Author Topic: Race from 500k to 1M!  (Read 480552 times)

caracarn

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Re: Race from 500k to 1M!
« Reply #1500 on: January 10, 2020, 10:13:44 AM »
How is everyone positioned for 2020?
Same as 2019...and 2018 and 2017 and 2016........  Index funds make things pretty standard.  Until the stock market ceases to exist I will likely stay positioned in much the same way.  Perhaps several years after I hit FIRE I might need to readjust.

I take it you are 100% equities?
No, 85 stock/15 bonds

coffeefueled

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Re: Race from 500k to 1M!
« Reply #1501 on: January 10, 2020, 11:11:18 AM »
We hit $500,606 today! I'm sure we'll hover around the line for a bit, but figured I'd go ahead throw in my lot here with you guys. I'm tracking investments only.

2014 -40k  <--- boo student loans
APR 2019: $250k
JUN 2019: $380k <-- got married and added his investments
JAN 2020: $500,606

It took me 4.5 years to get to $250k. It took 9 months to get to $500 (marriage boost sped that up nicely). :D

Can't wait to see what we'll accomplish in 2020. I heard the next $500k goes a lot faster. Anyone have estimates/predictions on how the time to graduate to the next thread changes? I hope we can hit it in five years.

Trifele

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Re: Race from 500k to 1M!
« Reply #1502 on: January 10, 2020, 11:46:57 AM »

caracarn

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Re: Race from 500k to 1M!
« Reply #1503 on: January 10, 2020, 12:59:37 PM »
We hit $500,606 today! I'm sure we'll hover around the line for a bit, but figured I'd go ahead throw in my lot here with you guys. I'm tracking investments only.

2014 -40k  <--- boo student loans
APR 2019: $250k
JUN 2019: $380k <-- got married and added his investments
JAN 2020: $500,606

It took me 4.5 years to get to $250k. It took 9 months to get to $500 (marriage boost sped that up nicely). :D

Can't wait to see what we'll accomplish in 2020. I heard the next $500k goes a lot faster. Anyone have estimates/predictions on how the time to graduate to the next thread changes? I hope we can hit it in five years.
Great news that you found someone with investments to add when you got married.  So many times people have 0 assets (or they think they do and it is their car).

ender

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Re: Race from 500k to 1M!
« Reply #1504 on: January 11, 2020, 03:02:05 PM »
Can't wait to see what we'll accomplish in 2020. I heard the next $500k goes a lot faster. Anyone have estimates/predictions on how the time to graduate to the next thread changes? I hope we can hit it in five years.

Depends on what the stock market/real estate markets do, honestly.

If you have $500k in investments and add $50k a year, a 10% drop basically wipes out your contributions. But if it goes up 10% then your contributions are doubled ($50k+$50k growth).


JustFixIt

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Re: Race from 500k to 1M!
« Reply #1505 on: January 14, 2020, 01:31:38 PM »
Count me in!

Dec 2016 402K
Dec 2017 585K
Dec 2018 628K
Dec 2019 802K

Large jumps in 2017 and 2019 partly due to sale of investment properties.


actionjackson

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Re: Race from 500k to 1M!
« Reply #1506 on: January 14, 2020, 05:51:13 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
Dec - 700320

2020
Jan - 717618

Chairman

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Re: Race from 500k to 1M!
« Reply #1507 on: January 15, 2020, 03:45:39 PM »
Not sure when/if I'll get to 1m; may semi-FIRE before then.
If the market were to stay flat, would probably hit 1m investible around 6 months from now.
Not declaring victory yet though until I have 1m investible and no debt to the bank.
Net worth is clearly north of $1m now, and we even have more than $1m invested/investible, but still not debt free
So, net worth hits $1.5m for the first time.
Net worth drops back down to where it was 6 months ago.
Down 9.3% from peak
Liquidity down, home equity up, debt down, savings rate 0% so totally reliant on market returns to get back above 1m in investible/invested assets.
So at this point my savings rate is still stuck at 0%, house will soon be paid off, and still reliant on market returns.

