Author Topic: Race from 500k to 1M!  (Read 702775 times)

RWD

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Re: Race from 500k to 1M!
« Reply #1450 on: January 01, 2020, 10:30:53 AM »
Dec 2019: $1,030,547 (+$31,437)

Well, that's a wrap. End of the year / decade and we broke $1 Mio! Total NW increase for 2019 was a staggering $311,937 thanks to Dec 2018's market decline. Moving on to the Race to $2 Mio thread...wishing all of you the best of luck.

Congrats!

RWD

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Re: Race from 500k to 1M!
« Reply #1451 on: January 01, 2020, 10:35:43 AM »
From Dec to Dec we are up $218k, which feels insane, but last year we were only up $46k due to the year end slump in the market. So I view this as almost 2 years of gain in one.
We had a similar year and I feel the same about it being like two years of gains in one. Looking at the average of 2018 and 2019 it almost feels "normal".

fattest_foot

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Re: Race from 500k to 1M!
« Reply #1452 on: January 01, 2020, 11:08:53 AM »
12/2014: $97,686
12/2015: $129,157
12/2016: $206,179
12/2017: $317,990

1/2018: $341,983
2/2018: $333,875
3/2018: $328,485
4/2018: $338,787
5/2018: $353,747
6/2018: $361,028
7/2018: $381,336
8/2018: $402,486
9/2018: $408,560
10/2018: $383,538
11/2018: $397,907
12/2018: $366,214

1/2019: $403,773
2/2019: $423,854
3/2019: $435,590
4/2019: $455,332
5/2019: $439,288
6/2019: $471,706
7/2019: $483,830
8/2019: $479,814
9/2019: $494,165
10/2019: $512,168
11/2019: $537,136

12/2019: $557,416

bigote2032

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Re: Race from 500k to 1M!
« Reply #1453 on: January 01, 2020, 12:33:01 PM »
11/30/2017    $228,503.37
12/31/2017    $237,592.34
1/31/2018    $254,582.33
2/28/2018    $257,732.67
3/31/2018    $265,481.54
4/30/2018    $269,342.61
5/31/2018    $277,950.05
6/30/2018    $285,254.10
7/31/2018    $299,199.64
8/31/2018    $319,335.25
9/30/2018    $347,418.14
10/31/2018    $332,242.01
11/30/2018    $348,536.76
12/31/2018    $325,602.90
1/31/2019    $350,696.67
2/28/2019    $369,513.27
3/31/2019    $379,192.30
4/30/2019    $399,481.40
5/31/2019    $384,294.80
6/30/2019    $408,707.83
7/31/2019    $426,022.76
8/31/2019    $422,250.44
9/30/2019    $460,845.28
10/31/2019    $476,501.03
11/30/2019    $500,079.13
12/31/2019    $517,464.57

Hello everyone! I graduated from the 500K thread, so joining you in this race!

Trifle

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Re: Race from 500k to 1M!
« Reply #1454 on: January 01, 2020, 12:36:48 PM »
Welcome @bigote2032

Congratulations @YellowCat!  Great job 

bzzzt

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Re: Race from 500k to 1M!
« Reply #1455 on: January 01, 2020, 01:18:40 PM »
A little tardy to joining this race, but better late than never.

March 2019 = $514k
Dec 2019 = $610k

I turned 35 this year. Not bad for someone who probably had a $20k net worth at 25 and didn't find MMM until 30. Still on pace to part-time it by my mid-40s.

