Author Topic: Race from 500k to 1M!  (Read 481205 times)

ender

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Re: Race from 500k to 1M!
« Reply #2250 on: March 06, 2021, 08:33:31 AM »
For most people with their net worth invested, the $100k jumps after $1MM will likely happen quick if they’re still working and have been accumulating rapidly.

The $500k-$1MM is a pretty big jump. While I’ll keep tracking and saving the same past $1MM, I won’t feel like I have a major “milestone goal” past a million. Simply “being a millionaire” is going to reap some sweet satisfaction.

I track 12/24 month gains in my net worth spreadsheet.

For most of the last 5 years it's been about $100k/year gains year over year. If the market keeps going like it's been going that interval it's pretty crazy how fast things go up. But, the more you have invested, the more major market corrections impact things.

I was happy that even in last years dip our year over year net worth was a gain (but barely). A 30%+ drop in this year would make that pretty challenging to pull off indefinitely.

EastCoastBestCoast

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Re: Race from 500k to 1M!
« Reply #2251 on: March 06, 2021, 06:14:22 PM »
Date:  Investments / Net Worth

7/2016: 57,000 / 90,000
7/2017: 125,000 / 225,000
7/2018: 200,000 / 311,000
7/2019: 268,000 / 397,000
7/2020: 369,000 / 544,000
3/2021: 512,000 / 765,000

Excited to join the 500k invested club!  Looking forward to achieving 1mil faster than 500k!
« Last Edit: March 06, 2021, 06:17:23 PM by EastCoastBestCoast »

Trifele

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Re: Race from 500k to 1M!
« Reply #2252 on: March 07, 2021, 03:38:14 AM »
Date:  Investments / Net Worth

7/2016: 57,000 / 90,000
7/2017: 125,000 / 225,000
7/2018: 200,000 / 311,000
7/2019: 268,000 / 397,000
7/2020: 369,000 / 544,000
3/2021: 512,000 / 765,000

Excited to join the 500k invested club!  Looking forward to achieving 1mil faster than 500k!

Welcome @EastCoastBestCoast!  You're doing fantastic, especially for your age.  Out of curiosity, do you have a target number?

LostGirl

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Re: Race from 500k to 1M!
« Reply #2253 on: March 07, 2021, 09:26:02 AM »
I'm officially joining this club. My invested net worth is $850k or so, depending on market fluctuations. I'm recently divorced and that number is half of what it was last year when combined with my ex.

I'm not sure what my new number is based on all my life changes. I also know that I am probably sticking where I am until my youngest graduates from high school in 12 years. I've gone from planning to stop working as soon as possible to planning to work for another 13 years 😂. And it's all fabulous because I'm doing it on my terms.

Mazzinator

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Re: Race from 500k to 1M!
« Reply #2254 on: March 08, 2021, 09:21:38 AM »
Investments only. Stashing cash for our big life change/move. Husband will retire from active duty army in June/July this year and no future jobs yet😬

Dec 20 - $501
Jan 21 - $510
Feb 21- ???
March 21- $530

EastCoastBestCoast

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Re: Race from 500k to 1M!
« Reply #2255 on: March 08, 2021, 01:19:28 PM »
Date:  Investments / Net Worth

7/2016: 57,000 / 90,000
7/2017: 125,000 / 225,000
7/2018: 200,000 / 311,000
7/2019: 268,000 / 397,000
7/2020: 369,000 / 544,000
3/2021: 512,000 / 765,000

Excited to join the 500k invested club!  Looking forward to achieving 1mil faster than 500k!

Welcome @EastCoastBestCoast!  You're doing fantastic, especially for your age.  Out of curiosity, do you have a target number?

Thank you @Trifele for the welcome.  I do not have a number set at this time, still some big upcoming life changes to settle into before nailing down a number.  Next goal is 750k invested and a paid off mortgage, hoping to achieve both by 2025.  Will be revaluating at that point but until then, i'll be updating here periodically. 

