Author Topic: Race from 500k to 1M!  (Read 479145 times)

Wintergreen78

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Re: Race from 500k to 1M!
« Reply #1800 on: August 27, 2020, 01:49:55 PM »
Just over $900k. One of the meaningless numbers I calculate when I do my check-ins is my increase or decrease from my last check in in dollars per day. I知 averaging a net worth increase of $1,200/day since April 1. That is pretty good for being retired.

So, at this rate I should hit $1,000,000 on November 18.

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #1801 on: August 27, 2020, 04:04:13 PM »
Just over $900k. One of the meaningless numbers I calculate when I do my check-ins is my increase or decrease from my last check in in dollars per day. I知 averaging a net worth increase of $1,200/day since April 1. That is pretty good for being retired.

So, at this rate I should hit $1,000,000 on November 18.

What about the rate from Jan 1 :)

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #1802 on: August 27, 2020, 04:11:42 PM »
I see people "sticking around" after they hit 1m instead of graduating. Why is this? There is 100% always a chance, or rather, a certainty you will drop back into the "6 figure club". I don't think the 1m-2m race folks will bite if your 4th post is 980k after a market drop :)

How safely into the next bracket do we really need to be to be "real" millionaires.

I think this stems from everyone being so damn conservative here haha

salt cured

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Re: Race from 500k to 1M!
« Reply #1803 on: August 27, 2020, 04:18:58 PM »
I see people "sticking around" after they hit 1m instead of graduating. Why is this? There is 100% always a chance, or rather, a certainty you will drop back into the "6 figure club". I don't think the 1m-2m race folks will bite if your 4th post is 980k after a market drop :)

I wholeheartedly agree and am perplexed why someone would announce they are sticking around this thread to make sure the million sticks or whatever their reason. It's a race to one million. Once you hit it, whether on the second day of the month or the last, do a little dance, post your update, and move on to the next thread and don't look back.

TempusFugit

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Re: Race from 500k to 1M!
« Reply #1804 on: August 27, 2020, 04:23:08 PM »
I see people "sticking around" after they hit 1m instead of graduating. Why is this? There is 100% always a chance, or rather, a certainty you will drop back into the "6 figure club". I don't think the 1m-2m race folks will bite if your 4th post is 980k after a market drop :)

How safely into the next bracket do we really need to be to be "real" millionaires.

I think this stems from everyone being so damn conservative here haha


I think of myself as an alumnus of this thread, with visiting privileges. When I hit 1M in TNW, I posted in the 1-2M thread as a 'probationary' member and then when LNW crossed the line I thought of myself as an official member of the next group. 

Sid Hoffman

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Re: Race from 500k to 1M!
« Reply #1805 on: August 27, 2020, 05:14:37 PM »
So I'm just now joining this thread I guess maybe in disbelief that the bull market is still going. I started my journey in earnest in 2012 I guess so:

Dec 31 of:
Year   Total Worth
2012:   $170,820
2013:   $296,894
2014:   $335,473
2015:   $337,513
2016:   $428,895
2017:   $309,063
2018:   $370,660
2019:   $608,414

Aug 27, 2020:   $743,325

It still doesn't even seem real to me. In just a little over a year and a half from Dec 31, 2018 to the present date my NW doubled almost on the nose and it's not like I got a pay raise or lowered expenses in that time period. It's just been slow and steady investing in broad stock funds for the most part.

I know I've read people saying that it can be shocking how quickly you build wealth once you're up in the high 6's and into the 7-digit range but this honestly took me by surprise. It was almost 6 years from 2012 to 2018 to double, then this seemingly unreal bubble of a run to double in 20 months? I mean I guess if the market crashes and stalls this fall and doesn't come back for 10 years then so be it, but in the meantime I guess I'm technically in the hunt for this goal of making my first million too.

Wintergreen78

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Re: Race from 500k to 1M!
« Reply #1806 on: August 27, 2020, 05:30:39 PM »
Just over $900k. One of the meaningless numbers I calculate when I do my check-ins is my increase or decrease from my last check in in dollars per day. I知 averaging a net worth increase of $1,200/day since April 1. That is pretty good for being retired.

So, at this rate I should hit $1,000,000 on November 18.

What about the rate from Jan 1 :)

Almost exactly $0/day! But I did also buy a new car.

And obviously the proper way to do this is to only use the number from the arbitrary date I picked, then extrapolate forward assuming the current trend will continue forever.

