Post your Financial Milestone Announcements Here

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ship_at_sea
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Re: Post your Financial Milestone Announcements Here

Post by ship_at_sea »

Hit $700K after close last Friday. Nearly doubled over the last 2 years.
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

baptpich wrote: Fri Jun 04, 2021 10:28 am Hi everyone,
first post on the Bogleheads forum for me :)
I'm 29 and just crossed 1/2 million $ this week, I started investing and reading about finance in January 2020 as I moved to the US (bay area) from Europe.
Hoping to join the 2 commas club before end of 2023 :sharebeer
Welcome to the forum, and congratulations :D
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

ship_at_sea wrote: Mon Jun 07, 2021 5:11 pm Hit $700K after close last Friday. Nearly doubled over the last 2 years.
That is just great. Congratulations!
It's a GREAT day to be alive! - Travis Tritt
tony_roach
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Re: Post your Financial Milestone Announcements Here

Post by tony_roach »

tony_roach wrote: Mon Aug 17, 2020 7:19 pm
tony_roach wrote: Fri Oct 25, 2019 7:48 pm 2019 milestones
--Net worth surpassed $1M in Q1 2019 (including home equity)
--Investments surpassed $900K just this past week (looking forward to crossing $1M in just investments)
Update: 2020 milestones
--Net worth surpassed $1.3M in July 2020 (including home equity)
--Investments surpassed $1M in July 2020 (Friendly reminder to stay the course...I passed $900K in Oct 2019, increased to $980K in Feb 2020, went all the way down to $740K during the Covid crash. I kept investing and balance just passed $1M in Jul 2020. Great community, support, experience and knowledge from this forum!)
Update: 2021 milestones
--Net worth $1.84M thru early June (including home)
--Investments/Cash $1.24M thru early June
--Paid off our mortgage this week and completely debt free!
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

tony_roach wrote: Tue Jun 08, 2021 10:32 pm
tony_roach wrote: Mon Aug 17, 2020 7:19 pm
tony_roach wrote: Fri Oct 25, 2019 7:48 pm 2019 milestones
--Net worth surpassed $1M in Q1 2019 (including home equity)
--Investments surpassed $900K just this past week (looking forward to crossing $1M in just investments)
Update: 2020 milestones
--Net worth surpassed $1.3M in July 2020 (including home equity)
--Investments surpassed $1M in July 2020 (Friendly reminder to stay the course...I passed $900K in Oct 2019, increased to $980K in Feb 2020, went all the way down to $740K during the Covid crash. I kept investing and balance just passed $1M in Jul 2020. Great community, support, experience and knowledge from this forum!)
Update: 2021 milestones
--Net worth $1.84M thru early June (including home)
--Investments/Cash $1.24M thru early June
--Paid off our mortgage this week and completely debt free!
Congratulations on paying off the mortgage, and being debt free :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
EnjoyIt
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Re: Post your Financial Milestone Announcements Here

Post by EnjoyIt »

SundayMorning wrote: Wed May 05, 2021 2:04 pm Mortgage is paid off as of today! No one to share this with and my wife is rather pedestrian in her reaction.
So, I figured I would post it here. :D
Congrats...what a great feeling to surpass such a large milestone.
A time to EVALUATE your jitters: | viewtopic.php?p=1139732#p1139732
EnjoyIt
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Re: 2 Comma Club!

Post by EnjoyIt »

uwbadgers wrote: Sat May 08, 2021 6:05 am ...
2. We have cash to pay for large purchases (like the playset!). Going to Disneyworld? We have a bank account we save so the cash is there. Putting a new deck railing on our deck, the cash is on hand before doing the project. I think this mentality works well as we never get behind and are always "ahead" of things.
...
first off, congrats on your accomplishments. Looks like you have a very good strategy for enjoying your money while saving well for retirement. I think the above quoted part portrays very well how it should be done. Pay cash for toys and luxury. If you must finance, then you can't afford it.