Closer2theSKY

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Re: Race from 500k to 1M!
« Reply #2256 on: March 09, 2021, 05:51:44 AM »
Just arrived to this discussion, $515k on 3/1/2021, and looking forward to the acceleration everyone describes!

Trifele

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Re: Race from 500k to 1M!
« Reply #2257 on: March 09, 2021, 06:35:46 AM »
Welcome @LostGirl -- nice job rolling with the punches and staying the course. 

Welcome @Closer2theSKY -- Yeah this thread is quite the ride, where you can see your money start to work harder than you can.  Market drops can be quite gut-wrenching until you get used to it.  Seatbelt buckled? ;)

racquetcat

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Re: Race from 500k to 1M!
« Reply #2258 on: March 10, 2021, 11:04:11 AM »
Jumping in to watch the 'stache grow along with others! We hit the $500k mark in July of 2020 and are sitting at $626k as of January 2021. I only update the net worth quarterly because I don't want to get too excited or stressed by short term market fluctuations.

Question: How do you, or do you, include pensions in a net worth calculation? My DW is only 35, but could get full pension if she worked until 60 and reduced amounts for less service time. I read this article, but I'd be interested to see what others do.

https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/

dreadmoose

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Re: Race from 500k to 1M!
« Reply #2259 on: March 10, 2021, 12:07:37 PM »
Jumping in to watch the 'stache grow along with others! We hit the $500k mark in July of 2020 and are sitting at $626k as of January 2021. I only update the net worth quarterly because I don't want to get too excited or stressed by short term market fluctuations.

Question: How do you, or do you, include pensions in a net worth calculation? My DW is only 35, but could get full pension if she worked until 60 and reduced amounts for less service time. I read this article, but I'd be interested to see what others do.

https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/

I basically count "birds in the hand." So I'd take the pension I would get if I quit today and multiply the annual amount by 25 to include in my stash. If I quit today and got nothing that number would be a big goose-egg.

The basis of my FIRE journey is freedom from obligation, so anything that would decree how I live (staying at a golden handcuff job, etc) isn't included until it's real. I don't make decisions based purely on that basis but do on how close FIRE is.

Alternatively, I would probably figure out my fire date and then if I could calculate the exact pension if I quit that year I would use the same "formula" above. May be an iterative process there (if the number is big the fire date should be earlier).

racquetcat

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Re: Race from 500k to 1M!
« Reply #2260 on: March 10, 2021, 12:23:24 PM »
Jumping in to watch the 'stache grow along with others! We hit the $500k mark in July of 2020 and are sitting at $626k as of January 2021. I only update the net worth quarterly because I don't want to get too excited or stressed by short term market fluctuations.

Question: How do you, or do you, include pensions in a net worth calculation? My DW is only 35, but could get full pension if she worked until 60 and reduced amounts for less service time. I read this article, but I'd be interested to see what others do.

https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/

I basically count "birds in the hand." So I'd take the pension I would get if I quit today and multiply the annual amount by 25 to include in my stash. If I quit today and got nothing that number would be a big goose-egg.

The basis of my FIRE journey is freedom from obligation, so anything that would decree how I live (staying at a golden handcuff job, etc) isn't included until it's real. I don't make decisions based purely on that basis but do on how close FIRE is.

Alternatively, I would probably figure out my fire date and then if I could calculate the exact pension if I quit that year I would use the same "formula" above. May be an iterative process there (if the number is big the fire date should be earlier).

I like this approach. I wouldn't want my DW to feel obligated to work decades longer than needed just for the pension.

running to the pension website to update calculations

Erma

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Re: Race from 500k to 1M!
« Reply #2261 on: March 14, 2021, 07:39:53 AM »
Hello
We crossed the half million networth this March. It took 3.5 years to double it from 250000 CHF. We will see how fast we will reach a million. The total networth target is between 1.5 and 2 million CHF (including house).

