Author Topic: Race from 500k to 1M!  (Read 546586 times)

charis

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Re: Race from 500k to 1M!
« Reply #2900 on: January 01, 2022, 06:51:09 AM »
Apr 2017: 175k NW
Apr 2018: 333k
Apr 2019: 400k
Feb 2020: 515k
Aug 2020: 602k (415k invested)
Dec 2020: 669k (478k)
Jan 2021: 690k (507k)
Mar 2021: 716k (529k)
Apr 2021: 751k (551k)
May 2021: 787k (576k)
Jun 2021: 807k (592k)
Jul 2021: 833k (611k)
Aug 2021: 831k (625k)
Sept 2021: 640K (invested only hereafter)
Oct 2021: 628k
Nov 2021: 662k
Dec 2021: 657k
Jan 2022: 688k

We spent our butts off in Dec, probably the highest month ever, not including a spring vacation that will be paid off in credit card points. But it's hard to care when investments are up 200k for the year. I'm excited to max the 2022 IRAs on Monday and see my new 401k contribution on the paystub.

Apples

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Re: Race from 500k to 1M!
« Reply #2901 on: January 01, 2022, 07:56:15 AM »
Oct 2021:  $563,047.23
Nov 2021:  $571,338.24   

Dec 2021:  $600.016.41   That's insane.  Most of the month's jump (over $20,000) came from the farm paying down it's LOC a bit, and paying the annual principal payments on the two real estate loans.  Those loans get paid if there's any money left in Q4 for it, because the apple crop income we try to push into the following calendar year (in case the next year's crop is bad, and we can stretch it out for that).  So no big farm-related jumps for another 10 or more months.  Our net worth went up a little under $200,000 this year.  $85,000 of that came from the farm having a surprisingly good year, and able to pay down some debts.  We track the farm debts on our personal balance sheet, but not the farm income/expenses because that would cause gigantic swings and make monthly tracking relatively pointless.  Still over a $100,000 increase on our own!  Stock market can take credit for about $60,000 of it.  Compounding is cool.

Congrats to everyone else on their good years!  And to the graduates, I hope you stay the heck out of here :)

SpareChange

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Re: Race from 500k to 1M!
« Reply #2902 on: January 01, 2022, 08:30:43 AM »
SpareChange's 2021 coins all rolled up...

$591,399
Up $16,053 m/m
Up $96,090 y/y

Added approx $37/mon to SS at 62, or approx $64/mon at 70.
Increased pto bank by 34 hours to 514.
Averaged 27.37 hrs/wk at work.

$20,850.40 spent
$41,110.06 saved
56.2% of gross income saved.
66.3% of net income saved.

Happy New Year everyone!!

SpareChange

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Re: Race from 500k to 1M!
« Reply #2903 on: January 01, 2022, 08:33:14 AM »
buh bye, as much as I like y'all I hope to stay out of this thread throughout 2022 and beyond :)

Congrats!!

turketron

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Re: Race from 500k to 1M!
« Reply #2904 on: January 01, 2022, 08:40:22 AM »
2015              2016              2017              2018              2019              2020              2021              2022             
Jan141,251.00$193,414.19$283,829.36$359,505.30$546,089.75$762,355.51$1,008,596.87
Feb$135,573.00$200,758.63$304,851.88$397,087.41$557,258.06$780,137.13
Mar$138,331.39$211,677.78$303,796.17$428,309.57$522,077.78$815,764.71
Apr$98k$146,788.37$217,643.71$307,682.67$440,342.71$451,185.96$829,307.88
May$111k$149,149.52$225,773.04$315,634.59$456,285.80$510,875.92$874,326.67
Jun$112k$161,205.21$232,222.09$337,046.55$441,047.77$551,923.37$878,873.50
Jul$113k$165,947.80$235,779.19$340,399.63$476,489.51$567,485.67$907,568.86
Aug$113k$176,198.00$244,461.55$363,304.76$486,559.27$601,161.19$923,408.92
Sept $116k$178,840.37$247,101.69$385,572.12$483,967.28$653,037.25$950,899.02
Oct$184,372.64$256,365.91$392,296.56$490,200.54$639,398.62$907,416.93
Nov$120,330.91$181,625.28$266,140.14$370,000.25$501,003.17$637,260.06$963,453.56
Dec$138,810.56$187,972.57$279,806.93$386,361.40$531,904.82$723,586.82$964,037.88

I'm out! Hopefully, assuming it doesn't drop back below a mil at some point...

hudsoncat

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Re: Race from 500k to 1M!
« Reply #2905 on: January 01, 2022, 09:35:36 AM »
                       2018                2019                2020                2021                2022               
January$222,019$261,809$403,264$550,326$775,790
February$236,831$286,584$414,417$555,120-
March$234,104$303,681$388,201$577,440-
April$234,452$314,939$355,475$606,455-
May$241,470$331,080$398,672$647,810-
June$249,398$320,926$417,280$654,138-
July$253,884$342,700$424,818$671,808-
August$264,666$354,784$456,512$693,782-
September$276,905$351,842$491,411$718,331-
October$285,986$360,853$482,214$700,515-
November$267,359$374,706$475,471$744,130-
December$281,461$391,293$531,137$754,319-

Nice way to end 2021/start 2022! Hope everyone had a lovely holiday season.

