Post your Financial Milestone Announcements Here

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infotrader
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Re: Poll: At what age did you hit $500k Net Worth

Post by infotrader » Sat Aug 04, 2018 12:30 am

I manage money for my son, since he is too busy to do it himself. He hit it last year when he was 24 with 90k in Roth.

Chaconne
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Re: Poll: At what age did you hit $500k Net Worth

Post by Chaconne » Sat Aug 04, 2018 7:14 am

Momus wrote:
Fri Aug 03, 2018 11:34 pm
Single income making 140k/yr in CA. Reached it at 27 yr old (3 yrs past graduation). Double that at 30. Double again at 34. I am 34 now. All thanks for stock market bubble ran up and housing bubble... I don't think I will get anywhere as fast in the next 10 yr, I stop taking any OTs (used to work a lot) because I am getting old. Expecting inheritance in $5-10M range by the time I am 60+ but who is counting...?
Wait a second. You reached $500K three years after graduation, during which time you were earning $140K?

So you earned $420,000 ($140,000 x 3) but managed to save $500,000? Why doesn't my math work like that?? :D

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peterinjapan
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Re: Poll: At what age did you hit $500k Net Worth

Post by peterinjapan » Sat Aug 04, 2018 7:26 am

I probably reached that in my 30s, hard to say as I was so busy growing my company, which is probably a good way to do it. Hit $1 million around 43.

RickBoglehead
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Re: Poll: At what age did you hit $500k Net Worth

Post by RickBoglehead » Sat Aug 04, 2018 7:41 am

Big difference in when a person starts earning, as in value of dollar. If I started working in 1980 and earned $20k, I'd expect a person that started earning in 2000 to earn more due to inflation, both real and job inflation. Then add in market crashes - 1987, Internet crash, '07-'08.

Also, what about a spouse staying home with the kids? We gave up a 2nd income to do that, and that dramatically delayed the growth of our net worth.

22twain
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Re: Poll: At what age did you hit $500k Net Worth

Post by 22twain » Sat Aug 04, 2018 8:49 am

tesuzuki2002 wrote:
Fri Aug 03, 2018 3:57 pm
How much was organically generated?
You mean fertilized with horse manure or BS or something? :wink:
My investing princiPLEs do not include absolutely preserving princiPAL.

phantom0308
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Re: Poll: At what age did you hit $500k Net Worth

Post by phantom0308 » Sat Aug 04, 2018 10:32 am

A couple months ago (28) after I got married, net worth approximately doubled. Combined income now 200k.
Been working full time 6 years, after starting at -30k from student loan debt.

TigerNest
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Re: Poll: At what age did you hit $500k Net Worth

Post by TigerNest » Sat Aug 04, 2018 10:49 am

The Great Recession hit early in my career, and my earnings growth disappeared for the rest of my 20s. Thankfully I was able to reset my compensation with a job hop at 31, and I hit 500k soon after.

sailaway
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Re: Poll: At what age did you hit $500k Net Worth

Post by sailaway » Sat Aug 04, 2018 10:51 am

TigerNest wrote:
Sat Aug 04, 2018 10:49 am
The Great Recession hit early in my career, and my earnings growth disappeared for the rest of my 20s. Thankfully I was able to reset my compensation with a job hop at 31, and I hit 500k soon after.
Honey, why didn't you ever tell me you were posting here? Seriously, that sounds much like my partner's situation.

FunnelCakeBob
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Re: Poll: At what age did you hit $500k Net Worth

Post by FunnelCakeBob » Sat Aug 04, 2018 1:34 pm

sailaway wrote:
Sat Aug 04, 2018 10:51 am

Honey, why didn't you ever tell me you were posting here? Seriously, that sounds much like my partner's situation.
It certainly sounds like a lot of us out there. They don't call it the Great Recession because things were great. :shock:

Dakotah
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Re: Poll: At what age did you hit $500k Net Worth

Post by Dakotah » Sat Aug 04, 2018 7:04 pm

Earlier this year. Wife and I are both 39. I'm about 15 months away from a military retirement (of the enlisted variety)...so my networth doesn't really equate to my income-generating ability for retirement purposes. Retirement/disability/benefits should come out to ~$40k/yr...so I look at it like having an additional $1m in the bank (assuming a 4% withdrawal rate).

acegolfer
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Re: Poll: At what age did you hit $500k Net Worth

Post by acegolfer » Sat Aug 04, 2018 7:07 pm

assumer wrote:
Mon Aug 05, 2013 7:08 am
These threads are both inspiring and frustrating. As a single person who is just going to be starting his career in his mid to late 20's with existing debt, I must admit a bit of jealousy. I know it's very individual and it shouldn't matter where others are as long as I am on track for my own goals, but sometimes we can't help how we feel about these things.
If it helps, I started my 1st job at age 31 with debt. I agree with you. As long as you are on track for your own goals, these posts should not matter. When I read OP, my 1st impression was he was bragging about his achievements.

HornedToad
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Re: Poll: At what age did you hit $500k Net Worth

Post by HornedToad » Sat Aug 04, 2018 7:07 pm

hesson11 wrote:
Sat Aug 04, 2018 7:14 am
Momus wrote:
Fri Aug 03, 2018 11:34 pm
Single income making 140k/yr in CA. Reached it at 27 yr old (3 yrs past graduation). Double that at 30. Double again at 34. I am 34 now. All thanks for stock market bubble ran up and housing bubble... I don't think I will get anywhere as fast in the next 10 yr, I stop taking any OTs (used to work a lot) because I am getting old. Expecting inheritance in $5-10M range by the time I am 60+ but who is counting...?
Wait a second. You reached $500K three years after graduation, during which time you were earning $140K?