2020 yearly update:

Saved $0 since last update; all increases are from market returns. May be able to pay off house by end of year, or if not, soon after. After that, expect savings rate to go up again.

  • 2020: 918k liquid + 478k home equity: total 1,396k (debt: 30k)
  • Q2 2019: 860k liquid + 466k home equity: total 1,326k (debt: 40k)
  • Q1 2019: 877k liquid + 440k home equity: total 1,317k (debt: 46k)
  • Q4 2018: 990k liquid + 389k home equity: total 1,379k (debt: 104k)
  • Q3 2018: 1,096k liquid + 384k home equity: total 1,480k (debt: 115k)
  • Q2 2018: 1,108k liquid + 392k home equity: total 1,500k (debt: 131k)
  • Q1 2018: 1,075k liquid + 409k home equity: total 1,484k (debt: 141k)
  • Q4 2017: 1,005k liquid + 332k home equity: total 1,337k (debt: 189k)
  • Q3 2017: 894k liquid + 313k home equity: total 1,207k (debt: approx 193k)
  • Q2 2017: 720k liquid + 250k home equity: total 970k (debt: approx 228k)


salt cured

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Re: Race from 500k to 1M!
« Reply #1508 on: January 16, 2020, 06:46:36 AM »
2020 yearly update:

Saved $0 since last update; all increases are from market returns. May be able to pay off house by end of year, or if not, soon after. After that, expect savings rate to go up again.

  • 2020: 918k liquid + 478k home equity: total 1,396k (debt: 30k)
  • Q2 2019: 860k liquid + 466k home equity: total 1,326k (debt: 40k)
  • Q1 2019: 877k liquid + 440k home equity: total 1,317k (debt: 46k)
  • Q4 2018: 990k liquid + 389k home equity: total 1,379k (debt: 104k)
  • Q3 2018: 1,096k liquid + 384k home equity: total 1,480k (debt: 115k)
  • Q2 2018: 1,108k liquid + 392k home equity: total 1,500k (debt: 131k)
  • Q1 2018: 1,075k liquid + 409k home equity: total 1,484k (debt: 141k)
  • Q4 2017: 1,005k liquid + 332k home equity: total 1,337k (debt: 189k)
  • Q3 2017: 894k liquid + 313k home equity: total 1,207k (debt: approx 193k)
  • Q2 2017: 720k liquid + 250k home equity: total 970k (debt: approx 228k)

What's the story behind your numbers?

PacificaFog

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Re: Race from 500k to 1M!
« Reply #1509 on: January 19, 2020, 09:57:42 AM »
Joining this race.  Currently at $692,000 NW.  For context:

10/1/15 - $181,000
10/1/16 - $267,000
10/1/17 - $408,800
10/1/18 - $553,000


10/1/19 - $692,000
1/1/20 - $752,000

This increase is partially sale of SARS at the end of the year, but also it’s just a good time to be in the stock market.  We’ll see how long it lasts!

Thoughtful Mule

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Re: Race from 500k to 1M!
« Reply #1510 on: January 20, 2020, 09:15:09 AM »
Here's my update for January. I posted last March after crossing the 1M mark in NW. We are planning to sell our primary residence, move, and rent for the next couple of years. A little more than half of the equity is going to the portfolio. Doing the math, that puts the portfolio value just over 1M, so says the spreadsheet. 

2019-Jan    /    557k    /    941k
2019-Feb    /    584k    /    981k
2019-Mar    /    593k    /    1007k
2019-Apr    /    632k    /    1042k
2019-May    /    616k    /    1018k
2019-Jun    /    648k    /    1046k
2019-Jul    /    654k    /    1057k
2019-Aug    /    644k    /    1047k
2019-Sep    /    663k    /    1067k
2019-Oct    /    690k    /    1097k
2019-Nov    /    729k    /    1135k
2019-Dec    /    749k    /    1160k
2020-Jan    /    1015k*    /    1204k

*note most of the big jump in portfolio value between Dec'19 and Jan'20 is from moving some home equity over.

