Author Topic: Race from $1M to $2M  (Read 534087 times)

jsap819

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Re: Race from $1M to $2M
« Reply #1550 on: June 15, 2021, 05:53:58 PM »
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!

Trifle

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Re: Race from $1M to $2M
« Reply #1551 on: June 16, 2021, 05:37:08 AM »
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 !

use2betrix

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Re: Race from $1M to $2M
« Reply #1552 on: June 28, 2021, 09:18:09 AM »
(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).
« Last Edit: June 29, 2021, 03:09:24 PM by use2betrix »

TheAnonOne

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Re: Race from $1M to $2M
« Reply #1553 on: June 28, 2021, 12:01:44 PM »
Old data:
Spoiler: show

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.

OurTown

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Re: Race from $1M to $2M
« Reply #1554 on: June 30, 2021, 04:38:45 AM »
Total Net Worth (in thousands)

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

Trifle

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Re: Race from $1M to $2M
« Reply #1555 on: June 30, 2021, 04:56:40 AM »
@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!

Watchmaker

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Re: Race from $1M to $2M
« Reply #1556 on: June 30, 2021, 09:25:52 AM »
               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.

thedigitalone

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Re: Race from $1M to $2M
« Reply #1557 on: June 30, 2021, 03:18:25 PM »

                LNW         TNW   
12/2019    $0.96M     $1.43M
12/2020    $1.39M     $1.91M
...
01/2021    $1.43M     $1.96M
02/2021    $1.45M     $2.00M
03/2021    $1.50M     $2.05M
04/2021    $1.48M     $2.049M
06/2021    $1.58M     $2.29M
07/2021    $1.63M     $2.45M

We're up just shy of $500k for 2021, but $300k of that is in home equity due to the current craziness.

SEAK

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Re: Race from $1M to $2M
« Reply #1558 on: June 30, 2021, 03:53:46 PM »
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.

SAfAmBrit

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Re: Race from $1M to $2M
« Reply #1559 on: June 30, 2021, 09:07:05 PM »
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.

dreadmoose

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Re: Race from $1M to $2M
« Reply #1560 on: June 30, 2021, 09:45:43 PM »

                       2016                2017                2018                2019                2020                2021                2022               
January 
--$25,189$116,236$230,742$402,238$820,660-
February 
--$24,977$122,183$244,321$389,937$858,606--
March 
Found MMM->
-$21,759$122,763$252,749$359,271$895,439-
April 
--$15,838$129,950$263,657$441,401$977,817-
May 
-$7,447$149,174$252,690$482,281$1,236,938-
June 
-$16,623$154,992$287,639$499,025$1,273,559-
July 
-$19,048$27,638$167,846$299,427$540,432--
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

Trifle

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Re: Race from $1M to $2M
« Reply #1561 on: July 01, 2021, 03:17:06 AM »
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
« Last Edit: July 01, 2021, 03:19:38 AM by Trifele »

Bateaux

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Re: Race from $1M to $2M
« Reply #1562 on: July 01, 2021, 04:22:51 AM »
Old data:
Spoiler: show

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.

asauer

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Re: Race from $1M to $2M
« Reply #1563 on: July 01, 2021, 06:09:55 AM »
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.

YoungGranny

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Re: Race from $1M to $2M
« Reply #1564 on: July 01, 2021, 07:28:40 AM »

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 :)

RWD

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Re: Race from $1M to $2M
« Reply #1565 on: July 01, 2021, 07:45:45 AM »
2021 JUNE:1.243mm(+34k)

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.

dandarc

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Re: Race from $1M to $2M
« Reply #1566 on: July 01, 2021, 07:53:22 AM »
Date          TotalNW   Stache Only
Nov 12 2020 - 1.001M    0.953M
Jan 01 2021 - 1.061M    1.026M
Feb 01 2021 - 1.061M    1.023M
Mar 05 2021 - 1.081M    1.048M
Apr 02 2021 - 1.139M    1.099M
May 02 2021 - 1.173M    1.132M
Jun 01 2021 - 1.193M    1.147M
Jul 01 2021 - 1.218M    1.173M

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.

TheAnonOne

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Re: Race from $1M to $2M
« Reply #1567 on: July 01, 2021, 08:58:00 AM »
2021 JUNE:1.243mm(+34k)

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!

