Author Topic: Race from 250 to 500k!  (Read 930022 times)

Avolonte

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Re: Race from 250 to 500k!
« Reply #3500 on: March 30, 2024, 08:05:27 AM »
12/31/18    $30,983
12/31/19    $32,929
12/31/20    $78,996
12/31/21    $135,973
12/31/22    $166,864
12/31/23    $259,121

So happy to start this race just as the new year begins!

Quarterly check in: 3/31/24     $301,464

CanadianTeacher

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Re: Race from 250 to 500k!
« Reply #3501 on: March 30, 2024, 04:44:59 PM »
Slow month compared to last month but glad I'm still making gains.

I would have thought by now I would have purchased a home by now but prices keep going up :( If I were to dump everything I've saved into a downpayment, I could make it work but I'd rather not do that....


January 2018: $18,944.35
February 2018: $22,047.46
March 2018: $23,463.61
April 2018: $24,224.19
May 2018: $26,173
Jun 2018: $29,519.62
October 2018: $29,676.50
November 2018: $32,923.90
December 2018: $34,394.85

January 2019: $39,825.43
February 2019: $43,508.66
April 2019: $48,394.91
July 2019: $80,041.52
December 2019: $86,963.15

January 2020: $96,301.56
February 2020: $101,272.15.
March 2020: $102,362.65
April 2020: $98,415.77
May 2020:$111,832.84
June 2020: $116,958.23
July 2020: $125,945.15
August 2020: $130,494.78
September 2020: $136,844.71
October 2020: $131,422.24
November 2020: $133,493.15
December 2020: $147,149.14

January 2021: $149,313.19
February 2021: $158,168.99 (+5.9%)
March 2021: $159.365.46 (+0.8%)
April 2021: $170,344.02 (+6.9%)
May 2021: $179,276.00 ( +5.2%)
June 2021: $197,826.75 (+10.3%)
July 2021: $199, 591.41 (+.89%)
August 2021: $202,218.51 (+1.3%)
September 2021: $201,763.82 (-0.2%)
October 2021: $210,788.99 (+4.5%)
November 2021: $216,066.77 (+2.5%)
December 2021: $224,210.94 (+3.8%)

January 2022: $216,791.87 (-3.3%)
February 2022: $219,450.86  (+1.2%)
March 2022: $227,763.33  (+3.8%)
April 2022: $218,157.28 (-4.2%)
May 2022: $222,539.27 (+2.0%)
June 2022: $215,695.15 (-3.1%)
July 2022 $224,814.72 (+4.2%)
August 2022: $220,642.29
November 2022:  $235,770.22

January 2023: $234,203.04
February 2023: $252,455.35
March 2023: $248,010.19
April 2023:  $261,341.44
May 2023: $264,584.52
June 2023: $274,849.50
July 2023: $268,430.90
August 2023: $274,014.30
September 2023: $287,031.11
October 2023: $285,581.64
November 2023: $293,547.92
December 2023: $311,006.64

January 2024:  $326,332.48
February 2024: $343,716.22
March 2024: $377,322.95
April 2024:  $379,449.35

JAYSLOL

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Re: Race from 250 to 500k!
« Reply #3502 on: March 30, 2024, 08:07:51 PM »
2023
Dec 1st - $251,000
2024
Jan 1st - $254,600 (+$3,600)
Feb 1st - $260,400 (+$5,800)
Mar 1st - $275,000 (+$14,600)
Apr 1st - $286,600 (+$11,600)

Another absolutely insane month considering I didnít actually contribute much to accounts. 

shrimpwd

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Re: Race from 250 to 500k!
« Reply #3503 on: March 31, 2024, 11:37:28 AM »
                       2018                2019                2020                2021                2022                2023                2024                2025               
January$6,455-$14,460$34,473$77,625$107,916$304,101-
February--$14,991$36,257$83,384$114,364$306,897-
March--$14,632$38,256$85,694$112,955$315,627-
April-$10,960$13,884$47,021$93,539$118,460$322,177-
May--$17,011$52,533$86,952$118,924--
June--$19,255$54,094$89,131$226,232--
July--$20,358$55,927$83,281$234,961--
August--$21,993$58,821$101,031$290,312--
September--$23,312$67,274$100,303$288,681--
October--$24,777$67,897$93,821$283,917--
November-$13,466$26,407$72,781$104,050$283,091--
December$9,518-$30,697$73,730$109,646$295,542--

Nice month of gains.

zygote

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Re: Race from 250 to 500k!
« Reply #3504 on: March 31, 2024, 09:06:10 PM »
For context: I'm 34 in a HCOL city. I'm married, but these are my own numbers since we keep our finances separate. Includes cash, retirement, and credit cards, which are used for normal expenses and paid off in full every month.

