Race from 500k to 1M!

[3Mer]

I am joining you all on this challenge.   Was eligible January of this year, but had alot of moving parts this year.

Liquid assets / Net worth

Jan 2018 $415.5K / $508K
Jun 2018  $518.8K / $578.4K

So I am early on in this race, just over the $500K mark this year.  Hoping the 2nd 500K goes much faster than the 1st.

(edited for month end)

[Ladychips]

Thanks for the welcome Trifele!  BriarRose111, we'll be in it together!!

[3Mer]

Ladychips, thanks! Nice to have some company on the journey. :-)

[Arbitrage]

Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
5/17/18: $765k / 1.112M
6/29/18: $773k / 1.137M

[OurTown]

1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
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
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
7/1/18 = $612

[Trifle]

Monthly check in, counting investment accounts only (not real estate, and not college savings accounts). 

               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)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
5/1/18 --    $738k (+$7k)
6/1/18 --    $747k (+$9k)
7/1/18 --    $744k (-$3k)

Pretty flat month.  We are gut-renovating a house, so our cash firehose is mostly pointed at that right now rather than investments.  Accounts are largely just drifting -- rising and falling with the markets.

[tightwaddy]

Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
April 30, 2018:  $510,215 ($937,731)
May 31, 2018: $514,410 ($950,830)
June 30, 2018 $525,227 ($964,045)

[ToughMother]

Net Worth Benchmarks

4/3/14     $430k (start tracking, thx MMM)
9/19/14    $500k
11/6/14    $550k
5/9/15     $600k
4/13/16    $650k
9/7/16     $700k
5/6/17     $750k
9/9/17     $800k
12/15/17   $850k
3/10/18    $900k
6/16/18    $950k

[TempusFugit]

                LNW      TNW
Jan 2018 -  846K  /  987K 
Feb 2018 -  880K / 1.02M     
Mar 2018 -  859K / 1.00M
Apr 2018 -  855K /   996K 
May 2018 - 856K /   999K   
Jun 2018  - 875K / 1.02M
Jul  2018  - 887K / 1.03M

S&P is only up 1.67% on the year, so maybe the second half will give us all a little bump to finish strong.  Then again, maybe we're all better off if it stays in the doldrums while we're still buyers... 

[JGS1980]

Jan-16      $257,514.77 (+49,787)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)
Oct -16     $357,689.04 (+53,415)
Jan -17     $405,710.23 (+48,021)
April -17   $446,004.04 (+39,424)
July-17     $496,327.00 (+50,322)
Oct-17      $535,958.74 (+39,631)
Jan-18      $617,102.81 (+81,144)
April -18   $649,856.20 (+32,718)
July -18    $704,760.25 (+54,904)

New Account due to email issues, but same old JGS, with an update... second best quarter ever. Savings rate continues to FAR outpace any compounding in the investment accounts, which have been flat.

JGS

[NinetyFour]

At $926K.

IF the markets stay flat, my income in the next month will put me into the double comma club.  Yes, I know that's a big IF.  :)

Well, so much for the markets staying flat.  :-/

But my NW is now up to $950K anyway, because of an extra income payout.  When $33K hits my tax-deferred accounts next week, I'll be even closer to the BIG milestone.  :)

[skip207]

01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804
01/04/18 £492551
01/05/18 £503531
01/06/18 £519609
01/07/18 £534656

[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)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)
May 2018: $713,039 (+25,788)
Jun 2018: $719,898 (+6,859)

Not a spectacular increase this month but we are up ~$198k since June 2017. I'll take that.

[Bergal]

 Adding July 1 numbers.  Grr.  Slight step backwards ...
   