blurb

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Re: Race from 500k to 1M!
« Reply #1511 on: January 21, 2020, 05:32:16 AM »
Oct-2019:      $689,909
Nov-2019:     $691,960 (+2051)
Dec-2019:     $723,131 (+31,171)

Posting late this month. Better late than never!
« Last Edit: January 21, 2020, 05:33:49 AM by blurb »

drumstache

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Re: Race from 500k to 1M!
« Reply #1512 on: January 24, 2020, 03:27:08 PM »

Not counting value of house:
5/20/2016   INV-   $218,514      NW-   $328,980
7/17/2017   INV-   $306,386      NW-   $417,755
3/14/2018   INV-   $380,160      NW-   $467,160
8/08/2018   INV-   $423,708      NW-   $491,708
2/18/2019   INV-   $446,121      NW-   $581,759
1/24/2020   INV-   $610,000      NW-   $690,000

ender

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Re: Race from 500k to 1M!
« Reply #1513 on: January 26, 2020, 07:11:09 AM »
2020 should be good for us here.

I think we'll be able to save about $35k in my 401k, $5k in HSA, and perhaps $12k in Roth IRAs (or cash savings).

Depends a lot on what we end up doing for housing but either way should be close to $50k in savings, just not sure in what medium yet :-)  If we buy a house we may end up doing the heretical thing and aggressively paying it down.

OurTown

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Re: Race from 500k to 1M!
« Reply #1514 on: January 31, 2020, 07:30:42 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
12/1/19 = $781

1/1/20 = $809
2/1/20 = $824

asauer

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Re: Race from 500k to 1M!
« Reply #1515 on: January 31, 2020, 08:43:10 AM »
Woo!  Got my bonus today and automatically put it all in savings/ investment/ kids college.  So here are my new numbers:
Jan 1 2018: 580,300
Jun 1 2018: 616,473
Jan 1 2019: 661,636
Jun 1 2019: 705,137

November 1 2019: 818,595
December 1 2019: 856,619
February 1 2020: 875,020, 1.32M w/ home value

Numbers do not include kids college funds.  Only liquid and investment $.

caracarn

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Re: Race from 500k to 1M!
« Reply #1516 on: January 31, 2020, 02:34:38 PM »
Really enjoyed this format that I saw from several others.  Was not tracking monthly, but redid this for the new format and provides a nice way to see year over year growth.


                       2014                2015                2016                2017                2018                2019                2020                2021               
January$-$292,190$304,411$437,806$581,831$615,789$767,806-
February$-$332,002$331,197$162,424$585,663$662,207--
March$-$332,209$331,749$481,340$583,773$683,014--
April$-$336,743$260,548$483,994$582,862$719,849--
May$256,131$338,884$373,153$483,982$585,929$701,938--
June$258,642$321,529$377,807$490,951$590,577$731,170--
July$276,381$320,767$414,764$503,706$601,024$721,753--
August$296,700$313,896$405,676$513,111$606,442$686,503--
September$290,244$301,079$422,204$525,158$610,690$698,968--
October$274,986$308,291$413,967$533,760$585,817$577,615--
November$282,762$308,558$419,572$549,074$595,773$620,036--
December$292,942$312,281$431,458$557,941$575,877$760,501--
« Last Edit: January 31, 2020, 02:44:25 PM by caracarn »

Sailor Sam

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Re: Race from 500k to 1M!
« Reply #1517 on: January 31, 2020, 09:56:16 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-Jan-2020:   $706,933   ($30k car note)
1-Feb-2020:   $711,588

salt cured

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Re: Race from 500k to 1M!
« Reply #1518 on: February 01, 2020, 04:00:29 AM »
Getting that paper

