Author Topic: Race from 500k to 1M!  (Read 479136 times)

mizzourah2006

  • Pencil Stache
  • ****
  • Posts: 753
  • Location: NWA
Re: Race from 500k to 1M!
« Reply #1650 on: May 01, 2020, 03:22:39 PM »
Just crossed over $500k for the stache this past month, so I'll jump in on the race.

Started tracking:
Jan 16: $181.2k

Feb 19: $532.8k

Update to April 1st. $546.25k

Update to October 1st: $620.15k

Feb 1. 20: $710.5k
March 1 20: $685.7k
Apr 1 20: $605.9k
May 1 20: $693.4k

dandypandys

  • Pencil Stache
  • ****
  • Posts: 525
  • Age: 45
  • Location: USA
Re: Race from 500k to 1M!
« Reply #1651 on: May 02, 2020, 12:45:44 PM »
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
March 1st  $499  I am glad I rebalanced the end of Jan, bought more bonds to maintain my IPS.
April 1st $455
May 1st $498.5 didn't check all month, so surprised at this.

coffeefueled

  • Stubble
  • **
  • Posts: 188
Re: Race from 500k to 1M!
« Reply #1652 on: May 02, 2020, 03:33:24 PM »
JAN : $500,606
FEB : $511,261
MAR: $508,145
APR: $421,516
MAY:  $460,751

Will be interesting to see if the market goes back down in a month or two given job loss and business turmoil from covid.

monarda

  • Handlebar Stache
  • *****
  • Posts: 1064
  • Age: 61
Re: Race from 500k to 1M!
« Reply #1653 on: May 02, 2020, 03:39:36 PM »
             cash+rental equity  add primary residence equity
1/2016     $507K                 $627K
1/2017     $625K                 $797K
12/2017   $762K                 $903K  begin remodeling primary residence
12/2018   $821K                 $964K   
12/2019   $818K                 $965K  Passed final inspection on our remodel.

1/2020     $836K                 $996K   
2/2020     $845K                 $996K       
2/7/2020  $853K               $1004K  !! yay!! Briefly over 1MM! big day for a stock I own.

4/2020    $794K                 $944K

5/2020   $818K            $971K


1MM dates, who knows?
« Last Edit: May 04, 2020, 11:50:56 AM by monarda »

Ladychips

  • Pencil Stache
  • ****
  • Posts: 903
Re: Race from 500k to 1M!
« Reply #1654 on: May 02, 2020, 07:18:55 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
02/20 - $632,514     $909,220
03/20 - $570,114     $848,227


04/20 - $639,036   $918,460

Res Ipsa

  • 5 O'Clock Shadow
  • *
  • Posts: 45
Re: Race from 500k to 1M!
« Reply #1655 on: May 04, 2020, 11:34:47 AM »
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
Dec. 1, 2019:    $578,973

Jan. 1, 2020:     $596,311
Feb. 1, 2020:     $598,594
Mar. 1, 2020:     $561,214
Apr. 1, 2020:     $492,223 (corrected to include account that was omitted in last month's total)
May 1, 2020:     $560,026 (includes 401k match)

The rest of the year should be an interesting ride.

Dr Kidstache

  • Bristles
  • ***
  • Posts: 307
Re: Race from 500k to 1M!
« Reply #1656 on: May 05, 2020, 09:58:56 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
Mar 5 2020: $619,455
Apr 5 2020: $525,283

May 5 2020: $587,254  (+$61,970)

Just waiting for the bottom to fall out...

SugarMagnolia77

  • 5 O'Clock Shadow
  • *
  • Posts: 29
Re: Race from 500k to 1M!
« Reply #1657 on: May 07, 2020, 03:29:33 PM »
02/01/2020 - $815,424
03/01/2020 - $825,904
04/01/2020 - $784,893
05/07/2020 - $799,554

I didn't expect to be almost back to where I was at the beginning of February. It doesn't feel real with so many people in trouble these days. We'll see how long it lasts...

Good luck, all. Hang in there.

tips^up

  • 5 O'Clock Shadow
  • *
  • Posts: 64
Re: Race from 500k to 1M!
« Reply #1658 on: May 12, 2020, 02:14:04 PM »
5/1/2020 $277k LNW / $820k TNW
1/1/2020 $297k LNW / $834k TNW
5/1/2020 $242k LNW / $764k TNW

clarkfan1979

  • Handlebar Stache
  • *****
  • Posts: 2465
  • Age: 42
  • Location: Pueblo West, CO
Re: Race from 500k to 1M!
« Reply #1659 on: May 13, 2020, 08:26:28 PM »
I hope to join this race sometime in 2017. We are currently at 422K. We should be around 500K in 10-12 months.

