Post your Financial Milestone Announcements Here

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Darth Xanadu
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Re: Post your Financial Milestone Announcements Here

Post by Darth Xanadu »

JS-Elcano wrote: Mon Jul 12, 2021 9:54 pm My net worth reached 1 million today just a few months shy of my 50th birthday :D

Not in my wildest dreams did I ever think this would be possible. Until I made a plan. Now I am targeting 2 million by the time I retire (early).

I am single and can't share reaching this milestone with anyone, so I am excited to post it here with the people who have helped me (thank you everyone on this board!!) and can appreciate this accomplishment :beer

A little bit about my bumpy journey:

- started out late, not investing for retirement until my early 30s (being new to this country I had no clue about 401ks, Roths and IRAs, and my income was low, <30k)
- realized I needed to get my act together as I will have no pension and won't have any family or inheritance to support me in old age
- my income has more than quintupled and I have been plowing 65k into retirement accounts in the last 4 years, maxing out RothIRA, 403b, and 457b, and putting money into a VG brokerage account.
- bought a modest home in a MCOL. some would say it's a starter home, but I am making it my forever home :happy

Next goal: Having 1 million in retirement accounts. Current net worth of 1 million includes 290k in home equity.

I splurged on an excellent bottle of wine tonight to celebrate the day :happy
That's some really great progress, and an awesome accomplishment! Hope you enjoyed the wine, you deserve it.
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

JS-Elcano wrote: Mon Jul 12, 2021 9:54 pm . . . . .
- my income has more than quintupled and I have been plowing 65k into retirement accounts in the last 4 years, maxing out RothIRA, 403b, and 457b, and putting money into a VG brokerage account.
. . . . .
Congratulations, that's outstanding :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
JS-Elcano
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Re: Post your Financial Milestone Announcements Here

Post by JS-Elcano »

gonefishing01 wrote: Mon Jul 12, 2021 10:02 pm
JS-Elcano wrote: Mon Jul 12, 2021 9:54 pm My net worth reached 1 million today just a few months shy of my 50th birthday :D

Not in my wildest dreams did I ever think this would be possible. Until I made a plan. Now I am targeting 2 million by the time I retire (early).

I am single and can't share reaching this milestone with anyone, so I am excited to post it here with the people who have helped me (thank you everyone on this board!!) and can appreciate this accomplishment :beer

A little bit about my bumpy journey:

- started out late, not investing for retirement until my early 30s (being new to this country I had no clue about 401ks, Roths and IRAs, and my income was low, <30k)
- realized I needed to get my act together as I will have no pension and won't have any family or inheritance to support me in old age
- my income has more than quintupled and I have been plowing 65k into retirement accounts in the last 4 years, maxing out RothIRA, 403b, and 457b, and putting money into a VG brokerage account.
- bought a modest home in a MCOL. some would say it's a starter home, but I am making it my forever home :happy

Next goal: Having 1 million in retirement accounts. Current net worth of 1 million includes 290k in home equity.

I splurged on an excellent bottle of wine tonight to celebrate the day :happy
Congratulations! That is some awesome savings work. :beer
Thank you! I view the 1 million as more of a psychological "milestone" rather than a financial one since 1 million (especially when it includes equity of a home that I have no intention of selling) does not really change my financial situation. But it is a signal that I am on the right path and that allows me to SWAN (which is not to underestimated once one approaches 50 :mrgreen: )
JS-Elcano
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Re: Post your Financial Milestone Announcements Here

Post by JS-Elcano »

mtmingus wrote: Tue Jul 13, 2021 7:38 am
JS-Elcano wrote: Mon Jul 12, 2021 9:54 pm My net worth reached 1 million today just a few months shy of my 50th birthday :D

Not in my wildest dreams did I ever think this would be possible. Until I made a plan. Now I am targeting 2 million by the time I retire (early).

I am single and can't share reaching this milestone with anyone, so I am excited to post it here with the people who have helped me (thank you everyone on this board!!) and can appreciate this accomplishment :beer

A little bit about my bumpy journey:

- started out late, not investing for retirement until my early 30s (being new to this country I had no clue about 401ks, Roths and IRAs, and my income was low, <30k)
- realized I needed to get my act together as I will have no pension and won't have any family or inheritance to support me in old age
- my income has more than quintupled and I have been plowing 65k into retirement accounts in the last 4 years, maxing out RothIRA, 403b, and 457b, and putting money into a VG brokerage account.
- bought a modest home in a MCOL. some would say it's a starter home, but I am making it my forever home :happy

Next goal: Having 1 million in retirement accounts. Current net worth of 1 million includes 290k in home equity.

I splurged on an excellent bottle of wine tonight to celebrate the day :happy
Congratulations!
Thank you :sharebeer
JS-Elcano
Posts: 346
Joined: Wed Jun 10, 2020 7:29 pm

Re: Post your Financial Milestone Announcements Here

Post by JS-Elcano »

Darth Xanadu wrote: Tue Jul 13, 2021 8:05 am
JS-Elcano wrote: Mon Jul 12, 2021 9:54 pm My net worth reached 1 million today just a few months shy of my 50th birthday :D

Not in my wildest dreams did I ever think this would be possible. Until I made a plan. Now I am targeting 2 million by the time I retire (early).