11/30/19: $496k
12/31/19: $524k
01/31/20: $533k

monarda

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Re: Race from 500k to 1M!
« Reply #1519 on: February 01, 2020, 08:06:40 AM »
             cash+rental equity  add primary residence equity
1/2016      $507K                $627K
1/2017      $625K                $797K
9/2017      $784K                $904K
12/2017    $762K                $903K  begin remodeling primary residence
3/2018     $725K                 $866K
6/2018     $763K                 $910K  Zillow values for rental properties went way up
9/2018     $830K                 $945K   
12/2018   $821K                 $964K   
3/2019     $833K                 $977K  Rental house is on the market.
6/2019     $820K                 $953K  Had to buy a roof for the rental house. It now is under contract, though.
9/2019     $832K                 $977K  Closed on the rental house!
12/2019   $818K                 $965K  Passed final inspection on our remodel. With Nextdoor valuation for primary residence,  we're at $1,031K for the second number right now. Pretend numbers. Not selling.


1/2020     $836K                 $996K     


2/2020     $845K               $996K      Big property tax bill. Used HELOC

1MM dates      3/2022         any month now!

use2betrix

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Re: Race from 500k to 1M!
« Reply #1520 on: February 01, 2020, 11:00:09 AM »
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
Dec 1, 2019 - $518,285
Jan 1, 2020 - $544,655
Feb 1, 2020 - $573,474

Glad I waited until yesterday’s big drop was over before reporting. Still a pretty good month. It was one of the rare 3 paycheck months (paid bi-weekly, three Fridays this month) so that helped a lot. Spending was also good for the month.

Ready to keep on trucking. $500k-$1MM seems like it’s going to take a lot longer than the $250k-$500k, even though it will be pretty close if I keep on my current path (should hit $1MM in two years barring nothing majorly out of my control)

turketron

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Re: Race from 500k to 1M!
« Reply #1521 on: February 01, 2020, 11:51:21 AM »
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
Dec 1 2019: $531,904.82
Jan 1 2020: $546,089.75
Feb 1 2020: $557,258.06

Ladychips

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Re: Race from 500k to 1M!
« Reply #1522 on: February 02, 2020, 07:25:14 AM »

12/16 - $360,891     $570,338
12/17 - $473,407     $697,411
12/18 - $480,550     $732,108
12/19 - $669,819     $943,739


01/20 - $675,940    $951,251

2Birds1Stone

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Re: Race from 500k to 1M!
« Reply #1523 on: February 02, 2020, 09:51:11 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
12/1/2019 - $695,700
01/1/2020 - $717,000
02/1/2020 - $721,000

SugarMagnolia77

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Re: Race from 500k to 1M!
« Reply #1524 on: February 02, 2020, 10:27:50 AM »
Can I join? I've been a "set it and forget it" type investor since my first job. I've been having money put in my 403b and Roth for 20 years and also have a traditional IRA. Stumbling on the FIRE movement in December made me realize that I could retire from education early by paying more attention to my finances. I already switched the fund in which my Roth was invested because of all the reading I've been doing. Next up, I'll figure out a better mix for my traditional IRA.

02/01/2020 - $806,540

bigote2032

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Re: Race from 500k to 1M!
« Reply #1525 on: February 02, 2020, 01:29:29 PM »
11/30/2017    $228,503.37
12/31/2017    $237,592.34
1/31/2018    $254,582.33
2/28/2018    $257,732.67
3/31/2018    $265,481.54
4/30/2018    $269,342.61
5/31/2018    $277,950.05
6/30/2018    $285,254.10
7/31/2018    $299,199.64
8/31/2018    $319,335.25
9/30/2018    $347,418.14
10/31/2018    $332,242.01
11/30/2018    $348,536.76
12/31/2018    $325,602.90
1/31/2019    $350,696.67
2/28/2019    $369,513.27
3/31/2019    $379,192.30
4/30/2019    $399,481.40
5/31/2019    $384,294.80
6/30/2019    $408,707.83
7/31/2019    $426,022.76
8/31/2019    $422,250.44
9/30/2019    $460,845.28
10/31/2019    $476,501.03
11/30/2019    $500,079.13
12/31/2019    $517,464.57
1/31/2020    $511,758.52

Not a good start of the year, let's keep collecting money!

fattest_foot

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Re: Race from 500k to 1M!
« Reply #1526 on: February 02, 2020, 05:46:16 PM »
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
11/2019: $537,136
12/2019: $557,416

1/2020: $562,839

Trifele

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Re: Race from 500k to 1M!
« Reply #1527 on: February 03, 2020, 04:11:30 AM »
Welcome @JustFixIt and @SugarMagnolia77!  You're both looking good.

