Post your Financial Milestone Announcements Here

US Local Chapters, Wiki, and general Bogleheads community discussion, news, events, and announcements.
Post Reply
ThePrince
Posts: 404
Joined: Sun Aug 20, 2017 9:15 pm
Location: U.S.A.

Re: 2017 Portfolio Returns > Earned Income

Post by ThePrince » Sat Jan 27, 2018 12:51 pm

Quite impressive. I look forward to the day my portfolio accomplishes the same.

User avatar
whodidntante
Posts: 6547
Joined: Thu Jan 21, 2016 11:11 pm
Location: outside the echo chamber

Re: 2017 Portfolio Returns > Earned Income

Post by whodidntante » Sat Jan 27, 2018 12:57 pm

You are not the only one. Let's clink our glasses and celebrate happy days, because I distinctly remember some equally impressive downturns.

rob in cal
Posts: 4
Joined: Mon Jan 08, 2018 5:36 pm

moderate income, high net assets, one way to get there

Post by rob in cal » Sat Jan 27, 2018 1:09 pm

[Thread merged into here, see below (Page 4). --admin LadyGeek]

I've been analyzing how my wife and I have achieved a pretty high asset level (by US standards, not necessarily bogleheads) and there were a few key steps for us. I've been working as a full time (actually down to about 30 hours now, my wife works another 7 hours per week also) pizza, pasta, grill food delivery driver.
Step one, get a little lucky with our home purchase. We bought in Sacramento area in 1998, literally months before the great housing boom took off.
The fairly low purchase price allowed us to pay over 20% down, and then we poured all of our savings into mortgage destruction, achieved in 2004. From 2004 not having a mortgage allowed us to put that much more of our income into investments.
Step two, live modestly. We've never adjusted our lifestyle too much base on our income, so overall savings levels are retained year in year out, with some variance due to kids getting older, working a little less etc.
Step three, work a little extra for while. For several years I worked 6 dinner shifts and 5 lunch shifts delivering food at the restaurant we work at. I view that sixth night a week that I worked as the part time job I used to have. Doing that for six years in the early 2000's and investing all that extra money I made, is equal, with investing and compounding, to maybe 100 k today.
Step four, regular investing. Since 2004 I've been putting money into different things (there was my whole Prosper fixation of 2005-2008), but mostly since 2008, into first a share of ownership at the restaurant we work at (which has created a nice little income stream since 2010) and then into my vanguard index funds.
Over the last five years or so I've finally seen all this work really come to fruition, as I put restaurant ownership dividends straight into my index funds, in addition to regular income savings, so that my index funds are exploding because of that and high returns.
Step five, a modest inheritance that we also put into savings. It was helpful, and probably accounts for about 10% of our total assets.
The crazy thing about all this was that for much of the time my wife was a stay at home mom, and she only helps out at the restaurant very part time. Oh, and I suppose the other crazy thing is that I've been delivery driver for all this time, and that is often considered, as my daughter humourously puts it, "a college students job".
Would like to hear from others about how they've achived high assets with modest annual income.

student
Posts: 4060
Joined: Fri Apr 03, 2015 6:58 am

Re: moderate income, high net assets, one way to get there

Post by student » Sat Jan 27, 2018 1:37 pm

Very inspiring.

A-Commoner
Posts: 219
Joined: Thu Apr 24, 2014 7:17 pm

Re: 2017 Portfolio Returns > Earned Income

Post by A-Commoner » Sat Jan 27, 2018 1:38 pm

True that. I recall 2008 when our earned incomes were negated by our portfolio losses. Ironically our incomes in 2008 were among the highest we ever earned in our careers. I remember our practice was flooded with patients. Most of them were probably aware of impending job losses and wanted to see their doctors one last time before they lost health insurance. What a terrible time.

