Author Topic: Race from 500k to 1M!  (Read 702780 times)

asauer

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Re: Race from 500k to 1M!
« Reply #1500 on: January 31, 2020, 08:43:10 AM »
Woo!  Got my bonus today and automatically put it all in savings/ investment/ kids college.  So here are my new numbers:
Jan 1 2018: 580,300
Jun 1 2018: 616,473
Jan 1 2019: 661,636
Jun 1 2019: 705,137

November 1 2019: 818,595
December 1 2019: 856,619
February 1 2020: 875,020, 1.32M w/ home value

Numbers do not include kids college funds.  Only liquid and investment $.

caracarn

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Re: Race from 500k to 1M!
« Reply #1501 on: January 31, 2020, 02:34:38 PM »
Really enjoyed this format that I saw from several others.  Was not tracking monthly, but redid this for the new format and provides a nice way to see year over year growth.


                       2014                2015                2016                2017                2018                2019                2020                2021               
January$-$292,190$304,411$437,806$581,831$615,789$767,806-
February$-$332,002$331,197$162,424$585,663$662,207--
March$-$332,209$331,749$481,340$583,773$683,014--
April$-$336,743$260,548$483,994$582,862$719,849--
May$256,131$338,884$373,153$483,982$585,929$701,938--
June$258,642$321,529$377,807$490,951$590,577$731,170--
July$276,381$320,767$414,764$503,706$601,024$721,753--
August$296,700$313,896$405,676$513,111$606,442$686,503--
September$290,244$301,079$422,204$525,158$610,690$698,968--
October$274,986$308,291$413,967$533,760$585,817$577,615--
November$282,762$308,558$419,572$549,074$595,773$620,036--
December$292,942$312,281$431,458$557,941$575,877$760,501--
« Last Edit: January 31, 2020, 02:44:25 PM by caracarn »

Sailor Sam

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Re: Race from 500k to 1M!
« Reply #1502 on: January 31, 2020, 09:56:16 PM »
1-Jan-2011:  $82,795
1-Jan-2012:  $106,303
1-Jan-2013:  $147,328
1-Jan-2014:  $212,595
1-Jan-2015:  $264,308
1-Jan-2016:  $299,216
1-Jan-2017:  $371,623
1-Jan-2018:  $500,083  (graduated from 250-->500k thread!)
1-Jan-2019:  $551,753


1-Jan-2020:   $706,933   ($30k car note)
1-Feb-2020:   $711,588

salt cured

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Re: Race from 500k to 1M!
« Reply #1503 on: February 01, 2020, 04:00:29 AM »
Getting that paper

11/30/19: $496k
12/31/19: $524k
01/31/20: $533k

monarda

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Re: Race from 500k to 1M!
« Reply #1504 on: February 01, 2020, 08:06:40 AM »
             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. With Nextdoor valuation for primary residence,  we're at $1,031K for the second number right now. Pretend numbers. Not selling.


1/2020     $836K                 $996K     


2/2020     $845K               $996K      Big property tax bill. Used HELOC

1MM dates      3/2022         any month now!

use2betrix

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Re: Race from 500k to 1M!
« Reply #1505 on: February 01, 2020, 11:00:09 AM »
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
Feb 1, 2020 - $573,474

Glad I waited until yesterdayís big drop was over before reporting. Still a pretty good month. It was one of the rare 3 paycheck months (paid bi-weekly, three Fridays this month) so that helped a lot. Spending was also good for the month.

Ready to keep on trucking. $500k-$1MM seems like itís going to take a lot longer than the $250k-$500k, even though it will be pretty close if I keep on my current path (should hit $1MM in two years barring nothing majorly out of my control)

turketron

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Re: Race from 500k to 1M!
« Reply #1506 on: February 01, 2020, 11:51:21 AM »
April 2015: $98k
May 2015: $111k
June 2015: $112k
July 2015: $113k
Aug 2015: $113k
Sept 2015: $116k
Nov 1 2015: $120,330.91
Dec 1 2015: $138,810.56