3/18: $48,533.91 (found MMM and started tracking)
3/19: $83,762.93 (1 year tracking)
8/19: $101,572.33 (graduated to the 100-250k thread)
3/20: $118,287.76 (2 years tracking)
3/21: $206,593.43 (3 years tracking)
11/21: $254,300.88 (graduated to the 250-500k thread)
3/22: $251,915.95 (4 years tracking)
3/23: $290,001.63 (5 years tracking)
4/23: $295,028.87 (+$5,027.24, +1.73%)
5/23: $299,553.62 (+$4,524.75, +1.53%)
6/23: $300,997.32 (+$1,443.70, +0.48%)
7/23: $317,122.21 (+$16,124.89, +5.36%)
8/23: $329,712.67 (+$12,590.46, +3.97%)
9/23: $325,165.66 (-$4,547.01, -1.38%)
10/23: $310,326.13 (-$14,839.53, -4.56%)
11/23: $306,837.39 (-$3,488.74, -1.12%)
12/23: $334,911.55 (+$28,074.16, +9.15%)
1/24: $357,616.16 (+$22,704.61, +6.78%)
2/24: $362,117.75 (+$4,501.59, +1.26%)
3/24: $381,059.81 (+$18,942.06, +5.23%)
4/24: $396,130.57 (+$15,070.76, +3.95%)

I can't believe I'm almost at $400k!

Sugaree

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Re: Race from 250 to 500k!
« Reply #3505 on: April 01, 2024, 05:26:52 AM »
Net Worth201920202021202220232024
January          $49,378.04          $90,928.02        $161,747.01     $229,977.41     $232,928.16$456,779.55
February$50,300.10$93,896.81$162,883.32$217,510.91$346,856.21$464,225.21
March$59,373.49$100,165.23$173,923.10$220,602.56$347,275.46$490,348.72
April$59,558.47$94,297.23$183,031.09$226,302.77$358,270.55$511,559.42
May$64,340.45$106,341.84$186,124.71$216,297.22$363,790.59$        -         
June$64,940.28$113,372.31$189,866.01$210,792.90$370,890.90$        -         
July$70,156.02$120,466.05$194,364.35$206,546.54$400,232.03$        -         
August$74,302.64$127,953.51$197,286.96 $224,774.07$417,598.48$        -         
September$74,328.43$135,625.59$205,953.08$217,814.80$413,256.55 $        -         
October$78,067.76$137,857.32$201,884.29$206,617.66$400,848.50$        -         
November$81,274.16$136,857.08$215,701.01$220,532.58$392,181.17$        -         
December$88,148.59$152,706.85$217,143.43$241,204.92 $435,305.59Graduation Goal
   
Annual gain$41,549.98$70,818.99$68,230.40$2,950.75$223,851.39$        -         


That's a wrap...unless there's a major downturn.  On to the next.

eav

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Re: Race from 250 to 500k!
« Reply #3506 on: April 01, 2024, 07:17:09 AM »
December 2023: $263,244
January 2024: $278,601
February 2024: $297,409
March 2024: $308,077
April 2024: $317,802

(I am tracking liquid assets here only.)

lcmac32

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Re: Race from 250 to 500k!
« Reply #3507 on: April 01, 2024, 08:55:37 AM »
401k only
Nov. 12, 2019         $238,035.96
Dec.   3, 2019         $240,880.64
Jan.   1, 2020          $249,417.11
Feb. 11, 2020          $257,961.03
Oct.  13, 2020         $277,374.19
Dec.   3, 2020         $296,200.72
Jan.  11, 2021         $314,041.78 (late checking, but a nice day to check)
Feb.  2, 2021          $315,792.29
Mar.  2, 2021          $324,324.39
Apr.  5, 2021          $327,497.50
May  1, 2021          $341,098.14
Sep. 14,2021.         $370,643.21 (getting there)
Oct.  5, 2021.         $355,201.45 (first down month this year, but okay with the breather...onward and upward from here

Mar. 7,2024        $450,987.00
Apr. 1, 2024        $464,436.35

JAYSLOL

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Re: Race from 250 to 500k!
« Reply #3508 on: April 01, 2024, 06:16:07 PM »
Net Worth201920202021202220232024
January          $49,378.04          $90,928.02        $161,747.01     $229,977.41     $232,928.16$456,779.55
February$50,300.10$93,896.81$162,883.32$217,510.91$346,856.21$464,225.21
March$59,373.49$100,165.23$173,923.10$220,602.56$347,275.46$490,348.72
April$59,558.47$94,297.23$183,031.09$226,302.77$358,270.55$511,559.42
May$64,340.45$106,341.84$186,124.71$216,297.22$363,790.59$        -         
June$64,940.28$113,372.31$189,866.01$210,792.90$370,890.90$        -         
July$70,156.02$120,466.05$194,364.35$206,546.54$400,232.03$        -         
August$74,302.64$127,953.51$197,286.96 $224,774.07$417,598.48$        -         
September$74,328.43$135,625.59$205,953.08$217,814.80$413,256.55 $        -         
October$78,067.76$137,857.32$201,884.29$206,617.66$400,848.50$        -         
November$81,274.16$136,857.08$215,701.01$220,532.58$392,181.17$        -         
December$88,148.59$152,706.85$217,143.43$241,204.92 $435,305.59Graduation Goal
   
Annual gain$41,549.98$70,818.99$68,230.40$2,950.75$223,851.39$        -         


That's a wrap...unless there's a major downturn.  On to the next.

