Post your Financial Milestone Announcements Here

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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Fri Feb 09, 2018 2:52 pm

I merged BeautifulDisaster's thread into here.

The amount of your milestone doesn't matter. If you've achieved something good, brag away.

TwstdSista and BeautifulDisaster, Congrats!
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unclescrooge
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Re: Post your Financial Milestone Announcements Here

Post by unclescrooge » Fri Feb 09, 2018 3:18 pm

White Coat Investor wrote:
Tue Jan 09, 2018 2:34 am
But our most significant milestone for 2017 and the one we're most proud of was giving away more than we spent.
Truly, quite an achievement!

Congrats!!!

I will add this to my list of goals. Sadly, I'm many years away from this, partly as I live in a VHCOL area.

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zTurtle
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Re: Post your Financial Milestone Announcements Here

Post by zTurtle » Mon Feb 12, 2018 4:01 pm

Milestone: first (and probably last) Two Comma transaction! $1,000,000 into Balanced Index fund today, submitted on my iPhone. :D this is my first post but I’ve spent many hours here researching before making this big decision. Thank you Bogleheads!

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meowcat
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Re: Post your Financial Milestone Announcements Here

Post by meowcat » Thu Feb 22, 2018 1:57 pm

Hi, Bogleheads.
First, let me start off by saying that I have been saving in a 401K since I was 23. My DW has done the same since I met her 23 years ago. Together, we earn a decent living but neither of us has ever earned a six figure salary. I'm 54, my Wife, 52. Back in 2001 we bought too much house in South Florida. We struggled with that house for 16 years and it literally made us "poor". Although we struggled, we never stopped contributing to our 401k's. That's important, because at the peak of the market in January, this year, our net worth hit $511,000. Now, I don't know if that's good for our age or not, but I think it should be more. Our calculations tell us that if we keep doing what we are doing, we should hit 25X expenses before we hit 67, our FRA. The funny thing is, I'm not really looking at it as a milestone. Nothing changed except that I walk with a little more purpose and confidence these days.
More people should learn to tell their dollars where to go instead of asking them where they went. | -Roger Babson

TwstdSista
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Re: Post your Financial Milestone Announcements Here

Post by TwstdSista » Thu Feb 22, 2018 5:38 pm

^ Great job Meowcat! whether or not you should have more? Meh, you can always have more. But you simply may have enough, which is fantastic!

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Two Comma Club

Post by welderwannabe » Thu Feb 22, 2018 7:32 pm

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

Wife and I just recently hit the two comma club. We have been there for a couple years including our house, but we just hit it for just our investments. Been a long slog and lots of savings but we finally made it. We are in our early forties. Can't tell anyone else, so I had to share here.

:beer
I am not an investment professional, but I did stay at a Holiday Inn Express last night.

PFInterest
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Re: Two Comma Club

Post by PFInterest » Thu Feb 22, 2018 7:33 pm

:sharebeer

Strayshot
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Re: Two Comma Club

Post by Strayshot » Thu Feb 22, 2018 7:34 pm

Congrats and welcome to the club, there is a dedicated thread for these types of announcements and mods can merge them.

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CyclingDuo
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Re: Two Comma Club

Post by CyclingDuo » Thu Feb 22, 2018 7:54 pm

welderwannabe wrote:
Thu Feb 22, 2018 7:32 pm
Wife and I just recently hit the two comma club. We have been there for a couple years including our house, but we just hit it for just our investments. Been a long slog and lots of savings but we finally made it. We are in our early forties. Can't tell anyone else, so I had to share here.

:beer
Congrats!

Good time to read up on the portfolio size effect...

https://www.kitces.com/blog/managing-po ... -red-zone/
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DanMahowny
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Re: Two Comma Club

Post by DanMahowny » Thu Feb 22, 2018 7:57 pm

Congrats welderwannabe and wife!

It's a special day that you'll always remember.
Funding secured

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fishandgolf
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Re: Two Comma Club

Post by fishandgolf » Thu Feb 22, 2018 7:57 pm

:sharebeer Congratulations welderwannabe.......welcome to the club...... :sharebeer

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samsoes
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Re: Two Comma Club

Post by samsoes » Thu Feb 22, 2018 8:01 pm

Congratulations! Remember, you'll likely drop below and above $1M a few times in the short term due to market fluctuations, but you're still a member of the club. :beer
"Happiness Is Not My Companion" - Gen. Gouverneur K. Warren. | (Avatar is the statue of Gen. Warren atop Little Round Top @ Gettysburg National Military Park.)

