Post your Financial Milestone Announcements Here

Stinky · Post by **Stinky** » Sat Mar 20, 2021 6:05 am

retire2022 wrote: ↑Sat Mar 20, 2021 2:47 am
AquaBliss wrote: ↑Sat Mar 20, 2021 2:43 am
retire2022 wrote: ↑Sat Mar 20, 2021 1:35 am
jarjarM wrote: ↑Sat Mar 20, 2021 1:34 am
Congrats on becoming a billionaire
it is 3.0 Million but thanks
$3,000,000 still has 2 commas. I also thought maybe you were a billionaire lol.
I see I guess I am not a good communicator, haha!

I think that you're a better accumulator than communicator.

Congratulations on your milestone!

kjbasser · Post by **kjbasser** » Tue Mar 30, 2021 10:22 am

[Thread merged into here --admin LadyGeek]

We wiped out the rest of our mortgage this week. Feels great and just wanted to share with the community as I plan on keeping this relatively quiet in my personal life. Wife and I never made over 120k combined HHI, 35/34 year old electrician and x-ray tech with two kids. Low cost of living state with good jobs and a lot of discipline.

Next stop early retirement!

brad.clarkston · Post by **brad.clarkston** » Tue Mar 30, 2021 10:27 am

Woot! Good job !

vas · Post by **vas** » Tue Mar 30, 2021 10:38 am

Congratulations! That's a big milestone.

Independent George · Post by **Independent George** » Tue Mar 30, 2021 10:38 am

kjbasser wrote: ↑Tue Mar 30, 2021 10:22 am We wiped out the rest of our mortgage this week. Feels great and just wanted to share with the community as I plan on keeping this relatively quiet in my personal life. Wife and I never made over 120k combined HHI, 35/34 year old electrician and x-ray tech with two kids. Low cost of living state with good jobs and a lot of discipline.

Next stop early retirement!

Congratulations! That is an enormous accomplishment - great job!

life in slices · Post by **life in slices** » Tue Mar 30, 2021 10:43 am

Congratulations - huge accomplishment!

Watty · Post by **Watty** » Tue Mar 30, 2021 10:52 am

Congratulations!

A couple of things to do now that the mortgage is paid off;

1) Contact your home insurance company to have them take the lender off of your home insurance policy.

2) Be sure stop any automatic mortgage payments. If you had an escrow account then be sure that your home insurance and property taxes get paid on time even if you do not get a bill.

3) It may take a month or more for the paperwork to clear to remove the mortgage lien from your property. Save the paperwork that says the lien was removed since that can be important. Be sure to check with your county to to make sure that the lien was actually removed even though you got the paperwork saying that it was. The problem is that once in a blue moon it will not actually be removed and it can be a mess if you do not find this out until decades from now and have to get it fixed long after the lender is merged with some other company. It will be much easier to get any problems fixed now. In my area you can see lien on a property on the counties web site but in some area you may need to go into the county courthouse to ask how to check on that.

Tyrobi · Post by **Tyrobi** » Tue Mar 30, 2021 11:03 am

Congrats! You're on the nice path toward early retirement!

I too paid off our mortgage early and really glad we did it in our 30's.

lakpr · Post by **lakpr** » Tue Mar 30, 2021 1:09 pm

Congratulations! We paid off our home at the ages of 47 & 43, so you are a decade ahead of us!

mr_brightside · Post by **mr_brightside** » Tue Mar 30, 2021 1:13 pm

Congratulations --

-------------------------------------------------------

willthrill81 · Post by **willthrill81** » Tue Mar 30, 2021 1:33 pm

Congratulations! That's a big milestone.

We paid ours off just over a year ago and have no regrets at all.

Be sure to inform your insurance company to send premium notices to you, and also be sure that your tax assessor sends payment notices to you as well.

Scott S · Post by **Scott S** » Tue Mar 30, 2021 1:42 pm

Congratulations, kjbasser!

fittan · Post by **fittan** » Tue Mar 30, 2021 2:04 pm

Congrats! It's a big milestone.

OnTrack2020 · Post by **OnTrack2020** » Tue Mar 30, 2021 2:28 pm

Congrats! The freedom you are now going to feel will be absolutely amazing!!

kelvan80 · Post by **kelvan80** » Tue Mar 30, 2021 2:47 pm

Congratulating you on a job well done. Don't forget to do something fun to celebrate!

