Author Topic: Race from $1M to $2M (Read 484057 times)

on the road · « **Reply #2150 on:** April 01, 2023, 02:31:01 PM »

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 · « **Reply #2151 on:** April 01, 2023, 04:14:28 PM »

	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 · « **Reply #2152 on:** April 02, 2023, 12:54:15 PM »

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 · « **Reply #2153 on:** April 06, 2023, 08:31:40 PM »

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 · « **Reply #2154 on:** April 08, 2023, 07:06:47 PM »

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

caracarn · « **Reply #2155 on:** April 11, 2023, 06:46:10 AM »

	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	-	-

[/quote]

Pretty happy with how things are holding into the new year.

Turtle · « **Reply #2156 on:** April 13, 2023, 11:54:57 AM »

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 · « **Reply #2157 on:** April 14, 2023, 11:19:30 AM »

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 · « **Reply #2158 on:** April 14, 2023, 01:10:03 PM »

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 · « **Reply #2159 on:** April 14, 2023, 03:24:28 PM »

Quote from: Kevin Aster Tin Obin on April 14, 2023, 11:19:30 AM

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 · « **Reply #2160 on:** April 17, 2023, 12:00:28 PM »

Quote from: Kevin Aster Tin Obin on April 14, 2023, 11:19:30 AM

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 · « **Reply #2161 on:** April 19, 2023, 09:41:27 AM »

Quote from: Arbitrage on April 17, 2023, 12:00:28 PM

Quote from: Kevin Aster Tin Obin on April 14, 2023, 11:19:30 AM
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 · « **Reply #2162 on:** April 20, 2023, 08:23:38 PM »

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 · « **Reply #2163 on:** April 21, 2023, 08:47:09 AM »

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.

MrsSpendyPants · « **Reply #2164 on:** April 23, 2023, 07:50:20 PM »

TNW 1,985,000
TNW - house equity 1,310,000

Maybe the market will be good this week

OurTown · « **Reply #2165 on:** April 28, 2023, 05:44:30 AM »

April 2021 = $1,004
May 2021 = $1,070
June 2021 = $1,054
July 2021 = $1,070
August 2021 = $1,088
September 2021 = $1,104
October 2021 = $1,083
November 2021 = $1,116
December 2021 = $1,117

January 2022 = $1,140
February 2022 = $1,080
March 2022 = $1,110
April 2022 = $1,125
May 2022 = $1,080
June 2022 = $1,089
July 2022 = $1,045
August 2022 = $1,082
September 2022 = $1,068
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100

January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155

It's going the right direction, up 100 grand in six months. Also, just like the James Bond song from the early 80s, "It's an All Time High . . ."

Arbitrage · « **Reply #2166 on:** April 29, 2023, 09:15:57 AM »

Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
1/1/20: $1.049M / 1.531M
1/1/21: $1.370M / 1.883M
1/1/22: $1.972M / 2.252M
2/1/22: $1.916M / 2.207M
3/1/22: $1.900M / 2.189M
4/1/22: $1.915M / 2.220M
5/1/22: $1.806M / 2.134M
6/1/22: $1.827M / 2.164M
7/1/22: $1.695M / 2.066M
8/1/22: $1.809M / 2.180M
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M

2Birds1Stone · « **Reply #2167 on:** April 29, 2023, 09:23:32 AM »

01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
03/01/2022 - $1,053,800
04/01/2022 - $1,113,000
05/01/2022 - $1,155,000
06/01/2022 - $1,204,900
07/01/2022 - $1,160,100
08/01/2022 - $1,218,800
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000

turketron · « **Reply #2168 on:** May 01, 2023, 12:13:14 PM »