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jimmyq
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Re: Two Comma Club

Post by jimmyq » Thu Feb 22, 2018 8:04 pm

Congrats welderwannabe!
Now start working on that 3rd comma. That one's gonna be just a little more challenging.

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welderwannabe
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Re: Two Comma Club

Post by welderwannabe » Thu Feb 22, 2018 8:11 pm

CyclingDuo wrote:
Thu Feb 22, 2018 7:54 pm
Good time to read up on the portfolio size effect...

https://www.kitces.com/blog/managing-po ... -red-zone/
Interesting article. I will have to read it in more depth tomorrow. Thanks for sharing.
I am not an investment professional, but I did stay at a Holiday Inn Express last night.

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Re: Two Comma Club

Post by jminv » Thu Feb 22, 2018 8:21 pm

Congrats, feels great doesn't it!

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randomizer
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Re: Two Comma Club

Post by randomizer » Thu Feb 22, 2018 8:22 pm

So with the recent correction, did you join the club, leave it, and then join it again?
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Re: Two Comma Club

Post by cfs » Thu Feb 22, 2018 8:29 pm

What happened to the omnibus thread [the one used to announce milestones]? Was that one closed? Good luck y gracias por leer ~cfs~
~ Member of the Active Retired Force since 2014 ~

DavidW
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Re: Two Comma Club

Post by DavidW » Thu Feb 22, 2018 8:56 pm

welderwannabe wrote:
Thu Feb 22, 2018 7:32 pm
Can't tell anyone else, so I had to share here.

:beer
Isn't that the irony. This is something we worked so hard everyday and being diligent yet we can't share or celebrate with friends.... I am glad a forum like this exist for like minded folks....

aristotelian
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Re: Two Comma Club

Post by aristotelian » Thu Feb 22, 2018 9:01 pm

randomizer wrote:
Thu Feb 22, 2018 8:22 pm
So with the recent correction, did you join the club, leave it, and then join it again?
That was me. I was in the club for about 48 hours.

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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Thu Feb 22, 2018 9:06 pm

I merged welderwannabe's thread into here. Congrats! Brag away, that's what we're here for.
cfs wrote:
Thu Feb 22, 2018 8:29 pm
What happened to the omnibus thread [the one used to announce milestones]? Was that one closed? Good luck y gracias por leer ~cfs~
The thread is hiding as a sticky at the top of the Local Chapters and Bogleheads Community forum.
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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welderwannabe
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Re: Two Comma Club

Post by welderwannabe » Fri Feb 23, 2018 8:38 am

randomizer wrote:
Thu Feb 22, 2018 8:22 pm
So with the recent correction, did you join the club, leave it, and then join it again?
Yes! I waited to post until it held for a few days! :)
I am not an investment professional, but I did stay at a Holiday Inn Express last night.

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Re: Two Comma Club

Post by sschullo » Sat Feb 24, 2018 11:05 am

aristotelian wrote:
Thu Feb 22, 2018 9:01 pm
randomizer wrote:
Thu Feb 22, 2018 8:22 pm
So with the recent correction, did you join the club, leave it, and then join it again?
That was me. I was in the club for about 48 hours.
I was in the club first in November 1999 and lasted almost a year in the club until the tech bubble popped! I did not rejoin the club until about five years later. Diversify!
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

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Re: Post your Financial Milestone Announcements Here

Post by mickeyd » Sat Feb 24, 2018 4:25 pm

My most recent application to the three-comma-club was rejected out of hand by those snooty Xastards at their HQ. Evidently early applications are not accepted. :annoyed
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TwstdSista
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Re: Post your Financial Milestone Announcements Here

Post by TwstdSista » Thu Mar 01, 2018 10:36 am

This was our first end-of-month with a simple three fund portfolio -- and it was the easiest ever! I updated our numbers and then started looking around, like I was missing something. Ha! Just missing all the other unnecessary funds! Hip hip hooray!

Oh, and taxes filed. Refund back in three business days. Smallest refund in at least 15 years -- I'm getting better at estimated taxes!

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Re: Post your Financial Milestone Announcements Here

Post by AnimalCrackers » Thu Mar 01, 2018 5:53 pm

We hit $1M net worth (including home equity) in January, according to Quicken. And, we pushed our savings rate above 32%, which I think is more significant.

The wife was mostly unimpressed . . . probably because our future retirement dates are essentially fixed in the distant future, due to the age-requirements in the formula for our pensions.