Keep up the good work and the balance you have between enjoying and saving your money.
A time to EVALUATE your jitters: | viewtopic.php?p=1139732#p1139732
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MrBobcat
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Re: Post your Financial Milestone Announcements Here

Post by MrBobcat »

Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
That is absolutely awesome. Congratulations!
It's a GREAT day to be alive! - Travis Tritt
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MrBobcat
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Re: Post your Financial Milestone Announcements Here

Post by MrBobcat »

Stinky wrote: Thu Jun 10, 2021 11:43 am
MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
That is absolutely awesome. Congratulations!
Thank you, It's a bit weird/surreal to us. I know it's not necessarily a lot compared to the bogleheads.org peer group but in our real life family/peer groups we are definitely outliers, makes us feel a bit self-conscious even though on outward appearances they wouldn't have a clue.
jay22
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Re: Post your Financial Milestone Announcements Here

Post by jay22 »

MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
Many congrats! :sharebeer
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
Congratulations :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
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luminous
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Re: Post your Financial Milestone Announcements Here

Post by luminous »

Congratulations! That is a huge accomplishment!
55/15/30 US stock/international stock/bonds. Hope to semi-retire in 2022.
AJC408
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Re: Post your Financial Milestone Announcements Here

Post by AJC408 »

I came across this thread late but my wife and I hit $1M in January of 2021 and are now at $1.2M as of this month. I have nobody else to tell except my wife and so I'm glad I can share it here lol.

Congrats to everyone else on their milestones as well!
infotrader
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Re: Post your Financial Milestone Announcements Here

Post by infotrader »

Roth balance passed 1.6m yesterday.
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MrBobcat
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Re: Post your Financial Milestone Announcements Here

Post by MrBobcat »

AJC408 wrote: Fri Jun 11, 2021 9:28 am I came across this thread late but my wife and I hit $1M in January of 2021 and are now at $1.2M as of this month. I have nobody else to tell except my wife and so I'm glad I can share it here lol.

Congrats to everyone else on their milestones as well!
Congrats! That's how we felt too, no one else we were comfortable to tell.
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

AJC408 wrote: Fri Jun 11, 2021 9:28 am I came across this thread late but my wife and I hit $1M in January of 2021 and are now at $1.2M as of this month. I have nobody else to tell except my wife and so I'm glad I can share it here lol.

Congrats to everyone else on their milestones as well!
Congratulations on joining the two comma club :) .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
Grt2bOutdoors
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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors »

MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
Congratulations!
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
Grt2bOutdoors
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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors »

AJC408 wrote: Fri Jun 11, 2021 9:28 am I came across this thread late but my wife and I hit $1M in January of 2021 and are now at $1.2M as of this month. I have nobody else to tell except my wife and so I'm glad I can share it here lol.

Congrats to everyone else on their milestones as well!
Congratulations!
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
deltaneutral83
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Re: Post your Financial Milestone Announcements Here

Post by deltaneutral83 »

MrBobcat wrote: Thu Jun 10, 2021 12:11 pm

Thank you, It's a bit weird/surreal to us. I know it's not necessarily a lot compared to the bogleheads.org peer group but in our real life family/peer groups we are definitely outliers, makes us feel a bit self-conscious even though on outward appearances they wouldn't have a clue.
Congrats, and IMO the only number that matters is how many years of expenses you have socked away that let you live how you want. $3M net worth with $250k in expenses vs. $2M with $60k in expenses; I'd rather be the latter.
TestedTest
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Re: Post your Financial Milestone Announcements Here

Post by TestedTest »

Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
That’s absolutely excellent! And that’s much more wealth than I had at the (tender) age of 26.

Please post back when you hit $100k. It will come faster than you think at the rate that you’re saving.
It's a GREAT day to be alive! - Travis Tritt
Mudpuppy
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Re: Post your Financial Milestone Announcements Here

Post by Mudpuppy »

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
If anything, we should celebrate these initial milestones more than the two-comma club milestones, because you're off to a fantastic start. When I was 26, I was still a starving graduate student adding $10k+ a year in student loans to my plate. So the fact that you're saving 40% at this age is great!
HootingSloth
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Re: Post your Financial Milestone Announcements Here

Post by HootingSloth »

Mudpuppy wrote: Fri Jun 11, 2021 1:52 pm
TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
If anything, we should celebrate these initial milestones more than the two-comma club milestones, because you're off to a fantastic start. When I was 26, I was still a starving graduate student adding $10k+ a year in student loans to my plate. So the fact that you're saving 40% at this age is great!
Yup. At 26, we were around -$250k net worth. Getting to $0 and then to $100k felt like much more important milestones than any of the later ones, and you are off to a fantastic start with a great savings rate.
Global Market Portfolio + modest tilt towards volatility (80/20->60/40 as approach FI) + modest tilt away from exchange rate risk (80% global+20% U.S. stocks; currency-hedge bonds) + tax optimization
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

Welcome to the forum :) .

