Post your Financial Milestone Announcements Here

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student
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Re: Post your Financial Milestone Announcements Here

Post by student »

Centralus wrote: Wed Feb 10, 2021 3:19 pm Today marks my first day as a member of Bogleheads.org. My net worth is $2,000,000.00 this year and my profession is critical care RN. I have reached this goal as sole wage earner of my house and based on an income of 60k / year plus overtime and weekend program brining my income to 100k. I just reached the age of 52 and I save 40% of my gross income currently. My early years as an RN in my 20's I earned about 50K and saved only 10% of my income until age 30. From 30 to 45 I earned about 80k per year saving 15 to 20%. I remember reaching 100k saved for retirement right before the crash of 2008 - 2009 and for 14 years after the returns and growth of my investments exceeded 7% ranging 7 to 14% consistently.
Wow.
tyrnup13
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Re: Post your Financial Milestone Announcements Here

Post by tyrnup13 »

Centralus wrote: Wed Feb 10, 2021 3:19 pm Today marks my first day as a member of Bogleheads.org. My net worth is $2,000,000.00 this year and my profession is critical care RN. I have reached this goal as sole wage earner of my house and based on an income of 60k / year plus overtime and weekend program brining my income to 100k. I just reached the age of 52 and I save 40% of my gross income currently. My early years as an RN in my 20's I earned about 50K and saved only 10% of my income until age 30. From 30 to 45 I earned about 80k per year saving 15 to 20%. I remember reaching 100k saved for retirement right before the crash of 2008 - 2009 and for 14 years after the returns and growth of my investments exceeded 7% ranging 7 to 14% consistently.
I love this thread, for this reason. What an accomplishment!
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Raymond
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Re: Post your Financial Milestone Announcements Here

Post by Raymond »

Centralus,
Welcome to Bogleheads, and an outstanding achievement! :sharebeer
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

Welcome to the forum :)

Centralus wrote: Wed Feb 10, 2021 3:19 pm Today marks my first day as a member of Bogleheads.org. My net worth is $2,000,000.00 this year and my profession is critical care RN. I have reached this goal as sole wage earner of my house and based on an income of 60k / year plus overtime and weekend program brining my income to 100k. I just reached the age of 52 and I save 40% of my gross income currently. My early years as an RN in my 20's I earned about 50K and saved only 10% of my income until age 30. From 30 to 45 I earned about 80k per year saving 15 to 20%. I remember reaching 100k saved for retirement right before the crash of 2008 - 2009 and for 14 years after the returns and growth of my investments exceeded 7% ranging 7 to 14% consistently.
Congratulations on your achievement, that is outstanding.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link: Bogleheads® investment philosophy
Doohop65
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Re: Post your Financial Milestone Announcements Here

Post by Doohop65 »

Well first a great big thank you to the community. I wouldn’t be sitting here with our current portfolio without all the excellent people here.

This morning when I opened my vanguard account I finally crossed the 2 comma club....$1,000,025.14. For the past several years I have aimed to hit the number by 40 and with some heavy savings and a strong market wind pushing us, I made it 2 years early.

I was just a kid when I stumbled across this website and life hadn’t been super great to me. As I sit here today I realize just how fortunate I am. I don’t post as much as many of you but I try to help where I can. I am clearly better off for finding bogleheads than I would have been with any financial firm I would have found.

It’s a great day. Thank you bogleheads for all of the help.
HomeStretch
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Re: Post your Financial Milestone Announcements Here

Post by HomeStretch »

Doohop65 wrote: Thu Feb 11, 2021 8:33 am ... It’s a great day. Thank you bogleheads for all of the help.
Congratulations!!
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

Doohop65 wrote: Thu Feb 11, 2021 8:33 am This morning when I opened my vanguard account I finally crossed the 2 comma club....$1,000,025.14. For the past several years I have aimed to hit the number by 40 and with some heavy savings and a strong market wind pushing us, I made it 2 years early.
Congratulations, and well done!

I’ll assure you that the first $million is the hardest. Please post back when you hit that $2 million mark. It may come sooner than you think.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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luminous
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Re: Post your Financial Milestone Announcements Here

Post by luminous »

Last night I realized that we have reached $3M net worth. A tremendous milestone that I almost don’t believe.