We did not celebrate. (Actually, I kind of celebrated alone . . . by gawking at the figures in Quicken.)
"Everybody has a plan until they get punched in the face." -- philosopher Mike Tyson

limine
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Re: Post your Financial Milestone Announcements Here

Post by limine » Fri Mar 02, 2018 9:32 pm

We also entered the initial two-comma club (counting home equity) this week! Looking forward to getting there in liquid assets!

motorcyclesarecool
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Financial Milestone Announcement: Six Figure TSP Club

Post by motorcyclesarecool » Tue Mar 06, 2018 8:14 am

This morning I logged into the TSP to see that my balance has crossed into six figure territory. DW had six figures in her IRAs some time ago, and I had a combined six figures between my IRAs and my TSP, but crossing six figures in my TSP while still in my thirties still feels like a big deal. I’d like to take a moment to thank the wiki contributors and everyone who has weighed in when I’ve had a question. This site has been invaluable.
Understand that choosing an HDHP is very much a "red pill" approach. Most would rather pay higher premiums for a $20 copay per visit. They will think you weird for choosing an HSA.

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A nice surprise

Post by peterinjapan » Sat Mar 10, 2018 3:45 am

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

Had a nice surprise when I woke up this morning: a condo I sold closed escrow and now I have an account balance that starts with a '2' and contains two commas, for the first time ever.

[Distracting animated GIF removed. Here's the link: https://media.giphy.com/media/87SLBtmdpwxva/source.gif]

Thanks to everyone here for your calm, high quality advice over the months and years!

ivk5
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Re: A nice surprise

Post by ivk5 » Sat Mar 10, 2018 6:25 am

Congrats!

GoldenFinch
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Re: A nice surprise

Post by GoldenFinch » Sat Mar 10, 2018 6:41 am

I’m very happy for you. :happy Somehow your Wolf of Wallstreet toast doesn’t seem right though. Maybe a pic of a toasting, smiling Rockefeller? Or a tall ship sailing into port.

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Re: A nice surprise

Post by Johnnie » Sat Mar 10, 2018 9:47 am

Sweet! Reminds me of a recent (and comforting) thread, "the second million is easier."

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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Sat Mar 10, 2018 1:39 pm

I merged peterinjapan's thread into here, which is a sticky in the Local Chapters and Bogleheads Community forum.

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.

Simple Simon
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Re: Post your Financial Milestone Announcements Here

Post by Simple Simon » Sat Mar 10, 2018 3:09 pm

KlangFool wrote:
Wed Jan 10, 2018 10:20 pm
Folks,

2017 will be the first year that my portfolio growth matched my gross income. All I need is 2 more years like this.

KlangFool
Getting a really badly-paid job will make this easier :wink:

ny_rn
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Re: Post your Financial Milestone Announcements Here

Post by ny_rn » Sat Mar 10, 2018 3:18 pm

My 403(b) recently hit six-figures and I still have ~ 30-years until I need this money.

Here's to all of my co-workers who make fun of me because I keep a ziplock bag full of coins at work to buy coffee, snacks, etc. :D

Animated GIF: https://media.giphy.com/media/gTURHJs4e2Ies/giphy.gif

Thank you, Bogleheads!

KlangFool
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Re: Post your Financial Milestone Announcements Here

Post by KlangFool » Sat Mar 10, 2018 4:08 pm

Simple Simon wrote:
Sat Mar 10, 2018 3:09 pm
KlangFool wrote:
Wed Jan 10, 2018 10:20 pm
Folks,

2017 will be the first year that my portfolio growth matched my gross income. All I need is 2 more years like this.

KlangFool
Getting a really badly-paid job will make this easier :wink:
Simple Simon,

Not quite sure what do you mean by that?? Thanks to my saving rate and portfolio size, I never have to settle for a badly paid job. This applied even during recessions and economic crisis. This is one of the few luxuries of life for me.

KlangFool

Glockenspiel
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Re: Post your Financial Milestone Announcements Here

Post by Glockenspiel » Sat Mar 10, 2018 10:36 pm

DW and I are both 33 and just crossed the $600k net worth mark, including home equity. We make between $150-200k combined. I think this is decent and we hope we can be on track to retire in 20-25 years.

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mhadden1
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Re: Post your Financial Milestone Announcements Here

Post by mhadden1 » Sun Mar 11, 2018 4:24 am

DW and I together (only thing that counts) crossed the 2-comma line in investments in October. Since then have probably bounced above and below a bit. Must I report every crossing? If I do, I do.....
Oh I can't, can I? That's what they said to Thomas Edison, mighty inventor, Thomas Lindberg, mighty flyer,and Thomas Shefsky, mighty like a rose.

