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Did my usual monthly household expense report today and realized I finally hit a personal net-worth milestone of... ONE Meeeeilion Dollars! Sure it took a massive stock market rally this year, but I finally broke the 7 figure mark. Of course if September is bad, I'll be poor again!
![[image loading]](http://i.imgur.com/DebyE6Nl.png)
Includes house equity, retirement accts, + assumption my civic is worth 3k (lol)
Breakdown:
![[image loading]](http://i.imgur.com/rWkBU8d.png)
I prolly need to diversify some more. Realized I own ~200k of AAPL. Doesn't bode well if the iWatch sucks.
I'm almost 33, one kid, in debt at 3.2%, and working at my 3rd job. (Red Lines are job changes).
As an added bonus: my grocery expenses for the last 4 years! Big dips when married (honeymoon) and Kid#1.
![[image loading]](http://i.imgur.com/b44rMLyl.png)
I remember I used to spend ~$100/month back during single life... when white castle microwave burgers used to be $2.. now they're almost $5!
 
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Congrats, millionaire. I became a ten-thousandaire over the summer 
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you started at 45k? damn.
I'm starting at 2k lol
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United Kingdom3685 Posts
Even the [brag blog] tag didn't prepare me for this. Welp, time to go drown my inadequacy in ice cream and flash games.
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On September 02 2013 07:44 jrkirby wrote:Congrats, millionaire. I became a ten-thousandaire over the summer
millionaire means multiple millions btw
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I'm still unsure on whether or not I should be more impressed by the achievement itself or by the fact you've kept track of all grocery expenses to the cent for at least 4 years o-o
Regardless, congratulations are in order!
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GJ! Maybe you'll have 10 Million some day 
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Your shit didn't actually tank too hard in 2007. Impressive.
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oh. nvm theres another word for it, multi milionaire lol
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I haven't decided if this carries over to blogs, but discussing ones' finances in public is considered in bad taste.
Alright, I've decided. This blog is definitely in bad taste.
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On September 02 2013 11:00 farvacola wrote:
I haven't decided if this carries over to blogs, but discussing ones' finances in public is considered in bad taste.
Alright, I've decided. This blog is definitely in bad taste.
Not a millionaire. ^^^^^^^^^^^^^^^^^
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[19:06] <farvacola> Farvacola says, "For someone with so much money, OP sure has a thin skin."
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Yea, compared to some of my college classmates, I'm the least successful. But I'm also super cheap - like cancelling mailed dvds on netflix to save $5! lol
On September 02 2013 08:07 Race is Terran wrote:
you started at 45k? damn.
I'm starting at 2k lol
2 years of paid tuition & stipend to get a masters + job signing bonus = no debt, nice starting egg!
On September 02 2013 09:59 HolyExlxF wrote:
Your shit didn't actually tank too hard in 2007. Impressive.
Heh yea, I switched jobs at the same time as the market crashed so I did get a semi-bump from cashing out almost 3 months of accrued vacation which helped mitigate the smash my 401k took. I superimposed the DJA with 18,000 max for reference: + Show Spoiler +
On September 02 2013 11:07 dAPhREAk wrote:
[19:06] <farvacola> Farvacola says, "For someone with so much money, OP sure has a thin skin."
Rather not have thread devolve, so I stop it before it starts. TL site provides the tools, may as well use them!
On September 02 2013 09:19 thezanursic wrote:GJ! Maybe you'll have 10 Million some day
Only way that will happen is if I get divorced then marry someone worth $20m and divorce her!
Protip for gaining wealth: Marry someone with bank!
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That's all theoretical value - how are your assumptions on liquidity costs?
Also... I've got this great investment idea... it would only take like, 50k. I've got some foreign dignitaries that keep pestering me to help them safeguard "significant funds".
On September 02 2013 11:01 DarkPlasmaBall wrote:Show nested quote +On September 02 2013 11:00 farvacola wrote:
I haven't decided if this carries over to blogs, but discussing ones' finances in public is considered in bad taste.
Alright, I've decided. This blog is definitely in bad taste. Not a millionaire. ^^^^^^^^^^^^^^^^^
We are the 99%.
