Author Topic: Race from 500k to 1M!  (Read 479172 times)

actionjackson

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Re: Race from 500k to 1M!
« Reply #1350 on: October 17, 2019, 06:01:02 AM »
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353
Sep - 529071
Oct - 519042
Nov - 532025

2019
Mar - 586808
May - 609872
Jun - 622961

Jul - 643390
Aug - 654710
Sep - 663790
Oct - 671853

skip207

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Re: Race from 500k to 1M!
« Reply #1351 on: October 21, 2019, 04:03:58 PM »
Missed a couple of months posts due to work etc but was still tracking.

01/01/17 £374668
01/01/18 £497097
01/01/19 £547415
01/02/19 £561491
01/03/19 £568388
01/04/19 £572881
01/05/19 £583805
01/06/19 £599145
01/07/19 £610976
01/08/19 £623787
01/09/19 £626277
01/10/19 £633564

Just ticked past +£80k on the NW for 2019. 

Acorns

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Re: Race from 500k to 1M!
« Reply #1352 on: October 24, 2019, 01:42:57 PM »

End of 2007: $71,000
End of 2008: $87,600
End of 2009: $202,000
End of 2010: $257,000
2011: $298,000
2012: $364,000
2013: $371,000
2014: $615,000 (This looks like a big jump from 2013 because I started counting in my calculations an investment account which hadn't been counted in prior years)
2015: $644,000
2016: $740,000
July 2017: $813,000
Jan 2018: $926,000
June 2018: $969,000

September 2019: $1,087,056
After bouncing around the high $900k's for a while, I have been consistently above $1 Million for about 6mo now...cue recession and market drop.

This breaks down to roughly $780,000 in retirement accounts, $230,000 in other investment accounts, and $55,000 in 529s. No plans to retire anytime soon, too many unknown unknowns.

TempusFugit

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Re: Race from 500k to 1M!
« Reply #1353 on: October 24, 2019, 01:55:38 PM »

End of 2007: $71,000
End of 2008: $87,600
End of 2009: $202,000
End of 2010: $257,000
2011: $298,000
2012: $364,000
2013: $371,000
2014: $615,000 (This looks like a big jump from 2013 because I started counting in my calculations an investment account which hadn't been counted in prior years)
2015: $644,000
2016: $740,000
July 2017: $813,000
Jan 2018: $926,000
June 2018: $969,000

September 2019: $1,087,056
After bouncing around the high $900k's for a while, I have been consistently above $1 Million for about 6mo now...cue recession and market drop.

This breaks down to roughly $780,000 in retirement accounts, $230,000 in other investment accounts, and $55,000 in 529s. No plans to retire anytime soon, too many unknown unknowns.

CONGRATS Acorns!  Always good to see new graduates of this thread! Welcome to the Millionaires Club.   Hop on over to the 1-2MM thread and join us for martinis and cigars. 

SEAK

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Re: Race from 500k to 1M!
« Reply #1354 on: October 24, 2019, 04:36:24 PM »
Guess I'm moving threads for the time being. Been waiting for this day quite awhile it seems like. 45 yo, wife 42, two kids aged 12 and 10. Below numbers do not include $225k home equity, ~$800,000 pension value, and the kiddos ~ $90k in college savings. Now how to celebrate tonight?!

End 2015- $482k
End 2016- $628k
End 2017- $811k
End 2018- $813k
July 2019- $975k
     Today-  $1,001,000

Acorns

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Re: Race from 500k to 1M!
« Reply #1355 on: October 24, 2019, 10:56:46 PM »

CONGRATS Acorns!  Always good to see new graduates of this thread! Welcome to the Millionaires Club.   Hop on over to the 1-2MM thread and join us for martinis and cigars.

Thanks! It feels a bit like jinxing myself to move, but I do have more goals to accomplish - onwards and upwards (but not always in a straight line)!

RWD

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Re: Race from 500k to 1M!
« Reply #1356 on: October 25, 2019, 06:52:36 AM »
Guess I'm moving threads for the time being.

     Today-  $1,001,000

Congrats!

JGS1980

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Re: Race from 500k to 1M!
« Reply #1357 on: October 25, 2019, 12:21:34 PM »
Congratulations to SEAK and Acorns !!! You should be very proud of your accomplishments. I hope you have a nice night out with your significant other to properly celebrate.