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WoodSpinner
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Re: Post your Financial Milestone Announcements Here

Post by WoodSpinner » Sun Mar 11, 2018 8:59 am

AnimalCrackers wrote:
Thu Mar 01, 2018 5:53 pm
We hit $1M net worth (including home equity) in January, according to Quicken. And, we pushed our savings rate above 32%, which I think is more significant.

The wife was mostly unimpressed . . . probably because our future retirement dates are essentially fixed in the distant future, due to the age-requirements in the formula for our pensions.

We did not celebrate. (Actually, I kind of celebrated alone . . . by gawking at the figures in Quicken.)
Well done ...

Dollarsign16
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Re: Post your Financial Milestone Announcements Here

Post by Dollarsign16 » Sun Mar 11, 2018 6:27 pm

Hit $250K across my individual tax advantaged accounts for the first time on Friday (age 34). Breakdown is as follows:
403b $116,526.81
Rollover IRA $46,952.87
Roth IRA $86,925.45
Total = $250,405.13
DW has her own accounts and our total NW with home equity is north of $800K but kinda nice tracking my individual account (mini)milestones.
:sharebeer
Too many people spend money they earned..to buy things they don’t want..to impress people they don’t like. –Will Rogers

chicagoan23
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Re: Post your Financial Milestone Announcements Here

Post by chicagoan23 » Mon Mar 12, 2018 5:42 pm

According to my social security records (and 2018 paychecks) I just hit $3 million in career wages and self-employment earnings, dating back 28 years to when I was making $4.25/hr at age 15. Very interesting to see that progression, and compare it to current net worth/portfolio size.

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cfs
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Re: A nice surprise

Post by cfs » Mon Mar 12, 2018 5:50 pm

peterinjapan wrote:
Sat Mar 10, 2018 3:45 am
. . . and now I have an account balance that starts with a '2' and contains two commas . . .
Awesome. Good job on this, good luck with your investments, y gracias por leer ~cfs~
~ Member of the Active Retired Force since 2014 ~

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cfs
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Re: Post your Financial Milestone Announcements Here

Post by cfs » Mon Mar 12, 2018 5:53 pm

Glockenspiel wrote:
Sat Mar 10, 2018 10:36 pm
DW and I are both 33 and just crossed the $600k net worth mark, including home equity. We make between $150-200k combined. I think this is decent and we hope we can be on track to retire in 20-25 years.
Wow, you will be ready to retire in about 20 years, keep investing slowly and for the long run [and ignore all the noise]. Gracias por leer ~cfs~
~ Member of the Active Retired Force since 2014 ~

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cfs
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Re: Post your Financial Milestone Announcements Here

Post by cfs » Mon Mar 12, 2018 5:55 pm

mhadden1 wrote:
Sun Mar 11, 2018 4:24 am
. . . DW and I together (only thing that counts) crossed the 2-comma line in investments in October . . .
Congratulations, no, no need to report every crossing! Good luck with your investment, y gracias por leer ~cfs~
~ Member of the Active Retired Force since 2014 ~

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cfs
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Re: Post your Financial Milestone Announcements Here

Post by cfs » Mon Mar 12, 2018 5:57 pm

ny_rn wrote:
Sat Mar 10, 2018 3:18 pm
. . . My 403(b) recently hit six-figures and I still have ~ 30-years until I need this money . . . .
Wow, what a feeling! Oh, I like the animated gif. Good luck, y gracias por leer ~cfs~
~ Member of the Active Retired Force since 2014 ~

ny_rn
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Re: Post your Financial Milestone Announcements Here

Post by ny_rn » Tue Mar 13, 2018 5:02 am

cfs wrote:
Mon Mar 12, 2018 5:57 pm
ny_rn wrote:
Sat Mar 10, 2018 3:18 pm
. . . My 403(b) recently hit six-figures and I still have ~ 30-years until I need this money . . . .
Wow, what a feeling! Oh, I like the animated gif. Good luck, y gracias por leer ~cfs~
Thank you. I wish my current employer matched contributions.

Impromptu
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2 Comma Club

Post by Impromptu » Wed Mar 14, 2018 10:20 am

[merged Impromptu's thread and reply into the Milestone thread - moderator prudent]

Hi,

As others have found, this is one of the few places one can announce entrance to the 2 Comma Club. We were $50 away at the height of the market in January, but then the markets went back down and it took 2 more paychecks to get there.

I finished residency in June 2013, so it took just under 5 years to get here. We paid $330,000 for student loans and interest for me and my wife. We bought a very low cost house in low cost of living area with a relatively high paying job. Wife is a stay at home mom. We love our city.