2Birds1Stone

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Re: Race from 500k to 1M!
« Reply #1456 on: January 01, 2020, 08:25:36 PM »
08/1/2018 - $511,000
09/1/2018 - $519,000
10/1/2018 - $526,000
11/1/2018 - $511,000
12/1/2018 - $523,700
01/1/2019 - $515,100
02/1/2019 - $552,000
03/1/2019 - $576,000
04/1/2019 - $586,200
05/1/2019 - $604,500
06/1/2019 - $590,360
07/1/2019 - $624,000
08/1/2019 - $628,300
09/1/2019 - $637,300
10/1/2019 - $649,800
11/1/2019 - $675,000
12/1/2019 - $695,700
01/1/2020 - $717,000

YoungGranny

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Re: Race from 500k to 1M!
« Reply #1457 on: January 02, 2020, 09:40:39 AM »

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
Aug. 1, 2018: $643.8k
Sep. 4, 2018:$670.2k
Oct. 2, 2018: $677.7k
Nov. 2, 2018: $659.6k
Jan 2, 2019: $631.2k
Feb 1, 2019: $659.1k
Mar 1, 2019: $708k
Apr 1, 2019: $725.9k
May 1, 2019: $753.9k
July 1, 2019: $772.4k
Aug 1, 2019: $792.8k
Sep 3, 2019: $787.2k
Oct 1, 2019: $806.4k
Nov 1, 2019: $827.9k
Dec 2, 2019: $863.6k

Jan 2, 2020: $894.8k - based on our current savings rate, 2020 will be the year we'll hit $1m*

*If the market is flat, if it drops then we'll wait it out ;)

ToughMother

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Re: Race from 500k to 1M!
« Reply #1458 on: January 02, 2020, 09:54:09 AM »
End-of-year update on the goal to Investments = $1M.
We've slowed down since we've bought a new house, took money out of the investments account for a downpayment, and start a major remodel also using money from our investments. Meanwhile, we are carrying our current house too until we can move into the new one and sell the old.

date         NW        Investments
4/3/14     $430k         $225k
9/19/14    $500k         $275k
11/6/14    $550k         $300K
5/9/15     $600k         $341k
4/13/16    $650k         $375k
9/7/16     $700k         $410k
5/6/17     $750k         $674k (*I think I lost history on one of our accounts prior to this)
9/9/17     $800k         $717k
11/22/17   Assets hit $1M
12/15/17   $850k         $770K
3/10/18    $900k         $770k (refinanced house, put $ in and moved from 30 to 15 yrs)
6/16/18    $950k         $818k
12/26/18   $900k         $750k
1/10/19    $950k         $803k
2/19/19    $1M !!!       $856k
6/12/19    $1.05M        $900k
10/9/19    $1.08M        $895k (downpayment on house and market misery)
12/31/19   $1.16M        $974k


Kierun

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Re: Race from 500k to 1M!
« Reply #1459 on: January 02, 2020, 10:28:37 AM »
I don't belong to this thread yet, but have been creepily lurking. I hear people saying 500k is the milestone after which you start to see crazy gains, can anyone comment on their experience with this?
Just squeaked in at $502k on 4/1/19 so I'm hoping you're right haha. So we'll see how the progress goes from here.
The gains have definitely exceeded my expectations as we're past 600k now, less than a year since hitting 500k.

monarda

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Re: Race from 500k to 1M!
« Reply #1460 on: January 02, 2020, 08:50:19 PM »
Correcting error in previous post. Forgot to include December paycheck!
             cash+rental equity   add primary residence equity
1/2016      $507K                 $627K
1/2017      $625K                 $797K
9/2017      $784K                 $904K
12/2017    $762K                 $903K  begin remodeling primary residence
3/2018     $725K                  $866K
6/2018     $763K                  $910K  Zillow values for rental properties went way up
9/2018     $830K                  $945K   
12/2018   $821K                  $964K   
3/2019     $833K                  $977K  Rental house is on the market.
6/2019     $820K                  $953K  Had to buy a roof for the rental house. It now is under contract, though.
9/2019     $832K                  $977K  Closed on the rental house!
12/2019   $818K                  $965K  Passed final inspection on our remodel. Paying off 0% CC bills. Installing solar panels on a rental. Upward trajectory should resume at the next update. But if we use the Nextdoor valuation for the primary residence, then we're at $1,031K for the second number right now. Pretend numbers. Not selling.


Adding in monthly updates for this home stretch for the TNW including home equity! Will go back to quarterly updates for the cash and rental equity goal.