I am single and can't share reaching this milestone with anyone, so I am excited to post it here with the people who have helped me (thank you everyone on this board!!) and can appreciate this accomplishment :beer

A little bit about my bumpy journey:

- started out late, not investing for retirement until my early 30s (being new to this country I had no clue about 401ks, Roths and IRAs, and my income was low, <30k)
- realized I needed to get my act together as I will have no pension and won't have any family or inheritance to support me in old age
- my income has more than quintupled and I have been plowing 65k into retirement accounts in the last 4 years, maxing out RothIRA, 403b, and 457b, and putting money into a VG brokerage account.
- bought a modest home in a MCOL. some would say it's a starter home, but I am making it my forever home :happy

Next goal: Having 1 million in retirement accounts. Current net worth of 1 million includes 290k in home equity.

I splurged on an excellent bottle of wine tonight to celebrate the day :happy
That's some really great progress, and an awesome accomplishment! Hope you enjoyed the wine, you deserve it.
Oh, yes, the wine was excellent - old world, an homage to my roots on the other side of the Atlantic, where I learned the balance between being frugal (minimalist) and living life to its fullest.

This board has taken the guess work, insecurity and anxiety out of my investing decisions. Simply knowing how to calculate a best guess for what I need when and for how long made my financial journey possible. Before I found this board I just saved, not knowing toward what end and never knew how I was doing. The knowledge I gained here has made me much more relaxed about my financial future since I know what work needs to be done.
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luminous
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Re: Post your Financial Milestone Announcements Here

Post by luminous »

JS-Elcano wrote: Tue Jul 13, 2021 12:03 pm Oh, yes, the wine was excellent - old world, an homage to my roots on the other side of the Atlantic, where I learned the balance between being frugal (minimalist) and living life to its fullest.

This board has taken the guess work, insecurity and anxiety out of my investing decisions. Simply knowing how to calculate a best guess for what I need when and for how long made my financial journey possible. Before I found this board I just saved, not knowing toward what end and never knew how I was doing. The knowledge I gained here has made me much more relaxed about my financial future since I know what work needs to be done.
Same here. This board is a gift.
55/15/30 US stock/international stock/bonds. Hope to semi-retire in 2022.
PhillyPhan
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Re: Post your Financial Milestone Announcements Here

Post by PhillyPhan »

Is 1.25 Million NW a milestone?

We just crossed this amount so why not post about it right?

Up 225k since Jan 1st 2021.
Approaching 1.1 million invested.
Normchad
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Re: Post your Financial Milestone Announcements Here

Post by Normchad »

PhillyPhan wrote: Tue Jul 13, 2021 9:06 pm Is 1.25 Million NW a milestone?

We just crossed this amount so why not post about it right?

Up 225k since Jan 1st 2021.
Approaching 1.1 million invested.
Heck yes it’s a milestone! Congratulations!
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

PhillyPhan wrote: Tue Jul 13, 2021 9:06 pm Is 1.25 Million NW a milestone?

We just crossed this amount so why not post about it right?

Up 225k since Jan 1st 2021.
Approaching 1.1 million invested.
Yes, I think that definitely qualifies as an important milestone.

Congratulations, and keep saving and investing!
It's a GREAT day to be alive! - Travis Tritt
JS-Elcano
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Re: Post your Financial Milestone Announcements Here

Post by JS-Elcano »

PhillyPhan wrote: Tue Jul 13, 2021 9:06 pm Is 1.25 Million NW a milestone?

We just crossed this amount so why not post about it right?

Up 225k since Jan 1st 2021.
Approaching 1.1 million invested.
Absolutely it is. Congratulations!
BogleRocksDB
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Re: Post your Financial Milestone Announcements Here

Post by BogleRocksDB »

Hello everyone,

First time post. 41 with two pretty awesome kids and an amazing spouse. Grew up financially insecure, including lacking housing and food security at times. Best two things I read were the Bogleheads guide to saving and the Bogleheads wiki w/r/t financial planning. And I have read a lot of books.

I was doing some semi-annual financial planning and realized I hit over $2,150,000 in invested assets. I told my spouse but that's pretty much it. To give a flavor of how heated this market is, my initial future value planning from 2017 showed an expected value about 1.9m by the end of this year.

I basically follow a three fund portfolio, with 70 percent equity (split again 70 pc US, 30 pc ex US) and 30 intermediate bond or similar (like some Bogleheads for a period of time I had access to the ever amazing G fund at the government). I tilt to US over foreign because I believe in a premium to the US for strong rule of law for equity owners that you just don't get outside the US (putting politics aside, really).

No inherited money; finished college at a state school in 3 years, then went to the best grad school that gave me the most money. Paid my own way and started the end of Freshmen year with a negative net worth.

I have always lived below my means. I live in a VHCOL area, and drive a 10 year old 5 passenger SUV with over a 100,000. Our second car mostly sits in the driveway and is somewhat newer. Only 'windfall' was when I purchased a great apartment when everyone was full of fear in 2009. We rented it out for a while and then just sold it for my best return ever because our kids were young and cash flow was a bit tight. I don't regret the decision but it would have been a cool city pad when I was retired. We split the proceeds between investing and mortgage pay down, choosing basically not to make a choice (yes I would have made more money investing all). On paper lost lots of money in COVID and didn't sell a dime/bought under my investment plan.

