milestone reached!

[tripods68]

Nice congrats!

[rigz]

Nice to see an update that wasnt bumped from spam. Congrats!

thanks!

Congrats! That's some pretty solid growth, and the dollar figures will only get bigger even faster over time, especially as you keep adding to your savings. Compounding interest is a wonderful thing, as long as it's working for you.

We crossed the $1M line back in July, so if we manage to cross $2M around 5 years from now, I'd be thrilled! But we're enjoying a long-running bull market, which has assuredly helped us both, so who knows how long that party will last. But let's enjoy it while we can!

agreed. and yes this bull market has been quite nice.

That's fantastic!

You had mentioned originally that the $1 million included home equity which was about 20% of the total. How is that now? Did your investments grow a lot (probably) or your home value shoot up, or some of both?

its about the same (~20%). investments also did quite well. i know it wont last forever though.

Congratulations!!!! Was it the bull market or did your income increase? A million in 5.5 years is AMAZING!

the bull market definitely helped. our income went up some. I cant remember exactly how much it was then so im guessing it was in the low 200s. now its around 250.

[Scallywag]

Bumping an old thread...

5.5 years later we just passed 2 million!

woohoo!

Congratulations!!!! Was it the bull market or did your income increase? A million in 5.5 years is AMAZING!

[disneysteve]

Bumping an old thread...

5.5 years later we just passed 2 million!

woohoo!

That's fantastic!

You had mentioned originally that the $1 million included home equity which was about 20% of the total. How is that now? Did your investments grow a lot (probably) or your home value shoot up, or some of both?

[kork13]

Bumping an old thread...

5.5 years later we just passed 2 million!

woohoo!

Congrats! That's some pretty solid growth, and the dollar figures will only get bigger even faster over time, especially as you keep adding to your savings. Compounding interest is a wonderful thing, as long as it's working for you.

We crossed the $1M line back in July, so if we manage to cross $2M around 5 years from now, I'd be thrilled! But we're enjoying a long-running bull market, which has assuredly helped us both, so who knows how long that party will last. But let's enjoy it while we can!

[rennigade]

Nice to see an update that wasnt bumped from spam. Congrats!

[rigz]

Bumping an old thread...

5.5 years later we just passed 2 million!

woohoo!

[disneysteve]

For the last 2 years growth has exceeded income for me. I doubt I'll see that this year however, even though I am saving 40% annually. Oh well, you can't have crazy growth every year.

Yes, crazy high returns help a great deal. Several of our funds have been up 20 or 30%.

[bennkar]

All things being equal, I'll see this same thing happen in a few years.

The annual growth of our portfolio exceeds our annual income.

For the last 2 years growth has exceeded income for me. I doubt I'll see that this year however, even though I am saving 40% annually. Oh well, you can't have crazy growth every year.

[rigz]

thanks for all the positive comments!

Excellent work! Do you have a target number, where you will be comfortable scaling back the 'working hard?'

no number in mind as of yet. just going to continue working hard and saving what we can.

Very true. It very quickly gets to the point where the bulk of the growth each year comes from earnings and compounding as opposed to contributions like in the early years.

we are right around that and it feels good.

cant wait until our earnings/compounding exceed our salaries!

It feels wonderful to offer huge congratulations to a couple who are only 10 yrs in and hitting such an important milestone. Good on You!

Just like debt the snowball you'll soon discover your Net Worth figures will increase effectively in spite of gyrations in the market and days when you see a drop in figures because something happened somewhere in the world like Iraqi conflagration affecting gas prices. Perhaps you'd be willing to offer a brief outline of steps you've taken that would help others.

the steps are pretty simple for us: work hard and save as much as possible. we dont spend excessively so it definitely helps to speed things along. we make good money so that helps, even though we live in a HCOL area (orange county, socal).

always max out ROTH IRAs for both of us. always max out her TSP. any big purchases we research extensively. i wish i had a magical formula to give away but it wasnt like that. (of course the market last year was amazing so that helped)

thanks again for the help from this board. i read it a lot.

[TBH]

I'm nearing the half million mark (including home equity.) It feels great.

[snafu]

It feels wonderful to offer huge congratulations to a couple who are only 10 yrs in and hitting such an important milestone. Good on You!

Just like debt the snowball you'll soon discover your Net Worth figures will increase effectively in spite of gyrations in the market and days when you see a drop in figures because something happened somewhere in the world like Iraqi conflagration affecting gas prices. Perhaps you'd be willing to offer a brief outline of steps you've taken that would help others.

[bjl584]

The annual growth of our portfolio exceeds our annual income.

All things being equal, I'll see this same thing happen in a few years.

[disneysteve]

I'm starting to see a tipping point in my investments where this very thing is happening. The growth of my portfolio is starting to accelerate quite nicely.

The annual growth of our portfolio exceeds our annual income.

[bjl584]

Very true. It very quickly gets to the point where the bulk of the growth each year comes from earnings and compounding as opposed to contributions like in the early years.

I'm starting to see a tipping point in my investments where this very thing is happening. The growth of my portfolio is starting to accelerate quite nicely.