| Nov-17 | $782K | $1,055K |
| Dec-17 | $796K | $1,058K |
| Jan-18 | $836K | $1,095K |
| Feb-18 | $823K | $1,083K |
| Mar-18 | $812K | $1,081K |
| Apr-18 | $818K | $1,094K |
| May-18 | $836K | $1,115K |
| Jun-18 | $844K | $1,131K |
| Jul-18 | $872K | $1,165K |
| Aug-18 | $891K | $1,175K |
| Sep-18 | $895K | $1,177K |
| Oct-18 | $844K | $1,127K |
| Nov-18 | $864K | $1,148K |
| Dec-18 | $813K | $1,099K |
| Jan-19 | $872K | $1,158K |
| Feb-19 | $912K | $1,201K |
| Mar-19 | $927K | $1,220K |
| Apr-19 | $962K | $1,257K |
| May-19 | $929K | $1,229K |
| Jun-19 | $984K | $1,288K |
| Jul-19 | $1001K | $1,302K |
I'm cheating a TINY bit, since I don't usually record my final numbers for the month until that month is over, but I was so excited about hitting the mark when I updated this morning that I decided to go ahead and score the game.
Funny that this is occurring on the US holiday known as Independence Day. :)
It feels SO WEIRD to be hitting this milestone. For some reason it's making my head re-wire a bit in a way that didn't happen when I crossed the million mark in total net worth roughly two years ago--the way I have thought of it over the years, home equity isn't "real" in the same way that the account balances are "real."
Things are weird at work right now, and I'm giving myself permission to think in terms of making a change there as a result of hitting this totally arbitrary number. It definitely is making me see what's going on there in a new light, and permission to ask myself if I want to continue to be a part of it.
Onward!
(posting also in the $500K to $1M thread for account balance)
-
Congrats Zoot! July 4 is indeed a fitting day :)
-
D’oh! I calculated our financial asset net worth yesterday, and it totaled...$1.99 million. So close!
-
I qualified to join this thread a few months ago. It's been nice to see the accumulation reports, and see how the pace really picks up! Here's my progression. I start out reporting net worth then switch to liquid savings after I bought my current home, since I have no plans to move.
Between 2004 and 2014, my income was flat while expenses kept going up, but since then it's gone up to double, which has really punched up the savings rate.
Part 1: total net worth
12/2004: -$140,801 (started out with a scary amount of student loan debt)
12/2005: -$94,313
12/2006: $21,888 (with some help from a student loan repayment program)
12/2007: $137,779
12/2008: $206,953
12/2009: $274,551
12/2010: $377,757
12/2011: $507,660
12/2012: $611,698
12/2013: $703,797
12/2014: $813,840
Part 2: liquid savings, excluding home equity and mortgage:
12/2015: $588,204
12/2016: $688,902
12/2017: $843,396
12/2018: $929,484
4/1/2019: $1,029,113
7/1/2019: $1,089,585
I know the market is on fire and it just can't last, but I've still got visions of $1.2 million by the end of the year.
-
I'll join this thread, and by doing so perhaps start the next recession.
First a couple of historical data points:
6/05 -0.02 MM
8/13 0.15 MM
9/16 0.50 MM
Now:
7/19 1.02 MM
-
I'll join this thread, and by doing so perhaps start the next recession.
First a couple of historical data points:
6/05 -0.02 MM
8/13 0.15 MM
9/16 0.50 MM
Now:
7/19 1.02 MM
Welcome! That is some seriously impressive progress over the last ~3 years.
-
march 2019: 1.04m
july 2019: 1.18m
-
Officially passed the halfway mark!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
07/07/2019: $1,519,162.03
-
I'm up to 1.722 mil (11k higher than just yesterday). The market is really crazy and a little scary right now. It can't keep going up forever so I'll have to prepare myself to be significantly down at some point, but you should enjoy days/weeks like this.
Just wanted to provide an update as of today with the continued tear the market's on. I'm up to approx. 1.745 mil, which is 23k higher than just a few weeks ago. I would/should be up more, but one large equity position I have is way down today. Regardless, it's nice to see such a bump lately and I hope everyone else is inching closer to the big 2 mil mark!
-
My new hobby is looking at the progress you guys have made from the point I am at right now.
01/11/2018: $1,003,101.34
...
07/07/2019: $1,519,162.03
+500k in 18 months!
march 2019: 1.04m
july 2019: 1.18m
+140k in 16 months!
Well, guys, I'm finally truly qualified to post in this thread! Updated numbers below:
| Oct-17 | $762K | $1,033K |
| Jul-19 | $1001K | $1,302K |
+300k in 21 months!
-
My new hobby is looking at the progress you guys have made from the point I am at right now.
01/11/2018: $1,003,101.34
...
07/07/2019: $1,519,162.03
+500k in 18 months!
march 2019: 1.04m
july 2019: 1.18m
+140k in 16 months!
Well, guys, I'm finally truly qualified to post in this thread! Updated numbers below:
| Oct-17 | $762K | $1,033K |
| Jul-19 | $1001K | $1,302K |
+300k in 21 months!
I think you are going to see an impressive amount of acceleration in your LNW since you're over the 1 mil mark (although they say it actually starts to pick up once you hit the 500k mark). As for me, I didn't start officially tracking my LNW until I hit 1.14 mil, which was in Feb. 2017 (that was the first time I actually began writing it down). I agree with you though, it's really inspiring to see the progress everyone is making!
-
I think you are going to see an impressive amount of acceleration in your LNW since you're over the 1 mil mark (although they say it actually starts to pick up once you hit the 500k mark).
I did see quite the upturn around 500k as well. It took me ~11 years to reach 500k, 3 to reach 1M. Some of that was the money I already had invested growing, of course, but that also coincided with increases in pay in my job. Going forward I don't expect my pay to go much higher, so that effect will level off.
-
It's really interesting to see everyone's progress so I decided to go look at mine. Before Sept 17 our net worth was mostly in our real estate. In August we sold a house and it immediately put our LNW above $1M.
Sep-17 $1,152,548.34
Oct-17 $1,185,557.64
Nov-17 $1,241,127.49
Dec-17 $1,240,017.56
Jan-18 $1,274,919.15
Feb-18 $1,310,482.07
Mar-18 $1,453,195.67
Apr-18 $1,528,190.02
May-18 $1,582,896.55
Jun-18 $1,570,854.53
Jul-18 $1,461,238.63 (we bought another rental property)
Aug-18 $1,477,473.62
Sep-18 $1,488,482.29
Oct-18 $1,450,328.31
Nov-18 $1,458,442.34
Dec-18 $1,439,875.51
Jan-19 $1,504,646.25
Feb-19 $1,551,869.52
Mar-19 $1,586,745.32
Apr-19 $1,696,476.73
May-19 $1,797,855.77
Jun-19 $1,900,076.09
Jul-19 $1,906,072.75 (today)
Really excited about hopefully hitting $2M soon!
-
It's really interesting to see everyone's progress so I decided to go look at mine. Before Sept 17 our net worth was mostly in our real estate. In August we sold a house and it immediately put our LNW above $1M.
Sep-17 $1,152,548.34
Oct-17 $1,185,557.64
Nov-17 $1,241,127.49
Dec-17 $1,240,017.56
Jan-18 $1,274,919.15
Feb-18 $1,310,482.07
Mar-18 $1,453,195.67
Apr-18 $1,528,190.02
May-18 $1,582,896.55
Jun-18 $1,570,854.53
Jul-18 $1,461,238.63 (we bought another rental property)
Aug-18 $1,477,473.62
Sep-18 $1,488,482.29
Oct-18 $1,450,328.31
Nov-18 $1,458,442.34
Dec-18 $1,439,875.51
Jan-19 $1,504,646.25
Feb-19 $1,551,869.52
Mar-19 $1,586,745.32
Apr-19 $1,696,476.73
May-19 $1,797,855.77
Jun-19 $1,900,076.09
Jul-19 $1,906,072.75 (today)
Really excited about hopefully hitting $2M soon!
You really just flew by the 1.8s. That’s awesome and I hope to do the same!
-
Checking back in just to say we’re proud to be back to “even” in 2019! But it’s after downsizing a home (commissions and moving expenses). The proud part is the cash accelerator this has been! Stashed $50K in the past 6 months from increased savings rate, lower property expenses, and divvys from equity freed up... that would have been half that amount otherwise at best!
-
Hit $1m liquid a few months ago, but wanted a little bit of buffer before joining this thread. Currently at $1.03M.
Need a little motivation, as I've been doing this for years now and not as motivated to do as much in terms of optimizing and saving, since my NW increases are now overwhelmingly driven by the market and less so by my own contributions. Still maxing out everything I can, but I want to continue saving as much as I can on top of that.
-
Checking in and am very impressed with the amount of progress from many of you! Bravo! As for me I'm currently at $1.663 million.
-
I guess I could have joined this race about 2 years ago counting home value, but wanted to wait until I belonged with actual money. Was getting close when we moved into a rental and have now sold our old place, so now I'm here, sitting at about 1.3 million.
Hoping to retire and start drawing down before I hit 2, so not sure I'll ever finish this race, but who knows?
-
LNW (barely) crested $1.5M for the first time yesterday, TNW is very close to $1.9M.
-
The goal numbers you all are citing are pretty high compared to the usual Mustache plan. Can I ask how you arrived at these numbers?
In my case there are two considerations:
1) I live in New York City and paying $1500/month maintenance (on top of the mortgage). Believe it or not, this is on the low side. I have very good reasons for wanting to stay (family, lifestyle).
2) There is a very high rate of Alzheimer's in my family, so my chances are much greater than average of being that person who ends up needing extensive home care, then nursing home for 10 years or more.
Even so, my goal # is still on the low end ($1.3-1.4 million).
-
The goal numbers you all are citing are pretty high compared to the usual Mustache plan. Can I ask how you arrived at these numbers?...my goal # is still on the low end ($1.3-1.4 million).
In my case, the Mustache plan wasn't an exact fit. Think of it like putting queen size sheets on a full size bed. It works but still has some flexibility. I hit my FI number at $1.113 million but at that point in my life was still stuck in my job for another 2.5 years (obligations to the military). But during that period of time I kept saving and investing like I always did, and the market conditions helped my NW increase to where it is now. Now, 2.5 years later I'm getting ready to enter retirement.
-
The goal numbers you all are citing are pretty high compared to the usual Mustache plan. Can I ask how you arrived at these numbers?
In my case there are two considerations:
1) I live in New York City and paying $1500/month maintenance (on top of the mortgage). Believe it or not, this is on the low side. I have very good reasons for wanting to stay (family, lifestyle).
2) There is a very high rate of Alzheimer's in my family, so my chances are much greater than average of being that person who ends up needing extensive home care, then nursing home for 10 years or more.
Even so, my goal # is still on the low end ($1.3-1.4 million).
We have two young children, and one of them has special needs. We live in a HCOL area and may want to stay here at least until our oldest finishes middle school. We also are not particularly frugal people; DH has zero interest in becoming handy and there's only so much I can do myself.
-
The goal numbers you all are citing are pretty high compared to the usual Mustache plan. Can I ask how you arrived at these numbers?
Not sure whose goal numbers you are looking at? This thread set $2 million as a round number just for fun and tracking.
I live in a high cost of living area and have a ton of kids, so not a typical mustachian scenario. Health care is frighteningly expensive and and some in my family use it a lot. So my goal number is higher than many other people’s but still less than $2 million. Even if I retire at far less than $2 million, there’s still a good chance I will finish this race, because, you know, stock market.
-
The goal numbers you all are citing are pretty high compared to the usual Mustache plan. Can I ask how you arrived at these numbers?
Investing inevitability.
I FIRE'd just over four years ago with just over 1MM.
Now I'm approaching two.
-
The goal numbers you all are citing are pretty high compared to the usual Mustache plan. Can I ask how you arrived at these numbers?
Investing inevitability.
I FIRE'd just over four years ago with just over 1MM.
Now I'm approaching two.
That is awesome!! I keep forgetting that the nest egg often still increases after FIRE. The stories in YMOYL show that very well too.
-
The goal numbers you all are citing are pretty high compared to the usual Mustache plan. Can I ask how you arrived at these numbers?
Investing inevitability.
I FIRE'd just over four years ago with just over 1MM.
Now I'm approaching two.
That is awesome!! I keep forgetting that the nest egg often still increases after FIRE. The stories in YMOYL show that very well too.
Yep. People worry about the 5% failure rate of 4% SWR, forgetting most of the lines go up and to the right and you end with way more than you started.
-
as of today
im at 1.68m LNW
Vanguard after Tax 811k
Fidelity 401k 777k
Cash savings 95k
Add in my pension ( both lump sums)
Oil company A 265k if taken today
Oil Company B 199k taken at 65 YO
That puts me at $1.953m with just company A, since i dont count company B
Add in a 500k paid for house
TNW 2.493m
Yep, i think im ready lol..... 4 months and counting till FIRE
Pretty close to changing my name.... FiredNfishin
-
as of today
im at 1.68m LNW
Vanguard after Tax 811k
Fidelity 401k 777k
Cash savings 95k
Add in my pension ( both lump sums)
Oil company A 265k if taken today
Oil Company B 199k taken at 65 YO
That puts me at $1.953m with just company A, since i dont count company B
Add in a 500k paid for house
TNW 2.493m
Yep, i think im ready lol..... 4 months and counting till FIRE
Pretty close to changing my name.... FiredNfishin
That's awesome!!! Congratulations!
-
I'm excited to be joining you in this thread!
Our net worth has reached $1,004,259.
However, we are nowhere near as wealthy as some of you here because this includes equity in our home, and we live in a higher COL area.
Regardless, I'm excited to have passed this milestone and look forward to posting here.
-
Welcome LeftA, Congrats on the big milestone! Now it’s not about your financial altitude... it’s about your trajectory!
-
My updated numbers as of 7/19
Taxable 554
Deferred 774
HSA 14
Total 1342
-
Thinking about the $2 million goal, I reflected briefly on how a 1% unnecessary aum or “asset under management” fee would cost $20,000 per year. Once the portfolio gets sizable, the absolute cost of fees really gets steep.
-
Thinking about the $2 million goal, I reflected briefly on how a 1% unnecessary aum or “asset under management” fee would cost $20,000 per year. Once the portfolio gets sizable, the absolute cost of fees really gets steep.
Yes, and think of all that money that isn't growing. So first you pay through the nose, and then you never really stop paying. Let's see, $20,000 a year for the next 10, 20, 30 years... a fortune!
The fees dissuaded us from investing in the market years ago, and missing out on the huge returns in the past 10-20 years because of it.
-
I seem to be stuck somewhere around $35k short of the goal now.
On the upside, I'm enjoying early retirement!
-
I seem to be stuck somewhere around $35k short of the goal now.
On the upside, I'm enjoying early retirement!
i'd take 1.97MM short & an awesome ER over 2MM!!
-
I seem to be stuck somewhere around $35k short of the goal now.
On the upside, I'm enjoying early retirement!
i'd take 1.97MM short & an awesome ER over 2MM!!
It'd be hard to have an awesome ER if you're 1.97MM short of your 2MM goal.
;)
-
It'd be hard to have an awesome ER if you're 1.97MM short of your 2MM goal.
;)
It would also be impossible to enjoy retirement if you only had 1.97 million dollars. You would spend the rest of your life as a failure and a loser because you never reached the arbitrary and meaningless goal of 2 million. How could you possibly live on $6566 a month if you were hoping for $6666?
I remember after Barry White died they replayed his Fresh Air interview and he said that he always felt like a failure because he dropped out of high school. One day he cut class, got on a bus to Hollywood and hung around outside a recording studio. That first day he got called into a session to do some hand claps that no one else on the session could manage. Poor guy was a borderline musical genius and he went through life feeling like a failure because he didn’t live up to other people’s dumb expectations. Sad.
-
I seem to be stuck somewhere around $35k short of the goal now.
On the upside, I'm enjoying early retirement!
i'd take 1.97MM short & an awesome ER over 2MM!!
It'd be hard to have an awesome ER if you're 1.97MM short of your 2MM goal.
;)
It'd be hard to have an awesome ER if you're 1.97MM short of your 2MM goal.
;)
It would also be impossible to enjoy retirement if you only had 1.97 million dollars. You would spend the rest of your life as a failure and a loser because you never reached the arbitrary and meaningless goal of 2 million. How could you possibly live on $6566 a month if you were hoping for $6666?
I believe @arebelspy's point was that being 1.97MM short of 2MM means you have 30k. :-)
-
It'd be hard to have an awesome ER if you're 1.97MM short of your 2MM goal.
;)
It would also be impossible to enjoy retirement if you only had 1.97 million dollars. You would spend the rest of your life as a failure and a loser because you never reached the arbitrary and meaningless goal of 2 million. How could you possibly live on $6566 a month if you were hoping for $6666?
We've all done it. We've all calculated 2,000,000 x 0.04 ÷ 12 = 6666.6666666
We're like ouch! That's a crazy number. I've since reset to a 2,500,000 goal. So that's 8333.333333 a month. Doesn't mean squat however, I'm planning a 60K annual draw down to qualify for the ACA subsidies. That's a nice even 5,000 a month and an old FIRE we passed at 1,500,000. Happy calculating, math was never this fun in school.
-
Just wanted to say hey and that I’ll be lurking here. I’ve been in the $2-3m thread bc that’s our TNW, but I’m pretty sure our LNW is still below $2m so we probably rightfully belong here. (I haven’t looked at all the accounts together since January TBH but a little below $2m is the ballpark.) The market has been kind this year but nothing lasts forever.
We are probably going for a fatFIRE number since we live in a HCOL area, we have four kids, and DH seems to enjoy working.
-
Just wanted to say hey and that I’ll be lurking here. I’ve been in the $2-3m thread bc that’s our TNW, but I’m pretty sure our LNW is still below $2m so we probably rightfully belong here. (I haven’t looked at all the accounts together since January TBH but a little below $2m the ballpark.) The market has been kind this year but nothing lasts forever.
We are probably going for a fatFIRE number since we live in a HCOL, we have four kids, and DH seems to enjoy working.
Pretty sure you're qualified to post in either thread.
-
I seem to be stuck somewhere around $35k short of the goal now.
On the upside, I'm enjoying early retirement!
Read your blog the other day. Left a comment. You are killing it! I didn't buy a beach house but we're close to the gulf and a short drive to the Atlantic. Citrus County Florida was our choice. Good luck.
-
Looks like I didn't give myself enough buffer. I got knocked out of this race today.
I'll be back. Hopefully sooner than later
-
Just mark some asset to a moving average instead of some market, and you can stay with us. That's how the banks do it.
-
Or don't look at your balances when you know it will be depressing : )
Unless you plan to take some action (rebalancing for example) it's just a demotivator to keep too close an eye on your paper losses during down markets. Or worse, it can be a temptation to do something really dumb like trying to time the market.
-
I'd like to join this race too for a bit of extra inspiration and motivation.
(https://i.imgur.com/F91n196.jpg)
We are now at $1.3M CDN in investment assets, with a goal to reach $2M and FIRE by the end of 2024. Based on a 4% SWR that should allow an income of $80K or about $67K CDN after tax. The house is paid off and we have a healthy RESP for the kids, so that should support a grand retirement full of skiing, biking and outdoor fun.
My rough plan to close the $700K gap is $100K from downsizing in a few years, $50K per year of new contributions and $60K per year of growth.
-
Hi folks, nice to see you again. :-(
-
I'll join this thread, and by doing so perhaps start the next recession.
First a couple of historical data points:
6/05 -0.02 MM
8/13 0.15 MM
9/16 0.50 MM
Now:
7/19 1.02 MM
I was right. Well, we'll see if I was right about the recession, but I have dropped back below 1 MM for the time being.
-
I'll join this thread, and by doing so perhaps start the next recession.
First a couple of historical data points:
6/05 -0.02 MM
8/13 0.15 MM
9/16 0.50 MM
Now:
7/19 1.02 MM
I was right. Well, we'll see if I was right about the recession, but I have dropped back below 1 MM for the time being.
Damn you, @Watchmaker! I knew someone was to blame and now I’m certain it’s you! I can see the headlines now “Watchmaker from the MMM Forums Responsible for Stock Market Crash of 2019!” It’s only right that you’ve dropped below $1 Million. 😜
-
Damn you, @Watchmaker! I knew someone was to blame and now I’m certain it’s you! I can see the headlines now “Watchmaker from the MMM Forums Responsible for Stock Market Crash of 2019!”
That's about as sensible as the average financial news headline.
It’s only right that you’ve dropped below $1 Million. 😜
I'll try to take my punishment with dignity.
-
I just hit 1 million Canadian + plus a paid off house worth 500k. But I am out of steam, and FIREing this fall. So don't know if I will ever hit 2million. My wife who is working part-time at a hospital and loving it with no desire to pack it in might help lower the drawdown, we will see.
-
Hi, I am new to this race finally!
We sold our clown house, paid off our 401k loans, put a large downpayment on a much more modest home, and this is our new net worth picture:
cash savings: $55,459 (haven't decided what to do with all of this yet, just sold the house so it's sitting in savings temporarily)
401k savings: $999,573
Total liquid NW: $1,055,032
new home equity: $534,941
Total NW: $1,589,973
For the purposes of the "race" I only consider the liquid NW and not the home equity, but either way we are finally in the 1M to 2M race, woohoo!
-
Hi, I am new to this race finally!
We sold our clown house, paid off our 401k loans, put a large downpayment on a much more modest home, and this is our new net worth picture:
cash savings: $55,459 (haven't decided what to do with all of this yet, just sold the house so it's sitting in savings temporarily)
401k savings: $999,573
Total liquid NW: $1,055,032
new home equity: $534,941
Total NW: $1,589,973
For the purposes of the "race" I only consider the liquid NW and not the home equity, but either way we are finally in the 1M to 2M race, woohoo!
Yay! Welcome!
-
Hi, I am new to this race finally!
We sold our clown house, paid off our 401k loans, put a large downpayment on a much more modest home, and this is our new net worth picture:
cash savings: $55,459 (haven't decided what to do with all of this yet, just sold the house so it's sitting in savings temporarily)
401k savings: $999,573
Total liquid NW: $1,055,032
new home equity: $534,941
Total NW: $1,589,973
For the purposes of the "race" I only consider the liquid NW and not the home equity, but either way we are finally in the 1M to 2M race, woohoo!
Yay! Welcome!
I just hit 1 million Canadian + plus a paid off house worth 500k. But I am out of steam, and FIREing this fall. So don't know if I will ever hit 2million. My wife who is working part-time at a hospital and loving it with no desire to pack it in might help lower the drawdown, we will see.
I am a Canadian with similar numbers. Congratulations on FIREing this fall. I am planning to wait a few more years particularly with the way the market is going
Sent from my Nexus 5 using Tapatalk
-
Hi, I am new to this race finally!
We sold our clown house, paid off our 401k loans, put a large downpayment on a much more modest home, and this is our new net worth picture:
cash savings: $55,459 (haven't decided what to do with all of this yet, just sold the house so it's sitting in savings temporarily)
401k savings: $999,573
Total liquid NW: $1,055,032
new home equity: $534,941
Total NW: $1,589,973
For the purposes of the "race" I only consider the liquid NW and not the home equity, but either way we are finally in the 1M to 2M race, woohoo!
Yay! Welcome!
I just hit 1 million Canadian + plus a paid off house worth 500k. But I am out of steam, and FIREing this fall. So don't know if I will ever hit 2million. My wife who is working part-time at a hospital and loving it with no desire to pack it in might help lower the drawdown, we will see.
I am a Canadian with similar numbers. Congratulations on FIREing this fall. I am planning to wait a few more years particularly with the way the market is going
Sent from my Nexus 5 using Tapatalk
In my case my numbers work, I am at a 3.33% withdrawal rate, with a 100k buffer. Wife's part-time income + CCB factor in. My time is worth more to me than putting in more work for money I will likely never see (because I die before I spend it all). Likely still grow our net worth, and eventually hit 2 million, just will take longer once FIRED.
-
Sadly our net worth went down a little in August, so not graduating from this group yet. Guess I'll have to hang out with you tiresome folks a little longer *sighs dramatically*.
-
We are treading water at $1.75MM and will be for quite some time with kids in college and me not working anymore. Pretty much every month we are blowing cash setting up our new house the way we want it and finishing out the YOLO year. I "think" we're almost done with that phase, but it's been a spendy year. I thank my prior self for saving as well as I did so that I could enjoy this year. If the cancer comes back, at least I did the main bucket list items and wouldn't have regrets!
-
We are treading water at $1.75MM and will be for quite some time...
Same here, but $1.5MM. We don't have any extra to throw at investments right now, just regular pre-tax retirement contributions. I have the feeling we're going to be in the $1M to $2M group for 2-3 more years, or maybe 2x that long with a recession.
-
With the looming recession, a lot of us a thread up may be thread down soon.
-
With the looming recession, a lot of us a thread up may be thread down soon.
I'm going to use my home equity as a buffer for thread purposes. A sort of category hysteresis, if you will, to prevent moving back and forth at the boundary. Once my liquid NW got me across the threshold, I grabbed firm hold of the (very nice) tablecloth on the caviar table and plan to hang on as long as my total NW lets me rationalize :)
-
With the looming recession, a lot of us a thread up may be thread down soon.
I'm going to use my home equity as a buffer for thread purposes. A sort of category hysteresis, if you will, to prevent moving back and forth at the boundary. Once my liquid NW got me across the threshold, I grabbed firm hold of the (very nice) tablecloth on the caviar table and plan to hang on as long as my total NW lets me rationalize :)
Thank you for the smile here. =-D
-
(https://i.imgflip.com/39ovl8.jpg) (https://imgflip.com/i/39ovl8)via Imgflip Meme Generator (https://imgflip.com/memegenerator)
-
Woo-hoo! What the heck, I'm in. 36 years old and at just over 1 million (not including primary residence) now, despite "retiring" a few years ago. Never thought I'd maybe be a multi-millionaire someday...still weird to think about.
-
Well, guys, I'm finally truly qualified to post in this thread! Updated numbers below:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Feb-17 | $622K | $905K |
| Mar-17 | $651K | $930K |
| Apr-17 | $660K | $939K |
| May-17 | $675K | $954K |
| Jun-17 | $694K | $967K |
| Jul-17 | $717K | $991K |
| Aug-17 | $721K | $1,000K |
| Sep-17 | $738K | $1,007K |
| Oct-17 | $762K | $1,033K |
| Nov-17 | $782K | $1,055K |
| Dec-17 | $796K | $1,058K |
| Jan-18 | $836K | $1,095K |
| Feb-18 | $823K | $1,083K |
| Mar-18 | $812K | $1,081K |
| Apr-18 | $818K | $1,094K |
| May-18 | $836K | $1,115K |
| Jun-18 | $844K | $1,131K |
| Jul-18 | $872K | $1,165K |
| Aug-18 | $891K | $1,175K |
| Sep-18 | $895K | $1,177K |
| Oct-18 | $844K | $1,127K |
| Nov-18 | $864K | $1,148K |
| Dec-18 | $813K | $1,099K |
| Jan-19 | $872K | $1,158K |
| Feb-19 | $912K | $1,201K |
| Mar-19 | $927K | $1,220K |
| Apr-19 | $962K | $1,257K |
| May-19 | $929K | $1,229K |
| Jun-19 | $984K | $1,288K |
| Jul-19 | $1001K | $1,302K |
Onward!
Congrats Zoot! Do you by chance have an identical FI twin sister, Dingo? ;)
-
I should have posted here a while back.
2017-Jan - NW $1.009MM
2018-Jan - NW $1.184MM
2019-Jan - NW $1.302MM
(MM for million)
Started the year 15% LNW, 27 rental units, 350k rental unit debt, 1.3M TNW
Kept rental units estimate near 2013 purchase price on paper (showed higher cap gains %).
Sold 4 units last month and selling 7 units in 3 weeks at current market value (almost double).
Projection: 30% LNW, 16 rental units, 0k debt, 500K LNW, 1.7M TNW
-
I joined this thread in late July, having just passed the $1M mark in TNW.
Don't typically calculate TNW that often, but some market fluctuations means we are likely only about 15K past the $1M mark now.
I think the 1M to 2M race will be a slow one for us, LOL.
Who else here is on the lower end of the $1-2M window?
-
Woo-hoo! What the heck, I'm in. 36 years old and at just over 1 million (not including primary residence) now, despite "retiring" a few years ago. Never thought I'd maybe be a multi-millionaire someday...still weird to think about.
Indeed it starts to get weird when you listen to people on Dave Ramsey who are in the millionaire hour, and you realize you beat them (and at a younger age)
-
My LNW touched $1.5 million today for the first time ever! Counting the paid-off house, it's more like $1.75M.
Looking over my spreadsheets, I've consistently gained about $250,000 a year since 2016. So I guess I'm in this thread till fall 2021?
-
My LNW touched $1.5 million today for the first time ever! Counting the paid-off house, it's more like $1.75M.
Looking over my spreadsheets, I've consistently gained about $250,000 a year since 2016. So I guess I'm in this thread till fall 2021?
Sounds like we're at about the same LNW and TNW. But I don't know how you managed to consistently gain $250,000/yr for the last 3 years. 2016, 2017, and 2019 look pretty similar, but 2018 was a dud (at least for the S&P500). If you're measuring year-over year through September, then the last 12 months were basically flat.
I wouldn't bank on 2021 for graduating out of this group. There's a recession coming, dontcha know? :D Regardless, whatever you're doing...keep it up because you're kicking butt!
-
Hey, similar numbers *high five*
I also get about 250k/yr if I average (2015 +200, 2016 +325, 2017 +350, 2018 +100, 2019 YTD +250 = 245/yr); we were pretty steadily saving 150/yr during those years
2015 felt like a bad year at the time, especially because we cashout refinanced that year and then watched the extra invested lose a little value over the year, but yeah, 2018 was definitely worse. I have a small allocation to DGEIX and follow it as a rough guide on how the total world stock market is doing, and that's been flat for even longer than the SP500, basically since 2/18. Almost gives me the itch to do another cashout refi...almost
-
Congrats Zoot! Do you by chance have an identical FI twin sister, Dingo? ;)
She always blames ME for setting light to the grail-shaped beacon, but it was her all along. ;-)
-
Sounds like we're at about the same LNW and TNW. But I don't know how you managed to consistently gain $250,000/yr for the last 3 years. 2016, 2017, and 2019 look pretty similar, but 2018 was a dud (at least for the S&P500). If you're measuring year-over year through September, then the last 12 months were basically flat.
Well, as for the 2018 gains, about half of that was contributions. I'm a pretty high earner, and 2019 was my last year of working full-time. The other half was my market-timing skills, obviously.
OK, I kid, but I did rebalance my tax-deferred accounts into bonds in September 2018 (https://forum.mrmoneymustache.com/journals/maybe-we'll-make-it-after-all/msg2136047/#msg2136047). In hindsight, that was basically the best possible time. I can't take any credit for calling the market, that was pure dumb luck. But it really pays off to have an asset allocation strategy and stick to it!
I wouldn't bank on 2021 for graduating out of this group. There's a recession coming, dontcha know? :D Regardless, whatever you're doing...keep it up because you're kicking butt!
Thanks! I actually tend to agree that a 2020 recession is more likely than not, and I'm planning to retire before 2021 anyway. I'm sure my assets will accumulate much slower when I'm drawing them down.
-
I joined this race on July 19, 2019 at $1,004,259.
Calculated my net worth day for the first time since and I am happy with our progress; we are at $1,031,119.
As I mentioned previously, I think our progress will likely be slower than those who have been posting in this thread.
-
Just joining this race, 1.04TNW. We're focusing on paying off our house next year so expecting to be stagnant for a bit but then plowing all mortgage and extra payments into the market so hoping to make it to the next million in about five years assuming that the market doesn't take during that time.
-
Q3update
march 2019: 1.04m
july 2019: 1.18m
Oct 2019: 1.24m
-
I've gotten as close as $6,000 to this number.
The goal is harder to cross once I'm only withdrawing from the portfolio instead of accumulating!
Fingers crossed October is the month
-
2nd month in the 1M to 2M race!
Date LNW TNW
9/2019 $1.055M $1.590M
10/2019 $1.113M $1.653M
-
right before the market downturn of the last week we juuuust crossed the 2 million mark (including house equity of 70k), we just sold our other house and that put us over the mark, now we are 50k down in a week lol
-
Joining this race now! Been reading MMM since the beginning and started seriously saving 2012ish. Adjusted my FIRE number after taking a year off work and trying it out! Now I’m back in the game with a slightly lower salary and a higher COL but still a good savings rate. So here is my plan:
Current liquid: $1.18M
Current NW: $1.45M
Goal liquid:~1.6M
Goal NW: ~2M
I’d like to be done Aug 2021. I’ll walk if the numbers are even close.
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM
Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM
Q2 2019:
LNW: 1.60 MM
TNW: 1.78 MM
Q3 2019:
LNW: 1.64 MM
TNW: 1.82 MM
slow going this Q, hoping for a pick me up in YE
-
Slow going for me, too:
I started the year at $939K (liquid).
4/1/2019: $1.029M
7/1/2019: $1.09M
10/1/2019: $1.13M
I was hoping to hit $1.2M by the end of the this year. I've been diverting some savings to fund a kitchen remodel, though.
-
Mrs. talltexan and I closed on a new house on Friday: appraised at $478,000, but we're taking on basically that much debt in order to finance it while we sell our current house. Looking at a few months of expensive repairs and a massive balance sheet.
-
LNW TWN
2018 YE $1.13M $1.66M
1Q2019 $1.26M $1.77M
2Q2019 $1.26M $1.77M
3Q2019 $1.33M $1.84M
These are little Canadian dollars. We're pulling the FIRE PIN at $2M LNW, which will bump by at least $100K when we downsize the house.
-
Regarding the 2M LNW, what are your annual expenses ?
-
Regarding the 2M LNW, what are your annual expenses ?
$2M CDN at a 4% SWR will throw off $80K per year. Assuming 15% tax we'll have $68K/year to spend. That should be plenty as we have no mortgage and the kids will be off to their RESP funded university by the time we FIRE in 5ish years. I do not include the education funds in either the LNW or TNW as it belongs to the kids.
-
Joining the thread. 45 years old, wife 43, and two kiddos aged 12 and 10 living in a HCOL area. We're sitting at just over a 1 million in investments now not including our home equity ($225k), value of pensions ($800k), and the kids college savings ($90k). Hoping the next million doesn't take even close to as long as the first!
-
This week my 401k crossed the $1M mark! I've been at over $1M liquid net worth for a few years, so I've been trying to get this account over $1M as an interim goal to $2M NW.
I'm giddy with excitement. I feel so rich. I don't know why this one account makes me feel any different and I know the value will float up and down over the next few months (No more contributions this year). But for now....happy!
-
Mrs. talltexan and I closed on a new house on Friday: appraised at $478,000, but we're taking on basically that much debt in order to finance it while we sell our current house. Looking at a few months of expensive repairs and a massive balance sheet.
Wouldn't it be fun to get a house in Texas from "Fixer Upper With Chip and Joanna Gaines" ? It would be beautiful all throughout.
-
This week my 401k crossed the $1M mark! I've been at over $1M liquid net worth for a few years, so I've been trying to get this account over $1M as an interim goal to $2M NW.
I'm giddy with excitement. I feel so rich. I don't know why this one account makes me feel any different and I know the value will float up and down over the next few months (No more contributions this year). But for now....happy!
I'm eagerly hoping for another 1% gain in the market which should push me over another $100,000 mark in mine. (Still not at 7 figures in the 401k but it was my first investment account) so I totally understand your joy.
-
Mrs. talltexan and I closed on a new house on Friday: appraised at $478,000, but we're taking on basically that much debt in order to finance it while we sell our current house. Looking at a few months of expensive repairs and a massive balance sheet.
Wouldn't it be fun to get a house in Texas from "Fixer Upper With Chip and Joanna Gaines" ? It would be beautiful all throughout.
What they do is so much more major than what we have planned.
-
This week my 401k crossed the $1M mark!
I'm eagerly hoping for another 1% gain in the market which should push me over another $100,000 mark in mine.
I'm curious, how did you get so much money in your 401k? Very generous employer contributions?
I've been contributing the max to my 401k for over a decade and I'm still nowhere near a million.
-
Failed to announce this...briefly crossed the $2mil mark in the last week of November, then as of last Friday finally set that mark in the dust!
Not bad considering I trimmed equities down and left my job this year.
-
Failed to announce this...briefly crossed the $2mil mark in the last week of November, then as of last Friday finally set that mark in the dust!
Good job, chasesfish!! Congratulations!!
-
Posting to update that I finally reached $1.7 million in NW! It's a good feeling!
I recently pulled the plug and FIRE'd; it's been great! Recently, I did an estimate and projected that my total annual passive income is $92K pre-tax. That gives me a lot of confidence going forth!
-
Posting to update that I finally reached $1.7 million in NW! It's a good feeling!
I recently pulled the plug and FIRE'd; it's been great! Recently, I did an estimate and projected that my total annual passive income is $92K pre-tax. That gives me a lot of confidence going forth!
How much fun is it to not go to work? Still amazing to me every Monday.
-
How much fun is it to not go to work? Still amazing to me every Monday.
It's frickin' fantastic! The feeling of total freedom is indescribable!
-
6/30/17: 1.002 million, two months shy of my 35th birthday
1/17/18: 1.219 million, 4.5 months after my 35th birthday
Feels like this crazy market has put things into hyperdrive. Hoping I've got enough buffer to remain in the two comma club through the next correction, but who knows?
Total HH net worth now at 1.281. With the market down/sideways I've been throwing any and all cash I can scrounge into stocks. Even if there's still a ways down to go, I'm thinking I'll be happy I did over the long-term.
11/1/19: $1.56M a couple months after turning 37 and officially FI! Have spent way above our planned RE budget this year mostly on experiences and time with family and friends before we embark on our more frugal adventures. Still very able and happy to go more rustic and less YOLO once the need arises.
-
Time for another update! :)
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Feb-17 | $622K | $905K |
| Mar-17 | $651K | $930K |
| Apr-17 | $660K | $939K |
| May-17 | $675K | $954K |
| Jun-17 | $694K | $967K |
| Jul-17 | $717K | $991K |
| Aug-17 | $721K | $1,000K |
| Sep-17 | $738K | $1,007K |
| Oct-17 | $762K | $1,033K |
| Nov-17 | $782K | $1,055K |
| Dec-17 | $796K | $1,058K |
| Jan-18 | $836K | $1,095K |
| Feb-18 | $823K | $1,083K |
| Mar-18 | $812K | $1,081K |
| Apr-18 | $818K | $1,094K |
| May-18 | $836K | $1,115K |
| Jun-18 | $844K | $1,131K |
| Jul-18 | $872K | $1,165K |
| Aug-18 | $891K | $1,175K |
| Sep-18 | $895K | $1,177K |
| Oct-18 | $844K | $1,127K |
| Nov-18 | $864K | $1,148K |
| Dec-18 | $813K | $1,099K |
| Jan-19 | $872K | $1,158K |
| Feb-19 | $912K | $1,201K |
| Mar-19 | $927K | $1,220K |
| Apr-19 | $962K | $1,257K |
| May-19 | $929K | $1,229K |
| Jun-19 | $984K | $1,288K |
| Jul-19 | $1,010K | $1,316K |
| Aug-19 | $994K | $1,307K |
| Sep-19 | $1,012K | $1,322K |
| Oct-19 | $1,035K | $1,346K |
| Nov-19 | $1,045K | $1,353K |
I think for the next update I'll whittle down that table a bit--either by showing quarterly numbers for the earlier years or just removing 2017 and 2018 entirely. The table is a relic of my post in the $500K-to-$1M thread, so it has all the older info in it. It's just so nice to look back on the numbers and see where I've been, and marvel at the progress.
It was tough to go back into the six-figure realm (ha!) with the market dip in August, but such is the investing life--and that $16K difference was only 1.5%. It's just so weird to say things like "only sixteen thousand dollars"--that number would have had a WAY different significance at different times in my life.
I think I may want to post either a journal or a case study (can't decide which) with some more musings. Things are still weird at work (weirder, even, than they were last time I said that) and I'm fast approaching "done" mentally, but I am so scared of turning off the cash stream.
The next line-in-the-sand milestone I've set for myself is a liquid asset value of "one million dollars and a paid off house"--meaning that there would be enough to stroke a check to pay off the mortgage and still have $1M left over (I won't actually pull the trigger, though, unless it makes sense to do so in some way). That's a moving target, of course, since the mortgage value decreases over time, but my spreadsheets tell me that the number I need to hit for that is about $1.14M. At our household savings rate, and with a conservative account growth estimate, I estimate getting there in about August 2020.
Not sure I will last that long at work, but it was a good mental exercise to do the math, and it gives me something to hang on to as I slog through the suck. ;-)
-
This week my 401k crossed the $1M mark!
I'm eagerly hoping for another 1% gain in the market which should push me over another $100,000 mark in mine.
I'm curious, how did you get so much money in your 401k? Very generous employer contributions?
I've been contributing the max to my 401k for over a decade and I'm still nowhere near a million.
Well, first of all, I'm 51 so I've had more time than you. But...80% of the increase has been in the past 9 years so I'll still answer.
1. Time -- I'm old.
2. Money -- I have had a high income for the past few years, which has allowed me to max out my contribution + the employer match (I'm self-employed)
3. Time and distance -- I stopped moving it around trying to chase returns and started using the lazy-man portfolio. I decided to "get rich slowly" and it happened much faster than I thought it would
If your plan allows it and you can swing it, you can max out to $54K or $62K with mega-backdoor Roth.
-
I'm curious, how did you get so much money in your 401k? Very generous employer contributions?
I've been contributing the max to my 401k for over a decade and I'm still nowhere near a million.
Well, first of all, I'm 51 so I've had more time than you. But...80% of the increase has been in the past 9 years so I'll still answer.
1. Time -- I'm old.
2. Money -- I have had a high income for the past few years, which has allowed me to max out my contribution + the employer match (I'm self-employed)
3. Time and distance -- I stopped moving it around trying to chase returns and started using the lazy-man portfolio. I decided to "get rich slowly" and it happened much faster than I thought it would
If your plan allows it and you can swing it, you can max out to $54K or $62K with mega-backdoor Roth.
Thanks. Yeah, having access to the employer contribution side too makes a big difference. I'm not self-employed so I'm limited to $19k of contributions a year, despite also having a high income.
My 401k does not currently allow for after-tax contributions so I can't swing the mega-backdoor Roth, but they're looking at changing that for next year. Fingers crossed.
-
Just when I figured out the Mega Backdoor Roth, I was designated a "highly compensated individual" and therefore ineligible for the option. I didn't even get a t-shirt.
But it is the first-est of first world problems.
-
If your plan allows it and you can swing it, you can max out to $54K or $62K with mega-backdoor Roth.
Way to go BlueHouse. The mega backdoor roth for the self-employed is the greatest.
-
I'll join this thread, and by doing so perhaps start the next recession.
First a couple of historical data points:
6/05 -0.02 MM
8/13 0.15 MM
9/16 0.50 MM
Now:
7/19 1.02 MM
I was right. Well, we'll see if I was right about the recession, but I have dropped back below 1 MM for the time being.
I'm back!
11/19 1.08 MM
-
Haven't posted for a while.
Mrs. talltexan and I currently own our new house ($478,000), but still have the old house to get ready for sale ($175,000 mortgage; hoping to sell above $300,000). Cash will be tight for a couple months.
The sale of the old house might really move the needle for us.
-
I’d like to join this thread, I’m in need of some motivation!
Me age 48, Hubby age 50. Looking to FIRE at the end of 2021/early 2022.
Total Net Worth is at $1,333,000 which consists of a $625,000 paid off house and about $708,000 in investments. We should hit the $1,000,000 in investments mark by our FIRE date which is the goal. We are also selling our current house and moving to a small mountain town during this time.
Let’s do this!
-
Posting to update that I finally reached $1.7 million in NW! It's a good feeling!
I recently pulled the plug and FIRE'd; it's been great! Recently, I did an estimate and projected that my total annual passive income is $92K pre-tax. That gives me a lot of confidence going forth!
@cornbread congratulations! Very happy for you on your retirement and I must declare you winner of the imaginary race as you are still ahead of me by about 12k in networth haha.
-
@cornbread congratulations! Very happy for you on your retirement and I must declare you winner of the imaginary race as you are still ahead of me by about 12k in networth haha.
@brooklynmoney The difference is only $12K??!! You closed the gap really quick! You're going to pass me by, and I'll be trailing very soon!
-
Joining this race now! Been reading MMM since the beginning and started seriously saving 2012ish. Adjusted my FIRE number after taking a year off work and trying it out! Now I’m back in the game with a slightly lower salary and a higher COL but still a good savings rate. So here is my plan:
Current liquid: $1.18M
Current NW: $1.45M
Goal liquid:~1.6M
Goal NW: ~2M
I’d like to be done Aug 2021. I’ll walk if the numbers are even close.
It's been a good month! Update:
Liquid: $1.24M
Net Worth: $1.51M
it felt good to pass the 1.5 mark :)
-
I’d like to join this thread, I’m in need of some motivation!
Me age 48, Hubby age 50. Looking to FIRE at the end of 2021/early 2022.
Total Net Worth is at $1,333,000 which consists of a $625,000 paid off house and about $708,000 in investments. We should hit the $1,000,000 in investments mark by our FIRE date which is the goal. We are also selling our current house and moving to a small mountain town during this time.
Let’s do this!
Let's get it on! :-)
-
Crossed into this thread. Yay! Numbers are for my beloved and me. Not sure yet if we will update monthly or quarterly. Probably should do monthly for awhile just to get in the good habit of a monthly joint budget/finances/planning discussion with my partner now that we have our eggs all in the same basket. . .
LNW TNW
Nov 2019 $1.02MM $1.18MM
-
I've been reading MMM for years but have been indoctrinated for decades to not talk about money. Finally feel like putting it out there since out LNW passed $1M.
Nov 2019: LNW: $1.048M TNW: $2.176M
Wife and I are mid-40s, she's taking a longish break from a corporate career that could potential evolve into full-on retirement for her. I think I probably have 5 years left in me.
-
I've been reading MMM for years but have been indoctrinated for decades to not talk about money. Finally feel like putting it out there since out LNW passed $1M.
Nov 2019: LNW: $1.048M TNW: $2.176M
Wife and I are mid-40s, she's taking a longish break from a corporate career that could potential evolve into full-on retirement for her. I think I probably have 5 years left in me.
Congrats! Breaking the money-talk taboo feels great once you get past the initial discomfort. Welcome to the thread.
-
I've been reading MMM for years but have been indoctrinated for decades to not talk about money. Finally feel like putting it out there since out LNW passed $1M.
Nov 2019: LNW: $1.048M TNW: $2.176M
Wife and I are mid-40s, she's taking a longish break from a corporate career that could potential evolve into full-on retirement for her. I think I probably have 5 years left in me.
Congrats!
You say you probably have 5 years left; can you expand on what you mean by that? Because surely it's not "5 years until FIRE" with that NW. If it's you "can put up with 5 more years", why not get out sooner? If it's you'll "enjoy working for 5 more years" than great, but you don't seem excited.
Five years is a long time.
-
Yesterday, we just barely hit the 1.75m milestone for TNW. It seemed like a number to post here!
-
Congrats!
You say you probably have 5 years left; can you expand on what you mean by that? Because surely it's not "5 years until FIRE" with that NW. If it's you "can put up with 5 more years", why not get out sooner? If it's you'll "enjoy working for 5 more years" than great, but you don't seem excited.
Five years is a long time.
Thanks!
My work is not onerous at all - good job making good money for a good company, and the lifestyle is semi-RE already. I work from home for the most part and get a lot of downtime. So my family already travels a couple of times a year and engage in our hobbies, and two of our kids are still at home with us, letting us stay active with them and in our community.
So while we might be able to consider ourselves semi-FI already, I have no big push to RE just yet. I get a fair number of perks from work as well, beyond the paycheque. 5 years will get my youngest to uni, and won't hurt our numbers, either...
-
Thanks!
My work is not onerous at all - good job making good money for a good company, and the lifestyle is semi-RE already. I work from home for the most part and get a lot of downtime. So my family already travels a couple of times a year and engage in our hobbies, and two of our kids are still at home with us, letting us stay active with them and in our community.
So while we might be able to consider ourselves semi-FI already, I have no big push to RE just yet. I get a fair number of perks from work as well, beyond the paycheque. 5 years will get my youngest to uni, and won't hurt our numbers, either...
Sounds like a good balance. Enjoy!
-
Yesterday our LNW passed $2.15M, with TNW at $3.1M. It's a little unreal. I don't think DH and I ever imagined we would have this much money.
I think I am going to officially graduate from this group and move into the next one. Hope to see you all there!
-
Yesterday our LNW passed $2.15M, with TNW at $3.1M. It's a little unreal. I don't think DH and I ever imagined we would have this much money.
I think I am going to officially graduate from this group and move into the next one. Hope to see you all there!
Congrats! Those numbers DO seem unreal to someone barely qualifying for this thread. But our accumulation has definitely been accelerating, so maybe we'll meet again.... ;)
-
Yesterday our LNW passed $2.15M, with TNW at $3.1M. It's a little unreal. I don't think DH and I ever imagined we would have this much money.
Congratulations!
-
We paid off the mortgage and so now this might be the place to hang out an goal-set for a while. I have to add it up to see where we are at. I'm guessing we are around 1.3 TNW and 1.05 LNW, but I haven't looked and I feel like we haven't been gaining lately -- we probably have, though... just need to check.
We took a spendy vacation for our 20th wedding anniversary and you know, it's OK.
Now I am looking at sending three children to college in a few short years and I don't feel like we are well-prepared yet.
-
How are you calculating Liquid Net Worth? Specifically in relation to equity and debt on a primary residence. Do you just remove the current value of your house from being an asset but still use your mortgage as a liability?
-
How are you calculating Liquid Net Worth? Specifically in relation to equity and debt on a primary residence. Do you just remove the current value of your house from being an asset but still use your mortgage as a liability?
No, as long as I'm not underwater I just remove both equity and mortgage from my calculations.
-
Yesterday our LNW passed $2.15M, with TNW at $3.1M. It's a little unreal. I don't think DH and I ever imagined we would have this much money.
I think I am going to officially graduate from this group and move into the next one. Hope to see you all there!
Come on in. You'd think the 2 to 3 and beyond is the advanced class. Nothing could be further from the truth. For us the heavy lifting is done. We no longer worry about buying coffee, avacado toast or fret about how old our cars are. Most of us will never spend what we've saved. Lots of our money will likely be given away.
-
We paid off the mortgage and so now this might be the place to hang out an goal-set for a while. I have to add it up to see where we are at. I'm guessing we are around 1.3 TNW and 1.05 LNW, but I haven't looked and I feel like we haven't been gaining lately -- we probably have, though... just need to check.
We took a spendy vacation for our 20th wedding anniversary and you know, it's OK.
Now I am looking at sending three children to college in a few short years and I don't feel like we are well-prepared yet.
I set up an automatic deposit in the amount of our mortgage payment into our brokerage account. For now it is going into cash while I think about the possibilities. We will sock away another $20k per year. I also looked at Zillow, which says our home is worth about $20k more than I was estimating. We are at approximately $1.4 TNW and $1.1 LNW.
I should get back to Mustaschian basics and look at our total spend. We are a little fancy pants at time and fritter away money via small purchases, lunches, convenience, etc. I liked his recent blog post on pizza delivery vs. making your own pizza. I have been looking at Zillow at duplexes, but managing a rental seems far off for us and I may look at selling put options as an alternative, particularly while our taxable account is accumulating more dollars. We do not have a down payment amount at the ready just yet, and there are so many questions related to real estate -- local and self-managed? turnkey? local with a property manager? Single-family? Duplex? Great neighborhood or merely OK neighborhood? Which one?
The market is not inexpensive, so I do not mind waiting. My co-worker's family buys and fixes up duplexes. They put a lot of work into it.
I also need to look at our retirement #, but I do not know if we will really retire until all 3 children are launched into adulthood.
-
Officially closed the 2M mark. 71 of that is in our house, but on the flip side we have a large collection of antique gold coins that are worth about that much (DH inherited them from his grandfather whose mother smuggled them out of Nazi Germany) so while he will never sell them, I consider them a tangible asset.
We are 40 and 37 and haven't really contributed anything in 1.5 years, DH is burning out FAST in the military, and I don't blame him. So we've spent more money doing fun things and spreading the wealth a bit to those around us. We were also carrying two houses for 6 months this year. Two more years and he will be eligible for pension and health benefits and he never wants to work in an office, especially one without windows ever gain.
-
LNW (barely) crested $1.5M for the first time yesterday, TNW is very close to $1.9M.
LNW has been a little over $1.6M for a week or so, with TNW at just over $2.0M.
-
Officially entering the race!
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
12/1/19: $1.011M / 1.477M
-
I’m also officially joining having just graduated from the 500k to 1M thread.
Nov 2019: 1.001M
-
Welcome new entrants @Arbitrage and @Freedomin5 !
-
@TempusFugit Thank you! I’m excited to be here....finally!
-
And..... I’m also joining this next race! Posting quarterly. Goal is get to 2 Million in 48 months.
Dec -19 $1,009,000
JGS
-
Welcome new entrants @Arbitrage and @Freedomin5 !
Thank you much. Plan on hitting the RE button long before $2M LNW, though I may get there in TNW.
-
Welcome other new kids!
I feel a little out of place, when I look at proportions. 50% of our NW is tied up in a paid off house near Toronto, Canada. These last couple of months have had wonderful gains for the other million in ETFs, but are we shooting ourselves in the foot by managing our dollars this way? We won't live in this place forever, so it's a part of our retirement planning in terms of dollars, but maybe we should be enjoying these historically low rates and good returns.
-
Welcome other new kids!
I feel a little out of place, when I look at proportions. 50% of our NW is tied up in a paid off house near Toronto, Canada. These last couple of months have had wonderful gains for the other million in ETFs, but are we shooting ourselves in the foot by managing our dollars this way? We won't live in this place forever, so it's a part of our retirement planning in terms of dollars, but maybe we should be enjoying these historically low rates and good returns.
What are the interest rates in Canada right now?
-
@CANStache , I feel that this is the reality of living in one of the major cities in Canada if you choose to be a homeowner.
-
What are the interest rates in Canada right now?
Under 3%. Considering my plain jane couch potato ETFs are on course for ~18% this year, it feels like a bad tradeoff. Now I just need to learn how to send emails back in time...
@CANStache , I feel that this is the reality of living in one of the major cities in Canada if you choose to be a homeowner.
Agreed. By no means have our home purchases been BAD "investments"...just not optimal ones.
-
More progress. Hoping I can reach my goal before the recession hits!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
07/07/2019: $1,519,162.03
12/14/2019: $1,628,320.78
-
More progress. Hoping I can reach my goal before the recession hits!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
07/07/2019: $1,519,162.03
12/14/2019: $1,628,320.78
You've made tremendous progress. When do you predict the recession will come. I've expected it for years, we keep throwing low interest and QE at the problem. A correction will come, but the timing is lost to me.
-
Wish I knew! It's in Trump's interest to stave it off until the election is decided next year, so we'll see what happens.
-
Isn’t it always in every president’s interest to hold off a recession? I’m no Trump fan, but I see no difference in the current political environment in regards to this issue.
-
Such random dates. The mid-January 2018 cracks me up.
Nice progress, HD.
-
Keep it going, Herbert Derp!
-
With the close of today, my taxable account is now more than $500,000 just by itself. It still at times boggles my mind, especially since I didn't really focus on it until the past 3 years. I'm finally beginning to believe emotionally what I know intellectually about being comfortable, really dam comfortable.
-
... The next line-in-the-sand milestone I've set for myself is a liquid asset value of "one million dollars and a paid off house"--meaning that there would be enough to stroke a check to pay off the mortgage and still have $1M left over...
When I read this I remember thinking "Hmmm, that's a cool next goal to stay motivated"
I looked up my mortgage balance on the next statement to see where I'd have to be in the LNW and now this week I've crossed that little milestone.
Seems like I just got into this race and going from $1M to $2M is such a loooong way (it's like a million dollars) that I need these little mini-goals in between.
Jan 2018 - TNW hit the $1M mark
June 2019 - LNW caught up and hit the big $1M, where I felt "official"
Dec 2019 - LNW is enough to pay off my mortgage and still be >$1M (which I'm not doing, of course)
Now I have to think of another mini-goal. Darn it.
-
... The next line-in-the-sand milestone I've set for myself is a liquid asset value of "one million dollars and a paid off house"--meaning that there would be enough to stroke a check to pay off the mortgage and still have $1M left over...
When I read this I remember thinking "Hmmm, that's a cool next goal to stay motivated"
I looked up my mortgage balance on the next statement to see where I'd have to be in the LNW and now this week I've crossed that little milestone.
Seems like I just got into this race and going from $1M to $2M is such a loooong way (it's like a million dollars) that I need these little mini-goals in between.
Jan 2018 - TNW hit the $1M mark
June 2019 - LNW caught up and hit the big $1M, where I felt "official"
Dec 2019 - LNW is enough to pay off my mortgage and still be >$1M (which I'm not doing, of course)
Now I have to think of another mini-goal. Darn it.
I just reached this milestone, and it feels far more significant than crossing the $1 million threshold. I feel FI, even though I want a little more to have the safety and comfort I'm looking for.
-
So it (half) happened!
Hit 2MM in TNW today! 1.8 liquid so I'll stick around until then, hopefully mid-next year if the market doesn't die - whoop!
-
Had a good month. Billed $50k, which is about $20k in hand after taxes and expenses. Property went up 1% this month which translates to a net worth increase of $15k there too. So all up NW went up 0.035m this month - if only all months were this good.
-
We moved above 1.8 TNW this week. LNW is somewhere above 1.65. End of the year stuff should push it a bit higher still, but this seemed like a nice round number to report. :)
-
New member excitedly checking in! Just hit my second comma this week, a nice way to close out the year for sure. I'm not sure exactly what my FIRE number is these days... probably whatever number I'm at when I'm sick of working? My husband would like me to keep working indefinitely, I think, he's not totally sold on FIRE "working" and likes toys more than I do... I'm pretty sure I could quit now with our mutual assets and live a reasonable lifestyle just fine (just less fancy vacations and less toys). This past year I've been enjoying my job much, much more (and the free rent it comes with) so for now I'm happy enough to go along with it. He is older, has a small but not insignificant pension from the military (plus cheap health insurance for our family for life, a huge perk since we're American), and walked away from his six-figure contracting gig to come live overseas with me. He is now a stay at home dad to our almost 5 month old baby. We got married later in life and keep our finances separate. I track total net worth, but it's about 40% 401k / 40% after tax index funds / 10% emergency fund. I should probably make the e-fund smaller, but it gives me a sense of comfort.
Timeline for my future reference:
December 2019: 1010k
June 2019: 900k
February 2019: 845k
December 2018: 777k
December 2017: 812k
December 2016: 650k
December 2015: 487k
December 2014: 412k
December 2013: 350k
-
Hi guys,
I'm not quite ready to join you, but close. I just thought I'd see what it's like over here.
If I count my home equity, I'll be joining you soon.
But not for real for another ~2 years
-
I would like to join this race!
I'm 50 and my wife is 45. This year, 2019, has been a great year for the nest egg. I still cannot grasp the numbers.
Here are the notable milestone regarding the nest egg (2/3 retirement investments + 1/3 taxable investments):
December 2016 $725,000
Q4 2017 $825,000
Feb 22 2019 $970,059
April 23 2019 $1,002,103
Jun 17 2019 $994,941
Aug 30 2019 $1,012,231
Oct 28 2019 $1,052,755
Nov 26 2019 $1,085,300
Dec 27 2019 $1,111,165
-
New member excitedly checking in! Just hit my second comma this week, a nice way to close out the year for sure.
I would like to join this race!
I'm 50 and my wife is 45. This year, 2019, has been a great year for the nest egg. I still cannot grasp the numbers.
Very nice way to close out 2019!
-
The Australian share market hit nearly 7,000 in 2007, dropped to 3,000 after the GFC, was at 5,500 at the beginning of this year and today is at 6,900.
Part of me wishes that we could have another collapse to 3,000 so that I could buy in again. I feel like I've hugely missed the boat on the recovery, by investing 80/20 in property from 2011-19 (though property also did okay during the period). In fact generally I'm wary of economic good times because I feel they are unlikely to last and also because I think bargains are much easier to come by (whether shares or property) when the economy is reeling.
Anyone want to chime in on why I'm wrong to think like this? I'm still young, have 10+ years till FIRE and I think it is safe to assume I work in an industry where job security is very high and where the state of the economy is unlikely to change my own income-earning prospects.
-
The Australian share market hit nearly 7,000 in 2007, dropped to 3,000 after the GFC, was at 5,500 at the beginning of this year and today is at 6,900.
Part of me wishes that we could have another collapse to 3,000 so that I could buy in again. I feel like I've hugely missed the boat on the recovery, by investing 80/20 in property from 2011-19 (though property also did okay during the period). In fact generally I'm wary of economic good times because I feel they are unlikely to last and also because I think bargains are much easier to come by (whether shares or property) when the economy is reeling.
Anyone want to chime in on why I'm wrong to think like this? I'm still young, have 10+ years till FIRE and I think it is safe to assume I work in an industry where job security is very high and where the state of the economy is unlikely to change my own income-earning prospects.
I understand the sentiment, but we shouldn't ever wish for circumstances that harm other people. Another big recession like the one from '08 would do a lot of damage to a lot of people even if some of us might benefit financially in the long run. Certainly we on this thread are doing just fine without needing to take advantage of another recession.
It's kind of hard to imagine but still most people are not prepared for the next downturn. When it arrives it's going to be painful, and honestly with the state of political discourse in the Western world right now, I'm not thrilled at the prospect of the kind of idiocy that might come out of it.
-
SP500 has been up 28% over start-of-year lows. Some of you ought to be graduating, shouldn't you?
-
I’ll be updating quarterly, so here is our December number.
Nov 2019: 1.001M
Dec 2019: 1.013M
-
LNW TNW
Nov 2019 $1.02MM $1.18MM
Dec 2019 $1.02MM $1.24MM
-
$295K to go! Happy New Year!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
07/07/2019: $1,519,162.03
12/14/2019: $1,628,320.78
01/01/2020: $1,705,284.27
-
LNW TWN
2018 YE $1.13M $1.66M
1Q2019 $1.26M $1.77M
2Q2019 $1.26M $1.77M
3Q2019 $1.33M $1.84M
4Q2019 $1.38M $1.90M
These are little Canadian dollars, but NW growth of $250K in the year is pretty good. I am happy. It's been a good year in the markets.
We're pulling the FIRE pin at $2M LNW. A few more years to go.
-
And..... I’m also joining this next race! Posting quarterly from now on.
Dec -19 $1,009,000
Jan -20 $1,094,606 (+135,821 for the quarter)
JGS
-
Very happy about our 2019 gains and contributions that pushed us into this thread. With salary increases of around $20k, 2020 is looking to be another solid year. I'm 45, wife 43 w/ kids aged 12 and 10. We've got around another $1M in our pension value, home equity, and kiddos college savings.
Here's to a successful 2020!
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
-
Whoo-eee, what a year! The big market dip last December made for some really exciting year on year numbers.
I started 2019 at $939K (liquid) and joined this club in April after crossing the $1 million mark. I'm now at $1.27 million, a gain of $300K for the year. Breathtaking! For total assets (counting home and mortgage) I'm at $1.6M. To be fair though...last year's gain was under $100K due to the market correction.
I had a little fun after figuring my net worth playing with FIREcalc. And discovered that if I take SS a few years early (age 67 instead of age 70) I'd have a 99% success rate if I quit my job right now. Oooh, the possibilities!!!
-
2019 is in the books now and the final numbers are in:
LNW / TNW
EOY 2018 - 877K / 1.02M
EOY 2019 - 1.12M / 1.275M
A nice 250K increase YoY. I have a pretty conservative AA, so I know lots of you 90+% equity types must've really hit some big numbers this year.
-
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.
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM
Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM
Q2 2019:
LNW: 1.60 MM
TNW: 1.78 MM
Q3 2019:
LNW: 1.64 MM
TNW: 1.82 MM
YE 2019:
LNW: 1.84 MM
TNW: 2.02 MM
-
NW increased by $460K this year. We are still solidly in the race ($1.76 TNW/$1.4K LNW) but much further ahead than expected.
-
We've officially graduated the thread, December saw TNW of 2.1 with a LNW at a little over 2! Stocks added an additional 20 today, which just seems insane to me.
-
Congrats, MishMash, don't disappear on us. Be like Dicey stick around and visit.
The TSP, has a "button" which shows your personal return for the past 12 months updated monthly on the 3rd of the month. Insane my PRP for 2019 was 26.2% in just that one account.
-
SP500 returned over 30% for calendar year 2019. But it was also negative for 2018, so you put the two years together and it's more normal. Most of my co-workers outreturned me last year because they had higher allocations to it (I have more bonds and more international/value).
-
My net worth rose over $400,000 in 2019 from the crazy bull market year. As of this week, I'm at $1.61M LNW, $1.88M TNW. The big $2M is in sight!
-
Joining! Household NW as of 1 Jan 2020 is $1,030,547, including home equity and 2 paid off cars (~$112k of that total).
-
Joining the group here. We entered the year at $1.1MM. Myself 32 and wife 34 in a HCOL city with one kid. The invested stash is 0.95MM, rest is home equity. Our income is pretty lumpy due to meaningful component coming in the form of a YE bonus. I'm DCAing the bonus but wishing I had dumped it all in when I received it at beginning of January. I figure it will take 3-4 years to get to the 2MM mark.
History:
1/2015: 0.42 MM
1/2016: 0.56 MM
1/2017: 0.84 MM
1/2018: 0.95 MM
1/2019: 1.10 MM
1/2019: 1.10 MM
1/2020: 1.47 MM
How far can this market go???
-
Congrats, MishMash, don't disappear on us. Be like Dicey stick around and visit.
The TSP, has a "button" which shows your personal return for the past 12 months updated monthly on the 3rd of the month. Insane my PRP for 2019 was 26.2% in just that one account.
Lol yea I was looking at that in DHs TSP the other day, what was more insane is one of our stock accounts (individual stocks) went up 42% due to uncomfortably large posiitions in VISA (purchased at IPO) and Bank of America (that we bought at the bottom)
-
joining in!
hard to process that i passed the 1 million mark- grew up poor but knew not to spend more than i make.
i don't know what my RE number is anymore....i technically "hit" my arbitrary number but do not think its accurate because healthcare is provided by employer currently.
so now my 2020 goal create a spreadsheet and input numbers to see what i actually spend... started this last year and only filled it up part way.
and this is the first year i get to contribute the "catch up" amount in 401k and ira!
numbers only include 401k/Rira/taxable, does not include savings/checking/ibonds or house value.
January:
2010- 69K
2011- 105K
2012- 128K
2013- 197K
2014- 412K
2015- 477K
2016- 536K
2017- 651K
2018- 825K
2019- 937K
2020- 1231K
it took about 10 years to get to 100K, 5 years to 500K and 3 years to 1 million.
-
Hopping over from the $500K to $1M thread.
The term I've heard for our plan is "coast FIRE" - i.e., we could stop investing and work to only cover our annual needs from here, while reasonably expecting our investments to be high enough for full retirement. Our number before we would stop working all together is ~$2M. My plan is to start working part time mid-next year, husband is TBD.
12/2019 - $1,106K - $350K in home equity, remainder in cash/investments
9/2019 - $1,002K
6/2019 - $945K
12/2018 - $803K
9/2018 - $850K
6/2018 - $799K
3/2018 - $756K
12/2017 - $719K
9/2017 - $670K
6/2017 - $630K
-
Somehow forgot to update with the New Year.
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
-
5/1/2016: ~$2 million (Pre Divorce)
6/1/2016: ~0.9 million (Post Divorce) Not sure why I got less than half of total assets, I guess because I have a Y chromosome
1/1/2017: ~1.1 million Got Remarried
1/1/2018: ~1.1 million Had a baby boy. 2017 was pretty much a total financial flatline. But stayed the course and we both cut our hours down to 30 hours a week. (Best money I've ever spent).
1/1/2019: ~1.45 million. Glad I kept my money in the market.
I've got 5.5 years until my older kids are out of high school. Then I'm FIRE'd. The financial fallout of divorce was significant, but I'm about halfway recovered financially. And I credit MMM and Jcollins for that. It could have easily spiraled the opposite direction.
-
I have no idea when the last time I posted in this thread was. Sorry guys. But a short update I shall give.
31/12/2017: $1.084m
31/12/2018: $1.176m
31/12/2019: $1.330m (includes a generous gift from mum and dad of $70k)
2020 so far: $1.365m
2019 was actually pretty crap discounting the gift from the parents. The Sydney property market rebounded, but only for houses, and not for apartments like mine which kept falling in value as they did in 2018. At the end of 2017 I had two properties valued at a combined $1.25m (gross assets, before mortgages). By the end of 2019, the bank valued them at $1.06m. I'm not terribly fussed by that, they are still well up on the original purchase prices. The boom carried them too high and they came back to something more reasonable.
The rest of my changes to get the increases have come from savings, post retirement funds and share investment gains, less a small chunk spent on a big holiday just the last month around Sth America.
What is nice in 2020 so far is that the Bank has revalued the properties up by $10k each, and the shares have gone up a little too. $35k in 11 days of January is a great start to the year :D
-
Alright! I'm happy to report that my NW made it past the $1.8 million mark. It actually went past the mark today and landed squarely on $1,806,068.63.
-
Does your current home count into the equation if you don’t plain to sell t while on FIRE?
Sent from my iPhone using Tapatalk
-
Does your current home count into the equation if you don’t plain to sell t while on FIRE?
Sent from my iPhone using Tapatalk
There are approximately 1000 threads on this question. The best answer is: be consistent and be honest with yourself.
-
Joining this race now! Been reading MMM since the beginning and started seriously saving 2012ish. Adjusted my FIRE number after taking a year off work and trying it out! Now I’m back in the game with a slightly lower salary and a higher COL but still a good savings rate. So here is my plan:
Current liquid: $1.18M
Current NW: $1.45M
Goal liquid:~1.6M
Goal NW: ~2M
I’d like to be done Aug 2021. I’ll walk if the numbers are even close.
It's been a good month! Update:
Liquid: $1.24M
Net Worth: $1.51M
it felt good to pass the 1.5 mark :)
And the good times continue. Now Mint says I’ll hit my number in April 2021.
Liquid: $1.33M
Net Worth: $1.60M
-
Wow I'd like to join the fun.
I haven't really done a NW exercise until recently to see how far my family is on track for FIRE.
NW $1.65m
Liquid NW: $1.3m
Net pay of $140k, savings rate of ~40% means adding $60k to the stashe aside from investment growth. I think we're at the point where passive growth is equal to or greater than actual active income, which is really amazing.
I'm hoping we hit $2m or $2.5m in the next 5 years or so, and then assess if we want to stop working. If our stashe should hit $2m before that, it will be extra tempting to RE.
-
5/1/2016: ~$2 million (Pre Divorce)
6/1/2016: ~0.9 million (Post Divorce) Not sure why I got less than half of total assets, I guess because I have a Y chromosome
1/1/2017: ~1.1 million Got Remarried
1/1/2018: ~1.1 million Had a baby boy. 2017 was pretty much a total financial flatline. But stayed the course and we both cut our hours down to 30 hours a week. (Best money I've ever spent).
1/1/2019: ~1.45 million. Glad I kept my money in the market.
I've got 5.5 years until my older kids are out of high school. Then I'm FIRE'd. The financial fallout of divorce was significant, but I'm about halfway recovered financially. And I credit MMM and Jcollins for that. It could have easily spiraled the opposite direction.
Congratulations for continuing the positive momentum! I do not know the specifics of your divorce, but I've worked in the industry, and I would be very surprised to see the Total NW of the two spouses be anything close to the NW before the divorce. Lawyers and experts and a whole lot of people are part of the process and they all get paid.
-
Jumping in and we are already a bit down the line -
Jan 2019 - $1.7M
Sep 2017 - $983K
July 2016 - $774K
June 2015 - $670K
June 2014 - $500K
About $120K of that is in kid's 529 accounts, and another $180K is equity in primary residence.
-
This week my 401k crossed the $1M mark! I've been at over $1M liquid net worth for a few years, so I've been trying to get this account over $1M as an interim goal to $2M NW.
I'm giddy with excitement. I feel so rich. I don't know why this one account makes me feel any different and I know the value will float up and down over the next few months (No more contributions this year). But for now....happy!
Hmmmm. I don't know quite how to explain this rapid rise, but tomorrow, this same 401K will pass $1.1M. I made my 2019 max profit sharing contribution of $32K, but was there really growth of $70K in 2.5 months?
With all of my liquid accounts, I am getting very close to the $2M mark. Also tomorrow, I'll be wired back some funds that I loaned to a family member. I gave $115K and I'll get back $82K. (I knew this going in and was okay with it). I'm dancing around in my chair right now.
With that being said, I'm also incredibly unhappy with my job. Is there a thread meant to convince people to make drastic changes? I know I could do it if I changed my lifestyle, and I'm not terribly unwilling to do that, I'm just scared to do it. Any suggestions on threads to help me make some much needed changes in my life (quit job, sell house, go somewhere cheaper, enjoy life).
-
With that being said, I'm also incredibly unhappy with my job. Is there a thread meant to convince people to make drastic changes? I know I could do it if I changed my lifestyle, and I'm not terribly unwilling to do that, I'm just scared to do it. Any suggestions on threads to help me make some much needed changes in my life (quit job, sell house, go somewhere cheaper, enjoy life).
Financially it seems there's no need to take any job crap that's making you unhappy. There are several case studies in the Ask a Mustachian section where people have made big changes in their life (yes big change is scary). Posting details there might help.
Pinning down what is causing the unhappiness is usually a good starting place before making drastic changes (what has changed with your job or living situation that's prompted this? Do you think moving somewhere new will add to your happiness, or will leaving family/friends cause additional stress? MMM's "moving to a better place" post, https://www.mrmoneymustache.com/2011/09/28/get-rich-with-moving-to-a-better-place/
Congrats on nearing the $2M mark, I recently crossed $1M, and the freedom that money brings to make changes is one of the best gifts.
-
With that being said, I'm also incredibly unhappy with my job. Is there a thread meant to convince people to make drastic changes? I know I could do it if I changed my lifestyle, and I'm not terribly unwilling to do that, I'm just scared to do it. Any suggestions on threads to help me make some much needed changes in my life (quit job, sell house, go somewhere cheaper, enjoy life).
I could have written the above myself. I am not liking my job, and when markets are on a tear like they are now, it's very tempting to leave. I'm trying to stick it out and have a somewhat artificial deadline of FIRE early 2021 but in the back of my mind I know I can:
- quit (cutting off funds = scary)
- go part time and have a much easier yet demoted position (blow to the ego)
- move to a lower COL area (already in the plans for 2021)
I feel like I'm waiting for something to push me over the edge at work. But maybe it's up to me. Or maybe I just have to wait it out until the funds are more padded. I am feeling very impatient and torn on what to do.
When I look at houses in the LCOL we're moving to I feel like the extra X months of work will afford us a nicer house, so that is somewhat motivating. But otherwise I just feel meh about working.
Wondering too, if there's a thread for people in this limbo stage at the end of the accumulation phase?
-
Wondering too, if there's a thread for people in this limbo stage at the end of the accumulation phase?
It's often called One More Year syndrome (OMY), so you can probably find relevant threads by searching for that term.
-
- quit (cutting off funds = scary)
- go part time and have a much easier yet demoted position (blow to the ego)
I feel like I'm waiting for something to push me over the edge at work. But maybe it's up to me.
This really sounds to me like you're going to OMY it for quite a while if you don't go ahead and deal with these two issues, whether we're talking about today or 2021, or 2022.... There's likely nothing thats going to happen to you investments in the next 12 months that will make the cutting off of earned income much less scary, and if ego is tied to work you may have a hard time moving from a good job to being unemployed. I've sold my business (to cut down on stress/risk/crazy hours) and gone to half-time consulting, and though I still complain about work (its in everyone to do that even when things are 'good') its all fine now, before the switch it was killing me, so give yourself a chance to be in a good place.
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
In terms of the PT vs FT it's more of a debate of do I want to prolong the work period and have it be somewhere more comfortable? Or gun it and get it done ASAP ripping off the bandaid and FIREing sooner?
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
Yes, sorry I wasn't clear, I wasn't saying you were OMYing it now, but these are two big issues that just looked to me like ones that would likely lead you to be OMYing it in the future if they are not worked out now. Our FIRE goals are all somewhat arbitrary, and things like having 25x expected spending etc that sound fine when we are pushing to the target may not sound as settling when you get there (thats when I see a lot of folks say well, 33x is much better, I should really reach for that, etc....). If the PT v FT decision is not one of ego re: position at job but instead deciding between quicker and slower FIRE, I'd say if you're miserable try a change, if not stick it out. Best of Luck!
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
Psychologically what you're dealing with isn't much different than OMY syndrome IMO. Yes, OMY implies that FI has already been achieved, but most of us close to FI know that we could probably start downshifting now (or switch jobs/careers to something more pleasant) and the market will likely carry our portfolios to the FI finish line quite soon. But fear keeps us in a perpetual loop where we can't convince ourselves that we've saved enough to risk doing something different.
Also, this might or might not apply to you, but many of us are highly motivated to achieve a distant goal, and then the motivation wanes drastically as the goal is finally within reach. "The journey matters more than the destination" is very real for us. We've been saving diligently for FI/RE for a couple decades, and now that FI is close, I'm finding it's harder to keep up the motivation. The lack of motivation over a long-held goal can lead to feelings of restlessness and general dissatisfaction.
In terms of the PT vs FT it's more of a debate of do I want to prolong the work period and have it be somewhere more comfortable? Or gun it and get it done ASAP ripping off the bandaid and FIREing sooner?
Now if you truly dislike your job and it's causing you significant stress -- which will manifest both as unhappiness and eventually as health problems -- I hope you'll take the leap and do something about it. Either figure out how to make your job more tolerable, downshift the hours, both, or find another job and trust that the market will get your portfolio to FI sooner rather than later.
-
In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
This is me too. But the fact that I could be FI now if I changed my goals (moved to a LCOL area and sold my oversized house) means that I think I AM in OMY. Or just paralyzed with fear of doing something different.
Basically, I'm hanging out in a job that is making me unhappy to afford a house in a city that I will eventually leave anyway (just don't want to leave right now, but not sure on the reasons why). I think I may just start running scenarios on leaving now/selling now vs. staying to see if I can isolate what is keeping me in this place that makes me so unfulfilled.
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
Yes, sorry I wasn't clear, I wasn't saying you were OMYing it now, but these are two big issues that just looked to me like ones that would likely lead you to be OMYing it in the future if they are not worked out now. Our FIRE goals are all somewhat arbitrary, and things like having 25x expected spending etc that sound fine when we are pushing to the target may not sound as settling when you get there (thats when I see a lot of folks say well, 33x is much better, I should really reach for that, etc....). If the PT v FT decision is not one of ego re: position at job but instead deciding between quicker and slower FIRE, I'd say if you're miserable try a change, if not stick it out. Best of Luck!
I'm guilty of living in OMY limbo. My first goal was 1.5M in investments and zero debt. That came and went. Then another goal of 2M in investments and no debt came and went. Now the new goal of 2.5M investments and no debt is rapidly approaching, at 2.38M. I've got my eyes on 3M investments and no debt. If this market rise continues, 3M is a very close number. The game gets much easier and faster at these levels. Fighting lifestyle creep gets harder and YOLO plays with your mind.
-
I'm getting close so much faster than I expected. I might as well share more info:
Dec 2015 $0.867M
Dec 2016 $1.069M
Dec 2017 $1.442M
Dec 2018 $1.338M (I took out $150K for other purposes)
Dec 2019 $1.773M
01/23/2020 $1.911M
I think I'll definitely hit $2M this year. And if I sell my house, then I'm at my number. Watching these numbers just may motivate me enough to make a big change to get me to my end goal faster (which is FIRE, not an actual number)
-
In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
This is me too. But the fact that I could be FI now if I changed my goals (moved to a LCOL area and sold my oversized house) means that I think I AM in OMY. Or just paralyzed with fear of doing something different.
Basically, I'm hanging out in a job that is making me unhappy to afford a house in a city that I will eventually leave anyway (just don't want to leave right now, but not sure on the reasons why). I think I may just start running scenarios on leaving now/selling now vs. staying to see if I can isolate what is keeping me in this place that makes me so unfulfilled.
It's not all or nothing. You don't have to quit your job AND sell your house AND move to a LCOL. Why not put your resume out to alternative jobs in your field? Why not try to work part time at another job until you can figure some stuff out? Sometimes, also, you will not be able to see what made you feel "so unfulfilled" until you actually leave. Hindsight and all that.
Hope this helps,
JGS
-
Fighting lifestyle creep gets harder and YOLO plays with your mind.
I have this problem too. When eating out at a nice restaurant or buying lunch at work is only 0.1% of your net pay, oftentimes, I wonder, “Why not?” And before I realize it, I’ve spent $400 on mediocre cafeteria lunches at work.
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
Yes, sorry I wasn't clear, I wasn't saying you were OMYing it now, but these are two big issues that just looked to me like ones that would likely lead you to be OMYing it in the future if they are not worked out now. Our FIRE goals are all somewhat arbitrary, and things like having 25x expected spending etc that sound fine when we are pushing to the target may not sound as settling when you get there (thats when I see a lot of folks say well, 33x is much better, I should really reach for that, etc....). If the PT v FT decision is not one of ego re: position at job but instead deciding between quicker and slower FIRE, I'd say if you're miserable try a change, if not stick it out. Best of Luck!
I'm guilty of living in OMY limbo. My first goal was 1.5M in investments and zero debt. That came and went. Then another goal of 2M in investments and no debt came and went. Now the new goal of 2.5M investments and no debt is rapidly approaching, at 2.38M. I've got my eyes on 3M investments and no debt. If this market rise continues, 3M is a very close number. The game gets much easier and faster at these levels. Fighting lifestyle creep gets harder and YOLO plays with your mind.
For those who have OMY or future-OMY syndrome I'd suggest the thread
https://forum.mrmoneymustache.com/post-fire/serious-'one-more-year'-syndrome-advice-appreciated/
, which was OP'd by the happily now misnamed @Omy, This thread shows the community help get someone over the "hump" of OMY-ness.
The last comment by @Bateaux shows the moving goalposts explicity presented as OMY, but not the root cause- fear (of A, B, C, D ....X, Y, Z).
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
Yes, sorry I wasn't clear, I wasn't saying you were OMYing it now, but these are two big issues that just looked to me like ones that would likely lead you to be OMYing it in the future if they are not worked out now. Our FIRE goals are all somewhat arbitrary, and things like having 25x expected spending etc that sound fine when we are pushing to the target may not sound as settling when you get there (thats when I see a lot of folks say well, 33x is much better, I should really reach for that, etc....). If the PT v FT decision is not one of ego re: position at job but instead deciding between quicker and slower FIRE, I'd say if you're miserable try a change, if not stick it out. Best of Luck!
I'm guilty of living in OMY limbo. My first goal was 1.5M in investments and zero debt. That came and went. Then another goal of 2M in investments and no debt came and went. Now the new goal of 2.5M investments and no debt is rapidly approaching, at 2.38M. I've got my eyes on 3M investments and no debt. If this market rise continues, 3M is a very close number. The game gets much easier and faster at these levels. Fighting lifestyle creep gets harder and YOLO plays with your mind.
For those who have OMY or future-OMY syndrome I'd suggest the thread
https://forum.mrmoneymustache.com/post-fire/serious-'one-more-year'-syndrome-advice-appreciated/
, which was OP'd by the happily now misnamed @Omy, This thread shows the community help get someone over the "hump" of OMY-ness.
The last comment by @Bateaux shows the moving goalposts explicity presented as OMY, but not the root cause- fear (of A, B, C, D ....X, Y, Z).
In the first million run up it's fear of running out that keeps you working. You remain frugal and save aggressively. Post one million fear of running out is still there, but you know in just a few more, one more years you can eliminate that almost entirely. Post two million fear of running out no longer dominates your desire to OMY. Now fear of missing out creeps in. Your accounts are now growingat $500 or more dollars a day. You start to justify trading a few more years for a level of security and wealth you didn't dream possible. All the while you're ageing and time is rapidly becoming the most precious possession. Perpetual, generational wealth can be achieved. It's a MMM to Boglehead transition. Maybe most of you can avoid it.
-
Thanks for the mention, @markbike528CBX . Starting that thread (and especially all of the amazing advice I received) was life-changing. I'm thrilled to be 5 months FIREd and the stash is growing just fine without me slaving away to add just a little more buffer against all imaginable (and unimaginable) possibilities.
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
I guess it depends exactly what feeling you're talking about in the earlier post.
If your issue is that you could retire with some lifestyle changes right now, but you're not-- that sounds like OMY, even if you haven't hit your number (it might just mean your number was higher than it needed to be). You *could* RE right now, but you want more safety/comfort than your current stash would give. Once you've passed your original number it's still the same problem, it has just shifted from deciding between lean FIRE and regular FIRE to between regular FIRE and fat FIRE. I'm in the same place you are (the final stretch), and I know OMY will be a problem for me. Because, from where I am now, the marginal benefit of a year of work looks pretty good.
If you're talking about the frustration of being so close to your number but not quite there yet, I get that as well. And I think that can be a useful emotion for countering OMY urges. But certainly being so close to FIRE has distracted me, causing me to put in less time and effort into my job. I spend so much time daydreaming now, but some of the daydreams would require a larger stash and therefore keep me employed longer. Argh.
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
Yes, sorry I wasn't clear, I wasn't saying you were OMYing it now, but these are two big issues that just looked to me like ones that would likely lead you to be OMYing it in the future if they are not worked out now. Our FIRE goals are all somewhat arbitrary, and things like having 25x expected spending etc that sound fine when we are pushing to the target may not sound as settling when you get there (thats when I see a lot of folks say well, 33x is much better, I should really reach for that, etc....). If the PT v FT decision is not one of ego re: position at job but instead deciding between quicker and slower FIRE, I'd say if you're miserable try a change, if not stick it out. Best of Luck!
I'm guilty of living in OMY limbo. My first goal was 1.5M in investments and zero debt. That came and went. Then another goal of 2M in investments and no debt came and went. Now the new goal of 2.5M investments and no debt is rapidly approaching, at 2.38M. I've got my eyes on 3M investments and no debt. If this market rise continues, 3M is a very close number. The game gets much easier and faster at these levels. Fighting lifestyle creep gets harder and YOLO plays with your mind.
I'm about to pull the plug at 37 with ~1.75M. The original goal when I found MMM was FIRE by 45 with at least $2M. Depending on the market's movements I would likely hit $3M if I waited until then, so I know the lure you speak of. I also enjoy my job. But when I think YOLO, I think it's time to move on from doing the same thing I've been doing the last 16 years at various companies for 40+ hours a week. The world is big and wonderful and interesting, and since I'd like to take my time seeing it, I can't really have it both ways. Waiting another 8 years, or even just 1 year, certainly wouldn't be the worst thing in the world, but for me the value of each year of freedom versus additional investments has turned quickly in favor of freedom as the accounts have grown. Obviously, YMMV.
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
I guess it depends exactly what feeling you're talking about in the earlier post.
If your issue is that you could retire with some lifestyle changes right now, but you're not-- that sounds like OMY, even if you haven't hit your number (it might just mean your number was higher than it needed to be). You *could* RE right now, but you want more safety/comfort than your current stash would give. Once you've passed your original number it's still the same problem, it has just shifted from deciding between lean FIRE and regular FIRE to between regular FIRE and fat FIRE. I'm in the same place you are (the final stretch), and I know OMY will be a problem for me. Because, from where I am now, the marginal benefit of a year of work looks pretty good.
If you're talking about the frustration of being so close to your number but not quite there yet, I get that as well. And I think that can be a useful emotion for countering OMY urges. But certainly being so close to FIRE has distracted me, causing me to put in less time and effort into my job. I spend so much time daydreaming now, but some of the daydreams would require a larger stash and therefore keep me employed longer. Argh.
Thanks for this, Watchmaker, and other posters above. This whole conversation has really had me rethinking things. I appreciate the thoughtful responses and I realize -- OMY syndrome is beyond what I first thought it was, and that feeling of "not enough" could still be there once the arbitrary number has been reached.
I suppose the current feeling is mostly frustration at realizing that with all the variables and moving parts that go into determining a FIRE number, the number itself is fairly arbitrary. Yet I felt pressure to stick to the plan until the number is reached. Meanwhile I'm really not happy with my work and could relatively easily go PT and feel much less stressed. So - why wouldn't I do that? I realized I had to sort through some cognitive dissonance and rigid thinking.
Since posting here, I wrote a list of pros and cons to staying on in my current position. The cons list was long. I.e. reasons for leaving -- plentiful. There was really only one valid reason to stay: It allows me to pad the stash more aggressively. But in examining the variables that go into this final number, the aggressive stashing becomes moot. Because it's just not worth it. I can work with the other variables to make it work. My SO still works, so we'll have a ~0% withdrawal rate for the foreseeable future anyway. Selling our expensive house can get us to where we want to be. Cutting back on expenses shouldn't be too hard. I can bring in a decent income even PT. Etc.
I would love to be able to slack my way through the rest of the year, to say "fuck it" to the office politics, the deadlines, the workload, the effort, and keep going full time as originally planned, but with less stress. But without going into detail here, the nature of the work does not allow for that. I can do my best to ignore office politics but they will seep back in quite quickly.
So - decision made. I am OLYing it. Well, going PT this year, with option to FIRE completely at any point.
Emotions like fear and insecurity are so tricky! This has been really valuable exercise to go through, and I feel like the light bulb has finally flickered on. Thanks again, smart people.
-
4 to 5 years from now, when we are close to FIRE, the big question for my family will be whether OMY will afford us necessary flexibility for the long term.
I have 3 children, so undergrad education, grad school, "launching" all matter.
My wife isn't a true Mustachian, so may regard long term financial "restriction" (i.e. you can't just buy whatever you want whenever you want it) as a burden. I am not willing to make her unhappy, regardless if I agree with that viewpoint.
The eventual compromise may be that she will work PT for her own long term spending money after we get to a certain point of financial security.
For comparison, I could FIRE easily on 50K spending per year with our family. My wife would be a lot more comfortable with 80-100K/year.
-
My understanding of OMY is that it's when someone has reached their FIRE goal but is still feeling insecure. In my case I haven't reached the goal yet - we're only ~80% there. But COULD get there by selling the house and downsizing more drastically than we plan on doing. OMY would be what happens if we keep prolonging the plan once we've reached our goals, or upping the final number. No?
I guess it depends exactly what feeling you're talking about in the earlier post.
If your issue is that you could retire with some lifestyle changes right now, but you're not-- that sounds like OMY, even if you haven't hit your number (it might just mean your number was higher than it needed to be). You *could* RE right now, but you want more safety/comfort than your current stash would give. Once you've passed your original number it's still the same problem, it has just shifted from deciding between lean FIRE and regular FIRE to between regular FIRE and fat FIRE. I'm in the same place you are (the final stretch), and I know OMY will be a problem for me. Because, from where I am now, the marginal benefit of a year of work looks pretty good.
If you're talking about the frustration of being so close to your number but not quite there yet, I get that as well. And I think that can be a useful emotion for countering OMY urges. But certainly being so close to FIRE has distracted me, causing me to put in less time and effort into my job. I spend so much time daydreaming now, but some of the daydreams would require a larger stash and therefore keep me employed longer. Argh.
Thanks for this, Watchmaker, and other posters above. This whole conversation has really had me rethinking things. I appreciate the thoughtful responses and I realize -- OMY syndrome is beyond what I first thought it was, and that feeling of "not enough" could still be there once the arbitrary number has been reached.
I suppose the current feeling is mostly frustration at realizing that with all the variables and moving parts that go into determining a FIRE number, the number itself is fairly arbitrary. Yet I felt pressure to stick to the plan until the number is reached. Meanwhile I'm really not happy with my work and could relatively easily go PT and feel much less stressed. So - why wouldn't I do that? I realized I had to sort through some cognitive dissonance and rigid thinking.