Planning a splurge on a fancy electric vehicle (maybe) within the next 3-24 months. One trick will be how much to open up the purse strings. Don't get me wrong, we live plenty fancy and are willing to spend on experiences within reason.

Thank you all for your collective wisdom - the rebalancing spreadsheet makes my financial thinking take up about 20 minutes a year, when I rebalance at year end. Sometimes I get itchy at mid year end and check, which led to me recognizing this milestone.
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

BogleRocksDB wrote: Tue Jul 20, 2021 7:37 am Hello everyone,

First time post. 41 with two pretty awesome kids and an amazing spouse. Grew up financially insecure, including lacking housing and food security at times. Best two things I read were the Bogleheads guide to saving and the Bogleheads wiki w/r/t financial planning. And I have read a lot of books.

I was doing some semi-annual financial planning and realized I hit over $2,150,000 in invested assets. I told my spouse but that's pretty much it. To give a flavor of how heated this market is, my initial future value planning from 2017 showed an expected value about 1.9m by the end of this year.

I basically follow a three fund portfolio, with 70 percent equity (split again 70 pc US, 30 pc ex US) and 30 intermediate bond or similar (like some Bogleheads for a period of time I had access to the ever amazing G fund at the government). I tilt to US over foreign because I believe in a premium to the US for strong rule of law for equity owners that you just don't get outside the US (putting politics aside, really).

No inherited money; finished college at a state school in 3 years, then went to the best grad school that gave me the most money. Paid my own way and started the end of Freshmen year with a negative net worth.

I have always lived below my means. I live in a VHCOL area, and drive a 10 year old 5 passenger SUV with over a 100,000. Our second car mostly sits in the driveway and is somewhat newer. Only 'windfall' was when I purchased a great apartment when everyone was full of fear in 2009. We rented it out for a while and then just sold it for my best return ever because our kids were young and cash flow was a bit tight. I don't regret the decision but it would have been a cool city pad when I was retired. We split the proceeds between investing and mortgage pay down, choosing basically not to make a choice (yes I would have made more money investing all). On paper lost lots of money in COVID and didn't sell a dime/bought under my investment plan.

Planning a splurge on a fancy electric vehicle (maybe) within the next 3-24 months. One trick will be how much to open up the purse strings. Don't get me wrong, we live plenty fancy and are willing to spend on experiences within reason.

Thank you all for your collective wisdom - the rebalancing spreadsheet makes my financial thinking take up about 20 minutes a year, when I rebalance at year end. Sometimes I get itchy at mid year end and check, which led to me recognizing this milestone.
Welcome to the Forum!

What an awesome first post! You’re doing everything right. You’ve figured out that the road to financial success is living below your means, and then having an investment plan and sticking to it.

Congratulations! You’re doing great.
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 »

Welcome to the forum :D .

BogleRocksDB wrote: Tue Jul 20, 2021 7:37 am Hello everyone,

First time post. 41 with two pretty awesome kids and an amazing spouse. Grew up financially insecure, including lacking housing and food security at times. Best two things I read were the Bogleheads guide to saving and the Bogleheads wiki w/r/t financial planning. And I have read a lot of books.

I was doing some semi-annual financial planning and realized I hit over $2,150,000 in invested assets. . . .

. . . . . .

No inherited money; finished college at a state school in 3 years, then went to the best grad school that gave me the most money. Paid my own way and started the end of Freshmen year with a negative net worth.

I have always lived below my means. I live in a VHCOL area, and drive a 10 year old 5 passenger SUV with over a 100,000. Our second car mostly sits in the driveway and is somewhat newer. . . .
. . . . .
Congratulations. That's quite an accomplishment.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
DestroyingAngel
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Re: Post your Financial Milestone Announcements Here

Post by DestroyingAngel »

My Wife and I just crossed the $700,000 mark today. I’m 44 years old.
Three years ago (2018) my savings looked like this:
110,000 in my 401K
30,000 in my vanguard Taxable Brokerage
5,500 in my Roth IRA
5,500 in my Wife’s Roth IRA

Two things happened. First, I started a new career in software sales. Second, I found Bogleheads and became obsessed with investing.
Today my savings look like this:
296,000 in my 401K
333,000 in my taxable brokerage
34,500 in my Roth IRA
35,000 in my Wife’s Roth IRA.
15,000 in crypto (shows some of my stupidity)

My house payment is now under $1000 a month, And my basement isn’t finished though I could afford it. I’m very well aware that the last 3 years were likely an earning bonanza that will likely come to an end by the end of this year. I kind of regret saving as much money as I have. I hope it’s worth it, because crossing the threshold is bitter sweet for me. Sweet for meeting a goal, but bitter that I still don’t have the corvette I always wanted, or finished my basement and become such a miser/money hoarder.
Oh well.
Cheers to the Bogleheads, how I’ve tried my best to become one of you. I failed in many Boglehead ways and succeeded in others. I hope to hit 1 million before I turn 46. I think it’s very doable. On to this next goal!
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luminous
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Re: Post your Financial Milestone Announcements Here

Post by luminous »

DestroyingAngel wrote: Thu Jul 22, 2021 8:26 pm My Wife and I just crossed the $700,000 mark today. I’m 44 years old.
Three years ago (2018) my savings looked like this:
110,000 in my 401K
30,000 in my vanguard Taxable Brokerage
5,500 in my Roth IRA
5,500 in my Wife’s Roth IRA