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
That is an amazing savings rate.

Establishing a high savings rate is the most important investing decision you can make, congratulations.

At age 26 I was just finishing school, married, one child, with a negative net worth.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
Grt2bOutdoors
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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors »

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
Modest you say? Compared to your peers you are doing great! Congratulations! Keep chugging.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
mikejuss
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Re: Post your Financial Milestone Announcements Here

Post by mikejuss »

Mudpuppy wrote: Sun Mar 07, 2021 5:38 pm I was chatting with a co-worker in Zoom the other day, waiting for a meeting to start, when I realized I've reached a small, but important milestone. The co-worker was complaining about how another appliance had broken, and she's having difficulty working around it being broken. She was trying to figure out which credit card she could use to replace the appliance and still be able to afford the minimum payment. She said had she known this one was on its way out, she wouldn't have replaced another appliance of less critical importance that failed last month.

It made me realize that in the last year, I haven't had to bat an eye at replacing my broken microwave or TV, plus I was able to replace my parents' broken laundry machines. I didn't have to budget to replace my tires either. I just replaced them and paid off the credit card at the end of the month. It's truly a freeing, and rather rare milestone in comparison to the average American (probably not rare on Bogleheads though), to be able to weather these unexpected financial expenses straight out of cash reserves without having to play the credit game. I grew up watching my parents play the credit game, and it's a massive source of stress that I don't have in my life.

It's a small milestone, but still one to be acknowledged and celebrated, particularly for the younger Bogleheads like myself that are nowhere near the millionaire's club or paying off their mortgage.
It's sometimes the small things that mean the most. Well done, Mudpuppy.
Sam_957
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Re: Post your Financial Milestone Announcements Here

Post by Sam_957 »

Busy year tuning up the finances!
Age 42 earning 130k, DW 10k. 2 kids under 10.
Trying to hit 25% savings rate. YNAB.
Assets passed 1m this year.
First year on track to fully fund 457 and IRAs.
Investments + pension refund passed 500k.
Net worth at 850k. Present value of future pension benefits included raises this to 1.7m
Term life acquired, will created.

Wife’s contracting work is picking up speed working with a great company and I expect she will soon be earning mid to high 5 figures. The present AND future is looking good. Cheers to you Bogleheads for the advice and inspiration.
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dratkinson
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Re: Post your Financial Milestone Announcements Here

Post by dratkinson »

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
At 26 I was living paycheck to paycheck, working full time, and going to school part time. My epiphany didn't come until many (many,...) years later.

You are so far ahead of the power curve as to be unbelievable. Just wait until next year... and the years to come.

If you maintain your current savings/investing rate, and assuming 7%/yr market return, you'll have $500K after 12 more years (=NPER(0.07,-25000,-50000,500000,0)), and $1M after 18 more years (=NPER(0.07,-25000,-50000,1000000,0)). Unless you advance in your career and begin saving/investing more annually... in which case your milestones will come more quickly. :)

Congratulations!


Suggested library books. (What I wish I'd known at your age.)
--The Only Investment Guide You'll Every Need, Tobias. General personal finance topics.
--The Bogleheads' Guide to Investing. Retirement investing "how to".
--Date... or Soul Mate, Warren. To ensure you avoid the expense of a bad relationship, marriage, divorce.


Welcome.
d.r.a., not dr.a. | I'm a novice investor, you are forewarned.
jsapiandante
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Re: Post your Financial Milestone Announcements Here

Post by jsapiandante »

Posting here since I can't share this milestone with anyone else. Recently reached the double comma club last week in investable assets/cash at age 38/37. I didn't think we'd hit this milestone until my wife turns 40 but here we are. It also means we have reached bare bones FI (basic expenses x25 plus mortgage balance). The last 2 years of market returns plus saving/investing close to $100k a year have doubled our investments in that same time frame. I don't expect to keep going at this rate, but it's nice to know we can scale back and still be okay if we wanted.