	2015	2016	2017	2018	2019	2020	2021	2022	2023
Jan		141,251.00	$193,414.19	$283,829.36	$359,505.30	$546,089.75	$762,355.51	$1,008,596.87	$896,405.70
Feb		$135,573.00	$200,758.63	$304,851.88	$397,087.41	$557,258.06	$780,137.13	$954,587.38	$956,408.33
Mar		$138,331.39	$211,677.78	$303,796.17	$428,309.57	$522,077.78	$815,764.71	$949,999.72	$942,437.96
Apr	$98k	$146,788.37	$217,643.71	$307,682.67	$440,342.71	$451,185.96	$829,307.88	$999,856.70	$978,864.73
May	$111k	$149,149.52	$225,773.04	$315,634.59	$456,285.80	$510,875.92	$874,326.67	$928,584.50	$995,095.52
Jun	$112k	$161,205.21	$232,222.09	$337,046.55	$441,047.77	$551,923.37	$878,873.50	$916,075.45
Jul	$113k	$165,947.80	$235,779.19	$340,399.63	$476,489.51	$567,485.67	$907,568.86	$840,059.88
Aug	$113k	$176,198.00	$244,461.55	$363,304.76	$486,559.27	$601,161.19	$923,408.92	$915,283.13
Sept	$116k	$178,840.37	$247,101.69	$385,572.12	$483,967.28	$653,037.25	$950,899.02	$891,457.82
Oct		$184,372.64	$256,365.91	$392,296.56	$490,200.54	$639,398.62	$907,416.93	$822,036.27
Nov	$120,330.91	$181,625.28	$266,140.14	$370,000.25	$501,003.17	$637,260.06	$963,453.56	$886,527.53
Dec	$138,810.56	$187,972.57	$279,806.93	$386,361.40	$531,904.82	$723,586.82	$964,037.88	$938,630.06

Sooo close! I don't count home equity or anything in my partner and my joint accounts, so if you include that I'm back over $1m, right??

on the road · « **Reply #2169 on:** May 01, 2023, 06:58:20 PM »

Liquid net worth

2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
Apr $721K $1,720K $2,111K $2,076K
May $1,092K $1,793K $1,906K $2,075K
Jun $1,828K $1,918K
Jul $1,841K $1,833K
Aug $1,217K $1,860K $1,916K
Sep $1,260K $1,906K $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K

Arbitrage · « **Reply #2170 on:** May 02, 2023, 07:43:15 AM »

Quote from: turketron on May 01, 2023, 12:13:14 PM

Sooo close! I don't count home equity or anything in my partner and my joint accounts, so if you include that I'm back over $1m, right??

No. Get out of this thread, you fraud.

Turtle · « **Reply #2171 on:** May 02, 2023, 11:18:53 AM »

Combined personal and inherited investment/retirement accounts

April 2022   1,616
May 2022   1,620
June 2022   1,503
July 2022   1,610
August 2022   1,553
Sept 2022   1,429
Oct 2022   1,534
November 2022    1,630
Year End Dec 22 1,566

January 2022   1,682
February 2023 1,651
March 2023   1,695
April 2023     1,709

rebel_quietude · « **Reply #2172 on:** May 06, 2023, 06:51:19 AM »

Quote from: on the road on May 01, 2023, 06:58:20 PM

Liquid net worth

2020 2021 2022 2023
Jan $1,428K $1,979K $1,867K
Feb $984K $1,463K $1,967K $2,005K
Mar $883K $1,501K $1,991K $1,961K
Apr $721K $1,720K $2,111K $2,076K
May $1,092K $1,793K $1,906K $2,075K
Jun $1,828K $1,918K
Jul $1,841K $1,833K
Aug $1,217K $1,860K $1,916K
Sep $1,260K $1,906K $1,892K
Oct $1,265K $1,866K $1,745K
Nov $1,253K $1,951K $1,822K
Dec $1,375K $1,911K $1,933K

CONGRATULATIONS, on the road! It's awesome to see another graduation on this thread!!!