Two things happened. First, I started a new career in software sales. Second, I found Bogleheads and became obsessed with investing.
Today my savings look like this:
296,000 in my 401K
333,000 in my taxable brokerage
34,500 in my Roth IRA
35,000 in my Wife’s Roth IRA.
15,000 in crypto (shows some of my stupidity)

My house payment is now under $1000 a month, And my basement isn’t finished though I could afford it. I’m very well aware that the last 3 years were likely an earning bonanza that will likely come to an end by the end of this year. I kind of regret saving as much money as I have. I hope it’s worth it, because crossing the threshold is bitter sweet for me. Sweet for meeting a goal, but bitter that I still don’t have the corvette I always wanted, or finished my basement and become such a miser/money hoarder.
Oh well.
Cheers to the Bogleheads, how I’ve tried my best to become one of you. I failed in many Boglehead ways and succeeded in others. I hope to hit 1 million before I turn 46. I think it’s very doable. On to this next goal!
Congratulations! You are financially successful by any measure.
55/15/30 US stock/international stock/bonds. Hope to semi-retire in 2022.
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

DestroyingAngel wrote: Thu Jul 22, 2021 8:26 pm My Wife and I just crossed the $700,000 mark today. I’m 44 years old.

. . . . .
Congratulations on the change :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
fatcoffeedrinker
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Re: Post your Financial Milestone Announcements Here

Post by fatcoffeedrinker »

We just hit $7M net worth today (including paid-off home). Our low on 3/23/20 (COVID bottom) was $4.4M. Scary times for many, but we held on, didn't sell and even rebalanced a little.

Thank you all BHers for all of the great info and advice (and thank you HEDGEFUNDIE for HFEA, which definitely helped in achieving this new milestone!).
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

fatcoffeedrinker wrote: Fri Jul 23, 2021 12:22 pm We just hit $7M net worth today (including paid-off home). Our low on 3/23/20 (COVID bottom) was $4.4M. Scary times for many, but we held on, didn't sell and even rebalanced a little.

Thank you all BHers for all of the great info and advice (and thank you HEDGEFUNDIE for HFEA, which definitely helped in achieving this new milestone!).
Congratulations!

That’s a pretty awesome number.
It's a GREAT day to be alive! - Travis Tritt
fatcoffeedrinker
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Re: Post your Financial Milestone Announcements Here

Post by fatcoffeedrinker »

Stinky wrote: Fri Jul 23, 2021 12:25 pm
fatcoffeedrinker wrote: Fri Jul 23, 2021 12:22 pm We just hit $7M net worth today (including paid-off home). Our low on 3/23/20 (COVID bottom) was $4.4M. Scary times for many, but we held on, didn't sell and even rebalanced a little.

Thank you all BHers for all of the great info and advice (and thank you HEDGEFUNDIE for HFEA, which definitely helped in achieving this new milestone!).
Congratulations!

That’s a pretty awesome number.
Thanks Stinky. And thank you for all of your great info on MYGAs, which are now an important part of our FI portfolio.
jarjarM
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Re: Post your Financial Milestone Announcements Here

Post by jarjarM »

fatcoffeedrinker wrote: Fri Jul 23, 2021 12:22 pm We just hit $7M net worth today (including paid-off home). Our low on 3/23/20 (COVID bottom) was $4.4M. Scary times for many, but we held on, didn't sell and even rebalanced a little.

Thank you all BHers for all of the great info and advice (and thank you HEDGEFUNDIE for HFEA, which definitely helped in achieving this new milestone!).
Congrats, so ready to retire soon? :beer
fatcoffeedrinker
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Re: Post your Financial Milestone Announcements Here

Post by fatcoffeedrinker »

jarjarM wrote: Fri Jul 23, 2021 12:43 pm
fatcoffeedrinker wrote: Fri Jul 23, 2021 12:22 pm We just hit $7M net worth today (including paid-off home). Our low on 3/23/20 (COVID bottom) was $4.4M. Scary times for many, but we held on, didn't sell and even rebalanced a little.

Thank you all BHers for all of the great info and advice (and thank you HEDGEFUNDIE for HFEA, which definitely helped in achieving this new milestone!).
Congrats, so ready to retire soon? :beer
Yup. End of 2022 (or at latest, end of Q1 2023). And there will be no OMY (or OMQ).
chazas
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Re: Post your Financial Milestone Announcements Here

Post by chazas »

$3.7m in financial assets, $4m net worth. Divorce recovery is going fine, retirement tentatively planned for end of 2023.
retire2022
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Re: Post your Financial Milestone Announcements Here

Post by retire2022 »

retire2022 wrote: Thu Apr 08, 2021 8:11 pm
Marseille07 wrote: Thu Apr 08, 2021 7:25 pm
Congrats. Gotta grab a new handle, retire2021.
Thanks more confusion to my existing friends here, a good thought though, I had 2022 because I figured at 62 was earliest I was expecting to retire.

I never thought I was going to exit at 60.
Hit 2.6 million today a new milestone, yay!
Marseille07
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Re: Post your Financial Milestone Announcements Here

Post by Marseille07 »

retire2022 wrote: Fri Aug 06, 2021 12:07 am
retire2022 wrote: Thu Apr 08, 2021 8:11 pm
Marseille07 wrote: Thu Apr 08, 2021 7:25 pm
Congrats. Gotta grab a new handle, retire2021.
Thanks more confusion to my existing friends here, a good thought though, I had 2022 because I figured at 62 was earliest I was expecting to retire.