Congrats to the OP, wish my life circumstances had gone that well. I'll be lucky if I hit one million in lifetime earnings before I'm 50.
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On September 02 2013 11:15 felisconcolori wrote:
That's all theoretical value - how are your assumptions on liquidity costs?
Also... I've got this great investment idea... it would only take like, 50k. I've got some foreign dignitaries that keep pestering me to help them safeguard "significant funds".
Liquidity isn't taken into account really. So technically having to pay taxes on the 401k value isn't calculated in the chart nor any cap. gains etc.
I have another chart that plots my "If I ,murder someone and can only hide the body for one month, how much money can I run to mexico with" value, which is significantly less with all the early withdrawal fees. But then again, that situation I don't really need to report capital gains now do I? :-D
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On September 02 2013 11:18 Burrfoot wrote:Show nested quote +On September 02 2013 11:15 felisconcolori wrote:
That's all theoretical value - how are your assumptions on liquidity costs?
Also... I've got this great investment idea... it would only take like, 50k. I've got some foreign dignitaries that keep pestering me to help them safeguard "significant funds". Liquidity isn't taken into account really. So technically having to pay taxes on the 401k value isn't calculated in the chart nor any cap. gains etc. I have another chart that plots my "If I ,murder someone and can only hide the body for one month, how much money can I run to mexico with" value, which is significantly less with all the early withdrawal fees. But then again, that situation I don't really need to report capital gains now do I? :-D
Having that money in a 401k can be a life saver, though. I was out of work for a year, the very small 401k I had from my previous employer meant I wasn't long term homeless. Yeah, the 30% hit on withdrawal penalty sucked, but if you have to do it, you have to do it. As for body disposal... psh. I can assure you there are ways to make discovery a non-issue for far less than that 30%.
+ Show Spoiler +Ummm. Theoretically. Of course.
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heh actually, to break the top 1% in the US, its somewhere upwards of 9m net worth now or $350k/year income. Values I'm not going to hit, likely ever.
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Isn`t this your household`s net worth? I assume your wife helped with this? I`m also astonished you kept these graphs going for so long and in such detail, it`s like you made accumulating wealth your hobby as well as your job.
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On September 02 2013 11:30 Burrfoot wrote:
heh actually, to break the top 1% in the US, its somewhere upwards of 9m net worth now or $350k/year income. Values I'm not going to hit, likely ever.
well, it's not for all of us, just the 1%ers. only 350k a year? well I guess that sounds about right, nothing below 300k though thats for sure
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On September 02 2013 11:00 farvacola wrote:
I haven't decided if this carries over to blogs, but discussing ones' finances in public is considered in bad taste.
Alright, I've decided. This blog is definitely in bad taste.
don't be such a wuss.
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On September 02 2013 11:32 Scarecrow wrote:
Isn`t this your household`s net worth? I assume your wife helped with this? I`m also astonished you kept these graphs going for so long and in such detail, it`s like you made accumulating wealth your hobby as well as your job.
Well, love doesn't take financial optimization into account, so the wife didn't enter the log with much debt or assets so even with the stern disapproval of my chinese mother in marrying someone with only a bachelors from a state university, I still wub her, and she loves me even when I yell at her when doing the monthly report along the lines of "Woman! the chase card is 5% cash back on gas stations this quarter, stop using the damn Capital One!"
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That farvacola guy is such an asshole sometimes....
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It's very interesting that you have all that data. It's something I wish I had on myself, but would never take the time to gather and maintain.
Cool, thanks
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what's your line of work, and when did you buy the house?
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On September 02 2013 12:25 MountainDewJunkie wrote:
That farvacola guy is such an asshole sometimes....
I thought you two were ABL bros :o
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On September 02 2013 11:00 farvacola wrote:
I haven't decided if this carries over to blogs, but discussing ones' finances in public is considered in bad taste.
Alright, I've decided. This blog is definitely in bad taste.
Word. One thing to brag about getting a girlfriend or some shit, but to brag about earning a million is pretty weak.