Since posting here, I wrote a list of pros and cons to staying on in my current position. The cons list was long. I.e. reasons for leaving -- plentiful. There was really only one valid reason to stay: It allows me to pad the stash more aggressively. But in examining the variables that go into this final number, the aggressive stashing becomes moot. Because it's just not worth it. I can work with the other variables to make it work. My SO still works, so we'll have a ~0% withdrawal rate for the foreseeable future anyway. Selling our expensive house can get us to where we want to be. Cutting back on expenses shouldn't be too hard. I can bring in a decent income even PT. Etc.
I would love to be able to slack my way through the rest of the year, to say "fuck it" to the office politics, the deadlines, the workload, the effort, and keep going full time as originally planned, but with less stress. But without going into detail here, the nature of the work does not allow for that. I can do my best to ignore office politics but they will seep back in quite quickly.
So - decision made. I am OLYing it. Well, going PT this year, with option to FIRE completely at any point.
Emotions like fear and insecurity are so tricky! This has been really valuable exercise to go through, and I feel like the light bulb has finally flickered on. Thanks again, smart people.
I'll be going through a similar exercise this weekend. One thing that hadn't occurred to me was that I may be able to cut back hours drastically for the next few years. If I work just enough to cover my bills, then I may not need to stash any more (I'm older, so I reach SS age sooner than most). But I have been assuming SS would still be there when I hit 62 and I have been assuming that healthcare wouldn't increase substantially. I'm really looking forward to working a few different scenarios. This is a different game for me. The past few years I've worked almost every retirement calculator to see if my assumptions carry from one to the other and to see when I get "enough". But now I'm going to work different scenarios to see what life choices are "enough".
-
My husband dropped a 2MY bomb on me last night. Except that we have already agreed to sign a two year lease in a couple of months, so this is really 4MY.
We have achieved our initial goals, but we can also see where some lifestyle inflation might be nice as we age. What if we didn't have to choose between a boat and an RV? What if we could afford a resort home with amazing amenities? Would we ever enjoy a luxury vacation? I have been poor. He has been financially stressed. We want options.
We love where we live. He even loves his job unless his pain flares up. But he hates everything when his pain flares up, so that might not improve on sabbatical. I did tell him that if he had brought this up last week I would have had him committed, he was that stressed. And he agreed.
So, for now, we have agreed to making the most of our current life. Which is a pretty great one, but we do have things we are looking forward to that just won't happen with an office job.
-
So - decision made. I am OLYing it. Well, going PT this year, with option to FIRE completely at any point.
Awesome! What concrete steps have you taken (or will be taking imminently) to bring this plan to fruition? Do you have a date by which you resolve to be working PT?
Is your SO supportive of your PT plan? And also of potentially downsizing (in $$, if not location) your house?
Emotions like fear and insecurity are so tricky! This has been really valuable exercise to go through, and I feel like the light bulb has finally flickered on. Thanks again, smart people.
I'm a bit jealous. I've had similar epiphanies to what you described, but it's never been enough to push me over the edge and actually shift to PT. I distinctly remember 2-3 years ago discussing our financial situation and the possibility of PT work with my wife. She was supportive, and I resolved that I would move to PT as soon as I could work out the logistics. I even broached the topic with management at work (they weren't especially enthusiastic, but were willing to give it a try if I really wanted to)...and then I guess I just chickened out.
Looking back, I'm pretty sure I've added ~$10k/yr to our expected 4% SWR target. I don't remember consciously deciding that, but all my FIRECalc simulations are now performed with the larger number. It's frustrating and a little embarrassing to admit this.
-
I feel like the light bulb has finally flickered on. Thanks again, smart people.
Cool! Now you just need to promise to stick around to help me avoid my OMY.
-
My employer is switching their Health Savings Account provider, so I'm having to removed more than $30,000 from risky investments and stick it in cash for at least a couple of weeks. De-risking forced on me by default
-
So - decision made. I am OLYing it. Well, going PT this year, with option to FIRE completely at any point.
Awesome! What concrete steps have you taken (or will be taking imminently) to bring this plan to fruition? Do you have a date by which you resolve to be working PT?
Is your SO supportive of your PT plan? And also of potentially downsizing (in $$, if not location) your house?
I have talked it over with my SO. He's fully supportive of this plan. Steps taken so far have been accountability based -- I've told a few family members (and this forum). Maybe I'll sign up for the Class of 2020 thread. :) And I've been thinking about timing - due to just taking on a new project I need to see it through to a certain stage. The best time to aim for is March / April. I'm thinking I'll give 3 weeks notice so there is time to train someone, and I'll probably give notice sometime in March. Exact date TBD.
I've also thought about how to phrase it when I talk to my boss. They will try to argue to get me back unless I make it clear that this is about me, leaving on a positive note, rather than giving them any work-related reason that they can try to fix. I have to word it so that it's about me needing more free time - there's nothing they can really offer to fix that other than have me go PT.
Emotions like fear and insecurity are so tricky! This has been really valuable exercise to go through, and I feel like the light bulb has finally flickered on. Thanks again, smart people.
I'm a bit jealous. I've had similar epiphanies to what you described, but it's never been enough to push me over the edge and actually shift to PT. I distinctly remember 2-3 years ago discussing our financial situation and the possibility of PT work with my wife. She was supportive, and I resolved that I would move to PT as soon as I could work out the logistics. I even broached the topic with management at work (they weren't especially enthusiastic, but were willing to give it a try if I really wanted to)...and then I guess I just chickened out.
Looking back, I'm pretty sure I've added ~$10k/yr to our expected 4% SWR target. I don't remember consciously deciding that, but all my FIRECalc simulations are now performed with the larger number. It's frustrating and a little embarrassing to admit this.
I'm fortunate in that I know PT work would not be a problem at my workplace. It will just be somewhat of a demotion. But the work itself will be way more relaxed so I think that is worth it.
And I have definitely seen some target WR creep too. Hoping when I have more time in downshifting / FIRE to manage expenses and bring it back down. (We pay for a lot of non mustachian conveniences as a working couple.)
I feel like the light bulb has finally flickered on. Thanks again, smart people.
Cool! Now you just need to promise to stick around to help me avoid my OMY.
It's a deal! :)
-
When eating out at a nice restaurant or buying lunch at work is only 0.1% of your net pay, oftentimes, I wonder, “Why not?” And before I realize it, I’ve spent $400 on mediocre cafeteria lunches at work.
I can't believe you would call me out like that. :-o
This has been good for me to read, thanks for all the insightful posts, and congrats @Mmm_Donuts on making a decision to down shift! I look forward to hearing how the transition goes for you.
I feel like I'm in a similar boat. I've surpassed my former FIRE goal of 750k by a lot, but now that I'm married with a kid, things have changed a bit since apparently I now have to take other people into account! But my husband has a pension of 3k a month, a NW of about 500k, I have a NW of just over 1MM... I mean I know kids are "expensive" but I think we could FIRE and be okay at this point. My husband is a bit more worried about turning off the firehose of cash. I'm too tired to argue, because we have a baby, and I don't hate my job right now and it's currently providing a free house... so, this seems like one of those times where OMY-ing might not be so bad?
In a perfect world I would also go part time. But part time doesn't come with free rent, sadly!
-
Just popping in to bump the thread over the SPAM.
Seriously disappointed with the 2 day market downturn as I was $3000 away from having $750k in my TSP and I like reaching "milestones" darn it. Oh well at least this weeks contribution is being bought on the low.
-
I have to transfer my health savings account to a new provider, so I went in and sold all the risky investments in that on Friday. That timing appears to have worked in my favor.
Now I've got to navigate a paperwork mess to get it back and exposed before the market takes off again!
-
Posting a day early for January since we're going to the hospital early tomorrow morning for an induction / baby eviction :)
Dec 2020: $1,030,547
Jan 2020: $1,059,159 (+$28,612)
I'm especially proud of our household spending this month - we're currently at $3,091 for both of us. A huge amount of this is groceries (pre-baby stock up of pantry & fridge) + $200 pre-payment for our CSA share for this summer. I anticipate we could spend another $20-$30 today but overall this was a very low spend month for us. Apparently my quest for a frugal detox in Jan was somewhat successful. Our spending may go straight to hell once the baby is here but we'll have to wait and see...
-
Posting a day early for January since we're going to the hospital early tomorrow morning for an induction / baby eviction :)
Dec 2020: $1,030,547
Jan 2020: $1,059,159 (+$28,612)
I'm especially proud of our household spending this month - we're currently at $3,091 for both of us. A huge amount of this is groceries (pre-baby stock up of pantry & fridge) + $200 pre-payment for our CSA share for this summer. I anticipate we could spend another $20-$30 today but overall this was a very low spend month for us. Apparently my quest for a frugal detox in Jan was somewhat successful. Our spending may go straight to hell once the baby is here but we'll have to wait and see...
It might go down just because it's harder to leave the house LOL
-
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
-
LNW TNW
Nov 2019 $1.02MM $1.18MM
Dec 2019 $1.02MM $1.24MM
Jan 2020 $1.11MM $1.27MM
-
One month later, the gap has closed almost by a half. $162K to go!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
07/07/2019: $1,519,162.03
12/14/2019: $1,628,320.78
01/01/2020: $1,705,284.27
02/02/2020: $1,838,397.87
-
Missed a few posts
march 2019: 1.04m
july 2019: 1.18m
Oct 2019: 1.24m
Feb 2020: 1.42m
-
Not even two weeks have passed since my last update, holy crap! I'm so close now! I wonder if I can make it to $2MM before the market has a correction. I mean, this run-up has been unreal and we are facing a viral pandemic. The market seems to be disconnected with reality right now.
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
07/07/2019: $1,519,162.03
12/14/2019: $1,628,320.78
01/01/2020: $1,705,284.27
02/02/2020: $1,838,397.87
02/13/2020: $1,961,653.87
-
Dec 2015 $0.867M
Dec 2016 $1.069M
Dec 2017 $1.442M
Dec 2018 $1.338M
Dec 2019 $1.773M
01/23/2020 $1.911M
02/14/2020 $1.997M
-
You are both super-close to 2M! Congrats!
-
It looks like we have a couple of folks about to bust through the tape!
Have you called ahead to the 2-4M (and beyond) thread so they can have the staff prepare some spots for you?
Congrats on the imminent achievement!
-
Always room for a few more in the $2M and beyond thread.
Another visitor. Stay a while. Stay forever! haha haha haha 🤓 (old dudes will be the only ones that get the reference).
-
Always room for a few more in the $2M and beyond thread.
Another visitor. Stay a while. Stay forever! haha haha haha 🤓 (old dudes will be the only ones that get the reference).
Confirming that old dames also get the reference. ;-) Thanks for the memory!
-
All our combined accounts across various institutions have been over $1M for a few years. Our combined Vanguard accounts have been over $1M for a year or two. My own Vanguard funds (employer retirement + IRAs) have been over $1M for most of the past year. But within the past couple weeks the employer retirement portion of my own Vanguard funds have finally crested (and, for the time being, stayed above) $1M. Yay for small milestones on a larger journey.
-
Always room for a few more in the $2M and beyond thread.
Another visitor. Stay a while. Stay forever! haha haha haha 🤓 (old dudes will be the only ones that get the reference).
New 2 to 4 and beyond Club Members coming. Yeah!
-
Always room for a few more in the $2M and beyond thread.
Another visitor. Stay a while. Stay forever! haha haha haha 🤓 (old dudes will be the only ones that get the reference).
New 2 to 4 and beyond Club Members coming. Yeah!
I've unlocked the door and prepared tea and biscuits for your arrival.
-
I think I backslid a little bit! I am really gonna be crushed if coronavirus turns into the next Spanish flu and kills the economy for a decade. I want out of this club!!!
1.999 on 2/14.
ETA:
2/18 end of day: $1.996M.
I already went over to the $2 to $4M race and introduced myself and now I feel like a fraud! I've probably crashed the market because I counted my chickens before they hatched
-
1.999 on 2/14.
ha! that's fantastic and irritating at the same time!
-
What if you just included the really nice couch, will that get you over the $2 mm line?
-
If you're talking to me, I have enough to move into a "permanent" bucket that would set me over the line. I mean, I'm now less than $500 away and yes, I have that and more in my checking account, but I only count my savings vehicles (retirement, brokerage, roth, savings, CDs). I don't count checking or Credit accounts because those move too fast. I never say I "saved" money until I move it from checking into one of my savings vehicles.
AndI loath removing money from any "permanent" buckets, so I will make sure I can pay my upcoming taxes (I'll prob get a refund actually) before I move money that I might need to move again.
ETA: NO!!!! I'm moving the wrong way. I'm still 1.999, but now 1.999,001.97.
-
1.999 on 2/14.
ha! that's fantastic and irritating at the same time!
Yes, I keep looking even though the bulk of my investments are in Mutual Funds, so they'll only update at the end of the day. I need to distract myself for the rest of today. If you never hear back from me, I'll wait for you guys in the $2-$4M club!
-
Well thanks to the stonk market, I've made it! See you in the next thread!
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
07/07/2019: $1,519,162.03
12/14/2019: $1,628,320.78
01/01/2020: $1,705,284.27
02/02/2020: $1,838,397.87
02/13/2020: $1,961,653.87
02/19/2020: $2,000,505.43
-
GRADUATION DAY FOR ME!
Dec 2015 $0.867M
Dec 2016 $1.069M
Dec 2017 $1.442M
Dec 2018 $1.338M (I took out $150K for other purposes)
Dec 2019 $1.773M
01/23/2020 $1.911M
02/14/2020 $1.999M
02/20/2020 $2.003M
I'm moving on to the next tier of the race. See you all there soon!
-
02/20/2020 $2.003M
I'm moving on to the next tier of the race. See you all there soon!
It may be a bit premature to leave us just yet. Personally I don't consider myself as part of the next group until my balances stay above the threshold for at least a couple months, or reach maybe 5% above the threshold.
I'm just sayin'...it's better to be a little conservative than to come back here tomorrow with your tail between your legs. :D
-
02/20/2020 $2.003M
I'm moving on to the next tier of the race. See you all there soon!
It may be a bit premature to leave us just yet. Personally I don't consider myself as part of the next group until my balances stay above the threshold for at least a couple months, or reach maybe 5% above the threshold.
I'm just sayin'...it's better to be a little conservative than to come back here tomorrow with your tail between your legs. :D
I don't plan on coming back for minor swings in the market... If I need to transfer money out of checking and "live lean" for a few months, I'll do it. If I have to sell something, I'll do it. I consider myself pretty conservative already so I'm not sticking around here for months when I can get more motivation out of staying in the new club.
On the other hand, if there's a BIG correction that I can't cover with other means, I'll probably just lay low for a bit and wait for a recovery. But if THAT takes months, then I'll be the one with my tail between my legs. :)
-
@BlueHouse congratulations!!! That deluxe apartment in the sky is getting closer. Moving on up! Lol-for this group it’s more like the MCOL house and time off, but I glad to see you getting to the next level on the FIRE journey.
-
GRADUATION DAY FOR ME!
Dec 2015 $0.867M
Dec 2016 $1.069M
Dec 2017 $1.442M
Dec 2018 $1.338M (I took out $150K for other purposes)
Dec 2019 $1.773M
01/23/2020 $1.911M
02/14/2020 $1.999M
02/20/2020 $2.003M
I'm moving on to the next tier of the race. See you all there soon!
The claw, it moves. He has been chosen. He is going on to a better place.
-
GRADUATION DAY FOR ME!
Dec 2015 $0.867M
Dec 2016 $1.069M
Dec 2017 $1.442M
Dec 2018 $1.338M (I took out $150K for other purposes)
Dec 2019 $1.773M
01/23/2020 $1.911M
02/14/2020 $1.999M
02/20/2020 $2.003M
I'm moving on to the next tier of the race. See you all there soon!
The claw, it moves. He has been chosen. He is going on to a better place.
HA
-
@BlueHouse congratulations!!! That deluxe apartment in the sky is getting closer. Moving on up! Lol-for this group it’s more like the MCOL house and time off, but I glad to see you getting to the next level on the FIRE journey.
Actually, I already have the deluxe apartment in the sky and if I would get rid of it, then I'd be done with the accumulation phase. I'm just not ready to leave it yet and I haven't quite figured out why yet. :(
But thanks for the thought!
-
Actually, I already have the deluxe apartment in the sky and if I would get rid of it, then I'd be done with the accumulation phase. I'm just not ready to leave it yet and I haven't quite figured out why yet. :(
Heyyyyyy! Welcome back BlueHouse. Did yesterday's market action drag you down to our level again? :D
-
Actually, I already have the deluxe apartment in the sky and if I would get rid of it, then I'd be done with the accumulation phase. I'm just not ready to leave it yet and I haven't quite figured out why yet. :(
Heyyyyyy! Welcome back BlueHouse. Did yesterday's market action drag you down to our level again? :D
Hahaha. Almost! It looked like it dragged me down, but 401k deposit hit my account yesterday (or maybe the prior day). So nope, I'm still hanging on to that other membership by a hair. Actually by 851 hairs.
-
@BlueHouse i hope we never see you around these parts again! Congrats! I’m 150Gs behind you.
-
@BlueHouse i hope we never see you around these parts again! Congrats! I’m 150Gs behind you.
I'm back. :(
I'm going to stop looking until the end of the month. The "breaking news" alert on the WaPo website is making me think about timing the market. So I'm going to try to tune out for a while.
LIVE UPDATES
Global markets reel as coronavirus cases surge globally
-
well, if you think positively about it, you are still up for the year probably. We are up about 3% even with the market correction recently. And once you have those kind of numbers you realize that's 60k, in two months, or more than most peoples yearly salaries. At least that's what I tell myself after seeing money evaporate on a down month ;-)
-
I'm back. :(
Must...resist...snarky...impulses...
But this is the kind of thing I was talking about. Barely crossing into the next threshold by a couple tenths of a percent or whatever isn't permanent enough for me, not when a relatively common ~3% drop can put you $60k below that threshold in a single day.
However, as @MishMash points out, how awesome is it that a 3% change means $60k??? Well, it hurts a little on the way down, but will feel amazing on the way back up. Plus you're still buying so even the downward blips have a silver lining.
You're near the very top of this exclusive club, on the verge of joining an even more exclusive club. Enjoy it!
-
well, if you think positively about it, you are still up for the year probably. We are up about 3% even with the market correction recently. And once you have those kind of numbers you realize that's 60k, in two months, or more than most peoples yearly salaries. At least that's what I tell myself after seeing money evaporate on a down month ;-)
oh yes, that's a much better spin on it. Thank you, I'll keep that in mind and try not to panic!
-
Another fun day in the markets. Anyone else back in this thread?
-
Welcome back to our recent returnees. Don’t worry we are all still better off than 99.999% of the world most likely.
-
Welcome back to our recent returnees. Don’t worry we are all still better off than 99.999% of the world most likely.
I had to return a time or two, in a week who knows. But yeah, if you're in this thread you are still doing pretty dang good. I still read what you guys post, many of you are smarter than me. Most all of you will move on to the next thread. It just takes time and persistence. We'd have to see a 15 to 20 percent correction from the recent highpoint to be under 2M now. We'll see how it works out. My OMY is starting to look not so inconvenient at the moment. A week ago I made some major moves out of equity and into cash and bonds. So far it looks like a good choice. I mave have taken a little too much risk out of the portfolio. We're sitting on nearly a million in bonds and cash right now. Maybe I'll move a few hundred thousand back to stocks in a few months. Good luck and good health to you all.
-
I typically rebalance first week in Feb. (has to do with timing of my birthday)
I only made modest moves, $1K here or there. My ample bond stake makes me calm during times like this week.
-
Welcome back to our recent returnees. Don’t worry we are all still better off than 99.999% of the world most likely.
I had to return a time or two, in a week who knows. But yeah, if you're in this thread you are still doing pretty dang good. I still read what you guys post, many of you are smarter than me. Most all of you will move on to the next thread. It just takes time and persistence. We'd have to see a 15 to 20 percent correction from the recent highpoint to be under 2M now. We'll see how it works out. My OMY is starting to look not so inconvenient at the moment. A week ago I made some major moves out of equity and into cash and bonds. So far it looks like a good choice. I mave have taken a little too much risk out of the portfolio. We're sitting on nearly a million in bonds and cash right now. Maybe I'll move a few hundred thousand back to stocks in a few months. Good luck and good health to you all.
Good work on the timing.
In my case I haven’t seriously considered moving anything out of equities. Ok, yes I do have property so I am not 100% equities, but even if I didn’t have property I would still just be riding this out.
I am still working and will have more cash coming to me. Even though I should FIRE this year I will still have at least almost 1 year of working + 2 subsequent years spending down cash (that I will save this year) before I need to sell any stocks. 3 years is a pretty long time to make the Coronavirus and the 2020 election become old news.....
And if in 3 years we are still in a big hole with equities I will be back working I suspect.
-
Welcome back to our recent returnees. Don’t worry we are all still better off than 99.999% of the world most likely.
I had to return a time or two, in a week who knows. But yeah, if you're in this thread you are still doing pretty dang good. I still read what you guys post, many of you are smarter than me. Most all of you will move on to the next thread. It just takes time and persistence. We'd have to see a 15 to 20 percent correction from the recent highpoint to be under 2M now. We'll see how it works out. My OMY is starting to look not so inconvenient at the moment. A week ago I made some major moves out of equity and into cash and bonds. So far it looks like a good choice. I mave have taken a little too much risk out of the portfolio. We're sitting on nearly a million in bonds and cash right now. Maybe I'll move a few hundred thousand back to stocks in a few months. Good luck and good health to you all.
Good work on the timing.
In my case I haven’t seriously considered moving anything out of equities. Ok, yes I do have property so I am not 100% equities, but even if I didn’t have property I would still just be riding this out.
I am still working and will have more cash coming to me. Even though I should FIRE this year I will still have at least almost 1 year of working + 2 subsequent years spending down cash (that I will save this year) before I need to sell any stocks. 3 years is a pretty long time to make the Coronavirus and the 2020 election become old news.....
And if in 3 years we are still in a big hole with equities I will be back working I suspect.
So far mankind hasn't met a challenge yet that we haven't overcome. War, depressions, disease. We've managed to survive and prosperity returned.
-
I'm seeing other investing threads where people are recommending, "Do NOT log into your investment accounts" right now. You cannot sell if you don't log in.
-
I'm seeing other investing threads where people are recommending, "Do NOT log into your investment accounts" right now. You cannot sell if you don't log in.
If I don't log in, I'll have no way of exchanging some of my recently-appreciated bond funds for some discounted stock index funds!
-
I'm seeing other investing threads where people are recommending, "Do NOT log into your investment accounts" right now. You cannot sell if you don't log in.
If I don't log in, I'll have no way of exchanging some of my recently-appreciated bond funds for some discounted stock index funds!
What's that saying about crisis and opportunity. Yeah!
-
Looking forward to Tax Loss Harvesting in about 10 days. I only have Vanguard Total International Index in my Taxable account, so this will be easy. Didn't get a chance to do this last year, would have saved me $750 in taxes. Exchange partner is Vanguard Developed Markets Index.
VTIAX Exchange for VTMGX
Silver linings.... you know?
JGS
-
Which direction is the race going? I’m gonna be back towards the start before I know it haha
-
Dec 2019: $1,030,547
Jan 2020: $1,059,159 (+$28,612)
Feb 2020: $990,987 (-$68,172)
Unsurprisingly February was not a great month for our household net worth...We did have our second month in a row with spending around $3k, however, so I'll take that as a win.
-
I haven't even bothered to total everything up...however, I can definitely tax loss harvest when it's time. I was thinking to do it on Friday, but decided to wait and see what Monday brings. The futures point to stocks going up, but new coronavirus reports before Monday AM could easily change that.
-
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
Demotion! I'm going to stick around here for now unless our single comma status proves tricky to shed.
-
I was relieved to see I still belong in this thread, as of today, anyway. It should be interesting for a few months to come. Now is the time to stay the course.
-
With the looming recession, a lot of us a thread up may be thread down soon.
I'm going to use my home equity as a buffer for thread purposes. A sort of category hysteresis, if you will, to prevent moving back and forth at the boundary. Once my liquid NW got me across the threshold, I grabbed firm hold of the (very nice) tablecloth on the caviar table and plan to hang on as long as my total NW lets me rationalize :)
And still clinging to that tablecloth with one arm while clutching a bottle of fine wine in the other... If we drop back to the December 2018 level I may have to let go of the bottle.
-
Don't know why I didn't join this thread earlier, but here I am.... and it doesn't look like I'll be getting out of it any time soon (at least by going > $2M) based on the current market fluctuations!
-
indeed I wonder how squeezed companies will be and if we'll see some dividend cuts.
-
indeed I wonder how squeezed companies will be and if we'll see some dividend cuts.
Yeah, the more I think about it the more I think this will be good for the megacaps because they have the resources to withstand the shock. All the mid-tier companies will have a hard time, and any companies that unhealthy will go belly up. Such is the way of world in capitalism.
-
I wasn't very far over the $1 million line when this started. I may already be an imposter in this group.
But this whole thing makes me realize how much we need health. The catastrophic outcomes associated with health are so much harder to comprehend and manage. And we can see some of those within our household even if we do everything right.
-
I may drop out of this group today, depending on the market. If not today, it's looking fairly likely that it will happen at some point. This is by far my biggest correction in terms of actual dollars. The good news is that I feel like I'm handling it well. No urge to sell anything off, no panic or particular worry. My main frustration is not having more more available to invest at these better prices.
-
Well, I was going to join this group, but I procrastinated. In February, I had a net worth of 1.35M, and invested assets of 1.1M. I was ~99% stocks, so I've "lost" 30% of value, down to 70% of February's total. I now have a net worth of 1.04M, and invested assets of 0.786M.
This is the first large drop I have encountered since really starting to invest in 2013. The good news, is I very much see this as temporary, and am not tempted to get out of the market. I'll just keep throwing money into the market, and I'll see you guys when this recovers.
-
@Caroline PF , it's good you're using these market gyrations to self-examine on risk tolerance. I was feeling okay at first (at 80-20; rebalanced in early feb), but now I'm starting to get a little anxious. Wondering if another 35% drop is still ahead of us, and thinking I could sell and save my skin.
-
@Caroline PF , it's good you're using these market gyrations to self-examine on risk tolerance. I was feeling okay at first (at 80-20; rebalanced in early feb), but now I'm starting to get a little anxious. Wondering if another 35% drop is still ahead of us, and thinking I could sell and save my skin.
Nope, not going to sell. I’m going to buy more. Stable job + EFund means taking the stock sale while it’s available. I did the math BEFORE all of this. A Dark Swan event of a 50% equity downturn would only had 2 years to my FIRE date, even if it doesn’t recover. It’s about saving rate, folks, not equity return! I’m at 90/10 Equity/Bonds, with 20% Equity being International. 5 years till FIRE before Covid19 came around.
-
@Caroline PF , it's good you're using these market gyrations to self-examine on risk tolerance. I was feeling okay at first (at 80-20; rebalanced in early feb), but now I'm starting to get a little anxious. Wondering if another 35% drop is still ahead of us, and thinking I could sell and save my skin.
Yeah, I wondered how I would handle it, and I am happy with my emotional reactions. I do expect a further drop, and a year or two of recession, but I'm not selling. I'll keep buying all the way down.
But . . .
I have a stable part-time job and am still saving. I imagine it would feel a lot different if I were fully retired and withdrawing from that reduced stash.
-
@Caroline PF , it's good you're using these market gyrations to self-examine on risk tolerance. I was feeling okay at first (at 80-20; rebalanced in early feb), but now I'm starting to get a little anxious. Wondering if another 35% drop is still ahead of us, and thinking I could sell and save my skin.
Try and hold.
-
Indeed the week after my post markets went up nicely. Doesn't mean we have everything with the economy fixed.
-
Well exactly!.. How does one actually drive 1.5 Tesla's at the same time anyway?..:)
Actually for those of us who have been through the 2008 bloodbath and realised that we not only lived through it..but was the time we made most of our money!.. well shoot.. Bring it on..:)
I don't deserve to be a peer of some of the people here. I'm just a bumpkin who was only smart enough to emulate the moves of much smarter people. Hang in folks.
-
Dropping out of this thread for the time being. I'm still here based upon TNW, but I'm going to wait until I eventually work my way back with LNW. Hopefully it won't be too long, but that depends upon the eventual recovery.
-
End of march update!
Took a big hit as im sure many did.
march 2019: 1.04m
july 2019: 1.18m
Oct 2019: 1.24m
Feb 2020: 1.42m
Apri 2020: 1.23m
-
Quarterly Update:
July-18 $704,760.25 (+54,904)
Oct-18 $768,090.42 (+63,330)
Jan-19 $761,423.60 (-06,666)
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)
April-20 $931,456 (-163,150 for the quarter)
I'll remain in this race cause I'm too lazy to change lanes. I want to note to others that I remain 90/10 Equities to Bonds (20% Equities International) and have rebalanced already and look forward to dumping another 10K into the market this month. All in all, despite recent crazy pandemic, I remain satisfied with my financial plan as I have another 4-5 years till FIRE.
Everyone who recently FIRED or who was in the last couple years of accumulation has my sympathies.
JGS
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM
Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM
Q2 2019:
LNW: 1.60 MM
TNW: 1.78 MM
Q3 2019:
LNW: 1.64 MM
TNW: 1.82 MM
YE 2019:
LNW: 1.84 MM
TNW: 2.02 MM
Q1 2020:
LNW: 1.60 MM
TNW: 1.79 MM
Big OOF this Q, came within 50k of hitting 2MM on LNW before the downward plunge. oh well, time to load up for the slingshot in a couple years...
-
LNW / TNW
EOY 2018 - 877K / 1.02M
EOY 2019 - 1.12M / 1.275M
EQ1 2020 - 956K / 1.11M
Really not too bad all things considered. I've been able to confirm that I'm basically content with my AA, which is pretty conservative at 72/25/3 (Stocks/Bonds/Cash) at the start of the year. I'll re-balance if things get way out of whack in the next couple of months but probably not anything dramatic.
Hang tight everyone. I think it's going to get worse when it becomes clearer just how f'ed our economy is. The longer it goes on, the harder it will be to just turn everything back on. Too many people will have exhausted their savings and incurred more debt just to get by for a few months. It really does demonstrate how important is it to have an emergency fund and also how uncommon it is to actually have one.
Those of us who have a solid base cushion should be doing what we can to help the people who don't. If, like me, you are still gainfully employed with a nice safety cushion to fall back on (and if you're in this thread, you do), you should be generous with your money right now. That can be in the form of donations to local charities or in the form of very generous tips when you pick up dinner from the struggling local restaurant. If you get a check from the government consider donating it back to people who need it more than you do.
-
Joining this race now! Been reading MMM since the beginning and started seriously saving 2012ish. Adjusted my FIRE number after taking a year off work and trying it out! Now I’m back in the game with a slightly lower salary and a higher COL but still a good savings rate. So here is my plan:
Current liquid: $1.18M
Current NW: $1.45M
Goal liquid:~1.6M
Goal NW: ~2M
I’d like to be done Aug 2021. I’ll walk if the numbers are even close.
It's been a good month! Update:
Liquid: $1.24M
Net Worth: $1.51M
it felt good to pass the 1.5 mark :)
And the good times continue. Now Mint says I’ll hit my number in April 2021.
Liquid: $1.33M
Net Worth: $1.60M
Didn’t want to look but did. Ouch! That’s just shy of 200k down.
Liquid 1.15
Total: 1.43
And @TempusFugit I couldn’t agree more with your last paragraph!
-
Nov 2019: 1.001M
Dec 2019: 1.013M
Mar 2020: 0.969M
Didn’t want to look at the numbers. Interestingly, as of today we are back over 1M.
-
I may drop out of this group today, depending on the market. If not today, it's looking fairly likely that it will happen at some point. This is by far my biggest correction in terms of actual dollars. The good news is that I feel like I'm handling it well. No urge to sell anything off, no panic or particular worry. My main frustration is not having more more available to invest at these better prices.
I did drop out but have since made it back in. At 1.04 MM right now, having crossed 1 MM for the fifth time. We'll see if it sticks this time.
-
(CDN$) LNW TWN
2018 YE $1.13M $1.66M
1Q2019 $1.26M $1.77M
2Q2019 $1.26M $1.77M
3Q2019 $1.33M $1.84M
4Q2019 $1.38M $1.90M
1Q2020 $1.18M $1.75M
Did some rebalancing to keep the asset allocation constant and picked up equities on sale. This too shall pass.
-
Hit ~$1.0M in 05/2016 when we sold our house
At $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016
Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
At $1.36M at end of 2017
NW increase of almost $180k without jobs. I'll take that for markets doing their magic
At $1.24M at end of 2018
Not really a forward race at this point, but I guess it's still better than working :)
Was ~1.45M at end of 2019
~1.14M at some point in April
Probably a bit more by now
Still not working, was a good chance to rebalance.
-
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!
-
We're awaiting word on what will happen with my wife's job (she is exposed to aero-space/engine decline in demand).
-
march 2019: 1.04m
july 2019: 1.18m
Oct 2019: 1.24m
Feb 2020: 1.42m
April 2020: 1.23m
May 2020: 1.38m
-
I haven’t been able to make myself look at my main taxable account. I’ve rebalanced my 401k and bought some more in other accounts but I haven’t logged into personal capital since February probably to see the full carnage. Just gonna keep auto investing and live in ignorance.
-
02/20/2020 $2.003M
I'm moving on to the next tier of the race. See you all there soon!
It may be a bit premature to leave us just yet. Personally I don't consider myself as part of the next group until my balances stay above the threshold for at least a couple months, or reach maybe 5% above the threshold.
I'm just sayin'...it's better to be a little conservative than to come back here tomorrow with your tail between your legs. :D
I don't plan on coming back for minor swings in the market...
Oh jeez. I saw this post, and saw the date, and physically cringed.
Hope everyone's doing ok out there. We're just about still over the $1M mark (somewhat to my surprise).
Debatable whether I should join this thread since our goal is $1.8M and we don't particularly intend to ever get to $2M, but I'll follow anyway.
-
02/20/2020 $2.003M
I'm moving on to the next tier of the race. See you all there soon!
Oh jeez. I saw this post, and saw the date, and physically cringed.
Hope everyone's doing ok out there. We're just about still over the $1M mark (somewhat to my surprise).
Debatable whether I should join this thread since our goal is $1.8M and we don't particularly intend to ever get to $2M, but I'll follow anyway.
I hit $2MM at the same time, and am now up by $150K since then. I was expecting much worse, somehow the virus seems to have spared me so far.
-
In the process of buying/selling houses, Mint.com has dropped our home equity (this was intentional). So the number I'm suddenly seeing in there has me rewound by a year's progress.
But it suddenly feels easy to save when there's no opportunity to buy anything.
-
Kinda dull in here. Last post on the 12th. You are freakin millionaires and should be partying like it's 1999.
-
Kinda dull in here. Last post on the 12th. You are freakin millionaires and should be partying like it's 1999.
Ha. I laughed out loud when I saw this post. Good reminder!
-
Kinda dull in here. Last post on the 12th. You are freakin millionaires and should be partying like it's 1999.
I’m game. You bringin’ the jambalaya? I’ll pick up the beer.
-
Kinda dull in here. Last post on the 12th. You are freakin millionaires and should be partying like it's 1999.
I’m game. You bringin’ the jambalaya? I’ll pick up the beer.
Hell to the yeah! My parish is the Jambalaya Capitol of the world!
-
Kinda dull in here. Last post on the 12th. You are freakin millionaires and should be partying like it's 1999.
I’m game. You bringin’ the jambalaya? I’ll pick up the beer.
Hell to the yeah! My parish is the Jambalaya Capitol of the world!
Jambalaya, Red beans and rice, boiled peanuts, and fried oyster po’ boys are musts when I get to lower Alabama. I gotta get to Louisiana some day.
-
You are freakin millionaires and should be partying like it's 1999.
Wait.. how would being an awkward teenager help things?
-
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
It's really amazing to think how much progress we've made in the last 7 years. 2013 doesn't feel that long ago, but back then I couldn't even imagine what getting to this point would feel like.
-
We joined the double comma club in Feb 2018, TNW ($1.002M and .631M liquid).
LNW has been over/under as the market cycles this year, we hit $1M for the first time in January. It will be interesting to see where it goes as the year progresses, but I think we're officially in the $1-2M race.
LNW TNW
Dec-19 $0.96M $1.43M
Jan-20 $1.00M $1.47M
Feb-20 $1.04M $1.53M
Mar-20 $1.05M $1.55M
Apr-20 $0.98M $1.48M
May-20 $1.08M $1.58M
Jun-20 $1.18M $1.62M (So far, I run our full numbers on the 1st of each month)
-
I finally opened personal capital today for the first time since like Feb. I guess I’m down about $150K. Could be worse. It was a lot worse I’m sure probably down about $250 or more at one point. In reality it doesn’t make a difference as I’m still working
-
I finally opened personal capital today for the first time since like Feb. I guess I’m down about $150K. Could be worse. It was a lot worse I’m sure probably down about $250 or more at one point. In reality it doesn’t make a difference as I’m still working
Good job waiting it out! I'm impressed you didn't even look during the worst of it.
Things feel much better this week, but who knows what the future holds. I'm disappointed that our investments keep going through on days when the market is way up! I missed all of the lower points in the last few months.
Also: I really need to update my signature now :(
-
Kinda dull in here. Last post on the 12th. You are freakin millionaires and should be partying like it's 1999.
Ha. I laughed out loud when I saw this post. Good reminder!
+2
-
Ooof. I'm just catching up on this thread.
Seems like the party ended around mid February! Haven't you guys been enjoying the rebound now?
In the last three months I closed on a new property ($940,000 purchase price). Sold my share portfolio in January to pay the deposit for it. (Sold $462k, but only needed $380k for the deposit and stamp duty costs). Took out a loan for $600k and fixed at 2.59% interest.
In the interim, bought $25k of shares and sold for $28.5k, and made $1500 interest on a P2P lending platform. Probably shouldn't have sold that little parcel of shares.
Have subsequently bought back $100k of shares, basically market timed our index (sold at $88 in Jan, bought back in part at $70). I'm happy with that, and going to invest excess cash now in more shares, as long as it's under $88 I'm coming out well in front (still at $73 today).
My NW is still up for the year. I've gone from $1.32m to just over $1.40m.
On we go towards $2m
-
Seems like the party ended around mid February! Haven't you guys been enjoying the rebound now?
I try not to do checks / updates more often than quarterly.
I already rebalanced once this year, probably wouldn't rebalance a second time, so checking more often wouldn't be actionable.
-
march 2019: 1.04m
july 2019: 1.18m
Oct 2019: 1.24m
Feb 2020: 1.42m
April 2020: 1.23m
May 2020: 1.38m
June 2020: 1.45m.
-
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: Something much lower
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M
-
I hope everyone is celebrating our good market fortunes again. Let’s enjoy it while this fed rally lasts!!
-
My net worth rose over $400,000 in 2019 from the crazy bull market year. As of this week, I'm at $1.61M LNW, $1.88M TNW. The big $2M is in sight!
Well, that was a fast dip and an even faster rebound! As of Friday, I've hit a new all-time high:
June 2020: $1.68 LNW / $1.94 TNW
It may be too good to last, but I'll enjoy it while it does.
-
Yay! I can join this club! I hit $1,000,990 on Friday thanks to the huge rally. Split between $550K in investments (retirement, MM and cash) and $450 in equity in a paid off house. What an amazing feeling! Now looking forward on the race to $2M although I plan on FIRE when my liquidity hits $800K.
Out of interest I joined MMM back in 2014 with a net worth of $240K. I have been pretty frugal since then but have valued my vacations and put some money into the house so it's been nice to hit my goal but while enjoying the ride along the way.
-
Welcome, @Eurotexan! That's awesome progress from 2014 to present. I bet it feels good to have a paid off house. I don't know if we'll ever go that route but the prospect of not having to pay a mortgage ever again does sound pretty tempting.
-
Thanks @zinnie! I was on the fence with the mortgage about whether to pay it off or invest and in the end I invested my extra cash and paid it off at once rather than a little extra principle each month. From reading the forums here I decided that was the best route for me. I really did it for the peace of mind and to reduce my required income in FIRE for ACH reasons.
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM
Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM
Q2 2019:
LNW: 1.60 MM
TNW: 1.78 MM
Q3 2019:
LNW: 1.64 MM
TNW: 1.82 MM
YE 2019:
LNW: 1.84 MM
TNW: 2.02 MM
Q1 2020:
LNW: 1.60 MM
TNW: 1.79 MM
LNW: 2.02 MM
TNW: 2.21 MM
Whoop, we did it!
-
at only 31 years of age, no less!
Congratulations Roboturner!
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM
Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM
Q2 2019:
LNW: 1.60 MM
TNW: 1.78 MM
Q3 2019:
LNW: 1.64 MM
TNW: 1.82 MM
YE 2019:
LNW: 1.84 MM
TNW: 2.02 MM
Q1 2020:
LNW: 1.60 MM
TNW: 1.79 MM
LNW: 2.02 MM
TNW: 2.21 MM
Whoop, we did it!
Congratulations!!! That's really awesome.
-
We were at the finish line for about a hot second yesterday....BUT it's tax day and summer college tuition day therefore we're going stay sub $2.0 for a bit - just doing that slow-motion film finish replay for posterity. What did we do to celebrate the momentous occasion for that first moment? We planted 2 kiefer pear trees that we were too cheap to pay $65 to have installed. In 90 degree heat no less. I am going to call them my two million dollar trees.
-
Congratulations Roboturner!
Congratulations!!! That's really awesome.
Thanks! Glad I caught a pic before the last couple days, good to 'check it off,' not sure what the next milestone that would mean anything would be, or if we'll ever get there.
-
Congratulations Roboturner!
Congratulations!!! That's really awesome.
Thanks! Glad I caught a pic before the last couple days, good to 'check it off,' not sure what the next milestone that would mean anything would be, or if we'll ever get there.
Well the next step here at MMM is the $2 to $4 mil and beyond race. Be careful, some of the folks over there are well known to be scoundrels and scalawags. :-p
-
We were at the finish line for about a hot second yesterday....BUT it's tax day and summer college tuition day therefore we're going stay sub $2.0 for a bit - just doing that slow-motion film finish replay for posterity. What did we do to celebrate the momentous occasion for that first moment? We planted 2 kiefer pear trees that we were too cheap to pay $65 to have installed. In 90 degree heat no less. I am going to call them my two million dollar trees.
Damn, you already got your money tree??
-
We were at the finish line for about a hot second yesterday....BUT it's tax day and summer college tuition day therefore we're going stay sub $2.0 for a bit - just doing that slow-motion film finish replay for posterity. What did we do to celebrate the momentous occasion for that first moment? We planted 2 kiefer pear trees that we were too cheap to pay $65 to have installed. In 90 degree heat no less. I am going to call them my two million dollar trees.
Damn, you already got your money tree??
Exactly! Sadly our goose didn’t lay golden eggs-just regular ones....
-
Does anyone else feel like the road to 2M is harder than 1M?? I always heard the first 1M is hardest but this is taking forever!
-
Does anyone else feel like the road to 2M is harder than 1M?? I always heard the first 1M is hardest but this is taking forever!
Between the current stock market and the fact that our own additions are a smaller percent, our last check in was barely up from the one six months prior. Certainly not by as much as we had added.
-
Does anyone else feel like the road to 2M is harder than 1M?? I always heard the first 1M is hardest but this is taking forever!
Between the current stock market and the fact that our own additions are a smaller percent, our last check in was barely up from the one six months prior. Certainly not by as much as we had added.
I totally agree. New additions barely register at this point. Good problem to have I guess!
-
Under the circumstances, I'm just content to be treading water. I think its likely that we’ll see more losses as the full picture of the economic reality sets in. But maybe I’m wrong, we’ll see.
-
In the short term there are frustrating days where you can lose one year's income.
In the long term, I cannot imagine it being harder to get to $2,000,000 than it is to get above $0.
-
Congratulations Roboturner!
Congratulations!!! That's really awesome.
Thanks! Glad I caught a pic before the last couple days, good to 'check it off,' not sure what the next milestone that would mean anything would be, or if we'll ever get there.
Well the next step here at MMM is the $2 to $4 mil and beyond race. Be careful, some of the folks over there are well known to be scoundrels and scalawags. :-p
I resemble that remark.
-
Congratulations Roboturner!
Congratulations!!! That's really awesome.
Thanks! Glad I caught a pic before the last couple days, good to 'check it off,' not sure what the next milestone that would mean anything would be, or if we'll ever get there.
Well the next step here at MMM is the $2 to $4 mil and beyond race. Be careful, some of the folks over there are well known to be scoundrels and scalawags. :-p
I resemble that remark.
Exhibit “A”.
:-p
It’s a fun group.
-
Wow, folks are posting some really impressive numbers.
Congratulations Everyone!
--Jay
-
Under the circumstances, I'm just content to be treading water. I think its likely that we’ll see more losses as the full picture of the economic reality sets in. But maybe I’m wrong, we’ll see.
Just paper losses though. Not real losses.
It took us seven years to get to $1M. We are on track to get to $2M in four years. Instead of looking at TNW, I focus on the monthly increases, because going from $1.009M to 1.029M looks tiny, but going up by $20K in one month looks like an enormous gain.
-
march 2019: 1.04m
july 2019: 1.18m
Oct 2019: 1.24m
Feb 2020: 1.42m
April 2020: 1.23m
May 2020: 1.38m
June 2020: 1.45m
July 2020: 1.507m
-
I feel like $2MM will never come! I take one $100k step forward and then one back. Although really I have no cause to complain. I can’t believe how the market has recovered and performed in this insane world we now live in. I also just bought my first car ever (ahh!) so that’s a hit but I’m happy. This is the most money I’ve ever spent outside buying my apt. which felt like half investment have consumption purchase. This is just pure consumption.
-
I feel like $2MM will never come! I take one $100k step forward and then one back. Although really I have no cause to complain. I can’t believe how the market has recovered and performed in this insane world we now live in. I also just bought my first car ever (ahh!) so that’s a hit but I’m happy. This is the most money I’ve ever spent outside buying my apt. which felt like half investment have consumption purchase. This is just pure consumption.
I feel the same way, AND I bought my first car 2 years ago. I wanted to see what it was like. Having done it I'm pretty happy, though if I ever did it again I'd get a certified pre-owned. I just looked at what I could get for it now if I sold it and it's basically cost me what a lease would have cost for the past 2 years. So maybe lease next time? I'm planning to drive it for 10 years anyway.
-
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: ~$810k / 1.278M
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M
7/1/20: $1.042M / 1.524M
Went back and estimated what I had on April 1.
-
(CDN$) LNW TWN
2018 YE $1.13M $1.66M
1Q2019 $1.26M $1.77M
2Q2019 $1.26M $1.77M
3Q2019 $1.33M $1.84M
4Q2019 $1.38M $1.90M
1Q2020 $1.18M $1.75M
2Q2020 $1.40M $1.95M
It's been a bumpy ride but super happy to see a new peak NW. I'm glad I rebalanced my portfolio during the dip. Selling safe bonds and buying risky stocks took courage but it's paid off. I am not too attached to my NW number at the moment. Tomorrow's a new day in a strange world and it might drop again. But that's OK. I'm in for the long haul.
-
LNW / TNW
EOY 2018 - 877K / 1.02M
EOY 2019 - 1.12M / 1.275M
EQ1 2020 - 956K / 1.11M
EQ2 2020 - 1.14M / 1.3M
Making just a little bit of progress, mostly from contributions so far this year. Good to be ahead anyway.
I could look at it as being up a quarter million over the past 18 months. Yeah, that's how I'll look at it. That feels much better.
-
I could look at it as being up a quarter million over the past 18 months. Yeah, that's how I'll look at it. That feels much better.
LOL! Yes, that is how I'm choosing to look at it too. We are up a quarter million over the past 12 months.
-
I feel like $2MM will never come! I take one $100k step forward and then one back. Although really I have no cause to complain. I can’t believe how the market has recovered and performed in this insane world we now live in. I also just bought my first car ever (ahh!) so that’s a hit but I’m happy. This is the most money I’ve ever spent outside buying my apt. which felt like half investment have consumption purchase. This is just pure consumption.
I feel the same way, AND I bought my first car 2 years ago. I wanted to see what it was like. Having done it I'm pretty happy, though if I ever did it again I'd get a certified pre-owned. I just looked at what I could get for it now if I sold it and it's basically cost me what a lease would have cost for the past 2 years. So maybe lease next time? I'm planning to drive it for 10 years anyway.
I’m nervous about it but did buy a certified pre owned so hope my niece will be able to drive it in 10+ years.
-
Quarterly Update:
July-18 $704,760.25 (+54,904)
Oct-18 $768,090.42 (+63,330)
Jan-19 $761,423.60 (-06,666)
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)
April-20 $931,456 (-163,150 for the quarter)
July-20 $1,128,599 (+197,143 for the quarter AND for the year Ha!)
JGS
-
Q2 2016:
LNW: 528k
TNW: 720k
Q3 2016:
LNW: 652k
TNW: 845k
YE 2016:
LNW: 685k
TNW: 893k
Q1 2017:
LNW: 800k
TNW: 1001k
Q2 2017:
LNW: 845k
TNW: 1060k
Q3 2017:
LNW: 921k
TNW: 1142k
YE 2017:
LNW: 1,012k
TNW: 1,230k
Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM
Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM
Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM
YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM
Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM
Q2 2019:
LNW: 1.60 MM
TNW: 1.78 MM
Q3 2019:
LNW: 1.64 MM
TNW: 1.82 MM
YE 2019:
LNW: 1.84 MM
TNW: 2.02 MM
Q1 2020:
LNW: 1.60 MM
TNW: 1.79 MM
Q2 2020:
LNW: 1.94 MM
TNW: 2.15 MM
For a brief, shining moment, we had eclipsed $2MM LNW, not to last. However we are close again, so should be soon-ish unless we dump like March again...
-
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)
-
Time for another update! :)
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-20 | $1,122K | $1,438K |
| Feb-20 | $1,041K | $1,360K |
| Mar-20 | $ 927K | $1,235K |
| Apr-20 | $1,025K | $1,338K |
| May-20 | $1,082K | $1,392K |
| Jun-20 | $1,109K | $1,423K |
Quite the wild ride in 2020--but we're still plugging away. I also post in the 2026 cohort thread, as that's the year I turn 59.5 and I've sworn not to work a day past the year I reach that oh-so-important milestone age, but I may not last that long, as I'm getting pretty burned out. My spreadsheets indicate that we'll be at 25x expenses somewhere in late 2023 or early 2024, though, so we may decide to pull me away from employment earlier than our original date. DH is 11 years younger and enjoys his work, and while we could live on his salary, we wouldn't be able to save as much as we are while I'm working--so every day I can hang on gets us closer to the day that we can BOTH hang up our hats.
It's funny that in my last post I estimated that we'd reach my mini-goal of $1M + paid off house in about August 2020, and that's still the date we're projecting--but that projected date has been all over the place in the past 6-9 months. We thought we'd hit it in early 2020, and then February happened, and then March happened, and then everything ELSE happened, and then we refinanced, which threw the amortization tables off again, but if all goes well we should still pass that little milestone next month.
Onward!
-
Net worth over time with some history added. I didn't track too well before 2011 but got lucky really with a house I bought in 2010 and sold in 2019 for almost double.
2009:~50k
2010:~150k
2011: 428k
2012: 493k
2013: 563k
2014: 676k
2015: 744k
2016: 896k
2017: ~1M
2018 1.39M
2019: 1.45M
2020: 1.66M
Current liquid 1.38M/ 1.625M
Current NW: 1.66M/ 2M
I’m getting so impatient!!!!!!!!
-
Broke $500k this month, so joining this thread. Hoping to hit $1M by 2020.
11/30/2017 - $660k
11/30/2018 - $802k
10/30/2019 - $968k
[/quote]
6/30/2020 $1,050
Actually made it in by December, but I think I'm here to stay now. Includes $522 in retirement +HSA, $239 in taxable, $165 in rental R/E and $124 in home equity. I track at the real estate values at cost.
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
-
6/30/2020 $1,050
...
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
Congrats! I'm at around 1.2 MM and I haven't felt a desire to invest differently but I'm not quite FI by my plan yet, so that change may come later for me. I think I'm fairly likely to a) keep my risk profile where it is AND b) save an additional buffer beyond my official FI number.
-
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
Not when we hit $1M since we are still in the accumulation phase and are gainfully employed. We may be FIRE-ing in 2-3 years, so I have started reading up on reverse equity glide paths and other ways to slowly move towards capital preservation and reducing SORR.
This plan will need to be fine-tuned as we get closer to our FIRE date, but for right now, we plan to hold 2-3 years expenses in cash/laddered GICs to mitigate SORR, and we may set up something similar to Millenial Revolution’s Yield Shield.
-
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
Not when we hit $1M since we are still in the accumulation phase and are gainfully employed. We may be FIRE-ing in 2-3 years, so I have started reading up on reverse equity glide paths and other ways to slowly move towards capital preservation and reducing SORR.
This plan will need to be fine-tuned as we get closer to our FIRE date, but for right now, we plan to hold 2-3 years expenses in cash/laddered GICs to mitigate SORR, and we may set up something similar to Millenial Revolution’s Yield Shield.
I've read about the reserve equity glidepath, but I've never read anything about how to factor in rental real estate.
I've always thought about my rental portfolio like my bond allocation, but I don't know if that's really the right way to think about it. For example, we own the rentals outright, rents are $22,500 gross, so conservatively we should be able to clear $10k/year.
Expenses in RE would be $35k, so need to cover $25k out of the $760k remaining portfolio, which is a 3.2% withdraw rate, so for now every new invested dollar I get it just going into equities.
-
Broke $500k this month, so joining this thread. Hoping to hit $1M by 2020.
11/30/2017 - $660k
11/30/2018 - $802k
10/30/2019 - $968k
6/30/2020 $1,050
Actually made it in by December, but I think I'm here to stay now. Includes $522 in retirement +HSA, $239 in taxable, $165 in rental R/E and $124 in home equity. I track at the real estate values at cost.
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
[/quote]
Once we broke $1 mm I started prioritizing paying down debt. We made a good return on our money (over the long run) by leveraging, but it seemed silly to have that extra stress once we'd passed 2 commas.
-
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
Both because of getting closer to FIRE and recent market swings, I've upped how much I am contributing to cash accounts. I know I'll feel less panicky if I can wait out swings with a savings account. I used to hold almost none, now I am shooting for at least one year of expenses--maybe two.
-
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
Not when we hit $1M since we are still in the accumulation phase and are gainfully employed. We may be FIRE-ing in 2-3 years, so I have started reading up on reverse equity glide paths and other ways to slowly move towards capital preservation and reducing SORR.
This plan will need to be fine-tuned as we get closer to our FIRE date, but for right now, we plan to hold 2-3 years expenses in cash/laddered GICs to mitigate SORR, and we may set up something similar to Millenial Revolution’s Yield Shield.
I've read about the reserve equity glidepath, but I've never read anything about how to factor in rental real estate.
I've always thought about my rental portfolio like my bond allocation, but I don't know if that's really the right way to think about it. For example, we own the rentals outright, rents are $22,500 gross, so conservatively we should be able to clear $10k/year.
Expenses in RE would be $35k, so need to cover $25k out of the $760k remaining portfolio, which is a 3.2% withdraw rate, so for now every new invested dollar I get it just going into equities.
Our numbers and expenses are similar to yours. We also have a rental. I think it depends on how robust your rental market is. Our rental is in a highly desirable location, and in the past 8 years, we have not had a vacancy. So I’m comfortable in thinking that the income from that is mostly guaranteed. I don’t consider it in the same category as bonds though, because rents don’t tend to go up when markets are down. I just consider it an alternative income stream or like a mini part-time job (similar to how I would not consider working at Walmart part-time for 10k a year as being similar to bonds).
We use a similar method to yours - deduct the rental income and use our stash to cover the balance. However, I still plan to move to a more conservative allocation at least for the first few years because it would really suck if I had to withdraw $25K from a 100% equity portfolio when the markets were down 30%. The whole point of having bonds is that if the market dropped 30%, ideally your bonds would have gone up, and those are what you sell, leaving your equities untouched.
-
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
Both because of getting closer to FIRE and recent market swings, I've upped how much I am contributing to cash accounts. I know I'll feel less panicky if I can wait out swings with a savings account. I used to hold almost none, now I am shooting for at least one year of expenses--maybe two.
Yeah I felt a little overexposed in my 401k and now contributions go to a balanced stock bond fund. By accident I had a huge portion in international. I so think you start to think a little more about capital preservation when you hit these numbers. At least I do.
-
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
Both because of getting closer to FIRE and recent market swings, I've upped how much I am contributing to cash accounts. I know I'll feel less panicky if I can wait out swings with a savings account. I used to hold almost none, now I am shooting for at least one year of expenses--maybe two.
Yeah I felt a little overexposed in my 401k and now contributions go to a balanced stock bond fund. By accident I had a huge portion in international. I so think you start to think a little more about capital preservation when you hit these numbers. At least I do.
I think about it, of course, but the world is so bizarre now that you'd be as likely to lose your shirt in whatever asset you think is defensive as you would by just staying with what you've got. I have always held a pretty conservative AA so I guess Im already as prepared for whatever we’re in for as I can be. The only thing Ive changed recently is that I have been directing a few hundred dollars of my monthly automated investments into a money market fund just to build up a little more cash reserves. Its really kind of pointless in my particular situation, but its just a psychology thing.
-
I'm tracking to ~$2M Net Worth at retirement.
Net Worth:
[07.2020] $1.037M
-
1.2 total thus far, up 27k in July. Was hoping to be at 1.35 this year but our income has recently been halved so I don’t think that will happen.
-
Well, we've successfully stayed above 2MM LNW for a couple weeks now, think im ready to officially move on. Good luck everyone!
-
Slowly plugging along here...Our anticipated monthly bills are down significantly the past four months due to cancelled vacation plans and telecommuting allowing us to delay replacing my rusted out Tacoma.
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
July 2020- $1.125M
-
Well, we've successfully stayed above 2MM LNW for a couple weeks now, think im ready to officially move on. Good luck everyone!
@Roboturner , best of luck and congratulations!
-
Well, we've successfully stayed above 2MM LNW for a couple weeks now, think im ready to officially move on. Good luck everyone!
@Roboturner , best of luck and congratulations!
Yes congratulations on your graduation!
-
Well, we've successfully stayed above 2MM LNW for a couple weeks now, think im ready to officially move on. Good luck everyone!
@Roboturner , best of luck and congratulations!
Yes congratulations on your graduation!
Congrats!!!!!!!!!!!
-
Well, we've successfully stayed above 2MM LNW for a couple weeks now, think im ready to officially move on. Good luck everyone!
@Roboturner , best of luck and congratulations!
Yes congratulations on your graduation!
Congrats!!!!!!!!!!!
Well done, @Roboturner I hope your celebration is truly "Baller" Speak well of us uni-millionaires over in the new thread!
-
My net worth rose over $400,000 in 2019 from the crazy bull market year. As of this week, I'm at $1.61M LNW, $1.88M TNW. The big $2M is in sight!
Well, that was a fast dip and an even faster rebound! As of Friday, I've hit a new all-time high:
June 2020: $1.68 LNW / $1.94 TNW
It may be too good to last, but I'll enjoy it while it does.
Huzzah! As of month's end:
July 2020: $1.73 LNW / $2.00 TNW
My net worth including home equity touched $2 million today - almost exactly, I'm off by just a few hundred bucks.
I mistrust this market, given the way it's maintaining high valuations in the middle of a pandemic and global depression. I don't think I'll consider myself graduated from this thread until my NW has stayed at this level for a few months. But I've got to admit it feels pretty good.
-
My net worth rose over $400,000 in 2019 from the crazy bull market year. As of this week, I'm at $1.61M LNW, $1.88M TNW. The big $2M is in sight!
Well, that was a fast dip and an even faster rebound! As of Friday, I've hit a new all-time high:
June 2020: $1.68 LNW / $1.94 TNW
It may be too good to last, but I'll enjoy it while it does.
Huzzah! As of month's end:
July 2020: $1.73 LNW / $2.00 TNW
My net worth including home equity touched $2 million today - almost exactly, I'm off by just a few hundred bucks.
I mistrust this market, given the way it's maintaining high valuations in the middle of a pandemic and global depression. I don't think I'll consider myself graduated from this thread until my NW has stayed at this level for a few months. But I've got to admit it feels pretty good.
Awesome achievement regardless. Congrats.
-
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: ~$810k / 1.278M
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M
7/1/20: $1.042M / 1.524M
8/1/20: $1.098M / 1.600M
-
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 1 2020 $1.11MM $1.28MM (+$50K)
-
Well, we've successfully stayed above 2MM LNW for a couple weeks now, think im ready to officially move on. Good luck everyone!
Great job, @Roboturner! Good luck in your next challenge!
-
I joined this race on July 19, 2019 at $1,004,259.
Calculated my net worth day for the first time since and I am happy with our progress; we are at $1,031,119.
As I mentioned previously, I think our progress will likely be slower than those who have been posting in this thread.
Today's update: $1,201,317
Well, it could be a lot worse!
-
Another month-end, another update!
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-20 | $1,122K | $1,438K |
| Feb-20 | $1,041K | $1,360K |
| Mar-20 | $ 927K | $1,235K |
| Apr-20 | $1,025K | $1,338K |
| May-20 | $1,082K | $1,392K |
| Jun-20 | $1,109K | $1,423K |
| Jul-20 | $1,174K | $1,493K |
The wild ride continues! Our liquid NW puts us at about 78% of our $1.5M FIRE goal. My spreadsheet indicates 25x expenses in roughly October 2022, or May 2023 with a paid-off house.
DH is liking his work less and less. We'll see how long we can stomach employment. ;-)
Onward!
-
LNW TNW
12/19 $0.96M $1.43M
01/20 $1.00M $1.47M
02/20 $1.04M $1.53M
03/20 $1.05M $1.55M
04/20 $0.98M $1.48M
05/20 $1.08M $1.58M
06/20 $1.18M $1.62M
07/20 $1.24M $1.76M (+$60,485)
Our market gains so far this year just exceeded our anticipated annual income.... say what?
So very tempted to pull a chunk out and pay off the mortgage for the security aspect, but I know that's not the right thing to do.
-
I will join this race.
Aug 2020 $1,217K
-
So very tempted to pull a chunk out and pay off the mortgage for the security aspect, but I know that's not the right thing to do.
Oh, my goodness, do I sympathize with you on this! The value of our taxable account is roughly equivalent to the remaining balance on our 3.125% mortgage on our primary residence, which is our only debt.
Some days, it's not enough to remember that on average we can earn more than 3.125% on those investments, and the only thing keeping me from paying it off is thinking of the capital gains tax I'd end up paying from selling everything to convert to the cash needed for the payoff. ;-)
Hang in there! Payoff day will come soon enough!
-
So very tempted to pull a chunk out and pay off the mortgage for the security aspect, but I know that's not the right thing to do.
Oh, my goodness, do I sympathize with you on this! The value of our taxable account is roughly equivalent to the remaining balance on our 3.125% mortgage on our primary residence, which is our only debt.
Some days, it's not enough to remember that on average we can earn more than 3.125% on those investments, and the only thing keeping me from paying it off is thinking of the capital gains tax I'd end up paying from selling everything to convert to the cash needed for the payoff. ;-)
Hang in there! Payoff day will come soon enough!
It’s a real challenge to resist the urge to sell stocks now that they are back to near highs in anticipation of the reckoning to come, but to do what with the money? If inflation comes calling, which seems like a sure thing - eventually - then having a low interest rate mortgage is one of the best defenses we could have. Im looking into refinancing my 3.75 with only 12 years left to pay with hopefully a sub 3% 15 year loan. If i can knock off a couple hundred bucks from the monthly outlay and also have the comfort of a low interest mortgage heading into a world awash with helicopter money from the fed, I think thats a good combo as i look to retire in another 3-5 years.
If the housing market was a little better from a buyers perspective (more units available in my area) i think i would be looking at purchasing a new home and keeping my current as a rental property. Both with low rate mortgages.
-
Officially joining the race. Here are the numbers for me and DH:
Invested Assets - $1.116M
Home Equity - $268K
Other Assets - $56K
Total Net Worth - $1.44M
We were briefly above the halfway point before the recent market activity.
It's hard to believe, but we are only a stone's throw from the $2M mark for TNW.
Invested Assets - $1.62M
Home Equity - $282K
Other Assets - $71K
Total Net Worth - $1.97M
-
Welp, in Feb we hit $2.090 TNW, but unsurprisingly slid back below $2M in March.
By May we were back above $2M, and at the end of August we're at $2.14M TNW. I think it's time to move along as I don't expect us to slip back that far anytime soon.
Good luck everyone, especially those impacted by COVID, layoffs, civil unrest, etc.
-
Welp, in Feb we hit $2.090 TNW, but unsurprisingly slid back below $2M in March.
By May we were back above $2M, and at the end of August we're at $2.14M TNW. I think it's time to move along as I don't expect us to slip back that far anytime soon.
Good luck everyone, especially those impacted by COVID, layoffs, civil unrest, etc.
Congratulations! I only count liquid net worth basically I don’t include the value of my home because I have no idea what will happen if and when I sell it. Right now it’s a rental property so if I keep it as a rental I would just show cash flow and probably still not count it as an asset.
-
march 2019: 1.04m
july 2019: 1.18m
Oct 2019: 1.24m
Feb 2020: 1.42m
April 2020: 1.23m
May 2020: 1.38m
June 2020: 1.45m
July 2020: 1.507m
Sept 2020: 1.695m
-
Old data:
| 2015 DEC | : | 252k | <- Crossed 250k |
| - | - |
| 2016 JAN | : | 260k | (+8k) |
| 2016 FEB | : | 281k | (+21k) |
| 2016 MAR | : | 285k | (+4k) |
| 2016 APR | : | 298k | (+13k) |
| 2016 MAY | : | 305k | (+7k) |
| 2016 JUN | : | 307k | (+2k) |
| 2016 JUL | : | 320k | (+13k) |
| 2016 AUG | : | 326k | (+6k) |
| 2016 SEP | : | 336k | (+10k) |
| 2016 OCT | : | 337k | (+1k) |
| 2016 NOV | : | 361k | (+24k) |
| 2016 DEC | : | 368k | (+7k) |
| - | - |
| 2017 JAN | : | 382k | (+14k) |
| 2017 FEB | : | 403k | (+21k) |
| 2017 MAR | : | 416k | (+13k) |
| 2017 APR | : | 427k | (+11k) |
| 2017 MAY | : | 436k | (+9k) |
| 2017 JUN | : | 449k | (+13k) |
| 2017 JUL | : | 464k | (+15k) |
| 2017 AUG | : | 478k | (+14k) |
| 2017 SEPT | : | 494k | (+16k) |
| 2017 OCT | : | 510k | (+16k) <- Crossed 500k |
| 2017 NOV | : | 523k | (+13k) |
| 2017 DEC | : | 534k | (+11k) |
| - | - |
| 2018 JAN | : | 558k | (+24k) |
| 2018 FEB | : | 569k | (+11k) |
| 2018 MAR | : | 560k | (-9k) |
| 2018 APR | : | 574k | (+14k/+5k) |
| 2018 MAY | : | 575k | (+1k) |
| 2018 JUNE | : | 575k | (+0k) |
| 2018 JULY | : | 599k | (+24k) |
| 2018 AUG | : | 620k | (+21k) |
| 2018 SEPT | : | 625k | (+5k) |
| 2018 OCT | : | 597k | (-28k) |
| 2018 NOV | : | 606k | (+9k/-19k) |
| 2018 DEC | : | 580k | (-26k/-45k) |
| - | - |
| 2019 JAN | : | 628k | (+48k/+3k) |
| 2019 FEB | : | 666k | (+38k) |
| 2019 MAR | : | 677k | (+11k) |
| 2019 APR | : | 706k | (+29k) |
| 2019 MAY | : | 670k | (-36k) |
| 2019 JUNE | : | 709k | (+39k/+3k) |
| 2019 JULY | : | 712k | (+3k) |
| 2019 AUG | : | 720k | (+8k) |
| 2019 SEPT | : | 725k | (+5k) |
| 2019 OCT | : | 753k | (+28k) <- Crossed 750k |
| 2019 NOV | : | 777k | (+24k) |
| 2019 DEC | : | 798k | (+21k) |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k) |
| 2015 DEC | : | 252k | |
| 2016 DEC | : | 368k | |
| 2017 DEC | : | 534k | |
| 2018 DEC | : | 580k | |
| 2019 DEC | : | 798k | |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k) |
Hello everyone,
Coming from the "race to 1mm" thread this month. It makes me a little uneasy hitting that cross over point, right at the market highs, but here we are! Hopefully, everyone won't be too mad if I post a few months after a downturn at sub-1mm!
I've included my history from 250k all the way to now in a spoiler tag.
It is a little surreal being a "Millionaire", but the celebration was basically just a high five from DW. I was hoping for a red carpet!
It's probably time to start thinking about what a real FIRE # means for us. We never really came up with an exact dollar figure but 1.5mm -> 2mm seems like a pretty FAT-FIRE zone for us. We will probably hit bare-bones around 1.25mm
Thanks!
-
Welcome aboard new millionaires!
Don't fret about "just barely crossing the threshold" or that we're at "market highs" - that's sort of by definition how it usually happens! We're all in the same boat as far as being at the mercy of a very weird market and economy (and society at the moment).
We're here to have some fun and motivate one another to keep pushing toward financial independence.
-
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: ~$810k / 1.278M
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M
7/1/20: $1.042M / 1.524M
8/1/20: $1.098M / 1.600M
9/1/20: $1.151M / 1.660M
-
Welcome aboard new millionaires!
Don't fret about "just barely crossing the threshold" or that we're at "market highs" - that's sort of by definition how it usually happens! We're all in the same boat as far as being at the mercy of a very weird market and economy (and society at the moment).
We're here to have some fun and motivate one another to keep pushing toward financial independence.
This also needs posted on the 2M+ thread. Well said.
I am amused at how the less than 2M threads are positive and the 2M+ threads area full of hand-wringing OMY whiners.
Disclosure: I was solidly in the 2M club before I FIREd. Probably worked to long....
You can FU money (temporary) or FIRE completely any time you are ready. Don't let Financial Shithead (another blogger) tell you otherwise.
-
Liquid net worth
Aug 2020 $1,217K
Sep 2020 $1,260K
-
Hello all! New millionaire here, hopping over from the 500k-1M thread. Excited and also terrified.
Aug 2020: 1,050,000 LNW/ and 1,500,000 TNW
Sept 2020: 1,117,800 LNW/ and 1,567,800 TNW
Woohoo! Crossing fingers for continued upward movement.
-
Hello All! We're at $1.65 M or so at the moment and it feels WEIRD.
From 100K to $1M I didn't pay much attention as most of it is in retirement accounts. But then I stumbled upon this blog last fall and started getting serious about contributing to non-retirement accounts.
I'm actually in awe at how fast the NW is going up. I know it's a crazy year and all, but does anyone else get tickled at little market moves and how much it affects the daily total? Like, the S&P bumps up a half percent and I'm mentally calculating how much I "made" that day. I don't do anything with the info and I'm perfectly aware that it can (and will) easily go the other direction, but the snowball effect just has my jaw dropping daily.
-
We had a particuarly good Monday and have jumped to $1.9. It feels unreal.
That said, I know someone who made .5 million on an options trade on Monday and that seems incredibly unreal too.
-
Another month-end, another update!
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-20 | $1,122K | $1,438K |
| Feb-20 | $1,041K | $1,360K |
| Mar-20 | $ 927K | $1,235K |
| Apr-20 | $1,025K | $1,338K |
| May-20 | $1,082K | $1,392K |
| Jun-20 | $1,109K | $1,423K |
| Jul-20 | $1,174K | $1,493K |
| Aug-20 | $1,247K | $1,563K |
Thanks, August! ;-)
Now that we're approaching the technical FIRE number in earnest (we're about 3 years out), I've started taking a closer look at our actual spending rather than kind of throwing out a $5K/month estimate. I took a look at historical spending numbers in Quicken and built some spreadsheets; we're actually more in the range of $5500-$6000/month on average, when taking into account once-a-year expenses like property taxes (we don't escrow), car insurance, and homeowner's insurance. Spending has been trending down over the past couple of years, though; this year's average is more like $5400/month. A true estimate of the FIRE number needs to be based on post-retirement spend, of course, but we're not yet ready to make a good estimate of what that would be (as we may or may not downsize in house, may or may not move to a different area, and so on). It would likely go down, but we're sufficiently far from it to be unable to estimate it very accurately.
TL;DR: our FIRE number is now a moving target based on a running 12-month average spend. Current target is roughly $1.6M; current date estimate is April 2023.
Onward!
-
LNW TNW
12/19 $0.96M $1.43M
01/20 $1.00M $1.47M
02/20 $1.04M $1.53M
03/20 $1.05M $1.55M
04/20 $0.98M $1.48M
05/20 $1.08M $1.58M
06/20 $1.18M $1.62M
07/20 $1.24M $1.76M (+$60,485)
08/20 $1.34M $1.85M (+$96,706)
Another spectacular month of growth. We had to exercise some RSU's so I'm sitting on some cash, DCA in about 10% so far, but have missed out on 2 gang buster weeks in the market on the rest... not timing the market is HARD.
-
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 1 2020 $1.11MM $1.28MM (+$50K)
Sep 1 2020 $1.15MM $1.33MM (+$50K)
-
Spending has been trending down over the past couple of years, though; this year's average is more like $5400/month.
TL;DR: our FIRE number is now a moving target based on a running 12-month average spend. Current target is roughly $1.6M; current date estimate is April 2023.
Hi Zoot,
A couple of years ago I had to readjust my FIRE number when I came to understand that the 4% rule is based on pre-tax income as opposed to spend. So when I estimated a 15% tax rate my FIRE number went up 15%. You may already have this well in hand, but the language you are using made me think it's worth checking.
It reads like you are basing your 1.6M FIRE number on a $5,400 monthly spend X 12 months X 25. Where is should be based on monthly income.
-
Spending has been trending down over the past couple of years, though; this year's average is more like $5400/month.
TL;DR: our FIRE number is now a moving target based on a running 12-month average spend. Current target is roughly $1.6M; current date estimate is April 2023.
Hi Zoot,
A couple of years ago I had to readjust my FIRE number when I came to understand that the 4% rule is based on pre-tax income as opposed to spend. So when I estimated a 15% tax rate my FIRE number went up 15%. You may already have this well in hand, but the language you are using made me think it's worth checking.
It reads like you are basing your 1.6M FIRE number on a $5,400 monthly spend X 12 months X 25. Where is should be based on monthly income.
This depends, if you are living a somewhat modest lifestyle, you can almost entirely avoid taxes in retirement.
See:
https://www.gocurrycracker.com/never-pay-taxes-again/
-
Spending has been trending down over the past couple of years, though; this year's average is more like $5400/month.
TL;DR: our FIRE number is now a moving target based on a running 12-month average spend. Current target is roughly $1.6M; current date estimate is April 2023.
Hi Zoot,
A couple of years ago I had to readjust my FIRE number when I came to understand that the 4% rule is based on pre-tax income as opposed to spend. So when I estimated a 15% tax rate my FIRE number went up 15%. You may already have this well in hand, but the language you are using made me think it's worth checking.
It reads like you are basing your 1.6M FIRE number on a $5,400 monthly spend X 12 months X 25. Where is should be based on monthly income.
This depends, if you are living a somewhat modest lifestyle, you can almost entirely avoid taxes in retirement.
See:
https://www.gocurrycracker.com/never-pay-taxes-again/
I am planning for a monthly spend of about $4000 with a paid-off home. With two children, and our planned move to an income tax-free state, our taxes should be negative under current tax law. I'm just planning for zero. Naturally, we'll still be paying plenty in property, sales, and other incidental taxes, but our progressive income taxation system is yet another reason to trim back that spending.
-
Spending has been trending down over the past couple of years, though; this year's average is more like $5400/month.
TL;DR: our FIRE number is now a moving target based on a running 12-month average spend. Current target is roughly $1.6M; current date estimate is April 2023.
Hi Zoot,
A couple of years ago I had to readjust my FIRE number when I came to understand that the 4% rule is based on pre-tax income as opposed to spend. So when I estimated a 15% tax rate my FIRE number went up 15%. You may already have this well in hand, but the language you are using made me think it's worth checking.
It reads like you are basing your 1.6M FIRE number on a $5,400 monthly spend X 12 months X 25. Where is should be based on monthly income.
This depends, if you are living a somewhat modest lifestyle, you can almost entirely avoid taxes in retirement.
See:
https://www.gocurrycracker.com/never-pay-taxes-again/
I am planning for a monthly spend of about $4000 with a paid-off home. With two children, and our planned move to an income tax-free state, our taxes should be negative under current tax law. I'm just planning for zero. Naturally, we'll still be paying plenty in property, sales, and other incidental taxes, but our progressive income taxation system is yet another reason to trim back that spending.
I wouldn't use the term income for this purpose. It is spending that matters but you have to include taxes in that spending and as noted by BiggerFishTOFI, that tax rate is itself dependent on your withdrawal strategy.
Unfortunately for all of us, the state of insanity today as pertains to future tax rates makes it real hard to predict what the impacts will be. If some people get their way, we may have not only dramatically higher tax rates but also very different tax models, such as wealth taxes or value added taxes.
If we go to the VAT model, we will find ourselves with a pretty raw deal as savers, since the taxes will shift to spending rather than income, just as most of us have transitioned to drawing down and spending what we already earned.
-
A couple of years ago I had to readjust my FIRE number when I came to understand that the 4% rule is based on pre-tax income as opposed to spend. So when I estimated a 15% tax rate my FIRE number went up 15%. You may already have this well in hand, but the language you are using made me think it's worth checking.
It reads like you are basing your 1.6M FIRE number on a $5,400 monthly spend X 12 months X 25. Where is should be based on monthly income.
Thanks so much for this--you are absolutely right that I was thinking of the 4% "rule" as providing the monthly spend rather than monthly income. As our household gets closer and closer to FIRE, I find myself refining my understanding of what the numbers look like, and while I've considered the tax angle in a roundabout hand-waving kind of way, I haven't baked that into any calculations. Your pointing that out comes at an opportune time while I'm re-tooling my models!
This depends, if you are living a somewhat modest lifestyle, you can almost entirely avoid taxes in retirement.
See:
https://www.gocurrycracker.com/never-pay-taxes-again/
Thanks also for this reminder of a great post I've read several times in the past--just what I need to start taking a look at what a post-FIRE tax return might look like. Our income would definitely be low enough for us to be in the 15% capital gains tax bracket, but obviously if we can tweak our income streams to get into the 0% bracket (while still qualifying for an ACA subsidy), that would be ideal. This article is a great jumping off point to start making those calculations!
Going to go sharpen my pencil and get to work on some new numbers. Have I mentioned I love this community?
-
If we go to the VAT model, we will find ourselves with a pretty raw deal as savers, since the taxes will shift to spending rather than income, just as most of us have transitioned to drawing down and spending what we already earned.
Ahh I've seen this mindset before...the only good taxes are the ones you can avoid, right? ;)
You shouldn't be scared about paying a little bit of tax in FIRE. You're still part of society right? You still enjoy all the benefits a first world country provides? Including the privilege of being able to FIRE in the first place?
-
If we go to the VAT model, we will find ourselves with a pretty raw deal as savers, since the taxes will shift to spending rather than income, just as most of us have transitioned to drawing down and spending what we already earned.
Ahh I've seen this mindset before...the only good taxes are the ones you can avoid, right? ;)
You shouldn't be scared about paying a little bit of tax in FIRE. You're still part of society right? You still enjoy all the benefits a first world country provides? Including the privilege of being able to FIRE in the first place?
I have no problem with fair taxation. Just like almost every taxpaying entity in the world, though, i want predictability and stability in that system so that plans can be made accordingly.
The worst outcome for those “privileged” among us would be a dramatic change in how we are taxed that would blow up all of our plans after it is too late to change, such as being out of the workforce and no longer very employable in our fields.
-
If we go to the VAT model, we will find ourselves with a pretty raw deal as savers, since the taxes will shift to spending rather than income, just as most of us have transitioned to drawing down and spending what we already earned.
Ahh I've seen this mindset before...the only good taxes are the ones you can avoid, right? ;)
You shouldn't be scared about paying a little bit of tax in FIRE. You're still part of society right? You still enjoy all the benefits a first world country provides? Including the privilege of being able to FIRE in the first place?
I have no problem with fair taxation. Just like almost every taxpaying entity in the world, though, i want predictability and stability in that system so that plans can be made accordingly.
The worst outcome for those “privileged” among us would be a dramatic change in how we are taxed that would blow up all of our plans after it is too late to change, such as being out of the workforce and no longer very employable in our fields.
I'd plan for means testing for things like health care subsidies or Medicare costs.
-
Joining this thread from the $500k to $1M. $2M isn't a real goal, with a defined military pension coming in the near future, but we'll see how far we go for now.
SEP 2020 NW: 1.08M
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
-
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: ~$810k / 1.278M
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M
7/1/20: $1.042M / 1.524M
8/1/20: $1.098M / 1.600M
9/1/20: $1.151M / 1.660M
10/1/20: $1.138M / 1.641M
Treading water for a month. Guess it could be worse.
-
LNW / TNW
EOY 2018 - 877K / 1.02M
EOY 2019 - 1.12M / 1.275M
EQ1 2020 - 956K / 1.11M
EQ2 2020 - 1.14M / 1.3M
EQ3 2020 - 1.21M / 1.4M
Slow and steady. Given the dumpster fire that is 2020 in most other areas, I'll happily take this.
-
Quarterly Update:
July-18 $704,760.25 (+54,904)
Oct-18 $768,090.42 (+63,330)
Jan-19 $761,423.60 (-06,666)
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)
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.
JGS
-
I am in awe of the growth of everyone's stache in here. I am invested in traditional stocks and I might have a 5% to 10% annual return, but so many people are going from relatively little to strong seven figures in a matter of years, and not just one or two years but consistently. Is everyone invested in Tesla in this forum or am I missing something? I would love to know how much people are adding out of their income each year vs. what their investments are generating.
-
I am in awe of the growth of everyone's stache in here. I am invested in traditional stocks and I might have a 5% to 10% annual return, but so many people are going from relatively little to strong seven figures in a matter of years, and not just one or two years but consistently. Is everyone invested in Tesla in this forum or am I missing something? I would love to know how much people are adding out of their income each year vs. what their investments are generating.
I bet returns are just a (small) part. Most people here probably earn a good amount and that's a big chunk of net worth growth, I know that's the case for me.
-
LNW TNW
12/19 $0.96M $1.43M
01/20 $1.00M $1.47M
02/20 $1.04M $1.53M
03/20 $1.05M $1.55M
04/20 $0.98M $1.48M
05/20 $1.08M $1.58M
06/20 $1.18M $1.62M
07/20 $1.24M $1.76M (+$60,485)
08/20 $1.34M $1.85M (+$96,706)
10/20 $1.29M $1.81M (-$42,908)
Going the wrong way!
-
I am in awe of the growth of everyone's stache in here. I am invested in traditional stocks and I might have a 5% to 10% annual return, but so many people are going from relatively little to strong seven figures in a matter of years, and not just one or two years but consistently. Is everyone invested in Tesla in this forum or am I missing something? I would love to know how much people are adding out of their income each year vs. what their investments are generating.
In my experience, up until about 500K it was 95% brute force savings. After that, at least for me, the market began to have a lot more influence in both positive and negative quarters. That being said, I still attribute 50% of my gains to be primarily brute forth savings after 1000K. A lot depends on how much you can put in to your stache every year. For example, in 2019 my NW increased >300K. Of that, over 160K were purchased equities, and the rest was due to a 30% return in my index funds (which will certainly not happen every year). Everyone's situation is a bit different though.
-
I am in awe of the growth of everyone's stache in here. I am invested in traditional stocks and I might have a 5% to 10% annual return, but so many people are going from relatively little to strong seven figures in a matter of years, and not just one or two years but consistently. Is everyone invested in Tesla in this forum or am I missing something? I would love to know how much people are adding out of their income each year vs. what their investments are generating.
I bet returns are just a (small) part. Most people here probably earn a good amount and that's a big chunk of net worth growth, I know that's the case for me.
This forum is definitely not filled with fledgling Warren Buffetts. The majority are in index funds - and there are lots of good reasons for that. The forum *is* filled with lots of people who save a huge portion of their (often substantial) income.
-
Another month-end, another update!
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-20 | $1,122K | $1,438K |
| Feb-20 | $1,041K | $1,360K |
| Mar-20 | $ 927K | $1,235K |
| Apr-20 | $1,025K | $1,338K |
| May-20 | $1,082K | $1,392K |
| Jun-20 | $1,109K | $1,423K |
| Jul-20 | $1,174K | $1,493K |
| Aug-20 | $1,247K | $1,563K |
| Sep-20 | $1,215K | $1,533K |
The market giveth, and the market taketh away. ;-)
Still working with revising my FIRE target date calculations, so I'll hold off on reporting that until I get that calculation more stabilized.
Onward!
-
I am in awe of the growth of everyone's stache in here. I am invested in traditional stocks and I might have a 5% to 10% annual return, but so many people are going from relatively little to strong seven figures in a matter of years, and not just one or two years but consistently. Is everyone invested in Tesla in this forum or am I missing something? I would love to know how much people are adding out of their income each year vs. what their investments are generating.
In my experience, up until about 500K it was 95% brute force savings. After that, at least for me, the market began to have a lot more influence in both positive and negative quarters. That being said, I still attribute 50% of my gains to be primarily brute forth savings after 1000K. A lot depends on how much you can put in to your stache every year. For example, in 2019 my NW increased >300K. Of that, over 160K were purchased equities, and the rest was due to a 30% return in my index funds (which will certainly not happen every year). Everyone's situation is a bit different though.
Mine all varied greatly depending on the year. I have a NW of $4M @ 48. About $2M of that I can contribute to the final few great years of my business and the relatively small amount of gains from that (given it was recent), but I'd be worth $2M without that from just 20 years of averaging $100k of salary or so and saving a very good (but probably not MMM level) percentage of that in boring investments. I just backtested a bland 90/10 portfolio, which is around what I always had, and saving $35k per year for the last 20 years (so about $700k total) returned about $2M, so I think that's all about right. Of course, it looks like if I would have had those great business years at the start of my career I'd be worth closer to $10M now, but that's generally not the natural order of things.... I work part time now from home and make around what we spend plus enough to max out a 401k contribution, so not adding to it in any substantial manner but also not withdrawing yet.
-
I am in awe of the growth of everyone's stache in here. I am invested in traditional stocks and I might have a 5% to 10% annual return, but so many people are going from relatively little to strong seven figures in a matter of years, and not just one or two years but consistently. Is everyone invested in Tesla in this forum or am I missing something? I would love to know how much people are adding out of their income each year vs. what their investments are generating.
I bet returns are just a (small) part. Most people here probably earn a good amount and that's a big chunk of net worth growth, I know that's the case for me.
Yeah, that's my story as well.
-
I haven’t been updating here much, but we’ve been all over the place this last year. For the last 2 months, we’ve been hovering close to or slightly over 1.9M TNW. I was really hoping to see us hit 2 this year.
-
I've been lurking here for a while and feel confident enough about my total net worth to post that it's over 1M.
So here's where I'll start. I expect it'll be almost another year before both columns are over $1M.
[does not include pension balance. Later posts do.]
liquid and rental property equity TNW (includes primary residence equity)
10/1/20 $913K $1.09M
-
I am in awe of the growth of everyone's stache in here. I am invested in traditional stocks and I might have a 5% to 10% annual return, but so many people are going from relatively little to strong seven figures in a matter of years, and not just one or two years but consistently. Is everyone invested in Tesla in this forum or am I missing something? I would love to know how much people are adding out of their income each year vs. what their investments are generating.
I bet returns are just a (small) part. Most people here probably earn a good amount and that's a big chunk of net worth growth, I know that's the case for me.
This forum is definitely not filled with fledgling Warren Buffetts. The majority are in index funds - and there are lots of good reasons for that. The forum *is* filled with lots of people who save a huge portion of their (often substantial) income.
I have a fairly conservative portfolio of index funds and just max out my pretax contributions along with another few thousand in a taxable account. My stash growth probably has averaged about 30/70 or 40/60 percent contributions/markets the past several years.
Whats funny is that i don't feel any “richer” now than I did 400k ago. Guess thats a good thing else I’d be tempted to start acting rich and that would really put the brakes on stash growth.
-
I am in awe of the growth of everyone's stache in here. I am invested in traditional stocks and I might have a 5% to 10% annual return, but so many people are going from relatively little to strong seven figures in a matter of years, and not just one or two years but consistently. Is everyone invested in Tesla in this forum or am I missing something? I would love to know how much people are adding out of their income each year vs. what their investments are generating.
Just chiming in to say only half of our net worth growth is from investments (index funds, real estate). The other half is saved from our income.
-
This has been a great year for some in stocks. Our NW is largely in investments and we are more into individual high-growth tech stocks. Our paid for house is about 15% of our NW. We live in a lower cost housing area.
-
(CDN$) LNW TWN
2018 YE $1.13M $1.66M
1Q2019 $1.26M $1.77M
2Q2019 $1.26M $1.77M
3Q2019 $1.33M $1.84M
4Q2019 $1.38M $1.90M
1Q2020 $1.18M $1.75M
2Q2020 $1.40M $1.95M
3Q2020 $1.49M $2.04M
3Q close coincided with the markets being a bit spooked over Trump's covid, but we still stayed above the $2M CDN TNW waterline. Hooray!
I'm going to stay in this thread because these are little Canadian dollars, our real focus is achieving $2M LNW, and you guys are awesome!
-
Liquid net worth
Aug 2020 $1,217K
Sep 2020 $1,260K
Oct 2020 $1,265K
-
I am in awe of the growth of everyone's stache in here. I am invested in traditional stocks and I might have a 5% to 10% annual return, but so many people are going from relatively little to strong seven figures in a matter of years, and not just one or two years but consistently. Is everyone invested in Tesla in this forum or am I missing something? I would love to know how much people are adding out of their income each year vs. what their investments are generating.
Just chiming in to say only half of our net worth growth is from investments (index funds, real estate). The other half is saved from our income.
I have just gone over $1.5m and I'd say this seems about right. Brute force savings still doing the bulk of the work, but now the savings components from "income" are being noticeably topped up from the the dividends and rental cash returns too. So yes that's probably defined as compounding, but since all my cash income is being mixed into the same bank account pot it's hard for me to unmix it into a savings from income and savings from rent now :)
-
^ About the same for returns. Checked Vanguard performance stats, and it's 42% money I've put in and 58% investment returns (10.6% rate of return for past 10 years, nothing extraordinary). Sitting at $1.1m after 10 years, never made six figures before, it can be done on sub-$100k salaries, just takes time.
-
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
Oct-20 1.32 MM
Hoping to hit 1.5 MM (my updated FI number) this year.
-
I FIRE'd in June at around $1.7m in NW with an aggressive portfolio that includes some long-held tech stocks. Just getting around to updating last month's numbers and it turns out I came pretty close to that $2m mark in September. Have since slipped closer to $1.9, but who knew waking up at 10am to surf or hike could be so lucrative?
-
Joined the club (net worth) a few months ago and holding steady. Don't plan to ever reach $2M ... but hope to be in this club for a while! Next goal is to hit $1M in liquid assets (~$900k now), hopefully a year from now and make more concrete FIRE plans for mid-2022.
2015 -- $560k
2016 -- $640k
2017 -- $675k
2018 -- $776k
2019 -- $860k
2020 -- $1.1M
-
Thanks everyone for the clarification of how people's stache grows so quickly. Seems it is brute strength savings for the most part up until some form of escape velocity (say about $1M) where the increases from returns on investment can outweigh the inflows from income. I have learned the hard way that there is no substitute for early, consistent saving over a long period of time, and when you wait until you are in your mid to late 40's it takes a lot more effort!!
-
Thanks everyone for the clarification of how people's stache grows so quickly. Seems it is brute strength savings for the most part up until some form of escape velocity (say about $1M) where the increases from returns on investment can outweigh the inflows from income. I have learned the hard way that there is no substitute for early, consistent saving over a long period of time, and when you wait until you are in your mid to late 40's it takes a lot more effort!!