RRAAYY3
Posts: 926
Joined: Thu Jan 17, 2013 12:32 pm

Re: 2017 Portfolio Returns > Earned Income

Post by RRAAYY3 » Sat Jan 27, 2018 1:45 pm

Congrats

My goal is to get to a point where I’m living off dividends - 15-20 years of doing what I’m doing should hopefully get there

User avatar
nedsaid
Posts: 12668
Joined: Fri Nov 23, 2012 12:33 pm

Re: Finally!!!

Post by nedsaid » Sat Jan 27, 2018 1:48 pm

Congratulations. Putting three kids through college is not a small feat. They should be eternally grateful to you and your spouse.
A fool and his money are good for business.

260chrisb
Posts: 295
Joined: Wed Apr 28, 2010 7:26 pm

Re: Finally!!!

Post by 260chrisb » Sat Jan 27, 2018 2:01 pm

Wow! Nicely done. We should buy YOU drinks.

User avatar
LadyGeek
Site Admin
Posts: 57442
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Sat Jan 27, 2018 2:23 pm

A-Commoner - I merged your thread into here, which is a sticky at the top of the Local Chapters and Bogleheads Community forum.
Alex Frakt wrote:
Tue Jan 09, 2018 2:22 am
Following the discussions at viewtopic.php?f=3&t=237250, we are going to make this an omnibus thread for member announcements that they have reached a financial milestone such as achieving a million in net worth, aka, joining the 2 Comma Club, and member responses to those announcements. If we find new threads on this topic posted elsewhere, they will be merged here.

Please note that if your post is primarily a question about investing or personal finance strategy,, even if it includes a note about reaching a milestone, please post in the appropriate forums so they get individualized attention.
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.

tknelson
Posts: 2
Joined: Sat Jan 27, 2018 2:57 pm

Re: Post your Financial Milestone Announcements Here

Post by tknelson » Sat Jan 27, 2018 3:05 pm

Reading all these posts definitely brings me hope, as a 27 year old. Not much of a mile stone to report, except that I just finished graduating with my masters degree in 2017, and paid of my student loans in full. I didn't fully understand the need for prepping for retirement at such an early age, especially with most of my friends not giving the slightest of importance to this subject. I guess after working for over a year, and casually reading financial blogs and watching YouTube videos on the side about the importance of financial literacy, I got intrigued in this subject.

I can happily say that I have fully started on this journey as of the end of 2017, with about 55k in net worth (401k, IRA, Investment account, and savings).

Congratulations to all those who have gone ahead of me, you all certainly inspire me!
:sharebeer

~Peace

User avatar
Nestegg_User
Posts: 1332
Joined: Wed Aug 05, 2009 1:26 pm

Re: Can I be a member of the two comma club?

Post by Nestegg_User » Sat Jan 27, 2018 3:14 pm

yes, looking forward to when you can join us there

remember that generally housing rises at about the rate of inflation (understood that some markets can deviate), needs upkeep costs, and has taxes that can’t be optimized (and, as we have just seen, can be limited in being able to be deducted)

investable assets are more variable but can be structured to more tax efficient and less reliant on local conditions (think Houston in the 80’s and the like). flexibility is also higher when your net worth is in equities as one can relocate if needed without erosion due to frictional costs


{edit: yes, Golfalot, we’ve found that as well— since we know we can structure our income to pay as low a tax level as we can, depending on where we take the money, although we need to do Roth conversions still for significant amounts in IRA’s so that we get the benefits and not the “uncle “}
Last edited by Nestegg_User on Sat Jan 27, 2018 3:23 pm, edited 1 time in total.

Golfalot
Posts: 12
Joined: Mon Dec 26, 2011 10:06 am

Re: Can I be a member of the two comma club?

Post by Golfalot » Sat Jan 27, 2018 3:18 pm

Congrats....and welcome to the Club...:sharebeer

As time goes by, I also found it very satisfying to achieve this milestone without including home equity....and then after more years of saving & market gains, it felt great to achieve this milestone with just the after-tax accounts.

User avatar
mickeyd
Posts: 4751
Joined: Fri Feb 23, 2007 3:19 pm
Location: Deep in the Heart of South Texas

Re: Can I be a member of the two comma club?