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On September 02 2013 14:37 Rollin wrote:Show nested quote +On September 02 2013 12:25 MountainDewJunkie wrote:
That farvacola guy is such an asshole sometimes.... I thought you two were ABL bros :o
Well, aren't we all assholes sometimes? Unless you're a saint (in general usage, not specifically religious), odds are you've been an asshole to someone at some point in your life. (Some more than others, granted.)
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I bet I'd be a millionaire too if I calculated it in Yen or something like that.
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I think the key here is the civic valued at 3k. Save and invest. GJ OP.
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Paper millionaire is step one so gj
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On September 02 2013 14:37 Rollin wrote:Show nested quote +On September 02 2013 12:25 MountainDewJunkie wrote:
That farvacola guy is such an asshole sometimes.... I thought you two were ABL bros :o
He's dead to me
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The fact you graphed everything is far more impressive than the million dollars actually.
Although it help shows the mindset required to make that million.
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On September 02 2013 14:36 ThunderGod wrote:
what's your line of work, and when did you buy the house?
I'm a simple engineer, worked for government contractor at first (top sekret) then worked for NASA for a few years before going back into research after the shuttle program got demoted to escape pod or whatever it is now, and went low-stress and just do simple research now. Mostly just sitting around all day trying to come up with something new. As for when the house was bought, it became #1 priority after the wedding and before the kid, which was a pretty good time since interest rates have only gone up. Who knows though, we needed the space!
On September 02 2013 20:10 DusTerr wrote:
I think the key here is the civic valued at 3k. Save and invest. GJ OP.
I got 4k for my old mid-90s Corolla when I traded it in to buy the Civic (new), hopefully I can get 4k out of the civic in 10 years!
On September 03 2013 03:06 KillerSOS wrote:
The fact you graphed everything is far more impressive than the million dollars actually.
Although it help shows the mindset required to make that million.
I haven't officially been diagnosed, but I wouldn't be surprised if I didn't have a slight form of OCD every once in a while. I even keep track of my amazon.com purchases, and as expected they spike during the holidays, but now that I use my work account to qualify for prime shipping, I've succumbed to subscribing to amazon toilet paper and water filters. With Chase's 5% cash back in 4Q 2013, means I will probably spend close to $1500 next quarter. -_-
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Do a graph of what your finances will look like after your son shames his genes and goes to Harvard to study art!
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On September 04 2013 08:10 QuanticHawk wrote:
Do a graph of what your finances will look like after your son shames his genes and goes to Harvard to study art!
like studying art at harvard is shameful
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I have a coworker that has 2 sons, one already in college and another just applying. One liked computer science and the other is a .... tuba player. I was asked to talk to the old computer science earlier about CMU and he ended up going there and is doing well; while the tuba player is playing the shit out of a $12k tuba with $500 wood mouth piece thingies apparently. He's probably going to go to some expensive music school at $55k/year and then barely scrape by in some city's symphony if he stays on course.
My coworker seems to talk way more about the tuba player. Probably since the comp-sci guy plays LoL 24/7.
As my son gets older and more "exploratory" (he's currently climbing on top of things like chairs, and then standing up on them to climb up onto tables/shelves) the wife's adamant wall of "THIS CHILD SHALL NEVER PLAY VIDEO GAMES LIKE HIS FATHER" is slowly crumbling to "I'll let this child do/watch/playwith whatever will keep him safe and quiet".
But yea, art. Screw art! That's a dead end worse than a tuba! Only art I support is MS paint.
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Really nice farming here. You sure had good management with your money. Only 2 buybacks this whole game, respect.
€dit: Hmmmm, Not sure if my post is appropriate ._.
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Congratulations! Are you planning any more kids?
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how do you invest (outside of your 401k)?
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On September 05 2013 11:23 ziggurat wrote:
Congratulations! Are you planning any more kids?
Maybe, just going to let the seed fly and hope it lands in the right place right time + Show Spoiler +
On September 05 2013 11:58 dAPhREAk wrote:
how do you invest (outside of your 401k)?
I had an etrade account opened for me back in 1997 with $1k for my birthday, then have a Bank of America account (merril lynch) because it had "free trades" offer.