YoungGranny

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Re: Race from 500k to 1M!
« Reply #1528 on: February 03, 2020, 07:12:09 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
Dec 2, 2019: $863.6k
Jan 2, 2020: $894.8k



Feb 3, 2020: $908.4k - less than $100k to go :)

G-Cool

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Re: Race from 500k to 1M!
« Reply #1529 on: February 03, 2020, 07:38:04 AM »


2/1/2018 :  $562k Inv. / $627k NW
3/1/2018 :  $558k Inv. / $626k NW
4/1/2018 :  $563k Inv. / $630k NW
5/1/2018 :  $572k Inv. / $642k NW
6/1/2018 :  $497k Inv. / $656k NW
7/1/2018 :  $506k Inv. / $666k NW
8/1/2018 :  $589k Inv. / $668k NW
9/1/2018 :  $598k Inv. / $685k NW
10/1/2018 : $597k Inv. / $686k NW
11/1/2018 : $584k Inv. / $674k NW
12/1/2018 : $585k Inv. / $672k NW

1/1/2019 :  $567k Inv. / $658k NW
2/1/2019 :  $582k Inv. / $676k NW
3/1/2019 :  $594k Inv. / $689k NW
4/1/2019 :  $601k Inv. / $696k NW
5/1/2019 :  $611k Inv. / $710k NW
6/1/2019 :  $624k Inv. / $725k NW
7/1/2019 :  $641k Inv. / $742k NW
8/1/2019 :  $650k Inv. / $754k NW
9/1/2019 :  $641k Inv. / $748k NW
10/1/2019 :  $654k Inv. / $762k NW
11/1/2019 :  $668k Inv. / $772k NW
12/1/2019 :  $690k Inv. / $797k NW

1/1/2020 :  $702k Inv. / $811k NW
2/1/2020 :  $714k Inv. / $825k NW

Slow and steady progress, while paying for DIY home improvements. Almost halfway there, as I'm focused on investments only.

dandypandys

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Re: Race from 500k to 1M!
« Reply #1530 on: February 03, 2020, 09:13:26 AM »

2017
Jan 1st: 252k
Dec 4th 322.5k   

2018
Jan 1st:316.5k     64.5k up for 2017
Dec 1st:370k

2019
Jan 1st: $357.5 (marking the first year of maxing out retirement accounts!) UP: 41k for 2018 (markets took a hit)
Dec 1st $498.5   

2020
Jan 1st $533.5  We did it! How exciting :) UP 176k for 2019- wow did I make a mistake lol!?
Feb 3rd  $523

afuera

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Re: Race from 500k to 1M!
« Reply #1531 on: February 03, 2020, 09:20:49 AM »

12/31/2014: INV-$10,584.06     NW-$-20,000
12/31/2015: INV-$49,877.48     NW-$78,264.92
12/31/2016: INV-$106,390.73    NW-$188,244.13
12/31/2017: INV-$265,731.22    NW-$277,837.89
12/31/2018: INV-$332,761.13    NW-$357,901.80
12/31/2019: INV-$545,957.38    NW-$583,896.83

01/31/2019: INV-$554,278.54    NW-$597,803.17

About to leave for 3 weeks in the Philippines.  My money will be working much harder than I will be in February :)

formerlydivorcedmom

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Re: Race from 500k to 1M!
« Reply #1532 on: February 03, 2020, 10:21:10 AM »
We passed $1M in net worth (counting kids' college funds and home equity) this month, which is an exciting and completely meaningless milestone.  I judge myself by invested assets.

