Author Topic: Race from 500k to 1M!  (Read 700631 times)

Icecreamarsenal

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Re: Race from 500k to 1M!
« Reply #2200 on: February 28, 2021, 02:22:25 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k

SpareChange

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Re: Race from 500k to 1M!
« Reply #2201 on: February 28, 2021, 05:32:57 PM »


$503,757.

Well shit. Guess I have to mingle in *this* room now. Change is...hard.

Welcome!!!! Always good to see my doppelganger :)

Haha, indeed! I'll do my best to represent!

Jaayse

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Re: Race from 500k to 1M!
« Reply #2202 on: February 28, 2021, 06:27:33 PM »
Investments only, solo journey (so far)

                       2017                2018                2019                2020                2021               
January-$232,213$356,542$500,087$659,936
February-$245,447$383,348$502,244$662,250
March-$242,789$394,563$475,671$684,929
April$164,900$246,140$403,461$429,092-
May-$318,398$421,194$474,155-
June-$328,870$409,591$500,241-
July$180,808$342,159$435,981$516,358-
August$189,280$354,936$443,135$544,475-
September$193,727$366,727$441,101$579,806-
October$209,968$374,465$452,232$568,885-
November$220,602$361,296$466,688$562,892-
December$225,918$370,140$482,944$632,574-


I briefly saw myself hit 700K this past month.  It felt good to see that milestone, but I feel like 750k is the next big hurdle.  Hopefully I can pass it sometime soon.  Already received my federal tax return and should get my state return this next month and whatever stimulus is passed as well.  Got my first COVID vaccine this week and will hopefully get the second shot this next month, so things are looking up.

Mrs. Sloth

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Re: Race from 500k to 1M!
« Reply #2203 on: February 28, 2021, 10:51:33 PM »
LNW:

08/13/2020 $700,373
09/01/2020 $726,934
10/01/2020 $755,557 (windfall is the reason for the gain)
11/01/2020 $749,499
12/01/2020 $830,172
01/01/2021 $870,983
02/01/2021 $898,071
03/01/2021 $812,244 (house down payment = reason for the decrease)

ItsALongStory

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Re: Race from 500k to 1M!
« Reply #2204 on: March 01, 2021, 12:43:14 AM »
Bit late with the update but December was still solid, we ended the month at around $702k for another big milestone. 2020 was bonkers as far as year over year gains, partly due to selling it all and throwing it into the market in late July so it's not really 100% fair to compare.

Ever since moving to Europe and living in rented accommodations we have been able to stick to our generous budget and feel good about where the numbers will go in 2021. I might move to quarterly updates as the lack of contributions will this a very slow process.

Who was I kidding, I still check my investments at least every other day even though I'm coasting through a sabbatical.

Will add some high level context to clean it up/be more numbers focused:
January 2018: $95k
January 2019: $142k
January 2020: $264k
January 2021: $702k (invested over $200k from home sale mid 2020)
February 2021: $706k
March 2021: $725k

Let's keep on keeping on.

hudsoncat

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Re: Race from 500k to 1M!
« Reply #2205 on: March 01, 2021, 06:39:19 AM »
                       2018                2019                2020                2021               
January$222,019$261,809$403,264$550,326
February$236,831$286,584$414,417$555,120
March$234,104$303,681$388,201$577,440
April$234,452$314,939$355,475-
May$241,470$331,080$398,672-
June$249,398$320,926$417,280-
July$253,884$342,700$424,818-
August$264,666$354,784$456,512-
September$276,905$351,842$491,411-
October$285,986$360,853$482,214-
November$267,359$374,706$475,471-
December$281,461$391,293$531,137-

As others have said, the end of the month dip certainly played a little havoc. But still a great month overall.

Nick_Miller

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Re: Race from 500k to 1M!
« Reply #2206 on: March 01, 2021, 07:26:10 AM »


Paid off the last of my student loans from law school. Feel great about it. Debt-free other than our home.

Congratulations!!!

Thanks so much! Now if I can only get my law school to stop asking me for donations.

turketron

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Re: Race from 500k to 1M!
« Reply #2207 on: March 01, 2021, 07:38:09 AM »
Thanks so much! Now if I can only get my law school to stop asking me for donations.