Post by mickeyd » Sat Jan 27, 2018 3:26 pm

The way that I see it, you can join the two-comma-club as often as you pass the million dollar mark GOING UP. Using net worth or only investable assets is your call.
Part-Owner of Texas | | “The CMH-the Cost Matters Hypothesis -is all that is needed to explain why indexing must and will work… Yes, it is that simple.” John C. Bogle

User avatar
Nestegg_User
Posts: 1332
Joined: Wed Aug 05, 2009 1:26 pm

Re: Finally!!!

Post by Nestegg_User » Sat Jan 27, 2018 3:30 pm

actually, the kids should

TravelGeek
Posts: 3103
Joined: Sat Oct 25, 2014 3:23 pm

Re: Can I be a member of the two comma club?

Post by TravelGeek » Sat Jan 27, 2018 3:39 pm

kenyan wrote:
Sat Jan 27, 2018 11:36 am

Since I'm currently planning/hoping to retire early in a lower COLA, I'm not sure why I would ignore the admittedly illiquid money that's tied up in my house.
Right, I have not seen any renters set aside a few hundred thousand dollars of future rental costs before calculating the value of their portfolio.

I count the value of our (paid off) home and our vehicles. Anything beyond that would be too costly to track.

Congrats, OP! :beer

Next stop for me: three comma club (using Indian numbering system)

NextMil
Posts: 549
Joined: Wed Dec 13, 2017 12:33 pm

Re: Can I be a member of the two comma club?

Post by NextMil » Sat Jan 27, 2018 3:51 pm

It’s absurd that anyone would suggest that home equity does not count towards net worth. Unless, of course, they are making up their own rules.

spammagnet
Posts: 1069
Joined: Wed Apr 27, 2016 9:42 pm

Re: Can I be a member of the two comma club?

Post by spammagnet » Sat Jan 27, 2018 3:58 pm

Your net worth is > 1,000,000. You're in the club. Congratulations.

Now, on to saving enough to meet your FI/retirement goals, whatever those are. Take your recent accomplishments as a sign that you can do it.

spammagnet
Posts: 1069
Joined: Wed Apr 27, 2016 9:42 pm

Re: Can I be a member of the two comma club?

Post by spammagnet » Sat Jan 27, 2018 4:01 pm

boglegirl wrote:
Sat Jan 27, 2018 9:41 am
Might I suggest that those who have most of our net worth in financial investments have a similar risk of dropping out of the 2-comma club when the market turns. :shock:
Assume that will happen.

Lastrun
Posts: 156
Joined: Wed May 03, 2017 6:46 pm

Re: Can I be a member of the two comma club?

Post by Lastrun » Sat Jan 27, 2018 4:05 pm

NextMil wrote:
Sat Jan 27, 2018 3:51 pm
It’s absurd that anyone would suggest that home equity does not count towards net worth. Unless, of course, they are making up their own rules.
I think absurd, respectfully, it too strong a word, as is the phrase making up their own rules. There is support for this in the definition of "accredited investor" for purposes of federal securities laws. Under that definition for net worth purposes, the amount is $1.0 million and excludes home equity. A change made recently by Dodd-Frank. So the investable versus home equity distinction is real in the investment world.

Enough of my rant because fundamentally I agree with you and offer congrats to the OP for the milestone.

spammagnet
Posts: 1069
Joined: Wed Apr 27, 2016 9:42 pm

Re: Finally!!!

Post by spammagnet » Sat Jan 27, 2018 4:12 pm

Cipro wrote:
Sat Jan 27, 2018 9:41 am
Drinks on me!
Don't get drunk on the cash flow.

menlo
Posts: 100
Joined: Mon Jul 04, 2011 11:05 am

Re: moderate income, high net assets, one way to get there

Post by menlo » Sat Jan 27, 2018 4:26 pm

Congratulations. You've worked hard, made wise decisions, stayed the course, and have had good fortune. You have a lot to be thankful for and can be proud of a very nice accomplishment.