2013 EOY - 295k (+37k college funds)
2014 EOT - 337k (+48k college)
2015 EOY - 366k (+54k college)
2016 EOY - 432k (+63k college)
2017 EOY - 532k (+82k college)
2018 EOY - 590k (+97k college)
2019 EOY - 721k (+111k college)

2020 Jan - 721k (+114k college)

We have fully funded oldest kid's college fund, and are 65% for two youngest kids.  Retirement savings are at about 40% of target.

Dr Kidstache

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Re: Race from 500k to 1M!
« Reply #1533 on: February 05, 2020, 07:47:50 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   
Dec 5 2019: $607,806
Jan 5 2020: $634,119 

Feb 5 2020: $642,031 (+$7,912)

monarda

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Re: Race from 500k to 1M!
« Reply #1534 on: February 07, 2020, 09:30:53 PM »
             cash+rental equity  add primary residence equity
1/2016      $507K                $627K
1/2017      $625K                $797K
9/2017      $784K                $904K
12/2017    $762K                $903K  begin remodeling primary residence
3/2018     $725K                 $866K
6/2018     $763K                 $910K  Zillow values for rental properties went way up
9/2018     $830K                 $945K   
12/2018   $821K                 $964K   
3/2019     $833K                 $977K  Rental house is on the market.
6/2019     $820K                 $953K  Had to buy a roof for the rental house. It now is under contract, though.
9/2019     $832K                 $977K  Closed on the rental house!
12/2019   $818K                 $965K  Passed final inspection on our remodel. With Nextdoor valuation for primary residence,  we're at $1,031K for the second number right now. Pretend numbers. Not selling.


1/2020     $836K                 $996K     


2/2020     $845K               $996K      Big property tax bill. Used HELOC
2/7/2020  $853K              $1004K  !! yay!! big day for a stock I own.

1MM dates      3/2022         made it!!

ender

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Re: Race from 500k to 1M!
« Reply #1535 on: February 08, 2020, 08:05:29 AM »
House sale is finalized.

The amount of on hand cash we have is mindblowing for our lives. Transferred some money and we now have one account with $100k in it. In cold hard greenbacks as they say (well, electronic ones).

It's weird to think how few years ago this would have been all of our net worth and now, well, it's not.

Or... if we rented I could just not work for a few years :)


lollylegs

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Re: Race from 500k to 1M!
« Reply #1536 on: February 08, 2020, 05:22:25 PM »
Jan 2018 -  $330,883
July 2018 - $372,389
-----------------------
Jan 2019 -  $376,421
July 2019 - $449,818
Aug 2019 - $461,802
Sept 2019 -$471,690
Nov 2019 - $486,235
Dec 2019 - $498,006
------------------
Jan 2020 - $501,901
Feb 2020 - $518,123

really pleased with this months progress, some 'late' employer contributions finally landed in the account.


ToughMother

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Re: Race from 500k to 1M!
« Reply #1537 on: February 12, 2020, 06:28:12 AM »
MAJOR MILESTONE (temporarily) ACHIEVED!!! goal to Investments = $1M.

Shortly, we'll be dipping into some of these investments to complete the renovation of our new house, but in the meantime, we've gotten to see what it is like to hit our Investment goal of $1M. It is delightful to witness and I look forward to seeing it again much later this year.  In the meantime, thanks for this grey, dank, February moment of victory.

(We've slowed down saving since we've bought a new house, took money out of the investments account for a downpayment, and start a major remodel also using money from our investments. Meanwhile, we are carrying our current house too until we can move into the new one and sell the old.)

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 !!!


actionjackson

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Re: Race from 500k to 1M!
« Reply #1538 on: February 13, 2020, 02:56:01 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
Nov - 684764
Dec - 700320

2020
Jan - 717618
Feb - 739266

Trifele

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Re: Race from 500k to 1M!
« Reply #1539 on: February 13, 2020, 03:51:06 AM »
MAJOR MILESTONE (temporarily) ACHIEVED!!! goal to Investments = $1M.