I grew up in a lower middle class household. I received no financial education beyond living below my means: a very important lesson, but missing was anything about investing, taxes, having a plan, etc. I didn’t know what I didn’t know. Bogleheads have helped me gain a full financial education as my earning power exceeded my upbringing then exceeded my wildest dreams. I learned about the backdoor Roth here on the forum before I needed to do it myself, for example, which gave me time to prepare and learn. Writing and maintaining my IPS was a revelation.

As Doohop65 said just above: thank you to this community for providing amazing support, expertise, and feedback. I am better off for finding Bogleheads.
67/12/21 US stock/international stock/bonds. Bonds capped at 10x annual spending. Semi-retired as of 2022.
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

Doohop65 wrote: Thu Feb 11, 2021 8:33 am This morning when I opened my vanguard account I finally crossed the 2 comma club....$1,000,025.14. For the past several years I have aimed to hit the number by 40 and with some heavy savings and a strong market wind pushing us, I made it 2 years early.
Congratulations on two commas, two years early :) .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link: Bogleheads® investment philosophy
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

luminous wrote: Thu Feb 11, 2021 9:26 am Last night I realized that we have reached $3M net worth. A tremendous milestone that I almost don’t believe.

I grew up in a lower middle class household. I received no financial education beyond living below my means: a very important lesson, but missing was anything about investing, taxes, having a plan, etc. I didn’t know what I didn’t know. Bogleheads have helped me gain a full financial education as my earning power exceeded my upbringing then exceeded my wildest dreams. I learned about the backdoor Roth here on the forum before I needed to do it myself, for example, which gave me time to prepare and learn. Writing and maintaining my IPS was a revelation.

As Doohop65 said just above: thank you to this community for providing amazing support, expertise, and feedback. I am better off for finding Bogleheads.
Congratulations :)
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link: Bogleheads® investment philosophy
Chicattle
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Re: Post your Financial Milestone Announcements Here

Post by Chicattle »

Centralus wrote: Wed Feb 10, 2021 3:19 pm Today marks my first day as a member of Bogleheads.org. My net worth is $2,000,000.00 this year and my profession is critical care RN. I have reached this goal as sole wage earner of my house and based on an income of 60k / year plus overtime and weekend program brining my income to 100k. I just reached the age of 52 and I save 40% of my gross income currently. My early years as an RN in my 20's I earned about 50K and saved only 10% of my income until age 30. From 30 to 45 I earned about 80k per year saving 15 to 20%. I remember reaching 100k saved for retirement right before the crash of 2008 - 2009 and for 14 years after the returns and growth of my investments exceeded 7% ranging 7 to 14% consistently.
WOW! Congratulations! That's truly inspiring. :sharebeer
student
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Re: Post your Financial Milestone Announcements Here

Post by student »

Doohop65 wrote: Thu Feb 11, 2021 8:33 am Well first a great big thank you to the community. I wouldn’t be sitting here with our current portfolio without all the excellent people here.

This morning when I opened my vanguard account I finally crossed the 2 comma club....$1,000,025.14. For the past several years I have aimed to hit the number by 40 and with some heavy savings and a strong market wind pushing us, I made it 2 years early.

I was just a kid when I stumbled across this website and life hadn’t been super great to me. As I sit here today I realize just how fortunate I am. I don’t post as much as many of you but I try to help where I can. I am clearly better off for finding bogleheads than I would have been with any financial firm I would have found.

It’s a great day. Thank you bogleheads for all of the help.
Congratulations.
dboeger1
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Re: Post your Financial Milestone Announcements Here

Post by dboeger1 »

This is admittedly a very silly and arbitrary milestone, but it did make me reflect on my journey so far. My wife and I bought our first home in September of 2020, at which point, our assets (including the home) landed just above $1m. The reason it's kind of silly is that we live in a VHCOL area, and we took on a little over $500k in debt to buy the home, so our net worth was only about $500k, but having $1m in assets under our control for the first time made me chuckle. I remember my family struggling to come up with a few dollars when I was in high school, so having $1m of anything was a weird feeling.

Interestingly enough, between good investment returns and getting a good deal on the home, our net worth has gone up to $650k less than half a year later. I can definitely feel our growth accelerating. I'm hopeful we'll be able to increase our income soon. If so, we should be on track on reach $1m in actual net worth in our early 30s.
Chicattle
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Re: Post your Financial Milestone Announcements Here

Post by Chicattle »

Doohop65 wrote: Thu Feb 11, 2021 8:33 am Well first a great big thank you to the community. I wouldn’t be sitting here with our current portfolio without all the excellent people here.