Its both. Brute force savings is hugely important, but year after year of positive gains certainly helps. Even though most everyone on this forum is is implicitly familiar with the incredible magic of compounding, seeing the actual numbers that compounding produces is still hard to believe at times.
-
Thanks everyone for the clarification of how people's stache grows so quickly. Seems it is brute strength savings for the most part up until some form of escape velocity (say about $1M) where the increases from returns on investment can outweigh the inflows from income. I have learned the hard way that there is no substitute for early, consistent saving over a long period of time, and when you wait until you are in your mid to late 40's it takes a lot more effort!!
It can still be done starting later, it just takes determination (and a decent salary doesn't hurt). I started at 38 near $0, bought a house, went through divorce, 15 mo. of unemployment, and now at 58 I have $1.2Mil + paid off house + $45k/yr. pension starting in 2 years. Plus I have a GF that has over $1Mil herself with a FED pension. I've only had a 6 digit salary for the last 3 years so I haven't been rolling in the money until lately.
-
Joining in:
10/2020 - 1.07m
I have yet to setup a FIRE target, but will do so in the coming months when I have decided where in this planet we will be living.
-
Welcome, @Finntastic and best wishes for continuing to meet your financial goals! Do you have an active journal where you discuss your thoughts about a possible move? The wisdom of people who live in different areas might be helpful.
-
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)
-
Welcome, @Finntastic and best wishes for continuing to meet your financial goals! Do you have an active journal where you discuss your thoughts about a possible move? The wisdom of people who live in different areas might be helpful.
not yet but I guess I might start one currently been thinking about the move from Thailand to Finland mainly due to the air quality which getting pretty bad here, however this would have a negative affect on our savings rate. But yeah I will start one once I get my headaround and find the right place for it.
-
Liquid net worth
Aug 2020 $1,217K
Sep 2020 $1,260K
Oct 2020 $1,265K
Nov 2020 $1,253K
-
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: ~$810k / 1.278M
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M
7/1/20: $1.042M / 1.524M
8/1/20: $1.098M / 1.600M
9/1/20: $1.151M / 1.660M
10/1/20: $1.138M / 1.641M
11/1/20: $1.155M / 1.678M
-
In the last month I got to LNW of $1.99 but nature (the market) is a cruel mistress so now I’m like $1.88. She giveth and she taketh away I suppose. I hope to ascend to the next level and leave all you riff raff single digit millionaires by end of year (just kidding I’ve been in this group for years).
-
10/2020 - 1.07m
11/2020 - 1.1m > 48% real estate, 43% cash, 6% crypto, 3% gold
Goal to fire set to: 2m$ or 994 days from now, whichever comes first.
-
Welcome, @Finntastic and best wishes for continuing to meet your financial goals! Do you have an active journal where you discuss your thoughts about a possible move? The wisdom of people who live in different areas might be helpful.
Started here: https://forum.mrmoneymustache.com/journals/move-from-thailand-to-finland-and-keep-fireing/
-
Another month-end, another update!
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-20 | $1,122K | $1,438K |
| Feb-20 | $1,041K | $1,360K |
| Mar-20 | $ 927K | $1,235K |
| Apr-20 | $1,025K | $1,338K |
| May-20 | $1,082K | $1,392K |
| Jun-20 | $1,109K | $1,423K |
| Jul-20 | $1,174K | $1,493K |
| Aug-20 | $1,247K | $1,563K |
| Sep-20 | $1,215K | $1,533K |
| Oct-20 | $1,197K | $1,520K |
We were doing SO WELL in October, and the last week of October happened. ;-)
Onward!
-
Another month-end, another update!
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-20 | $1,122K | $1,438K |
| Feb-20 | $1,041K | $1,360K |
| Mar-20 | $ 927K | $1,235K |
| Apr-20 | $1,025K | $1,338K |
| May-20 | $1,082K | $1,392K |
| Jun-20 | $1,109K | $1,423K |
| Jul-20 | $1,174K | $1,493K |
| Aug-20 | $1,247K | $1,563K |
| Sep-20 | $1,215K | $1,533K |
| Oct-20 | $1,197K | $1,520K |
We were doing SO WELL in October, and the last week of October happened. ;-)
Onward!
And then what happened? : )
-
Hello there fellow millionaires! We finally get to join the exclusive club. Numbers are household net worth, USD.
$0-100k took 17 months.
$100k-250k took 23 months.
$250k-500k took 21 months.
$500k-1000k took 37 months.
Progress so far (abridged):
1/1/2008 - (12k)
8/24/2012 - 1k
1/1/2013 - 38k
1/1/2014 - 99k
1/1/2015 - 188k
1/1/2016 - 252k
1/1/2017 - 379k
1/1/2018 - 544k
1/1/2019 - 608k
1/1/2020 - 853k
11/9/2020 - 1,004k
My projections show us hitting $2 million net worth somewhere around 2030 assuming I stop working in 2024. But a lot can happen in 10 years.
-
Welcome and awesome to see this progress! You sure did make a lot happen in the last ten years!
Hello there fellow millionaires! We finally get to join the exclusive club. Numbers are household net worth, USD.
$0-100k took 17 months.
$100k-250k took 23 months.
$250k-500k took 21 months.
$500k-1000k took 37 months.
Progress so far (abridged):
1/1/2008 - (12k)
8/24/2012 - 1k
1/1/2013 - 38k
1/1/2014 - 99k
1/1/2015 - 188k
1/1/2016 - 252k
1/1/2017 - 379k
1/1/2018 - 544k
1/1/2019 - 608k
1/1/2020 - 853k
11/9/2020 - 1,004k
My projections show us hitting $2 million net worth somewhere around 2030 assuming I stop working in 2024. But a lot can happen in 10 years.
-
We were doing SO WELL in October, and the last week of October happened. ;-)
And then what happened? : )
Can't wait to tell THAT story at the end of November! ;-)
I'm traveling for work right now, and so I don't have access to my spreadsheets--I am ITCHING to get home and pull the new numbers just to see what happened yesterday, even if it's just for one brief shining moment of Top Is In. :)
-
I guess I can join this thread now. As of tonight.
Net Worth: $1.001 million - and actually our debts slightly exceed the only non-productive asset I keep on the balance sheet (the house), so 'Stache + Cash is slightly more than the networth.
Graphical form below since I first added our combined assets after we got married in 2012 (blue is NW, red is our investments only).
-
Welcome @dandarc to the thread! I stick around here even though we crossed over the $2.0 mark earlier this year because of the fuzzy math about nonproductive assets. :-) Great progress over time!
-
Update:
Jan 2020: 852k
June 2020: 850k
Sept 2020: 1,057k
Nov 2020: 1,109k
-
We crossed over the $1M mark in July 2019. Did some rough math today to add to the fairly precise number from 2 weeks ago, and it looks like we have now crossed over the $1.3M mark.
We are progressing faster than I expected, and may need to move up my RE date, as I’m looking to pull the plug when we hit around $2M.
-
Here's to hoping I re-cross this mark between now and year end.
-
Hello there fellow millionaires! We finally get to join the exclusive club. Numbers are household net worth, USD.
$0-100k took 17 months.
$100k-250k took 23 months.
$250k-500k took 21 months.
$500k-1000k took 37 months.
Progress so far (abridged):
1/1/2008 - (12k)
8/24/2012 - 1k
1/1/2013 - 38k
1/1/2014 - 99k
1/1/2015 - 188k
1/1/2016 - 252k
1/1/2017 - 379k
1/1/2018 - 544k
1/1/2019 - 608k
1/1/2020 - 853k
11/9/2020 - 1,004k
My projections show us hitting $2 million net worth somewhere around 2030 assuming I stop working in 2024. But a lot can happen in 10 years.
That didn't take long! I was at around 1027 on the 9th. You'll probably recapture your lead soon though, been doing some remodeling and more to come. Also, trying to slowly write down some things on the balance sheet monthly, and aggressively at that. (Solar array, taking away $500/value a month or more, i'd rather it just be a 0 on the sheet but it'll take a while)
Not sure when FIRE is for us yet, but FAT-FIRE is around that 3-6 year zone. We could probably barebones FIRE in another 1-3 years.
-
11/9/2020 - 1,004k
That didn't take long! I was at around 1027 on the 9th. You'll probably recapture your lead soon though, been doing some remodeling and more to come. Also, trying to slowly write down some things on the balance sheet monthly, and aggressively at that. (Solar array, taking away $500/value a month or more, i'd rather it just be a 0 on the sheet but it'll take a while)
Not sure when FIRE is for us yet, but FAT-FIRE is around that 3-6 year zone. We could probably barebones FIRE in another 1-3 years.
Yeah, much faster than I expected as well! I really feel at the whim of the markets at this point. I've been ignoring updating our house value (purchased ~4.5 years ago). Zillow thinks our house has an extra 300 sq ft so I haven't been trusting its estimate. But if its to be believed our net worth is actually +$30k. Since there will be fees and commissions associated with selling I'm fine with continuing to lowball the estimate a bit.
Assuming predictable stock market returns (hah!) I am projecting ~$1.25M invested in Fall 2024 which has been my goal for a while now. I think I'll be comfortable pulling the trigger with $50k/year per a 4% SWR.
-
So I'm the FNG here just crossing over the $1,000,000 mark this month. I expect to flounder back and forth on that line as the market does it's thing. Even though this isn't our FI number it is quite an accomplishment and we are feeling very very good. We think our FI number is about $1.6. So hopefully we can keep aggressively investing, and also hopeful that the market is generous to us. Turning 48 in February we are excited to slow down our work life and speed up our vacation life. I likely won't quit my job at FI but my wife will, I'll just stop doing overtime and step down from the base manager position - I work 7 days on 7 days off with 3 weeks of vacation every year. So that means when I take 1 week of vacation we are off for 3 weeks. Not too bad, every other week off, plus 3 three week vacations per year. Plus I like what I do. EMS helicopter pilot.
| Investment Accounts |
| End Of Month | Liquid Balance | $$ I invested | total change |
| Dec 2016 | $322,818 | $30,604 | |
| Dec 2017 | $438,627 | $40,177 | $115,809 |
| Dec 2018 | $518,373 | $87,168 | $79,746 |
| Dec 2019 | $778,776 | $95,881 | $260,403 |
| Dec 2020 | $950,000 ? | $140,000 ? | $171,224 ? |
| | | | |
| Jan 2020 | $777,421 | $3,389 | $-1,355 |
| Feb 2020 | $753,453 | $4,390 | $-23,968 |
| Mar 2020 | $645,440 | $11,556 | $-108,013 |
| Apr 2020 | $716,401 | $8,303 | $70,961 |
| May 2020 | $757,000 | $4,080 | $40,599 |
| June 2020 | $780,621 | $4,130 | $23,621 |
| July 2020 | $819,749 | $3,810 | $39,128 |
| August 2020 | $943,209 | $82,688 | $123,460 |
| September 2020 | $923,711 | $7,671 | $-19,498 |
| October 2020 | $921,558 | $8,976 | $-2,153 |
| Mid- November 2020 | $1,021,910 | $3,000 | $100,352 |
-
Crossed the finish line yesterday at 2,009k. Hard to believe it considering I FIREd in the middle of the year and in the middle of a pandemic. No doubt I'll be back and forth over the finish line several times before it sticks :)
-
Congratulations @aspiringnomad!
-
Crossed the finish line yesterday at 2,009k. Hard to believe it considering I FIREd in the middle of the year and in the middle of a pandemic. No doubt I'll be back and forth over the finish line several times before it sticks :)
Congratulations!
-
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
Ticking along nicely.
-
I'll join as well.
I'm just under 1.1 million right now and will likely reach 2 million if I continue to my full retirement age for my Pension and reduced Health Care for Life. There is a chance that I'll say f* that if I feel that I can live the like I want to before that though.
ETA: even though I'm vested I don't pay attention to my pension other than to calculate how much I am eligible for. I don't count it as part of my net worth at this time.
So I haven’t been very active here, but I’m getting closer to exit the other end of the group wow. I did add in my small pension cash value ($29k, which is less than I have in my HSA) but I’m now at $1,939,xxx.xx.
This does include my home equity based on Zillow prices, which I count as low compared to market value for my neighborhood when looking at recent home sales.
I’m 56 month until I’m eligible to retire with my pension now. (Not counting at all)
ETA: I actually changed my asset allocation in January 2020 to a more conservative 70/30 mix instead of a 90/10. I’m happy with my investments as is and now I’m cruising vs trying to accelerate.
-
The recent surge has pushed me over the finish line for this group but I don’t really believe it and am sure I’ll be back so I’ll just stay here haha. Happy Thanksgiving!
-
^lol, I know, right? Happy Thanksgiving, brooklynmoney and everyone.
How can this even be real? How can this be my financial situation?
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)
-
11/9/2020 - 1,004k
That didn't take long! I was at around 1027 on the 9th. You'll probably recapture your lead soon though, been doing some remodeling and more to come. Also, trying to slowly write down some things on the balance sheet monthly, and aggressively at that. (Solar array, taking away $500/value a month or more, i'd rather it just be a 0 on the sheet but it'll take a while)
Not sure when FIRE is for us yet, but FAT-FIRE is around that 3-6 year zone. We could probably barebones FIRE in another 1-3 years.
Yeah, much faster than I expected as well! I really feel at the whim of the markets at this point. I've been ignoring updating our house value (purchased ~4.5 years ago). Zillow thinks our house has an extra 300 sq ft so I haven't been trusting its estimate. But if its to be believed our net worth is actually +$30k. Since there will be fees and commissions associated with selling I'm fine with continuing to lowball the estimate a bit.
Assuming predictable stock market returns (hah!) I am projecting ~$1.25M invested in Fall 2024 which has been my goal for a while now. I think I'll be comfortable pulling the trigger with $50k/year per a 4% SWR.
This is an easy fix, five minutes, max. Create a Zillow account. Enter your address, go to "Owner" view and claim your property. Pull up the Features List and adjust to your heart's content. Eventually, the other sites will catch on.
I bought a house before it was built. I had an extra room and bath added at the time of original construction. (It was a builder's upgrade, but few people knew it was available.) It was in a large subdivision and whoever submitted the plans to the County missed that it wasn't a standard model. I changed it on Zillow and now every other side uses the same figure. The Tax Assessor probably still has the incorrect number, but that has zero effect on my tax rate, so I've made no effort to fix it.
Having said that, Zillow's Zestimates are worth the paper they're printed on. They're mostly scientific wild ass guesses.
-
Crossed the finish line yesterday at 2,009k. Hard to believe it considering I FIREd in the middle of the year and in the middle of a pandemic. No doubt I'll be back and forth over the finish line several times before it sticks :)
Congratulations!
Thanks! I'll stick around for the inevitable dip, but for now it feels more satisfying than the 1 mill threshold. Didn't expect that.
Happy Thanksgiving to you and everyone else!
-
Zillow thinks our house has an extra 300 sq ft so I haven't been trusting its estimate.
This is an easy fix, five minutes, max. Create a Zillow account. Enter your address, go to "Owner" view and claim your property. Pull up the Features List and adjust to your heart's content. Eventually, the other sites will catch on.
I bought a house before it was built. I had an extra room and bath added at the time of original construction. (It was a builder's upgrade, but few people knew it was available.) It was in a large subdivision and whoever submitted the plans to the County missed that it wasn't a standard model. I changed it on Zillow and now every other side uses the same figure. The Tax Assessor probably still has the incorrect number, but that has zero effect on my tax rate, so I've made no effort to fix it.
Having said that, Zillow's Zestimates are worth the paper they're printed on. They're mostly scientific wild ass guesses.
I'm not particularly interested in creating a Zillow account if I don't have to... I have enough accounts scattered all over the web as it is (maybe around 400 accounts?).
-
Zillow thinks our house has an extra 300 sq ft so I haven't been trusting its estimate.
This is an easy fix, five minutes, max. Create a Zillow account. Enter your address, go to "Owner" view and claim your property. Pull up the Features List and adjust to your heart's content. Eventually, the other sites will catch on.
I bought a house before it was built. I had an extra room and bath added at the time of original construction. (It was a builder's upgrade, but few people knew it was available.) It was in a large subdivision and whoever submitted the plans to the County missed that it wasn't a standard model. I changed it on Zillow and now every other side uses the same figure. The Tax Assessor probably still has the incorrect number, but that has zero effect on my tax rate, so I've made no effort to fix it.
Having said that, Zillow's Zestimates are worth the paper they're printed on. They're mostly scientific wild ass guesses.
I'm not particularly interested in creating a Zillow account if I don't have to... I have enough accounts scattered all over the web as it is (maybe around 400 accounts?).
Then what the hell is one more? You could make an account, fix what bugs you enough to write about here, then delete it. The changes will stick and you'll still be under 5 minutes.
-
Shoot...that was a long hike. It took us 24 years to get into this thread. I don’t expect to be here that long though. My net-worth is $1,001,146 as of a few days ago. Trying to setup my savings for an easy lifestyle starting at age 55. I have about thirteen years before I hit that age. My income level is at risk due to COVID-19. Worst case scenario we would coast into retirement at the age of 62. 45% of our net-worth is a paid off house and pensions. One of the pensions I’m expecting to transfer the lump sum into an IRA.
-
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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: ~$810k / 1.278M
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M
7/1/20: $1.042M / 1.524M
8/1/20: $1.098M / 1.600M
9/1/20: $1.151M / 1.660M
10/1/20: $1.138M / 1.641M
11/1/20: $1.155M / 1.678M
12/1/20: $1.290M / 1.804M
Took a bit of a bath on the last day of the month, but I definitely can't complain about a LNW increase of close to 12% in one month.
-
Unfortenately due to some bad real estate investment I'm out of this topic for awhile and back to racing to 1m.
9/2020 - 1.07m
10/2020 - 1.1m
11/2020 - 0.86
32% real estate, 51% cash, 13% crypto, 4% gold
Goal to fire set to: 2m$ or 965 days from now, whichever comes first.
-
Liquid net worth
Aug 2020 $1,217K
Sep 2020 $1,260K
Oct 2020 $1,265K
Nov 2020 $1,253K
Dec 2020 $1,375K
-
End of November Close out, hoping to stay within this range going forward but you just never know. in any case I just keep moving on
| Investment Accounts |
| End Of Month | Liquid Balance | $$ I invested | total change |
| Dec 2016 | $322,818 | $30,604 | |
| Dec 2017 | $438,627 | $40,177 | $115,809 |
| Dec 2018 | $518,373 | $87,168 | $79,746 |
| Dec 2019 | $778,776 | $95,881 | $260,403 |
| Dec 2020 | $950,000 ? | $140,000 ? | $171,224 ? |
| | | | |
| Jan 2020 | $777,421 | $3,389 | $-1,355 |
| Feb 2020 | $753,453 | $4,390 | $-23,968 |
| Mar 2020 | $645,440 | $11,556 | $-108,013 |
| Apr 2020 | $716,401 | $8,303 | $70,961 |
| May 2020 | $757,000 | $4,080 | $40,599 |
| June 2020 | $780,621 | $4,130 | $23,621 |
| July 2020 | $819,749 | $3,810 | $39,128 |
| August 2020 | $943,209 | $82,688 | $123,460 |
| September 2020 | $923,711 | $7,671 | $-19,498 |
| October 2020 | $921,558 | $8,976 | $-2,153 |
| November 2020 | $1,033,776 | $2,446 | $112,218 |
| December 2020 | $ | $ | $ |
-
Another month-end, another update!
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-20 | $1,122K | $1,438K |
| Feb-20 | $1,041K | $1,360K |
| Mar-20 | $ 927K | $1,235K |
| Apr-20 | $1,025K | $1,338K |
| May-20 | $1,082K | $1,392K |
| Jun-20 | $1,109K | $1,423K |
| Jul-20 | $1,174K | $1,493K |
| Aug-20 | $1,247K | $1,563K |
| Sep-20 | $1,215K | $1,533K |
| Oct-20 | $1,197K | $1,520K |
| Nov-20 | $1,319K | $1,645K |
I'd ask how that's even possible, but given the rise in all the stock indices, I won't bother. Crazy times.
I've also been working on creating a stash-versus-spend graph, inspired by the work of another poster here whose name now escapes me (let me know if it's you--I'd like to thank you!). I'm still working on the tax question (i.e., how will tax affect the stash needed to support our spending and taxation), but this graph will give me a good way to represent the ongoing refinement of my understanding. The blue line is a 12-month rolling average of spending; the red line is projected yearly income at a 4% annual withdrawal rate from our investable assets. When the lines cross, we're technically FI by those parameters; I'll have to refine my understanding of that once the time comes, but this graph gives me a good way to visualize our progress until that happens (conservatively projected for early 2023).
I'm also working on learning how to post images, so this post may end up with quite the edit history as I attempt to get THAT to work. I learn so much here! :)
Onward!
(https://i.imgur.com/lpRYPRv.jpg)
-
Stash to spend might be @C40 ? He does a good one, but I haven't seen him posting in awhile.
-
Welcome and awesome to see this progress! You sure did make a lot happen in the last ten years!
Hello there fellow millionaires! We finally get to join the exclusive club. Numbers are household net worth, USD.
$0-100k took 17 months.
$100k-250k took 23 months.
$250k-500k took 21 months.
$500k-1000k took 37 months.
Progress so far (abridged):
1/1/2008 - (12k)
8/24/2012 - 1k
1/1/2013 - 38k
1/1/2014 - 99k
1/1/2015 - 188k
1/1/2016 - 252k
1/1/2017 - 379k
1/1/2018 - 544k
1/1/2019 - 608k
1/1/2020 - 853k
11/9/2020 - 1,004k
My projections show us hitting $2 million net worth somewhere around 2030 assuming I stop working in 2024. But a lot can happen in 10 years.
If you doubled your money from 2018 to 2020, why would it take 10 years to double it again?
-
I'm joining. My numbers do not include the primary residence but do include rentals. It's difficult to accurately value the rentals so I just have the lot hold steady near 300K. I'm pretty conservative in places with a paid of primary and 9% liquid for emergencies. In other places, I'm risky by holding individual stocks and investing in real estate. I inherited the risky positions and am slowly moving everything towards a more boring and traditional place.
2014: 512K
2015: 467K (paid off primary)
2016: 514K
2017: 632K (quit the full time job)
2018: 697K
2019: 915K (+180K in a penny stock gamble)
2020: 1052K
Allocation: 62% equities, 29% rentals, 9% cash and gold
-
Hello there fellow millionaires! We finally get to join the exclusive club. Numbers are household net worth, USD.
$0-100k took 17 months.
$100k-250k took 23 months.
$250k-500k took 21 months.
$500k-1000k took 37 months.
Progress so far (abridged):
1/1/2008 - (12k)
8/24/2012 - 1k
1/1/2013 - 38k
1/1/2014 - 99k
1/1/2015 - 188k
1/1/2016 - 252k
1/1/2017 - 379k
1/1/2018 - 544k
1/1/2019 - 608k
1/1/2020 - 853k
11/9/2020 - 1,004k
My projections show us hitting $2 million net worth somewhere around 2030 assuming I stop working in 2024. But a lot can happen in 10 years.
Welcome and awesome to see this progress! You sure did make a lot happen in the last ten years!
If you doubled your money from 2018 to 2020, why would it take 10 years to double it again?
Well for one I don't intend to work for the next 10 years, so that will drastically slow the growth. I'm using pretty conservative return estimates as well. Also I realized after I posted that the projections I was looking at were for invested assets while the $1M mark we just hit was net worth. So $2M net worth will probably be closer to 8 years, give or take, using those projections.
-
So we crossed over the 1 Million in Net Worth mark last week. We have +/- 80% of that in the market. The last few years have been pretty unexpected for us, we went from 500k in June of 2018 to a million in 30 months. I don't expect that pace to continue but who knows. We have a lot of decisions to make as far as if/when to pay off the mortgage, if to buy rental real estate, and whether or not to front-load college savings accounts. Excited by all the possibilities though and it's been great seeing everyone's progress here.
-
Old data:
| 2015 DEC | : | 252k | <- Crossed 250k |
| - | - |
| 2016 JAN | : | 260k | (+8k) |
| 2016 FEB | : | 281k | (+21k) |
| 2016 MAR | : | 285k | (+4k) |
| 2016 APR | : | 298k | (+13k) |
| 2016 MAY | : | 305k | (+7k) |
| 2016 JUN | : | 307k | (+2k) |
| 2016 JUL | : | 320k | (+13k) |
| 2016 AUG | : | 326k | (+6k) |
| 2016 SEP | : | 336k | (+10k) |
| 2016 OCT | : | 337k | (+1k) |
| 2016 NOV | : | 361k | (+24k) |
| 2016 DEC | : | 368k | (+7k) |
| - | - |
| 2017 JAN | : | 382k | (+14k) |
| 2017 FEB | : | 403k | (+21k) |
| 2017 MAR | : | 416k | (+13k) |
| 2017 APR | : | 427k | (+11k) |
| 2017 MAY | : | 436k | (+9k) |
| 2017 JUN | : | 449k | (+13k) |
| 2017 JUL | : | 464k | (+15k) |
| 2017 AUG | : | 478k | (+14k) |
| 2017 SEPT | : | 494k | (+16k) |
| 2017 OCT | : | 510k | (+16k) <- Crossed 500k |
| 2017 NOV | : | 523k | (+13k) |
| 2017 DEC | : | 534k | (+11k) |
| - | - |
| 2018 JAN | : | 558k | (+24k) |
| 2018 FEB | : | 569k | (+11k) |
| 2018 MAR | : | 560k | (-9k) |
| 2018 APR | : | 574k | (+14k/+5k) |
| 2018 MAY | : | 575k | (+1k) |
| 2018 JUNE | : | 575k | (+0k) |
| 2018 JULY | : | 599k | (+24k) |
| 2018 AUG | : | 620k | (+21k) |
| 2018 SEPT | : | 625k | (+5k) |
| 2018 OCT | : | 597k | (-28k) |
| 2018 NOV | : | 606k | (+9k/-19k) |
| 2018 DEC | : | 580k | (-26k/-45k) |
| - | - |
| 2019 JAN | : | 628k | (+48k/+3k) |
| 2019 FEB | : | 666k | (+38k) |
| 2019 MAR | : | 677k | (+11k) |
| 2019 APR | : | 706k | (+29k) |
| 2019 MAY | : | 670k | (-36k) |
| 2019 JUNE | : | 709k | (+39k/+3k) |
| 2019 JULY | : | 712k | (+3k) |
| 2019 AUG | : | 720k | (+8k) |
| 2019 SEPT | : | 725k | (+5k) |
| 2019 OCT | : | 753k | (+28k) <- Crossed 750k |
| 2019 NOV | : | 777k | (+24k) |
| 2019 DEC | : | 798k | (+21k) |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k) |
| 2015 DEC | : | 252k | |
| 2016 DEC | : | 368k | |
| 2017 DEC | : | 534k | |
| 2018 DEC | : | 580k | |
| 2019 DEC | : | 798k | |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k)<-Crossed 1m |
| 2020 SEP | : | 979k | (-23k/-23k) |
| 2020 OCT | : | 971k | (-8k/-31k) |
| 2020 NOV | : | 1.058mm | (+87k) |
Dipped down for the last 2-3 months after peeking into the 7 figure mark. Solidly back there now, and actually higher today by a good amount.
It's interesting to see nearly $100,000 show up or disapear in a single month. I remember, a few year back, when we were pushing and stretching to reach 500k, growth was steady and mainly driven by us. Now it's almost 100% market based, sometimes it feels a bit pointless to push that $80k-$100k annually into the account when that value swings monthly anyway :)
Either way, no changes, keeping on track. Stache is sitting over 800k now, if we get a 10-15% market in 2021 we could see that crack a million as well.
-
I haven't updated for a few months, depending on how you count things I need to go start looking at the $2-4m thread for TNW.
LNW TNW
12/19 $0.96M $1.43M
01/20 $1.00M $1.47M
02/20 $1.04M $1.53M
03/20 $1.05M $1.55M
04/20 $0.98M $1.48M
05/20 $1.08M $1.58M
06/20 $1.18M $1.62M
07/20 $1.24M $1.76M (+$60,485)
08/20 $1.34M $1.85M (+$96,706)
10/20 $1.29M $1.81M (-$42,908)
11/20 $1.27M $1.80M (-$11,038)
12/20 $1.39M $1.91M (+$116,078)
-
Hello all.
It was recommended to me from Couponvan that I join this thread. I'm currently at about 1.4 mil in invested assets (a mix of a brokerage account, annuity, REIT, 401K, cash and savings). Much of my gains lately have been thanks to the unbelievable stock market and I'm hoping to hit 2 mil within four years at which point I'll consider myself FIRE-D at 48 (I'm currently 44). Happy to be here and add to the discussion or answer any questions.
Hi everyone. I thought I'd check back in and provide an update on my finances. Currently at around 1.7 mil in invested assets (about 2.0 mil NW, but I'm not counting my home in this calculation, so I'm staying in this 1M - 2M group). Most of the extra 300K since Jan. 2018 has come via market returns, and additional savings (including 100K from the partial sale of part of the business I have a stake in). My current assets breakdown is approx.:
-Morgan Stanley Brokerage Acct. - 850K
-Fidelity Acct. (cash and ETFs) - 30K
-401k - 535K
-CDs - 200K
-Savings - 65K
-Checking - 20K
In addition, I've moved my FIRE date up to March/April 2020 (or sooner, can't take the rat race anymore), lowered my FIRE age to 46 (I'm currently 45) and I've lowered my desired FIRE stash to 1.8 mil. (or whatever I have in 10 or 11 months from now). Anyway, I hope everyone is well on their way to their goal and making good progress towards freedom!
Hey fellow MMMers,
I hope everyone is doing well, staying safe and prospering financially.
It's been a while since I posted an update, but I've officially graduated from the club. It's been a wild year both professionally (I officially FIRE'd last March), and financially (March/April were scary times, but the market has been on an amazing tear since).
Here's approximately where I currently stand as of today:
* MS brokerage - 1,166,000 (which includes a balanced portfolio of stocks, about 215,000 in an annuity and 60,000 in cash)
* 401K - 678,000
* Checking - 20,000
* Savings - 118,000
* CD - 100,000
TOTAL - 2,082,000
Again, I hope you all are well on your way to your goals and let's all hope that the market keeps cooperating!
Cheers,
-bee
-
Hit 1M total networth in July 2019. Currently at 1.373M which exceeds our 2020 goal of 1.35M. 2021 goal will be 1.5M and 1M invested. Our income has been severely impacted by the pandemic so we will only be able to save 65k next year so the remainder will have to come from the market.
-
We hit 1M net worth last fall. Currently 1.2 and racing to 2. I could use any tips and inspiration from this group!
-
Update:
Update:
Jan 2020: 852k
June 2020: 850k
Sept 2020: 1,057k
Dec 2020: 1,110k
2021 is supposed to be my last year working so I'm going to be tightening up a bit more to throw a bunch at the 'stache. We're technically at our FI number but I'm excited to have a little extra padding.
-
Yesterday's surge pushed me over the $1million mark! Technically I could retire today but my conservative nature has me OMYing it to build up a buffer. I am currently working on the biggest and most stressful project of my career...so we'll see how long I last. I'm hoping things at work will ease up in the new year.
-
Yesterday's surge pushed me over the $1million mark! Technically I could retire today but my conservative nature has me OMYing it to build up a buffer. I am currently working on the biggest and most stressful project of my career...so we'll see how long I last. I'm hoping things at work will ease up in the new year.
@justchristine I'm the same way! I OMYed too just to have a little more padding. I'm in a similar work position and keep telling myself I can make it to Jan 2022 to get my bonus, haha. Good luck with your project!
-
We hit 1M net worth last fall. Currently 1.2 and racing to 2. I could use any tips and inspiration from this group!
Honestly the biggest tip is patience. Once your accounts are up I. The 7 figure range, unless you have a big income, they are the ones doing the heavy lifting. Just remember to stay on target when the swing wildly, especially in a market correction they will come back.
-
Not quite in this group yet, hoping to join in early-mid 2021. But I agree with the above about patience, as much as it pains me to think I have to work for many more years. But playing around with the calculators, the stash growing via bigger investment infusion versus the magic of compounding favors the latter immensely. I could kill myself upping my investments or I could let it ride for 2-3 more years...and the latter gives me a bigger stash. I've revised my mindset from FIRE to a gradual CoastFi. I'm not doing CF now, but as I get closer to my FI number, I'll shift down to making enough to support expenses and letting the stash grow on its own.
-
Hey folks!
Dipping my toe in here, though I expect to go back and forth with market swings for a while.
2019 $826,413
2020 ~$1,009,752
Hope everybody's doing well!
-
Hello!
Just graduated from the "Race from $500K to $1M" thread this month. Happy to be here and hope to shave a significant amount of time off the race to $2M!
Re-reading the Millionaire Next Door and Millionaire Woman Next Door (i'm a girl :D) over the holiday break for inspiration to redouble my efforts and as a reminder that I can easily behave my way out of what I've accumulated if I'm not careful!
Dec 2020 - $1,004,814
-
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
It feels crazy that I'm halfway through this race already.
-
Welcome aboard @BluePhoenix75 and @rebel_quietude.
Now that you've reached this milestone, what's your next goal? Are you aiming for a number under 2M to hit the work eject button? How did you / will you celebrate this financial achievement?
-
Thanks, @TempusFugit !
For my part, retirement is not linked to FI. I'm working until 2030, so might as well ensure I have enough to do whatever I want after that.
As for rewards . . . celebrated $1 mil with significant lifestyle inflation, aka a puppy. The $2 mil mark . . . who knows!
-
Thanks, @TempusFugit !
For my part, retirement is not linked to FI. I'm working until 2030, so might as well ensure I have enough to do whatever I want after that.
As for rewards . . . celebrated $1 mil with significant lifestyle inflation, aka a puppy. The $2 mil mark . . . who knows!
A puppy is definitely lifestyle inflation! But always worth it in my experience.
If you plan to keep working and saving for another decade, you'll probably hit $3M+ by the time you retire. That's pretty much do what you want kind of money, for sure.
-
Hello.. long time reader, first time poster :)
Dipping my toe in here since LNW and TNW straddle the 1m line. LNW figure is exclusive of retirement accounts and unvested stock, inclusive of rental property equity. TNW includes retirement accounts and rental ppty equity, still excludes unvested stock. Age 39 and hope to be comfortably FI + modest home purchased & paid + college x2 paid for, by 50-55.
Ballpark EOY Liquid NW Total NW
2016 570k
2017 669k
2018 697k
2019 803k
2020 969k 1287k |
My record keeping from 2016-2018 (and before) is a bit wibbly but 2019 and 2020 figures are accurate. Happy to be here and hoping to cross the 1m LNW line very soon.
-
Just hit 1.4M TNW! Goal for 2021 is 1M LNW and 1.5TNW.
-
Excited to join this thread!
NW (approx):
5/2012: -$20k - graduated college with some debt
10/2016: $300k - married my DH and made plans to TAKE OVER THE WORLD er uh.... just FIRE ;)
12/2017: $500k - graduated the '250-500k thread'
12/2020: $1,000k - hit millionaire status this month.
Despite making a lot of "dumb" money moves in the past couple years. (I.e.: taking a job across the country, hating it, paying back the sign-on bonus, moving to Chicago for my DH jobs, having him get laid off due to the pandemic, selling our Chicago condo a year after buying it and paying closing costs to move back to MI since I got a promotion with my job ETC.). Probably could have hit a million NW a while ago but I think I realized I have enough money to just be happy and money can be used as a tool to get out of unhappy situations. My current job is 37.5 hours a week - super flexible which is really nice with having a 5 month old baby around now. Not sure if we'll make it all the way to $2m but we'll see :) happy to be here!
-
Excited to join this thread!
NW (approx):
5/2012: -$20k - graduated college with some debt
10/2016: $300k - married my DH and made plans to TAKE OVER THE WORLD er uh.... just FIRE ;)
12/2017: $500k - graduated the '250-500k thread'
12/2020: $1,000k - hit millionaire status this month.
Despite making a lot of "dumb" money moves in the past couple years. (I.e.: taking a job across the country, hating it, paying back the sign-on bonus, moving to Chicago for my DH jobs, having him get laid off due to the pandemic, selling our Chicago condo a year after buying it and paying closing costs to move back to MI since I got a promotion with my job ETC.). Probably could have hit a million NW a while ago but I think I realized I have enough money to just be happy and money can be used as a tool to get out of unhappy situations. My current job is 37.5 hours a week - super flexible which is really nice with having a 5 month old baby around now. Not sure if we'll make it all the way to $2m but we'll see :) happy to be here!
Welcome! Yup, that's what money is for!
-
July 2019: LNW (barely) crested $1.5M for the first time yesterday, TNW is very close to $1.9M.
Nov 2019: LNW has been a little over $1.6M for a week or so, with TNW at just over $2.0M.
It dawned on me that I haven't update here in a while, and I was curious to see how close I was to getting kicked out of this club.
Dec 2020: LNW is a hair below $1.95M. TNW about $2.4M.
There's a chance we'll crest $2M LNW this year, but I'm not going to pull a @BlueHouse -- I plan on sticking around a while longer to be safe, maybe until $2.2M. Even that is only one run-of-the-mill correction away from rejoining this club!
-
July 2019: LNW (barely) crested $1.5M for the first time yesterday, TNW is very close to $1.9M.
Nov 2019: LNW has been a little over $1.6M for a week or so, with TNW at just over $2.0M.
It dawned on me that I haven't update here in a while, and I was curious to see how close I was to getting kicked out of this club.
Dec 2020: LNW is a hair below $1.95M. TNW about $2.4M.
There's a chance we'll crest $2M LNW this year, but I'm not going to pull a @BlueHouse -- I plan on sticking around a while longer to be safe, maybe until $2.2M. Even that is only one run-of-the-mill correction away from rejoining this club!
You'll have to remind me. What exactly is "pulling a BlueHouse"?
If you mean leaving this club when I graduated to the next tier, then you're welcome to join us all over there. I'm firmly in the $2-$4M club now with LNW at $2.3M and another $1M equity in my home. It makes more sense for me to look forward and not back and that's why i left. Hope you won't hold it against me too much longer! :)
-
You'll have to remind me. What exactly is "pulling a BlueHouse"?
Lol, I was just referring to the timing of your announcement that you were leaving the club back when you first crested $2M LNW. IIRC the equity markets then promptly started what would become a ~30% covid plunge, presumably putting you a few hundred grand below $2M for a short while, and forcing you to rejoin the likes of us. Granted, the markets have bounced back rather snappily since then!
-
You'll have to remind me. What exactly is "pulling a BlueHouse"?
Lol, I was just referring to the timing of your announcement that you were leaving the club back when you first crested $2M LNW. IIRC the equity markets then promptly started what would become a ~30% covid plunge, presumably putting you a few hundred grand below $2M for a short while, and forcing you to rejoin the likes of us. Granted, the markets have bounced back rather snappily since then!
Yeah, sometimes I feel as if my timing is the worst in the world! But just like the "worst market timer in the world" story, luckily, it bounces back.
Don't be too shy about graduating @Bird In Hand . Always reach for the next goal and don't look back!
-
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)
Sayonara, 2020!
-
LNW / TNW
EOY 2018 - 877K / 1.02M
EOY 2019 - 1.12M / 1.275M
EOY 2020 - 1.33M / 1.5M
This year was pretty much exactly the same YoY TNW increase as last year at $250K. The dollar amount is the same, but of course the increase as a percentage dropped from 24% to 20%. Somehow I don't think I'll continue to get 20% YoY increases, but I guess we'll see. Couple more of these years (financially speaking) and I'll be sitting pretty.
My spreadsheet has four FIRE levels defined: Barebones, Lean, Comfortable, and Target (pretty fat). These are obviously subjectively named, since truly barebones would be a much lower number than I'm using. I've passed the Barebones and Lean values and am closing in on my ''comfortable" number, which was already upwardly adjusted from what I projected 3 years ago when I started to actually think about this. In fact, that originally projected number is now the one I use for 'barebones' LOL. Guess that's human nature for ya. My 'Comfortable' fire number is pretty much my average annual spend over the past 3 years plus full cost ACA silver health plan. Once I hit that number, I will consider myself truly FI, though of course I could live quite well on what I've already saved.
If my YoY LNW stash increases by the same 18ish% in 2021 that it did this year, I'll be knocking on the door of my 'Comfortable' fire number with my 'Target' Fire number not far away from that.
Point being, I guess I'd better start getting serious about whether I'm going to actually 'retire' or maybe just change careers (financially risk free) or go part time (an outside chance of that being an option) or keep working a few more years to get really rich, or something else. I had hoped and planned to start doing more outside 'fun' things this year and to expand my social circle - and I'd taken steps to do those things but then Spring happened and here I am sitting at my desk at home on the internet, wondering if 'retiring' would be good for me psychologically. Of course, 2020 makes us all think a bit differently, I imagine. I think I would be in pretty bad shape emotionally (and maybe physically) had I retired last year and found myself stuck at home with nothing to do.
Sometimes I find myself thinking about coasting from here and starting to spend more on travelling and other experiences while I'm still banking coin from a job and just letting the stash do its thing without constantly feeding it from the contributions side. This COVID experience probably has a lot of us (I should hope) reconsidering how long we are willing to postpone doing things we'd like to do. Planning to do those things only after I've hit some financial milestone and left the workforce seems shortsighted now.
I need a year or two of non-COVID life to experiment with new activities and hobbies to see if retiring is the right thing for me. Looks like (please, God) we are about to get through the COVID nightmare in the next few months and I'll have the chance to do that.
I hope all of you also had good years financially and that we can all get through these next crucial months of the virus so we can start enjoying life again with friends and family and travel and concerts. Won't that be sweet?
-
Here here @TempusFugit ! I couldn’t have said it better myself!
-
I graduated from this thread today. Even without being able to see my TSP until tomorrow but I’m at $2,003,xxx.xx today.
-
I graduated from this thread today. Even without being able to see my TSP until tomorrow but I’m at $2,003,xxx.xx today.
Congrats on becoming a "multi-millionaire"! Go check out the next thread for us and report back
-
I graduated from this thread today. Even without being able to see my TSP until tomorrow but I’m at $2,003,xxx.xx today.
Congrats on becoming a "multi-millionaire"! Go check out the next thread for us and report back
I’ve been hanging there for a while, using fuzzy math with my pension, now I don’t need fuzzy Math. This milestone is hitting me hard. I think I always knew $1M was possible if not inevitable. Even though I’ve seen that $2M was possible since I got to $1M, I’m only realizing now that I didn’t really think that far ahead.
-
Dec 2019: $1,030,547
Dec 2020: $1,355,244 (+$324,697)
Boy howdy has it been a hell of a year. Happy new year to all!
-
Happy New Year, All!
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
-
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
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: ~$810k / 1.278M
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M
7/1/20: $1.042M / 1.524M
8/1/20: $1.098M / 1.600M
9/1/20: $1.151M / 1.660M
10/1/20: $1.138M / 1.641M
11/1/20: $1.155M / 1.678M
12/1/20: $1.290M / 1.804M
1/1/21: $1.370M / 1.883M
-
(CDN$) LNW TWN
2015 YE $0.81M $1.23M
2016 YE $0.96M $1.40M
2017 YE $1.10M $1.55M
2018 YE $1.13M $1.66M
2019 YE $1.38M $1.90M
1Q2020 $1.18M $1.75M
2Q2020 $1.40M $1.95M
3Q2020 $1.49M $2.04M
4Q2020 $1.63M $2.27M
Our TNW increased $330K or 17.3% this year! It is comprised of:
- $80K in savings
- $90K increase in value of our home
- $160K market growth
Being homebodies helped us achieve a 53% of net income savings rate. Of particular note, we scaled down to being a single car family and are finding it to be working just fine.
My plan to FIRE in 2024 is becoming more and more conservative and I am quietly considering moving that date up to 2023. But I do not want to get too attached to an earlier FIRE date because I am concerned we might be in a bit of a bubble. The CAPE ratio is still so high.
I'm going to stay in this thread because these are little Canadian dollars, and our real focus is achieving $2M LNW.
Happy New Years to each of you. To a wonderful 2021!
-
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
end 2020- $1.35M
2020 ended up being another great year financially. We could have saved a bit more money but we recently ended up paying for a 16-day family rafting trip down the Grand Canyon for this coming April and also an August remote fly-in Dall Sheep hunt here in Alaska. 2021 should be very similar to 2020 and past years savings amounts. I really do need to replace my very rusted out Tacoma before the frame literally snaps in half though!
-
Time for a year-end update!
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-20 | $1,122K | $1,438K |
| Feb-20 | $1,041K | $1,360K |
| Mar-20 | $ 927K | $1,235K |
| Apr-20 | $1,025K | $1,338K |
| May-20 | $1,082K | $1,392K |
| Jun-20 | $1,109K | $1,423K |
| Jul-20 | $1,174K | $1,493K |
| Aug-20 | $1,247K | $1,563K |
| Sep-20 | $1,215K | $1,533K |
| Oct-20 | $1,197K | $1,520K |
| Nov-20 | $1,319K | $1,645K |
| Dec-20 | $1,379K | $1,708K |
LNW is up $257K since January; TNW is up $270K. That's crazy enough, but what really brings that home is that this increase is more than our combined gross household income; even the net gain (i.e., total increase in account values less our contributions) was more than our combined gross income. I can see/understand intellectually why the numbers are what they are, but darn if it doesn't feel like alien magic on a visceral level.
Onward! :)
-
I hope all of you also had good years financially and that we can all get through these next crucial months of the virus so we can start enjoying life again with friends and family and travel and concerts. Won't that be sweet?
Indeed it would, TempusFugit.
Congrats, @Fomerly known as something!
-
Planning on continuing quarterly reporting. It hasn't even been two months since we hit millionaire status but we already have another ~$80k. Amazing.
10/1/2020 - 0.96m
1/1/2021 - 1.08m
-
Quarterly Update:
July-18 $704,760.25 (+54,904)
Oct-18 $768,090.42 (+63,330)
Jan-19 $761,423.60 (-06,666)
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)
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)
JGS
-
Not a bad year.
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
-
My update for 2020. My wife is in the airline industry and had to take leave until Jan 2022. We had to take out 19K from the nest egg to cover her leave. I have had to put in a little less each month into the 401K than I would like. Still, we are doing well with just one salary. Should be able to save more when wife goes back to work. I'm 51 and wife is 46.
Nest egg investments:
December 2016 $725,000
Q4 2017 $825,000
Feb 22 2019 $970,059
April 23 2019 $1,002,103
Jun 17 2019 $994,941
Aug 30 2019 $1,012,231
Oct 28 2019 $1,052,755
Nov 26 2019 $1,085,300
Dec 27 2019 $1,111,165
Feb 12 2020 $1,144,369
Nov 13 2020 $1,153,263
Dec 04 2020 $1,204,186
Dec 31 2020 $1,228,969
-
Probably safe to start posting in this club now.
JAN 2014 - $364k
DEC 2014 - $458k
DEC 2015 - $525k
DEC 2016 - $650k
DEC 2017 - $850k
DEC 2018 - $866k
DEC 2019 - $1,208,000
DEC 2020 - $1,507,000
-
here's my 2020 Close out. given everything that's been going on, I think this was a decent year (investment wise anyway). Here's to hoping 2021 is equally as good.
| Investment Accounts |
| End Of Month | Liquid Balance | $$ I invested | total change |
| Dec 2016 | $322,818 | $30,604 | |
| Dec 2017 | $438,627 | $40,177 | $115,809 |
| Dec 2018 | $518,373 | $87,168 | $79,746 |
| Dec 2019 | $778,776 | $95,881 | $260,403 |
| Dec 2020 | $1,084,796 | $143,910 | $306,060 |
| | | | |
| Jan 2021 | $ | $ | $ |
| Feb 2021 | $ | $ | $ |
-
First post for us on this thread (previously we were here (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg2765812/#msg2765812)).
Our history so far:
- 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)
-
Old data:
| 2015 DEC | : | 252k | <- Crossed 250k |
| - | - |
| 2016 JAN | : | 260k | (+8k) |
| 2016 FEB | : | 281k | (+21k) |
| 2016 MAR | : | 285k | (+4k) |
| 2016 APR | : | 298k | (+13k) |
| 2016 MAY | : | 305k | (+7k) |
| 2016 JUN | : | 307k | (+2k) |
| 2016 JUL | : | 320k | (+13k) |
| 2016 AUG | : | 326k | (+6k) |
| 2016 SEP | : | 336k | (+10k) |
| 2016 OCT | : | 337k | (+1k) |
| 2016 NOV | : | 361k | (+24k) |
| 2016 DEC | : | 368k | (+7k) |
| - | - |
| 2017 JAN | : | 382k | (+14k) |
| 2017 FEB | : | 403k | (+21k) |
| 2017 MAR | : | 416k | (+13k) |
| 2017 APR | : | 427k | (+11k) |
| 2017 MAY | : | 436k | (+9k) |
| 2017 JUN | : | 449k | (+13k) |
| 2017 JUL | : | 464k | (+15k) |
| 2017 AUG | : | 478k | (+14k) |
| 2017 SEPT | : | 494k | (+16k) |
| 2017 OCT | : | 510k | (+16k) <- Crossed 500k |
| 2017 NOV | : | 523k | (+13k) |
| 2017 DEC | : | 534k | (+11k) |
| - | - |
| 2018 JAN | : | 558k | (+24k) |
| 2018 FEB | : | 569k | (+11k) |
| 2018 MAR | : | 560k | (-9k) |
| 2018 APR | : | 574k | (+14k/+5k) |
| 2018 MAY | : | 575k | (+1k) |
| 2018 JUNE | : | 575k | (+0k) |
| 2018 JULY | : | 599k | (+24k) |
| 2018 AUG | : | 620k | (+21k) |
| 2018 SEPT | : | 625k | (+5k) |
| 2018 OCT | : | 597k | (-28k) |
| 2018 NOV | : | 606k | (+9k/-19k) |
| 2018 DEC | : | 580k | (-26k/-45k) |
| - | - |
| 2019 JAN | : | 628k | (+48k/+3k) |
| 2019 FEB | : | 666k | (+38k) |
| 2019 MAR | : | 677k | (+11k) |
| 2019 APR | : | 706k | (+29k) |
| 2019 MAY | : | 670k | (-36k) |
| 2019 JUNE | : | 709k | (+39k/+3k) |
| 2019 JULY | : | 712k | (+3k) |
| 2019 AUG | : | 720k | (+8k) |
| 2019 SEPT | : | 725k | (+5k) |
| 2019 OCT | : | 753k | (+28k) <- Crossed 750k |
| 2019 NOV | : | 777k | (+24k) |
| 2019 DEC | : | 798k | (+21k) |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k) |
| 2015 DEC | : | 252k | |
| 2016 DEC | : | 368k | |
| 2017 DEC | : | 534k | |
| 2018 DEC | : | 580k | |
| 2019 DEC | : | 798k | |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k)<-Crossed 1m |
| 2020 SEP | : | 979k | (-23k/-23k) |
| 2020 OCT | : | 971k | (-8k/-31k) |
| 2020 NOV | : | 1.058mm | (+87k) |
| 2020 DEC | : | 1.100mm | (+42k) |
Year end reporting, up approximately 302k, which, I think, is the largest increase in any given year for us.
This is more than our combined HHI, meaning we made back every dime we spend, and paid in taxes.
If every year was like this, FIRE would be as short as 1 year away, and as long as 3. Crazy.
-
Update:
Jan 2020: 852k
June 2020: 850k
Sept 2020: 1,057k
Dec 2020: 1,110k
Jan 2021: 1,145k
Hoping to save 80k this year!
-
At 1.147M at 6/30/17. Looks like I am here to stay for a while based on projections - at least another 4.5 years. Unfortunately, I have a chunk of assets not earning a dime. Company stock payout is only at cost unless you stay beyond a certain age - no thanks.
Didn't take near as long as I projected. Made it to 2.076M at 9/30/20. Probably will drop back below at the next market correction but I'll bask in this victory for the time being.
-
At 1.147M at 6/30/17. Looks like I am here to stay for a while based on projections - at least another 4.5 years. Unfortunately, I have a chunk of assets not earning a dime. Company stock payout is only at cost unless you stay beyond a certain age - no thanks.
Didn't take near as long as I projected. Made it to 2.076M at 9/30/20. Probably will drop back below at the next market correction but I'll bask in this victory for the time being.
Congratulations! Check out the next thread for 2-4M (and beyond). They seem like a fun bunch. Speak well of us when you're hobnobbing with the other multi-millionaires : )
-
At 1.147M at 6/30/17. Looks like I am here to stay for a while based on projections - at least another 4.5 years. Unfortunately, I have a chunk of assets not earning a dime. Company stock payout is only at cost unless you stay beyond a certain age - no thanks.
Didn't take near as long as I projected. Made it to 2.076M at 9/30/20. Probably will drop back below at the next market correction but I'll bask in this victory for the time being.
Congratulations. Yes you may bop up and down over and under 2M. You have broken through another level. Enjoy the WIN. Kind of a big deal to be a multi~millionaire!
Sent from my iPad using Tapatalk
-
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
end 2020- $1.35M
2020 ended up being another great year financially. We could have saved a bit more money but we recently ended up paying for a 16-day family rafting trip down the Grand Canyon for this coming April and also an August remote fly-in Dall Sheep hunt here in Alaska. 2021 should be very similar to 2020 and past years savings amounts. I really do need to replace my very rusted out Tacoma before the frame literally snaps in half though!
Hot damn! how did you get a Dall permit? That is one of my husbands bucket list trips. Not much good hunting here in FL but we head to a buddies place in TX each year, he got a nice aoudad last year.
-
At 1.147M at 6/30/17. Looks like I am here to stay for a while based on projections - at least another 4.5 years. Unfortunately, I have a chunk of assets not earning a dime. Company stock payout is only at cost unless you stay beyond a certain age - no thanks.
Didn't take near as long as I projected. Made it to 2.076M at 9/30/20. Probably will drop back below at the next market correction but I'll bask in this victory for the time being.
Congratulations! Check out the next thread for 2-4M (and beyond). They seem like a fun bunch. Speak well of us when you're hobnobbing with the other multi-millionaires : )
Saw some of you guys moving up to the next thread. When we were crossing over I sort of cheated using a cash balance pension and non income generating property. Why a thread on the internet held so much importance to me, I don't know. The good news is you are all so close if you have 1 million in income producing assets. Whether it's stocks, a business or real estate. You now have a huge force multiplier pushing you. If you read back in this thread a few years you'll see me setting goals of 1.5 million and then FIRE. I had a change of heart, OMY, OMY, fear. I hated my job and was leaving it in 2018. Thankfully I got a much better position and work no longer sucks. Now my goal is no later than 2023. Yes I pushed my goal out 5 years. But, at this level those 5 years of work and letting my portfolio grow will generate more than all the previous years of life combined. We have already reached a level where our portfolio makes more now than our gross pay annually at our jobs. So, it's not about spending power. It's about what kind of good we can do with that money later in life. Good luck to you all and look forward to seeing you in the next thread.
-
I'm a little late to this party. We crossed $1M in invested assets last May, and now it's $1.16. If I include home equity, it's $1.45M, but I think that's based on a rather optimistic Zillow estimate. Closer to $1.4M is probably about right.
Net worth (cash + taxable brokerage + retirement investments + home equity) has gone up by $122k this year. Granted, it probably went down by $10k+ with the market falling today. But I can't be worried about that -- life goes on!
We have no specific goal/timeline for reaching $2M. We could retire now at 40-ish with ~$41k/year (96% FIRECalc success rate) if we cut our budget to the bone, but it wouldn't be pleasant, and healthcare would be a big question mark. We could retire in ~3 years after the mortgage is paid off with a $55k/year. But we like our jobs and I'll probably continue working part time indefinitely after the mortgage is gone to delay drawing down our accounts.
We've graduated to the $2M-$4M race as of Friday, with a LNW of $2.005M and TNW > $2.4M. I'm taking my own advice and sticking around here for a while though! Mr. Market is fickle.
It took ~18 years of crappy market returns to reach $1M and ~4.5 more years of good returns to reach $2M. We don't have any specific RE target, but our stache technically has us FI right now. I guess that means that if we ever RE it will likely be something close to Fat FIRE, though I guess we're also one health issue/bad manager/bear market away from something close to Lean FIRE.
-
I'm a little late to this party. We crossed $1M in invested assets last May, and now it's $1.16. If I include home equity, it's $1.45M, but I think that's based on a rather optimistic Zillow estimate. Closer to $1.4M is probably about right.
Net worth (cash + taxable brokerage + retirement investments + home equity) has gone up by $122k this year. Granted, it probably went down by $10k+ with the market falling today. But I can't be worried about that -- life goes on!
We have no specific goal/timeline for reaching $2M. We could retire now at 40-ish with ~$41k/year (96% FIRECalc success rate) if we cut our budget to the bone, but it wouldn't be pleasant, and healthcare would be a big question mark. We could retire in ~3 years after the mortgage is paid off with a $55k/year. But we like our jobs and I'll probably continue working part time indefinitely after the mortgage is gone to delay drawing down our accounts.
We've graduated to the $2M-$4M race as of Friday, with a LNW of $2.005M and TNW > $2.4M. I'm taking my own advice and sticking around here for a while though! Mr. Market is fickle.
It took ~18 years of crappy market returns to reach $1M and ~4.5 more years of good returns to reach $2M. We don't have any specific RE target, but our stache technically has us FI right now. I guess that means that if we ever RE it will likely be something close to Fat FIRE, though I guess we're also one health issue/bad manager/bear market away from something close to Lean FIRE.
Great job crossing over. There could be a 10 to 20 percent drop coming. Who knows that always happen. Thus far every single one has recovered and gone higher. Great thing is this will always be your thread regardless. Kind of like your schools that you graduate. One million, high school diploma. Two million, college degree. Two to four, masters. Four and beyond you are working on your doctorate.
-
Joining this thread after just cresting the $1 mill mark in December, with total NW!
Jan 2021 - $1.038m
Sep 2020 - $933k
Sep 2019 - $780k
Sep 2018 - $656k
Sep 2017 - $538k
Sep 2016 - $330k
Sep 2014 - $0?? (started reading MMM around then but didn't track NW for awhile, likely due to new parent brain fog)
Kind of amazing to watch it happen, despite many missteps/opportunities for improvement.
We just refinanced our mortgage to a 15 year and are looking at an upcoming major cut in child care expenses as well as increased income potential for both of us, so I'm feeling positive about our direction. Hoping to get liquid NW into the $1 mill range in 2 years, although that is an aggressive dream...
-
Total NW went over $1.5 again due to the market. Our target is $1.6 by April 2020 when we both give notice. We're almost there!
2011: $506k
2012: $594k
2013: $757k
2014: $835k
2015: $979k
2016: $1138k
2017: $1389k
2018: $1467k
Haven't updated in a while, but we ended 2020 over the $2M mark. Amazing what market gains plus a 50-60% savings rate can do over time!
2019: $1814k
2020: $2239k
-
Welcome aboard @BluePhoenix75 and @rebel_quietude.
Now that you've reached this milestone, what's your next goal? Are you aiming for a number under 2M to hit the work eject button? How did you / will you celebrate this financial achievement?
Thanks @TempusFugit!
My next goal is to get to $2M and start purchasing rental property. I'd like to build up a portfolio of investments that are going to deliver enough "passive" income to keep me in the manner to which I have become accustomed. :)
I celebrated by drinking my coffee (pinky finger extended) and calling everyone "dah-ling" for about a week. :D
-
At 1.147M at 6/30/17. Looks like I am here to stay for a while based on projections - at least another 4.5 years. Unfortunately, I have a chunk of assets not earning a dime. Company stock payout is only at cost unless you stay beyond a certain age - no thanks.
Didn't take near as long as I projected. Made it to 2.076M at 9/30/20. Probably will drop back below at the next market correction but I'll bask in this victory for the time being.
Congratulations! Check out the next thread for 2-4M (and beyond). They seem like a fun bunch. Speak well of us when you're hobnobbing with the other multi-millionaires : )
Saw some of you guys moving up to the next thread. When we were crossing over I sort of cheated using a cash balance pension and non income generating property. Why a thread on the internet held so much importance to me, I don't know. The good news is you are all so close if you have 1 million in income producing assets. Whether it's stocks, a business or real estate. You now have a huge force multiplier pushing you. If you read back in this thread a few years you'll see me setting goals of 1.5 million and then FIRE. I had a change of heart, OMY, OMY, fear. I hated my job and was leaving it in 2018. Thankfully I got a much better position and work no longer sucks. Now my goal is no later than 2023. Yes I pushed my goal out 5 years. But, at this level those 5 years of work and letting my portfolio grow will generate more than all the previous years of life combined. We have already reached a level where our portfolio makes more now than our gross pay annually at our jobs. So, it's not about spending power. It's about what kind of good we can do with that money later in life. Good luck to you all and look forward to seeing you in the next thread.
@Bateaux , I think the anonymity of the internet makes us important. You look weird when sharing with people in your everyday life that you cross these net worth milestones (I haven't even wanted to make a big deal about it with my wife). But here in this forum, we are likeminded in valuing the freedom this financial cushion can buy, so we are determined to be honest about our scores here.
-
Net worth over time with some history added. I didn't track too well before 2011 but got lucky really with a house I bought in 2010 and sold in 2019 for almost double.
2009:~50k
2010:~150k
2011: 428k
2012: 493k
2013: 563k
2014: 676k
2015: 744k
2016: 896k
2017: ~1M
2018 1.39M
2019: 1.45M
2020: 1.66M
Current liquid 1.38M/ 1.625M
Current NW: 1.66M/ 2M
I’m getting so impatient!!!!!!!!
Current liquid: 1.738M
Current NW: 2M
Did yesterday push anyone else over the edge? :D
And with that I'm out--whether I dip below again or not. I've always tried to follow my dad's advice on investing: don't get greedy. And so now I hope to think very little about money in the future.
Good luck everyone!!!
-
Sometime this past week, I crossed over. Total liquid funds of $1,000,944.69. It may have gone down a bit by Friday? I'm not interested in checking.
This includes 401k, rollover 401ks, roth, HSA, and EF. Very small EF and HSA, so nearly everything is in retirements.
I would love to think I could get to 2 million, but it seems impossible. I'm not sure how much longer I can hold on to that fire hose (maybe more of a garden hose! - I am only saving about 25% of income and I know most look to be at 50 or even greater) but trying to maintain my employment until end of pandemic and see if this crazy stock market will stabilize or pull back significantly.
Currently, I could just barely squeek by at 4% plus a side hustle I currently have that seems stable for 2021. I am 53, so holding on till 55 to access the retirements also holds appeal.
So - back to topic. Join this effort if I may pull the plug far before the 2 million?
-
Welcome to the party, @mistymoney!
You can hang out here and pull the RE plug whenever it suits you.
-
Welcome to the party, @mistymoney!
You can hang out here and pull the RE plug whenever it suits you.
+1.
Mistymoney, you're about to discover the real magic of compound interest. Even if you stop adding to your stache, it's going to keep growing. A long as you're well invested, it's just a matter of time until you hit the next million milestone. If you scroll through these "Race" threads, especialy the higher ones, you'll see the second million often takes about half the time the first one did. You've got this!
-
Thanks all! It is seeming a little surreal to me still this week. The rapid run up the past year makes it seem much more ephermeral.
Super thanking my younger self for her sacrifices. And super thankful I got the message in my hardscrabble, single mother existance to start saving - when giving up $50 a paycheck really hurt. Still not sure if I should have made those sacrifices on a family level, but they are really starting to pay off as Dicey metioned.
Not sure how long this market is going to ride the bull, but ooking forward to watching the stache grow :)
-
Update:
Jan 2020: 852k
June 2020: 850k
Sept 2020: 1,057k
Dec 2020: 1,110k
Jan 1 2021: 1,145k
Feb 1 2021: 1,173k
Got my semi annual bonus so I was able to drop a nice fat deposit in the market this morning! I also received a promotion at work to VP (they don't know I will only be working another year (12 months from today actually). I wasn't going after this promotion but it comes with another 19k in compensation so, sure, I'll take it. It's a more tedious job but I can do anything for a year.
-
Probably safe to start posting in this club now.
JAN 2014 - $364k
DEC 2014 - $458k
DEC 2015 - $525k
DEC 2016 - $650k
DEC 2017 - $850k
DEC 2018 - $866k
DEC 2019 - $1,208,000
DEC 2020 - $1,507,000
(all updates end of month)
JAN 2021 - $1,528,000
-
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)
-
We've graduated to the $2M-$4M race as of Friday, with a LNW of $2.005M and TNW > $2.4M. I'm taking my own advice and sticking around here for a while though! Mr. Market is fickle.
We've been back and forth across $2M several times this month, as expected. Currently at $1.981M, and tickled that this week's market dip came right before our scheduled retirement contributions.
-
TNW IA
Jun-05 -0.02 MM
Aug-13 0.15 MM
Sep-16 0.50 MM
Jul-19 1.02 MM
Nov-19 1.08 MM
Apr-20 1.04 MM
May-20 1.13 MM
Aug-20 1.28 MM 1.22 MM
Sept-20 1.28 MM 1.15 MM
Nov-20 1.51 MM 1.38 MM
Dec-20 1.55 MM 1.42 MM
Jan-21 1.57 MM 1.44 MM
Was briefly above 1.6 MM but the market and tax payments brought it back down.
-
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
-
with a couple of bad months now back I'm back here:
Nov 2020 - 864k$
Dec 2020 - 956k$
Jan 2021 - 1.193m$ (cash 54%, gold 8.4%, crypto 12.8%, real estate 23.7%, stock & bonds 1%)
-
^Welcome back!
-
^Welcome back!
Thank you it's good to be back
-
Finntastic- are you open to discussing your allocations more, it looks like you're pursuing some type of a barbell allocation.
-
Finntastic- are you open to discussing your allocations more, it looks like you're pursuing some type of a barbell allocation.
sure but you need to help me out as I'm not familiar with barbell allocation, for me barbell is that thing I used this morning for my work out of the day. My current allogation is still very much work in progress and the end goals is 50% real estate, 10% crypto, 10% gold, 10% stocks and 20% cash, but this is not based on any rationality at all except I'm freaking out about the direction world economy is taking and wanna cover my ass in all scenarious. Oh I should add that I also have my organic farm with offgrid house for the event of zombie apocalypse.
-
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
-
Its been a while
march 2019: 1.04m
july 2019: 1.18m
Oct 2019: 1.24m
Feb 2020: 1.42m
April 2020: 1.23m
May 2020: 1.38m
June 2020: 1.45m
July 2020: 1.507m
Sept 2020: 1.695m
Feb 2021: 1.990M
Crazy stock market
-
LNW TNW
12/2019 $0.96M $1.43M
12/2020 $1.39M $1.91M
...
01/2021 $1.43M $1.96M
02/2021 $1.45M $2,002,972.00
Just hit $2M in TNW for the first time yesterday, finally! Well, at least until the market hiccups, I expect we'll yo-yo for a while until we build up some more capital.
-
LNW TNW
12/2019 $0.96M $1.43M
12/2020 $1.39M $1.91M
...
01/2021 $1.43M $1.96M
02/2021 $1.45M $2,002,972.00
Just hit $2M in TNW for the first time yesterday, finally! Well, at least until the market hiccups, I expect we'll yo-yo for a while until we build up some more capital.
Congrats! Multi-millionaire!
-
Finntastic- are you open to discussing your allocations more, it looks like you're pursuing some type of a barbell allocation.
sure but you need to help me out as I'm not familiar with barbell allocation, for me barbell is that thing I used this morning for my work out of the day. My current allogation is still very much work in progress and the end goals is 50% real estate, 10% crypto, 10% gold, 10% stocks and 20% cash, but this is not based on any rationality at all except I'm freaking out about the direction world economy is taking and wanna cover my ass in all scenarious. Oh I should add that I also have my organic farm with offgrid house for the event of zombie apocalypse.
Your reported cash % makes it sound like you're still pretty far from this goal, perhaps you're accumulating it to buy real estate?
The idea of the "barbell" is to have mostly very low-volatility assets, but a sliver of very high-volatility, like options or--in your case--crypto. For example, Larry Swedroe advocates a tilt in the stock portion to small-cap-value.
-
2014: 512K
2015: 467K
2016: 514K
2017: 632K
2018: 697K
2019: 915K
2020: 1052K
1/21: 1153K
2/21: 1167K
-
Liquid / TNW
12/17 $391k / $911k
12/18 $485k / $1.15M
12/19 $979k / $1.54M
12/20 $1.35m / $1.93M
Should cross over the $2MM TNW threshold here soon!
-
Finntastic- are you open to discussing your allocations more, it looks like you're pursuing some type of a barbell allocation.
sure but you need to help me out as I'm not familiar with barbell allocation, for me barbell is that thing I used this morning for my work out of the day. My current allogation is still very much work in progress and the end goals is 50% real estate, 10% crypto, 10% gold, 10% stocks and 20% cash, but this is not based on any rationality at all except I'm freaking out about the direction world economy is taking and wanna cover my ass in all scenarious. Oh I should add that I also have my organic farm with offgrid house for the event of zombie apocalypse.
Your reported cash % makes it sound like you're still pretty far from this goal, perhaps you're accumulating it to buy real estate?
The idea of the "barbell" is to have mostly very low-volatility assets, but a sliver of very high-volatility, like options or--in your case--crypto. For example, Larry Swedroe advocates a tilt in the stock portion to small-cap-value.
ok got it, I have to say I haven't spent enough time to think of any strategies yet, will probably have to start studying a bit more and look perhaps some advice also here on this forum.
I'm about to invest 120k USD into real estate in my native Finland (currently I only own properties in Thailand) so that will change the % a lot during Feb. I do also want to keep significant amout of cash stacked up incase something interesting happens where I need to react quickly and have not time to liquidate my gold for example.
-
Joining my first race thread, I usually update our total net worth once a month in the first week of the month. Just about to hit my 10 year full-time working milestone this month and also just hit $1M in TNW! We have two kids, one on the way, and potentially one more in the future so our FIRE number is not nailed down at all but I estimate somewhere around $1.4M without a mortgage and $2M with our current mortgage (in our fancy and super loved house that can fit all the kids so maybe we will keep it til some fly the nest instead of downsizing at FIRE like I thought we would).
Cant find my old net worth info right now but we started 2011 after graduating with our masters degrees with negative net worth due to student loans.
Month Year - LNW/TNW
Jan 2019 - $485k/$612k
Jan 2020 - $625k/$741k
Jan 2021 - $871k/$996k
Feb 2021 hit $1M TNW!
Absolutely crazy to me! Excited to see how long it takes to get to $2M or pull the plug!
-
Hurray second comma @engineerjourney!
-
Congrats Engineer!
-
Journey to 1M and beyond with a few lessons along the way.
2012--- $198k
2013--- $256k (+58)
2014--- $332k (+76)
2015--- $445k (113
2016--- $522k (+77) (+husband!)
2017--- $655k (+133)
2018--- $690k (+35)
2019--- $898k (+208)
2020--- $1,211 (+313)
today---$1,300
In 2018, husband and I decided to push to payoff the house and up our % salary invested. I think we're at about 36% now. Which ends up being between 60 and 80k/year. We both work jobs that can have considerable overtime, so that's why the range.
I feel like net worth is really cranking now, of course partly due to good market conditions. We're in TSP and Vanguard.
I think our retirement number is 2.2 million. We're really not FIRE as I'm looking at living on 90k/year and could be 50 when I retire, so possibly 40 years to go.
I started investing in my early 20s, got a psychological bump from hosting a home group of the Dave Ramsey program in the mid 2000's. A simple excel sheet tracking monthly account balances has been a powerful tool.
Other useful tip: use a printed "fundraising thermometer" to reach goals. We did this with our house payoff and now are doing it with retirement. I might post more in a separate thread on that. It is stuck to the inside of a kitchen cabinet and when we have extra money that needs to be manually invested we talk about it, and then color in the thermometer, and move money.
This simple trick that has really improved our shared vision, kept our goals front and center, and made us more able to "see" the progress.
All these net worth figures are without the house value.
One thing I might do differently is not payoff the house. It was an emotional win, and has allowed us to invest more, faster... but IDK. It was our last revolving bill and now credit is suffering a bit.
-
If you have a paid off house, and plenty of retirement and taxable income, why would you need credit?
-
Having access to credit is always a good idea just on principle, I think.
Having good credit helps your insurance rates.
Having good credit saves you money when you use a good rewards credit card.
Having access to credit services as an 'emergency fund' for short term cash flow.
-
Having access to credit is always a good idea just on principle, I think.
Having good credit helps your insurance rates.
Having good credit saves you money when you use a good rewards credit card.
Having access to credit services as an 'emergency fund' for short term cash flow.
Errrr. You don't really need much insurance if you are rich and can afford repairs as necessary. You can float the credit card charges regardless of the APR, as you have cash to pay it anyway. Why would you need a credit card efund when you already have an efund?
-
Having access to credit is always a good idea just on principle, I think.
Having good credit helps your insurance rates.
Having good credit saves you money when you use a good rewards credit card.
Having access to credit services as an 'emergency fund' for short term cash flow.
Errrr. You don't really need much insurance if you are rich and can afford repairs as necessary. You can float the credit card charges regardless of the APR, as you have cash to pay it anyway. Why would you need a credit card efund when you already have an efund?
I dunno about the whole self insurance thing. Something like a burst water line or a fallen tree can cost you tens of thousands of dollars. I think I’m much more comfortable having insurance fo that sort of thing.
Having a good rewards card isn't about the APR but about actually reducing your spending by a few percent or getting travel deals.
As to efund, i don't generally keep thousands of dollars in cash in my checking account, and if you have an ‘e’, you probably need quick access like with a credit card.
Diffrent strokes for diffrent folks, i guess.
-
Liquid / TNW
12/17 $391k / $911k
12/18 $485k / $1.15M
12/19 $979k / $1.54M
12/20 $1.35M / $1.93M
2/21 $1.6M / $2.14M
That was fast! Thanks to the market continuing to rally and bonus season.
-
Good job, @LoanShark , you seem to be getting Loan Shark rates of return on something.
-
Good job, @LoanShark , you seem to be getting Loan Shark rates of return on something.
haha! Thanks @talltexan. Hope you're staying warm in TX (feels weird to type that)!
-
Journey to 1M and beyond with a few lessons along the way.
2012--- $198k
2013--- $256k (+58)
2014--- $332k (+76)
2015--- $445k (113
2016--- $522k (+77) (+husband!)
2017--- $655k (+133)
2018--- $690k (+35)
2019--- $898k (+208)
2020--- $1,211 (+313)
today---$1,300
In 2018, husband and I decided to push to payoff the house and up our % salary invested. I think we're at about 36% now. Which ends up being between 60 and 80k/year. We both work jobs that can have considerable overtime, so that's why the range.
I feel like net worth is really cranking now, of course partly due to good market conditions. We're in TSP and Vanguard.
I think our retirement number is 2.2 million. We're really not FIRE as I'm looking at living on 90k/year and could be 50 when I retire, so possibly 40 years to go.
I started investing in my early 20s, got a psychological bump from hosting a home group of the Dave Ramsey program in the mid 2000's. A simple excel sheet tracking monthly account balances has been a powerful tool.
Other useful tip: use a printed "fundraising thermometer" to reach goals. We did this with our house payoff and now are doing it with retirement. I might post more in a separate thread on that. It is stuck to the inside of a kitchen cabinet and when we have extra money that needs to be manually invested we talk about it, and then color in the thermometer, and move money.
This simple trick that has really improved our shared vision, kept our goals front and center, and made us more able to "see" the progress.
All these net worth figures are without the house value.
One thing I might do differently is not payoff the house. It was an emotional win, and has allowed us to invest more, faster... but IDK. It was our last revolving bill and now credit is suffering a bit.
Love this story! Way to go, @catbend and welcome!
-
Having access to credit is always a good idea just on principle, I think.
Having good credit helps your insurance rates.
Having good credit saves you money when you use a good rewards credit card.
Having access to credit services as an 'emergency fund' for short term cash flow.
Errrr. You don't really need much insurance if you are rich and can afford repairs as necessary. You can float the credit card charges regardless of the APR, as you have cash to pay it anyway. Why would you need a credit card efund when you already have an efund?
I dunno about the whole self insurance thing. Something like a burst water line or a fallen tree can cost you tens of thousands of dollars. I think I’m much more comfortable having insurance fo that sort of thing.
Having a good rewards card isn't about the APR but about actually reducing your spending by a few percent or getting travel deals.
As to efund, i don't generally keep thousands of dollars in cash in my checking account, and if you have an ‘e’, you probably need quick access like with a credit card.
Diffrent strokes for diffrent folks, i guess.
Having access to temporary or emergency cash can have an opportunity cost involved. Even I, who had paid off his home and had been debt free for years, found myself in a situation with a growing business that often needed large amounts of cash for small periods of time so it was nice to get a large line of credit at a good rate to be available when needed. I didn't want to be selling stock every time that happened, nor did I want the cash sitting around not invested for the 2% of the time it was needed. At certain levels having cash sitting around for true emergencies (i.e. you probably will not ever use it) when you'd rather be fully invested can be a lot more costly than even paying some interest at times. As I started approaching RE I built up a lot more cash per my allocation wishes and so I doubt getting credit matters to me now, but it did for a lot longer than I would have thought.
-
Hit $1M on 8/9/18
12/31/18 $932K
12/31/19 $1.265
12/31/20 $1.606
As of 2/22/21, at $1.705
Attempting to attach a graph. Wish I knew how to put it in line.
-
Wow! Thanks for warm welcome and all the interesting chat. Here are a few thoughts.
@JGS1980 @TempusFugit All good thoughts you offer about self-insuring, major (10k and larger) bills, and of course different strokes for different folks.
For our personal situation we keep 10k in cash in the bank in checking. Riddle me that one batman, its a very small percentage of our nest egg, and while there are opportunity costs ($120/year I think), it's the tolerable level of peace of mind that myself and husband have agreed to. Financial vision is one thing we both think we do well and this was one big agreement that has helped us be comfortable, wise, and aggressive when it made sense.
@Much Fishing to Do agreed! there are other reasons, many and varied why you might want good credit.
For us, we anticipate buying another house and moving at least once if not twice more and we anticipate taking out a loan to do it.
Of course depending on market rates and our personal situation and timing. I also like the power that my emergency, we like to call it opportunity, fund affords.
@on the road thank you! We're pretty excited. Also I'm jazzed to find this community where I can finally talk about finances.
one thing I'm pledging to do is invite conversation with new employees at my company when I meet them for that first handshake (or COIVD appropriate introduction).
I want to say, welcome, great to met you are you investing your money? do you want to talk about it? stop by my cubicle/office/penthouse anytime. ;)
I'm interested, has anyone done a comparison of the rate of accumulation for this group?
e.g. what's the average time to get to 2M? I know, I know, so varied all the factors.
I'm on the cusp of doing a bunch of crazy number crunching... has that been done?
Cheers all, ~catbend
-
It probably varies depending on whether you're still in accumulation phase or already retired. I'm guessing six years would be pretty average, but the data would be lumpy because we're all owning a lot of $VTI or $SPY.
-
I'm interested, has anyone done a comparison of the rate of accumulation for this group?
e.g. what's the average time to get to 2M? I know, I know, so varied all the factors.
I'm on the cusp of doing a bunch of crazy number crunching... has that been done?
I'm curious about this, too. I assume you are asking how long to get from $1M to $2M. I am expecting for it to be 3.5-4 years for us. We are adding about $96K/year to our stash, and it took us 2.5 years to get from $1M to $1.7M. So if the market behaves like it has the last couple years, we need maybe another year or year and a half.
-
Paul Merriman has some simulations on his website suggesting that near-retirees can double their nest eggs by waiting five years. He doesn't target mustachian-level-savers, but I tend to believe five years to double $1,000,000 is in line with this.
-
That just means MMM'ers can do it in half the time!
-
Probably safe to start posting in this club now.
JAN 2014 - $364k
DEC 2014 - $458k
DEC 2015 - $525k
DEC 2016 - $650k
DEC 2017 - $850k
DEC 2018 - $866k
DEC 2019 - $1,208,000
DEC 2020 - $1,507,000
(all updates end of month)
JAN 2021 - $1,528,000
Feb 2021 - $1,584,000
-
Liquid NW / Total NW
1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
1/1/20: $1.049M / 1.531M
4/1/20: ~$810k / 1.278M
7/1/20: $1.042M / 1.524M
10/1/20: $1.138M / 1.641M
1/1/21: $1.370M / 1.883M
2/1/21: $1.392M / 1.914M
3/1/21: $1.451M / 1.973M
Took a serious end-of-the-month bath. Still a great month overall. We're in the process of buying a second house (that will become our only house later this year), so my numbers are going to get very wonky. Not too long thereafter, we'll find out how accurate the Redfin projections are of our house value.
-
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)
-
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
-
Nov 2020 - 864k$
Dec 2020 - 956k$
Jan 2021 - 1.19m$
Feb 2021 - 1.23m$
875 Days to FIRE (my 1,000 days challenge)
- Gold down -6k$
- Stocks down -0.15k$
- Invested more on real estate (bought apartment in Finland and found tenant 3 days later)
- Crypto's up by +42k$
-
Update:
Jan 2020: 852k
June 2020: 850k
Sept 2020: 1,057k
Dec 2020: 1,110k
Jan 1 2021: 1,145k
Feb 1 2021: 1,173k
Mar 1 2021: 1,204K
Had a plot twist in that I quit my job, starting a new job in 2 weeks. It's the same total comp but more heavily weighted toward salary which means stacking goes faster! Woo! It will take me through to my latest FIRE date which is 2/22. If I happen to really love it I may stay longer but not likely.
-
LNW TNW
12/2019 $0.96M $1.43M
12/2020 $1.39M $1.91M
...
01/2021 $1.43M $1.96M +$44,126
02/2021 $1.45M $2.00M +$41,823
03/2021 $1.50M $2.05M +$53,469
-
Time for another update!
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
| Jan-20 | $1,122K | $1,438K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-21 | $1,391K | $1,721K |
| Feb-21 | $1,401K | $1,730K |
Awwww, man, if those last couple days of February hadn't happened, that end-of-month number would have been much nicer. ;-)
My question of the day: our household will be dipping in to its sinking fund for some extensive home repairs and landscaping triage (replacing some window sash kits, having some diseased trees taken down) this month, which will require an outlay of roughly $14K. I say "sinking fund"--but really it's just a kind of cash slush fund, where anything left in the budget beyond our spending and pre- and post-tax retirement savings goes. Putting this in my spending graph and including that $14K in our 12-month rolling average spend will really make my graph look weird for the next 12 months, but then I guess this kind of event is in fact something that needs to be planned for in a yearly spending plan.
One thought I had is that it's time to move from a 12-month average spend as a basis for a target, and over to expected post-FIRE spending. 12-month average is great when you're more at the beginning of tracking spend vs stash, but once you get close to the end of the accumulation phase it's not as effective a tool.
What are your thoughts? Should that kind of event be recorded in monthly spending? Is 12-month rolling average spend the best target when approaching FIRE?
Onward! :)
-
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
-
Just crossed over $500k for the stache this past month, so I'll jump in on the race.
Started tracking:
Jan 16: $181.2k
Feb 19: $532.8k
Update to April 1st. $546.25k
Update to October 1st: $620.15k
Feb 1. 20: $710.5k
March 1 20: $685.7k
Apr 1 20: $605.9k
May 1 20: $693.4k
June 1 20: $724.5k
Back up for the year (of course this counts a decent chunk of contributions too).
Aug 1 20: $789.1k
Dec 1 20: $969.9k
Jan 1 21: $996k
4k to go! I have a stock grant that vests in March that's worth approximately $20k, but I refuse to count that until it actually vests :)
I started at $181k 5 years ago. Crazy how far you can come when you actually focus on something.
Jumping over from the $500k to 1 Million thread.
Just updated our numbers for March 1st and we are sitting at $1,082k in investments. Was hoping for $1,150k by EOY. So far on a good track.
-
Jan 1 21: $996k
4k to go! I have a stock grant that vests in March that's worth approximately $20k, but I refuse to count that until it actually vests :)
I started at $181k 5 years ago. Crazy how far you can come when you actually focus on something.
Jumping over from the $500k to 1 Million thread.
Just updated our numbers for March 1st and we are sitting at $1,082k in investments. Was hoping for $1,150k by EOY. So far on a good track.
Congratulations and welcome!
-
We just passed $1.4M in TNW. This is at a little less than 21 months after we hit $1M.
Our progress is faster than I expected!
-
Sometime this past week, I crossed over. Total liquid funds of $1,000,944.69. It may have gone down a bit by Friday? I'm not interested in checking.
This includes 401k, rollover 401ks, roth, HSA, and EF. Very small EF and HSA, so nearly everything is in retirements.
I would love to think I could get to 2 million, but it seems impossible. I'm not sure how much longer I can hold on to that fire hose (maybe more of a garden hose! - I am only saving about 25% of income and I know most look to be at 50 or even greater) but trying to maintain my employment until end of pandemic and see if this crazy stock market will stabilize or pull back significantly.
Currently, I could just barely squeek by at 4% plus a side hustle I currently have that seems stable for 2021. I am 53, so holding on till 55 to access the retirements also holds appeal.
So - back to topic. Join this effort if I may pull the plug far before the 2 million?
ah well! down to 960,383.89.
-
We have a new VP of Finance (that's basically his job . . . not really sure that is his title.)
First thing he did when he came on board was stop all company retirement contributions for a year "because COVID." Now I've heard through the grapevine that they are going to reinstate them at the end of the one year time period, which is what they said they will do if COVID is slowing down (which it is . . . we are back to normal operations.) But, then his plan is to cut the benefit of company match on 401k IN HALF. That's the rumor mill, from a reliable source.
This is going to slow my race to $2MM, and there are not enough words for the disgust I have for this overpaid elitest entitled asshole who thinks the little people are getting too much put towards their retirement. (There is a separate retirement program for the "big" people.)
-
My log of incremental progress starts:
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
Highwater mark: Feb 17 2021 - 1.123M Total, 1.091M Stache
-
We have a new VP of Finance (that's basically his job . . . not really sure that is his title.)
First thing he did when he came on board was stop all company retirement contributions for a year "because COVID." Now I've heard through the grapevine that they are going to reinstate them at the end of the one year time period, which is what they said they will do if COVID is slowing down (which it is . . . we are back to normal operations.) But, then his plan is to cut the benefit of company match on 401k IN HALF. That's the rumor mill, from a reliable source.
This is going to slow my race to $2MM, and there are not enough words for the disgust I have for this overpaid elitest entitled asshole who thinks the little people are getting too much put towards their retirement. (There is a separate retirement program for the "big" people.)
Any chance a bunch of folks will vote on this guy with their feet?
-
Update:
Jan 2020: 852k
June 2020: 850k
Sept 2020: 1,057k
Dec 2020: 1,110k
Jan 1 2021: 1,145k
Feb 1 2021: 1,173k
Mar 1 2021: 1,204K
-
So I thought that I wouldn’t graduate from this club before retirement, but my work 401(k), which represents about 55%of my retirement savings, added a second comma today. Another stock market year like the recent ones and I’ll be out of here.
-
$1.7m this week 👍
And a big work bonus to come next week, woo hoo!
-
$1.3 this week... going even faster than I expected!
-
$1.7m this week 👍
And a big work bonus to come next week, woo hoo!
Adding my most recent work bonus to that would make it $1.708 million.
You may depend on a larger bonus structure than I do!
-
Total Net Worth (in thousands)
April 2021 = $1,004
-
Total Net Worth (in thousands)
April 2021 = $1,004
Welcome!
-
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
Averaging a 32.5k increase in NW per month over the last four months. At any earlier time in my life that would have felt like an unbelievably rapid increase. It's amazing how quickly things begin to feel normal.
-
Somehow I've missed the whole "Throw Down the Gauntlet" forum during my time on MMM. We joined this particular race last year.
| Date | Investments+Cash |
| July 1, 2020 | $836,180 |
| October 1, 2020 | $1,051,183 |
| January 1, 2021 | $1,199,184 |
We're due for a quarterly tally tomorrow. And I don't really anticipate us racing to (or even reaching) 2M. I'm still working FT, but DW isn't, and I plan to join her in the next year or so.
-
Total Net Worth (in thousands)
April 2021 = $1,004
Welcome aboard!
If you left your car with the valet, that was a scam.
-
Joining in!
LNW / TNW
4/1/21 1,004 / 1,673
-
Dec 2019: $1,030,547
Dec 2020: $1,355,244 (+$324,697)
Mar 2021: 1,455,964 (+$100,720)
Well, that's a pretty huge increase in 3 months...
-
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
-
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
-
Somehow I've missed the whole "Throw Down the Gauntlet" forum during my time on MMM. We joined this particular race last year.
| Date | Investments+Cash |
| July 1, 2020 | $836,180 |
| October 1, 2020 | $1,051,183 |
| January 1, 2021 | $1,199,184 |
We're due for a quarterly tally tomorrow. And I don't really anticipate us racing to (or even reaching) 2M. I'm still working FT, but DW isn't, and I plan to join her in the next year or so.
April 1, 2021: $1,270,858
It's funny -- I was always a set it and forget it kind of investor, but I'm increasingly excited to do these quarterly totals. I find myself doing it monthly, for no good reason. :)
-
Slowly cranking along here in snowy AK. Getting to the point where my contributions seems to be dwarfed by the market gains.
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.
-
(CDN$) LNW TWN
2015 YE $0.81M $1.23M
2016 YE $0.96M $1.40M
2017 YE $1.10M $1.55M
2018 YE $1.13M $1.66M
2019 YE $1.38M $1.90M
2020 YE $1.63M $2.27M
1Q2021 $1.70M $2.34M (+$70K in the quarter)
Another solid quarter in the books. Getting closer and closer to our FIRE number of $2.1M CDN LNW.
-
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
Solid quarter. Let's have 3 more like it and I'll be thrilled. I actually suspect, as most do, that we're going to be in some boom times shortly, as the economy ramps up with end of lockdowns and all the helicopter money from the government. I think that last bill was horrible policy that we will pay for down the road, but in the short term I think it bodes well for the stock market.
I wish I had any idea what the heck to do with my bond allocation, as it seems like most folks are predicting bad performance for all the traditionally 'safer' investment vehicles, whether they be bonds, cash, or REITs.
-
2014: 512K
2015: 467K (paid off primary)
2016: 514K
2017: 632K (quit the full time job)
2018: 697K
2019: 915K (+180K in a penny stock gamble)
2020: 1052K
1/21: 1.14M
2/21: 1.16M
3/21: 1.17M
4/21: 1.25M (March was a good month)
-
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
Big changes this month: we purchased a second house, so a bigger chunk of our net worth is illiquid (plus we took a hit on transaction costs on the way I'm marking the house equity to market). Planning to move to that house and sell the current one, but we'll have at least 4 months of owning two houses! Doing my best not to think about how much carrying these houses is costing me; with the housing market as crazy as it is I think it was the right decision to scope out and purchase our new house early.
I definitely didn't realize it until now - our liquid assets almost absorbed the loss of ~$90k on down payment and closing costs we put into the new house with the growth this month. Crazy.
-
Nov 2020 - 864k$
Dec 2020 - 956k$
Jan 2021 - 1.19m$
Feb 2021 - 1.23m$
Mar 2021 - 1.28m$ *
*mainly up thanks to crypto's
843 Days to FIRE (my 1,000 days challenge)
[/quote]
-
Numbers keep going up...
10/1/2020 - 0.96m
1/1/2021 - 1.08m
4/1/2021 - 1.17m
-
Numbers keep going up...
10/1/2020 - 0.96m
1/1/2021 - 1.08m
4/1/2021 - 1.17m
That curve is showing the compound interest kicking in -> NICE!
-
Quarterly Update:
July-18 $704,760.25 (+54,904)
Oct-18 $768,090.42 (+63,330)
Jan-19 $761,423.60 (-06,666)
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)
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)
April-21 $1,594,119 (+125,254)
JGS
-
LNW TNW
12/2019 $0.96M $1.43M
12/2020 $1.39M $1.91M
...