                     Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701K                $954k
2/1/18          $730k                $993k
3/1/18          $708k                $972k
4/1/18          $710k                $974k
5/1/18          $710K                $974k
6/1/18          $725K                $990k
7/1/18          $723K                $989K

[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)
2018 FEB	:	569k	(+11k)
2018 MAR	:	560k	(-9k)
2018 APR	:	574k	(+14k/+5k)
2018 MAY	:	575k	(+1k)
2018 JUNE	:	575k	+0

Last two months were expensive and nonprofitable! We were in Asia for the vast majority of May, and in June we had a weekend trip along with a new contract/job switch for myself that included a little downtime (3 days).

Either way, it should resume normal progress starting next month!

[asauer]

Not a big gain this month due to some high med bills.  Still, going up!

Jan '18: 580,300
Mar '18: 598,200
June '18: 616,400
July '18: 616,900

[mynewchoice]

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
+140k	03/01/18   722k		03/01/17   582k		03/01/16   450k
+132k	04/01/18   726k		04/01/17   594k		04/01/16   481k
+202k	05/01/18   805k		05/01/17   603k		05/01/16   481k
+204k	06/01/18   821k		06/01/17   617k		06/01/16   496k
+215k	07/01/18   835k		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

Had a nice increase in June, and holding a chunk of cash not accounted for here that I am still evaluating whether I want to put it into investments or pay off our mortgage.

[caracarn]

Here's my progress thus far:

1/1/2015 - $319,018
3/31/2015 - $358,647
6/30/2015 - $350,887
9/30/2015 - $329,044
12/31/2015 - $340,246
3/31/2016 - $390,030
6/30/2016 - $408.983
9/1/2016 - $447,834
12/31/2016 - $459,043
3/31/2017 - $509,618
6/30/2017 - $520,691
9/30/17 - $553,269
12/31/17 - $557,941
3/31/18 - $583,773
6/30/18 - $590,057

With the market slowing gains were only $4K over the 90 days.  Lots of unexpected expenses as things broke around the house and had to be handled which did not help with accumulating any extra savings.  General expected for costs were also higher than normal so having a positive uptick is still promising.  Will likely take a hit over the remainder of the year as we contemplate a business opportunity and/or my wife returns to college to get a Masters.  Unless something really unexpected happens should stay above $500K, but might be a slow slog for the next couple of years.

[formerlydivorcedmom]

Our net worth is essentially flat this month - which isn't bad, considering I took $6k out of the brokerage account last week.  My husband is going to buy a car...and then he'll finish fixing his current car and sell it for about $5k, so I will be repaying us in another month or so.

I expect our savings to jump a lot for the rest of the year - my husband graduated from college in May and starts a new full-time job next week (with a 403b AND a 457 plan!!!)  and yesterday I transitioned from being a contract employee to being permanent.  I got a little raise plus I will now be paid for holidays, vacations, and sick leave, which will be a big raise.
 
                 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]
end of Feb 2018: 545k / 679k   [+86k college funds]
end of Mar 2018: 538k / 671k   [+84k college funds]
end of Apr 2018: 537k / 677k    [+85k college funds] *house appraised at +9k
end of May 2018: 547k / 691k   [+86k college funds]
end of Jun 2018:  545k /691lk   [+87k college funds]

[Bill76]

9/30/2017   $585K
7/31/2017   $567K

Haven't updated here in a while.

12/31/2017  $627K
03/31/2018  $641K
06/30/2018  $667K

Pretty much all of the gains since the end of 2017 are our contributions, since the market hasn't done much.

[ScottsdaleSaver]

6/18 Update - $799K; $231K in home equity, $11K in cash, remainder in investments. Up ~$170K from when I first started tracking in earnest a year ago (I know, I know). So grateful for the inspiration from MMM and this community!

3/2018 Update - $756K; $222K in home equity, $5K in cash, remainder in investments. It's refreshing to see we're actually up in total over last quarter, although about half of it is home appreciation, which I consider total funny money as we have no plans to sell any time soon.

12/2017 Update - We hit a big milestone this quarter - over $500K in investments!
Current totals - $719K; $194K in home equity, $5K in cash, remainder in investments

9/2017 Update - $670K; $187K in home equity, $10K in cash, remainder in investments

Somewhat embarrassingly, I didn't starting keeping close tabs on my net worth until finding MMM this year. Thankfully, I didn't muck it up too bad up to this point, but I'm hoping to do even better now that I know better! So, let's start here...