I'm sure the market will swing you back and forth a bit, but I hope you're taking a deep breath and celebrating your accomplishment.

couponvan · « **Reply #2173 on:** May 06, 2023, 07:24:29 AM »

@Arbitrage that is impressive! The past year has been a real flatline for a bunch of us, but third time across let’s plan on it sticking!

farmecologist · « **Reply #2174 on:** May 08, 2023, 06:48:02 AM »

Quote from: dividendman on April 19, 2023, 09:41:27 AM

Quote from: Arbitrage on April 17, 2023, 12:00:28 PM
Quote from: Kevin Aster Tin Obin on April 14, 2023, 11:19:30 AM
Does liquid net worth include retirement accounts (401k)? If it does, do you take into account a 10% penalty if you had to liquidate the account? Or tracking the total account balance. And assuming you can access all the LNW at 59.5 yrs, etc?

And total NW always includes primary residence? TNW is sell "everything" and that is what you get in cash? Does it account for capital gains taxes on sale of real estate etc?

Unless you're trying to answer the question, "How much cash could I have in hand next month, with all taxes/penalties accounted for," I don't see the point in accounting for all of that. There are many ways to avoid penalties, as well as to minimize tax liability. However, as noted, it's up to you how you want to count your own NW. Despite the 'race' moniker, this is by no means a contest.

I personally don't debit any potential taxes from my stash. I do account for selling costs in my estimated house equity, since that's largely unavoidable.

I calculate my net worth monthly and discount my 401k and tIRA by 25% to take into account future taxes although I'd likely owe less than 25% of the amount when I do take the money. The vast majority of my net worth is in taxable accounts so it doesn't amount to much.

I also include known future expenses in my "liabilities" section like a home remodel we're planning. I know that's not technically good accounting for a balance sheet (which is what net worth is) but it helps me see if my spending:net worth ratio would be OK if I took all of these actions.

Hmm...of course you would include retirement accounts...lol. And there ARE ways of tapping a 401K early without penalty. Read up folks!

MrsSpendyPants · « **Reply #2175 on:** May 21, 2023, 06:55:25 PM »

Just hit 2,008,000 TNW! Still have a ways to go to be 2MM LNW but I'm taking the win.

RWD · « **Reply #2176 on:** May 21, 2023, 07:47:52 PM »

Quote from: MrsSpendyPants on May 21, 2023, 06:55:25 PM

Just hit 2,008,000 TNW! Still have a ways to go to be 2MM LNW but I'm taking the win.

Congrats!

PassMMM · « **Reply #2177 on:** May 23, 2023, 11:10:57 AM »

Update: The progress certainly feels slower when the stock market goes horizontal. Better than the expected direction moving forward I suppose...

Jan 16: -35k
Jan 17: 30k
Jan 18: 125k
Jan 19: 245k
Jan 20: 367k
Dec 20: 489k
Apr 21: 605k - large bonus + home appreciation of nearly 100k in under a year.
Oct 21: 745k
Nov 21: 778
Dec 21: 811
Jan 22: 824
Feb 22: 890 (EOY Bonus)
Mar 22: 941 (house appreciation boom)
Apr 22: 970
Aug 22: 1,011
Oct 22: 991
Nov 22: 1,026
Dec 22: 1,031
Jan 23: 1,024
May 23: 1,131 (includes EOY bonus paid in early '23)

WesternAugust · « **Reply #2178 on:** May 23, 2023, 01:07:59 PM »

Quote from: PassMMM on May 23, 2023, 11:10:57 AM

Update: The progress certainly feels slower when the stock market goes horizontal. Better than the expected direction moving forward I suppose...

Jan 16: -35k
Jan 17: 30k
Jan 18: 125k
Jan 19: 245k
Jan 20: 367k
Dec 20: 489k
Apr 21: 605k - large bonus + home appreciation of nearly 100k in under a year.
Oct 21: 745k
Nov 21: 778
Dec 21: 811
Jan 22: 824
Feb 22: 890 (EOY Bonus)
Mar 22: 941 (house appreciation boom)
Apr 22: 970
Aug 22: 1,011
Oct 22: 991
Nov 22: 1,026
Dec 22: 1,031
Jan 23: 1,024
May 23: 1,131 (includes EOY bonus paid in early '23)

We are on a similar trajectory. It’s been frustrating going backwards, then sideways for so long, but good to get back to all time high NW’s. Now we just need a deal on the debt ceiling.