Icecreamarsenal

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Re: Race from 500k to 1M!
« Reply #2262 on: March 14, 2021, 12:56:26 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k

The daily fluctuations are getting significant at this point.  5 figure swings.

racquetcat

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Re: Race from 500k to 1M!
« Reply #2263 on: March 14, 2021, 02:24:24 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k

The daily fluctuations are getting significant at this point.  5 figure swings.

That's incredible growth over 1 and 1/4 years! You and I were about equal last summer and then you hit the turbo boost lol.

The markets have returned well over this time period, but can I ask how much you're contributing monthly? Your savings rate had gotta be fantastic, are there any other multipliers you've found to help you out?

bigote2032

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Re: Race from 500k to 1M!
« Reply #2264 on: March 15, 2021, 10:25:02 AM »
@racquetcat I also want to know the tricks @Icecreamarsenal is applying to his/her incredible money collection journey!!!  Same here, last summer I was around the same number as icecream and then he/she used the turbo button and left me behind :)

Congratulations @Icecreamarsenal, what an amazing run so far! You are an inspiration to many of us :)

Example: from 11/1/20 to 12/1/20 an increase of 106K!

Keep up the great work!

Trifele

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Re: Race from 500k to 1M!
« Reply #2265 on: March 15, 2021, 11:33:06 AM »
Hello
We crossed the half million networth this March. It took 3.5 years to double it from 250000 CHF. We will see how fast we will reach a million. The total networth target is between 1.5 and 2 million CHF (including house).

Welcome @Erma!  Is frugality popular in Switzerland?  A cousin of mine (Swiss) told me that she knew her husband was a keeper when they started dating, and she could tell "er wusste, was eine Rappe wert war."  :)

FIreSurfer

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Re: Race from 500k to 1M!
« Reply #2266 on: March 15, 2021, 01:11:26 PM »
05/01/2017:  $198,456
05/15/2017:  $200,404   
05/31/2017:  $207,044
06/15/2017:  $213,996
07/05/2017:  $219,933
07/17/2017:  $225,853
08/01/2017:  $228,504
08/24/2017:  $228,854
09/01/2017:  $237,500
09/19/2017:  $245,500
10/02/2017:  $251,933
11/07/2017:  $266,000
12/27/2017:  $280,000
01/12/2018:  $300,768
01/23/2018:  $305,566
11/27/2018:  $359,000
03/01/2019:  $400,283 *baby born, kinda lost track of everything.....
08/15/2020:  $612,831
01/01/2021:  $689,500
01/15/2021:  $705,137
02/01/2021:  $714,039
02/15/2021:  $747,215
03/15/2021:  $750,529 *that was quite a dip over the past month! Agreed that as the numbers get bigger, the swings get bigger! Waaaaay bigger!

Adding my voice to the chorus to ask @Icecreamarsenal 's tricks........and don't say bitcoin ..........!!

Icecreamarsenal

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Re: Race from 500k to 1M!
« Reply #2267 on: March 15, 2021, 01:21:08 PM »
@racquetcat I also want to know the tricks @Icecreamarsenal is applying to his/her incredible money collection journey!!!  Same here, last summer I was around the same number as icecream and then he/she used the turbo button and left me behind :)

Congratulations @Icecreamarsenal, what an amazing run so far! You are an inspiration to many of us :)

Example: from 11/1/20 to 12/1/20 an increase of 106K!

Keep up the great work!

Hey, thanks!  I had to do some digging to try and find out what I've been doing.  And the answer is...nothing special.  My average savings rate in '19 was 51% of net, '20 was 57%, and '21 to date is 72%. I auto-invest 8k/mo into vtsax.  I have a paid-off house that I don't count.
No bitcoin, and 5% individual stocks that I sell covered calls on.
Let's do this!

bigote2032

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Re: Race from 500k to 1M!
« Reply #2268 on: March 15, 2021, 01:48:33 PM »
@Icecreamarsenal, thanks for the information, that is great! I actually did double checked the increase from November to December and I now remember it was the largest  monthly gain since I have been investing for 13.9% of gains, so that explains a lot, I added a total of 83K.  Wondering if there would be a month this year close to that large amount of gains and/or we can even break that record!