I never thought I was going to exit at 60.
Hit 2.6 million today a new milestone, yay!
Congratulations! :sharebeer
Grt2bOutdoors
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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors »

retire2022 wrote: Fri Aug 06, 2021 12:07 am
retire2022 wrote: Thu Apr 08, 2021 8:11 pm
Marseille07 wrote: Thu Apr 08, 2021 7:25 pm
Congrats. Gotta grab a new handle, retire2021.
Thanks more confusion to my existing friends here, a good thought though, I had 2022 because I figured at 62 was earliest I was expecting to retire.

I never thought I was going to exit at 60.
Hit 2.6 million today a new milestone, yay!
Congratulations! :sharebeer
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
Green Street
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Re: Post your Financial Milestone Announcements Here

Post by Green Street »

Decided to run the numbers today and realized I joined the two comma club! Can’t really celebrate with others about it… but it is what it is. It’s bitter sweet, a lot of sacrifice went into this journey but I’m ready for the next leg, going to go to dinner with the SO and have something nice! This forum has been invaluable to and I appreciate everyone here!
Searching Through The FiRE
Green Street
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Re: Post your Financial Milestone Announcements Here

Post by Green Street »

Decided to run the numbers today and realized I joined the two comma club! Can’t really celebrate with others about it… but it is what it is. It’s bitter sweet, a lot of sacrifice went into this journey but I’m ready for the next leg, going to go to dinner with the SO and have something nice! This forum has been invaluable to and I appreciate everyone here!
Searching Through The FiRE
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

Green Street wrote: Mon Aug 09, 2021 11:11 am Decided to run the numbers today and realized I joined the two comma club! Can’t really celebrate with others about it… but it is what it is. It’s bitter sweet, a lot of sacrifice went into this journey but I’m ready for the next leg, going to go to dinner with the SO and have something nice! This forum has been invaluable to and I appreciate everyone here!
Congratulations on joining the two comma club :D . Enjoy your dinner and night out.
"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 »

Green Street wrote: Mon Aug 09, 2021 11:11 am Decided to run the numbers today and realized I joined the two comma club! Can’t really celebrate with others about it… but it is what it is. It’s bitter sweet, a lot of sacrifice went into this journey but I’m ready for the next leg, going to go to dinner with the SO and have something nice! This forum has been invaluable to and I appreciate everyone here!
Very impressive. Congratulations!

Have a nice dinner, and maybe a bottle of wine, to celebrate.
It's a GREAT day to be alive! - Travis Tritt
as9
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Re: Post your Financial Milestone Announcements Here

Post by as9 »

as9 wrote: Thu Feb 04, 2021 9:02 am
as9 wrote: Tue May 26, 2020 8:38 pm Hit 300k NW today (age 35). Far too much of it is home equity, but working on that.
Hit 400k yesterday. Feels good to be making progress.
500k at the close yesterday. That is a nice round number. Can't wait to double it!
Silverado
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Re: Post your Financial Milestone Announcements Here

Post by Silverado »

as9 wrote: Thu Aug 12, 2021 9:22 am
as9 wrote: Thu Feb 04, 2021 9:02 am
as9 wrote: Tue May 26, 2020 8:38 pm Hit 300k NW today (age 35). Far too much of it is home equity, but working on that.
Hit 400k yesterday. Feels good to be making progress.
500k at the close yesterday. That is a nice round number. Can't wait to double it!
Congrats! The heavy lifting is done, just keep doing what you are doing and you’ll be back to share that doubling before you know it.
fcf18
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Re: Post your Financial Milestone Announcements Here

Post by fcf18 »

as9 wrote: Thu Aug 12, 2021 9:22 am
as9 wrote: Thu Feb 04, 2021 9:02 am
as9 wrote: Tue May 26, 2020 8:38 pm Hit 300k NW today (age 35). Far too much of it is home equity, but working on that.
Hit 400k yesterday. Feels good to be making progress.
500k at the close yesterday. That is a nice round number. Can't wait to double it!
Congratulations, you are on a super fast pace to 1M
Krischi
Posts: 100
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Re: Crossed $250,000 for first time

Post by Krischi »

I tallied up our current assets and noticed that we’ve quietly crossed over into the two-comma club. Some of it is home equity, but much less than a third of the total. Investments and savings have been on a tear. We couldn’t have done it without this forum. :sharebeer

Next goal: be able to work because I want to, not because I have to, in at most 14 years from now.
Krischi wrote: Tue May 08, 2018 11:23 am We just crossed $250,000 in investments for the first time yesterday. :sharebeer

The contribution of this forum has been invaluable. When I joined in December 2014, we had just $42k in invested assets to our name, and a wife who wasn’t fully on board re the need for retirement planning. Now she is all in, we have made big strides, and we are on a good path. A big thank you to everyone here!
Silverado
Posts: 777
Joined: Fri Oct 18, 2013 6:07 pm

Re: Crossed $250,000 for first time

Post by Silverado »