01/2021 $1.43M $1.96M +$44,126
02/2021 $1.45M $2.00M +$41,823
03/2021 $1.50M $2.05M +$53,469
04/2021 $1.48M $2.049M -$12,465 (Due to major home project costs and taxes of nearly $50k)
-
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
Highwater mark: Apr 02 2021 - 1.139M Total, 1.099M Stache
Keep waiting for the other shoe to drop with the market, but that increasingly gentle (in relative terms) upward pressure from still accumulating helps a little too.
-
All#s do not include home value or kids college funds
Update:
Jan 2020: 852k
June 2020: 850k
Sept 2020: 1,057k
Dec 2020: 1,110k
Jan 1 2021: 1,145k
Feb 1 2021: 1,173k
March 1, 2021: 1,200k
April 1, 2021: 1,268k
*update on 2021 saving goal of 80k— as of April 1, have saved 45k! Woo!
-
2019 $826,413
2020 $1,019,917
I usually update these things at 100k milestones. I'm used to significantly more time between 100k milestones . . .
As of this morning: $1,100, 966
-
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
Can we hit $2M by year end?! I sure hope we can!
If we do, will I stop working? No, not yet. I kinda want to but I kinda don't.
Here's what we put away each year:
19.5K 401K
18.0K 403B
18.0K 457B
12.0K IRA (part traditional, part Roth)
15.8K taxable investments
-----------
83.3K total
we also get employer matches of 13.3K, bringing our total savings to $96.6K. So I need market gains to kick in ~$300K plus during the year.
-
Time for another update!
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
| Jan-20 | $1,122K | $1,438K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-21 | $1,391K | $1,721K |
| Feb-21 | $1,401K | $1,730K |
| Mar-21 | $1,440K | $1,775K |
How does $40K appear from nowhere in the space of 30 days? So strange.
Onward! :)
-
Joining the group here. We entered the year at $1.1MM. Myself 32 and wife 34 in a HCOL city with one kid. The invested stash is 0.95MM, rest is home equity. Our income is pretty lumpy due to meaningful component coming in the form of a YE bonus. I'm DCAing the bonus but wishing I had dumped it all in when I received it at beginning of January. I figure it will take 3-4 years to get to the 2MM mark.
History:
1/2015: 0.42 MM
1/2016: 0.56 MM
1/2017: 0.84 MM
1/2018: 0.95 MM
1/2019: 1.10 MM
Update
1/2020: 1.47 MM
1/2021: 1.85 MM
4/2021: 2.00 MM
Surprisingly, the progress from $1MM to $2MM went faster than expected. I will be 35 this year and am thrilled with our progress. Each milestone motivates me even more.
It basically took ~3 years to double from $500k to $1MM, and less than 3 years to double again to $2MM. I'd be shocked if the bull market will assist in making it double again in another 3 years, but we'll do our part on the savings side!
TBH - I don't post here a lot but do lurk often, these types of threads keep me motivated to "graduate" to the next challenge.
-
Joining the group here. We entered the year at $1.1MM. Myself 32 and wife 34 in a HCOL city with one kid. The invested stash is 0.95MM, rest is home equity. Our income is pretty lumpy due to meaningful component coming in the form of a YE bonus. I'm DCAing the bonus but wishing I had dumped it all in when I received it at beginning of January. I figure it will take 3-4 years to get to the 2MM mark.
History:
1/2015: 0.42 MM
1/2016: 0.56 MM
1/2017: 0.84 MM
1/2018: 0.95 MM
1/2019: 1.10 MM
Update
1/2020: 1.47 MM
1/2021: 1.85 MM
4/2021: 2.00 MM
Surprisingly, the progress from $1MM to $2MM went faster than expected. I will be 35 this year and am thrilled with our progress. Each milestone motivates me even more.
It basically took ~3 years to double from $500k to $1MM, and less than 3 years to double again to $2MM. I'd be shocked if the bull market will assist in making it double again in another 3 years, but we'll do our part on the savings side!
TBH - I don't post here a lot but do lurk often, these types of threads keep me motivated to "graduate" to the next challenge.
Way to go Ted! That's a hotshot progression there.
-
Joining the group here. We entered the year at $1.1MM. Myself 32 and wife 34 in a HCOL city with one kid. The invested stash is 0.95MM, rest is home equity. Our income is pretty lumpy due to meaningful component coming in the form of a YE bonus. I'm DCAing the bonus but wishing I had dumped it all in when I received it at beginning of January. I figure it will take 3-4 years to get to the 2MM mark.
History:
1/2015: 0.42 MM
1/2016: 0.56 MM
1/2017: 0.84 MM
1/2018: 0.95 MM
1/2019: 1.10 MM
Update
1/2020: 1.47 MM
1/2021: 1.85 MM
4/2021: 2.00 MM
Surprisingly, the progress from $1MM to $2MM went faster than expected. I will be 35 this year and am thrilled with our progress. Each milestone motivates me even more.
It basically took ~3 years to double from $500k to $1MM, and less than 3 years to double again to $2MM. I'd be shocked if the bull market will assist in making it double again in another 3 years, but we'll do our part on the savings side!
TBH - I don't post here a lot but do lurk often, these types of threads keep me motivated to "graduate" to the next challenge.
Congrats on the graduation from our humble thread!
-
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
$25k from March 2021 was cash from a cash out refi, this only counts our retirement, investments, and cash. So 529s and home equity are considered separate.
-
march 2019: 1.04m
july 2019: 1.18m
Oct 2019: 1.24m
Feb 2020: 1.42m
April 2020: 1.23m
May 2020: 1.38m
June 2020: 1.45m
July 2020: 1.507m
Sept 2020: 1.695m
Feb 2021: 1.990M
Apr 2021: 2.164m
-
Congratulations, @winkleweizen - What’s next?
-
Hit a million investable assets Jan 7 or 8 this year. Currently at 1.089 million.
I'm retired so I am taking out and not adding. I retired April 2017 at age 51 with 625k investable assets.
-
Hit a million investable assets Jan 7 or 8 this year. Currently at 1.089 million.
I'm retired so I am taking out and not adding. I retired April 2017 at age 51 with 625k investable assets.
Welcome @Digger1000! I just hit $1M invested last month and joined the thread as well. Similar story -- DH and I FIREd in January of 2019 at 51, on a combined $750k in investable assets. We're keeping our spend modest (under 40k per year, family of 4) and it's been amazing watching the stash grow even though we're not contributing anything. I read another post you did, and your spending levels are badass -- well done.
-
Very nice and impressive.
-
Hit a million investable assets Jan 7 or 8 this year. Currently at 1.089 million.
I'm retired so I am taking out and not adding. I retired April 2017 at age 51 with 625k investable assets.
Welcome @Digger1000! I just hit $1M invested last month and joined the thread as well. Similar story -- DH and I FIREd in January of 2019 at 51, on a combined $750k in investable assets. We're keeping our spend modest (under 40k per year, family of 4) and it's been amazing watching the stash grow even though we're not contributing anything. I read another post you did, and your spending levels are badass -- well done.
Reading about the two of you is really inspiring. I'm 44, and we've got investable assets of $1.2 million. I *think* that's enough, but I want to track our spending for a year to be sure. We just moved from the US to Canada, so I want to make sure it's comparable. Seeing messages like yours is reassuring. Thanks!
-
Recently passed the 1 million mark and graduated the last thread. It took exactly 3 years to double from 500k to 1 million. I am married and we both still work. We are at the point where we could sell our house in Seattle and retire to a lower COL area, but plan to keep working for a few more years yet.
April 2021: 1.03 Million
Glad to be here :).
-
I hit 1.1 million at todays close. I always wanted to be able to say 1.something million. I'll enjoy it for a day.
A million isnt very much to me. When I was a kid 200k was equal to what a million is today.
-
Welcome @Rife from another newbie!
-
Haven't been consistent at posting progress, so rather than doing regular intervals, I'll just note when I hit certain milestones:
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
-
Haven't been consistent at posting progress, so rather than doing regular intervals, I'll just note when I hit certain milestones:
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
We seem to be on a similar trajectory. I don’t check that often either but your first and last data points are the same as mine :)
-
$1.7m this week 👍
And a big work bonus to come next week, woo hoo!
Adding my most recent work bonus to that would make it $1.708 million.
You may depend on a larger bonus structure than I do!
Mine was slightly larger, and the tax that was taken out of it made me go OUCH!
For almost 9 years on this forum I’ve been stunned at how quickly the stash is accumulating. And it’s accelerating faster than I ever thought it would now.
$1.75m earlier this week!
Only $250k to $2m.... that’s about a years worth of growth to go. Mind blowing.
-
I was fortunate enough to finally hit this milestone. Feel confident that I am enough over that it will stick.
-
I was fortunate enough to finally hit this milestone. Feel confident that I am enough over that it will stick.
Welcome aboard! We've been gaining folks on one side and graduating them out the other at a pretty fair clip this year.
-
I was fortunate enough to finally hit this milestone. Feel confident that I am enough over that it will stick.
Welcome aboard! We've been gaining folks on one side and graduating them out the other at a pretty fair clip this year.
Thank you! The markets have been good to me. I haven't even been putting new money in and have even sold off some company stock for a large purchase. It feels great.
-
Excited to join this thread!
NW (approx):
5/2012: -$20k - graduated college with some debt
10/2016: $300k - married my DH and made plans to TAKE OVER THE WORLD er uh.... just FIRE ;)
12/2017: $500k - graduated the '250-500k thread'
12/2020: $1,000k - hit millionaire status this month.
Trying to remember to updated quarterly:
Q121: $1,045k
-
Just hit 1M in investments and 1.5M total networth!
-
Total Net Worth (in thousands)
April 2021 = $1,004
May 2021 = $1,070
-
Joining. At 7 figures by the skin of my teeth.
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k
4/22/21: 968k
4/30/21: 1000k
-
wow - doubled your money in about a year. Congratulations!
-
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
I doubt I'll ever have a better 12 month NW increase then I have from April '20 to April '21.
-
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
Money seems like it's leaking out of every orifice to fix up - and own - our two houses (one to live in, one to prep for sale). Market continues to give back, though; it's mostly been a matter of managing our cash flow and taxes.
-
Nov 2020 - 864k$
Dec 2020 - 956k$
Jan 2021 - 1.19m$
Feb 2021 - 1.23m$
Mar 2021 - 1.28m$
Apr 2021 - 1.35m$*
*mainly up thanks to crypto's
814 Days to FIRE (my 1,000 days challenge)
-
Another great month. Stash is growing even though we're FIREd and doing a massive house reno. Crazy!
LNW / TNW
4/1/21 $1,004 / $1,673
5/1/21 $1,027 / $1,737
-
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
-
Monthly update:
All numbers exclude house value and 529 accounts
Jan 1 2021: 1,145k
Feb 1 2021: 1,173k
March 1, 2021: 1,200k
April 1, 2021: 1,268k
May 1, 2020: 1,328k
We’re now just over the point where I can FIRE (hubs wants to work for another 7 years). So, I will likely bounce sometime this summer. I’m now just working to top up our charity fund and vacation fund.
-
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
Highwater mark: Apr 27 2021 - 1.181M Total, 1.139M Stache
Starting coast-FIRE Monday - should still be enough income to invest some, but will be lower on the new-money front than we've become accustomed to.
-
I guess I'm graduating from this thread, less than three years after joining it. Not that I've done much more than lurk. I guess the first million really is the hard one. Didn't really think I'd get to this point, but life is full of surprises. Nice when they're good surprises.
Best of luck to everybody here, though if you're here I'd hardly say you need it.
-
Bought wife a car so my number will likely go down next month. 13 down financed 12.
-
Total Net Worth (in thousands)
April 2021 = $1,004
@OurTown , I saw your post announcing you've joined the double-comma club, and I saw your profile picture, which reminded me of LittleFinger's excellent "The Climb is all there is" speech from season III of "Game of Thrones".
-
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
1.2 million was my earlier goal. But it now seems like I'm moving the goal post.
-
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
1.2 million was my earlier goal. But it now seems like I'm moving the goal post.
Lol funny how that happens, isn't it? 2 years ago I was thinking 1.5M would be just about right, and now that Im basically there, I can’t believe how I ever thought that would be enough!
-
I started tracking finances in Quicken in 1998. Lowest net worth was a few years later at around -$20,000 when I added in student loans. First became eligible to join this club late 2016. Today is the first day showing over $2,000,000. Although normal fluctuations are likely to bounce me below this milestone several times, I'm going to call it today and say that I have graduated out of this club.
-
I started tracking finances in Quicken in 1998. Lowest net worth was a few years later at around -$20,000 when I added in student loans. First became eligible to join this club late 2016. Today is the first day showing over $2,000,000. Although normal fluctuations are likely to bounce me below this milestone several times, I'm going to call it today and say that I have graduated out of this club.
Congratulations! Quite an achievement
-
The markets have been good to me and I'm in this group now too! Can't believe it.
Invested Assets: 1,200K
Total Net Worth: 2,000K (with paid for house)
-
I started tracking finances in Quicken in 1998. Lowest net worth was a few years later at around -$20,000 when I added in student loans. First became eligible to join this club late 2016. Today is the first day showing over $2,000,000. Although normal fluctuations are likely to bounce me below this milestone several times, I'm going to call it today and say that I have graduated out of this club.
Congratulations! Quite an achievement
Thanks! But it doesn’t really feel like I have done much to earn it. My progress through this race was fueled by about 20% automated savings and 80% S&P500 index funds.
-
1.2 million was my earlier goal. But it now seems like I'm moving the goal post.
Lol funny how that happens, isn't it? 2 years ago I was thinking 1.5M would be just about right, and now that Im basically there, I can’t believe how I ever thought that would be enough!
I'm sure moving the goal is a common experience for folks in this club. In so many ways I'm not ready or wanting to retire. Money's a part of it.
-
| | 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 | - | - |
| June | $258,642 | $321,529 | $377,807 | $490,951 | $590,577 | $731,170 | $777,705 | - | - |
| July | $276,381 | $320,767 | $414,764 | $503,706 | $601,024 | $721,753 | $819,352 | - | - |
| 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 | - | - |
Barry Manilow playing in the background. "Looks like we made it........."
Hope it sticks.
-
Congratulations and that is some impressive tablizing!
-
Total Net Worth (in thousands)
April 2021 = $1,004
@OurTown , I saw your post announcing you've joined the double-comma club, and I saw your profile picture, which reminded me of LittleFinger's excellent "The Climb is all there is" speech from season III of "Game of Thrones".
Ironically we are rewatching the series and we just saw that episode again.
-
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
-
This is one of my favorite threads. Congratulations to all the recent graduates and to the new members taking their place.
-
This is one of my favorite threads. Congratulations to all the recent graduates and to the new members taking their place.
Agreed, it is amazing to see folks hit the two comma club, to grow up in it so quickly, and to move on to a stash growing bigger and faster than they ever imagined.
What a time to be alive! What a place that we can celebrate such cool things.
-
Little update - I'm now up over $200k since the start of the year to $1,795,000.
Had tenants move out of one of my IP's this month, three weeks of vacancy so there'll be a little bit of a dent in the cash flow this month. But the new tenants who signed today will be paying $820 a week, so there's a nice little future $20 a week "pay rise".
Was able to go in and have good look at the property for the first time too... it needs a good renovation (carpets, paint, walls, kitchen... basically everything except the bathrooms), so that'll be the next thing to tackle if/when this new tenancy comes to an end. If I do it up well (for say $50k) is should add a good 150-200k to the valuation, and increase the rent potential to over $1000 a week.
Race to $2m feels like it's entering a final downhill stretch now :)
-
Total Net Worth (in thousands)
April 2021 = $1,004
May 2021 = $1,070
June 2021 = $1,054
-
Back to being the poorest guy in the thread.
Nope, that would be me! Wasn't planning to make it here so soon, but with the recent market gains, I've somehow stumbled my way over here (at least until a correction comes along)!
1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)
Picking up some steam! I've heard the second million is easier, but wow. Ten years ago, I had a negative net worth.
12/2018 - $966,365
12/2019 - $1,288,725
12/2020 - $1,616,389
5/2021 - $1,888,603
-
Still hanging on by my fingernails.
LNW / TNW
4/1/21 $1,004 / $1,673
5/1/21 $1,027 / $1,737
6/1/21 $1,030 / $1,741
-
Happy too see all the new millionaires and those hitting their second. Keep charging to your goals. If that goal is met, congratulations.
-
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k
4/22/21: 968k
4/30/21: 1000k
5/29/21: 10006k
Rough month
-
5/29/21: 10006k
Rough month
Ten million!
-
4/30/21: 1000k
5/29/21: 10006k
Rough month
Super impressed by that progress!
-
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
June is our last month of the full cash firehose, and we'll incur the rest of our moving expenses. Income will be dropping way down starting in July. Also hoping to sell our current house in July, which should toss a goodly chunk back into the liquid side of the house by September if all goes well.
-
5/29/21: 10006k
Rough month
Ten million!
I hate it when my net worth only goes up by an order of magnitude in a month :D
-
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k
4/22/21: 968k
4/30/21: 1000k
5/29/21: 1006k
Rough month
Lol fixed it you dorks =P
-
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k
4/22/21: 968k
4/30/21: 1000k
5/29/21: 1006k
Rough month
Lol fixed it you dorks =P
I was just kidding. That's what you get when you hang out in a forum full of engineers and software developers :D
May was a slow month for my net worth growth too. At least compared to the previous 2 months.
-
Nov 2020 - 864k$
Dec 2020 - 956k$
Jan 2021 - 1.19m$
Feb 2021 - 1.23m$
Mar 2021 - 1.28m$
Apr 2021 - 1.35m$
May 2021 - 2.65m$
So even though it was heavy lost on crypto's last month (-56k$) I now graduated this goal. I did not double my wealth in May, but as I sold some of my shares in my own company and we made a deal for the rest of the shares later then I finally had a reason to add those into the wealth as before it would have been hard to give them an value.
So now onwards, I don't think we are going to increase the wealth a lot from here except perhaps through investments so my next 2 steps are.
1. learn to invest well
2. learn life after FI as I would say we have now reached that point.
if anyone here have some good points to topics on this forum or elsewhere to check I would highly appreciate.
783 Days to FIRE (my 1,000 days challenge)
-
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
-
So excited about this growth. It will allow me to leave work a full 5 months sooner than expected.
Jan 1 2021: 1,145k
April 1, 2021: 1,268k
June 1, 2021: 1,342k
-
Why hello big pond, medium fish here shocked at the prospect of joining this thread.
You can read my resume below, and if the market cooperates I plan on hanging out until just after my 36th birthday.
-25,000 -> 100,000 was done in 10 months
100,000 -> 250,000 was done in 15 months
250,000 -> 500,000 was done in 16 months
500,000 -> 1,000,000 was done in 10 months
1,000,000 -> 2,000,000 should take about 27 months (edited from 16)
My current compensation is about double market value for my career but is inextricably tied to very low job security and Canadian politics so I feel privileged every week when I invest. I have one kid with a second one coming in October.
I'll be chasing up above the next group so won't be FIRE'ing from here but am excited nonetheless.
I only track my personal retirement accounts minus debts, ignoring real estate and any other assets (of which I don't have a vehicle or anything substantial anyway).
| | 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 | - | - | July | -$19,048 | $27,638 | $167,846 | $299,427 | $540,432 | - | - | August | -$18,739 | $39,025 | $180,481 | $313,257 | $571,960 | - | - | September | -$21,536 | $49,626 | $185,098 | $321,358 | $582,947 | - | | October | -$25,832 | $59,438 | $194,857 | $336,179 | $582,543 | - | - | November | -$25,621 | $71,949 | $205,772 | $351,985 | $658,773 | - | - | December | -$25,405 | $110,473 | $212,859 | $385,426 | $796,160 | - | - |
Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
|
-
Welcome @dreadmoose! Nice to see another recent graduate of the 500k-1M thread.
-
Welcome @dreadmoose! Nice to see another recent graduate of the 500k-1M thread.
Good to join you here, I hope it smells as nice as I'd dreamed of from below.
-
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
Highwater mark: Jun 01 2021 - 1.193M Total, 1.147M Stache
Thought for sure this was going to be an update with a downtick, but the top continues to not be in. June is the first month with my shiny new lower income due to the even shinier new 3 day per week schedule that started May 1st, so it will be interesting to see how this goes.
-
Joining this race almost a year and a half before I expected to... thanks, stock market! We're just barely over the line and will likely swing up and down around it a few times before we're really settled in, but feeling like it's a cause for celebration in any case.
Net worth progress (includes home equity; does not include roughly $40k in cash; does not include 529s for 2 kids)
10/1/18 $502K
01/1/19 $480K
04/1/19 $546K
07/1/19 $579K
10/1/19 $586K
1/1/20 $650K
4/1/20 $678K
7/1/20 $689K
10/1/20 $751K
1/1/21 $880K
4/1/21 $945K
6/1/21 $1,012K
Expected graduation: Early 2028
Timeline guesstimate accounts for some leaner savings years ahead; baby #2 arrived in March, so we're headed toward the dreaded "double-daycare" valley of desolation very soon. But we'll get where we're headed eventually!
-
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
Housing values are going bonkers pushing up the TNW numbers.
-
Joining this race almost a year and a half before I expected to... thanks, stock market! We're just barely over the line and will likely swing up and down around it a few times before we're really settled in, but feeling like it's a cause for celebration in any case.
Welcome @Lucky Recardito! Same boat here -- skated in long before I expected to. Congrats on your new little one!
-
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.
-
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.
First post in this thread.
I have no interest in getting to $2 millions but I think they don't want me to keep posting in the $1 million thread so I'm posting here.
We are on the verge of CoastFI and this is just to update myself.
Lost my job beginning of the year. Got it back mid-April. Wife will quit end of July 31st.
June 12th 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 fee.
Primary 216954- Older version of this house just sold for $430k in 5 days. Newer
version of this house will cost you $500k with ZERO upgrade.
This house will sell easily for $450k+ but I just had an
appraisal done for refinance and it came back as $434k(she's
not smart). This value is minus selling fee and mortgage owed.
Assets 45000
HSA 25447
IRA-roth 118348
IRA 69243 Contributed my yearly amount
Inx funds 143254. Transferred $15k in Jan.
401k 25456
Wife 401k 31908
Wife HSA 8523
Wifes IRA 88257
Loan 179766- Other house equity. Loan being paid back @3.5%.
Cash 34960-
Etrade 77165
Gold 6000
$1,300,261- Net Worth.
$1,083,307- Without primary home.[/quote]
-
Past the $1.5M mark now. This is just under 23 months from when I entered this thread.
If we keep up this pace, we will hit $2M by mid-2023.
It's definitely going faster than I anticipated.
-
Past the $1.5M mark now. This is just under 23 months from when I entered this thread.
If we keep up this pace, we will hit $2M by mid-2023.
It's definitely going faster than I anticipated.
Nice work! Assuming consistent contributions and broad index funds, it still comes down to luck in a sense. It took us about 18 years to reach $1M, but things were VERY slow-going for the first 10-15 years -- most of this was 2000-2010 and growth was poor that decade. We were accumulating a lot of relatively inexpensive shares via DCA though, and when the markets recovered it wasn't long before we hit $1M.
The 2nd million came 4x faster, in about 4.5 years. Now I'm kind of where you are...will we have yet another million in just a couple more years? Recency bias makes me want to say yes, but my first 18 years of investing makes me hesitant to get my hopes up.
-
We hit $1M TNW in December 2016 and have now reached $2M TNW, so 4 1/2 years to double our NW. I'll probably stick around this thread for a while as I'm sure our NW will dip back below $2M before staying above $2M for the long-haul. Just over $1.4M of this is LNW, with the rest of it being tied up in real estate.
DH and I came from very financially insecure backgrounds and 18 years ago I was solidly in the negative net worth camp. We're pretty pleased with what we've been able to achieve and creating financial security feels really good for both of us.
-
We hit $1M TNW in December 2016 and have now reached $2M TNW, so 4 1/2 years to double our NW. I'll probably stick around this thread for a while as I'm sure our NW will dip back below $2M before staying above $2M for the long-haul. Just over $1.4M of this is LNW, with the rest of it being tied up in real estate.
DH and I came from very financially insecure backgrounds and 18 years ago I was solidly in the negative net worth camp. We're pretty pleased with what we've been able to achieve and creating financial security feels really good for both of us.
Similar here. We first hit 1M in July 2018 and projecting 2M this year. 1.1M LNW with the rest real estate. We bought a 17 acre lake property in 2016 for $150k (not a misprint) and have it conservatively valued at 450k now. If we were interested in selling (which we're not), I think we could get over 750k for it.
The second million will definitely come sooner than the first!
-
First post in this thread since we just crossed the $1 million mark last week in investible assets/cash. Took 8 years of very aggressive saving to get here. We are now in barebones FI territory and have also downshifted to part time (Coast FI). Plan is to max 401k and Roth while still working and whatever is left after expenses to taxable account. At least I feel secure that compounding will be doing most of the heavy lifting from this point on. Not sure if we will ever get to $2 million as we would RE and in Fat FIRE territory by then. But, you never know!
-
First post in this thread since we just crossed the $1 million mark last week in investible assets/cash. Took 8 years of very aggressive saving to get here. We are now in barebones FI territory and have also downshifted to part time (Coast FI). Plan is to max 401k and Roth while still working and whatever is left after expenses to taxable account. At least I feel secure that compounding will be doing most of the heavy lifting from this point on. Not sure if we will ever get to $2 million as we would RE and in Fat FIRE territory by then. But, you never know!
Nice job and welcome @jsap819 !
-
(Tracking savings/investments only)
Feb 1, 2016 - $90k
Apr 1, 2016 - $100k
Jan 1, 2017 - $177k
(Took 7 month sabbatical between Jan 1st 2017 and December 1st 2017)
Dec 1, 2017 - $187k
Jan 1, 2018 - $196k
Feb 1, 2018 - $214,462
Mar 1, 2018 - $225,651
Apr 1, 2018 - $238,764
May 1, 2018 - $251,725 (crossed $250k)
June 1, 2018 - $265,145
July 1, 2018 - $272,423
Aug 1, 2018 - $277,896
Sep 1, 2018 - $298,543
Oct 1, 2018 - $296,603
Nov 1, 2018 - $288,618
Dec 1, 2018 - $304,127
Jan 1, 2019 - $294,621
Feb 1, 2019 - $326,081
Mar 1, 2019 - $354,771
Apr 1, 2019 - $384,308
May 1, 2019 - $407,770
June 1, 2019 - $404,625
July 1, 2019 - $420,082
Aug 1, 2019 - $441,976
Sep 1, 2019 - $458,940
Oct 1, 2019 - $481,915
Nov 1, 2019 - $501,937 (Crossed $500k)
Dec 1, 2019 - $518,285
Jan 1, 2020 - $544,655
Feb 1, 2020 - $573,474
Mar 1, 2020 - $557,410
Apr 1, 2020 - $494,414
May 1, 2020 - $572,376
June 1, 2020 - $618,048
July 1, 2020 - $600,510
Aug 1, 2020 - $659,872
Sep 1, 2020 - $704,682
Oct 1, 2020 - $696,932
Nov 1, 2020 - $694,944
Dec 1, 2020 - $782,831
Jan 1, 2021 - $823,189
Feb 1, 2021 - $846,277
Mar 1, 2021 - $891,092
Apr 1, 2021 - $903,097
May 1, 2021 - $954,334
June 1, 2021 - $973,181
June 25, 2021 - $1,000,494 (Crossed $1MM)
Joined this group late last week! It might be a bouncy up and down with the market while I work to get a firm footing in the group. I should be able to save around $15k in July which sort of seems like a lot, but at this point, that’s an easy market bounce in a day.
Tracking savings/investments only. I don’t own any property/real estate. My only debt is an auto, but my vehicles/belongings outweigh that balance many times over, so I don’t count these things for/against. I was waiting to hit $1MM to pay it off, I’ll probably do that sometime next year.
I work as a contractor and my career is volatile. I have no idea where I’ll work (be it what company or state) usually around 1-2 years ahead of time. With that in mind, I don’t have a real FIRE number but will keep taking the incredibly good/high paying jobs as they fall in my lap, and when they don’t, enjoying long sabbaticals! At some point, I’ll start turning down the good jobs as well (probably $2M-$3M).
-
Old data:
| 2015 DEC | : | 252k | <- Crossed 250k |
| - | - |
| 2016 JAN | : | 260k | (+8k) |
| 2016 FEB | : | 281k | (+21k) |
| 2016 MAR | : | 285k | (+4k) |
| 2016 APR | : | 298k | (+13k) |
| 2016 MAY | : | 305k | (+7k) |
| 2016 JUN | : | 307k | (+2k) |
| 2016 JUL | : | 320k | (+13k) |
| 2016 AUG | : | 326k | (+6k) |
| 2016 SEP | : | 336k | (+10k) |
| 2016 OCT | : | 337k | (+1k) |
| 2016 NOV | : | 361k | (+24k) |
| 2016 DEC | : | 368k | (+7k) |
| - | - |
| 2017 JAN | : | 382k | (+14k) |
| 2017 FEB | : | 403k | (+21k) |
| 2017 MAR | : | 416k | (+13k) |
| 2017 APR | : | 427k | (+11k) |
| 2017 MAY | : | 436k | (+9k) |
| 2017 JUN | : | 449k | (+13k) |
| 2017 JUL | : | 464k | (+15k) |
| 2017 AUG | : | 478k | (+14k) |
| 2017 SEPT | : | 494k | (+16k) |
| 2017 OCT | : | 510k | (+16k) <- Crossed 500k |
| 2017 NOV | : | 523k | (+13k) |
| 2017 DEC | : | 534k | (+11k) |
| - | - |
| 2018 JAN | : | 558k | (+24k) |
| 2018 FEB | : | 569k | (+11k) |
| 2018 MAR | : | 560k | (-9k) |
| 2018 APR | : | 574k | (+14k/+5k) |
| 2018 MAY | : | 575k | (+1k) |
| 2018 JUNE | : | 575k | (+0k) |
| 2018 JULY | : | 599k | (+24k) |
| 2018 AUG | : | 620k | (+21k) |
| 2018 SEPT | : | 625k | (+5k) |
| 2018 OCT | : | 597k | (-28k) |
| 2018 NOV | : | 606k | (+9k/-19k) |
| 2018 DEC | : | 580k | (-26k/-45k) |
| - | - |
| 2019 JAN | : | 628k | (+48k/+3k) |
| 2019 FEB | : | 666k | (+38k) |
| 2019 MAR | : | 677k | (+11k) |
| 2019 APR | : | 706k | (+29k) |
| 2019 MAY | : | 670k | (-36k) |
| 2019 JUNE | : | 709k | (+39k/+3k) |
| 2019 JULY | : | 712k | (+3k) |
| 2019 AUG | : | 720k | (+8k) |
| 2019 SEPT | : | 725k | (+5k) |
| 2019 OCT | : | 753k | (+28k) <- Crossed 750k |
| 2019 NOV | : | 777k | (+24k) |
| 2019 DEC | : | 798k | (+21k) |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k) |
| 2015 DEC | : | 252k | |
| 2016 DEC | : | 368k | |
| 2017 DEC | : | 534k | |
| 2018 DEC | : | 580k | |
| 2019 DEC | : | 798k | |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k)<-Crossed 1m |
| 2020 SEP | : | 979k | (-23k/-23k) |
| 2020 OCT | : | 971k | (-8k/-31k) |
| 2020 NOV | : | 1.058mm | (+87k) |
| 2020 DEC | : | 1.100mm | (+42k) |
| - | - |
| 2021 JAN | : | 1.100mm | (+0k) |
| 2021 FEB | : | 1.140mm | (+40k) |
| 2021 MAR | : | 1.165mm | (+25k) |
| 2021 APR | : | 1.202mm | (+37k) |
| 2021 MAY | : | 1.209mm | (+7k) |
| 2021 JUNE | : | 1.243mm | (+34k) |
I was looking through this thread for my last post, and I can't belive it's been 6 months. 2021 has been crazy, equal to 2020 but in different ways.
I can admit, after hitting 1MM my "care level" has dropped off a bit, I find myself focusing on other things more. My networth has continued to 'explode' along with the market this year, obviously this could go south but for now, it's up-up-and away!
In addition to being $150k richer this year, i've been a holder of crypto for.... 5-6 years that I don't count in my calcs. At one point that account was nearly $400,000, now it's around $150,000(yes down). I am more-or-less convinced that this account alone will FIRE me in the next 5 years. Hell, it even generates income now with DEFI.
Besides that, we never skipped a beat with the pandemic, and continue to load up the usual accounts.
Downside: I find myself becoming less of a saver in 2021, I need to furnish a house, I need a car and I don't think I am going used this time, or cheap (undecided, but my old Volt needs a replacement, thinking maybe a model y?). Maybe that kicks me out of the MMM thinking but hopefully my 7+ years on this board holds some weight.
FIRE: I still have only a loose idea what my true "number" is, something around 1.75->2.00 would basically pay for anything I could think of and then some. This would require a TNW in that 2.00->2.25 range. Again, not decided if I want to wait that long though.
-
Total Net Worth (in thousands)
April 2021 = $1,004
May 2021 = $1,070
June 2021 = $1,054
July 2021 = $1,070
-
@OurTown -- nice increase! I like looking at your numbers because you and I have had similar progress for the last few years, and you typically update one day before I do. Gives me a sneak preview. ")
Welcome @use2betrix!
-
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
Expecting July to be another flat/down month due to some planned and unplanned house expenses.
-
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
We're up just shy of $500k for 2021, but $300k of that is in home equity due to the current craziness.
-
Gained $104k in the last quarter, not too bad considering we took a few much needed vacations and replaced our Tacoma.
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.
-
Joining the group as I think I am safe now
May2021 - $1,003,397
June 2021 - $1.013,773
Looking for $1.5 mil - I live a simple life and could happily sustain on that. Would most probably try out a few jobs that I have always looked fun..... just for the extra side income. I seem to always steady climbed up by $200 000 per year - so putting in Fire Year 2024.
-
| | 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 | - | - | August | -$18,739 | $39,025 | $180,481 | $313,257 | $571,960 | - | - | September | -$21,536 | $49,626 | $185,098 | $321,358 | $582,947 | - | | October | -$25,832 | $59,438 | $194,857 | $336,179 | $582,543 | - | - | November | -$25,621 | $71,949 | $205,772 | $351,985 | $658,773 | - | - | December | -$25,405 | $110,473 | $212,859 | $385,426 | $796,160 | - | - |
I found a discrepancy in my sheet this month so there is around 25k of an adjustment down that was made this month (probably to correct one last month): Saved $40,169 and went up by $36,621.
Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point |
-
Hello @SAfAmBrit! 2024 will be here before you know it.
Another great month for us. We are FIREd and drawing down, but the stash has been edging up. Nice! LNW includes only retirement accounts. TNW includes 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
-
Old data: | 2015 DEC | : | 252k | <- Crossed 250k |
| - | - |
| 2016 JAN | : | 260k | (+8k) |
| 2016 FEB | : | 281k | (+21k) |
| 2016 MAR | : | 285k | (+4k) |
| 2016 APR | : | 298k | (+13k) |
| 2016 MAY | : | 305k | (+7k) |
| 2016 JUN | : | 307k | (+2k) |
| 2016 JUL | : | 320k | (+13k) |
| 2016 AUG | : | 326k | (+6k) |
| 2016 SEP | : | 336k | (+10k) |
| 2016 OCT | : | 337k | (+1k) |
| 2016 NOV | : | 361k | (+24k) |
| 2016 DEC | : | 368k | (+7k) |
| - | - |
| 2017 JAN | : | 382k | (+14k) |
| 2017 FEB | : | 403k | (+21k) |
| 2017 MAR | : | 416k | (+13k) |
| 2017 APR | : | 427k | (+11k) |
| 2017 MAY | : | 436k | (+9k) |
| 2017 JUN | : | 449k | (+13k) |
| 2017 JUL | : | 464k | (+15k) |
| 2017 AUG | : | 478k | (+14k) |
| 2017 SEPT | : | 494k | (+16k) |
| 2017 OCT | : | 510k | (+16k) <- Crossed 500k |
| 2017 NOV | : | 523k | (+13k) |
| 2017 DEC | : | 534k | (+11k) |
| - | - |
| 2018 JAN | : | 558k | (+24k) |
| 2018 FEB | : | 569k | (+11k) |
| 2018 MAR | : | 560k | (-9k) |
| 2018 APR | : | 574k | (+14k/+5k) |
| 2018 MAY | : | 575k | (+1k) |
| 2018 JUNE | : | 575k | (+0k) |
| 2018 JULY | : | 599k | (+24k) |
| 2018 AUG | : | 620k | (+21k) |
| 2018 SEPT | : | 625k | (+5k) |
| 2018 OCT | : | 597k | (-28k) |
| 2018 NOV | : | 606k | (+9k/-19k) |
| 2018 DEC | : | 580k | (-26k/-45k) |
| - | - |
| 2019 JAN | : | 628k | (+48k/+3k) |
| 2019 FEB | : | 666k | (+38k) |
| 2019 MAR | : | 677k | (+11k) |
| 2019 APR | : | 706k | (+29k) |
| 2019 MAY | : | 670k | (-36k) |
| 2019 JUNE | : | 709k | (+39k/+3k) |
| 2019 JULY | : | 712k | (+3k) |
| 2019 AUG | : | 720k | (+8k) |
| 2019 SEPT | : | 725k | (+5k) |
| 2019 OCT | : | 753k | (+28k) <- Crossed 750k |
| 2019 NOV | : | 777k | (+24k) |
| 2019 DEC | : | 798k | (+21k) |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k) |
| 2015 DEC | : | 252k | |
| 2016 DEC | : | 368k | |
| 2017 DEC | : | 534k | |
| 2018 DEC | : | 580k | |
| 2019 DEC | : | 798k | |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k)<-Crossed 1m |
| 2020 SEP | : | 979k | (-23k/-23k) |
| 2020 OCT | : | 971k | (-8k/-31k) |
| 2020 NOV | : | 1.058mm | (+87k) |
| 2020 DEC | : | 1.100mm | (+42k) |
| - | - |
| 2021 JAN | : | 1.100mm | (+0k) |
| 2021 FEB | : | 1.140mm | (+40k) |
| 2021 MAR | : | 1.165mm | (+25k) |
| 2021 APR | : | 1.202mm | (+37k) |
| 2021 MAY | : | 1.209mm | (+7k) |
| 2021 JUNE | : | 1.243mm | (+34k) |
I was looking through this thread for my last post, and I can't belive it's been 6 months. 2021 has been crazy, equal to 2020 but in different ways.
I can admit, after hitting 1MM my "care level" has dropped off a bit, I find myself focusing on other things more. My networth has continued to 'explode' along with the market this year, obviously this could go south but for now, it's up-up-and away!
In addition to being $150k richer this year, i've been a holder of crypto for.... 5-6 years that I don't count in my calcs. At one point that account was nearly $400,000, now it's around $150,000(yes down). I am more-or-less convinced that this account alone will FIRE me in the next 5 years. Hell, it even generates income now with DEFI.
Besides that, we never skipped a beat with the pandemic, and continue to load up the usual accounts.
Downside: I find myself becoming less of a saver in 2021, I need to furnish a house, I need a car and I don't think I am going used this time, or cheap (undecided, but my old Volt needs a replacement, thinking maybe a model y?). Maybe that kicks me out of the MMM thinking but hopefully my 7+ years on this board holds some weight.
FIRE: I still have only a loose idea what my true "number" is, something around 1.75->2.00 would basically pay for anything I could think of and then some. This would require a TNW in that 2.00->2.25 range. Again, not decided if I want to wait that long though.
It's ok to start living a little bit now. You've won this game, it's just padding the base to get to 2, 3, 4 million. I'm not the sharpest knife in the drawer. But you can see my old posts in this thread. We've passed 3M in total NW and basically there liquid if we added all the pennies up. Buy the car.
-
Jan 1 2021: 1,145k
April 1, 2021: 1,268k
June 1, 2021: 1,342k
July 1, 2021: 1,375k
woohoo! I'm pulling the plug in August but hubs will continue to work. Hoping for 1.5M in the next couple of years so he can retire too!
*ETA: it was always the plan for me to retire first since I'm burned way tf out.
-
NW (approx):
5/2012: -$20k - graduated college with some debt
10/2016: $300k - married my DH and made plans to TAKE OVER THE WORLD er uh.... just FIRE ;)
12/2017: $500k - graduated the '250-500k thread'
12/2020: $1,000k - hit millionaire status this month. DH left the workplace in June to stay home with our daughter.
Q121: $1,045k
Q221: #1,106k - Slow and steady progress :)
-
Downside: I find myself becoming less of a saver in 2021, I need to furnish a house, I need a car and I don't think I am going used this time, or cheap (undecided, but my old Volt needs a replacement, thinking maybe a model y?). Maybe that kicks me out of the MMM thinking but hopefully my 7+ years on this board holds some weight.
It's ok to start living a little bit now. You've won this game, it's just padding the base to get to 2, 3, 4 million. I'm not the sharpest knife in the drawer. But you can see my old posts in this thread. We've passed 3M in total NW and basically there liquid if we added all the pennies up. Buy the car.
Agreed, a Model Y is less than 5% of your net worth. They've been holding their value very well and have extremely low running costs so the financials are reasonable. Also consider some of the cheaper rivals (e.g. the VW ID.4 is 40% cheaper factoring in the federal incentive) or wait for the Hyundai Ioniq 5 / Kia EV6.
-
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
Stache Highwater mark: Jun 26 2021 - 1.210M Total, 1.175M Stache
Guess we just keep on grinding / coasting - finishing some chores before we head to the mountains for the long weekend. An approximation of a mountain anyway.
-
Downside: I find myself becoming less of a saver in 2021, I need to furnish a house, I need a car and I don't think I am going used this time, or cheap (undecided, but my old Volt needs a replacement, thinking maybe a model y?). Maybe that kicks me out of the MMM thinking but hopefully my 7+ years on this board holds some weight.
It's ok to start living a little bit now. You've won this game, it's just padding the base to get to 2, 3, 4 million. I'm not the sharpest knife in the drawer. But you can see my old posts in this thread. We've passed 3M in total NW and basically there liquid if we added all the pennies up. Buy the car.
Agreed, a Model Y is less than 5% of your net worth. They've been holding their value very well and have extremely low running costs so the financials are reasonable. Also consider some of the cheaper rivals (e.g. the VW ID.4 is 40% cheaper factoring in the federal incentive) or wait for the Hyundai Ioniq 5 / Kia EV6.
Going to wait for new EV credit news, there's as much as $12,500 being offered up soon! Long-time-no-chat as well!
-
Downside: I find myself becoming less of a saver in 2021, I need to furnish a house, I need a car and I don't think I am going used this time, or cheap (undecided, but my old Volt needs a replacement, thinking maybe a model y?). Maybe that kicks me out of the MMM thinking but hopefully my 7+ years on this board holds some weight.
It's ok to start living a little bit now. You've won this game, it's just padding the base to get to 2, 3, 4 million. I'm not the sharpest knife in the drawer. But you can see my old posts in this thread. We've passed 3M in total NW and basically there liquid if we added all the pennies up. Buy the car.
Agreed, a Model Y is less than 5% of your net worth. They've been holding their value very well and have extremely low running costs so the financials are reasonable. Also consider some of the cheaper rivals (e.g. the VW ID.4 is 40% cheaper factoring in the federal incentive) or wait for the Hyundai Ioniq 5 / Kia EV6.
Going to wait for new EV credit news, there's as much as $12,500 being offered up soon! Long-time-no-chat as well!
Good idea, there's a decent chance the Teslas will qualify again which would greatly change the calculations / comparisons. Yes, and we're neck and neck again (teaser for my quarterly update)! I think we're within $5k! I'll finalize the numbers this weekend, probably.
-
(CDN$) LNW TWN
2015 YE $0.81M $1.23M
2016 YE $0.96M $1.40M
2017 YE $1.10M $1.55M
2018 YE $1.13M $1.66M
2019 YE $1.38M $1.90M
2020 YE $1.63M $2.27M
1Q2021 $1.70M $2.34M (+$70K in the quarter)
2Q2021 $1.82M $2.46M (+$120K in the quarter)
Of the $190K CDN growth so far this year, $50K came from contributions and $140K came from the market, both of which I am really pleased with.
I adjusted our FIRE number to $2.2M CDN LNW to account for inflation. We're getting close!
-
Quarterly Update:
July-18 $704,760.25 (+54,904)
Oct-18 $768,090.42 (+63,330)
Jan-19 $761,423.60 (-06,666)
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)
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)
April-21 $1,594,119 (+125,254)
July-21 $1,714,855 (+120,736)
JGS
-
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
Hello all - Just joining you from the previous gauntlet. Hopefully TNW stays above the entry level :-)
-
Downside: I find myself becoming less of a saver in 2021, I need to furnish a house, I need a car and I don't think I am going used this time, or cheap (undecided, but my old Volt needs a replacement, thinking maybe a model y?). Maybe that kicks me out of the MMM thinking but hopefully my 7+ years on this board holds some weight.
It's ok to start living a little bit now. You've won this game, it's just padding the base to get to 2, 3, 4 million. I'm not the sharpest knife in the drawer. But you can see my old posts in this thread. We've passed 3M in total NW and basically there liquid if we added all the pennies up. Buy the car.
Agreed, a Model Y is less than 5% of your net worth. They've been holding their value very well and have extremely low running costs so the financials are reasonable. Also consider some of the cheaper rivals (e.g. the VW ID.4 is 40% cheaper factoring in the federal incentive) or wait for the Hyundai Ioniq 5 / Kia EV6.
Going to wait for new EV credit news, there's as much as $12,500 being offered up soon! Long-time-no-chat as well!
Good idea, there's a decent chance the Teslas will qualify again which would greatly change the calculations / comparisons. Yes, and we're neck and neck again (teaser for my quarterly update)! I think we're within $5k! I'll finalize the numbers this weekend, probably.
Fairly confident you are going to pass me with my spending spree(s)!
How much longer before you pull the plug man?
-
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
-
Downside: I find myself becoming less of a saver in 2021, I need to furnish a house, I need a car and I don't think I am going used this time, or cheap (undecided, but my old Volt needs a replacement, thinking maybe a model y?). Maybe that kicks me out of the MMM thinking but hopefully my 7+ years on this board holds some weight.
It's ok to start living a little bit now. You've won this game, it's just padding the base to get to 2, 3, 4 million. I'm not the sharpest knife in the drawer. But you can see my old posts in this thread. We've passed 3M in total NW and basically there liquid if we added all the pennies up. Buy the car.
Agreed, a Model Y is less than 5% of your net worth. They've been holding their value very well and have extremely low running costs so the financials are reasonable. Also consider some of the cheaper rivals (e.g. the VW ID.4 is 40% cheaper factoring in the federal incentive) or wait for the Hyundai Ioniq 5 / Kia EV6.
Going to wait for new EV credit news, there's as much as $12,500 being offered up soon! Long-time-no-chat as well!
Good idea, there's a decent chance the Teslas will qualify again which would greatly change the calculations / comparisons. Yes, and we're neck and neck again (teaser for my quarterly update)! I think we're within $5k! I'll finalize the numbers this weekend, probably.
Fairly confident you are going to pass me with my spending spree(s)!
How much longer before you pull the plug man?
I plan to quit full time work before I turn 40 (in 2024). Could be earlier, depending on circumstances, but currently I'm fine with using my time to pad the stache.
-
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
Well, that was a nice quarter. I was on the edge of my seat the past 2 days to see if I could hit that 1.5 number and I got it by the skin of my teeth! The 1.7 TNW was even closer as I cleared that by only about $750 after yesterday's market close.
I'm pretty much FI now using the 4% rule combined with my small pension that starts at age 60. That's using my average spending over the past 3 years and adding in estimated health insurance costs (unsubsidized silver level ACA plan). This was the high end of my 'number' when I first started thinking about FIRE 4 years ago. Now my 'number' has moved a bit higher and I won't really feel financially ready to stop working until ~1.75M, and I'm sure I'll move that number to 2M when the time comes!
In the back of my mind (sometimes right up front) I am thinking about how I'll feel when my stash drops 25-30% when these bubbles pop. It will be ugly. It really could be different this time, with our government spending money like a pimp who's been told he only has a week to live. If I had kids, I'd feel horrible about the economy we are bequeathing to them by borrowing from their future.
-
(Tracking savings/investments only)
Feb 1, 2016 - $90k
Apr 1, 2016 - $100k
Jan 1, 2017 - $177k
(Took 7 month sabbatical between Jan 1st 2017 and December 1st 2017)
Dec 1, 2017 - $187k
Jan 1, 2018 - $196k
Feb 1, 2018 - $214,462
Mar 1, 2018 - $225,651
Apr 1, 2018 - $238,764
May 1, 2018 - $251,725 (crossed $250k)
June 1, 2018 - $265,145
July 1, 2018 - $272,423
Aug 1, 2018 - $277,896
Sep 1, 2018 - $298,543
Oct 1, 2018 - $296,603
Nov 1, 2018 - $288,618
Dec 1, 2018 - $304,127
Jan 1, 2019 - $294,621
Feb 1, 2019 - $326,081
Mar 1, 2019 - $354,771
Apr 1, 2019 - $384,308
May 1, 2019 - $407,770
June 1, 2019 - $404,625
July 1, 2019 - $420,082
Aug 1, 2019 - $441,976
Sep 1, 2019 - $458,940
Oct 1, 2019 - $481,915
Nov 1, 2019 - $501,937 (Crossed $500k)
Dec 1, 2019 - $518,285
Jan 1, 2020 - $544,655
Feb 1, 2020 - $573,474
Mar 1, 2020 - $557,410
Apr 1, 2020 - $494,414
May 1, 2020 - $572,376
June 1, 2020 - $618,048
July 1, 2020 - $600,510
Aug 1, 2020 - $659,872
Sep 1, 2020 - $704,682
Oct 1, 2020 - $696,932
Nov 1, 2020 - $694,944
Dec 1, 2020 - $782,831
Jan 1, 2021 - $823,189
Feb 1, 2021 - $846,277
Mar 1, 2021 - $891,092
Apr 1, 2021 - $903,097
May 1, 2021 - $954,334
June 1, 2021 - $973,181
June 25, 2021 - $1,000,494 (Crossed $1MM)
July 1, 2021 - $1,002,759
Surprised I stayed above the threshold! Going to be an interesting rest of the year.
-
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
Today I was comparing the price of cheddar per ounce to determine which one to buy (same brand). I don't think I can ever let that go. Reminds me of the saying "pennywise and pound foolish." Not that I think I'm being pound foolish. I'm just giving a fair bit of mental energy to saving a few cents. When my net worth fluctuate by $1000 daily, those few cents don't matter. I can know this logically but there's no way I'm buying the more expensive cheese.
-
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
Moved in June. Endless "one-time" costs right now with the move and getting the new house in order - even more to do/buy than we expected...but I guess that actually should've been expected. Stash mostly keeping up for now, but our income goes way down in a couple of weeks. We'll be fine once the old house sells, though.
-
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
I joined the $500 to a million thread exactly 3 years ago. I said then that I never expected to get to $1mil before we retired. We retired yesterday. The market has been absolutely crazy the last five years and we have more money than I ever dreamed we'd have. Since we are now going to start spending instead of saving, we'll see what happens to the stash! I don't really have any interest in accumulating more, but as long as the market is rolling, I suppose we will. And when the market stops rolling, we'll be glad we had such a large stash to take the hit.
-
| | 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 | - | - |
| 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 | - | - |
Slow and steady but staying above the mark.
-
| | 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 | - | - | August | -$18,739 | $39,025 | $180,481 | $313,257 | $571,960 | - | - | September | -$21,536 | $49,626 | $185,098 | $321,358 | $582,947 | - | | October | -$25,832 | $59,438 | $194,857 | $336,179 | $582,543 | - | - | November | -$25,621 | $71,949 | $205,772 | $351,985 | $658,773 | - | - | December | -$25,405 | $110,473 | $212,859 | $385,426 | $796,160 | - | - |
I found a discrepancy in my sheet this month so there is around 25k of an adjustment down that was made this month (probably to correct one last month): Saved $40,169 and went up by $36,621.
Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point |
Dread, this is an impressive and explosive amount of movement from finding MMM until now. I thought I did well taking about 3-4 years to go from $250 - $500 and then a little under 4 more from $500 - $1m but you make me a slacker, especially given that our number includes everything and you have potentially massive numbers missing. Great job!
-
Five quarters of a million! Last $250k took less than 8 months which is surreal as that is significantly more than our annual gross income.
10/1/2020 - 0.96m
1/1/2021 - 1.08m
4/1/2021 - 1.17m
7/1/2021 - 1.25m
-
Dread, this is an impressive and explosive amount of movement from finding MMM until now. I thought I did well taking about 3-4 years to go from $250 - $500 and then a little under 4 more from $500 - $1m but you make me a slacker, especially given that our number includes everything and you have potentially massive numbers missing. Great job!
Thanks! It's sure felt incredibly fast skipping through the milestones here.
As some background: I hit the FIRE jackpot, found MMM while trying to figure out what to do with the raise from a new job opportunity that was about to double my salary but had very low job security. Saving all of it made sense, and then tightening my belt below that catapulted me further (sold all vehicles, dropped nearly all expensive tastes for alcohol / coffee / food etc).
I have been incredibly privileged with this job lasting and with my ability to save (no health issues, compatible wife that was frugal to start with).
I track my own because I was the only one saving for the majority, now I do have about $150k in primary residence equity and my wife has about $100k in her retirement savings (which we agree is all fungible so it's a little odd to not track anymore). She's not sure she'd retire so my stash tracking is against my own, with the caveat I can't imagine quitting my firehose salary job before we have at least the option for us both to walk.
Slow and steady was always my plan, just tripped head first into fast and steady so I'll keep checking my own priviledge.
-
Awesome attitude Dread!
-
Mid 2021 update:
Ballpark EOY Liquid NW Total NW
2016 570k
2017 669k
2018 697k
2019 803k
2020 969k 1287k
H12021 1142k 1745k --->increase here due to bad math/account keeping. This is most accurate summation so far.
Markets have been kind in first half of 2021.
-
I should have posted here a while back.
2017-Jan - NW $1.009MM
2018-Jan - NW $1.184MM
2019-Jan - NW $1.302MM
(MM for million)
Started the year ['2019'] 15% LNW, 27 rental units, 350k rental unit debt, 1.3M TNW
Kept rental units estimate near 2013 purchase price on paper (showed higher cap gains %).
Sold 4 units last month and selling 7 units in 3 weeks at current market value (almost double).
Projection: 30% LNW, 16 rental units, 0k debt, 500K LNW, 1.7M TNW
*UPDATE*
2017-Jan - NW $1.009MM
2018-Jan - NW $1.184MM
2019-Jan - NW $1.302MM
2020-Jan - NW $1.769MM
2021-Jan - NW $1.907MM
2021-Jun - NW $1.993MM
Currently: 34% LNW, 18 (+2) rental units, $139k (+2) rental units debt (@ 4%), $678K LNW, $1.993MM TNW
FI (2014) && RE @ 40yrs old (OCT-2019)
Kind of wish I didn't leave the workforce in Oct-2019 just because the whole world seemed to shut down during 2020 w/ CORONA. But I would have been working at home behind a computer all day. Instead, I played video games. I am now booked to do more vacations and trips in 2021.
My Liquid NW isn't as high as others due to my Real-Estate empire (90%+ paid off). But I have shifted more towards increasing the LNW.
-
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
1/1/21: 818k
2/1/21: 860k
3/1/21: 846k
4/1/21: 887k
5/1/21: 955k
6/1/21: 1009k
7/1/21: 1050k
-
My last post was in January as we were just tipping over the 1M line this year is half over now despite the world turmoil life's been good.
Fingers crossed for good health, and good markets
| Investment Accounts |
| End Of Month | Liquid Balance | $$ I invested | total change |
| Dec 2016 | $322,818 | $30,604 | |
| Dec 2017 | $438,627 | $40,177 | $115,809 |
| Dec 2018 | $518,373 | $87,168 | $79,746 |
| Dec 2019 | $778,776 | $95,881 | $260,403 |
| Dec 2020 | $1,084,796 | $143,910 | $306,060 |
| To date 2021 | $1,217,134 | $42,164 | $164,201 |
| | | | |
| Jan 2021 | $1,055,725 | $8,178 | $29,371 |
| Feb 2021 | $1,093,220 | $6,034 | $37,496 |
| Mar 2021 | $1,121,254 | $11,156 | $28,033 |
| Apr 2021 | $1,172,799 | $5,764 | $51,545 |
| May 2021 | $1,190,579 | $7,391 | $17,780 |
| Jun 2021 | $1,217,134 | $3,642 | $26,555 |
| Jul 2021 | $ | $ | $ |
-
First post in this thread.
I have no interest in getting to $2 millions but I think they don't want me to keep posting in the $1 million thread so I'm posting here.
We are on the verge of CoastFI and this is just to update myself.
Lost my job beginning of the year. Got it back mid-April. Wife will quit end of July 31st.
June 12th 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 fee.
Primary 216954- Older version of this house just sold for $430k in 5 days. Newer
version of this house will cost you $500k with ZERO upgrade.
This house will sell easily for $450k+ but I just had an
appraisal done for refinance and it came back as $434k(she's
not smart). This value is minus selling fee and mortgage owed.
Assets 45000
HSA 25447
IRA-roth 118348
IRA 69243 Contributed my yearly amount
Inx funds 143254. Transferred $15k in Jan.
401k 25456
Wife 401k 31908
Wife HSA 8523
Wifes IRA 88257
Loan 179766- Other house equity. Loan being paid back @3.5%.
Cash 34960-
Etrade 77165
Gold 6000
$1,300,261- Net Worth.
$1,083,307- Without primary home.
A little updating while the market hit a new high.
My portfolio is slow and steady.
Spent some money on gutters and paying for some future vacations this months.
July 4th 2021
-----
Rental 230000- Paid off. Housing market is insane here in FL and this is more
accurate. We have a month to month lease and we are
planning to sell it before the end of the year. Will probably get
more than $230k after selling fees.
Primary 218127- Older version of this house just sold for $430k in 5 days. Newer
version of this house will cost you $500k with ZERO upgrade.
This house will sell easily for $450k+ but I just had an
appraisal done for refinance and it came back as $434k(she's
not smart). Appraised value minus selling fees and mortgage owed.
Assets 45000
HSA 25898
IRA-roth 121148
IRA 70844
Inx funds 145481.
401k 26087
Wife 401k 34890. She is putting in $980 every 2 weeks now.
Wife HSA 8740
Wifes IRA 90390
Loan 179161- Other house equity. Loan being paid back @3.5%.
Cash 34037-
Etrade 80790. Purchased 700 shares of Abbvie stock last week @112.80. It's
paying 4.6% dividends.
Gold 6000
$1,316,593 -Net Worth.
$1,098,466- Without primary home.
-
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
-
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...
-
1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)
Picking up some steam! I've heard the second million is easier, but wow. Ten years ago, I had a negative net worth.
12/2018 - $966,365
12/2019 - $1,288,725
12/2020 - $1,616,389
5/2021 - $1,888,603
7/2021 - $2,003,017
Just 3.5 years after joining this thread and 8.5 years after reaching a zero net worth, it looks like I'm off to the next (at least until the next pullback).
-
Way to go, @ShadowRegent - so great to see this!
-
Can't tell anyone IRL so I'll share it here -- hit $2 million NW for the first time. None is in property as I own no real estate. I'm sure it'll go above and below many times esp with market volatility so I'm going to stick around this thread. But it feels surreal, more so than $1 million. $1 million felt like some combo of a fluke and 10%+ of households get there so it's "expected." This one makes it feel like maybe it isn't a fluke, if that makes sense.
Stats - age 41. Actually my 41st birthday is tomorrow and oddly I hit $1 mil exactly on my 37th birthday, so 4 years between milestones. Lawyer living in the DC area; started off in one of the big NYC law firms for 8+ years so had a high salary from ages 25-33, now in a gov't job which I don't like but pays well, though no where near NYC private law firm well. I always said I'd make some career decisions after I hit $2 mil -- not retire or anything but look for a job I actually like even if it's not the same salary/benefits or more unstable like private law firm jobs often are. But for now IDK - doesn't feel real yet so IDK even know what career moves to consider. All I'm thinking is maybe finding a cookie cake for my birthday tomorrow :)
-
Congrats to @ShadowRegent and @montgomery212 !
-
Congrats to @ShadowRegent and @montgomery212 !
That's awesome people, this shit really works, eh?
-
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.
-
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.
Welcome aboard.
When I crossed that 1M threshold, I think my target was 1.5. Now I've crossed 1.5 and my target is 1.75. Funny how that works.
-
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.
Welcome aboard.
When I crossed that 1M threshold, I think my target was 1.5. Now I've crossed 1.5 and my target is 1.75. Funny how that works.
Hey thanks @TempusFugit!! I know how that goes. My original number was 1M and a paid off house. Turns out that will be cutting it a little tight so we are trying to land on a number with some extra cushion.
-
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.
Welcome aboard.
When I crossed that 1M threshold, I think my target was 1.5. Now I've crossed 1.5 and my target is 1.75. Funny how that works.
Hey thanks @TempusFugit!! I know how that goes. My original number was 1M and a paid off house. Turns out that will be cutting it a little tight so we are trying to land on a number with some extra cushion.
Over time, we added babies to the family, people's health changes as well, AND I feel I've developed a much better understanding of compound interest and HOW EASY it is to gain an extra 10 K in spending per year for the rest of my life with just another year of coasting while letting the stache grow. Another year is a small price to pay if you are still relatively young. Now if I were 70 years old I would like at it very differently.
My original goal for my MCOL area is 1.875 Mil with a Paid Off Home prior to complete FAT FIRE. Bounty of riches with 75K/year to spend for eternity. We'll see how we feel when we reach that goal (in 2-3 years?). May do PT for a few years and see...
JGS
-
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
-
May2021 - $1,003,397
June 2021 - $1.013,773
July 2021 - $1,035,193
Nice cash injection coming my way next week - so will give me a nice bump. According to Zillow my house net worth has gone up by $80 000 in the last 3 month (not added in my numbers) - I thought it was an exaggeration until the people next door - with half the property size I have - closed for $40 000 less that then my Zillow estimate. I am glad I am not in the buying market right now.
-
| | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | January | - | -$25,189 | $116,236 | $230,742 | $402,238 | $820,660 | - | February | - | -$24,977 | $122,183 | $244,321 | $389,937 | $858,606 | - | - | March | Found MMM-> | -$21,759 | $122,763 | $252,749 | $359,271 | $895,439 | - | April | - | -$15,838 | $129,950 | $263,657 | $441,401 | $977,817 | - | May | - | $7,447 | $149,174 | $252,690 | $482,281 | $1,236,938 | - | June | - | $16,623 | $154,992 | $287,639 | $499,025 | $1,273,559 | - | July | -$19,048 | $27,638 | $167,846 | $299,427 | $540,432 | $1,314,180 | - | August | -$18,739 | $39,025 | $180,481 | $313,257 | $571,960 | - | - | September | -$21,536 | $49,626 | $185,098 | $321,358 | $582,947 | - | | October | -$25,832 | $59,438 | $194,857 | $336,179 | $582,543 | - | - | November | -$25,621 | $71,949 | $205,772 | $351,985 | $658,773 | - | - | December | -$25,405 | $110,473 | $212,859 | $385,426 | $796,160 | - | - |
Saved $17,513 and went up by $40,621. Great month.
I turned 34 yesterday and my life check-in has everything going to plan. I feel incredibly lucky to be able to make progress on all my goals while also having a new daughter coming in October to look forward to as well.
Can't ever thank the MMM community enough... I can't imagine what my life would look like if I hadn't started researching finance and ended up here (other than owning a very nice car [or one in general] that wouldn't provide any real happiness) .
Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point |
-
LNW TNW
12/2019 $0.96M $1.43M
12/2020 $1.39M $1.91M
01/2021 $1.43M $1.96M
02/2021 $1.45M $2.00M
03/2021 $1.50M $2.05M
04/2021 $1.48M $2.049M
06/2021 $1.58M $2.29M
07/2021 $1.63M $2.45M
08/2021 $1.69M $2.49M
$1,600 shy of $2.5M TNW (including house equity) damn.
-
JAN 2014 - $364k
DEC 2014 - $458k
DEC 2015 - $525k
DEC 2016 - $650k
DEC 2017 - $850k
DEC 2018 - $866k
DEC 2019 - $1,208,000
DEC 2020 - $1,507,000
JAN 2021 - $1,528,000
Feb 2021 - $1,584,000
Mar 2021 - $1,648,000
Jul 2021 - $1,823,000
Getting damn close. I never expected the stache to get this big, but projected FIRE cost of living has also gone up so this helps.
-
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
1/1/21: 818k
2/1/21: 860k
3/1/21: 846k
4/1/21: 887k
5/1/21: 955k
6/1/21: 1009k
7/1/21: 1050k
8/1/21: 1100k
-
Another great month for us. Market is crazy. We are FIREd and drawing down, but the stash has been edging up. Nice! LNW includes only retirement accounts and cash. TNW adds in 529 plans and house equity. I am conservatively holding our house equity number steady at our tax appraisal amount, despite Zillow telling me some absolutely insanely high number. We'll never sell and move, so it doesn't matter.
LNW / TNW
4/1/21 $1,004 / $1,673
5/1/21 $1,027 / $1,737
6/1/21 $1,030 / $1,741
7/1/21 $1,034 / $1,746
8/1/21 $1,037 / $1,751
-
Jan 1 2021: 1,145k
April 1, 2021: 1,268k
June 1, 2021: 1,342k
July 1, 2021: 1,375k
August 1, 2021: 1,403k
This market, right?! I didn't think we'd be here till mid-next year.
-
Is anyone taking advantage of these highs to rebalance out of equities a little? I've got about at 2% cash position, but so many voices now are saying bonds are not good to be holding in this interest rate environment that I think I would just add to my cash position rather than move to bonds. VBTLX is down 2.9% in the past 12 months and of course dividends are almost nothing now. This is just such a bizarre economy with so much government intervention and ridiculous levels of spending. There's got to be some serious pain on the horizon.
-
Is anyone taking advantage of these highs to rebalance out of equities a little? I've got about at 2% cash position, but so many voices now are saying bonds are not good to be holding in this interest rate environment that I think I would just add to my cash position rather than move to bonds. VBTLX is down 2.9% in the past 12 months and of course dividends are almost nothing now. This is just such a bizarre economy with so much government intervention and ridiculous levels of spending. There's got to be some serious pain on the horizon.
I can't really justify bonds at current rates. I sold most of my bond allocation to pay off my mortgage about 1.5 years ago. I'm not sure if it was the right thing to do, but a guaranteed 2.9% seemed better than holding bonds yielding a fraction of that. When rates increase a bit, I'll probably look to rebalance, but for now I can't bring myself to it.
-
Liquid net worth
Aug 2020 $1,217K
Sep 2020 $1,260K
Oct 2020 $1,265K
Nov 2020 $1,253K
Dec 2020 $1,375K
Jan 2021 $1,428K
Feb 2021 $1,463K
Mar 2021 $1,501K
Apr 2021 $1,720K
May 2021 $1,793K
Jun 2021 $1,828K
Jul 2021 $1,841K
Aug 2021 $1,860K
Pretty incredible year since joining this thread!
-
(Tracking savings/investments only)
Feb 1, 2016 - $90k
Apr 1, 2016 - $100k
Jan 1, 2017 - $177k
(Took 7 month sabbatical between Jan 1st 2017 and December 1st 2017)
Dec 1, 2017 - $187k
Jan 1, 2018 - $196k
Feb 1, 2018 - $214,462
Mar 1, 2018 - $225,651
Apr 1, 2018 - $238,764
May 1, 2018 - $251,725 (crossed $250k)
June 1, 2018 - $265,145
July 1, 2018 - $272,423
Aug 1, 2018 - $277,896
Sep 1, 2018 - $298,543
Oct 1, 2018 - $296,603
Nov 1, 2018 - $288,618
Dec 1, 2018 - $304,127
Jan 1, 2019 - $294,621
Feb 1, 2019 - $326,081
Mar 1, 2019 - $354,771
Apr 1, 2019 - $384,308
May 1, 2019 - $407,770
June 1, 2019 - $404,625
July 1, 2019 - $420,082
Aug 1, 2019 - $441,976
Sep 1, 2019 - $458,940
Oct 1, 2019 - $481,915
Nov 1, 2019 - $501,937 (Crossed $500k)
Dec 1, 2019 - $518,285
Jan 1, 2020 - $544,655
Feb 1, 2020 - $573,474
Mar 1, 2020 - $557,410
Apr 1, 2020 - $494,414
May 1, 2020 - $572,376
June 1, 2020 - $618,048
July 1, 2020 - $600,510
Aug 1, 2020 - $659,872
Sep 1, 2020 - $704,682
Oct 1, 2020 - $696,932
Nov 1, 2020 - $694,944
Dec 1, 2020 - $782,831
Jan 1, 2021 - $823,189
Feb 1, 2021 - $846,277
Mar 1, 2021 - $891,092
Apr 1, 2021 - $903,097
May 1, 2021 - $954,334
June 1, 2021 - $973,181
June 25, 2021 - $1,000,494 (Crossed $1MM)
July 1, 2021 - $1,002,759
Aug 1, 2021 - $1,022,662
Still truckin’ along..
-
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
-
Liquid NW / Total NW
1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
1/1/20: $1.049M / 1.531M
4/1/20: $810k / 1.278M
7/1/20: $1.042M / 1.524M
10/1/20: $1.138M / 1.641M
1/1/21: $1.370M / 1.883M
2/1/21: $1.392M / 1.914M
3/1/21: $1.451M / 1.973M
4/1/21: $1.434M / 2.010M
5/1/21: $1.476M / 2.053M
6/1/21: $1.519M / 2.086M
7/1/21: $1.510M / 2.124M
8/1/21: $1.510M / 2.125M
Dropped from two full-time incomes to one part-time income. Loving the life so far, but the stash isn't going to grow like old times, especially with all of our purchases to fix up and furnish the new house. The good news is that a big chunk of that house equity is about to become liquid.
-
Wow, have I really not updated since the end of March? :)
Here's where we stand now:
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
| Jan-20 | $1,122K | $1,438K |
YTD:
| Month/Year | Liquid Assets | Total Net Worth |
| Jan-21 | $1,391K | $1,721K |
| Feb-21 | $1,401K | $1,730K |
| Mar-21 | $1,440K | $1,775K |
| Apr-21 | $1,523K | $1,860K |
| May-21 | $1,527K | $1,858K |
| Jun-21 | $1,564K | $1,907K |
| Jul-21 | $1,598K | $1,947K |
The $2M to $4M thread appears to have a convention for LNW > $2M, so not quite ready to knock on the door there based on our current LNW number, but wow, it's kind of freaky to see that TNW number approaching $2M! :)
Onward!
-
...snip of table....
The $2M to $4M thread appears to have a convention for LNW > $2M, so not quite ready to knock on the door there based on our current LNW number, but wow, it's kind of freaky to see that TNW number approaching $2M! :)
Onward!
Not true, any net worth accounting is welcome!
Everyone realizes that you probably will bounce back and forth across the border several times before getting more or less locked in.
Once you get to the $2M to $4M thread, you can never truly leave :-)
-
12/16 - $360,891 $570,338
12/17 - $473,407 $697,411
12/18 - $480,550 $732,108
12/19 - $669,819 $943,739
12/20 - $868,659 $1,159,159
01/21 - $873,464 $1,163,867
02/21 - $904,761 $1,197,361
03/21 - $937,653 $1,230,984
04/21 - $992,853 $1,288,099
05/21 - $1,001,090 $1,297,835
06/21 - $1,028,157 $1,326,302
07/21 - $1,065,833 $1, 365,255
First month with NO contributions (no distributions either). Made more this month than we plan to distribute in a year. Crazy town. But then, it seems like I've been saying that for five years...the whole time I've been here. What fortuitous timing!
I'm in the process of buying a rental property and as part of the process, I had to submit a financial statement. They wanted 'current value' of our properties. On my net worth sheet, I just have the purchase price listed (zillow seems like funny money to me). So, I checked zillow for 'current value'. Holy cow, Batman! I knew housing prices were through the roof right now, but good grief. Anyway, I didn't update my net worth spreadsheet (because who cares what the my property values are...I'm not selling them) but it was kind of thrilling to see those numbers!
Buying a new car this month (deal I made with DH) so likely to go down. And Lord knows the market could go down any ole time. But right now, looks pretty dang good.
-
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.
Welcome aboard.
When I crossed that 1M threshold, I think my target was 1.5. Now I've crossed 1.5 and my target is 1.75. Funny how that works.
Haha. Same!
-
I'm posting when we pass nice round numbers, rather than at set intervals. Today we just squeaked past a new milestone.
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
-
Hi everybody,
I guess I'll dive in. Never thought I'd make it here. I still remember proudly posting for the first time in the 100-250k thread after climbing out of student loan negative net worth for over a year or more, carefully watching daily fluctuations vs contributions way too close for my own good.
I'll be downshifting at work to 3/4 time, not a direct result of this milestone but definitely emboldened by the stash. We're still 5-7 years from our number assuming egregious childcare costs are not replaced with something else once they leave daycare. It's a lifestyle balance thing.
Dec 2014 $101k
Jan 2017 $275k
Jan 2018 $356k
Jan 2019 $447k
Jan 2020 $559k (433 liquid)
Jun 2020 $560k (440 liquid)
Jan 2021 $745k ($545k liquid)
Jun 2021 $913k ($675k liquid)
Aug 2021 $1,003,776 ($750k liquid)
If the market spits me out of this thread tomorrow, let the internet archives reflect the following epitaph:
JJ was here.
-
Hi everybody,
I guess I'll dive in. Never thought I'd make it here. I still remember proudly posting for the first time in the 100-250k thread after climbing out of student loan negative net worth for over a year or more, carefully watching daily fluctuations vs contributions way too close for my own good.
I'll be downshifting at work to 3/4 time, not a direct result of this milestone but definitely emboldened by the stash. We're still 5-7 years from our number assuming egregious childcare costs are not replaced with something else once they leave daycare. It's a lifestyle balance thing.
Dec 2014 $101k
Jan 2017 $275k
Jan 2018 $356k
Jan 2019 $447k
Jan 2020 $559k (433 liquid)
Jun 2020 $560k (440 liquid)
Jan 2021 $745k ($545k liquid)
Jun 2021 $913k ($675k liquid)
Aug 2021 $1,003,776 ($750k liquid)
If the market spits me out of this thread tomorrow, let the internet archives reflect the following epitaph:
JJ was here.
Haha @JJ- -- Once you're here you can never leave . . . Congrats and welcome!
-
Jan. 2016: $181.7k
Jan. 2017: $249.5k
Jan. 2018: $377.3k
Jan. 2019: $499.2k
Jan. 2020: $710.5k
This year:
Jan. 2021: $1,055.8k
Feb. 2021: $1,082.5k
Mar. 2021: $1,166k
April 2021: $1,236k
May 2021: $1,244k
June 2021: $1,303k
Well done! Nice progression for this year!
-
Hi everybody,
I guess I'll dive in. Never thought I'd make it here. I still remember proudly posting for the first time in the 100-250k thread after climbing out of student loan negative net worth for over a year or more, carefully watching daily fluctuations vs contributions way too close for my own good.
I'll be downshifting at work to 3/4 time, not a direct result of this milestone but definitely emboldened by the stash. We're still 5-7 years from our number assuming egregious childcare costs are not replaced with something else once they leave daycare. It's a lifestyle balance thing.
Dec 2014 $101k
Jan 2017 $275k
Jan 2018 $356k
Jan 2019 $447k
Jan 2020 $559k (433 liquid)
Jun 2020 $560k (440 liquid)
Jan 2021 $745k ($545k liquid)
Jun 2021 $913k ($675k liquid)
Aug 2021 $1,003,776 ($750k liquid)
If the market spits me out of this thread tomorrow, let the internet archives reflect the following epitaph:
JJ was here.
Haha @JJ- -- Once you're here you can never leave . . . Congrats and welcome!
Lol, I know now that you've quoted me and I've posted here , I can check out any time I like but I can never leave!
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Feb 01 2021 - 1.061M 1.023M
Mar 05 2021 - 1.081M 1.048M
Apr 02 2021 - 1.139M 1.099M
May 02 2021 - 1.173M 1.132M
Jun 01 2021 - 1.193M 1.147M
Jul 01 2021 - 1.218M 1.173M
Aug 13 2021 - 1.231M 1.201M
Stache Highwater mark: Aug 13 2021 - 1.231M Total, 1.201M Stache
Originally updated on 8/11, but two days later and we hit the magic number of $1.2 million invested so updating. Started putting the 3, 4, 5 percent withdrawal amounts in the spreadsheet years ago as I lacked certainty around just what we'd be comfortable withdrawing someday. Still not certain when we will fully pull the plug, but I do enjoy hitting these round-number milestones - depending on risk tolerance we could start drawing $3K, $4K, or $5K today.
-
I'm haunting my banking website because I'm 5k under that next 100k mark, despite an extra 11k in medical expenses this month (and subsequent cessation of brokerage contributions). i need to remember this is still pretty quick, I just got to 1,100k in April!
-
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)
-
I'm haunting my banking website because I'm 5k under that next 100k mark, despite an extra 11k in medical expenses this month (and subsequent cessation of brokerage contributions). i need to remember this is still pretty quick, I just got to 1,100k in April!
I hear if you glare hard enough it changes. It's never worked for me though?
-
I hear if you glare hard enough it changes. It's never worked for me though?
I need a "LOL" emoji on this forum.
-
I hear if you glare hard enough it changes. It's never worked for me though?
I need a "LOL" emoji on this forum.
😂🤣😃
Right click takes you to a few, not as many as a phone
-
😂🤣😃
Right click takes you to a few, not as many as a phone
Thank you so much for this. I had no idea. 👍😎😜
-
When last I left the forums, I had just had the temporary experience of having hit $1M in investments. Yes, it was Feb 2020. And then Covid crash. I disappeared, didn't look at things, and kept doing what I was doing, which, unfortunately, was spending money on a house that was mid-renovation. Contractor was able to get through enough of it that we could move in during July 2020 and sell our old place. Never figured on carrying two houses for that long (1 year), but I never figured on a global pandemic either.
Anyway, during all the mess, the $1M seems to have solidified so here I am in the $1-2M gauntlet. With my pension of about 20K that will start when I retire (I'm vested and am of "eligible age"), I think about 1.55-1.58 should do the trick in Investments. That number will give us the cash to pay off the remainder of the mortgage as well as have a 3.75% SWR of the remainder (to accompany said pension). Hopefully that will be enough for all our bills and to feed our bouncing baby money pit of a house.
date NW Investments
4/3/14 $430k $225k
9/19/14 $500k $275k
11/6/14 $550k $300K
5/9/15 $600k $341k
4/13/16 $650k $375k
9/7/16 $700k $410k
5/6/17 $750k $674k (*I think I lost history on one of our accounts prior to this)
9/9/17 $800k $717k
11/22/17 Assets hit $1M
12/15/17 $850k $770K
3/10/18 $900k $770k (refinanced house, put $ in and moved from 30 to 15 yrs)
6/16/18 $950k $818k
12/26/18 $900k $750k
1/10/19 $950k $803k
2/19/19 $1M !!! $856k
6/12/19 $1.05M $900k
10/9/19 $1.08M $895k (downpayment on house and market misery)
12/31/19 $1.16M $974k
2/12/20 $1.19M $1M !!!
bad, scary, viral things happened, house stuff, then back at it
8/13/21 $1.46M $1.27M
-
2019 $826,413
2020 $1,019,917
APR 2021 $1,100, 966
Ladies and gents, fellow racers, we (finally) have the next 100k mark:
$1,200,661
Whatever magic is supposed to happen with emojis upon a right clic, is not working for me. :crying emoji:
But hey, two 100k milestones in one year. Thank you, Ms. market! When I first began this journey in 2011 $1.250k was my FIRE number. Now, given the givens, I think I'm going to be working well beyond that. Bittersweet, but better than being broke!
-
2019 $826,413
2020 $1,019,917
APR 2021 $1,100, 966
Ladies and gents, fellow racers, we (finally) have the next 100k mark:
$1,200,661
Whatever magic is supposed to happen with emojis upon a right clic, is not working for me. :crying emoji:
But hey, two 100k milestones in one year. Thank you, Ms. market! When I first began this journey in 2011 $1.250k was my FIRE number. Now, given the givens, I think I'm going to be working well beyond that. Bittersweet, but better than being broke!
A lot can change in 10 years. You've set yourself up wonderfully though 🙂 (mwahahaha)
-
LOL, thanks, @JJ-
Also, @ToughMother , I'm curious - at your current rate savings rate and market projections, do you have an estimate of when you're going to hit your FIRE number? You seem really close!
-
Hey @rebel_quietude,
Funny you should ask about when when we estimate hitting our FIRE number... Just yesterday, we were meeting with someone to help us figure that out a little better.
Come to find out, if our spending estimates in retirement are fairly accurate, we could actually FIRE at the end of this calendar year.
That was a bit of a (fantastic) surprise!!
Anyway, I now have a lot of homework to check and double check numbers, tweak some allocations, and get more precise info on my health insurance costs, but as of right now things are indeed "really close!"
Thanks for asking and letting me share that new and exciting information!!
@ToughMother
-
joining in!
hard to process that i passed the 1 million mark- grew up poor but knew not to spend more than i make.
i don't know what my RE number is anymore....i technically "hit" my arbitrary number but do not think its accurate because healthcare is provided by employer currently.
so now my 2020 goal create a spreadsheet and input numbers to see what i actually spend... started this last year and only filled it up part way.
and this is the first year i get to contribute the "catch up" amount in 401k and ira!
numbers only include 401k/Rira/taxable, does not include savings/checking/ibonds or house value.
January:
2010- 69K
2011- 105K
2012- 128K
2013- 197K
2014- 412K
2015- 477K
2016- 536K
2017- 651K
2018- 825K
2019- 937K
2020- 1231K
it took about 10 years to get to 100K, 5 years to 500K and 3 years to 1 million.
It's not even the end of 2021 but investments are about 1850K currently! Part of bump is from investing small windfall but the growth since 2020- Crazy...
I downshifted to part time but still able to max 401K, RothIRA and throw some (smaller) extra into taxable!
-
Come to find out, if our spending estimates in retirement are fairly accurate, we could actually FIRE at the end of this calendar year.
That was a bit of a (fantastic) surprise!!
Congratulations!!!! That's a #mademesmile if there ever was one. I hope you're having fun planning the next year or so, and that you're enjoying a deep, welcome feeling of satisfaction at the prospect.
@ca-rn , awesome! Light speed, over there.
-
A little updating while the market hit a new high.
My portfolio is slow and steady.
Spent some money on gutters and paying for some future vacations this months.
July 4th 2021
-----
Rental 230000- Paid off. Housing market is insane here in FL and this is more
accurate. We have a month to month lease and we are
planning to sell it before the end of the year. Zillow has this at $280k.
Counting this at $250k Will probably get
more than $230k after selling fees.
Primary 218127- Older version of this house just sold for $430k in 5 days. Newer
version of this house will cost you $500k with ZERO upgrade.
This house will sell easily for $450k+ but I just had an
appraisal done for refinance and it came back as $434k(she's
not smart). Appraised value minus selling fees and mortgage owed.
Assets 45000
HSA 25898
IRA-roth 121148
IRA 70844
Inx funds 145481.
401k 26087
Wife 401k 34890. She is putting in $980 every 2 weeks now.
Wife HSA 8740
Wifes IRA 90390
Loan 179161- Other house equity. Loan being paid back @3.5%.
Cash 34037-
Etrade 80790. Purchased 700 shares of Abbvie stock last week @112.80. It's
paying 4.6% dividends.
Gold 6000
$1,316,593 -Net Worth.
$1,098,466- Without primary home.
A little updating while the market hit a new high yesterday. It's tanking today.
My portfolio is slow and steady. Half of assets are in the 3 houses we own.
August 16th 2021
-----
Rental 230000- Paid off. Housing market is insane here in FL and this is more
accurate. We have a month to month lease and we are
planning to sell it before the end of the year. Will probably get
more than $230k after selling fees. I should up this amount but will leave it
as is.
Primary 2300302-Older version of this house just sold for $430k in 5 days. Newer
version of this house will cost you $500k with ZERO upgrade.
Our builder just listed an inventory house with 1756 sqft for $440K.
Insane. Our house is 2804 sqft. I moderately put this house at $445k-
selling fees selling-balance owed.
Assets 45000
HSA 27012
IRA-roth 124123
IRA 71861
Inx funds 149095
401k 26828
Wife 401k 39200. She is putting in $980 every 2 weeks now.
Wife HSA 8969
Wifes IRA 92886. I started this for her in 2013. Principle $45,500. Gains $47,386
Loan 178545- Other house equity. Loan being paid back @3.5%.
Cash 32397-
Gold 6000
Etrade 85698. Purchased 700 shares of Abbvie stock last week @112.80. It's
paying 4.6% dividends. Stocks doing great. $118+ and just received $910
dividends.
$1,347,916 -Net Worth.
$1,117,614- Without primary home. Almost closing on a refinance and pulling out $100k of
equity from the house.
-
Shout out to @mizzourah2006 , I married into a KC family that all pronounce the name of the state this way, it's a little jarring to my Texan ears...
That's funny. I grew up in Missouri, both KC and STL. All of my family on both sides live in Missouri and no one one either side of my family or anyone where I lived pronounced it Mizzourah.
-
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!
-
| | 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 | - | - |
-
$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?
-
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.
-
$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.
-
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
-
Looks like it's just under 6 month since I posted last... was at $1.40M then and am now at $1.577M.
-
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
-
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.
-
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
-
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.
-
I thought it was the chant from the MU fight song.
-
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.
HOORAY, HURRAH, AND A BULLY FOR OLD MIZZOU,
RAH! RAH! RAH! RAH!
MIZZOU-RAH! MIZZOU-RAH! MIZZOU-RAH, TIGERS!
-
That's how I remember it. Without doxing myself, I graduated from Mizzou in the early 90s.
-
| | 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
-
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.
-
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.
-
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.
-
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.
-
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
-
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!
-
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
-
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.
-
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!
-
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…)
-
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.
-
Well, I can hardly believe it.
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
| Jan-20 | $1,122K | $1,438K |
YTD:
| Month/Year | Liquid Assets | Total 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!
-
Congratulations Zoot! That second million was FAST.....
-
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)
-
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
-
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
-
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.
-
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
-
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.
-
| | 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.
-
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.
-
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.
-
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.
-
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.
-
@dreadmoose , is there a secret that propelled you by $1,000,000 in thirteen months?
-
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 , 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.
-
@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!
-
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
-
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.
-
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.
-
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!
-
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
-
May2021 - $1,003,397
June 2021 - $1.013,773
July 2021 - $1,035,193
August 2021 - $1,238,637
September 2021 - $1,228,412
-
First down month in a while.
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
-
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
Well thats not the greatest welcome for my first month in this club... guess the top is in!
-
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
10/1/21: $1.884M / 2.076M
Not a good month for the investments. Thankfully, still a pretty good month for coast-FIRE life. Not taking credit yet for the purported price increase on the house we just bought 6 months ago. Maybe after 12 months have gone by.
-
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
Sept 2021 $920.2K / $1010.4K
-
Quarterly Update:
July-18 $704,760.25 (+54,904)
Oct-18 $768,090.42 (+63,330)
Jan-19 $761,423.60 (-06,666)
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)
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)
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.
JGS
-
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
Sept-21 1.83 MM 1.70 MM
The plateau continues. October may be flat as well, but November should see a nice jump with profit sharing. Still, up $530k from 12 months ago, so I'm not complaining.
-
Welcome to the newcomers joining the thread! Congratulations!
Liquid net worth
Aug 2020 $1,217K Aug 2021 $1,860K
Sep 2020 $1,260K Sep 2021 $1,906K
Oct 2020 $1,265K Oct 2021 $1,866K
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
-
| | 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 | $1,333,026 | |
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 $12,450 and went down (down? that's new) by $35,362. Nice reminder that the stock market doesn't always go up, I'm in the "excited to see a slight sale" stage of accumulation so anything less than stock market failure isn't too concerning.
Can't seem to sell my old condo as zero new condo sales have happened in my city for over a month now. That'll slow me down for a bit.
Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
-
NW (approx):
5/2012: -$20k - graduated college with some debt
10/2016: $300k - married my DH and made plans to TAKE OVER THE WORLD er uh.... just FIRE ;)
12/2017: $500k - graduated the '250-500k thread'
12/2020: $1,000k - hit millionaire status this month. DH left the workplace in June to stay home with our daughter.
Q121: $1,045k
Q221: $1,106k
Q321: $1,111k - this is going to take FOREVER ;)
-
10/1/2020 - 0.96m
1/1/2021 - 1.08m
4/1/2021 - 1.17m
7/1/2021 - 1.25m
10/1/2021 - 1.25m
Flat this quarter...
-
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
That last week didn't help at all. Got some back today, but these numbers are for end of day September 30. Still going in the right direction, so no complaints I guess. If I can finish the year up by 250K, that will be all I could hope for.
I'm not confident that it will happen, given the continuing nonsense at the federal level. Free money! It costs zero as long as we take it from someone else, right? No company will raise prices or lower wages just because the cost of doing business goes up, right? Nah, that's crazy talk.
-
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
09/21 - $1,011,867 $1,313,685
Been a tough couple of months for a girl who just retired. I've always been steady since I first started investing. The tech blowup, 2008, covid - none of that even made me twitch. Now, I am having to frequently remind myself that 4% works, and even if it doesn't, I'm not withdrawing that much. And I have plenty of room to cut back. Not adding to the stash apparently makes a difference in my mindset.
All that being said, it's just a new situation i need to adjust to. I'm not thinking of doing anything crazy. Just dealing with thoughts I've never had before. Good times!! Regardless, it beats the hell out of working for a living!
-
The market giveth, and the market taketh away:
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
| Jan-20 | $1,122K | $1,438K |
YTD:
| Month/Year | Liquid Assets | Total 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 |
I never did get around to poking my head into the $2M-to-$4M thread, so I guess I'll wait a while. ;)
-
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
10/21: 1.30M - like others, this month sees a small dip
-
Net worth progress (includes home equity; does not include roughly $40k in cash; does not include 529s for 2 kids)
10/1/18 $502K
01/1/19 $480K
04/1/19 $546K
07/1/19 $579K
10/1/19 $586K
1/1/20 $650K
4/1/20 $678K
7/1/20 $689K
10/1/20 $751K
1/1/21 $880K
4/1/21 $945K
6/1/21 $1,012K
Expected graduation: Early 2028
Timeline guesstimate accounts for some leaner savings years ahead; baby #2 arrived in March, so we're headed toward the dreaded "double-daycare" valley of desolation very soon. But we'll get where we're headed eventually!
Net worth progress (includes home equity; does not include roughly $40k in cash; does not include 529s for 2 kids)
10/1/18 $502K
01/1/19 $480K
04/1/19 $546K
07/1/19 $579K
10/1/19 $586K
1/1/20 $650K
4/1/20 $678K
7/1/20 $689K
10/1/20 $751K
1/1/21 $880K
4/1/21 $945K
7/1/21 $1,046K
10/1/21 $1,063K
Expected graduation: Early 2028 Late 2027
-
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
10/2021 $1.67M $2.46M
Down month, back below $2.5M NW, bummer.
-
I am long time reader but first time poster. I have read
about Mr. Money Mustache and this forum from a book.
I was waiting for my 1 M :) before I join this forum.
Unlike many of you I am not so young. I am almost 50.
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
June-2021 429 579 1008
July-2021 400 614 1014
Augt-2021 400 635 1035
Augt-2021 403 616 1019
-
Welcome @alex2918! What are your retirement plans?
-
Trifele, thank you.
I am planning to retire when my younger daughter finishes college in 9 years, I will be 58 then. If I can get to FIRE status before that I can go part time before that.
-
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)
Seems kind of anti-climatic compared to last month . . . but investment accts are still up $270K year over year, so no complaints from me. At this point I'm trying to just ignore any theoretical home equity increase, like a lot of folks here, because I'm not convinced that is completely real.
-
Indeed it's kind of strange how we ignore the value of real estate that we might not sell for seven years, but we're so anxious to mark-to-market assets in a retirement account that will be there for thirty years or more.
-
Indeed it's kind of strange how we ignore the value of real estate that we might not sell for seven years, but we're so anxious to mark-to-market assets in a retirement account that will be there for thirty years or more.
