Post your Financial Milestone Announcements Here

US Local Chapters, Wiki, and general Bogleheads community discussion, news, events, and announcements.
Post Reply
User avatar
Toons
Posts: 13396
Joined: Fri Nov 21, 2008 10:20 am
Location: Hills of Tennessee

Re: Post your Financial Milestone Announcements Here

Post by Toons » Thu Jan 11, 2018 8:43 am

Sandtrap wrote:
Wed Jan 10, 2018 10:15 pm
Toons wrote:
Wed Jan 10, 2018 3:35 pm
To quote Bob Brinker,
My spouse and I are in the ,
"Land Of Critical Mass",and have been so for quite a while.
Keeping debt to a bare minimum,investing frequently(reinvesting)got us there.
Count Our Blessings Every Day.
:happy
If you will. . . what is the "Land of Critical Mass"?
Never heard that before. . .

mahalo,
j :D
:happy :happy
"A state of freedom from worry and anxiety about money due to the accumulation of assets which make it possible to live your life as you choose without working if you prefer not to work or just working because you enjoy your but don't need the income. Plainly stated, the Land of Critical Mass is a place in which individuals enjoy their own personal financial nirvana. Differentiation between earned income and assets is a fundamental lesson to learn when thinking in terms of critical mass. Earned income does not produce critical mass......critical mass is strictly a function of assets."
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee

sschullo
Posts: 2510
Joined: Sun Apr 01, 2007 8:25 am
Location: Rancho Mirage, CA
Contact:

Re: Post your Financial Milestone Announcements Here

Post by sschullo » Thu Jan 11, 2018 9:35 am

Hi Alex,
Not sure if this counts as a milestone here, but it sure does with me. 2017 is the first time that I grossed over $200,000 combined income (since the tech bubble over $400,000 in 1999 which is worthless cause I lost it all) counting portfolio returns, pension, SS, and VA compensation incomes.

But this time around, I am not going to lose all of the gains because my portfolio is properly diversified with a stock-bond split appropriate for my age. It's a very boring portfolio, not at all like the crazy and stupid 90% tech stock portfolio I had in 1999.
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)."

Snowjob
Posts: 1608
Joined: Sun Jun 28, 2009 10:53 pm

Re: Post your Financial Milestone Announcements Here

Post by Snowjob » Thu Jan 11, 2018 10:44 am

GerryL wrote:
Thu Jan 11, 2018 12:49 am
Snowjob wrote:
Wed Jan 10, 2018 2:41 pm
cinghiale wrote:
Wed Jan 10, 2018 3:32 am
A milestone of sorts...

Now two full years into retirement, and have had the good fortune of strong market tailwinds since then. Stepping out of the accumulation phase, with the comfort and security of a monthly paycheck, and into the distribution phase, with the shuddering realization that the seed corn is being eaten, is an emotional and cognitive challenge. No matter how the numbers look on paper, there’s still a “stepping off the high diving board” feel to stopping work and beginning retirement.
Congrats -- That shift to withdrawals will be painful for me no doubt down the road. All in the head for sure, but it certainly makes the idea of a pension sound even more appealing than it already is -- to bad they don't exist anymore! Did you purchase an annuity to help with this transition, it may not make as much financial sense but sometimes I wonder if behavior wise its worth it...
It has just occurred to me that part of the discomfort of "the seed corn is being eaten" is that it is an acknowledgement that no, you are not going to live forever. (I, too, have joined the ranks of decumulators.)
Perhaps another reason to add more annuity / annuity like sources of income, it keeps one from thinking this way!

