Unlike the time I became a liquid asset millionaire, I’ve known that August 15 2025 would be a milestone day for quite some time. With the current market, and especially Tech sector turbulence, I didn’t think this would be a sure thing. But the positive market conditions held, despite a 20% drop in my own company stock, and on August 15th, for the first time, my net worth crossed two million dollars.
By the strictest definition of the term, that makes me a multimillionaire!
Since more that 2/3 of my net worth is in equities, I’m now seeing big shifts in net worth month to month. Of course this cuts both ways, and much like the first time my net worth reach one million, I expect to see it oscillate above and below this metric for a few months now.
So where does this put me today? I’m exactly halfway to my FI goal with 3.5 years to get there. According to the compound interest calculators I’ve tested with, this puts me right on track. I’ll have to keep aggressively saving to do it, but having a significant portfolio doing most of the heavy lifting now is a massive help.
With a 2.625% interest mortgage and about 10 years to go I’m no longer in any rush to pay off the remaining balance on the house. I already have nearly 75% equity and that makes up 1/3 of my net worth. I know we could pay the house off if we needed to reduce expenses, but I’m not in any rush to have nearly a million dollars tied up in home equity. Our mortgage interest last year was more than I’d like to spend on mortgage interest (I’d like to spend $0), but not something I’m going to get bent out of shape about.
I really want to celebrate this, but I’ve been unable to change my situation at work, and every day we wait for bad news. Although I know I could survive a stint out of work, I would very much prefer to ride my current employment out for the next three years when I’d be able to search for a new job from a state of financial independence. I’m making it a point to focus on getting a better role at my company by the end of the year if I can.
In my personal life, it’s wild to say it, but nothing changed. I’m still the same person with the same responsibilities. I still drag the garbage to the curb twice a week, pull the occasional frog or mouse out of the pool skimmers, order takeout from the same restaurants on Friday’s, and spend the majority of my free time yelling at or being yelled at by my kids.
To mark the occasion, as I’ve done for other milestones, I bought a watch. In this case I found a great deal for a Seiko 5 GMT “Batman” Edition for under $300. This is probably the last Seiko automatic I’ll buy for a while, but will most likely be my everyday watch going forward. The next milestone will hopefully be $2M liquid. When that happens, I can promise I’ll be marking the occasion with a much more exciting watch that I’ll care for until my boys are old enough!
Freed by 50 