User avatar
LadyGeek
Site Admin
Posts: 57442
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Sat Jan 27, 2018 4:38 pm

Traveler - I merged your thread into here.

tknelson, Welcome!
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.

User avatar
LadyGeek
Site Admin
Posts: 57442
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Sat Jan 27, 2018 4:41 pm

Cipro - I merged your thread into here.
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.

NextMil
Posts: 549
Joined: Wed Dec 13, 2017 12:33 pm

Re: Can I be a member of the two comma club?

Post by NextMil » Sat Jan 27, 2018 6:22 pm

Lastrun wrote:
Sat Jan 27, 2018 4:05 pm
NextMil wrote:
Sat Jan 27, 2018 3:51 pm
It’s absurd that anyone would suggest that home equity does not count towards net worth. Unless, of course, they are making up their own rules.
I think absurd, respectfully, it too strong a word, as is the phrase making up their own rules. There is support for this in the definition of "accredited investor" for purposes of federal securities laws. Under that definition for net worth purposes, the amount is $1.0 million and excludes home equity. A change made recently by Dodd-Frank. So the investable versus home equity distinction is real in the investment world.

Enough of my rant because fundamentally I agree with you and offer congrats to the OP for the milestone.
Not going to argue on the internet, but this seems entirely silly. 1. So an abscure provision in Dodd frank related to someone’s ability to get in on a sketchy deal. 2. It’s very well known the standard definition is assets minus liabilities. 3. Accredited investor may equal 1m net worth, but there is a lot of ways to get there. 4. Dodd-frank. Again, absurd.

spammagnet
Posts: 1069
Joined: Wed Apr 27, 2016 9:42 pm

Re: Post your Financial Milestone Announcements Here

Post by spammagnet » Sat Jan 27, 2018 8:38 pm

cinghiale wrote:
Wed Jan 10, 2018 3:32 am
... with the shuddering realization that the seed corn is being eaten ...
That's a great analogy.

MrNewEngland
Posts: 807
Joined: Sun Sep 28, 2014 11:38 am

Re: Can I be a member of the two comma club?

Post by MrNewEngland » Sat Jan 27, 2018 8:42 pm

OldSport wrote:
Sat Jan 27, 2018 1:03 am
Nearing_Destination wrote:
Fri Jan 26, 2018 6:49 pm
alas, some of us only consider “millionaires “ when we’ve got that in “investable assets “ of which home equity is not included (many, many threads on that)


but congrats on the milestone
OP is a millionaire. Home equity counts toward net worth. I worked very hard to get a proper 20% down payment when I bought my house. I am absolutely counting that. Real estate is an asset. Having a million in investable assets is another milestone for sure.

I agree with this 100%. I don’t understand the idea that home equity isn’t part of your net worth.

About 3 months ago I sold my house and moved into a rental I have. I took the money from the sale of the house and put it towards paying down the rental and refinanced so I’d have a low payment.

Would my net worth have been higher if I kept the mortgage and put the money in CDs? No.

MrNewEngland
Posts: 807
Joined: Sun Sep 28, 2014 11:38 am

Re: Can I be a member of the two comma club?

Post by MrNewEngland » Sat Jan 27, 2018 8:44 pm

MrNewEngland wrote:
Sat Jan 27, 2018 8:42 pm
OldSport wrote:
Sat Jan 27, 2018 1:03 am
Nearing_Destination wrote:
Fri Jan 26, 2018 6:49 pm
alas, some of us only consider “millionaires “ when we’ve got that in “investable assets “ of which home equity is not included (many, many threads on that)


but congrats on the milestone
OP is a millionaire. Home equity counts toward net worth. I worked very hard to get a proper 20% down payment when I bought my house. I am absolutely counting that. Real estate is an asset. Having a million in investable assets is another milestone for sure.

I agree with this 100%. I don’t understand the idea that home equity isn’t part of your net worth.