Weisass

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Re: Race from 500k to 1M!
« Reply #1807 on: August 28, 2020, 05:51:14 PM »
Decided to wait to post here until our investments topped 500k. We have saving in earnest for abt 10 years, and have kept at it despite kids and buying a house. Today was the day I checked our investments and they were over 500k!

So our NW stats:

8/28/2020: 741,386 (502,150 invested)
« Last Edit: August 28, 2020, 05:53:32 PM by Mrsweisass »

skip207

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Re: Race from 500k to 1M!
« Reply #1808 on: August 29, 2020, 03:55:57 AM »
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
01/07/20 」669225
01/08/20 」685094
01/09/20 」703184

Well Monday is a holiday so posting early.

A massive milestone for me today, >」700k.

Incredible for me and so happy even if its short lived LOL :)

Next big push for 750k (which is $1MM :D )

Trifele

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Re: Race from 500k to 1M!
« Reply #1809 on: August 29, 2020, 04:42:19 AM »
welcome @Mrsweisass (great name) and congrats @skip207!  Nice milestone.  :)

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #1810 on: August 29, 2020, 06:39:39 AM »
Well, yesterday after readjusting my home value and one of my side investments, I officially cracked 1 mil.

This is my largest monthly gain ever, I never even had a post in the 900k range. To be fair, I would have but I only adjust my home value every so often (it went up 20-30k, my other investment went up 20-30k, and VTSAX has gone up some unreal amount in the last month)

I've been in this thread (and the 250k-500k one) every single month from 2015 on, back when I had a NW of 250k. It took around 4.5 years to add the other 750k...

I'll still do my last monthly check-in, in a few days, to top it off!
« Last Edit: August 29, 2020, 06:41:12 AM by TheAnonOne »

OurTown

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Re: Race from 500k to 1M!
« Reply #1811 on: August 29, 2020, 07:17:39 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
7/1/20 = $827
8/1/20 = $861
9/1/20 = $893

AnxietyFly

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Re: Race from 500k to 1M!
« Reply #1812 on: August 29, 2020, 02:29:55 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)


2015 296,000
2016 402,438
2017 534,213
2018 631,884
2019 817,971
Current 782,688
EOY Est 782,688

2015 296,000
2016 402,438
2017 534,213
2018 631,884
2019 817,971
Current 855,000
EOY Est 855,000

2015 296,000
2016 402,438
2017 534,213
2018 631,884
2019 817,971
Current 916,473
EOY Est 950,000

Weisass

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Re: Race from 500k to 1M!
« Reply #1813 on: August 29, 2020, 08:20:36 PM »
welcome @Mrsweisass (great name) and congrats @skip207!  Nice milestone.  :)

Thanks so much for the welcome! It is great to be here :D

Jack0Life

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Re: Race from 500k to 1M!
« Reply #1814 on: August 30, 2020, 11:44:17 AM »
I see people "sticking around" after they hit 1m instead of graduating. Why is this? There is 100% always a chance, or rather, a certainty you will drop back into the "6 figure club". I don't think the 1m-2m race folks will bite if your 4th post is 980k after a market drop :)

How safely into the next bracket do we really need to be to be "real" millionaires.

I think this stems from everyone being so damn conservative here haha

I have no interest in hitting $2 millions.
I think that if I still have my $120k job and my wife were interested in climbing the corporate ladder, we could maybe get close to $2 millions in 5 yrs as we are a DINK couple but whats the point. Our objective is to let our million grow and just work minimally just to cover expenses. In 5 yrs, the million will be what ever it will be and we can retire for good.
Even living on $60k is extravagant for us and that's with a $2000 house expense.
Maybe my new goal is $1 mil without equity in our primary home.

bownyboy

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Re: Race from 500k to 1M!
« Reply #1815 on: August 30, 2020, 12:34:54 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
01/07/20 」669225
01/08/20 」685094
01/09/20 」703184

Well Monday is a holiday so posting early.

A massive milestone for me today, >」700k.

Incredible for me and so happy even if its short lived LOL :)

Next big push for 750k (which is $1MM :D )

Congrats skip207! I feel our progress has been closely mirrored with you always just a little ahead of me!

My eta for 」700k is December, after which I'm calling it quits!