JGS

MikeO

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Re: Race from 500k to 1M!
« Reply #1358 on: October 25, 2019, 03:00:22 PM »
CONGRATS SEAK!  That's got to be a great feeling of accomplishment, and at a young age too!

Arbitrage

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Re: Race from 500k to 1M!
« Reply #1359 on: October 25, 2019, 03:05:52 PM »
So many graduates - congrats to all!  Hoping to make it soon...

Freedomin5

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Re: Race from 500k to 1M!
« Reply #1360 on: October 25, 2019, 07:08:19 PM »
The last $100K is such a struggle. We are so close we can taste the freedom. Our investments are on autopilot and we know we’ll probably get there in the next couple months. It’s just so hard to waaaaaiiiiiiitttttt.....

monarda

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Re: Race from 500k to 1M!
« Reply #1361 on: October 25, 2019, 09:42:23 PM »
A flash up to 1M!
I usually use the more conservative valuation from Zillow or Redfin to guesstimate my home equity, included in one of my numbers, but today I got a valuation from Nextdoor that put my NW (counting home equity) at 1.016 M!
Not quite believing it, but it's my first toeprint over the line!
« Last Edit: October 26, 2019, 08:25:19 AM by monarda »

AnxietyFly

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Re: Race from 500k to 1M!
« Reply #1362 on: October 26, 2019, 12:27:56 PM »
I still have fifteen years before I want to retire. I feel pretty good with where I am at in life with regards to my finances.

2015 296,000
2016 402,438
2017 534,213
2018 631,884
2019 782,239 (estimated)

I was going to revise my numbers removing the value of my pensions. This decision was painful because my wife pays into her pension. I'm not sure if there are any rules in this forum about what is considered an asset for net worth purposes. But I am including the value of my house and pensions in this value.  I read a half dozen articles about net worth and adding the pension to the net worth value is a debatable topic. However, all of them indicated it should be counted. One pension I plan on transferring it to an IRA. The other one will continue to accumulate in the state school pension plan.  I'll revise my numbers if there is a rule in this forum.   

Lucky Recardito

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Re: Race from 500k to 1M!
« Reply #1363 on: October 28, 2019, 11:27:04 AM »
I'm not sure if there are any rules in this forum about what is considered an asset for net worth purposes. But I am including the value of my house and pensions in this value.

Make your own rule, based on what number(s) are important to you in your journey to FI! It's not a competition with anyone but yourself, so we don't all have to abide by the exact same ruleset.

OurTown

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Re: Race from 500k to 1M!
« Reply #1364 on: October 31, 2019, 07:33:53 AM »
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
7/1/18 = $612
8/1/18 = $623
9/1/18 = $639
10/1/18 = $644
11/1/18 = $622
12/1/18 = $636

1/1/19 = $630
2/1/19 = $664
3/1/19 = $682
4/1/19 = $691
5/1/19 = $708
6/1/19 = $702
7/1/19 = $731
8/1/19 = $737
9/1/19 = $736
10/1/19 = $746
11/1/19 = $761

Watchmaker

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Re: Race from 500k to 1M!
« Reply #1365 on: October 31, 2019, 09:16:39 AM »
I'm new to this thread but we passed a NW 500k around October of 2016, and we're are 975k right now. A 475k increase in two and half years feels absolutely insane.

I expect to be bouncing around 1MM for awhile with some planned larger expenses, possible market corrections, etc.

6 months later and we're at... 977k.

¯\_(ツ)_/¯


fattest_foot

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Re: Race from 500k to 1M!
« Reply #1366 on: October 31, 2019, 10:41:51 AM »
Hi everyone!

12/2014: $97,686
12/2015: $129,157
12/2016: $206,179
12/2017: $317,990

1/2018: $341,983
2/2018: $333,875
3/2018: $328,485
4/2018: $338,787
5/2018: $353,747
6/2018: $361,028
7/2018: $381,336
8/2018: $402,486
9/2018: $408,560
10/2018: $383,538
11/2018: $397,907
12/2018: $366,214

1/2019: $403,773
2/2019: $423,854
3/2019: $435,590
4/2019: $455,332
5/2019: $439,288
6/2019: $471,706
7/2019: $483,830
8/2019: $479,814
9/2019: $494,165

10/2019: $512,168

OurTown

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Re: Race from 500k to 1M!
« Reply #1367 on: October 31, 2019, 10:53:54 AM »
Welcome fattest foot!