We were at 422K in October 2016.

Now 3.5 years later, we are at 742K.


talltexan

  • Magnum Stache
  • ******
  • Posts: 4565
Re: Race from 500k to 1M!
« Reply #1660 on: May 18, 2020, 06:41:14 AM »
5/1/2020 $277k LNW / $820k TNW
1/1/2020 $297k LNW / $834k TNW
5/1/2020 $242k LNW / $764k TNW

@tips^up , that's a lot of non-liquid assets. You in a paid-for home?

use2betrix

  • Handlebar Stache
  • *****
  • Posts: 2281
Re: Race from 500k to 1M!
« Reply #1661 on: May 19, 2020, 09:55:21 AM »
5/1/2020 $277k LNW / $820k TNW
1/1/2020 $297k LNW / $834k TNW
5/1/2020 $242k LNW / $764k TNW

@tips^up , that's a lot of non-liquid assets. You in a paid-for home?

Could also be investments in rentals, business, or factoring in something like a pension.

Arbitrage

  • Pencil Stache
  • ****
  • Posts: 971
Re: Race from 500k to 1M!
« Reply #1662 on: May 20, 2020, 08:33:32 AM »
Bouncing around between threads, then didn't feel like going through and tallying up the pain for a while.  Dutifully rebalanced and tax-loss-harvested, but sticking to those activities and not sizing up the big picture helps me psychologically with downturns. 

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
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: Something much lower
5/20/20: $950k / 1.428M

Jack0Life

  • Bristles
  • ***
  • Posts: 449
Re: Race from 500k to 1M!
« Reply #1663 on: May 23, 2020, 12:56:04 AM »
We were sooo close to the $1 million mark before the virus.
Were sitting around the $991k mark. Will not make it now.
I'm guessing my company will be shutting down real soon. No work for me for a while.

I can't believe it but we made it past $1 million. My wife doesn't share the excitement as much as I am so I'll share it here.
She keeps asking me if we can retire. NOT YET.
When I posted this on Mar 12th, getting to $1 million was the furthest from my mind.
Mar 13th would be my last day of work and I've been sitting at home since(furloughed). Considering I was making ~$120k, this was a huge blow to our goal. Part of our assets was rentals and I was afraid my tenants wouldn't pay.(I'm somewhat right as I'm still missing Apr and May rent.

A few things that got us to one million even without me working.
- It was a combination of intuition and luck but I reallocated 60% of our VTSAX to bonds at the peak of the market Feb 19th. I resumed to moved everything to bonds after another week. We only had roughly $300k in investments and the rest was real estate. I think we ended up only losing maybe ~$20k during the dip vs losing $100k.
- My wife is still working. She graduated last summer and got a nice job last July making $50k. Not bad for her first gig. She was only there for 6 months until it started stressing her out. Funny thing is I told her she could quit before the pandemic. I told her to hang on until this dies down but it looks like she will continue at least till the end of the year. I'm in the restaurant business so I won't be making $120k again anytime soon. Her salary doesn't cover our expenses(we have a 15yr mortgage) but I've been getting unemployment so we are able to cover expenses for right now without having to dip into savings.
- As mentioned, our break was getting out of the market when it was dipping. I've been reallocating money back into VTSAX so thats where we are making most of money back. We are $6k ahead in our investment accounts VS at the high onFeb19th and $16k ahead since the beginning of the year. Plus I've been playing with the stock market with spare money and ahead  $3500 as of now.