User avatar
Meg77
Posts: 2566
Joined: Fri May 22, 2009 1:09 pm
Location: Dallas, TX
Contact:

Re: Post your Financial Milestone Announcements Here

Post by Meg77 » Thu Jan 11, 2018 11:49 am

White Coat Investor wrote:
Thu Jan 11, 2018 1:38 am
Meg77 wrote:
Wed Jan 10, 2018 3:15 pm
To be honest I haven't even told my husband yet, and I'm sure we won't do anything special to celebrate. I feel a bit selfish/guilty even being excited about this milestone.
# 1 Go celebrate. We don't celebrate enough. You can certainly afford it.
# 2 Don't feel guilty about having the opportunity, only about what you do with the opportunity. For unto whomsoever much is given, of him shall be much required. It's a weighty responsibility to be wealthy. But there is no reason to feel guilty about working hard, earning money, saving money, investing well etc. So long as you didn't cheat someone to get your wealth, it isn't "filthy." But you're still responsible for what you do with it. Spend a little, save a little, give a little.
Great advice. Thank you! :sharebeer
"An investment in knowledge pays the best interest." - Benjamin Franklin

corgimom11
Posts: 72
Joined: Fri Jul 03, 2015 8:46 pm

Re: Post your Financial Milestone Announcements Here

Post by corgimom11 » Thu Jan 11, 2018 9:35 pm

Not as exciting as some of the prior announcements, but I have a couple that I am hitting today that I am pretty proud of.

We have officially reached net worth of $500K+ including home equity. We should land around $525K after 401K contribution hits after the large bonus I received. I am 29 years old (my husband is 32) and hitting $500K was a stretch goal for me before turning 30. We have hit this goal 9 months early!

I received my largest single bonus at work I have ever received, equivalent to 68% of my yearly salary.

At the end of 2017, I hit an income milestone - where I earned $254K last year. My husband had a good year as well, so we had total household income of $313K. This achievement has made us even more motivated to save as much as possible.

User avatar
Tycoon
Posts: 1500
Joined: Wed Mar 28, 2012 7:06 pm

Re: Post your Financial Milestone Announcements Here

Post by Tycoon » Thu Jan 11, 2018 9:44 pm

First child finished college. Total cost = 0.00
Emotionless, prognostication free investing. Ignoring the noise and economists since 1979. Some are predisposed to consistently lose money. Don't be a sheep.

User avatar
dwickenh
Posts: 1745
Joined: Sun Jan 04, 2015 9:45 pm
Location: Illinois

Re: Post your Financial Milestone Announcements Here

Post by dwickenh » Thu Jan 11, 2018 9:53 pm

Tycoon wrote:
Thu Jan 11, 2018 9:44 pm
First child finished college. Total cost = 0.00
Wow, Now that's amazing. Congrats!!
The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people.” | — Warren Buffett

sambb
Posts: 2591
Joined: Sun Mar 10, 2013 3:31 pm

Re: Post your Financial Milestone Announcements Here

Post by sambb » Fri Jan 12, 2018 3:40 am

reached a major milestone this year - and thanks to those who encouraged emerging markets a year ago - made a huge boost for us. If returns are low, we should still be ok for retirement by age 55. Thanks to this board for the help.

khangaroo
Posts: 38
Joined: Mon Dec 18, 2017 1:11 am

Re: Post your Financial Milestone Announcements Here

Post by khangaroo » Fri Jan 12, 2018 10:45 am

I just passed the $100k mark in my 401k this morning! I started with my company in July 2012 and this was the first year I was able to max the contribution limit. I didn't contribute anything in 2015 while I was on my debt-free journey but once I got down I was able to set my contribution at 25% income (company max) for 2016 & 2017.

It's really awesome to see the growth and how my 401k is maturing into a beautiful financial asset. I always had a hard time believing those examples about the person who starts investing early and has a huge value at the end from growth but I am witnessing it first hand now. It's an incredible and extremely encouraging thing. Preaching to the choir here, but invest early if you can and encourage your kids to too!

lostdog
Posts: 2006
Joined: Thu Feb 04, 2016 2:15 pm

Re: Post your Financial Milestone Announcements Here

Post by lostdog » Fri Jan 12, 2018 7:01 pm

All,

We just arrived at $500k in liquid assets in our retirement accounts and taxable accounts. This does not include our home at roughly ~$200k.