RWD

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Re: Race from $1M to $2M
« Reply #1568 on: July 01, 2021, 09:08:01 AM »
2021 JUNE:1.243mm(+34k)

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.

Blissful Biker

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Re: Race from $1M to $2M
« Reply #1569 on: July 01, 2021, 10:09:51 AM »

(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!
« Last Edit: July 01, 2021, 10:19:50 AM by Blissful Biker »

JGS1980

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Re: Race from $1M to $2M
« Reply #1570 on: July 01, 2021, 10:19:24 AM »
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

3Mer

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Re: Race from $1M to $2M
« Reply #1571 on: July 01, 2021, 11:35:12 AM »
Month End Updates

Liquid assets / Net worth

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

Hello all - Just joining you from the previous gauntlet.  Hopefully TNW stays above the entry level :-)

TheAnonOne

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Re: Race from $1M to $2M
« Reply #1572 on: July 01, 2021, 11:56:55 AM »
2021 JUNE:1.243mm(+34k)

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?

on the road

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Re: Race from $1M to $2M
« Reply #1573 on: July 01, 2021, 12:26:58 PM »
Liquid net worth

Aug 2020     $1,217K
Sep 2020     $1,260K
Oct 2020     $1,265K
Nov 2020     $1,253K
Dec 2020     $1,375K
Jan 2021     $1,428K
Feb 2021     $1,463K
Mar 2021     $1,501K
Apr 2021     $1,720K
May 2021     $1,793K
Jun 2021     $1,828K
Jul 2021     $1,841K

RWD

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Re: Race from $1M to $2M
« Reply #1574 on: July 01, 2021, 03:05:38 PM »
2021 JUNE:1.243mm(+34k)

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.

TempusFugit

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Re: Race from $1M to $2M
« Reply #1575 on: July 01, 2021, 05:04:20 PM »
                 LNW    /  TNW
EOY 2018 -  877K  / 1.02M
EOY 2019 - 1.12M / 1.275M
EOY 2020 - 1.33M / 1.5M
EQ1 2021 - 1.39M / 1.59M
EQ2 2021 - 1.50M / 1.70M

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.

use2betrix

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Re: Race from $1M to $2M
« Reply #1576 on: July 01, 2021, 05:45:35 PM »

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

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

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

July 1, 2021 - $1,002,759


Surprised I stayed above the threshold! Going to be an interesting rest of the year.

leighb

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Re: Race from $1M to $2M
« Reply #1577 on: July 01, 2021, 06:34:36 PM »

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.

Arbitrage

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Re: Race from $1M to $2M
« Reply #1578 on: July 01, 2021, 06:44:43 PM »
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
1/1/20: $1.049M / 1.531M
4/1/20: $810k / 1.278M
7/1/20: $1.042M / 1.524M
10/1/20: $1.138M / 1.641M
1/1/21: $1.370M / 1.883M
2/1/21: $1.392M / 1.914M
3/1/21: $1.451M / 1.973M
4/1/21: $1.434M / 2.010M
5/1/21: $1.476M / 2.053M
6/1/21: $1.519M / 2.086M
7/1/21: $1.510M / 2.124M

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.

Ladychips

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Re: Race from $1M to $2M
« Reply #1579 on: July 01, 2021, 07:41:29 PM »
12/16 - $360,891     $570,338
12/17 - $473,407     $697,411
12/18 - $480,550     $732,108
12/19 - $669,819     $943,739
12/20 - $868,659     $1,159,159

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

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.

caracarn

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Re: Race from $1M to $2M
« Reply #1580 on: July 02, 2021, 04:57:48 AM »
                       2014                2015                2016                2017                2018                2019                2020                2021                2022               
January$-$292,190$304,411$437,806$581,831$615,789$767,806$941,921-
February$-$332,002$331,197$162,424$585,663$662,207$735,649$961,753-
March$-$332,209$331,749$481,340$583,773$683,014$683,851$992,700-
April$-$336,743$260,548$483,994$582,862$719,849$734,510$1,031,674-
May$256,131$338,884$373,153$483,982$585,929$701,938$760,661$1,040,313-
June$258,642$321,529$377,807$490,951$590,577$731,170$777,705$1,059,685-
July$276,381$320,767$414,764$503,706$601,024$721,753$819,352--
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.

caracarn

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Re: Race from $1M to $2M
« Reply #1581 on: July 02, 2021, 05:05:41 AM »

                       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!