Congrats to @turketron and @2Birds1Stone! And others who might have also graduated but not posted yet. Hope to see you soon-ish...
« Last Edit: January 01, 2022, 09:41:31 AM by hudsoncat »

Finwiz

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Re: Race from 500k to 1M!
« Reply #2906 on: January 01, 2022, 10:37:02 AM »
Congrats to those who've graduated, or newly joined this race! I'm pleasantly surprised we actually made it back to 600+ before year end (and a 200k+ year) - didn't expect that to happen but we'll take it.

01/01/21 - $400,149
02/14/21 - $427,486 (+$27,337)
03/01/21 - $443,490 (+$43,341)
03/19/21 - $451,670 (+$51,521)
03/31/21 - $458,005 (+$57,856)
04/15/21 - $470,187 (+$70,038)
04/30/21 - $475,833 (+$75,684)
05/15/21 - $486,446 (+$86,297)
05/28/21 - $497,565 (+$97,416)
06/05/21 - $505,428 (+$105,279)
06/30/21 - $517,109 (+$116,960)
07/30/21 - $534,405 (+$134,256)
08/15/21 - $543,454 (+$143,305)
08/30/21 - $548,512 (+$148,363)
09/16/21 - $578,628 (+$178,479)
09/30/21 - $563,939 (+$163,790)
10/15/21 - $574,190 (+$174,041)
10/29/21 - $598,171 (+$198,021)
12/16/21 - $584,144 (+$183,995)
12/31/21 - $603,373 (+$203,224)

Goal for 12/31/22 is $853,373, a $250,000 increase for the year, which may bring our 7/23 $1m goal back into range! Here's to 2022!

Jaayse

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Re: Race from 500k to 1M!
« Reply #2907 on: January 01, 2022, 11:52:56 AM »
Investments only, solo journey (so far)

                       2017                2018                2019                2020                2021                2022               
January-$232,213$356,542$500,087$659,936$861,393
February-$245,447$383,348$502,244$662,250-
March-$242,789$394,563$475,671$684,929-
April$164,900$246,140$403,461$429,092$711,168-
May-$318,398$421,194$474,155$744,322-
June-$328,870$409,591$500,241$758,305-
July$180,808$342,159$435,981$516,358$776,059-
August$189,280$354,936$443,135$544,475$790,664-
September$193,727$366,727$441,101$579,806$814,231-
October$209,968$374,465$452,232$568,885$794,659-
November$220,602$361,296$466,688$562,892$834,154-
December$225,918$370,140$482,944$632,574$824,757-


This year was my best year yet with over 200k increase on the year, I'm hopeful that I could reach the 1 million mark this next year if the market doesn't have a big correction, but as always, we shall see.  Thinking about hitting the 1 million mark is just insane.  I've only been on this journey for around 5 years on my own and I make less than 100k per year (before taxes).

NextTime

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Re: Race from 500k to 1M!
« Reply #2908 on: January 01, 2022, 11:54:51 AM »


Investments only


             2018                2019                2020                2021               
January$198,265$224,401$305,287$424,924
February$204,080$231,997$290,554$453,313
March$204,080$236,710$274,909$471,199
April$206,310$246,138$298,297$489,213
May$207,731$245,062$320,072$492,274
June$209,453$256,868$331,215$493,272
July$218,450$256,076$349,025$503,214
August$224,243 $266,197$367,183$521,697
September$227,037$274,186$360,397$509,748
October$214,107$284,427$360,290$530,757
November$219,948$295.004$400,264$524,716
December$206,667$304,693$419,937$544,664


tjrssibelle

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Re: Race from 500k to 1M!
« Reply #2909 on: January 01, 2022, 04:58:01 PM »
Investments only;

Dec 2016: $129.04k
Dec 2017: $196.66k
Dec 2018: $227.08k
Dec 2019: $339.51k

Jan 2020: $347.23k
Feb 2020: $330.32k
Mar 2020: $293.63k
Apr 2020: $323.58k
May 2020: $340.17k
Jun 2020: $356.25k
July 2020: $377.68k
Aug 2020: $397.52k
Sep 2020: $390.84k
Oct 2020: $384.47k
Nov 2020: $431.15k
Dec 2020: $448.30k

Jan 2021: $458.12k
Feb 2021: $472k
Mar 2021: $491k
Apr 2021: $513.64k
May 2021: $522.51k
Jun 2021: $534.07k
July 2021: $542.13k
Aug 2021: $558.19k
Sep 2021: $535.50k
Oct 2021: $566.00k
Nov 2021: $554.97k
Dec 2021: $579.50k