This is our second milestone. I never thought I would arrive here. Thanks to all of the Bogleheads that provided advice and support over the years. On to the next milestone.

I am 42 and my wife is 39.
VTWAX and chill.

GoldenFinch
Posts: 1963
Joined: Mon Nov 10, 2014 11:34 pm

Re: Post your Financial Milestone Announcements Here

Post by GoldenFinch » Fri Jan 12, 2018 7:30 pm

Tycoon wrote:
Thu Jan 11, 2018 9:44 pm
First child finished college. Total cost = 0.00
:sharebeer

User avatar
Will do good
Posts: 870
Joined: Fri Feb 24, 2012 8:23 pm

Re: Post your Financial Milestone Announcements Here

Post by Will do good » Fri Jan 12, 2018 7:53 pm

khangaroo wrote:
Fri Jan 12, 2018 10:45 am
I just passed the $100k mark in my 401k this morning! I started with my company in July 2012 and this was the first year I was able to max the contribution limit. I didn't contribute anything in 2015 while I was on my debt-free journey but once I got down I was able to set my contribution at 25% income (company max) for 2016 & 2017.

It's really awesome to see the growth and how my 401k is maturing into a beautiful financial asset. I always had a hard time believing those examples about the person who starts investing early and has a huge value at the end from growth but I am witnessing it first hand now. It's an incredible and extremely encouraging thing. Preaching to the choir here, but invest early if you can and encourage your kids to too!
Compounding is amazing, congrats. :sharebeer

flyingaway
Posts: 2509
Joined: Fri Jan 17, 2014 10:19 am

Re: Post your Financial Milestone Announcements Here

Post by flyingaway » Fri Jan 12, 2018 8:00 pm

White Coat Investor wrote:
Tue Jan 09, 2018 2:34 am
Ha ha, good timing as we just did our annual net worth update. We hit our "number" this year. Yay us. But our most significant milestone for 2017 and the one we're most proud of was giving away more than we spent. I hope that will continue for many years.

And since I'm putting up the second post in this thread, I just wanted to say congratulations in advance to all who reached a big milestone. Celebrate them. They really are noteworthy accomplishments. I'm proud of you.
Are you serious? I though you hit(ted) your number some years ago.

flyingaway
Posts: 2509
Joined: Fri Jan 17, 2014 10:19 am

Re: Post your Financial Milestone Announcements Here

Post by flyingaway » Fri Jan 12, 2018 8:08 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
I sincerely congratulate you for your success, and thank you for your contributions to this forum.

mmcmonster
Posts: 371
Joined: Sun Jan 12, 2014 1:18 pm

Re: Post your Financial Milestone Announcements Here

Post by mmcmonster » Fri Jan 12, 2018 8:15 pm

Congrats, everyone!

My most recent milestone was $2M in October 2017. With minimal outstanding loans (just my car loan at present), I'm ecstatic about my financial future.

I'm taking a few months off of heavy savings in order to afford solar panels. After that continue my march towards $5M! (Got to keep moving the bar! :beer )

cherijoh
Posts: 6346
Joined: Tue Feb 20, 2007 4:49 pm
Location: Charlotte NC

Re: Post your Financial Milestone Announcements Here

Post by cherijoh » Fri Jan 12, 2018 8:59 pm

corgimom11 wrote:
Thu Jan 11, 2018 9:35 pm
Not as exciting as some of the prior announcements, but I have a couple that I am hitting today that I am pretty proud of.

We have officially reached net worth of $500K+ including home equity. We should land around $525K after 401K contribution hits after the large bonus I received. I am 29 years old (my husband is 32) and hitting $500K was a stretch goal for me before turning 30. We have hit this goal 9 months early!

I received my largest single bonus at work I have ever received, equivalent to 68% of my yearly salary.

