The above two comma club lasted EXACTLY ONE DAY.
16 months later, I have rejoined it (let's see if I can hold it for longer this time)
The above two comma club lasted EXACTLY ONE DAY.
Yes, many of us hit our all time highs around 1/3/22, when you hit the two comma club for the first time.
Congratulations
Congratulations .GhostMang wrote: ↑Mon May 22, 2023 12:27 pm Were getting close the past couple months so ran the numbers yesterday and we are a two comma club household for the first time. Going to be watching the dance back and forth for awhile I'm sure.
Not important, changes nothing as far as lifestyle, but just fun to see the progress. Celebrated with a pizza.
Congratulations!BPnWhiskey wrote: ↑Mon May 22, 2023 1:18 pm Celebrating a good run for us.
A little over a decade ago, we had a net worth of roughly -50k (negative). Recently, retirement assets have hit ATH of >275k and debt is now <30k. If we include non-retirement assets (emergency fund, etc.) our NW is now over $250k, a move to the plus of 300k over this span of years. We are not high income. In addition, we’ve had kids go through good universities and launch successfully.
Thanks for letting me celebrate with a forum that has taught me so much! And special thanks to Mike Piper, through whose terrific blog (https://obliviousinvestor.com/) I found BH. I don't remember how I stumbled on his great content, but I sure am grateful.
Thank you!ruralavalon wrote: ↑Mon May 22, 2023 3:38 pmCongratulations .GhostMang wrote: ↑Mon May 22, 2023 12:27 pm Were getting close the past couple months so ran the numbers yesterday and we are a two comma club household for the first time. Going to be watching the dance back and forth for awhile I'm sure.
Not important, changes nothing as far as lifestyle, but just fun to see the progress. Celebrated with a pizza.
Household investments doubled and crossed $200k for the first time. Took a little less than 3 years.CarpeDiem22 wrote: ↑Thu Aug 06, 2020 12:34 pm Household investments just crossed $100k for the first time. I'm 33 and DW's 32. Since I belong to the third world, just for reference, this is equivalent to about $400k in the US in PPP terms. Most of this has been accumulated in last 3 years since I started reading Bogleheads. Thanks for all the wisdom, folks. No other forum on the internet compares to this.
That’s wonderful!CarpeDiem22 wrote: ↑Fri Jun 02, 2023 7:23 am
Household investments doubled and crossed $200k for the first time. Took a little less than 3 years.
CongratulationsCarpeDiem22 wrote: ↑Fri Jun 02, 2023 7:23 amHousehold investments doubled and crossed $200k for the first time. Took a little less than 3 years.CarpeDiem22 wrote: ↑Thu Aug 06, 2020 12:34 pm Household investments just crossed $100k for the first time. I'm 33 and DW's 32. Since I belong to the third world, just for reference, this is equivalent to about $400k in the US in PPP terms. Most of this has been accumulated in last 3 years since I started reading Bogleheads. Thanks for all the wisdom, folks. No other forum on the internet compares to this.
Very good.
Appreciate it. Just want to hit 500K as "half a million" has a nice ring to it
Congratulations! It was only in July 2021 that I reached that milestone, but in my late 40s not 30s like you(!), and I remember that it put a nice wide grin on my face. I don't have anyone to talk to about this so to have this thread was nice to have a little celebratory moment. Since then, my goal has also been to reach 1M in investments, which I think is the milestone that will feel more significant because I have no intention of selling my house, so including the equity felt to me like a bit of voodoo accounting. Last year put a bit of a wrench into getting there quickly, but such years are always part of the investing path, so I didn't feel too bad about it. That I saved so much that my NW never dipped below 1M again felt like an accomplishment in itself. Might reach the 1M in investments at the end of this year or next year or... We shall seedvvader wrote: ↑Mon Apr 17, 2023 1:28 pm Wife and I recently crossed over $1M net worth including home equity! I don't normally track home equity but thought we might be close to this milestone so checked it out, turns out we were! Both age 33, 4 kids, single (high) income. Feels good, but will feel really good when investment balances cross this threshold, hopefully in 2-3 years.
Thank you!Stinky wrote: ↑Fri Jun 02, 2023 8:04 amThat’s wonderful!CarpeDiem22 wrote: ↑Fri Jun 02, 2023 7:23 am
Household investments doubled and crossed $200k for the first time. Took a little less than 3 years.
Congratulations.
