Race from 500k to 1M!

[asosharp]

Woohoo!!! Finally!!!

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34

Congratulations!!

[Trifle]

At close of trading today I edged over the line with a LNW of AU$1,002,455!

Nice job Ozbeach!   

[Finallyunderstand]

Estimates of NW over the years with more concrete values currently
2011: $40k  Real estate sucked (I'm a realtor and own rentals), income was low and equity was non existent.  Tough times!
2012: $55k
2013: $75k
2014: $160k  Being a realtor and also having a large portion of NW in real estate helped income and value go up drastically. (income $155k) plus asset appreciation
2015: $295k  (income $210k) plus asset appreciation
2016: $505k (income $242k) plus asset appreciation
Started using Mint for tracking in 2017
2017: March $515
         April $500 spent money... :(
         May $521
         June $573
         July $588
         Aug $605k
         Sep $647k
         Oct $650k
         Dec $684K
2018
         Jan $725k 

[willfire]

Dec 2014: 410,781
Dec 2015: 449,701
Dec 2016: 517,871
Dec 2017: 650,444
01/20/2018:  679,426

started to get serious about investing around 2007, before that it was mostly in CD's.  It took a long time to get to the first 500k, hopefully the 2nd half will come much quicker. 

Average about 35k to 40k of contribution per year, the rest is from Mr. market.

[Trifle]

That's some nice progress, Willfire. Welcome aboard!

[ShadowRegent]

Finally made it today (much sooner than I expected)!  A little surreal, and I suspect a downturn will push me back below $1M at some point soon... but until then, onward to $2M!

1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)

[Zamboni]

Congrats, ShadowRegent!

[NinetyFour]

Congrats, ShadowRegent!

Well done!!!  :D

[Lila8]

Exercise company options and consolidate investments @ Vanguard: Soon as there's a decent recovery. Not sure what's ailing it lately. Can you clarify this please? Recovery from what? What is ailing lately?

Thanks, Dicey.
The company's stock price has been depressed the past couple of months, despite analyst valuations that are significantly higher.

[skip207]

Has anyone plotted a curve to plot time vs progress for everyone?  I know someone did this once on the 250-500 thread and it was actually quite interesting to see the average and how the majority progressed within pretty much the same time frame. 

[FireHiker]

               Stash           Total NW including home equity
3/28/17:   667k           1.208M
4/28/17:   704k           1.193M
5/25/17:   716k           1.244M
6/27/17:   734k           1.284M
7/24/17:   752k           1.287M
8/24/17:   753k           1.303M
9/28/17:   783k           1.384M
10/31/17: 800k           1.411M
11/27/17: 821k           1.432M
12/26/17: 844k           1.452M
1/25/18:   890K           1.511M

I am astounded at the numbers from the past year, even though so much of it is market gains and therefore not within my control.

[TempusFugit]

               Stash           Total NW including home equity
3/28/17:   667k           1.208M
4/28/17:   704k           1.193M
5/25/17:   716k           1.244M
6/27/17:   734k           1.284M
7/24/17:   752k           1.287M
8/24/17:   753k           1.303M
9/28/17:   783k           1.384M
10/31/17: 800k           1.411M
11/27/17: 821k           1.432M
12/26/17: 844k           1.452M
1/25/18:   890K           1.511M

I am astounded at the numbers from the past year, even though so much of it is market gains and therefore not within my control.

What's the line about luck favoring the prepared?  Having the discipline to put yourself into a position to benefit from a rising market was under your control.

[TheAnonOne]

Pretty excited to post and see others posts this month. I am already at a record month and I still have a huge paycheck before Jan is over!

[willfire]

That's some nice progress, Willfire. Welcome aboard!

thanks, Trifele.

Really thrilled by the progress but little scared at the same time.  can't stop thinking when will be a correction, although theoretically it's a good buying opportunity.

1 mil. still seems so far away...

[Trifle]

That's some nice progress, Willfire. Welcome aboard!

thanks, Trifele.

Really thrilled by the progress but little scared at the same time.  can't stop thinking when will be a correction, although theoretically it's a good buying opportunity.

1 mil. still seems so far away...