So you earned $420,000 ($140,000 x 3) but managed to save $500,000? Why doesn't my math work like that?? :D
Probably bought a house since mentioned housing bubble. That was a huge net worth gain for me. $100k/yr gain for 3 years from condo purchase in early 2011

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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Sat Aug 04, 2018 7:28 pm

I merged koolmelee's bump of the 2013 thread Poll: At what age did you hit $500k Net Worth into here. Sorry for the delay. That thread is now locked, as the site owner does not permit anonymous polls. *

As explained in the first post here, we're consolidating all of the financial milestones into a single thread.

* Discussed here: Polls Disabled It is not open for discussion.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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GoldStar
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Re: Post your Financial Milestone Announcements Here

Post by GoldStar » Sat Aug 04, 2018 8:55 pm

ruralavalon wrote:
Thu Jul 19, 2018 12:30 pm
Grt2bOutdoors wrote:
Thu Jul 19, 2018 12:15 pm
keith6014 wrote:
Wed Jul 18, 2018 9:36 pm
why don't people mention age, location and occupation/industry?

saying you have 3m at age 90 isn't a milestone FWIW
Says who? How about if you started out with negative net worth? What about if you were worth $2M at age 65, lost most of it to some calamity and made it back to $3M? That's not an accomplishment, what is?
Age 90 by itself would be an accomplishment :) .
Actually my plan has me at $4M at 60 but then spending this down for 40 years - if I still have $3M at 90 that will be a huge accomplishment as I expect to be spent down much lower by then!

letsgobobby
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Re: Post your Financial Milestone Announcements Here

Post by letsgobobby » Sun Aug 05, 2018 9:37 am

I found an extra $50,000!

Had a spreadsheet error. Suspected something was wrong for most of this year but didn't have the time to sort it out. Finally discovered that one of my accounts was in the wrong cell so wasn't being captured in my equations. :oops:

This is the risk of a manual spreadsheet but I prefer this risk to the risk of giving another financial firm such as an aggregator access to all of my accounts... Well at least it was a positive surprise!

tesuzuki2002
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Re: Poll: At what age did you hit $500k Net Worth

Post by tesuzuki2002 » Tue Aug 07, 2018 4:03 pm

wootwoot wrote:
Fri Aug 03, 2018 6:02 pm
Why isn't there an option for people that haven't reached 500k yet?
I believe that is another thread...

tesuzuki2002
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Re: Poll: At what age did you hit $500k Net Worth

Post by tesuzuki2002 » Tue Aug 07, 2018 4:04 pm

22twain wrote:
Sat Aug 04, 2018 8:49 am
tesuzuki2002 wrote:
Fri Aug 03, 2018 3:57 pm
How much was organically generated?
You mean fertilized with horse manure or BS or something? :wink:
Yes exactly how I grew mine.. but I used Cow Manure!!

tesuzuki2002
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Re: Poll: At what age did you hit $500k Net Worth

Post by tesuzuki2002 » Tue Aug 07, 2018 4:06 pm

hesson11 wrote:
Sat Aug 04, 2018 7:14 am
Momus wrote:
Fri Aug 03, 2018 11:34 pm
Single income making 140k/yr in CA. Reached it at 27 yr old (3 yrs past graduation). Double that at 30. Double again at 34. I am 34 now. All thanks for stock market bubble ran up and housing bubble... I don't think I will get anywhere as fast in the next 10 yr, I stop taking any OTs (used to work a lot) because I am getting old. Expecting inheritance in $5-10M range by the time I am 60+ but who is counting...?
Wait a second. You reached $500K three years after graduation, during which time you were earning $140K?

So you earned $420,000 ($140,000 x 3) but managed to save $500,000? Why doesn't my math work like that?? :D

Market gains have been pretty high for a handful of years... better than 20% a year...

Silk McCue
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Re: Poll: At what age did you hit $500k Net Worth

Post by Silk McCue » Tue Aug 07, 2018 4:25 pm

wootwoot wrote:
Fri Aug 03, 2018 6:02 pm
Why isn't there an option for people that haven't reached 500k yet?
There is one thread designated for posting your financial milestones. Whatever that milestone is. The thread you posted in was started by someone and subsequently merged into the financial milestone thread. Please feel to post any milestone that you want to recognize. The thread is not a competition.


Post your Financial Milestone Announcement Here
viewtopic.php?f=9&t=237368

Cheers

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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Tue Aug 07, 2018 4:31 pm

^^^ The $500k milestone posts were moved into here. When threads are merged, each post retains to the title of where it was first posted. That can get confusing when things are moved around - I didn't write the software.

The thread title is at the top of the page, just under the header. As noted at the top of this page, we are already in the correct thread: Post your Financial Milestone Announcements Here
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

Random Poster
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Re: Post your Financial Milestone Announcements Here

Post by Random Poster » Wed Aug 08, 2018 8:21 am

Hit $3.25M last night, not including cash holdings.

Was hoping to get to that number by February of next year, but the stock market's rise moved things along more quickly.