WesternAugust · « **Reply #2179 on:** May 23, 2023, 01:11:51 PM »

07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
05/22/23 Cash & Investments: $1,156,053

I have a decent pension coming too. If I calculate the present value of it using immediateannuties.com we’re over the $2m mark. But I need liquid to get over $2m to pull the ripcord as pension is 13-15 years away.

PassMMM · « **Reply #2180 on:** May 24, 2023, 07:33:46 AM »

Quote from: WesternAugust on May 23, 2023, 01:07:59 PM

We are on a similar trajectory. It’s been frustrating going backwards, then sideways for so long, but good to get back to all time high NW’s. Now we just need a deal on the debt ceiling.

Frustrating indeed. Looks like you are ahead though as this is my TNW. Liquid is only approx. 700k. Seems like it's the first time in a while it feels like the odds of the market going up down or sideways all feel somewhat equally likely to me. Still practicing my set it and forget it with a little more going to high yield CDs, etc. If you're waiting on that pension 10+ years down the line to pull the plug, the near term doesn't really matter anyway. I similarly have 10-13 years left before pulling the plug (around $2.5M liquid + retirement accts goal) is very likely so who knows what the market will be then!

WesternAugust · « **Reply #2181 on:** May 25, 2023, 11:40:21 AM »

Quote from: PassMMM on May 24, 2023, 07:33:46 AM

Quote from: WesternAugust on May 23, 2023, 01:07:59 PM
We are on a similar trajectory. It’s been frustrating going backwards, then sideways for so long, but good to get back to all time high NW’s. Now we just need a deal on the debt ceiling.

Frustrating indeed. Looks like you are ahead though as this is my TNW. Liquid is only approx. 700k. Seems like it's the first time in a while it feels like the odds of the market going up down or sideways all feel somewhat equally likely to me. Still practicing my set it and forget it with a little more going to high yield CDs, etc. If you're waiting on that pension 10+ years down the line to pull the plug, the near term doesn't really matter anyway. I similarly have 10-13 years left before pulling the plug (around $2.5M liquid + retirement accts goal) is very likely so who knows what the market will be then!

I'm really hoping to jump before I'm eligible to draw the pension. I'm in a bit of an odd spot, as I currently have 23 years in my pension and it's a pretty good amount, so we'll be in good shape when I'm eligible. But we don't want to wait that long so we're going be in a spot that we'll probably "lean fire" for a few years until the pension kicks in and that will move us closer "chubby fire" territory. At least that's the plan. Fire Calc seems to think we can be in that spot in 4-5 years, but it could be as much as 7 years out. We'll see what the market gods give us.

YellowCat · « **Reply #2182 on:** May 31, 2023, 04:07:06 AM »

May 2023: $1,900,474

Inching closer every day!

OurTown · « **Reply #2183 on:** May 31, 2023, 05:31:30 AM »

April 2021 = $1,004
May 2021 = $1,070
June 2021 = $1,054
July 2021 = $1,070
August 2021 = $1,088
September 2021 = $1,104
October 2021 = $1,083
November 2021 = $1,116
December 2021 = $1,117

January 2022 = $1,140
February 2022 = $1,080
March 2022 = $1,110
April 2022 = $1,125
May 2022 = $1,080
June 2022 = $1,089
July 2022 = $1,045
August 2022 = $1,082
September 2022 = $1,068
October 2022 = $1,021
November 2022 = $1,051
December 2022 = $1,100

January 2023 = $1,089
February 2023 = $1,128
March 2023 = $1,123
April 2023 = $1,138
May 2023 = $1,155
June 2023 = $1,157

afuera · « **Reply #2184 on:** May 31, 2023, 09:15:41 AM »