About 3 months ago I sold my house and moved into a rental I have. I took the money from the sale of the house and put it towards paying down the rental and refinanced so I’d have a low payment.

Would my net worth have been higher if I kept the mortgage and put the money in CDs? No.

Or if I had never bought the house or condo... now my housing payment would be more than double what it is right now and I wouldn’t have the slightly more than $100k in equity on the condo.

Silverado
Posts: 237
Joined: Fri Oct 18, 2013 6:07 pm

Re: Post your Financial Milestone Announcements Here

Post by Silverado » Sun Jan 28, 2018 10:51 am

Thanks to the early 2018 increases, we are now showing $1M in just US equity funds. Right about 94% is in index funds, the remaining 6% is in a legacy small company tech fund. Stopped new money years ago, but it continues to be on a strong upward climg. ER in 0.8% so could be worse.

I had noticed a couple months ago that we would likely be hitting this unimportant milestone, so I have kept a closer eye on just that value recently. I have another value in mind for our bond part that is still a few years away.

I'm one who never uses home equity in 'our worth' calculations. We have moved around a lot and our house (paid off) feels like a liability and just a money sink. For true accounting, sure I'd include it, but I don't see a need to be any more formal. I don't perticipate in net worth discussions, so it my rules have no impact on anything.

User avatar
Sandtrap
Posts: 8403
Joined: Sat Nov 26, 2016 6:32 pm
Location: Hawaii No Ka Oi , N. Arizona

Re: Post your Financial Milestone Announcements Here

Post by Sandtrap » Sun Jan 28, 2018 10:55 am

Silverado wrote:
Sun Jan 28, 2018 10:51 am
Thanks to the early 2018 increases, we are now showing $1M in just US equity funds. Right about 94% is in index funds, the remaining 6% is in a legacy small company tech fund. Stopped new money years ago, but it continues to be on a strong upward climg. ER in 0.8% so could be worse.

I had noticed a couple months ago that we would likely be hitting this unimportant milestone, so I have kept a closer eye on just that value recently. I have another value in mind for our bond part that is still a few years away.

I'm one who never uses home equity in 'our worth' calculations. We have moved around a lot and our house (paid off) feels like a liability and just a money sink. For true accounting, sure I'd include it, but I don't see a need to be any more formal. I don't perticipate in net worth discussions, so it my rules have no impact on anything.
Good job.
Congratulations!
:sharebeer
Wiki Bogleheads Wiki: Everything You Need to Know

TXWill
Posts: 32
Joined: Wed Apr 09, 2014 1:08 pm

Re: moderate income, high net assets, one way to get there

Post by TXWill » Sun Jan 28, 2018 5:40 pm

Good on you!

Kill debt, LBYM, work long and hard, save and invest, stay the course and freedom is yours!

Well done!

TwstdSista
Posts: 996
Joined: Thu Nov 16, 2017 4:03 am

Re: moderate income, high net assets, one way to get there

Post by TwstdSista » Sun Jan 28, 2018 5:58 pm

Wow -- You are an inspiration! Thank you for this post, and for the reminder that "there are many roads...."

MrNewEngland
Posts: 807
Joined: Sun Sep 28, 2014 11:38 am

Re: Can I be a member of the two comma club?

Post by MrNewEngland » Sun Jan 28, 2018 6:01 pm

MrNewEngland wrote:
Sat Jan 27, 2018 8:44 pm
MrNewEngland wrote:
Sat Jan 27, 2018 8:42 pm
OldSport wrote:
Sat Jan 27, 2018 1:03 am
Nearing_Destination wrote:
Fri Jan 26, 2018 6:49 pm
alas, some of us only consider “millionaires “ when we’ve got that in “investable assets “ of which home equity is not included (many, many threads on that)


but congrats on the milestone
OP is a millionaire. Home equity counts toward net worth. I worked very hard to get a proper 20% down payment when I bought my house. I am absolutely counting that. Real estate is an asset. Having a million in investable assets is another milestone for sure.