John Mulaney captures my thoughts pretty perfectly about colleges asking for donations: https://www.youtube.com/watch?v=aiqKK4ysI7g

hudsoncat

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Re: Race from 500k to 1M!
« Reply #2208 on: March 01, 2021, 08:41:22 AM »


Paid off the last of my student loans from law school. Feel great about it. Debt-free other than our home.

Congratulations!!!

Thanks so much! Now if I can only get my law school to stop asking me for donations.

My husband and I went to the same college. They alternate calling us EVERY WEEK. I get the first and third week of each month, he gets the second and fourth... Honestly, I had a good experience there, I'd being willing to chip in a bit to support scholarships for students. But the frequency of the calls that started the month I graduated and no amount of asking them to stop calling or stopping because we decline the calls has frustrated me enough that they likely will get no money. Ever.

Imustacheyouaquestion

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Re: Race from 500k to 1M!
« Reply #2209 on: March 01, 2021, 09:27:24 AM »

                       2020                20212022
January-$580,000-
February-$584,000-
March-$605,000-
April---
May---
June---
July---
August---
September$517,937.94--
October$511,000.00--
November$514,001.00--
December$567,000.00--

Holding some cash, looking for a next rental property.

3Mer

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Re: Race from 500k to 1M!
« Reply #2210 on: March 01, 2021, 10:32:33 AM »
Month End Update

Liquid assets / Net worth

Jan 2018  $415.5K / $508K
Jun 2018  $518.8K / $578.4K
Jul  2018  $528.3K / $588.2K
Aug 2018  $543K  / $603.2K
Sep 2018  $548K / $608.6K
Oct 2018   $492.6K / $569.5K
Nov 2018  $502K / $585.3K
Dec 2018  $476.8K / $554K
Jan 2019   $509.1K / $587K
Feb 2019   $534.2K / $612.6K
Mar 2019   $549K  / $627.8K
Apr 2019   $561.1K / $640.1K
May 2019  $533.5K / $612.9K
June 2019  $566K / $646K
July 2019   $569K / $649K
Aug 2019   $558.4K / $638.8K
Sept 2019  $569.6K / $650.3K
Oct 2019    $583.5K / $664.5K
Nov 2019   $602.3K / $683.7K
Dec 2019   $621.3K / $703.1K
June 2020  $641.8K / $722.8K
July 2020   $674.1K / $755.9K
Aug 2020   $715.5K / $798.1K
Sep 2020   $704K / $787.3K
Oct 2020   $698.3K / $782.2K
Nov 2020   $770.4K / $854.9K
Dec 2020   $804.3K / $889.2K
Jan 2021   $809.6K / $895K
Feb 2021   $829.7K / $915.7K

facepalm

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Re: Race from 500k to 1M!
« Reply #2211 on: March 01, 2021, 07:28:37 PM »
                         2017                2018                2019                2020               2021               2022               
January-318,100359,000465,145556,220-
February-321,800370,750467,380579,169-
March-313,540378,525418,695--
April255,900322,810391,005454,145--
May263,800328,600397,260472,320--
June268,100331,860407,265485,420--
July273,100340,250413,395502,730--
August276,800341,770413,070513,600--
September284,500348,465420,460511,466--
October292,100343,960429,655508,153--
November302,000347,470442,315537,343--
December309,500340,950447,950553,788--

turketron

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Re: Race from 500k to 1M!
« Reply #2212 on: March 02, 2021, 07:17:51 AM »
2015              2016              2017              2018              2019              2020              2021             
Jan141,251.00$193,414.19$283,829.36$359,505.30$546,089.75$762,355.51
Feb$135,573.00$200,758.63$304,851.88$397,087.41$557,258.06$780,137.13
Mar$138,331.39$211,677.78$303,796.17$428,309.57$522,077.78$815,764.71
Apr$98k$146,788.37$217,643.71$307,682.67$440,342.71$451,185.96
May$111k$149,149.52$225,773.04$315,634.59$456,285.80$510,875.92
Jun$112k
$161,205.21$232,222.09$337,046.55$441,047.77$551,923.37
Jul$113k$165,947.80$235,779.19$340,399.63$476,489.51$567,485.67
Aug$113k$176,198.00$244,461.55$363,304.76$486,559.27$601,161.19
Sept $116k
$178,840.37$247,101.69$385,572.12$483,967.28$653,037.25
Oct$184,372.64$256,365.91$392,296.56$490,200.54$639,398.62
Nov$120,330.91$181,625.28$266,140.14$370,000.25$501,003.17$637,260.06
Dec$138,810.56$187,972.57$279,806.93$386,361.40$531,904.82$723,586.82