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)
Jul 2020 - 」645,221 (+」9,736)
Aug 2020 - 」634,258 (-」10,963)
Sep 2020 - 」650,643 (+」16,385)

Icecreamarsenal

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Re: Race from 500k to 1M!
« Reply #1816 on: August 30, 2020, 07:17:19 PM »
5/3/20: 64k
6/4/20: 595k
7/1/20: 596k
Static, not much movement.
Is your May number accurate?  Just seems like a very big leap, so if it is assuming large deposits.
Thanks, just caught that.
And I'm reading the Wheel of Time series now.  Boy he is a bit verbose.  Book 6, just 6000 more pages to go.

skip207

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Re: Race from 500k to 1M!
« Reply #1817 on: August 31, 2020, 01:32:05 AM »
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
01/07/20 」669225
01/08/20 」685094
01/09/20 」703184

Well Monday is a holiday so posting early.

A massive milestone for me today, >」700k.

Incredible for me and so happy even if its short lived LOL :)

Next big push for 750k (which is $1MM :D )

Congrats skip207! I feel our progress has been closely mirrored with you always just a little ahead of me!

My eta for 」700k is December, after which I'm calling it quits!

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)
Jul 2020 - 」645,221 (+」9,736)
Aug 2020 - 」634,258 (-」10,963)
Sep 2020 - 」650,643 (+」16,385)

Cheers and good luck for December.  We are pushing on till probably Sept/Oct next year if things go ok with the economy next year.   My target is 850k. 

talltexan

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Re: Race from 500k to 1M!
« Reply #1818 on: August 31, 2020, 07:30:43 AM »
I see people "sticking around" after they hit 1m instead of graduating. Why is this? There is 100% always a chance, or rather, a certainty you will drop back into the "6 figure club". I don't think the 1m-2m race folks will bite if your 4th post is 980k after a market drop :)

I wholeheartedly agree and am perplexed why someone would announce they are sticking around this thread to make sure the million sticks or whatever their reason. It's a race to one million. Once you hit it, whether on the second day of the month or the last, do a little dance, post your update, and move on to the next thread and don't look back.

Stick-around-er here: I think one of the things I've learned about wealth is that it's...a little bit fungible. Sure I have a pile of money in this asset, but its worth dances around from day-to-day, and I cannot get at it all at once without damaging part of it (through fees and transaction costs). So even if I have a statement telling me that it's worth $xxx,xxx, it's probably not quite worth that, particularly if it's behind a curtain that is meant to provide a tax incentive in exchange for using it for late-retirement purposes. So I think a bunch of us are trying to build in just a bit more margin for reporting on stats like this one, perhaps by underestimating home equity.

Also, the stock market is capable of having a -30% year at any time. As we just experienced.

Arbitrage

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Re: Race from 500k to 1M!
« Reply #1819 on: August 31, 2020, 07:50:02 AM »
5/3/20: 64k
6/4/20: 595k
7/1/20: 596k
Static, not much movement.
Is your May number accurate?  Just seems like a very big leap, so if it is assuming large deposits.
Thanks, just caught that.
And I'm reading the Wheel of Time series now.  Boy he is a bit verbose.  Book 6, just 6000 more pages to go.

I think I gave up midway through book 7 after realizing that 1.5 large books had passed and almost nothing had happened.  Just spoke to someone who finished the whole thing and really liked the Sanderson finish to the series, but I definitely had had enough with the Jordan descriptions.  That was 20+ years ago that I last cracked those; maybe in ER I'll give it another go.

BiggerFishToFI

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Re: Race from 500k to 1M!
« Reply #1820 on: August 31, 2020, 08:25:29 AM »
Month   Investments   Networth   
04/30/17   $67,858   $125,786   <---- Discovered MMM / LBYM
09/30/17   $100,416   $168,105   <---- 100k Invested
01/31/19   $251,061   $311,711   <---- 250k Invested
06/30/20   $501,158   $573,100   <---- 500k Invested
07/31/20   $534,311   $613,166   
08/31/20   $582,298   $662,814   

Another solid month. Also refinancing our house this month and I am going to dump an extra 10k into it from our savings account to lower our monthly by an additional ~$40/month. After which I won't contribute any extra to principal for a while.

I think the extrapolation in market gains that people are doing here is totally reasonable, and my investment accounts growing by $200k over the last 5 months is very sustatainable. Actually, it should be even higher the next 5 months because of compounding no doubt. :)

Trifele

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Re: Race from 500k to 1M!
« Reply #1821 on: August 31, 2020, 08:37:34 AM »
I see people "sticking around" after they hit 1m instead of graduating. Why is this? There is 100% always a chance, or rather, a certainty you will drop back into the "6 figure club". I don't think the 1m-2m race folks will bite if your 4th post is 980k after a market drop :)

I wholeheartedly agree and am perplexed why someone would announce they are sticking around this thread to make sure the million sticks or whatever their reason. It's a race to one million. Once you hit it, whether on the second day of the month or the last, do a little dance, post your update, and move on to the next thread and don't look back.