6/2017 - $630K; ~$180K in home equity, ~$10K in cash, remainder in investments

[Finntastic]

5/2018 = $597k
6/2018 = $630k (+$33k)

[Acorns]

End of 2007: $71,000
End of 2008: $87,600
End of 2009: $202,000
End of 2010: $257,000
2011: $298,000
2012: $364,000
2013: $371,000
2014: $615,000 (This looks like a big jump from 2013 because I started counting in my calculations an investment account which hadn't been counted in prior years)
2015: $644,000
2016: $740,000
July 2017: $813,000
Jan 2018: $926,000

Now at $969,000 mid-year 2018. I flirted with $1M a few times this past quarter but the current drawback put the total off this mark.

[RWD]

Quarterly update:

10/1/2017 - 502k
1/1/2018 - 544k
4/1/2018 - 559k
7/1/2018 - 604k

[moof]

$703k invested as of today, up from ~$550k 15 months ago.  On track to have invested $60k by the end of the year.  Just need it to double (plus inflation) and I'll be at my number.  7 more years..

795k invested, 980k total NW.  Hitting 1M total NW is so close.  Still 6.5 years before I can pull the trigger.

My wife looks like she is picking up a decent 3/4 time work from home job (email out of the blue from her boss from 12 years ago), well timed with the kid starting Kindergarten this fall.  We might be able to shave a couple years off if it pans out.

[YoungGranny]

Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k
June 4, 2018: $616.2k
July 2, 2018: $623.4k

I track the numbers in a spreadsheet but just forgot to post them last week! Whoops. Still making the steady climb this month. I always love summers in Michigan because I can really get my electricity bill low - who even needs air conditioning when we have nice cool basements :)

[AccidentalMiser]

07/10/2018:  1,001,996.  By coincidence, it’s my eldest son’s 31st birthday!

I want to thank everyone in this community for the encouragement and face punches along the way!

[Trifle]

07/10/2018:  1,001,996.  By coincidence, it’s my eldest son’s 31st birthday!

I want to thank everyone in this community for the encouragement and face punches along the way!

Yay!!!!!!!!  Huge Congrats @Accidental Miser !!!!!

[YoungGranny]

Congrats @Accidental Miser! I feel like for most of us once we hit $1m FIRE is within striking distance so keep up the good work and enjoy it =D

[formerlydivorcedmom]

Congratulations, @Accidental Miser !  We can't wait to join you....eventually.

[sisto]

So I realized that I can export filtered MINT results. So just cash and investments here are my numbers since I started using MINT. This is also when I found MMM.

Mar-15   $404,454.74
Apr-15   $457,085.48
May-15   $523,800.00
Jun-15   $506,843.08
Jul-15   $514,752.42
Aug-15   $479,005.84
Sep-15   $475,949.33
Oct-15   $525,997.36
Nov-15   $524,569.10
Dec-15   $524,113.71
Jan-16   $477,032.05
Feb-16   $493,480.35
Mar-16   $529,828.48
Apr-16   $524,363.81
May-16   $546,554.41
Jun-16   $538,240.10
Jul-16   $573,929.64
Aug-16   $587,162.18
Sep-16   $593,841.80
Oct-16   $580,415.99
Nov-16   $596,662.46
Dec-16   $613,100.06
Jan-17   $628,613.89
Feb-17   $658,200.77
Mar-17   $663,010.04
Apr-17   $672,873.80
May-17   $692,391.67
Jun-17   $695,238.00
Jul-17   $711,237.29
Aug-17   $712,081.78
Sep-17   $731,384.09
Oct-17   $768,141.07
Nov-17   $774,206.14
Dec-17   $790,211.67
Jan-18   $839,665.84
Feb-18   $846,619.16
Mar-18   $846,822.73
Apr-18   $868,065.82
May-18   $921,899.48
Jun-18   $915,118.46
Jul-18   $941,756.64

Getting really close, if the markets hold stable I should make it by EOY.