SrGrumpy · Post by **SrGrumpy** » Tue Mar 30, 2021 2:49 pm

Get a frame for the payoff notice - though I'd keep it closeted (literally and metaphorically).

2Scoops · Post by **2Scoops** » Tue Mar 30, 2021 2:53 pm

Congrats on such a wonderful accomplishment! We are working hard to reach this milestone as well.

Post by **LadyGeek** » Tue Mar 30, 2021 2:54 pm

I merged kjbasser's thread into the ongoing discussion. The combined thread is in the US Chapters (community) forum.

Congrats!!

Broken Man 1999 · Post by **Broken Man 1999** » Tue Mar 30, 2021 3:02 pm

Nice job! That is a great accomplishment for a couple so young.

We were starting the mortgage on our current home at age 36. It was paid off earlier than the length of the mortgage. As well, we put down about 50%, so the mortgage wasn't all that much of a burden.

OP, are you formally mapping to early retirement because of your trade? Sometimes trades really take it out of you, physically. My BIL is a mechanic, aged 63, and he is very selective on the job tickets he picks up. He has back issues due to twisting and turning to get to the various systems he has to work on. His father was a mechanic, and he had back issues, also.

I imagine you do some physical work similar in your job.

Again, congrats!

Broken Man 1999

ruralavalon · Post by **ruralavalon** » Tue Mar 30, 2021 3:07 pm

kjbasser wrote: ↑Tue Mar 30, 2021 10:22 am [Thread merged into here --admin LadyGeek]

We wiped out the rest of our mortgage this week. Feels great and just wanted to share with the community as I plan on keeping this relatively quiet in my personal life. Wife and I never made over 120k combined HHI, 35/34 year old electrician and x-ray tech with two kids. Low cost of living state with good jobs and a lot of discipline.

Next stop early retirement!

Congratulations

.

kjbasser · Post by **kjbasser** » Tue Mar 30, 2021 4:16 pm

Broken Man 1999 wrote: ↑Tue Mar 30, 2021 3:02 pm Nice job! That is a great accomplishment for a couple so young.

We were starting the mortgage on our current home at age 36. It was paid off earlier than the length of the mortgage. As well, we put down about 50%, so the mortgage wasn't all that much of a burden.

OP, are you formally mapping to early retirement because of your trade? Sometimes trades really take it out of you, physically. My BIL is a mechanic, aged 63, and he is very selective on the job tickets he picks up. He has back issues due to twisting and turning to get to the various systems he has to work on. His father was a mechanic, and he had back issues, also.

I imagine you do some physical work similar in your job.

Again, congrats!

Broken Man 1999

These days I work more in controls and automation, not too much construction. Eventually I’ll will transition to a supervisory role if I stay put when I’m ready to put my tools down. In all reality who knows if I’ll retire early, but the flexibility is what I’m after.

My main goal was the house so we can enjoy the extra cash flow, ramp up investing even more and slow down a little bit.

Thanks for all the support, it’s much appreciated. Still doesn’t feel real, maybe it won’t since we’ve been pretty methodical about it.

madtryx44 · Post by **madtryx44** » Thu Apr 01, 2021 6:38 am

madtryx44 wrote: ↑Fri Oct 02, 2020 7:47 am Male, Married, 1 child (38/39/1 y/o), VHCOL

Exceeded 2mm in investments and home equity this morning while tabulating quarterly data. NW as percentage: 48.52% tax-advantaged, 30.08% taxable, 21.4% home equity. All self-built (ie no inheritance). Hoping to exceed this threshold in investments only in next 2-3 years. The power of compounding is starting to be noticeable - thank you Bogleheads!

I can't believe it but surpassed 2mm in investments alone due to investment appreciation/normal contributions. NW as percentage: 50.21% tax-advantaged, 31.59% taxable, 18.2% home equity. Current thinking/target is between 4-5mm for a 'non-traditional retirement' (work on my schedule, on my interests, where money is not critical). Hoping to achieve this around 50 yo (11.5 years to go). Thank you all again!!

Raymond · Post by **Raymond** » Thu Apr 01, 2021 11:03 am

VAslim16 wrote: ↑Wed May 17, 2017 6:42 am
...Now I probably jinxed things and will be back under 100K in a few hours when the market opens.

I hope that in not too many years a one-day drop or rise of $100,000 in your portfolio will cause you to merely raise one eyebrow and say, "Hmm, that's interesting."