Krischi wrote: Fri Aug 13, 2021 6:38 pm I tallied up our current assets and noticed that we’ve quietly crossed over into the two-comma club. Some of it is home equity, but much less than a third of the total. Investments and savings have been on a tear. We couldn’t have done it without this forum. :sharebeer

Next goal: be able to work because I want to, not because I have to, in at most 14 years from now.
Krischi wrote: Tue May 08, 2018 11:23 am We just crossed $250,000 in investments for the first time yesterday. :sharebeer

The contribution of this forum has been invaluable. When I joined in December 2014, we had just $42k in invested assets to our name, and a wife who wasn’t fully on board re the need for retirement planning. Now she is all in, we have made big strides, and we are on a good path. A big thank you to everyone here!
Awesome! That is great progress in the last few years. Keep it up.
dru808
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Re: Crossed $250,000 for first time

Post by dru808 »

Krischi wrote: Fri Aug 13, 2021 6:38 pm I tallied up our current assets and noticed that we’ve quietly crossed over into the two-comma club. Some of it is home equity, but much less than a third of the total. Investments and savings have been on a tear. We couldn’t have done it without this forum. :sharebeer

Next goal: be able to work because I want to, not because I have to, in at most 14 years from now.
Krischi wrote: Tue May 08, 2018 11:23 am We just crossed $250,000 in investments for the first time yesterday. :sharebeer

The contribution of this forum has been invaluable. When I joined in December 2014, we had just $42k in invested assets to our name, and a wife who wasn’t fully on board re the need for retirement planning. Now she is all in, we have made big strides, and we are on a good path. A big thank you to everyone here!
That was a nice jump, congrats :sharebeer 🎉
50 | 25 | 25 | sptm | schd | vigi
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familythriftmd
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Re: Post your Financial Milestone Announcements Here

Post by familythriftmd »

Back to broke! (assets minus medical school debt) :happy
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

familythriftmd wrote: Sat Aug 14, 2021 8:52 am Back to broke! (assets minus medical school debt) :happy
I assume you were negative before? :confused

If so, your move back to "broke" is a positive! Congratulations. And best of luck in paying down your medical school debt (quickly, I hope).
It's a GREAT day to be alive! - Travis Tritt
novemberrain
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Re: Post your Financial Milestone Announcements Here

Post by novemberrain »

:sharebeer
Last edited by novemberrain on Tue Aug 17, 2021 10:53 pm, edited 1 time in total.
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familythriftmd
Posts: 396
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Re: Post your Financial Milestone Announcements Here

Post by familythriftmd »

Stinky wrote: Sat Aug 14, 2021 11:06 am
familythriftmd wrote: Sat Aug 14, 2021 8:52 am Back to broke! (assets minus medical school debt) :happy
I assume you were negative before? :confused

If so, your move back to "broke" is a positive! Congratulations. And best of luck in paying down your medical school debt (quickly, I hope).
Sorry, yes I was liabilities > assets. Will do public service loan forgiveness but aggressively save in parallel.
bigriverexpress
Posts: 1
Joined: Tue Aug 17, 2021 3:10 am

Re: Post your Financial Milestone Announcements Here

Post by bigriverexpress »

[Long time listener, first time caller]

In our early 30's with two kids under 2, my wife and I have reached $890k ($750k liquid and $140k home equity).

I'm becoming aware of the need to remind myself to be proud of where we are as the inevitable "next" goal/barrier/concern always creates tunnel vision. Five years ago me would be ecstatic with our progress and "success" at this point. The battle of perspective and harvesting satisfaction on the journey becomes the objective.

Can we stay off the hedonic treadmill and remain satisfied with our perfectly comfortable home and lifestyle?
How will I pull back from the financial optimizing and redirect time/money/emotional energy to family and self?
What does financial "growth" look like in my future - more zeroes in the brokerage accounts? A spacious home offering more luxury and comfort? Land for my family roam?

I look forward to exploring these questions and thank every member of this forum for the immeasurable impact on my motivation, education, perspective.
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luminous
Posts: 379
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Re: Post your Financial Milestone Announcements Here

Post by luminous »

bigriverexpress wrote: Tue Aug 17, 2021 3:36 am [Long time listener, first time caller]

In our early 30's with two kids under 2, my wife and I have reached $890k ($750k liquid and $140k home equity).

I'm becoming aware of the need to remind myself to be proud of where we are as the inevitable "next" goal/barrier/concern always creates tunnel vision. Five years ago me would be ecstatic with our progress and "success" at this point. The battle of perspective and harvesting satisfaction on the journey becomes the objective.

Can we stay off the hedonic treadmill and remain satisfied with our perfectly comfortable home and lifestyle?
How will I pull back from the financial optimizing and redirect time/money/emotional energy to family and self?
What does financial "growth" look like in my future - more zeroes in the brokerage accounts? A spacious home offering more luxury and comfort? Land for my family roam?

I look forward to exploring these questions and thank every member of this forum for the immeasurable impact on my motivation, education, perspective.
Congratulations! That is some fantastic savings success. Sounds like you are asking yourself all the right and tough questions. The hedonic treadmill is definitely one I struggle with as well. Welcome to the forum.
55/15/30 US stock/international stock/bonds. Hope to semi-retire in 2022.
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

bigriverexpress wrote: Tue Aug 17, 2021 3:36 am [Long time listener, first time caller]

In our early 30's with two kids under 2, my wife and I have reached $890k ($750k liquid and $140k home equity).