RWD

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Re: Race from $1M to $2M
« Reply #1582 on: July 02, 2021, 12:15:25 PM »
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

dreadmoose

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Re: Race from $1M to $2M
« Reply #1583 on: July 02, 2021, 02:20:03 PM »
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.

JGS1980

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Re: Race from $1M to $2M
« Reply #1584 on: July 02, 2021, 02:47:13 PM »
Awesome attitude Dread!

duellingbanjos

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Re: Race from $1M to $2M
« Reply #1585 on: July 03, 2021, 11:22:27 PM »
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.

Enigma

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Re: Race from $1M to $2M
« Reply #1586 on: July 04, 2021, 07:40:36 AM »
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.

Icecreamarsenal

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Re: Race from $1M to $2M
« Reply #1587 on: July 05, 2021, 08:17:43 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
1/1/21: 818k
2/1/21: 860k
3/1/21: 846k
4/1/21: 887k
5/1/21: 955k
6/1/21: 1009k
7/1/21: 1050k

MikeO

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Re: Race from $1M to $2M
« Reply #1588 on: July 06, 2021, 06:58:12 AM »
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  $ $ $

Jack0Life

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Re: Race from $1M to $2M
« Reply #1589 on: July 06, 2021, 11:56:52 AM »
Quote

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.
« Last Edit: July 15, 2021, 09:24:08 AM by Jack0Life »

mizzourah2006

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Re: Race from $1M to $2M
« Reply #1590 on: July 07, 2021, 07:51:39 AM »
Jan. 2016: $181.7k
Jan. 2017: $249.5k
Jan. 2018: $377.3k
Jan. 2019: $499.2k
Jan. 2020: $710.5k

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

talltexan

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Re: Race from $1M to $2M
« Reply #1591 on: July 08, 2021, 02:17:37 PM »
Shout out to @mizzourah2006 , I married into a KC family that all pronounce the name of the state this way, it's a little jarring to my Texan ears...

ShadowRegent

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Re: Race from $1M to $2M
« Reply #1592 on: July 24, 2021, 05:21:15 AM »
1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)

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

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

7/2021 - $2,003,017

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

on the road

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Re: Race from $1M to $2M
« Reply #1593 on: July 24, 2021, 06:45:52 AM »
Way to go, @ShadowRegent - so great to see this!

montgomery212

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Re: Race from $1M to $2M
« Reply #1594 on: July 24, 2021, 11:38:33 AM »
Can't tell anyone IRL so I'll share it here -- hit $2 million NW for the first time. None is in property as I own no real estate. I'm sure it'll go above and below many times esp with market volatility so I'm going to stick around this thread. But it feels surreal, more so than $1 million. $1 million felt like some combo of a fluke and 10%+ of households get there so it's "expected." This one makes it feel like maybe it isn't a fluke, if that makes sense.

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

TempusFugit

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Re: Race from $1M to $2M
« Reply #1595 on: July 24, 2021, 01:06:56 PM »
Congrats to @ShadowRegent  and @montgomery212

JGS1980

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Re: Race from $1M to $2M
« Reply #1596 on: July 24, 2021, 01:23:24 PM »
Congrats to @ShadowRegent  and @montgomery212 !

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

WesternAugust

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Re: Race from $1M to $2M
« Reply #1597 on: July 25, 2021, 12:24:35 PM »
Hello everyone! I just hit the 1M mark this week,so I thought I would jump in here. We are early 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.

TempusFugit

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Re: Race from $1M to $2M
« Reply #1598 on: July 25, 2021, 12:56:06 PM »
Hello everyone! I just hit the 1M mark this week,so I thought I would jump in here. We are early 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.

WesternAugust

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Re: Race from $1M to $2M
« Reply #1599 on: July 26, 2021, 09:07:07 AM »
Hello everyone! I just hit the 1M mark this week,so I thought I would jump in here. We are early 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.

 

Wow, a phone plan for fifteen bucks!