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Old 07-29-2021, 09:42 PM   #321
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Originally Posted by novaman View Post
Over the weekend my net worth went into 8 figures for the first time. I never imagined that I would be this wealthy.
Congratulations and +1
Noticed this on 6/30 when I did my quarterly analysis.

Cheers,
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Old 07-31-2021, 06:31 PM   #322
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Our net worth reached 1 million!!!!
I cannot share this anywhere else but here.
When I joined this group in my 20's, I really
doubted the magic of compound interest, but not anymore!
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Old 07-31-2021, 06:33 PM   #323
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Yeah, it sorta creeps up on you in a very good way -
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Old 07-31-2021, 06:35 PM   #324
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Originally Posted by citrine View Post
Our net worth reached 1 million!!!!
I cannot share this anywhere else but here.
When I joined this group in my 20's, I really
doubted the magic of compound interest, but not anymore!
Best place to share it with are internet strangers. Who would have thunk it. LOL.

Congrats. On to the next million.
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Old 08-01-2021, 04:19 AM   #325
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Just hit our 4 year anniversary of retirement.
Everything is going great overall. Would have retired sooner than 57 y.o. if I discovered this site earlier.
Nevertheless, overall health and investments are good and everything else just falls into place.
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Old 08-01-2021, 06:45 AM   #326
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Our plan was semi retirement and it’s been one year as of July 8 for me, three years for DW. We seem to drink coffee until around 11 a.m. then head off to spend the afternoons earning the dough our plan calls for doing our enjoyable, work from home, work when we want to, no boss or employees, activities. Then I start making dinner around 5:30. Life is good and is just what we built intentionally!
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Old 08-01-2021, 08:52 AM   #327
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Last Friday our Vanguard account(s) total hit 7 figures for the first time.
So for one day we were Flagship™ clients instead of Voyager Select™ clients.
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Old 08-05-2021, 12:52 PM   #328
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Finally, today (Aug. 5, 2021), Liquid Investments (before & after tax) surpassed the $1 Million mark for the first first time. This excludes the house, cars, and all other material stuff.
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Old 08-05-2021, 01:31 PM   #329
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Finally, today (Aug. 5, 2021), Liquid Investments (before & after tax) surpassed the $1 Million mark for the first first time. This excludes the house, cars, and all other material stuff.
Congratulations!
Feels great, doesn't it?
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Old 08-05-2021, 03:31 PM   #330
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Finally, today (Aug. 5, 2021), Liquid Investments (before & after tax) surpassed the $1 Million mark for the first first time. This excludes the house, cars, and all other material stuff.
Nice! Congratulations!
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Old 08-05-2021, 05:13 PM   #331
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Our net worth excluding house equity finally crossed $1M last week at age 33. Took about 8 combined years of work between wife and I. Hopefully the next million won’t take nearly as long. Let’s see if this compounding interest magic works as well as they say
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Old 08-05-2021, 05:53 PM   #332
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Congratulations!
Feels great, doesn't it?
Yes, it just came and realized it
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Old 08-05-2021, 07:22 PM   #333
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To us, its not something that we will ever touch (meaning sell or borrow against.) For now, we will live in in at least another 30 years if not forever. Since we will never put our house up as collateral, our home will never pay our bills, it'll never feed us or pay for vacations. Our investments will.

For retirement planning, including our house in our NW is meaningless. We are only interested in knowing how much our funds that we plan on living off of are worth. Since our home does not generate $$, its not included.

I know including home is a touchy subject. Different strokes for different folks. In my eyes, it pads people's numbers. If our house generated income, we would include it. If we had rentals, they would also be included.
I don’t include our house when I am thinking of investable money. I would include it in a description of our net worth. Much depends on the context and the question. If the question is a pure accounting issue, then of course it needs to be included if you are using the definition of assets minus liabilities. Then of course you are using a lot of items likes cars, bikes, refrigerators, etc. that would add to your net worth but not be something you can invest in the usual sense.

So, if the question is what do you have that you can invest FREEE of any liabilities (such as a mortgage or other loan), then one does not include home equity.

But let’s say one rents and does not own. One does not have a house asset except insofar as one has a leasehold right. Would you, on your terminology, deduct anything for that person? If not, why not? The renter is not similarly situated to a homeowner who cannot earn income on his/her home. Would you deduct from net worth for the net present value of the expected stream of rent payments?

I am not trying to provoke in the least. The question is really simply one of terminology in the end. The term “net worth” is a poor one to describe liquid monetary assets available to invest, or income producing assets.

I do think that when HNW, VHNW and UHNW terms are defined, they speak to liquid investable assets or assets held for investment that are not art, cars, furniture,planes, etc. E.g. I think only real estate held for investment probably qualifies, in addition to cash, stocks, bonds, etc.
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Old 08-05-2021, 07:32 PM   #334
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Thought I'd tell a bunch of faceless folks on the internet that we paid off our mortgage today.

We had a 30 yr loan at 6% which we refinanced after 6 years to a 15 yr - 3.25% in 2012. We had been paying it down gradually but did so with vigor this past year or so. The last straw was that Navy Fed was late pulling out my payment on Jul 1. With only $17k owed ...... (BOOM)!

Nice to be entirely debt free. Now if only my wife would give a firm date to stop working.
congrats on that one, it is a very cool thing to see no balance owed on the home.
She will get there.
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Old 08-09-2021, 10:03 AM   #335
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My annual dividends exceed my annual withdrawals!
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Old 08-11-2021, 12:30 PM   #336
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My annual dividends exceed my annual withdrawals!
That must be a fantastic feeling !


For myself, I realized today that I may have as few as 100 working days left before my part time ER becomes full time.

100 working days on the wall (calendar), 100 working days.
Waste today dealing with imbeciles..
99 working days left on the wall (calendar)
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Old 08-11-2021, 12:42 PM   #337
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My annual dividends exceed my annual withdrawals!
Wow, that must feel great. Congrats to you!!
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Old 08-11-2021, 04:39 PM   #338
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Hit $2MM invested assets today. $1MM was May of 2014, so a bit over 7 years. And that in spite of liquidating about $300K to start our business last year. I'll take it! Thanks Mr. Market!
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Old 08-11-2021, 05:23 PM   #339
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All in index funds to reach $1M to $2M?
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Old 08-11-2021, 05:56 PM   #340
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All in index funds to reach $1M to $2M?
Probably plastics bitcoin.
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