Jan 1 2016: $141,251.00
Feb 1 2016: $135,573.00
Mar 4 2016: $138,331.39
Apr 1 2016: $146,788.37
May 1 2016: $149,149.52
Jun 1 2016: $161,205.21
July 1 2016: $165,947.80
Aug 1 2016: $176,198.00
Sep 1 2016: $178,840.37
Oct 1 2016: $184,372.64
Nov 1 2016: $181,625.28
Dec 1 2016: $187,972.57

Jan 1 2017: $193,414.19
Feb 1 2017: $200,758.63
Mar 1 2017: $211,677.78
Apr 1 2017: $217,643.71
May 1 2017: $225,773.04
Jun 1 2017: $232,222.09
July 1 2017: $235,779.19
Aug 1 2017: $244,461.55
Sept 1 2017: $247,101.69
Oct 1 2017: $256,365.91
Nov 1 2017: $266,140.14
Dec 1 2017: $279,806.93

Jan 1 2018: $283,829.36
Feb 1 2018: $304,851.88
Mar 1 2018: $303,796.17
Apr 1 2018: $307,682.67
May 1 2018: $315,634.59
Jun 1 2018: $337,046.55
July 1 2018: $340,399.63
Aug 1 2018: $363,304.76
Sept 1 2018: $385,572.12
Oct 1 2018: $392,296.56
Nov 1 2018: $370,000.25
Dec 1 2018: $386,361.40

Jan 1 2019: $359,505.30
Feb 1 2019: $397,087.41
Mar 1 2019: $428,309.57
Apr 1 2019: $440,342.71
May 1 2019: $456,285.80
Jun 1 2019: $441,047.77
Jul 1 2019: $476,489.51
Aug 1 2019: $486,559.27
Sept 1 2019: $483,967.28
Oct 1 2019: $490,200.54
Nov 1 2019: $501,003.17
Dec 1 2019: $531,904.82
Jan 1 2020: $546,089.75
Feb 1 2020: $557,258.06

Ladychips

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Re: Race from 500k to 1M!
« Reply #1507 on: February 02, 2020, 07:25:14 AM »

12/16 - $360,891     $570,338
12/17 - $473,407     $697,411
12/18 - $480,550     $732,108
12/19 - $669,819     $943,739


01/20 - $675,940    $951,251

2Birds1Stone

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Re: Race from 500k to 1M!
« Reply #1508 on: February 02, 2020, 09:51:11 AM »
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
02/1/2020 - $721,000

SugarMagnolia77

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Re: Race from 500k to 1M!
« Reply #1509 on: February 02, 2020, 10:27:50 AM »
Can I join? I've been a "set it and forget it" type investor since my first job. I've been having money put in my 403b and Roth for 20 years and also have a traditional IRA. Stumbling on the FIRE movement in December made me realize that I could retire from education early by paying more attention to my finances. I already switched the fund in which my Roth was invested because of all the reading I've been doing. Next up, I'll figure out a better mix for my traditional IRA.

02/01/2020 - $806,540

bigote2032

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Re: Race from 500k to 1M!
« Reply #1510 on: February 02, 2020, 01:29:29 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
1/31/2020    $511,758.52

Not a good start of the year, let's keep collecting money!

fattest_foot

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Re: Race from 500k to 1M!
« Reply #1511 on: February 02, 2020, 05:46:16 PM »
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

1/2020: $562,839

Trifle

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Re: Race from 500k to 1M!
« Reply #1512 on: February 03, 2020, 04:11:30 AM »
Welcome @JustFixIt and @SugarMagnolia77!  You're both looking good.

YoungGranny

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Re: Race from 500k to 1M!
« Reply #1513 on: February 03, 2020, 07:12:09 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



Feb 3, 2020: $908.4k - less than $100k to go :)

G-Cool

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Re: Race from 500k to 1M!
« Reply #1514 on: February 03, 2020, 07:38:04 AM »


2/1/2018 :  $562k Inv. / $627k NW
3/1/2018 :  $558k Inv. / $626k NW
4/1/2018 :  $563k Inv. / $630k NW
5/1/2018 :  $572k Inv. / $642k NW
6/1/2018 :  $497k Inv. / $656k NW
7/1/2018 :  $506k Inv. / $666k NW
8/1/2018 :  $589k Inv. / $668k NW
9/1/2018 :  $598k Inv. / $685k NW
10/1/2018 : $597k Inv. / $686k NW
11/1/2018 : $584k Inv. / $674k NW
12/1/2018 : $585k Inv. / $672k NW

