2 comma club (my way)!!

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Topic Author
Mrxyz
Posts: 744
Joined: Wed Feb 29, 2012 6:12 am

Re: 2 comma club (my way)!!

Post by Mrxyz »

Update:

Made it to 2M
His 475
Her 250
Taxable 1300

Does not include paid off home and cars, or kids 529 (3 kids but have only 110k)

Thanks to all!
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reriodan
Posts: 393
Joined: Fri Feb 12, 2016 10:08 am

Re: 2 comma club (my way)!!

Post by reriodan »

Mrxyz wrote: Thu Aug 31, 2017 7:46 pm Update:

Made it to 2M
His 475
Her 250
Taxable 1300

Does not include paid off home and cars, or kids 529 (3 kids but have only 110k)

Thanks to all!
You're welcome!
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whodidntante
Posts: 9792
Joined: Thu Jan 21, 2016 11:11 pm
Location: outside the echo chamber

Re: 2 comma club (my way)!!

Post by whodidntante »

Mrxyz wrote: Thu Aug 31, 2017 7:46 pm Update:

Made it to 2M
His 475
Her 250
Taxable 1300

Does not include paid off home and cars, or kids 529 (3 kids but have only 110k)

Thanks to all!
You should call in rich.
buckstar
Posts: 231
Joined: Wed Jul 06, 2011 9:38 am

Re: 2 comma club (my way)!!

Post by buckstar »

Mrxyz wrote: Fri Mar 06, 2015 6:20 am I am saving lots every year and hope to make it to 2 MIL in the next 5 to 7 years.
Very impressive that you did this in 2.5 years, not your estimated 5-7! Congratulations!!

Buckstar
Topic Author
Mrxyz
Posts: 744
Joined: Wed Feb 29, 2012 6:12 am

Re: 2 comma club (my way)!!

Post by Mrxyz »

Folks, I will not be in this financial status without this forum!! I am on this board more often than any other site except my work outlook. I read as much as I can and try to understand it all. Some things I do not understand like Cruncher's numbers or "should bonds be in taxable".......I understand others better like posts from Nisi, Ladygeek, retiredjg.......but it does not matter. I follow the 3 fund portfolio and am conservative. Also quite grateful to timing, lots of savings, luck, good health, family and all of you!

(I wanted to start with "honestly...........blah blah blah........"
But then the statement gets suspect that it is not honest!)
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3wood
Posts: 116
Joined: Sun Apr 28, 2013 8:21 pm

Re: 2 comma club (my way)!!

Post by 3wood »

Congrats. I am in a very similar situation you were in a couple of years ago. I am 46 and just got into the 2 comma club in investable assets earlier this year. Amazing that you made the next million in only 2 years. Can you share what you are saving per year and your asset allocation?
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randomizer
Posts: 1547
Joined: Sun Jul 06, 2014 3:46 pm

Re: 2 comma club (my way)!!

Post by randomizer »

Mrxyz wrote: Thu Aug 31, 2017 7:46 pm Update:

Made it to 2M
That sure was fast. Good times in the markets, certainly helps.
87.5:12.5, EM tilt — HODL the course!
Topic Author
Mrxyz
Posts: 744
Joined: Wed Feb 29, 2012 6:12 am

Re: 2 comma club (my way)!!

Post by Mrxyz »

3wood wrote: Thu Aug 31, 2017 8:48 pm Congrats. I am in a very similar situation you were in a couple of years ago. I am 46 and just got into the 2 comma club in investable assets earlier this year. Amazing that you made the next million in only 2 years. Can you share what you are saving per year and your asset allocation?
My AA is around 65:35. I re balance once a year by buying more of what is less.
I am saving a lot, the numbers below are not perfect but they give the trend;

In taxable alone

Year total taxable + additional saving/year

2015 = 620 = +240
2016 = 800 = +180
2017 = +200

And do backdoor roth of 11 k /year plus IRA and def. compensation of around 37k/year - don't remember exact amounts as its done automatically.
The only thing I have not done is to automate my taxable investments. I need to set a floor by doing twice monthly taxable investments into vanguard.

FWIW, I even chased bonuses and will get around $1800 this year and $2000 next year.
Not sure if I want to keep doing this - daily fluctuations in taxable account are much larger than $2k!.....but good experience in tracking the bonuses.
MrJones
Posts: 445
Joined: Sat Mar 18, 2017 2:23 am

Re: 2 comma club (my way)!!

Post by MrJones »

If you don't mind, are you salaried, consulting, or a business owner? And if you really feel like sharing, what general field are you in? Please feel free to ignore these questions.

Congrats!
JGoneRiding
Posts: 1973
Joined: Tue Jul 15, 2014 3:26 pm

Re: 2 comma club (my way)!!

Post by JGoneRiding »

randomizer wrote: Thu Aug 31, 2017 8:57 pm
Mrxyz wrote: Thu Aug 31, 2017 7:46 pm Update:

Made it to 2M
That sure was fast. Good times in the markets, certainly helps.
That was really fast! Can you share how much you think is market returns and how much is new money??? They aren't kidding apparently when they say the second is easier!
p0nyboy
Posts: 102
Joined: Wed Aug 30, 2017 1:37 pm

Re: 2 comma club (my way)!!

Post by p0nyboy »

This sounds great but not enough info is provided.

Age, salary, expenses, etc. If op and wife are making a combined $400k...not so impressive. If they're making a combined $150k...impressive. Just sayin.
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