Nick_Miller

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Re: Race from 500k to 1M!
« Reply #2213 on: March 02, 2021, 07:58:43 AM »
@turketron @hudsoncat I feel seen. And I totally lived like a Ninja Turtle during law school.

soulpatchmike

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Re: Race from 500k to 1M!
« Reply #2214 on: March 02, 2021, 09:07:27 AM »
Primary home equity and personal property not included.
Goals:
50/50 real estate to liquid equities and paying off all mortgages in the next 10 years. 
Move to $1MM to $2MM thread by 2023

Total Investable NW/Liquid
                                                       2021               
2001$133k/$14kJanuary$785k/$340k
2002$90k/$15kFebruary$803k/$349k
2003$142k/$15kMarch-
2004$271k/$16kApril-
2005$289k/$17kMay-
2006$275k/$18kJune-
2007$233k/$19kJuly-
2008$159k/$26kAugust-
2009$82k/$31kSeptember-
2010$46k/$45kOctober-
2011$-48k/$52kNovember-
2012$19k/$103kDecember-
2013$88k/$98k
2014$201k/$99k
2015$240k/$103k
2016$298k/$130k
2017$389k/$141k
2018$497k/$140k
2019$562k/$202k
2020$777k/$338k

fuzzy math

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Re: Race from 500k to 1M!
« Reply #2215 on: March 02, 2021, 09:47:29 AM »


Paid off the last of my student loans from law school. Feel great about it. Debt-free other than our home.

Congratulations!!!

Thanks so much! Now if I can only get my law school to stop asking me for donations.

What better way to flex your lawyer muscles than to send them a cease and desist letter??!

DarkandStormy

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Re: Race from 500k to 1M!
« Reply #2216 on: March 02, 2021, 09:48:01 AM »
Looks like I'm a new entrant to this thread.  Hello!

I keep track using Net Worth // Invested Assets (ignores cash and equity in house/car)

1/1/17 - $102,000 // $72,403
6/27/17 - created MMM forum account
3/1/19 - $268,584 // $154,100
1/1/21 - $500,317 // $346,651
2/1/21 - $513,258 // $355,473

Net Worth // Invested Asset
1/1/21 - $500,317 // $346,651
2/1/21 - $513,258 // $355,473
3/1/21 - $531,847 // $366,107

charis

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Re: Race from 500k to 1M!
« Reply #2217 on: March 02, 2021, 01:14:55 PM »
NW:
April 2017: 175k
April 2018: 333k
April 2019: 400k
February 2020: 515k
August 2020: 602k (415k invested/$50k cash)
December 2020: 669k (478k invested)
January 2021: 690k (507k invested)
March 2021: 716k (529k invested)

I tried to market time (ie take advantage of the sale) a little last week and ended up buying 2 days before the 3% dip 🙄

dandypandys

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Re: Race from 500k to 1M!
« Reply #2218 on: March 02, 2021, 04:35:34 PM »

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
March 1st  $499  I am glad I rebalanced the end of Jan, bought more bonds to maintain my IPS.
April 1st $455
May 1st $498.5 didn't check all month, so surprised at this.
June 1st $519.5
July 1st $534 yay back up again!
August 10 $547.5  Had to replace my car this month, paid in full of course and still up! :)
Sept 3rd  $577
Oct 1st: $558
Nov 1st:
Dec 5th: $615
Dec 29th: $624 UP 90.5k for 2020

2021
Mar 2nd: $665

Trifle

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Re: Race from 500k to 1M!
« Reply #2219 on: March 03, 2021, 02:59:22 AM »
Trifele, you will earn yourself a nice stiff drink if you do the table. It took me an embarrassingly long time to get mine converted but its nice now.

It's a deal @fuzzy math !