Stick-around-er here: I think one of the things I've learned about wealth is that it's...a little bit fungible. Sure I have a pile of money in this asset, but its worth dances around from day-to-day, and I cannot get at it all at once without damaging part of it (through fees and transaction costs).

Another stick-around-er here.  I'll take this^ a step further and say we don't include home equity at all in this thread.  We intend to live in our house until we die, so it's not money we can tap in any way we would want to.  I also choose not to include the $ in our kids' 529 plans, since that money is going to go <poof> in a few years when they attend college.  In this thread I like tracking just the cash that DH and I have to live on.  To each his own!  It's all good. 

 

Imustacheyouaquestion

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Re: Race from 500k to 1M!
« Reply #1822 on: August 31, 2020, 08:52:40 AM »
Hello, checking in here after calling myself "graduated" from the race to $500k thread.

Starting point for 9/1/2020: $517,937.94

My next interim goal is going to be $750k by the end of 2022.

facepalm

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Re: Race from 500k to 1M!
« Reply #1823 on: August 31, 2020, 08:58:05 AM »
                       2017                2018                2019                2020     
January-318,100359,000465,145
February-321,800370,750467,380
March-313,540378,525418,695
April255,900322,810391,005454,145
May263,800328,600397,260472,320
June268,100331,860407,265485,420
July273,100340,250413,395502,730
August276,800341,770413,070512,350
September284,500348,465420,460-
October292,100343,960429,655-
November302,000347,470442,315-
December309,500340,950447,950-

This was with zero contributions to any of my accounts. Nice month.

Looks like I'll need at least one more column before I graduate to the 1 million club :-)
« Last Edit: October 01, 2020, 02:47:21 PM by facepalm »

Trifele

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Re: Race from 500k to 1M!
« Reply #1824 on: August 31, 2020, 09:49:15 AM »
Hello, checking in here after calling myself "graduated" from the race to $500k thread.

Starting point for 9/1/2020: $517,937.94

My next interim goal is going to be $750k by the end of 2022.

Welcome!  I bet there値l be more folks joining. It痴 been a good month. 

caracarn

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Re: Race from 500k to 1M!
« Reply #1825 on: August 31, 2020, 11:06:06 AM »
5/3/20: 64k
6/4/20: 595k
7/1/20: 596k
Static, not much movement.
Is your May number accurate?  Just seems like a very big leap, so if it is assuming large deposits.
Thanks, just caught that.
And I'm reading the Wheel of Time series now.  Boy he is a bit verbose.  Book 6, just 6000 more pages to go.

I think I gave up midway through book 7 after realizing that 1.5 large books had passed and almost nothing had happened.  Just spoke to someone who finished the whole thing and really liked the Sanderson finish to the series, but I definitely had had enough with the Jordan descriptions.  That was 20+ years ago that I last cracked those; maybe in ER I'll give it another go.
I read the whole series and just finished .  My first pass through I was reading them as they were being written as I caught up to Jordan after discovering the series with the first 3-4 books already out.  I got into Book 8 and then life got in there and I stopped.  I then saw Jordan had died and figured "well that's it, glad I never kept going as it will never finish now" and moved on again with life.  I then saw the story than Sanderson had finished and was like "WHAT?!"  At that point I felt like I needed to give it a go.  Having not been in the series for nearly two decades with "The Path of Daggers" having arrived in 1998, looking at my Goodreads account I decided to start over and began with Book 1 on October 2 2017 and finished the whole series, including "The New Spring" which I read at the end on December 29 2019.  So a two+ year journey and cannot wait to see the Amazon series though who knows when that will happen.  I think it can give GoT a run for its money if done right though because I find WoT much more engaging.

So if you liked the series, yes I feel Sanderson did a great job wrapping it up from the notes.  I thoroughly enjoyed it an will likely re-read it again, but maybe not until I get to ER.

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #1826 on: August 31, 2020, 12:24:41 PM »
Hello, checking in here after calling myself "graduated" from the race to $500k thread.

Starting point for 9/1/2020: $517,937.94

My next interim goal is going to be $750k by the end of 2022.