No crypto here as well, 100% stock mainly VTSAX in taxable brokerage and similar index funds in Fidelity 401k.

You will make it this year (as long as there is not crazy collapse of the system) and I am sure racquetcat and me will join you in the next thread soon after that.  All the best!!!!!!!!!!
« Last Edit: March 15, 2021, 02:50:37 PM by bigote2032 »

skip207

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Re: Race from 500k to 1M!
« Reply #2269 on: March 15, 2021, 03:27:58 PM »
Think I missed a couple of updates

01/01/17 £374668
01/01/18 £497097
01/01/19 £547415
01/01/20 £649762
01/01/21 £788172
01/02/21 £802062
01/03/21 £816123



racquetcat

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Re: Race from 500k to 1M!
« Reply #2270 on: March 15, 2021, 04:51:33 PM »
@racquetcat I also want to know the tricks @Icecreamarsenal is applying to his/her incredible money collection journey!!!  Same here, last summer I was around the same number as icecream and then he/she used the turbo button and left me behind :)

Congratulations @Icecreamarsenal, what an amazing run so far! You are an inspiration to many of us :)

Example: from 11/1/20 to 12/1/20 an increase of 106K!

Keep up the great work!

Hey, thanks!  I had to do some digging to try and find out what I've been doing.  And the answer is...nothing special.  My average savings rate in '19 was 51% of net, '20 was 57%, and '21 to date is 72%. I auto-invest 8k/mo into vtsax.  I have a paid-off house that I don't count.
No bitcoin, and 5% individual stocks that I sell covered calls on.
Let's do this!

@Icecreamarsenal
That's a great savings rate and it's great to hear a success story where you're just saving and investing, it's simple, but it WORKS.....

And that is inspiring!!

WesternAugust

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Re: Race from 500k to 1M!
« Reply #2271 on: March 15, 2021, 11:36:23 PM »
Hey what’s going on everyone? I’m staking my claim here on the way to 1M. I tallied up all my liquid cash and investments this weekend and I’m at $855,000.


$872K as of 3/15/21.

Erma

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Re: Race from 500k to 1M!
« Reply #2272 on: March 16, 2021, 03:31:32 AM »
Hello
We crossed the half million networth this March. It took 3.5 years to double it from 250000 CHF. We will see how fast we will reach a million. The total networth target is between 1.5 and 2 million CHF (including house).

Welcome @Erma!  Is frugality popular in Switzerland?  A cousin of mine (Swiss) told me that she knew her husband was a keeper when they started dating, and she could tell "er wusste, was eine Rappe wert war."  :)

@Trifele I think it depends on the people as everywhere. In theory we are forced to save at least for taxes as you get a yearly bill, but some people don't do it/can't do it. Also housing and childcare is extremely expensive.

Nick_Miller

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Re: Race from 500k to 1M!
« Reply #2273 on: March 16, 2021, 10:24:40 AM »
@racquetcat I also want to know the tricks @Icecreamarsenal is applying to his/her incredible money collection journey!!!  Same here, last summer I was around the same number as icecream and then he/she used the turbo button and left me behind :)

Congratulations @Icecreamarsenal, what an amazing run so far! You are an inspiration to many of us :)

Example: from 11/1/20 to 12/1/20 an increase of 106K!

Keep up the great work!
I auto-invest 8k/mo into vtsax. 

Using my world-class detective skills, I think I've blundered onto your secret.

We're lucky to invest $3k, maybe $3.5K, a month. (and yes I realize that does make us fortunate, but your pace is crazy fast!)

Engineer93

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Re: Race from 500k to 1M!
« Reply #2274 on: March 16, 2021, 11:47:54 AM »
August 2016: $280k
November 2017: $380k
July 2018: $490k
April 2019: $541k
May 2019: $575k

Have now doubled our NW since finding MMM 2.75 years ago!

