Race from $1M to $2M

[dandarc]

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.

[catbend]

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!

[Extramedium]

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!

[catbend]

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.

[Turtle]

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.

[Woodro85]

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!

[OurTown]

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

[Arbitrage]

Liquid NW / Total NW

1/1/16:   $455k / 675k
1/1/17:   $555k / 822k
1/1/18:   $735k / 1.071M
1/1/19:   $765k / 1.152M
1/1/20:   $1.049M / 1.531M
1/1/21:   $1.370M / 1.883M
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.

[2Birds1Stone]

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

[turketron]

		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!

[Turtle]

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.

[dandarc]

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.

[on the road]

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

[bigote2032]

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 :)

[jnw]

Lol are there any race to $100K threads? :)  Net worth is only $86K :P

Congrats to y'all though :)

[srrb]

---

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.

[Arbitrage]

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!!/

[on the road]

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!

[Extramedium]

---

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.

[JGS1980]

---

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.

[srrb]

---

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".

[pamplemusique]

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).

[talltexan]

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.

[catbend]

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!

[catbend]

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!

[catbend]

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!

[OurTown]

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

[OurTown]

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! 

[2Birds1Stone]

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

[bigote2032]

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!

[SEAK]

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

[BiggerFishToFI]

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   

[JGS1980]

Quarterly Update:

July-18     $704,760.25 (+54,904)
Oct-18      $768,090.42 (+63,330)
Jan-19      $761,423.60 (-06,666 for the quarter, +144,285 for the year)
April-19    $865,799.27 (+104,376)
July-19     $930,912.06 (+65,112)
Oct-19     $958,784.74 (+27,872)
Jan-20     $1,094,606 (+135,821 for the quarter, +333,183 for the year)
April-20   $931,456 (-163,150 for the quarter)
July-20    $1,128,599 (+197,143)
Oct-20     $1,233,581 (+104,981) *Milestone reached -over 1 million in liquid investments.
Jan-21     $1,468,865 (+235,284 for the quarter, +374,258 for the year))
April-21   $1,594,119 (+125,254)
July-21    $1,714,855 (+120,736)
Oct-21     $1,729,455 (+14,599)
Jan-22     $1,920,469 (+191,014 for the quarter, +451,604 for the year)
April-22   $1,864,657 (-$55,812)
July-22    $1,680,190 (-184,167)
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

[Arbitrage]

Liquid NW / Total NW

1/1/16:   $455k / 675k
1/1/17:   $555k / 822k
1/1/18:   $735k / 1.071M
1/1/19:   $765k / 1.152M
1/1/20:   $1.049M / 1.531M
1/1/21:   $1.370M / 1.883M
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

[TempusFugit]

                 LNW    /  TNW
EOY 2018 -  877K  / 1.02M
EOY 2019 - 1.12M / 1.275M
EOY 2020 - 1.33M / 1.5M
EQ1 2021 - 1.39M / 1.59M
EQ2 2021 - 1.50M / 1.70M
EQ3 2021 - 1.53M / 1.73M
EOY 2021 - 1.65M / 1.85M
EQ1 2022 - 1.58M / 1.79M   
EQ2 2022 - 1.42M / 1.68M
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. 

[dandarc]

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.

[on the road]

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

[turketron]

		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!

[ToughMother]

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)

[RWD]

10/1/2020 - 0.96m
1/1/2021 - 1.08m
4/1/2021 - 1.17m
7/1/2021 - 1.25m
10/1/2021 - 1.26m
1/1/2022 - 1.34m
4/1/2022 - 1.31m
7/1/2022 - 1.18m
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...

[MrsSpendyPants]

I have been hovering in the 1.9m for two months now (tnw).  So close…

[caracarn]

	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.

[Turtle]

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.

[Kevin Aster Tin Obin]

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?

[PathtoFIRE]

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.

[Turtle]

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. 


 

[Arbitrage]

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. 

[dividendman]

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.

[WesternAugust]

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!

[leighb]

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.