The first stock I ever bought with the $1k was DELL. My brother had just gotten a new dell for his trip to college and I was amazed at how much faster, better, cooler, awesomer it was than our aging 486dx2 and decided if i was going to invest in something DELL was going to be it! I held onto dell for less than a year, and sold it when it had jumped almost 50% and decided, dang! stock investing is easy - lets try a cheap stock and make some real money. After reading some random websites, decided on a stock called HOMS - homestore.com which seems alright. One of the casualties of the bubble afterwards, but it performed great, more than doubling my stock value. After selling HOMS, I was already in college and really didnt think or care about the stock market and invested a few more times in Dell, MSFT, and ORCL. I think I sold Dell finally a few years later and still hold a few k of MSFT and ORCL to this day. So etrade was the first real nest egg I had.
I never paid taxes on any stock gains until after college so being a tax cheat helps!
edit: memory fail
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GrandInquisitor
New York City13113 Posts
How do you track your finances? I use Mint but would like it better if I could design my own graphs over time.
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On September 05 2013 19:36 Burrfoot wrote:Show nested quote +On September 05 2013 11:23 ziggurat wrote:
Congratulations! Are you planning any more kids? Maybe, just going to let the seed fly and hope it lands in the right place right time + Show Spoiler +Show nested quote +On September 05 2013 11:58 dAPhREAk wrote:
how do you invest (outside of your 401k)? I had an etrade account opened for me back in 1997 with $1k for my birthday, then have a Bank of America account (merril lynch) because it had "free trades" offer. The first stock I ever bought with the $1k was DELL. My brother had just gotten a new dell for his trip to college and I was amazed at how much faster, better, cooler, awesomer it was than our aging 486dx2 and decided if i was going to invest in something DELL was going to be it! I held onto dell for less than a year, and sold it when it had jumped almost 50% and decided, dang! stock investing is easy - lets try a cheap stock and make some real money. After reading some random websites, decided on a stock called HOMS - homestore.com which seems alright. One of the casualties of the bubble afterwards, but it performed great, more than doubling my stock value. After selling HOMS, I was already in college and really didnt think or care about the stock market and invested a few more times in Dell, MSFT, and ORCL. I think I sold Dell finally a few years later and still hold a few k of MSFT and ORCL to this day. So etrade was the first real nest egg I had. I never paid taxes on any stock gains until after college so being a tax cheat helps! edit: memory fail
your chart makes it look like you made $500-600,000 on stocks. you are saying that you made that with only a few stock purchases?
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On September 06 2013 05:25 dAPhREAk wrote:
your chart makes it look like you made $500-600,000 on stocks. you are saying that you made that with only a few stock purchases?
My anecdote was my stock experience before getting a job and any significant money - just playing with small potatoes before grad school. Back then I was more worried about the $15 trade order fee than anything. I think I graduated with ~$7k investment balance and was perfectly happy stuffing any extra money into a 5% + interest rate savings account or CD at the time. I only really started investing around 2005 when the interest rate dropped below 4% and all the extra cash I had lying about from being cheap and working overtime started to pile up. So every few months I'd invest 5, 10, 25k depending on how I felt about a stock - but only when I wasn't raiding in WoW.
On September 06 2013 05:22 GrandInquisitor wrote:
How do you track your finances? I use Mint but would like it better if I could design my own graphs over time.
I use excel only really. Just record my portfolio balance at the end of each month and hope I'm diversified. I think I tried a few ios apps, even mint, but none really caught my eye. Most of the stock portfolio apps didn't allow for holding multiple positions of the same stock or just took too long to setup. I only trade using limit buys/sells so never had a real need for the trading apps either.
So I just log the great majority of my financial life (expenses, taxes, audits, trips, maintenance, etc) into a giant excel file diary. Here is my diablo 3 excel diary for example: + Show Spoiler + I also use notepad to track all my passwords so I'm pretty set in my ways by now. If you want to design your own graphs over time, that just means you need a bunch of data. 30 minutes a month isn't too much for to spend I think; someday it may be useful.
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EPT
![[image loading]](http://i.imgur.com/p8RVqZQl.png)
![[image loading]](http://i.imgur.com/LekNwWLl.jpg)