The original goal was to live here for 10 years, get to $3 Million, and possibly retire, or have the option to retire. But now we really want to move closer to family, as elderly family members' health isn't what it used to be and we want our children to know their grandparents. The new job will pay significantly less, but should also involve less stress. Housing will cost a bit more. The hospital privileging process was designed by Lucifer for only the worst sinners in hell, but was adopted by hospitals for unknown reasons. But not a single person has told me I would regret having more family time while I still can.

My goal of $3 Million by 10 years out might not happen as fast, but I think we are at a tipping point where things will start to accelerate faster than we anticipated, even if we begin to spend a bit more. And the time we can spend with my ill father will be worth its weight in gold.
I'll gladly pay you Tuesday for a hamburger today.

alfaspider
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Re: 2 Comma Club

Post by alfaspider » Wed Mar 14, 2018 10:33 am

Congrats on the accomplishment!

One advantage of having saved like you did is it opens up possibilities like taking a lower paying job to be near family. People think of money as buying "stuff", but I think the most important thing it buys is freedom to do what you need or want to do.

rai
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Re: Post your Financial Milestone Announcements Here

Post by rai » Wed Mar 14, 2018 12:57 pm

Don’t want to say the exact dollars but we made more on investments last year than we made from our jobs.
"Life is what happens to you while you're busy making other plans" - John Lennon. | | "You say that money, isn't everything | But I'd like to see you live without it." - Silverchair

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Re: Post your Financial Milestone Announcements Here

Post by sschullo » Thu Mar 29, 2018 11:46 am

Hi Bogleheads,
It just occurred to me that I have a milestone! It’s about my income rather than my portfolio amount. Last year, 2017, for the first time in my 70 years, I reached an annual gross income level of $200,000+! Most people will never earn $200,000 per year, I never came close. And this income is NOT from working. I exceeded this milestone from the booming stock and bond market investments last year, and I kept my ER embarrassingly minuscule. Isn’t this how investments are supposed to work and to keep a keen eye on expenses?

My (30/70) BORING portfolio returned 9.0% in 2017. No surprise as it is an all Boglehead portfolio in which I only paid .07% in fees, a mere $1100.00. So as a result, my portfolio’s growth, teacher’s pension, Social Security, and a VA compensation benefit took me over $200,000. (BTW, I do NOT have a lucrative pension. It is only 49% of my teacher’s salary, my VA compensation is $408 per month, and my SS is only $418 per month because of the pension offset). ¾ of my income is from my portfolio growth last year! And I thank you smart Bogleheads for straightening out our portfolio of my late spouse and me 15 years ago.

Here is a problem that I knew and heard about but never experienced. I have never experienced a high income so likewise I never experienced high-income taxes either. Now that I am considered a high-income earner and as a 70-year-old starting my RMD this year, taxes may become an issue. I now know why you high earners talk so much about taxes! But the usual approach is to donate to worthy causes, invest in tax-efficient index funds, have a Roth IRA, don’t trade frequently, created a side business so I can itemize, invest in solar energy and purchase solar panels, two electric cars and use energy efficient tax breaks (I've done all of that).

I guess I am not too worried about income taxes as it is something I will learn about just as I learned about investing as a 55-year-old. I am always learning something new, so I will now learn about saving on my income taxes in my 70s. I am not a “late bloomer” for nothing!

Interestingly, I calculated that in the last 15 years, I had saved about $215,000 just in portfolio costs alone by being a DIYer (I calculated an annual hypothetical 1.35% ER and comparing it to what I actually paid in all those years! Yikes!). My savings alone paid for a new Tesla, new Nissan Leaf, solar panels and a kitchen remodel.

As Jack said over and over, costs matter, even if you don’t earn a high income. That competent and ethical fiduciary fee-only financial adviser can be costly, the 1.0% AUM is a killer when compounded over many years, IMHO. Use a financial adviser for a couple of years just to learn from them, and then become a DIYer.

Thank you again Bogleheads for helping me, and my late spouse turn our financial tech bubble crash disaster into a comfortable retirement (lost 70% of our portfolio and paid over 1.0% in costs at the time).

Now go save yourself some money, and you too can become a high earner IN RETIREMENT!

Steve
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

LukeHeinz57
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Re: Post your Financial Milestone Announcements Here

Post by LukeHeinz57 » Thu Mar 29, 2018 1:05 pm

Just wanted to send you a personal note of congratulations on your milestone! Way to go on keeping your expenses so low! :D I hope to be in your position in the future earning six figures on my investments and reaping the rewards of good decision making from years past. :beer

As a side note, this is a nice change of pace milestone from the net worth ones.

Congrats,
Luke
"Contentment", the only thing you ever truly need more of!

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