Yeah, there will be a correction, but we just need to ride it out . . . When it happens, it's not theoretically a good opportunity; it IS a good opportunity. :) 

[Zamboni]

I decided to post my update on a mini-correction day instead of waiting until tomorrow (since January has just been insane in terms of market gains anyway):

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Decided to add in home equity and give net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K

[TheAnonOne]

Returning to update . . .

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) (Had the month ended on Monday, it would have been whopping 7-10k higher!)

FIRST posting of the year!

Almost our best month ever! Simply tied for now. When my paycheck actually clears it might bump us into record territory. I get paid once a month so, when I make these it's a good guess at my income. I always come back and adjust!

FOLLOWUP- I probably did beat my record but given this month of down market I think I will just leave this post-as-is :) Down 22k so far! weeee


+$24k this year! Aiming, for 100k in any given year of savings. Though, I am really only tracking worth gains, not savings directly. (So it includes gains/losses in the market) Given 11 month(s) left, and 76k more to go, I should hit this goal!

[JustGettingStarted1980]

Kicking some ass Anon! Keep it going!

[skip207]

Officially joining with my first proper update.

A very up and down month was well into 500k early Jan, markets cost me in the last 2 days but still passed the line :)

01/01/17 £374668
01/01/18 £497097
01/02/18 £500655

Targets

FIRE 2022 age low 40s.
Number £850k
Targets is to put around £100k onto the NW each year for the next 4 years. 
Target income at FIRE £35-40k.

[Trifle]

Wow was this a good month!  I know it can't continue, but this past year has been fun.

Monthly update (retirement investments only, not counting 529s or house equity).   

               Invested (+/-)
5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)
1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)

[Trifle]

Welcome aboard Skip207!  You are making great progress.

[salt cured]

Obviously this was a great month. NW is up $46k over last month, shattering our previous best increase (+$30k). Our year-over-year NW increase is over $200k for the first time. And we went from $500k to $600k in just under four months. $1000k in 2019 now seems possible.

I also got some financial housekeeping done this month. I finally rolled the last of our high fee investments into Fidelity. These were a mix of American Funds that have performed in line with the SP500 the last several years, but it was time to get them back under our control. I dropped off our tax information with our accountant and expect to have that squared away soon (I'm not capable of DIYing them anymore). I'm hoping for a roughly ~$5k refund, which will all go to a family member as a gift. Last but not least, we finally opened a taxable investment account (and proceeded to lose $15 this month!).

Aug17:	$488k
Sep17:	$507k
Oct17:	$526k
Nov17:	$546k
Dec17:	$566k
Jan18:	$612k

[Zoot]

First day of a new month--time for another update!  :)

Month	Liquid	Net Worth
Jan-17	$604K	$883K
Feb-17	$622K	$905K
Mar-17	$651K	$930K
Apr-17	$660K	$939K
May-17	$675K	$954K
Jun-17	$694K	$967K
Jul-17	$717K	$991K
Aug-17	$721K	$1,000K
Sep-17	$738K	$1,007K
Oct-17	$762K	$1,033K
Nov-17	$782K	$1,055K
Dec-17	$796K	$1,058K
Jan-18	$836K	$1,095K

How can it POSSIBLY be that our net worth rose $37K this month--or, even more mind-boggling, that our investment accounts rose by $40K?  It still boggles my mind. 

Yes, we added our usual ~$7K through savings in tax-deferred accounts, employer match, and post-tax savings, so I suppose that made our actual investment account GAIN "only" $33K.  Still--wow.

We made another payment of 7K to our contractors on our home renovations (we'll pay the last $1K next month and will be done with that for a while).

Here's to a successful February for everybody!

(posting also in the $1M to $2M thread for net worth)

[boarder42]

Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW

[Done by Forty]

Looks like we made at least part of the goal! Now to get the whole way there with our liquid assets.

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
11/1/17: $872k liquid ($959k NW)
12/1/17: $889k liquid ($976k NW)
1/1/18: $902k liquid ($997k NW)
2/1/18: $939k liquid ($1.035M NW)

[RWD]

Looks like we made at least part of the goal! Now to get the whole way there with our liquid assets.

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
11/1/17: $872k liquid ($959k NW)
12/1/17: $889k liquid ($976k NW)
1/1/18: $902k liquid ($997k NW)
2/1/18: $939k liquid ($1.035M NW)

Congrats!

[NinetyFour]

Looks like we made at least part of the goal! Now to get the whole way there with our liquid assets.

