Post your Financial Milestone Announcements Here

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Dottie57
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Re: Post your Financial Milestone Announcements Here

Post by Dottie57 » Fri Apr 20, 2018 9:37 am

If I include paid of home, net worth has hit 1,600,000. Never, ever thought I would have this much.

Retired Dottie.
Last edited by Dottie57 on Fri Apr 20, 2018 1:46 pm, edited 1 time in total.

voodoo72
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Re: Post your Financial Milestone Announcements Here

Post by voodoo72 » Fri Apr 20, 2018 10:08 am

lostdog wrote:
Fri Apr 20, 2018 9:07 am
voodoo72 wrote:
Thu Apr 19, 2018 10:56 am
Hi Bogle heads, Myself and the wife have also hit a big milestone as well my networth as it stands today is about 2,000,000. About a decade ago back in 2009 I had a networth about -450,000 :shock: . The majority of that about 487,000 for a practice note for a start up dental office and 475K home mortgage. Thru hardwork and paying off my practice note last year and investing from day one thru thick and thin it has paid off.
Wow!!!! Amazing. Going from negative to 2mill positive in a decade.. :sharebeer
Thanks it was quite scary opening up a business back in 2009, everyone said "don't do it, now is not the time for a start up of any sort" in reality that was the time in the sense that I leased an amazing retail space for little with excellent terms and I was able to negotiate with equipment vendors for great prices. Also with just plain being lucky to star throwing money in a bull market that went on for close to 9 years.

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Sandtrap
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Re: Post your Financial Milestone Announcements Here

Post by Sandtrap » Fri Apr 20, 2018 11:31 am

Dottie57 wrote:
Fri Apr 20, 2018 9:37 am
If I include paid of home, net worth has hit 1,600,000. Never, ever thought I would have this much.

Retired Dottie.
Congratulations "Dottie"
:sharebeer

aloha,
jim :D

Dottie57
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Re: Post your Financial Milestone Announcements Here

Post by Dottie57 » Fri Apr 20, 2018 1:45 pm

Sandtrap wrote:
Fri Apr 20, 2018 11:31 am
Dottie57 wrote:
Fri Apr 20, 2018 9:37 am
If I include paid of home, net worth has hit 1,600,000. Never, ever thought I would have this much.

Retired Dottie.
Congratulations "Dottie"
:sharebeer

aloha,
jim :D
Thanks!

Casey Ryback
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Re: Post your Financial Milestone Announcements Here

Post by Casey Ryback » Fri Apr 20, 2018 2:45 pm

Just hit 1,000,000 net worth last month. I’m 33 and my wife is 31. One goal is to increase my taxable account, as most of my assets are in 401ks, IRAs, and 529s. The other goal is to hit 2,000,000 by 40. I owe a lot to this group.

ny_rn
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Re: Post your Financial Milestone Announcements Here

Post by ny_rn » Fri Apr 20, 2018 3:09 pm

Casey Ryback wrote:
Fri Apr 20, 2018 2:45 pm
Just hit 1,000,000 net worth last month. I’m 33 and my wife is 31. One goal is to increase my taxable account, as most of my assets are in 401ks, IRAs, and 529s. The other goal is to hit 2,000,000 by 40. I owe a lot to this group.
Amazing work, Casey.

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Sandtrap
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Re: Post your Financial Milestone Announcements Here

Post by Sandtrap » Fri Apr 20, 2018 9:34 pm

Casey Ryback wrote:
Fri Apr 20, 2018 2:45 pm
Just hit 1,000,000 net worth last month. I’m 33 and my wife is 31. One goal is to increase my taxable account, as most of my assets are in 401ks, IRAs, and 529s. The other goal is to hit 2,000,000 by 40. I owe a lot to this group.
That is amazing!
By age 33!
Wow :shock:
Congratulations :sharebeer
How did you do it?

j

Darth Xanadu
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Re: Post your Financial Milestone Announcements Here

Post by Darth Xanadu » Sat Apr 21, 2018 12:35 am

I am now a member of the 3-comma club. I never imagined achieving this level but at the same time, I don't really feel any different. I guess at the end of the day, a number is just a symbol, and a nebulous one at that.

DX


EDIT: Wait, I just looked more closely and that third comma is clearly a decimal point. Old eyes. So, I guess I've joined the 2-comma club. I'm glad I didn't hit send on my resignation email to my boss.

Looking forward to the next milestone: 2 comma club in liquid assets!
My friends said stick to your guns, but instead I just got stuck.