Congrats!  Next race is the exciting one! 

lcmac32

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Re: Race from 250 to 500k!
« Reply #3509 on: April 02, 2024, 01:37:05 PM »
Net Worth201920202021202220232024
January          $49,378.04          $90,928.02        $161,747.01     $229,977.41     $232,928.16$456,779.55
February$50,300.10$93,896.81$162,883.32$217,510.91$346,856.21$464,225.21
March$59,373.49$100,165.23$173,923.10$220,602.56$347,275.46$490,348.72
April$59,558.47$94,297.23$183,031.09$226,302.77$358,270.55$511,559.42
May$64,340.45$106,341.84$186,124.71$216,297.22$363,790.59$        -         
June$64,940.28$113,372.31$189,866.01$210,792.90$370,890.90$        -         
July$70,156.02$120,466.05$194,364.35$206,546.54$400,232.03$        -         
August$74,302.64$127,953.51$197,286.96 $224,774.07$417,598.48$        -         
September$74,328.43$135,625.59$205,953.08$217,814.80$413,256.55 $        -         
October$78,067.76$137,857.32$201,884.29$206,617.66$400,848.50$        -         
November$81,274.16$136,857.08$215,701.01$220,532.58$392,181.17$        -         
December$88,148.59$152,706.85$217,143.43$241,204.92 $435,305.59Graduation Goal
   
Annual gain$41,549.98$70,818.99$68,230.40$2,950.75$223,851.39$        -         


That's a wrap...unless there's a major downturn.  On to the next.

Very excited to see someone make this threshold.  Congrats on making it!  I am sure 2 comma club will come quickly for you.  I still believe that $100,000 - $250,000 was hardest for me, but this one still isn't easy.  I am not as frugal as I should be.  I am hoping to join you by end of 2025, but that might be a stretch.  Currently just a little north of $450k.

Vindicated

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Re: Race from 250 to 500k!
« Reply #3510 on: April 03, 2024, 09:46:03 AM »
I'm not new to the MMM Forums, but I'm new to this race!

We surpassed $250k NW this month, up about $50k since December!

When I started my MMM journey in September 2016 I was at -$78k.  That's over $300k swing in less than 8 years.

On to $500k!  Thinking (optimistically) we can get there in less than 4 years...

FICurious

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Re: Race from 250 to 500k!
« Reply #3511 on: April 04, 2024, 06:51:38 AM »
                        2024                2025                2026                2027                2028               
January$260,470----
February$260,200----
March$269,213----
April$277,837----
May-----
June-----
July-----
August-----
September-----
October-----
November-----
December-----

lcmac32

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Re: Race from 250 to 500k!
« Reply #3512 on: April 05, 2024, 03:13:39 PM »
I'm not new to the MMM Forums, but I'm new to this race!

We surpassed $250k NW this month, up about $50k since December!

When I started my MMM journey in September 2016 I was at -$78k.  That's over $300k swing in less than 8 years.

On to $500k!  Thinking (optimistically) we can get there in less than 4 years...

Well done!  That is some really impressive growth.  Was that starting at $0-50k?  if so, really impressive!  I felt like breaking $250k was the hardest as it is more than a doubling.  I would have to look back at when I started this stage, but I think I have been in it for a minute.  I sorta have already beat the $500k, but won't move out until the IRA balance alone is there.  I wish I was more frugal.  I will achieve FI and technically FIRE a few years ahead of normal retirement (68).  Earliest would be 56-57, but likely 60.  Of course, I was late to the game in not knowing about MMM until circa 2011.

Vindicated

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Re: Race from 250 to 500k!
« Reply #3513 on: April 06, 2024, 10:29:20 PM »

Well done!  That is some really impressive growth.  Was that starting at $0-50k?  if so, really impressive!

Hi lcmac!

I'm not certain exactly what you're asking, but I'll try to clarify.

In Sep 2016, at the age of 32, I started paying attention to finances and realized our net worth was negative $78k.  This was primarily due to student loan debt, car debt that had been rolled over from one car to another too many times, and some credit card debt.  On top of that, my wife and I had next to nothing saved in any retirement accounts.

In Dec 2023, at the age of 39, our net worth was $217k, and as of the end of March, 2024, we're at $268k net worth.