Investments Only

	2015	2016	2017	2018	2019	2020	2021	2022	2023
January	$12,964	$53,694	$117,156	$286,460	$366,568	$554,279	$789,070	$1,023,691	$954,586
February	$14,893	$57,320	$130,755	$284,267	$388,104	$530,928	$829,754	$1,000,887	$947,661
March	$22,065	$71,035	$150,924	$291,192	$415,305	$575,079	$873,947	$1,035,654	$971,612
April	$24,785	$75,120	$161,757	$306,848	$429,917	$529,397	$925,944	$962,250	$990,639
May	$26,931	$87,541	$171,174	$317,739	$416,867	$573,991	$938,401	$935,331	$1,002,016
June	$29,021	$90,964	$191,558	$321,370	$458,412	$607,523	$952,115	$875,560	-
July	$31,341	$93,025	$210,018	$339,122	$459,062	$630,288	$962,887	$965,972	-
August	$34,251	$95,245	$220,293	$353,410	$466,936	$686,631	$998,422	$912,288	-
September	$39,854	$97,814	$231,801	$361,506	$481,531	$669,786	$970,317	$837,917	-
October	$42,018	$98,335	$242,954	$336,674	$499,757	$663,596	$1,023,332	$895,518	-
November	$45,987	$100,344	$256,324	$356,143	$528,712	$743,883	$1,025,096	$918,718	-
December	$49,877	$106,390	$265,731	$332,761	$548,679	$779,415	$1,062,376	$896,791	-

It took me a year and 2 months but I'm finally back in this race. Hopefully this time it will stick :)

bigote2032 · « **Reply #2185 on:** May 31, 2023, 04:47:16 PM »

1/31/2023    $1,086,347.19
2/28/2023    $1,462,233.84
3/31/2023    $1,492,865.46
4/30/2023    $1,516,786.80
5/31/2023    $1,543,270.83

Progress there is.

2Birds1Stone · « **Reply #2186 on:** May 31, 2023, 11:41:14 PM »

01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
03/01/2022 - $1,053,800
04/01/2022 - $1,113,000
05/01/2022 - $1,155,000
06/01/2022 - $1,204,900
07/01/2022 - $1,160,100
08/01/2022 - $1,218,800
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd

JGS1980 · « **Reply #2187 on:** June 01, 2023, 07:04:10 AM »

Quote from: 2Birds1Stone on May 31, 2023, 11:41:14 PM

01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
03/01/2022 - $1,053,800
04/01/2022 - $1,113,000
05/01/2022 - $1,155,000
06/01/2022 - $1,204,900
07/01/2022 - $1,160,100
08/01/2022 - $1,218,800
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd

Congrats! In that case, you have to fix your signature line.

turketron · « **Reply #2188 on:** June 01, 2023, 07:17:48 AM »

	2015	2016	2017	2018	2019	2020	2021	2022	2023
Jan		141,251.00	$193,414.19	$283,829.36	$359,505.30	$546,089.75	$762,355.51	$1,008,596.87	$896,405.70
Feb		$135,573.00	$200,758.63	$304,851.88	$397,087.41	$557,258.06	$780,137.13	$954,587.38	$956,408.33
Mar		$138,331.39	$211,677.78	$303,796.17	$428,309.57	$522,077.78	$815,764.71	$949,999.72	$942,437.96
Apr	$98k	$146,788.37	$217,643.71	$307,682.67	$440,342.71	$451,185.96	$829,307.88	$999,856.70	$978,864.73
May	$111k	$149,149.52	$225,773.04	$315,634.59	$456,285.80	$510,875.92	$874,326.67	$928,584.50	$995,095.52
Jun	$112k	$161,205.21	$232,222.09	$337,046.55	$441,047.77	$551,923.37	$878,873.50	$916,075.45	$998,436.27
Jul	$113k	$165,947.80	$235,779.19	$340,399.63	$476,489.51	$567,485.67	$907,568.86	$840,059.88
Aug	$113k	$176,198.00	$244,461.55	$363,304.76	$486,559.27	$601,161.19	$923,408.92	$915,283.13
Sept	$116k	$178,840.37	$247,101.69	$385,572.12	$483,967.28	$653,037.25	$950,899.02	$891,457.82
Oct		$184,372.64	$256,365.91	$392,296.56	$490,200.54	$639,398.62	$907,416.93	$822,036.27
Nov	$120,330.91	$181,625.28	$266,140.14	$370,000.25	$501,003.17	$637,260.06	$963,453.56	$886,527.53
Dec	$138,810.56	$187,972.57	$279,806.93	$386,361.40	$531,904.82	$723,586.82	$964,037.88	$938,630.06