1/2020     $836K              $996K       It's been a good month for real estate valuations even outside of Nextdoor. And the mutual funds also had a good month.



1MM dates      3/2022            2/2020 or maybe 3/2020

use2betrix

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Re: Race from 500k to 1M!
« Reply #1461 on: January 04, 2020, 03:57:48 PM »
Tracking liquid net worth only: Cash/Savings/Investments - do not have a mortgage or debt

Feb 1, 2016 - $90k
Apr 1, 2016 - $100k 
Jan 1, 2017 - $177k
(Took 7 month sabbatical between Jan 1st 2017 and December 1st 2017)
Dec 1, 2017 - $187k
Jan 1, 2018 - $196k
Feb 1, 2018 - $214,462
Mar 1, 2018 - $225,651
Apr 1, 2018 - $238,764
May 1, 2018 - $251,725
June 1, 2018 - $265,145
July 1, 2018 - $272,423
Aug 1, 2018 - $277,896
Sep 1, 2018 - $298,543
Oct 1, 2018 - $296,603
Nov 1, 2018 - $288,618
Dec 1, 2018 - $304,127
Jan 1, 2019 - $294,621
Feb 1, 2019 - $326,081
Mar 1, 2019 - $354,771
Apr 1, 2019 - $384,308
May 1, 2019 - $407,770
June 1, 2019 - $404,625
July 1, 2019 - $420,082
Aug 1, 2019 - $441,976
Sep 1, 2019 - $458,940
Oct 1, 2019 - $481,915
Nov 1, 2019 - $501,937
Dec 1, 2019 - $518,285
Jan 1, 2020 - $544,655

« Last Edit: February 01, 2020, 10:59:51 AM by use2betrix »

skip207

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Re: Race from 500k to 1M!
« Reply #1462 on: January 05, 2020, 02:36:03 AM »
01/01/17 £374668
01/01/18 £497097
01/01/19 £547415
01/01/20 £649762

RWD

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Re: Race from 500k to 1M!
« Reply #1463 on: January 05, 2020, 08:48:40 AM »
Quarterly update:

10/1/2017 - 502k
1/1/2018 - 544k
4/1/2018 - 559k
7/1/2018 - 604k
10/1/2018 - 640k
1/1/2019 - 608k
4/1/2019 - 710k
7/1/2019 - 754k
10/1/2019 - 779k
1/1/2020 - 853k

Dr Kidstache

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Re: Race from 500k to 1M!
« Reply #1464 on: January 05, 2020, 09:07:23 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  (+ $26,313.36)

Res Ipsa

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Re: Race from 500k to 1M!
« Reply #1465 on: January 05, 2020, 08:03:07 PM »
Jan. 1, 2018:     $412,626
Feb. 1, 2018:     $433,521
Mar. 1, 2018:     $418,873
Apr. 1, 2018:     $410,875
May 1, 2018:     $439,719
June 1, 2018:    $446,814
July 1, 2018:     $451,330
Aug. 1, 2018:    $469,413
Sept. 1, 2018:   $491,582
Oct. 1, 2018:     $496,037
Nov. 1, 2018:    $465,386
Dec. 1, 2018:    $473,869

Jan. 1, 2019:     $436,390
Feb. 1, 2019:    $472,423
Mar. 1, 2019:    $488,585
Apr. 1, 2019:     $500,442
May 1, 2019:     $508,168
June 1, 2019:    $493,942
July 1, 2019:     $528,114
Aug. 1, 2019:    $539,640
Sept. 1, 2019:   $536,031
Oct. 1, 2019:     $546,248
Nov. 1, 2019:    $559,267
Dec. 1, 2019:    $578,973

Jan 1, 2020:      $596,311

caracarn

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Re: Race from 500k to 1M!
« Reply #1466 on: January 06, 2020, 09:43:25 AM »
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
9/30/18 - $610,690
12/31/18 - $579,919
3/31/19 - $683,428
6/30/19 - $706,159
9/30/19 - $698.968
12/31/19 - $760,501

Nice movement based on the great market in 2019.  Had to replace a totaled car so pulled out about $6K in the last two months but still good growth.  I also am still including the kids college savings which has now been moved to a savings account so less growth will happen in that account and may slow things in 2020 and beyond and obviously withdrawals for tuition will hit net worth, but as these funds not consumed would return to our stash figured it best to leave them in rather than take them out.