SAfAmBrit

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Re: Race from 500k to 1M!
« Reply #2220 on: March 03, 2021, 06:32:43 AM »
July 2016 - $257,306
August 2016 - $264,625
September 2016 - $270,695
October 2016 - $283528
November 2016 - $291396
December 2016 - $295603
January 2017 - $303,195
March 2017 - $333,323
April 2017 - $340,884
May 2017 - $346,568
June 2017 - $357,230
July 2017 - $365,912
August 2017 - $370,689
September 2017 - $380,412
October 2017 - $390,025
November 2017 - $400,070
December 2017 - $404,188
January 2018 - $419426
February 2018 - $423744
May 2019 - $623013
August 2019 - $681260
November 2020 - $856576
December 2020 - $887822
January 2021 - $906,532
February 2021 - $933655

caracarn

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Re: Race from 500k to 1M!
« Reply #2221 on: March 03, 2021, 06:45:59 AM »
                       2014                2015                2016                2017                2018                2019                2020                2021                2022               
January$-$292,190$304,411$437,806$581,831$615,789$767,806$941,921-
February$-$332,002$331,197$162,424$585,663$662,207$735,649$961,753-
March$-$332,209$331,749$481,340$583,773$683,014$683,851--
April$-$336,743$260,548$483,994$582,862$719,849$734,510--
May$256,131$338,884$373,153$483,982$585,929$701,938$760,661--
June$258,642$321,529$377,807$490,951$590,577$731,170$777,705--
July$276,381$320,767$414,764$503,706$601,024$721,753$819,352--
August$296,700$313,896$405,676$513,111$606,442$686,503$860,605--
September$290,244$301,079$422,204$525,158$610,690$698,968$868,597--
October$274,986$308,291$413,967$533,760$585,817$577,615$868,808--
November$282,762$308,558$419,572$549,074$595,773$620,036$910,235--
December$292,942$312,281$431,458$557,941$575,877$760,501$940,128--

Inching my way towards the break out point!  Up quite a bit these last 3 days but we will see what the month brings.  Still need over $25K to break into the two comma club.
« Last Edit: March 03, 2021, 06:59:46 AM by caracarn »

dandypandys

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Re: Race from 500k to 1M!
« Reply #2222 on: March 03, 2021, 05:26:04 PM »
                       2014                2015                2016                2017                2018                2019                2020                2021                2022               
January$-$292,190$304,411$437,806$581,831$615,789$767,806$941,921-
February$-$332,002$331,197$162,424$585,663$662,207$735,649$961,753-
March$-$332,209$331,749$481,340$583,773$683,014$683,851--
April$-$336,743$260,548$483,994$582,862$719,849$734,510--
May$256,131$338,884$373,153$483,982$585,929$701,938$760,661--
June$258,642$321,529$377,807$490,951$590,577$731,170$777,705--
July$276,381$320,767$414,764$503,706$601,024$721,753$819,352--
August$296,700$313,896$405,676$513,111$606,442$686,503$860,605--
September$290,244$301,079$422,204$525,158$610,690$698,968$868,597--
October$274,986$308,291$413,967$533,760$585,817$577,615$868,808--
November$282,762$308,558$419,572$549,074$595,773$620,036$910,235--
December$292,942$312,281$431,458$557,941$575,877$760,501$940,128--

Inching my way towards the break out point!  Up quite a bit these last 3 days but we will see what the month brings.  Still need over $25K to break into the two comma club.
I'd be almost peeing with excitement if we were that close :)

pamplemusique

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Re: Race from 500k to 1M!
« Reply #2223 on: March 04, 2021, 06:52:08 PM »
Liquid net worth on mint:
Apr ‘20: $528k
May ‘20: $539k
Jun ‘20: $593k
Jul ‘20: $598k
Aug ‘20: $631k
Sep ‘20: $621k
Oct ‘20: $638k
Nov ‘20: $671k

Checking in after bonus & RSU vesting!
Dec ‘20: $728k
Jan ‘21: $748k
Feb ‘21: $776k
Mar ‘21: $878k

Continuing the corporate slog as long as I can stand it is at least supported by the impact on my NW #s. As shitty as this pandemic year was in many ways, at least I took a big step towards eventually being able to tell my corporate overlords to stuff it when I FIRE.

use2betrix

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Re: Race from 500k to 1M!
« Reply #2224 on: March 04, 2021, 07:53:12 PM »
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 (crossed $250k)

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 (Crossed $500k)

Dec 1, 2019 - $518,285
Jan 1, 2020 - $544,655
Feb 1, 2020 - $573,474
Mar 1, 2020 - $557,410
Apr 1, 2020 - $494,414
May 1, 2020 - $572,376
June 1, 2020 - $618,048
July 1, 2020 - $600,510
Aug 1, 2020 - $659,872
Sep 1, 2020 - $704,682
Oct 1, 2020 - $696,932
Nov 1, 2020 - $694,944
Dec 1, 2020 - $782,831
Jan 1, 2021 - $823,189
Feb 1, 2021 - $846,277
Mar 1, 2021 - $891,092

Meh - good market gains that dropped significantly since. Hit $899k at one point but still haven’t crossed that $900k yet. Really hoping I can hit the $1MM this year.