The breakdown is as followed:
210,000- Rental house. Zillow say $242k but I'm happy if I can net $210k for it. Paid off.
138,000- Equity in primary home. Zillow say $356k. Its a brand new home with lots up upgrades. I think its worth more than $356k
              but I'm counting it as $350k. We owe $212k left. The value of these 2 houses we left alone since the pandemic.
184,252- Loan to SIL for house. Our names are on the title. We lend this money @3.5% This was probably one of my dumber
              investment. We had just sold a previous primary home and had all this cash. I was thinking about the 4% rule and while
              getting back just 3.5%, its non-tax so its pretty close to a 4% return and its guaranty. Don't I wish I had this money back.
              I can make so much more from the market right now.
$45,000- 2 paid off cars plus all of our possessions. My wife also has a nice collection of luxury purses(Chanel, LV, Gucci, YLS).
              Basically if we were to move to another country, we can probably sell everything off and get at least $45k.
$16,866- My HSA.
$18,300- My 401k from a previous company.
$79,168- Vanguard Account.
$85,257- Vanguard IRA.
$45,652- Vanguard ROTH.
$16,200- Wife's 401k. I told her to pull this money out when I pulled everything out but she refused. Should be ~$18k.
$56,230- Wife's IRA.
$4,500-   Wife's HSA.
$38,200- Etrade. All stocks.
$6,000-   Gold.
$38,200- CASH.
---------------------
$1,007,230. Grand Total.

I won't be joining any other thread. Our original goal was to hit $1.5 mil and retire but I think we will just work to cover our expenses and let the $1 million grow for us. If my job ever get back to normal I will let my wife quit her job too. For now its nice that she's bringing home the bacon. I got my own sugar mama now.

MikeO

  • 5 O'Clock Shadow
  • *
  • Posts: 66
  • Age: 48
  • Location: Central Florida
Re: Race from 500k to 1M!
« Reply #1664 on: May 26, 2020, 07:54:15 AM »
Investment Accounts
End Of Month Liquid Balance  $$ 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 
Dec 2019  $778,776 $95,881  $260,403 
    
Jan 2020  $777,421 $3,389 $-1,355
Feb 2020  $753,453 $4,390 $-23,968
Mar 2020  $645,440 $11,556 $-108,013
Apr 2020  $716,401 $8,303 $70,961
May 2020  $757,000 $4,080 $40,599


« Last Edit: May 30, 2020, 07:28:54 AM by MikeO »

MikeO

  • 5 O'Clock Shadow
  • *
  • Posts: 66
  • Age: 48
  • Location: Central Florida
Re: Race from 500k to 1M!
« Reply #1665 on: May 26, 2020, 07:59:12 AM »
We were sooo close to the $1 million mark before the virus.
Were sitting around the $991k mark. Will not make it now.
I'm guessing my company will be shutting down real soon. No work for me for a while.

I can't believe it but we made it past $1 million. My wife doesn't share the excitement as much as I am so I'll share it here.
She keeps asking me if we can retire. NOT YET.




Congrats on the huge milestone which is worth celebrating! My wife also doesn't follow it that closely and just keeps asking "can we retire yet?" haha.



Absolutely CONGRATULATIONS!  my wife says the same thing "can we retire yet?"  can't wait for the day I can say YES

Jack0Life

  • Bristles
  • ***
  • Posts: 449
Re: Race from 500k to 1M!
« Reply #1666 on: May 26, 2020, 07:20:52 PM »
Thank You @fireforfun and @MikeO . Mikeo, I'm in your neck of the woods. Similar age and income(not this year LOL). Similar goal on when to retire.

OurTown

  • Handlebar Stache
  • *****
  • Posts: 1279
  • Age: 51
  • Location: Tennessee
Re: Race from 500k to 1M!
« Reply #1667 on: May 29, 2020, 04:32:00 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
3/1/20 = $806
4/1/20 = $744
5/1/20 = $783
6/1/20 = $809

That's break even YTD, I'll take it.

dandypandys

  • Pencil Stache
  • ****
  • Posts: 525
  • Age: 45
  • Location: USA
Re: Race from 500k to 1M!
« Reply #1668 on: May 29, 2020, 10:43:38 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
March 1st  $499  I am glad I rebalanced the end of Jan, bought more bonds to maintain my IPS.
April 1st $455
May 1st $498.5 didn't check all month, so surprised at this.
June 1st $519.5
« Last Edit: June 01, 2020, 08:39:00 AM by dandypandys »

skip207

  • Bristles
  • ***
  • Posts: 395
  • Location: UK
Re: Race from 500k to 1M!
« Reply #1669 on: May 29, 2020, 12:34:59 PM »
01/01/17 £374668
01/01/18 £497097
01/01/19 £547415
01/01/20 £649762
01/02/20 £655831
01/03/20 £644284
01/04/20 £625095
01/05/20 £630000
01/06/20 £646995