Arrrghh apparently I'm doomed to asymptotically approach $1mil so we'll see if I ever actually get back over it!

Arbitrage · « **Reply #2189 on:** June 01, 2023, 09:47:27 AM »

Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
1/1/20: $1.049M / 1.531M
1/1/21: $1.370M / 1.883M
1/1/22: $1.972M / 2.252M
2/1/22: $1.916M / 2.207M
3/1/22: $1.900M / 2.189M
4/1/22: $1.915M / 2.220M
5/1/22: $1.806M / 2.134M
6/1/22: $1.827M / 2.164M
7/1/22: $1.695M / 2.066M
8/1/22: $1.809M / 2.180M
9/1/22: $1.766M / 2.149M
10/1/22: $1.614M / 1.997M
11/1/22: $1.702M / 2.048M
12/1/22: $1.822M / 2.163M
1/1/23: $1.772M / 2.059M
2/1/23: $1.884M / 2.193M
3/1/23: $1.846M / 2.150M
4/1/23: $1.863M / 2.166M
5/1/23: $1.875M / 2.203M
6/1/23: $1.854M / 2.184M

monarda · « **Reply #2190 on:** June 01, 2023, 03:43:30 PM »

Quote from: monarda on January 02, 2023, 10:44:35 AM

liquid and rental property equity TNW (includes primary residence equity)
plus pension balance

11/26/20 ... $1.02M ... $1.19M
1/3/21 $1.03M $1.21M
6/1/21 $1.09M $1.27M
1/3/22 $1.17M* $1.34M*
6/1/22 $1.33M* $1.57M*
1/2/23 $1.32M $1.56M

*Zillow valuations shot up in 2022, so did tax assessed values

6/1/23 1.35M 1.59M

pasadenafr · « **Reply #2191 on:** June 01, 2023, 07:09:55 PM »

Quote from: pasadenafr on November 04, 2021, 08:27:47 AM

Quote from: 2Birds1Stone on November 04, 2021, 06:35:46 AM
*opens door slightly and whispers*

i was told there are cookies and millionaire bars here.....

If these gains stick through the end of the month I'll be making the jump from the $500k->$1M thread on 12/1, how is it in here? Is the water warm?

I'm in for the cookies! I just passed the entry exam yesterday, so I'll be jumping in with you next month if it holds!

*waves* ... hmmm ... guys? ... hi?

Funny to find that post again, posted right on the cusp of one big roll downhill... but a year and a half later, here I am again. Yesterday was the first time ever that I closed a month as a millionaire! Baby Million came and went a few times between Nov 21 and Jan 22, not to be seen again until a couple of weeks ago. And yesterday I finally got to write it down somewhere official (my Excel sheet)!

So I decided it's (finally) time to graduate and get those cookies and millionaire bars :)

Invested assets, long term savings and debts:

12/31/14     $51,962
12/31/15     $92,762
12/31/16     $163,900
12/31/17     $251,415
12/31/18     $330,093 - new job, nice retention bonus from previous job
12/31/19     $519,878 - pension lump sum after leaving old job (rolled into 401k)
12/31/20     $714,958 - got up to $1M on 11/03 and then, well... yeah.
12/31/21     $993,847
12/31/22     $855,784

---

01/31/23     $930,327
02/28/23     $939,370
03/31/23     $977,364 - maxed out 401(k), started Mega Backdoor Roth
04/30/23     $991,877
05/31/23    $1,010,433 - YAY! COOKIES!