Dr Kidstache

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Re: Race from 500k to 1M!
« Reply #2225 on: March 05, 2021, 08:27:32 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
Mar 5 2020: $619,455
Apr 5 2020: $525,283
May 5 2020: $587,254 
June 5 2020: $654,920
July 5 2020: $650,510
Aug 5 2020: $685,038
Sept 5 2020: $704,156
Oct 5 2020: $706,274
Nov 5 2020: $733,378
Dec 5 2020: $812,902
Jan 5 2021: $829,260
Feb 5 2021: $865,479

Mar 5 2021: $862,635 ($2,844

Jadzia37000

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Re: Race from 500k to 1M!
« Reply #2226 on: March 05, 2021, 10:16:23 AM »
November 11, 2020:  $527,000
December 11, 2020:  $607,796 (501,797 euros). This month's total is more accurate than last month's, because I actually did the euro conversions and the math with a calculator instead of just spitballing it.  I STILL don't have an answer from the government about how much taxes they want for 2019, but I don't think it's going to bust my butt back down under 500K DOLLARS.

Thanks to a previous mathematical error on my part, a good stock market (for now), the resolution of my tax situation, and clients paying before year-end, I've rocketed past 500K in both euros and dollars, so drum roll please:

January 4, 2020:  564,565 in euros/692,608 in dollars.

The dollar is just limping along and I'm keeping my fingers crossed for some improvement in 2021 but am not optimistic on that front.  Next stop 750K in dollars because that'll mean I'm halfway through this stage.  Will have to have a good year for that to happen.

I have officially made it to 750K in dollars.

March 5, 2021:  642,068 in euros/764,565 in dollars!  March will probably be a good month too.  Next stop 900K.

Icecreamarsenal

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Re: Race from 500k to 1M!
« Reply #2227 on: March 06, 2021, 06:14:26 AM »
@use2betrix @Dr Kidstache Alright you guys are on the most similar trajectory to me.  I'm following y'all/youse to keep myself accountable.

1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k

I wonder if smaller net worth brackets would work better (for me.)  Like, race from 1-1.1, 1.1-1.2 etc.  I'm going to make one if/when I graduate from this thread.

use2betrix

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Re: Race from 500k to 1M!
« Reply #2228 on: March 06, 2021, 08:25:38 AM »
@use2betrix @Dr Kidstache Alright you guys are on the most similar trajectory to me.  I'm following y'all/youse to keep myself accountable.

1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k

I wonder if smaller net worth brackets would work better (for me.)  Like, race from 1-1.1, 1.1-1.2 etc.  I'm going to make one if/when I graduate from this thread.

For most people with their net worth invested, the $100k jumps after $1MM will likely happen quick if they’re still working and have been accumulating rapidly.

The $500k-$1MM is a pretty big jump. While I’ll keep tracking and saving the same past $1MM, I won’t feel like I have a major “milestone goal” past a million. Simply “being a millionaire” is going to reap some sweet satisfaction.

ender

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Re: Race from 500k to 1M!
« Reply #2229 on: March 06, 2021, 08:33:31 AM »
For most people with their net worth invested, the $100k jumps after $1MM will likely happen quick if they’re still working and have been accumulating rapidly.

The $500k-$1MM is a pretty big jump. While I’ll keep tracking and saving the same past $1MM, I won’t feel like I have a major “milestone goal” past a million. Simply “being a millionaire” is going to reap some sweet satisfaction.

I track 12/24 month gains in my net worth spreadsheet.

For most of the last 5 years it's been about $100k/year gains year over year. If the market keeps going like it's been going that interval it's pretty crazy how fast things go up. But, the more you have invested, the more major market corrections impact things.

I was happy that even in last years dip our year over year net worth was a gain (but barely). A 30%+ drop in this year would make that pretty challenging to pull off indefinitely.