January 2020: 625k
August 2020: 711k

December 2020: 830k

Almost triple NW since finding MMM 4.25 years ago

March 2021: 939k

OurTown

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Re: Race from 500k to 1M!
« Reply #2275 on: March 18, 2021, 03:49:54 AM »
We would instantly spring over $1m in total net worth if I updated the fmv on the house.  At the moment I am using the last appraisal which was 260 when we refinanced about a year ago.  The county assessor just raised the value up to 290 and Zillow has me way up at 320.  Purchase price was 191 back in 2010.  I am going to stick with the actual appraisal as the most reliably accurate measure.  That leaves me with about 150 in home equity and pushing 850 liquid net worth, which puts us right on the cusp.

ender

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Re: Race from 500k to 1M!
« Reply #2276 on: March 18, 2021, 06:57:52 AM »
We would instantly spring over $1m in total net worth if I updated the fmv on the house.  At the moment I am using the last appraisal which was 260 when we refinanced about a year ago.  The county assessor just raised the value up to 290 and Zillow has me way up at 320.  Purchase price was 191 back in 2010.  I am going to stick with the actual appraisal as the most reliably accurate measure.  That leaves me with about 150 in home equity and pushing 850 liquid net worth, which puts us right on the cusp.

I like calculating home equity as sale cost * 0.92% to account for transaction costs, too.

Because you rarely get 100% of the equity out of a house when you sell, regardless of how you sell.


Arbitrage

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Re: Race from 500k to 1M!
« Reply #2277 on: March 18, 2021, 07:46:41 AM »
We would instantly spring over $1m in total net worth if I updated the fmv on the house.  At the moment I am using the last appraisal which was 260 when we refinanced about a year ago.  The county assessor just raised the value up to 290 and Zillow has me way up at 320.  Purchase price was 191 back in 2010.  I am going to stick with the actual appraisal as the most reliably accurate measure.  That leaves me with about 150 in home equity and pushing 850 liquid net worth, which puts us right on the cusp.


I like calculating home equity as sale cost * 0.92% to account for transaction costs, too.

Because you rarely get 100% of the equity out of a house when you sell, regardless of how you sell.


I've been doing 95% of the estimated value, but initial indications are that was probably too generous (we're just starting the process of preparing to sell).  We'll likely take a pretty significant hit in my presumed net worth, since we may have to sell for less than I - and computer algorithms - had been thinking our house was worth, but we'll be fine regardless.
« Last Edit: March 19, 2021, 07:49:33 PM by Arbitrage »

lollylegs

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Re: Race from 500k to 1M!
« Reply #2278 on: March 18, 2021, 11:14:53 AM »
I should hit the 600's in the next few weeks.

2018
Jan -  $330,883
July - $372,389
-----------------------
2019
Jan  -  $376,421
July  - $449,818
Aug  - $461,802
Sept  -$471,690
Nov  - $486,235
Dec  - $498,006
------------------
2020
Jan  - $501,901
Feb - $518,123
Mar - $446,241
April -$450,421
May - $465,042
June -$478,201
July - $494,067
Aug - $508,204
Sept- $512,108
Oct -  $509,740
Nov-  $538,580
Dec - $558,594
-----------------
2021
Jan- $574,925
Feb- $591,277
Mar- $595,814

LostGirl

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Re: Race from 500k to 1M!
« Reply #2279 on: March 21, 2021, 11:53:52 AM »
We would instantly spring over $1m in total net worth if I updated the fmv on the house.  At the moment I am using the last appraisal which was 260 when we refinanced about a year ago.  The county assessor just raised the value up to 290 and Zillow has me way up at 320.  Purchase price was 191 back in 2010.  I am going to stick with the actual appraisal as the most reliably accurate measure.  That leaves me with about 150 in home equity and pushing 850 liquid net worth, which puts us right on the cusp.

I like calculating home equity as sale cost * 0.92% to account for transaction costs, too.

Because you rarely get 100% of the equity out of a house when you sell, regardless of how you sell.