Next goal: $2 million!
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

jsapiandante wrote: Mon Jun 14, 2021 2:18 pm Posting here since I can't share this milestone with anyone else. Recently reached the double comma club last week in investable assets/cash at age 38/37. I didn't think we'd hit this milestone until my wife turns 40 but here we are. It also means we have reached bare bones FI (basic expenses x25 plus mortgage balance). The last 2 years of market returns plus saving/investing close to $100k a year have doubled our investments in that same time frame. I don't expect to keep going at this rate, but it's nice to know we can scale back and still be okay if we wanted.

Next goal: $2 million!
Hitting $1 million before the age of 40 is absolutely great! Congratulations on your progress to date and your awesome savings rate.

Please post back when you hit $2 million. It will come sooner than you think.
It's a GREAT day to be alive! - Travis Tritt
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

jsapiandante wrote: Mon Jun 14, 2021 2:18 pm Posting here since I can't share this milestone with anyone else. Recently reached the double comma club last week in investable assets/cash at age 38/37. I didn't think we'd hit this milestone until my wife turns 40 but here we are. It also means we have reached bare bones FI (basic expenses x25 plus mortgage balance). The last 2 years of market returns plus saving/investing close to $100k a year have doubled our investments in that same time frame. I don't expect to keep going at this rate, but it's nice to know we can scale back and still be okay if we wanted.

Next goal: $2 million!
Congratulations on joining the two comma club :D :D
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
Mudpuppy
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Re: Post your Financial Milestone Announcements Here

Post by Mudpuppy »

mikejuss wrote: Fri Jun 11, 2021 4:14 pm
Mudpuppy wrote: Sun Mar 07, 2021 5:38 pm I was chatting with a co-worker in Zoom the other day, waiting for a meeting to start, when I realized I've reached a small, but important milestone. The co-worker was complaining about how another appliance had broken, and she's having difficulty working around it being broken. She was trying to figure out which credit card she could use to replace the appliance and still be able to afford the minimum payment. She said had she known this one was on its way out, she wouldn't have replaced another appliance of less critical importance that failed last month.

It made me realize that in the last year, I haven't had to bat an eye at replacing my broken microwave or TV, plus I was able to replace my parents' broken laundry machines. I didn't have to budget to replace my tires either. I just replaced them and paid off the credit card at the end of the month. It's truly a freeing, and rather rare milestone in comparison to the average American (probably not rare on Bogleheads though), to be able to weather these unexpected financial expenses straight out of cash reserves without having to play the credit game. I grew up watching my parents play the credit game, and it's a massive source of stress that I don't have in my life.

It's a small milestone, but still one to be acknowledged and celebrated, particularly for the younger Bogleheads like myself that are nowhere near the millionaire's club or paying off their mortgage.
It's sometimes the small things that mean the most. Well done, Mudpuppy.
My aging brother-sister pair of cats are currently putting this to the test. The sister cat has developed elderly cat complications that took about $1000 to diagnose and she now requires $50/month in medication for the rest of her life. The brother cat just had bad timing to develop an infection over an extended weekend when my normal vet was closed for many days. Let's just say I have a very low opinion of the emergency vets in this town now, after how they handled this cat's infection. Overall, he's racked up about $2000 in vet bills and had this happened when his normal vet was open, it would have been much lower.

Still, I haven't even had to dip into my high-yield savings account to handle paying the vet bills. I just used the cushion money in my normal checking account for that. That cushion amount was going to be my June charity donations, but I'll have to scale back to just December donations this year given how much they've racked up in veterinary bills.
jsapiandante
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Re: Post your Financial Milestone Announcements Here

Post by jsapiandante »

Stinky wrote: Mon Jun 14, 2021 2:30 pm
jsapiandante wrote: Mon Jun 14, 2021 2:18 pm Posting here since I can't share this milestone with anyone else. Recently reached the double comma club last week in investable assets/cash at age 38/37. I didn't think we'd hit this milestone until my wife turns 40 but here we are. It also means we have reached bare bones FI (basic expenses x25 plus mortgage balance). The last 2 years of market returns plus saving/investing close to $100k a year have doubled our investments in that same time frame. I don't expect to keep going at this rate, but it's nice to know we can scale back and still be okay if we wanted.