May is an estimate as I managed to screw up my excel sheet!



salt cured

  • Bristles
  • ***
  • Posts: 284
Re: Race from 500k to 1M!
« Reply #1670 on: May 29, 2020, 02:33:06 PM »
Congrats everyone on becoming rich again

11/30/19: $496k
12/31/19: $524k
01/31/20: $533k
02/29/20: $507k
03/31/20: $458k
04/30/20: $510k
05/31/20: $542k

bownyboy

  • Stubble
  • **
  • Posts: 115
  • Location: UK
Re: Race from 500k to 1M!
« Reply #1671 on: May 30, 2020, 02:14:32 AM »
Jan 2017 - £346,854
===============
Jan 2018 - £456,088
===============
Jan 2019 - £495,379
===============
Jan 2020 - £606,791
Feb 2020 - £598,230 (-£8,561)
Mar 2020 - £622,178 (+£23,948)
Apr 2020 - £587,380 (-£34,798)
May 2020 - £605,014 (+£17,364)
Jun 2020 - £635,485 (+£30,471)

Wow biggest gain this month as the markets rallied towards the end of this week.

Target is £670k by September when my current contract finishes.

Trifele

  • Magnum Stache
  • ******
  • Posts: 3792
  • Age: 54
  • Location: Outside, NC, US
    • In The Garden
Re: Race from 500k to 1M!
« Reply #1672 on: May 30, 2020, 07:00:54 AM »
Tracking retirement savings only (excludes 529s and home equity)

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  FIREd
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
12/1/19   $870

1/1/20     $886
2/1/20     $881
3/1/20     $845
4/1/20     $745
5/1/20     $815
6/1/20     $848
« Last Edit: May 30, 2020, 07:53:18 AM by Trifele »

2Birds1Stone

  • Walrus Stache
  • *******
  • Posts: 6599
  • Age: 1
  • Location: Earth
  • K Thnx Bye
Re: Race from 500k to 1M!
« Reply #1673 on: May 30, 2020, 07:19:30 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 FIRE'd
11/1/2019 - $675,000
12/1/2019 - $695,700
01/1/2020 - $717,000
02/1/2020 - $721,000
03/1/2020 - $702,500
04/1/2020 - $651,000
05/1/2020 - $686,700
06/1/2020 - $702,200

achvfi

  • Bristles
  • ***
  • Posts: 321
  • Location: Midwest
Re: Race from 500k to 1M!
« Reply #1674 on: May 31, 2020, 09:28:09 AM »
I am looking forward to be in this race soon and posting to follow for inspiration.

We have been tracking our progress in 250K-500K race so far. This end of this month we have about 400K in liquid investments and closing in on 600K in net worth after including real estate and related 30 year fixed mortgage.

Trifele

  • Magnum Stache
  • ******
  • Posts: 3792
  • Age: 54
  • Location: Outside, NC, US
    • In The Garden
Re: Race from 500k to 1M!
« Reply #1675 on: May 31, 2020, 10:35:15 AM »
I am looking forward to be in this race soon and posting to follow for inspiration.

We have been tracking our progress in 250K-500K race so far. This end of this month we have about 400K in liquid investments and closing in on 600K in net worth after including real estate and related 30 year fixed mortgage.

Welcome!

monarda

  • Handlebar Stache
  • *****
  • Posts: 1064
  • Age: 61
Re: Race from 500k to 1M!
« Reply #1676 on: May 31, 2020, 08:48:25 PM »
             cash+rental equity  add primary residence equity
1/2016     $507K                 $627K
1/2017     $625K                 $797K
12/2017   $762K                 $903K  begin remodeling primary residence
12/2018   $821K                 $964K   
12/2019   $818K                 $965K  Passed final inspection on our remodel.