1/1/2019 :  $567k Inv. / $658k NW
2/1/2019 :  $582k Inv. / $676k NW
3/1/2019 :  $594k Inv. / $689k NW
4/1/2019 :  $601k Inv. / $696k NW
5/1/2019 :  $611k Inv. / $710k NW
6/1/2019 :  $624k Inv. / $725k NW
7/1/2019 :  $641k Inv. / $742k NW
8/1/2019 :  $650k Inv. / $754k NW
9/1/2019 :  $641k Inv. / $748k NW
10/1/2019 :  $654k Inv. / $762k NW
11/1/2019 :  $668k Inv. / $772k NW
12/1/2019 :  $690k Inv. / $797k NW

1/1/2020 :  $702k Inv. / $811k NW
2/1/2020 :  $714k Inv. / $825k NW

Slow and steady progress, while paying for DIY home improvements. Almost halfway there, as I'm focused on investments only.

dandypandys

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Re: Race from 500k to 1M!
« Reply #1515 on: February 03, 2020, 09:13:26 AM »

2017
Jan 1st: 252k
Dec 4th 322.5k   

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

2019
Jan 1st: $357.5 (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!?
Feb 3rd  $523

afuera

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Re: Race from 500k to 1M!
« Reply #1516 on: February 03, 2020, 09:20:49 AM »

12/31/2014: INV-$10,584.06     NW-$-20,000
12/31/2015: INV-$49,877.48     NW-$78,264.92
12/31/2016: INV-$106,390.73    NW-$188,244.13
12/31/2017: INV-$265,731.22    NW-$277,837.89
12/31/2018: INV-$332,761.13    NW-$357,901.80
12/31/2019: INV-$545,957.38    NW-$583,896.83

01/31/2019: INV-$554,278.54    NW-$597,803.17

About to leave for 3 weeks in the Philippines.  My money will be working much harder than I will be in February :)

formerlydivorcedmom

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Re: Race from 500k to 1M!
« Reply #1517 on: February 03, 2020, 10:21:10 AM »
We passed $1M in net worth (counting kids' college funds and home equity) this month, which is an exciting and completely meaningless milestone.  I judge myself by invested assets.

2013 EOY - 295k (+37k college funds)
2014 EOT - 337k (+48k college)
2015 EOY - 366k (+54k college)
2016 EOY - 432k (+63k college)
2017 EOY - 532k (+82k college)
2018 EOY - 590k (+97k college)
2019 EOY - 721k (+111k college)

2020 Jan - 721k (+114k college)

We have fully funded oldest kid's college fund, and are 65% for two youngest kids.  Retirement savings are at about 40% of target.

Dr Kidstache

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Re: Race from 500k to 1M!
« Reply #1518 on: February 05, 2020, 07:47:50 AM »
Apr 5 2019: $523,606 -> crossed 500k threshold
May 6 2019: $536,891
Jun 6 2019: $528,014
Jul 10 2019: $569,181
Aug 5 2019: $547,229
Sep 5 2019: $569,689 
Oct 5 2019: $579,502 
Nov 5 2019: $602,772   
Dec 5 2019: $607,806
Jan 5 2020: $634,119 

Feb 5 2020: $642,031 (+$7,912)

monarda

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Re: Race from 500k to 1M!
« Reply #1519 on: February 07, 2020, 09:30:53 PM »
             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. With Nextdoor valuation for primary residence,  we're at $1,031K for the second number right now. Pretend numbers. Not selling.


1/2020     $836K                 $996K     


2/2020     $845K               $996K      Big property tax bill. Used HELOC
2/7/2020  $853K              $1004K  !! yay!! big day for a stock I own.

1MM dates      3/2022         made it!!

ender

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Re: Race from 500k to 1M!
« Reply #1520 on: February 08, 2020, 08:05:29 AM »
House sale is finalized.

The amount of on hand cash we have is mindblowing for our lives. Transferred some money and we now have one account with $100k in it. In cold hard greenbacks as they say (well, electronic ones).