Thank you!ruralavalon wrote: ↑Fri Jun 02, 2023 9:13 amCongratulationsCarpeDiem22 wrote: ↑Fri Jun 02, 2023 7:23 amHousehold investments doubled and crossed $200k for the first time. Took a little less than 3 years.CarpeDiem22 wrote: ↑Thu Aug 06, 2020 12:34 pm Household investments just crossed $100k for the first time. I'm 33 and DW's 32. Since I belong to the third world, just for reference, this is equivalent to about $400k in the US in PPP terms. Most of this has been accumulated in last 3 years since I started reading Bogleheads. Thanks for all the wisdom, folks. No other forum on the internet compares to this.
Welcome to retirement.
Two "milestones" this past week.
Congratulations .mouth wrote: ↑Sat Jun 03, 2023 10:21 am . . . . .
Two "milestones" this past week.
- I've finally crossed the $200k line for salary!!! That plus bonus, military retirement, and VA payment puts me circa $300k+
- But even more important, after adjusting my portfolio for taxes (taxable, Roth, 401k/TSP) I have over $1M in my brokerage account !!!
I just got back from a 2 week vacation and the second one is REALLY weighing on me ... I just don't have to work anymore if I believe all the numbers. I'm over 40x full living and playing expenses (basically just removing savings and work lunches). Even if the market took a 50% haircut on equities I'd still be at 26x.
I'm having a really hard time restarting the "work-engine" and am starting to wonder if it's time to start my third act. I'm 50, play soccer, love dogs, used to hike a lot more before my post-military job took so much time away and am wondering what's next because while I have interests and hobbies and friends, I'd for sure need "something" to get my off the couch/out from behind the screen. Complicating factor, my SO can't retire yet.
Anyway, I'm not looking to turn this into a One-More-Year post but I needed a place to say the above "out loud" since there isn't really anyone else I can share it with. Least of all my fellow FIRE buddy who's just had a bit of a set-back in his plans with a layoff. Sort of messing with me head too. We also still haven't gotten the point of sharing numbers, just big picture plans, methods, overall progress.
Congratulations! Home equity is real and should be included in your net worth computation.billlumber1981 wrote: ↑Sat Jun 03, 2023 5:56 pm Well, I guess I am a millionaire at age 33 (including home equity).
Homes in my neighborhood are selling in the upper 500s, the county assessed value for property taxes is exactly 500k, and so if I be extra conservative and use a 450k selling price, subtract 6% realtor commission, then subtract what I owe on the mortgage, I come up with 95k home equity.
902k stocks
13k cash money market fund
95k home equity
1,010,000 net worth
I don’t normally like including home equity because it is so subjective, but I feel like this is such a conservative estimate that I think it’s safe to say I’m a millionaire by net worth. Though, I will feel more comfortable calling myself a millionaire once investable assets reach $1MM, which should hopefully be in the next year or so.
Yes, you are a millionaire. At age 33.billlumber1981 wrote: ↑Sat Jun 03, 2023 5:56 pm Well, I guess I am a millionaire at age 33 (including home equity).
Homes in my neighborhood are selling in the upper 500s, the county assessed value for property taxes is exactly 500k, and so if I be extra conservative and use a 450k selling price, subtract 6% realtor commission, then subtract what I owe on the mortgage, I come up with 95k home equity.
902k stocks
13k cash money market fund
95k home equity
1,010,000 net worth
I don’t normally like including home equity because it is so subjective, but I feel like this is such a conservative estimate that I think it’s safe to say I’m a millionaire by net worth. Though, I will feel more comfortable calling myself a millionaire once investable assets reach $1MM, which should hopefully be in the next year or so.
Thanks. I'd say I have a fair amount of non-work activities. I play soccer 3x a week, have a reasonable group of social friends (many from soccer), have a few other hobbies, like being handy around the house (always a project to be done when i find the time), etc. I get 30 days a year + 11 holidays; I typically lose like 5 days PTO a year mostly because my SO gets like half that. We usually take two 2-week vacations a year (Europe and beach) and maybe a pair of long weekends.ruralavalon wrote: ↑Sat Jun 03, 2023 10:28 amCongratulations .mouth wrote: ↑Sat Jun 03, 2023 10:21 am . . . . .
Two "milestones" this past week.
- I've finally crossed the $200k line for salary!!! That plus bonus, military retirement, and VA payment puts me circa $300k+
- But even more important, after adjusting my portfolio for taxes (taxable, Roth, 401k/TSP) I have over $1M in my brokerage account !!!
I just got back from a 2 week vacation and the second one is REALLY weighing on me ... I just don't have to work anymore if I believe all the numbers. I'm over 40x full living and playing expenses (basically just removing savings and work lunches). Even if the market took a 50% haircut on equities I'd still be at 26x.