At this point, I do not figure in any equity for my primary home. The transaction costs and availability of those funds means that I cannot use it to live. Also, being in a high cost of living area, if I figured it in my net worth would feel out of whack with my liquid savings. That paints an unrealistic picture.

ingrownstudentloans

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Re: Race from 500k to 1M!
« Reply #2280 on: March 22, 2021, 03:40:22 AM »
We would instantly spring over $1m in total net worth if I updated the fmv on the house.  At the moment I am using the last appraisal which was 260 when we refinanced about a year ago.  The county assessor just raised the value up to 290 and Zillow has me way up at 320.  Purchase price was 191 back in 2010.  I am going to stick with the actual appraisal as the most reliably accurate measure.  That leaves me with about 150 in home equity and pushing 850 liquid net worth, which puts us right on the cusp.

I like calculating home equity as sale cost * 0.92% to account for transaction costs, too.

Because you rarely get 100% of the equity out of a house when you sell, regardless of how you sell.

At this point, I do not figure in any equity for my primary home. The transaction costs and availability of those funds means that I cannot use it to live. Also, being in a high cost of living area, if I figured it in my net worth would feel out of whack with my liquid savings. That paints an unrealistic picture.

Same here - for this race I track cash, investments, conservative equity in my side businesses and investment properties.  I do track house net worth separately though, and as of last night am a millionaire with that included.  Sounds strange to say :)
« Last Edit: March 22, 2021, 06:41:06 AM by ingrownstudentloans »

happychineseboy

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Re: Race from 500k to 1M!
« Reply #2281 on: March 22, 2021, 09:57:27 AM »
$515k, I am up over 100k in less than 5 months.
I will update when I am at $1M

OurTown

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Re: Race from 500k to 1M!
« Reply #2282 on: March 23, 2021, 10:16:03 AM »
Some people are measuring TNW and some LNW.  One of the reasons I am measuring TNW is I still have a mortgage, so the portion of my monthly payment that goes toward equity (about $900) shows up in the net worth progression.  There is no right or wrong way to do it, you do you. 

OurTown

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Re: Race from 500k to 1M!
« Reply #2283 on: March 31, 2021, 05:32:35 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
10/1/20 = $882
11/1/20 = $889
12/1/20 = $944

1/1/21 = $971
2/1/21 = $986
3/1/21 = $994
4/1/21 = $1,004

bownyboy

  • Stubble
  • **
  • Posts: 115
  • Location: UK
Re: Race from 500k to 1M!
« Reply #2284 on: March 31, 2021, 05:45:05 AM »
Jan 2014 - £222,149
===============
Jan 2015 - £250,275 (+£28,126)
===============
Jan 2016 - £272,607 (+£22,332)
===============
Jan 2017 - £346,854 (+£74,247)
===============
Jan 2018 - £456,088 (+£109,234)
===============
Jan 2019 - £495,379 (+£39,291)
===============
Jan 2020 - £606,791 (+£111,412)
===============
Jan 2021 £710,244 (+£103,453)
Feb 2021 £692,104 (-£18,141)
Mar 2021 £689,239 (-£2,865)
Apr 2021 £711,114 (+£21,875)

Whoop! Back up this month and just nudged above where we were in January. Target is £780k for when my current contract finishes in September.


« Last Edit: April 03, 2021, 01:39:28 AM by bownyboy »

BiggerFishToFI

  • Stubble
  • **
  • Posts: 188
Re: Race from 500k to 1M!
« Reply #2285 on: March 31, 2021, 06:22:16 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
10/1/20 = $882
11/1/20 = $889
12/1/20 = $944

1/1/21 = $971
2/1/21 = $986
3/1/21 = $994
4/1/21 = $1,004
Congrats!

Trifele

  • Magnum Stache
  • ******
  • Posts: 3813
  • Age: 54
  • Location: Outside, NC, US
    • In The Garden
Re: Race from 500k to 1M!
« Reply #2286 on: March 31, 2021, 06:29:52 AM »
Congratulations @OurTown!!   