It's weird to think how few years ago this would have been all of our net worth and now, well, it's not.

Or... if we rented I could just not work for a few years :)


lollylegs

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Re: Race from 500k to 1M!
« Reply #1521 on: February 08, 2020, 05:22:25 PM »
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
Feb 2020 - $518,123

really pleased with this months progress, some 'late' employer contributions finally landed in the account.


ToughMother

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Re: Race from 500k to 1M!
« Reply #1522 on: February 12, 2020, 06:28:12 AM »
MAJOR MILESTONE (temporarily) ACHIEVED!!! goal to Investments = $1M.

Shortly, we'll be dipping into some of these investments to complete the renovation of our new house, but in the meantime, we've gotten to see what it is like to hit our Investment goal of $1M. It is delightful to witness and I look forward to seeing it again much later this year.  In the meantime, thanks for this grey, dank, February moment of victory.

(We've slowed down saving 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
2/12/20    $1.19M        $1M !!!


actionjackson

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Re: Race from 500k to 1M!
« Reply #1523 on: February 13, 2020, 02:56:01 AM »
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
Feb - 739266

Trifle

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Re: Race from 500k to 1M!
« Reply #1524 on: February 13, 2020, 03:51:06 AM »
MAJOR MILESTONE (temporarily) ACHIEVED!!! goal to Investments = $1M.

Congratulations @ToughMother !!!!!!!

asauer

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Re: Race from 500k to 1M!
« Reply #1525 on: February 14, 2020, 12:48:37 PM »

asauer

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Re: Race from 500k to 1M!
« Reply #1526 on: February 14, 2020, 12:50:26 PM »

12/16 - $360,891     $570,338
12/17 - $473,407     $697,411
12/18 - $480,550     $732,108
12/19 - $669,819     $943,739


01/20 - $675,940    $951,251

That's awesome LadyChips!

MayDay

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Re: Race from 500k to 1M!
« Reply #1527 on: February 14, 2020, 08:59:09 PM »
Woohoo, good work everyone! (Or good work market!).

We are hovering above 950k. Could be anytime now depending on the market! It's amazing how fast its done and also how mentally it's been very positive for us even though we are currently spending enough that 1 million isn't enough to retire (we don't really have a specific number in mind yet as we enjoy our jobs and have kids at home so aren't considering retiring soon).

sixwings

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Re: Race from 500k to 1M!
« Reply #1528 on: February 15, 2020, 08:26:35 AM »
976! Will hopefully get there in the next few months if the stock market does well, however our savings rate is decreasing as we have some house repairs to save for over that time.

use2betrix

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Re: Race from 500k to 1M!
« Reply #1529 on: February 15, 2020, 05:48:59 PM »
From Nov 1st 2019 to Feb 15th 2020 we went from $501k to $601k, simply by savings and stock market growth.. Let the good times roll!

SugarMagnolia77

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Re: Race from 500k to 1M!
« Reply #1530 on: February 15, 2020, 07:07:05 PM »
Looks like we might lose a few people to the $1-2 mil thread soon. Congrats, folks!

RWD

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Re: Race from 500k to 1M!
« Reply #1531 on: February 15, 2020, 09:49:51 PM »
From Nov 1st 2019 to Feb 15th 2020 we went from $501k to $601k, simply by savings and stock market growth.. Let the good times roll!

Wow, that's nuts! We're +$80k for the same period. At this point it won't even take average stock market returns for us to reach $1 million by the end of the year. Who knows what it will actually do though...

TheAnonOne

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Re: Race from 500k to 1M!
« Reply #1532 on: February 17, 2020, 01:58:00 PM »
From Nov 1st 2019 to Feb 15th 2020 we went from $501k to $601k, simply by savings and stock market growth.. Let the good times roll!

Wow, that's nuts! We're +$80k for the same period. At this point it won't even take average stock market returns for us to reach $1 million by the end of the year. Who knows what it will actually do though...

Around Nov 1st we were sitting at ~ 750k, today (or by EOM with a few checks/tax returns) we are at ~ 850k

This is through an expensive moving process as well. You're still winning though! (Our living expenses actually grew quite a bit by moving, but it fits our post-FIRE lifestyle better, so I assume you will pull away over time! Good Luck!)

