Quote:

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it can open more doors than you can imagine.

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SockMcSock said:

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What type of company? How old is he?

Always levels to this **** haha

I think I have a great year and then I hear about people like that….

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SockMcSock said:

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30%+ return on what I had in market YTD and I'm guessing lot of other people the same - so maybe just going from ~$3 to $4 in portfolio.

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TXTransplant said:

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I'm another one who really appreciates this thread. 2022 and much of 2023 were rough on my retirement and investment accounts - to the point that I quit recording my progress (which I had done consistently for YEARS). I did spot-check, but I didn't put the totals in my spreadsheet because they were depressing.

But I never wavered with my saving, and even added mega backdoor Roth contributions this year, and things seem to finally be turning back around.

My personal investment account is finally back to what it was at the end of 2021. 401k, Roth, and HSA have grown because I kept contributing, and I've had some significant market gains the last few months.

2023 wasn't great for spending, but that's what happens when you put a kid in college. With scholarships and my dad paying the difference, he's on track to graduate debt-free (like I did), but he needed more money than just what he owed the school. Dad wasn't able to help like we expected, so it fell to me.

Single mom, one income (no divorce, so no divorce settlement), 45 years old, and I'm finally approaching $1.5, excluding home equity (I've been stalled around $1.3 for most of the last 2 years). Only debt is a mortgage.

Real estate transactions were never timed well enough to be able to make significant gains there, but I was fortunate to refinance to a super low interest rate 15 year mortgage that I'm half of the way through. Haven't had a car payment in over 3 years.

I have been more concerned about inflation this year (particularly groceries and insurance costs), and my property taxes are a losing battle, but I do feel very optimistic about the coming years.

I'm not one for resolutions, but I want to try to really cut back on personal spending this year. The older I get, the more I realize I just don't need more STUFF. I'm actually toying with the idea of no personal spending (other than necessities) for 2024 - I don't need more clothes, shoes, kitchen items, home decor, etc.

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TXTransplant said:

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TXTransplant said:

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I'm another one who really appreciates this thread. 2022 and much of 2023 were rough on my retirement and investment accounts - to the point that I quit recording my progress (which I had done consistently for YEARS). I did spot-check, but I didn't put the totals in my spreadsheet because they were depressing.

But I never wavered with my saving, and even added mega backdoor Roth contributions this year, and things seem to finally be turning back around.

My personal investment account is finally back to what it was at the end of 2021. 401k, Roth, and HSA have grown because I kept contributing, and I've had some significant market gains the last few months.

2023 wasn't great for spending, but that's what happens when you put a kid in college. With scholarships and my dad paying the difference, he's on track to graduate debt-free (like I did), but he needed more money than just what he owed the school. Dad wasn't able to help like we expected, so it fell to me.

Single mom, one income (no divorce, so no divorce settlement), 45 years old, and I'm finally approaching $1.5, excluding home equity (I've been stalled around $1.3 for most of the last 2 years). Only debt is a mortgage.

Real estate transactions were never timed well enough to be able to make significant gains there, but I was fortunate to refinance to a super low interest rate 15 year mortgage that I'm half of the way through. Haven't had a car payment in over 3 years.

I have been more concerned about inflation this year (particularly groceries and insurance costs), and my property taxes are a losing battle, but I do feel very optimistic about the coming years.

I'm not one for resolutions, but I want to try to really cut back on personal spending this year. The older I get, the more I realize I just don't need more STUFF. I'm actually toying with the idea of no personal spending (other than necessities) for 2024 - I don't need more clothes, shoes, kitchen items, home decor, etc.

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Bumping my own post because I can't believe it's been a year.

I'm closing in on $2MM (excluding home equity; over, if you include that). Over $1MM of that is tied up in tax deferred 401k/IRA accounts, and another $400k is a pension. So, my standard of living certainly doesn't reflect that.

But It's been a good year, despite some unexpected medical expenses. I also put my entire raise into my backdoor Roth, which I think I'm going to continue to do going forward. I don't need that extra money for my living expenses, so better to put it away rather than somewhere it can be spent.

And it does grow faster once you hit 7 figures!

Kiddo is still in school, still majoring in chemical engineering. That's the next stage - figure out if/how I might still assist him after graduation (he wants to go to law school). Not committed to anything, but there might be some short term sacrifices as part of some bigger family decisions.

As a tangent to this, parents are 73 and 72. One is in good health, the other is not. I'm definitely starting to feel the anticipation/dread of their next stages in life.

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Petrino1 said:

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TXTransplant said:

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TXTransplant said:

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I'm another one who really appreciates this thread. 2022 and much of 2023 were rough on my retirement and investment accounts - to the point that I quit recording my progress (which I had done consistently for YEARS). I did spot-check, but I didn't put the totals in my spreadsheet because they were depressing.

But I never wavered with my saving, and even added mega backdoor Roth contributions this year, and things seem to finally be turning back around.

My personal investment account is finally back to what it was at the end of 2021. 401k, Roth, and HSA have grown because I kept contributing, and I've had some significant market gains the last few months.

2023 wasn't great for spending, but that's what happens when you put a kid in college. With scholarships and my dad paying the difference, he's on track to graduate debt-free (like I did), but he needed more money than just what he owed the school. Dad wasn't able to help like we expected, so it fell to me.

Single mom, one income (no divorce, so no divorce settlement), 45 years old, and I'm finally approaching $1.5, excluding home equity (I've been stalled around $1.3 for most of the last 2 years). Only debt is a mortgage.

Real estate transactions were never timed well enough to be able to make significant gains there, but I was fortunate to refinance to a super low interest rate 15 year mortgage that I'm half of the way through. Haven't had a car payment in over 3 years.

I have been more concerned about inflation this year (particularly groceries and insurance costs), and my property taxes are a losing battle, but I do feel very optimistic about the coming years.

I'm not one for resolutions, but I want to try to really cut back on personal spending this year. The older I get, the more I realize I just don't need more STUFF. I'm actually toying with the idea of no personal spending (other than necessities) for 2024 - I don't need more clothes, shoes, kitchen items, home decor, etc.

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Bumping my own post because I can't believe it's been a year.

I'm closing in on $2MM (excluding home equity; over, if you include that). Over $1MM of that is tied up in tax deferred 401k/IRA accounts, and another $400k is a pension. So, my standard of living certainly doesn't reflect that.

But It's been a good year, despite some unexpected medical expenses. I also put my entire raise into my backdoor Roth, which I think I'm going to continue to do going forward. I don't need that extra money for my living expenses, so better to put it away rather than somewhere it can be spent.

And it does grow faster once you hit 7 figures!

Kiddo is still in school, still majoring in chemical engineering. That's the next stage - figure out if/how I might still assist him after graduation (he wants to go to law school). Not committed to anything, but there might be some short term sacrifices as part of some bigger family decisions.

As a tangent to this, parents are 73 and 72. One is in good health, the other is not. I'm definitely starting to feel the anticipation/dread of their next stages in life.

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Spot on. I posted about reaching the millionaire mark in October, and my net worth is up $61k two months later as of today. I think after $750k is when I noticed the net worth really start to take off, thats when I would see $7k-$10k gains in a single day. Im up around $200k since last year.

Here is to my second million coming a lot faster than the first, and congrats to you on reaching the $2MM mark!

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Pacifico said:

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The last thing you should do is pay a salesman to manage your money.

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