Keeping the portfolio at a 50/50 allocation because I'm concerned about the inevitable downturn and, well, quite frankly, I'm not sure how much more money we really "need," even though we are relatively young (wife is almost 39 and I'm 41).

Called my wife to let her know the news this morning and her response was "so does this make it more difficult for you to go to work now?" Why yes, yes it does.

TwstdSista
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Re: Post your Financial Milestone Announcements Here

Post by TwstdSista » Wed Aug 08, 2018 8:29 am

Met my 2018 retirement contribution goal -- Hurray!

Now on to the HSA....

FootballFan5548
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Re: Post your Financial Milestone Announcements Here

Post by FootballFan5548 » Wed Aug 08, 2018 11:03 am

Just this morning I surpassed $900k in investment assets (not including emergency fund or home equity). I'm 34 and wife is SAHM to 2 kids.

$900k might not be a huge deal but it's the last "round number" to the 2 comma club of investment assets so I'm pretty pumped. I couldn't tell anyone else about it, so here I am.

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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Wed Aug 08, 2018 11:14 am

FootballFan5548 wrote:
Wed Aug 08, 2018 11:03 am
Just this morning I surpassed $900k in investment assets (not including emergency fund or home equity). I'm 34 and wife is SAHM to 2 kids.

$900k might not be a huge deal but it's the last "round number" to the 2 comma club of investment assets so I'm pretty pumped. I couldn't tell anyone else about it, so here I am.
Congratulations, that is a nice accomplishment at age 34 on one income.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

Investing.Newbie
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Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie » Wed Aug 08, 2018 12:27 pm

FootballFan5548 wrote:
Wed Aug 08, 2018 11:03 am
Just this morning I surpassed $900k in investment assets (not including emergency fund or home equity). I'm 34 and wife is SAHM to 2 kids.

$900k might not be a huge deal but it's the last "round number" to the 2 comma club of investment assets so I'm pretty pumped. I couldn't tell anyone else about it, so here I am.
Wow that's awesome :sharebeer Congrats :D Can you share your experience like how early your started & the path you followed to get to this number?
Thanks ! people like you are a real inspiration !!

BostonButterfly
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Re: Post your Financial Milestone Announcements Here

Post by BostonButterfly » Wed Aug 08, 2018 12:58 pm

Very excited to share that we hit the 2 comma club in net worth (including home equity)! Our next milestone is 2 comma club in investable assets. It will take several more years, but we're plugging along nicely. Age 48, with a goal of retiring at 58.

These forums are such a wealth of information and the collective knowledge is priceless! Finding Bogleheads has changed my financial life. THANK YOU!

FootballFan5548
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Re: Post your Financial Milestone Announcements Here

Post by FootballFan5548 » Wed Aug 08, 2018 1:00 pm

Investing.Newbie wrote:
Wed Aug 08, 2018 12:27 pm
FootballFan5548 wrote:
Wed Aug 08, 2018 11:03 am
Just this morning I surpassed $900k in investment assets (not including emergency fund or home equity). I'm 34 and wife is SAHM to 2 kids.

$900k might not be a huge deal but it's the last "round number" to the 2 comma club of investment assets so I'm pretty pumped. I couldn't tell anyone else about it, so here I am.
Wow that's awesome :sharebeer Congrats :D Can you share your experience like how early your started & the path you followed to get to this number?
Thanks ! people like you are a real inspiration !!

Jeeze, I don't feel like an inspiration, haha, i'm just trying to get through the day to day and keep my kids fed... but thank you!

For starters I'd say finding this site 18 months ago has been a tremendous help. I check it daily and have picked up some great tips along the way... so keep tracking this board and take the advice given. The ability to simplify, track, and budget were all things I've learned from this board.
Secondly, the last 10 year bull run has coincided with my biggest earning years and as I've been investing I've had a bunch of tailwind, like others, which has helped. I don't think any of us would be posting milestones if the market tanked 40% tomorrow.

I have gotten lucky in a few ways to get to my current number. First, because of a partial athletic scholarship and generous parents I graduated from a solid 4 year school with no student loan debt. That was huge.
Second, in 2011 I purchased a condo in a HCOL area just outside NYC for $500k. In 2015 I sold it for $725k... great timing and lucky outcome. (45% gross return in 4 years is very fortunate)
Third, I work for a great company and am pretty well compensated, but it was somewhat of a start up when I started 10 years ago and they gave out stock like candy for bonuses... I kept it all, vested in most and we got acquired last summer for a large premium... so that was another little windfall.

Outside of that I try to put away as much as I can into savings/investments. I try not to overspend, but we do, with 2 young kids and living in a HCOL it's hard. I've got $700k left on my current mortgage and about $300k equity in it (according to Zillow).

My number is $3M and no mortgage. If/when I get there, i'm FIRE'ing. I've got many many years to go before that happens.

Investing.Newbie
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Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie » Wed Aug 08, 2018 4:42 pm

FootballFan5548 wrote:
Wed Aug 08, 2018 1:00 pm
Investing.Newbie wrote:
Wed Aug 08, 2018 12:27 pm
FootballFan5548 wrote:
Wed Aug 08, 2018 11:03 am
Just this morning I surpassed $900k in investment assets (not including emergency fund or home equity). I'm 34 and wife is SAHM to 2 kids.

$900k might not be a huge deal but it's the last "round number" to the 2 comma club of investment assets so I'm pretty pumped. I couldn't tell anyone else about it, so here I am.
Wow that's awesome :sharebeer Congrats :D Can you share your experience like how early your started & the path you followed to get to this number?
Thanks ! people like you are a real inspiration !!