EastCoastBestCoast

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Re: Race from 500k to 1M!
« Reply #2230 on: March 06, 2021, 06:14:22 PM »
Date:  Investments / Net Worth

7/2016: 57,000 / 90,000
7/2017: 125,000 / 225,000
7/2018: 200,000 / 311,000
7/2019: 268,000 / 397,000
7/2020: 369,000 / 544,000
3/2021: 512,000 / 765,000

Excited to join the 500k invested club!  Looking forward to achieving 1mil faster than 500k!
« Last Edit: March 06, 2021, 06:17:23 PM by EastCoastBestCoast »

Trifle

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Re: Race from 500k to 1M!
« Reply #2231 on: March 07, 2021, 03:38:14 AM »
Date:  Investments / Net Worth

7/2016: 57,000 / 90,000
7/2017: 125,000 / 225,000
7/2018: 200,000 / 311,000
7/2019: 268,000 / 397,000
7/2020: 369,000 / 544,000
3/2021: 512,000 / 765,000

Excited to join the 500k invested club!  Looking forward to achieving 1mil faster than 500k!

Welcome @EastCoastBestCoast!  You're doing fantastic, especially for your age.  Out of curiosity, do you have a target number?

LostGirl

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Re: Race from 500k to 1M!
« Reply #2232 on: March 07, 2021, 09:26:02 AM »
I'm officially joining this club. My invested net worth is $850k or so, depending on market fluctuations. I'm recently divorced and that number is half of what it was last year when combined with my ex.

I'm not sure what my new number is based on all my life changes. I also know that I am probably sticking where I am until my youngest graduates from high school in 12 years. I've gone from planning to stop working as soon as possible to planning to work for another 13 years 😂. And it's all fabulous because I'm doing it on my terms.

Mazzinator

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Re: Race from 500k to 1M!
« Reply #2233 on: March 08, 2021, 09:21:38 AM »
Investments only. Stashing cash for our big life change/move. Husband will retire from active duty army in June/July this year and no future jobs yet😬

Dec 20 - $501
Jan 21 - $510
Feb 21- ???
March 21- $530

EastCoastBestCoast

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Re: Race from 500k to 1M!
« Reply #2234 on: March 08, 2021, 01:19:28 PM »
Date:  Investments / Net Worth

7/2016: 57,000 / 90,000
7/2017: 125,000 / 225,000
7/2018: 200,000 / 311,000
7/2019: 268,000 / 397,000
7/2020: 369,000 / 544,000
3/2021: 512,000 / 765,000

Excited to join the 500k invested club!  Looking forward to achieving 1mil faster than 500k!

Welcome @EastCoastBestCoast!  You're doing fantastic, especially for your age.  Out of curiosity, do you have a target number?

Thank you @Trifele for the welcome.  I do not have a number set at this time, still some big upcoming life changes to settle into before nailing down a number.  Next goal is 750k invested and a paid off mortgage, hoping to achieve both by 2025.  Will be revaluating at that point but until then, i'll be updating here periodically. 

Closer2theSKY

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Re: Race from 500k to 1M!
« Reply #2235 on: March 09, 2021, 05:51:44 AM »
Just arrived to this discussion, $515k on 3/1/2021, and looking forward to the acceleration everyone describes!

Trifle

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Re: Race from 500k to 1M!
« Reply #2236 on: March 09, 2021, 06:35:46 AM »
Welcome @LostGirl -- nice job rolling with the punches and staying the course. 

Welcome @Closer2theSKY -- Yeah this thread is quite the ride, where you can see your money start to work harder than you can.  Market drops can be quite gut-wrenching until you get used to it.  Seatbelt buckled? ;)

racquetcat

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Re: Race from 500k to 1M!
« Reply #2237 on: March 10, 2021, 11:04:11 AM »
Jumping in to watch the 'stache grow along with others! We hit the $500k mark in July of 2020 and are sitting at $626k as of January 2021. I only update the net worth quarterly because I don't want to get too excited or stressed by short term market fluctuations.

Question: How do you, or do you, include pensions in a net worth calculation? My DW is only 35, but could get full pension if she worked until 60 and reduced amounts for less service time. I read this article, but I'd be interested to see what others do.

https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/

dreadmoose

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Re: Race from 500k to 1M!
« Reply #2238 on: March 10, 2021, 12:07:37 PM »
Jumping in to watch the 'stache grow along with others! We hit the $500k mark in July of 2020 and are sitting at $626k as of January 2021. I only update the net worth quarterly because I don't want to get too excited or stressed by short term market fluctuations.