1/2020     $836K                 $996K   
2/2020     $845K                 $996K       
2/7/2020  $853K               $1004K  !! yay!! Briefly over 1MM! big day for a stock I own.
4/2020     $794K                 $944K
5/2020     $818K                 $971K

6/2020    $852K             $1005K   we'll see if it sticks this time
6/2020 mod $867K           $1044K  Zillow values on our properties went way up.
6/2020 mod2 $746K          $865K   (Using very conservative tax assessed values)

1MM dates, who knows         made it!
« Last Edit: June 21, 2020, 08:36:44 AM by monarda »

fattest_foot

  • Pencil Stache
  • ****
  • Posts: 856
Re: Race from 500k to 1M!
« Reply #1677 on: June 01, 2020, 09:05:03 AM »
                       2014                2015                2016                2017                2018                2019                2020               
January----$341,983$403,773$562,839
February----$333,875$423,854$523,480
March----$328,485$435,590$455,522
April----$338,787$455,332$527,729
May----$353,747$439,288$563,352
June----$361,028$471,706-
July----$381,336$483,830-
August----$402,486$479,814-
September----$408,560$494,165-
October----$383,538$512,168-
November----$397,907$537,136-
December$97,686$129,157$206,179$317,990$366,214$557,416-
« Last Edit: June 02, 2020, 04:31:57 PM by fattest_foot »

Ladychips

  • Pencil Stache
  • ****
  • Posts: 903
Re: Race from 500k to 1M!
« Reply #1678 on: June 01, 2020, 11:03:08 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
02/20 - $632,514     $909,220
03/20 - $570,114     $848,222
04/20 - $639,036     $918,460

5/20 - $668,874     $949803

It's exciting to see I'm back to December level...until I think about the $20,000+ we've contributed in that time.  But, as always, it doesn't matter.  I'm retiring in 13 months (as of today) regardless of the size of the stash.

turketron

  • Pencil Stache
  • ****
  • Posts: 666
  • Age: 35
  • Location: WI
Re: Race from 500k to 1M!
« Reply #1679 on: June 01, 2020, 11:04:33 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
Mar 1 2020: $522,077.78
Apr 1 2020: $451,185.96
May 1 2020: $510,875.92
Jun 1 2020: $551,923.37

Bounced back to just about where I was in Feb!

afuera

  • Bristles
  • ***
  • Posts: 479
  • Age: 30
  • Location: Stuck in an office, behind a screen, underneath fluorescent lights
Re: Race from 500k to 1M!
« Reply #1680 on: June 01, 2020, 03:32:57 PM »

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

01/31/2020: INV-$554,278.54    NW-$597,803.17
02/29/2020: INV-$530,928.16    NW-$572,428.24
03/31/2020: INV-$475,079.49    NW-$519,370.12
04/30/2020: INV-$529,397.31    NW-$573,982.99
05/31/2020: INV-$573,990.90    NW-$621,671.08

Pretty much recovered from the initial drop and was able to put my yearly bonus in while things were on sale. I'm lucky that my yearly bonus is in March every year.
NW is over 600K for this first time ever so that is cool too.

use2betrix

  • Handlebar Stache
  • *****
  • Posts: 2281
Re: Race from 500k to 1M!
« Reply #1681 on: June 01, 2020, 07:46:43 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
Dec 1, 2019 - $518,285
Jan 1, 2020 - $544,655
Feb 1, 2020 - $573,474
Mar 1, 2020 - $557,410
Apr 1, 2020 - $494,414
May 1, 2020 - $572,376
June 1, 2020 - $618,048

Good gains for the month, saved a lot and some good market growth. Iíve invested about $70k of my cash reserves and savings over the last 3-4 months and itís going to pay off big as the market keeps recovering (whether itís in 3 months or 12 months).

Even with the market down, Iím still up about $75k for the year. My actual savings this year is about $80k, so pretty dang good considering the market..

YoungGranny

  • Pencil Stache
  • ****
  • Posts: 746
  • Age: 31
Re: Race from 500k to 1M!
« Reply #1682 on: June 04, 2020, 07:20:59 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
Mar 2, 2020: $861.9k
Apr 2, 2020: $729.1k
May 1, 2020: $829.6k

June 4, 2020: $899.0k

JJ-

  • Pencil Stache
  • ****
  • Posts: 603
Re: Race from 500k to 1M!
« Reply #1683 on: June 04, 2020, 10:14:28 PM »
Jan 2017  $275k
Jan 2018 $356k
Jan 2019 $447k
Jan 2020 $559k (433 liquid + 126 prop)

Jun 2020 $560k (440 liquid + 120 prop)

Icecreamarsenal

  • Pencil Stache
  • ****
  • Posts: 600
  • Location: New Jersey
  • Burnt
Re: Race from 500k to 1M!
« Reply #1684 on: June 05, 2020, 08:51:47 AM »
I've graduated from NW 1MM but most of my nw is tied up in real estate, and who really knows what that stuff is worth in this era.
I'm going to use this thread to hold my post-tax account accountable.