If only we could do this every 3 months ha!

RWD

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Re: Race from 500k to 1M!
« Reply #1533 on: February 17, 2020, 02:07:39 PM »
From Nov 1st 2019 to Feb 15th 2020 we went from $501k to $601k, simply by savings and stock market growth.. Let the good times roll!

Wow, that's nuts! We're +$80k for the same period. At this point it won't even take average stock market returns for us to reach $1 million by the end of the year. Who knows what it will actually do though...

Around Nov 1st we were sitting at ~ 750k, today (or by EOM with a few checks/tax returns) we are at ~ 850k

This is through an expensive moving process as well. You're still winning though! (Our living expenses actually grew quite a bit by moving, but it fits our post-FIRE lifestyle better, so I assume you will pull away over time! Good Luck!)

If only we could do this every 3 months ha!

We're around $890k now. Crazy growth. Our expenses have gone up a bit due to vehicles but it's hard to notice in this market.

Haha, yeah, if only we could guarantee +10% from the S&P 500 per quarter!

charis

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Re: Race from 500k to 1M!
« Reply #1534 on: February 20, 2020, 10:02:05 AM »
Jumping in after dropping the progress threads for a while:

NW:
April 2017: 175k
April 2018: 333k
April 2019: 400k
February 2020: 515k (today)



ender

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Re: Race from 500k to 1M!
« Reply #1535 on: February 21, 2020, 06:05:27 AM »
Market growth is kind to us sometimes.

What the market giveth, it can taketh.

Which is why we're still investing $3k+ a month :-)

RWD

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Re: Race from 500k to 1M!
« Reply #1536 on: February 21, 2020, 10:36:38 AM »
Market growth is kind to us sometimes.

What the market giveth, it can taketh.

Which is why we're still investing $3k+ a month :-)

You inspired me to make a spreadsheet for when we will hit $1 million (net worth) given possible market performance. We're investing $6k/month plus and reducing debt by about $2.3k/month. Currently at $885k net worth with $737k invested.

20% returns: 6 months
10% returns: 9 months
6% returns: 12 months
3% returns: 15 months
0.5% returns: 18 months
-0.9% returns: 21 months
-2% returns: 24 months
-3% returns: 28 months
-4% returns: 34 months
-5% returns: 42 months
-6% returns: 55 months
-7% returns: 82 months (this return over this length of period has happened only once, I believe)
-8% returns: 165 months (this has never happened)
-9% returns: Never

So best case scenario we'll finish this race in a matter of months and worst case it will be almost 7 years. That's quite a possible gap! Better than 90% chance it will be under 3 years though.

SugarMagnolia77

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Re: Race from 500k to 1M!
« Reply #1537 on: February 21, 2020, 12:18:28 PM »
Jumping in after dropping the progress threads for a while:

NW:
April 2017: 175k
April 2018: 333k
April 2019: 400k
February 2020: 515k (today)

There are a few of us who are newer around here. Welcome, welcome!

Gardo

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Re: Race from 500k to 1M!
« Reply #1538 on: February 22, 2020, 08:43:44 AM »
                    Retirement  +  Non-Retirement Non-College   +  Property, Net  +  Car        =   Net Worth
20190101:      $  150.4                         $   54.4                        $   236.2        $20.0           $   461.0
20190201:      $  153.0                         $   55.2                        $   241.9        $20.0           $   470.0
20190301:      $  156.0                         $   56.0                        $   244.2        $20.0           $   476.2
20190401:      $  160.0                         $   65.0                        $   247.7        $20.0           $   492.7
20190501:      $  163.0                         $   66.0                        $   250.2        $20.0           $   499.2
20190601:      $  276.0                         $   67.0                        $   252.0        $20.0           $   615.0
20190701:      $  285.0                         $   69.0                        $   253.0        $20.0           $   627.0
20191201:      $  350.0                         $   78.0                        $   270.0        $20.0           $   698.0
20200201:      $  360.0                         $   80.0                        $   275.0        $20.0           $   735.0

ender

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Re: Race from 500k to 1M!
« Reply #1539 on: February 22, 2020, 08:48:31 AM »
You inspired me to make a spreadsheet for when we will hit $1 million (net worth) given possible market performance. We're investing $6k/month plus and reducing debt by about $2.3k/month. Currently at $885k net worth with $737k invested.