I agree with this 100%. I don’t understand the idea that home equity isn’t part of your net worth.

About 3 months ago I sold my house and moved into a rental I have. I took the money from the sale of the house and put it towards paying down the rental and refinanced so I’d have a low payment.

Would my net worth have been higher if I kept the mortgage and put the money in CDs? No.

Or if I had never bought the house or condo... now my housing payment would be more than double what it is right now and I wouldn’t have the slightly more than $100k in equity on the condo.
Or what if I took the maximum out of my HELOC? Would I suddenly be $50k richer?

BV3273
Posts: 332
Joined: Mon Oct 19, 2015 7:20 pm

Re: moderate income, high net assets, one way to get there

Post by BV3273 » Sun Jan 28, 2018 6:08 pm

As others have said very inspirational.

I read a quote a few years back that has stuck with me “It’s not what you make, but what you save.”

akron1977
Posts: 51
Joined: Wed Jul 01, 2015 6:48 pm

Re: Post your Financial Milestone Announcements Here

Post by akron1977 » Sun Jan 28, 2018 6:21 pm

Recently hit $750,000 in retirement assets---DH retired a little over 4 years ago and never made 6 figures; I've been a SAHM for the past 25 years. Our youngest still had two years of college left at retirement--the other 3 were out with no debt. Still not taking SS and no pension---retirement income has been withdrawals from retirement savings---which are still 14% higher now than at retirement. DH will start SS at age 70, a little over two years from now and still undecided if I wait until 70 or start at FRA (66 and 2 months). I have used this forum for advice several times, and check in regularly---and am passing on the knowledge gleaned here to our four daughters as they begin careers/family life. ROTH conversion for 2017, and looking to substantially increase those in the next two years---would max out the 22% bracket but need to stay under the Medicare limits. So glad I found these forums!

DocSleepy72
Posts: 13
Joined: Sun Jan 28, 2018 6:52 pm

Re: Post your Financial Milestone Announcements Here

Post by DocSleepy72 » Sun Jan 28, 2018 7:04 pm

My wife and I have accumulated enough wealth that I felt mostly comfortable signing up for a monthly membership at the local car wash today (basic carwash only). :D

spammagnet
Posts: 1069
Joined: Wed Apr 27, 2016 9:42 pm

Re: Post your Financial Milestone Announcements Here

Post by spammagnet » Sun Jan 28, 2018 8:01 pm

DocSleepy72 wrote:
Sun Jan 28, 2018 7:04 pm
My wife and I have accumulated enough wealth that I felt mostly comfortable signing up for a monthly membership at the local car wash today (basic carwash only). :D
(emphasis added)

I suspect that somewhere in the back of your mind there's a voice telling you that your choice is not frugal. A true BH would wash it themselves, if willing to waste the water. Or would that be an MMM disciple? <smile>

User avatar
LadyGeek
Site Admin
Posts: 57442
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: moderate income, high net assets, one way to get there