Question: How do you, or do you, include pensions in a net worth calculation? My DW is only 35, but could get full pension if she worked until 60 and reduced amounts for less service time. I read this article, but I'd be interested to see what others do.

https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/

I basically count "birds in the hand." So I'd take the pension I would get if I quit today and multiply the annual amount by 25 to include in my stash. If I quit today and got nothing that number would be a big goose-egg.

The basis of my FIRE journey is freedom from obligation, so anything that would decree how I live (staying at a golden handcuff job, etc) isn't included until it's real. I don't make decisions based purely on that basis but do on how close FIRE is.

Alternatively, I would probably figure out my fire date and then if I could calculate the exact pension if I quit that year I would use the same "formula" above. May be an iterative process there (if the number is big the fire date should be earlier).

racquetcat

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Re: Race from 500k to 1M!
« Reply #2239 on: March 10, 2021, 12:23:24 PM »
Jumping in to watch the 'stache grow along with others! We hit the $500k mark in July of 2020 and are sitting at $626k as of January 2021. I only update the net worth quarterly because I don't want to get too excited or stressed by short term market fluctuations.

Question: How do you, or do you, include pensions in a net worth calculation? My DW is only 35, but could get full pension if she worked until 60 and reduced amounts for less service time. I read this article, but I'd be interested to see what others do.

https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/

I basically count "birds in the hand." So I'd take the pension I would get if I quit today and multiply the annual amount by 25 to include in my stash. If I quit today and got nothing that number would be a big goose-egg.

The basis of my FIRE journey is freedom from obligation, so anything that would decree how I live (staying at a golden handcuff job, etc) isn't included until it's real. I don't make decisions based purely on that basis but do on how close FIRE is.

Alternatively, I would probably figure out my fire date and then if I could calculate the exact pension if I quit that year I would use the same "formula" above. May be an iterative process there (if the number is big the fire date should be earlier).

I like this approach. I wouldn't want my DW to feel obligated to work decades longer than needed just for the pension.

running to the pension website to update calculations

Erma

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Re: Race from 500k to 1M!
« Reply #2240 on: March 14, 2021, 07:39:53 AM »
Hello
We crossed the half million networth this March. It took 3.5 years to double it from 250000 CHF. We will see how fast we will reach a million. The total networth target is between 1.5 and 2 million CHF (including house).

Icecreamarsenal

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Re: Race from 500k to 1M!
« Reply #2241 on: March 14, 2021, 12:56:26 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k

The daily fluctuations are getting significant at this point.  5 figure swings.

racquetcat

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Re: Race from 500k to 1M!
« Reply #2242 on: March 14, 2021, 02:24:24 PM »
1/1/20: 491k
2/1/20: 525k
3/1/20: 538k
4/1/20: 477k
5/1/20: 444k
6/4/20: 595k
7/1/20: 596k
8/1/20: 639k
9/1/20: 655k
10/1/20: 692k
11/1/20: 687k
12/1/20: 793k
12/31/20: 813k
1/23/21: 864k
2/3/21: 883k
2/28/21: 893k
3/14/21: 924k

The daily fluctuations are getting significant at this point.  5 figure swings.

That's incredible growth over 1 and 1/4 years! You and I were about equal last summer and then you hit the turbo boost lol.

The markets have returned well over this time period, but can I ask how much you're contributing monthly? Your savings rate had gotta be fantastic, are there any other multipliers you've found to help you out?

bigote2032

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Re: Race from 500k to 1M!
« Reply #2243 on: March 15, 2021, 10:25:02 AM »
@racquetcat I also want to know the tricks @Icecreamarsenal is applying to his/her incredible money collection journey!!!  Same here, last summer I was around the same number as icecream and then he/she used the turbo button and left me behind :)

Congratulations @Icecreamarsenal, what an amazing run so far! You are an inspiration to many of us :)

Example: from 11/1/20 to 12/1/20 an increase of 106K!

Keep up the great work!

Trifle

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Re: Race from 500k to 1M!
« Reply #2244 on: March 15, 2021, 11:33:06 AM »
Hello
We crossed the half million networth this March. It took 3.5 years to double it from 250000 CHF. We will see how fast we will reach a million. The total networth target is between 1.5 and 2 million CHF (including house).