So, it's actually a $346k net worth swing (-$78 to $268) in 90 months.

I'll steal this table I've seen others using and try to keep up with it.


                        2024                2025                2026                2027                2028               
January$229,361----
February$244,573----
March$268,588----
April-----
May-----
June-----
July-----
August-----
September-----
October-----
November-----
December-----

Ensheneer

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Re: Race from 250 to 500k!
« Reply #3514 on: April 07, 2024, 04:01:22 AM »

01 January, 2020 : 0 EUR
01 January, 2021 : 9,499 EUR
01 January, 2022 : 217,370 EUR
01 January, 2023 : 176,482 EUR
01 January, 2024 : 251,449 EUR
01 February, 2024: 262,979 EUR
01 March, 2024: 282,313 EUR (+19,334!)
01 April, 2024: 293,801 EUR

poetdereves

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Re: Race from 250 to 500k!
« Reply #3515 on: April 08, 2024, 12:19:17 PM »
7/1/2022   $104,281.96
8/1/2022   $130,183.28
9/1/2022   $127,931.79
10/1/2022   $128,898.99
11/1/2022   MISSED
12/1/2022   $141,418.82
1/1/2023   $121,714.98
2/1/2023   $142,417.22
3/1/2023   $134,691.79
4/1/2023   $142,945.07
5/1/2023   $149,890.62
6/1/2023   $162,561.19
7/1/2023  $174,911.20
8/1/2023  $187,499.33
9/1/2023 $192,180.06
10/1/2023 $188,633.94
11/1/2023 $202,069.37
12/1/2023 $209,686.68
1/1/2024 $221,242.93
2/1/2024 $232,927.06
3/1/2024 $249,749.58
4/1/2024 $250,729.25 (+$979.97)

This now moves us from the $100k-$250k race into the new, bigger, badder $250k-$500k race. Letís hope it rolls on by even quicker!

Vindicated

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Re: Race from 250 to 500k!
« Reply #3516 on: April 08, 2024, 01:53:02 PM »

2/1/2024 $232,927.06
3/1/2024 $249,749.58
4/1/2024 $250,729.25 (+$979.97)

This now moves us from the $100k-$250k race into the new, bigger, badder $250k-$500k race. Letís hope it rolls on by even quicker!

Congrats!  It looks like we're pretty close to each other.  It will be interesting to see how our numbers compare on this journey.

lcmac32

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Re: Race from 250 to 500k!
« Reply #3517 on: April 08, 2024, 02:17:13 PM »

Well done!  That is some really impressive growth.  Was that starting at $0-50k?  if so, really impressive!

Hi lcmac!

I'm not certain exactly what you're asking, but I'll try to clarify.

In Sep 2016, at the age of 32, I started paying attention to finances and realized our net worth was negative $78k.  This was primarily due to student loan debt, car debt that had been rolled over from one car to another too many times, and some credit card debt.  On top of that, my wife and I had next to nothing saved in any retirement accounts.

In Dec 2023, at the age of 39, our net worth was $217k, and as of the end of March, 2024, we're at $268k net worth.

So, it's actually a $346k net worth swing (-$78 to $268) in 90 months.

I'll steal this table I've seen others using and try to keep up with it.


                        2024                2025                2026                2027                2028               
January$229,361----
February$244,573----
March$268,588----
April-----
May-----
June-----
July-----
August-----
September-----
October-----
November-----
December-----
You answered perfectly.  I was re-reading and was really excited to see your starting place.  Way to go!!!  All the more impressive.  I have at least one of my children better down the savings path.  He should make the $250k before 30, but he still isn't to the insane savings rate yet.  Another one is much younger and will either make it (FIRE) easily by 30 or fail spectacularly.  He is much more aggressive earner and riskier investor.

Vindicated

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Re: Race from 250 to 500k!
« Reply #3518 on: April 08, 2024, 03:11:04 PM »
I have at least one of my children better down the savings path.  He should make the $250k before 30, but he still isn't to the insane savings rate yet.  Another one is much younger and will either make it (FIRE) easily by 30 or fail spectacularly.  He is much more aggressive earner and riskier investor.

I'm certainly not one for risky investments.  Most of mine is VTSAX or equivalent.  Hopefully your youngest goes for the less risky / less stressful route.

Vindicated

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Re: Race from 250 to 500k!
« Reply #3519 on: April 09, 2024, 12:44:53 PM »
Well this month was unexpected but I'll take it.

2024 NW/Investments   
   
Jan:  $359,594 / $375,193   
Feb: $379,828 / $391,888

Since your NW is lower than investments, what is included in each?  Our investments include 401ks, Roths, HSA, Taxable, and 529s.  Networth is quite a bit higher as it includes home equity, car equity, cash & HYSA.  It also includes debts of course.

Did you surpass $400k in investments last month?