Arbitrage

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Re: Race from 500k to 1M!
« Reply #1368 on: October 31, 2019, 04:50:58 PM »
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
5/17/18: $765k / 1.112M
6/29/18: $773k / 1.137M
7/31/18: $795k / 1.170M
8/31/18: $813k / 1.189M
9/29/18: $811k / 1.192M
11/1/18: $772k / 1.160M
12/1/18: $796k / 1.182M

1/1/19: $765k / 1.152M
2/1/19: $826k / 1.227M
3/1/19: $850k / 1.264M
4/1/19: $863k / 1.277M
5/1/19: $892k / 1.298M
6/1/19: $864k / 1.269M
7/1/19: $916k / 1.318M
8/1/19: Looks like I missed this update!  On vacation with my mind a million miles away from work...
9/1/19: $924k / 1.341M
10/1/19: $952k / 1.391M
11/1/19: $986k / 1.420M

use2betrix

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Re: Race from 500k to 1M!
« Reply #1369 on: October 31, 2019, 06:43:16 PM »
Tracking liquid net worth only: Cash/Savings/Investments - do not have a mortgage or debt

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
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

Hellooooo!!!

I am beyond excited to be finally joining this group. While hitting $500k is a great accomplishment regardless, these silly groups do add a little incentive. Primarily for the reason that these type of goals can’t often be openly shared. I felt comfortable telling my parents and two close friends. Aside from that, just my wife and I to celebrate for now.

We zoomed through the $250k-$500k group over about 18 months. I work as a contractor and will be likely having a good sized sabbatical before we hit $1MM (at least I hope so!)
« Last Edit: November 01, 2019, 07:33:48 AM by use2betrix »

3Mer

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Re: Race from 500k to 1M!
« Reply #1370 on: October 31, 2019, 07:48:16 PM »
Month end update:

Liquid assets / Net worth

Jan 2018  $415.5K / $508K
Jun 2018  $518.8K / $578.4K
Jul  2018  $528.3K / $588.2K
Aug 2018  $543K  / $603.2K
Sep 2018  $548K / $608.6K
Oct 2018   $492.6K / $569.5K
Nov 2018  $502K / $585.3K
Dec 2018  $476.8K / $554K
Jan 2019   $509.1K / $587K
Feb 2019   $534.2K / $612.6K
Mar 2019   $549K  / $627.8K
Apr 2019   $561.1K / $640.1K
May 2019  $533.5K / $612.9K
June 2019  $566K / $646K
July 2019   $569K / $649K
Aug 2019   $558.4K / $638.8K
Sept 2019  $569.6K / $650.3K
Oct 2019    $583.5K / $664.5K

Ladychips

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Re: Race from 500k to 1M!
« Reply #1371 on: November 01, 2019, 04:52:32 AM »

         Investments/cash     Net worth

05/18 - $503,164               $742,902
06/18 - $506,463               $747,871
07/18 - $520,768               $764,243
08/18 - $542,574               $787,745
09/18 - $541,489               $788,357
10/18 - $518,567               $766,694
01/19 - $522,773               $776,499
02/19 - $544,291               $799,739
03/19 - $551,251               $808,455
04/19 - $577,496               $836,473
05/19 - $547,963               $811,636
06/19 - $588,500               $853,525
07/19 - $601,555               $867,945
08/19 - $594,550               $862,292
09/19 - $601,942               $871,711

10/19 - $625,199                  $896,352

Funny how the fortunes change month to month.  Last month, I was up $60,000 over the year before.  This month, I'm up $107,000 over the year before.  Combination of an increase this year Sept-Oct AND a huge decrease last year from Sept-Oct.  Even so, it's up and that's wonderful.

Welcome to our new members.  It's a great thread to be in.  One, because these are nice people here.  And two, members of this thread are rich!