Jeeze, I don't feel like an inspiration, haha, i'm just trying to get through the day to day and keep my kids fed... but thank you!

For starters I'd say finding this site 18 months ago has been a tremendous help. I check it daily and have picked up some great tips along the way... so keep tracking this board and take the advice given. The ability to simplify, track, and budget were all things I've learned from this board.
Secondly, the last 10 year bull run has coincided with my biggest earning years and as I've been investing I've had a bunch of tailwind, like others, which has helped. I don't think any of us would be posting milestones if the market tanked 40% tomorrow.

I have gotten lucky in a few ways to get to my current number. First, because of a partial athletic scholarship and generous parents I graduated from a solid 4 year school with no student loan debt. That was huge.
Second, in 2011 I purchased a condo in a HCOL area just outside NYC for $500k. In 2015 I sold it for $725k... great timing and lucky outcome. (45% gross return in 4 years is very fortunate)
Third, I work for a great company and am pretty well compensated, but it was somewhat of a start up when I started 10 years ago and they gave out stock like candy for bonuses... I kept it all, vested in most and we got acquired last summer for a large premium... so that was another little windfall.

Outside of that I try to put away as much as I can into savings/investments. I try not to overspend, but we do, with 2 young kids and living in a HCOL it's hard. I've got $700k left on my current mortgage and about $300k equity in it (according to Zillow).

My number is $3M and no mortgage. If/when I get there, i'm FIRE'ing. I've got many many years to go before that happens.
Good luck I'm sure you will hit your milestones :sharebeer

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TierArtz
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Re: Post your Financial Milestone Announcements Here

Post by TierArtz » Thu Aug 16, 2018 10:53 am

Thanks to what I've learned on this site, I managed to add three BH tools to my financial toolbox in the last 30 days!

1. Started a donor-advised fund with Vanguard Charitable

2. Tax-loss harvested for the first time, after investing for over thirty years

3. Added a tax-exempt bond fund (VWIUX) to my VG taxable account

The above will trim about $7,500 off my tax bill this year, and provide tools to manage taxes and AA in the future!

Thanks to the Wiki writers and those who pose and answer questions on the above subjects!

chicagoan23
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Re: Post your Financial Milestone Announcements Here

Post by chicagoan23 » Fri Aug 17, 2018 11:46 am

Random Poster wrote:
Wed Aug 08, 2018 8:21 am
Hit $3.25M last night, not including cash holdings.

Was hoping to get to that number by February of next year, but the stock market's rise moved things along more quickly.

Keeping the portfolio at a 50/50 allocation because I'm concerned about the inevitable downturn and, well, quite frankly, I'm not sure how much more money we really "need," even though we are relatively young (wife is almost 39 and I'm 41).

Called my wife to let her know the news this morning and her response was "so does this make it more difficult for you to go to work now?" Why yes, yes it does.
How have you been dealing with your anxiety, as discussed here: viewtopic.php?f=1&t=212490 ?

Random Poster
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Re: Post your Financial Milestone Announcements Here

Post by Random Poster » Sat Aug 18, 2018 8:48 pm

chicagoan23 wrote:
Fri Aug 17, 2018 11:46 am
Random Poster wrote:
Wed Aug 08, 2018 8:21 am
Hit $3.25M last night, not including cash holdings.

Was hoping to get to that number by February of next year, but the stock market's rise moved things along more quickly.

Keeping the portfolio at a 50/50 allocation because I'm concerned about the inevitable downturn and, well, quite frankly, I'm not sure how much more money we really "need," even though we are relatively young (wife is almost 39 and I'm 41).

Called my wife to let her know the news this morning and her response was "so does this make it more difficult for you to go to work now?" Why yes, yes it does.
How have you been dealing with your anxiety, as discussed here: viewtopic.php?f=1&t=212490 ?
In short, I haven't.

I'm still worried that we don't have enough; I'm still working in a job I don't particularly love; I'm still living in a town I want to leave; I'm still constantly running numbers and thinking about "what if..."; and I still can't figure out how to be happy. Or, at least, to stop worrying and be at peace.

But, well, maybe that is okay because that is who I've been for decades and so that is probably how I will ever be.

Random Poster
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Re: Post your Financial Milestone Announcements Here

Post by Random Poster » Sun Aug 19, 2018 7:46 pm

Random Poster wrote:
Sat Aug 18, 2018 8:48 pm
chicagoan23 wrote:
Fri Aug 17, 2018 11:46 am
Random Poster wrote:
Wed Aug 08, 2018 8:21 am
Hit $3.25M last night, not including cash holdings.

Was hoping to get to that number by February of next year, but the stock market's rise moved things along more quickly.

Keeping the portfolio at a 50/50 allocation because I'm concerned about the inevitable downturn and, well, quite frankly, I'm not sure how much more money we really "need," even though we are relatively young (wife is almost 39 and I'm 41).

Called my wife to let her know the news this morning and her response was "so does this make it more difficult for you to go to work now?" Why yes, yes it does.
How have you been dealing with your anxiety, as discussed here: viewtopic.php?f=1&t=212490 ?
In short, I haven't.

I'm still worried that we don't have enough; I'm still working in a job I don't particularly love; I'm still living in a town I want to leave; I'm still constantly running numbers and thinking about "what if..."; and I still can't figure out how to be happy. Or, at least, to stop worrying and be at peace.