Welcome @Erma!  Is frugality popular in Switzerland?  A cousin of mine (Swiss) told me that she knew her husband was a keeper when they started dating, and she could tell "er wusste, was eine Rappe wert war."  :)

FIreSurfer

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Re: Race from 500k to 1M!
« Reply #2245 on: March 15, 2021, 01:11:26 PM »
05/01/2017:  $198,456
05/15/2017:  $200,404   
05/31/2017:  $207,044
06/15/2017:  $213,996
07/05/2017:  $219,933
07/17/2017:  $225,853
08/01/2017:  $228,504
08/24/2017:  $228,854
09/01/2017:  $237,500
09/19/2017:  $245,500
10/02/2017:  $251,933
11/07/2017:  $266,000
12/27/2017:  $280,000
01/12/2018:  $300,768
01/23/2018:  $305,566
11/27/2018:  $359,000
03/01/2019:  $400,283 *baby born, kinda lost track of everything.....
08/15/2020:  $612,831
01/01/2021:  $689,500
01/15/2021:  $705,137
02/01/2021:  $714,039
02/15/2021:  $747,215
03/15/2021:  $750,529 *that was quite a dip over the past month! Agreed that as the numbers get bigger, the swings get bigger! Waaaaay bigger!

Adding my voice to the chorus to ask @Icecreamarsenal 's tricks........and don't say bitcoin ..........!!

Icecreamarsenal

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Re: Race from 500k to 1M!
« Reply #2246 on: March 15, 2021, 01:21:08 PM »
@racquetcat I also want to know the tricks @Icecreamarsenal is applying to his/her incredible money collection journey!!!  Same here, last summer I was around the same number as icecream and then he/she used the turbo button and left me behind :)

Congratulations @Icecreamarsenal, what an amazing run so far! You are an inspiration to many of us :)

Example: from 11/1/20 to 12/1/20 an increase of 106K!

Keep up the great work!

Hey, thanks!  I had to do some digging to try and find out what I've been doing.  And the answer is...nothing special.  My average savings rate in '19 was 51% of net, '20 was 57%, and '21 to date is 72%. I auto-invest 8k/mo into vtsax.  I have a paid-off house that I don't count.
No bitcoin, and 5% individual stocks that I sell covered calls on.
Let's do this!

bigote2032

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Re: Race from 500k to 1M!
« Reply #2247 on: March 15, 2021, 01:48:33 PM »
@Icecreamarsenal, thanks for the information, that is great! I actually did double checked the increase from November to December and I now remember it was the largest  monthly gain since I have been investing for 13.9% of gains, so that explains a lot, I added a total of 83K.  Wondering if there would be a month this year close to that large amount of gains and/or we can even break that record!

No crypto here as well, 100% stock mainly VTSAX in taxable brokerage and similar index funds in Fidelity 401k.

You will make it this year (as long as there is not crazy collapse of the system) and I am sure racquetcat and me will join you in the next thread soon after that.  All the best!!!!!!!!!!
« Last Edit: March 15, 2021, 02:50:37 PM by bigote2032 »

skip207

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Re: Race from 500k to 1M!
« Reply #2248 on: March 15, 2021, 03:27:58 PM »
Think I missed a couple of updates

01/01/17 £374668
01/01/18 £497097
01/01/19 £547415
01/01/20 £649762
01/01/21 £788172
01/02/21 £802062
01/03/21 £816123



racquetcat

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Re: Race from 500k to 1M!
« Reply #2249 on: March 15, 2021, 04:51:33 PM »
@racquetcat I also want to know the tricks @Icecreamarsenal is applying to his/her incredible money collection journey!!!  Same here, last summer I was around the same number as icecream and then he/she used the turbo button and left me behind :)

Congratulations @Icecreamarsenal, what an amazing run so far! You are an inspiration to many of us :)

Example: from 11/1/20 to 12/1/20 an increase of 106K!

Keep up the great work!

Hey, thanks!  I had to do some digging to try and find out what I've been doing.  And the answer is...nothing special.  My average savings rate in '19 was 51% of net, '20 was 57%, and '21 to date is 72%. I auto-invest 8k/mo into vtsax.  I have a paid-off house that I don't count.
No bitcoin, and 5% individual stocks that I sell covered calls on.
Let's do this!

@Icecreamarsenal
That's a great savings rate and it's great to hear a success story where you're just saving and investing, it's simple, but it WORKS.....

And that is inspiring!!