Welcome!  I bet there値l be more folks joining. It痴 been a good month.

Possibly! Though, due to the way growth works, you should technically have more people LEAVING because the gain on higher dollar figures will cover a larger swath of people.

(ie: folks in the 250k-500k thread might gain 20k, where someone with 900k will gain 50k+)

UnleashHell

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Re: Race from 500k to 1M!
« Reply #1827 on: August 31, 2020, 02:04:09 PM »


Nov-17 - 300k

May-18  - 375k
July -18 - 400k
Dec-18 - 345K

Mar-19 - 415K
Jun-19 nw 444K - liquid -514K
Sep-19 nw 450K liquid 527K
dec-19 nw  490k liquid 575k 

Jan-20 nw  483 liquid 563
feb-20 nw 440 liquid 520
mar-20 nw 374 liquid 455
apr-20 nw 435 liquid 513
may-20 nw 460 liquid 535
Jun-20 nw 468 liquid 541
Jul-20  nw 502 Liquid 572
Aug-20 nw 627 liquid 600



some funds came to my accounts that I was expecting so I paid off the last of the Divorce related debt. Net effect was pushing my net worth up.
I doubt I can maintain that pace but my cash flow is also much improved.


Genevieve

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Re: Race from 500k to 1M!
« Reply #1828 on: August 31, 2020, 02:57:31 PM »
Joining in! Staying here is entirely dependent on the market but we will see!

Net Worth:
Dec 2012: $26,461.85
Dec 2014: $29,446.16
Dec 2015: $54,568.08
Dec 2016: $87,878.65
Dec 2017: $165,042
Dec 2018: $280,087
Dec 2019: $454,301

August 2020: $506,951

dreadmoose

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Re: Race from 500k to 1M!
« Reply #1829 on: August 31, 2020, 03:24:34 PM »

                       2016                2017                2018                2019                2020                2021                2022               
January 
--$25,189$116,236$230,742$402,238--
February 
--$24,977$122,183$244,321$389,937---
March 
Found MMM->
-$21,759$122,763$252,749$359,271--
April 
--$15,838$129,950$263,657$441,401--
May 
-$7,447$149,174$252,690$482,281--
June 
-$16,623$154,992$287,639$499,025--
July 
-$19,048$27,638$167,846$299,427$540,432-Graduation
August 
-$18,739$39,025$180,481$313,257$571,960--
September 
-$21,536$49,626$185,098$321,358---
October 
-$25,832$59,438$194,857$336,179---
November 
-$25,621$71,949$205,772$351,985---
December 
-$25,405$110,473$212,859$385,426---


Lost a noticeable chunk in the markets today but still a good gain for the month.

Saved $23,977 with growth covering the other $7,551.

Only tracking personal liquid stash and do not include my wife's savings or any Real Estate equity at this point
« Last Edit: August 31, 2020, 05:13:16 PM by dreadmoose »

salt cured

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Re: Race from 500k to 1M!
« Reply #1830 on: August 31, 2020, 04:08:37 PM »
Spreadsheet says 22 months until I am worth one million dollars. Work contract says 23 months until I am unemployed. Birth certificate says 27 months until I am forty years old. Bring on the milestones.

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
06/30/20: $578k
07/31/20: $624k
08/31/20: $664k

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #1831 on: August 31, 2020, 06:34:01 PM »

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
2019 NOV:777k(+24k)
2019 DEC:798k(+21k)
--
2020 JAN:809k(+11k)
2020 FEB:780k(-29k)
2020 MAR:700k(-80k/-109k)
2020 APR:762k(+62k/-47k)
2020 MAY:818k(+56k/+8k)
2020 JUNE:840k(+22k)
2020 JULY:884k(+44k)
2020 AUG:1.002mm(+118k)

. . . and GOAL!

Made some monster gains in the market this month, like the rest of you, but like I said in an earlier post, I went through a refi and had my home appraised 20-30k higher as well as a side investment I had jump 20-30k as well.

It took around... (and i've been posting from the start)

4y 6m    for 250k to 1mm
2y 10m  for 500k to 1mm
0y 10m  for 750k to 1mm

I'm off to the 1mm->2mm race, it's probably time to start thinking about what a real FIRE # means for us. We never really came up with an exact dollar figure but 1.5mm -> 2mm seems like a pretty FAT-FIRE zone for us. We will probably hit bare-bones around 1.25mm

See you on the other side!