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
11/1/17: $872k liquid ($959k NW)
12/1/17: $889k liquid ($976k NW)
1/1/18: $902k liquid ($997k NW)
2/1/18: $939k liquid ($1.035M NW)

Congrats!

Woo hoo!!!!!  :)

[kapnfriday]

Wow, what a month January was.

Invested assets:
12-2017: $510,037
1-2018: $539,718 (+29.6k)

I keep asking myself if this is for real.

[fiStressRelief]

1/1/18   - 633k / 1000k
2/1/18   - 668k / 1034k

Good start to the year!

[TempusFugit]

Jan 2018 - 846K  /  987K 
Feb 2018 - 880K /  1.02M     

+33K on the year so far.

Can't help but feel the footsteps of a major correction on the horizon. Too many people are talking about the market at the office and in social circles.  Has that effervescent feel.  But we could still have a ways to go up.  I was expecting a downturn 3 years ago. And 2 years ago. And again last year. 

Greenspan says we're in a bubble.  Back when he was at the wheel and called it 'irrational exuberance', there were a few years left on the upswing before the burst. 

[YellowCat]

Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 ($17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)

As everybody mentioned, it certainly was a crazy month! Our best yet by far.

[mynewchoice]

In the spirit of the new year, I thought I'd change up my updates to give me more of a historical snapshot and monitor my year over year increase as well.  Tracking my liquid investments only and looking to close the gap on $1MM this year with a stretch goal to actually reach it if all goes well!

YOY Increase	2018		2017		2016
+164k	01/01/18   710k		01/01/17   546k		01/01/16   461k
+188k	02/01/18   748k		02/01/17   560k		02/01/16   436k
	03/01/18		03/01/17   582k		03/01/16   450k
	04/01/18		04/01/17   594k		04/01/16   481k
	05/01/18		05/01/17   603k		05/01/16   481k
	06/01/18		06/01/17   617k		06/01/16   496k
	07/01/18		07/01/17   620k		07/01/16   492k
	08/01/18		08/01/17   633k		08/01/16   518k
	09/01/18		09/01/17   640k		09/01/16   526k
	10/01/18		10/01/17   660k		10/01/16   523k
	11/01/18		11/01/17   678k		11/01/16   509k
	12/01/18		12/01/17   699k		12/01/16   531k

[OurTown]

5/1/15 = $284

10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
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

[G-Cool]

I finally made it! So happy to join this prestigious club!

02/2018 : $502k Inv. / $627k NW

Thank you all for your inspiration :-)

[Trifle]

I finally made it! So happy to join this prestigious club!

02/2018 : $502k Inv. / $627k NW

Thank you all for your inspiration :-)

Welcome G-Cool!  Come on in, friend.

EDITED to add -- You squeaked in just before the market dip yesterday, haha.  Don't worry, you'll be in good company if your end-of-February number dips back below $500k . . .  We can all cry in our beer -- and then ride it out -- together.   

[asauer]

Aug 1 2017: 519, 045.81
Sept. 2017: 526, 110.79
Oct  2017:531,034.52
Nov 2017: 548,730
Dec 2017: 564,953
Jan 2018: 585,693
Feb 2018: 613,810

Nice increase even with the sight market correction last week! 

[YoungGranny]

Dec. 2017: $502k
Jan. 2, 2018: $513.7k

Feb. 5, 2018: $539.9k

Market increases + annual 401k bonus + high savings rate = magic :)

[willfire]

That's some nice progress, Willfire. Welcome aboard!

thanks, Trifele.

Really thrilled by the progress but little scared at the same time.  can't stop thinking when will be a correction, although theoretically it's a good buying opportunity.

1 mil. still seems so far away...

Yeah, there will be a correction, but we just need to ride it out . . . When it happens, it's not theoretically a good opportunity; it IS a good opportunity. :)

I think I might have jinxed myself...

[formerlydivorcedmom]

These numbers are as of Saturday.... I was really excited to see that our liquid net worth went up by exactly $100k in 2017, although our savings rate was not as good as it normally is. 

I don't expect the numbers to remain so pretty (and we "lost" value of about $10k on Friday). However, on Friday I upped my 401k contribution to max it out for 2018, so we'll be in a good position to take advantage of any correction.