YellowCat

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Re: Race from 500k to 1M!
« Reply #1372 on: November 01, 2019, 05:35:55 AM »
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
--------------------------
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)
May 2018: $713,039 (+$25,788)
Jun 2018: $719,898 (+$6,859)
Jul 2018: $749,307 (+$29,409)
Aug 2018: $777,551 (+28,244)
Sept 2018: $782,645 (+$5,094)
Oct 2018: $747,078 (-$35,567)
Nov 2018: $768,361 (+$21,283)
Dec 2018: $718,610 (-$49,751)
--------------------------
Jan 2019: $777,609 (+$58,999)
Feb 2019: $820,306 (+$42,697)
Mar 2019: $840,459 (+$20,153)
Apr 2019: $881,921 (+$41,462)
May 2019: $852,437 (-$27,484)
Jun 2019: $898,121 (+$45,684)
Jul 2019: $923,880 (+$25,759)
Aug 2019: $919,801 (-$4,079)
Sept 2019: $943,063 (+$23,262)
Oct 2019: $968,240 (+$25,177)

We are, surprisingly, quite up from Sept despite paying for the first half of our bathroom renovation in Oct ($5400). Expecting the other ~$7000 to hit in November. Maybe we can still hit $1 Mio total NW by end of this year?

2Birds1Stone

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Re: Race from 500k to 1M!
« Reply #1373 on: November 01, 2019, 06:50:00 AM »
08/1/2018 - $511,000
09/1/2018 - $519,000
10/1/2018 - $526,000
11/1/2018 - $511,000
12/1/2018 - $523,700
01/1/2019 - $515,100
02/1/2019 - $552,000
03/1/2019 - $576,000
04/1/2019 - $586,200
05/1/2019 - $604,500
06/1/2019 - $590,360
07/1/2019 - $624,000
08/1/2019 - $628,300
09/1/2019 - $637,300
10/1/2019 - $649,800
11/1/2019 - $675,000

YoungGranny

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Re: Race from 500k to 1M!
« Reply #1374 on: November 01, 2019, 06:57:23 AM »

Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k
June 4, 2018: $616.2k
July 2, 2018: $623.4k
Aug. 1, 2018: $643.8k
Sep. 4, 2018:$670.2k
Oct. 2, 2018: $677.7k
Nov. 2, 2018: $659.6k
Jan 2, 2019: $631.2k
Feb 1, 2019: $659.1k
Mar 1, 2019: $708k
Apr 1, 2019: $725.9k
May 1, 2019: $753.9k
July 1, 2019: $772.4k
Aug 1, 2019: $792.8k
Sep 3, 2019: $787.2k
Oct 1, 2019: $806.4k

Nov 1, 2019: $827.9k - a very loose calculation based on our current savings and we'll hit $1m by 1/1/21. Any help from the market could get us there even faster, but I'm sure it'll be a wavy pattern regardless. Either way, excited to be on the ride :)

talltexan

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Re: Race from 500k to 1M!
« Reply #1375 on: November 01, 2019, 01:09:46 PM »
ToughMother-
I'm selecting a mortgage for my home right now: can you give some insight about why you selected a 15-year mortgage term?
Hi @talltexan
At the time we were refinancing, I had three goals:
1. I was downsizing my job to about half my salary and wanted to refinance while my income was good.
2. When I bought my house, I was very ill and on disability.  I have since recovered.  I was in a “soft second” with a subsidy and the whole thing was at 5.375%.  That mortgage also had some rental restrictions because of its mission. Anyway, I wanted out of that and to pay back the subsidy so the next person in need could use the pool
3. 15 year rates were about 3.25% and the feds were chatting about their first rate raises.
4. I wanted to keep my monthly amount at $X and the 15year plus putting in $Y to make the mortgage amount Z made the most fiscal sense.

About 1 year after that, I got yet another new job back to my old salary. And then a few months later, we found our forever house. So all of that refinancing was for nothing but would have been perfect with what looked to be my future status quo.

Happy to clarify anything else in a PM.
~ToughMother

appreciate it! The shorter loan term used to come with a large benefit in interest rate, these days it seems like it's very small.

turketron

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Re: Race from 500k to 1M!
« Reply #1376 on: November 01, 2019, 03:59:41 PM »
April 2015: $98k
May 2015: $111k
June 2015: $112k
July 2015: $113k
Aug 2015: $113k
Sept 2015: $116k
Nov 1 2015: $120,330.91
Dec 1 2015: $138,810.56