Congratulations @ToughMother !!!!!!!

asauer

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Re: Race from 500k to 1M!
« Reply #1540 on: February 14, 2020, 12:48:37 PM »

asauer

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Re: Race from 500k to 1M!
« Reply #1541 on: February 14, 2020, 12:50:26 PM »

12/16 - $360,891     $570,338
12/17 - $473,407     $697,411
12/18 - $480,550     $732,108
12/19 - $669,819     $943,739


01/20 - $675,940    $951,251

That's awesome LadyChips!

MayDay

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Re: Race from 500k to 1M!
« Reply #1542 on: February 14, 2020, 08:59:09 PM »
Woohoo, good work everyone! (Or good work market!).

We are hovering above 950k. Could be anytime now depending on the market! It's amazing how fast its done and also how mentally it's been very positive for us even though we are currently spending enough that 1 million isn't enough to retire (we don't really have a specific number in mind yet as we enjoy our jobs and have kids at home so aren't considering retiring soon).

sixwings

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Re: Race from 500k to 1M!
« Reply #1543 on: February 15, 2020, 08:26:35 AM »
976! Will hopefully get there in the next few months if the stock market does well, however our savings rate is decreasing as we have some house repairs to save for over that time.

use2betrix

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Re: Race from 500k to 1M!
« Reply #1544 on: February 15, 2020, 05:48:59 PM »
From Nov 1st 2019 to Feb 15th 2020 we went from $501k to $601k, simply by savings and stock market growth.. Let the good times roll!

SugarMagnolia77

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Re: Race from 500k to 1M!
« Reply #1545 on: February 15, 2020, 07:07:05 PM »
Looks like we might lose a few people to the $1-2 mil thread soon. Congrats, folks!

RWD

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Re: Race from 500k to 1M!
« Reply #1546 on: February 15, 2020, 09:49:51 PM »
From Nov 1st 2019 to Feb 15th 2020 we went from $501k to $601k, simply by savings and stock market growth.. Let the good times roll!

Wow, that's nuts! We're +$80k for the same period. At this point it won't even take average stock market returns for us to reach $1 million by the end of the year. Who knows what it will actually do though...

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #1547 on: February 17, 2020, 01:58:00 PM »
From Nov 1st 2019 to Feb 15th 2020 we went from $501k to $601k, simply by savings and stock market growth.. Let the good times roll!

Wow, that's nuts! We're +$80k for the same period. At this point it won't even take average stock market returns for us to reach $1 million by the end of the year. Who knows what it will actually do though...

Around Nov 1st we were sitting at ~ 750k, today (or by EOM with a few checks/tax returns) we are at ~ 850k

This is through an expensive moving process as well. You're still winning though! (Our living expenses actually grew quite a bit by moving, but it fits our post-FIRE lifestyle better, so I assume you will pull away over time! Good Luck!)

If only we could do this every 3 months ha!

RWD

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Re: Race from 500k to 1M!
« Reply #1548 on: February 17, 2020, 02:07:39 PM »
From Nov 1st 2019 to Feb 15th 2020 we went from $501k to $601k, simply by savings and stock market growth.. Let the good times roll!

Wow, that's nuts! We're +$80k for the same period. At this point it won't even take average stock market returns for us to reach $1 million by the end of the year. Who knows what it will actually do though...

Around Nov 1st we were sitting at ~ 750k, today (or by EOM with a few checks/tax returns) we are at ~ 850k

This is through an expensive moving process as well. You're still winning though! (Our living expenses actually grew quite a bit by moving, but it fits our post-FIRE lifestyle better, so I assume you will pull away over time! Good Luck!)

If only we could do this every 3 months ha!

We're around $890k now. Crazy growth. Our expenses have gone up a bit due to vehicles but it's hard to notice in this market.

Haha, yeah, if only we could guarantee +10% from the S&P 500 per quarter!

charis

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Re: Race from 500k to 1M!
« Reply #1549 on: February 20, 2020, 10:02:05 AM »
Jumping in after dropping the progress threads for a while:

NW:
April 2017: 175k
April 2018: 333k
April 2019: 400k
February 2020: 515k (today)