Post by LadyGeek » Sun Jan 28, 2018 10:58 pm

I merged rob in cal's thread into here. From Page 3:
rob in cal wrote:
Sat Jan 27, 2018 1:09 pm
I've been analyzing how my wife and I have achieved a pretty high asset level (by US standards, not necessarily bogleheads) and there were a few key steps for us. I've been working as a full time (actually down to about 30 hours now, my wife works another 7 hours per week also) pizza, pasta, grill food delivery driver.
Step one, get a little lucky with our home purchase. We bought in Sacramento area in 1998, literally months before the great housing boom took off.
The fairly low purchase price allowed us to pay over 20% down, and then we poured all of our savings into mortgage destruction, achieved in 2004. From 2004 not having a mortgage allowed us to put that much more of our income into investments.
Step two, live modestly. We've never adjusted our lifestyle too much base on our income, so overall savings levels are retained year in year out, with some variance due to kids getting older, working a little less etc.
Step three, work a little extra for while. For several years I worked 6 dinner shifts and 5 lunch shifts delivering food at the restaurant we work at. I view that sixth night a week that I worked as the part time job I used to have. Doing that for six years in the early 2000's and investing all that extra money I made, is equal, with investing and compounding, to maybe 100 k today.
Step four, regular investing. Since 2004 I've been putting money into different things (there was my whole Prosper fixation of 2005-2008), but mostly since 2008, into first a share of ownership at the restaurant we work at (which has created a nice little income stream since 2010) and then into my vanguard index funds.
Over the last five years or so I've finally seen all this work really come to fruition, as I put restaurant ownership dividends straight into my index funds, in addition to regular income savings, so that my index funds are exploding because of that and high returns.
Step five, a modest inheritance that we also put into savings. It was helpful, and probably accounts for about 10% of our total assets.
The crazy thing about all this was that for much of the time my wife was a stay at home mom, and she only helps out at the restaurant very part time. Oh, and I suppose the other crazy thing is that I've been delivery driver for all this time, and that is often considered, as my daughter humourously puts it, "a college students job".
Would like to hear from others about how they've achived high assets with modest annual income.
FYI - Several threads are merged into here. Look at the individual post's title (top-left corner) to see where the post came from.
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.

User avatar
mickeyd
Posts: 4751
Joined: Fri Feb 23, 2007 3:19 pm
Location: Deep in the Heart of South Texas

Re: Post your Financial Milestone Announcements Here

Post by mickeyd » Mon Jan 29, 2018 5:07 pm

I once again fell way short of membership in the 3 comma club. I have a feeling that 2018 may get me over the top.
Part-Owner of Texas | | “The CMH-the Cost Matters Hypothesis -is all that is needed to explain why indexing must and will work… Yes, it is that simple.” John C. Bogle

bartio
Posts: 18
Joined: Sat Mar 29, 2014 12:44 pm

Re: Post your Financial Milestone Announcements Here

Post by bartio » Thu Feb 01, 2018 6:26 pm

It'd be great to hear age and any past milestones at the respective ages. It'd serve as a yardstick and a measure for some of us yearning to be where you are :-) I always wonder if my early years being a spendthrift would have been different by now if I was financially disciplined then!

I'm 42, with 3 kids 10,6,1 and my wife SAHM for last two years but soon to start looking for a job. Entering two comma club before I hit 45 will be great achievement for me. Started being debt free from 2004 when I was 29 and been frugal since then. We are at 750 K right now with home equity.

schachtw
Posts: 144
Joined: Mon Jul 06, 2015 6:15 pm

Re: Post your Financial Milestone Announcements Here

Post by schachtw » Thu Feb 01, 2018 8:04 pm

I’m only comfortable posting something like this on the forum.

2017 saw my wife and I hit the 5M mark. Our son and daughter-in-law are expecting soon, we’ll do our best to spoil them (within reason of course)!

We feel very fortunate.

heyyou
Posts: 3566
Joined: Tue Feb 20, 2007 4:58 pm

Re: Post your Financial Milestone Announcements Here

Post by heyyou » Thu Feb 01, 2018 10:00 pm

This is more of a mile-pebble instead of a -stone.
Been retired 4480 days, including the best years of my life. The portfolio is worth more than when we retired, so we continue to think that we have enough. We are grateful for Mr. Bogle choosing to offer the first public index fund, since index fund investing was our path to retirement.

lostdog
Posts: 2001
Joined: Thu Feb 04, 2016 2:15 pm

Re: Post your Financial Milestone Announcements Here

Post by lostdog » Fri Feb 02, 2018 9:24 am

stemikger wrote:
Tue Jan 16, 2018 5:40 am
O.K. This new thread made me want to check.

Due to market highs I am now at 710K. My house is in the New York area (Staten Island) and every day in the S.I. Advance they keep reporting on the affordability crisis due to how high the housing market is.

My house I bought brand new in 1993 for $134K is now worth over $500K. So with no mortgage and no other debt, I am a net worth millionaire. Yeah!!