Jan 1 2016: $141,251.00
Feb 1 2016: $135,573.00
Mar 4 2016: $138,331.39
Apr 1 2016: $146,788.37
May 1 2016: $149,149.52
Jun 1 2016: $161,205.21
July 1 2016: $165,947.80
Aug 1 2016: $176,198.00
Sep 1 2016: $178,840.37
Oct 1 2016: $184,372.64
Nov 1 2016: $181,625.28
Dec 1 2016: $187,972.57

Jan 1 2017: $193,414.19
Feb 1 2017: $200,758.63
Mar 1 2017: $211,677.78
Apr 1 2017: $217,643.71
May 1 2017: $225,773.04
Jun 1 2017: $232,222.09
July 1 2017: $235,779.19
Aug 1 2017: $244,461.55
Sept 1 2017: $247,101.69
Oct 1 2017: $256,365.91
Nov 1 2017: $266,140.14
Dec 1 2017: $279,806.93

Jan 1 2018: $283,829.36
Feb 1 2018: $304,851.88
Mar 1 2018: $303,796.17
Apr 1 2018: $307,682.67
May 1 2018: $315,634.59
Jun 1 2018: $337,046.55
July 1 2018: $340,399.63
Aug 1 2018: $363,304.76
Sept 1 2018: $385,572.12
Oct 1 2018: $392,296.56
Nov 1 2018: $370,000.25
Dec 1 2018: $386,361.40

Jan 1 2019: $359,505.30
Feb 1 2019: $397,087.41
Mar 1 2019: $428,309.57
Apr 1 2019: $440,342.71
May 1 2019: $456,285.80
Jun 1 2019: $441,047.77
Jul 1 2019: $476,489.51
Aug 1 2019: $486,559.27
Sept 1 2019: $483,967.28
Oct 1 2019: $490,200.54
Nov 1 2019: $501,003.17

Hey all! Just graduated from the last thread, happy to finally be here!

use2betrix

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Re: Race from 500k to 1M!
« Reply #1377 on: November 01, 2019, 04:34:57 PM »
@turketron Woohoo! This is my first month in this group as well. Happy to have another along for the ride!

MikeO

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Re: Race from 500k to 1M!
« Reply #1378 on: November 02, 2019, 08:03:05 AM »
turketron, and you made it pretty quickly in under 5 years.  You keep that pace up and you'll be FIRE in no time!  congrats
« Last Edit: November 02, 2019, 08:07:22 AM by MikeO »

MikeO

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Re: Race from 500k to 1M!
« Reply #1379 on: November 02, 2019, 08:06:51 AM »
Investment Accounts
EOM         Dollar Amount   (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}

Jan 2019  $572,058            ($9,743)         {$53,685}
Feb 2019  $603,363            ($4,010)         {$31,305}
Mar 2019  $616,382            ($7,800)         {$13,019
Apr 2019  $643,599            ($2,500)         {$27,217}
May 2019 $638,398            ($29,928)        {-$5,201}
June 2019 $679,549           ($2,200)          {$41,151}
July 2019  $702,460           ($12,000)        {$22,911}
Aug 2019 $691,691            ($3,456)           {-10,769}
Sep 2019  $699,235            ($2,122)           {$7,544}

Oct 2019  $722,383             ($4534)           {$23,148}

TheAnonOne

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  • Posts: 1661
Re: Race from 500k to 1M!
« Reply #1380 on: November 02, 2019, 10:09:44 AM »
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

..and I am back.

The last time I updated was June, so I "guessed" for July/Aug/Sept. Came out of my home buying whirlwind around $50,000 richer between income/a bit of equity even while paying some hefty realtor fees.

I took some loans out for a solar project, and my mortgage is *much* larger now. The goal over the next year is to pay off the solar loan and MAYBE pay down the mortgage a little. Sitting at around $580k in equities right now, so I could use a year to free up a little cash flow. (my mortgage company allows for re-casting, basically resetting the loan lowering payments)

This is all very TBD.

In other news, I crossed $750k. From my table it takes me around 2 years for each quarter of a million. Following this, in 2021 I should be graduating. My "LIVING" expenses are around 40-48k but my mortgage will need to be killed for me to live on that stache. Numerically, I put myself around "half" which means I am pretty far beyond half way due to growth. Maybe 4-6 years away realistically, putting me in my mid 30s.

Thanks for reading!

RWD

  • Walrus Stache
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  • Location: Mississippi
Re: Race from 500k to 1M!
« Reply #1381 on: November 02, 2019, 10:59:23 AM »
In other news, I crossed $750k.

