American Money Trap

Thursday Rant: Frugalsaurus and the American Money Trap

August 6, 2014 by Mr. 1500 Days 48 Comments

Have you ever heard of an Indian monkey trap? It's a device with a hole barely large enough for a monkey to stick its hand in. You put a banana in the trap and the monkey reaches in to grab it. The monkey finds out that with its hand wrapped around the food, it can no longer remove it from the trap. The monkey is too stubborn or lacks the intelligence to let go of the food. … [Read more...] about Thursday Rant: Frugalsaurus and the American Money Trap

My goal was to build a portfolio of $1,000,000 by February of 2017; 1500 days from the birth of this blog (January 1, 2013). And hey look, I’ve since retired!

Investments only (primary home excluded)
1/1/13 (The Start): $586,043
1/1/14 (1 Yr Later): $869,635
1/1/15 (2 Yrs Later): $987,351
1/1/16 (3 Yrs Later): $1,057,961
1/1/17 (4 Yrs Later): $1,257,128
1/1/18 (5 Yrs Later): $1,527,701
1/1/19 (6 Yrs Later): $1,549,440
1/1/20 (7 Yrs Later): $2,035,040*
1/1/21 (8 Yrs Later): $3,379,746**
1/1/22 (9 Yrs Later): $4,762,642
1/1/23 (10 Yrs Later): $3,112,821

2023: Investments only
1/1: $3,112,821
2/1: $3,582,368

Overall
2023 investment gains: $469,547
Investment gains since 1/1/2013: $2,996,325
Net worth***: $3,812,368

* The big jump between 2019 and 2020 was partly because we bought another home, but kept the previous (much more expensive) one as a rental. We have since sold it.

** Tesla.

*** Includes our primary home equity in addition to our investment portfolio.

Finally, we still have about $290,000 in mortgage debt (which I love!). No regrets about the debts!