This morning when I opened my vanguard account I finally crossed the 2 comma club....$1,000,025.14. For the past several years I have aimed to hit the number by 40 and with some heavy savings and a strong market wind pushing us, I made it 2 years early.

I was just a kid when I stumbled across this website and life hadn’t been super great to me. As I sit here today I realize just how fortunate I am. I don’t post as much as many of you but I try to help where I can. I am clearly better off for finding bogleheads than I would have been with any financial firm I would have found.

It’s a great day. Thank you bogleheads for all of the help.
That's excellent! Congratulations! :sharebeer
esqu1re
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Re: Post your Financial Milestone Announcements Here

Post by esqu1re »

Centralus wrote: Wed Feb 10, 2021 3:19 pm Today marks my first day as a member of Bogleheads.org. My net worth is $2,000,000.00 this year and my profession is critical care RN. I have reached this goal as sole wage earner of my house and based on an income of 60k / year plus overtime and weekend program brining my income to 100k. I just reached the age of 52 and I save 40% of my gross income currently. My early years as an RN in my 20's I earned about 50K and saved only 10% of my income until age 30. From 30 to 45 I earned about 80k per year saving 15 to 20%. I remember reaching 100k saved for retirement right before the crash of 2008 - 2009 and for 14 years after the returns and growth of my investments exceeded 7% ranging 7 to 14% consistently.
Congrats. Very inspiring.
GettingCloser
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Re: Post your Financial Milestone Announcements Here

Post by GettingCloser »

Doohop65 wrote: Thu Feb 11, 2021 8:33 am This morning when I opened my vanguard account I finally crossed the 2 comma club....$1,000,025.14
Congrats, doohop! That also means you’ve reached the threshold for Vanguard “Flagship” status, which used to get you a dedicated rep but still provides access to certain closed funds (eg some in the Primecap line), lower/no fees on certain things, etc. You can call VG and ask them to upgrade you, or just wait for them to do it eventually.

P.S. Little known fact: Flagship status also extends to other members of your family living at your same address. Our son is hoping to make the minimum initial purchase of VPMCX before he moves out.
GettingCloser
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Re: Post your Financial Milestone Announcements Here

Post by GettingCloser »

Centralus wrote: Wed Feb 10, 2021 3:19 pm Today marks my first day as a member of Bogleheads.org. My net worth is $2,000,000.00 this year and my profession is critical care RN. I have reached this goal as sole wage earner of my house and based on an income of 60k / year plus overtime and weekend program brining my income to 100k. I just reached the age of 52 and I save 40% of my gross income currently. My early years as an RN in my 20's I earned about 50K and saved only 10% of my income until age 30. From 30 to 45 I earned about 80k per year saving 15 to 20%. I remember reaching 100k saved for retirement right before the crash of 2008 - 2009 and for 14 years after the returns and growth of my investments exceeded 7% ranging 7 to 14% consistently.
Congrats, centralus! Your story is a reminder to all that hard work, LBYM, and consistent savings really do pay off!
Normchad
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Re: Post your Financial Milestone Announcements Here

Post by Normchad »

esqu1re wrote: Thu Feb 11, 2021 4:36 pm
Centralus wrote: Wed Feb 10, 2021 3:19 pm Today marks my first day as a member of Bogleheads.org. My net worth is $2,000,000.00 this year and my profession is critical care RN. I have reached this goal as sole wage earner of my house and based on an income of 60k / year plus overtime and weekend program brining my income to 100k. I just reached the age of 52 and I save 40% of my gross income currently. My early years as an RN in my 20's I earned about 50K and saved only 10% of my income until age 30. From 30 to 45 I earned about 80k per year saving 15 to 20%. I remember reaching 100k saved for retirement right before the crash of 2008 - 2009 and for 14 years after the returns and growth of my investments exceeded 7% ranging 7 to 14% consistently.
Congrats. Very inspiring.
This is terrific. This forum and board is full of amazing advice and thoughtful, helpful,posters. We all benefit greatly from their contributions. It’s great to be a member.
Last edited by Normchad on Mon Feb 15, 2021 12:53 pm, edited 1 time in total.
Chicattle
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Re: Post your Financial Milestone Announcements Here

Post by Chicattle »

I hit a twofer recently.

I was holding onto some :moneybag in a savings account (~$80K) that was earning measly. I had been too hesitant to lump sum it into my investments, so instead I paid off my mortgage early :D .