Congrats, halfway through this race!

Enough

  • Stubble
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  • Posts: 192
  • Age: 32
  • Location: KY
Re: Race from 500k to 1M!
« Reply #1382 on: November 02, 2019, 02:15:37 PM »
26 months for 100-250k. Last post in 100-250k here: http://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-100-to-250k/msg1440605/#msg1440605

28 months for 250k-500k. Last post in 250k-500k here: https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg2457040/#msg2457040

Recent NW:

May-19   $482,166.97
Jun-19   $506,489.11
Jul-19   $516,572.20
Aug-19      $520,552.46
Sep-19   $524,681.62

I haven't been updating real estate values to market value in the last few years and there is now a ~30k discrepancy due to appreciation. rather than take it all in one month, I will be adding $3k/month to real estate asset values until those values match market values.

Optimistic / unlikely goal of 36 months to $1M (May 2022).  This assumes net worth growth continues on current exponential trend.
Optimistic projection of 50 months to $1M (July 2023).  This assumes steady 7% investment return and 3% wage growth with steady expenses.
Realistic projection of 60 months to $1M (May 2024).  This assumes steady 4% investment return and 3% wage growth with 1% expense growth.

I think I'll have to settle in for the long haul on this thread.

Oct-19   $549,479.38

Yay for the stock market!

blurb

  • 5 O'Clock Shadow
  • *
  • Posts: 10
Re: Race from 500k to 1M!
« Reply #1383 on: November 02, 2019, 02:39:00 PM »
I've been following this thread for quite a while and it's so inspiring! I finally decided throw my hat in the ring for a little added motivation!

October-2019: 624,498

Freedomin5

  • Magnum Stache
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  • Location: China
Re: Race from 500k to 1M!
« Reply #1384 on: November 03, 2019, 03:27:58 AM »
I've been following this thread for quite a while and it's so inspiring! I finally decided throw my hat in the ring for a little added motivation!

October-2019: 624,498

Welcome!

Trifele

  • Magnum Stache
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  • Age: 54
  • Location: Outside, NC, US
    • In The Garden
Re: Race from 500k to 1M!
« Reply #1385 on: November 03, 2019, 07:41:50 AM »
Welcome @use2betrix, @turketron, and @blurb!

My update, tracking retirement accounts only.  Excludes house equity, 529 plans, and cash: 

5/1/17 --    $631     
6/1/17 --    $647     
7/1/17 --    $655   
8/1/17 --    $665     
9/1/17 --    $672   
10/1/17 --  $684     
11/1/17 --  $702
12/1/17 --  $724

1/1/18  --   $731
2/1/18  --   $761
3/1/18  --   $737
4/1/18 --    $731
5/1/18 --    $738
6/1/18 --    $747
7/1/18 --    $744
8/1/18 --    $761
9/1/18 --    $776
10/1/18 --  $776
11/1/18 --  $729
12/1/18 --  $745

1/1/19 --    $703
2/1/19 --    $751
3/1/19 --    $769
4/1/19 --    $813
5/1/19 --    $841
6/1/19 --    $810
7/1/19 --    $841
8/1/19 --    $849
9/1/19 --    $826
10/1/19 --  $832
11/1/19 --  $854

mudstache

  • 5 O'Clock Shadow
  • *
  • Posts: 61
Re: Race from 500k to 1M!
« Reply #1386 on: November 04, 2019, 12:32:58 PM »
I was introduced to MMM in January 2017, and started tracking numbers the following month.  It's been a great ride, and watching investments top half a million on Friday was pretty surreal. 

02/01/2017 - $202,227 <- Started tracking
...
01/01/2019 - $360,176
02/01/2019 - $388,855
03/01/2019 - $405,350
04/01/2019 - $430,482
05/01/2019 - $458,149
06/01/2019 - $437,783
07/01/2019 - $468,911
08/01/2019 - $476,316
09/01/2019 - $475,208
10/01/2019 - $485,051
11/01/2019 - $500,872

Dr Kidstache

  • Bristles
  • ***
  • Posts: 307
Re: Race from 500k to 1M!
« Reply #1387 on: November 05, 2019, 08:05:08 AM »
Apr 5 2019: $523,606 -> crossed 500k threshold
May 6 2019: $536,891
Jun 6 2019: $528,014
Jul 10 2019: $569,181
Aug 5 2019: $547,229
Sep 5 2019: $569,689 
Oct 5 2019: $579,502 

Nov 5 2019: $602,772   (+ $23,270)     

TheAnonOne

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  • Posts: 1661
Re: Race from 500k to 1M!
« Reply #1388 on: November 05, 2019, 01:10:34 PM »
In other news, I crossed $750k.