StackOfCoins.com (Jay)

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Re: Race from 500k to 1M!
« Reply #1467 on: January 06, 2020, 02:20:51 PM »
How is everyone positioned for 2020?   I'm always thinking of ways to optimize my portfolio, and want to share an amazing investment vehicle not many consider for whatever reason (according to WSJ), and that is the Health Savings Account if you are enrolled in a qualifying high-deductible health insurance plan. This account has triple tax benefits, and can be an amazing addition to your retirement accounts, as a HSA also does not require minimum distributions once you reach retirement age.  I'll post additional details and personal tips soon on how to optimize your HSA.

-Jay
« Last Edit: January 06, 2020, 02:31:40 PM by StackOfCoins.com »

caracarn

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Re: Race from 500k to 1M!
« Reply #1468 on: January 06, 2020, 02:29:45 PM »
How is everyone positioned for 2020?   I'm always thinking of ways to optimize my portfolio, and want to share an amazing investment vehicle not many consider for whatever reason (according to WSJ), and that is the Health Savings Account if you are enrolled in a qualifying high-deductible health insurance plan. This account has triple tax benefits, and can be an amazing addition to your retirement accounts, as a HSA also does not require minimum distributions once you reach retirement age.  I'll post additional details and personal tips soon on how to optimize your HSA.
I have been aware of this strategy but have not utilized it yet.  Not at a point where I can fund to that level.

StackOfCoins.com (Jay)

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Re: Race from 500k to 1M!
« Reply #1469 on: January 06, 2020, 03:07:05 PM »
How is everyone positioned for 2020?   I'm always thinking of ways to optimize my portfolio, and want to share an amazing investment vehicle not many consider for whatever reason (according to WSJ), and that is the Health Savings Account if you are enrolled in a qualifying high-deductible health insurance plan. This account has triple tax benefits, and can be an amazing addition to your retirement accounts, as a HSA also does not require minimum distributions once you reach retirement age.  I'll post additional details and personal tips soon on how to optimize your HSA.
I have been aware of this strategy but have not utilized it yet.  Not at a point where I can fund to that level.

Awesome - knowledge is half the battle.  I think folks should strongly consider increasing the priority of investing in a HSA if available to them, versus doing it as an afterthought.  For example, contribute to the 401K up to the amount that the employer will match, then consider contributing to a HSA.

RWD

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Re: Race from 500k to 1M!
« Reply #1470 on: January 06, 2020, 03:17:12 PM »
How is everyone positioned for 2020?   I'm always thinking of ways to optimize my portfolio, and want to share an amazing investment vehicle not many consider for whatever reason (according to WSJ), and that is the Health Savings Account if you are enrolled in a qualifying high-deductible health insurance plan. This account has triple tax benefits, and can be an amazing addition to your retirement accounts, as a HSA also does not require minimum distributions once you reach retirement age.  I'll post additional details and personal tips soon on how to optimize your HSA.
I have been aware of this strategy but have not utilized it yet.  Not at a point where I can fund to that level.

Awesome - knowledge is half the battle.  I think folks should strongly consider increasing the priority of investing in a HSA if available to them, versus doing it as an afterthought.  For example, contribute to the 401K up to the amount that the employer will match, then consider contributing to a HSA.

This is already suggested in the sticky Investment Order post. The Mad Fientist post is very good reading on this subject as well.

use2betrix

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Re: Race from 500k to 1M!
« Reply #1471 on: January 06, 2020, 08:40:36 PM »
How is everyone positioned for 2020?   I'm always thinking of ways to optimize my portfolio, and want to share an amazing investment vehicle not many consider for whatever reason (according to WSJ), and that is the Health Savings Account if you are enrolled in a qualifying high-deductible health insurance plan. This account has triple tax benefits, and can be an amazing addition to your retirement accounts, as a HSA also does not require minimum distributions once you reach retirement age.  I'll post additional details and personal tips soon on how to optimize your HSA.