Casey Ryback
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Re: Post your Financial Milestone Announcements Here

Post by Casey Ryback » Sat Apr 21, 2018 6:56 pm

Sandtrap wrote:
Fri Apr 20, 2018 9:34 pm
Casey Ryback wrote:
Fri Apr 20, 2018 2:45 pm
Just hit 1,000,000 net worth last month. I’m 33 and my wife is 31. One goal is to increase my taxable account, as most of my assets are in 401ks, IRAs, and 529s. The other goal is to hit 2,000,000 by 40. I owe a lot to this group.
That is amazing!
By age 33!
Wow :shock:
Congratulations :sharebeer
How did you do it?

j
Both my wife and I have professional degrees (not medicine) without student loans. Our salaries aren’t high, but we live in a low COL area. We have maxed out our 401ks, back door Roths, and have put $20,000 in 529s for the past number of years. All in sp500 or total market. The market has been the greatest contributor. With the remainder, I have invested in some community bank stock (not much) and some in a taxable brokerage account (almost $100k balance). I do keep $100k in a money market for an emergency fund. More than necessary but makes me feel comfortable. Our only debt is a $240k mortgage on a house we purchased 2 years ago. We have a 3.45% interest rate, so I’m in no hurry to pay it down.

***I forgot to add that last year my company began allowing after tax 401k contributions, so now I’m doing a mega backdoor Roth, which has taken all that I would have otherwise contributed to taxable accounts.

Kuota Rider
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Paid Off Mortgage Today

Post by Kuota Rider » Sat Apr 28, 2018 8:09 am

[Thread merged into here, see below. --admin LadyGeek]

Paid off my mortgage today so I just wanted to send a shout out to everyone for the continued education and encouragement over the years. 100% debt free.

Happy weekend.

PFInterest
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Re: Paid Off Mortgage Today

Post by PFInterest » Sat Apr 28, 2018 8:17 am

:sharebeer

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welderwannabe
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Re: Paid Off Mortgage Today

Post by welderwannabe » Sat Apr 28, 2018 8:18 am

I did that a few months ago. It is a great feeling. Congratulations! :beer :beer :beer
I am not an investment professional, but I did stay at a Holiday Inn Express last night.

notmyhand
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Re: Paid Off Mortgage Today

Post by notmyhand » Sat Apr 28, 2018 8:23 am

Congratulations! How exciting!

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cfs
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Re: Paid Off Mortgage Today

Post by cfs » Sat Apr 28, 2018 11:39 am

How do you feel? What a great day!!

Additional information on the following post:

-- I did it and feel good about it (paid off mortgage): viewtopic.php?t=226220

And here

-- Post your Financial Milestone Announcements Here: viewtopic.php?f=9&t=237368

Now go out there and enjoy! Good luck, y gracias por leer ~cfs~
~ Member of the Active Retired Force since 2014 ~

WannabeBogleHead01
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Re: Paid Off Mortgage Today

Post by WannabeBogleHead01 » Sat Apr 28, 2018 1:08 pm

Congrats! Looking forward to the day myself.

Dottie57
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Re: Paid Off Mortgage Today

Post by Dottie57 » Sat Apr 28, 2018 3:02 pm

Congratulations - such a great accomplishment!

JoeRetire
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Re: Paid Off Mortgage Today

Post by JoeRetire » Sat Apr 28, 2018 3:12 pm

Kuota Rider wrote:
Sat Apr 28, 2018 8:09 am
Paid off my mortgage today so I just wanted to send a shout out to everyone for the continued education and encouragement over the years.
Congratulations!

Can you share your reasoning - why you decided to pay it off and what other options you considered?
Perhaps you could indicate how much mortgage you paid off, how many years remained, and at what rate. Your age and other financial situation would be useful, too.

I'm always curious about the context of these decisions.

I remortgaged to a 15 year term on my primary residence years ago and eventually it was paid off. I hold a 30 year mortgage on my second home (soon to be my retirement home). I haven't yet decided if I'll pay that off or not. I'm leaning toward not, but have another year or two before we sell the current primary residence and move there permanently. For now, I feel I'll be better off keeping more money invested than being mortgage free, but could change my mind if the market takes a bad turn. I can afford to handle it whichever way makes the most sense.
Last edited by JoeRetire on Sat Apr 28, 2018 3:18 pm, edited 2 times in total.

student
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Re: Paid Off Mortgage Today

Post by student » Sat Apr 28, 2018 3:13 pm

Congratulations.

ThePrince
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Re: Paid Off Mortgage Today

Post by ThePrince » Sat Apr 28, 2018 3:23 pm

Congratulations! I can’t wait for that day myself.

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bottlecap
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Re: Paid Off Mortgage Today

Post by bottlecap » Sat Apr 28, 2018 3:24 pm

Congratulations! Not quite there yet myself....

mouses
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Re: Paid Off Mortgage Today

Post by mouses » Sat Apr 28, 2018 3:36 pm

Do a little dance. Okay, maybe a medium-sized dance :-)

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Watty
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Re: Paid Off Mortgage Today

Post by Watty » Sat Apr 28, 2018 6:18 pm

Congratulations!