LOL. Yep. Stocks are probably overvalued by 20% just like real estate. Everything is in bubble mode.
I guess the only “real” difference is that for stock holdings we have basically standing offers for immediate sale at a specific price whereas our real estate value is being estimated based on similar stuff assuming all things being equal.
-
Trifele, thank you.
I am planning to retire when my younger daughter finishes college in 9 years, I will be 58 then. If I can get to FIRE status before that I can go part time before that.
@alex2918 Ooo, do we have a new member of the class of 2030? Take a look!
https://forum.mrmoneymustache.com/welcome-to-the-forum/'class-of'cohort-what-year-will-you-fire/
-
I have a co-worker who was concerned about his son's college costs (this is son's senior year in HS).
Son just announced he was signing up with US Army, so now co-worker will be retiring in about 100 days.
-
Looking forward to joining this thread shortly…. How did y’all celebrate your entry into the two comma club?
-
Looking forward to joining this thread shortly…. How did y’all celebrate your entry into the two comma club?
Funny thing is that every little (or not so little) milestone I’ve passed has been a little underwhelming after the initial 20 minute “high” of crossing the goalposts. When I crossed the $1M net worth number, it felt great for a minute but then it was quickly about wanting to have $1M in invested assets, and then it was about having 1.25 because we all know the market was in a bubble and none of it was “real”, and then when it was 1.5... well you get my point.
I think probably most of us still struggle with the “when is it enough” mentality, so I’m trying now to be a little freer with my money. If we weren’t in this supply chain mess, I would be shopping for a new car. I’ve had my current vehicle for 14 years and now that my stash is at a size where relatively minor market moves result in multiple tens of thousands of dollars change in my net worth, it is becoming much easier to imagine spending a few on a new vehicle without feeling like I’ve done something stupid.
-
Looking forward to joining this thread shortly…. How did y’all celebrate your entry into the two comma club?
Funny thing is that every little (or not so little) milestone I’ve passed has been a little underwhelming after the initial 20 minute “high” of crossing the goalposts. When I crossed the $1M net worth number, it felt great for a minute but then it was quickly about wanting to have $1M in invested assets, and then it was about having 1.25 because we all know the market was in a bubble and none of it was “real”, and then when it was 1.5... well you get my point.
I think probably most of us still struggle with the “when is it enough” mentality, so I’m trying now to be a little freer with my money. If we weren’t in this supply chain mess, I would be shopping for a new car. I’ve had my current vehicle for 14 years and now that my stash is at a size where relatively minor market moves result in multiple tens of thousands of dollars change in my net worth, it is becoming much easier to imagine spending a few on a new vehicle without feeling like I’ve done something stupid.
We just bought a new car. It's the first time we've bought new since 2003, but with used car prices being nuts right now, I figured I'd either lease a car for three years or, as it turned out, buy a car at 1.9% APR for six years. The dealer had a $10k markup on a $38k Toyota Venza, which I just laughed at. We paid MSRP, but with cars in short supply, I can deal with that. The car we bought had 4 miles on the odo, and had just arrived at the dealership that day. They had two other Venzas in stock, one of which was a demo model with 1300 miles (they said). They had both been sold by the time I checked the website a couple of days later.
So now we have one new car, and two 2011 cars, one of which is going to our daughter, who just got her license. I've been putting less than 2,000 miles a year on my car (now at 68k), so I'm planning on keeping it until it dies.
-
Well, I guess it's time for me to move from lurker to participant of this thread.
We have some commercial real estate investments, 529s, (and home equity) that technically push our total net worth well over $2MM, but I'm most interested in counting "investable assets" or "liquid net worth", though those terms don't seem that well defined to me. So these are the category on Personal Capital listed as "investments". They include index funds, stocks and bonds in 401k, HSA, Roth, and taxable brokerage accounts.
2/21/15 $400k
5/28/17 $500k (2 years, 3 months)
12/11/17 $600k (6 months, 2 weeks)
2/22/19 $800k (1 year, 2 months)
12/21/19 $1M (10 months)
8/19/20 $1.1M (8 months)
1/6/21 $1.2M (5 months)
4/15/21 $1.3M (3 months)
10/21/21 $1.4M (6 months -took some withdraws to support us during an unpaid sabbatical)
It's great fun to have somewhere to celebrate milestones without risk of offending! Thanks
-
I’ll be updating quarterly, so here is our December number.
Nov 2019: 1.001M
Dec 2019: 1.013M
So the whole updating quarterly thing went out the window, but a recent peek at our numbers suggest that we are half way there.
-
A friend of mine is an accountant (we have the same employer), but he told me it's his routine to do monthly net worth statements for his household. I imagine it's just a step in paying the bills.
-
Peeking in to say hello… our NW shot up over the 1M mark today, and our Investments aren’t far behind. Been quite a ride these past few years!
01/01/20: $760,565
03/01/20: $722,547
05/01/20: $728,683
07/01/20: $788,641
09/01/20: $735,846
11/01/20: $746,928
12/28/20: $813,604
06/05/21: $947,322
08/04/21: $975,000
10/28/21: $1,007,900
-
Peeking in to say hello… our NW shot up over the 1M mark today, and our Investments aren’t far behind. Been quite a ride these past few years!
10/28/21: $1,007,900
Congratulations on the milestone!
-
Cash and investments hit just over $1 million today on my Personal Capital dashboard. Caveat, 4% of it is unvested RSUs which I'm not planning to stick around to collect, but am hoping in a month or 3 between savings and gains it will hit $1 million without them.
Incredible milestone. Total NW $1.8 M. Only celebrated between these 4 walls and this forum.
Because we drive one ancient car, take public transit and bike, some acquaintances still think we are struggling.
-
Cash and investments hit just over $1 million today on my Personal Capital dashboard. Caveat, 4% of it is unvested RSUs which I'm not planning to stick around to collect, but am hoping in a month or 3 between savings and gains it will hit $1 million without them.
Incredible milestone. Total NW $1.8 M. Only celebrated between these 4 walls and this forum.
Because we drive one ancient car, take public transit and bike, some acquaintances still think we are struggling.
I hear you! I celebrated by drinking a glass of boxed wine, and texting my dad (one of the only people I can tell that sort of thing)
-
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
-
Nice rebound month.
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
-
Dec 2019: $1,030,547
Dec 2020: $1,355,244
Mar 2021: $1,455,964
Aug 2021: $1,682,847
Sep 2021: $1,641,323
Oct 2021: $1,715,983
Still bonkers. +$361k since beginning of this year.
-
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
10/1/21: $1.884M / 2.076M
11/1/21: $1.953M / 2.220M
Reason for the jump in TNW is that I gave in and marked our house to market, minus a 6% transaction fee.
-
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
-
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
It's like buying a new (to us) car in August never happened. Weird. Also, my brother and I bought a new rental property. Started the paperwork in June. Took until October to close. It was a property that had gone (was going?) into foreclosure. The bank that held the note had a hard time completing paperwork in a timely fashion. But it's done now, and everyone is happy.
I love being retired, and I continue to be grateful that we have SO MUCH money.
-
Another good month! I went back and reconstructed some history from earlier in 2020. Proceeds from sale of a home in May '20 put me over the million mark in liquid assets for the first the time. Soaring markets and ludicrous income have done the heavy lifting since then.
Liquid net worth
2020 2021
Jan $1,428K
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
-
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
Oct 04 2021 - 1.211M 1.185M
Oct 31 2021 - 1.261M 1.232M
Stache Highwater mark: October 31 2021 - 1.261M Total, 1.232M Stache
Missed updating this thread with the ~October 1st figures. Filled it in for the ~11/1 update.
Back to all-time highs by the end of the month is more fun, even if I should be rooting for a big downturn since I'm still accumulating.
Or am I still accumulating? I wound up moving $9,000 in profits from business to personal this month to get personal checking significantly further from zero that it was. I'd like to put another ~$9K into tax deferred accounts before the end of the year, but if I do that then I will likely have to take a few thousand out of our taxable investment accounts to keep the personal checking above zero. I suppose the point of coast-firing is to slowly enter the withdrawal phase, and if I do wind up "withdrawing" from taxable to cover personal expenses so these deferrals happen in the next two months, it is really more shuffling the balance sheet than actual withdrawing. Still feels super weird and I'm not sure I'm going to do it. I am sure about the HSA (~$4700 I still can do as employer HSA for 2021) - considering forgoing the last $4250 I have in employee 401K space for 2021.
Hopefully 2022, I just keep on keeping on with the part-time self employed arrangement and having the whole year to spread these things out over makes it less dramatic cash-flow wise in certain months.
-
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
Sup y’all.
-
(https://export-download.canva.com/d2jWw/DAEufZd2jWw/2/0/0001-11248216583.png?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIAJHKNGJLC2J7OGJ6Q%2F20211101%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20211101T055727Z&X-Amz-Expires=35599&X-Amz-Signature=16389ba3be75516a20418558a6343e125f5ab09de51d1a582cdb7da103940197&X-Amz-SignedHeaders=host&response-content-disposition=attachment%3B%20filename%2A%3DUTF-8%27%27Untitled%2520design.png&response-expires=Mon%2C%2001%20Nov%202021%2015%3A50%3A46%20GMT)
-
Hola, folks! Just graduated the last thread so peeking my head in over here. I may never graduate this thread since I plan on FIRE around 1.5-1.75M but that should take a couple years at least.
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 |
| 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 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | - |
-
Month End Updates
Liquid assets / Net worth
Dec 2017 $392.7K / $484.9K
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
Sept 2021 $920.2K / $1010.4K
Oct 2021 $955.3K / $1045.5K
-
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
Sept-21 1.83 MM 1.70 MM
Oct-21 1.88 MM 1.75 MM
There's a good chance I'll break 2.0 MM with my next update. This summer felt so slow, but still up $0.33 MM ytd.
-
Jan 1 2021: 1,145k
April 1, 2021: 1,268k
July 1, 2021: 1,375k
November 1, 2021: 1,596k
-
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
10/2021 $1.67M $2.46M
11/2021 $1.79M $2.56M
Crossed over $2.5M in TNW again, will it stick this time?
-
(Tracking savings/investments only)
Feb 1, 2016 - $90k
Apr 1, 2016 - $100k
Jan 1, 2017 - $177k
(Took 7 month sabbatical between Jan 1st 2017 and December 1st 2017)
Dec 1, 2017 - $187k
Jan 1, 2018 - $196k
Feb 1, 2018 - $214,462
Mar 1, 2018 - $225,651
Apr 1, 2018 - $238,764
May 1, 2018 - $251,725 (crossed $250k)
June 1, 2018 - $265,145
July 1, 2018 - $272,423
Aug 1, 2018 - $277,896
Sep 1, 2018 - $298,543
Oct 1, 2018 - $296,603
Nov 1, 2018 - $288,618
Dec 1, 2018 - $304,127
Jan 1, 2019 - $294,621
Feb 1, 2019 - $326,081
Mar 1, 2019 - $354,771
Apr 1, 2019 - $384,308
May 1, 2019 - $407,770
June 1, 2019 - $404,625
July 1, 2019 - $420,082
Aug 1, 2019 - $441,976
Sep 1, 2019 - $458,940
Oct 1, 2019 - $481,915
Nov 1, 2019 - $501,937 (Crossed $500k)
Dec 1, 2019 - $518,285
Jan 1, 2020 - $544,655
Feb 1, 2020 - $573,474
Mar 1, 2020 - $557,410
Apr 1, 2020 - $494,414
May 1, 2020 - $572,376
June 1, 2020 - $618,048
July 1, 2020 - $600,510
Aug 1, 2020 - $659,872
Sep 1, 2020 - $704,682
Oct 1, 2020 - $696,932
Nov 1, 2020 - $694,944
Dec 1, 2020 - $782,831
Jan 1, 2021 - $823,189
Feb 1, 2021 - $846,277
Mar 1, 2021 - $891,092
Apr 1, 2021 - $903,097
May 1, 2021 - $954,334
June 1, 2021 - $973,181
June 25, 2021 - $1,000,494 (Crossed $1MM)
July 1, 2021 - $1,002,759
Aug 1, 2021 - $1,022,662
Sep 1, 2021 - $972,952
Oct 1, 2021 - $944,614
Nov 1, 2021 - $1,036,993
Quit tracking for a bit while the net worth looked pitiful. Bought two cars and paid cash, and waited to sell my other car for a couple months. After all was said and done it was about a $55k hit to the net worth but I’m a car fanatic and these were a couple dream vehicles I won’t want to buy once I’m in FIRE, so that’s fine.
The good news is that I sold my 18 month old 2020 Corolla with 25k miles for just $1500 less than I paid for it new. So much for the massive depreciation people talk about when driving off the lot!
-
Hola, folks! Just graduated the last thread so peeking my head in over here. I may never graduate this thread since I plan on FIRE around 1.5-1.75M but that should take a couple years at least.
Bienvenida @afuera! I won't ever graduate since I pulled the plug at well under $1M, but you might if you FIRE with a stash like that. It can keep growing afterwards. Well done!
-
| | 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 | $1,333,026 | |
October | -$25,832 | $59,438 | $194,857 | $336,179 | $582,543 | $1,394,875 | - |
November | -$25,621 | $71,949 | $205,772 | $351,985 | $658,773 | - | - |
December | -$25,405 | $110,473 | $212,859 | $385,426 | $796,160 | - | - |
Saved $20,970 and went up by $61,849. And now I've completely forgotten that it went down last month. Yay free money.
Zero offers on our listed condo, so we'll have to take more of a bath on that than hoped it appears.
Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
-
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
-
I typically don't save this info more than once per year so I only have historical data for each January for the past several years. Do others here find it helpful to store this monthly, like I see in others post? Anyway, here's my annual data for the past 4 years and then current numbers. I only found MMM in May of 2020 so I guess I'm pretty fortunate to be where I am.
I guess technically I'm in the $2M to $4M race now, but I'll bet that I'll swing in and out of the $1 to $2M race for a little while.
| Date | LNW | TNW | | Jan-18 | $1.00 MM | $1.90 MM | | Jan-19 | $1.04 MM | $2.13 MM | | Jan-20 | $1.34 MM | $2.64 MM | | Jan-21 | $1.70 MM | $3.22 MM | | Oct-21 | $2.05 MM | $3.98 MM |
|
-
I typically don't save this info more than once per year so I only have historical data for each January for the past several years. Do others here find it helpful to store this monthly, like I see in others post?
I don't go out of my way to record our net worth specifically. Instead I track everything in GnuCash and can make reports of whatever I want over any time period/intervals. That way if I think of a new thing I'd like to track I already have the historical data available.
-
We bought a car last month, and our net worth went up more than the cost of the car. I like months like that.
Investments Total Net Worth
01/21 $715,830.12 $912,413.11
02/21 $726,985.41 $922,907.25
03/21 $747,745.59 $945,640.31
04/21 $761,337.21 $961,267.68
05/21 $787,057.51 $988,285.27
06/21 $796,402.24 $1,023,030.09
07/21 $818,623.08 $1,046,959.73
08/21 $831,474.82 $1,061,158.72
09/21 $856,243.23 $1,087,504.51
10/21 $832,731.09 $1,065,939.74
11/21 $880,725.17 $1,113,350.43
-
Do others here find it helpful to store this monthly, like I see in others post?
I don't think it's particularly useful, I am mostly doing it out of impatience.
-
07/23/21 Cash & investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
-
*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?
-
*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?
It's nice, come on in!
-
*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?
Heck yeah! Come on in @2Birds1Stone!
-
*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?
I'm in for the cookies! I just passed the entry exam yesterday, so I'll be jumping in with you next month if it holds!
-
Welcome 2Birds1Stone and pasadenafr
I'm hoping to graduate from the group this month, so I just wanted to let you know I'm not leaving just because you showed up. ;)
-
@2Birds1Stone @pasadenafr - you are both warmly welcomed into the group. However…if your entry effs things up for the rest of us, we’re going to have a real problem. ;)
-
| | 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 | - | - |
| December | $292,942 | $312,281 | $431,458 | $557,941 | $575,877 | $760,501 | $940,128 | - | - |
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.
-
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
-
@2Birds1Stone @pasadenafr - you are both warmly welcomed into the group.
Thank you 🤗
However…if your entry effs things up for the rest of us, we’re going to have a real problem. ;)
I feel like if we still qualify when graduation comes around (december!), we should be good? Hmm. I swear I'll be careful with your stache :)
-
@2Birds1Stone @pasadenafr - you are both warmly welcomed into the group.
Thank you 🤗
However…if your entry effs things up for the rest of us, we’re going to have a real problem. ;)
Yes, at that point you’ll be in the clear. So far, so good!
I feel like if we still qualify when graduation comes around (december!), we should be good? Hmm. I swear I'll be careful with your stache :)
-
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)
Somehow I am up multiple hundreds of thousands year over year.
And now I finally understand the phrase "the rich get richer." Huh.
I wish someone had explained all this to me when I was younger . . .
-
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)
Somehow I am up multiple hundreds of thousands year over year.
And now I finally understand the phrase "the rich get richer." Huh.
I wish someone had explained all this to me when I was younger . . .
I'm not sure if it's just the era we've been a part of or the actual act of saving itself, but yeah the growth is astounding.
I'm looking into some of our contributions and everything we've contributed now accounts for less than half of portfolio value. This is mind-blowing to me for some reason, but also shouldn't surprise me at the same time. I knew about compounding interest, i just never thought it would apply to me.
-
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)
Somehow I am up multiple hundreds of thousands year over year.
And now I finally understand the phrase "the rich get richer." Huh.
I wish someone had explained all this to me when I was younger . . .
I'm not sure if it's just the era we've been a part of or the actual act of saving itself, but yeah the growth is astounding.
I'm looking into some of our contributions and everything we've contributed now accounts for less than half of portfolio value. This is mind-blowing to me for some reason, but also shouldn't surprise me at the same time. I knew about compounding interest, i just never thought it would apply to me.
I feel the same surprise when looking at my investment account history. I think it's because we don't intuitively understand exponential growth over long time periods. We seem to be hardwired to think about things in a linear fashion over shorter time periods so the results of exponential growth don't seem obvious. Even if we understand exponential growth when we are young, it's on an academic level. We learn enough to pass math class. We don't make the deeper connection that it can have a significant impact on our finances.
Plus, a 20% increase on $1,000,000 is more impressive than 20% on $10,000. One generates multiple years of living expenses. The other is nice to have, but isn't a life changing amount of money so it's easy to ignore.
-
I'm at 1.75M as of today but that is largely because we just had our home appraised for a HEL and it went up 100k. Still will take the win, up $750,000 since July of 2020.
-
^Congrats!
Yeah, the housing market is on a rapid up escalator. I keep telling myself it can't last, but it has lasted in some parts of the world for years, so who knows?
-
I think it's because we don't intuitively understand exponential growth over long time periods. We seem to be hardwired to think about things in a linear fashion over shorter time periods so the results of exponential growth don't seem obvious. Even if we understand exponential growth when we are young, it's on an academic level. We learn enough to pass math class. We don't make the deeper connection that it can have a significant impact on our finances.
I remember in high school I had a teacher run us all through compounding and showed how anyone could be a millionaire by investing something like just $350/month. I don't remember the exact amount, but it was something in that ballpark with the assumption you would contribute to your investments from age 18 to ~60. But while I was intrigued mathematically I had to dismiss it practically because I wasn't making any money at that age anyway. It was roughly a decade later that I finally had enough spare cash to actually get serious about investing and at that point the math requires double the contributions to make up for the lost ten years of compounding...
-
I think it's because we don't intuitively understand exponential growth over long time periods. We seem to be hardwired to think about things in a linear fashion over shorter time periods so the results of exponential growth don't seem obvious. Even if we understand exponential growth when we are young, it's on an academic level. We learn enough to pass math class. We don't make the deeper connection that it can have a significant impact on our finances.
I remember in high school I had a teacher run us all through compounding and showed how anyone could be a millionaire by investing something like just $350/month. I don't remember the exact amount, but it was something in that ballpark with the assumption you would contribute to your investments from age 18 to ~60. But while I was intrigued mathematically I had to dismiss it practically because I wasn't making any money at that age anyway. It was roughly a decade later that I finally had enough spare cash to actually get serious about investing and at that point the math requires double the contributions to make up for the lost ten years of compounding...
I remember covering compounding in high school math class too, but it just didn't make the connection to my own saving and investing. It was just an abstract problem to solve for a test.
I'm in the middle of the whole "invest way more now to make up for the fact I didn't do any investing in my 20's" thing. I'm happy with the progress I made over the last several years, but I'm kicking myself for all the money I left on the table.
-
I think it's because we don't intuitively understand exponential growth over long time periods. We seem to be hardwired to think about things in a linear fashion over shorter time periods so the results of exponential growth don't seem obvious. Even if we understand exponential growth when we are young, it's on an academic level. We learn enough to pass math class. We don't make the deeper connection that it can have a significant impact on our finances.
I remember in high school I had a teacher run us all through compounding and showed how anyone could be a millionaire by investing something like just $350/month. I don't remember the exact amount, but it was something in that ballpark with the assumption you would contribute to your investments from age 18 to ~60. But while I was intrigued mathematically I had to dismiss it practically because I wasn't making any money at that age anyway. It was roughly a decade later that I finally had enough spare cash to actually get serious about investing and at that point the math requires double the contributions to make up for the lost ten years of compounding...
I remember covering compounding in high school math class too, but it just didn't make the connection to my own saving and investing. It was just an abstract problem to solve for a test.
I'm in the middle of the whole "invest way more now to make up for the fact I didn't do any investing in my 20's" thing. I'm happy with the progress I made over the last several years, but I'm kicking myself for all the money I left on the table.
I never covered it in classes, but I always played games like tower defense type things where they were like do you want to pay to upgrade your attack or pay to upgrade interest percent ? I always chose interest percent early on and never had an issue with currency.
-
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!
11/10/21 $1.926
We are so close with LNW. If I add in home equity (IDK, 105K a few payments in?) we are technically at $2M TNW.
I have been saying once we hit $2M we pull the plug. But I saw a post recently in the choose FI FB group, someone saying they just hit $4M. And it took them about 3 years to get from $2M to $4M. Now I'm wondering if I should wait out a few more years to try to get to that. IDK, there's always the next goal post, "enough" is a hard sell for me these days...
-
Omy is always more tempting the more money you already have invested.
Think hard about what you want your impact on the world to be, within what is reasonably attainable. Then think about what you need to make that happen. Could be continuing without retirement is the right path for you. Could be pulling the plug fully if what you need to do to live your best life. Very personal, but obtaining this level of security allows you the freedom to really make deliberate choices.
-
I never thought OMY would get harder the more you have. But I can see this being true. Yikes.
I'm not sure what I want. There is so much freedom that comes with this level of financial security. And also still a lot of concern and unknowns (healthcare, sequence of returns risk). Continuing to plug away at a bigger number and continually moving the goal post is just the easier thing to do compared to confronting the unknowns, I guess?
-
The interesting part is when your investments start returning more than you spend in a year, and more than you earn in a year. Keep an eye out for that, as it's the major sign that you are FI and able to retire when you choose to. Also, retirement sometimes isn't all it's cracked up to be. It can be boring and lonely if you don't have enough outside interests and friends who are around to do things with. Just my 2 cents.
-
Good points!
Our investment earnings have outpaced our spending 6 of the last 8 years and outpaced our income for 5 of the last 8 years. It is really wonderful to see. But those years when it doesn't quite cut it make me nervous! Especially now that we are first time homeowners and there's an entirely new category of spending to which we've opened the door. (Repairs and maintenance, improvements, things we never needed to deal with as renters.)
These days I work 100% remotely and I could easily see subtracting work from my life and really enjoying it. But I definitely want to be intentional about any big changes.
-
2019 $826,413
2020 $1,019,917
APR 2021 $1,100, 966
AUG 2021 $1,200,662
NOV 2021 $1,253,587
I usually only post here at 100k intervals, but I was excited enough about this number to merit the exception. As of last week, I'm officially at my original FI number. (Now increased significantly, given aspirations of kids and a VHCOL city, but still!) Almost eleven years in the making, and pretty exciting!
-
The interesting part is when your investments start returning more than you spend in a year, and more than you earn in a year. Keep an eye out for that, as it's the major sign that you are FI and able to retire when you choose to. Also, retirement sometimes isn't all it's cracked up to be. It can be boring and lonely if you don't have enough outside interests and friends who are around to do things with. Just my 2 cents.
Surely these are the Good Old Days, right? At least in the FI journey. As for the RE part, well, it's really a separate question. They're so often linked as though one is always with the other, but I expect it's usually not that simple.
-
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!
1.975 M TNW which will roll over 2M next week with the annual bonus. Investments doing well, still on path for RE on 4/3/23.
-
The interesting part is when your investments start returning more than you spend in a year, and more than you earn in a year. Keep an eye out for that, as it's the major sign that you are FI and able to retire when you choose to. Also, retirement sometimes isn't all it's cracked up to be. It can be boring and lonely if you don't have enough outside interests and friends who are around to do things with. Just my 2 cents.
Surely these are the Good Old Days, right? At least in the FI journey. As for the RE part, well, it's really a separate question. They're so often linked as though one is always with the other, but I expect it's usually not that simple.
LOL. We have two children in OOS college in CA and one more to launch 2023 likely in OOS college. It’s one of our biggest financial commitments, and until our youngest decides which colllege and the final tally, the RE for my husband is on the back burner. It’s a decision my husband made (I RE’d in 2019 earlier than planned) as he decided to pay for all their college expenses vs just a set number.
Our investments return more than their tuition/living costs, but not enough for our current lifestyle along with college. It’s a choice we have made. Choices are good to have though!
-
Total Net Worth
2011: zero
2012: 50K
2013: 100K
2014: 162K
2015: 282K
2016: 375K
2017: 457K
2018: 517K
2019: 650K
2020: 850K
2021: 1150K*
*150K is equity in primary home
About 80% is real estate rental equity. I subtracted 7% for realtor fees, if I were to sell.
-
The interesting part is when your investments start returning more than you spend in a year, and more than you earn in a year. Keep an eye out for that, as it's the major sign that you are FI and able to retire when you choose to. Also, retirement sometimes isn't all it's cracked up to be. It can be boring and lonely if you don't have enough outside interests and friends who are around to do things with. Just my 2 cents.
Surely these are the Good Old Days, right? At least in the FI journey. As for the RE part, well, it's really a separate question. They're so often linked as though one is always with the other, but I expect it's usually not that simple.
LOL. We have two children in OOS college in CA and one more to launch 2023 likely in OOS college. It’s one of our biggest financial commitments, and until our youngest decides which colllege and the final tally, the RE for my husband is on the back burner. It’s a decision my husband made (I RE’d in 2019 earlier than planned) as he decided to pay for all their college expenses vs just a set number.
Our investments return more than their tuition/living costs, but not enough for our current lifestyle along with college. It’s a choice we have made. Choices are good to have though!
Hear, hear on choices! I find freedom of choosing your destiny is a great type of freedom. Isn't that the best thing? Freedom!
-
I'm posting when we pass nice round numbers, rather than at set intervals. Today we just squeaked past a new milestone.
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
November 2021 - passed $1.6M
-
Looks like it's just under 6 month since I posted last... was at $1.40M then and am now at $1.577M.
Had some large expenses over the last few months, including some major house repairs. Net worth is now $1.625M
This assumes a very conservative house price, given a similar size house on our street sold for >$400K (!) more than I’ve valued ours. Just don’t believe these housing prices are sustainable so feel more comfortable with my estimate.
-
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
-
| | 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 | $1,333,026 | |
October | -$25,832 | $59,438 | $194,857 | $336,179 | $582,543 | $1,394,875 | - |
November | -$25,621 | $71,949 | $205,772 | $351,985 | $658,773 | $1,405,705 | - |
December | -$25,405 | $110,473 | $212,859 | $385,426 | $796,160 | - | - |
Saved $6,336 and went up by $10,830. Didn't feel like a gain from the losses in the last week but I suppose yay.
Zero offers on our listed condo, so we'll have to take more of a bath on that than hoped it appears. [Also had a kid late October and took most of November off work so just treading water is great].
Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
-
New to this race. Looking forward to making solid progress in my first 6 months here given an anticipated bonus and my Q1 accelerators (bonus, 401k match, raise).
(tracking retirement accounts, cash accounts and conservative equity in my rental properties and side businesses)
12/2014 $32,000
12/2016 $64,000 (24 months)
1/2018 $128,000 (25 months)
5/2019 $256,000 (16 months)
11/2020 $512,000 (19 months)
12/2021 $1,024,000 (13 months)
[7/2023 $2,048,000 (18 months)] **TARGET**
--
12/1/2021 $1,068,696.90
-
Welcome aboard @ingrownstudentloans!
We are FIREd and drawing down. Tracking cash and retirement investments for LNW; TNW adds in home equity and kids' 529 plans. So far the LNW is holding up, even through the dips.
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
-
Dec 2019: $1,030,547
Dec 2020: $1,355,244
Mar 2021: $1,455,964
Aug 2021: $1,682,847
Sep 2021: $1,641,323
Oct 2021: $1,715,983
Nov 2021: $1,708,048
It's been a bit of a bumpy month but overall still a great year so far. We're having another baby in December so after the short term disability pays out in December I'm expecting a few leaner months through about April 2022, since we'll be down to one income.
-
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
Although I hate down months (and I've seen some since I retired), we are up significantly over the year. All we do now is rock along. I believe I'm going to have to continue to track for a couple of years, but I can see a day where I don't track monthly anymore.
-
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
10/1/21: $1.884M / 2.076M
11/1/21: $1.953M / 2.220M
12/1/21: $1.918M / 2.178M
Tantalizingly close to the milestone before getting crushed over the last week and a half.
-
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 |
| 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 | - |
Pretty much broke even this month with normal saving/investing. I did just lower my Mega Backdoor Roth down to 0% for the first time in 4ish years. Feels weird but we are letting our stash ride while we build some more cash savings now that we are a one-income household. We are still maxing out all other tax-advantaged accounts but its definitely a mentality shift to not invest ALL our money.
-
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
10/2021 $1.67M $2.46M
11/2021 $1.79M $2.56M
12/2021 $1.80M $2.60M
Weird year, but I'll take it.
-
Liquid net worth
2020 2021
Jan $1,428K
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
-
Month End Updates
Liquid assets / Net worth
Dec 2017 $392.7K / $484.9K
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
Sept 2021 $920.2K / $1010.4K
Oct 2021 $955.3K / $1045.5K
Nov 2021 $939.2K / $1029.9K
-
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?
-
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.
-
Once you get in you have a 90 day grace period to stay, otherwise pack your bags and GTFO ;-)
-
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!
-
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)
-
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!!!
-
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...
-
NW 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
10/21: 1.30M
11/21: 1.34M
12/21: 1.33M |
-
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.
-
| | 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.
-
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.
-
| | 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!
-
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...
-
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.
-
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.
-
1,150,000 invested
1,800,000 NW total
I have serious OMY syndrome linked to golden handcuff disease.
-
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!
-
| 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 | TBD (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!
-
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.
-
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
-
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
-
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.
-
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
-
Welcome, new folks!
-
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!!
-
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.
-
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)
-
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!
-
^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.
-
*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
-
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.
-
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
-
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
-
| | 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 |
| 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 (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg2489550/#msg2489550) 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!
-
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
-
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.
-
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!
-
| 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.
-
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!
-
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
-
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!
-
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 (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg2765812/#msg2765812).
-
^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.
-
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.
-
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
-
Wow, looks like I skipped several months of updates--but here we are at year-end, so it's time! :)
HISTORY:
| Month/Year | Liquid Assets | Total Net Worth |
Jan-17
| $604K
| $883K
|
| Jan-18 | $836K | $1,095K |
| Jan-19 | $872K | $1,158K |
| Jan-20 | $1,122K | $1,438K |
YTD:
| Month/Year | Liquid Assets | Total 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.)
-
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.
-
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
-
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
-
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 | - |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | - |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | - |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | - |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | - |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | - |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | - |
| 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 | - |
That's a wrap for 2021! We are up almost $300K for the year which is pretty wild considering we dropped to one income and lowered investments in 2021.
The plan is to just keep chugging along with investments on auto-pilot the next few years and see what happens. Cheers, folks!
-
| | 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 | $1,333,026 | |
October | -$25,832 | $59,438 | $194,857 | $336,179 | $582,543 | $1,394,875 | - |
November | -$25,621 | $71,949 | $205,772 | $351,985 | $658,773 | $1,405,705 | - |
December | -$25,405 | $110,473 | $212,859 | $385,426 | $796,160 | $1,436,028 | - |
Saved $0 and went up by $30,323. I used my contributions this month to complete our charitable donations for the year, during accrual we're shooting at 1% of total net worth so donations this year were $15,000 through RC Forward to GiveWell.
Surprised of the gains this year, and hopefully we can continue the trend for awhile. Wife is on her second (and last?) maternity leave and we can't sell our old condo so we're trying to rent it out starting a week ago. It'll be nice to get that $2500 a month out of the red column but lesson's learned and all that.
@BiggerFishToFI if we convert our CAD to USD we're mighty close, or we could compete in Lira.. it sure is nice to look at that number.
Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
-
07/23/21 Cash & investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
-
NW (approx):
12/2020: $1,000k
Q121: $1,045k
Q221: $1,106k
Q321: $1,111k
Q421: $1,168k
Always wild to look at the total year, 168k gain for the year. My salary was $120k (NW grew by more than my entire salary, WILD!) and DH remained home to take care of our 1 yo daughter. I opened my first mutual fund when I was 19yo and I'm 31 now, when people say it's amazing how fast compound interest matters they aren't lying. These little green worker dollars went absolutely NUTS this year and I'm forever thankful to have started saving at such a young age in life. Transitioning from DINKs to SI1K was made far far easier by saving for it for a bunch of years that's for sure!
-
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
10/1/21: $1.884M / 2.076M
11/1/21: $1.953M / 2.220M
12/1/21: $1.918M / 2.178M
1/1/22: $1.972M / 2.252M
-
| | 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!
@arcturus Thanks for emerging to comment on my little post! Yes, I am still actively investing as my calculations show at least another 2-3 years needed to get to our FIRE point and consider a change. My wife has said she's going to likely keep doing her work, but maybe cut back and do some pro bono students as we'll have that space, and if she's working anyway I may just keep plugging away but at a much different mental state knowing that if I just start to hate what I'm in the middle of I have the full freedom to walk away and do something else. Truly life changing position to be in and one I look forward to. I have a bit of that now as I know we're close and could sustain some stoppage of income if needed, and I like the feeling.
-
Month End Updates
Liquid assets / Net worth
Dec 2017 $392.7K / $484.9K
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
Sept 2021 $920.2K / $1010.4K
Oct 2021 $955.3K / $1045.5K
Nov 2021 $939.2K / $1029.9K
Dec 2021 $964.7K / $1055.9K
-
| | 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 | $1,195,334 | - |
Ended up a bit, and over $250K up over December 2020, so I am amazed. I really love this layout as it makes visualizing the progress so easy.
Got a bit of a gut punch, of my own making, about my FIRE situation as I asked for details about health insurance and am starting to realize that I was ignoring a large expenditure that by it's nature means I need to adjust our FIRE number up, which pushes my date out. Off to go see what that looks like......
-
Year-end summary, wow, might graduate to the race to $2-4M thread this year!
LNW TNW
12/2019 $0.96M $1.43M
12/2020 $1.39M $1.91M
12/2021 $1.86M $2.68M
01/2021 $1.43M $1.96M
02/2021 $1.45M $2.00M
03/2021 $1.50M $2.05M
04/2021 $1.48M $2.04M
06/2021 $1.58M $2.29M
07/2021 $1.63M $2.45M
08/2021 $1.69M $2.49M
09/2021 $1.74M $2.53M
10/2021 $1.67M $2.46M
11/2021 $1.79M $2.56M
12/2021 $1.80M $2.60M
-
| | 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 | $1,195,334 | - |
Ended up a bit, and over $250K up over December 2020, so I am amazed. I really love this layout as it makes visualizing the progress so easy.
Got a bit of a gut punch, of my own making, about my FIRE situation as I asked for details about health insurance and am starting to realize that I was ignoring a large expenditure that by it's nature means I need to adjust our FIRE number up, which pushes my date out. Off to go see what that looks like......
Something to consider- I went down to 60% full-time last fall, that still gives me full health insurance. If you can arrange something like that, you could partial-FIRE (or I suppose FI-partial-RE)
-
(tracking retirement accounts, cash accounts and conservative equity in my rental properties and side businesses)
12/2014 $32,000
12/2016 $64,000 (24 months)
1/2018 $128,000 (25 months)
5/2019 $256,000 (16 months)
11/2020 $512,000 (19 months)
12/2021 $1,024,000 (13 months)
[7/2023 $2,048,000 (18 months)] **TARGET**
--
12/1/2021 $1,068,696.90
1/1/2022 $1,186,159.54
-
Month Year - LNW/TNW
Jan 2019 - $485k/$612k
Jan 2020 - $625k/$741k
Jan 2021 - $871k/$996k
Feb 2021 $1M total net worth!
Jan 2022 - $1.078k/$1.212M
Absolutely ridiculous, this market makes no sense to me with this whole pandemic.. good thing I don't time the market and just use index funds...
-
Understand how it goes, but have to admit I was a little disappointed that I didn't hit a milestone by 2022. Actually my networth dipped slightly from November, which is when I last checked . Oh well.
-
Wow impressive numbers!
I'm joining this thread, we are looking to FIRE to a VHCOL and figure we will need about 1.5 (will have a mortgage again), so we may not try to reach all the way to 2 but I'm sure this thread will inspire either way.
-
It's a tall project to move "up" in location as part of FIRE. A family with whom I was close in my younger days recently announced their retirement. They own houses both in Berkeley and Austin, but--citing the mom's allergies--are opting to sell the Austin house ($500,000 for an opulent 3,400 ft^2) and live in the Bay area house (seven figures, 1,400 ft^2).
I understand the argument for shrinking living space for a retired couple, but there's a ton of cash stuck in that house.
-
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
-
(tracking retirement accounts, taxable accounts and conservative equity in my rental properties, investment land and side businesses)
12/2014 $32,000
12/2016 $64,000 (24 months)
1/2018 $128,000 (25 months)
5/2019 $256,000 (16 months)
11/2020 $512,000 (19 months)
12/2021 $1,024,000 (13 months)
[7/2023 $2,048,000 (18 months)] **TARGET**
--
12/1/2021 $1,068,696.90
1/1/2022 $1,186,159.54
2/1/2022 $1,693,246.96 - HUGE increase due to time of year (portion of what I expect to be a very large bonus paid) plus the closing on 2 raw land projects that have been in the works for some time paid in cash with money not been previously counted as part of the "race". Next month may graduate me depending on timing of balance of bonus and employer side-401k payment.
-
Coming from the $500K to $1M thread.
Invested assets only.
2016 402K
2017 585K
2018 628K
2019 802K
2020 1,016K
2021 1,200K
-
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-21 nw 1,032 liquid 829
a down month? Outrageous!! The top is in!
-
01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
Abnormally high bonus compensation offset market losses, woohoo.
-
Is it strange that--as I've gotten further into this journey--my awareness of my net worth and belief that it is well-measured have deteriorated significantly?
-
Is it strange that--as I've gotten further into this journey--my awareness of my net worth and belief that it is well-measured have deteriorated significantly?
Nah it's like a more you know they more you realize you know nothing kind of thing
-
| | 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 |
| 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 |
Well, that didn't last long. But I refuse to leave! I'm not going back to the other thread :D
-
Month End Updates
Liquid assets / Net worth
Dec 2017 $392.7K / $484.9K
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
Sept 2021 $920.2K / $1010.4K
Oct 2021 $955.3K / $1045.5K
Nov 2021 $939.2K / $1029.9K
Dec 2021 $964.7K / $1055.9K
Jan 2022 $931.1K / $1023.3K
@turketron - I almost fell below the limit during the month too, and thought I might have to return to the previous race.
-
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 | - |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | - |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | - |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | - |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | - |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | - |
| 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 | - |
Barely stayed in this thread, back to October numbers. Losses would have actually been a little higher but my lump sum pension payout jumped up a crazy amount this month which I don't really understand.
My pension seems like funny money to me so I just ask fidelity how much it would be if I withdrew the whole thing this month (penalties and all) and that's all I count.
-
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
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
-
| | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
January | - | -$25,189 | $116,236 | $230,742 | $402,238 | $820,660 | $1,401,838 |
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 | $1,333,026 | |
October | -$25,832 | $59,438 | $194,857 | $336,179 | $582,543 | $1,394,875 | - |
November | -$25,621 | $71,949 | $205,772 | $351,985 | $658,773 | $1,405,705 | - |
December | -$25,405 | $110,473 | $212,859 | $385,426 | $796,160 | $1,436,028 | - |
Saved $5,750 and went down by $34,190.
Contributions this year will be a little odd as they are claw back payments to loans that were invested rather than straight contributions. Namely this means we'll do very little and then it'll seem like a large lump sum that was actually invested 2 years ago.
This will also be a slow year, with my wife on maternity leave and our old condo not selling at all so we just moved tenants in at a small loss (less than principal payments but I still believe that's a loss).
Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
-
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: $1,298k
September 2021: 1,270k
Note the drop from July to September was paying cash for the pool.
October 2021: 1,288k
November 2021: 1,293k
December 2021: 1,312k
January 2022: 1,278k
-
Is it strange that--as I've gotten further into this journey--my awareness of my net worth and belief that it is well-measured have deteriorated significantly?
Nah it's like a more you know they more you realize you know nothing kind of thing
Indeed the very concept of Net Worth at a single time doesn't mean very much because it will take us years to fulfill its purpose in our lives, during which it will change.
-
Is it strange that--as I've gotten further into this journey--my awareness of my net worth and belief that it is well-measured have deteriorated significantly?
Nah it's like a more you know they more you realize you know nothing kind of thing
Indeed the very concept of Net Worth at a single time doesn't mean very much because it will take us years to fulfill its purpose in our lives, during which it will change.
Agree. I don't track NW at all, it is meaningless to me.
-
| | 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 |
| 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 |
Well, that didn't last long. But I refuse to leave! I'm not going back to the other thread :D
Security! We've got one over by the caviar station! : )
-
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.
Updating for Jan 31st 2022.
Thanks to the late push last couple of days or else it would be worst.
Rental 250,000- Paid off. getting only $10k of net income per year.
Primary 158,060- 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 29.494
IRA-roth 124,410
IRA 78,395
Inx funds 152,736
401k 27,098
Wife 401k 42.142
Wife HSA 8,900
Wifes IRA 99,290
Loan 176,990- Other house equity. Loan being paid back @3.5%.
Cash 28,719-
Etrade 140,623- I made $21k from trading stocks. Still can't beat the SP500 LOL
TastyWorks 28,151
Gold 6,000
$1,416,008- Net Worth.
$1,261,948- Without primary home.
A decrease of ~$28.5k for the first month.
-
| | 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 |
| 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 |
Well, that didn't last long. But I refuse to leave! I'm not going back to the other thread :D
Security! We've got one over by the caviar station! : )
Give me a break. This thread is all millionaires. You'll need to specify which caviar station.
-
If someone falls back down to six digits, we should give them extra caviar to tide them over until they can pay back into the system.
-
Old data:
| 2015 DEC | : | 252k | <- Crossed 250k |
| - | - |
| 2016 JAN | : | 260k | (+8k) |
| 2016 FEB | : | 281k | (+21k) |
| 2016 MAR | : | 285k | (+4k) |
| 2016 APR | : | 298k | (+13k) |
| 2016 MAY | : | 305k | (+7k) |
| 2016 JUN | : | 307k | (+2k) |
| 2016 JUL | : | 320k | (+13k) |
| 2016 AUG | : | 326k | (+6k) |
| 2016 SEP | : | 336k | (+10k) |
| 2016 OCT | : | 337k | (+1k) |
| 2016 NOV | : | 361k | (+24k) |
| 2016 DEC | : | 368k | (+7k) |
| - | - |
| 2017 JAN | : | 382k | (+14k) |
| 2017 FEB | : | 403k | (+21k) |
| 2017 MAR | : | 416k | (+13k) |
| 2017 APR | : | 427k | (+11k) |
| 2017 MAY | : | 436k | (+9k) |
| 2017 JUN | : | 449k | (+13k) |
| 2017 JUL | : | 464k | (+15k) |
| 2017 AUG | : | 478k | (+14k) |
| 2017 SEPT | : | 494k | (+16k) |
| 2017 OCT | : | 510k | (+16k) <- Crossed 500k |
| 2017 NOV | : | 523k | (+13k) |
| 2017 DEC | : | 534k | (+11k) |
| - | - |
| 2018 JAN | : | 558k | (+24k) |
| 2018 FEB | : | 569k | (+11k) |
| 2018 MAR | : | 560k | (-9k) |
| 2018 APR | : | 574k | (+14k/+5k) |
| 2018 MAY | : | 575k | (+1k) |
| 2018 JUNE | : | 575k | (+0k) |
| 2018 JULY | : | 599k | (+24k) |
| 2018 AUG | : | 620k | (+21k) |
| 2018 SEPT | : | 625k | (+5k) |
| 2018 OCT | : | 597k | (-28k) |
| 2018 NOV | : | 606k | (+9k/-19k) |
| 2018 DEC | : | 580k | (-26k/-45k) |
| - | - |
| 2019 JAN | : | 628k | (+48k/+3k) |
| 2019 FEB | : | 666k | (+38k) |
| 2019 MAR | : | 677k | (+11k) |
| 2019 APR | : | 706k | (+29k) |
| 2019 MAY | : | 670k | (-36k) |
| 2019 JUNE | : | 709k | (+39k/+3k) |
| 2019 JULY | : | 712k | (+3k) |
| 2019 AUG | : | 720k | (+8k) |
| 2019 SEPT | : | 725k | (+5k) |
| 2019 OCT | : | 753k | (+28k) <- Crossed 750k |
| 2019 NOV | : | 777k | (+24k) |
| 2019 DEC | : | 798k | (+21k) |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k) |
| 2015 DEC | : | 252k | |
| 2016 DEC | : | 368k | |
| 2017 DEC | : | 534k | |
| 2018 DEC | : | 580k | |
| 2019 DEC | : | 798k | |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k)<-Crossed 1m |
| 2020 SEP | : | 979k | (-23k/-23k) |
| 2020 OCT | : | 971k | (-8k/-31k) |
| 2020 NOV | : | 1.058mm | (+87k) |
| 2020 DEC | : | 1.100mm | (+42k) |
| - | - |
| 2021 JAN | : | 1.100mm | (+0k) |
| 2021 FEB | : | 1.140mm | (+40k) |
| 2021 MAR | : | 1.165mm | (+25k) |
| 2021 APR | : | 1.202mm | (+37k) |
| 2021 MAY | : | 1.209mm | (+7k) |
| 2021 JUNE | : | 1.243mm | (+34k) |
| 2021 JULY | : | 1.266mm | (+23k) |
| 2021 AUG | : | 1.307mm | (+41k) |
| 2021 SEPT | : | 1.281mm | (-26k/-26k)[/b] |
| 2021 OCT | : | 1.340mm | (+59k) |
| 2021 NOV | : | 1.330mm | (-10k/-10k)[/b] |
| 2021 DEC | : | 1.374mm | (+44k) |
| - | - |
Jan -> Nov | |
| 2022 DEC | : | 1.318mm | (-56k) |
Wow, where has the year gone? It's a bit crazy that this is my only post from 2022. I was posting every. single. month for actual YEARS. I think it's clear that after the 1MM mark, it starts to just feel like autopilot.
So where am I? As far as finances go, the market has been down(ish) but really it isn't that bad. Down 50k give or take total, of course, thats after adding another 100k to the pot via less debt, 401k etc.
It's a bit odd, when I started this I was 24ish and thought I had a good chance at FIRE by 30, now at 32 it's a bit sureal that, that much time has passed, and yet, I am not FIREed. My lifestyle is probably 4-5 TIMES what it was back then. I own a large house, a sports car, I travel internationally as much as I can (especially now that borders are open again). I am living life, and still maintaining a 40-60% savings rate doing it.
My major nest egg is built, the massive pile of cash I have will out-earn me in good years already. That said, my new FIRE target is 2.5MM, a number I will likely have by 40-45. It feels good knowing, anytime between that and now, I could just downsize and take the time. I think what I have gained in the last 2-3 years is freedom mainly.
I wish everyone a wonderful 2023 and hopefully I post more updates this year!
-
Vested six figures of restricted stock last month, down anyway. Tears in rain. Reminding myself I want lower prices when I’m accumulating. Cash bonus coming shortly — we’ll see if it will graduate me to the next thread.
Liquid net worth
2020 2021 2022
Jan $1,428K $1,979K
Feb $984K $1,463K $1,967K
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
-
For some reason I've never done one of these, but here we are-exactly one year to the day from when we hit 1M invested, so-I guess let's check the progress.
2/9/21 $1004483
2/9/22 $1249290 (+244807)
Holy cow! Thanks bull market and compound interest. We cracked the 100k combined income first in 2016, and this year we made it to 150k. Still working on convincing my husband that we are closer to FIRE than he thinks :)
-
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
-
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
Still going in the wrong direction.
-
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
Still going in the wrong direction.
If that freaks you out, start tracking the number of shares you own instead.
-
Month End Updates
Liquid assets / Net worth
Dec 2017 $392.7K / $484.9K
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
Sept 2021 $920.2K / $1010.4K
Oct 2021 $955.3K / $1045.5K
Nov 2021 $939.2K / $1029.9K
Dec 2021 $964.7K / $1055.9K
Jan 2022 $931.1K / $1023.3K
Feb 2022 $913.1K / $1005.3K
-
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
12/21 - $1,097,677 $1,494,954
01/22 - $1,048,207 $1,362,781
02/22 - $1,009,070 $1,328,149
Apparently, I forgot to post for a couple of months (but I didn't forget to track). I think this post catches me up. Still here (barely) and not planning to leave!! We've had more down months than up months since we retired, but adding my 2021 total to my list and reviewing the growth reminds me that we are still in phenomenal shape and have WAY more money that I dreamed we have at this point in our lives.
I think the pain mostly comes from not contributing (all the posts re. buying stocks on sale! remind me that I'm not buying stocks any more). Staying the course for now. And if the time comes to change the course, what that means for me is decreasing or stopping withdrawals from the stash, not changing my investments. I'm fine with those for the long term.
-
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
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
-
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
Still going in the wrong direction.
If that freaks you out, start tracking the number of shares you own instead.
Nah, no freakouts here. I follow a written IPS and have invested consistently through far worse. Just would be nice to hit that next milestone since I came tantalizingly close in early Jan. Now that I'm coast-FI the contributions don't make much of a difference, so it's mostly a waiting game.
-
01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
03/01/2022 - $1,053,800
-
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 | - |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | - |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | - |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | - |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | - |
| 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 | - |
Still here in this race by the skin of my teeth. Next month is bonus month so I'm hoping the sale lasts until then when I'll max both IRAs for the year.
-
| | 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 |
| 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 |
Still down, but that just means stocks are on sale! I have a bonus coming next week, and got a raise, so that should help me crawl out of this hole.
-
(tracking retirement accounts, taxable accounts and conservative equity in my rental properties, investment land and side businesses)
12/2014 $32,000
12/2016 $64,000 (24 months)
1/2018 $128,000 (25 months)
5/2019 $256,000 (16 months)
11/2020 $512,000 (19 months)
12/2021 $1,024,000 (13 months)
[7/2023 $2,048,000 (18 months)] **TARGET**
--
12/1/2021 $1,068,696.90
1/1/2022 $1,186,159.54
2/1/2022 $1,693,246.96
3/1/2022 $1,883,442.79 - don't get the bonus until end of this month, so will graduate then barring any unforeseen issues. Short run here and don't see if going as quickly for the next one...though that would be cool.
-
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: $1,298k
September 2021: 1,270k
Note the drop from July to September was paying cash for the pool.
October 2021: 1,288k
November 2021: 1,293k
December 2021: 1,312k
January 2022: 1,278k
February 2022: $1,289k
We saved about $20k this past month and our investments only went up $11k, lol. I guess I can just look at it as accumulating more shares than we could have in December.
-
| | 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 | - | - |
| 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 | $1,195,334 | - | - |
Pretty happy with how things are holding. Just staying the course. This is the worst time to lock in your losses, so just look the other way and trust the process.
-
Excited to join this race!
Quotes below are from the $500k to $1M race.
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.
Checking back in after bonus & RSU vesting. Hopefully I’m solidly in this race now but who knows what will happen.
Jan ‘22: $946k
Feb ‘22: $1,005k (RSU vesting)
Today: $1,088k
Hopefully I’m buying in at a discount. I can’t bring myself to perfectly lump sum the bonus into this turbulence so I’m dropping it in over the rest of March, balancing the logic of time in the market with the emotional reality of loss aversion. At least once it’s all in I can go back to not paying attention to the market.
Feeling really ready for a sabbatical but doing my best to make it through at least one more bonus cycle. I’m still mid thirties so I have a lot more time to add to the stash before retiring forever, even after a break, but these could be peak earnings & accumulation years. Taking a few days off for spring break in FL next week, trying to create balance without out right quitting for now.
-
Wow, weird to see that quote back and realize only 2 months ago I thought work was “better.” Even “better” in a corporate mid-senior leadership context just sucks, no matter how you slice it.
I have so many projects I want to do for fun and adventures I want to go on. Work really gets in the way of that.
-
Down from $1,736,566 in January to under 1.6MM today. I'm continuing to invest as usual but it's definitely no fun seeing the fall occurring.
-
I'm just about to graduate from this thread in a few days time. It's bonus week at work, and once the money hits the account I'll tick over the $2m line.
First crossed $1m in mid 2017 (age 31), and here we are 5 years later at 36 passing 2.
I think when I first posted here in 2012 I said I could be done with $800k and a paid off house but inflation / cost of living has other ideas (even in a low inflation environment that we've had for the last 10 years).
One thing I've learned is you cannot set in stone a plan and then leave it forever - you need to revise, tinker, update as your circumstances change. BUT my little secret to success is sticking to a formula that will work over a long period of time. I never chased fads, and totally ignored crap like crypto, meme stocks, and the like. You don't want to be having to change tack every 6-12 months.
Boring ETF stocks and property - buy, hold, repeat.
thanks all - those who were here a decade ago and those who are here now for all your words of wisdom.
-
Thanks for the parting wisdom, Marty998! Enjoy the caviar in the next race!
-
Thanks for the parting wisdom, Marty998! Enjoy the caviar in the next race!
Caviar lol. If there was some of that then I'd never have gotten this far haha
-
First joined this race a year ago when we passed 1 million liquid net worth. Started with less than 100k ten years ago.
Currently at 1.188 Liquid/ 2.1 total. We have been getting a lot of calls from realtors lately as the average selling price here jumped about 20% since last fall. Basing this off of liquid but we will likely sell and move when we retire.
-
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
12/21 - $1,097,677 $1,494,954
01/22 - $1,048,207 $1,362,781
02/22 - $1,009,070 $1,328,149
03/22 - $1,033,870 $1,354,254
Well, I panicked. I just couldn't stop myself. I didn't change anything about our investments, but I did stop making withdrawals. We can live on our pensions, social security, and rentals. But withdrawals makes it more comfortable, and I was 'saving up' for a new-to-me vehicle. But the decreases in our portfolio were killing me so we stopped the withdrawals. We'll see how it goes for 6 months or so. I'm not going to go without or anything crazy like that. And will likely take out a lump sum at the end of the year (depending on how things are going). But for now, I'm breathing a little easier (although I am also beating myself up for being afraid). We're just too early in the game to be foolish, especially when it's not necessary.
-
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
-
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)
Mar 2022 $1.52MM $1.97MM (+$0K) Life could be worse, that's for sure. ;-)
Meh. The widening gap between our LNW and TNW makes me wonder how anyone around this town will be able to afford buying a home at this rate.
-
01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
03/01/2022 - $1,053,800
04/01/2022 - $1,113,000
-
Decided to start tracking quarterly this year, and pay less attention to my accounts than normal. I've been tracking monthly for nearly 5 years, and as we're nearing our FI number want to start taking a longer term look at things.
Glad to be treading water this quarter
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
03/31/22 $1,079,907 $1,261,231
-
Month End Updates
Liquid assets / Net worth
YE 2017 $392.7K / $484.9K
YE 2018 $476.8K / $554K
YE 2019 $621.3K / $703.1K
YE 2020 $804.3K / $889.2K
YE 2021 $964.7K / $1055.9K
Jan 2022 $931.1K / $1023.3K
Feb 2022 $913.1K / $1005.3K
Mar 2022 $943.2K / $1036.4K
-
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
-
| | 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 |
| 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 feel like this is within the margin of error, right? Rounding up, I'm definitely back to $1 million!
-
LNW took a dip but we are on pace to max out our IRAs, 457bs, and continuing to build time in towards our pensions. 2022 has been off to a rocky start for us as our 12 year old daughter had a mental health crisis that didn't allow my wife to work for almost two months. But spring is coming and better days are ahead!
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
2020- $1.35M
2021- $1.68M
Apr 2022- $1.603M + $128k in kiddos 529 and brokerage accounts
-
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
-
LNW TNW
12/2019 $0.96M $1.43M
12/2020 $1.39M $1.91M
12/2021 $1.86M $2.68M
04/2022 $1.81M $2.84M
LNW is still down from the January drop, TNW is increasing due to the insane housing market, still plugging away at it!
-
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
ok down a little bit doesn't seem so bad until we consider every dollar is worth about 10% less this year compared to last... ick.
But, perspective. We're all still here and most of us aren't in an active war zone. It could be oh so much worse. And might still get there.
When I experience sticker shock at the gas pump at least I can think fond thoughts of my big pile of stash. I feel for the folks who are less fortunate and don't have the slack in their budgets to handle everything being so much more expensive.
I also give a little stink eye to all those people who thought it was such a great idea to hand out all that free money over the past couple of years, as though there would be no down side. But I'm sure everyone has learned that lesson now and they won't - ok LOL I can't even finish typing that. We know better.
-
I am moving on to the next thread after 23 months. I found MMM about 11 years ago. I don’t have great records from that time, but I doubt I had more than $100K invested. It took roughly 9 years from there to the first million and then 2 years for the second million thanks to big increases in income in recent years and a white hot stock market. MMM was a big help to me in getting here. Happy travels to all on the journey.
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
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
-
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
Sometimes the number goes down...
-
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)
April-22 $1,864,657 (-$55,812)
JGS
-
(tracking retirement accounts, taxable accounts and conservative equity in my rental properties, investment land and side businesses)
12/2014 $32,000
12/2016 $64,000 (24 months)
1/2018 $128,000 (25 months)
5/2019 $256,000 (16 months)
11/2020 $512,000 (19 months)
12/2021 $1,024,000 (13 months)
[7/2023 $2,048,000 (18 months)] **TARGET**
--
12/1/2021 $1,068,696.90
1/1/2022 $1,186,159.54
2/1/2022 $1,693,246.96
3/1/2022 $1,883,442.79 - don't get the bonus until end of this month, so will graduate then barring any unforeseen issues. Short run here and don't see if going as quickly for the next one...though that would be cool.
4/1/2022 $2,336,219 - bonus came in. Quick race. See you in the next one
-
Starting this new race today. Took about 40 months to get here and hoping this tour will take about the same.
4/2022 - $1.03M
-
I haven't checked my NW for a bit, so I thought perhaps I ought to update here. We moved up to this challenge in October, and while things were a little rocky there at the turn of the year, I haven't changed a thing. Just continuing to plug along.
| 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 |
-
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: $1,298k
September 2021: 1,270k
October 2021: 1,288k
November 2021: 1,293k
December 2021: 1,312k
January 2022: 1,278k
February 2022: $1,289k
March 2022: $1,342.6k
-
NW (approx):
12/2020: $1,000k
Q121: $1,045k
Q221: $1,106k
Q321: $1,111k
Q421: $1,168k
Q122: $1,169k - welp the Q1 market conditions were down so NW is down. We actually had a strong Q1 though - front loaded both IRAs and I got a nice bonus so shoved $12k in our taxable account. It'll go up again and we have more shares now so that's good :)
-
| | 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 |
| 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 feel like this is within the margin of error, right? Rounding up, I'm definitely back to $1 million!
You have anything in the house you can sell to a neighbor for $15?
-
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
I'm starting to sell my rental houses. My goal is to sell one or two each year when they become vacant. Then I will put that money somewhere less stressful. In 2020 I sold one for a small loss. In 2021 I sold one for a profit of 30K. This month I'm putting another on the market and should make 50K in profit. As a group they've made good money over the years and make sense to continue to hold. However, I'm fine making decisions that are not purely financial. They stress me out so they can go.
-
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
-
Month End Updates
LNW / TNW
YE 2017 $392.7K / $484.9K
YE 2018 $476.8K / $554K
YE 2019 $621.3K / $703.1K
YE 2020 $804.3K / $889.2K
YE 2021 $964.7K / $1055.9K
Jan 2022 $931.1K / $1023.3K
Feb 2022 $913.1K / $1005.3K
Mar 2022 $943.2K / $1036.4K
Apr 2022 $890.7K / $1034.4K
-
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
Our only saving grace this month was an abnormally high/lumpy income.
-
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
Mmm, mmm, that medicine tastes good.
-
Oof...
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
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
-
Oof...
Welcome back!
-
It's interesting seeing not only the declines for 2022 (which I totally expected), but also the jumps for 2021q1 (which totally weren't what I expected).
-
LNW TNW
12/2019 $0.96M $1.43M
12/2020 $1.39M $1.91M
12/2021 $1.86M $2.68M
01/2022 $1.86M $3.17M
04/2022 $1.81M $2.84M
05/2022 $1.69M $3.06M
Investments are significantly down YTD, house value is soaring, not the trend I wanted to see.
We've been taking advantage of the IBonds to shelter some cash but are now maxed out so need to find another safe haven...
-
According to today's mail, an inherited amount has now put my LNW into this thread. I'd been waiting until the official confirmation arrived to make the jump over. Though I do have to say that it feels weird to be jumping forward and sliding back at the same time.
-
| | 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 |
| 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 |
-
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
Oct 04 2021 - 1.211M 1.185M
Oct 31 2021 - 1.261M 1.232M
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
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Apparently have missed several months updating this thread. Streamlined our processes so I have been good about updating the spreadsheet at least so I can fill in the gap. I guess $100K down in just about 1 month should be taken as an indicator we're rich?
-
. I guess $100K down in just about 1 month should be taken as an indicator we're rich?
Now THAT'S a positive spin!! I like it!!
-
Just got the other inherited 401k statement as of the end of April, so I put the numbers together and my new baseline comes to:
April 2022: 1.5 invested / 1.9 TNW
I knew we'd crossed over into double commas together, but I had no idea by how much. Might very well have been in the and beyond thread temporarily, but will just keep plugging away at least for the remainder of the year.
-
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: $1,298k
September 2021: 1,270k
October 2021: 1,288k
November 2021: 1,293k
December 2021: 1,312k
January 2022: 1,278k
February 2022: $1,289k
March 2022: $1,342.6k
April 2022: $1,239.3k
Didn't realize I forgot to update for April, going backwards.......even further backwards for May at this point, lol. Good thing I chose this year to also set goals and track what I'm actually saving. Although it feels like spitting into the wind at this point. But looking at this helps me realize that I really only lost a year's worth of investments, although if I factor in that I've invested probably another $100-$150k in that time frame it's back about ~18 months in time.
-
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
-
I moved to a quarterly update cadence last year and I find it's less stressful during down market times such as the one we're currently experiencing.
However, I couldn't help myself and I checked balances a couple of weeks ago when the S&P was just over 3900 (-18.2% YTD at that time). I was actually pleasantly surprised. I was (and am) down quite a lot of money but the stash is still holding up pretty well.
Perspective matters, of course. With the other problems in the world right now, seeing that my wealth is down a couple hundred grand is not such a big deal emotionally. I'm grateful that the war in Europe has so far not exploded into a direct conflict with nuclear weapons or that the power grid in the US hasn't been attacked (at least not successfully). We in this thread can afford to view money related issues as second level concerns (or third level) and we should be grateful for that.
This inflation stuff is getting out of control though. I'm generally pretty blasé about things like gas prices and food prices because I'm not on a budget in any meaningful sense and it doesn't really affect me. So when even I stare at the gas pump in disbelief after filling the car, I know it's really starting to impact other people.
-
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
-
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
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
-
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
-
LNW TNW
12/2019 $0.96M $1.43M
12/2020 $1.39M $1.91M
12/2021 $1.86M $2.68M
01/2022 $1.86M $3.17M
04/2022 $1.81M $2.84M
05/2022 $1.69M $3.06M
06/2022 $1.65M $2.98M
Still dropping for us, not as fast as before at least.
-
Month End Updates
LNW / TNW
YE 2017 $392.7K / $484.9K
YE 2018 $476.8K / $554K
YE 2019 $621.3K / $703.1K
YE 2020 $804.3K / $889.2K
YE 2021 $964.7K / $1055.9K
Jan 2022 $931.1K / $1023.3K
Feb 2022 $913.1K / $1005.3K
Mar 2022 $943.2K / $1036.4K
Apr 2022 $890.7K / $1034.4K (updated home value - still using figure significantly less than current actual value)
May 2022 $900.9K / $1044.7K
-
| | 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 |
| 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 |
-
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: $1,298k
September 2021: 1,270k
October 2021: 1,288k
November 2021: 1,293k
December 2021: 1,312k
January 2022: 1,278k
February 2022: $1,289k
March 2022: $1,342.6k
April 2022: $1,239.3k
May 2022: $1,244.1k
-
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
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Hurray for the resumption of slight increases!
-
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
it goes down. but such is life. not looking to go back to work yet!!
-
It's a tall project to move "up" in location as part of FIRE. A family with whom I was close in my younger days recently announced their retirement. They own houses both in Berkeley and Austin, but--citing the mom's allergies--are opting to sell the Austin house ($500,000 for an opulent 3,400 ft^2) and live in the Bay area house (seven figures, 1,400 ft^2).
I understand the argument for shrinking living space for a retired couple, but there's a ton of cash stuck in that house.
I am intrigued that they are going against the trend of moving from CA to TX.
With increasing taxes, and affordability issues, increasing social problems like homeless and street drug users, and looming issues on power and water supply. I told the boyfriend we ought to take a trip down there and see it before it goes all Mad Max, and only half-joking.
-
De gustabis no est dispuntandum.
Husband is a college professor, and both are foreign born. Son lives abroad, so no young family pulling them to one or the other jurisdiction.
Climate in SF is wayyyyyy better.
-
Whelp, it's official. I haven't tallied up the real numbers, but I'm fairly sure as of yesterday's fall, I'm not even a millionaire anymore. From a high of $1.27mil in December.
I'm officially in "just make your contributions and don't look at it again until the market is on the upswing," territory.
-
I happened to listen to JL Collins' guided meditation for when the market is wayy down, and I found it very re-assuring.
-
@rebel_quietude, similar number at the same time. I haven't checked in 5 months but I'm pretty sure I have lost a comma.
-
Same here, not looking unless I hear rumbling of a RBD to see if there's any TLH opportunities.
Otherwise, I just DCA into 401k every 2 weeks and whenever I've gathered a few thousand for taxable (less frequent now that I'm part time)
I thought I was going to hit my number by the end of this year and then this year happened :(
Oh well, still going to be OK no matter as I'm not planning to RE until a 3-4 more years...
-
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
-
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
03/31/22 $1,079,907 $1,261,231
06/30/22 $951,010 $1,133,332
Rough Q2 2022! Hang in there y'all
-
“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.
-
| | 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 |
-
“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!
-
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*
-
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?
-
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!
-
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!
-
“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.
-
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.
-
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)
-
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
-
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
-
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.
-
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
-
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.
-
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...
-
Dude, you are so *not* a fraud!
-
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"....
-
@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!
-
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!
-
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
-
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
-
@Arbitrage my OCD hates October =D
PS - May the odds be ever in your favor, so close!
-
@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.
-
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
-
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]
-
| | 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?
-
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
-
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
-
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.
-
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.
-
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.
-
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.
-
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.
-
| | 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.
-
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.
-
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?
-
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?
-
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.
-
“Each day since has been better than the one before”
Congrats!! Sounds like you are doing it right.
-
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?
-
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.
-
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.
-
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.
-
-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.
-
-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.
-
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.
-
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 ).
-
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
-
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.
-
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
9/1/22: $1.766M / 2.149M
-
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
Sep 01 2022 - 1.082M 1.044M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
A couple of my wife's accounts I didn't log in to grab balance because this morning I drove her to the airport for a trip to Sweden with her friend and I didn't want to bother her - booked those as 4% losses vs. last month, so there might be small error here. Less than $3,000 though, so barely moves the needle one way or the other.
-
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 $1,892K
Oct $1,265K $1,866K
Nov $1,253K $1,951K
Dec $1,375K $1,911K
-
I'm trying not to get too depressed that our portfolio went down several K between this month and last. But we have not been knocked out of this thread, so I'm going to be glad we're still in it.
-
| | 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 | $891,457.82 |
| 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 |
Down a little again, but not too bad!
-
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
aug-22 nw 1,000 liquid 714
( @Bateaux I'm in the 2 to 4 on a joint basis but we keep our funds separate)
-
07/23/21 Cash & investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
I’ve been dreading tallying after the rout this year. Dropped below $1m unfortunately, but not surprising. That is with $7500 per month investments. But also $50,000 in home projects that were delayed due to COVID.
-
07/23/21 Cash & investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
I’ve been dreading tallying after the rout this year. Dropped below $1m unfortunately, but not surprising. That is with $7500 per month investments. But also $50,000 in home projects that were delayed due to COVID.
I had been tallying every weekend for the past year or so, but I've fallen out of the habit lately because it's not helpful to my mental state. The 30th is also payday for me, so I'll be waiting until next weekend to do my monthly total; not that I expect a lot of difference in the amount of red ink, of course.
-
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
October 2022 = $1,021
I am about to get kicked out of this thread!
-
October 2022 = $1,021
I am about to get kicked out of this thread!
You could lose that $21k by market close today, ya jumped the gun on posting here this morning ;)
-
Man, things got harsh around here, I couldn't imagine throwing you out of the club because of a temporary market pullback @2Birds1Stone
-
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
9/22: 1.26M
The rental I've had listed all summer closes next week. And another one is being listed next week. Might have been better to list them earlier this year. Oh well.
-
it's been a while since I last posted. I wanted to take a break from watching this stuff and just let it do it's thing while we live our lives. The last year has been a rollercoaster for sure and the future, well I guess we'll just have to wait and see....
| Investment Accounts |
| End Of Month | Liquid Balance | $$ I invested | total change |
| Dec 2016 | $322,818 | $30,604 | |
| Dec 2017 | $438,627 | $40,177 | $115,809 |
| Dec 2018 | $518,373 | $87,168 | $79,746 |
| Dec 2019 | $778,776 | $95,881 | $260,403 |
| Dec 2020 | $1,084,796 | $143,910 | $306,060 |
| | | | |
| Jan 2021 | $1,055,725 | $8,178 | $29,371 |
| Feb 2021 | $1,093,220 | $6,034 | $37,496 |
| Mar 2021 | $1,121,254 | $11,156 | $28,033 |
| Apr 2021 | $1,172,799 | $5,764 | $51,545 |
| May 2021 | $1,190,579 | $7,391 | $17,780 |
| Jun 2021 | $1,217,134 | $3,642 | $26,555 |
| Jul 2021 | $1,231,384 | $ 4,611 | $14,250 |
| Aug 2021 | $1,265,213 | $ 8,404 | $ 33,829 |
| Sep 2021 | $1,229,165 | $ 4,179 | $-36,049 |
| Oct 2021 | $1,302,662 | $ 15,647 | $ 73,497 |
| Nov 2021 | $1,298,377 | $ 13,398 | $ -4,285 |
| Dec 2021 | $1,341,607 | $ 2,691 | $ 43,230 |
| End Of Year 2021 | $1,341,607 | $91,095 | $288,675 |
| | | | |
| Jan 2022 | $1,277,487 | $8,477 | $ -64,120 |
| Feb 2022 | $1,260,597 | $5,882 | $ -16,920 |
| Mar 2022 | $ 1,321,131 | $ 9,977 | $ 60,564 |
| Apr 2021 | $1,225,643 | $ 6,354 | $ -95,489 |
| May 2022 | $ 1,230,897 | $ 4,567 | $ 5,254 |
| Jun 2022 | $1,140,729 | $ 2,550 | $ -90,489 |
| Jul 2022 | $1,227,652 | $ 4,597 | $ 86,923 |
| Aug 2022 | $1,190,028 | $ 4,597 | $ -37,624 |
| Sep 2022 | $ 1,109,051 | $ 0 | $ -80,977 |
| Oct 2022 | $ | $ | $ |
| Nov 2022 | $ | $ | $ |
| Dec 2022 | $ | $ | $ |
| End Of Year 2022 | $1,109,051 | $51,356 | $-262,556 |
-
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
October 2022 = $1,021
I am about to get kicked out of this thread!
As long as you ignore the numbers (and aren’t aware of it dropping below $1M), we won’t have to kick you out of the club. Ignorance is bliss. Really.
-
Well, only down 17k NW this quarter as opposed to 128k Q2 2022... progress? I'll take it!
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
03/31/22 $1,079,907 $1,261,231
06/30/22 $951,010 $1,133,332
09/30/22 $932,215 $1,116,375
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
-
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
Brutal month. Also, don't really think my house is worth what the online sites say it is anymore; pretty sure the comps are lagging judging by the difficulty my neighbor is having in selling his pretty comparable house.
-
Still in the club. Wife recently took a new job with a nice pay raise. Time for us to ramp up those contributions!
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
Oct 2022- $1.312M
-
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
Sep 01 2022 - 1.082M 1.044M
Oct 01 2022 - 0.986M 0.935M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Well shit. We are no longer millionaires.
-
| | 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| 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 |
rough stuff.
-
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
EQ3 2022 - 1.37M / 1.63M
Ouch. Down $280K now from peak.
-
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)
Oct-21 Don't Want to Know -see you in 3 months!!! ->Just purchased 15K in VTSAX on Friday
JGS
-
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 $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K
Dec $1,375K $1,911K
-
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 - 1.18m
10/1/2022 - 1.13m
Is the bottom in yet?
-
Being a millionaire was fun while it lasted...
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
Oct 22: 991
-
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
aug-22 nw 1,000 liquid 714
Sep-22 new 964 liquid 684
back to june levels. getting interesting!!
October has started better though
-
Jan 1.313
Feb 1.250
March 1.222
April 1.264
May 1.192
June 1.196
July 1.134
Aug1.185
Sept 1.168
Oct 1.088
Barely hanging in this thread!
My house and cars are not factored into this number, so I do have other assets to fall back on. The downturn has been an interesting experiment to test the stache. Oddly, I'm starting to feel okay about seeing how low this can go just to get a sense of the possible fluctuations. Since I'm not retired, it's helpful to have hard numbers to base assumptions on (not that past performance predicts future). Mostly, I'm referring to how mentally confident I would feel drawing an income from my portfolio when the numbers go down. I only started tracking NW monthly in 2021. I was hoping to thicken my skin to these inevitable fluctuations. It stinks when the numbers go down, but I hope we are all able to view this time period as a helpful stress test too.
-
Month Year - LNW/TNW
Jan 2019 - $485k/$612k
Jan 2020 - $625k/$741k
Jan 2021 - $871k/$996k
Feb 2021 $1M total net worth!
Jan 2022 - $1.078k/$1.212M
Absolutely ridiculous, this market makes no sense to me with this whole pandemic.. good thing I don't time the market and just use index funds...
Jan 2022 - $1.078k/$1.212M
Oct 2022 - $893k/$1.013M
recording the drop for my records, still the club for total net worth! Still ahead of Jan 2021 so doesnt seem so bad.
-
| | 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 | $1,081,266 | - |
| September | $290,244 | $301,079 | $422,204 | $525,158 | $610,690 | $698,968 | $868,597 | $1,106,086 | $1,015,876 | - |
| 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 | - | - |
Not sure if this thread got quiet because of the downward trend for a while again? Still keeping our head above water but barely..... All in all we are just taking it day by day and not really able to act on hitting the FIRE number for 4-5 years anyway so we have time.
-
TNW
Jan 2022 1,736,566
March 2022 just under 1.6MM
October 2022 1,731,634
Invested 130k during this time and still under, very disheartening!
-
At the moment, I'm at $1.035k, after $47k of investments this year. From a high of $1.271k, a total reduction of $283k.
So, effectively, I'm down a house in paper losses.
I'm trying not to look at it much, but geeze it's disheartening. I was looking at career possibilities before these shenanigans, now there's no way.
-
At the moment, I'm at $1.035k, after $47k of investments this year. From a high of $1.271k, a total reduction of $283k.
So, effectively, I'm down a house in paper losses.
I'm trying not to look at it much, but geeze it's disheartening. I was looking at career possibilities before these shenanigans, now there's no way.
Don't go down that road! I know that we are basically down the $400k in equity from selling our previous house, built up over years of down payment savings, accelerated payments on the mortgage to get under the conforming loan limit, followed by more years of regular payments, plus house price increases...all gone in a few months.
However, we'll just keep plugging away, and eventually the market will giveth back what it taketh away. In the end, this will be what future investors will see as just another little wiggle that they think they would've been so excited to live and invest through, having not actually lived and invested through it.
-
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
October 2022 = $1,021
November 2022 = $1,051
-
2022 (investments at start of month, not including house)
Jan 1.313
Feb 1.250
March 1.222
April 1.264
May 1.192
June 1.196
July 1.134
Aug1.185
Sept 1.168
Oct 1.088
Nov 1.142
Back to July numbers for now.
-
Not sure if this thread got quiet because of the downward trend for a while again? Still keeping our head above water but barely.....All in all we are just taking it day by day and not really able to act on hitting the FIRE number for 4-5 years anyway so we have time.
What is your FIRE number? It looks like we are shooting for the same time/numbers. The FIRE number we are working towards is somewhere in this range 1.5- 2mil.
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
-
We are finally back to December 2021 numbers, which was our last peak.
-
TNW at the end of each month thus far in 2022:
Jan - $1.46
Feb - $1.44
Mar - $1.48
Apr - $1.38
May - $1.39
Jun - $1.30
Jul - $1.40
Aug - $1.35
Sep - $1.24
Oct - $1.34
Have been saving and investing about 10k a month on average. Just flinging it into a rathole, wheeee!
-
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 $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K
-
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
-
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
Sep 01 2022 - 1.082M 1.044M
Oct 01 2022 - 0.986M 0.935M
Nov 01 2022 - 1.043M 1.001M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Back in the club officially. Still over $200K off peaks. At least I'm actually putting some money into the stash at the end of the year here.
-
Combined personal and inherited investment/retirement accounts
April 2022 1,616
May 2022 1,620
June 2022 1,503
July 2022 1,610
Aug 2022 1,553
Sept 2022 1,429
Oct 2022 1,534
2022 is a rollercoaster rather than a race.
-
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
August 2022: $1,301.8k
September 2022: $1,313.7k
October 2022: $1,298.6k
-
| | 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 |
Moving in the right direction at least?
-
07/23/21 Cash & investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
Back in the club! (barely)
-
I'm trying not to look at it much, but geeze it's disheartening. I was looking at career possibilities before these shenanigans, now there's no way.
This struck me, and perhaps was not what you meant.
Shenanigans implies something untoward driving the outcome. This is just a downturn. I see no shenanigans involved outside the usual unfair capitalist forces that let some be winners (energy companies gouging customers cause they can) and the rest losers.
I'd just hate for folks to start seeing conspiracy theories in the stock market. We've got enough of that nonsense in other areas of our culture.
-
| | 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 | $1,081,266 | - |
| September | $290,244 | $301,079 | $422,204 | $525,158 | $610,690 | $698,968 | $868,597 | $1,106,086 | $1,015,876 | - |
| October | $274,986 | $308,291 | $413,967 | $533,760 | $585,817 | $577,615 | $868,808 | $1,182,536 | $1,065,912 | - |
| 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 | - | - |
Nice recovery in a month. At least I feel less likely to fall out of the $1M club now. Still a ways to go, but slow and steady is the goal not rocketship fast and then parachuteless fall.
-
I'm trying not to look at it much, but geeze it's disheartening. I was looking at career possibilities before these shenanigans, now there's no way.
This struck me, and perhaps was not what you meant.
Shenanigans implies something untoward driving the outcome. This is just a downturn. I see no shenanigans involved outside the usual unfair capitalist forces that let some be winners (energy companies gouging customers cause they can) and the rest losers.
I'd just hate for folks to start seeing conspiracy theories in the stock market. We've got enough of that nonsense in other areas of our culture.
Hmm. I think we may have a verbiage issue - not surprising after using such a word as "shenanigans."
Inquiring of Mr. Google, I find two definitions:
1) secret or dishonest activity or maneuvering.
"widespread financial shenanigans had ruined the fortunes of many" (I can see what you mean, here).
2) silly or high-spirited behavior; mischief.
I think you're referring to the first. I was referring to the second. I almost always mean to reflect some sort of mischief when I use the word. In this case, I was referring to the volatility of the markets over the last year, which I absolutely find "silly and high-spirited."
On the upside, I'm hoping we have a few new members of our club after today!
-
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
aug-22 nw 1,000 liquid 714
Sep-22 nw 964 liquid 684
oct-22 nw 972 liquid 692
Small increases... just sitting it out quietly.. late reporting as I was away on another trip. This retirement lark is ok,.
-
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
August 2022: $1,301.8k
September 2022: $1,313.7k
October 2022: $1,298.6k
November 2022: $1,372.95k
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
-
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 | $912,288 |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | - |
A lot has happened in the last 3 months. I got a new job, moved across the country, sold a house and bought a new one. My new mortgage has a 3% higher interest rate than the old one but my quality of life is 1000X better so overall very happy with life and the relocation. Financially, we are still trying to get back to where we started the year.
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
-
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
aug-22 nw 1,000 liquid 714
Sep-22 nw 964 liquid 684
oct-22 nw 972 liquid 692
nov-22 nw 1011 liquid 730
nice bump on the last day of the month.
joint net now over 2.6 which is nice.
-
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 $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
-
| | 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
inching back upwards, not terrible!
-
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
Better month than I was expecting.
-
Combined personal and inherited investment/retirement accounts
April 2022 1,616
May 2022 1,620
June 2022 1,503
July 2022 1,610
Aug 2022 1,553
Sept 2022 1,429
Oct 2022 1,534
2022 is a rollercoaster rather than a race.
End of November 2022 - 1,630
-
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
Sep 01 2022 - 1.082M 1.044M
Oct 01 2022 - 0.986M 0.935M
Nov 01 2022 - 1.043M 1.001M
Dec 01 2022 - 1.115M 1.076M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Consecutive $50,000+ months is good. Still quite a ways from the high-watermark.
-
TNW
Jan 2022 1,736,566
March 2022 just under 1.6MM
October 2022 1,731,634
Invested 130k during this time and still under, very disheartening!
Dec TNW 1,856,239
Dec LNW 1,244,332
-
Another end of year (wish) update & Happy New Year everyone. Wishes for abundance (not like 2022) 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)
12/29/22 $1.48M $1.26M (big house repairs and construction happening; invested ~$95K this year not including pension contributions)
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
Going in circles.
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
Some sort of tailwind for 2023 would be nice, we're FIRE'd in a few short months.
-
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 | $912,288 |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 |
Still not officially back in this race. Oh well, maybe next year!
-
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
EQ3 2022 - 1.37M / 1.63M
EOY 2022 - 1.46M / 1.72M
This is the first time since I've been tracking that my TNW has dropped YOY. I do not like it.
-
Whoops, I missed a quarterly check in. Probably because it was depressing so I didn't even figure it out.
LNW TNW Investments Change
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)
Dec 2022 $1.33MM $1.75MM (-$50K)
-
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
Finishing off the year with a whimper. Real estate algorithms also finally cluing in to the fact that house prices have dropped. Hopefully can shake this year off and start making some money again!
-
Down 3k NW for the year, but officially back in the $1M invested club.
Pouring a tequila now and calculating my asset allocation. We have ~35k cash (YE bonus) to deploy into I-bonds & taxable this week.
I predict that before the market hits an all time high, we will be FI (1.5M invested).
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
03/31/22 $1,079,907 $1,261,231
06/30/22 $951,010 $1,133,332
09/30/22 $932,215 $1,116,375
12/31/22 $1,037,594 $1,264,764
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
Back up to where we were a year and a half ago...
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Down December means further away from the high-water mark on both the NW and the Stache. Here's to a better 2023!
-
Dec 2019: $1,030,547
Dec 2020: $1,355,244 (+$324,697)
Dec 2021: $1,778,865 (+$423,621)
Well, we're moving rather in the wrong direction since December 2021...
Dec 2022: $1,674,946 (-$103,919)
-
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)
Oct-22 *Did Not Calculate
Jan-23 $1,821,385 (+141,194 for last 6 months, -99,085 for the year)
JGS
-
Combined personal and inherited investment/retirement accounts
April 2022 1,616
May 2022 1,620
June 2022 1,503
July 2022 1,610
Aug 2022 1,553
Sept 2022 1,429
Oct 2022 1,534
2022 is a rollercoaster rather than a race.
End of November 2022 - 1,630
End of 2022 - 1566
Crappy end to a crappy year. Hoping for recovery in 2023
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
-
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
12/21 - $1,097,677 $1,494,954
01/22 - $1,048,207 $1,362,781
02/22 - $1,009,070 $1,328,149
03/22 - $1,033,870 $1,354,254
04/22 - $943,636 $1,264,245
05/22 - $943,342 $1,265,185
06/22 - $876,824 $1,198,893
07/22 - $943,861 $1,265,631
08/22 - $911,988 $1,491,805 (updated my property values)
09/22 - $853,375 $1,433,947
10/22 - $896,469 $1,477,186
11/22 - $912,028 $1,493,473
12/22 - $889,747 $1,473,525
I haven't posted in a quite a while but I have been keeping track. It hasn't been pretty. Stock declines are a completely different animal when you are no longer working (and therefore are no longer contributing). In March, I freaked out a bit and stopped taking withdrawals (we have other income streams). Since then, I've been pretty calm. I'm way out of this club if we are just talking investments and may never make it back! But I'm ok with where we are. If we need the money, I'll take it out. In the meantime, I'm just going to let it sit and wait for the market to come back. Still feeling lucky to have retired 18 months ago!!
-
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
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 $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
Happy New Year!
-
Old data: | 2015 DEC | : | 252k | <- Crossed 250k |
| - | - |
| 2016 JAN | : | 260k | (+8k) |
| 2016 FEB | : | 281k | (+21k) |
| 2016 MAR | : | 285k | (+4k) |
| 2016 APR | : | 298k | (+13k) |
| 2016 MAY | : | 305k | (+7k) |
| 2016 JUN | : | 307k | (+2k) |
| 2016 JUL | : | 320k | (+13k) |
| 2016 AUG | : | 326k | (+6k) |
| 2016 SEP | : | 336k | (+10k) |
| 2016 OCT | : | 337k | (+1k) |
| 2016 NOV | : | 361k | (+24k) |
| 2016 DEC | : | 368k | (+7k) |
| - | - |
| 2017 JAN | : | 382k | (+14k) |
| 2017 FEB | : | 403k | (+21k) |
| 2017 MAR | : | 416k | (+13k) |
| 2017 APR | : | 427k | (+11k) |
| 2017 MAY | : | 436k | (+9k) |
| 2017 JUN | : | 449k | (+13k) |
| 2017 JUL | : | 464k | (+15k) |
| 2017 AUG | : | 478k | (+14k) |
| 2017 SEPT | : | 494k | (+16k) |
| 2017 OCT | : | 510k | (+16k) <- Crossed 500k |
| 2017 NOV | : | 523k | (+13k) |
| 2017 DEC | : | 534k | (+11k) |
| - | - |
| 2018 JAN | : | 558k | (+24k) |
| 2018 FEB | : | 569k | (+11k) |
| 2018 MAR | : | 560k | (-9k) |
| 2018 APR | : | 574k | (+14k/+5k) |
| 2018 MAY | : | 575k | (+1k) |
| 2018 JUNE | : | 575k | (+0k) |
| 2018 JULY | : | 599k | (+24k) |
| 2018 AUG | : | 620k | (+21k) |
| 2018 SEPT | : | 625k | (+5k) |
| 2018 OCT | : | 597k | (-28k) |
| 2018 NOV | : | 606k | (+9k/-19k) |
| 2018 DEC | : | 580k | (-26k/-45k) |
| - | - |
| 2019 JAN | : | 628k | (+48k/+3k) |
| 2019 FEB | : | 666k | (+38k) |
| 2019 MAR | : | 677k | (+11k) |
| 2019 APR | : | 706k | (+29k) |
| 2019 MAY | : | 670k | (-36k) |
| 2019 JUNE | : | 709k | (+39k/+3k) |
| 2019 JULY | : | 712k | (+3k) |
| 2019 AUG | : | 720k | (+8k) |
| 2019 SEPT | : | 725k | (+5k) |
| 2019 OCT | : | 753k | (+28k) <- Crossed 750k |
| 2019 NOV | : | 777k | (+24k) |
| 2019 DEC | : | 798k | (+21k) |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k) |
| 2015 DEC | : | 252k | |
| 2016 DEC | : | 368k | |
| 2017 DEC | : | 534k | |
| 2018 DEC | : | 580k | |
| 2019 DEC | : | 798k | |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k)<-Crossed 1m |
| 2020 SEP | : | 979k | (-23k/-23k) |
| 2020 OCT | : | 971k | (-8k/-31k) |
| 2020 NOV | : | 1.058mm | (+87k) |
| 2020 DEC | : | 1.100mm | (+42k) |
| - | - |
| 2021 JAN | : | 1.100mm | (+0k) |
| 2021 FEB | : | 1.140mm | (+40k) |
| 2021 MAR | : | 1.165mm | (+25k) |
| 2021 APR | : | 1.202mm | (+37k) |
| 2021 MAY | : | 1.209mm | (+7k) |
| 2021 JUNE | : | 1.243mm | (+34k) |
| 2021 JULY | : | 1.266mm | (+23k) |
| 2021 AUG | : | 1.307mm | (+41k) |
| 2021 SEPT | : | 1.281mm | (-26k/-26k)[/b] |
| 2021 OCT | : | 1.340mm | (+59k) |
| 2021 NOV | : | 1.330mm | (-10k/-10k)[/b] |
| 2021 DEC | : | 1.374mm | (+44k) |
| - | - |
Jan -> Nov | |
| 2022 DEC | : | 1.318mm | (-56k) |
Wow, where has the year gone? It's a bit crazy that this is my only post from 2022. I was posting every. single. month for actual YEARS. I think it's clear that after the 1MM mark, it starts to just feel like autopilot.
So where am I? As far as finances go, the market has been down(ish) but really it isn't that bad. Down 50k give or take total, of course, thats after adding another 100k to the pot via less debt, 401k etc.
It's a bit odd, when I started this I was 24ish and thought I had a good chance at FIRE by 30, now at 32 it's a bit sureal that, that much time has passed, and yet, I am not FIREed. My lifestyle is probably 4-5 TIMES what it was back then. I own a large house, a sports car, I travel internationally as much as I can (especially now that borders are open again). I am living life, and still maintaining a 40-60% savings rate doing it.
My major nest egg is built, the massive pile of cash I have will out-earn me in good years already. That said, my new FIRE target is 2.5MM, a number I will likely have by 40-45. It feels good knowing, anytime between that and now, I could just downsize and take the time. I think what I have gained in the last 2-3 years is freedom mainly.
I wish everyone a wonderful 2023 and hopefully I post more updates this year!
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
Back up to where we were a year and a half ago...
Glad to see you're still rolling! Keep it up, the new highs will come sooner than we know!
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
Back up to where we were a year and a half ago...
Glad to see you're still rolling! Keep it up, the new highs will come sooner than we know!
Yup, just gotta keep throwing money on the pile. Our actual net worth is probably another +$50k than I listed because I haven't updated the value of our house since we bought it in 2016. Might find out later this year.
-
Steady as she goes into 2023. Our two kiddos also have about $130k saved in their 529, ROTH, and UTMA accounts. Don't see any real changes for us going into 2023 other than upping our contributions in the 401ks, ROTH, and 457b accounts. Here's to a healthy and prosperous New Year!