-Jay

This is my 3rd year in a row maxing out my HSA. I immediately transfer it from my HSA account into my TDAmeritrade acct and invest the money. This year, Iím having $3550 (half) taken out of each of my first two January paychecks. The first one hit my investment account today.

Trifle

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Re: Race from 500k to 1M!
« Reply #1472 on: January 07, 2020, 03:53:08 AM »
Welcome @ender and @bzzzt !

Congratulations @Roots&Wings!  Very well done indeed!

MikeO

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Re: Race from 500k to 1M!
« Reply #1473 on: January 07, 2020, 08:31:21 AM »

Investment Accounts
EOM         Dollar Amount   (I invested)     {total change}
Dec 2016  $322,818          ($30,604)       
Dec 2017  $438,627          ($40,177)        {$115,809}
Dec 2018  $518,373           ($87,168)       {$79,746}
Dec 2019  $778,776          ($95,881)        {$164,522}

Jan 2019  $572,058            ($9,743)         {$53,685}
Feb 2019  $603,363            ($4,010)         {$31,305}
Mar 2019  $616,382            ($7,800)         {$13,019}
Apr 2019  $643,599            ($2,500)         {$27,217}
May 2019 $638,398            ($29,928)        {-$5,201}
June 2019 $679,549           ($2,200)          {$41,151}
July 2019  $702,460           ($12,000)        {$22,911}
Aug 2019 $691,691            ($3,456)           {-10,769}
Sep 2019  $699,235            ($2,122)           {$7,544}
Oct 2019  $722,383             ($4,534)           {$23,148}
Nov 2019  $758,260            ($12,842)         {$35,877)
Dec 2019  $778,776            ($3,737)           {$16,780}
                         

Not too shabby $518,000 to $778,000 in a single year.  Hopefully 2020 doesn't try to make up for the good gains.  A few good years like this and I'd be in a great position to just stop working so much.  One can dream


Congrats to Yellowcat for hitting the 1M mark, hope to see you over in that thread sooner than later.  Keep up the great work everyone, just gotta keep plugging away at it.

 But don't forget to live today as well, tomorrow is never promised - As I have learned by saying good bye to several friends this year and a couple more found out they have cancer. 

FireinNY

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Re: Race from 500k to 1M!
« Reply #1474 on: January 07, 2020, 12:32:21 PM »
Long time lurker here. Decided to finally jump into the mix. Total NW 702k. Letís do it!

caracarn

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Re: Race from 500k to 1M!
« Reply #1475 on: January 07, 2020, 01:56:52 PM »
Long time lurker here. Decided to finally jump into the mix. Total NW 702k. Letís do it!
Glad to have you and have your first post be in this thread. 

JJ-

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Re: Race from 500k to 1M!
« Reply #1476 on: January 07, 2020, 09:20:26 PM »
Jan 2017  $275k
Jan 2018 $356k
Jan 2019 $447k
Jan 2020 $559k (433 liquid + 126 prop)

I'm here from the last thread. I'm not quite sure when we crossed the 500k mark last year as it's been absolutely whirlwind for us, but the nice thing of set it and forget it is that it works when you're not paying attention!

lollylegs

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Re: Race from 500k to 1M!
« Reply #1477 on: January 08, 2020, 08:53:50 AM »
Finally made it to this thread!

Jan 2018 -  $330,883
July 2018 - $372,389
-----------------------
Jan 2019 -  $376,421
July 2019 - $449,818
Aug 2019 - $461,802
Sept 2019 -$471,690
Nov 2019 - $486,235
Dec 2019 - $498,006
------------------
Jan 2020 - $501,901



Ladychips

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Re: Race from 500k to 1M!
« Reply #1478 on: January 08, 2020, 03:51:37 PM »
Finally made it to this thread!