But, well, maybe that is okay because that is who I've been for decades and so that is probably how I will ever be.
I want to amend my answer a bit:

Hitting this most recent milestone has made it slightly easier to walk away from my job (although I haven't yet done so, but it is easier to think about doing so), and I find myself not carrying much (if at all) about prices at the grocery store (I don't feel conflicted about buying the freshly squeezed orange juice or a higher priced good, if that is what I or my wife wants).

But at the same time, I'm left wondering if I can stop saving, if we can do something else with our lives, if we will be okay. I guess some of us are just natural worriers and savers, and I guess that there is no amount of money that we can have that will ever change us from being that way.

chicagoan23
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Re: Post your Financial Milestone Announcements Here

Post by chicagoan23 » Tue Aug 21, 2018 2:47 pm

Random Poster wrote:
Sun Aug 19, 2018 7:46 pm
Random Poster wrote:
Sat Aug 18, 2018 8:48 pm
chicagoan23 wrote:
Fri Aug 17, 2018 11:46 am
Random Poster wrote:
Wed Aug 08, 2018 8:21 am
Hit $3.25M last night, not including cash holdings.

Was hoping to get to that number by February of next year, but the stock market's rise moved things along more quickly.

Keeping the portfolio at a 50/50 allocation because I'm concerned about the inevitable downturn and, well, quite frankly, I'm not sure how much more money we really "need," even though we are relatively young (wife is almost 39 and I'm 41).

Called my wife to let her know the news this morning and her response was "so does this make it more difficult for you to go to work now?" Why yes, yes it does.
How have you been dealing with your anxiety, as discussed here: viewtopic.php?f=1&t=212490 ?
In short, I haven't.

I'm still worried that we don't have enough; I'm still working in a job I don't particularly love; I'm still living in a town I want to leave; I'm still constantly running numbers and thinking about "what if..."; and I still can't figure out how to be happy. Or, at least, to stop worrying and be at peace.

But, well, maybe that is okay because that is who I've been for decades and so that is probably how I will ever be.
I want to amend my answer a bit:

Hitting this most recent milestone has made it slightly easier to walk away from my job (although I haven't yet done so, but it is easier to think about doing so), and I find myself not carrying much (if at all) about prices at the grocery store (I don't feel conflicted about buying the freshly squeezed orange juice or a higher priced good, if that is what I or my wife wants).

But at the same time, I'm left wondering if I can stop saving, if we can do something else with our lives, if we will be okay. I guess some of us are just natural worriers and savers, and I guess that there is no amount of money that we can have that will ever change us from being that way.
Thanks, glad to hear that some of the worries are receding!

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Blythe
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I'm a TSP Millionaire!

Post by Blythe » Sat Aug 25, 2018 9:30 am

Hello, I just wanted to share that after 30 years of saving diligently, I'm now a TSP millionaire!!! My 401K account reached and slightly exceeded 7 digits this weekend. :D I never took loans from my account during the past 30 years and have always contributed the maximum amount. I also began contributing the maximum catch-up amount once I turned 50. My allocation was almost all equities during my accumulation years. Now that I'm closer to retirement, I'm 70% equities and 30% fixed. I'm so glad I have this forum to share my milestone. :moneybag

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ruralavalon
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Re: I'm a TSP Millionaire!

Post by ruralavalon » Sat Aug 25, 2018 9:49 am

Blythe wrote:
Sat Aug 25, 2018 9:30 am
Hello, I just wanted to share that after 30 years of saving diligently, I'm now a TSP millionaire!!! My 401K account reached and slightly exceeded 7 digits this weekend. :D I never took loans from my account during the past 30 years and have always contributed the maximum amount. I also began contributing the maximum catch-up amount once I turned 50. My allocation was almost all equities during my accumulation years. Now that I'm closer to retirement, I'm 70% equities and 30% fixed. I'm so glad I have this forum to share my milestone. :moneybag
Contributions :D .

How will you celebrate?
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

flyingaway
Posts: 1917
Joined: Fri Jan 17, 2014 10:19 am

Re: Post your Financial Milestone Announcements Here

Post by flyingaway » Sat Aug 25, 2018 11:55 am

Last week, opened a Fidelity Roth IRA for my son at college and transferred $2,000. But I was waiting for the market to drop a little bit to buy in. It, unfortunately, went up.

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Blythe
Posts: 9
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Re: I'm a TSP Millionaire!

Post by Blythe » Sat Aug 25, 2018 12:12 pm

ruralavalon wrote:
Sat Aug 25, 2018 9:49 am
Blythe wrote:
Sat Aug 25, 2018 9:30 am
Hello, I just wanted to share that after 30 years of saving diligently, I'm now a TSP millionaire!!! My 401K account reached and slightly exceeded 7 digits this weekend. :D I never took loans from my account during the past 30 years and have always contributed the maximum amount. I also began contributing the maximum catch-up amount once I turned 50. My allocation was almost all equities during my accumulation years. Now that I'm closer to retirement, I'm 70% equities and 30% fixed. I'm so glad I have this forum to share my milestone. :moneybag
Contributions :D .

How will you celebrate?
Yes, consistent contributions and the power of compounding got me to this milestone. My family and I just came back from a nice vacation ( :dollar :dollar ) on Martha's Vineyard so that pre-celebration will suffice.