MikeO

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Re: Race from 500k to 1M!
« Reply #1832 on: August 31, 2020, 06:39:21 PM »
So close I can taste it.  Hopefully we can end 2020 on a high note by breaking through the 1 million mark.   

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 
August 2020  $943,209 $121,481  $164,433 
    
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
June 2020  $780,621 $4,130 $23,621
July 2020  $819,749 $3,810 $39,128
August 2020  $943,209 $82,688 $123,460
« Last Edit: August 31, 2020, 07:09:21 PM by MikeO »

ItsALongStory

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Re: Race from 500k to 1M!
« Reply #1833 on: August 31, 2020, 06:43:30 PM »
Very humbled to have made it into this thread following the sale of our primary residence.

Starting out with $576168 and hoping to make it to $600k by the time we move across the pond to Europe later this year. Our plan is to only marginally touch this stashe in the next 3-5 years which will hopefully allow it to grow towards that million dollar mark.
Ended July with $593503. Just turned in my resignation effective mid September so my high growth months are numbered. Hoping to see $620k before we start the extended sabbatical.

Ended August with $628456 for a $35k gain.

Quite a remarkable month as others have noted. I tallied it all up today but will see some stock vesting in the next few days, I also learned what my bonus will look like and without a drop in the market we may actually hit $650k by the time I hang it up for an extended sabbatical effective September 9th.
« Last Edit: August 31, 2020, 06:47:17 PM by ItsALongStory »

use2betrix

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Re: Race from 500k to 1M!
« Reply #1834 on: August 31, 2020, 07:12:56 PM »
Tracking liquid net worth only: Cash/Savings/Investments

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 (crossed $250k)

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 (Crossed $500k)

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
July 1, 2020 - $600,510
Aug 1, 2020 - $659,872
Sep 1, 2020 - $704,682

Good month of gains considering we bought two bicycles that totaled around $5k.

I feel like this market recovery is too good to be true. Without any market gains, I should be at about $760k by the end of the year.

Come next summer my current project will end (I知 a contractor) and unless another major project comes up, my wife and I are planning a 3-6 month sabbatical through North America in our small travel trailer. No idea what will happen after that. I知 a ways off of FIRE, but a cruise FI plan may be an option.

FIreDrill

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Re: Race from 500k to 1M!
« Reply #1835 on: August 31, 2020, 09:29:14 PM »
This market is getting nuts and this year is a perfect example of why you continue investing through dips or recessions... I definetly didn't think we would be hitting 700+ this year that's for sure.  Next stop 800 I guess...

I'm actually hoping the market pulls back for a while so I can continue buying in at better prices.


End of      NW           Change

12/13:   $41,032   
12/14:   $106,801    $65,769
12/15:   $197,262    $90,461
12/16:   $276,361    $79,099
12/17:   $368,051    $91,690
12/18:   $394,472    $26,421

12/19:   $560,195    $165,723

01/20:   $555,645    $-4,550
02/20:   $548,136    $-7,509
03/20:   $507,165    $-40,971
04/20:   $571,647    $64,482
05/20:   $602,413    $30,766
06/20:   $623,728    $21,315
07/20:   $663,216    $39,448
08/20:   $710,666    $47,450

Year to date:          +$150,471


Enjoy the roller coaster everyone...

2Birds1Stone

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Re: Race from 500k to 1M!
« Reply #1836 on: August 31, 2020, 10:39:35 PM »
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
07/1/2020 - $710,000
08/1/2020 - $731,800
09/1/2020 - $753,000

Trifele

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Re: Race from 500k to 1M!
« Reply #1837 on: September 01, 2020, 05:11:52 AM »
Congrats on graduating @TheAnonOne !

Welcome @Genevieve!

@MikeO -- holy shite, what did you do this month?  That is a monster gain -- nice!


Our update (married couple tracking investments).  Cracked $900k for the first time.  :)

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
7/1/20     $867
8/1/20     $893
9/1/20     $917
« Last Edit: September 01, 2020, 03:12:58 PM by Trifele »

MikeO

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Re: Race from 500k to 1M!
« Reply #1838 on: September 01, 2020, 05:37:16 AM »
Congrats on graduating @TheAnonOne !

Welcome @Genevieve!