Sent from my SM-N960U using Tapatalk


Steeze

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Re: Race from 500k to 1M!
« Reply #2910 on: January 01, 2022, 06:55:34 PM »
12-31-13 ~ (-100k)
12-31-14 ~ (-80k)
12-31-15 ~ (-62k)
12-31-16 ~ (-30k)
12-31-17 ~ 20k
12-31-18 : 117k
12-31-19 : 243k
12-31-20 : 410k
12-31-21 : 618k
12-31-22 : 750k (Target)

12/31/21 : 618k (+$38,800)

Nice end to a solid year, ended up 3k over my stretch goal. Set a lofty goal for this coming year, more and more dependent on the market now. If we are anywhere in the $700k+ range I will call it a win. That would be 1M NW including 300k home equity. Good luck to all!!

Original Target for 1M - October 2024
Current Target for 1M - April 2024

Race to 1M Spreadsheet
https://docs.google.com/spreadsheets/d/1jLRMTDbemf-JwZA10noQ8RrEf3EzpWC0R58nNypstrM/edit?usp=sharing

oneday

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Re: Race from 500k to 1M!
« Reply #2911 on: January 01, 2022, 08:11:54 PM »
Hello! I see some familiar folks from the Race to $500K thread.

Investments are $515K at 12/31/21. I'll do a formatted chart for next month's update; this is just a quick post as the holidays are still happening in my world for another day.

bigote2032

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Re: Race from 500k to 1M!
« Reply #2912 on: January 01, 2022, 10:01:11 PM »
Happy new year folks! Hoping to leave this thread soon (I will miss you and promise to wait for you in the next one).  Let's make our dollars work harder for us this year!!

1/31/2021    $737,924.70
2/28/2021    $759,381.39
3/31/2021    $794,882.82
4/30/2021    $842,437.81
5/31/2021    $852,073.79
6/30/2021    $873,053.96
7/31/2021    $895,493.04
8/31/2021    $920,587.71
9/30/2021    $898,971.63
10/31/2021    $946,929.81
11/30/2021    $947,649.37
12/31/2021    $987,843.35

Radagast

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Re: Race from 500k to 1M!
« Reply #2913 on: January 01, 2022, 11:21:52 PM »
Quarter StockBondCash  +Houses
Q4 2016:  $112,200     $165,800
Q1 2017:  $124,300     $178,500
Q2 2017:  $148,300     $203,300
Q3 2017:  $160,548     $217,018
Q4 2017:  $178,042     $235,102
Q1 2018:  $203,082     $260,736
Q2 2018:  $213,941     $272,491
Q3 2018:  $223,802     $283,554
Q4 2018:  $235,666     $296,330
Q1 2019:  $229,947     $291,293
Q2 2019:  $284,421     $346,689
Q3 2019:  $315,573     $378,769
Q4 2019:  $350,244     $414,376
Q1 2010:  $408,250     $473,325
Q2 2020:  $362,044     $428,120
Q3 2020:  $457,379     $524,413
Q4 2020:  $383,076     $555,858
Q1 2021:  $478,879     $656,382
Q2 2021:  $522,651     $704,873
Q3 2021:  $575,207     $761,357
Q4 2021:  $722,632     $916,172
Q1 2022:  $785,909     $979,449
Pretty uneventful after a huge last quarter. I wish it would hurry up, I could use a year off...

And here's a chart :)
« Last Edit: January 01, 2022, 11:25:59 PM by Radagast »

tarheeldan

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Re: Race from 500k to 1M!
« Reply #2914 on: January 02, 2022, 07:39:40 AM »
Happy New Year 2022!! Gong hei fat choy! (learned this from the hilarious Ronny Chieng)

Good month last month, up $22,794.96 or 3.35% to $704,059.67 :)

Great year 2021 financially as well, up $211,042.96 - that's 265% of my wage income for the year. Actual contributions were $51,632.27 or 53.3% of gross wages!

Race to 1M Spreadsheet
https://docs.google.com/spreadsheets/d/1jLRMTDbemf-JwZA10noQ8RrEf3EzpWC0R58nNypstrM/edit?usp=sharing

Congratulations to the graduates, and welcome to newcomers!



bownyboy

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Re: Race from 500k to 1M!
« Reply #2915 on: January 02, 2022, 08:10:48 AM »
Target was 800k by the end of the year, ended up just missing it. Not bad considering I took about 4.5 months off over the year and moved to 4 day working week from October.

Forecast for end of August 2022 is 885k when Ill officially call it quits if (and its a big IF, lol) I manage to stay on that long.