I'm becoming aware of the need to remind myself to be proud of where we are as the inevitable "next" goal/barrier/concern always creates tunnel vision. Five years ago me would be ecstatic with our progress and "success" at this point. The battle of perspective and harvesting satisfaction on the journey becomes the objective.

Can we stay off the hedonic treadmill and remain satisfied with our perfectly comfortable home and lifestyle?
How will I pull back from the financial optimizing and redirect time/money/emotional energy to family and self?
What does financial "growth" look like in my future - more zeroes in the brokerage accounts? A spacious home offering more luxury and comfort? Land for my family roam?

I look forward to exploring these questions and thank every member of this forum for the immeasurable impact on my motivation, education, perspective.
Welcome to the Forum!

You’ve doing great! Being in your early 30s with a net worth approaching $1 million is fantastic. You’re clearly living below your income.

I’d encourage you to post your portfolio and financial situation using the prescribed format. You’ll get a lot of good feedback from smart, thoughtful folks. They’ll be able to help you level-set and chart a path forward.

I’d also encourage you to focus on your family. With a wife and two kids under 2, you definitely have your hands full. These early years are developmentally important for your kids, and I’d hate to see you over-work or over-focus on your finances to the detriment of your family. Many years ago, we had three children under age 2, and I understand and can relate to what you must be feeling. Focus on the family - you won’t regret it.

Again, congratulations on your financial success.
It's a GREAT day to be alive! - Travis Tritt
QuietYurMind
Posts: 1
Joined: Tue Aug 17, 2021 12:57 pm

Re: Post your Financial Milestone Announcements Here

Post by QuietYurMind »

Hello Everyone,
First time posting as a Boglehead. Before posting my milestone, I'd like to thank the group for hours of informative and entertaining reading. When I found this site, I was amazed at the wide range of topics discussed here. So much good information.

Anyway, on to the milestone.
DW and I sold our RV yesterday and that put our savings and investments over 1 million for the first time ever.
We are both 55, so it was not a quick journey, but it sure felt good to get there. It's really just a number that doesn't mean much without the context of spending, but I can tell you that when we married over 30 years ago , we never thought we would see this day.

So we logged the number in our finance book and immediately transferred enough $ to payoff our home, land, and a small car loan.
Now we are no longer millionaires :oops:
Back down to $930K, but we should re-reach the goal soon. Now that we are out of debt and still working, our monthly expenses are $2700 while our gross income is $13,750.

Next step is to start allocating $ towards equities and find an asset allocation we can both live with going forward.

Take Care Bogleheads.
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

Welcome to the forum :D .

QuietYurMind wrote: Tue Aug 17, 2021 1:22 pm . . . . .
Anyway, on to the milestone.
DW and I sold our RV yesterday and that put our savings and investments over 1 million for the first time ever.
. . . . .
So we logged the number in our finance book and immediately transferred enough $ to payoff our home, land, and a small car loan.

Now we are no longer millionaires :oops:
Back down to $930K, but we should re-reach the goal soon. Now that we are out of debt and still working, our monthly expenses are $2700 while our gross income is $13,750.
. . . ..
Congratulations on joining the two comma club, even if only temporarily.

Congratulations on paying off your debt.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
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dratkinson
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Re: Post your Financial Milestone Announcements Here

Post by dratkinson »

ruralavalon wrote: Tue Aug 17, 2021 2:01 pm Welcome to the forum :D .

QuietYurMind wrote: Tue Aug 17, 2021 1:22 pm . . . . .
Anyway, on to the milestone.
DW and I sold our RV yesterday and that put our savings and investments over 1 million for the first time ever.
. . . . .
So we logged the number in our finance book and immediately transferred enough $ to payoff our home, land, and a small car loan.

Now we are no longer millionaires :oops:
Back down to $930K, but we should re-reach the goal soon. Now that we are out of debt and still working, our monthly expenses are $2700 while our gross income is $13,750.
. . . ..
Congratulations on joining the two comma club, even if only temporarily.

Congratulations on paying off your debt.
Ditto.

Welcome.
d.r.a., not dr.a. | I'm a novice investor, you are forewarned.
Silversides
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Joined: Mon Jan 18, 2021 10:46 am

Re: Post your Financial Milestone Announcements Here

Post by Silversides »

(This entire year has been a milestone for me behaviorally-speaking. Until recently, I literally didn't know what 90% of the following list even meant!)

Bogleheads,

Its been a busy year since joining the forum and I stop here daily for a drink of the Kool-Aid!