At the end of 2017, I hit an income milestone - where I earned $254K last year. My husband had a good year as well, so we had total household income of $313K. This achievement has made us even more motivated to save as much as possible.
You have to keep in mind that this group covers all ages and all salary ranges. $500K before the age of 30 is fantastic! And I'm double your age :shock: and have never come anywhere close to earning a 68% bonus or $250K/yr in total compensation.

cherijoh
Posts: 6346
Joined: Tue Feb 20, 2007 4:49 pm
Location: Charlotte NC

Re: Post your Financial Milestone Announcements Here

Post by cherijoh » Fri Jan 12, 2018 9:08 pm

khangaroo wrote:
Fri Jan 12, 2018 10:45 am
I just passed the $100k mark in my 401k this morning! I started with my company in July 2012 and this was the first year I was able to max the contribution limit. I didn't contribute anything in 2015 while I was on my debt-free journey but once I got down I was able to set my contribution at 25% income (company max) for 2016 & 2017.

It's really awesome to see the growth and how my 401k is maturing into a beautiful financial asset. I always had a hard time believing those examples about the person who starts investing early and has a huge value at the end from growth but I am witnessing it first hand now. It's an incredible and extremely encouraging thing. Preaching to the choir here, but invest early if you can and encourage your kids to too!
It is great to have % of income investing goals - since that is what is within your control. Mr. Market can be fickle, so when the inevitable correction comes these goals are helpful to keep you on track. Getting debt free and maxing out your 401k in such a short period of time are definitely goals to be proud of!

staythecourse
Posts: 6993
Joined: Mon Jan 03, 2011 9:40 am

Re: Post your Financial Milestone Announcements Here

Post by staythecourse » Fri Jan 12, 2018 9:21 pm

Kudos to all who have and continue to reach their financial milestones. It is interesting as we (wife and I) hit each one in our lives I am disappointed I am not more excited. I remember the first one getting revved up for a couple weeks before in anticipation and thinking about it for weeks later. Now, I barely think about it.

I sort of wish I was still impressed when I hit the milestones, but just feels a bit unfilled. Think, I have realized financial milestones don't really impact my life happiness.

Must be an outlier and great to see it means so much to others.

Good luck.
"The stock market [fluctuation], therefore, is noise. A giant distraction from the business of investing.” | -Jack Bogle

ZeroWealth
Posts: 67
Joined: Sat Jan 07, 2017 12:00 am
Location: Emerald City

Re: Post your Financial Milestone Announcements Here

Post by ZeroWealth » Fri Jan 12, 2018 9:29 pm

So many wonderful milestones to celebrate here, congrats to everyone! :sharebeer

2017 was the first year we were able to max both Roth IRAs and my 401k, and this year we're hoping to max those again plus our newly available HSA. We're both in our 30s and have some catching up to do (I didn't start retirement investing until 30), but we're confident our newly aggressive savings goals will allow us to retire at 60 (my personal retirement goal).

Onward and upward!
"I seldom end up where I wanted to go, but almost always end up where I need to be." - Douglas Adams

User avatar
David Jay
Posts: 7178
Joined: Mon Mar 30, 2015 5:54 am
Location: Michigan

Re: Post your Financial Milestone Announcements Here

Post by David Jay » Fri Jan 12, 2018 9:39 pm

My end-of-the-year Net Worth accounting shows that we joined the two comma club for the first time. That is total net worth, our retirement accounts are about $750,000, remainder is home equity.

Age 61, never had a year with family income above 5 digits, so you can be financially independent on a moderate income. Expect to retire early (62) within about 15 months.
Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius

KlangFool
Posts: 14009
Joined: Sat Oct 11, 2008 12:35 pm

Re: Post your Financial Milestone Announcements Here

Post by KlangFool » Fri Jan 12, 2018 9:46 pm

flyingaway wrote:
Fri Jan 12, 2018 8:08 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
I sincerely congratulate you for your success, and thank you for your contributions to this forum.
Thanks.