5/3/20: 64k

6/4/20: 595k
It's been a wild and scary ride with options in $C, $TSLA, $FLIR, and $DKNG, to name a few.  Gonna go back to conservative MMM mode.

Really for myself.  Graduated NW 1Mm last year, then decided to recalc without real estate.  Originally was going to do post-tax investment accounts then decided to lump it all for easier tracking.  Made some quick money with options trading.  Will continue to trade options but most money is DCA into Vanguard mutual funds with tax loss harvesting every month when applicable.

tips^up

  • 5 O'Clock Shadow
  • *
  • Posts: 64
Re: Race from 500k to 1M!
« Reply #1685 on: June 05, 2020, 11:54:54 AM »
5/1/2020 $277k LNW / $820k TNW
1/1/2020 $297k LNW / $834k TNW
5/1/2020 $242k LNW / $764k TNW

@tips^up , that's a lot of non-liquid assets. You in a paid-for home?

2 houses in an expensive and desirable area - our primary and a rental.  The rental has 2 units, our primary home has a lock-off basement, so 3 total rental units.  Bought the rental in 2013, substantial equity.  Both are included in my total net worth estimate by the following calculation:
(Estimated market value * 94%) - loan balance = real estate equity

I am an appraiser by trade, so the market value is updated when necessary (every 6 months to year or so).  94% is the estimated net after 6% selling costs.  Loan balances being paid down by renters every month, we essentially have no rent/mortgage, so I've been able to accelerate savings.

My largest (3 bedroom) unit just rented out starting 6/1 for $3k+utilities immediately.  There was 0 hours of vacancy, very high demand, no drop in rent.  I was surprised and mentally prepared to encounter covid-19 conditions, but not the case here at this time.

Looking at another up/down duplex tomorrow.  I'd like to add a few more rentals to surpass my "job" income, then coast off into FIRE.
« Last Edit: June 05, 2020, 11:57:21 AM by tips^up »

Woodro85

  • 5 O'Clock Shadow
  • *
  • Posts: 40
Re: Race from 500k to 1M!
« Reply #1686 on: June 05, 2020, 12:02:49 PM »
2013   -$14,500.00

2/1/2020   $500,122.69
3/1/2020   $497,515.82
4/1/2020   $489,899.65
5/1/2020   $513,921.29

I'm joining you folks on my next goal of a $1,000,000! Started focusing on this journey in 2013 with a negative net worth. 7 years later and I'm over half a mill. This is networth but excludes my wife's assets. Depending on my forecast, it should be 5-6 years so let's say July 2025. I've had some good years where I've been way ahead of forecast, but don't want to get too cocky. Current estimate is fully FI at 47, 12.5 years away.

Res Ipsa

  • 5 O'Clock Shadow
  • *
  • Posts: 45
Re: Race from 500k to 1M!
« Reply #1687 on: June 05, 2020, 03:53:46 PM »
Congrats Jack0Life!

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
Dec. 1, 2019:    $578,973

Jan. 1, 2020:     $596,311
Feb. 1, 2020:     $598,594
Mar. 1, 2020:     $561,214
Apr. 1, 2020:     $492,223
May 1, 2020:     $560,026
June 1, 2020:    $605,735

It's gone up even more since 6/1.  Crazy, especially given the state of unemployment, etc.  Feel as though I'm buying too high with the money I'm putting in now.  Keep your hands and arms inside the ride at all times.

Dr Kidstache

  • Bristles
  • ***
  • Posts: 307
Re: Race from 500k to 1M!
« Reply #1688 on: June 05, 2020, 04:27:50 PM »
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
Mar 5 2020: $619,455
Apr 5 2020: $525,283
May 5 2020: $587,254 

June 5 2020: $654,920 (+$67,666)

I'm with you @Res Ipsa, it just feels wrong to be up with all the suffering happening in our country right now ....