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
2020- $1.35M
2021- $1.68M
end 2022- $1.46M
-
End of Year 2022 Liquid Networth.
Jan. 1, 2016: $181.7k
Jan. 1, 2017: $249.5k
Jan. 1, 2018: $377.3k
Jan. 1, 2019: $499.2k
Jan. 1, 2020: $710.5k
Jan. 1, 2021: $1,055.8k
Jan. 1, 2022: $1,312.5k
Jan. 1, 2023: $1,349.9k
-
| | 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 | $1,081,266 | - |
| September | $290,244 | $301,079 | $422,204 | $525,158 | $610,690 | $698,968 | $868,597 | $1,106,086 | $1,015,876 | - |
| October | $274,986 | $308,291 | $413,967 | $533,760 | $585,817 | $577,615 | $868,808 | $1,182,536 | $1,065,912 | - |
| November | $282,762 | $308,558 | $419,572 | $549,074 | $595,773 | $620,036 | $910,235 | $1,155,707 | $1,110,997 | - |
| December | $292,942 | $312,281 | $431,458 | $557,941 | $575,877 | $760,501 | $940,128 | $1,195,334 | $1,077,252 | - |
-
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
aug-22 nw 1,000 liquid 714
Sep-22 nw 964 liquid 684
oct-22 nw 972 liquid 692
nov-22 nw 1011 liquid 730
Dec-22 nw 970 liquid 671
unamused at 2022.
-
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
aug-22 nw 1,000 liquid 714
Sep-22 nw 964 liquid 684
oct-22 nw 972 liquid 692
nov-22 nw 1011 liquid 730
Dec-22 nw 970 liquid 671
unamused at 2022.
I think you are set to unleash hell once the bull market returns. That could be at least a year however. I'm sure it's been a frustrating run at times. I'm confident you are coming back strong though.
-
Update below. Rollercoaster times indeed. Glad to be on the right side of 7 figures again. Keep on keepin on.
Being a millionaire was fun while it lasted...
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
Oct 22: 991
Nov 22: 1,026
Dec 22: 1,031
Jan 23: 1,024 (as of now; bonus hits end of month so should jump up another 40-50k)
-
Here are my updated stats. Not much change in 2022 (ended same as started)
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
June-2021 429 579 1008
July-2021 400 614 1014
Aug-2021 400 635 1035
Augt-2021 403 616 1019
Dec-2021 545 467 1212
Dec-2022 709 504 1213
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
-
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
12/21 - $1,097,677 $1,494,954
12/22 - $889,747 $1,473,525
01/23 - $928,729 $1,428,662
For several years, I listed our property values as the purchase price. Last year (about mid-way through) I updated to current property values per Zillow to make myself feel better. Now, I've decided to update property values once per year in January (they've all decreased quite a bit from the high). That explains how our money amount is higher but our overall networth has decreased. Although our investments still show a significant decrease from the end of 2021, we still have so much more money than I ever dreamed we'd have.
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
-
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
12/21 - $1,097,677 $1,494,954
12/22 - $889,747 $1,473,525
01/23 - $928,729 $1,428,662
For several years, I listed our property values as the purchase price. Last year (about mid-way through) I updated to current property values per Zillow to make myself feel better. Now, I've decided to update property values once per year in January (they've all decreased quite a bit from the high). That explains how our money amount is higher but our overall networth has decreased. Although our investments still show a significant decrease from the end of 2021, we still have so much more money than I ever dreamed we'd have.
I get my fair market value from the county assessor website. It ends up being more than I paid but less than Zillow.
-
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 |
| 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 | $912,288 | - |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | - |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | - |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | - |
Another month like January and I'll finally be back in this race! 1 of 2 IRAs maxed for 2023 with everything else on autopilot.
-
End of Year 2022 Liquid Networth.
Jan. 1, 2016: $181.7k
Jan. 1, 2017: $249.5k
Jan. 1, 2018: $377.3k
Jan. 1, 2019: $499.2k
Jan. 1, 2020: $710.5k
Jan. 1, 2021: $1,055.8k
Jan. 1, 2022: $1,312.5k
Jan. 1, 2023: $1,349.9k
Feb. 1, 2023: $1,410.6k
-
Nov-17 - 300k
May-18 - 375k
July -18 - 400k
Dec-18 - 345K - liquid 404
annual net +45k (+15%) liquid ?
Mar-19 - 415K
Jun-19 nw 444K - liquid -514K
Sep-19 nw 450K liquid 527K
dec-19 nw 490k liquid 575k
annual net +145k (+42%) liquid +171k (+42%)
mar-20 nw 374 liquid 455
Jun-20 nw 468 liquid 541
Sep-20 nw 612 liquid 573
Dec-20 nw 737 liquid 679
annual net +247k (+50%) liquid +104k (+18%)
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
annual net +329k (+45%) liquid +184k (+27%)
Mar-22 nw 1,058 liquid 817
June-22nw 962 liquid 672
Sep-22 nw 964 liquid 684
Dec-22 nw 970 liquid 671
annual net -96k (-9%) liquid -192k (-22%)
Jan 2023 nw 991 liquid 719
woohoo - back to where I was in late 2021!!! (swoon)
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
pretty much exactly where I was a year ago!
-
Combined personal and inherited investment/retirement accounts
April 2022 1,616
May 2022 1,620
June 2022 1,503
July 2022 1,610
August 2022 1,553
Sept 2022 1,429
Oct 2022 1,534
November 2022 1,630
Year End Dec 22 1,566
January 2022 1,682 - new high water mark
-
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
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 $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
Back above $2M after 10 months. We will see if it sticks this time.
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Well, first month of 2023 is in the books and a good one. Still kind of feels odd to be so out of control of the NW swings, but that's the choice I made in 2021 when deciding to cut back to part time.
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Well, first month of 2023 is in the books and a good one. Still kind of feels odd to be so out of control of the NW swings, but that's the choice I made in 2021 when deciding to cut back to part time.
I'm finding that the more I have accumulated in the market, the bigger the swings. Lost more than my annual salary in the market last year, and have already gained more than my annual salary in the first month of this year. Watching that with detachment is kind of wild.
-
07/23/21 Cash & investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
Well, I’m nearly back to my all time high in January 2022 (this is with approx $100k contributions this year). When the indexes gets back to their all time highs (who knows when) I should be in pretty good shape!
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Well, first month of 2023 is in the books and a good one. Still kind of feels odd to be so out of control of the NW swings, but that's the choice I made in 2021 when deciding to cut back to part time.
I'm finding that the more I have accumulated in the market, the bigger the swings. Lost more than my annual salary in the market last year, and have already gained more than my annual salary in the first month of this year. Watching that with detachment is kind of wild.
Yeah - before cutting back in 2021, we could invest $50-100K more every year without much effort. That's a lot of upward pressure on the number, and yet I realize even if I was working full time today and making the big additions annually, the market swings could now easily swamp the annual addition. Very different situation from even 5 years ago where annual additions were so large relative to the total that it was approaching impossible to have an overall down year. Has happened so quickly.
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Well, first month of 2023 is in the books and a good one. Still kind of feels odd to be so out of control of the NW swings, but that's the choice I made in 2021 when deciding to cut back to part time.
I'm finding that the more I have accumulated in the market, the bigger the swings. Lost more than my annual salary in the market last year, and have already gained more than my annual salary in the first month of this year. Watching that with detachment is kind of wild.
Yeah - before cutting back in 2021, we could invest $50-100K more every year without much effort. That's a lot of upward pressure on the number, and yet I realize even if I was working full time today and making the big additions annually, the market swings could now easily swamp the annual addition. Very different situation from even 5 years ago where annual additions were so large relative to the total that it was approaching impossible to have an overall down year. Has happened so quickly.
This is super interesting to think about. As my $80k/year investment gets relatively smaller (compared to the total stash) I'll see more "negative" months due to market swings even though I'm still investing a pretty robust $80k/year. Thank you for the thoughts!
-
1/1/2015 $359,090
1/1/2016 $396,473
1/1/2017 $477,091
1/1/2018 $659,166
1/1/2019 $724,155
1/1/2020 $1,017,895
1/1/2021 $1,093,885 *spent a good chunk of this on buying RV, 6-month unpaid sabbatical
1/1/2022 $1,395,447
1/1/2023 $1,153,268
2/20/2023 $1,279,087
I like funny milestones along the way, and there's something satisfying about being 5/8th of the way to my $2M goal. Only 3/5ths of what I've done, and I'll be there!
-
End of Year 2022 Liquid Networth.
Jan. 1, 2016: $181.7k
Jan. 1, 2017: $249.5k
Jan. 1, 2018: $377.3k
Jan. 1, 2019: $499.2k
Jan. 1, 2020: $710.5k
Jan. 1, 2021: $1,055.8k
Jan. 1, 2022: $1,312.5k
Jan. 1, 2023: $1,349.9k
Feb. 1, 2023: $1,410.6k
I like this simple style mizzourah2006
Here are my own numbers for Liquid Net Worth
2013-$256k
2014-$332k
2015-$445k
2016-$522k
2017-$655k
2018-$690k
2019-$898k
2020-$1.211k
2021-$1.521k
2022-$1.283k
What a mind game to stick with it unphased through a big dip since 2021.
LNW dropped $266k from Jan-June 2022 even with about $7k/month being invested.
So far it looks like Jan/Feb of 2023 may both be positive months for our balance sheets.
I feel like getting up past 1.521k again will be a big psychological boost.
Even with a dip, we're more than on track to hit our goal of $2.200k by 2030 and probably far exceed it.
Do you have mental tricks or thoughts that help you stay the course? What's working well for you?
I'm still investing at the same rate and really in the same funds and am not deterred but checking the balance sheets is considerably less fun as of late.
-
Do you have mental tricks or thoughts that help you stay the course? What's working well for you?
Reminding myself that this is likely my last chance to buy stocks "on sale." I expect to be retired within the next 4 years or so, and what I'm putting in now will make a big difference in spending power later on.
-
Joining the new group as I make the journey to $2M. I track networth which includes my home, but does not include my wife's assets. broke through the millionaire status to start 2023, and posting my March 1 status a few days early (busy the next few days!)
1/1/2013 -$20,000
1/1/2014 -$7,000
1/1/2015 $19,000
1/1/2016 $70,000
1/1/2017 $126,000
1/1/2018 $185,000
1/1/2019 $417,000
1/1/2020 $489,000
1/1/2021 $545,000
1/1/2022 $656,000
1/1/2023 $1,018,000
2/1/2023 $1,043,000
3/1/2023 $1,047,000
Based on my projections I should graduate this group in June 2027. Another million in less than 4.5 years does not seem realistic but I keep beating my projections (humble brag). Hopefully at this time I'll be evaluating the continuation of the 9-5 but don't have a set number right now. Let's go!
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
Stupid backwards race.
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
Managed to out save the dip.
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
No out-saving the dip for me this month!
-
Combined personal and inherited investment/retirement accounts
April 2022 1,616
May 2022 1,620
June 2022 1,503
July 2022 1,610
August 2022 1,553
Sept 2022 1,429
Oct 2022 1,534
November 2022 1,630
Year End Dec 22 1,566
January 2022 1,682 - new high water mark
End of February 2023 - 1651
Lost more in the market than I made in my job. I guess we're not done buying stocks on sale.
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Mar 01 2023 - 1.115M 1.074M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Maybe should have waited a day or two to do this this month.
-
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
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 $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
womp womp
-
2/28/2022 $915,549.97
3/31/2022 $976,646.46
4/30/2022 $902,970.65
5/31/2022 $912,893.26
6/30/2022 $832,233.35
7/31/2022 $895,533.02
8/31/2022 $874,879.99
9/30/2022 $806,923.19
10/31/2022 $866,157.81
11/30/2022 $912,453.29
12/31/2022 $873,651.30
1/31/2023 $952,499.36
2/28/2023 $1,329,555.54
I just got promoted to this thread. Sold the condo and all that money is in the Stache, happy to be here with the rich and famous :)
-
Lol are there any race to $100K threads? :) Net worth is only $86K :P
Congrats to y'all though :)
-
---
I'm finding that the more I have accumulated in the market, the bigger the swings. Lost more than my annual salary in the market last year, and have already gained more than my annual salary in the first month of this year. Watching that with detachment is kind of wild.
This! As I get closer to 2mil in investable assets (not real estate), the swings can be huge but my detachment actually increases. I think because even if I've lost "a lot" one month, there is still so much left.
-
Lol are there any race to $100K threads? :) Net worth is only $86K :P
Congrats to y'all though :)
Sure there are!
https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-10-to-100k!!/
-
I just got promoted to this thread. Sold the condo and all that money is in the Stache, happy to be here with the rich and famous :)
Congratulations and welcome!
-
---
I'm finding that the more I have accumulated in the market, the bigger the swings. Lost more than my annual salary in the market last year, and have already gained more than my annual salary in the first month of this year. Watching that with detachment is kind of wild.
This! As I get closer to 2mil in investable assets (not real estate), the swings can be huge but my detachment actually increases. I think because even if I've lost "a lot" one month, there is still so much left.
It’s a crazy skill to develop, but really important for sanity and acting rationally: being able to watch drop of tens of thousands of dollars with mild amusement and curiosity. I can’t imagine the 20-years earlier version of me doing this.
-
---
I'm finding that the more I have accumulated in the market, the bigger the swings. Lost more than my annual salary in the market last year, and have already gained more than my annual salary in the first month of this year. Watching that with detachment is kind of wild.
This! As I get closer to 2mil in investable assets (not real estate), the swings can be huge but my detachment actually increases. I think because even if I've lost "a lot" one month, there is still so much left.
It’s a crazy skill to develop, but really important for sanity and acting rationally: being able to watch drop of tens of thousands of dollars with mild amusement and curiosity. I can’t imagine the 20-years earlier version of me doing this.
I think that's a great point. Life goes on. But it takes some experience to figure this out.
-
---
I'm finding that the more I have accumulated in the market, the bigger the swings. Lost more than my annual salary in the market last year, and have already gained more than my annual salary in the first month of this year. Watching that with detachment is kind of wild.
This! As I get closer to 2mil in investable assets (not real estate), the swings can be huge but my detachment actually increases. I think because even if I've lost "a lot" one month, there is still so much left.
It’s a crazy skill to develop, but really important for sanity and acting rationally: being able to watch drop of tens of thousands of dollars with mild amusement and curiosity. I can’t imagine the 20-years earlier version of me doing this.
I think that's a great point. Life goes on. But it takes some experience to figure this out.
And, I think the other piece is that for a while now more growth is from the market than dollars I actually contributed. So it also doesn't hurt as much because it's not my hard-earned money that is "disappearing".
-
Excited to join this race!
Quotes below are from the $500k to $1M race.
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.
Checking back in after bonus & RSU vesting. Hopefully I’m solidly in this race now but who knows what will happen.
Jan ‘22: $946k
Feb ‘22: $1,005k (RSU vesting)
Today: $1,088k
Mar ‘22: $1,045k
Apr ‘22: $1,042k
May ‘22: $1,035k
Jun’22: $975k
Jul ‘22: $994k
Aug ‘22: $1,009k
Sep ‘22: $920k
Oct ‘22: $1,000k
Nov ‘22: $1,017k
Dec ‘22: $979k
Jan ‘23: $1,041k
Feb ‘23: $1,058k
Mar ‘23: $1,158k
[Hopefully] solidly back in this race after bonus & vesting. Rocky year for the market, an uncertain job market, and some work-life balance improvements pushed back my sabbatical plan by a year, but feeling pretty committed to my current 12 month countdown to extended time off and glorious adventures. Making sure to enjoy the journey, too, with several smaller adventures on the horizon (Mexico spring break, music festival, visits to out of town friends).
-
It was really hard for me last June. I was having to walk around aimlessly and listen to the JL Collins meditation to keep myself from doing something really self-destructive, like selling.
-
Paul Merriman has some simulations on his website suggesting that near-retirees can double their nest eggs by waiting five years. He doesn't target mustachian-level-savers, but I tend to believe five years to double $1,000,000 is in line with this.
Thanks talltexan, I'm circling back to this after a long hiatus. I'll take a look at Paul Merriman's stuff.
We hit 1M (LNW) in June 2021 and are now on the path from 1M to 2M!
-
I'm interested, has anyone done a comparison of the rate of accumulation for this group?
e.g. what's the average time to get to 2M? I know, I know, so varied all the factors.
I'm on the cusp of doing a bunch of crazy number crunching... has that been done?
I'm curious about this, too. I assume you are asking how long to get from $1M to $2M. I am expecting for it to be 3.5-4 years for us. We are adding about $96K/year to our stash, and it took us 2.5 years to get from $1M to $1.7M. So if the market behaves like it has the last couple years, we need maybe another year or year and a half.
Thanks catccc, I'm a year into the 1M to 2M journey now. I'm thinking it might be 6 years for us to hit 2M (LNW) which for us doesn't include the hose equity so that may make the road a bit longer/slower. Also as you know the last year wasn't super amazing. ha. Happy saving to you!
-
Journey to 1M and beyond with a few lessons along the way.
2012--- $198k
2013--- $256k (+58)
2014--- $332k (+76)
2015--- $445k (113
2016--- $522k (+77) (+husband!)
2017--- $655k (+133)
2018--- $690k (+35)
2019--- $898k (+208)
2020--- $1,211 (+313)
today---$1,300
In 2018, husband and I decided to push to payoff the house and up our % salary invested. I think we're at about 36% now. Which ends up being between 60 and 80k/year. We both work jobs that can have considerable overtime, so that's why the range.
I feel like net worth is really cranking now, of course partly due to good market conditions. We're in TSP and Vanguard.
I think our retirement number is 2.2 million. We're really not FIRE as I'm looking at living on 90k/year and could be 50 when I retire, so possibly 40 years to go.
I started investing in my early 20s, got a psychological bump from hosting a home group of the Dave Ramsey program in the mid 2000's. A simple excel sheet tracking monthly account balances has been a powerful tool.
Other useful tip: use a printed "fundraising thermometer" to reach goals. We did this with our house payoff and now are doing it with retirement. I might post more in a separate thread on that. It is stuck to the inside of a kitchen cabinet and when we have extra money that needs to be manually invested we talk about it, and then color in the thermometer, and move money.
This simple trick that has really improved our shared vision, kept our goals front and center, and made us more able to "see" the progress.
All these net worth figures are without the house value.
One thing I might do differently is not payoff the house. It was an emotional win, and has allowed us to invest more, faster... but IDK. It was our last revolving bill and now credit is suffering a bit.
Love this story! Way to go, @catbend and welcome!
Thanks On The Road, nice to hear!
Getting engaged here on the forum has been a wonderful way to stay the course during a turbulent time!
an update on my journey:
2012--- $198k
2013--- $256k (+58)
2014--- $332k (+76)
2015--- $445k (113
2016--- $522k (+77) (+husband!)
2017--- $655k (+133)
2018--- $690k (+35)
2019--- $898k (+208)
2020--- $1,211 (+313)
2021---$1,521 (+310)
2022---$1,283 (-238) (yikes!)
2023---$1,395 so far this year
Husband and I are still truckin' buying cheap shares, getting small (but much appreciated govt cost of living increases) and despite a wild couple years, still aiming to be FIRE class of 2030. I still think it's possible.
This is my tenth year of tracking monthly stash values and I'm so glad I have that perspective to look back on. I also just downloaded the spreadsheet available over at the Case Study: Spreadsheet Updates. Boy that's a powerful tool that's going to keep me learning lots!
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
-
Okay, so maybe not as impressive as we hoped. Over the course of two years + $134k. If you ignore all the noise, we had Apr. 21 to Jan. 22, + $136k. Then Jan. 22 to Oct. 22 - $119k. Then Oct. 22 to present + $117k. That last leg is moving at a pretty good pace, maybe just maybe we can continue to ride the momentum up for awhile and make some real gains.
Inflation is still high but not sky high, the Fed may be just about finished with rate hikes, and hopefully we won't default on the national debt this summer. I will try to stay optimistic!
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
-
1/31/2023 $1,086,347.19
2/28/2023 $1,462,233.84
3/31/2023 $1,492,865.46
Not bad as long as we keep going forward!
-
Nice end to the quarter! I recently hit a nice milestone of 20 years into my state pension and my wife is at 10 years. We're also navigating some new methods of compensation (company RSUs) w/ my wife's new job that we haven't accounted for yet. All good and healthy and hoping to keep it that way.
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
2023 1st Quarter- $1.55M
-
Nice to see some forward progress! I like looking back ~2 years to mid-March 2021, where VTI was about the same as it is today. We've increased our invested assets by $384497! Our before-tax income over this period was ~$580k, for a pre-tax savings rate of 66%. I'm not taking into account dividends + employer match, but it is encouraging seeing the pile grow primarily from the firehose of cash we are directing towards it, without any major market returns.
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
03/31/22 $1,079,907 $1,261,231
06/30/22 $951,010 $1,133,332
09/30/22 $932,215 $1,116,375
12/31/22 $1,037,594 $1,264,764
03/31/23 $1,169,701 $1,363,914
-
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)
Oct-22 *Did Not Calculate
Jan-23 $1,821,385 (DNC)
April-23 $1,953,913 (+132,528) *Milestone -over 1.5 million liquid
JGS
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
-
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
EQ3 2022 - 1.37M / 1.63M
EOY 2022 - 1.46M / 1.72M
EQ1 2023 - 1.55M / 1.81M
Wondering when the next shoe will drop. Banking crisis, commercial real estate crisis, debt ceiling and ongoing inflation are all still very much in play this year. Hoping for the best but not getting too sanguine about the market upswing so far this year.
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Mar 01 2023 - 1.115M 1.074M
Apr 01 2023 - 1.130M 1.086M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
$15K to the good this month - woo! Came at a good time too - we're off to Japan for almost 3 weeks this month to celebrate our 11th anniversary - was supposed to be a 10th anniversary trip, but border didn't open in time for us last year.
-
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
Apr $721K $1,720K $2,111K $2,076K
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 $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $$978,864.73 |
| 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
Not a bad month, got a bonus and a (slight) raise. Getting closer to crossing the line again!
-
End of Q1 2023 update
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)
12/29/22 $1.48M $1.26M (big house repairs and construction happening; invested ~$95K this year not including pension contributions)
3/31/23 $1.50M $1.33M (big house repairs/construction)
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
Nice. Now to go squander it all on a bigger house...
-
I have been hovering in the 1.9m for two months now (tnw). So close…
-
| | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | $- | $292,190 | $304,411 | $437,806 | $581,831 | $615,789 | $767,806 | $941,921 | $1,151,437 | $1,113,597 | - |
| February | $- | $332,002 | $331,197 | $162,424 | $585,663 | $662,207 | $735,649 | $961,753 | $1,139,532 | $1,106,684 | - |
| March | $- | $332,209 | $331,749 | $481,340 | $583,773 | $683,014 | $683,851 | $992,700 | $1,192,207 | $1,111,276 | - |
| 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 | $1,081,266 | - | - |
| September | $290,244 | $301,079 | $422,204 | $525,158 | $610,690 | $698,968 | $868,597 | $1,106,086 | $1,015,876 | - | - |
| October | $274,986 | $308,291 | $413,967 | $533,760 | $585,817 | $577,615 | $868,808 | $1,182,536 | $1,065,912 | - | - |
| November | $282,762 | $308,558 | $419,572 | $549,074 | $595,773 | $620,036 | $910,235 | $1,155,707 | $1,110,997 | - | - |
| December | $292,942 | $312,281 | $431,458 | $557,941 | $575,877 | $760,501 | $940,128 | $1,195,334 | $1,077,252 | - | - |
Pretty happy with how things are holding into the new year.
-
Combined personal and inherited investment/retirement accounts
April 2022 1,616
May 2022 1,620
June 2022 1,503
July 2022 1,610
August 2022 1,553
Sept 2022 1,429
Oct 2022 1,534
November 2022 1,630
Year End Dec 22 1,566
January 2022 1,682
February 2023 1,651
March 2023 1,695
New month-end high water mark, though it has popped above 1,7 a few times during the middle of the months.
-
Does liquid net worth include retirement accounts (401k)? If it does, do you take into account a 10% penalty if you had to liquidate the account? Or tracking the total account balance. And assuming you can access all the LNW at 59.5 yrs, etc?
And total NW always includes primary residence? TNW is sell "everything" and that is what you get in cash? Does it account for capital gains taxes on sale of real estate etc?
-
It's up to you on whether you want to account for those. For instance, I do not account for the 10% penalty, partly because if I were to tap the 401k early, I would go through the 72(t) SEPP route. But I do shave 8% off the value of my house to account for transaction costs when totaling my TNW.
-
Does liquid net worth include retirement accounts (401k)? If it does, do you take into account a 10% penalty if you had to liquidate the account? Or tracking the total account balance. And assuming you can access all the LNW at 59.5 yrs, etc?
And total NW always includes primary residence? TNW is sell "everything" and that is what you get in cash? Does it account for capital gains taxes on sale of real estate etc?
For myself personally, I'm tracking progress towards my total investment goal including retirement accounts. The actual numbers from monthly statements get dumped into a spreadsheet and summed together. I was already tracking that number prior to MMM, so for consistency sake, that's what I have continued to use.
With no debts outside of house related, and plenty of equity there, it would certainly add to my number to include home value but I know any amount I would put for TNW would just be an approximation. Household cash account and emergency fund fluctuate and I've never included them in my tracking numbers.
I realize there are flaws in my method because it doesn't account for the taxes involved in getting money back out of pretax retirement accounts. That is offset by the fact that I don't account for the cash value of Social Security in there, nor the approximate values of physical assets.
Double membership in the double comma club has a nice ring to it so that's what I'm aiming for.
-
Does liquid net worth include retirement accounts (401k)? If it does, do you take into account a 10% penalty if you had to liquidate the account? Or tracking the total account balance. And assuming you can access all the LNW at 59.5 yrs, etc?
And total NW always includes primary residence? TNW is sell "everything" and that is what you get in cash? Does it account for capital gains taxes on sale of real estate etc?
Unless you're trying to answer the question, "How much cash could I have in hand next month, with all taxes/penalties accounted for," I don't see the point in accounting for all of that. There are many ways to avoid penalties, as well as to minimize tax liability. However, as noted, it's up to you how you want to count your own NW. Despite the 'race' moniker, this is by no means a contest.
I personally don't debit any potential taxes from my stash. I do account for selling costs in my estimated house equity, since that's largely unavoidable.
-
Does liquid net worth include retirement accounts (401k)? If it does, do you take into account a 10% penalty if you had to liquidate the account? Or tracking the total account balance. And assuming you can access all the LNW at 59.5 yrs, etc?
And total NW always includes primary residence? TNW is sell "everything" and that is what you get in cash? Does it account for capital gains taxes on sale of real estate etc?
Unless you're trying to answer the question, "How much cash could I have in hand next month, with all taxes/penalties accounted for," I don't see the point in accounting for all of that. There are many ways to avoid penalties, as well as to minimize tax liability. However, as noted, it's up to you how you want to count your own NW. Despite the 'race' moniker, this is by no means a contest.
I personally don't debit any potential taxes from my stash. I do account for selling costs in my estimated house equity, since that's largely unavoidable.
I calculate my net worth monthly and discount my 401k and tIRA by 25% to take into account future taxes although I'd likely owe less than 25% of the amount when I do take the money. The vast majority of my net worth is in taxable accounts so it doesn't amount to much.
I also include known future expenses in my "liabilities" section like a home remodel we're planning. I know that's not technically good accounting for a balance sheet (which is what net worth is) but it helps me see if my spending:net worth ratio would be OK if I took all of these actions.
-
07/23/21 Cash & investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
I believe this is officially my highest recorded net-worth, surpassing my previous high in January 2021. It feels like the needle hasn’t moved much, but given the state of the markets, it’s good to see some progress!
-
NW minus Primary
2014: 512K 2015: 467K 2016: 514K 2017: 632K 2018: 697K 2019: 915K 2020: 1052K 2021: 1.33M
2022: 1.47M
1/23 1.40M
2/23 1.45M
3/23 1.42M
4/23 1.45M
There's been no real progress so far this year looking at our net worth. But some sustainability/sanity progress continues to be made. I'm continuing to sell my rentals.
- Yesterday, I accepted an offer of 130K on a duplex that I bought for 23K, 10 years ago. It was my second rental purchase ever. It's had a lot of work done and it made me money over the years. It's bittersweet.
- I've agree to sell another rental to the occupants. They are working on getting their finances together. I'm happy that they are in a place where this is possible.
-
TNW 1,985,000
TNW - house equity 1,310,000
Maybe the market will be good this week
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
It's going the right direction, up 100 grand in six months. Also, just like the James Bond song from the early 80s, "It's an All Time High . . ."
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
Sooo close! I don't count home equity or anything in my partner and my joint accounts, so if you include that I'm back over $1m, right??
-
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
Apr $721K $1,720K $2,111K $2,076K
May $1,092K $1,793K $1,906K $2,075K
Jun $1,828K $1,918K
Jul $1,841K $1,833K
Aug $1,217K $1,860K $1,916K
Sep $1,260K $1,906K $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
-
Sooo close! I don't count home equity or anything in my partner and my joint accounts, so if you include that I'm back over $1m, right??
No. Get out of this thread, you fraud.
-
Combined personal and inherited investment/retirement accounts
April 2022 1,616
May 2022 1,620
June 2022 1,503
July 2022 1,610
August 2022 1,553
Sept 2022 1,429
Oct 2022 1,534
November 2022 1,630
Year End Dec 22 1,566
January 2022 1,682
February 2023 1,651
March 2023 1,695
April 2023 1,709
-
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
Apr $721K $1,720K $2,111K $2,076K
May $1,092K $1,793K $1,906K $2,075K
Jun $1,828K $1,918K
Jul $1,841K $1,833K
Aug $1,217K $1,860K $1,916K
Sep $1,260K $1,906K $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
CONGRATULATIONS, on the road! It's awesome to see another graduation on this thread!!!
I'm sure the market will swing you back and forth a bit, but I hope you're taking a deep breath and celebrating your accomplishment.
-
@Arbitrage that is impressive! The past year has been a real flatline for a bunch of us, but third time across let’s plan on it sticking!
-
Does liquid net worth include retirement accounts (401k)? If it does, do you take into account a 10% penalty if you had to liquidate the account? Or tracking the total account balance. And assuming you can access all the LNW at 59.5 yrs, etc?
And total NW always includes primary residence? TNW is sell "everything" and that is what you get in cash? Does it account for capital gains taxes on sale of real estate etc?
Unless you're trying to answer the question, "How much cash could I have in hand next month, with all taxes/penalties accounted for," I don't see the point in accounting for all of that. There are many ways to avoid penalties, as well as to minimize tax liability. However, as noted, it's up to you how you want to count your own NW. Despite the 'race' moniker, this is by no means a contest.
I personally don't debit any potential taxes from my stash. I do account for selling costs in my estimated house equity, since that's largely unavoidable.
I calculate my net worth monthly and discount my 401k and tIRA by 25% to take into account future taxes although I'd likely owe less than 25% of the amount when I do take the money. The vast majority of my net worth is in taxable accounts so it doesn't amount to much.
I also include known future expenses in my "liabilities" section like a home remodel we're planning. I know that's not technically good accounting for a balance sheet (which is what net worth is) but it helps me see if my spending:net worth ratio would be OK if I took all of these actions.
Hmm...of course you would include retirement accounts...lol. And there ARE ways of tapping a 401K early without penalty. Read up folks!
-
Just hit 2,008,000 TNW! Still have a ways to go to be 2MM LNW but I'm taking the win.
-
Just hit 2,008,000 TNW! Still have a ways to go to be 2MM LNW but I'm taking the win.
Congrats!
-
Update: The progress certainly feels slower when the stock market goes horizontal. Better than the expected direction moving forward I suppose...
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
Aug 22: 1,011
Oct 22: 991
Nov 22: 1,026
Dec 22: 1,031
Jan 23: 1,024
May 23: 1,131 (includes EOY bonus paid in early '23)
-
Update: The progress certainly feels slower when the stock market goes horizontal. Better than the expected direction moving forward I suppose...
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
Aug 22: 1,011
Oct 22: 991
Nov 22: 1,026
Dec 22: 1,031
Jan 23: 1,024
May 23: 1,131 (includes EOY bonus paid in early '23)
We are on a similar trajectory. It’s been frustrating going backwards, then sideways for so long, but good to get back to all time high NW’s. Now we just need a deal on the debt ceiling.
-
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
05/22/23 Cash & Investments: $1,156,053
I have a decent pension coming too. If I calculate the present value of it using immediateannuties.com we’re over the $2m mark. But I need liquid to get over $2m to pull the ripcord as pension is 13-15 years away.
-
We are on a similar trajectory. It’s been frustrating going backwards, then sideways for so long, but good to get back to all time high NW’s. Now we just need a deal on the debt ceiling.
Frustrating indeed. Looks like you are ahead though as this is my TNW. Liquid is only approx. 700k. Seems like it's the first time in a while it feels like the odds of the market going up down or sideways all feel somewhat equally likely to me. Still practicing my set it and forget it with a little more going to high yield CDs, etc. If you're waiting on that pension 10+ years down the line to pull the plug, the near term doesn't really matter anyway. I similarly have 10-13 years left before pulling the plug (around $2.5M liquid + retirement accts goal) is very likely so who knows what the market will be then!
-
We are on a similar trajectory. It’s been frustrating going backwards, then sideways for so long, but good to get back to all time high NW’s. Now we just need a deal on the debt ceiling.
Frustrating indeed. Looks like you are ahead though as this is my TNW. Liquid is only approx. 700k. Seems like it's the first time in a while it feels like the odds of the market going up down or sideways all feel somewhat equally likely to me. Still practicing my set it and forget it with a little more going to high yield CDs, etc. If you're waiting on that pension 10+ years down the line to pull the plug, the near term doesn't really matter anyway. I similarly have 10-13 years left before pulling the plug (around $2.5M liquid + retirement accts goal) is very likely so who knows what the market will be then!
I'm really hoping to jump before I'm eligible to draw the pension. I'm in a bit of an odd spot, as I currently have 23 years in my pension and it's a pretty good amount, so we'll be in good shape when I'm eligible. But we don't want to wait that long so we're going be in a spot that we'll probably "lean fire" for a few years until the pension kicks in and that will move us closer "chubby fire" territory. At least that's the plan. Fire Calc seems to think we can be in that spot in 4-5 years, but it could be as much as 7 years out. We'll see what the market gods give us.
-
May 2023: $1,900,474
Inching closer every day!
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
-
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 |
| 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 | $912,288 | - |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | - |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | - |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | - |
It took me a year and 2 months but I'm finally back in this race. Hopefully this time it will stick :)
-
1/31/2023 $1,086,347.19
2/28/2023 $1,462,233.84
3/31/2023 $1,492,865.46
4/30/2023 $1,516,786.80
5/31/2023 $1,543,270.83
Progress there is.
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
Congrats! In that case, you have to fix your signature line.
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
Arrrghh apparently I'm doomed to asymptotically approach $1mil so we'll see if I ever actually get back over it!
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
-
*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?
I'm in for the cookies! I just passed the entry exam yesterday, so I'll be jumping in with you next month if it holds!
*waves* ... hmmm ... guys? ... hi?
Funny to find that post again, posted right on the cusp of one big roll downhill... but a year and a half later, here I am again. Yesterday was the first time ever that I closed a month as a millionaire! Baby Million came and went a few times between Nov 21 and Jan 22, not to be seen again until a couple of weeks ago. And yesterday I finally got to write it down somewhere official (my Excel sheet)!
So I decided it's (finally) time to graduate and get those cookies and millionaire bars :)
Invested assets, long term savings and debts:
12/31/14 $51,962
12/31/15 $92,762
12/31/16 $163,900
12/31/17 $251,415
12/31/18 $330,093 - new job, nice retention bonus from previous job
12/31/19 $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20 $714,958 - got up to $1M on 11/03 and then, well... yeah.
12/31/21 $993,847
12/31/22 $855,784
---
01/31/23 $930,327
02/28/23 $939,370
03/31/23 $977,364 - maxed out 401(k), started Mega Backdoor Roth
04/30/23 $991,877
05/31/23 $1,010,433 - YAY! COOKIES!
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
Congrats! In that case, you have to fix your signature line.
Done :)
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Mar 01 2023 - 1.115M 1.074M
Apr 01 2023 - 1.130M 1.086M
Jun 01 2023 - 1.132M 1.089M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Skipped updating in May because we were in Japan for our 10th 11th anniversary trip. Amazing trip. Was in no mood to add up accounts. So in 2 months essentially flat on the net worth figures. I'm ramping work from about 60% time to 75% time in hopes of hastening this whole FIRE process a little bit now that I feel less burned out than I did 2 years ago when I downshifted, plus there's a project with a challenging but possible deadline for once, so I guess I feel a little more motivated than usual. We've actually had a good spending month since returning from our trip, and the 3 weeks we were out we actually didn't spend that much - a lot of the trip was prepaid well before it actually happened, so hopefully the trend continues on that front as well.
-
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438
New all time high. 1.2m has been elusive, but getting closer!
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
Nice. Congrats! Probably even a bit more FIRE’d after yesterday’s market rally.
-
Welcome aboard, @pasadenafr !
Patience @turketron - you're probably back in good standing with the club since yesterday's rally !
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
Nice. Now to go squander it all on a bigger house...
I did that in 2019, I am probably 100k poorer today because of it, but, my life is much improved with spaces to work on cars. I've been more into HPDEs.
I got a large enough roof for solar, put that up in late 2019, and finally got the Tesla Model Y Performance to match with it last week.
Life is good, even if it isn't as focused on FIRE anymore. You're about to pass me too! 1.43 right now. I hope you do! Good Luck!
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
Nice. Now to go squander it all on a bigger house...
I did that in 2019, I am probably 100k poorer today because of it, but, my life is much improved with spaces to work on cars. I've been more into HPDEs.
I got a large enough roof for solar, put that up in late 2019, and finally got the Tesla Model Y Performance to match with it last week.
Life is good, even if it isn't as focused on FIRE anymore. You're about to pass me too! 1.43 right now. I hope you do! Good Luck!
It should be a big quality of life upgrade. Mostly due to location, but the 1,000 sq ft insulated/air conditioned garage doesn't hurt either, haha. Tell me more about the HPDEs! And are you going to track the Tesla?
Solar is going to be a priority for us as well. We already have a Polestar 2 and the house has two A/C units so the more power we can generate ourselves the better.
I think we just did pass you! Currently the numbers say $1.45M (assuming the house we just purchased is worth what we paid).
-
Turn 44 this year and it's been about two and half years since we hit the famous 1M mark. Weird how critical I have become even while pyling a lot of $$$ like never before. A couple days ago we reached 1.5M mark again like we did at the beginning of 2022 before the big down turn.
-
We seem to be treading water here but that’s actually not bad given the market, methinks. Just keep shoving in whatever I can.
| 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 |
| 04/08/22 | | $1,165,299 | | $714,316 |
| 07/30/22 | | $1,161,498 | | $577,813 |
| 06/06/23 | | $1,158,936 | | $634,122 |
[/quote]
-
2019 $826,413
2020 $1,019,917
2021 $1,270,062
*clears throat*
It's been 534 and days and $104,900 in contributions since the last time my NW hit a high water mark. Today is literally the first day it went back over the last record.
(Not that I'm counting)
JUN 2023 $1,285,992
-
2019 $826,413
2020 $1,019,917
2021 $1,270,062
*clears throat*
It's been 534 and days and $104,900 in contributions since the last time my NW hit a high water mark. Today is literally the first day it went back over the last record.
(Not that I'm counting)
JUN 2023 $1,285,992
Congrats! I've been similarly waiting for that day, and the recent market movement has me checking the numbers more frequently in anticipation. Not contributing as much as we used to in comparison to our NW, since we went coast-FIRE and have been working part-time, so we still have a bit to go.
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
Half a million dollar increase in mostly down market year and half, that is amazing. Congrats @2Birds1Stone! How did you all do that?
-
Half a million dollar increase in mostly down market year and half, that is amazing. Congrats @2Birds1Stone! How did you all do that?
We had a record household earnings (DW switched jobs after our pandemic sabbatical, I had a gangbusters year in tech sales).
Hope for a market tailwind over the next 18 months that brings us closer to the $2M mark despite no longer earning.
-
Half a million dollar increase in mostly down market year and half, that is amazing. Congrats @2Birds1Stone! How did you all do that?
We had a record household earnings (DW switched jobs after our pandemic sabbatical, I had a gangbusters year in tech sales).
Hope for a market tailwind over the next 18 months that brings us closer to the $2M mark despite no longer earning.
Cheers to that!
-
I’ve been checking net worth too much in anticipation for crossing the 1.2m mark. Finally hit it today.
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438
06/14/23 Cash & Investments: $1,200,739
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
Nice. Now to go squander it all on a bigger house...
I did that in 2019, I am probably 100k poorer today because of it, but, my life is much improved with spaces to work on cars. I've been more into HPDEs.
I got a large enough roof for solar, put that up in late 2019, and finally got the Tesla Model Y Performance to match with it last week.
Life is good, even if it isn't as focused on FIRE anymore. You're about to pass me too! 1.43 right now. I hope you do! Good Luck!
It should be a big quality of life upgrade. Mostly due to location, but the 1,000 sq ft insulated/air conditioned garage doesn't hurt either, haha. Tell me more about the HPDEs! And are you going to track the Tesla?
Solar is going to be a priority for us as well. We already have a Polestar 2 and the house has two A/C units so the more power we can generate ourselves the better.
I think we just did pass you! Currently the numbers say $1.45M (assuming the house we just purchased is worth what we paid).
I am jealous of AC in the garage! haha
We bought this house in 2019 and immediately slapped solar on top, I had every intention of getting a Tesla at that point as well, but we kept our car due to the car market going insane. After the recent price drops though, they are back to being "reasonable" as far as new cars go at least.
For HPDEs I have a Corvette :), the more I type here, the more I fear being banned from the forums haha.
We're at 1.45 today, I assume you're closer to 1.5 now. Congratulations.
I am hoping to FIRE in my later 30s now. Maybe between 36 and 40. I really would like 2.5mm.
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
Nice. Now to go squander it all on a bigger house...
I did that in 2019, I am probably 100k poorer today because of it, but, my life is much improved with spaces to work on cars. I've been more into HPDEs.
I got a large enough roof for solar, put that up in late 2019, and finally got the Tesla Model Y Performance to match with it last week.
Life is good, even if it isn't as focused on FIRE anymore. You're about to pass me too! 1.43 right now. I hope you do! Good Luck!
It should be a big quality of life upgrade. Mostly due to location, but the 1,000 sq ft insulated/air conditioned garage doesn't hurt either, haha. Tell me more about the HPDEs! And are you going to track the Tesla?
Solar is going to be a priority for us as well. We already have a Polestar 2 and the house has two A/C units so the more power we can generate ourselves the better.
I think we just did pass you! Currently the numbers say $1.45M (assuming the house we just purchased is worth what we paid).
I am jealous of AC in the garage! haha
We bought this house in 2019 and immediately slapped solar on top, I had every intention of getting a Tesla at that point as well, but we kept our car due to the car market going insane. After the recent price drops though, they are back to being "reasonable" as far as new cars go at least.
For HPDEs I have a Corvette :), the more I type here, the more I fear being banned from the forums haha.
We're at 1.45 today, I assume you're closer to 1.5 now. Congratulations.
I am hoping to FIRE in my later 30s now. Maybe between 36 and 40. I really would like 2.5mm.
It's Arizona so A/C in the garage is a really big deal too. It would get unbearably hot in there otherwise.
There's at least one well regarded forum member that bought a brand new Porsche 911, so I don't think a Corvette will be getting you banned. That's a great choice for HPDE. Good performance but not expensive to work on.
1.46M as of last check. Some moving related expenses (like a new washer/dryer) are restraining the net worth growth. And since we haven't sold our current house yet that's ~$200k that isn't invested right now. Will be interesting to see where the dust settles by the end of the year, but I suspect even though we're so close that the $1.5M threshold is going to be an uphill battle. Especially if we install solar panels.
I'm already right in the middle of your 36-40 range, heh. I'm feeling pretty good about our finances, but we've yet to see how much the new house will beat us up, haha.
-
I'm posting when we pass nice round numbers, rather than at set intervals. Today we just squeaked past a new milestone.
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
November 2021 - passed $1.6M
June 2023 - passed $1.7M
That last 100k took longer than expected!
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
Nice. Now to go squander it all on a bigger house...
I did that in 2019, I am probably 100k poorer today because of it, but, my life is much improved with spaces to work on cars. I've been more into HPDEs.
I got a large enough roof for solar, put that up in late 2019, and finally got the Tesla Model Y Performance to match with it last week.
Life is good, even if it isn't as focused on FIRE anymore. You're about to pass me too! 1.43 right now. I hope you do! Good Luck!
It should be a big quality of life upgrade. Mostly due to location, but the 1,000 sq ft insulated/air conditioned garage doesn't hurt either, haha. Tell me more about the HPDEs! And are you going to track the Tesla?
Solar is going to be a priority for us as well. We already have a Polestar 2 and the house has two A/C units so the more power we can generate ourselves the better.
I think we just did pass you! Currently the numbers say $1.45M (assuming the house we just purchased is worth what we paid).
I am jealous of AC in the garage! haha
We bought this house in 2019 and immediately slapped solar on top, I had every intention of getting a Tesla at that point as well, but we kept our car due to the car market going insane. After the recent price drops though, they are back to being "reasonable" as far as new cars go at least.
For HPDEs I have a Corvette :), the more I type here, the more I fear being banned from the forums haha.
We're at 1.45 today, I assume you're closer to 1.5 now. Congratulations.
I am hoping to FIRE in my later 30s now. Maybe between 36 and 40. I really would like 2.5mm.
It's Arizona so A/C in the garage is a really big deal too. It would get unbearably hot in there otherwise.
There's at least one well regarded forum member that bought a brand new Porsche 911, so I don't think a Corvette will be getting you banned. That's a great choice for HPDE. Good performance but not expensive to work on.
1.46M as of last check. Some moving related expenses (like a new washer/dryer) are restraining the net worth growth. And since we haven't sold our current house yet that's ~$200k that isn't invested right now. Will be interesting to see where the dust settles by the end of the year, but I suspect even though we're so close that the $1.5M threshold is going to be an uphill battle. Especially if we install solar panels.
I'm already right in the middle of your 36-40 range, heh. I'm feeling pretty good about our finances, but we've yet to see how much the new house will beat us up, haha.
My actual invested NW is only 1.0->1.1m so, that's how you're going to pull ahead over time.
I actually owned a 2016 Z51 for... this entire time since 2015. It wasn't insanely priced at around 60k. I sold it in 2022 for 55k and bought a 2016 Z06, so I had to add maybe 10-15k to "upgrade"
Wouldn't change it for the world though, it's about the most fun you can have. HPDEs are just nonstop excitement.
Add the Tesla Model Y Performance to that though, and I am legitimately sitting on a lot of $$$ in cars, but, next to our reasonably high HHI of 250k-300k last year, it isn't really effecting us too much.
The goal would be to reign in a bit if/when we actually pulled the FIRE trigger.
------------------------------------
Two thumbs up on the solar investment though, we had ours slapped up in 2019 and it's almost paid for itself, add in the Tesla and it's an overall amazing feeling to drive for "Free*(TM)" (Ignoring nearly $100,000 in cars + panels heh)
-
@TheAnonOne you are officially banned! ;)
...said by the wife of the man who has six motorcycles in the garage. Not just cheapo ones either, we start with a 1939 Indian and work our way up from there.
-
And this last thread of conversations is why many of the old timers are gone from these forums... lol.
Our most extravagant vehicle is a 2015 Hyundai Sonata. We have three vehicles but some days that's a challenge with four working adults, some of which WFH most of the time, but the 2007 Corolla is still humming along. I could get a Tesla, but why? Kind of the same reason I never got a Lamborghini.
I suppose each of us has our own version of FIRE we are headed towards, but knowing human nature and habit forming, I'd just caution that "pulling back when we FIRE" may be a recipe for unpleasantness. As I am getting closer, I see it being harder and harder to shed some of the spending habits that would be best to have not been there at all.
-
This reminds me of a thread where folks where comparing what % of their Net Worth is wrapped up in things with a motor (cars, boats, etc.). I'm hovering around 1% at the moment. However, in the case of a 1939 Indian motorcycle, I'm not sure whether that qualifies, as it seems like that could actually be viewed as an investment (appreciating asset).
-
Hey, I’m the one who commented about having the 1939 Indian. We previously had a 1940 Indian and it’s definitely an investment. DH is a lifelong mechanic (aircraft, motorbikes, etc.) While he does spend money & time on this hobby of his, we do make a profit when he sells one of the bikes and he’s not one to hang out in bars or blow all his money on beer or boats, etc. It works out for us and we are both FIRE, so it’s not been too extravagant in regard to our NW or overall spending.
-
Hey, I’m the one who commented about having the 1939 Indian. We previously had a 1940 Indian and it’s definitely an investment. DH is a lifelong mechanic (aircraft, motorbikes, etc.) While he does spend money & time on this hobby of his, we do make a profit when he sells one of the bikes and he’s not one to hang out in bars or blow all his money on beer or boats, etc. It works out for us and we are both FIRE, so it’s not been too extravagant in regard to our NW or overall spending.
I am not a motorcycle person by any means, but yeah, I would tend to think of those as assets, meaning I would actually put them in my net worth calculation vs a depreciating car, which I have always excluded from my calcs. Good for you to have a mechanically inclined spouse -- I don't get near that stuff. I still take my 13 year old toyota to the dealership for all the maintenance, which I know is more expensive, but there is some peace of mind to it.
And the great part about being mechanically inclined like that is -- the potential for supplemental retirement income!! Double bonus!
-
Hey, I’m the one who commented about having the 1939 Indian. We previously had a 1940 Indian and it’s definitely an investment. DH is a lifelong mechanic (aircraft, motorbikes, etc.) While he does spend money & time on this hobby of his, we do make a profit when he sells one of the bikes and he’s not one to hang out in bars or blow all his money on beer or boats, etc. It works out for us and we are both FIRE, so it’s not been too extravagant in regard to our NW or overall spending.
I am not a motorcycle person by any means, but yeah, I would tend to think of those as assets, meaning I would actually put them in my net worth calculation vs a depreciating car, which I have always excluded from my calcs. Good for you to have a mechanically inclined spouse -- I don't get near that stuff. I still take my 13 year old toyota to the dealership for all the maintenance, which I know is more expensive, but there is some peace of mind to it.
And the great part about being mechanically inclined like that is -- the potential for supplemental retirement income!! Double bonus!
Yeah, I should clarify a bit. Even though DH almost always makes a profit when selling any of his antique motorcycles, we do not count any of them in our NW calculations. All we count for that purpose is real cash/investable assets and our real estate property. I would never count vehicles or personal possessions, furnishings, etc. in our NW.
It is great having a mechanically inclined spouse, but I am not opposed at all to using the dealership for our cars (especially during the warranty period.)
Sorry for derailing the thread…now back to posting NW race results.
-
And this last thread of conversations is why many of the old timers are gone from these forums... lol.
But I am one of the old timers... At least, I've been here longer than you.
-
And this last thread of conversations is why many of the old timers are gone from these forums... lol.
But I am one of the old timers... At least, I've been here longer than you.
Jan 2015 here.
I think, life is just different now. We are, after all, racing to multimillionaire status. Legitimately, "the small stuff" is more irrelevant than it useto be. Life is good.
FIRE at 36 or 38 or 40 is more up to the market than it is up to any personal choice I make. Obviously, let's not break the bank, but upgrading a car is the least of my worries. Hell, MMM himself just bought one.
-
2019 $826,413
2020 $1,019,917
APR 2021 $1,100, 966
AUG 2021 $1,200,662
Just a few days after reaching the first NW high water mark in almost two years, we're back to our regularly scheduled 100k benchmark posts.
JUN 2023 $1,303,602
Up about 200k YTD, with 47k in contributions. Would I have predicted that, amongst inflation, debt limit battles, and recession fears? Absolutely not.
Wild.
-
The markets have been good to me and I'm in this group now too! Can't believe it.
Invested Assets: 1,200K
Total Net Worth: 2,000K (with paid for house)
I've been shoveling cash onto the stash the past couple years. I hit 1.6 Mil for the first time last month. Thanks to the recent market run up, I'm already closing in on 1.7.
Invested Assets: 1.68 Mil
-
Hmmm, let's see, where am I? Oh, that's right, I've been straightening out many aspect of my life. What was reported as my household net worth is now my net worth as a single person, so it looks wonky, but that's okay. Haven't been paying much attention to the financials lately, other than stockpiling cash and making sure my cash-flowing of Zamboni Jr's college costs continues on course. Another change needed is that I should now jettison my second column bc the liquid net worth and total net worth are now basically the same. At this point I'm calling it a win that I am still on this gauntlet and I didn't need to drop down to the previous gauntlet for making my first million. I'm going to clean it up to make the list shorter, so here's a semi-annual check in.
LNW
Dec 2019 $1.02MM
July 2020 $1.06MM
Dec 2020 $1.26MM
Aug 2021 $1.42MM
Dec 2021 $1.52MM
Jun 2022 $1.38MM
Dec 2022 $1.33MM
Jun 2023 $1.22MM
-
Hell, MMM himself just bought one.
Let's not be disingenuous here and create false equivalencies.
Are you already FIRE? MMM has hit that milestone over a decade ago, and has therefore established that his NW is still rising. He's also got "free" money flowing in from this web site which he talked about way back when, and most of us are likely not having that spigot of cash flow, so saying "MMM did it so I can" is not really accurate. I think you know that, but stating it here for tose later travelers who may been greenhorns and suddenly view it as license to spend frivolously and think it's responsible.
At the end of the day each is on our own journey here. If people want/feel they can take a detour and get themselves lost or that it is just a pleasant side trip to an overlook in life is for each to decide and live through. I just do think there is a lot less of being honest with each other about calling BS when it surfaces.
-
I've decided I need to take a break from checking my account balances (other than keeping the checkbook balanced.) So, I've just put a reminder in my calendar to check in at the end of July. Honestly I should wait longer . . . we'll see how I feel when that reminder pops up.
-
First post in this thread since we just crossed the $1 million mark last week in investible assets/cash. Took 8 years of very aggressive saving to get here. We are now in barebones FI territory and have also downshifted to part time (Coast FI). Plan is to max 401k and Roth while still working and whatever is left after expenses to taxable account. At least I feel secure that compounding will be doing most of the heavy lifting from this point on. Not sure if we will ever get to $2 million as we would RE and in Fat FIRE territory by then. But, you never know!
Wanted to update since it's been a little over 2 years since I posted this and some changes to our life situation. My wife was forced back into full time work by her employer at the end of 2021 and even though I've switched to part-time, my income has stayed the same as if I was full time. Because of this, our income is at its highest the past few years and we've also invested more outside of our retirement accounts. Even though 2022 wasn't good to our net worth, we've managed to stay afloat.
LNW TNW
Dec 2021: $1.1m $1.65m
Dec 2022: $1.0m $1.56m
Jun 2023: $1.25m $1.83m
Our expenses the past few years have also been higher than normal. We've had to replace old appliances and put in a new ductless AC/heat pump to replace our old HVAC. I said back in 2021 that we probably won't get past $2 million since we may RE before we reach it, but based on our current trajectory and our willing to put up with work in the intermediate term (3-5 years), we will probably end up going past that number. Good problem to have, I suppose.
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
-
I crossed over into $2M category early this month. TBH, I’m not too sure of our exact net worth. It is a bit of a ballpark because lots of our net worth is tied into our house, which is hard to know exact worth. But, since we were several thousand above with a conservative estimate on the house, I feel confident enough.
I’m too lazy right now to look back at when exactly we hit $1M, but I believe it was summer 2019. So, I think once you hit a certain threshold, the continuous saving really gets you moving quite quickly!
Off to check out the $2M to $4M thread…
-
Congrats @LeftA !
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 |
| 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 | $912,288 | - |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | - |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | - |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | - |
-
Good Quarter! We are now borderline FI. If we fired our Nanny, we are there according to the 4% rule and our 12 month rolling expenses. We are planning to move to a slightly HCOL over Labor Day, and now have #2 on the way due next February so that math will change some. We will continue to march forward for now.
We will see what happens with #2. If we are overwhelmed, we are incredibly grateful to be in the position we are and may take a gap year or five.
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
03/31/22 $1,079,907 $1,261,231
06/30/22 $951,010 $1,133,332
09/30/22 $932,215 $1,116,375
12/31/22 $1,037,594 $1,264,764
03/31/23 $1,169,701 $1,363,914
06/30/23 $1,259,219 $1,465,265
-
1/31/2023 $1,086,347.19
2/28/2023 $1,462,233.84
3/31/2023 $1,492,865.46
4/30/2023 $1,516,786.80
5/31/2023 $1,543,270.83
6/30/2023 $1,615,750.49
Good month! Let's go!
-
Still in the race but hopefully not for long!
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
July 1, 2023- $1.67M
-
Nov-17 - 300k
May-18 - 375k
July -18 - 400k
Dec-18 - 345K - liquid 404
annual net +45k (+15%) liquid ?
Mar-19 - 415K
Jun-19 nw 444K - liquid -514K
Sep-19 nw 450K liquid 527K
dec-19 nw 490k liquid 575k
annual net +145k (+42%) liquid +171k (+42%)
mar-20 nw 374 liquid 455
Jun-20 nw 468 liquid 541
Sep-20 nw 612 liquid 573
Dec-20 nw 737 liquid 679
annual net +247k (+50%) liquid +104k (+18%)
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
annual net +329k (+45%) liquid +184k (+27%)
Mar-22 nw 1,058 liquid 817
June-22nw 962 liquid 672
Sep-22 nw 964 liquid 684
Dec-22 nw 970 liquid 671
annual net -96k (-9%) liquid -192k (-22%)
Jan-23 nw 991 liquid 719
Jun-23 nw 916 liquid 801
still down on the year but still retired and ok about it. nw down but liquid up due to me selling an underperforming townhouse. Cut the price to get rid of it but I either had the choice to raise rents to a stupid level or still it and get invested before stock prices recovered fully. Turns out I'm not a good slumlord so I sold.
-
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)
Oct-22 *Did Not Calculate
Jan-23 $1,821,385 (DNC)
April-23 $1,953,913 (+132,528) *Milestone -over 1.5 million liquid
July-23 $2,092,670 (+138,757) ***Sabbatical Time***
JGS
-
July-23 $2,092,670 (+138,757) ***Sabbatical Time***
JGS
Congrats!!
-
Hello hello!! Just graduated from the last thread. Its been a great month for NW increases! Still working, I think realistically my household needs to hit somewhere between 1.3- 1.6M before we downshift. What percentage of people here are retired already?
What color velvet smoking jackets do people wear here? I want to make sure I coordinate.
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | -- |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | -- |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | -- |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | -- |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | -- |
-
@fuzzy math, the beauty in being a member of this exclusive club is you can wear WTF color smoking jacket you want! We're just pleased to have you join the club.
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| 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 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
FINALLY back over $1mil! After 18 months I'm no longer an impostor and get to be a legitimate member of this thread again!
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
Technically (and finally) a new ATH with total net worth, but any increases in house equity are mostly funny money right now as we're not intending to move for a long time. Tantalizingly close in LNW. I'm sure the market will pull back again like the bastard it is.
-
@fuzzy math, the beauty in being a member of this exclusive club is you can wear WTF color smoking jacket you want! We're just pleased to have you join the club.
+1
-
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
12/21 - $1,097,677 $1,494,954
12/22 - $889,747 $1,473,525
01/23 - $928,729 $1,428,662
02/23 - $927,508 $1,428,662
03/23 - $945,677 $1,446.021
04/23 - $955,314 $1,477,097
05/23 - $955,572 $1,477,951
06/23 - $1,000,380 $1,523,364
@turketron, I'm absolutely walking with you. I felt like I'd never get back here. Still below the all time high, but there is just something about having a million bucks in cold hard cash (well, not exactly cold or hard or cash...but you know what I'm saying) to make you feel like...well...a millionaire. Really happy about it. Not that it changes one darn thing in my life. But it still feels good.
-
End of Q2 2023 update
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)
12/29/22 $1.48M $1.26M (big house repairs and construction happening; invested ~$95K this year not including pension contributions)
3/31/23 $1.50M $1.33M (big house repairs/construction)
6/30/23 $1.53M $1.40M (just finished house work)
-
*waves* ... hmmm ... guys? ... hi?
Funny to find that post again, posted right on the cusp of one big roll downhill... but a year and a half later, here I am again. Yesterday was the first time ever that I closed a month as a millionaire! Baby Million came and went a few times between Nov 21 and Jan 22, not to be seen again until a couple of weeks ago. And yesterday I finally got to write it down somewhere official (my Excel sheet)!
So I decided it's (finally) time to graduate and get those cookies and millionaire bars :)
Invested assets, long term savings and debts:
12/31/14 $51,962
12/31/15 $92,762
12/31/16 $163,900
12/31/17 $251,415
12/31/18 $330,093 - new job, nice retention bonus from previous job
12/31/19 $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20 $714,958
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
12/31/22 $855,784
---
01/31/23 $930,327
02/28/23 $939,370
03/31/23 $977,364 - maxed out 401(k), started Mega Backdoor Roth
04/30/23 $991,877
05/31/23 $1,010,433 - YAY! COOKIES!
06/30/23 $1,056,937
I feel like I'm starting a new journey, and it's so exciting. This month also marked a new ATH for me. Hopefully Baby Million is here to stay this time, but hey, who knows?
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Mar 01 2023 - 1.115M 1.074M
Apr 01 2023 - 1.130M 1.086M
Jun 01 2023 - 1.132M 1.089M
Jul 02 2023 - 1.187M 1.138
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
$55K (on the TNW anyway - "only" $49K on the 'stache) in 1 month - this is much more fun to watch than when it goes the other way. Still quite a ways off from the all-time high but we'll get there and beyond eventually I'm sure.
-
Updating for Jan 31st 2022.
Thanks to the late push last couple of days or else it would be worst.
Rental 250,000- Paid off. getting only $10k of net income per year.
Primary 158,060- 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 29.494
IRA-roth 124,410
IRA 78,395
Inx funds 152,736
401k 27,098
Wife 401k 42.142
Wife HSA 8,900
Wifes IRA 99,290
Loan 176,990- Other house equity. Loan being paid back @3.5%.
Cash 28,719-
Etrade 140,623- I made $21k from trading stocks. Still can't beat the SP500 LOL
TastyWorks 28,151
Gold 6,000
$1,416,008- Net Worth.
$1,261,948- Without primary home.
A decrease of ~$28.5k for the first month.
Wow, I haven't updated in 1 1/2 yr. Probably because of the tanking of 2022 and I've semi-retired.
So far half way through 2023, I've worked 327 hrs and made $24k. Slacking big time. Wife doesn't work.
Around Jan 2022 was still peak market and we still have another 9% before we match that again.
My Net Worth have finally reached $1.5 million because of house value.
We have a huge chunk of cash and for now settled on CDs and savings because the market scares me right now.
Rental 280,000- Paid off. Housing in Fla have skyrocketed.
Primary 243,000- Valued this house at $550k. Will sell for more.
$550k- minus selling fee and balance owed.
Assets 50,000- 2 paid off, 3rd car will be done in 6 months
HSA 37,781
IRA-roth 124,410- Holy crap, number is exactly same as Jan 2022
IRA 79,604
Inx funds 153,983
401k 27,017
Wife 401k 41,820
Wife HSA 8,500
Wifes IRA 99,697
Loan ZERO - SIL got divorced. Sold the house and we got our money back.
Cash 13,750-
1YR CD 150,000- I put a chunk of the proceeds from the house on 5.55% brokered CDs from Chase.
SAVINGS 83,000- Haven't figured what to do with this yet. Getting 4.5% Vanguard Cash Plus.
Etrade 18,748-
TastyWorks 58,482
Ibonds 44,000
Gold 6,000
$1,519,795 - Net Worth.
$1,276,795 - Without primary home.
-
Combined personal and inherited investment/retirement accounts
April 2022 1,616
May 2022 1,620
June 2022 1,503
July 2022 1,610
August 2022 1,553
Sept 2022 1,429
Oct 2022 1,534
November 2022 1,630
Year End Dec 22 1,566
January 2022 1,682
February 2023 1,651
March 2023 1,695
April 2023 1,709
Seem to have missed posting last month.
End of June 2023 1,769
-
Thank you so much! Just seeing this message now. I am hoping to stay on the right side of the finish line this time, but hard to say.
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
Apr $721K $1,720K $2,111K $2,076K
May $1,092K $1,793K $1,906K $2,075K
Jun $1,828K $1,918K
Jul $1,841K $1,833K
Aug $1,217K $1,860K $1,916K
Sep $1,260K $1,906K $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
CONGRATULATIONS, on the road! It's awesome to see another graduation on this thread!!!
I'm sure the market will swing you back and forth a bit, but I hope you're taking a deep breath and celebrating your accomplishment.
-
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
Apr $721K $1,720K $2,111K $2,076K
May $1,092K $1,793K $1,906K $2,075K
Jun $1,828K $1,918K $2,064K
Jul $1,841K $1,833K $2,108K
Aug $1,217K $1,860K $1,916K
Sep $1,260K $1,906K $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
-
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
Apr $721K $1,720K $2,111K $2,076K
May $1,092K $1,793K $1,906K $2,075K
Jun $1,828K $1,918K $2,064K
Jul $1,841K $1,833K $2,108K
Aug $1,217K $1,860K $1,916K
Sep $1,260K $1,906K $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
Congrats, it looks like you've graduated!
-
An update on my journey:
2012--- $198k
2013--- $256k (+58)
2014--- $332k (+76)
2015--- $445k (113
2016--- $522k (+77) (+husband!)
2017--- $655k (+133)
2018--- $690k (+35)
2019--- $898k (+208)
2020--- $1,211 (+313)
2021---$1,521 (+310)
2022---$1,283 (-238) (yikes!)
2023---$1,555 so far this year
Thoughts from March 2023 - Husband and I are still truckin' buying cheap shares, getting small (but much appreciated govt cost of living increases) and despite a wild couple years, still aiming to be FIRE class of 2030. I still think it's possible.
This is my tenth year of tracking monthly stash values and I'm so glad I have that perspective to look back on. I also just downloaded the spreadsheet available over at the Case Study: Spreadsheet Updates. Boy that's a powerful tool that's going to keep me learning lots!
Thoughts from July 2023- Well what a difference 3 months makes. We went from about 1,300k to 1,555k. This week we hit a new high for our Vanguard account surpassing $700k. In March I was pretty down frustrated with the recent dip in the market. Now I can't believe we're back up where we were and we've seen a $200k swing in our portfolio once again. It's' a good reminder to keep on keepin' on.
Also I notice a bigger portfolio means bigger absolute changes in dollars. This invites interesting discussions. Lately husband has been hot on buying land or real estate. We're near the Spokane market and that wouldn't be a bad choice. Still I'm more comfortable to stay in the market (no real assets outside the house which I don't report on our net worth figures). We're at about 90% stocks and 10% bonds.
The early retirement calculator at networthify.com says we're back in striking distance to retire with the 2030 cohort. I can't believe we've only got 7 years left of full time work until we fatFIRE. Getting into the single digits is an interesting place to be, it makes me think about what I really want to do, the kind of person I want to be at work with the time I have remaining.
Husband and I will likely move into Spokane (90 mins away) for retirement and that process (sell/buy) and the timing of the move relative to finishing work is a frequent topic of pondering for us as of late. For example if we want to build a home, that process probably needs to start in a few years to be ready in 2030.
I'm making this post while I'm feeling pleased with progress, 3 months after feeling pretty frustrated as a reminder that these things come and go and staying the course is what will matter in the long run. LNW 2M in 2026? We'll see.
-
Liquid net worth
2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
Apr $721K $1,720K $2,111K $2,076K
May $1,092K $1,793K $1,906K $2,075K
Jun $1,828K $1,918K $2,064K
Jul $1,841K $1,833K $2,108K
Aug $1,217K $1,860K $1,916K
Sep $1,260K $1,906K $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K
Congratulations On The Road, it looks like you're entering 2M to 4M. I hope to join you there in a couple years. Best wishes for more progress!
-
Joining the new group as I make the journey to $2M. I track networth which includes my home, but does not include my wife's assets. broke through the millionaire status to start 2023, and posting my March 1 status a few days early (busy the next few days!)
1/1/2013 -$20,000
1/1/2014 -$7,000
1/1/2015 $19,000
1/1/2016 $70,000
1/1/2017 $126,000
1/1/2018 $185,000
1/1/2019 $417,000
1/1/2020 $489,000
1/1/2021 $545,000
1/1/2022 $656,000
1/1/2023 $1,018,000
2/1/2023 $1,043,000
3/1/2023 $1,047,000
Based on my projections I should graduate this group in June 2027. Another million in less than 4.5 years does not seem realistic but I keep beating my projections (humble brag). Hopefully at this time I'll be evaluating the continuation of the 9-5 but don't have a set number right now. Let's go!
1/1/2023 $1,018,000
2/1/2023 $1,043,000
3/1/2023 $1,047,000
4/1/2023 $1,056,000
5/1/2023 $1,047,000
6/1/2023 $1,053,000
7/1/2023 $1,062,000
A few up and down months but think I'm back on track after a few big purchases first half of the year. Will look to break $1.1M mark before end of the year but we'll see what the stock market wants to do.
-
An update on my journey:
2012--- $198k
2013--- $256k (+58)
2014--- $332k (+76)
2015--- $445k (113
2016--- $522k (+77) (+husband!)
2017--- $655k (+133)
2018--- $690k (+35)
2019--- $898k (+208)
2020--- $1,211 (+313)
2021---$1,521 (+310)
2022---$1,283 (-238) (yikes!)
2023---$1,555 so far this year
Thoughts from March 2023 - Husband and I are still truckin' buying cheap shares, getting small (but much appreciated govt cost of living increases) and despite a wild couple years, still aiming to be FIRE class of 2030. I still think it's possible.
This is my tenth year of tracking monthly stash values and I'm so glad I have that perspective to look back on. I also just downloaded the spreadsheet available over at the Case Study: Spreadsheet Updates. Boy that's a powerful tool that's going to keep me learning lots!
Thoughts from July 2023- Well what a difference 3 months makes. We went from about 1,300k to 1,555k. This week we hit a new high for our Vanguard account surpassing $700k. In March I was pretty down frustrated with the recent dip in the market. Now I can't believe we're back up where we were and we've seen a $200k swing in our portfolio once again. It's' a good reminder to keep on keepin' on.
Also I notice a bigger portfolio means bigger absolute changes in dollars. This invites interesting discussions. Lately husband has been hot on buying land or real estate. We're near the Spokane market and that wouldn't be a bad choice. Still I'm more comfortable to stay in the market (no real assets outside the house which I don't report on our net worth figures). We're at about 90% stocks and 10% bonds.
The early retirement calculator at networthify.com says we're back in striking distance to retire with the 2030 cohort. I can't believe we've only got 7 years left of full time work until we fatFIRE. Getting into the single digits is an interesting place to be, it makes me think about what I really want to do, the kind of person I want to be at work with the time I have remaining.
Husband and I will likely move into Spokane (90 mins away) for retirement and that process (sell/buy) and the timing of the move relative to finishing work is a frequent topic of pondering for us as of late. For example if we want to build a home, that process probably needs to start in a few years to be ready in 2030.
I'm making this post while I'm feeling pleased with progress, 3 months after feeling pretty frustrated as a reminder that these things come and go and staying the course is what will matter in the long run. LNW 2M in 2026? We'll see.
I think the overlooked point that is worth noting in your data is how the +husband correlated with much greater annual gains after that. I think this is something we tend to gloss over here in this community for some reason.
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
7/1/2023 - 1.48m
Finally getting somewhere again.
-
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
EQ3 2022 - 1.37M / 1.63M
EOY 2022 - 1.46M / 1.72M
EQ1 2023 - 1.55M / 1.81M
EQ2 2023 - 1.64M / 1.91M
Forgot to update last week before it dropped a smidge. I had briefly eclipsed my all-time LNW high. It was nice. For the day it lasted, anyway.
I'm getting impatient now that I'm closing in on the 2M TNW goal. I have a small defined benefit (non-adjusted) pension that is worth about 200K at today's rates, so I suppose I could count that and be over the mark, but it doesn't feel quite legit somehow.
-
May 2023: $1,900,474
Inching closer every day!
Total NW of today: $2,002,260!! I know it might not last long but it is pretty exciting :)
-
Total NW of today: $2,002,260!! I know it might not last long but it is pretty exciting :)
Congrats!!
-
Woot! Congratulations, @YellowCat!
I hope you feel proud of all you've accomplished!
-
As of today my net worth is 1.89 million. Hoping to hit the 2 mil mark soon!
-
Hit $1.5M today, halfway there!
-
My numbers on this list are TNW, which includes about 200k in home equity. So, compared with the LNW people, I am an impostor! That being said, we are hovering at about 990k LNW so after much sideways movement the past couple of years we are finally about to become legitimate millionaires.
My rationale for using TNW is the trendline of month to month progress includes the gradual sunsetting of the mortgage (which will happen in the early years of FIRE, circa 2030).
Cheers!
-
May 2023: $1,900,474
Inching closer every day!
Total NW of today: $2,002,260!! I know it might not last long but it is pretty exciting :)
Congratulations! How did you celebrate, @YellowCat ?
-
Hit $1.5M today, halfway there!
I would think of it as 75% there!
-
Hit $1.5M today, halfway there!
I would think of it as 75% there!
Haha, depends on what you use as a reference point. Halfway along for this specific race (starting at $1M).
-
Have been tracking this on a spreadsheet, but it’s writing it out this ways really shows the power of compounding, a bull market, and getting really lucky with rentals.
3/2012 $120,915
3/2013 $146,486
3/2014 $216,711
3/2015 $314,489
3/2016 $390,145
3/2017 $511,176
3/2018 $663,176
3/2019 $745,015
3/2020 $889,585 (bought a few rentals)
3/2021 $1,174,257 (reallocated 60% of stocks into real estate)
3/2022 $1,605,148 (increase due to cashflow, debt pay down, appreciation)
3/2023 $1,664,944 (slowest gain in 12 years, still grateful for it).
Currently at 1.8 million, hoping to get to $2 mil in mid-2024.
Shooting for 5 million (in today’s dollars) in 12 yrs since we are saving only 25% of what we use to with me shifting to part time this month and working on and off last 2 years since we FI’d. With rentals, it feels safer to keep saving than spend. Though we have never felt deprived.
Also, not accounting for actual value of pension.
Feels good to get here after having put in so much effort to save. Glad I found MMM in 2013.
-
I like the format used by TempusFugit, so here it goes:
LNW / TNW
EOY 2020 - 1.52M / 2.19M
EOY 2021 - 1.77M / 2.58M
EOY 2022 - 1.71M / 2.51M
EQ2 2023 - 1.92M / 2.76M
I'd love to hit 2M/3M before we punch out. We plan on working for the next two years, so that's not exactly a stretch goal (barring a market meltdown).
-
Have been tracking this on a spreadsheet, but it’s writing it out this ways really shows the power of compounding, a bull market, and getting really lucky with rentals.
3/2012 $120,915
3/2013 $146,486
3/2014 $216,711
3/2015 $314,489
3/2016 $390,145
3/2017 $511,176
3/2018 $663,176
3/2019 $745,015
3/2020 $889,585 (bought a few rentals)
3/2021 $1,174,257 (reallocated 60% of stocks into real estate)
3/2022 $1,605,148 (increase due to cashflow, debt pay down, appreciation)
3/2023 $1,664,944 (slowest gain in 12 years, still grateful for it).
Currently at 1.8 million, hoping to get to $2 mil in mid-2024.
Shooting for 5 million (in today’s dollars) in 12 yrs since we are saving only 25% of what we use to with me shifting to part time this month and working on and off last 2 years since we FI’d. With rentals, it feels safer to keep saving than spend. Though we have never felt deprived.
Also, not accounting for actual value of pension.
Feels good to get here after having put in so much effort to save. Glad I found MMM in 2013.
I started tracking in 2015 and my numbers are within 50k of yours almost every year.
-
Wow, what a coincidence! Hopefully you we both can enjoy graduating end of this year or early next! My savings will to drop to only $1500/mos, unless real estate gives us a decent cashflow…I don’t ever hold my breath on that.
-
Hit $1.5M today, halfway there!
I would think of it as 75% there!
Haha, depends on what you use as a reference point. Halfway along for this specific race (starting at $1M).
We also hit the 1.5mm mark.
Considering that we're targeting around (2mm + paid off house) I consider 1.5mm to be fairly encouraging. However our stache is "only" around 1.1mm of that.
The house has around 400k worth of debt on it @ 2.75%
Lot's of avenues to get there yet, but it's going to be a decent trek still. This target is fairly fat fire and it's that "high" mostly due to our own lifestyle inflation. I imagine were probably within 6-8 years of it, if the market is reasonably kind. Late 30s doesn't sound so bad :)
-
Hit $1.5M today, halfway there!
Also hit $1.5 just a few weeks ago. 100% there LOL.
I was looking at some old posts and in 2015 I was around $550K and I had said wishing I could reach $1.5 million by 2025. This was based on my salary >$100k and how much we were saving + hoping for decent market return.
Who knew that 2019 was the last year I would make over $100k and I still made our $1.5 million mark 2 yrs early.
All due to a lucky break during the pandemic and the insane Florida real estate. Yeah we have the highest inflation of all the states.
-
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
Aug 22: 1,011
Oct 22: 991
Nov 22: 1,026
Dec 22: 1,031
Jan 23: 1,024
May 23: 1,131 (TNW - includes EOY bonus paid in early '23); 745 (LNW)
Jul 23: 1,235 (TNW); 833 (LNW)
Shocking what a quick change in the market yields when you have a nice stache in there. Great on the way up, but it was a lot easier to think of down markets as buying opportunities when you only lost nominal amount that you could make back in a couple of paychecks (100k to 85k after a 15% dip) whereas now I'd probably lose a year's salary. Cuts both ways, but a good problem to have to deal with.
-
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
Aug 22: 1,011
Oct 22: 991
Nov 22: 1,026
Dec 22: 1,031
Jan 23: 1,024
May 23: 1,131 (TNW - includes EOY bonus paid in early '23); 745 (LNW)
Jul 23: 1,235 (TNW); 833 (LNW)
Shocking what a quick change in the market yields when you have a nice stache in there. Great on the way up, but it was a lot easier to think of down markets as buying opportunities when you only lost nominal amount that you could make back in a couple of paychecks (100k to 85k after a 15% dip) whereas now I'd probably lose a year's salary. Cuts both ways, but a good problem to have to deal with.
Last year my portfolio decreased by more than I earned in salary, but I stayed the course and so far this year it's already up more than double my salary. 2019, 20 & 21 all averaged increasing by as much or slightly more than my salary. It's wild how much bigger the swings are the bigger the stash is.
-
Crossed the 1.25m mark. Would be closer to 1.3, but had about 35k in home and auto expenses recently.
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438
06/14/23 Cash & Investments: $1,200,739
07/28/23 Cash & Investments: $1,253,933
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,600,000
Now that I caught the top, the market will surely crash tomorrow.
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
August 2023 = $1,210
-
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | -- |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | -- |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | -- |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | -- |
-
Waiting for the final numbers to come in after market close today, but it's been an eventful month...
-
I crested the $1M mark at the end of June but wanted to give it another month before I called it graduation to this thread. :)
Investments only; Household combined.
| | 2019 ($) | 2020 ($) | 2021 ($) | 2022 ($) | 2023 ($) |
| January | - | 496,255 | 674,413 | 898,547 | 902,687 |
| February | - | 472,573 | 700,728 | 880,646 | 903,228 |
| March | - | 444,067 | 732,652 | 901,213 | 928,990 |
| April | - | 495,051 | 762,029 | 848.393 | 982,455 |
| May | - | 524,063 | 759,955 | 843,438 | 990,932 |
| June | - | 524,530 | 796,116 | 789,251 | 1,032,315 |
| July | 330,406 | 552,296 | 826,664 | 856,647 | 1,070,543 |
| August | 437,870 | 632,115 | 866,404 | 848,320 | - |
| September | 443,081 | 617,959 | 827,075 | 813,668 | - |
| October | 452,295 | 604,646 | 873,651 | 865,508 | - |
| November | 483,711 | 664,577 | 898,767 | 905,357 | - |
| December | 484,963 | 674,843 | 925,511 | 860,954 | - |
-
Waiting for the final numbers to come in after market close today, but it's been an eventful month...
Me too... I'll get the final number tonight. I already know I missed the next (small) milestone by less than $3k and it's driving me crazy lol.
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
8/1/23: $2.010M / 2.353M
What a couple of months! Originally passed the mark midday on the 27th, but lost it by market close. Definitely will stick here for a bit to see if I can hold on before officially graduating myself, but #feelsgoodman.
-
Nov-17 - 300k
May-18 - 375k
July -18 - 400k
Dec-18 - 345K - liquid 404
annual net +45k (+15%) liquid ?
Mar-19 - 415K
Jun-19 nw 444K - liquid -514K
Sep-19 nw 450K liquid 527K
dec-19 nw 490k liquid 575k
annual net +145k (+42%) liquid +171k (+42%)
mar-20 nw 374 liquid 455
Jun-20 nw 468 liquid 541
Sep-20 nw 612 liquid 573
Dec-20 nw 737 liquid 679
annual net +247k (+50%) liquid +104k (+18%)
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
annual net +329k (+45%) liquid +184k (+27%)
Mar-22 nw 1,058 liquid 817
June-22nw 962 liquid 672
Sep-22 nw 964 liquid 684
Dec-22 nw 970 liquid 671
annual net -96k (-9%) liquid -192k (-22%)
Jan-23 nw 991 liquid 719
Jun-23 nw 916 liquid 801
Jul-23 nw 957 liquid 834
finally heading back in the right direction.
-
Liquid Net Worth only (renter)
12/31/14 $51,962
12/31/15 $92,762
12/31/16 $163,900
12/31/17 $251,415
12/31/18 $330,093 - new job, nice retention bonus from previous job
12/31/19 $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20 $714,958
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
12/31/22 $855,784
---
01/31/23 $930,327
02/28/23 $939,370
03/31/23 $977,364 - maxed out 401(k), started Mega Backdoor Roth
04/30/23 $991,877
05/31/23 $1,010,433 - YAY! COOKIES!
06/30/23 $1,056,937
07/31/23 $1,097,939 - maxed out Mega Backdoor Roth
I'M SO CLOSE TO $1.1M IT HURTS. Still, another ATH to close the month, I'm happy to see those back in my spreadsheet :)
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| Aug | | $113k | $176,198.00 | $244,461.55 | $363,304.76 | $486,559.27 | $601,161.19 | $923,408.92 | $915,283.13 | $1,106,018.02 |
| Sept | | $116k | $178,840.37 | $247,101.69 | $385,572.12 | $483,967.28 | $653,037.25 | $950,899.02 | $891,457.82 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
Whoa, that shot up quick!
-
Since my original investments also finally put me in this thread, I thought it was time to add historical context.
And also, tables make it easier to compare year over year amounts. It's wild how much I'm up already from my low point of 2022.
401K/IRA/HSA and Stock/Bond Investments only
Solo numbers for historical data
End of 2011 - $119,519
End of 2012 - $182,941
Didn't track for a few years
End of 2018 - $373,648
End of 2019 - $516,500
End of 2020 - $613,300
End of 2021 - $771,504
Table is combined inherited and earned myself. Inherited 401k went from roughly 200K to 700K during the same time period shown above.
| | 2022 | 2023 |
| January | - | $1,682,771 |
| February | - | $1,651,301 |
| March | - | $1,695,258 |
| April | $1,616,393 | $1,709,287 |
| May | $1,620,128 | $1,685,455 |
| June | $1,502,733 | $1,769,299 |
| July | $1,609,981 | $1,833,052 |
| August | $1,553,391 | - |
| September | $1,429,000 | - |
| October | $1,534,000 | - |
| November | $1,637,342 | - |
| December | $1,567,591 | - |
-
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | $965,972 | $1,106,098 |
| August | $34,251 | $95,245 | $220,293 | $353,410 | $466,936 | $686,631 | $998,422 | $912,288 | - |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | - |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | - |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | - |
Finally a new all time high for investments. Feels good, man.
-
Congratulations @Arbitrage! You’ve crossed the finish line by both measures. Yes, it’s possible that the market will pull back but that’s always true. Take the win!
Speak well of us in the next thread.
-
@turketron we are neck and neck in this race buddy!
-
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
12/21 - $1,097,677 $1,494,954
12/22 - $889,747 $1,473,525
01/23 - $928,729 $1,428,662
02/23 - $927,508 $1,428,662
03/23 - $945,677 $1,446.021
04/23 - $955,314 $1,477,097
05/23 - $955,572 $1,477,951
06/23 - $1,000,380 $1,523,364
07/23 - $1,039,245 $1,563,212
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
8/1/23: $2.010M / 2.353M
What a couple of months! Originally passed the mark midday on the 27th, but lost it by market close. Definitely will stick here for a bit to see if I can hold on before officially graduating myself, but #feelsgoodman.
congratulations! Happy 1-2m thread graduation, hope to see you on the other side at some point!
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Mar 01 2023 - 1.115M 1.074M
Apr 01 2023 - 1.130M 1.086M
Jun 01 2023 - 1.132M 1.089M
Jul 02 2023 - 1.187M 1.138M
Aug 01 2023 - 1.231M 1.177M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Thanks primarily to Mr. Market, we're getting closer to the highwater mark, but still $50K to go on the TNW, $85K on the 'stache.
-
(June 2023: 1.353)
July 2023: 1.385
This past month is our highest number yet (even though we hit 1.3 briefly in December 2021). Hopefully it's a steady climb up from here on out.
-
1/31/2023 $1,086,347.19
2/28/2023 $1,462,233.84
3/31/2023 $1,492,865.46
4/30/2023 $1,516,786.80
5/31/2023 $1,543,270.83
6/30/2023 $1,615,750.49
7/31/2023 $1,683,127.11
[+$67,376.62]
Great month!!!
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
8/1/23: $2.010M / 2.353M
What a couple of months! Originally passed the mark midday on the 27th, but lost it by market close. Definitely will stick here for a bit to see if I can hold on before officially graduating myself, but #feelsgoodman.
Congrats Arbitrage!!! What is your goal? My bare bones FIRE number is 3 mil but aiming for 4 mil for extra safety (I live in HCOL area in Western Washington).
-
DEC 31st 2023.
Wife got a job with an investment bank so I had to consolidate a few accounts.
Looking back, when we got a huge chunk of money back from a loan, we should have dump it all in Index funds but I'm too conversative. Decided to go for the guarantee >5% instead.
We are winding down. We could FIRE now but wife wants to put in another 5 yrs and hit $2 millions. She's trying to FAT FIRE I suppose.
Rental 300,000- Paid off. Zillow has this house at $345k
Primary 246,827- Valued this house at $550k(Zillow $565k). Will sell for more.
$550k- minus selling fee and balance owed.
Assets 60,000- 3 paid off cars. Some gold in here.
HSA 48,565
IRA-roth 134,856
IRA 93,630
Inx funds 166,392
401k 29,055
Wife 401k 51998
Wife HSA 9,000
Wifes IRA 114,807
Cash 33,349-
Etrade 26090-
Vanguard- 326,924- We got a big chunk back from our loan this year and I decided to be conversative and put most of these in CDs because of the >5%. For now all CDs and VMFXX earning >5.2%
$1,641,864 - Net Worth.
$1,395,037 - Without primary home.
$1,001,192- INVESTED. We just cross this milestone this month dec 2023.
-
1/31/2023 $1,086,347.19
2/28/2023 $1,462,233.84
3/31/2023 $1,492,865.46
4/30/2023 $1,516,786.80
5/31/2023 $1,543,270.83
6/30/2023 $1,615,750.49
7/31/2023 $1,683,127.11
[+$67,376.62]
Great month!!!
Impressive! Is this mainly stock market movement or did you throw a $hit ton of money towards it?
-
It's been a good year so far. I usually check our Zillow/Redfin house estimate in July, deduct 20%, and adjust net worth accordingly. This year I added $50k.
I like to get the numbers on the 2nd of the month, after the mortgage payment and the last 401(k)/HSA deposits on the last day of the previous month.
Investments Net worth Change vs prior month
01/02/23 $764,347.21 $1,040,407.31 ($41,780.31)
02/02/23 $829,535.16 $1,106,643.90 $66,236.59
03/02/23 $800,894.40 $1,079,795.16 ($26,848.74)
04/02/23 $833,019.35 $1,114,026.91 $34,231.75
05/02/23 $839,709.44 $1,127,101.51 $13,074.60
06/02/23 $864,058.79 $1,147,744.93 $20,643.42
07/02/23 $918,808.21 $1,252,912.34 $105,167.41
08/02/23 $941,287.66 $1,278,142.63 $25,230.29
$237,735.32 (YTD change)
-
1/31/2023 $1,086,347.19
2/28/2023 $1,462,233.84
3/31/2023 $1,492,865.46
4/30/2023 $1,516,786.80
5/31/2023 $1,543,270.83
6/30/2023 $1,615,750.49
7/31/2023 $1,683,127.11
[+$67,376.62]
Great month!!!
Impressive! Is this mainly stock market movement or did you throw a $hit ton of money towards it?
Hi Jupiter! So the big bump you see in February, is because I sold my condo after 12 years and I put all of it in VTSAX. All my stache I am tracking is in index funds, mainly total stock and SP500. Long story short, home ownership is not for me, I enjoy the flexibility of moving anywhere I want without thinking about it and I could have made so much more money by investing in the market instead of real estate, they really got me so grumpy with all the taxes, mortgage interest, maintenance, HOA fees and special assessments. Hope that explains it! :)
-
1/31/2023 $1,086,347.19
2/28/2023 $1,462,233.84
3/31/2023 $1,492,865.46
4/30/2023 $1,516,786.80
5/31/2023 $1,543,270.83
6/30/2023 $1,615,750.49
7/31/2023 $1,683,127.11
[+$67,376.62]
Great month!!!
Impressive! Is this mainly stock market movement or did you throw a $hit ton of money towards it?
Hi Jupiter! So the big bump you see in February, is because I sold my condo after 12 years and I put all of it in VTSAX. All my stache I am tracking is in index funds, mainly total stock and SP500. Long story short, home ownership is not for me, I enjoy the flexibility of moving anywhere I want without thinking about it and I could have made so much more money by investing in the market instead of real estate, they really got me so grumpy with all the taxes, mortgage interest, maintenance, HOA fees and special assessments. Hope that explains it! :)
Yes I totally get selling the condo and being free from those headaches- hooray! That makes more sense and has really helped your numbers. Can't wait to be where you are number-wise.
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
8/1/23: $2.010M / 2.353M
What a couple of months! Originally passed the mark midday on the 27th, but lost it by market close. Definitely will stick here for a bit to see if I can hold on before officially graduating myself, but #feelsgoodman.
Congrats Arbitrage!!! What is your goal? My bare bones FIRE number is 3 mil but aiming for 4 mil for extra safety (I live in HCOL area in Western Washington).
Thanks all. We already dropped to coast-FIRE, now working part-time only and living where we want to…in Western WA. Don’t have a specific number in mind before the final plug pull, but feeling much better about it happening soon than a year ago. We’re past our 4% number, but want a bit more safety margin with potentially large kids’ dental bills and house expenses on the horizon. As long as the part-time work remains not too objectionable, we’re ok with living well and watching the stash increase.
-
We hit the $1M club last month and I just rediscovered this forum. I'm not sure if we'll make it to $2M before we decide to hang up work.