[Whoops! Quoted a post from 2017]

Grt2bOutdoors · Post by **Grt2bOutdoors** » Thu Apr 01, 2021 7:39 pm

kjbasser wrote: ↑Tue Mar 30, 2021 4:16 pm
Broken Man 1999 wrote: ↑Tue Mar 30, 2021 3:02 pm Nice job! That is a great accomplishment for a couple so young.

We were starting the mortgage on our current home at age 36. It was paid off earlier than the length of the mortgage. As well, we put down about 50%, so the mortgage wasn't all that much of a burden.

OP, are you formally mapping to early retirement because of your trade? Sometimes trades really take it out of you, physically. My BIL is a mechanic, aged 63, and he is very selective on the job tickets he picks up. He has back issues due to twisting and turning to get to the various systems he has to work on. His father was a mechanic, and he had back issues, also.

I imagine you do some physical work similar in your job.

Again, congrats!

Broken Man 1999
These days I work more in controls and automation, not too much construction. Eventually I’ll will transition to a supervisory role if I stay put when I’m ready to put my tools down. In all reality who knows if I’ll retire early, but the flexibility is what I’m after.

My main goal was the house so we can enjoy the extra cash flow, ramp up investing even more and slow down a little bit.

Thanks for all the support, it’s much appreciated. Still doesn’t feel real, maybe it won’t since we’ve been pretty methodical about it.

Congrats! Doesn't feel real? It will feel real when there is no debit out of your checking account except the one that is directed to your ER fund.

You should call up Dave Ramsey and do a Debt Free Scream! that will make it feel real!

planetmike · Post by **planetmike** » Fri Apr 02, 2021 8:32 am

We are halfway to the two comma club. Broke $500,000 net worth (home value included) on yesterday's monthly spreadsheet update, no debts. Aiming to retire in ten-ish years, at 62.

Many thanks to the contributors and discussions on this site. It sounds trite, but we couldn't have done it without your help.

Stinky · Post by **Stinky** » Fri Apr 02, 2021 9:05 am

planetmike wrote: ↑Fri Apr 02, 2021 8:32 am We are halfway to the two comma club. Broke $500,000 net worth (home value included) on yesterday's monthly spreadsheet update, no debts. Aiming to retire in ten-ish years, at 62.

Many thanks to the contributors and discussions on this site. It sounds trite, but we couldn't have done it without your help.

Congratulations! That’s wonderful.

With no debts to hold you back, I expect that you make it to the two-comma club sooner than your plan.

Atilla · Post by **Atilla** » Fri Apr 02, 2021 9:13 am

Yesterday's market action put us over $2,000,000 net worth for the first time.

It took 50 years to get to $1,000,000 and about 5 more years to get the second million.

lostdog · Post by **lostdog** » Fri Apr 02, 2021 10:08 am

planetmike wrote: ↑Fri Apr 02, 2021 8:32 am We are halfway to the two comma club. Broke $500,000 net worth (home value included) on yesterday's monthly spreadsheet update, no debts. Aiming to retire in ten-ish years, at 62.

Many thanks to the contributors and discussions on this site. It sounds trite, but we couldn't have done it without your help.

Congratulations!

lostdog · Post by **lostdog** » Fri Apr 02, 2021 10:09 am

Atilla wrote: ↑Fri Apr 02, 2021 9:13 am Yesterday's market action put us over $2,000,000 net worth for the first time.

It took 50 years to get to $1,000,000 and about 5 more years to get the second million.

Wow! Congratulations!

LiterallyIronic · Post by **LiterallyIronic** » Fri Apr 02, 2021 10:42 am

Tallied up our accounts for the monthly spreadsheet entry and our retirement accounts have now cracked $200,000! Took from July 2012 to get from first invested dollar to November 2019 to reach $100,000 invested. Then seventeen months to get from $100,000 to $200,000.

TheTimeLord · Post by **TheTimeLord** » Fri Apr 02, 2021 10:52 am

I have a spreadsheet that calculates how many X I have for a given amount annual expenses. It has multiple columns, one for each annual expense level (hope that makes sense). As of this morning I have exceeded 25x for the last (highest) expense column on the spreadsheet (which I had never actually considered realistic). So technically my portfolio is now off the chart.

golf101 · Post by **golf101** » Fri Apr 02, 2021 11:00 am

I updated my net worth in March and realized that I passed $1M in my individual retirement accounts at 43 (excluding my husband’s accounts as he started saving later than me).