I'm having a really hard time restarting the "work-engine" and am starting to wonder if it's time to start my third act. I'm 50, play soccer, love dogs, used to hike a lot more before my post-military job took so much time away and am wondering what's next because while I have interests and hobbies and friends, I'd for sure need "something" to get my off the couch/out from behind the screen. Complicating factor, my SO can't retire yet.
Anyway, I'm not looking to turn this into a One-More-Year post but I needed a place to say the above "out loud" since there isn't really anyone else I can share it with. Least of all my fellow FIRE buddy who's just had a bit of a set-back in his plans with a layoff. Sort of messing with me head too. We also still haven't gotten the point of sharing numbers, just big picture plans, methods, overall progress.
Do find some non-work activities to enhance your enjoyment of life. Do you use all the of your annual vacation allowance? Perhaps another vacation is in order, or adding a hobby.
I am much the same way, did not consider us "millionaires" until our portfolio hit 7-figures. Either way, absolutely smashing it. When I was 33, wife and I combined were worth maybe $250k and I could not even imagine ever hitting 7-figures; 9yrs later and we have hit the mark two times over. Stay the path for a handful of more years and you'll never have to worry about money ever again.billlumber1981 wrote: ↑Sat Jun 03, 2023 5:56 pm Well, I guess I am a millionaire at age 33 (including home equity).
Homes in my neighborhood are selling in the upper 500s, the county assessed value for property taxes is exactly 500k, and so if I be extra conservative and use a 450k selling price, subtract 6% realtor commission, then subtract what I owe on the mortgage, I come up with 95k home equity.
902k stocks
13k cash money market fund
95k home equity
1,010,000 net worth
I don’t normally like including home equity because it is so subjective, but I feel like this is such a conservative estimate that I think it’s safe to say I’m a millionaire by net worth. Though, I will feel more comfortable calling myself a millionaire once investable assets reach $1MM, which should hopefully be in the next year or so.
Congrats!!! Like other's have said, it counts. Not the least of which given not only how conservative you said you were, but how little of your NW is home equity anyway.billlumber1981 wrote: ↑Sat Jun 03, 2023 5:56 pm Well, I guess I am a millionaire at age 33 (including home equity).
Homes in my neighborhood are selling in the upper 500s, the county assessed value for property taxes is exactly 500k, and so if I be extra conservative and use a 450k selling price, subtract 6% realtor commission, then subtract what I owe on the mortgage, I come up with 95k home equity.
902k stocks
13k cash money market fund
95k home equity
1,010,000 net worth
I don’t normally like including home equity because it is so subjective, but I feel like this is such a conservative estimate that I think it’s safe to say I’m a millionaire by net worth. Though, I will feel more comfortable calling myself a millionaire once investable assets reach $1MM, which should hopefully be in the next year or so.
Congratulations on continuing maximum annual contributions to all tax-advantaged accounts plus another $30k annually , despite the volatility of the last few years.bugleheadd wrote: ↑Sun Jun 04, 2023 8:32 am 430k Jan 2020 right before covid crash, covid low of about 360k. Was on the cusp of reaching $1m year end 2021...around 900k, then hit low of 720k in q3 2022, now back up to 950k Friday. maxing out pretax 401k, trad or Roth, HSA every year past 8 years. Another 30k in mbr/taxable every year past 5 years. 99% holdings in us total stock or sp 500
bugleheadd wrote: ↑Sun Jun 04, 2023 8:32 am 430k Jan 2020 right before covid crash, covid low of about 360k. Was on the cusp of reaching $1m year end 2021...around 900k, then hit low of 720k in q3 2022, now back up to 950k Friday. maxing out pretax 401k, trad or Roth, HSA every year past 8 years. Another 30k in mbr/taxable every year past 5 years. 99% holdings in us total stock or sp 500
It sounds like you’ve stayed the course through a pretty rough patch. Kudos to you for doing that.bugleheadd wrote: ↑Sun Jun 04, 2023 8:32 am 430k Jan 2020 right before covid crash, covid low of about 360k. Was on the cusp of reaching $1m year end 2021...around 900k, then hit low of 720k in q3 2022, now back up to 950k Friday. maxing out pretax 401k, trad or Roth, HSA every year past 8 years. Another 30k in mbr/taxable every year past 5 years. 99% holdings in us total stock or sp 500
Congratulations , at age 34 two commas in either currency is worth a celebration.batman wrote: ↑Sun Jun 04, 2023 1:28 pm I hope it counts to say that I have hit the comma club?
At least in USD I did cross it this week! As European citizen, I have a little bit to go to hit the EUR two comma (60K).
I am now 34 and my annual contribution is ca. 50K.
I wonder what’s possible in the next 5 years!