We have $1,050,000 in invested assets as of today. Fingers crossed the marked doesn't take a dip and we drop back down to the race from $500k-$1M,
-
| | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | $- | $292,190 | $304,411 | $437,806 | $581,831 | $615,789 | $767,806 | $941,921 | $1,151,437 | $1,113,597 | - |
| February | $- | $332,002 | $331,197 | $162,424 | $585,663 | $662,207 | $735,649 | $961,753 | $1,139,532 | $1,106,684 | - |
| March | $- | $332,209 | $331,749 | $481,340 | $583,773 | $683,014 | $683,851 | $992,700 | $1,192,207 | $1,111,276 | - |
| April | $- | $336,743 | $260,548 | $483,994 | $582,862 | $719,849 | $734,510 | $1,031,674 | $1,118,869 | $1,151,995 | - |
| May | $256,131 | $338,884 | $373,153 | $483,982 | $585,929 | $701,938 | $760,661 | $1,040,313 | $1,168,159 | $1,151,995 | - |
| June | $258,642 | $321,529 | $377,807 | $490,951 | $590,577 | $731,170 | $777,705 | $1,059,685 | $1,052,751 | $1,193,527 | - |
| July | $276,381 | $320,767 | $414,764 | $503,706 | $601,024 | $721,753 | $819,352 | $1,080,029 | $1,118,581 | $1,213,501 | - |
| August | $296,700 | $313,896 | $405,676 | $513,111 | $606,442 | $686,503 | $860,605 | $1,140,206 | $1,081,266 | - | - |
| September | $290,244 | $301,079 | $422,204 | $525,158 | $610,690 | $698,968 | $868,597 | $1,106,086 | $1,015,876 | - | - |
| October | $274,986 | $308,291 | $413,967 | $533,760 | $585,817 | $577,615 | $868,808 | $1,182,536 | $1,065,912 | - | - |
| November | $282,762 | $308,558 | $419,572 | $549,074 | $595,773 | $620,036 | $910,235 | $1,155,707 | $1,110,997 | - | - |
| December | $292,942 | $312,281 | $431,458 | $557,941 | $575,877 | $760,501 | $940,128 | $1,195,334 | $1,077,252 | - | - |
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
August 2023 = $1,210
September 2023 = $1,200
-
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | $965,972 | $1,106,098 |
| August | $34,251 | $95,245 | $220,293 | $353,410 | $466,936 | $686,631 | $998,422 | $912,288 | $1,086,297 |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | - |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | - |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | - |
Investments are down about $20K despite investing an extra $4.5K. Nothing I contribute is really going to move the needle much, I'm just riding the market waves.
-
Investments only; Household combined.
| | 2019 ($) | 2020 ($) | 2021 ($) | 2022 ($) | 2023 ($) |
| January | - | 496,255 | 674,413 | 898,547 | 902,687 |
| February | - | 472,573 | 700,728 | 880,646 | 903,228 |
| March | - | 444,067 | 732,652 | 901,213 | 928,990 |
| April | - | 495,051 | 762,029 | 848.393 | 982,455 |
| May | - | 524,063 | 759,955 | 843,438 | 990,932 |
| June | - | 524,530 | 796,116 | 789,251 | 1,032,315 |
| July | 330,406 | 552,296 | 826,664 | 856,647 | 1,070,543 |
| August | 437,870 | 632,115 | 866,404 | 848,320 | 1,080,553 |
| September | 443,081 | 617,959 | 827,075 | 813,668 | - |
| October | 452,295 | 604,646 | 873,651 | 865,508 | - |
| November | 483,711 | 664,577 | 898,767 | 905,357 | - |
| December | 484,963 | 674,843 | 925,511 | 860,954 | - |
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| Aug | | $113k | $176,198.00 | $244,461.55 | $363,304.76 | $486,559.27 | $601,161.19 | $923,408.92 | $915,283.13 | $1,106,018.02 |
| Sept | | $116k | $178,840.37 | $247,101.69 | $385,572.12 | $483,967.28 | $653,037.25 | $950,899.02 | $891,457.82 | $1,086,863.98 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
8/1/23: $2.010M / 2.363M
9/1/23: $1.971M / 2.312M
Markets ruining my fun.
-
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | $1,057,189 |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | -- |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | -- |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | -- |
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,604,500
09/01/2023 - $1,582,200
-
401K/IRA/HSA and Stock/Bond Investments only
Solo numbers for historical data
End of 2011 - $119,519
End of 2012 - $182,941
Didn't track for a few years
End of 2018 - $373,648
End of 2019 - $516,500
End of 2020 - $613,300
End of 2021 - $771,504
Table is combined inherited and earned myself
| | 2022 | 2023 |
| January | - | $1,682,771 |
| February | - | $1,651,301 |
| March | - | $1,695,258 |
| April | $1,616,393 | $1,709,287 |
| May | $1,620,128 | $1,685,455 |
| June | $1,502,733 | $1,769,299 |
| July | $1,609,981 | $1,833,052 |
| August | $1,553,391 | $1,801,133 |
| September | $1,429,000 | - |
| October | $1,534,000 | - |
| November | $1,637,342 | - |
| December | $1,567,591 | - |
-
| | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | $- | $292,190 | $304,411 | $437,806 | $581,831 | $615,789 | $767,806 | $941,921 | $1,151,437 | $1,113,597 | - |
| February | $- | $332,002 | $331,197 | $162,424 | $585,663 | $662,207 | $735,649 | $961,753 | $1,139,532 | $1,106,684 | - |
| March | $- | $332,209 | $331,749 | $481,340 | $583,773 | $683,014 | $683,851 | $992,700 | $1,192,207 | $1,111,276 | - |
| April | $- | $336,743 | $260,548 | $483,994 | $582,862 | $719,849 | $734,510 | $1,031,674 | $1,118,869 | $1,151,995 | - |
| May | $256,131 | $338,884 | $373,153 | $483,982 | $585,929 | $701,938 | $760,661 | $1,040,313 | $1,168,159 | $1,151,995 | - |
| June | $258,642 | $321,529 | $377,807 | $490,951 | $590,577 | $731,170 | $777,705 | $1,059,685 | $1,052,751 | $1,193,527 | - |
| July | $276,381 | $320,767 | $414,764 | $503,706 | $601,024 | $721,753 | $819,352 | $1,080,029 | $1,118,581 | $1,213,501 | - |
| August | $296,700 | $313,896 | $405,676 | $513,111 | $606,442 | $686,503 | $860,605 | $1,140,206 | $1,081,266 | $1,205,134 | - |
| September | $290,244 | $301,079 | $422,204 | $525,158 | $610,690 | $698,968 | $868,597 | $1,106,086 | $1,015,876 | - | - |
| October | $274,986 | $308,291 | $413,967 | $533,760 | $585,817 | $577,615 | $868,808 | $1,182,536 | $1,065,912 | - | - |
| November | $282,762 | $308,558 | $419,572 | $549,074 | $595,773 | $620,036 | $910,235 | $1,155,707 | $1,110,997 | - | - |
| December | $292,942 | $312,281 | $431,458 | $557,941 | $575,877 | $760,501 | $940,128 | $1,195,334 | $1,077,252 | - | - |
The steady plodding continues. It's good in that it does not require a lot of mental energy, but it's bad in that I feel like I've been treading water again. As things get volatile in my work situation again the nervousness of will I ever cross the line is very palpable. Perhaps it's because I really am on the tipping point where the E vanishes from FIRE. I'm not overly concerned about not being able to retire, at this point that would require a major economic catastrophe that just vaporized everything. But between insurance rules allowing dependents to stay on my plan until 26 and housing increases in our desired target area I'm already at the end of this decade before I can probably pull the trigger. Move the goal post about 3-5 years and I'm not longer retiring early at all. Earlier this year it really felt like 2025 or 26 might be possible but the insurance situation (which I've been getting feedback on in other threads here) is the biggest barrier there with the housing looming a close second, however I hold out hope that 2-3 years from know things may have settled down there a bit and perhaps it would become affordable again. It has been interesting how my mental walls keeping "panic" away have started to erode and I think it's that realization that I do not have a lot of room for error any more with my age getting up there, so each decision seems more fraught with peril. It's not like me, I don't like it, but I'm trying to learn from it and most importantly making sure it does not devolve to the point where I actually execute a terrible financial decision (sell all stocks and stuff cash in a mattress).
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,604,500
09/01/2023 - $1,582,200
Congratulations on FIRE.
Won't be long even with FIRE that you'll be in the 2M to 4M camp. The momentum is in place.
-
Congratulations on FIRE.
Won't be long even with FIRE that you'll be in the 2M to 4M camp. The momentum is in place.
Thank you! We'll be around the block from you (FL house) after Thanksgiving, if you're in the area and wanted to meet up for a bike ride or a coffee get in touch via PM :)
-
Congratulations on FIRE.
Won't be long even with FIRE that you'll be in the 2M to 4M camp. The momentum is in place.
Thank you! We'll be around the block from you (FL house) after Thanksgiving, if you're in the area and wanted to meet up for a bike ride or a coffee get in touch via PM :)
Sounds awesome.
-
The steady plodding continues. It's good in that it does not require a lot of mental energy, but it's bad in that I feel like I've been treading water again. As things get volatile in my work situation again the nervousness of will I ever cross the line is very palpable. Perhaps it's because I really am on the tipping point where the E vanishes from FIRE. I'm not overly concerned about not being able to retire, at this point that would require a major economic catastrophe that just vaporized everything. But between insurance rules allowing dependents to stay on my plan until 26 and housing increases in our desired target area I'm already at the end of this decade before I can probably pull the trigger. Move the goal post about 3-5 years and I'm not longer retiring early at all. Earlier this year it really felt like 2025 or 26 might be possible but the insurance situation (which I've been getting feedback on in other threads here) is the biggest barrier there with the housing looming a close second, however I hold out hope that 2-3 years from know things may have settled down there a bit and perhaps it would become affordable again. It has been interesting how my mental walls keeping "panic" away have started to erode and I think it's that realization that I do not have a lot of room for error any more with my age getting up there, so each decision seems more fraught with peril. It's not like me, I don't like it, but I'm trying to learn from it and most importantly making sure it does not devolve to the point where I actually execute a terrible financial decision (sell all stocks and stuff cash in a mattress).
Hang in there, caracarn. I'm definitely feeling the same things. One thing I have realized is that having an older dependent (aka grown ass young man) on my health insurance does NOT mean that I am on the hook to pay his co-pays and other fees. He has very small income and no money, he tells the hospital in writing he has no money, the hospital sorts it independent of me when he ends up in the ER or has a surgery.
-
Investments only; Household combined.
| | 2019 ($) | 2020 ($) | 2021 ($) | 2022 ($) | 2023 ($) |
| January | - | 496,255 | 674,413 | 898,547 | 902,687 |
| February | - | 472,573 | 700,728 | 880,646 | 903,228 |
| March | - | 444,067 | 732,652 | 901,213 | 928,990 |
| April | - | 495,051 | 762,029 | 848.393 | 982,455 |
| May | - | 524,063 | 759,955 | 843,438 | 990,932 |
| June | - | 524,530 | 796,116 | 789,251 | 1,032,315 |
| July | 330,406 | 552,296 | 826,664 | 856,647 | 1,070,543 |
| August | 437,870 | 632,115 | 866,404 | 848,320 | 1,080,553 |
| September | 443,081 | 617,959 | 827,075 | 813,668 | 1,033,191 |
| October | 452,295 | 604,646 | 873,651 | 865,508 | - |
| November | 483,711 | 664,577 | 898,767 | 905,357 | - |
| December | 484,963 | 674,843 | 925,511 | 860,954 | - |
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
August 2023 = $1,210
September 2023 = $1,200
October 2023 = $1,179
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,604,500
09/01/2023 - $1,582,200
10/01/2023 - $1,538,400
Not too shabby, all things considered.
-
End of Q3 2023 update
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)
12/29/22 $1.48M $1.26M (big house repairs and construction happening; invested ~$95K this year not including pension contributions)
3/31/23 $1.50M $1.33M (big house repairs/construction)
6/30/23 $1.53M $1.40M (just finished house work)
9/30/23 $1.53M $1.39M
-
Been tracking somewhat sideways for 1.75 years now-------> Head down and still putting ~$6k into investments per month + more service time (20.5 years now) into a state pension.
LNW
2015- $482k
2016- $627k
2017- $811k
2018- $813k
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
Apr 1, 2023- $1.55M
July 1, 2023- $1.67M
Oct 1, 2023- $1.63M
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| Aug | | $113k | $176,198.00 | $244,461.55 | $363,304.76 | $486,559.27 | $601,161.19 | $923,408.92 | $915,283.13 | $1,106,018.02 |
| Sept | | $116k | $178,840.37 | $247,101.69 | $385,572.12 | $483,967.28 | $653,037.25 | $950,899.02 | $891,457.82 | $1,086,863.98 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 | $1,043,259.18 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
Down a bit, but not too bad!
-
I left grad school in August 2011 and my wife and i had a combined net worth of zero.
2011: $0
2012: $40K
2013: $100K
2014: $192K
2015: $312K
2016: $400K
2017: $486K
2018: $564K
2019: $672K
2020: $785K
2021: $1033K
2022: $1303K
2023: $1423K
Mint says 1623K, but I am deducting 7% for transaction costs if I sold all the rental property.
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
7/1/2023 - 1.48m
10/1/2023 - 1.40m
At the whims of the market... (a bunch of new house expenses didn't help either)
-
401K/IRA/HSA and Stock/Bond Investments only
Solo numbers for historical data
End of 2011 - $119,519
End of 2012 - $182,941
Didn't track for a few years
End of 2018 - $373,648
End of 2019 - $516,500
End of 2020 - $613,300
End of 2021 - $771,504
Table is combined inherited and earned myself
| | 2022 | 2023 |
| January | - | $1,682,771 |
| February | - | $1,651,301 |
| March | - | $1,695,258 |
| April | $1,616,393 | $1,709,287 |
| May | $1,620,128 | $1,685,455 |
| June | $1,502,733 | $1,769,299 |
| July | $1,609,981 | $1,833,052 |
| August | $1,553,391 | $1,801,133 |
| September | $1,429,000 | $1,726,665 |
| October | $1,534,000 | - |
| November | $1,637,342 | - |
| December | $1,567,591 | - |
Up from this month last year, but even further off this year's highs.
-
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | $1,057,189 |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | $1,011,786 |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | -- |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | -- |
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
8/1/23: $2.010M / 2.363M
9/1/23: $1.971M / 2.312M
10/1/23: $1.908M / 2.258M
Crappy crappiness.
-
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | $965,972 | $1,106,098 |
| August | $34,251 | $95,245 | $220,293 | $353,410 | $466,936 | $686,631 | $998,422 | $912,288 | $1,086,297 |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | $1,039,276 |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | - |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | - |
Pretty much where I was two years ago numbers wise. Not the most fun...
-
Moving in the wrong direction this quarter… Had some large expenses associated with moving and trying to sell a house. We are under contract for the 2nd time so if it goes through we should see a ~70k bump to the networth listed. 1st buyer backed out because of inspection, but I believe the real reason is they couldn't sell their existing house and were staring down a large monthly payment and got scared. Other than that life is peachy!
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
03/31/22 $1,079,907 $1,261,231
06/30/22 $951,010 $1,133,332
09/30/22 $932,215 $1,116,375
12/31/22 $1,037,594 $1,264,764
03/31/23 $1,169,701 $1,363,914
06/30/23 $1,259,219 $1,465,265
09/30/23 $1,253,710 $1,439,186
-
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | $1,057,189 |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | $1,011,786 |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | -- |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | -- |
Your double commas are holding at least! Here's hoping for a market turnaround for the last quarter.
-
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
EQ3 2022 - 1.37M / 1.63M
EOY 2022 - 1.46M / 1.72M
EQ1 2023 - 1.55M / 1.81M
EQ2 2023 - 1.64M / 1.91M
EQ3 2023 - 1.61M / 1.88M
Treading water past couple of years it seems. I'm not liking this economic horizon. Survived a round of layoffs last month.
-
LNW / TNW
EOY 2020 - 1.52M / 2.19M
EOY 2021 - 1.77M / 2.58M
EQ1 2022 - 1.93M / 2.83M <-- the top was in
EOY 2022 - 1.71M / 2.51M
EQ2 2023 - 1.92M / 2.76M
EQ3 2023 - 1.91M / 2.75M
Like many others, we've been treading water. The above doesn't look too bad, but it's a bit demoralizing considering:
- we're maxing out our current plan contributions
- we're getting a 5% employer contribution on top of that
- I'm plowing ~70% of my take home pay into savings
Deep breaths.
-
I feel like I'm starting a new journey, and it's so exciting. This month also marked a new ATH for me. Hopefully Baby Million is here to stay this time, but hey, who knows?
Invested assets, long term savings and debts:
12/31/14 $51,962
12/31/15 $92,762
12/31/16 $163,900
12/31/17 $251,415
12/31/18 $330,093 - new job, nice retention bonus from previous job
12/31/19 $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20 $714,958
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
12/31/22 $855,784
---
01/31/23 $930,327
02/28/23 $939,370
03/31/23 $977,364 - maxed out 401(k), started Mega Backdoor Roth
04/30/23 $991,877
05/31/23 $1,010,433 - YAY! COOKIES!
06/30/23 $1,056,937
07/31/23 $1,097,939
08/31/23 $1,082,361
09/30/23 $1,048,207
Meh. At least Baby Million has been holding up so far!
-
I haven't opened this thread in a while because it's been so demoralizing..... We are also treading water right around 1.5. Feels like 2 years we have been right around that despite continuing to put money in. To be fair we aren't trying to save large amounts above and beyond "standard" retirement contributions and we spend plenty at this point, but still! And I'm afraid it will be worse next year.
Long story short it's nice to see it's not just me.
-
Suggestion to all who feel "demoralized". Start paying attention to the number of shares you own and not the total $. Think of this as a springboard, because it actually is. When the markets get bouncy again, you're going to have a lot more spring. That's how it works. You're buying at a discount right now. Enjoy it.
-
I haven't opened this thread in a while because it's been so demoralizing..... We are also treading water right around 1.5. Feels like 2 years we have been right around that despite continuing to put money in. To be fair we aren't trying to save large amounts above and beyond "standard" retirement contributions and we spend plenty at this point, but still! And I'm afraid it will be worse next year.
Long story short it's nice to see it's not just me.
Same we've been at 1.3m for like 2 years so I haven't felt like posting here. Thanks for the perspective @Dicey
-
Back down to one comma :-/
-
Suggestion to all who feel "demoralized". Start paying attention to the number of shares you own and not the total $. Think of this as a springboard, because it actually is. When the markets get bouncy again, you're going to have a lot more spring. That's how it works. You're buying at a discount right now. Enjoy it.
Thanks. That's a great way to look at it and I appreciate the perspective. Advice like that is why I spend so much time here. :-) I've spent way too much time thinking about our numbers lately, so I'm refocusing my energy on the things that I love to do. It's been beautiful week here, so I took a PTO day on Monday and went for a 22 mile mountain bike ride on my favorite trails. Today a family member and myself took our dogs hiking. Later on, I took the long way home while running errands in my Miata with the top down. I wrapped up my time outside by clearing the scrub oak and other junk from a part of our property that's been bugging me for years. To cap it all off, my dog and I are heading over to my Dad's place for a family dinner.
Despite the lack of progress in our investments, life is still pretty damn good.
-
Suggestion to all who feel "demoralized". Start paying attention to the number of shares you own and not the total $. Think of this as a springboard, because it actually is. When the markets get bouncy again, you're going to have a lot more spring. That's how it works. You're buying at a discount right now. Enjoy it.
Thanks. That's a great way to look at it and I appreciate the perspective. Advice like that is why I spend so much time here. :-) I've spent way too much time thinking about our numbers lately, so I'm refocusing my energy on the things that I love to do. It's been beautiful week here, so I took a PTO day on Monday and went for a 22 mile mountain bike ride on my favorite trails. Today a family member and myself took our dogs hiking. Later on, I took the long way home while running errands in my Miata with the top down. I wrapped up my time outside by clearing the scrub oak and other junk from a part of our property that's been bugging me for years. To cap it all off, my dog and I are heading over to my Dad's place for a family dinner.
Despite the lack of progress in our investments, life is still pretty damn good.
It doesn't feel great in the moment, but this is what keeps me contributing month-over-month. Staying stagnant, watching how much I own of these shares going up while my net worth stays pretty stagnant. Its rough, but also a reminder that, in every moment in human history since the stock market began, if we keep going we'll reap the reward. Even if next year is bad, it's unlikely that the next 10 years are bad, and so on. And when it comes raging back, we'll be in a very strong position.
Still, sucks to watch that number stay flat or drop month-over-month.
-
I know this is an MPP, but if you want to get into a contest, what really sucks is no longer contributing to retirement savings because you're...retired. DH and I see this market as a huge buying opportunity...except we're FIRE and no longer contributing to retirement accounts. Except for Roths, of course, but that's small potatoes.
As in all things, it's matter of perspective.
I remember reviewing my parent's finances with my Mom, who wielded the checkbook with an iron fist. They had a federal pension with great health insurance, both drew SS, and their home and car were paid for. When I realized how much they had coming in, I said, "Mom, do you realize you have children who work full time to make the same amount of income?" Her immediate response was, "Yes, but they can always earn more money; we can't." Classic scarcity mindset.
-
Dicey is right. Don't be dismayed with your accounts rather dormant. 2021 was a stellar year. 2022 and 2023 have been mostly sideways. If you've been working and buying al.ong the way your rewards are yet to come.
I'm pretty much at the same level as January 2022. It's around 3.2M so if I cry about it I don't expect sympathy.
Keep investing.
-
Suggestion to all who feel "demoralized". Start paying attention to the number of shares you own and not the total $. Think of this as a springboard, because it actually is. When the markets get bouncy again, you're going to have a lot more spring. That's how it works. You're buying at a discount right now. Enjoy it.
I had done a shares comparison about this time last year for that very reason. Revisited that this month and the difference in percentage between the shares increased vs the dollar amount increased is pretty staggering.
Current employer 401k switched providers in 2020, so I'm comparing between my Year End 2020 numbers and now. Shares owned for the index funds are up between 43% and 69% in that time, Those are the outliers - it's between 55-65% for the bulk of them, average of 57%.
Total 401k value when the amounts contributed have been removed is up less than 10% total over nearly 3 years. Leaving the contributions in, it's up 52%
-
Suggestion to all who feel "demoralized". Start paying attention to the number of shares you own and not the total $. Think of this as a springboard, because it actually is. When the markets get bouncy again, you're going to have a lot more spring. That's how it works. You're buying at a discount right now. Enjoy it.
I had done a shares comparison about this time last year for that very reason. Revisited that this month and the difference in percentage between the shares increased vs the dollar amount increased is pretty staggering.
Current employer 401k switched providers in 2020, so I'm comparing between my Year End 2020 numbers and now. Shares owned for the index funds are up between 43% and 69% in that time, Those are the outliers - it's between 55-65% for the bulk of them, average of 57%.
Total 401k value when the amounts contributed have been removed is up less than 10% total over nearly 3 years. Leaving the contributions in, it's up 52%
Excellent demonstration of advanced mustachian thinking. Steady on, Turtle!
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
August 2023 = $1,210
September 2023 = $1,200
October 2023 = $1,179
November 2023 = $1,165
-
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | $965,972 | $1,106,098 |
| August | $34,251 | $95,245 | $220,293 | $353,410 | $466,936 | $686,631 | $998,422 | $912,288 | $1,086,297 |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | $1,039,276 |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | $1,006,297 |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | - |
Third down month in a row and we are barely hanging on to our second comma. We have put >$100K in the market over the last two years so at least own more shares now!
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,604,500
09/01/2023 - $1,582,200
10/01/2023 - $1,538,400
11/01/2023 - $1,513,300
-
01/01/2022 - $1,025,500
...
06/01/2023 - $1,505,300 - Officially FIRE'd
...
11/01/2023 - $1,509,000
Congrats on being officially FIRE'd. A 50% increase over the last couple of years is impressive. Nicely done.
-
01/01/2022 - $1,025,500
...
06/01/2023 - $1,505,300 - Officially FIRE'd
...
11/01/2023 - $1,509,000
Congrats on being officially FIRE'd. A 50% increase over the last couple of years is impressive. Nicely done.
Thanks, 2022 was highest yr of income for us. Pulled the plug ASAP. 0 Regrets.
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| Aug | | $113k | $176,198.00 | $244,461.55 | $363,304.76 | $486,559.27 | $601,161.19 | $923,408.92 | $915,283.13 | $1,106,018.02 |
| Sept | | $116k | $178,840.37 | $247,101.69 | $385,572.12 | $483,967.28 | $653,037.25 | $950,899.02 | $891,457.82 | $1,086,863.98 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 | $1,043,259.18 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 | $1,022,278.77 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 |
Not a great month but still hanging on to that second comma, for now...
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
8/1/23: $2.010M / 2.363M
9/1/23: $1.971M / 2.312M
10/1/23: $1.908M / 2.258M
11/1/23: $1.854M / 2.202M
2 years of this crap. I know well enough it it could go on for much longer. The "more shares" argument doesn't resonate too much with me, since this 2 year period has coincided with my shift to coast-FIRE and far lower investment rate.
Still, one silver lining for me is that interest rates are at a much healthier level than 2 years ago, so fixed income is attractive. The other silver lining is that my coast-FIRE life is awesome.
-
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | $1,057,189 |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | $1,011,786 |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | $971,634
|
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | -- |
-
Investments only; Household combined.
| | 2019 ($) | 2020 ($) | 2021 ($) | 2022 ($) | 2023 ($) |
| January | - | 496,255 | 674,413 | 898,547 | 902,687 |
| February | - | 472,573 | 700,728 | 880,646 | 903,228 |
| March | - | 444,067 | 732,652 | 901,213 | 928,990 |
| April | - | 495,051 | 762,029 | 848.393 | 982,455 |
| May | - | 524,063 | 759,955 | 843,438 | 990,932 |
| June | - | 524,530 | 796,116 | 789,251 | 1,032,315 |
| July | 330,406 | 552,296 | 826,664 | 856,647 | 1,070,543 |
| August | 437,870 | 632,115 | 866,404 | 848,320 | 1,080,553 |
| September | 443,081 | 617,959 | 827,075 | 813,668 | 1,033,191 |
| October | 452,295 | 604,646 | 873,651 | 865,508 | 1,045,192 |
| November | 483,711 | 664,577 | 898,767 | 905,357 | - |
| December | 484,963 | 674,843 | 925,511 | 860,954 | - |
-
I declared myself "graduated" from the $500k to $1M thread in September, only to slip backwards the last couple months! It feels overly dramatic to go back and hit $1M again in that thread, so hi everyone!
*busts through the wall like Kool-aid man*
| Month | 2023 | 2024 | 2025 |
| January | - | - | - |
| February | - | - | - |
| March | - | - | - | - |
| April | - | - | - |
| May | - | - | - |
| June | - | - | - |
| July | - | - | - |
| August | - | - | - |
| September | $1,000,003 | - | - |
| October | $990,000 | - | - |
| November | $975,000 | - | - |
| December | - | - | - |
-
I declared myself "graduated" from the $500k to $1M thread in September, only to slip backwards the last couple months! It feels overly dramatic to go back and hit $1M again in that thread, so hi everyone!
*busts through the wall like Kool-aid man*
No worries. Many of us go back and forth over that $1M line a few times on our journey to FIRE. Welcome and congratulations on leveling up!
-
2 years of this crap. I know well enough it it could go on for much longer. The "more shares" argument doesn't resonate too much with me, since this 2 year period has coincided with my shift to coast-FIRE and far lower investment rate.
Still, one silver lining for me is that interest rates are at a much healthier level than 2 years ago, so fixed income is attractive. The other silver lining is that my coast-FIRE life is awesome.
Haha, we're in the same boat. Worse, we paid cash for a condo for our kid* in April of 2022, then spent $25k getting it not to be a shithole. His job was about to become permanent (after six years as non-permanent, but mostly FT, with the same employer), so the plan was for him to get as large a mortgage as he could qualify for. First thing we did was gut the place. Rates rose before we could complete the project, so we've done...nothing about getting the mortgage and at least some of our investable cash back. Sigh. Happily, it's an MPP, but damn, we still feel like we're missing opportunities now that DH has retired and there's no income to invest.
*Kid is not neurotypical. A steady job and a place he can walk/bike/e-scoot to work from give us a lot of peace of mind. Now that those boxes are checked, we are free to move about the country, and the world. Whew.
Sorry for the semi-hijack. Congrats to all for keeping the faith. It might take a while, but the bounce will be bigger when it happens. And it will, eventually. Stay strong.
-
I have been dutifully reporting on this thread as my numbers bounced around in the same range the last couple of years. It looks like I am not doing a goddam thing but that's not true! We are still contributing to the tax advantaged accounts, building a stronger cash position, and paying on the mortgage (not paying early, it sunsets in 2030). And cash flowing daughter's college. So that is something. Plus, when the markets finally break out, I am hoping to see some results!
-
Our net worth finally broke 1.9 - a new high. After last year’s lackluster performance, it’s nice to see some solid progress.
-
Hopefully the Santa Claus rally kicks some of you to the next thread up. Once you've reached 2 million in investments, you've won the game. Just continue playing it smart. You'll be amazed how little bothers you outside of the health and safety of those you love going forward.
-
Due for an update, I don't check my numbers all that often these days. Back to a new all time high which is fun. As others have noted, the market no longer providing a tailwind makes the progress feel so much slower than we've all grown accustomed. This can happen though - after the decline started in '07 there wasn't another market all time high again for like 6 years. My FIRE goal is a LNW in the $2.5-3M range so still a ways to go. Happy staching!
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
Aug 22: 1,011
Oct 22: 991
Nov 22: 1,026
Dec 22: 1,031
Jan 23: 1,024
May 23: 1,131 (TNW - includes EOY bonus paid in early '23); 745 (LNW)
Jul 23: 1,235 (TNW); 833 (LNW)
Aug 23: 1,196
Sep 23: 1,210
Oct 23: 1,206
Nov 23: 1,255 (TNW); 877 (LNW)
-
| | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | $- | $292,190 | $304,411 | $437,806 | $581,831 | $615,789 | $767,806 | $941,921 | $1,151,437 | $1,113,597 | - |
| February | $- | $332,002 | $331,197 | $162,424 | $585,663 | $662,207 | $735,649 | $961,753 | $1,139,532 | $1,106,684 | - |
| March | $- | $332,209 | $331,749 | $481,340 | $583,773 | $683,014 | $683,851 | $992,700 | $1,192,207 | $1,111,276 | - |
| April | $- | $336,743 | $260,548 | $483,994 | $582,862 | $719,849 | $734,510 | $1,031,674 | $1,118,869 | $1,151,995 | - |
| May | $256,131 | $338,884 | $373,153 | $483,982 | $585,929 | $701,938 | $760,661 | $1,040,313 | $1,168,159 | $1,151,995 | - |
| June | $258,642 | $321,529 | $377,807 | $490,951 | $590,577 | $731,170 | $777,705 | $1,059,685 | $1,052,751 | $1,193,527 | - |
| July | $276,381 | $320,767 | $414,764 | $503,706 | $601,024 | $721,753 | $819,352 | $1,080,029 | $1,118,581 | $1,213,501 | - |
| August | $296,700 | $313,896 | $405,676 | $513,111 | $606,442 | $686,503 | $860,605 | $1,140,206 | $1,081,266 | $1,205,134 | - |
| September | $290,244 | $301,079 | $422,204 | $525,158 | $610,690 | $698,968 | $868,597 | $1,106,086 | $1,015,876 | $1,179,956 | - |
| October | $274,986 | $308,291 | $413,967 | $533,760 | $585,817 | $577,615 | $868,808 | $1,182,536 | $1,065,912 | $1,165,476 | - |
| November | $282,762 | $308,558 | $419,572 | $549,074 | $595,773 | $620,036 | $910,235 | $1,155,707 | $1,110,997 | - | - |
| December | $292,942 | $312,281 | $431,458 | $557,941 | $575,877 | $760,501 | $940,128 | $1,195,334 | $1,077,252 | - | - |
-
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438
06/14/23 Cash & Investments: $1,200,739
07/28/23 Cash & Investments: $1,253,933
11/15/23 Cash & Investments: $1,260,711
Finally broke through my previous ceiling after the recent runup (although not by much, but I'll take it). 1.3M is getting closer.
-
401K/IRA/HSA and Stock/Bond Investments only
Solo numbers for historical data
End of 2011 - $119,519
End of 2012 - $182,941
Didn't track for a few years
End of 2018 - $373,648
End of 2019 - $516,500
End of 2020 - $613,300
End of 2021 - $771,504
Table is combined inherited and earned myself
| | 2022 | 2023 |
| January | - | $1,682,771 |
| February | - | $1,651,301 |
| March | - | $1,695,258 |
| April | $1,616,393 | $1,709,287 |
| May | $1,620,128 | $1,685,455 |
| June | $1,502,733 | $1,769,299 |
| July | $1,609,981 | $1,833,052 |
| August | $1,553,391 | $1,801,133 |
| September | $1,429,000 | $1,726,665 |
| October | $1,534,000 | $1,680,000* |
| November | $1,637,342 | - |
| December | $1,567,591 | - |
Month end for October is partially estimated. I could retroactively get exact amounts easily for some accounts but not others.
Half month check in amount was $1,792,356 as of close of markets on the 15th. All time high was still back in July, but hoping for a strong end to the year.
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
August 2023 = $1,210
September 2023 = $1,200
October 2023 = $1,179
November 2023 = $1,165
December 2023 = $1,231
-
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | $965,972 | $1,106,098 |
| August | $34,251 | $95,245 | $220,293 | $353,410 | $466,936 | $686,631 | $998,422 | $912,288 | $1,086,297 |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | $1,039,276 |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | $1,006,297 |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | $1,105,904 |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | - |
Just riding the waves :)
(https://static.wixstatic.com/media/27aab9_1b7cf8654fa34b0ebde04d2dc724ac5a~mv2.gif)
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,604,500
09/01/2023 - $1,582,200
10/01/2023 - $1,538,400
11/01/2023 - $1,513,300
12/01/2023 - $1,588,700
An interesting six months since quitting work.
-
Afuera, the animation would be better put with the water at a 45 degree slope.
You’ve gone uphill so far in this short amount of time. Well done.
-
Afuera, the animation would be better put with the water at a 45 degree slope.
You’ve gone uphill so far in this short amount of time. Well done.
Thats true! Maybe a rollercoaster gif would be more fitting :)
-
Investments only; Household combined.
| | 2019 ($) | 2020 ($) | 2021 ($) | 2022 ($) | 2023 ($) |
| January | - | 496,255 | 674,413 | 898,547 | 902,687 |
| February | - | 472,573 | 700,728 | 880,646 | 903,228 |
| March | - | 444,067 | 732,652 | 901,213 | 928,990 |
| April | - | 495,051 | 762,029 | 848.393 | 982,455 |
| May | - | 524,063 | 759,955 | 843,438 | 990,932 |
| June | - | 524,530 | 796,116 | 789,251 | 1,032,315 |
| July | 330,406 | 552,296 | 826,664 | 856,647 | 1,070,543 |
| August | 437,870 | 632,115 | 866,404 | 848,320 | 1,080,553 |
| September | 443,081 | 617,959 | 827,075 | 813,668 | 1,033,191 |
| October | 452,295 | 604,646 | 873,651 | 865,508 | 1,045,192 |
| November | 483,711 | 664,577 | 898,767 | 905,357 | 1,118,401 |
| December | 484,963 | 674,843 | 925,511 | 860,954 | - |
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| Aug | | $113k | $176,198.00 | $244,461.55 | $363,304.76 | $486,559.27 | $601,161.19 | $923,408.92 | $915,283.13 | $1,106,018.02 |
| Sept | | $116k | $178,840.37 | $247,101.69 | $385,572.12 | $483,967.28 | $653,037.25 | $950,899.02 | $891,457.82 | $1,086,863.98 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 | $1,043,259.18 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 | $1,022,278.77 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 | $1,112,472.28 |
Much better this month!
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
8/1/23: $2.010M / 2.363M
9/1/23: $1.971M / 2.312M
10/1/23: $1.908M / 2.258M
11/1/23: $1.854M / 2.202M
12/1/23: $1.992M / 2.326M
Almost back to my personal ATH in liquid funds, though supposedly our house value dropped. Nevertheless, a rather nice change.
-
401K/IRA/HSA and Stock/Bond Investments only
Solo numbers for historical data
End of 2011 - $119,519
End of 2012 - $182,941
Didn't track for a few years
End of 2018 - $373,648
End of 2019 - $516,500
End of 2020 - $613,300
End of 2021 - $771,504
Table is combined inherited and earned myself
| | 2022 | 2023 |
| January | - | $1,682,771 |
| February | - | $1,651,301 |
| March | - | $1,695,258 |
| April | $1,616,393 | $1,709,287 |
| May | $1,620,128 | $1,685,455 |
| June | $1,502,733 | $1,769,299 |
| July | $1,609,981 | $1,833,052 |
| August | $1,553,391 | $1,801,133 |
| September | $1,429,000 | $1,726,665 |
| October | $1,534,000 | $1,680,000* |
| November | $1,637,342 | $1,818,188 |
| December | $1,567,591 | - |
-
Glad to be above the $1M mark again!
| Month | 2023 | 2024 | 2025 |
| January | - | - | - |
| February | - | - | - |
| March | - | - | - | - |
| April | - | - | - |
| May | - | - | - |
| June | - | - | - |
| July | - | - | - |
| August | - | - | - |
| September | $1,000,003 | - | - |
| October | $990,000 | - | - |
| November | $975,000 | - | - |
| December | $1,034,700 | - | - |
-
Invested assets, long term savings and debts:
12/31/14 $51,962
12/31/15 $92,762
12/31/16 $163,900
12/31/17 $251,415
12/31/18 $330,093 - new job, nice retention bonus from previous job
12/31/19 $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20 $714,958
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
12/31/22 $855,784
---
01/31/23 $930,327
02/28/23 $939,370
03/31/23 $977,364 - maxed out 401(k), started Mega Backdoor Roth
04/30/23 $991,877
05/31/23 $1,010,433 - YAY! COOKIES!
06/30/23 $1,056,937
07/31/23 $1,097,939 - maxed out Mega Backdoor Roth
08/31/23 $1,082,361
09/30/23 $1,048,207
10/31/23 $1,022,187
11/30/23 $1,121,755
Went over the $1.1M milestone this month, after getting soooo close in July. That's almost a $100k jump in one month 😲. Let's hope it holds!
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Feb 01 2023 - 1.142M 1.105M
Mar 01 2023 - 1.115M 1.074M
Apr 01 2023 - 1.130M 1.086M
Jun 01 2023 - 1.132M 1.089M
Jul 02 2023 - 1.187M 1.138M
Aug 01 2023 - 1.231M 1.177M
Oct 01 2023 - 1.146M 1.100M
Dec 01 2023 - 1.194M 1.154M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Catching up on record keeping today. That high-water-mark remains elussive. Then again, haven't been putting much at all in (may well be $0 added for 2023) since I dialed back to part time in 2021.
I'm also in an ever-accelerating way unwinding some 0% balance transfer offers I did in 2020 to have more to invest - have rolled forward since then from card to card with 3-5% fees, but it just isn't worth the stress. So that will be done by August unless we have some major cash crunch and have to extend yet further. Maybe in 2024 we can actually add to the balances again. Of course we're probably moving then. So less of a "run" from 1 to 2 million for me than a crawl I guess.
-
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
November 2021 - passed $1.6M
June 2023 - passed $1.7M
December 2023 - passed $1.8M
making progress!
-
1/31/2023 $1,086,347.19
2/28/2023 $1,462,233.84
3/31/2023 $1,492,865.46
4/30/2023 $1,516,786.80
5/31/2023 $1,543,270.83
6/30/2023 $1,615,750.49
7/31/2023 $1,683,127.11
8/31/2023 $1,653,146.50
9/30/2023 $1,601,126.93
10/31/2023 $1,546,892.46
11/30/2023 $1,693,037.96
Finally a really good month after January! Hoping to break the 1.7M next month. This is a new watermark for me!
-
Happy to be joining this thread from the 500-1mm race! We'll see how many times we oscillate back and forth, but hopefully we'll keep ourselves above that mark. Aiming for $200k+ in annual contributions/savings in 2024.
01/01/21 - $400,149
03/31/21 - $458,005 (+$57,856)
06/30/21 - $517,109 (+$116,960)
09/30/21 - $563,939 (+$163,790)
12/31/21 - $603,373 (+$203,224)
01/16/22 - $601,346 (-$2,026)
03/31/22 - $646,383 (+$43,010)
06/30/22 - $638,810 (+$35,437)
10/17/22 - $672,896 (+$69,523)
12/31/22 - $736,945 (+$133,573)
01/15/23 - $758,371 (+$21,425)
01/31/23 - $773,643 (+$36,697)
02/16/23 - $783,541 (+$46,595)
02/28/23 - $811,982 (+$75,036)
03/31/23 - $842,402 (+$105,457)
04/17/23 - $851,821 (+$114,875)
04/30/23 - $858,288 (+$121,342)
05/31/23 - $889,221 (+$152,275)
06/16/23 - $934,050 (+$197,104)
07/15/23 - $957,667 (+$220,721)
08/01/23 - $978,930 (+$241,984)
08/31/23 - $985,028 (+$248,083)
10/16/23 - $988,762 (+$251,816)
11/07/23 - $1,005,005 (+$268,059)
11/30/23 - $1,044,649 (+$307,703)
-
Couldn't resist joining this thread; tracking my NW every month is one of my favorite rituals.
After a lot of ups and downs over the last couple years, feels like progress is finally happening. And this month's tally was very exciting -- hit 1.8 for the first time. Starting to feel like 2 is not that far off!
Total Net Worth:
| Month | 2022 | 2023 | 2024 |
| January | $1,467,082 | $1,504,623 | — |
| February | $1,441,952 | $1,476,669 | — |
| March | $1,487,431 | $1,517,419 | — |
| April | $1,382,818 | $1,568,736 | — |
| May | $1,396,518 | $1,576,460 | — |
| June | $1,304,137 | $1,682,624 | — |
| July | $1,401,307 | $1,753,584 | — |
| August | $1,355,802 | $1,735,024 | — |
| September | $1,247,508 | $1,667,015 | — |
| October | $1,340,992 | $1,625,971 | — |
| November | $1,450,555 | $1,801,365 | — |
| December | $1,396,664 | — | — |
-
Current net worth is $1,265,857.28, which includes primary residence, current value of defined benefit pension plan, emergency fund and liquid retirement investments. Hit $500k in liquid retirement investments for the first time on Friday.
-
Couldn't resist joining this thread; tracking my NW every month is one of my favorite rituals.
After a lot of ups and downs over the last couple years, feels like progress is finally happening. And this month's tally was very exciting -- hit 1.8 for the first time. Starting to feel like 2 is not that far off!
Total Net Worth:
| Month | 2022 | 2023 | 2024 |
| January | $1,467,082 | $1,504,623 | — |
| February | $1,441,952 | $1,476,669 | — |
| March | $1,487,431 | $1,517,419 | — |
| April | $1,382,818 | $1,568,736 | — |
| May | $1,396,518 | $1,576,460 | — |
| June | $1,304,137 | $1,682,624 | — |
| July | $1,401,307 | $1,753,584 | — |
| August | $1,355,802 | $1,735,024 | — |
| September | $1,247,508 | $1,667,015 | — |
| October | $1,340,992 | $1,625,971 | — |
| November | $1,450,555 | $1,801,365 | — |
| December | $1,396,664 | — | — |
Go!Go!Go!
Multimillionaire status is coming. Will there be a few corrections and disappointments? Yes, almost certain. Will you win in the end? Absolutely!
-
1/31/2023 $1,086,347.19
2/28/2023 $1,462,233.84
3/31/2023 $1,492,865.46
4/30/2023 $1,516,786.80
5/31/2023 $1,543,270.83
6/30/2023 $1,615,750.49
7/31/2023 $1,683,127.11
8/31/2023 $1,653,146.50
9/30/2023 $1,601,126.93
10/31/2023 $1,546,892.46
11/30/2023 $1,693,037.96
Finally a really good month after January! Hoping to break the 1.7M next month. This is a new watermark for me!
Outstanding! It works. Stick with it and it works.
-
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
November 2021 - passed $1.6M
June 2023 - passed $1.7M
December 2023 - passed $1.8M
making progress!
I feel like doing some cheerleading for those soon headed to the 2 to 4 and beyond club.
Things have gotten slow on that thread. Last post was by me last week. Stuffy old multimillionaires are too busy counting all their money to post. We need new blood!
That is rocketship growth. I feel like a turtle looking back at how long it took.
-
May 2021 1,204,509
Jun 2021 1,222,430
Jul 2021 1,240,105
Aug 2021 1,259,949
Sep 2021 1,281,458
Oct 2021 1,256,843
Nov 2021 1,291,735
Dec 2021 1,264,320
Jan 2021 1,313,333
Feb 2022 1,250,517
Mar 2022 1,222,102
Apr 2022 1,264,641
May 2022 1,192,930
Jun 2022 1,196,624
Jul 2022 1,134,107
Aug 2022 1,185,716
Sep 2022 1,168,542
Oct 2022 1,088,717
Nov 2022 1,142,200
Dec 2022 1,222,881
Jan 2022 1,188,549
Feb 2023 1,235,809
Mar 2023 1,223,165
Apr 2023 1,237,203
Jun 2023 1,295,744
Jul 2023 1,353,033
Aug 2023 1,385,534
Sep 2023 1,342,520
Oct 2023 1,329,704
Nov 2023 1,300,504
Dec 2023 1,396,791
Yeah so many people are on the precipice of graduating to the 2m and beyond. Meanwhile, I feel like we've just been treading water for the past three years despite continuing to throw a ton of money at the accounts. Nevertheless, we persist.
edit: if anyone can tell me how to make columns it would be much appreciated.
-
We are at 1.92. Will probably hit 2m within the next few months, unless we have another 2022, when we threw in over $150K, and our net worth only went up by $42K. That was also the year when we spent 3 months under house arrest and getting daily COVID tests (China's pandemic prevention measures were no joke). I really hope we don't have a repeat of 2022.
-
We are at 1.92. Will probably hit 2m within the next few months, unless we have another 2022, when we threw in over $150K, and our net worth only went up by $42K. That was also the year when we spent 3 months under house arrest and getting daily COVID tests (China's pandemic prevention measures were no joke). I really hope we don't have a repeat of 2022.
I'm hoping the rally continues and you tip over the mark. If not be patient. I can remember the 2 million point myself. It went back and forth many times. I think it was April 2018.
We were buying our Florida home at the time. I was worried about the purchase at the time. It was an awesome price. Now it's more than double in value what we paid. Our investment accounts have increased by another 1.3 million since then as well. Hang in there.
-
I feel like doing some cheerleading for those soon headed to the 2 to 4 and beyond club.
Things have gotten slow on that thread. Last post was by me last week. Stuffy old multimillionaires are too busy counting all their money to post. We need new blood!
That is rocketship growth. I feel like a turtle looking back at how long it took.
Love the cheerleading! And your comment about stuffy old multimillionaires made me snicker.
-
I feel like doing some cheerleading for those soon headed to the 2 to 4 and beyond club.
Things have gotten slow on that thread. Last post was by me last week. Stuffy old multimillionaires are too busy counting all their money to post. We need new blood!
That is rocketship growth. I feel like a turtle looking back at how long it took.
Love the cheerleading! And your comment about stuffy old multimillionaires made me snicker.
+1. Thanks for the cheerleading and we're close - 1.91M (not including our paid off house) as of EQ3 this year. One of my 2024 goals is to graduate to the 2-4M thread. I want to be a stuffy old multimillionaire when I grow up. ;-)
-
Just hit 1.5M in investments!
-
Just hit 1.5M in investments!
Hooray congratulations! I feel genuine joy at your victory as a fellow "mucky middler" myself.
-
Hey all, Looks fancy in here! Was tracking investments only in previous thread.
DATE INVESTABLE ASSESTS
Dec 2010 $137,800
Dec 2011 $145,000
Dec 2012 $179,000
Dec 2013 $199,543
Dec 2014 $221,787
Jan 2015 $247,945
May 2015 $279,652
May 2016 $328,980
Jul 2017 $417,772
Aug 2018 $491,708
Jul 2019 $617,447
Jul 2020 $727,000
Jul 2021 $935,000
Jul 2022 $877,000
Jan 2023 $930,091
Feb 2022 $964,372
Mar 2023 $950,000
Apr 2023 $977,000
May 2023 $983,545
Jun 2023 $1,002,000
Jul 2023 $1,019,263
Aug 2023 $1,060,837
Sep 2023 $1,039,989
Oct 2023 $992,000
Nov 2023 $1,032,057
Dec 2023 $1,078,425 ($1,288,425 - TNW)
-
Hey all, Looks fancy in here!
<Looks around...>
Huh...must be the other folks. Anyway, welcome and congrats on being part of the double comma club!
-
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 | - |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 | - |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 | - |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 | - |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 | - |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 | - |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 | - |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 | - |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | $1,057,189 | - |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | $1,011,786 | - |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | $971,634 | - |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | $1,079,203 | - |
-
Welcome drumstache, finwiz and bananas!
Excited to see everyone's numbers skyrocketing and hopefully some graduation announcements
-
Welcome drumstache, finwiz and bananas!
Excited to see everyone's numbers skyrocketing and hopefully some graduation announcements
Thanks all! Is that a Koala with Freddie in your avatar?
-
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
November 2021 - passed $1.6M
June 2023 - passed $1.7M
December 2023 - passed $1.8M
making progress!
I feel like doing some cheerleading for those soon headed to the 2 to 4 and beyond club.
Things have gotten slow on that thread. Last post was by me last week. Stuffy old multimillionaires are too busy counting all their money to post. We need new blood!
That is rocketship growth. I feel like a turtle looking back at how long it took.
So close can't wait to join you Flyguy soccerluv and others I've been reading in that thread
-
Welcome drumstache, finwiz and bananas!
Excited to see everyone's numbers skyrocketing and hopefully some graduation announcements
Thanks all! Is that a Koala with Freddie in your avatar?
It's a Himalayan kitty with Freddie :)
-
It's a Himalayan kitty with Freddie :)
Ah! My eyes aren't what they used to be!
-
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
November 2021 - passed $1.6M
June 2023 - passed $1.7M
December 2023 - passed $1.8M
making progress!
I feel like doing some cheerleading for those soon headed to the 2 to 4 and beyond club.
Things have gotten slow on that thread. Last post was by me last week. Stuffy old multimillionaires are too busy counting all their money to post. We need new blood!
That is rocketship growth. I feel like a turtle looking back at how long it took.
Thanks for the cheerleading! Hope I can join that thread sometime next year!
The rocketship stalled between Nov 2021 and June 2023. Felt like we were going nowhere despite contributing a lot.
On the plus side, the 1.5 years of going nowhere helped me realize that my contributions aren’t moving the needle much anymore, and has helped me to be ok with spending more where it actually improves my life. For too long I didn’t spend as much as I could have for the sake of feeding the ‘stache.
-
Joining the new group as I make the journey to $2M. I track networth which includes my home, but does not include my wife's assets. broke through the millionaire status to start 2023, and posting my March 1 status a few days early (busy the next few days!)
1/1/2013 -$20,000
1/1/2014 -$7,000
1/1/2015 $19,000
1/1/2016 $70,000
1/1/2017 $126,000
1/1/2018 $185,000
1/1/2019 $417,000
1/1/2020 $489,000
1/1/2021 $545,000
1/1/2022 $656,000
1/1/2023 $1,018,000
2/1/2023 $1,043,000
3/1/2023 $1,047,000
Based on my projections I should graduate this group in June 2027. Another million in less than 4.5 years does not seem realistic but I keep beating my projections (humble brag). Hopefully at this time I'll be evaluating the continuation of the 9-5 but don't have a set number right now. Let's go!
1/1/2023 $1,018,000
2/1/2023 $1,043,000
3/1/2023 $1,047,000
4/1/2023 $1,056,000
5/1/2023 $1,047,000
6/1/2023 $1,053,000
7/1/2023 $1,062,000
A few up and down months but think I'm back on track after a few big purchases first half of the year. Will look to break $1.1M mark before end of the year but we'll see what the stock market wants to do.
8/1/2023 $1,078,000
9/1/2023 $1,082,000
10/1/2023 $1,063,000
11/1/2023 $1,069,000
12/1/2023 $1,103,000
Ah how nice this recent market rally has been. Was hoping to get over $1.1 before the end of the year, and I've hit that if things hold. I'd be very happy if my NW increased by $100k in a year after what felt like a very expensive year. Good luck to you all in the final month of 2023!
-
Another update. I think on track for 2030 retirement
Real
Estate LNW TNW
Dec-2020 352 547 899
Jan-2021 352 561 913
Feb-2021 391 520 905
Mar-2021 391 525 916
Apr-2021 392 538 930
May-2021 426 549 975
June-2021 429 564 993
July-2021 400 600 1000
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
Jan-2022 612 598 1210
Feb-2022 620 594 1214
Mar-2022 609 617 1226
Apr-2022 602 538 1140
May-2022 602 538 1140
July-2022 602 538 1140
Nov-2022 709 522 1231
Dec-2022 709 504 1213
April-2023 719 557 1276
May-2023 730 581 1311
June-2023 730 618 1348
July-2023 754 642 1396
Aug-2023 754 639 1393
Nov-2023 754 626 1380
Dec-2023 754 661 1415
-
Here's mine for the year so far.
The first entry is from when I first found MMM and started tracking things.
01/02/17 $361,904
01/02/23 $1,040,407
02/02/23 $1,106,644
03/02/23 $1,079,795
04/02/23 $1,114,027
05/02/23 $1,127,102
06/02/23 $1,147,745
07/02/23 $1,252,912
08/02/23 $1,278,143
09/02/23 $1,275,557
10/02/23 $1,231,528
11/02/23 $1,229,024
12/02/23 $1,313,340
-
Here's mine for the year so far.
The first entry is from when I first found MMM and started tracking things.
01/02/17 $361,904
01/02/23 $1,040,407
02/02/23 $1,106,644
03/02/23 $1,079,795
04/02/23 $1,114,027
05/02/23 $1,127,102
06/02/23 $1,147,745
07/02/23 $1,252,912
08/02/23 $1,278,143
09/02/23 $1,275,557
10/02/23 $1,231,528
11/02/23 $1,229,024
12/02/23 $1,313,340
30% in one year is great progress. Nicely done.
I broke my rule about only checking quarterly and ran our numbers (LNW only).
...
10/1/2023 - 1.92M
12/10/2023 - 1.997632M
Time to raid the couch cushions for loose change.
-
Here's mine for the year so far.
The first entry is from when I first found MMM and started tracking things.
01/02/17 $361,904
01/02/23 $1,040,407
02/02/23 $1,106,644
03/02/23 $1,079,795
04/02/23 $1,114,027
05/02/23 $1,127,102
06/02/23 $1,147,745
07/02/23 $1,252,912
08/02/23 $1,278,143
09/02/23 $1,275,557
10/02/23 $1,231,528
11/02/23 $1,229,024
12/02/23 $1,313,340
30% in one year is great progress. Nicely done.
I broke my rule about only checking quarterly and ran our numbers (LNW only).
...
10/1/2023 - 1.92M
12/10/2023 - 1.997632M
Time to raid the couch cushions for loose change.
There have been times like this when I had to include the emergency fund green cash to get over the hump. One million was exciting but too far away from FIRE. Two million brought elation because FIRE is actually possible at that point. Three million came and went away for a while with covid and other pullbacks. Sitting at four total net worth now isn't so much exciting as it is satisfying. Five TNW will probably bring mindset change if we get there. We'll be drawing and not just building so the rise to five may be slower.
You're going to get to all those points. Congratulations on a job well done.
-
Here's mine for the year so far.
The first entry is from when I first found MMM and started tracking things.
01/02/17 $361,904
01/02/23 $1,040,407
02/02/23 $1,106,644
03/02/23 $1,079,795
04/02/23 $1,114,027
05/02/23 $1,127,102
06/02/23 $1,147,745
07/02/23 $1,252,912
08/02/23 $1,278,143
09/02/23 $1,275,557
10/02/23 $1,231,528
11/02/23 $1,229,024
12/02/23 $1,313,340
30% in one year is great progress. Nicely done.
I broke my rule about only checking quarterly and ran our numbers (LNW only).
...
10/1/2023 - 1.92M
12/10/2023 - 1.997632M
Time to raid the couch cushions for loose change.
Thanks, and you're so close to that next bracket! Moving on...
-
There have been times like this when I had to include the emergency fund green cash to get over the hump. One million was exciting but too far away from FIRE. Two million brought elation because FIRE is actually possible at that point. Three million came and went away for a while with covid and other pullbacks. Sitting at four total net worth now isn't so much exciting as it is satisfying. Five TNW will probably bring mindset change if we get there. We'll be drawing and not just building so the rise to five may be slower.
You're going to get to all those points. Congratulations on a job well done.
Thanks for the encouragement, I really appreciate it. I didn't include our paid off house, vehicles or pensions in the above. I'm going to sell a car in the spring, which will easily push us over the edge. Zillow says the house is down 100K from the top (929K), which is fine by me. If I hang on another 20 months and DH another 4.5 years, our pensions will be an extra 4K/month starting at age 65. I'm trying to prep myself now for the shift to a drawdown mindset and it's...weird.
-
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438
06/14/23 Cash & Investments: $1,200,739
07/28/23 Cash & Investments: $1,253,933
11/15/23 Cash & Investments: $1,260,711
12/11/23 Cash & Investments: $1,301,887
Finally crossed the 1.3M mark. Been just under the past few months.
-
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
EQ3 2022 - 1.37M / 1.63M
EOY 2022 - 1.46M / 1.72M
EQ1 2023 - 1.55M / 1.81M
EQ2 2023 - 1.64M / 1.91M
EQ3 2023 - 1.61M / 1.88M
Dec 2023 --- see below
OK jumping in ahead of schedule to report breaking news.
My TNW as of this morning is (drum roll) $2,000,196
\_O_/ score
I'm glad the market went up a little more today so that I have at least a couple of days in this rarefied air! It's like sneaking into first class!
Almost exactly 6 years for me to get the second million. TNW = $1M Feb 2018 (LNW $1M sixteen months later). Let's see how long it takes to get that LNW up this time. It would be nice to get it within a year but I'm not particularly optimistic about that.
I'm guessing a couple more of us have crossed the line in December since I know several were within striking distance ( @weebs @Freedomin5 ) . I was stuck at 1.99x for the past couple of weeks myself.
Anyway life goal unlocked, I guess. Maybe I'll go hang out with the staff behind the $2M- $4M clubhouse and see what those folks are up to. Hopefully security won't run me off.
-
Woohoo! Congratulations @TempusFugit !
2M will be a December stretch for us. We will more likely hit that goal in January or February. But who knows? Maybe there’ll be a huge December rally that will push us over the finish line.
-
Congrats @TempusFugit! I've been waffling on graduating myself, despite briefly ticking over the $2M limit in LNW this summer. Back over it now again, and briefly checked out the next "race" thread. It looks like once you're in that thread, you're just all understood to be rich, and nobody posts their progress tables anymore. You just get to talk about rich person problems and triumphs. Looking forward to it.
-
Congrats @TempusFugit! I've been waffling on graduating myself, despite briefly ticking over the $2M limit in LNW this summer. Back over it now again, and briefly checked out the next "race" thread. It looks like once you're in that thread, you're just all understood to be rich, and nobody posts their progress tables anymore. You just get to talk about rich person problems and triumphs. Looking forward to it.
Thanks @Arbitrage. Hah, yes from what I've seen the next 'race' thread really isn't, and that's probably as it should be. I look forward to a time when I am not thinking about it so much! Being so close to some FI goals has my attention on it more than it used to be when those goals were still years away.
-
Congrats @TempusFugit! I've been waffling on graduating myself, despite briefly ticking over the $2M limit in LNW this summer. Back over it now again, and briefly checked out the next "race" thread. It looks like once you're in that thread, you're just all understood to be rich, and nobody posts their progress tables anymore. You just get to talk about rich person problems and triumphs. Looking forward to it.
Thanks @Arbitrage. Hah, yes from what I've seen the next 'race' thread really isn't, and that's probably as it should be. I look forward to a time when I am not thinking about it so much! Being so close to some FI goals has my attention on it more than it used to be when those goals were still years away.
I try to stir the pot up as much as possible in the next thread and issue congratulations and encouragement here. I have plenty of posts in this thread if you look back. I was and still am trying to figure it all out. In my mind I'm still just a country kid working on a farm.
The next thread includes the beyond 4M territory. I see no need for any higher than 4M needing an extra thread. As mentioned, what will be discussed? Mustache principles no longer need to apply.
-
My TNW as of this morning is (drum roll) $2,000,196
\_O_/ score
Woo-hoo! Congrats on the milestone. ASCII score FTW.
I've been waffling on graduating myself, despite briefly ticking over the $2M limit in LNW this summer. Back over it now again, and briefly checked out the next "race" thread. It looks like once you're in that thread, you're just all understood to be rich, and nobody posts their progress tables anymore. You just get to talk about rich person problems and triumphs. Looking forward to it.
Congrats! I figured you crossed over with authority based on the market performance since your last update. While setting up text alerts for my Vanguard account this morning, I noticed the current balance bumped LNW just over the $2M mark. Crazy. Like @Bateaux, I still see myself as a dusty rural kid who smells like barn.
-
My TNW as of this morning is (drum roll) $2,000,196
\_O_/ score
Woo-hoo! Congrats on the milestone. ASCII score FTW.
I've been waffling on graduating myself, despite briefly ticking over the $2M limit in LNW this summer. Back over it now again, and briefly checked out the next "race" thread. It looks like once you're in that thread, you're just all understood to be rich, and nobody posts their progress tables anymore. You just get to talk about rich person problems and triumphs. Looking forward to it.
Congrats! I figured you crossed over with authority based on the market performance since your last update. While setting up text alerts for my Vanguard account this morning, I noticed the current balance bumped LNW just over the $2M mark. Crazy. Like @Bateaux, I still see myself as a dusty rural kid who smells like barn.
Congrats to you @weebs on your milestone!
I have fond memories of the barn smell.
@Bateaux yes thanks we have appreciated your encouraging posts in our humble thread!
-
Welcome, @TempusFugit.
I cheated and counted PV of future SS in my NW calculations to hang here ;)
-
I'll play.
-
Santa Claus rally has been good so far. New high water mark at midmonth check in. We'll see if it holds for the end of the year.
-
Santa Claus rally has been good so far. New high water mark at midmonth check in. We'll see if it holds for the end of the year.
Yeah, it sure looks nice on the spreadsheet. Our investments went over a million for the first time.
Investments Investments + home equity
$1,005,366.47 $1,348,569.24
-
... Our investments went over a million for the first time.
...
That's a nice feeling, isn't it? Congratulations on the milestone.
-
I feel like doing some cheerleading for those soon headed to the 2 to 4 and beyond club.
Things have gotten slow on that thread. Last post was by me last week. Stuffy old multimillionaires are too busy counting all their money to post. We need new blood!
That is rocketship growth. I feel like a turtle looking back at how long it took.
Love the cheerleading! And your comment about stuffy old multimillionaires made me snicker.
+1. Thanks for the cheerleading and we're close - 1.91M (not including our paid off house) as of EQ3 this year. One of my 2024 goals is to graduate to the 2-4M thread. I want to be a stuffy old multimillionaire when I grow up. ;-)
Ha! I just peeked in to do a little cheerleading of my own, but I see another SOMM (fake TM) has beat me to it. One of the oddest things about being in the "and Beyond" Club is how little attention I pay to money these days.* Market's down? Santa Rally? Ho-hum.
After years of tracking obsessively, it's a surprising and unexpectedly welcome change. My Inner Bag Lady (IBL) also seems to have hit FIRE and is off living her best life somewhere else, which is also unexpectedly lovely.
It may also be why that other thread is so quiet.
*Real SOMM conversation this week, as DH was paying $25k in property tax bills:
Dicey: "How much is in XYZ account?"
Mr. Dicey: "About [names a figure in excess of $2M]"
Dicey: "So we're broke, then?"
Mr. Dicey: "Yup"
Dicey: "Okay"
Aren't we a fun couple of SOMMs?
I know this sounds braggy, but it's worth noting we were never high wage earners and we live in a HCOLA. This shit works, it really works! I know we'll be seeing a lot of "graduates" soon. All are welcome, though I can't promise that it's an exciting place to hang out. We're all mostly off doing other fun things.
-
... Our investments went over a million for the first time.
...
That's a nice feeling, isn't it? Congratulations on the milestone.
It sure is, and thanks!
-
It's good to see folks progressing here. Congrats all!!
2020 $1,019,917
APR 2021 $1,100, 966
AUG 2021 $1,200,662
JUN 2023 $1,303,602
DEC 2023 $1,405,881
In keeping with my usual method, I'm only updating here once I pass those nice round 100k milestones. As I was doing this month's purchases I realized that I hit $1.4m last Friday. Woot!
Happy holidays, everyone!
-
Thank you @fuzzy math , appreciate the welcome!
01/01/21 - $400,149
03/31/21 - $458,005 (+$57,856)
06/30/21 - $517,109 (+$116,960)
09/30/21 - $563,939 (+$163,790)
12/31/21 - $603,373 (+$203,224)
01/16/22 - $601,346 (-$2,026)
03/31/22 - $646,383 (+$43,010)
06/30/22 - $638,810 (+$35,437)
10/17/22 - $672,896 (+$69,523)
12/31/22 - $736,945 (+$133,573)
01/15/23 - $758,371 (+$21,425)
01/31/23 - $773,643 (+$36,697)
02/16/23 - $783,541 (+$46,595)
02/28/23 - $811,982 (+$75,036)
03/31/23 - $842,402 (+$105,457)
04/17/23 - $851,821 (+$114,875)
04/30/23 - $858,288 (+$121,342)
05/31/23 - $889,221 (+$152,275)
06/16/23 - $934,050 (+$197,104)
07/15/23 - $957,667 (+$220,721)
08/01/23 - $978,930 (+$241,984)
08/31/23 - $985,028 (+$248,083)
10/16/23 - $988,762 (+$251,816)
11/07/23 - $1,005,005 (+$268,059)
11/30/23 - $1,044,649 (+$307,703)
12/15/23 - $1,082,396 (+$345,450)
-
Pre-workweek check in has me up by over 100K vs the end of last month, and around 80K from graduating this thread. New high watermark for me. Wild growth this quarter! Waiting until Friday close of market to do the annual update and the update to tracking charts.
-
My TNW as of this morning is (drum roll) $2,000,196
\_O_/ score
Woo-hoo! Congrats on the milestone. ASCII score FTW.
I've been waffling on graduating myself, despite briefly ticking over the $2M limit in LNW this summer. Back over it now again, and briefly checked out the next "race" thread. It looks like once you're in that thread, you're just all understood to be rich, and nobody posts their progress tables anymore. You just get to talk about rich person problems and triumphs. Looking forward to it.
Congrats! I figured you crossed over with authority based on the market performance since your last update. While setting up text alerts for my Vanguard account this morning, I noticed the current balance bumped LNW just over the $2M mark. Crazy. Like @Bateaux, I still see myself as a dusty rural kid who smells like barn.
Thanks! Yeah, I think I've run out of excuses not to graduate after this rally. As always, it could come crashing down shortly, but I think I'll finally just take the victory.
-
Thanks! Yeah, I think I've run out of excuses not to graduate after this rally. As always, it could come crashing down shortly, but I think I'll finally just take the victory.
Good on ya. Forward progress and all that...
-
Congrats to @TempusFugit and @Arbitrage on being double members of the double comma club!
And Congrats to anyone newly joining this race as well!
-
It's good to see folks progressing here. Congrats all!!
2020 $1,019,917
APR 2021 $1,100, 966
AUG 2021 $1,200,662
JUN 2023 $1,303,602
DEC 2023 $1,405,881
In keeping with my usual method, I'm only updating here once I pass those nice round 100k milestones. As I was doing this month's purchases I realized that I hit $1.4m last Friday. Woot!
Happy holidays, everyone!
We're twinsies! Or close enough, we are at 1.45 investments (1.6-7 ish including home). This rally has been good. I feel like we were hanging at 1.3 for two years so it's great to finally see the numbers change.
Cheers to the progress we've all made in this thread! To the graduates, well done! May we all become stuffy old multi-millionaires.
-
This end-of-year rally has been nice! We are now sitting at $1.8m in investments + savings, and over $2m with our home's equity. At 58.5, I'm beginning to see the light.... :)
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
August 2023 = $1,210
September 2023 = $1,200
October 2023 = $1,179
November 2023 = $1,165
December 2023 = $1,231
January 2024 = $1,293
-
End of Year 2022 Liquid Networth.
Jan. 1, 2016: $181.7k
Jan. 1, 2017: $249.5k
Jan. 1, 2018: $377.3k
Jan. 1, 2019: $499.2k
Jan. 1, 2020: $710.5k
Jan. 1, 2021: $1,055.8k
Jan. 1, 2022: $1,312.5k
Jan. 1, 2023: $1,349.9k
~ Jan. 1, 2024: $1,634.4k
-
Love the user name. I was Mizzou class of '91. (That's 1991, not 1891).
-
Investments Only
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | $965,972 | $1,106,098 |
| August | $34,251 | $95,245 | $220,293 | $353,410 | $466,936 | $686,631 | $998,422 | $912,288 | $1,086,297 |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | $1,039,276 |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | $1,006,297 |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | $1,105,904 |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | $1,174,920 |
The santa rally was good to us :). It actually brought us within $20K of a networth target I set almost a decade ago.
Wild.
-
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438
06/14/23 Cash & Investments: $1,200,739
07/28/23 Cash & Investments: $1,253,933
11/15/23 Cash & Investments: $1,260,711
12/11/23 Cash & Investments: $1,301,887
12/28/23 Cash & Investments: $1,367,990
I didn’t know if I would break 1.3m in 2023 so pretty happy with where we ended up.
-
Love the user name. I was Mizzou class of '91. (That's 1991, not 1891).
Nice! Small world! Hopefully they can get a win against Ohio State tonight!
-
We're twinsies! Or close enough, we are at 1.45 investments (1.6-7 ish including home). This rally has been good. I feel like we were hanging at 1.3 for two years so it's great to finally see the numbers change.
Cheers to the progress we've all made in this thread! To the graduates, well done! May we all become stuffy old multi-millionaires.
@JupiterGreen Glad to have a twin-from-another-mother on here. Race you to the finish! ;)
and @OurTown , you're ruining my mental backstory. Aren't you from from Riverrun, Littlefinger?
-
Investments only; Household combined.
| | 2019 ($) | 2020 ($) | 2021 ($) | 2022 ($) | 2023 ($) |
| January | - | 496,255 | 674,413 | 898,547 | 902,687 |
| February | - | 472,573 | 700,728 | 880,646 | 903,228 |
| March | - | 444,067 | 732,652 | 901,213 | 928,990 |
| April | - | 495,051 | 762,029 | 848.393 | 982,455 |
| May | - | 524,063 | 759,955 | 843,438 | 990,932 |
| June | - | 524,530 | 796,116 | 789,251 | 1,032,315 |
| July | 330,406 | 552,296 | 826,664 | 856,647 | 1,070,543 |
| August | 437,870 | 632,115 | 866,404 | 848,320 | 1,080,553 |
| September | 443,081 | 617,959 | 827,075 | 813,668 | 1,033,191 |
| October | 452,295 | 604,646 | 873,651 | 865,508 | 1,045,192 |
| November | 483,711 | 664,577 | 898,767 | 905,357 | 1,118,401 |
| December | 484,963 | 674,843 | 925,511 | 860,954 | 1,140,987 |
Overall, happy with our end of year numbers.
-
Meh. At least Baby Million has been holding up so far!
Invested assets, long term savings and debts:
12/31/14 $51,962
12/31/15 $92,762
12/31/16 $163,900
12/31/17 $251,415
12/31/18 $330,093 - new job, nice retention bonus from previous job
12/31/19 $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20 $714,958
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
12/31/22 $855,784
12/31/23 $1,184,285
---
01/31/23 $930,327
02/28/23 $939,370
03/31/23 $977,364 - maxed out 401(k), started Mega Backdoor Roth
04/30/23 $991,877
05/31/23 $1,010,433 - YAY! COOKIES!
06/30/23 $1,056,937
07/31/23 $1,097,939
08/31/23 $1,082,361
09/30/23 $1,048,207
10/31/23 $1,022,188
11/30/23 $1,121,755
12/31/23 $1,184,285
November has been crazy. It was the most money I ever made/saved in one month ($99.5k!!). Wish I had finished the year at $1.2M lol.
Happy New Year everyone!
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
7/1/2023 - 1.48m
10/1/2023 - 1.40m
1/1/2024 - 1.55m
Wow, what an incredible quarter! New net worth high for us, despite our highest spend year ever (by a long shot).
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,604,500
09/01/2023 - $1,582,200
10/01/2023 - $1,538,400
11/01/2023 - $1,513,300
12/01/2023 - $1,588,700
01/01/2024 - $1,646,500
-
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
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
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M
7/1/23: $1.936M / 2.279M
8/1/23: $2.010M / 2.363M
9/1/23: $1.971M / 2.312M
10/1/23: $1.908M / 2.258M
11/1/23: $1.854M / 2.202M
12/1/23: $1.992M / 2.326M
1/1/24: $2.108M / 2.439M
Already received my congrats after graduating upthread, but a final tally for posterity. See you all in the 'filthy rich' thread, where nobody bothers with numbers anymore!
-
Nov-17 - 300k
May-18 - 375k
July -18 - 400k
Dec-18 - 345K - liquid 404
annual net +45k (+15%) liquid ?
Mar-19 - 415K
Jun-19 nw 444K - liquid -514K
Sep-19 nw 450K liquid 527K
dec-19 nw 490k liquid 575k
annual net +145k (+42%) liquid +171k (+42%)
mar-20 nw 374 liquid 455
Jun-20 nw 468 liquid 541
Sep-20 nw 612 liquid 573
Dec-20 nw 737 liquid 679
annual net +247k (+50%) liquid +104k (+18%)
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
annual net +329k (+45%) liquid +184k (+27%)
Mar-22 nw 1,058 liquid 817
June-22nw 962 liquid 672
Sep-22 nw 964 liquid 684
Dec-22 nw 970 liquid 671
annual net -96k (-9%) liquid -192k (-22%)
Jan-23 nw 991 liquid 719
Jun-23 nw 916 liquid 801
Jul-23 nw 957 liquid 834
dec-23 nw 940 liquid 814
thought I'd updated a little more frequently but apparently not. I was sick however. Still bouncing around roughly level. this year I sold a property under the value I had included it for earlier in order to get out from under the ever increasing burden of being a landlord (not great when you are sick) and getting out before further insurance increases etc etc.
taking that into account It was just an OK year. my debt is now the lowest it has ever been and I'm in a good position financially going forward.
especially when this is just my funds - add the other half and combined we are into the next thread up!!
-
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
EQ3 2022 - 1.37M / 1.63M
EOY 2022 - 1.46M / 1.72M
EQ1 2023 - 1.55M / 1.81M
EQ2 2023 - 1.64M / 1.91M
EQ3 2023 - 1.61M / 1.88M
EOY 2023 - 1.79M / 2.06M
Glad things held up until the official EOY numbers could be booked!
Looks like everyone made solid progress this year. Let's hope the wheels don't fall off in '24
-
Old data:
| 2015 DEC | : | 252k | <- Crossed 250k |
| - | - |
| 2016 JAN | : | 260k | (+8k) |
| 2016 FEB | : | 281k | (+21k) |
| 2016 MAR | : | 285k | (+4k) |
| 2016 APR | : | 298k | (+13k) |
| 2016 MAY | : | 305k | (+7k) |
| 2016 JUN | : | 307k | (+2k) |
| 2016 JUL | : | 320k | (+13k) |
| 2016 AUG | : | 326k | (+6k) |
| 2016 SEP | : | 336k | (+10k) |
| 2016 OCT | : | 337k | (+1k) |
| 2016 NOV | : | 361k | (+24k) |
| 2016 DEC | : | 368k | (+7k) |
| - | - |
| 2017 JAN | : | 382k | (+14k) |
| 2017 FEB | : | 403k | (+21k) |
| 2017 MAR | : | 416k | (+13k) |
| 2017 APR | : | 427k | (+11k) |
| 2017 MAY | : | 436k | (+9k) |
| 2017 JUN | : | 449k | (+13k) |
| 2017 JUL | : | 464k | (+15k) |
| 2017 AUG | : | 478k | (+14k) |
| 2017 SEPT | : | 494k | (+16k) |
| 2017 OCT | : | 510k | (+16k) <- Crossed 500k |
| 2017 NOV | : | 523k | (+13k) |
| 2017 DEC | : | 534k | (+11k) |
| - | - |
| 2018 JAN | : | 558k | (+24k) |
| 2018 FEB | : | 569k | (+11k) |
| 2018 MAR | : | 560k | (-9k) |
| 2018 APR | : | 574k | (+14k/+5k) |
| 2018 MAY | : | 575k | (+1k) |
| 2018 JUNE | : | 575k | (+0k) |
| 2018 JULY | : | 599k | (+24k) |
| 2018 AUG | : | 620k | (+21k) |
| 2018 SEPT | : | 625k | (+5k) |
| 2018 OCT | : | 597k | (-28k) |
| 2018 NOV | : | 606k | (+9k/-19k) |
| 2018 DEC | : | 580k | (-26k/-45k) |
| - | - |
| 2019 JAN | : | 628k | (+48k/+3k) |
| 2019 FEB | : | 666k | (+38k) |
| 2019 MAR | : | 677k | (+11k) |
| 2019 APR | : | 706k | (+29k) |
| 2019 MAY | : | 670k | (-36k) |
| 2019 JUNE | : | 709k | (+39k/+3k) |
| 2019 JULY | : | 712k | (+3k) |
| 2019 AUG | : | 720k | (+8k) |
| 2019 SEPT | : | 725k | (+5k) |
| 2019 OCT | : | 753k | (+28k) <- Crossed 750k |
| 2019 NOV | : | 777k | (+24k) |
| 2019 DEC | : | 798k | (+21k) |
| - | - |
| 2020 JAN | : | 809k | (+11k) |
| 2020 FEB | : | 780k | (-29k) |
| 2020 MAR | : | 700k | (-80k/-109k) |
| 2020 APR | : | 762k | (+62k/-47k) |
| 2020 MAY | : | 818k | (+56k/+8k) |
| 2020 JUNE | : | 840k | (+22k) |
| 2020 JULY | : | 884k | (+44k) |
| 2020 AUG | : | 1.002mm | (+118k) |
| 2020 SEP | : | 979k | (-23k/-23k) |
| 2020 OCT | : | 971k | (-8k/-31k) |
| 2020 NOV | : | 1.058mm | (+87k) |
| 2020 DEC | : | 1.100mm | (+42k) |
| - | - |
| 2021 JAN | : | 1.100mm | (+0k) |
| 2021 FEB | : | 1.140mm | (+40k) |
| 2021 MAR | : | 1.165mm | (+25k) |
| 2021 APR | : | 1.202mm | (+37k) |
| 2021 MAY | : | 1.209mm | (+7k) |
| 2021 JUNE | : | 1.243mm | (+34k) |
| 2021 JULY | : | 1.266mm | (+23k) |
| 2021 AUG | : | 1.307mm | (+41k) |
| 2021 SEPT | : | 1.281mm | (-26k/-26k)[/b] |
| 2021 OCT | : | 1.340mm | (+59k) |
| 2021 NOV | : | 1.330mm | (-10k/-10k)[/b] |
| 2021 DEC | : | 1.374mm | (+44k) |
| 2015 DEC | : | 252k | |
| 2016 DEC | : | 368k | |
| 2017 DEC | : | 534k | |
| 2018 DEC | : | 580k | |
| 2019 DEC | : | 798k | |
| 2020 DEC | : | 1.100mm | (+302k) |
| 2021 DEC | : | 1.374mm | (+274k) |
| 2022 DEC | : | 1.318mm | (-56k) |
| - | - |
| 2023 DEC | : | 1.615mm | (+297k) |
I've really been in a habit over these last 2-3 years of checking in on threads, replying only occasionally, and updating this thread 1-2x a year at most now.
2023 has easily been my most expensive year, we picked up a Model Y Performance (50k~), got a new AC and Furnace(18k~), we got a Spa(20k~) and a few other hobbies of mine cost another 10-20k. Still, we have a good HHI of 270+k and even though we did somewhat foolishly liquidate some of a taxable account to cover these costs, we've basically refilled it from income already (mostly). Taxes might take a bit of a hit though.
Overall, life is good, breaking 1.6MM in net worth. We're still targeting around 2.5MM for normal/fatish FIRE which is 80k a year + a paid off house. I'm 33, and thinking this should be doable if the market cooperates sometime around when I am 40. That might even be conservative but, life happens. If the market repeats 2023, we could do it in as little as 3 years, which seems insane, and unlikely.
Unrelated to financial health, thanks to the miracle of modern medicine, I have my weight much more under control. Down 50lbs! I need to get back into lifting weights though. Maybe that's a 2024 goal.
Glad to see everyone is still chiming in! Happy new year and have a great 2024!
-
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
7/1/2023 - 1.48m
10/1/2023 - 1.40m
1/1/2024 - 1.55m
Wow, what an incredible quarter! New net worth high for us, despite our highest spend year ever (by a long shot).
Glad to see you're still running hot!
You'll have to see my update, but I am with you on the BLOWIN CASH action in 2023.
2024 my only resolution is to chill the **** out and get back to saving some serious cash haha.
-
Unrelated to financial health, thanks to the miracle of modern medicine, I have my weight much more under control. Down 50lbs! I need to get back into lifting weights though. Maybe that's a 2024 goal.
Nice!
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 - 1.18m
10/1/2022 - 1.13m
1/1/2023 - 1.25m
4/1/2023 - 1.39m
7/1/2023 - 1.48m
10/1/2023 - 1.40m
1/1/2024 - 1.55m
Wow, what an incredible quarter! New net worth high for us, despite our highest spend year ever (by a long shot).
Glad to see you're still running hot!
You'll have to see my update, but I am with you on the BLOWIN CASH action in 2023.
2024 my only resolution is to chill the **** out and get back to saving some serious cash haha.
Thanks, you too! It's incredible to me that we saved virtually $0 this year and yet our net worth went up $300k. Definitely aiming for a chill 2024 as well!
-
Just did our year-end tally: our net worth increased over $500k, from 1.4M to 1.9M. We contributed $158k over the course of the year and had over $350k in investment returns .
I did not think when we started at $1.39M that we'd end the year so close to 2M!!
Cheers to everyone who is celebrating a fantastic 4th quarter (and year).
Total Net Worth:
| Month | 2022 | 2023 | 2024 |
| January | $1,467,082 | $1,504,623 | — |
| February | $1,441,952 | $1,476,669 | — |
| March | $1,487,431 | $1,517,419 | — |
| April | $1,382,818 | $1,568,736 | — |
| May | $1,396,518 | $1,576,460 | — |
| June | $1,304,137 | $1,682,624 | — |
| July | $1,401,307 | $1,753,584 | — |
| August | $1,355,802 | $1,735,024 | — |
| September | $1,247,508 | $1,667,015 | — |
| October | $1,340,992 | $1,625,971 | — |
| November | $1,450,555 | $1,801,365 | — |
| December | $1,396,664 | $1,910,966 | — |
-
Some ill timed account shuffling (initiated right before the surge) caused a significant amount of money to not be subjected to massive gains :-/
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 | $1,139,972 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 | - |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 | - |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 | - |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 | - |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 | - |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 | - |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 | - |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | $1,057,189 | - |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | $1,011,786 | - |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | $971,634 | - |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | $1,079,203 | - |
-
Big quarter for us. Closed on selling our house for asking price and moved towns, we are now renters with ZERO debt. Have a big cash cushion for a large downpayment on a new place, but will likely rent for at least a year unless a great opportunity pops up. 2nd kiddo is on the way, due soon. Expenses in 2024 are going to be sky-high with one kid in daycare and a daytime nanny.
Happy New Year everyone!
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
03/31/22 $1,079,907 $1,261,231
06/30/22 $951,010 $1,133,332
09/30/22 $932,215 $1,116,375
12/31/22 $1,037,594 $1,264,764
03/31/23 $1,169,701 $1,363,914
06/30/23 $1,259,219 $1,465,265
09/30/23 $1,253,710 $1,439,186
12/31/23 $1,422,250 $1,741,093
-
Not a bad way to finish off the year (despite only saving 189k instead of our 208k goal). Aiming for $1.5 by 12/31/2024!
Happy new year all!
01/01/21 - $400,149
03/31/21 - $458,005 (+$57,856)
06/30/21 - $517,109 (+$116,960)
09/30/21 - $563,939 (+$163,790)
12/31/21 - $603,373 (+$203,224)
01/16/22 - $601,346 (-$2,026)
03/31/22 - $646,383 (+$43,010)
06/30/22 - $638,810 (+$35,437)
10/17/22 - $672,896 (+$69,523)
12/31/22 - $736,945 (+$133,573)
01/15/23 - $758,371 (+$21,425)
01/31/23 - $773,643 (+$36,697)
02/16/23 - $783,541 (+$46,595)
02/28/23 - $811,982 (+$75,036)
03/31/23 - $842,402 (+$105,457)
04/17/23 - $851,821 (+$114,875)
04/30/23 - $858,288 (+$121,342)
05/31/23 - $889,221 (+$152,275)
06/16/23 - $934,050 (+$197,104)
07/15/23 - $957,667 (+$220,721)
08/01/23 - $978,930 (+$241,984)
08/31/23 - $985,028 (+$248,083)
10/16/23 - $988,762 (+$251,816)
11/07/23 - $1,005,005 (+$268,059)
11/30/23 - $1,044,649 (+$307,703)
12/15/23 - $1,082,396 (+$345,450)
12/31/23 - $1,102,511 (+$365,566)
-
After complaining a month or so ago that we have been bouncing around 1.6-1.7 for forever, we had a nice end of year jump to 1.9!
Now I'm actually excited that we will break 2 in early 2024 (maybe). I am celebrating by quitting my job tomorrow! (These 2 things are actually unrelated).
-
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
12/21 - $1,097,677 $1,494,954
12/22 - $889,747 $1,473,525
12/23 - $1,082,881 $1,630,610
Still not back at the high mark, but doing ok.
-
After complaining a month or so ago that we have been bouncing around 1.6-1.7 for forever, we had a nice end of year jump to 1.9!
Now I'm actually excited that we will break 2 in early 2024 (maybe). I am celebrating by quitting my job tomorrow! (These 2 things are actually unrelated).
That's quite a MayDay signal! Congratulations!
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Jan 01 2024 - 1.259M 1.221M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Almost a 200K year despite my best efforts - such is the power of Mr. Market. If the trend continues we might finally have a new high-water mark.
-
DEC 31st 2023.
Wife got a job with an investment bank so I had to consolidate a few accounts.
Looking back, when we got a huge chunk of money back from a loan, we should have dump it all in Index funds but I'm too conversative. Decided to go for the guarantee >5% instead.
We are winding down. We could FIRE now but wife wants to put in another 5 yrs and hit $2 millions. She's trying to FAT FIRE I suppose.
Rental 300,000- Paid off. Zillow has this house at $345k
Primary 246,827- Valued this house at $550k(Zillow $565k). Will sell for more.
$550k- minus selling fee and balance owed.
Assets 60,000- 3 paid off cars. Some gold in here.
HSA 48,565
IRA-roth 134,856
IRA 93,630
Inx funds 166,392
401k 29,055
Wife 401k 51998
Wife HSA 9,000
Wifes IRA 114,807
Cash 33,349-
Etrade 26090-
Vanguard- 326,924- We got a big chunk back from our loan this year and I decided to be conversative and put most of these in CDs because of the >5%. For now all CDs and VMFXX earning >5.2%
$1,641,864 - Net Worth.
$1,395,037 - Without primary home.
$1,001,192- INVESTED. We just cross this milestone this month dec 2023.
-
(Calculations include primary residence, current value of defined benefit pension plan, emergency fund and liquid retirement investments.)
November 30, 2023: $1,265,857.28
December 31, 2023: $1,375,143.79 (+$177,313.28 or 14% from December 31, 2022)
Increase is largely driven by an increase in pension valuation, aggressive payoff of our mortgage, and a buoyant market.
-
| Month | 2023 | 2024 | 2025 |
| January | - | $1,075,000 | - |
| February | - | - | - |
| March | - | - | - | - |
| April | - | - | - |
| May | - | - | - |
| June | - | - | - |
| July | - | - | - |
| August | - | - | - |
| September | $1,000,003 | - | - |
| October | $990,000 | - | - |
| November | $975,000 | - | - |
| December | $1,034,700 | - | - |
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 | $1,174,870.51 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| Aug | | $113k | $176,198.00 | $244,461.55 | $363,304.76 | $486,559.27 | $601,161.19 | $923,408.92 | $915,283.13 | $1,106,018.02 |
| Sept | | $116k | $178,840.37 | $247,101.69 | $385,572.12 | $483,967.28 | $653,037.25 | $950,899.02 | $891,457.82 | $1,086,863.98 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 | $1,043,259.18 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 | $1,022,278.77 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 | $1,112,472.28 |
Pretty solid start to the year!
-
Final data from 2023 - Month amounts are end of month.
401K/IRA/HSA and Stock/Bond Investments only
Solo numbers for historical data
End of 2011 - $119,519
End of 2012 - $182,941
Didn't track for a few years
End of 2018 - $373,648
End of 2019 - $516,500
End of 2020 - $613,300
End of 2021 - $771,504
Table is combined inherited and earned myself
| | 2022 | 2023 |
| January | - | $1,682,771 |
| February | - | $1,651,301 |
| March | - | $1,695,258 |
| April | $1,616,393 | $1,709,287 |
| May | $1,620,128 | $1,685,455 |
| June | $1,502,733 | $1,769,299 |
| July | $1,609,981 | $1,833,052 |
| August | $1,553,391 | $1,801,133 |
| September | $1,429,000 | $1,726,665 |
| October | $1,534,000 | $1,680,000* |
| November | $1,637,342 | $1,818,188 |
| December | $1,567,591 | $1,927,629 |
It's tempting to throw in the emergency fund and house updates fund, but it wouldn't *quite* get me over the line.
-
After complaining a month or so ago that we have been bouncing around 1.6-1.7 for forever, we had a nice end of year jump to 1.9!
Now I'm actually excited that we will break 2 in early 2024 (maybe). I am celebrating by quitting my job tomorrow! (These 2 things are actually unrelated).
Congratulations!
-
Stellar ending to 2023. 2024 investment contributions should be just over $100k plus another year of service into my state government pension. Turning 50YO in March will have some financial benefits as I'm now eligible for the 457b and ROTH catchup contribution limits. Everyone have a happy and healthy 2024!
LNW
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
end 2023- $1.83M
(not including 31 years into two pensions currently valued at $65k/yr starting at age 59.5)
-
Stellar ending to 2023. 2024 investment contributions should be just over $100k plus another year of service into my state government pension. Turning 50YO in March will have some financial benefits as I'm now eligible for the 457b and ROTH catchup contribution limits. Everyone have a happy and healthy 2024!
LNW
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
end 2023- $1.83M
(not including 31 years into two pensions currently valued at $65k/yr starting at age 59.5)
I'm joining the old people club this year too. I just sent $8,000 to my (backdoor) Roth this morning. Those $1,000 of catchup contributions are my very first "senior benefit" lol.
-
Stellar ending to 2023. 2024 investment contributions should be just over $100k plus another year of service into my state government pension. Turning 50YO in March will have some financial benefits as I'm now eligible for the 457b and ROTH catchup contribution limits. Everyone have a happy and healthy 2024!
LNW
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
end 2023- $1.83M (not including 31 years into two pensions currently valued at $65k/yr starting at age 59.5)
I'm joining the old people club this year too. I just sent $8,000 to my (backdoor) Roth this morning. Those $1,000 of catchup contributions are my very first "senior benefit" lol.
Gotta love the ability to squirrel away extra money. The extra saving option should be available to you as of right now, even if you don't hit that round number birthday until later in the year.
-
First post in this thread since we just crossed the $1 million mark last week in investible assets/cash. Took 8 years of very aggressive saving to get here. We are now in barebones FI territory and have also downshifted to part time (Coast FI). Plan is to max 401k and Roth while still working and whatever is left after expenses to taxable account. At least I feel secure that compounding will be doing most of the heavy lifting from this point on. Not sure if we will ever get to $2 million as we would RE and in Fat FIRE territory by then. But, you never know!