Here's the back of my baseball card so far... all thanks to you:

- Added tax and fee efficient ETFs to taxable (VTI, VUXS) while exiting a mish mosh of ill-advised, pre-Boglehead equities and mutual funds
- Set up Treasury Direct for emergency fund; taxable as EF had become too large, risky and lacked clear intent (effectively all 'funny money')
- Will perform my first tax loss harvest (TLH) this year per the above
- Dropped wife's high-ER TDFs in favor of low-cost Vanguard & Fidelity index funds and mirrored the TDF AAs (~ 70 bps savings x2 accounts)
- Removed Bonds from 2x Roth accounts to maximize long term, tax-free growth (upped pre-tax account bond mix to keep AA in check)
- Got library app and listened to a dozen FREE audiobooks: Larimore, Lindauer, Ferri, Zweig, Malkiel, Bogle, Bernstein, Clements, etc.
- Upped wife's 403(b) contributions to the max ("until it hurts")
- Upped contributions to 2x Roth accounts after a long dry spell ("until it hurts")
- Stopped contributing to 529s (optimizing investment sequence.. hope to restart with future pay raises)
- Contacted estate attorney to complete long-overdue will & trust
- Finally read and understand my workplace pension plan literature and how it will impact my portfolio needs (as they are today)
- Opened Fidelity cash management account & 2% rewards card for fee-less cash withdraws overseas and true 'one stop shopping'
- All income, expenses, assets & liabilities now in Mint for tracking on the app (we don't follow a budget but do LBYM)
- Built detailed rebalancing spreadsheet to monitor risk across accounts and direct moves ('stay the course', 'nobody knows nothing')
- Best for last: Wrote a simple IPS

Surely there's more but you get the idea...

With gratitude,
Silversides
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

Silversides wrote: Thu Aug 26, 2021 9:02 am (This entire year has been a milestone for me behaviorally-speaking. Until recently, I literally didn't know what 90% of the following list even meant!)

Bogleheads,

Its been a busy year since joining the forum and I stop here daily for a drink of the Kool-Aid!

Here's the back of my baseball card so far... all thanks to you:

- Added tax and fee efficient ETFs to taxable (VTI, VUXS) while exiting a mish mosh of ill-advised, pre-Boglehead equities and mutual funds
- Set up Treasury Direct for emergency fund; taxable as EF had become too large, risky and lacked clear intent (effectively all 'funny money')
- Will perform my first tax loss harvest (TLH) this year per the above
- Dropped wife's high-ER TDFs in favor of low-cost Vanguard & Fidelity index funds and mirrored the TDF AAs (~ 70 bps savings x2 accounts)
- Removed Bonds from 2x Roth accounts to maximize long term, tax-free growth (upped pre-tax account bond mix to keep AA in check)
- Got library app and listened to a dozen FREE audiobooks: Larimore, Lindauer, Ferri, Zweig, Malkiel, Bogle, Bernstein, Clements, etc.
- Upped wife's 403(b) contributions to the max ("until it hurts")
- Upped contributions to 2x Roth accounts after a long dry spell ("until it hurts")
- Stopped contributing to 529s (optimizing investment sequence.. hope to restart with future pay raises)
- Contacted estate attorney to complete long-overdue will & trust
- Finally read and understand my workplace pension plan literature and how it will impact my portfolio needs (as they are today)
- Opened Fidelity cash management account & 2% rewards card for fee-less cash withdraws overseas and true 'one stop shopping'
- All income, expenses, assets & liabilities now in Mint for tracking on the app (we don't follow a budget but do LBYM)
- Built detailed rebalancing spreadsheet to monitor risk across accounts and direct moves ('stay the course', 'nobody knows nothing')
- Best for last: Wrote a simple IPS

Surely there's more but you get the idea...

With gratitude,
Silversides
It sounds like you’ve had an absolutely great year, financially speaking.

Congratulations on all the very positive steps that you’ve taken.

Keep visiting and learning from the Forum.
It's a GREAT day to be alive! - Travis Tritt
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ruralavalon
Posts: 22137
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Location: Illinois

Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

Silversides wrote: Thu Aug 26, 2021 9:02 am (This entire year has been a milestone for me behaviorally-speaking. Until recently, I literally didn't know what 90% of the following list even meant!)

Bogleheads,

Its been a busy year since joining the forum and I stop here daily for a drink of the Kool-Aid!

Here's the back of my baseball card so far... all thanks to you:
. . . . .
Congratulations, that is outstanding progress :D .

Stay the course.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
Whakamole
Posts: 1426
Joined: Wed Jan 13, 2016 9:59 pm

Re: Post your Financial Milestone Announcements Here

Post by Whakamole »

NW broke through $2.5M yesterday, all in investments. NW has been on an absolute tear recently, the only good thing over the past year or so. I don't live on much, so if I continued to subsist on current standard of living and didn't take many trips, the finances for ER work now. Not doing it yet, since pay is very good and travel is very difficult. Hopefully in the next few years.

I'm two paychecks from filling up my 401(k) - tax-deferred, catchup (eligible this year!), and mega backdoor - IRA, HSA, and maximum I-bonds through a personal account and trust. Including corporate match, that's $95K. Whew! :shock:
Wannaretireearly
Posts: 1877
Joined: Wed Mar 31, 2010 4:39 pm

Re: Post your Financial Milestone Announcements Here

Post by Wannaretireearly »

Whakamole wrote: Sat Aug 28, 2021 1:27 pm NW broke through $2.5M yesterday, all in investments. NW has been on an absolute tear recently, the only good thing over the past year or so. I don't live on much, so if I continued to subsist on current standard of living and didn't take many trips, the finances for ER work now. Not doing it yet, since pay is very good and travel is very difficult. Hopefully in the next few years.

I'm two paychecks from filling up my 401(k) - tax-deferred, catchup (eligible this year!), and mega backdoor - IRA, HSA, and maximum I-bonds through a personal account and trust. Including corporate match, that's $95K. Whew! :shock:
Nice job! $95k savings is huge 👌
Death and taxes. Only one is under your control!
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