KlangFool

User avatar
cfs
Posts: 4154
Joined: Fri Feb 23, 2007 1:22 am
Location: ~ Mi Propio Camino ~

Re: Post your Financial Milestone Announcements Here

Post by cfs » Fri Jan 12, 2018 10:25 pm

Wow, congratulations to everyone reaching a milestone! I am beginning to like this omnibus thread! Keep all those reports coming, I will continue to read ALL of them. Good luck with your investments, and thanks for reading ~cfs~
~ Member of the Active Retired Force since 2014 ~

BogleMelon
Posts: 2093
Joined: Mon Feb 01, 2016 11:49 am

Re: Post your Financial Milestone Announcements Here

Post by BogleMelon » Fri Jan 12, 2018 10:57 pm

A humble BH here who needs some encouragement. I just hit $100,000 in net worth today! Not that much, but it was all done in less than 6 years (including periods of financial education). Started all the way from a near $0 net worth.
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather

User avatar
Sandtrap
Posts: 8404
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 » Fri Jan 12, 2018 11:05 pm

staythecourse wrote:
Fri Jan 12, 2018 9:21 pm
Kudos to all who have and continue to reach their financial milestones. It is interesting as we (wife and I) hit each one in our lives I am disappointed I am not more excited. I remember the first one getting revved up for a couple weeks before in anticipation and thinking about it for weeks later. Now, I barely think about it.

I sort of wish I was still impressed when I hit the milestones, but just feels a bit unfilled. Think, I have realized financial milestones don't really impact my life happiness.

Must be an outlier and great to see it means so much to others.

Good luck.
You're not alone.
Sold another "thing". Put the proceeds in a short term cd, to give me time to think. CD matured yesterday. Didn't buy another R/E "thing". The Bogle path is great.

Put the funds in VWIUX, Intermediate Term Tax Exempt for rebalancing. "As per Bogle advice. . . :D

DW and have always been frugal and live simply. Things that bring us happiness and peace don't cost much. A peaceful and secure retirement is more than enough.

True?

But I do get an extraordinary vicarious thrill out of seeing everyone else reach their milestones!!!! :D :D
Mahalo,
j :D "fellow outlier".

PS: milestone is that my portfolio rounded up a "digit". :D :D :D
Last edited by Sandtrap on Fri Jan 12, 2018 11:09 pm, edited 1 time in total.
Wiki Bogleheads Wiki: Everything You Need to Know

User avatar
Sandtrap
Posts: 8404
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 » Fri Jan 12, 2018 11:07 pm

BogleMelon wrote:
Fri Jan 12, 2018 10:57 pm
A humble BH here who needs some encouragement. I just hit $100,000 in net worth today! Not that much, but it was all done in less than 6 years (including periods of financial education). Started all the way from a near $0 net worth.
6 years is quick to accumulate that much in today's high cost world.
It ain't easy.
Congratulations.
:sharebeer
Wiki Bogleheads Wiki: Everything You Need to Know

BogleMelon
Posts: 2093
Joined: Mon Feb 01, 2016 11:49 am

Re: Post your Financial Milestone Announcements Here

Post by BogleMelon » Fri Jan 12, 2018 11:08 pm

Sandtrap wrote:
Fri Jan 12, 2018 11:07 pm
BogleMelon wrote:
Fri Jan 12, 2018 10:57 pm
A humble BH here who needs some encouragement. I just hit $100,000 in net worth today! Not that much, but it was all done in less than 6 years (including periods of financial education). Started all the way from a near $0 net worth.
6 years is quick to accumulate that much in today's high cost world.
It ain't easy.
Congratulations.
:sharebeer
Thank you! :happy :beer
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather

User avatar
Sandtrap
Posts: 8404
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 » Fri Jan 12, 2018 11:12 pm

David Jay wrote:
Fri Jan 12, 2018 9:39 pm
My end-of-the-year Net Worth accounting shows that we joined the two comma club for the first time. That is total net worth, our retirement accounts are about $750,000, remainder is home equity.