Congrats, halfway through this race!

Thanks man! You are pulling away from me. I think all that RWD power has something to it!

Good luck!

Sailor Sam

  • Magnum Stache
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  • Age: 41
  • Location: Steel Beach
  • Semper...something
Re: Race from 500k to 1M!
« Reply #1389 on: November 05, 2019, 07:33:38 PM »
1-Jan-2011:  $82,795
1-Jan-2012:  $106,303
1-Jan-2013:  $147,328
1-Jan-2014:  $212,595
1-Jan-2015:  $264,308
1-Jan-2016:  $299,216
1-Jan-2017:  $371,623
1-Jan-2018:  $500,083  (graduated from 250-->500k thread!)

1-Jan-2019:  $551,753
1-Feb-2019:  $584,414
1-Mar-2019:  $606,970
1-Apr-2019:  $616,505
1-May-2019:  $636,497
1-Jun-2019:  $607,676
1-Jul-2019:  $656,706
1-Aug-2019:  $664,623
1-Sep-2019:  $658,464
1-Oct-2019:  $675,812  Zoinks!


1-Nov:  $693,673

Trifele

  • Magnum Stache
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  • Age: 54
  • Location: Outside, NC, US
    • In The Garden
Re: Race from 500k to 1M!
« Reply #1390 on: November 06, 2019, 05:00:49 AM »
Welcome @fireforfun and @mudstache

oldmannickels

  • Stubble
  • **
  • Posts: 237
Re: Race from 500k to 1M!
« Reply #1391 on: November 06, 2019, 08:57:03 AM »
Broke $500k this month, so joining this thread. Hoping to hit $1M by 2020.

11/30/2017 - $660k

11/30/2018 - $802k

10/30/2019 - $968k

Wow just realized I'm going to be very close to my original projection when I broke 500k

mudstache

  • 5 O'Clock Shadow
  • *
  • Posts: 61
Re: Race from 500k to 1M!
« Reply #1392 on: November 06, 2019, 04:59:01 PM »
Welcome @fireforfun and @mudstache!

Thank you!  I was sure I was doomed to drop right back out with a next-day market drop, but so far, so good! :)

Freedomin5

  • Magnum Stache
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  • Posts: 4134
  • Location: China
Re: Race from 500k to 1M!
« Reply #1393 on: November 08, 2019, 02:10:19 AM »
Oct 2017: 527k
Dec 2017: 554k

Mar 2018: 666k
Jun 2018: 711k
Sep 2018: 784k
Dec 2018: 774k

Mar 2019: 830k
Jun 2019: 875k
Sep 2019: 947k

We are so close I’m going to start tracking it monthly. Let’s hope the markets keep cooperating.

Oct 2019: 982k

Res Ipsa

  • 5 O'Clock Shadow
  • *
  • Posts: 45
Re: Race from 500k to 1M!
« Reply #1394 on: November 08, 2019, 07:02:45 AM »
June 1, 2017:    $349,328
July 1, 2017:     $362,675
Aug. 1, 2017:    $373,748
Sept. 1, 2017:   $378,549
Oct. 1, 2017:     $389,829
Nov. 1, 2017:    $396,444
Dec. 1, 2017:    $407,245
Jan. 1, 2018:     $412,626
Feb. 1, 2018:     $433,521
Mar. 1, 2018:     $418,873
Apr. 1, 2018:     $410,875
May 1, 2018:     $439,719
June 1, 2018:    $446,814
July 1, 2018:     $451,330
Aug. 1, 2018:    $469,413
Sept. 1, 2018:   $491,582
Oct. 1, 2018:     $496,037
Nov. 1, 2018:    $465,386
Dec. 1, 2018:    $473,869
Jan. 1, 2019:     $436,390
Feb. 1, 2019:    $472,423
Mar. 1, 2019:    $488,585
Apr. 1, 2019:     $500,442
May 1, 2019:     $508,168
June 1, 2019:    $493,942
July 1, 2019:     $528,114
Aug. 1, 2019:    $539,640
Sept. 1, 2019:   $536,031
Oct. 1, 2019:     $546,248
Nov. 1, 2019:     $559,267

MayDay

  • Magnum Stache
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  • Posts: 4757
Re: Race from 500k to 1M!
« Reply #1395 on: November 10, 2019, 06:57:11 AM »
We bumped around at ~700-800k for awhile and it felt like it would take foreeeeeeever to get to 1 million.