Thanks! $1M in investments will feel really good! Can't wait to get there! Best of luck to you!JS-Elcano wrote: ↑Fri Jun 02, 2023 9:39 amCongratulations! It was only in July 2021 that I reached that milestone, but in my late 40s not 30s like you(!), and I remember that it put a nice wide grin on my face. I don't have anyone to talk to about this so to have this thread was nice to have a little celebratory moment. Since then, my goal has also been to reach 1M in investments, which I think is the milestone that will feel more significant because I have no intention of selling my house, so including the equity felt to me like a bit of voodoo accounting. Last year put a bit of a wrench into getting there quickly, but such years are always part of the investing path, so I didn't feel too bad about it. That I saved so much that my NW never dipped below 1M again felt like an accomplishment in itself. Might reach the 1M in investments at the end of this year or next year or... We shall seedvvader wrote: ↑Mon Apr 17, 2023 1:28 pm Wife and I recently crossed over $1M net worth including home equity! I don't normally track home equity but thought we might be close to this milestone so checked it out, turns out we were! Both age 33, 4 kids, single (high) income. Feels good, but will feel really good when investment balances cross this threshold, hopefully in 2-3 years.
Hey! A twin! Congrats!billlumber1981 wrote: ↑Sat Jun 03, 2023 5:56 pm Well, I guess I am a millionaire at age 33 (including home equity).
Homes in my neighborhood are selling in the upper 500s, the county assessed value for property taxes is exactly 500k, and so if I be extra conservative and use a 450k selling price, subtract 6% realtor commission, then subtract what I owe on the mortgage, I come up with 95k home equity.
902k stocks
13k cash money market fund
95k home equity
1,010,000 net worth
I don’t normally like including home equity because it is so subjective, but I feel like this is such a conservative estimate that I think it’s safe to say I’m a millionaire by net worth. Though, I will feel more comfortable calling myself a millionaire once investable assets reach $1MM, which should hopefully be in the next year or so.
That sounds absolutely excellent. Millionaires before age 40!supersharpie wrote: ↑Tue Jun 06, 2023 11:51 am My wife and I (both 39) have had a net worth, including home equity, north of $1,000,000 for about two years now.
Today I felt strongly compelled to check our investment balances for the first time in over a year.
Well, lo and behold, our investment balances topped $1,000,000 for the first time ever as of COB yesterday. The vast majority of this is in our 401k and Roth IRA accounts.
We just started taxable investing earlier this year, which at present only accounts for about 2% of our total balance. We have some work to do in that area, but it seems we are well on our way to our goal of FIRE by 50.
Congratulations on joining the 2 comma club .supersharpie wrote: ↑Tue Jun 06, 2023 11:51 am My wife and I (both 39) have had a net worth, including home equity, north of $1,000,000 for about two years now.
Today I felt strongly compelled to check our investment balances for the first time in over a year.
Well, lo and behold, our investment balances topped $1,000,000 for the first time ever as of COB yesterday. The vast majority of this is in our 401k and Roth IRA accounts.
We just started taxable investing earlier this year, which at present only accounts for about 2% of our total balance. We have some work to do in that area, but it seems we are well on our way to our goal of FIRE by 50.
ruralavalon wrote: ↑Tue Jun 06, 2023 1:52 pmCongratulations on joining the 2 comma club .supersharpie wrote: ↑Tue Jun 06, 2023 11:51 am My wife and I (both 39) have had a net worth, including home equity, north of $1,000,000 for about two years now.
Today I felt strongly compelled to check our investment balances for the first time in over a year.
Well, lo and behold, our investment balances topped $1,000,000 for the first time ever as of COB yesterday. The vast majority of this is in our 401k and Roth IRA accounts.
We just started taxable investing earlier this year, which at present only accounts for about 2% of our total balance. We have some work to do in that area, but it seems we are well on our way to our goal of FIRE by 50.
Keep it up.
What an inspiring story you have. Congratulations!INTJVirgo wrote: ↑Sat Jun 10, 2023 4:47 pm Hit the 2-comma club (net worth: investments $756K, conservative home equity $250K) today at age 48. This milestone still means a lot to me despite the comparatively lower value vs. years past. I come from very humble beginnings with an amazing single mom who was smart as a whip and taught me frugality and responsibility. Despite having an advanced degree, I only made 6 figures once I started my own business last year out of frustration with being underpaid and underappreciated throughout my career. I raised my daughter mostly as a single parent after a divorce when she was young. I put her through college with no debt; she has launched and is doing well. I drive an 18-year-old car and have been frugal all my life. Discovered Bogleheads about 6 years ago, which helped me clean up some of my plans to reach this day. So proud of my sacrifices and thankful that I can post here to celebrate a bit. I cannot safely share this news with anyone in my personal life. Next stop, paying off the mortgage (about 22K) and then (fingers crossed) onto 1 million in investable assets. Many thanks to this wonderful community!!