We are at $1.5M combined so on our way to early retirement!

msjohn07 · Post by **msjohn07** » Fri Apr 02, 2021 12:03 pm

Updated my wife (32) and I (37) balance sheet yesterday. Finally broke the 2 comma club with home equity. Feel like the plan is finally rolling.

1.05M

Next step, 2 comma club on investments only. Hopefully by the end of the year.

HootingSloth · Post by **HootingSloth** » Fri Apr 02, 2021 1:48 pm

msjohn07 wrote: ↑Fri Apr 02, 2021 12:03 pm Updated my wife (32) and I (37) balance sheet yesterday. Finally broke the 2 comma club with home equity. Feel like the plan is finally rolling.

1.05M

Next step, 2 comma club on investments only. Hopefully by the end of the year.

Congratulations! We went through that one-two punch of milestones in the past year, and it is a nice feeling.

Mudpuppy · Post by **Mudpuppy** » Fri Apr 02, 2021 4:14 pm

LiterallyIronic wrote: ↑Fri Apr 02, 2021 10:42 am Tallied up our accounts for the monthly spreadsheet entry and our retirement accounts have now cracked $200,000! Took from July 2012 to get from first invested dollar to November 2019 to reach $100,000 invested. Then seventeen months to get from $100,000 to $200,000.

Good job! The first 100k always seems to be the hardest, probably because that's when even small unexpected expenses can knock your proverbial financial boat askew.

william.don · Post by **william.don** » Tue Apr 06, 2021 8:21 pm

I'm really excited that I finally have a retirement plan in place.
I'm young but anxiety around finances kept me putting it off for like 3 years because I just couldn't do it.
1 week on the bogleheads wiki and forum...it's set
I went with the 3 fund with % bonds = age for simplicity.
Couldn't believe how easy this all actually was.

Now I'm feeling ready to actually learn more (back door roth maybe!) and try to optimize some more.

I owe a million thanks to everyone here

I am spreading the word

Stinky · Post by **Stinky** » Tue Apr 06, 2021 9:44 pm

william.don wrote: ↑Tue Apr 06, 2021 8:21 pm I'm really excited that I finally have a retirement plan in place.
I'm young but anxiety around finances kept me putting it off for like 3 years because I just couldn't do it.
1 week on the bogleheads wiki and forum...it's set
I went with the 3 fund with % bonds = age for simplicity.
Couldn't believe how easy this all actually was.

Now I'm feeling ready to actually learn more (back door roth maybe!) and try to optimize some more.

I owe a million thanks to everyone here
I am spreading the word

Congratulations!

Spread the word!

dratkinson · Post by **dratkinson** » Wed Apr 07, 2021 12:13 am

Stinky wrote: ↑Tue Apr 06, 2021 9:44 pm
william.don wrote: ↑Tue Apr 06, 2021 8:21 pm I'm really excited that I finally have a retirement plan in place.
I'm young but anxiety around finances kept me putting it off for like 3 years because I just couldn't do it.
1 week on the bogleheads wiki and forum...it's set
I went with the 3 fund with % bonds = age for simplicity.
Couldn't believe how easy this all actually was.

Now I'm feeling ready to actually learn more (back door roth maybe!) and try to optimize some more.

I owe a million thanks to everyone here
I am spreading the word
Congratulations!

Spread the word!

+1

A few years back, I created a wallet-sized handout to give to anyone interested in learning how to invest for their retirement. In this way, they can research everything later, when they have time to think about their retirement.

This is a link to last posted version. (I've tweaked it for readability since then, but this version is good enough to get folks started.)
Wallet handout on learning to invest for retirement: viewtopic.php?p=4404437#p4404437

A440 · Post by **A440** » Wed Apr 07, 2021 6:59 pm

We crossed the 2 million mark today in our investments. It took not quite 7 years from when we reached the 1 million mark. FWIW, we are a one-earner family of 4 and my main profession is a public school teacher.
Many thanks to the great advice from the forum!

Normchad · Post by **Normchad** » Wed Apr 07, 2021 7:05 pm

A440 wrote: ↑Wed Apr 07, 2021 6:59 pm We crossed the 2 million mark today in our investments. It took not quite 7 years from when we reached the 1 million mark. FWIW, we are a one-earner family of 4 and my main profession is a public school teacher.
Many thanks to the great advice from the forum!