2Birds1Stone · « **Reply #2192 on:** June 01, 2023, 11:46:47 PM »

Quote from: JGS1980 on June 01, 2023, 07:04:10 AM

Quote from: 2Birds1Stone on May 31, 2023, 11:41:14 PM

01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
03/01/2022 - $1,053,800
04/01/2022 - $1,113,000
05/01/2022 - $1,155,000
06/01/2022 - $1,204,900
07/01/2022 - $1,160,100
08/01/2022 - $1,218,800
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd

Congrats! In that case, you have to fix your signature line.

Done :)

dandarc · « **Reply #2193 on:** June 02, 2023, 02:38:37 PM »

Date TotalNW Stache Only Nov 12 2020 - 1.001M 0.953M Jan 01 2021 - 1.061M 1.026M Jan 01 2022 - 1.279M 1.246M Jan 01 2023 - 1.066M 1.032M Feb 01 2023 - 1.142M 1.105M Mar 01 2023 - 1.115M 1.074M Apr 01 2023 - 1.130M 1.086M Jun 01 2023 - 1.132M 1.089M Stache Highwater mark: November 9 2021 - 1.282M Total, 1.261M Stache
Skipped updating in May because we were in Japan for our ~~10th~~ 11th anniversary trip. Amazing trip. Was in no mood to add up accounts. So in 2 months essentially flat on the net worth figures. I'm ramping work from about 60% time to 75% time in hopes of hastening this whole FIRE process a little bit now that I feel less burned out than I did 2 years ago when I downshifted, plus there's a project with a challenging but possible deadline for once, so I guess I feel a little more motivated than usual. We've actually had a good spending month since returning from our trip, and the 3 weeks we were out we actually didn't spend that much - a lot of the trip was prepaid well before it actually happened, so hopefully the trend continues on that front as well.

WesternAugust · « **Reply #2194 on:** June 03, 2023, 11:28:40 AM »

07/23/21 Cash & Investments: $1,010,510
09/02/21 Cash & Investments: $1,056,104
11/03/21 Cash & Investments: $1,097,920
01/03/22 Cash & Investments: $1,130,791
09/25/22 Cash & Investments: $970,496
11/04/22 Cash & Investments. $1,002,769
02/01/23 Cash & Investments: $1,109,044
04/20/23 Cash & Investments: $1,139,393
06/02/23 Cash & Investments: $1,175,438

New all time high. 1.2m has been elusive, but getting closer!

WesternAugust · « **Reply #2195 on:** June 03, 2023, 11:31:15 AM »

Quote from: 2Birds1Stone on May 31, 2023, 11:41:14 PM

01/01/2022 - $1,025,500
02/01/2022 - $1,056,900
03/01/2022 - $1,053,800
04/01/2022 - $1,113,000
05/01/2022 - $1,155,000
06/01/2022 - $1,204,900
07/01/2022 - $1,160,100
08/01/2022 - $1,218,800
09/01/2022 - $1,209,600
10/01/2022 - $1,189,600
11/01/2022 - $1,267,000
12/01/2022 - $1,325,000
01/01/2023 - $1,315,100
02/01/2023 - $1,380,000
03/01/2023 - $1,405,000
04/01/2023 - $1,440,000
05/01/2023 - $1,481,000
06/01/2023 - $1,505,300 - Officially FIRE'd

Nice. Congrats! Probably even a bit more FIRE’d after yesterday’s market rally.

TempusFugit · « **Reply #2196 on:** June 03, 2023, 01:50:54 PM »

Welcome aboard, @pasadenafr !

Patience @turketron - you're probably back in good standing with the club since yesterday's rally !

11/26/20	...	$1.02M	...	$1.19M
1/3/21		$1.03M		$1.21M
6/1/21		$1.09M		$1.27M
1/3/22		$1.17M*		$1.34M*
6/1/22		$1.33M*		$1.57M*
1/2/23		$1.32M		$1.56M

News:

Author Topic: Race from $1M to $2M (Read 484057 times)