Wanted to update since it's been a little over 2 years since I posted this and some changes to our life situation. My wife was forced back into full time work by her employer at the end of 2021 and even though I've switched to part-time, my income has stayed the same as if I was full time. Because of this, our income is at its highest the past few years and we've also invested more outside of our retirement accounts. Even though 2022 wasn't good to our net worth, we've managed to stay afloat.
LNW TNW
Dec 2021: $1.1m $1.65m
Dec 2022: $1.0m $1.56m
Jun 2023: $1.25m $1.83m
Our expenses the past few years have also been higher than normal. We've had to replace old appliances and put in a new ductless AC/heat pump to replace our old HVAC. I said back in 2021 that we probably won't get past $2 million since we may RE before we reach it, but based on our current trajectory and our willing to put up with work in the intermediate term (3-5 years), we will probably end up going past that number. Good problem to have, I suppose.
LNW TNW
Dec 2023: $1.4m 1.95m
Hoping 2024 let's us crack $2 mil in TNW and won't be as spendy as well with our expenses. We spent nearly $60k in lumpy expenses in 2023. Goal for 2024 is to start upping our cash reserves from 3 months to 2 years. We reached FI in 2023 and since we can pull the trigger any time now, we'd like to have a huge cash cushion for emergencies in case SHTF and we are no longer working.
-
DATE INVESTMENTS + EF
Dec 2010 $137,800
Dec 2011 $145,000
Dec 2012 $179,000
Dec 2013 $199,543
Dec 2014 $221,787
Jan 2015 $247,945
May 2015 $279,652
May 2016 $328,980
Jul 2017 $417,772
Aug 2018 $491,708
Jul 2019 $617,447
Jul 2020 $727,000
Jul 2021 $935,000
Jul 2022 $877,000
Jan 2023 $930,091
Feb 2023 $964,372
Mar 2023 $950,000
Apr 2023 $977,000
May 2023 $983,545
Jun 2023 $1,002,000
Jul 2023 $1,019,263
Aug 2023 $1,060,837
Sep 2023 $1,039,989
Oct 2023 $992,000
Nov 2023 $1,032,057
Dec 2023 $1,078,425
Jan 2024 $1,110,511 ($1,320,511 TNW)
-
NW minus Primary
2014: 512K
2015: 467K
2016: 514K
2017: 632K
2018: 697K
2019: 915K
2020: 1052K
2021: 1.33M
2022: 1.47M
2023: 1.59M
Goals for 2024: Sell two more rentals. I really need to redistribute/invest funds. I have too much just sitting in money market/bank accounts. I'm thinking about buying some land. But until I have the time to enjoy it, I will probably wait.
-
We are at 1.95 TNW. Soooooo.......close.......
-
Hit the $2M TNW mark at the beginning of Jan when I checked. Hard to believe.
-
Hit the $2M TNW mark at the beginning of Jan when I checked. Hard to believe.
Congrats @wkumtrider !
-
Hit the $2M TNW mark at the beginning of Jan when I checked. Hard to believe.
That's fantastic!! Congratulations!!!! What an amazing achievement!!!!
-
End of Q4 2023 update, a little late
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)
12/29/22 $1.48M $1.26M (big house repairs and construction happening; invested ~$95K this year not including pension contributions)
3/31/23 $1.50M $1.33M (big house repairs/construction)
6/30/23 $1.53M $1.40M (just finished house work)
9/30/23 $1.53M $1.39M
12/31/23 $1.68M $1.52M
-
NW minus primary
2015 498
2016 521
2017 657
2018 643
2019 847
2020 1,073
2021 1,298
2022 1,151
2023 1,494
1/19/2024 1,508
$1.5M was my retirement goal a few years ago and just passed it for the first time today.
I am quitting my job in two months. I'm still open to remote part-time work, but am ready for more freedom.
Additional $309K home equity. Mortgage balance is $47K @ 2.625% with 4 years remaining. I turned 52 in September.
-
1/19/2024 1,508
$1.5M was my retirement goal a few years ago and just passed it for the first time today.
I am quitting my job in two months. I'm still open to remote part-time work, but am ready for more freedom.
Additional $309K home equity. Mortgage balance is $47K @ 2.625% with 4 years remaining. I turned 52 in September.
Congratulations!! Race aside, you have obviously accomplished the important part of mustachianism - taking back your life to allocate your time by your own priorities. Enjoy your transition, and good luck!
-
After aiming to become a millionaire since I was a child...
Today is the day...
Single person, mid 30's. Only made over six figures the past three years.
January 2016 - $123,343
January 2017 - $165,726
January 2018 - $252,009
January 2019 - $284,576
January 2020 - $401,812
January 2021 - $484,691
January 2022 - $653,789
January 2023 - $712,409
January 2024 - $981,133
01/20/2024 - $1,006,225
-
$1.5M was my retirement goal a few years ago and just passed it for the first time today.
I am quitting my job in two months. I'm still open to remote part-time work, but am ready for more freedom.
Additional $309K home equity. Mortgage balance is $47K @ 2.625% with 4 years remaining. I turned 52 in September.
That’s great! How long ago did you make your retirement plan? Do you have some plans for how you will spend your time after you’ve retired?
-
After aiming to become a millionaire since I was a child...
01/20/2024 - $1,006,225
Congrats, Mastrr! What are you doing to celebrate?
-
After aiming to become a millionaire since I was a child...
01/20/2024 - $1,006,225
Congrats, Mastrr! What are you doing to celebrate?
Thanks! I went out to a nice dinner with my SO. However, no one IRL (including my SO) knows about this accomplishment ha.
-
After aiming to become a millionaire since I was a child...
Today is the day...
Single person, mid 30's. Only made over six figures the past three years.
January 2016 - $123,343
January 2017 - $165,726
January 2018 - $252,009
January 2019 - $284,576
January 2020 - $401,812
January 2021 - $484,691
January 2022 - $653,789
January 2023 - $712,409
January 2024 - $981,133
01/20/2024 - $1,006,225
Welcome to the thread, @mastrr ! Hitting this financial milestone when still in your 30s is a big deal.
-
After aiming to become a millionaire since I was a child...
Today is the day...
Single person, mid 30's. Only made over six figures the past three years.
January 2016 - $123,343
January 2017 - $165,726
January 2018 - $252,009
January 2019 - $284,576
January 2020 - $401,812
January 2021 - $484,691
January 2022 - $653,789
January 2023 - $712,409
January 2024 - $981,133
01/20/2024 - $1,006,225
Welcome to the thread, @mastrr ! Hitting this financial milestone when still in your 30s is a big deal.
Thank you, happy to be here!
-
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
November 2021 - passed $1.6M
June 2023 - passed $1.7M
December 2023 - passed $1.8M
making progress!
I did not expect to be posting again so soon!
January 2024 - passed $1.9M
-
After aiming to become a millionaire since I was a child...
01/20/2024 - $1,006,225
Congrats, Mastrr! What are you doing to celebrate?
Thanks! I went out to a nice dinner with my SO. However, no one IRL (including my SO) knows about this accomplishment ha.
Congratulations! One of the best ways to stay in 7 figures is not to live like or let on that you're in 7 figures.
-
I'll join this. I never had any intention to try to hit $2M, but we'll see where the stock market takes me.
Date NW
01/25/15 - $32,000
01/25/16 - $93,000
01/25/17 - $175,000
01/25/18 - $293,000
01/25/19 - $353,000
01/25/20 - $508,000
01/25/21 - $911,000
01/25/22 - $1,029,000
01/25/23 - $1,069,000
01/25/24 - $1,430,000
Interesting to see the numbers laid out by year. I am very lucky to have a high paying tech job and also be comfortable living on less than $40K a year. I'm a safe margin beyond my FIRE number at this point, and planning to finally take the plunge and quit my day job in April.
-
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.
Wanted to check in with my past self. A lot has happened in the last 2 years. 20% market drop, recovery and slight exceeding of the old high. I rage quit a job just a few months after the old post (thank goodness for FU money!), took 14 months off thinking that was it, got another job part-time about 7 months ago that I am not so sure about but I really want us to be fully FI so my wife can be retired too (OMY...). Stache is up to $1.84M, house equity is around $450k if you believe Zillow. With an overall NW of $2.3M I could probably graduate to the next thread, but I don't view the house equity as something I will monetize. I have been squarely in the DPOYM camp, but with only 7 years of left and only ~$140k I am having second thoughts. Various calculators show very little difference in outcomes and it would be a monkey off my back to have it paid off. First world problems and all.
Planning out withdrawals and the shackles of SEPP withdrawals is still causing some moderate angst. I got where we are through slow-burn mostly pre-tax 401k savings in years prior to finding MMM, so we only about ~20% in brokerage and Roth principle that are easily accessible. SEPP for 15 years and dealing with inflation over that period is potentially problematic. It likely means doing SEPP on ~75% of the IRA balances, then adding additional layers of smaller SEPP's every handful of years or so to adjust for inflation, or just paying the penalty on the extra amount. More restrictive than I would like. After doing a deeper dive on effective ACA subsidy phase-out slope digging that marginal taxes are a near wash on any further pre-tax savings (22% federal today vs. 12% federal + 8.5% ACA "not a tax"), and I don't expect taxes can stay this low for much longer nudging me to take the 1.5% extra tax hit.
I'm really hoping the 400% FPL cliff doesn't come back, or keeping under it for ACA subsidies will add a whole other layer of hassles to dodge. Becoming an ex-pat is looking ever more desirable if just to simplify the healthcare headaches in the USA.
Basically I look back and wish my past self had done more post-tax savings. I would have less of a stache, but more flexibility in how I used it. Again, first world problems.
-
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 | $1,139,972 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 | $1,201,046 |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 | - |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 | - |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 | - |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 | - |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 | - |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 | - |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | $1,057,189 | - |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | $1,011,786 | - |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | $971,634 | - |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | $1,079,203 | - |
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
August 2023 = $1,210
September 2023 = $1,200
October 2023 = $1,179
November 2023 = $1,165
December 2023 = $1,231
January 2024 = $1,293
February 2024 = $1,305
-
Investments Only (as of 1/31/24)
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 | $1,202,797 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 | - |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 | - |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 | - |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 | - |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 | - |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | $965,972 | $1,106,098 | - |
| August | $34,251 | $95,245 | $220,293 | $353,410 | $466,936 | $686,631 | $998,422 | $912,288 | $1,086,297 | - |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | $1,039,276 | - |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | $1,006,297 | - |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | $1,105,904 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | $1,174,920 | - |
-
Investments only; Household combined.
| | 2019 ($) | 2020 ($) | 2021 ($) | 2022 ($) | 2023 ($) | 2024 ($) |
| January | - | 496,255 | 674,413 | 898,547 | 902,687 | 1,180,214 |
| February | - | 472,573 | 700,728 | 880,646 | 903,228 | - |
| March | - | 444,067 | 732,652 | 901,213 | 928,990 | - |
| April | - | 495,051 | 762,029 | 848.393 | 982,455 | - |
| May | - | 524,063 | 759,955 | 843,438 | 990,932 | - |
| June | - | 524,530 | 796,116 | 789,251 | 1,032,315 | - |
| July | 330,406 | 552,296 | 826,664 | 856,647 | 1,070,543 | - |
| August | 437,870 | 632,115 | 866,404 | 848,320 | 1,080,553 | - |
| September | 443,081 | 617,959 | 827,075 | 813,668 | 1,033,191 | - |
| October | 452,295 | 604,646 | 873,651 | 865,508 | 1,045,192 | - |
| November | 483,711 | 664,577 | 898,767 | 905,357 | 1,118,401 | - |
| December | 484,963 | 674,843 | 925,511 | 860,954 | 1,140,987 | - |
-
Meh, looking forward to next month where we find out raises/bonus... til then just chugging along.
01/01/21 - $400,149
03/31/21 - $458,005 (+$57,856)
06/30/21 - $517,109 (+$116,960)
09/30/21 - $563,939 (+$163,790)
12/31/21 - $603,373 (+$203,224)
01/16/22 - $601,346 (-$2,026)
03/31/22 - $646,383 (+$43,010)
06/30/22 - $638,810 (+$35,437)
10/17/22 - $672,896 (+$69,523)
12/31/22 - $736,945 (+$133,573)
01/15/23 - $758,371 (+$21,425)
03/31/23 - $842,402 (+$105,457)
07/15/23 - $957,667 (+$220,721)
10/16/23 - $988,762 (+$251,816)
11/07/23 - $1,005,005 (+$268,059)
12/31/23 - $1,102,511 (+$365,566)
01/31/24 - $1,117,437 (+$14,925)
-
November has been crazy. It was the most money I ever made/saved in one month ($99.5k!!). Wish I had finished the year at $1.2M lol.
Invested assets, long term savings and debts:
12/31/14 $51,962
12/31/15 $92,762
12/31/16 $163,900
12/31/17 $251,415
12/31/18 $330,093 - new job, nice retention bonus from previous job
12/31/19 $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20 $714,958
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
12/31/22 $855,784
12/31/23 $1,184,285
---
01/31/23 $930,327
02/28/23 $939,370
03/31/23 $977,364 - maxed out 401(k), started Mega Backdoor Roth
04/30/23 $991,877
05/31/23 $1,010,433 - YAY! COOKIES!
06/30/23 $1,056,937
07/31/23 $1,097,939
08/31/23 $1,082,361
09/30/23 $1,048,207
10/31/23 $1,022,188
11/30/23 $1,121,755
12/31/23 $1,184,285
01/31/24 $1,196,456
Total contributions this month: $27.6k.
Sooo close to $1.2M 🫣
-
401K/IRA/HSA and Stock/Bond Investments only
Solo numbers for historical data
End of 2011 - $119,519
End of 2012 - $182,941
Didn't track for a few years
End of 2018 - $373,648
End of 2019 - $516,500
End of 2020 - $613,300
End of 2021 - $771,504
Table is combined inherited and earned myself
| | 2022 | 2023 | 2024 |
| January | - | $1,682,771 | $1,932,150 |
| February | - | $1,651,301 | - |
| March | - | $1,695,258 | - |
| April | $1,616,393 | $1,709,287 | - |
| May | $1,620,128 | $1,685,455 | - |
| June | $1,502,733 | $1,769,299 | - |
| July | $1,609,981 | $1,833,052 | - |
| August | $1,553,391 | $1,801,133 | - |
| September | $1,429,000 | $1,726,665 | - |
| October | $1,534,000 | $1,680,000* | - |
| November | $1,637,342 | $1,818,188 | - |
| December | $1,567,591 | $1,927,629 | - |
Contributions this month were almost 5K, so the investments were mostly flat compared with the end of 2023
-
Broke $500k this month, so joining this thread. Hoping to hit $1M by 2020.
11/30/2017 - $660k
11/30/2018 - $802k
10/30/2019 - $968k
6/30/2020 $1,050
Actually made it in by December, but I think I'm here to stay now. Includes $522 in retirement +HSA, $239 in taxable, $165 in rental R/E and $124 in home equity. I track at the real estate values at cost.
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
[/quote]
OK so it was about 3.5 years from 1-2 million. It went by really fast. Have $1.1M in retirement +HSA, $570k in taxable +cash, $130k in rental equity and $240k in primary home equity.
I barely made any changes financially. Sold one rental and have just been plowing everything into index funds.
-
| | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| January | $- | $292,190 | $304,411 | $437,806 | $581,831 | $615,789 | $767,806 | $941,921 | $1,151,437 | $1,113,597 | $1,308,364 | - |
| February | $- | $332,002 | $331,197 | $162,424 | $585,663 | $662,207 | $735,649 | $961,753 | $1,139,532 | $1,106,684 | - | - |
| March | $- | $332,209 | $331,749 | $481,340 | $583,773 | $683,014 | $683,851 | $992,700 | $1,192,207 | $1,111,276 | - | - |
| April | $- | $336,743 | $260,548 | $483,994 | $582,862 | $719,849 | $734,510 | $1,031,674 | $1,118,869 | $1,151,995 | - | - |
| May | $256,131 | $338,884 | $373,153 | $483,982 | $585,929 | $701,938 | $760,661 | $1,040,313 | $1,168,159 | $1,151,995 | - | - |
| June | $258,642 | $321,529 | $377,807 | $490,951 | $590,577 | $731,170 | $777,705 | $1,059,685 | $1,052,751 | $1,193,527 | - | - |
| July | $276,381 | $320,767 | $414,764 | $503,706 | $601,024 | $721,753 | $819,352 | $1,080,029 | $1,118,581 | $1,213,501 | - | - |
| August | $296,700 | $313,896 | $405,676 | $513,111 | $606,442 | $686,503 | $860,605 | $1,140,206 | $1,081,266 | $1,205,134 | - | - |
| September | $290,244 | $301,079 | $422,204 | $525,158 | $610,690 | $698,968 | $868,597 | $1,106,086 | $1,015,876 | $1,179,956 | - | - |
| October | $274,986 | $308,291 | $413,967 | $533,760 | $585,817 | $577,615 | $868,808 | $1,182,536 | $1,065,912 | $1,165,476 | - | - |
| November | $282,762 | $308,558 | $419,572 | $549,074 | $595,773 | $620,036 | $910,235 | $1,155,707 | $1,110,997 | $1,245,955 | - | - |
| December | $292,942 | $312,281 | $431,458 | $557,941 | $575,877 | $760,501 | $940,128 | $1,195,334 | $1,077,252 | $1,298,169 | - | - |
Pretty happy with the growth. Fire target is $1.2M with just investments, but since this is actual NW, I need $1.5M to be able to pay off the mortgage and still have that left so a bit more to go. But my time target is 2029 at this point due to medical coverage for kids, so feeling goo about getting there. I guess that puts me as "coasting to FIRE" as the phase I'm in? Our stretch targeted goal if $48K a year (20% over the $40K we think our actual expenses will be) and nice to see it appears I've crossed over the point of where I make that in 12 months more months than not, so it bodes well.
-
(Calculations include primary residence, current value of defined benefit pension plan, emergency fund and liquid retirement investments.)
November 30, 2023: $1,265,857.28
December 31, 2023: $1,375,143.79 (+$177,313.28 or 14% from December 31, 2022)
January 31, 2024: $1,438,100.90
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 | $1,174,870.51 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 | $1,202,663.79 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| Aug | | $113k | $176,198.00 | $244,461.55 | $363,304.76 | $486,559.27 | $601,161.19 | $923,408.92 | $915,283.13 | $1,106,018.02 |
| Sept | | $116k | $178,840.37 | $247,101.69 | $385,572.12 | $483,967.28 | $653,037.25 | $950,899.02 | $891,457.82 | $1,086,863.98 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 | $1,043,259.18 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 | $1,022,278.77 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 | $1,112,472.28 |
Chugging along!
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,604,500
09/01/2023 - $1,582,200
10/01/2023 - $1,538,400
11/01/2023 - $1,513,300
12/01/2023 - $1,588,700
01/01/2024 - $1,646,500
02/01/2024 - $1,646,600
Whelp.......$100 just doesn't buy what it used to ;)
-
Mildly off-topic, but . . . does anyone else have big freakouts on changes to these numbers?
I'm looking at purchasing a primary residence. (Bad timing, but life happens). Intellectually, I know I'd have to put in about 14% of NW to bring the mortgage down to something reasonable, and that I should be able to refinance in a year or three. Not too bad, right?
Emotionally, the thought of taking money out of my taxable brokerage is absolutely stupefying.
I'm all twisted up. I pride myself on rationality with money, only to react so emotionally on the other side! It really highlights how much self-identity I've embroiled on this financial independence journey.
This is why I can't have nice things...
-
Mildly off-topic, but . . . does anyone else have big freakouts on changes to these numbers?
I'm looking at purchasing a primary residence. (Bad timing, but life happens). Intellectually, I know I'd have to put in about 14% of NW to bring the mortgage down to something reasonable, and that I should be able to refinance in a year or three. Not too bad, right?
Emotionally, the thought of taking money out of my taxable brokerage is absolutely stupefying.
I'm all twisted up. I pride myself on rationality with money, only to react so emotionally on the other side! It really highlights how much self-identity I've embroiled on this financial independence journey.
This is why I can't have nice things...
I remember when I bought my house well over a decade ago. I had been in my first real professional job only for one year. My wife was pregnant with #2 and we were renting a 2 bedroom/1 bath for over 5 years. We had over a quarter million dollars in student loan debt. Our down payment was probably 100% of our available cash, and our NW was wayyyyy negative.
It turned out all right. When it's time to buy, you will do so. With the stuff you learn here on this site, you'll be ahead of 99% of the pack.
Good luck.
JGS
-
No, but I would suggest a separate thread and letting this one stay on topic ;)
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Jan 01 2024 - 1.259M 1.221M
Feb 03 2024 - 1.269M 1.229M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
About 10K up for February (8K 'stache). Another month another incremental gain. Made a commitment to wife to fully fund her tIRA for 2024 at minimum - just 8 more months until we'll have fully unwound some 0% balance transfers I did in 2020 to buy discount index funds so cash flow should be very much adequate to add that and probably more later this year.
-
Just crossed the 1.4M mark for the first time.
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438
06/14/23 Cash & Investments: $1,200,739
07/28/23 Cash & Investments: $1,253,933
11/15/23 Cash & Investments: $1,260,711
12/11/23 Cash & Investments: $1,301,887
12/28/23 Cash & Investments: $1,367,990
02/02/24 Cash & Investments: $1,400,428
-
| Month | 2023 | 2024 | 2025 |
| January | - | $1,075,000 | - |
| February | - | $1,090,000 | - |
| March | - | - | - | - |
| April | - | - | - |
| May | - | - | - |
| June | - | - | - |
| July | - | - | - |
| August | - | - | - |
| September | $1,000,003 | - | - |
| October | $990,000 | - | - |
| November | $975,000 | - | - |
| December | $1,034,700 | - | - |
-
1/31/2023 1.09
2/28/2023 1.46
3/31/2023 1.49
4/30/2023 1.52
5/31/2023 1.54
6/30/2023 1.62
7/31/2023 1.68
8/31/2023 1.65
9/30/2023 1.60
10/31/2023 1.55
11/30/2023 1.69
12/31/2023 1.77
1/31/2024 1.78 (+11,188)
Almost flat, not bad, let's have a big Feb!!
-
Mildly off-topic, but . . . does anyone else have big freakouts on changes to these numbers?
I'm looking at purchasing a primary residence. (Bad timing, but life happens). Intellectually, I know I'd have to put in about 14% of NW to bring the mortgage down to something reasonable, and that I should be able to refinance in a year or three. Not too bad, right?
Emotionally, the thought of taking money out of my taxable brokerage is absolutely stupefying.
I'm all twisted up. I pride myself on rationality with money, only to react so emotionally on the other side! It really highlights how much self-identity I've embroiled on this financial independence journey.
This is why I can't have nice things...
If it makes you feel better, perhaps after your purchase you can start tracking (Investments) Liquid Net Worth / Total Net Worth including home value on your stats so that your subconscious registers that you had some value shift from one to the other.
-
New year, due for an update. Bonus from work hit which was a nice jump in the numbers. Hit $1M Liquid for the first time, which was very cool to see! Pace will be slowing down considerably as a took a significant pay cut for a more lifestyle/family-friendly job, but hey, that was kind of the whole point!
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
Aug 22: 1,011
Oct 22: 991
Nov 22: 1,026
Dec 22: 1,031
Jan 23: 1,024
May 23: 1,131 (TNW - includes EOY bonus paid in early '23); 745 (LNW)
Jul 23: 1,235 (TNW); 833 (LNW)
Aug 23: 1,228 ; 828
Sep 23: 1,228 ; 828
Oct 23: 1,221 ; 820
Nov 23: 1,282 ; 862
Dec 23: 1,350 ; 940
Jan 23: 1,409 ; 1,018
-
DEC 31 2023.
Rental 300,000- Paid off. Zillow has this house at $345k
Primary 246,827- Valued this house at $550k(Zillow $565k). Will sell for more.
$550k- minus selling fee and balance owed.
Assets 60,000- 3 paid off cars. Some gold in here.
HSA 48,565
IRA-roth 134,856
IRA 93,630
Inx funds 166,392
401k 29,055
Wife 401k 51998
Wife HSA 9,000
Wifes IRA 114,807
Cash 33,349-
Etrade 26090-
Vanguard- 326,924- We got a big chunk back from our loan this year and I decided to be conversative and put most of these in CDs because of the >5%. For now all CDs and VMFXX earning >5.2%
$1,641,864 - Net Worth.
$1,395,037 - Without primary home.
$1,001,192- INVESTED. We just cross this milestone this month dec 2023.
FEB 4 2023.
We bought a long range AWD Model Y this past month. I can honestly say I will never go back to a gas car. I'll end up trading in my CRV for another Tesla.
Rental 300,000- Paid off. Zillow has this house at $345k
Primary 248,103- Valued this house at $550k(Zillow $565k). Will sell for more.
$550k- minus selling fee and balance owed.
Assets 85,000- Bought a Tesla Model Y this month.
HSA 49,930
IRA-roth 140,052
IRA 97,229
Inx funds 172,967
401k 30,208
Wife 401k 57,886
Wife HSA 11,030
Wifes IRA 119,222
Cash 34,222
Etrade 25,882
Pension 30,120- I added this. Cash value of small pension I have.
Vanguard- 306,639- Most are all CDs and MM all over 5% interests.
$1,708,271 - Net Worth.
$1,460,168 - Without primary home.
$1,010,276- INVESTED. This intrigue me as we just cross this in Dec and in Jan, I took out $25k to buy the Tesla and yet, my invested is still $9K more than Dec.
-
...Snip
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
*Me too. $993,182. Gone before it came time document it.
-
DATE INVESTMENTS + EF
Dec 2010 $137,800
Dec 2011 $145,000
Dec 2012 $179,000
Dec 2013 $199,543
Dec 2014 $221,787
Jan 2015 $247,945
May 2015 $279,652
May 2016 $328,980
Jul 2017 $417,772 *Discovered MMM
Aug 2018 $491,708
Jul 2019 $617,447
Jul 2020 $727,000
Jul 2021 $935,000
Jul 2022 $877,000
Jan 2023 $930,091
Jul 2023 $971,263
Oct 2023 $992,000
Nov 2023 $1,032,057
Dec 2023 $1,078,425
Jan 2024 $1,110,511 ($1,320,511 TNW)
Feb 2024 $1,137,614 ($1,347,614 TNW)
-
...Snip
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
*Me too. $993,182. Gone before it came time document it.
I SO documented mine, didn't care it wasn't the end of the month.
Are you saying 2021, or this year? Mine went below and above a few times between 11/21 and 1/22, and then it was gone for good until May 2023. Now it's hopefully here to stay? Although still not "safe" from a 20% drop just yet.
It's funny, I've started counting in terms of "how much the market needs to drop to get me back under $1M" lol. A new take on "what's my number" !
-
Broke $500k this month, so joining this thread. Hoping to hit $1M by 2020.
11/30/2017 - $660k
11/30/2018 - $802k
10/30/2019 - $968k
6/30/2020 $1,050
Actually made it in by December, but I think I'm here to stay now. Includes $522 in retirement +HSA, $239 in taxable, $165 in rental R/E and $124 in home equity. I track at the real estate values at cost.
edit: do anyone think about investing differently after they get close to $1M or FI? Do people up their risk or de-risk their portfolios?
OK so it was about 3.5 years from 1-2 million. It went by really fast. Have $1.1M in retirement +HSA, $570k in taxable +cash, $130k in rental equity and $240k in primary home equity.
I barely made any changes financially. Sold one rental and have just been plowing everything into index funds.
Very very nice.
My wife went back to work "cause she wants us to hit $2 millions" before we retire.
She's thinking 5 yrs but I told her we'll hit $2 way before that.
Seeing how you went from $1 to $2 in 3.5 yrs, we should get there in 3 yrs. I told her to only plan for 3 yrs. We just pass $1.7.
-
I SO documented mine, didn't care it wasn't the end of the month.
Are you saying 2021, or this year? Mine went below and above a few times between 11/21 and 1/22, and then it was gone for good until May 2023. Now it's hopefully here to stay? Although still not "safe" from a 20% drop just yet.
It's funny, I've started counting in terms of "how much the market needs to drop to get me back under $1M" lol. A new take on "what's my number" !
Yes, hit it December 2021. Went back and looked, I did make a note in the spreadsheet, December 13th to document.
Mine went below and above a few times as well. Then... Didnt hit it again until June 2023. Just gotta stay the course, and stick to the plan!!
-
Just updated our net worth. We are at 1,999k. It’s so painful waiting for that last 1k! 😂
I may just wait until next month after payday, when we will solidly be over 2M, to check again.
-
Did a fresh roll-up this morning, sitting at $1.912M liquid. Arguably $450k of house equity, and not counting $74k of 529 college savings for the kiddo. Hopefully I will change threads shortly.
-
I've got an emergency fund/house repairs account which I don't include in my race tracking since I don't consider it a long term investment.
However, if I do include it, I've technically edged myself out of this race. Still hanging in here though, because I want to be consistent about what's being tracked.
-
Just updated our net worth. We are at 1,999k. It’s so painful waiting for that last 1k! 😂
I may just wait until next month after payday, when we will solidly be over 2M, to check again.
We did it!
Took us 7 years to get to the first M, and slightly over 4 years to get to the second M. It will probably take us a lot longer to get to the third M, because we’ve hit our number and will probably FIRE soon. Oh happy day!
-
Just updated our net worth. We are at 1,999k. It’s so painful waiting for that last 1k! 😂
I may just wait until next month after payday, when we will solidly be over 2M, to check again.
We did it!
Took us 7 years to get to the first M, and slightly over 4 years to get to the second M. It will probably take us a lot longer to get to the third M, because we’ve hit our number and will probably FIRE soon. Oh happy day!
Congrats @Freedomin5!
-
That's awesome, @Freedomin5 !!!
-
Happy Valentine's day! Finally hit the $2M.
Really can't believe it. :) Planning to FIRE in about 2-4 years, really nice to feel very secure at this point in our lives 58/60
$663,280 12/31/2014
$741,364 12/31/2015
$764,693 12/31/2016
$989,247 12/31/2017
$968,191 12/31/2018
$1,166,831 12/31/2019
$1,395,029 12/31/2020
$1,659,169 12/31/2021
$1,513,836 12/31/2022
$1,955,236 12/31/2023
$2,001,336 2/14/2023
-
Congratulations @fmzip !
-
Just updated our net worth. We are at 1,999k. It’s so painful waiting for that last 1k! 😂
I may just wait until next month after payday, when we will solidly be over 2M, to check again.
We did it!
Took us 7 years to get to the first M, and slightly over 4 years to get to the second M. It will probably take us a lot longer to get to the third M, because we’ve hit our number and will probably FIRE soon. Oh happy day!
Congratulations!!!
-
Happy Valentine's day! Finally hit the $2M.
Really can't believe it. :) Planning to FIRE in about 2-4 years, really nice to feel very secure at this point in our lives 58/60
$663,280 12/31/2014
$741,364 12/31/2015
$764,693 12/31/2016
$989,247 12/31/2017
$968,191 12/31/2018
$1,166,831 12/31/2019
$1,395,029 12/31/2020
$1,659,169 12/31/2021
$1,513,836 12/31/2022
$1,955,236 12/31/2023
$2,001,336 2/14/2023
Wow!!! That's amazing!! What fantastic progress!!!!!!
-
Congratulations @Freedomin5 and @fmzip !
-
congratulations @Freedomin5 good luck on your plans to pull the plug. @fmzip wow congrats to you too, you're moving on to the next thread. I'm looking at your numbers and doing the math on mine. Unfortunately for me I wont be joining you over in the 2 million beyond thread any time soon, but hope to see you there eventually.
-
congratulations @Freedomin5 good luck on your plans to pull the plug. @fmzip wow congrats to you too, you're moving on to the next thread. I'm looking at your numbers and doing the math on mine. Unfortunately for me I wont be joining you over in the 2 million beyond thread any time soon, but hope to see you there eventually.
Had a really good year in 2022, socked a bunch of cash away. Never would have ever dreamed on having this much. I guess it's true with what they say, first Mil is the hardest. Wish I felt a bit more secure than I do. My career may be possibly ending sooner than anticipated.....
-
Looking forward to month end as bonus will hit, with retro pay bump back to 1/1. Also got a small equity grant this year which is exciting.
Hoping 1.3mm is possible by year end, with a goal of getting to 2mm by 6/30/2026 (we'll be ~34 at that point & still a long ways off our $8-10mm target).
01/01/21 - $400,149
03/31/21 - $458,005 (+$57,856)
06/30/21 - $517,109 (+$116,960)
09/30/21 - $563,939 (+$163,790)
12/31/21 - $603,373 (+$203,224)
01/16/22 - $601,346 (-$2,026)
03/31/22 - $646,383 (+$43,010)
06/30/22 - $638,810 (+$35,437)
10/17/22 - $672,896 (+$69,523)
12/31/22 - $736,945 (+$133,573)
01/15/23 - $758,371 (+$21,425)
03/31/23 - $842,402 (+$105,457)
07/15/23 - $957,667 (+$220,721)
10/16/23 - $988,762 (+$251,816)
11/07/23 - $1,005,005 (+$268,059)
12/31/23 - $1,102,511 (+$365,566)
01/31/24 - $1,117,437 (+$14,925)
02/16/24 - $1,149,646 (+$47,135)
-
Just updated our net worth. We are at 1,999k. It’s so painful waiting for that last 1k! 😂
I may just wait until next month after payday, when we will solidly be over 2M, to check again.
We did it!
Took us 7 years to get to the first M, and slightly over 4 years to get to the second M. It will probably take us a lot longer to get to the third M, because we’ve hit our number and will probably FIRE soon. Oh happy day!
Congrats! Currently at 1.989M here, just that last little bit before we can join the graduation party...
-
Just graduated to this thread. Felt a lot bigger when I set this milestone ($1M by 40) in my 20s!
Beginning of...
2018 $246K
2019 $282K
2020 $330K
2021 $456K
2022 $654K
2023 $717K
2024 $958K - $1M as of Feb 23
-
Just updated our net worth. We are at 1,999k. It’s so painful waiting for that last 1k! 😂
I may just wait until next month after payday, when we will solidly be over 2M, to check again.
We did it!
Took us 7 years to get to the first M, and slightly over 4 years to get to the second M. It will probably take us a lot longer to get to the third M, because we’ve hit our number and will probably FIRE soon. Oh happy day!
Congrats! Currently at 1.989M here, just that last little bit before we can join the graduation party...
It’s a really nice feeling to be fully “work optional”.
-
Investments Only (as of 2/29/24)
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 | $1,202,797 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 | $1,243,768 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 | - |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 | - |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 | - |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 | - |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | $965,972 | $1,106,098 | - |
| August | $34,251 | $95,245 | $220,293 | $353,410 | $466,936 | $686,631 | $998,422 | $912,288 | $1,086,297 | - |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | $1,039,276 | - |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | $1,006,297 | - |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | $1,105,904 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | $1,174,920 | - |
1.5M net worth showed up on empower for the first time ever today. It's not real because it includes HSAs and our homes Zestimate which I know not to trust but it was still a fun number to see!
-
| Month | 2023 | 2024 | 2025 |
| January | - | $1,075,000 | - |
| February | - | $1,090,000 | - |
| March | - | $1,124,000 | - | - |
| April | - | - | - |
| May | - | - | - |
| June | - | - | - |
| July | - | - | - |
| August | - | - | - |
| September | $1,000,003 | - | - |
| October | $990,000 | - | - |
| November | $975,000 | - | - |
| December | $1,034,700 | - | - |
-
Investments only; Household combined.
| | 2019 ($) | 2020 ($) | 2021 ($) | 2022 ($) | 2023 ($) | 2024 ($) |
| January | - | 496,255 | 674,413 | 898,547 | 902,687 | 1,180,214 |
| February | - | 472,573 | 700,728 | 880,646 | 903,228 | 1,254,552 |
| March | - | 444,067 | 732,652 | 901,213 | 928,990 | - |
| April | - | 495,051 | 762,029 | 848.393 | 982,455 | - |
| May | - | 524,063 | 759,955 | 843,438 | 990,932 | - |
| June | - | 524,530 | 796,116 | 789,251 | 1,032,315 | - |
| July | 330,406 | 552,296 | 826,664 | 856,647 | 1,070,543 | - |
| August | 437,870 | 632,115 | 866,404 | 848,320 | 1,080,553 | - |
| September | 443,081 | 617,959 | 827,075 | 813,668 | 1,033,191 | - |
| October | 452,295 | 604,646 | 873,651 | 865,508 | 1,045,192 | - |
| November | 483,711 | 664,577 | 898,767 | 905,357 | 1,118,401 | - |
| December | 484,963 | 674,843 | 925,511 | 860,954 | 1,140,987 | - |
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,604,500
09/01/2023 - $1,582,200
10/01/2023 - $1,538,400
11/01/2023 - $1,513,300
12/01/2023 - $1,588,700
01/01/2024 - $1,646,500
02/01/2024 - $1,646,600
03/01/2024 - $1,697,800
-
2/28/2023 $1.46
3/31/2023 $1.49
4/30/2023 $1.52
5/31/2023 $1.54
6/30/2023 $1.62
7/31/2023 $1.68
8/31/2023 $1.65
9/30/2023 $1.60
10/31/2023 $1.55
11/30/2023 $1.69
12/31/2023 $1.77
1/31/2024 $1.78
2/29/2024 $1.87 (+82K)
Great month! Getting closer to the 2MIL!!!!!!!!!!!!!!!!!!!!!!! LET'S GO!
-
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
August 2023 = $1,210
September 2023 = $1,200
October 2023 = $1,179
November 2023 = $1,165
December 2023 = $1,231
January 2024 = $1,293
February 2024 = $1,305
March 2024 = $1,327
-
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | $222,019 | $261,809 | $403,264 | $550,326 | $775,790 | $707,881 | $988,431 |
| February | $236,831 | $286,584 | $414,417 | $555,120 | $740,206 | $754,468 | $1,005,722 |
| March | $234,104 | $303,681 | $388,201 | $577,440 | $732,898 | $751,869 | $1,066,926 |
| April | $234,452 | $314,939 | $355,475 | $606,455 | $774,258 | $781,814 | - |
| May | $241,470 | $331,080 | $398,672 | $647,810 | $714,112 | $812,967 | - |
| June | $249,398 | $320,926 | $417,280 | $654,138 | $719,842 | $822,222 | - |
| July | $253,884 | $342,700 | $424,818 | $671,808 | $668,503 | $875,635 | - |
| August | $264,666 | $354,784 | $456,512 | $693,782 | $732,736 | $907,972 | - |
| September | $276,905 | $351,842 | $491,411 | $718,331 | $709,518 | $898,165 | - |
| October | $285,986 | $360,853 | $482,214 | $700,515 | $662,362 | $865,823 | - |
| November | $267,359 | $374,706 | $475,471 | $744,130 | $698,468 | $847,225 | - |
| December | $281,461 | $391,293 | $531,137 | $754,319 | $745,704 | $930,012 | - |
I guess we should be over here now since we stayed above $1M for an entire month. Retirement accounts only. Planning to jump ship somewhere between $1.75M and $2M. While spending puts us at FIRE at $1.5M, we expect the first few years of retirement to be a bit spendy and want to have a nice buffer. Also the spouse would just feel more comfortable with a cushion... and I like spouse, so cushion it is!
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 | $1,174,870.51 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 | $1,202,663.79 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 | $1,254,741.17 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| Aug | | $113k | $176,198.00 | $244,461.55 | $363,304.76 | $486,559.27 | $601,161.19 | $923,408.92 | $915,283.13 | $1,106,018.02 |
| Sept | | $116k | $178,840.37 | $247,101.69 | $385,572.12 | $483,967.28 | $653,037.25 | $950,899.02 | $891,457.82 | $1,086,863.98 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 | $1,043,259.18 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 | $1,022,278.77 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 | $1,112,472.28 |
-
401K/IRA/HSA and Stock/Bond Investments only
Solo numbers for historical data
End of 2011 - $119,519
End of 2012 - $182,941
Didn't track for a few years
End of 2018 - $373,648
End of 2019 - $516,500
End of 2020 - $613,300
End of 2021 - $771,504
Table is combined inherited and earned myself
| | 2022 | 2023 | 2024 |
| January | - | $1,682,771 | $1,932,150 |
| February | - | $1,651,301 | $2,002,751 |
| March | - | $1,695,258 | - |
| April | $1,616,393 | $1,709,287 | - |
| May | $1,620,128 | $1,685,455 | - |
| June | $1,502,733 | $1,769,299 | - |
| July | $1,609,981 | $1,833,052 | - |
| August | $1,553,391 | $1,801,133 | - |
| September | $1,429,000 | $1,726,665 | - |
| October | $1,534,000 | $1,680,000* | - |
| November | $1,637,342 | $1,818,188 | - |
| December | $1,567,591 | $1,927,629 | - |
Officially double member of the double comma club. Riding out the rest of this work year while my youngest is on my health insurance still, but I have to admit it will be tempting to move up the retirement date if this trend continues.
-
2020 $1,019,917
APR 2021 $1,100, 966
AUG 2021 $1,200,662
JUN 2023 $1,303,602
DEC 2023 $1,405,881
About two months for a 100k increase. Noice.
FEB 2024 - $1,507,378
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Jan 01 2024 - 1.259M 1.221M
Feb 03 2024 - 1.269M 1.229M
Mar 01 2024 - 1.311M 1.261M
Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Total NW highest ever - woo! Stache $1,500 from highest ever - and with what the market is doing today, might well be there if I add it all up again tomorrow. Woo!
-
Broke 1.2mm for the first time! Seems like 1.3mm EoY goal is reasonable if the market generally behaves.
A house on our street just set the record price for our town, and another home four houses down from us just listed for 300k more than the record sale... feels a bit frothy to me, so we'll stick with our super conservative number (although you could argue we're tracking 50-80k under market).
01/01/21 - $400,149
03/31/21 - $458,005 (+$57,856)
06/30/21 - $517,109 (+$116,960)
09/30/21 - $563,939 (+$163,790)
12/31/21 - $603,373 (+$203,224)
01/16/22 - $601,346 (-$2,026)
03/31/22 - $646,383 (+$43,010)
06/30/22 - $638,810 (+$35,437)
10/17/22 - $672,896 (+$69,523)
12/31/22 - $736,945 (+$133,573)
01/15/23 - $758,371 (+$21,425)
03/31/23 - $842,402 (+$105,457)
07/15/23 - $957,667 (+$220,721)
10/16/23 - $988,762 (+$251,816)
11/07/23 - $1,005,005 (+$268,059)
12/31/23 - $1,102,511 (+$365,566)
01/31/24 - $1,117,437 (+$14,925)
02/16/24 - $1,149,646 (+$47,135)
02/29/24 - $1,212,796 (+$110,285)
-
A little early for a 1st quarter update, but I hit some nice milestones:
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 info 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 new house)
12/31/19 $1.16M $974k
2/12/20 $1.19M $1M !!!
bad, scary, viral things happened, sold first house, interior reno on new house, then back at it
8/13/21 $1.46M $1.27M
12/31/21 $1.54M $1.34M (refinanced house)
12/29/22 $1.48M $1.26M (major house repairs/construction; invested ~$95K this year not including pension contributions)
3/31/23 $1.50M $1.33M (major house repairs/construction con't)
6/30/23 $1.53M $1.40M (just finished house work)
9/30/23 $1.53M $1.39M
12/31/23 $1.68M $1.52M
2/29/24 Assets hit $2M
3/1/24 $1.78M $1.60M (FIRE'd)
-
$2.029M in total investments as of 3/1. $77k of that is a 529 for the kiddo, so I am not graduating myself until the actual retirement fund ticks over. Just $48k to go to hit that.
-
Invested assets, long term savings
and debts:
12/31/14 $51,962
12/31/15 $92,762
12/31/16 $163,900
12/31/17 $251,415
12/31/18 $330,093 - new job, nice retention bonus from previous job
12/31/19 $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20 $714,958
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
12/31/22 $855,784
12/31/23 $1,184,285 - $1M reached (again) on 05/18
---
01/31/24 $1,196,456
02/29/24 $1,249,619
Because of course I always end the month just shy of a new round number.
Total saved this month: $13,800 but the number only includes $7,150 because my 401(k) contribution on 02/29 hadn't made it to BrokerageLink yet.
-
For some reason I've never done one of these, but here we are-exactly one year to the day from when we hit 1M invested, so-I guess let's check the progress.
2/9/21 $1004483
2/9/22 $1249290 (+244807)
Holy cow! Thanks bull market and compound interest. We cracked the 100k combined income first in 2016, and this year we made it to 150k. Still working on convincing my husband that we are closer to FIRE than he thinks :)
Huh, I've not been keeping up well with this, but
2/9/23 $1142996 (-106294)
2/9/24 $1491501 (+348505)
Essentially 3 years from 1M-1.5M in investments.
TNW is 11k from 2M...when do I get to graduate to the next thread? Is there a gatekeeper who will keep me out if I try to jump?
DH is still not on board with pulling the plug, but he likes his job. On the plus side for me, he'll let me bail whenever!
-
Bartie Musa - Wow i've never seen a thread like this before, you guys are ROCKING IT! Truly motivational. Thank you for sharing.
-
05/01/14 Cash & Investments: $135,000
02/21/21 Cash & Investments: $855,000
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438
06/14/23 Cash & Investments: $1,200,739
07/28/23 Cash & Investments: $1,253,933
11/15/23 Cash & Investments: $1,260,711
12/11/23 Cash & Investments: $1,301,887
12/28/23 Cash & Investments: $1,367,990
02/02/24 Cash & Investments: $1,400,428
03/01/24 Cash & Investments: $1,452,506
I was digging through some old documents and I think the first time I ever calculated our net worth was in 2014 with $135k. That’s grown over $1.3m in less than 10 years!
-
Looks like this latest run made several folks official multimillionaires. Congrats all!
-
Hello everyone! Graduation day for us this month with my annual bonus just tipping us up and over into the two comma squad. With my 401(k) totally filled, the focus for the rest of the year is mortgage paydown.
| Year | Jan | Feb | Mar | | | Apr | May | Jun | | | Jul | Aug | Sep | | | Oct | Nov | Dec |
| 2015 | -$10k | -$10k | -$10k | | | -$10k | -$10k | -$10k | | | -$10k | -$10k | -$10k | | | -$9k | -$6k | -$5k |
| 2016 | -$3k | -$2k | -$0k | | | $1k | $3k | $4k | | | $6k | $7k | $9k | | | $9k | $11k | $13k |
| 2017 | $15k | $16k | $18k | | | $20k | $22k | $24k | | | $26k | $27k | $30k | | | $32k | $35k | $36k |
| 2018 | $45k | $44k | $53k | | | $56k | $55k | $52k | | | $63k | $62k | $65k | | | $75k | $72k | $73k |
| 2019 | $80k | $100k | $104k | | | $108k | $119k | $126k | | | $127k | $130k | $133k | | | $141k | $153k | $163k |
| 2020 | $167k | $162k | $156k | | | $187k | $196k | $208k | | | $228k | $242k | $246k | | | $252k | $287k | $303k |
| 2021 | $316k | $365k | $377k | | | $403k | $414k | $428k | | | $444k | $460k | $461k | | | $485k | $485k | $516k |
| 2022 | $489k | $567k | $586k | | | $540k | $551k | $518k | | | $566k | $564k | $535k | | | $566k | $600k | $587k |
| 2023 | $612k | $640k | $660k | | | $679k | $712k | $748k | | | $793k | $795k | $791k | | | $783k | $817k | $873k |
| 2024 | $873k | $1.000M | - | | | - | - | - | | | - | - | - | | | - | - | - |
-
@caracarn you're totally right. It's funny I noticed that +husband gains, and somehow didin't say anything about it. I am honestly surprised at how much of a benefit it has been. We've both gotten raises (same time as getting married) and decided to really lean into paying off our mortagage, which we did and then shifted all the mortage payment money and even more into investing. You're absolutely right that I could not have done this without the husband!
-
DATE INVESTMENTS + EF
Dec 2010 $137,800
Dec 2011 $145,000
Dec 2012 $179,000
Dec 2013 $199,543
Dec 2014 $221,787
Jan 2015 $247,945
May 2015 $279,652
May 2016 $328,980
Jul 2017 $417,772 *Discovered MMM
Aug 2018 $491,708
Jul 2019 $617,447
Jul 2020 $727,000
Jul 2021 $935,000
Jul 2022 $877,000
Jan 2023 $930,091
Jul 2023 $971,263
Oct 2023 $992,000
Nov 2023 $1,032,057
Dec 2023 $1,078,425
Jan 2024 $1,110,511 ($1,320,511 TNW)
Feb 2024 $1,137,614 ($1,347,614 TNW)
Mar 2024 $1,167,962 ($1,377,962 TNW)
-
Hello everyone! Graduation day for us this month with my annual bonus just tipping us up and over into the two comma squad. With my 401(k) totally filled, the focus for the rest of the year is mortgage paydown.
| Year | Jan | Feb | Mar | | | Apr | May | Jun | | | Jul | Aug | Sep | | | Oct | Nov | Dec |
| 2015 | -$10k | -$10k | -$10k | | | -$10k | -$10k | -$10k | | | -$10k | -$10k | -$10k | | | -$9k | -$6k | -$5k |
| 2016 | -$3k | -$2k | -$0k | | | $1k | $3k | $4k | | | $6k | $7k | $9k | | | $9k | $11k | $13k |
| 2017 | $15k | $16k | $18k | | | $20k | $22k | $24k | | | $26k | $27k | $30k | | | $32k | $35k | $36k |
| 2018 | $45k | $44k | $53k | | | $56k | $55k | $52k | | | $63k | $62k | $65k | | | $75k | $72k | $73k |
| 2019 | $80k | $100k | $104k | | | $108k | $119k | $126k | | | $127k | $130k | $133k | | | $141k | $153k | $163k |
| 2020 | $167k | $162k | $156k | | | $187k | $196k | $208k | | | $228k | $242k | $246k | | | $252k | $287k | $303k |
| 2021 | $316k | $365k | $377k | | | $403k | $414k | $428k | | | $444k | $460k | $461k | | | $485k | $485k | $516k |
| 2022 | $489k | $567k | $586k | | | $540k | $551k | $518k | | | $566k | $564k | $535k | | | $566k | $600k | $587k |
| 2023 | $612k | $640k | $660k | | | $679k | $712k | $748k | | | $793k | $795k | $791k | | | $783k | $817k | $873k |
| 2024 | $873k | $1.000M | - | | | - | - | - | | | - | - | - | | | - | - | - |
Welcome to the thread! So exciting to watch everyone's progress in the last year or so!
-
Thank you! It's a nice new neighborhood to be in!
-
8/1/2023 $1,078,000
9/1/2023 $1,082,000
10/1/2023 $1,063,000
11/1/2023 $1,069,000
12/1/2023 $1,103,000
Ah how nice this recent market rally has been. Was hoping to get over $1.1 before the end of the year, and I've hit that if things hold. I'd be very happy if my NW increased by $100k in a year after what felt like a very expensive year. Good luck to you all in the final month of 2023!
[/quote]
1/1/2024 $1,142,037
2/1/2024 $1,149,992
3/1/2024 $1,181,883
Life continues to be expensive and expenses roll in. At the end of the month, I don't think I'm going to be happy with the results. But I keep to the plan, socking away funds, and the market helps through the expensive months. This does include my house but I have it conservatively built in. The snowball is starting to roll and really start seeing an impact on those big market days. Waiting to hear about salary increase by early next week which might expedite this further still. I'm just shy of 10 years out from having a negative networth :)
-
Another big month!
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 | $1,139,972 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 | $1,201,046 |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 | $1,287,113 |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 | - |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 | - |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 | - |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 | - |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 | - |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | $1,057,189 | - |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | $1,011,786 | - |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | $971,634 | - |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | $1,079,203 | - |
-
Just updated our net worth. We are at 1,999k. It’s so painful waiting for that last 1k! 😂
I may just wait until next month after payday, when we will solidly be over 2M, to check again.
We did it!
Took us 7 years to get to the first M, and slightly over 4 years to get to the second M. It will probably take us a lot longer to get to the third M, because we’ve hit our number and will probably FIRE soon. Oh happy day!
Congrats! Currently at 1.989M here, just that last little bit before we can join the graduation party...
Also, very close. At 1.85M. In process of buying some lease to own rentals that will take us over 2M next week. Surpassing our March NW goal.
-
Oh so close, was really hoping to hit $2M in LNW before celebrating my 50th bday Saturday on the Big Island. Looking like I'll have to wait a bit longer...
LNW
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
2023- $1.83M
3/12/24- $1.98M
-
*Bought home in Feb 2024 - put $200k down, including downpayment in NW, remainder is liquid/investments
Mar 1, 2015 - -$9k
Feb 1, 2016 - $90k
Apr 1, 2016 - $100k
Jan 1, 2017 - $177k
Dec 1, 2017 - $187k
Jan 1, 2018 - $196k
Feb 1, 2018 - $214,462
Mar 1, 2018 - $225,651
Apr 1, 2018 - $238,764
May 1, 2018 - $251,725
June 1, 2018 - $265,145
July 1, 2018 - $272,423
Aug 1, 2018 - $277,896
Sep 1, 2018 - $298,543
Oct 1, 2018 - $296,603
Nov 1, 2018 - $288,618
Dec 1, 2018 - $304,127
Jan 1, 2019 - $294,621
Feb 1, 2019 - $326,081
Mar 1, 2019 - $354,771
Apr 1, 2019 - $384,308
May 1, 2019 - $407,770
June 1, 2019 - $404,625
July 1, 2019 - $420,082
Aug 1, 2019 - $441,976
Sep 1, 2019 - $458,940
Oct 1, 2019 - $481,915
Nov 1, 2019 - $501,937
Dec 1, 2019 - $518,283
Jan 1, 2020 - $544,655
Feb 1, 2020 - $573,474
Mar 1, 2020 - $557,410
Apr 1, 2020 - $494,414
May 1, 2020 - $572,326
June 1, 2020 - $618,048
July 1, 2020 - $600,510
Aug 1, 2020 - $659,872
Sep 1, 2020 - $704,682
Oct 1, 2020 - $696,932
Nov 1, 2020 - $694,944
Dec 1, 2020 - $782,831
Jan 1, 2021 - $823,189
Feb 1, 2021 - $846,277
Mar 1, 2021 - $891,092
Apr 1, 2021 - $903,097
May 1, 2021 - $954,334
June 1, 2021 - $973,181
June 25, 2021 - $1,000,494
July 1, 2021 - $1,002,759
Aug 1, 2021 - $1,022,662
Sep 1, 2021 - $972,952
Oct 1, 2021 - $944,614
Nov 1, 2021 - $1,036,993
Dec 1, 2021 - $1,007,306
Jan 1, 2022 - $1,049,006
Feb 1, 2022 - $1,020,265
Mar 1, 2022 - $991,144
Apr 1, 2022 - $1,053,412
May 1, 2022 - $949,710
June 1, 2022 - $955,306
July 1, 2022 - $945,090
Aug 1, 2022 - $1,027,031
Sep 1, 2022 - $1,006,388
Oct 1, 2022 - $949,870
Nov 1, 2022 - $1,024,554
Dec 1, 2022 - $1,096,536
Jan 1, 2023 - $1,048,891
Feb 1, 2023 - $1,138,646
Mar 1, 2023 - $1,134,378
Apr 1, 2023 - $1,149,801
May 1, 2023 - $1,173,561
June 1, 2023 - $1,184,619
July 1, 2023 - $1,236,477
Aug 1, 2023 - $1,268,195
Sep 1, 2023 - $1,141,753
Oct 1, 2023 - $1,173,757
Nov 1, 2023 - $1,159,177
Dec 1, 2023 - $1,233,521
Jan 1, 2024 - $1,284,058
Feb 1, 2024 - $1,322,866
Mar 1, 2024 - $1,365,079
Wow, hadn’t updated since Nov 1, 2021. Getting back in the groove. Would love to hit $1.5mm this year, but it’ll be largely dependent on the market. January last year I accepted a new position at a major pay cut for a major work life balance increase. While it’s hurt the savings, the work life balance has been very well worth it. I’m ‘thinking’ if I can save $60k/yr (reasonable) for 8 years, at 8% return, I’ll have around $3mm which will put me comfortably in FIRE territory. I would probably take the next major step back in my career at around $2.5mm-$3mm and do part time consulting work to cover our living expenses while the ‘stache continues to grow.. We’ll see what happens, the last several months is the first time I’ve started to feel more comfortable with a FIRE number..
^above assuming I can continue finding the job tolerable (and they find me tolerable)!
*also realizing that I think I need to create a more forum friendly table to document this lol.
-
*Bought home in Feb 2024 - put $200k down, including downpayment in NW, remainder is liquid/investments
January last year I accepted a new position at a major pay cut for a major work life balance increase. While it’s hurt the savings, the work life balance has been very well worth it. I’m ‘thinking’ if I can save $60k/yr (reasonable) for 8 years, at 8% return, I’ll have around $3mm which will put me comfortably in FIRE territory. I would probably take the next major step back in my career at around $2.5mm-$3mm and do part time consulting work to cover our living expenses while the ‘stache continues to grow.. We’ll see what happens, the last several months is the first time I’ve started to feel more comfortable with a FIRE number..
^above assuming I can continue finding the job tolerable (and they find me tolerable)!
*also realizing that I think I need to create a more forum friendly table to document this lol.
We are in a remarkably similar position. Very similar NW; same FIRE target, and I also very recently took a very large pay cut (approx. 50%) for a massive work-life upgrade that will dramatically slow my progress, but similarly hoping to save approx. 80k a year for the next 9 or so years and leave full time work. I also post non-forum-friendly updates. Just weird enough I had to comment lol, best of luck out there.
-
JAN 2024 NW 1.4M
Net worth flatlined for a bit as I changed jobs and dealt with the rough stock market 2022.
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
-
(Calculations include primary residence, current value of defined benefit pension plan, emergency fund and liquid retirement investments.)
November 30, 2023: $1,265,857.28
December 31, 2023: $1,375,143.79 (+$177,313.28 or 14% from December 31, 2022)
January 31, 2024: $1,438,100.90
February 29, 2024: $1,427,226.01 (future value of DB pension plan declined, but my own retirement investments rose by over $16k)
-
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
November 2021 - passed $1.6M
June 2023 - passed $1.7M
December 2023 - passed $1.8M
making progress!
I did not expect to be posting again so soon!
January 2024 - passed $1.9M
Well, it happened. It doesn’t feel like I was in this thread for all that long, but now graduating!
March 2024 - passed $2M
See you all on the other side!
-
Mid 2019 - First passed $1M
March 2020 - dropped to $840K (covid)
April 2020 - reclaimed $1M
June 2020 - passed $1.1M
August 2020 - passed $1.2M
January 2021 - passed $1.3M
April 2021 - passed $1.4M
August 2021 - passed $1.5M
November 2021 - passed $1.6M
June 2023 - passed $1.7M
December 2023 - passed $1.8M
making progress!
I did not expect to be posting again so soon!
January 2024 - passed $1.9M
Well, it happened. It doesn’t feel like I was in this thread for all that long, but now graduating!
March 2024 - passed $2M
See you all on the other side!
Congrats!
-
$2.029M in total investments as of 3/1. $77k of that is a 529 for the kiddo, so I am not graduating myself until the actual retirement fund ticks over. Just $48k to go to hit that.
Rolled things up and non-529 savings total up to $2.000422M, so I am outta here. I'll likely be back at some point...
-
$2.029M in total investments as of 3/1. $77k of that is a 529 for the kiddo, so I am not graduating myself until the actual retirement fund ticks over. Just $48k to go to hit that.
Rolled things up and non-529 savings total up to $2.000422M, so I am outta here. I'll likely be back at some point...
You may as well hang out here for a little while longer, the market euphoria is going to get crushed once genpop realizes that the "top is in" ;)
just kidding, congrats!!!
-
Well that happened a bit quicker than I anticipated. Moving on up!
LNW not including kiddos 529s
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
2023- $1.83M
3/21/24- $2.000003
-
Well that happened a bit quicker than I anticipated. Moving on up!
LNW not including kiddos 529s
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
2023- $1.83M
3/21/24- $2.000003
Sweet. Congrats! 4 years and some change to get to that 2nd mil is great. What’s your end goal?
-
Well that happened a bit quicker than I anticipated. Moving on up!
LNW not including kiddos 529s
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
2023- $1.83M
3/21/24- $2.000003
Sweet. Congrats! 4 years and some change to get to that 2nd mil is great. What’s your end goal?
Yeah this is great progress, I love it! We are at 1.5 right now, just trying to guess when we will pass 2 and looking at your numbers gives me hope.
-
Not quite sure what our end $ is quite yet. Feels to me like we're at our peak spending years with two teenagers in the house still. Guessing our expenses will go down when they eventually fly the coup? Kids and I are members of a small PNW tribe that owns a very profitable casino/hotel, gas station, smoke shop, pot shop, etc. Every year the benefits from the tribe increase and guessing soon we'll have free healthcare in addition to significant Tribal GWE payments. We're 50 and 47yo and also have two pensions currently worth about $50k/year that starting paying out at age 59.5. Every additional year I work my pension increases ~$6k/yr. My wife has to work another 4.5 years (which she is ok with) to fully vest in her work retirement plans. Honestly we're probably at our number now but are just waiting on a few things to be a bit more clearer with our expenses and revenues.
Well that happened a bit quicker than I anticipated. Moving on up!
LNW not including kiddos 529s
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
2023- $1.83M
3/21/24- $2.000003
Sweet. Congrats! 4 years and some change to get to that 2nd mil is great. What’s your end goal?
-
We contributed ~$50-$60k per year over the past 4+ years, the rest is market gains.
Well that happened a bit quicker than I anticipated. Moving on up!
LNW not including kiddos 529s
2019- $1.08M
2020- $1.35M
2021- $1.68M
2022- $1.46M
2023- $1.83M
3/21/24- $2.000003
Sweet. Congrats! 4 years and some change to get to that 2nd mil is great. What’s your end goal?
Yeah this is great progress, I love it! We are at 1.5 right now, just trying to guess when we will pass 2 and looking at your numbers gives me hope.
-
TNW in thousands (includes home equity)
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
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100
January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157
July 2023 = $1,182
August 2023 = $1,210
September 2023 = $1,200
October 2023 = $1,179
November 2023 = $1,165
December 2023 = $1,231
January 2024 = $1,293
February 2024 = $1,305
March 2024 = $1,327
April 2024 = $1,356
-
Investments only; Household combined.
| | 2019 ($) | 2020 ($) | 2021 ($) | 2022 ($) | 2023 ($) | 2024 ($) |
| January | - | 496,255 | 674,413 | 898,547 | 902,687 | 1,180,214 |
| February | - | 472,573 | 700,728 | 880,646 | 903,228 | 1,254,552 |
| March | - | 444,067 | 732,652 | 901,213 | 928,990 | 1,290,713 |
| April | - | 495,051 | 762,029 | 848.393 | 982,455 | - |
| May | - | 524,063 | 759,955 | 843,438 | 990,932 | - |
| June | - | 524,530 | 796,116 | 789,251 | 1,032,315 | - |
| July | 330,406 | 552,296 | 826,664 | 856,647 | 1,070,543 | - |
| August | 437,870 | 632,115 | 866,404 | 848,320 | 1,080,553 | - |
| September | 443,081 | 617,959 | 827,075 | 813,668 | 1,033,191 | - |
| October | 452,295 | 604,646 | 873,651 | 865,508 | 1,045,192 | - |
| November | 483,711 | 664,577 | 898,767 | 905,357 | 1,118,401 | - |
| December | 484,963 | 674,843 | 925,511 | 860,954 | 1,140,987 | - |
-
3/31/2023 1.49
4/30/2023 1.52
5/31/2023 1.54
6/30/2023 1.62
7/31/2023 1.68
8/31/2023 1.65
9/30/2023 1.60
10/31/2023 1.55
11/30/2023 1.69
12/31/2023 1.77
1/31/2024 1.78
2/29/2024 1.87
3/31/2024 1.94 (+$72k)
So close to the goal! Good month!
-
Neo Joins The Race
It feels weird joining this thread, but as of the end of 2024 Q1, we've just managed to maintain $1m in liquid assets, and our net worth is $1.234m, not including some unrealized equity in the house we're about to list and sell. So we're here now. Really. Here's my final entry in the race to $1m (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg3215431/#msg3215431).
Net Worth
1/31/2016: $254,591
...
9/30/2018: $519,994 (+17,500)
12/31/2018: $502,059 (-17,935) -3.44%
...
6/30/2023: $1,023,377 (+63,406) +6.6%
9/30/2023: $1,000,249 (-23,128) -2.3%
12/31/2023: $1,118,806 (+118,557) +11.8%
3/31/2024: $1,234,443 (+115,637) +10.3% (Editor's Note: See how VTI performed in 2024 Q1.)
Net Liquid Assets
$1,011,329 +13.5% in 2023 Q4
$1,002,875 -0.8% in 2024 Q1 Bought house, sold some stocks and a lot of bonds.
-
Neo Joins The Race
It feels weird joining this thread, but as of the end of 2024 Q1, we've just managed to maintain $1m in liquid assets, and our net worth is $1.234m, not including some unrealized equity in the house we're about to list and sell. So we're here now. Really. Here's my final entry in the race to $1m (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/msg3215431/#msg3215431).
Net Worth
1/31/2016: $254,591
...
9/30/2018: $519,994 (+17,500)
12/31/2018: $502,059 (-17,935) -3.44%
...
6/30/2023: $1,023,377 (+63,406) +6.6%
9/30/2023: $1,000,249 (-23,128) -2.3%
12/31/2023: $1,118,806 (+118,557) +11.8%
3/31/2024: $1,234,443 (+115,637) +10.3% (Editor's Note: See how VTI performed in 2024 Q1.)
Net Liquid Assets
$1,011,329 +13.5% in 2023 Q4
$1,002,875 -0.8% in 2024 Q1 Bought house, sold some stocks and a lot of bonds.
Congrats! Same, same.
-
Quarter StockBondCash +Houses
Q4 2016: $112,200 $165,800
Q1 2017: $124,300 $178,500
Q2 2017: $148,300 $203,300
Q3 2017: $160,548 $217,018
Q4 2017: $178,042 $235,102
Q1 2018: $203,082 $260,736
Q2 2018: $213,941 $272,491
Q3 2018: $223,802 $283,554
Q4 2018: $235,666 $296,330
Q1 2019: $229,947 $291,293
Q2 2019: $284,421 $346,689
Q3 2019: $315,573 $378,769
Q4 2019: $350,244 $414,376
Q1 2020: $408,250 $473,325
Q2 2020: $362,044 $428,120
Q3 2020: $457,379 $524,413
Q4 2020: $383,076 $555,858
Q1 2021: $478,879 $656,382
Q2 2021: $522,651 $704,873
Q3 2021: $575,207 $761,357
Q4 2021: $722,632 $916,172
Q1 2022: $785,909 $979,449
Q2 2022: $793,344 $1,078,999
Q3 2022: $701,136 $984,207
Q4 2022: $680,310 $898,221
Q1 2023: $766,771 $1,005,937
Q2 2023: $829,120 $1,072,293
Q3 2023: $909,213 $1,166,633
Q4 2023: $846,149 $1,120,101
Q1 2024: $977,778 $1,241,503
Q2 2024: $1,193,894 $1,327,748
Just joined! Thanks to a coincidental house sale we crossed easily into this race, though we'd have crossed over on investments alone. But easy come easy go: If we were to buy a house in the next year or three (strong chance) we might easily move back to the old race...
-
Nov-17 - 300k
May-18 - 375k
July -18 - 400k
Dec-18 - 345K - liquid 404
annual net +45k (+15%) liquid ?
Mar-19 - 415K
Jun-19 nw 444K - liquid -514K
Sep-19 nw 450K liquid 527K
dec-19 nw 490k liquid 575k
annual net +145k (+42%) liquid +171k (+42%)
mar-20 nw 374 liquid 455
Jun-20 nw 468 liquid 541
Sep-20 nw 612 liquid 573
Dec-20 nw 737 liquid 679
annual net +247k (+50%) liquid +104k (+18%)
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
annual net +329k (+45%) liquid +184k (+27%)
Mar-22 nw 1,058 liquid 817
June-22nw 962 liquid 672
Sep-22 nw 964 liquid 684
Dec-22 nw 970 liquid 671
annual net -96k (-9%) liquid -192k (-22%)
Jan-23 nw 991 liquid 719
Jun-23 nw 916 liquid 801
Jul-23 nw 957 liquid 834
dec-23 nw 940 liquid 814
Mar-24 nw 975 liquid 848
not keeping up with the market as I keep spending on medical expenses and other huge annual expenses. hopfully that'll calm down soon!!
-
Just joined! Thanks to a coincidental house sale we crossed easily into this race, though we'd have crossed over on investments alone. But easy come easy go: If we were to buy a house in the next year or three (strong chance) we might easily move back to the old race...
Oh yeah, similar path!
We did buy a new (to us) house but we got a lot of seller credits and ended up appraising for $33k more than our actual purchase price. Definitely cut into liquid while we await the sale but actually increased our net worth...
-
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | $222,019 | $261,809 | $403,264 | $550,326 | $775,790 | $707,881 | $988,431 |
| February | $236,831 | $286,584 | $414,417 | $555,120 | $740,206 | $754,468 | $1,005,722 |
| March | $234,104 | $303,681 | $388,201 | $577,440 | $732,898 | $751,869 | $1,066,926 |
| April | $234,452 | $314,939 | $355,475 | $606,455 | $774,258 | $781,814 | $1,116,852 |
| May | $241,470 | $331,080 | $398,672 | $647,810 | $714,112 | $812,967 | - |
| June | $249,398 | $320,926 | $417,280 | $654,138 | $719,842 | $822,222 | - |
| July | $253,884 | $342,700 | $424,818 | $671,808 | $668,503 | $875,635 | - |
| August | $264,666 | $354,784 | $456,512 | $693,782 | $732,736 | $907,972 | - |
| September | $276,905 | $351,842 | $491,411 | $718,331 | $709,518 | $898,165 | - |
| October | $285,986 | $360,853 | $482,214 | $700,515 | $662,362 | $865,823 | - |
| November | $267,359 | $374,706 | $475,471 | $744,130 | $698,468 | $847,225 | - |
| December | $281,461 | $391,293 | $531,137 | $754,319 | $745,704 | $930,012 | - |
What a great first quarter. Unfortunately I wrecked my car this week, rear ended on the highway. Luckily, I'm fine! Waiting on insurance to tell me if the car is totaled or not. Sigh. I appreciate that pushing toward FIRE has left us in a place where anything we end up spending on this will be at worst a minor set back. But it's still frustrating to deal with and as always, I hate spending money that I didn't expect to spend.
-
| Month | 2023 | 2024 | 2025 |
| January | - | $1,075,000 | - |
| February | - | $1,090,000 | - |
| March | - | $1,124,000 | - | - |
| April | - | $1,150,000 | - |
| May | - | - | - |
| June | - | - | - |
| July | - | - | - |
| August | - | - | - |
| September | $1,000,003 | - | - |
| October | $990,000 | - | - |
| November | $975,000 | - | - |
| December | $1,034,700 | - | - |
-
👋 new here - just graduated from the 500k-1m thread with $1,007,541!
-
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
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd
07/01/2023 - $1,565,500
08/01/2023 - $1,604,500
09/01/2023 - $1,582,200
10/01/2023 - $1,538,400
11/01/2023 - $1,513,300
12/01/2023 - $1,588,700
01/01/2024 - $1,646,500
02/01/2024 - $1,646,600
03/01/2024 - $1,697,800
04/01/2024 - $1,741,000
-
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
EQ3 2022 - 1.37M / 1.63M
EOY 2022 - 1.46M / 1.72M
EQ1 2023 - 1.55M / 1.81M
EQ2 2023 - 1.64M / 1.91M
EQ3 2023 - 1.61M / 1.88M
EOY 2023 - 1.79M / 2.06M
EQ1 2024 - 1.93M / 2.18M
This is so much easier with a bull market! I'm up in Q1 almost as much as my gross salary. It's nice.
-
Invested assets, long term savings
and debts:
12/31/14 $51,962
12/31/15 $92,762
12/31/16 $163,900
12/31/17 $251,415
12/31/18 $330,093 - new job, nice retention bonus from previous job
12/31/19 $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20 $714,958
12/31/21 $993,847 - reached $1M on 11/03 and then, well... yeah.
12/31/22 $855,784
12/31/23 $1,184,285 - reached $1M again on 05/18
---
01/31/24 $1,196,456
02/29/24 $1,249,619
03/31/24 $1,294,026 - maxed out 401(k) including catch-up.
Looks like I forgot to update this thread last month? The last couple of months have seen a HUGE increase in spending as I've bought some new furniture and home improvement/decoration stuff that I've wanted for years. Also got a new face-punchy monitor and speakers for my home office (my employer did reimburse me for about half of the monitor cost). I paid for it all with a little RSUs, a little TSLA, and my ESPP. All done now, so back to my regularly scheduled savings.
Very unmustachian, but now my home feels like... a home, and I enjoy every minute I spend in my living room, when I never spent much time there before. Work comfort and productivity are also very much improved with the new monitor and speakers (sooo many pixels! no more headset on my head for hours on end!). Am I trying to justify completely unnecessary spending? Yes. But I don't care. I'll take the face punches.
Anyway, the markets have marketed away during that time, and I'm once again ending a month right under a new milestone. lol. My 401(k) is maxed out, and I will start contributing to my mega-backdoor Roth next paycheck. Decided to play a bit with my W4 to max that out even faster, we'll see how it goes.
I'm getting really, really close to my FI number, and when I get there (probably next month, assuming no market shenanigans), I'll have about 5 years to save up for a house (goal is to be able to buy a nice one without a mortgage). That'll require good market returns, though, so it's definitely not a slam dunk at this point.
-
2007 -0.01m
2008 -0.02m
2009 -0.03m
2010 -0.03m
2011 -0.02m
2012 0.04m
2013 0.10m
2014 0.19m
2015 0.25m
2016 0.38m
2017 0.54m
2018 0.61m
2019 0.85m
2020 1.08m
2021 1.34m
2022 1.25m
2023-Q1 1.39m
2023-Q2 1.48m
2023-Q3 1.40m
2023-Q4 1.55m
2024-Q1 1.65m
Another new high for our net worth.
-
The big stock gains hit right after we joined the double comma club. I have only known monstrous growth upon hitting millionaire status. Trying to unpack how much is dividends vs growth vs contributions. I'd like to think that its totally normal to have $60k growth every month LOL
Investments only
| | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | - | $226,942 | $401,746 | $603,129 | $905,792 | $860,957 | $1,139,972 |
| February | - | $249,796 | $414,430 | $610,412 | $867,164 | $930,363 | $1,201,046 |
| March | - | $270,351 | $412,631 | $630,438 | $856,028 | $938,053 | $1,287,113 |
| April | - | $285,770 | $393,815 | $679,078 | $900,389 | $957,750 | $1,340,771 |
| May | - | $295,838 | $414,524 | $719,534 | $837,895 | $973,337 | - |
| June | $219,320 | $283,393 | $452,579 | $737,483 | $849,385 | $968,752 | - |
| July | $228,483 | $307,071 | $471,455 | $771,570 | $798,307 | $1,013,927 | - |
| August | $234,711 | $315,942 | $496,982 | $784,835 | $861,929 | $1,059,239 | - |
| September | $245,993 | $318,301 | $529,603 | $815,664 | $837,259 | $1,057,189 | - |
| October | $251,023 | $334,301 | $525,945 | $795,014 | $780,500 | $1,011,786 | - |
| November | $238,881 | $352,430 | $528,082 | $851,714 | $844,902 | $971,634 | - |
| December | $244,687 | $370,715 | $585,310 | $880,980 | $899,305 | $1,079,203 | - |
-
Crossing over from the 500k thread. Tracking total NW minus house. Updating NW quarterly as our lives are fairly stable so no reason to do it more often.
June 2017: 198.7k
September 2017: 222.1k
December 2017: 242.4k
March 2018: 263.3k
June 2018: 290.4k
September 2018: 313.7k
December 2018: 296.8k
March 2019: 346.3k
June 2019: 372.4k
September 2019: 390.4k
December 2019: 428.6k
March 2020: 371.1k
June 2020: 456.2k
September 2020: 505.5k
December 2020: 590.1k
March 2021: 644.3k
June 2021: 701.1k
September 2021: 725.9k
December 2021: 788.5k
March 2022: 782.2k
June 2022: 673.5k
September 2022: 665.9k
December 2022: 720.6k
March 2023: 794.9k
June 2023: 874.7k
September 2023: 869.6k
December 2023: 977.1k
March 2024: 1.094m
-
Welcome and congrats to the new members of this $1M-2M group! It's been a lively few months of new folks joining us here and some forum members "graduating" to the BIGS ($2M+).
2024 Q1 update
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 info 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 new house)
12/31/19 $1.16M $974k
2/12/20 $1.19M $1M !!!
bad, scary, viral things happened, sold first house, interior reno on new house, then back at it
8/13/21 $1.46M $1.27M
12/31/21 $1.54M $1.34M (refinanced house)
12/29/22 $1.48M $1.26M (major house repairs/construction; invested ~$95K this year not including pension contributions)
3/31/23 $1.50M $1.33M (major house repairs/construction con't)
6/30/23 $1.53M $1.40M (just finished house work)
9/30/23 $1.53M $1.39M
12/31/23 $1.68M $1.52M
2/29/24 Assets hit $2M
3/1/24 $1.78M $1.60M (FIRE'd)
3/31/24 $1.86M $1.66M (vac payout)
-
| Year | Jan | Feb | Mar | | | Apr | May | Jun | | | Jul | Aug | Sep | | | Oct | Nov | Dec |
| 2015 | -$10k | -$10k | -$10k | | | -$10k | -$10k | -$10k | | | -$10k | -$10k | -$10k | | | -$9k | -$6k | -$5k |
| 2016 | -$3k | -$2k | -$0k | | | $1k | $3k | $4k | | | $6k | $7k | $9k | | | $9k | $11k | $13k |
| 2017 | $15k | $16k | $18k | | | $20k | $22k | $24k | | | $26k | $27k | $30k | | | $32k | $35k | $36k |
| 2018 | $45k | $44k | $53k | | | $56k | $55k | $52k | | | $63k | $62k | $65k | | | $75k | $72k | $73k |
| 2019 | $80k | $100k | $104k | | | $108k | $119k | $126k | | | $127k | $130k | $133k | | | $141k | $153k | $163k |
| 2020 | $167k | $162k | $156k | | | $187k | $196k | $208k | | | $228k | $242k | $246k | | | $252k | $287k | $303k |
| 2021 | $316k | $365k | $377k | | | $403k | $414k | $428k | | | $444k | $460k | $461k | | | $485k | $485k | $516k |
| 2022 | $489k | $567k | $586k | | | $540k | $551k | $518k | | | $566k | $564k | $535k | | | $566k | $600k | $587k |
| 2023 | $612k | $640k | $660k | | | $679k | $712k | $748k | | | $793k | $795k | $791k | | | $783k | $817k | $873k |
| 2024 | $873k | $1.000M | $1.039M | | | - | - | - | | | - | - | - | | | - | - | - |
-
Investments Only (as of 3/31/24)
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| January | $12,964 | $53,694 | $117,156 | $286,460 | $366,568 | $554,279 | $789,070 | $1,023,691 | $954,586 | $1,202,797 |
| February | $14,893 | $57,320 | $130,755 | $284,267 | $388,104 | $530,928 | $829,754 | $1,000,887 | $947,661 | $1,243,768 |
| March | $22,065 | $71,035 | $150,924 | $291,192 | $415,305 | $575,079 | $873,947 | $1,035,654 | $971,612 | $1,308,642 |
| April | $24,785 | $75,120 | $161,757 | $306,848 | $429,917 | $529,397 | $925,944 | $962,250 | $990,639 | - |
| May | $26,931 | $87,541 | $171,174 | $317,739 | $416,867 | $573,991 | $938,401 | $935,331 | $1,002,016 | - |
| June | $29,021 | $90,964 | $191,558 | $321,370 | $458,412 | $607,523 | $952,115 | $875,560 | $1,052,128 | - |
| July | $31,341 | $93,025 | $210,018 | $339,122 | $459,062 | $630,288 | $962,887 | $965,972 | $1,106,098 | - |
| August | $34,251 | $95,245 | $220,293 | $353,410 | $466,936 | $686,631 | $998,422 | $912,288 | $1,086,297 | - |
| September | $39,854 | $97,814 | $231,801 | $361,506 | $481,531 | $669,786 | $970,317 | $837,917 | $1,039,276 | - |
| October | $42,018 | $98,335 | $242,954 | $336,674 | $499,757 | $663,596 | $1,023,332 | $895,518 | $1,006,297 | - |
| November | $45,987 | $100,344 | $256,324 | $356,143 | $528,712 | $743,883 | $1,025,096 | $918,718 | $1,105,904 | - |
| December | $49,877 | $106,390 | $265,731 | $332,761 | $548,679 | $779,415 | $1,062,376 | $896,791 | $1,174,920 | - |
-
Another great quarter. We are borderline FI and certainly lean FI. Would require taking our kids out of childcare, not contributing to their college funds and pulling 4% at 37 years old. We could move to a LCOL and be set which is nice to have as an option but not what we want to do at this time. We will likely keep working for a few more years, but plan to downshift to 4 days per week this summer.
Having options is somewhat paralyzing, we are not sure what to do! So thankful to have found the FI community back in 2017, prior to kids and lifestyle inflation (mostly childcare, diapers and $75/week of fruit).
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
03/31/22 $1,079,907 $1,261,231
06/30/22 $951,010 $1,133,332
09/30/22 $932,215 $1,116,375
12/31/22 $1,037,594 $1,264,764
03/31/23 $1,169,701 $1,363,914
06/30/23 $1,259,219 $1,465,265
09/30/23 $1,253,710 $1,439,186
12/31/23 $1,422,250 $1,741,093
03/31/24 $1,578,470 $1,879,436
-
(Calculations include primary residence, current value of defined benefit pension plan, emergency fund and liquid retirement investments.)
November 30, 2023: $1,265,857.28
December 31, 2023: $1,375,143.79 (+$177,313.28 or 14% from December 31, 2022)
January 31, 2024: $1,438,100.90
February 29, 2024: $1,427,226.01
March 31, 2024: $1,449,712.65
-
05/01/14 Cash & Investments: $135,000
02/21/21 Cash & Investments: $855,000
07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438
06/14/23 Cash & Investments: $1,200,739
07/28/23 Cash & Investments: $1,253,933
11/15/23 Cash & Investments: $1,260,711
12/11/23 Cash & Investments: $1,301,887
12/28/23 Cash & Investments: $1,367,990
02/02/24 Cash & Investments: $1,400,428
03/01/24 Cash & Investments: $1,452,506
03/31/24 Cash & Investments: $1,495,773
Just shy of the $1.5M mark. At one time I thought that would be my FIRE number, but I don't think we're quite there due to inflation and a bit of lifestyle creep. The plan for now is keep going until the $2M mark and reevaluate from there.
-
Date TotalNW Stache Only
Nov 12 2020 - 1.001M 0.953M
Jan 01 2021 - 1.061M 1.026M
Jan 01 2022 - 1.279M 1.246M
Jan 01 2023 - 1.066M 1.032M
Jan 01 2024 - 1.259M 1.221M
Feb 03 2024 - 1.269M 1.229M
Mar 01 2024 - 1.311M 1.261M
April 01 2024 - 1.358M 1.301M
Stache Highwater mark: March 29 2024 - 1.358M Total, 1.301M Stache
Hurray Mr. Market - new high water mark. That 3% withdrawal rate (I actually include this in our income when making some financial decisions, like the one to cut back to part time in 2021 - put "eh can we really afford to do this?" worries to bed well.) would now be $3,254 per month. Almost $40K annually - actually a somewhat reasonable entry-level salary in a lot of fields. And not so entry-level in some fields as well.
-
| | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Jan | | | 141,251.00 | $193,414.19 | $283,829.36 | $359,505.30 | $546,089.75 | $762,355.51 | $1,008,596.87 | $896,405.70 | $1,174,870.51 |
| Feb | | | $135,573.00 | $200,758.63 | $304,851.88 | $397,087.41 | $557,258.06 | $780,137.13 | $954,587.38 | $956,408.33 | $1,202,663.79 |
| Mar | | | $138,331.39 | $211,677.78 | $303,796.17 | $428,309.57 | $522,077.78 | $815,764.71 | $949,999.72 | $942,437.96 | $1,254,741.17 |
| Apr | | $98k | $146,788.37 | $217,643.71 | $307,682.67 | $440,342.71 | $451,185.96 | $829,307.88 | $999,856.70 | $978,864.73 | $1,303,051.03 |
| May | | $111k | $149,149.52 | $225,773.04 | $315,634.59 | $456,285.80 | $510,875.92 | $874,326.67 | $928,584.50 | $995,095.52 |
| Jun | | $112k | $161,205.21 | $232,222.09 | $337,046.55 | $441,047.77 | $551,923.37 | $878,873.50 | $916,075.45 | $998,436.27 |
| Jul | | $113k | $165,947.80 | $235,779.19 | $340,399.63 | $476,489.51 | $567,485.67 | $907,568.86 | $840,059.88 | $1,064,698.17 |
| Aug | | $113k | $176,198.00 | $244,461.55 | $363,304.76 | $486,559.27 | $601,161.19 | $923,408.92 | $915,283.13 | $1,106,018.02 |
| Sept | | $116k | $178,840.37 | $247,101.69 | $385,572.12 | $483,967.28 | $653,037.25 | $950,899.02 | $891,457.82 | $1,086,863.98 |
| Oct | | | $184,372.64 | $256,365.91 | $392,296.56 | $490,200.54 | $639,398.62 | $907,416.93 | $822,036.27 | $1,043,259.18 |
| Nov | | $120,330.91 | $181,625.28 | $266,140.14 | $370,000.25 | $501,003.17 | $637,260.06 | $963,453.56 | $886,527.53 | $1,022,278.77 |
| Dec | | $138,810.56 | $187,972.57 | $279,806.93 | $386,361.40 | $531,904.82 | $723,586.82 | $964,037.88 | $938,630.06 | $1,112,472.28 |
-
DATE INVESTMENTS + EF
Dec 2010 $137,800
Dec 2011 $145,000
Dec 2012 $179,000
Dec 2013 $199,543
Dec 2014 $221,787
Jan 2015 $247,945
May 2015 $279,652
May 2016 $328,980
Jul 2017 $417,772 *Discovered MMM
Aug 2018 $491,708
Jul 2019 $617,447
Jul 2020 $727,000
Jul 2021 $935,000
Jul 2022 $877,000
Jan 2023 $930,091
Jul 2023 $971,263
Oct 2023 $992,000
Nov 2023 $1,032,057
Dec 2023 $1,078,425
Jan 2024 $1,110,511 ($1,320,511 TNW)
Feb 2024 $1,137,614 ($1,347,614 TNW)
Mar 2024 $1,167,962 ($1,377,962 TNW)
Apr 2024 $1,192,878 ($1,402,878 TNW)
-
All time high for us too. +153k in a quarter feels wild to me. Barring the market misbehaving, maybe we can bump our initial 1.3mm EoY goal to 1.4mm.
01/01/21 - $400,149
03/31/21 - $458,005 (+$57,856)
06/30/21 - $517,109 (+$116,960)
09/30/21 - $563,939 (+$163,790)
12/31/21 - $603,373 (+$203,224)
01/16/22 - $601,346 (-$2,026)
03/31/22 - $646,383 (+$43,010)
06/30/22 - $638,810 (+$35,437)
10/17/22 - $672,896 (+$69,523)
12/31/22 - $736,945 (+$133,573)
01/15/23 - $758,371 (+$21,425)
03/31/23 - $842,402 (+$105,457)
07/15/23 - $957,667 (+$220,721)
10/16/23 - $988,762 (+$251,816)
11/07/23 - $1,005,005 (+$268,059)
12/31/23 - $1,102,511 (+$365,566)
01/31/24 - $1,117,437 (+$14,925)
02/16/24 - $1,149,646 (+$47,135)
02/29/24 - $1,212,796 (+$110,285)
03/31/24 - $1,256,463 (+$153,951)
-
Turn 44 this year and it's been about two and half years since we hit the famous 1M mark. Weird how critical I have become even while pyling a lot of $$$ like never before. A couple days ago we reached 1.5M mark again like we did at the beginning of 2022 before the big down turn.
Currently at about 1.6M and plan to be at 1.7 by the end of the year. A couple more years and I can separate from my company.
-
Jan. 1, 2016: $181.7k
Jan. 1, 2017: $249.5k
Jan. 1, 2018: $377.3k
Jan. 1, 2019: $499.2k
Jan. 1, 2020: $710.5k
Jan. 1, 2021: $1,055.8k
Jan. 1, 2022: $1,312.5k
Jan. 1, 2023: $1,349.9k
~ Jan. 1, 2024: $1,634.4k
April 1, 2024: $1,838.9k
-
Welcome and congrats to the new members of this $1M-2M group! It's been a lively few months of new folks joining us here and some forum members "graduating" to the BIGS ($2M+).
I pop back in here every so often to see how the "kids" are doing.
Y'all are doing absolutely fantastic!!!
I remember dreaming of the next thread several years ago.
Keep pushing, it gets easier as you go.
-
| Year | Jan | Feb | Mar | | | Apr | May | Jun | | | Jul | Aug | Sep | | | Oct | Nov | Dec |
| 2015 | -$10k | -$10k | -$10k | | | -$10k | -$10k | -$10k | | | -$10k | -$10k | -$10k | | | -$9k | -$6k | -$5k |
| 2016 | -$3k | -$2k | -$0k | | | $1k | $3k | $4k | | | $6k | $7k | $9k | | | $9k | $11k | $13k |
| 2017 | $15k | $16k | $18k | | | $20k | $22k | $24k | | | $26k | $27k | $30k | | | $32k | $35k | $36k |
| 2018 | $45k | $44k | $53k | | | $56k | $55k | $52k | | | $63k | $62k | $65k | | | $75k | $72k | $73k |
| 2019 | $80k | $100k | $104k | | | $108k | $119k | $126k | | | $127k | $130k | $133k | | | $141k | $153k | $163k |
| 2020 | $167k | $162k | $156k | | | $187k | $196k | $208k | | | $228k | $242k | $246k | | | $252k | $287k | $303k |
| 2021 | $316k | $365k | $377k | | | $403k | $414k | $428k | | | $444k | $460k | $461k | | | $485k | $485k | $516k |
| 2022 | $489k | $567k | $586k | | | $540k | $551k | $518k | | | $566k | $564k | $535k | | | $566k | $600k | $587k |
| 2023 | $612k | $640k | $660k | | | $679k | $712k | $748k | | | $793k | $795k | $791k | | | $783k | $817k | $873k |
| 2024 | $873k | $1.000M | $1.039M | | | - | - | - | | | - | - | - | | | - | - | - |
Congratulations!
-
Just sneaking in, and having a look around ha ha we are so close! Maybe this month :-)
Unless we decide not to add our little condo anymore in the equation
-
Just sneaking in, and having a look around ha ha we are so close! Maybe this month :-)
Unless we decide not to add our little condo anymore in the equation
Hey @dandypandys, the water is nice, the sun is warm, and we always enjoy new folks regardless of how they count their dollars! Hope to see you soon despite the recent market downward trend...
-
Haven't tracked very regularly since the new year, so updating nearly the last full year in NW. I took a job with a heavy paycut, but way better hours/balance, so progress will exist but be much slower from here on out - but hey, that was sort of freedom I was saving up for in the first place. I think my FIRE# is probably around $2.5M invested, so hopefully I cross halfway there this year. Crazy to think I had a negative net worth 7 years ago.
May 23: 1,131 (TNW - includes EOY bonus paid in early '23); 745 (LNW)
Jul 23: 1,235 (TNW); 833 (LNW)
Aug 23: 1,228 ; 828
Sep 23: 1,228 ; 828
Oct 23: 1,221 ; 820
Nov 23: 1,282 ; 862
Dec 23: 1,350 ; 940
Jan 24: 1,409 ; 1,018
Feb 24: 1,446 ; 1,065
Mar 24: 1,522 ; 1,133