Congratulations! That is a very impressive milestone. Keep up the good work and all the best in the future!

retire2022 · Post by **retire2022** » Thu Apr 08, 2021 7:14 pm

Grt2bOutdoors wrote: ↑Tue Mar 17, 2020 8:05 am
retire2022 wrote: ↑Thu Mar 12, 2020 8:24 pm
retire2022 wrote: ↑Sun Dec 01, 2019 2:30 pm Op and all, hit 1.7 million first time ever, portfolio was considered flat and in red for 2019, now triple my annual salary 285K.

Congrats to all

retire2022
op and all topped a couple of weeks ago I hit 1.83 Million and dropped down to 1.35 Million due to Coronavirus. I'm back to 2018 levels
Easy come, easy go. It will be back eventually...

Grt2bOutdoors

Today I hit 2.4 million, and had submitted my retirement application for class of 2021 June 30, 2021 is target exit date.

Grt2bOutdoors · Post by **Grt2bOutdoors** » Thu Apr 08, 2021 7:17 pm

retire2022 wrote: ↑Thu Apr 08, 2021 7:14 pm
Grt2bOutdoors wrote: ↑Tue Mar 17, 2020 8:05 am
retire2022 wrote: ↑Thu Mar 12, 2020 8:24 pm
retire2022 wrote: ↑Sun Dec 01, 2019 2:30 pm Op and all, hit 1.7 million first time ever, portfolio was considered flat and in red for 2019, now triple my annual salary 285K.

Congrats to all

retire2022
op and all topped a couple of weeks ago I hit 1.83 Million and dropped down to 1.35 Million due to Coronavirus. I'm back to 2018 levels
Easy come, easy go. It will be back eventually...
Grt2bOutdoors

Today I hit 2.4 million, and had submitted my retirement application for class of 2021 June 30, 2021 is target exit date.

Congratulations!

Grt2bOutdoors · Post by **Grt2bOutdoors** » Thu Apr 08, 2021 7:21 pm

A440 wrote: ↑Wed Apr 07, 2021 6:59 pm We crossed the 2 million mark today in our investments. It took not quite 7 years from when we reached the 1 million mark. FWIW, we are a one-earner family of 4 and my main profession is a public school teacher.
Many thanks to the great advice from the forum!

Congratulations!

Marseille07 · Post by **Marseille07** » Thu Apr 08, 2021 7:25 pm

retire2022 wrote: ↑Thu Apr 08, 2021 7:14 pm
Grt2bOutdoors wrote: ↑Tue Mar 17, 2020 8:05 am
retire2022 wrote: ↑Thu Mar 12, 2020 8:24 pm
retire2022 wrote: ↑Sun Dec 01, 2019 2:30 pm Op and all, hit 1.7 million first time ever, portfolio was considered flat and in red for 2019, now triple my annual salary 285K.

Congrats to all

retire2022
op and all topped a couple of weeks ago I hit 1.83 Million and dropped down to 1.35 Million due to Coronavirus. I'm back to 2018 levels
Easy come, easy go. It will be back eventually...
Grt2bOutdoors

Today I hit 2.4 million, and had submitted my retirement application for class of 2021 June 30, 2021 is target exit date.

Congrats. Gotta grab a new handle, retire2021.

Firemenot · Post by **Firemenot** » Thu Apr 08, 2021 7:33 pm

Hadn’t run net worth numbers in awhile. Crunched today and was comfortably above 4 million. Hadn’t broken 4 before to my knowledge.

It’s not enough for my current lifestyle with no income (includes 900k home equity) but it is causing me to wonder at what point will I have enough that the extra work time isn’t worth it. Problem is I’m making by far the highest total comp I’ve ever made so NW will move upwardly rapidly now with each additional work year.

elliott1234 · Post by **elliott1234** » Thu Apr 08, 2021 7:41 pm

[Thread merged into here --admin LadyGeek]

It took ~9 years but I got there! I'm 37, never made more than $37,000 a year but maxed out my Roth every year and had some small IRA's + matching from employers. Enjoying it before the market goes down

bogledogle · Post by **bogledogle** » Thu Apr 08, 2021 7:46 pm

Nice! Congrats!

HomeStretch · Post by **HomeStretch** » Thu Apr 08, 2021 7:47 pm

Congratulations on your milestone!

MishkaWorries · Post by **MishkaWorries** » Thu Apr 08, 2021 7:49 pm

A really good job saving

dboeger1 · Post by **dboeger1** » Thu Apr 08, 2021 7:51 pm

Congrats, fellow Boglehead. It's refreshing to hear positive news, seeing as how it tends to happen slowly over many years, while negative stuff just pours in daily. May your next $100k come faster than then 1st!