@MikeO -- holy shite, what did you do this month?  That is a monster gain -- nice!




well, things changed for us and we sold our home and are moving. Still working for the same company though....we decided to invest most of the gains from our home sale, keeping a small amount for the move and upgrades on a new place to live.  This allowed us to invest an additional $75,000 this month which pushed us way up.  the new place we will buying will keep our monthly expenses roughly the same (within a few hundred dollars) so I feel like we did good.   The last two months have also been heavy overtime  - about 120 hours of overtime per month in july and august.  got another 60 hours in September  and October then it'll be an slide of zero hours to the end of the year.  we invest 100% of the overtime I work. 

I like how you "Fire'd" over a year ago and your still growing your net worth.  That's got to be an awesome feeling.  we are hoping to be in that position in about 5 years. 
« Last Edit: September 01, 2020, 05:38:59 AM by MikeO »

Trifele

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Re: Race from 500k to 1M!
« Reply #1839 on: September 01, 2020, 06:15:19 AM »
I like how you "Fire'd" over a year ago and your still growing your net worth.  That's got to be an awesome feeling.  we are hoping to be in that position in about 5 years.

Yeah, it's wonderful how that is working.  I did have a small side gig to help cover expenses for the beginning of FIRE, but I didn't expect the stash to keep growing the way it has.  My brother just celebrated 5 years of being very-lean-FIREd, and has not earned a dime during that time -- just living on savings.  His stash has grown too.  Looks like @2Birds1Stone here in this thread is experiencing the same thing.

3Mer

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Re: Race from 500k to 1M!
« Reply #1840 on: September 01, 2020, 07:28:09 AM »
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
Nov 2019   $602.3K / $683.7K
Dec 2019   $621.3K / $703.1K
June 2020  $641.8K / $722.8K
July 2020   $674.1K / $755.9K
Aug 2020   $715.5K / $798.1K

« Last Edit: September 01, 2020, 08:16:23 AM by 3Mer »

asauer

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Re: Race from 500k to 1M!
« Reply #1841 on: September 01, 2020, 07:28:57 AM »
Ok all, it's the 2nd month that I've stayed over the 1M line (we're at 1.17M now) so I'm going to hop over to the 1-2M thread.  I have to say that 500k-750k felt like it took an incredibly long time.  It really felt like a slog but then it seemed to pick up speed when there were more little green soldiers doing work and that's even with the downturn in March/Apr.   Best of luck to all here- keep on truckin'!

Trifele

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Re: Race from 500k to 1M!
« Reply #1842 on: September 01, 2020, 07:44:04 AM »
Congrats @asauer!  Great job

fattest_foot

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Re: Race from 500k to 1M!
« Reply #1843 on: September 01, 2020, 08:36:37 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$585,100
July----$381,336$483,830$625,356
August----$402,486$479,814$676,959
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-

Dogastrophe

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Re: Race from 500k to 1M!
« Reply #1844 on: September 01, 2020, 08:47:59 AM »

Investments only; Household combined.

                       2019 ($)            2020 ($)            2021 ($)            2022 ($)           
January-496,255--
February-472,573--
March-444,067--
April-495,051--
May-524,063--
June-524,530--
July330,406552,296--
August437,870632,115--
September443,081---
October452,295---
November483,711---
December484,963---

afuera

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Re: Race from 500k to 1M!
« Reply #1845 on: September 01, 2020, 09:00:40 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

01/31/2020: 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
06/31/2020: INV-$607,523.01    NW-$657,069.99
07/31/2020: INV-$630,288.01    NW-$682,393.77
08/31/2020: INV-$686,361.25    NW-$734,547.05

Markets definitely covered the majority of growth this month.  My pension payout estimate increased by like $8K this month and I don't really understand the math behind their estimate (early withdrawal penalty, years of service, etc.) but it usually only increases a few hundred a month.  Surprise extra theoretical future money!

RWD

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Re: Race from 500k to 1M!
« Reply #1846 on: September 01, 2020, 09:34:15 AM »

2015 DEC:252k<- Crossed 250k
--
2020 JULY:884k(+44k)
2020 AUG:1.002mm(+118k)

. . . and GOAL!

Made some monster gains in the market this month, like the rest of you, but like I said in an earlier post, I went through a refi and had my home appraised 20-30k higher as well as a side investment I had jump 20-30k as well.

It took around... (and i've been posting from the start)

4y 6m    for 250k to 1mm
2y 10m  for 500k to 1mm
0y 10m  for 750k to 1mm

I'm off to the 1mm->2mm race, it's probably time to start thinking about what a real FIRE # means for us. We never really came up with an exact dollar figure but 1.5mm -> 2mm seems like a pretty FAT-FIRE zone for us. We will probably hit bare-bones around 1.25mm

See you on the other side!