Age 61, never had a year with family income above 5 digits, so you can be financially independent on a moderate income. Expect to retire early (62) within about 15 months.
2 comma's ain't easy. Also did it on a somewhat low income the majority of years. Took forever and ever and ever.
Congratulations!
:sharebeer
And thanks for the expert advice.
mahalo,
j :D
Wiki Bogleheads Wiki: Everything You Need to Know

User avatar
Sandtrap
Posts: 8404
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 » Fri Jan 12, 2018 11:14 pm

chicagoan23 wrote:
Wed Jan 10, 2018 3:25 pm
This will be a very fun thread.....congrats to all.

We hit $2 million in assets last week for the first time. Subtract out the mortgage and a very low-rate student loan that I have no intention of paying off early, and our net worth hit $1.75 million for the first time. Financially secure, although not financially independent yet (at ages 42/39).
You've come a long way very quickly.
Congratulations!
:D :sharebeer
Wiki Bogleheads Wiki: Everything You Need to Know

User avatar
market timer
Posts: 6160
Joined: Tue Aug 21, 2007 1:42 am

Re: Post your Financial Milestone Announcements Here

Post by market timer » Sat Jan 13, 2018 3:51 am

Snowjob wrote:
Tue Jan 09, 2018 7:28 am
I wonder what Market Timer is up to these days. He and I were experimenting with (dying from??) leverage on the way down in 2008 and are near the same age as far as I can tell. Interesting to see his change in philosophy over time when it comes to money, work, spending the portfolio etc.
Sounds like you benefited from the post-crash recovery, but had slow career growth. My path was basically the opposite. The crash wiped me out, but my career has gone pretty well.

DW and I are essentially financially independent now. I'm more concerned with preservation of long term buying power than investment growth, so have a fairly high allocation to crude oil, gold, and TIPS. At one point I'd planned to retire early, but am now more interested in having a good work/life balance. If I could get 8 weeks of vacation a year and spend some time working in a few different countries, I'd probably be fine working until normal retirement age.

No major financial milestones this year. However, I had a daughter and my son started preschool. Life is good.

Lynette
Posts: 1886
Joined: Sun Jul 27, 2014 9:47 am

Re: Post your Financial Milestone Announcements Here

Post by Lynette » Sat Jan 13, 2018 7:24 am

My milestone is that after one year of retirement, I realized that my pensions and SS (net of tax and IRMAA) will cover my needs with quite a bit of travel without touching my savings. I worked till 73 and was able to go overseas four to five times a year for 20 years as well as give a lot of money to a non-deductible charitable cause in my country of origin. My savings are for medical emergencies.
Last edited by Lynette on Sat Jan 13, 2018 8:38 am, edited 1 time in total.

katzmandu
Posts: 139
Joined: Tue Nov 26, 2013 8:39 am

Re: Post your Financial Milestone Announcements Here

Post by katzmandu » Sat Jan 13, 2018 7:32 am

Passed the 1/2 way mark (500k) in total invested assets on the first of the year. Still a ways to go, but an agreeable market and application of all the good advice on this site (and others) paved the way. Hope the 2 comma club will come quickly on this side of the divide.

User avatar
Hopeful
Posts: 25
Joined: Wed Aug 07, 2013 12:04 pm

Re: Post your Financial Milestone Announcements Here

Post by Hopeful » Sat Jan 13, 2018 7:47 am

Just used $30,000 of appreciated stock to set up a Donor Advised Fund. While not much to some people, it feels good to be in a position to start giving back to others. Hopefully it is just a start to being able to do more for others.

investingdad
Posts: 1639
Joined: Fri Mar 15, 2013 10:41 pm

Re: Post your Financial Milestone Announcements Here

Post by investingdad » Sat Jan 13, 2018 9:13 pm

We hit 2.6 million (nice round number) as of market close yesterday, home equity is just a small bit at 145k or so.