Here are suggestions that I have posted before for things to do after the mortgage is paid off,
A couple of things to put on your list of things to do.

1) Contact your home insurance company to have the lender taken off your home insurance policy. You may be able to raise your deductible if you want to.

2) In a few months when the paperwork has had time to clear double check with your local county, or whoever takes care of recording liens in your area, to make sure that the mortgage lien was actually removed. Do this even if you get paperwork saying that the lien was removed. It is rare but occasionally there can be a snafu with that and it is much easier to get that fixed now instead of years from now. In some areas you may be able to do that online.

3) If you had an escrow account be sure that your insurance and property taxes are paid even if you don't get a bill for it.

4) If you were able to itemize your taxes and deduct the mortgage interest then make sure that your other payroll withholdings are adjusted to make sure that enough taxes are withheld from your pay.

5) If you had an online automatic payment of your mortgage then cancel that.

bubbadog
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Re: Paid Off Mortgage Today

Post by bubbadog » Sat Apr 28, 2018 7:46 pm

Congrats! :sharebeer :moneybag

bi0hazard
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Re: Paid Off Mortgage Today

Post by bi0hazard » Sat Apr 28, 2018 7:48 pm

:sharebeer

Working on it myself.

furikake
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Re: Paid Off Mortgage Today

Post by furikake » Sat Apr 28, 2018 7:53 pm

:sharebeer Congrats!!

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stemikger
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Re: Paid Off Mortgage Today

Post by stemikger » Sat Apr 28, 2018 7:55 pm

:sharebeer Way to go!! Congratulations!!

I paid off mine about 4 years ago and it was one of the best moves I made for sleeping well at night!
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

Carson
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Re: Paid Off Mortgage Today

Post by Carson » Sat Apr 28, 2018 7:58 pm

:beer Congrats!
30-something personal finance enthusiast, just get getting started on this whole portfolio thing.

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packet
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Re: Paid Off Mortgage Today

Post by packet » Sat Apr 28, 2018 8:00 pm

:sharebeer
Congrats!

Small world, we made an extra principal payment today... someday we'll join you.

:beer Cheers,
packet
First round’s on me.

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randomizer
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Re: Paid Off Mortgage Today

Post by randomizer » Sat Apr 28, 2018 8:13 pm

:sharebeer
75:25 AA / Expected retirement: 2097

Snapper
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Re: Paid Off Mortgage Today

Post by Snapper » Sat Apr 28, 2018 8:15 pm

Last month. Wonderful not to deal with it.

GreenGrowTheDollars
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Re: Paid Off Mortgage Today

Post by GreenGrowTheDollars » Sat Apr 28, 2018 8:17 pm

It will keep feeling better and better. Nice job!

WestUniversity
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Re: Paid Off Mortgage Today

Post by WestUniversity » Sat Apr 28, 2018 8:34 pm

Congratulations! We paid ours off a couple of years ago. It’s a great feeling! :beer

Nate79
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Re: Paid Off Mortgage Today

Post by Nate79 » Sat Apr 28, 2018 8:36 pm

Congrats on 100% debt free! That's awesome.

Grt2bOutdoors
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Re: Paid Off Mortgage Today

Post by Grt2bOutdoors » Sat Apr 28, 2018 8:49 pm

Kuota Rider wrote:
Sat Apr 28, 2018 8:09 am
Paid off my mortgage today so I just wanted to send a shout out to everyone for the continued education and encouragement over the years. 100% debt free.

Happy weekend.
Congrats! :sharebeer Now take your monthly mortgage payment and redirect it to your taxable FIRE account. Let's hear your DEBT FREE scream! :)

P.S. Don't tell anyone outside of this forum, for obvious reasons.
Last edited by Grt2bOutdoors on Sat Apr 28, 2018 8:57 pm, edited 1 time in total.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

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Doom&Gloom
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Re: Paid Off Mortgage Today

Post by Doom&Gloom » Sat Apr 28, 2018 8:49 pm

Yee-haaaaaaa!!!

Grt2bOutdoors
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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors » Sat Apr 28, 2018 8:55 pm

Sandtrap wrote:
Fri Apr 20, 2018 9:34 pm
Casey Ryback wrote:
Fri Apr 20, 2018 2:45 pm
Just hit 1,000,000 net worth last month. I’m 33 and my wife is 31. One goal is to increase my taxable account, as most of my assets are in 401ks, IRAs, and 529s. The other goal is to hit 2,000,000 by 40. I owe a lot to this group.
That is amazing!
By age 33!
Wow :shock:
Congratulations :sharebeer
How did you do it?

j
I'm guessing he took his pans out of the oven to avoid getting burned. :wink:
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

TallBoy29er
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Re: Paid Off Mortgage Today

Post by TallBoy29er » Sat Apr 28, 2018 9:14 pm

Oh hell yeah. Nicely done. The foundation feeling you have today, minus the high, will stay with you moving forward. Forever. Congratulations, you deserve it.