Darth Xanadu
Posts: 489
Joined: Sat Jan 27, 2018 1:47 am
Location: Middle Earth

Re: Post your Financial Milestone Announcements Here

Post by Darth Xanadu » Mon Aug 27, 2018 2:08 pm

In 2018, my total 401k balance has surpassed $500k, and both my Roth IRA balance and my taxable brokerage balance have each crossed $100k.

I've always been a reasonably decent saver, but I feel more confident about my future after spending time on this forum to take advantage of the great advice given here, so thank you all!

Along those lines, my next "financial milestones" will be a written IPS, and a will.
"A courageous teacher, failure is."

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ruralavalon
Posts: 14097
Joined: Sat Feb 02, 2008 10:29 am
Location: Illinois

Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Mon Aug 27, 2018 2:18 pm

Darth Xanadu wrote:
Mon Aug 27, 2018 2:08 pm
In 2018, my total 401k balance has surpassed $500k, and both my Roth IRA balance and my taxable brokerage balance have each crossed $100k.

I've always been a reasonably decent saver, but I feel more confident about my future after spending time on this forum to take advantage of the great advice given here, so thank you all!

Along those lines, my next "financial milestones" will be a written IPS, and a will.
Congratulations on reaching those milestones.

In addition to a will consider a durable power of attorney for health care and a durable power of attorney for property.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

Moneta
Posts: 13
Joined: Fri Jun 22, 2018 12:08 pm

Re: Post your Financial Milestone Announcements Here

Post by Moneta » Mon Aug 27, 2018 4:08 pm

My recent milestone was that my retirement account crested over twice my age in thousands. I am 43, and I've been fighting to get to twice-my-age-in-thousands for many years (low paying job with no 401k match, HCOL area, kids!).

A career change to a position that pays 30% more meant that I was finally able to make this goal. :mrgreen:

I'm looking forward to meeting my next milestone of $100K in my retirement accounts.

WVbaron
Posts: 34
Joined: Sun Apr 30, 2017 2:12 am

Re: Post your Financial Milestone Announcements Here

Post by WVbaron » Thu Aug 30, 2018 12:01 pm

Hello Bogleheads!

It has been a long road to get to this day but yesterday I officially hit the 2 comma club! I have not shared the news with anyone but wanted to share a bit of my story here. I also wanted to say a massive Thank You to everyone on this thread as I have gained so much knowledge and inspiration and hope my journey can in some small way help pay it forward.

I am a 38 yrs old and grew up in a lower, middle class family and was the first one in my family to go to college. When I graduated high school, I remember getting college acceptance letters with the full realization that my parents had been unable to save anything for my college education. I decided on attending an in state, private college that was affordable. What my scholarships / grants did not cover, I took out in student loans. I also had to work a full time job through college to support my living expenses and education. It was a humbling experience and required a lot of personal sacrifice but would not change any of it as it helped me develop my work ethic.

For so long, I basically lived paycheck to paycheck and remember only being able to save $50 or §100 a check into a savings account. I have always tried to have a short term goal of mine was to reach §1,000 in savings, then it was $5,000, then $10,000, etc. There hasn’t been much to this journey that was sexy, just trying to do the right things with 401K, IRA, etc. I have definitely made my share of mistakes and learned a lot along the way. But finding this group has really helped me have more structure and organization in my personal finances.

My next goal is to hit the 2 comma club with just my taxable/retirement accounts…about $300K away from that day which if all goes well, could be in the next 3-4 years so the journey continues…

Bogleheads always say to 'stay the course' and nothing could be further from the truth. I read this website every day and it keeps me motivated, humble, and dedicated to improving my financial situation.

Its funny that when I logged into my account today and saw the 2 commas in my net worth, my first thought was writing this post. I am not doing anything in particular to celebrate or telling anyone aside from this post about the milestone. I wish everyone that reads this website the best of luck in your financial future and just continue to stay the course.

katzmandu
Posts: 139
Joined: Tue Nov 26, 2013 8:39 am

Re: Post your Financial Milestone Announcements Here

Post by katzmandu » Thu Aug 30, 2018 12:27 pm

Passed the 500k and 550k mark this year (so far). Yeah, its nice to have a tailwind, but it feels good.

This forum has been invaluable in getting me to focus on asset allocation and maxing both 401k and IRA contributions, simplifying my investments and paring down my total ER costs. It's all you can do to give yourself the best chance to succeed.

Onward to the 2 comma club.

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ray.james
Posts: 1042
Joined: Tue Jul 19, 2011 4:08 am

Re: Post your Financial Milestone Announcements Here

Post by ray.james » Thu Aug 30, 2018 12:31 pm

WVbaron wrote:
Thu Aug 30, 2018 12:01 pm
Hello Bogleheads!

It has been a long road to get to this day but yesterday I officially hit the 2 comma club! I have not shared the news with anyone but wanted to share a bit of my story here. I also wanted to say a massive Thank You to everyone on this thread as I have gained so much knowledge and inspiration and hope my journey can in some small way help pay it forward.

I am a 38 yrs old and grew up in a lower, middle class family and was the first one in my family to go to college. When I graduated high school, I remember getting college acceptance letters with the full realization that my parents had been unable to save anything for my college education. I decided on attending an in state, private college that was affordable. What my scholarships / grants did not cover, I took out in student loans. I also had to work a full time job through college to support my living expenses and education. It was a humbling experience and required a lot of personal sacrifice but would not change any of it as it helped me develop my work ethic.