Then last week, I saw that the total of my brokerage accounts reached $1,005,000! Not too shabby for 44 y/o me :beer. I am hoping that the 2nd million comes easier and much sooner now that I am allocating what would have been mortgage payments to my taxable investments.

Thanks for letting me celebrate here (don't have anyone to share this with). Life is good!
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

Chicattle wrote: Mon Feb 15, 2021 12:51 pm I hit a twofer recently.

I was holding onto some :moneybag in a savings account (~$80K) that was earning measly. I had been too hesitant to lump sum it into my investments, so instead I paid off my mortgage early :D .

Then last week, I saw that the total of my brokerage accounts reached $1,005,000! Not too shabby for 44 y/o me :beer. I am hoping that the 2nd million comes easier and much sooner now that I am allocating what would have been mortgage payments to my taxable investments.

Thanks for letting me celebrate here (don't have anyone to share this with). Life is good!
Congratulations, that's outstanding :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link: Bogleheads® investment philosophy
mikejuss
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Re: Post your Financial Milestone Announcements Here

Post by mikejuss »

Chicattle wrote: Mon Feb 15, 2021 12:51 pm I hit a twofer recently.

I was holding onto some :moneybag in a savings account (~$80K) that was earning measly. I had been too hesitant to lump sum it into my investments, so instead I paid off my mortgage early :D .

Then last week, I saw that the total of my brokerage accounts reached $1,005,000! Not too shabby for 44 y/o me :beer. I am hoping that the 2nd million comes easier and much sooner now that I am allocating what would have been mortgage payments to my taxable investments.

Thanks for letting me celebrate here (don't have anyone to share this with). Life is good!
Well done, sir! 8-)
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Pinotage
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Re: Post your Financial Milestone Announcements Here

Post by Pinotage »

Centralus wrote: Wed Feb 10, 2021 3:19 pm Today marks my first day as a member of Bogleheads.org. My net worth is $2,000,000.00 this year and my profession is critical care RN. I have reached this goal as sole wage earner of my house and based on an income of 60k / year plus overtime and weekend program brining my income to 100k. I just reached the age of 52 and I save 40% of my gross income currently. My early years as an RN in my 20's I earned about 50K and saved only 10% of my income until age 30. From 30 to 45 I earned about 80k per year saving 15 to 20%. I remember reaching 100k saved for retirement right before the crash of 2008 - 2009 and for 14 years after the returns and growth of my investments exceeded 7% ranging 7 to 14% consistently.
Outstanding!!!
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Re: Post your Financial Milestone Announcements Here

Post by diydocwifejd »

We are buying our first all-cash car on Wednesday, and I am so excited and so proud! It's long overdue (and we've had the funds waiting for well over a year). I couldn't share something like this in real life, but I wanted to share with you all! :beer
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mhc
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Post by mhc »

diydocwifejd wrote: Tue Feb 16, 2021 8:18 am We are buying our first all-cash car on Wednesday, and I am so excited and so proud! It's long overdue (and we've had the funds waiting for well over a year). I couldn't share something like this in real life, but I wanted to share with you all! :beer
Good job! :beer
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lostdog
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Re: Post your Financial Milestone Announcements Here

Post by lostdog »

Centralus wrote: Wed Feb 10, 2021 3:19 pm Today marks my first day as a member of Bogleheads.org. My net worth is $2,000,000.00 this year and my profession is critical care RN. I have reached this goal as sole wage earner of my house and based on an income of 60k / year plus overtime and weekend program brining my income to 100k. I just reached the age of 52 and I save 40% of my gross income currently. My early years as an RN in my 20's I earned about 50K and saved only 10% of my income until age 30. From 30 to 45 I earned about 80k per year saving 15 to 20%. I remember reaching 100k saved for retirement right before the crash of 2008 - 2009 and for 14 years after the returns and growth of my investments exceeded 7% ranging 7 to 14% consistently.
Amazing! Well done. Congratulations!
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Globalviewer58
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Re: Post your Financial Milestone Announcements Here

Post by Globalviewer58 »

You might ask about discount for financing the car thru dealer. When I helped negotiate the purchase of mother’s car a year ago, Honda offered $700 price discount if she financed. She agreed to the loan and paid off with no penalty a week later.
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Stinky
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Re: Post your Financial Milestone Announcements Here

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diydocwifejd wrote: Tue Feb 16, 2021 8:18 am We are buying our first all-cash car on Wednesday, and I am so excited and so proud! It's long overdue (and we've had the funds waiting for well over a year). I couldn't share something like this in real life, but I wanted to share with you all! :beer
Congratulations! That’s a big event in your life.

