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Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:06 am
by hightower
I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!

Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long! :sharebeer :sharebeer :D

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:22 am
by livesoft
Let me add my Woo hoo! to yours. Congrats!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:24 am
by JeepDaze
Great job!!!!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:26 am
by Broken Man 1999
Congrats!

Even the longest journey starts out with a few steps. Stay focused, but don't forget to stop along the way and smell the roses.

Broken Man 1999

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:31 am
by onthecusp
Well done!! :D

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:34 am
by Watty
Congratulations! :sharebeer

I don't know where the official line is but it would be fair to say that you have also gone from the "low six figures" to "mid six figures" when talking about your net worth.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:36 am
by FrugalProfessor
Congrats!!!!!!! I'm in a similar situation to you. Late bloomer. 12 years of college dampens the savings rate.

The good news is that once you have good systems in place, each additional $100k becomes substantially easier.

I'm sure you're already doing this, but max out every tax advantaged account available to you. I max out 401a/457/403b/Backdoor Roth/HSA/529. In taxable, buy and hold index funds and occasionally tax loss harvest.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:39 am
by DC3509
Congrats. I am in the same boat -- didn't really get serious about this until early to mid 30s, but it is nice to see things growing now and great to hear other success stories!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:46 am
by Longdog
I'm sorry, but I can only give you 25% of a hearty congratulations! :wink:

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:48 am
by rustymutt
And you're going to need way more than that to live it up, without outliving your income. Keep up the great savings! :sharebeer

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 11:28 am
by hightower
Thanks everyone! I appreciate it!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 11:38 am
by NateH
Congrats! :beer
I was in your spot in ~ 2010. Now, knocking at the door of 6-zeros club.
stay the course, hightower!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 12:35 pm
by student
Congratulations. This is substantially more than what I had at 34.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 12:38 pm
by Billionaire
Congrats from Billionaire. Hehe.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 1:59 pm
by chicagoan23
hightower wrote:
Wed Sep 13, 2017 9:06 am
I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!

Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long! :sharebeer :sharebeer :D
Congrats! The milestones will start to add up quickly from here. In 2009 when I was 34 I was very similar to you--I had a portfolio of just under $300k and a net worth in the $420k range. Today, eight years later, each of those numbers has increased by more than 4x. Keep it going!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 6:28 pm
by blueblock
When I was your age, I had a negative net worth. Now I'm retired and living large, so feel good about your milestone.

Make sure to smell the roses along the way.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 7:22 pm
by DrGoogle2017
Congrats! I just did a tax return for a couple in their early 30s. I don't think they come even close to your amount. IRA contribution last year was $5000 for a couple.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 7:45 pm
by gwe67
Keep up the great work!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 7:56 pm
by slowbutsteady
Congratulations! Don't forget what got you across this first milestone. Keep at it and you will cross many more quarters in due course.

We will be here to celebrate and cheer you on.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 7:57 pm
by Mlm
Very, very, very well done ! Stay the course through thick and thin :sharebeer

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 9:32 pm
by forkhorn
I thought maybe you had amassed a million dollars in quarters.... :happy

Seriously though, congratulations. :sharebeer

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 10:01 pm
by Mrxyz
Congratulations !
And thanks for sharing your story!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Wed Sep 13, 2017 10:50 pm
by stemikger
student wrote:
Wed Sep 13, 2017 12:35 pm
Congratulations. This is substantially more than what I had at 34.
Me too! Congratulations!# :beer

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 6:51 am
by djpeteski
It is not where you are, nor where you started that matters. It is where you are heading.

Your milestone is indicative of your trajectory: up, up, up!

Congratulations and keep up the good work!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 6:56 am
by GoldenFinch
"Quarter Millionaire." I like that! Sounds kind of like a royal title. :happy

Congrats!

(Actually, you have a million quarters!)

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 7:19 am
by Top99%
Congratulations and I think $250K is actually a harder milestone to reach than $1m. Now that you have demonstrated good saving and investing habits $1m should arrive pretty quickly. :sharebeer

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 7:52 am
by lostdog
Congratulations! $500k will happen happen before you know it. Stay the course through thick and thin.
:sharebeer

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 7:58 am
by bubbadog
Congrats!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 10:07 am
by wfrobinette
hightower wrote:
Wed Sep 13, 2017 9:06 am
I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!

Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long! :sharebeer :sharebeer :D
Great job! I'm working toward the 500k in investments mark. Depending on the market that could be just 2 years away or 10 or more. Keep plowing it in.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 10:55 am
by RhoRho

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 2:44 pm
by Dude5568
hightower wrote:
Wed Sep 13, 2017 9:06 am
I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!

Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long! :sharebeer :sharebeer :D
Congratulations ..!!

In a pleasant coincidence , I myself have reached this milestone of 250 k in Investable assets today ..!!.

Mine are a combination of a brokerage account with Vanguard , me and my wife's 401k accounts with Fidelity plus cash in a Money Market account. I'm about your age also ( turned 32 this past Monday ). Total net worth about 315-320 k. No debt whatsoever. We don't own a home yet and rent.

BTW , check out this report from Phoenix wealth management .
http://phoenixmi.com/wp-content/uploads ... anking.pdf

Having over 250 k in IA makes you richer than over 80 percent ( 98.8 out of 121 million ) of American Households as of 2015. Not bad for someone in their early 30s. :sharebeer

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 2:45 pm
by clutchied
hightower wrote:
Wed Sep 13, 2017 9:06 am
I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!

Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long! :sharebeer :sharebeer :D
Yeah! We crossed that earlier this year.

Our NW is closer to $750k due to other investments but we're maxing everything we can at this point that is tax deferred w/o going to taxable.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 3:52 pm
by Meg77
GoldenFinch wrote:
Thu Sep 14, 2017 6:56 am
"Quarter Millionaire." I like that! Sounds kind of like a royal title. :happy

Congrats!

(Actually, you have a million quarters!)
I love this! Haha - a million quarters. What a fun way to look at it.

A million pennies - $10,000
A million nickels - $50,000
A million dimes - $100,000
A million quarters - $250,000
A million dollars - $1,000,000
A million $5 bills - $5,000,000
A million $20 bills - $20,000,000
A million $100 bills - $100,000,000

There are always more milestones! :mrgreen: :moneybag

Of course the more important things are the habits and procedures that make achieving them possible.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 8:38 pm
by wander
Congrats! Yours is better than when I was at your age.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 8:41 pm
by abuss368
Congrats and press on!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 8:45 pm
by Shackal
Congrats! Remarkable!

As an aside and purely out of interest - how do you count your IA I case where you have a home that is being temporarily rented? Feels a little strange to count it as investment since at any time, you might want to move back into it and then it would be off that amount.

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 10:43 pm
by Sandtrap
Congratulations!
:sharebeer

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Thu Sep 14, 2017 11:18 pm
by Raymond
Outstanding! :sharebeer

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Fri Sep 15, 2017 12:26 am
by pamplemousse
congratulations!!!!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Fri Sep 15, 2017 1:42 am
by slow n steady
Congrats! We hit a similar milestone this week. I was checking our net worth almost every day for a week. Woo Hoo for everyone! :moneybag :D :moneybag

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Fri Sep 15, 2017 6:19 am
by VAslim16
Congrats. I am 38 right now and hope to be there in two years. Well done doing it relatively early and keep it up!

Re: Milestone Reached - "Quarter Millionaire!"

Posted: Fri Sep 15, 2017 7:26 am
by tennisplyr
Congrats! It's never too late. I had basically zero in my early forties, now in my midsixties, happily retired. Keep working hard, saving/investing, living below your means....and never give up!