Jan 2018 -  $330,883
July 2018 - $372,389
-----------------------
Jan 2019 -  $376,421
July 2019 - $449,818
Aug 2019 - $461,802
Sept 2019 -$471,690
Nov 2019 - $486,235
Dec 2019 - $498,006
------------------
Jan 2020 - $501,901

Welcome Lollylegs!  Well done!

ender

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Re: Race from 500k to 1M!
« Reply #1479 on: January 08, 2020, 06:59:59 PM »
How is everyone positioned for 2020? 

I'm probably the weird one since after years of frontloading everything, this year we're moving right now and so we're doing minimums for retirement to cashflow some excess expenses and then will backload things once we're settled.

caracarn

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Re: Race from 500k to 1M!
« Reply #1480 on: January 09, 2020, 06:54:09 AM »
How is everyone positioned for 2020?
Same as 2019...and 2018 and 2017 and 2016........  Index funds make things pretty standard.  Until the stock market ceases to exist I will likely stay positioned in much the same way.  Perhaps several years after I hit FIRE I might need to readjust.

StackOfCoins.com (Jay)

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Re: Race from 500k to 1M!
« Reply #1481 on: January 09, 2020, 05:08:37 PM »
How is everyone positioned for 2020? 

I'm probably the weird one since after years of frontloading everything, this year we're moving right now and so we're doing minimums for retirement to cashflow some excess expenses and then will backload things once we're settled.

Life happens and we have to adjust accordingly!  I've done this too in years past.

StackOfCoins.com (Jay)

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Re: Race from 500k to 1M!
« Reply #1482 on: January 09, 2020, 05:10:21 PM »
How is everyone positioned for 2020?
Same as 2019...and 2018 and 2017 and 2016........  Index funds make things pretty standard.  Until the stock market ceases to exist I will likely stay positioned in much the same way.  Perhaps several years after I hit FIRE I might need to readjust.

I take it you are 100% equities?

dandypandys

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Re: Race from 500k to 1M!
« Reply #1483 on: January 10, 2020, 09:14:56 AM »
yay I get to plonk myself down here now :) Is there a spreadsheet for this race?

2017
Jan 1st: 252k
Dec 4th 322.5k   

2018
Jan 1st:316.5k     64.5k up for 2017
Dec 1st:370k

2019
Jan 1st: $357.5 (marking the first year of maxing out retirement accounts!) UP: 41k for 2018 (markets took a hit)
Dec 1st $498.5   

2020
Jan 1st $533.5  We did it! How exciting :) UP 176k for 2019- wow did I make a mistake lol!?
« Last Edit: January 10, 2020, 09:19:35 AM by dandypandys »

RWD

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Re: Race from 500k to 1M!
« Reply #1484 on: January 10, 2020, 09:20:28 AM »
yay I get to plonk myself down here now :) Is there a spreadsheet for this race?

Welcome! I am not aware of a spreadsheet for this race.

caracarn

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Re: Race from 500k to 1M!
« Reply #1485 on: January 10, 2020, 10:13:44 AM »
How is everyone positioned for 2020?
Same as 2019...and 2018 and 2017 and 2016........  Index funds make things pretty standard.  Until the stock market ceases to exist I will likely stay positioned in much the same way.  Perhaps several years after I hit FIRE I might need to readjust.

I take it you are 100% equities?
No, 85 stock/15 bonds

coffeefueled

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Re: Race from 500k to 1M!
« Reply #1486 on: January 10, 2020, 11:11:18 AM »
We hit $500,606 today! I'm sure we'll hover around the line for a bit, but figured I'd go ahead throw in my lot here with you guys. I'm tracking investments only.

2014 -40k  <--- boo student loans
APR 2019: $250k
JUN 2019: $380k <-- got married and added his investments
JAN 2020: $500,606

It took me 4.5 years to get to $250k. It took 9 months to get to $500 (marriage boost sped that up nicely). :D

Can't wait to see what we'll accomplish in 2020. I heard the next $500k goes a lot faster. Anyone have estimates/predictions on how the time to graduate to the next thread changes? I hope we can hit it in five years.