[guelphinvestor]

Just passed a million :

1,003,676.41

Sent from my Nexus 5 using Tapatalk

[Trifle]

Just passed a million :

1,003,676.41

Sent from my Nexus 5 using Tapatalk

Congrats!!!

[JGS1980]

A hearty congratulations to both Accidental Miser and Rick!!!

[AccidentalMiser]

Just passed a million :

1,003,676.41

Sent from my Nexus 5 using Tapatalk

Congratulations, Rick!!

[skip207]

Just passed a million :

1,003,676.41

Sent from my Nexus 5 using Tapatalk

Amazing well done!

[actionjackson]

2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110

Jumping in on this thread after this month.. woot!

[salt cured]

Congrats Rick! And welcome actionjackson!

[mynewchoice]

2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110

Jumping in on this thread after this month.. woot!

Welcome to the 500k thread, and congrats on the progress that you've made in a short amount of time!

[AccidentalMiser]

2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110

Jumping in on this thread after this month.. woot!

You're killing it!!  Congrats!

[renata ricotta]

As of YESTERDAY, I have graduated into this thread! 

July 2018: $522k

I've been hovering around 498-502 for a few weeks now depending on what's going on in the market from day-to-day, but yesterday I received a $20k midyear bonus along with my regular paycheck, so I think I am now comfortably established in the half million+ zone, hopefully for good!

[Trifle]

As of YESTERDAY, I have graduated into this thread! 

July 2018: $522k

I've been hovering around 498-502 for a few weeks now depending on what's going on in the market from day-to-day, but yesterday I received a $20k midyear bonus along with my regular paycheck, so I think I am now comfortably established in the half million+ zone, hopefully for good!

Welcome @bridget !   That is very healthy bonus!  You go girl, you half-millionaress you.  :)

[clarkfan1979]

2011: 25K
2012: 50K
2013: 100K
2014: 165K
2015: 275K
2016: 375K
2017: 475K
2018: 560K

It took me 7 years to get from zero to 500K, so I'm thinking 5 years to get from 500K to 1 million. 2023?

[Trifle]

2011: 25K
2012: 50K
2013: 100K
2014: 165K
2015: 275K
2016: 375K
2017: 475K
2018: 560K

It took me 7 years to get from zero to 500K, so I'm thinking 5 years to get from 500K to 1 million. 2023?

Welcome @clarkfan1979!  At the rate you are going it will take less than that. And if we get any kind of market uptick, that'll shave even more time off.  Well done. 

[guelphinvestor]

Now that I hit 1 million, I am tempted to move into more conservative investments.

Sent from my LG-V522 using Tapatalk

[Zamboni]

I missed a month on vacation AND I passed an investment money milestone, woo hoo!

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; 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
Feb 2018: 577K / 741K
May 2018: 585K / 744K
July 2018: 600K / 763K

[salt cured]

Now that I hit 1 million, I am tempted to move into more conservative investments.

Sent from my LG-V522 using Tapatalk

What's your allocation now?

[guelphinvestor]

It is 70 % equities / 30 % fixed income.
This is counting some company stock which has a fixed price and pays 5% dividends as fixed income

[talltexan]

Now that I hit 1 million, I am tempted to move into more conservative investments.

Sent from my LG-V522 using Tapatalk

I'm doing a version of this, in that I'm attempting to clear all those dumb little debts that are out there. It's not optimal to pay these off, but I figure with a $1 mm net worth I can afford to be sub-optimal.

[letsdoit]

I missed a month on vacation AND I passed an investment money milestone, woo hoo!

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; 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
Feb 2018: 577K / 741K
May 2018: 585K / 744K
July 2018: 600K / 763K

how long are you going to take on sabbatical?  is your career easy to jump back into ?