For the record, I'm 53 and my number is $1 million.

Good Luck to everyone who is heading toward their dream of becoming financially independent!
Grats Stemikger. :sharebeer

I enjoy reading your posts.
VTWAX and chill.

TwstdSista
Posts: 996
Joined: Thu Nov 16, 2017 4:03 am

Re: Post your Financial Milestone Announcements Here

Post by TwstdSista » Sat Feb 03, 2018 7:47 am

Small milestone here. After a few mis-steps back in November and finally putting together an IPS, the husband and I are now officially 3 fund portfolio converts. I have also contributed to my 2017 Roth IRA and partially contributed to the husband's 2017 Roth with plans to fully contribute before tax day. Everything is invested according to our IPS.

Phew! Still a couple of small housekeeping issues to address before the end of the month, but we are on the right path for us. I thank this forum and the combined knowledge of countless posters who willingly provide free financial advice.

BeautifulDisaster
Posts: 50
Joined: Thu Jan 11, 2018 12:56 pm

Excited about a milestone!

Post by BeautifulDisaster » Fri Feb 09, 2018 10:37 am

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

Hey! I feel like I should be proud of myself for this!

I did some math today after I paid my last tuition bill for my M.B.A and realized that I only paid $2,000 out of my own pocket for my undergraduate degree and masters degree!!

A lot of late nights of missing parties to fill out scholarships in my undergrad and choosing to be an resident assistant for the free housing helped a lot! For my grad program, the company i work for footed a big chunk of the bill!

:beer

johnz1001
Posts: 178
Joined: Tue Jan 01, 2013 7:41 am

Re: Excited about a milestone!

Post by johnz1001 » Fri Feb 09, 2018 10:43 am

That's thinking ahead right there. I did something similar coming out of grad school in the green rather than the red. A lot has to do with available scholarships, making use of resources (resident assistant, for example), lots of dedication, and some luck. You deserve some congratulations.

User avatar
Sandtrap
Posts: 8403
Joined: Sat Nov 26, 2016 6:32 pm
Location: Hawaii No Ka Oi , N. Arizona

Re: Excited about a milestone!

Post by Sandtrap » Fri Feb 09, 2018 10:44 am

Congratulations on your hard work and sticking to a plan for that long.
Onward. . . . to great things. . .
:sharebeer
j :D
Wiki Bogleheads Wiki: Everything You Need to Know

ybdam
Posts: 23
Joined: Mon Dec 25, 2017 7:50 pm

Re: Excited about a milestone!

Post by ybdam » Fri Feb 09, 2018 10:50 am

BeautifulDisaster wrote:
Fri Feb 09, 2018 10:37 am
Hey! I feel like I should be proud of myself for this!

I did some math today after I paid my last tuition bill for my M.B.A and realized that I only paid $2,000 out of my own pocket for my undergraduate degree and masters degree!!

A lot of late nights of missing parties to fill out scholarships in my undergrad and choosing to be an resident assistant for the free housing helped a lot! For my grad program, the company i work for footed a big chunk of the bill!

:beer
Congratulations! You should definitely be proud of yourself. :beer
Last edited by ybdam on Fri Feb 09, 2018 11:48 am, edited 1 time in total.

jlcnuke
Posts: 434
Joined: Thu Mar 16, 2017 10:26 am

Re: Excited about a milestone!

Post by jlcnuke » Fri Feb 09, 2018 11:07 am

Congrats!

kalrocmk
Posts: 54
Joined: Wed Apr 08, 2015 10:51 am

Re: Excited about a milestone!

Post by kalrocmk » Fri Feb 09, 2018 12:07 pm

:sharebeer

Congratulations! that is no small achievement.
Just trying to make a living

gotester2000
Posts: 619
Joined: Sun Nov 12, 2017 1:59 am

Re: Excited about a milestone!

Post by gotester2000 » Fri Feb 09, 2018 1:20 pm

Congratulations - enjoy life but dont be complacent - stay the course.

Post Reply