Trifle

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Re: Race from 500k to 1M!
« Reply #1487 on: January 10, 2020, 11:46:57 AM »

caracarn

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Re: Race from 500k to 1M!
« Reply #1488 on: January 10, 2020, 12:59:37 PM »
We hit $500,606 today! I'm sure we'll hover around the line for a bit, but figured I'd go ahead throw in my lot here with you guys. I'm tracking investments only.

2014 -40k  <--- boo student loans
APR 2019: $250k
JUN 2019: $380k <-- got married and added his investments
JAN 2020: $500,606

It took me 4.5 years to get to $250k. It took 9 months to get to $500 (marriage boost sped that up nicely). :D

Can't wait to see what we'll accomplish in 2020. I heard the next $500k goes a lot faster. Anyone have estimates/predictions on how the time to graduate to the next thread changes? I hope we can hit it in five years.
Great news that you found someone with investments to add when you got married.  So many times people have 0 assets (or they think they do and it is their car).

ender

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Re: Race from 500k to 1M!
« Reply #1489 on: January 11, 2020, 03:02:05 PM »
Can't wait to see what we'll accomplish in 2020. I heard the next $500k goes a lot faster. Anyone have estimates/predictions on how the time to graduate to the next thread changes? I hope we can hit it in five years.

Depends on what the stock market/real estate markets do, honestly.

If you have $500k in investments and add $50k a year, a 10% drop basically wipes out your contributions. But if it goes up 10% then your contributions are doubled ($50k+$50k growth).


JustFixIt

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Re: Race from 500k to 1M!
« Reply #1490 on: January 14, 2020, 01:31:38 PM »
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.


actionjackson

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Re: Race from 500k to 1M!
« Reply #1491 on: January 14, 2020, 05:51:13 PM »
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353
Sep - 529071
Oct - 519042
Nov - 532025

2019
Mar - 586808
May - 609872
Jun - 622961

Jul - 643390
Aug - 654710
Sep - 663790
Oct - 671853
Nov - 684764
Dec - 700320

2020
Jan - 717618

Chairman

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Re: Race from 500k to 1M!
« Reply #1492 on: January 15, 2020, 03:45:39 PM »
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.
Not declaring victory yet though until I have 1m investible and no debt to the bank.
Net worth is clearly north of $1m now, and we even have more than $1m invested/investible, but still not debt free
So, net worth hits $1.5m for the first time.
Net worth drops back down to where it was 6 months ago.
Down 9.3% from peak
Liquidity down, home equity up, debt down, savings rate 0% so totally reliant on market returns to get back above 1m in investible/invested assets.
So at this point my savings rate is still stuck at 0%, house will soon be paid off, and still reliant on market returns.

2020 yearly update:

Saved $0 since last update; all increases are from market returns. May be able to pay off house by end of year, or if not, soon after. After that, expect savings rate to go up again.

  • 2020: 918k liquid + 478k home equity: total 1,396k (debt: 30k)
  • Q2 2019: 860k liquid + 466k home equity: total 1,326k (debt: 40k)
  • Q1 2019: 877k liquid + 440k home equity: total 1,317k (debt: 46k)
  • Q4 2018: 990k liquid + 389k home equity: total 1,379k (debt: 104k)
  • Q3 2018: 1,096k liquid + 384k home equity: total 1,480k (debt: 115k)
  • Q2 2018: 1,108k liquid + 392k home equity: total 1,500k (debt: 131k)
  • 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)


salt cured

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Re: Race from 500k to 1M!
« Reply #1493 on: January 16, 2020, 06:46:36 AM »
2020 yearly update:

Saved $0 since last update; all increases are from market returns. May be able to pay off house by end of year, or if not, soon after. After that, expect savings rate to go up again.

