Comments on: “I crossed $1M in 2016, and then $2M in 2019!” https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/ Money | Minimalism | Mohawks Mon, 16 Mar 2020 10:26:20 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/#comment-296733 Tue, 10 Mar 2020 11:35:13 +0000 https://staging.eliteedgemoney.com/?p=62561#comment-296733 In reply to Adam.

I dump any extra cash I have back into it and then go for a nice long walk :)

Though it does still freak me out from time to time, like with yesterday’s huge drop… Hard not to pause for a sec when it’s down 2,000 in ONE DAY!

]]> By: J. Money https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/#comment-296732 Tue, 10 Mar 2020 11:28:00 +0000 https://staging.eliteedgemoney.com/?p=62561#comment-296732 In reply to Kate.

It’s a helluva one to reach – major props!

]]> By: Adam https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/#comment-296712 Mon, 09 Mar 2020 23:48:22 +0000 https://staging.eliteedgemoney.com/?p=62561#comment-296712 Wow, that’s awesome for both of you! I have to admit that some of it goes against the grain when compared to some of the standard advice I normally hear, but looks like the risk was worth the reward in this case. With today’s market changes it makes me wonder how things turned out or if the drop caused a lot of stress. Who knows, maybe he’s well diversified now. What do you do on days like today when the market tanks?

]]> By: David Folts https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/#comment-296703 Mon, 09 Mar 2020 21:47:24 +0000 https://staging.eliteedgemoney.com/?p=62561#comment-296703 Way to go: The power of focus, self discipline and hustle.

]]> By: Kate https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/#comment-296693 Mon, 09 Mar 2020 17:02:56 +0000 https://staging.eliteedgemoney.com/?p=62561#comment-296693 Inspired by this post I called my pension company and got an update on my account and that pushed me over! Hurrah! And yes, I do feel a bit different. Not planning on changing any spending habits or making any lifestyle changes… But I feel really happy to have hit a personal goal!

]]> By: J. Money https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/#comment-296688 Mon, 09 Mar 2020 13:28:53 +0000 https://staging.eliteedgemoney.com/?p=62561#comment-296688 In reply to Kate.

Nice!! You’ll have to let us know if it makes you feel any different or not :)

]]> By: Kate https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/#comment-296684 Mon, 09 Mar 2020 11:08:33 +0000 https://staging.eliteedgemoney.com/?p=62561#comment-296684 What a nice positive way to start the week! I just got my bonus paid and am *this close* to hitting the $1m mark! I’ll hit it next regular payday at the end of them month. Then it will drop down when I get my bathroom renovation done (been saving an planning for ages and am super excited!) but for a few months I’ll be in the club too!

]]> By: J. Money https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/#comment-296677 Mon, 09 Mar 2020 10:39:32 +0000 https://staging.eliteedgemoney.com/?p=62561#comment-296677 In reply to SWFL Financial Coaching.

And he’s only in his early 30s too! Both him and his wife!

That sucks about your colleague :( Def. good to have some barriers and know your risk tolerance… No way I’d have the balls to take it that far even if it was a sure bet!

]]> By: SWFL Financial Coaching https://eliteedgemoney.com/i-crossed-1m-in-2016-and-then-2m-in-2019/#comment-296676 Mon, 09 Mar 2020 10:33:29 +0000 https://staging.eliteedgemoney.com/?p=62561#comment-296676 I am glad it worked out for him, but taking out a loan to invest is risky. Let alone 9%! I remember working with a person back in late 1999 who mortgaged his house to buy his company’s stock. When the dotcom bubble burst, he lost everything, including his once paid for house.

It is impressive that his wealth doubled in about 3.5 years! I also like how he started with a regular income and worked his way up and saved a bunch.

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