                   Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k
End of 2017: 532k / 664k [+83k college funds] * Sep - husband started working part-time; still going to college

end of Jan 2018:  553k / 686k  [+85k college funds]

[talltexan]

I graduated to the "race to $2,000,000" thread last year, but I'm nervous about a bear market. Please be nice to me, guys, when I come crawling back...

Rebalancing today, currently I have almost no bonds.

[salt cured]

I graduated to the "race to $2,000,000" thread last year, but I'm nervous about a bear market. Please be nice to me, guys, when I come crawling back...

Rebalancing today, currently I have almost no bonds.

What are you buying, if you don't mind me asking? We have about 10% of our stash in a mix of cash, TIPS, and intermediate government bonds, but I don't have a good rationale for this mix. I've had a lot of trouble finding guidance on fixed income.

[talltexan]

For bonds, I have a Roth in which I just buy something like "bond fund for America". I sold the stake in November because it felt like it was slowing me down (I'm currently 37 and thought I could handle the risk). Within my 401K there's just a generic bond fund. Intermediate or short term bonds should be fine for your needs.

[skip207]

So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

[Trifle]

So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark. 

[JustGettingStarted1980]

I graduated to the "race to $2,000,000" thread last year, but I'm nervous about a bear market. Please be nice to me, guys, when I come crawling back...

Rebalancing today, currently I have almost no bonds.

What are you buying, if you don't mind me asking? We have about 10% of our stash in a mix of cash, TIPS, and intermediate government bonds, but I don't have a good rationale for this mix. I've had a lot of trouble finding guidance on fixed income.

This is a Bogleheads Forum question. They'll give you the best input, IMHO, in regards to this.  Your question has likely been answered (and discussed and debated and debated some more) dozens of times on that forum. Just use the search function.

www.bogleheads.org

All the best,

JGS

FWIW, I'm also 90% Equities, 10% Bonds. My Bonds are in US Treasuries (30 year -yields about 3%) as per the Cash Balance plan at my workplace, and that's enough for me.

[rebel_quietude]

So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark.

Well, it was nice while it lasted . . .

In the meantime, sending a virtual hug to all those whose nets just dropped ~50k. *sigh*

[JustGettingStarted1980]

So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark.

Well, it was nice while it lasted . . .

In the meantime, sending a virtual hug to all those whose nets just dropped ~50k. *sigh*

 This is why I update every three months instead of monthly.  Less noise in the NW trends.  This is also why I make a point of counting total number of shares I have at the end of every year.

[BeanCounter]

So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark.

Well, it was nice while it lasted . . .

In the meantime, sending a virtual hug to all those whose nets just dropped ~50k. *sigh*

sigh. I am no longer a millionaire. Bummer.

[Chairman]

Joining the club.

...

Not sure when/if I'll get to 1m; may semi-FIRE before then.

...

If the market were to stay flat, would probably hit 1m investible around 6 months from now.

Quarterly update, November 2017:

....

Not declaring victory yet though until I have 1m investible and no debt to the bank.

Quarterly update, February 2018:

• Q1 2018: 1,075k liquid + 409k home equity: total 1,484k (debt: 141k)
• Q4 2017: 1,005k liquid + 332k home equity: total 1,337k (debt: 189k)
• Q3 2017: 894k liquid + 313k home equity: total 1,207k (debt: approx 193k)
• Q2 2017: 720k liquid + 250k home equity: total 970k (debt: approx 228k)

I am not entirely sure of the dates and numbers, but this is vaguely correct... Net worth is clearly north of $1m now, and we even have more than $1m invested/investible, but still not debt free: another $66k and we'd have enough to pay off our debts and still have $1m invested/investible, so getting pretty close now.

[asosharp]

I'm at $797,202. Still up from last month, which is great considering that I bought my share parcels just before the recent downturn.

Also I have cryptocurrency and as you all know the value of crypto went down quite a bit. I'm down on one of the coins, but I'm still heaps up on one of the other ones I bought.

The property market is at a low where I am at the moment, and I'm considering purchasing a house some time later this year or maybe next year. But we'll see. I actually read an article last week or so about a 35 year old retiring due to Mustachian concepts and instead what he does now is to travel the world. I have this kind of work vs travel thing in my head going so we'll see which one wins out in the end!