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)
===============
Jan 2022 796,528 (+86,284)


ArtOfFIRE

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Re: Race from 500k to 1M!
« Reply #2916 on: January 02, 2022, 02:16:11 PM »
2015 2016 2017 2018 2019 2020 2021
January- $125,152 $190,212 $277,747 $300,773 $391,367 $503,318
February- $132,476 $205,111 $276,647 $312,970 $372,287 $516,580
March- $142,868 $207,302 $277,401 $328,015 $316,940 $538,761
April- $146,221 $213,616 $279,721 $332,703 $357,205 $561,751
May- $153,151 $220,848 $292,665 $321,134 $404,385 $573,018
June- $151,884 $221,782 $288,234 $344,636 $401,862 $585,313
July$111,061 $162,292 $229,419 $300,537 $340,103 $424,226 $593,812
August$109,293 $164,716 $233,575 $306,219 $341,637 $440,114 $610,608
September$104,752 $167,126 $242,747 $293,075 $347,779 $436,932 $590,638
October$112,604 $167,659 $246,050 $293,488 $361,290 $458,230 $621,333
November$112,690 $177,602 $255,539 $293,026 $369,972 $485,863 $613,391
December$120,262 $182,345 $262,362 $301,471 $390,730 $498,601 $635,119

I'm up $136,518 from this time last year. $41,200 of that is my own contributions, $3,500 is my employer 401k match, and the rest is market gains. Crazy!

SAfAmBrit

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Re: Race from 500k to 1M!
« Reply #2917 on: January 02, 2022, 07:06:09 PM »
Net Worth

May2021 -  $1,003,397
June 2021 - $1.013,773
July 2021 - $1,035,193
August 2021 - $1,238,637
September 2021 - $,1228,412
October 2021 - $1,282,607
December 2021 - $1,317,000


Investments :

May 2021 -  $604,599
June 2021 - $616,224
July 2021 - $637,187
August 2021 - $726,863
September 2021 - $720314
October 2021 - $757,529
December 2021 - 766,216


Finally passed the 3/4 mil - Hope I can get to a Mil here this year. I will Fire at a Mil - I do not like my job - the money is great but 16 hours at work life is not!

monarda

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Re: Race from 500k to 1M!
« Reply #2918 on: January 02, 2022, 09:22:28 PM »
                                            liquid+rental equity but not primary residence equity
1/2016                                              $507K                 
1/2017                                              $625K                 
12/2017                                            $762K                 
12/2018                                            $821K                 
12/2019                                            $818K                 

add a new column
                liquid plus pension bal    plus rental equity but not primary residence equity  Zillow (or tax assessed) value
01/2021     $521K                            $1033K (976K)       

I think I'm going to switch to annual updates. Not feeling motivated to be racing anywhere anymore! See y'all in 2023. (but I'll still be in the cheering section for others in this race)

01/2022      $647K                    $1170K (1141K)
« Last Edit: January 02, 2022, 09:36:55 PM by monarda »

jlcnuke

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Re: Race from 500k to 1M!
« Reply #2919 on: January 03, 2022, 07:18:24 AM »

1 May 2021      - $567,455

31 Dec 2021    - $647,518

Turtle

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Re: Race from 500k to 1M!
« Reply #2920 on: January 03, 2022, 08:06:43 AM »
Trying table format for the first time.  Historical numbers are from statements, so I don't have month by month for those years.


401K/IRA and Stock Investments only


                       2019                2020                2021                2022               
January$359,130---
February----
March$374,402$394,320$640,707-
April----
May----
June$401,531$421,221$687,136-
July----
August--$704,330-
September$406,619$452,555$682,741-
October--$713,220-
November--$694,013-
December$493,851$581,720$727,274-


DarkandStormy

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Re: Race from 500k to 1M!
« Reply #2921 on: January 03, 2022, 08:55:10 AM »
Net Worth // Invested Assets
1/1/21 - $500,317 // $346,651
2/1/21 - $513,258 // $355,473
3/1/21 - $531,847 // $366,107
4/1/21 - $548,364 // $380,740
5/1/21 - $568,829 // $408,712
6/1/21 - $569,723 // $408,351
7/1/21 - $612,700 // $431,974
8/1/21 - $625,715 // $412,017 (deposit down on new house)
9/1/21 - $647,140 //  $427,206
10/1/21 - $628,028 // $410,699
11/1/21 - $669,354 // $441,225
12/1/21 - $668,368 // $437,148

1/1/22 - $685,524 // $450,347

YoY increases (and since, coincidentally, joining this thread): $185,207 (+37%) // $103,696 (+30%)

trc4897

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Re: Race from 500k to 1M!
« Reply #2922 on: January 03, 2022, 01:33:59 PM »
Update for end of 2021. Making progress!