20% returns: 6 months
10% returns: 9 months
6% returns: 12 months
3% returns: 15 months
0.5% returns: 18 months
-0.9% returns: 21 months
-2% returns: 24 months
-3% returns: 28 months
-4% returns: 34 months
-5% returns: 42 months
-6% returns: 55 months
-7% returns: 82 months (this return over this length of period has happened only once, I believe)
-8% returns: 165 months (this has never happened)
-9% returns: Never

So best case scenario we'll finish this race in a matter of months and worst case it will be almost 7 years. That's quite a possible gap! Better than 90% chance it will be under 3 years though.

Yeah, it really makes you realize how much market volatility matters to start doing the math.

But it makes sense; if you have $500k investments, 10% is $50k. Going up vs down is a $100k net worth swing. Even "just" 5% market swings are a $50k net worth difference.

fireseeker

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Re: Race from 500k to 1M!
« Reply #1540 on: February 22, 2020, 12:55:23 PM »
Year         Liquid Assets     Net Worth    Note   
2004.12    -$7K                 same           started marriage with $17K in student loans from undergrad
2005.12    $11K                same
2006.12    $33K                same
2007.12    $62K                same
2008.12    $58K                same           recession!! Also bought used car with $10K in cash
2009.12    $102K              same           paid off student loans!!!
2010.12    $146K              same
2011.12    $187K              same
2012.12    $205K              $266K          bought our first home for $176.5K; put down $50K
2013.12    $186K              $362K          paid off our mortgage. If I had a time machine I'd do things differently.
2014.12    $227K              $420K             
2015.12    $242K              $431K          adopted our daughter; minor surgery for her
2016.12    $244K              $473K          adopted our son; major surgery for him
2017.12    $393K              $622K          minor surgery for our son
2018.12    $437K              $742K          major surgery for our son

Going forward, we intend to keep the mortgage and make the minimum required payments only so we can maximum investments returns.

2019.12    $729K              $891K          downsized; used $275K proceeds from home sale to ramp up investments
2020.02    $763K              $927K

After an extended break from work to be a SAHM, I will be returning to work teaching at a university this fall!! I am excited for this new chapter in my life, and my husband is looking forward to being able to take a break from work or at least shift into a less stressful job. The current plan is for him to continue working another couple of years to maximize the benefits of his current job and reach financial independence. We'll both be around 40 years old at that time. My pay, while more than adequate for our needs, will be substantially less than his current salary. So we've decided to balance aggressive investment with accelerated mortgage payoff for now, hoping to finish paying off our mortgage at the same time that he leaves his current job.

caracarn

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Re: Race from 500k to 1M!
« Reply #1541 on: February 24, 2020, 08:15:16 AM »
Year         Liquid Assets     Net Worth    Note   
2004.12    -$7K                 same           started marriage with $17K in student loans from undergrad
2005.12    $11K                same
2006.12    $33K                same
2007.12    $62K                same
2008.12    $58K                same           recession!! Also bought used car with $10K in cash
2009.12    $102K              same           paid off student loans!!!
2010.12    $146K              same
2011.12    $187K              same
2012.12    $205K              $266K          bought our first home for $176.5K; put down $50K
2013.12    $186K              $362K          paid off our mortgage. If I had a time machine I'd do things differently.
2014.12    $227K              $420K             
2015.12    $242K              $431K          adopted our daughter; minor surgery for her
2016.12    $244K              $473K          adopted our son; major surgery for him
2017.12    $393K              $622K          minor surgery for our son
2018.12    $437K              $742K          major surgery for our son

Going forward, we intend to keep the mortgage and make the minimum required payments only so we can maximum investments returns.