For so long, I basically lived paycheck to paycheck and remember only being able to save $50 or §100 a check into a savings account. I have always tried to have a short term goal of mine was to reach §1,000 in savings, then it was $5,000, then $10,000, etc. There hasn’t been much to this journey that was sexy, just trying to do the right things with 401K, IRA, etc. I have definitely made my share of mistakes and learned a lot along the way. But finding this group has really helped me have more structure and organization in my personal finances.

My next goal is to hit the 2 comma club with just my taxable/retirement accounts…about $300K away from that day which if all goes well, could be in the next 3-4 years so the journey continues…

Bogleheads always say to 'stay the course' and nothing could be further from the truth. I read this website every day and it keeps me motivated, humble, and dedicated to improving my financial situation.

Its funny that when I logged into my account today and saw the 2 commas in my net worth, my first thought was writing this post. I am not doing anything in particular to celebrate or telling anyone aside from this post about the milestone. I wish everyone that reads this website the best of luck in your financial future and just continue to stay the course.
Hearty congratulations! The tailwind will keep increasing!
Experiences make what we are and set the course.
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939

gluskap
Posts: 62
Joined: Mon Nov 13, 2017 2:07 pm

Re: Post your Financial Milestone Announcements Here

Post by gluskap » Thu Aug 30, 2018 12:47 pm

Our net worth hit $1M sometime last year I think and this year we will hit $1M in investments not including the house equity. Now that the 401k loan and student loans are all paid off and after daughter goes to Kinder next year, we plan to ramp up the savings even more. Hope to hit $2M in investments in the next 5-10 years.

Investing.Newbie
Posts: 50
Joined: Wed Oct 11, 2017 1:23 pm

Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie » Thu Aug 30, 2018 12:57 pm

WVbaron wrote:
Thu Aug 30, 2018 12:01 pm
Hello Bogleheads!

It has been a long road to get to this day but yesterday I officially hit the 2 comma club! I have not shared the news with anyone but wanted to share a bit of my story here. I also wanted to say a massive Thank You to everyone on this thread as I have gained so much knowledge and inspiration and hope my journey can in some small way help pay it forward.

I am a 38 yrs old and grew up in a lower, middle class family and was the first one in my family to go to college. When I graduated high school, I remember getting college acceptance letters with the full realization that my parents had been unable to save anything for my college education. I decided on attending an in state, private college that was affordable. What my scholarships / grants did not cover, I took out in student loans. I also had to work a full time job through college to support my living expenses and education. It was a humbling experience and required a lot of personal sacrifice but would not change any of it as it helped me develop my work ethic.

For so long, I basically lived paycheck to paycheck and remember only being able to save $50 or §100 a check into a savings account. I have always tried to have a short term goal of mine was to reach §1,000 in savings, then it was $5,000, then $10,000, etc. There hasn’t been much to this journey that was sexy, just trying to do the right things with 401K, IRA, etc. I have definitely made my share of mistakes and learned a lot along the way. But finding this group has really helped me have more structure and organization in my personal finances.

My next goal is to hit the 2 comma club with just my taxable/retirement accounts…about $300K away from that day which if all goes well, could be in the next 3-4 years so the journey continues…

Bogleheads always say to 'stay the course' and nothing could be further from the truth. I read this website every day and it keeps me motivated, humble, and dedicated to improving my financial situation.

Its funny that when I logged into my account today and saw the 2 commas in my net worth, my first thought was writing this post. I am not doing anything in particular to celebrate or telling anyone aside from this post about the milestone. I wish everyone that reads this website the best of luck in your financial future and just continue to stay the course.
Congrats WVbaron ! :sharebeer you are an inspiration !

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Driver
Posts: 218
Joined: Wed May 27, 2009 3:18 pm

Re: Post your Financial Milestone Announcements Here

Post by Driver » Thu Aug 30, 2018 3:07 pm

Moneta wrote:
Mon Aug 27, 2018 4:08 pm
My recent milestone was that my retirement account crested over twice my age in thousands. I am 43, and I've been fighting to get to twice-my-age-in-thousands for many years (low paying job with no 401k match, HCOL area, kids!).

A career change to a position that pays 30% more meant that I was finally able to make this goal. :mrgreen:

I'm looking forward to meeting my next milestone of $100K in my retirement accounts.
Congrats Moneta!

User avatar
Driver
Posts: 218
Joined: Wed May 27, 2009 3:18 pm

Re: Post your Financial Milestone Announcements Here

Post by Driver » Thu Aug 30, 2018 3:08 pm

WVbaron wrote:
Thu Aug 30, 2018 12:01 pm
Hello Bogleheads!

It has been a long road to get to this day but yesterday I officially hit the 2 comma club! I have not shared the news with anyone but wanted to share a bit of my story here. I also wanted to say a massive Thank You to everyone on this thread as I have gained so much knowledge and inspiration and hope my journey can in some small way help pay it forward.

I am a 38 yrs old and grew up in a lower, middle class family and was the first one in my family to go to college. When I graduated high school, I remember getting college acceptance letters with the full realization that my parents had been unable to save anything for my college education. I decided on attending an in state, private college that was affordable. What my scholarships / grants did not cover, I took out in student loans. I also had to work a full time job through college to support my living expenses and education. It was a humbling experience and required a lot of personal sacrifice but would not change any of it as it helped me develop my work ethic.