Nicely done and congratulations!INTJVirgo wrote: ↑Sat Jun 10, 2023 4:47 pm Hit the 2-comma club (net worth: investments $756K, conservative home equity $250K) today at age 48. This milestone still means a lot to me despite the comparatively lower value vs. years past. I come from very humble beginnings with an amazing single mom who was smart as a whip and taught me frugality and responsibility. Despite having an advanced degree, I only made 6 figures once I started my own business last year out of frustration with being underpaid and underappreciated throughout my career. I raised my daughter mostly as a single parent after a divorce when she was young. I put her through college with no debt; she has launched and is doing well. I drive an 18-year-old car and have been frugal all my life. Discovered Bogleheads about 6 years ago, which helped me clean up some of my plans to reach this day. So proud of my sacrifices and thankful that I can post here to celebrate a bit. I cannot safely share this news with anyone in my personal life. Next stop, paying off the mortgage (about 22K) and then (fingers crossed) onto 1 million in investable assets. Many thanks to this wonderful community!!
As someone with a similar story, a very heartfelt congratsINTJVirgo wrote: ↑Sat Jun 10, 2023 4:47 pm Hit the 2-comma club (net worth: investments $756K, conservative home equity $250K) today at age 48. This milestone still means a lot to me despite the comparatively lower value vs. years past. I come from very humble beginnings with an amazing single mom who was smart as a whip and taught me frugality and responsibility. Despite having an advanced degree, I only made 6 figures once I started my own business last year out of frustration with being underpaid and underappreciated throughout my career. I raised my daughter mostly as a single parent after a divorce when she was young. I put her through college with no debt; she has launched and is doing well. I drive an 18-year-old car and have been frugal all my life. Discovered Bogleheads about 6 years ago, which helped me clean up some of my plans to reach this day. So proud of my sacrifices and thankful that I can post here to celebrate a bit. I cannot safely share this news with anyone in my personal life. Next stop, paying off the mortgage (about 22K) and then (fingers crossed) onto 1 million in investable assets. Many thanks to this wonderful community!!
This is absolutely fantastic. In your post, I can see you have a determination and “grit” to succeed and thrive, which is every bit as impressive as the numbers of the balance sheet. And your numbers are great.INTJVirgo wrote: ↑Sat Jun 10, 2023 4:47 pm Hit the 2-comma club (net worth: investments $756K, conservative home equity $250K) today at age 48. This milestone still means a lot to me despite the comparatively lower value vs. years past. I come from very humble beginnings with an amazing single mom who was smart as a whip and taught me frugality and responsibility. Despite having an advanced degree, I only made 6 figures once I started my own business last year out of frustration with being underpaid and underappreciated throughout my career. I raised my daughter mostly as a single parent after a divorce when she was young. I put her through college with no debt; she has launched and is doing well. I drive an 18-year-old car and have been frugal all my life. Discovered Bogleheads about 6 years ago, which helped me clean up some of my plans to reach this day. So proud of my sacrifices and thankful that I can post here to celebrate a bit. I cannot safely share this news with anyone in my personal life. Next stop, paying off the mortgage (about 22K) and then (fingers crossed) onto 1 million in investable assets. Many thanks to this wonderful community!!
Congratulations on putting your daughter through college without debt, your frugal lifestyle, starting your own business, and a two comma net worth at age 48 :D .INTJVirgo wrote: ↑Sat Jun 10, 2023 4:47 pm Hit the 2-comma club (net worth: investments $756K, conservative home equity $250K) today at age 48. This milestone still means a lot to me despite the comparatively lower value vs. years past. I come from very humble beginnings with an amazing single mom who was smart as a whip and taught me frugality and responsibility. Despite having an advanced degree, I only made 6 figures once I started my own business last year out of frustration with being underpaid and underappreciated throughout my career. I raised my daughter mostly as a single parent after a divorce when she was young. I put her through college with no debt; she has launched and is doing well. I drive an 18-year-old car and have been frugal all my life. Discovered Bogleheads about 6 years ago, which helped me clean up some of my plans to reach this day. So proud of my sacrifices and thankful that I can post here to celebrate a bit. I cannot safely share this news with anyone in my personal life. Next stop, paying off the mortgage (about 22K) and then (fingers crossed) onto 1 million in investable assets. Many thanks to this wonderful community!!
And another.