OurTown

  • Handlebar Stache
  • *****
  • Posts: 1279
  • Age: 51
  • Location: Tennessee
Re: Race from 500k to 1M!
« Reply #2287 on: March 31, 2021, 07:52:51 AM »
Thanks.  We started tracking monthly in January of 2015, when our tnw was $266k.  What a great ride!

dandypandys

  • Pencil Stache
  • ****
  • Posts: 526
  • Age: 45
  • Location: USA
Re: Race from 500k to 1M!
« Reply #2288 on: March 31, 2021, 10:37:43 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
July 1st $534 yay back up again!
August 10 $547.5  Had to replace my car this month, paid in full of course and still up! :)
Sept 3rd  $577
Oct 1st: $558
Nov 1st:
Dec 5th: $615
Dec 29th: $624 UP 90.5k for 2020

2021
Mar 2nd: $665
Mar 31: $674.5

RWD

  • Walrus Stache
  • *******
  • Posts: 5067
  • Location: Mississippi
Re: Race from 500k to 1M!
« Reply #2289 on: March 31, 2021, 10:41:41 AM »
6/1/17 = $500
[...]
4/1/21 = $1,004

Awesome, congrats!

skip207

  • Bristles
  • ***
  • Posts: 395
  • Location: UK
Re: Race from 500k to 1M!
« Reply #2290 on: March 31, 2021, 02:29:52 PM »
01/01/17 £374668
01/01/18 £497097
01/01/19 £547415
01/01/20 £649762
01/01/21 £788172
01/02/21 £802062
01/03/21 £816123
01/04/21 £835284

Well done OT.

salt cured

  • Bristles
  • ***
  • Posts: 286
Re: Race from 500k to 1M!
« Reply #2291 on: March 31, 2021, 03:44:02 PM »
As always, congrats to this month's winners.

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
09/30/20: $660k
10/31/20: $653k
11/30/20: $720k
12/31/20: $753k
01/31/21: $748k
02/28/21: $772k
03/31/21: $802k

bigote2032

  • 5 O'Clock Shadow
  • *
  • Posts: 91
Re: Race from 500k to 1M!
« Reply #2292 on: March 31, 2021, 04:16:04 PM »
10/31/2020    $599,359.11
11/30/2020    $682,864.07
12/31/2020    $720,288.84
1/31/2021    $737,924.70
2/28/2021    $759,381.39
3/31/2021    $794,882.82

Best month so far this year, $35K growth (4.6%).

Nick_Miller

  • Handlebar Stache
  • *****
  • Posts: 1503
  • Location: A sprawling estate with one of those cool circular driveways in the front!
Re: Race from 500k to 1M!
« Reply #2293 on: March 31, 2021, 05:33:14 PM »
Jan 2017    $147,729
April 2017  $140,847
July 2017   $157,768
Oct 2017    $173,045
Jan 2018    $190,018
April 2018  $206,732
July 2018   $231,046
Oct 2018    $252,544
Jan 2019    $252,481
April 2019  $311,927
July 2019   $326,646
Oct 2019    $338,088
Jan 2020    $364,075
April 2020  $347,174
July 2020   $401,514
Oct 2020    $433,564

Jan 2021    $487,851
Feb 2021    $500,780
March 2021 $520,737
April 2021 $536,442

Chugging along. We paid for our airline tix for our June NYC vacation. No other big expenditures.

Oh and congrats to @OurTown! You get to go to Millionaire Estates like in the Life board game. Fancy!!
« Last Edit: March 31, 2021, 05:36:15 PM by Nick_Miller »

Dogastrophe

  • Bristles
  • ***
  • Posts: 344
  • Location: 44.6488° N, 63.5752° W
Re: Race from 500k to 1M!
« Reply #2294 on: March 31, 2021, 05:52:12 PM »
Investments only; Household combined.