  • 2020: 918k liquid + 478k home equity: total 1,396k (debt: 30k)
  • Q2 2019: 860k liquid + 466k home equity: total 1,326k (debt: 40k)
  • Q1 2019: 877k liquid + 440k home equity: total 1,317k (debt: 46k)
  • Q4 2018: 990k liquid + 389k home equity: total 1,379k (debt: 104k)
  • Q3 2018: 1,096k liquid + 384k home equity: total 1,480k (debt: 115k)
  • Q2 2018: 1,108k liquid + 392k home equity: total 1,500k (debt: 131k)
  • 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)

What's the story behind your numbers?

PacificaFog

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Re: Race from 500k to 1M!
« Reply #1494 on: January 19, 2020, 09:57:42 AM »
Joining this race.  Currently at $692,000 NW.  For context:

10/1/15 - $181,000
10/1/16 - $267,000
10/1/17 - $408,800
10/1/18 - $553,000


10/1/19 - $692,000
1/1/20 - $752,000

This increase is partially sale of SARS at the end of the year, but also itís just a good time to be in the stock market.  Weíll see how long it lasts!

Thoughtful Mule

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Re: Race from 500k to 1M!
« Reply #1495 on: January 20, 2020, 09:15:09 AM »
Here's my update for January. I posted last March after crossing the 1M mark in NW. We are planning to sell our primary residence, move, and rent for the next couple of years. A little more than half of the equity is going to the portfolio. Doing the math, that puts the portfolio value just over 1M, so says the spreadsheet. 

2019-Jan    /    557k    /    941k
2019-Feb    /    584k    /    981k
2019-Mar    /    593k    /    1007k
2019-Apr    /    632k    /    1042k
2019-May    /    616k    /    1018k
2019-Jun    /    648k    /    1046k
2019-Jul    /    654k    /    1057k
2019-Aug    /    644k    /    1047k
2019-Sep    /    663k    /    1067k
2019-Oct    /    690k    /    1097k
2019-Nov    /    729k    /    1135k
2019-Dec    /    749k    /    1160k
2020-Jan    /    1015k*    /    1204k

*note most of the big jump in portfolio value between Dec'19 and Jan'20 is from moving some home equity over.

blurb

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Re: Race from 500k to 1M!
« Reply #1496 on: January 21, 2020, 05:32:16 AM »
Oct-2019:      $689,909
Nov-2019:     $691,960 (+2051)
Dec-2019:     $723,131 (+31,171)

Posting late this month. Better late than never!
« Last Edit: January 21, 2020, 05:33:49 AM by blurb »

drumstache

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Re: Race from 500k to 1M!
« Reply #1497 on: January 24, 2020, 03:27:08 PM »

Not counting value of house:
5/20/2016   INV-   $218,514      NW-   $328,980
7/17/2017   INV-   $306,386      NW-   $417,755
3/14/2018   INV-   $380,160      NW-   $467,160
8/08/2018   INV-   $423,708      NW-   $491,708
2/18/2019   INV-   $446,121      NW-   $581,759
1/24/2020   INV-   $610,000      NW-   $690,000

ender

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Re: Race from 500k to 1M!
« Reply #1498 on: January 26, 2020, 07:11:09 AM »
2020 should be good for us here.

I think we'll be able to save about $35k in my 401k, $5k in HSA, and perhaps $12k in Roth IRAs (or cash savings).

Depends a lot on what we end up doing for housing but either way should be close to $50k in savings, just not sure in what medium yet :-)  If we buy a house we may end up doing the heretical thing and aggressively paying it down.

OurTown

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Re: Race from 500k to 1M!
« Reply #1499 on: January 31, 2020, 07:30:42 AM »
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
7/1/18 = $612
8/1/18 = $623
9/1/18 = $639
10/1/18 = $644
11/1/18 = $622
12/1/18 = $636

1/1/19 = $630
2/1/19 = $664
3/1/19 = $682
4/1/19 = $691
5/1/19 = $708
6/1/19 = $702
7/1/19 = $731
8/1/19 = $737
9/1/19 = $736
10/1/19 = $746
11/1/19 = $761
12/1/19 = $781

1/1/20 = $809
2/1/20 = $824