201920202021
January$137,280$293,698$451,317
February$146,582$302,360$465,043
March$150,267$266,971$485,848
April$176,495$300,121$515,204
May$185,139$322,480$523,346
June$187,672$331,012$541,895
July$189,881$349,037$559,015
August$197,857$370,826$582,971
September     $199,332$368,358$574,120
October$206,540$374,344$606,500
November$229,780$410,191$621,535
December$274,581$431,621$648,284

Estimated graduation is March 4, 2024 (based on linear curve fit of current data). I'd imagine it will actually be sooner. Good work everyone!

minority_finance_mo

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Re: Race from 500k to 1M!
« Reply #2923 on: January 03, 2022, 02:52:22 PM »
I just hit the $500K mark last month (could not be more excited!) and so now am officially throwing down the gauntlet for $1M. My goal is to hit this by age 32 (I'm 28 at the moment). I'm not sure how I'll do it just yet, but I also didn't think I'd be at $500K by 28, so just gotta take the plunge!

Here's my net worth history:
* Dec 2014 (21): $554
* Dec 2015 (22): $32.2K (+31K)
* Dec 2016 (23): $100.7K (+68.5K)
* Dec 2017 (24): $149.6K (+48.9K)
* Dec 2018 (25): $208K (+58.4K)
* Dec 2019 (26): $264K (+56K)
* Dec 2020 (27): $424K (+160K)
* Current (28): ~$510K (as of May 2021)

Ended the year a bit up from here:
Dec 2021: $562,477 (+$138K from this point last year)!

Aiming to contribute around $90K to investments this year, so with a little bit of luck, might just get to $700K in assets this year. (Though I'm grateful to be in this position even if I don't.)

lampstache

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Re: Race from 500k to 1M!
« Reply #2924 on: January 03, 2022, 07:08:17 PM »
Investments only

Up +$224,418 for the year in 2021. Bonkers.

                       2017                2018                2019                2020                2021                2022               
January$34,633$56,928,$98,248$176,153$419,499$643,917
February$40,740$56,241$115,926$182,362$433,878-
March???$57,195$123,445$171,868$481,671-
April$41,346$57,635$129,678$188,425$503,015-
May$41,840$66,682$136,527$255,004$536,515-
June$45,227$71,500$132,945$279,130$570,802-
July$45,862$75,817$142,557$290,173$570,802-
August$47,377$85,050$150,420$310,173$568,446-
September$47,669$87,937$146,310$336,875$596,208-
October$50,397$94,114$150,536$338,532$590,085-
November$52,288$95,502$155,627$332,899$625,776-
December???$93,596$165,458$396,311$611,435-

Vashy

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Re: Race from 500k to 1M!
« Reply #2925 on: January 04, 2022, 02:51:51 AM »
end-2018:  287,177
------------------------
Mar-2019: 313,570
Apr-2019: 322,726
May-2019: 330,583
Jun-2019: 339,992
Jul-2019: 349,062
Aug-2019: 354,036
Sep-2019: 362,238
Oct-2019: 370,985
Nov-2019: 378,005
Dec-2019: 385,670
---------------------------
Jan-2020: 394,002
Feb-2020: 394,625
Mar-2020: 366,559
Apr-2020: 367,364
May-2020: 387,750
Jun-2020: 395,376
Jul-2020: 406,107
Aug-2020: 407,577
Sep-2020: 415,436
Oct-2020: 424,444
Nov-2020: 436,017
Dec-2020: 445,311
-------------------------
Jan-2021: 460,732
Feb-2021: 468,507
Mar-2021: 469,417
Apr-2021: 483,531
May-2021: 496,874
Jun-2021: 504,408
Jul-2021: 511,775
Aug-2021: 519,225
Sep-2021: 531,083
Oct-2021: 566,962
Nov-2021: 588,910
Dec-2021: 591,798

About 50k of the y-o-y increase was the new valuation of the house, but I'm still very impressed with what's possible.

soulpatchmike

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Re: Race from 500k to 1M!
« Reply #2926 on: January 04, 2022, 12:13:12 PM »
Investable NW/Liquid
2018$497k/$140k
2019$562k/$202k
2020$777k/$338k
2021$956k/$474k

solon

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Re: Race from 500k to 1M!
« Reply #2927 on: January 05, 2022, 06:45:50 AM »

                       2018                2019                2020                2021                2022               
January132,155177,349282,110344,002562,144
February138,015188,332290,845360,553-
March138,469187,634288,022367,222-
April148,093197,461257,224387,064-
May158,814194,010276,627398,896-
June161,284186,414299,563407,230-
July160,446196,934304,249418,701-
August168,222267,535318,456520,045-
September184,158268,153324,661527,305-
October189,536271,542317,511520,004-
November184,146283,636323,958552,965-
December182,675287,248341,124542,337-


Dr Kidstache

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Re: Race from 500k to 1M!
« Reply #2928 on: January 05, 2022, 08:48:03 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 
June 5 2020: $654,920
July 5 2020: $650,510
Aug 5 2020: $685,038
Sept 5 2020: $704,156
Oct 5 2020: $706,274
Nov 5 2020: $733,378
Dec 5 2020: $812,902
Jan 5 2021: $829,260
Feb 5 2021: $865,479
Mar 5 2021: $862,635
Apr 5 2021: $902,462
Jun 6 2021: $954,561
Jul 5 2021: $958,034
Aug 5 2021: $968,721
Sept 5 2021: $1,002,515   
Oct 6 2021: $971,883
Nov 5 2021: $1,017,020
Dec 5 2021: TNW $977, 498   <-- Bought house
                Investments $644,114

Jan 5 2021: TNW $974,113  Investments $680,246 ($36,132)

My TNW didn't actually go down. I'm pulling in Zillow - 7% for house value and it was way too high last month and adjusted to a more reasonable amount this month.