Trifele

  • Magnum Stache
  • ******
  • Posts: 3792
  • Age: 54
  • Location: Outside, NC, US
    • In The Garden
Re: Race from 500k to 1M!
« Reply #1689 on: June 06, 2020, 06:39:15 AM »
2013   -$14,500.00

2/1/2020   $500,122.69
3/1/2020   $497,515.82
4/1/2020   $489,899.65
5/1/2020   $513,921.29

I'm joining you folks on my next goal of a $1,000,000! Started focusing on this journey in 2013 with a negative net worth. 7 years later and I'm over half a mill. This is networth but excludes my wife's assets. Depending on my forecast, it should be 5-6 years so let's say July 2025. I've had some good years where I've been way ahead of forecast, but don't want to get too cocky. Current estimate is fully FI at 47, 12.5 years away.

Welcome @Woodro85 --  Nice progress!

MayDay

  • Magnum Stache
  • ******
  • Posts: 4757
Re: Race from 500k to 1M!
« Reply #1690 on: June 07, 2020, 09:25:23 AM »
Holy crap we are close!  End of May was 987,000.  Could be next month, or else July!  (Or not, as March taught us). 


mizzourah2006

  • Pencil Stache
  • ****
  • Posts: 753
  • Location: NWA
Re: Race from 500k to 1M!
« Reply #1691 on: June 08, 2020, 12:25:30 PM »
Just crossed over $500k for the stache this past month, so I'll jump in on the race.

Started tracking:
Jan 16: $181.2k

Feb 19: $532.8k

Update to April 1st. $546.25k

Update to October 1st: $620.15k

Feb 1. 20: $710.5k
March 1 20: $685.7k
Apr 1 20: $605.9k
May 1 20: $693.4k

June 1 20: $724.5k

Back up for the year (of course this counts a decent chunk of contributions too).

asauer

  • Pencil Stache
  • ****
  • Posts: 819
  • Location: North Carolina
Re: Race from 500k to 1M!
« Reply #1692 on: June 09, 2020, 06:37:58 AM »
Well....I have absolutely no idea what's happening with the stock market but we're up to nearly our Feb high (mid Feb)

Monthly stats update:
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
The month that must not be named...
April 1: 768,000
May 1: 807,000
Jun 11: 906,000

talltexan

  • Magnum Stache
  • ******
  • Posts: 4565
Re: Race from 500k to 1M!
« Reply #1693 on: June 09, 2020, 07:47:04 AM »
@asauer , I like your approach to March. Just let it ride, and don't look!

Jack0Life

  • Bristles
  • ***
  • Posts: 449
Re: Race from 500k to 1M!
« Reply #1694 on: June 11, 2020, 08:33:22 PM »
LOL, I might be back below $1 million after today.
Got to $1,028,000 ish but it was brutal today. Looking for lots of green tomorrow.

Trifele

  • Magnum Stache
  • ******
  • Posts: 3792
  • Age: 54
  • Location: Outside, NC, US
    • In The Garden
Re: Race from 500k to 1M!
« Reply #1695 on: June 12, 2020, 05:03:44 AM »
Guys, I was wondering -- do most people include pensions in their numbers?  My DH has a mini state pension that starts at age 55 and I've never included it as part of our savings number.  (Just being conservative, I guess, since it's not "money in the hand.")  He starts getting it next year though, so it's seeming a lot more real now.

If I want to include it, do I take the expected annual payout and multiply by 25 for the value?

charis

  • Handlebar Stache
  • *****
  • Posts: 2354
Re: Race from 500k to 1M!
« Reply #1696 on: June 12, 2020, 07:47:59 AM »
Guys, I was wondering -- do most people include pensions in their numbers?  My DH has a mini state pension that starts at age 55 and I've never included it as part of our savings number.  (Just being conservative, I guess, since it's not "money in the hand.")  He starts getting it next year though, so it's seeming a lot more real now.

If I want to include it, do I take the expected annual payout and multiply by 25 for the value?

I include my mini pension, but just the current cash of the account, which is the amount I would receive if I withdrew it today.  I think trying to calculate the future value is too speculative to include in NW.  But NW is a somewhat useless number, it's good for tracking your overall financial health, but doesn't necessarily correlate with RE.
« Last Edit: June 12, 2020, 07:56:56 AM by charis »

Trifele

  • Magnum Stache
  • ******
  • Posts: 3792
  • Age: 54
  • Location: Outside, NC, US
    • In The Garden
Re: Race from 500k to 1M!
« Reply #1697 on: June 12, 2020, 08:47:39 AM »
Guys, I was wondering -- do most people include pensions in their numbers?  My DH has a mini state pension that starts at age 55 and I've never included it as part of our savings number.  (Just being conservative, I guess, since it's not "money in the hand.")  He starts getting it next year though, so it's seeming a lot more real now.