As noted in the post above, check to see if you can get a lower price if you accept dealer or manufacturer financing. Often the manufacturer will offer rebates to incent the financing. If you can get a cheaper price, take the financing and pay it off ASAP.

I’ve done this several times with good results. Saved me a few bucks.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

diydocwifejd wrote: Tue Feb 16, 2021 8:18 am We are buying our first all-cash car on Wednesday, and I am so excited and so proud! It's long overdue (and we've had the funds waiting for well over a year). I couldn't share something like this in real life, but I wanted to share with you all! :beer
Good for you :) .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link: Bogleheads® investment philosophy
Bb073084
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Re: Post your Financial Milestone Announcements Here

Post by Bb073084 »

Bb073084 wrote: Thu Dec 17, 2020 12:44 pm Just passed a milestone today! $1.4M networth and $1M investments (pre-tax, post-tax, 401k, and 529).

DW (38) and myself (36) are very proud but realize this is just the beginning. Look forward to the day that we no longer worry about money or saving!
Well wow What a market! Only a few months later and we passed $1.5M net worth thanks almost entirely to market returns putting investments at nearly $1.1M.

Hope we continue to see a rise in the markets so we can reach our goal of $3-$4m in investments within 10 years to retire at 46 (me)/48 DW!
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

Our portfolio reached $500k today. Next stop, cool mill. 8-)
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Normchad
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Re: Post your Financial Milestone Announcements Here

Post by Normchad »

willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
Congrats! That is a terrific milestone!
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Post by jarjarM »

willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
Well done! :beer
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Re: Post your Financial Milestone Announcements Here

Post by Marseille07 »

willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
Thrilling accomplishment. Well done! :beer
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

Normchad wrote: Mon Mar 01, 2021 8:56 pm
willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
Congrats! That is a terrific milestone!
jarjarM wrote: Mon Mar 01, 2021 9:00 pm
willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
Well done! :beer
Marseille07 wrote: Mon Mar 01, 2021 9:04 pm
willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
Thrilling accomplishment. Well done! :beer
Thanks all! We've been extremely blessed.
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
You are one of the most insightful contributors to this Forum. I’m glad that you’re building wealth.

Congratulations!
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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willthrill81
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Post by willthrill81 »

Stinky wrote: Mon Mar 01, 2021 9:07 pm
willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
You are one of the most insightful contributors to this Forum. I’m glad that you’re building wealth.

Congratulations!
Thanks!

You're too kind. But at least I'm one of the most prolific contributors!
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Re: Post your Financial Milestone Announcements Here

Post by dkdoy »

willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
Congrats and thanks for your forum contributions!
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Re: Post your Financial Milestone Announcements Here

Post by Wanderingwheelz »

Our joint account hit $2MM for the first time today. That should offer a decent bridge to tax deferred withdrawals. :D
Being wrong compounds forever.
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willthrill81
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Post by willthrill81 »

dkdoy wrote: Mon Mar 01, 2021 9:25 pm
willthrill81 wrote: Mon Mar 01, 2021 8:54 pm Our portfolio reached $500k today. Next stop, cool mill. 8-)
Congrats and thanks for your forum contributions!
Thanks, and you're welcome. :beer
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Normchad
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Re: Post your Financial Milestone Announcements Here

Post by Normchad »

Wanderingwheelz wrote: Mon Mar 01, 2021 9:26 pm Our joint account hit $2MM for the first time today. That should offer a decent bridge to tax deferred withdrawals. :D
Outstanding! That is a beautifully round number!
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Post by willthrill81 »

Wanderingwheelz wrote: Mon Mar 01, 2021 9:26 pm Our joint account hit $2MM for the first time today. That should offer a decent bridge to tax deferred withdrawals. :D
Very nice! The second was easier than the first, right? :wink:
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dkdoy
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Post by dkdoy »

Our accounts crossed 2.1 today. Age 52 and 50. Definitely looking forward to an early retirement.
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Re: Post your Financial Milestone Announcements Here

Post by abuss368 »

dkdoy wrote: Mon Mar 01, 2021 9:54 pm Our accounts crossed 2.1 today. Age 52 and 50. Definitely looking forward to an early retirement.
Well done! Here is to your accomplishment! :sharebeer

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Re: Post your Financial Milestone Announcements Here

Post by abuss368 »

I love and really enjoy that this forum is helping so many folks become more financially secure and better investors based on investing advice inspired by Jack Bogle!