For so long, I basically lived paycheck to paycheck and remember only being able to save $50 or §100 a check into a savings account. I have always tried to have a short term goal of mine was to reach §1,000 in savings, then it was $5,000, then $10,000, etc. There hasn’t been much to this journey that was sexy, just trying to do the right things with 401K, IRA, etc. I have definitely made my share of mistakes and learned a lot along the way. But finding this group has really helped me have more structure and organization in my personal finances.

My next goal is to hit the 2 comma club with just my taxable/retirement accounts…about $300K away from that day which if all goes well, could be in the next 3-4 years so the journey continues…

Bogleheads always say to 'stay the course' and nothing could be further from the truth. I read this website every day and it keeps me motivated, humble, and dedicated to improving my financial situation.

Its funny that when I logged into my account today and saw the 2 commas in my net worth, my first thought was writing this post. I am not doing anything in particular to celebrate or telling anyone aside from this post about the milestone. I wish everyone that reads this website the best of luck in your financial future and just continue to stay the course.
Congrats WBbaron!

student
Posts: 2587
Joined: Fri Apr 03, 2015 6:58 am

Re: Post your Financial Milestone Announcements Here

Post by student » Thu Aug 30, 2018 3:10 pm

WVbaron wrote:
Thu Aug 30, 2018 12:01 pm
Hello Bogleheads!

It has been a long road to get to this day but yesterday I officially hit the 2 comma club! I have not shared the news with anyone but wanted to share a bit of my story here. I also wanted to say a massive Thank You to everyone on this thread as I have gained so much knowledge and inspiration and hope my journey can in some small way help pay it forward.

I am a 38 yrs old and grew up in a lower, middle class family and was the first one in my family to go to college. When I graduated high school, I remember getting college acceptance letters with the full realization that my parents had been unable to save anything for my college education. I decided on attending an in state, private college that was affordable. What my scholarships / grants did not cover, I took out in student loans. I also had to work a full time job through college to support my living expenses and education. It was a humbling experience and required a lot of personal sacrifice but would not change any of it as it helped me develop my work ethic.

For so long, I basically lived paycheck to paycheck and remember only being able to save $50 or §100 a check into a savings account. I have always tried to have a short term goal of mine was to reach §1,000 in savings, then it was $5,000, then $10,000, etc. There hasn’t been much to this journey that was sexy, just trying to do the right things with 401K, IRA, etc. I have definitely made my share of mistakes and learned a lot along the way. But finding this group has really helped me have more structure and organization in my personal finances.

My next goal is to hit the 2 comma club with just my taxable/retirement accounts…about $300K away from that day which if all goes well, could be in the next 3-4 years so the journey continues…

Bogleheads always say to 'stay the course' and nothing could be further from the truth. I read this website every day and it keeps me motivated, humble, and dedicated to improving my financial situation.

Its funny that when I logged into my account today and saw the 2 commas in my net worth, my first thought was writing this post. I am not doing anything in particular to celebrate or telling anyone aside from this post about the milestone. I wish everyone that reads this website the best of luck in your financial future and just continue to stay the course.
Congratulations.

Grt2bOutdoors
Posts: 19335
Joined: Thu Apr 05, 2007 8:20 pm
Location: New York

Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors » Thu Aug 30, 2018 8:34 pm

WVbaron wrote:
Thu Aug 30, 2018 12:01 pm
Hello Bogleheads!

It has been a long road to get to this day but yesterday I officially hit the 2 comma club! I have not shared the news with anyone but wanted to share a bit of my story here. I also wanted to say a massive Thank You to everyone on this thread as I have gained so much knowledge and inspiration and hope my journey can in some small way help pay it forward.

I am a 38 yrs old and grew up in a lower, middle class family and was the first one in my family to go to college. When I graduated high school, I remember getting college acceptance letters with the full realization that my parents had been unable to save anything for my college education. I decided on attending an in state, private college that was affordable. What my scholarships / grants did not cover, I took out in student loans. I also had to work a full time job through college to support my living expenses and education. It was a humbling experience and required a lot of personal sacrifice but would not change any of it as it helped me develop my work ethic.

For so long, I basically lived paycheck to paycheck and remember only being able to save $50 or §100 a check into a savings account. I have always tried to have a short term goal of mine was to reach §1,000 in savings, then it was $5,000, then $10,000, etc. There hasn’t been much to this journey that was sexy, just trying to do the right things with 401K, IRA, etc. I have definitely made my share of mistakes and learned a lot along the way. But finding this group has really helped me have more structure and organization in my personal finances.

My next goal is to hit the 2 comma club with just my taxable/retirement accounts…about $300K away from that day which if all goes well, could be in the next 3-4 years so the journey continues…

Bogleheads always say to 'stay the course' and nothing could be further from the truth. I read this website every day and it keeps me motivated, humble, and dedicated to improving my financial situation.

Its funny that when I logged into my account today and saw the 2 commas in my net worth, my first thought was writing this post. I am not doing anything in particular to celebrate or telling anyone aside from this post about the milestone. I wish everyone that reads this website the best of luck in your financial future and just continue to stay the course.
Congratulations!
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

PFInterest
Posts: 2609
Joined: Sun Jan 08, 2017 12:25 pm

Re: Post your Financial Milestone Announcements Here

Post by PFInterest » Thu Aug 30, 2018 8:52 pm

Well, were at 1 comma and 1 period!

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