Next goal: $2 million!
Hitting $1 million before the age of 40 is absolutely great! Congratulations on your progress to date and your awesome savings rate.

Please post back when you hit $2 million. It will come sooner than you think.
I certainly will. Joined this forum back in 2013 and I can say with absolute certainty that the advice here alone is the cause of our success. Hopefully we can keep this going and want to thank this wonderful forum for everything we’ve learned about finance.
ruralavalon wrote: Mon Jun 14, 2021 3:15 pm [quote=jsapiandante post_id=6065941 time=<a href="tel:1623698285">1623698285</a> user_id=101036]
Posting here since I can't share this milestone with anyone else. Recently reached the double comma club last week in investable assets/cash at age 38/37. I didn't think we'd hit this milestone until my wife turns 40 but here we are. It also means we have reached bare bones FI (basic expenses x25 plus mortgage balance). The last 2 years of market returns plus saving/investing close to $100k a year have doubled our investments in that same time frame. I don't expect to keep going at this rate, but it's nice to know we can scale back and still be okay if we wanted.

Next goal: $2 million!
Congratulations on joining the two comma club :D :D
[/quote]

Thank you for the kind words! Cheers to the next milestone!
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rocket354
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Re: Post your Financial Milestone Announcements Here

Post by rocket354 »

rocket354 wrote: Fri Jan 17, 2020 1:10 pm
rocket354 wrote: Fri Apr 19, 2019 9:14 pm This seems to be the right place.

I just found out today that my net worth crossed $500k. That is especially satisfying to me considering I was at $-150k eight years ago with nearly poverty-level income.

The great recession hit me harder than most due to being heavy in stocks and real estate (in the most bubbly of areas, too) and losing my job at the same time. But what the markets taketh away, the markets also giveth. I'm even heavier in stocks and real estate now and so the last few years have been great. I also--finally--am back to earning decent money so although I know there will be more dips along the way, I'm hoping the growth will accelerate.

Congrats to everyone else on your milestones! :sharebeer
Almost 9 months to the day later, and I've crossed $600k in net worth, with 95%+ of that in investable assets. I'll take this +$100k every 9 months rate for as long as I can get it :D .
Just joined the two-comma club. $1,000,000. (I know you know what the two-comma club means. I just wanted to type that out!)

26 months after 500k. I've been saving like a madman, but most of that is just the returns of the markets (stocks and RE). 95%+ is still in investable assets, which may or may not exceed a million on their own, depending on the unknown "exact" value of my properties.

I'm happy to have my investments double every 26 months. Markets only ever go up...right?
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MrBobcat
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Re: Post your Financial Milestone Announcements Here

Post by MrBobcat »

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
You're doing great. I was just surviving at age 26, the company I worked for put in 3% into our profit sharing (didn't have a 401(k)) and I just didn't have enough to fund an IRA yet.
41Fin
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Re: Post your Financial Milestone Announcements Here

Post by 41Fin »

Small potatoes compared to 99% here but I finally managed to get out of the credit card cycle and stay out for enough time to squirrel away $5k in an emergency fund. Spent the majority of 2019 paying off 0% credit card debt and 2020 going through the cycle of paying off my card monthly just to fill it back up the next month.

Dangerous cycle but I feel pretty good to be out of it. Sadly, I couldn't even tell you where most of the money went.

Thankfully I've always had jobs with good 401k/ESOP plans so I do have $400k saved for retirement (34) but now that I'm out of the hole with a solid plan I feel a lot of stress off my plate.

Again, peanuts to what you see on BH but I'm glad to be on the journey.
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

41Fin wrote: Fri Jun 18, 2021 3:58 pm Small potatoes compared to 99% here but I finally managed to get out of the credit card cycle and stay out for enough time to squirrel away $5k in an emergency fund. Spent the majority of 2019 paying off 0% credit card debt and 2020 going through the cycle of paying off my card monthly just to fill it back up the next month.

Dangerous cycle but I feel pretty good to be out of it. Sadly, I couldn't even tell you where most of the money went.

Thankfully I've always had jobs with good 401k/ESOP plans so I do have $400k saved for retirement (34) but now that I'm out of the hole with a solid plan I feel a lot of stress off my plate.