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Re: Post your Financial Milestone Announcements Here

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Locked myself out of Coinbase.
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

watchnerd wrote: Mon Mar 01, 2021 10:54 pm Locked myself out of Coinbase.
Is that a good thing or a bad thing? :D
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Re: Post your Financial Milestone Announcements Here

Post by Wanderingwheelz »

willthrill81 wrote: Mon Mar 01, 2021 9:29 pm
Wanderingwheelz wrote: Mon Mar 01, 2021 9:26 pm Our joint account hit $2MM for the first time today. That should offer a decent bridge to tax deferred withdrawals. :D
Very nice! The second was easier than the first, right? :wink:
The second was so easy I stopped working until life shows me I need to change my course of action. If you ever needed a sign we’re in a bubble, there you have it. :)

With a net worth of $4MM the last $1MM took roughly 12 months. Covid has been an amazing thing for those of us with assets- especially with homes in hot resort markets.
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

Wanderingwheelz wrote: Tue Mar 02, 2021 7:42 am
willthrill81 wrote: Mon Mar 01, 2021 9:29 pm
Wanderingwheelz wrote: Mon Mar 01, 2021 9:26 pm Our joint account hit $2MM for the first time today. That should offer a decent bridge to tax deferred withdrawals. :D
Very nice! The second was easier than the first, right? :wink:
The second was so easy I stopped working until life shows me I need to change my course of action. If you ever needed a sign we’re in a bubble, there you have it. :)

With a net worth of $4MM the last $1MM took roughly 12 months. Covid has been an amazing thing for those of us with assets- especially with homes in hot resort markets.
We too have experienced significant property appreciation in recent years. Our home is worth 50% more now than it was when we bought it about six years ago.

So are you taking some 'risk' off the table?
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Re: Post your Financial Milestone Announcements Here

Post by Wanderingwheelz »

willthrill81 wrote: Tue Mar 02, 2021 9:27 am
Wanderingwheelz wrote: Tue Mar 02, 2021 7:42 am
willthrill81 wrote: Mon Mar 01, 2021 9:29 pm
Wanderingwheelz wrote: Mon Mar 01, 2021 9:26 pm Our joint account hit $2MM for the first time today. That should offer a decent bridge to tax deferred withdrawals. :D
Very nice! The second was easier than the first, right? :wink:
The second was so easy I stopped working until life shows me I need to change my course of action. If you ever needed a sign we’re in a bubble, there you have it. :)

With a net worth of $4MM the last $1MM took roughly 12 months. Covid has been an amazing thing for those of us with assets- especially with homes in hot resort markets.
We too have experienced significant property appreciation in recent years. Our home is worth 50% more now than it was when we bought it about six years ago.

So are you taking some 'risk' off the table?
No. But I think about taking risk off the table just about every single day- especially on days like yesterday when your NW jumps by 1x expenses. If I went to all-cash it would be a very long time before I ran out of money, if I ever did. Someday, when you’ve accumulated enough assets to quit working you’ll probably think those sorts of thoughts too.
Being wrong compounds forever.
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Re: Post your Financial Milestone Announcements Here

Post by smitcat »

willthrill81 wrote: Tue Mar 02, 2021 9:27 am
Wanderingwheelz wrote: Tue Mar 02, 2021 7:42 am
willthrill81 wrote: Mon Mar 01, 2021 9:29 pm
Wanderingwheelz wrote: Mon Mar 01, 2021 9:26 pm Our joint account hit $2MM for the first time today. That should offer a decent bridge to tax deferred withdrawals. :D
Very nice! The second was easier than the first, right? :wink:
The second was so easy I stopped working until life shows me I need to change my course of action. If you ever needed a sign we’re in a bubble, there you have it. :)

With a net worth of $4MM the last $1MM took roughly 12 months. Covid has been an amazing thing for those of us with assets- especially with homes in hot resort markets.
We too have experienced significant property appreciation in recent years. Our home is worth 50% more now than it was when we bought it about six years ago.

So are you taking some 'risk' off the table?
FWIW - our home up north (NE) is just about 3.5X the value of when we purchased it 21 years ago. We feel its a good time to sell at this time.
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