2019.12    $729K              $891K          downsized; used $275K proceeds from home sale to ramp up investments
2020.02    $763K              $927K

After an extended break from work to be a SAHM, I will be returning to work teaching at a university this fall!! I am excited for this new chapter in my life, and my husband is looking forward to being able to take a break from work or at least shift into a less stressful job. The current plan is for him to continue working another couple of years to maximize the benefits of his current job and reach financial independence. We'll both be around 40 years old at that time. My pay, while more than adequate for our needs, will be substantially less than his current salary. So we've decided to balance aggressive investment with accelerated mortgage payoff for now, hoping to finish paying off our mortgage at the same time that he leaves his current job.
This is phenomenal progress given the medical situations you have had.  Your savings rate is clearly quite high.

fireseeker

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Re: Race from 500k to 1M!
« Reply #1542 on: February 24, 2020, 11:19:32 AM »
Thanks @caracarn ! You are doing very well yourself! We have always been frugal, but we let things slip quite a bit in the early years of parenthood and we were spendy by mustachian standards in 2018 especially. Last year was the year of big change for us, returning to our frugal roots. We now live on roughly 25% of our regular monthly gross pay. When hubby receives his annual bonuses, we give some away, eat a meal or two out, top off the vacation bucket, and then invest the rest. I also had the immense privilege of receiving roughly $110K in inheritance from my late grandmother, spread over the past 7 years. I am so grateful for our situation in life. I mean, I'm returning to work because I miss it and my children are now old enough to be in school full-time! The money is an afterthought. Many are nowhere near as fortunate.

coffeefueled

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Re: Race from 500k to 1M!
« Reply #1543 on: February 26, 2020, 07:50:14 AM »
And I'm back under 500K with the market dip... Hope to take advantage of the sale and be back above the line sometime in the next few weeks. It's amazing to see how much market volatility changes my net worth now that I have more invested. Back down in the 100-250k range it didn't see to make a noticeable difference.

charis

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Re: Race from 500k to 1M!
« Reply #1544 on: February 26, 2020, 01:30:56 PM »
And I'm back under 500K with the market dip... Hope to take advantage of the sale and be back above the line sometime in the next few weeks. It's amazing to see how much market volatility changes my net worth now that I have more invested. Back down in the 100-250k range it didn't see to make a noticeable difference.

Same here.  I didn't check my investments this week until today and was surprised to see the 22K drop in our NW.  Not unpleasantly surprised since I was intellectually prepared for a larger dip at our current, larger level of investment due to reading here.  I have some cash that I was waiting to invest next week.  There's no reason not to due it now, but it feels wrong, like market timing.

ToughMother

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Re: Race from 500k to 1M!
« Reply #1545 on: February 26, 2020, 05:29:01 PM »
MAJOR MILESTONE (temporarily) ACHIEVED!!! goal to Investments = $1M.

Congratulations @ToughMother !!!!!!!

Thanks @Trifele.  Iíll have the opportunity to cross the threshold again since Iím down $40k in the last few days. Oof.  Hope everyone is hanging in!

talltexan

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Re: Race from 500k to 1M!
« Reply #1546 on: February 28, 2020, 06:47:23 AM »
Do NOT log into your investments right now. If you're committed to stay the course--and a 10% downturn should be part of that course--don't even tempt yourself into selling. GL

coffeefueled

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Re: Race from 500k to 1M!
« Reply #1547 on: February 28, 2020, 07:25:25 AM »
Took a little savings and dumped it into the market today while things are still on sale.

salt cured

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Re: Race from 500k to 1M!
« Reply #1548 on: February 28, 2020, 07:51:37 AM »
Do NOT log into your investments right now. If you're committed to stay the course--and a 10% downturn should be part of that course--don't even tempt yourself into selling. GL

But then how would we rebalance and tax loss harvest?

Arbitrage

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Re: Race from 500k to 1M!
« Reply #1549 on: February 28, 2020, 10:01:11 AM »
Do NOT log into your investments right now. If you're committed to stay the course--and a 10% downturn should be part of that course--don't even tempt yourself into selling. GL

But then how would we rebalance and tax loss harvest?

Already tax-loss harvested twice this week, including a big chunk this morning.  Might have more opportunities to do so if things continue.  I might have to start thinking about whether or not to continue doing so once I've got enough losses to cover $3000 per year for the rest of my expected full-time working career.  I'm anticipating our tax bracket being low enough in RE that additional tax losses might not be so useful.