Again, peanuts to what you see on BH but I'm glad to be on the journey.
Congratulations! Getting out of debt is a BIG DEAL. And having $400k in retirement savings at age 34 is very good.

I'll offer a little unsolicited advice from an old guy - You said above that you "couldn't even tell (us) where most of the money went". Do you track your spending? If so, that's great - but if not, I recommend that you start doing it, at least for a while, just so that you can see where the money is going.

Again - congratulations!
It's a GREAT day to be alive! - Travis Tritt
Investing.Newbie
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Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie »

41Fin wrote: Fri Jun 18, 2021 3:58 pm Small potatoes compared to 99% here but I finally managed to get out of the credit card cycle and stay out for enough time to squirrel away $5k in an emergency fund. Spent the majority of 2019 paying off 0% credit card debt and 2020 going through the cycle of paying off my card monthly just to fill it back up the next month.

Dangerous cycle but I feel pretty good to be out of it. Sadly, I couldn't even tell you where most of the money went.

Thankfully I've always had jobs with good 401k/ESOP plans so I do have $400k saved for retirement (34) but now that I'm out of the hole with a solid plan I feel a lot of stress off my plate.

Again, peanuts to what you see on BH but I'm glad to be on the journey.
Congratulations !! this is a BIG achievement :sharebeer Age is on your side. You are way ahead of your peers !! Wish you the very best :sharebeer
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

41Fin wrote: Fri Jun 18, 2021 3:58 pm Small potatoes compared to 99% here but I finally managed to get out of the credit card cycle and stay out for enough time to squirrel away $5k in an emergency fund. Spent the majority of 2019 paying off 0% credit card debt and 2020 going through the cycle of paying off my card monthly just to fill it back up the next month.

Dangerous cycle but I feel pretty good to be out of it. Sadly, I couldn't even tell you where most of the money went.

Thankfully I've always had jobs with good 401k/ESOP plans so I do have $400k saved for retirement (34) but now that I'm out of the hole with a solid plan I feel a lot of stress off my plate.

Again, peanuts to what you see on BH but I'm glad to be on the journey.
Getting out of credit card debt is huge, it's not peanuts.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
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Re: Post your Financial Milestone Announcements Here

Post by dratkinson »

41Fin wrote: Fri Jun 18, 2021 3:58 pm...
Dangerous cycle but I feel pretty good to be out of it. Sadly, I couldn't even tell you where most of the money went.
Congratulations on getting your CC spending under control.

Some CCs will supply a yearend statement that tells you where the money went.


Disclosure. All my monthly spending (groceries, utilities, insurance, gas,...) is on CC. But it's also set up to pay in-full monthly by ABP (automatic bill payment) tied to checking, so I don't need to think about it (to include paying the CC bill). So it's used like cash, to get the cashback. And since I have few frivolous vices, the CC spending is necessary so I don't feel I need to track it.

Now that you have your spending under control, if you keep it under control, you'll soon realize the same.
d.r.a., not dr.a. | I'm a novice investor, you are forewarned.
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luminous
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Re: Post your Financial Milestone Announcements Here

Post by luminous »

Congratulations 41Fin, getting out of debt is huge! Plus that $400k you have saved for retirement, you are on your way!
55/15/30 US stock/international stock/bonds. Hope to semi-retire in 2022.
WhatsIRR
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Re: Post your Financial Milestone Announcements Here

Post by WhatsIRR »

Just hit $3,000,000 NW, I found an old post that brought me to BH and I was at $1.7M, decided I should start tracking and updated my numbers for June, 2021 and lo and behold it was at $3M.

It’s weird I guess because most of its tied up in 401ks that I can’t get to for years but I don’t feel like a “millionaire”.

My wife is taking a leave from the workforce for a while so our savings will slowdown for the time being.
Doc7
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Re: Post your Financial Milestone Announcements Here

Post by Doc7 »

41Fin wrote: Fri Jun 18, 2021 3:58 pm Small potatoes compared to 99% here but I finally managed to get out of the credit card cycle and stay out for enough time to squirrel away $5k in an emergency fund. Spent the majority of 2019 paying off 0% credit card debt and 2020 going through the cycle of paying off my card monthly just to fill it back up the next month.