Imustacheyouaquestion

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Re: Race from 500k to 1M!
« Reply #2929 on: January 05, 2022, 06:18:47 PM »

                       2020                20212022
January-$580,000$809,000
February-$584,000-
March-$605,000-
April-$622,000-
May-$650,000-
June-$656,000-
July-$677,000-
August-$682,000-
September$517,937$700,500-
October$511,000$696,000-
November$514,001$803,000-
December$567,000$788,000-

Here's to next year! Goals are to save $100k, buy more real estate, and donate 1% more than last year.

https://docs.google.com/spreadsheets/d/1jLRMTDbemf-JwZA10noQ8RrEf3EzpWC0R58nNypstrM/edit?usp=sharing

skip207

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Re: Race from 500k to 1M!
« Reply #2930 on: January 06, 2022, 07:46:32 PM »
Mission: COMPLETED

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
01/05/21 856901
01/06/21 877243
01/07/21 907604
01/08/21 922728
01/09/21 941531
01/10/21 949972
01/11/21 971260
01/12/21 988856
01/01/22 1009351

An amazing year.  Up 220k.  Thats an average of 18k a month.  Insane.
My income is around 5k a month.  So the rest of it is gains.

I never thought I would get here so quickly.  I was back at 300k TNW about 5 years ago.

I am on track to FIRE later in 2022.

I wont be joining the 1-2M thread as I wont be really going much further than this.

My "number" back in 2017 was 850k.  To be at 1MM today is just amazing and it has been a lot of work but its been worth it.

My new goal is to FIRE - obviously.  But also to try and maintain this TNW as long as I can.

I have a bit of money coming from the wrapping up of my business so I expect to be at around 1.1 to 1.15M at the mid point of 2022 when I hopefully will FIRE and then start a whole new journey.  I will update my progress in other threads as I go.

Cheers guys and good luck everyone!

Trifele

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    • In The Garden
Re: Race from 500k to 1M!
« Reply #2931 on: January 07, 2022, 04:40:16 AM »
Mission: COMPLETED

Cheers guys and good luck everyone!

Congratulations @skip207 !

                                       

lollylegs

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Re: Race from 500k to 1M!
« Reply #2932 on: January 07, 2022, 12:13:57 PM »
Just broke through another level - $602,920!  15 months from joining this thread - it will be interesting to see how long the next $100,000 takes.

Just thought I would update this - we hit $700,000 at the start of November - so it only took 7 months to go from 6 to 7 investing close to the same amount as in the 18 months prior. 


Steeze

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Re: Race from 500k to 1M!
« Reply #2933 on: January 07, 2022, 12:19:10 PM »
Mission: COMPLETED

Cheers guys and good luck everyone!

Congratulations @skip207 !

                                       

Great show

skip207

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Re: Race from 500k to 1M!
« Reply #2934 on: January 07, 2022, 10:08:41 PM »
Cheers guys!  I might post a final number here once I FIRE just to see what I can do in the next 6 months between now and then.
1.2 would be amazing but I think 1.1 is more possible.  Or you never know I might drop back sub 1M again who knows!!

mountain_air

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Re: Race from 500k to 1M!
« Reply #2935 on: January 08, 2022, 11:21:40 AM »
5/1/18    135,266
6/1/18    146,521
7/1/18    150,573
8/1/18    155,306
9/1/18    169,777
10/1/18  178,901
11/1/18  179,225
12/1/18  185,066
1/1/19    184,310
2/1/19    196,092
3/1/19    202,431
4/1/19    228,194
5/1/19    242,596
6/1/19    241,727
7/1/19    258,652
8/1/19 -  174,529 (bought a house)
9/1/19 - 192,565
10/1/19 - 259,358
11/1/19 - 273,244
12/1/19 - 302,448
1/1/20 - 301,682
2/1/20 - 304,295
3/1/20 - 306,773
4/1/20 - 285,603
5/1/20 - 312,209
6/1/20 - 335,833
7/1/20 - 347,776
8/1/20 - 362,340
9/1/20 - 368,846
10/1/20 - 370,190
11/1/20 - 386,231
9/28/21 - 504,976
11/5/21 - 511,106
12/10/21 - 509,903
1/8/21 - 509,888

pasadenafr

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Re: Race from 500k to 1M!
« Reply #2936 on: January 17, 2022, 08:25:16 PM »
Invested assets, long term savings and debts:

12/31/14    $51,962.23
12/31/15    $92,762.33
12/31/16    $163,900.00
12/31/17    $251,415.07
12/31/18    $330,093.64 - new job, nice retention bonus from previous job
12/31/19    $519,878.70 - pension lump sum after leaving old job (rolled into 401k)
12/31/20    $714,958.33
12/31/21    $993,847.78

---

01/31/21    $732,701.46
02/28/21    $752,893.42
03/31/21    $768,088.25 - maxed out 401k
04/30/21    $812,226.27
05/31/21    $818,349.97
06/30/21    $845,008.30
07/31/21    $870,706.07 - maxed out Mega Backdoor Roth
08/31/21    $896,241.14 - so clooooose to $900k
09/30/21    $893,116.97 - ouch? Annual bonus is in there, this is my biggest contribution of the year, lol.
10/30/21    $983,679.38 - wut?
11/30/21    $981,391.74 - Temporarily reached $1M on 11/03
12/31/21    $993,847.78


A bit late for the final update of the year, but hey, vacations. It's kinda annoying to finish the year so freaking close to the line, but honestly, I never thought I would be there so early, so I'll take it. Especially since January is a down month so far. Oh, well.

So to recap this year, my NW grew by $278,888.98, which is a jaw-dropping 39%. About 55% of that was new money, the rest was the market.

Now let's hope that I finish 2022 as a graduate :)

grantmeaname

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Re: Race from 500k to 1M!
« Reply #2937 on: January 31, 2022, 06:16:06 AM »
Down a little but under $500 with the big market sell off, but next month is my biggest pay month of the year by far so I'll be back to actually belonging in this thread unless something really catastrophic happens in the market.


                      Jan       Feb       Mar    |       Apr       May       Jun    |       Jul       Aug       Sep    |       Oct       Nov       Dec
2015 -$10k-$10k-$10k|-$10k-$10k-$10k|-$10k-$10k-$10k|-$9k-$6k-$5k
2016 -$3k-$2k-$0k|$1k$3k$4k|$6k$7k$9k|$9k$11k$13k
2017 $15k$16k$18k|$20k$22k$24k|$26k$27k$30k|$32k$35k$36k
2018 $45k$44k$53k|$56k$55k$52k|$63k$62k$65k|$75k$72k$73k
2019 $80k$100k$104k|$108k$119k$126k|$127k$130k$133k|$141k$153k$163k
2020 $167k$162k$156k|$187k$196k$208k|$228k$242k$246k|$252k$287k$303k
2021 $316k$365k$377k|$403k$414k$428k|$444k$460k$461k|$485k$485k$516k
2022 $495k--|---|---|---


JustFixIt

  • 5 O'Clock Shadow
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  • Location: Texas
Re: Race from 500k to 1M!
« Reply #2938 on: January 31, 2022, 07:39:28 AM »
Count me in!

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

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

2020 1,016K
2021 1,200K

Off to the $1M to $2M thread.



Turtle

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Re: Race from 500k to 1M!
« Reply #2939 on: January 31, 2022, 08:25:10 AM »
Will wait for actual closing numbers today for a number update, but the rollercoaster continues.

Took advantage of the chance to rebalance out of target date fund in small account of my spouse, which was the default choice but overly conservative with other factors taken into account.

That won't effect my numbers here, since I'm in this race is just for my retirement and investment accounts.

Turtle

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Re: Race from 500k to 1M!
« Reply #2940 on: January 31, 2022, 08:28:01 AM »
Down a little but under $500 with the big market sell off, but next month is my biggest pay month of the year by far so I'll be back to actually belonging in this thread unless something really catastrophic happens in the market.


Largest annual lump add for me is also coming up in the next few weeks.  These are the times when it's not bad to be buying stocks "on sale" as it were.

grantmeaname

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Re: Race from 500k to 1M!
« Reply #2941 on: January 31, 2022, 12:00:31 PM »
Absolutely!

Dogastrophe

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Re: Race from 500k to 1M!
« Reply #2942 on: January 31, 2022, 03:02:05 PM »
Investments only; Household combined.