Wow, what a jump, congrats!

I thought for sure I'd be hitting $1 million before you. Maybe I should re-appraise our house, haha. Looking at nearby homes for sale I could probably up it by around $30k but most of that will probably be lost to fees anyway when we sell. But even in the optimistic case I think we're still just short of the big $1 million.

Spiffy

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Re: Race from 500k to 1M!
« Reply #1847 on: September 01, 2020, 10:55:11 AM »
Woo Wee!! I finally get to join this race! As of yesterday I am a half millionaire! We got a late start investing (don't be a grad student for 8 years people, it isn't worth it) are not high earners and have three kids. We just turned 49 and 50, so really wish we started earlier. But we just opened a Roth for our 18 year old when he got his first job. We didn't know any better when we were young, but by Jove, our children will.

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #1848 on: September 01, 2020, 11:13:51 AM »

2015 DEC:252k<- Crossed 250k
--
2020 JULY:884k(+44k)
2020 AUG:1.002mm(+118k)

. . . and GOAL!

Made some monster gains in the market this month, like the rest of you, but like I said in an earlier post, I went through a refi and had my home appraised 20-30k higher as well as a side investment I had jump 20-30k as well.

It took around... (and i've been posting from the start)

4y 6m    for 250k to 1mm
2y 10m  for 500k to 1mm
0y 10m  for 750k to 1mm

I'm off to the 1mm->2mm race, it's probably time to start thinking about what a real FIRE # means for us. We never really came up with an exact dollar figure but 1.5mm -> 2mm seems like a pretty FAT-FIRE zone for us. We will probably hit bare-bones around 1.25mm

See you on the other side!

Wow, what a jump, congrats!

I thought for sure I'd be hitting $1 million before you. Maybe I should re-appraise our house, haha. Looking at nearby homes for sale I could probably up it by around $30k but most of that will probably be lost to fees anyway when we sell. But even in the optimistic case I think we're still just short of the big $1 million.

Ha, I had a side investment @ 5k that jumped to 40k in the span of a few weeks. I suppose it could crumble and you'll beat me to it with more stability!

You seem to have stronger month-to-month game so I am confident you'll FIRE before me if we have somewhat similar goals (which, again, I don't know)

Either way, thank you! We have some history, just look at the attached photo from the end of our LAST race! (literally years ago now)

PS. I miss your reports from the 250-500k thread. You'll have to chart this one out too!

RWD

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Re: Race from 500k to 1M!
« Reply #1849 on: September 01, 2020, 02:34:25 PM »
Wow, what a jump, congrats!

I thought for sure I'd be hitting $1 million before you. Maybe I should re-appraise our house, haha. Looking at nearby homes for sale I could probably up it by around $30k but most of that will probably be lost to fees anyway when we sell. But even in the optimistic case I think we're still just short of the big $1 million.

Ha, I had a side investment @ 5k that jumped to 40k in the span of a few weeks. I suppose it could crumble and you'll beat me to it with more stability!

You seem to have stronger month-to-month game so I am confident you'll FIRE before me if we have somewhat similar goals (which, again, I don't know)

Either way, thank you! We have some history, just look at the attached photo from the end of our LAST race! (literally years ago now)

PS. I miss your reports from the 250-500k thread. You'll have to chart this one out too!

That is pretty incredible. I've never dared venture into individual stock investing (or similar). I figured even if I did choose the right stock(s) I would sell too early or hold on to them too long.

We loosened up on spending a bit this year and I've been reluctant to look at the actual numbers. My rough goal is around $1.25M liquid investments which I'm hoping to hit in under 4 years. I'll probably pull the plug on full time work in 4 years regardless. And I'll also probably work until then even if we hit the target amount sooner.

Yes, we've been very close in net worth for about five years now! Crazy to think of net worth roughly quadrupling in that time period.

Doing the graphs and statistics for the $250-500k thread was fun but also time consuming. I checked every single post and made a spreadsheet aligning everyone by the month they were closest to the starting line and sometimes having to adjust for currency differences. And some people were measuring only liquid investments so their numbers would spike when they would sell a house or something. This $500k-1M thread has twice as many posts as when I stopped doing the statistics for the previous thread. It's really too daunting. Though I may consider skimming for people that have completed the race. At the very least I think I'll graph our numbers against each other. =)