If I want to include it, do I take the expected annual payout and multiply by 25 for the value?

I include my mini pension, but just the current cash of the account, which is the amount I would receive if I withdrew it today.  I think trying to calculate the future value is too speculative to include in NW.  But NW is a somewhat useless number, it's good for tracking your overall financial health, but doesn't necessarily correlate with RE.

Thanks @charis -- It doesn't look like there is any ability to withdraw a lump sum from this plan.  Looks like the value lies in the ongoing payments.  I could do something like multiply the annual benefit by the number of years of life expectancy?  Then maybe decrease that a bit to reflect the possibility that the state could decrease the amount or stop payments?  (Honestly I can't imagine that happening.  I think there would be a big outcry if the state tried to tinker with teacher's pensions ...)
 

use2betrix

  • Handlebar Stache
  • *****
  • Posts: 2281
Re: Race from 500k to 1M!
« Reply #1698 on: June 12, 2020, 09:49:53 AM »
Guys, I was wondering -- do most people include pensions in their numbers?  My DH has a mini state pension that starts at age 55 and I've never included it as part of our savings number.  (Just being conservative, I guess, since it's not "money in the hand.")  He starts getting it next year though, so it's seeming a lot more real now.

If I want to include it, do I take the expected annual payout and multiply by 25 for the value?

I include my mini pension, but just the current cash of the account, which is the amount I would receive if I withdrew it today.  I think trying to calculate the future value is too speculative to include in NW.  But NW is a somewhat useless number, it's good for tracking your overall financial health, but doesn't necessarily correlate with RE.

Thanks @charis -- It doesn't look like there is any ability to withdraw a lump sum from this plan.  Looks like the value lies in the ongoing payments.  I could do something like multiply the annual benefit by the number of years of life expectancy?  Then maybe decrease that a bit to reflect the possibility that the state could decrease the amount or stop payments?  (Honestly I can't imagine that happening.  I think there would be a big outcry if the state tried to tinker with teacher's pensions ...)

When summarizing my net worth, be it for your own personal records, or if you would like for this thread, I would simply outline the high level benefits of the pension. Maybe at the beginning (or end) simply add, ď*Pension of $xxxx/mo to start January 1, 2021Ē or similar.

People calculate their net worth all sorts of different ways around here. Some include a house, some donít. Others include rental properties, otherís donít.

Trifele

  • Magnum Stache
  • ******
  • Posts: 3792
  • Age: 54
  • Location: Outside, NC, US
    • In The Garden
Re: Race from 500k to 1M!
« Reply #1699 on: June 12, 2020, 11:06:05 AM »
Guys, I was wondering -- do most people include pensions in their numbers?  My DH has a mini state pension that starts at age 55 and I've never included it as part of our savings number.  (Just being conservative, I guess, since it's not "money in the hand.")  He starts getting it next year though, so it's seeming a lot more real now.

If I want to include it, do I take the expected annual payout and multiply by 25 for the value?

I include my mini pension, but just the current cash of the account, which is the amount I would receive if I withdrew it today.  I think trying to calculate the future value is too speculative to include in NW.  But NW is a somewhat useless number, it's good for tracking your overall financial health, but doesn't necessarily correlate with RE.

Thanks @charis -- It doesn't look like there is any ability to withdraw a lump sum from this plan.  Looks like the value lies in the ongoing payments.  I could do something like multiply the annual benefit by the number of years of life expectancy?  Then maybe decrease that a bit to reflect the possibility that the state could decrease the amount or stop payments?  (Honestly I can't imagine that happening.  I think there would be a big outcry if the state tried to tinker with teacher's pensions ...)

When summarizing my net worth, be it for your own personal records, or if you would like for this thread, I would simply outline the high level benefits of the pension. Maybe at the beginning (or end) simply add, ď*Pension of $xxxx/mo to start January 1, 2021Ē or similar.

People calculate their net worth all sorts of different ways around here. Some include a house, some donít. Others include rental properties, otherís donít.

I'm not tracking net worth in this thread, just retirement accounts . . .  So I guess it makes sense to leave it out.   I like your thinking @use2betrix that it is income, not a retirement asset.  I'll think of it that way.