                       2019 ($)            2020 ($)            2021 ($)            2022 ($)           
January-496,255674,413898,547
February-472,573700,728-
March-444,067732,652-
April-495,051762,029-
May-524,063759,955-
June-524,530796,116-
July330,406552,296826,664-
August437,870632,115866,404-
September443,081617,959827,075-
October452,295604,646873,651-
November483,711664,577898,767-
December484,963674,843925,511-


tjrssibelle

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Re: Race from 500k to 1M!
« Reply #2943 on: January 31, 2022, 06:52:07 PM »
Investments only;

Dec 2016: $129.04k
Dec 2017: $196.66k
Dec 2018: $227.08k
Dec 2019: $339.51k

Jan 2020: $347.23k
Feb 2020: $330.32k
Mar 2020: $293.63k
Apr 2020: $323.58k
May 2020: $340.17k
Jun 2020: $356.25k
July 2020: $377.68k
Aug 2020: $397.52k
Sep 2020: $390.84k
Oct 2020: $384.47k
Nov 2020: $431.15k
Dec 2020: $448.30k

Jan 2021: $458.12k
Feb 2021: $472k
Mar 2021: $491k
Apr 2021: $513.64k
May 2021: $522.51k
Jun 2021: $534.07k
July 2021: $542.13k
Aug 2021: $558.19k
Sep 2021: $535.50k
Oct 2021: $566.00k
Nov 2021: $554.97k
Dec 2021: $579.50k
Jan 2022: $555.08k

Sent from my SM-N960U using Tapatalk


bigote2032

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Re: Race from 500k to 1M!
« Reply #2944 on: January 31, 2022, 07:59:14 PM »
Bad month, too bad I ran dry after the holidays and could not buy extra stocks that are on sale, crossing the 1M it's been difficult, so close but so far.

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
4/30/2021    $842,437.81
5/31/2021    $852,073.79
6/30/2021    $873,053.96
7/31/2021    $895,493.04
8/31/2021    $920,587.71
9/30/2021    $898,971.63
10/31/2021    $946,929.81
11/30/2021    $947,649.37
12/31/2021    $987,843.35
1/31/2022    $914,921.53

oneday

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Re: Race from 500k to 1M!
« Reply #2945 on: January 31, 2022, 11:12:53 PM »
Hello! I see some familiar folks from the Race to $500K thread.

Investments are $515K at 12/31/21. I'll do a formatted chart for next month's update; this is just a quick post as the holidays are still happening in my world for another day.

Investments dropped to $491K this month. A setback to Nov 2021 value. Total NW is over $500K, but I'm aiming for investments only over $500K for this thread. Surely I'll be there soon.

bownyboy

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Re: Race from 500k to 1M!
« Reply #2946 on: February 01, 2022, 12:58:45 AM »
Wow, that was a bumpy month! At one point we were down 5.2% which was almost the same as the Covid drop back in March 2020.

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)
===============
Jan 2022 796,528 (+86,284)
Feb 2922 776,496 (-20,032)


skip207

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Re: Race from 500k to 1M!
« Reply #2947 on: February 01, 2022, 04:48:21 AM »
Ouchie!!! That was not a great month was it.  Went from 1009k to 970k.
Exactly the same thing happened the month after I joined this thread at 500k.  Strange how things like that happen.

We also had to pay our annual tax bill which was more than usual.  We also had to buy a new car as the lease on our current car was ending.  Used car prices are through the roof at the moment!

Anyway, all in given what we have paid out I think we are lucky to be "just" 39k down for the month...


charis

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Re: Race from 500k to 1M!
« Reply #2948 on: February 01, 2022, 05:53:11 AM »
Apr 2017: 175k NW
Apr 2018: 333k
Apr 2019: 400k
Feb 2020: 515k
Aug 2020: 602k (415k invested)
Dec 2020: 669k (478k)
Jan 2021: 690k (507k)
Mar 2021: 716k (529k)
Apr 2021: 751k (551k)
May 2021: 787k (576k)
Jun 2021: 807k (592k)
Jul 2021: 833k (611k)
Aug 2021: 831k (625k)
Sept 2021: 640K (invested only hereafter)
Oct 2021: 628k
Nov 2021: 662k
Dec 2021: 657k
Jan 2022: 688k

We spent our butts off in Dec, probably the highest month ever, not including a spring vacation that will be paid off in credit card points. But it's hard to care when investments are up 200k for the year. I'm excited to max the 2022 IRAs on Monday and see my new 401k contribution on the paystub.

Feb 2022: 669k

So my 12k IRA deposit on January 3 didn't pan out quite as one would hope, lol! We broke 700k briefly in the first week and quickly dropped, but I'm glad to have rebounded a bit. Savings rate improved from December.

But I'm getting a rude awakening on our tax returns, showing that we owe 4k federally! Wtf!?  Our income did increase but not that much. Ugh
« Last Edit: February 01, 2022, 12:35:39 PM by charis »

dandypandys

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Re: Race from 500k to 1M!
« Reply #2949 on: February 01, 2022, 06:00:31 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 (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!?
Dec 29th: $624 UP 90.5k for 2020

2021
Mar 2nd: $665
Mar 31: $674.5
May 1st: $703
May 28: $714
June 30: $728
July 30th: $777 sold some art :)
Sept 1: $796
Oct 1: $771.5
Nov: $808
Dec: $815.5   Put the condo up to 150k- Zillow says 180k now. Had to buy a nice new fridge :) but now both cars need fixed too, arg.
Dec 31:  $843  UP 218,977for 2021, but some was the condo

2021
Feb 1st: $807