End of October numbers totalled to 907$! Woot! Now I feel like we are almost there. Of course that probably means things will stall and it will be a year. Also, that has made H more willing to quit his job which would be a hit, so we'll see. I'm excited though!

actionjackson

  • Stubble
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  • Posts: 121
Re: Race from 500k to 1M!
« Reply #1396 on: November 13, 2019, 09:13:45 PM »
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353
Sep - 529071
Oct - 519042
Nov - 532025

2019
Mar - 586808
May - 609872
Jun - 622961

Jul - 643390
Aug - 654710
Sep - 663790
Oct - 671853
Nov - 684764

asauer

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Re: Race from 500k to 1M!
« Reply #1397 on: November 15, 2019, 07:44:52 AM »
We're getting there!!

Jan 2018: 580,300
Jun 2018: 616,473
Jan 2019: 661,636
Jun 2019: 705,137

November 2019: 818,595

Dave1442397

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Re: Race from 500k to 1M!
« Reply #1398 on: November 16, 2019, 03:02:55 PM »
I found MMM in late 2016, and that's when I got serious about tracking our finances.
This is the growth since hitting the $500k mark. It feels like such a slow progression, but we'll get there eventually!

Month       Net worth          Change from prev month
06/02/17   $509,313.92    $11,489.76
07/02/17   $512,619.28    $3,305.36
08/02/17   $524,682.66    $12,063.38
09/02/17   $532,542.95    $7,860.29
10/02/17   $543,975.58    $11,432.63
11/02/17   $554,661.02    $10,685.44
12/02/17   $564,305.98    $9,644.96
01/02/18   $574,567.16    $10,261.18
02/02/18   $588,742.23    $14,175.07
03/02/18   $578,241.25    ($10,500.98)
04/02/18   $588,980.88    $10,739.63
05/02/18   $596,472.74    $7,491.86
06/02/18   $608,401.53    $11,928.79
07/02/18   $610,115.59    $1,714.06
08/02/18   $621,510.75    $11,395.16
09/02/18   $633,047.73    $11,536.98
10/02/18   $635,894.00    $2,846.27
11/02/18   $616,902.13    ($18,991.87)
12/02/18   $621,476.49    $4,574.36
01/02/19   $600,219.93    ($21,256.56)
02/02/19   $621,811.37    $21,591.44
03/02/19   $639,861.69    $18,050.32
04/02/19   $653,291.79    $13,430.10
05/02/19   $664,209.67    $10,917.88
06/02/19   $650,352.80    ($13,856.87)
07/02/19   $682,254.77    $31,901.97
08/02/19   $685,565.03    $3,310.26
09/02/19   $687,074.62    $1,509.59
10/02/19   $695,282.39    $8,207.77
11/02/19   $722,315.11    $27,032.72

Zamboni

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  • Posts: 3146
Re: Race from 500k to 1M!
« Reply #1399 on: November 18, 2019, 04:26:49 PM »
I'm paired up and we are combining financial forces . . . so I guess I get to graduate early from this thread? Hope to see y'all some day on the next thread!

Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K

Jan 2018: 589K / 751K
Feb 2018: 577K / 741K
May 2018: 585K / 744K
July 2018: 600K / 763K
Aug 2018: 618K / 779K
Sept 2018: 621K / 795K
Oct 2018:  587K / 764K
Nov 2018: 599K / 778K
Dec 2018: 568K / 739K

Jan 2019: 607K / 767K
Feb 2019: 627K / 790K
Mar 2019: 636K / 802K
Apr 2019: 656K / 830K
May 2019: 636K / 809K
Jun 2019: 652K / 841K
Jul 2019: 663K / 851K
Aug 2019: 648K / 837K
Sep 2019: 665K / 851K
Oct 2019: 908K
Nov 2019: 1008K