*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?
@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. ;)
Quote from: iluvzbeach on November 04, 2021, 08:53:36 AM@2Birds1Stone @pasadenafr - you are both warmly welcomed into the group. Thank you 🤗Quote from: iluvzbeach on November 04, 2021, 08:53:36 AMHowever…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 TNWNov 2019 $1.02MM $1.18MMDec 2019 $1.02MM $1.24MMJan 2020 $1.11MM $1.27MMApr 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 . . .
Quote from: Zamboni on November 06, 2021, 08:54:04 PM LNW TNWNov 2019 $1.02MM $1.18MMDec 2019 $1.02MM $1.24MMJan 2020 $1.11MM $1.27MMApr 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 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.
Quote from: mies on November 07, 2021, 04:23:14 AMI 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...
Quote from: RWD on November 07, 2021, 03:27:41 PMQuote from: mies on November 07, 2021, 04:23:14 AMI 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.
Hit $1M on 8/9/18 12/31/18 $932K12/31/19 $1.26512/31/20 $1.606Random updates from this year:02/22/21 $1.70504/06/21 $1.76009/28/21 $1.832We 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!
2019 $826,4132020 $1,019,917APR 2021 $1,100, 966AUG 2021 $1,200,662
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.
Quote from: AccidentalMiser on June 07, 2021, 07:00:18 AMQuote from: AccidentalMiser on January 01, 2020, 05:11:05 PMQuote from: AccidentalMiser on March 18, 2019, 07:50:13 PMQuote from: AccidentalMiser on February 20, 2019, 07:45:09 PMHit 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 8-15-21This MMM method seems to be working!
Quote from: AccidentalMiser on January 01, 2020, 05:11:05 PMQuote from: AccidentalMiser on March 18, 2019, 07:50:13 PMQuote from: AccidentalMiser on February 20, 2019, 07:45:09 PMHit 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.
Quote from: AccidentalMiser on March 18, 2019, 07:50:13 PMQuote from: AccidentalMiser on February 20, 2019, 07:45:09 PMHit 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.
Quote from: AccidentalMiser on February 20, 2019, 07:45:09 PMHit 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.
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.
Quote from: couponvan on November 10, 2021, 12:38:10 PMThe 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.
Quote from: Extramedium on November 14, 2021, 05:45:59 PMQuote from: couponvan on November 10, 2021, 12:38:10 PMThe 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!
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 $1MMarch 2020 - dropped to $840K (covid)April 2020 - reclaimed $1MJune 2020 - passed $1.1MAugust 2020 - passed $1.2MJanuary 2021 - passed $1.3MApril 2021 - passed $1.4MAugust 2021 - passed $1.5M
Looks like it's just under 6 month since I posted last... was at $1.40M then and am now at $1.577M.
12/17 - $473,407 $697,41112/18 - $480,550 $732,10812/19 - $669,819 $943,73912/20 - $868,659 $1,159,15901/21 - $873,464 $1,163,86702/21 - $904,761 $1,197,36103/21 - $937,653 $1,230,98404/21 - $992,853 $1,288,09905/21 - $1,001,090 $1,297,83506/21 - $1,028,157 $1,326,30207/21 - $1,065,833 $1,365,25508/21 - $1,054,280 $1,354,98909/21 - $1,011,867 $1,313,68510/21 - $1,067,070 $1,367,952
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.
Just graduated to this thread!August 2016: $280kNovember 2017: $380kJuly 2018: $490kApril 2019: $541kMay 2019: $575kJanuary 2020: 625kAugust 2020: 711kDecember 2020: 830kMarch 2021: 939kJune 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)
Month Invested Networth 04/30/17 $67,858 $125,786 <---- Discovered MMM / LBYM09/30/17 $100,416 $168,105 <---- 100k Invested01/31/19 $251,061 $311,711 <---- 250k Invested06/30/20 $501,158 $573,100 <---- 500k Invested10/31/21 $1,000,117 $1,166,648 <---- 1M Invested11/30/21 $992,058 $1,139,810 I still get to hang in this thread even though my invested amount fell below 1MM right? ...RIGHT?
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.