Dangerous cycle but I feel pretty good to be out of it. Sadly, I couldn't even tell you where most of the money went.

Thankfully I've always had jobs with good 401k/ESOP plans so I do have $400k saved for retirement (34) but now that I'm out of the hole with a solid plan I feel a lot of stress off my plate.

Again, peanuts to what you see on BH but I'm glad to be on the journey.

This Is not peanuts - this is literally foundational! None of the $2M, $1M, $500K posters earlier in this thread got to where they are without getting rid of CC Debt first.
WhatsIRR
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Re: Post your Financial Milestone Announcements Here

Post by WhatsIRR »

41Fin wrote: Fri Jun 18, 2021 3:58 pm Small potatoes compared to 99% here but I finally managed to get out of the credit card cycle and stay out for enough time to squirrel away $5k in an emergency fund. Spent the majority of 2019 paying off 0% credit card debt and 2020 going through the cycle of paying off my card monthly just to fill it back up the next month.

Dangerous cycle but I feel pretty good to be out of it. Sadly, I couldn't even tell you where most of the money went.

Thankfully I've always had jobs with good 401k/ESOP plans so I do have $400k saved for retirement (34) but now that I'm out of the hole with a solid plan I feel a lot of stress off my plate.

Again, peanuts to what you see on BH but I'm glad to be on the journey.
Between your 401k, emergency fund and having credit cards under control you are light years ahead of your peers and the vast majority of Americans.

Look up the statistics for the average amount people have saved at retirement and how many people don’t have $1000 in savings.

Don’t discount yourself
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Re: Post your Financial Milestone Announcements Here

Post by Normchad »

WhatsIRR wrote: Sat Jun 19, 2021 10:31 pm Just hit $3,000,000 NW, I found an old post that brought me to BH and I was at $1.7M, decided I should start tracking and updated my numbers for June, 2021 and lo and behold it was at $3M.

It’s weird I guess because most of its tied up in 401ks that I can’t get to for years but I don’t feel like a “millionaire”.

My wife is taking a leave from the workforce for a while so our savings will slowdown for the time being.
This is fantastic. One of the best things about all this, is that it gives you options. So your wife can leave the workforce, etc.

Congratulations on all you’ve accomplished!
retire2022
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Re: Post your Financial Milestone Announcements Here

Post by retire2022 »

Marseille07 wrote: 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.
Crossed 2.509 million today first time ever, new all time high!
Marseille07
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Re: Post your Financial Milestone Announcements Here

Post by Marseille07 »

retire2022 wrote: Thu Jun 24, 2021 10:01 pm
Marseille07 wrote: 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

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.
Crossed 2.509 million today first time ever, new all time high!
Very nice! :beer
Average Guy 007
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Perspective

Post by Average Guy 007 »

[Post merged into here --admin LadyGeek]

One of the reasons i came to this forum, was bc i like what I heard about John Bogle several years ago. He paved the way for normal people like me to have a shot at wealth building.

There are so many successful people on this site, I guess i am looking for perspective. My wife and i made mistakes early on, but fought to become 100% debt free over ten years of marriage. She is late 30s, i am mid 40s. 2 kids in grade school.

I just realized this week that our net worth hit 1M.

But I don’t feel anything but exhausted. We both came from very little. Right now, we are struggling mightily to achieve a modest upgrade in housing. She’s got some health issues we are trying to figure out. My job has grown uncertain; it will be hard to replace my income or come close to it, should anything happen. Thankful as we are, it feels like the destination of security keeps getting dragged further out to the right on the timeline.

Of course, if the last year or so has taught us anything, its that you have to be prepared for anything. But at what point can people say with relative confidence, that they will be “ok.”

Being our main bread winner, I’ve just found myself pretty tired lately. And wonder at what point i can perhaps slow things down to a jog - or at least switch from sprinting non
stop, to alternating.

I’m probably in the wrong career but thankful nonetheless. Am grateful for the modest achievements that working for decades has brought. Just feeling winded.
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek »

Average Guy 007 wrote: Mon Jun 28, 2021 8:36 am I just realized this week that our net worth hit 1M.
Welcome, and Congrats! I merged your post into the ongoing discussion.
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