                       2019 ($)            2020 ($)            2021 ($)            2022 ($)           
January-496,255674,413-
February-472,573700,728-
March-444,067732,652-
April-495,051--
May-524,063--
June-524,530--
July330,406552,296--
August437,870632,115--
September443,081617,959--
October452,295604,646--
November483,711664,577--
December484,963674,843--

Tester

  • Bristles
  • ***
  • Posts: 405
Re: Race from 500k to 1M!
« Reply #2295 on: March 31, 2021, 06:45:58 PM »
Posting to keep track.
June last year was at 520k invested.
Started from zero in 2015.
Now I am at 280k invested and 505k total net worth.
Looking forward to get to 1 MM net worth and then to 1MM invested...

McStache

  • Bristles
  • ***
  • Posts: 274
Re: Race from 500k to 1M!
« Reply #2296 on: March 31, 2021, 06:52:03 PM »
                       2015                2016                2017                2018                2019                2020                2021               
January$52,277$102,029$186,657$306,111$344,771$443,598$581,977
February$57,992$107,201$196,191$301,453$357,526$422,062$608,184
March$61,620$116,502$199,234$306,821$364,397$371,488$626,905
April$68,207$121,028$205,602$312,149$375,876$411,410-
May$73,499$132,630$217,515$319,649$366,887$432,756-
June$73,620$136,350$218,315$325,450$388,214$449,153-
July$77,235$143,420$226,577$332,615$393,565$473,639-
August$77,588$149,032$231,008$341,112$391,468$499,746-
September$77,524$161,672$251,872$343,628$400,870$492,572-
October$86,899$160,725$260,359$329,514$411,683$488,099-
November$94,202$170,428$273,396$336,035$423,504$546,559-
December$101,290$179,734$287,829$317,638$441,666$574,853-


BiggerFishToFI

  • Stubble
  • **
  • Posts: 188
Re: Race from 500k to 1M!
« Reply #2297 on: March 31, 2021, 06:53:24 PM »
Added another 15k to our primary home equity. Valuing it at a conservative 375k when Zillow and Redfin have it 70-100k higher. Apparently if I took the high estimate I'm a millionaire NW...! this market is wild. But don't congratulate me yet, I'm staying in this race until investments hit 1M.

Month   Invested   Networth
04/30/17   $67,858   $125,786
09/30/17   $100,416   $168,105
01/31/19   $251,061   $311,711
06/30/20   $501,158   $573,100
07/31/20   $534,311   $613,166
08/31/20   $582,298   $662,814
09/30/20   $568,854   $652,181
10/31/20   $576,142   $672,826
11/30/20   $645,423   $741,146
12/31/20   $705,754   $811,062
01/31/21   $726,286   $824,521
02/28/21   $756,396   $857,552
03/31/21   $785,204   $908,384

Wintergreen78

  • Bristles
  • ***
  • Posts: 426
Re: Race from 500k to 1M!
« Reply #2298 on: March 31, 2021, 08:05:10 PM »
Alright, I’m blowing this taco stand. I rolled over 500k sometime in 2014 and I’m officially over 1M.

I was not working for the last few years, but I’m back at work now and may buy a house in the next year. If that happens my annual expenses will definitely go up, but I’d expect to be back to where investment returns can cover expenses within a few years.

nick663

  • Bristles
  • ***
  • Posts: 353
  • Location: midwest
Re: Race from 500k to 1M!
« Reply #2299 on: March 31, 2021, 08:18:03 PM »
June 2017:  198.7k
July 2017:  207.5k
August 2017:  211.8k
September 2017:  222.1k
October 2017: *missing*
November 2017:  234.7k
December 2017:  242.4k

March 2018:  263.3k
June 2018:  290.4k
September 2018:  313.7k
December 2018:  296.8k

March 2019:  346.3k
June 2019:  372.4k
September 2019: 390.4k
December 2019:  428.6k

March 2020:  371.1k
June 2020:  456.2k
September 2020:  505.5k
December 2020:  590.1k

March 2021:  644.3k

Still on target despite our best efforts to derail it (vacation and home improvements).  It's interesting how once you are set into this type of lifestyle, the money takes care of itself.