JGoneRiding
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Re: Paid Off Mortgage Today

Post by JGoneRiding » Sat Apr 28, 2018 11:14 pm

Logged in just to say congrats! That is such an awesome achievement way to go!

:sharebeer. :mrgreen:

letsgobobby
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Re: Paid Off Mortgage Today

Post by letsgobobby » Sun Apr 29, 2018 1:00 am

Congratulations, are you going to have a mortgage burning party?

viewtopic.php?t=55988

grettman
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Re: Paid Off Mortgage Today

Post by grettman » Sun Apr 29, 2018 5:43 am

Congratulations!!!!! I am going through the process now....I will have it paid off in about 4 years but progress is like watching paint dry!
:sharebeer

Serie1926
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Re: Paid Off Mortgage Today

Post by Serie1926 » Sun Apr 29, 2018 7:43 am

👍🏿 Way to go

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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Sun Apr 29, 2018 8:10 am

I merged Kuota Rider's thread into here.

Congrats! 🎉
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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stemikger
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Re: Post your Financial Milestone Announcements Here

Post by stemikger » Sun Apr 29, 2018 9:16 am

IMHO the best thing about the Boglehead forum is people are genuinely happy when they hear these announcements. It shows everyone here that we can all get there over time! Keep them coming there is enough virtual beer shares to go around!
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

MotoTrojan
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Re: Post your Financial Milestone Announcements Here

Post by MotoTrojan » Wed May 02, 2018 9:47 am

I became a real Boglehead today by selling the last of my company stock, and immediately investing it at my AA as soon as humanly possible, without any thought to the market conditions.

While I wish I discovered saving/investing sooner, at 26 years old and with ~$75K liquid/invested, I am pretty happy to have gained all this knowledge and gotten on track. Budget is also nice and tightened up and I am setup to max my 401k/Roth + $10K+ taxable yearly.

I'm keeping the German car though :). The next one can be more Bogle-friendly.

TwstdSista
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Re: Post your Financial Milestone Announcements Here

Post by TwstdSista » Fri May 04, 2018 3:24 am

Fully contributed and invested the husband's 2018 Roth last month and then earned $2.16 in interest on May 1. Put in an order to buy $2.16 of our TSM (total stock market) fund.

Krischi
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Crossed $250,000 for first time

Post by Krischi » 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!

Investing.Newbie
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Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie » Tue May 08, 2018 12:14 pm

Congrats Krischi :sharebeer :moneybag

coupleofcents
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Re: Post your Financial Milestone Announcements Here

Post by coupleofcents » Mon May 14, 2018 8:35 am

Hit $500,000 Net Worth today. Wife and I are 33 years old, wife stays at home full time since 2 years ago.

I want to encourage other Bogleheads who don't have high paying jobs (I only cracked 6 figures since 2 years ago and only when I figure in my company's retirement sharing plan, base salary is still 5 figures).

Breakdown is:

Stocks/bonds: 325,000
Cash/Savings: 44,000
Home/Rental Equity: $131,000

Investing.Newbie
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Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie » Mon May 14, 2018 1:26 pm

coupleofcents wrote:
Mon May 14, 2018 8:35 am
Hit $500,000 Net Worth today. Wife and I are 33 years old, wife stays at home full time since 2 years ago.

I want to encourage other Bogleheads who don't have high paying jobs (I only cracked 6 figures since 2 years ago and only when I figure in my company's retirement sharing plan, base salary is still 5 figures).

Breakdown is:

Stocks/bonds: 325,000
Cash/Savings: 44,000
Home/Rental Equity: $131,000
Congrats coupleofcents :sharebeer That's great ! guys like you are always an encouragement to me. Can you share more details like when you started to save & how much you save on average ?
Thanks !

coupleofcents
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Re: Post your Financial Milestone Announcements Here

Post by coupleofcents » Mon May 14, 2018 3:10 pm

Can you share more details like when you started to save & how much you save on average ?
Thanks !
I've done about 40K in savings per year for the last few years. We didn't start aggressively saving until about 2012 were we have always saved 20K or more per year. Before 2012 we had some years of no savings, and some years of 5-10K. But we paid off all student loans 2 years after graduating in 2007.

We also got lucky/strategic and made about $180K in 2015 on on first home by selling after 3 years and moving to a lower cost state. And then the bull market has really helped too.

Just keep at it and eventually you'll see the results:)

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