Still mid 40s so not ready to retire yet.

Best part is knowing we have freedom to not sweat the expenses and small indulgences.

User avatar
White Coat Investor
Posts: 14219
Joined: Fri Mar 02, 2007 9:11 pm
Location: Greatest Snow On Earth

Re: Post your Financial Milestone Announcements Here

Post by White Coat Investor » Sun Jan 14, 2018 1:33 am

flyingaway wrote:
Fri Jan 12, 2018 8:00 pm
White Coat Investor wrote:
Tue Jan 09, 2018 2:34 am
Ha ha, good timing as we just did our annual net worth update. We hit our "number" this year. Yay us. But our most significant milestone for 2017 and the one we're most proud of was giving away more than we spent. I hope that will continue for many years.

And since I'm putting up the second post in this thread, I just wanted to say congratulations in advance to all who reached a big milestone. Celebrate them. They really are noteworthy accomplishments. I'm proud of you.
Are you serious? I though you hit(ted) your number some years ago.
It's all a little squishy (our most valuable asset is not only extremely illiquid but also difficult to value), but certainly not prior to 2017. Not sure what you're referring to about us hitting our number years ago. We weren't even in the 7 figure club 5 years ago counting everything (home equity etc).
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

dirtlaw
Posts: 17
Joined: Sat Jan 13, 2018 6:51 pm

Re: Post your Financial Milestone Announcements Here

Post by dirtlaw » Sun Jan 14, 2018 8:19 am

Student loans paid off as of 1/10/18! Next, the HELOC.

flyingaway
Posts: 2509
Joined: Fri Jan 17, 2014 10:19 am

Re: Post your Financial Milestone Announcements Here

Post by flyingaway » Sun Jan 14, 2018 7:42 pm

White Coat Investor wrote:
Sun Jan 14, 2018 1:33 am
flyingaway wrote:
Fri Jan 12, 2018 8:00 pm
White Coat Investor wrote:
Tue Jan 09, 2018 2:34 am
Ha ha, good timing as we just did our annual net worth update. We hit our "number" this year. Yay us. But our most significant milestone for 2017 and the one we're most proud of was giving away more than we spent. I hope that will continue for many years.

And since I'm putting up the second post in this thread, I just wanted to say congratulations in advance to all who reached a big milestone. Celebrate them. They really are noteworthy accomplishments. I'm proud of you.
Are you serious? I though you hit(ted) your number some years ago.
It's all a little squishy (our most valuable asset is not only extremely illiquid but also difficult to value), but certainly not prior to 2017. Not sure what you're referring to about us hitting our number years ago. We weren't even in the 7 figure club 5 years ago counting everything (home equity etc).
I read your posts about MMM some time ago, I thought you just moved your bar higher.

Snowjob
Posts: 1608
Joined: Sun Jun 28, 2009 10:53 pm

Re: Post your Financial Milestone Announcements Here

Post by Snowjob » Sun Jan 14, 2018 8:52 pm

market timer wrote:
Sat Jan 13, 2018 3:51 am
Snowjob wrote:
Tue Jan 09, 2018 7:28 am
I wonder what Market Timer is up to these days. He and I were experimenting with (dying from??) leverage on the way down in 2008 and are near the same age as far as I can tell. Interesting to see his change in philosophy over time when it comes to money, work, spending the portfolio etc.
Sounds like you benefited from the post-crash recovery, but had slow career growth. My path was basically the opposite. The crash wiped me out, but my career has gone pretty well.

DW and I are essentially financially independent now. I'm more concerned with preservation of long term buying power than investment growth, so have a fairly high allocation to crude oil, gold, and TIPS. At one point I'd planned to retire early, but am now more interested in having a good work/life balance. If I could get 8 weeks of vacation a year and spend some time working in a few different countries, I'd probably be fine working until normal retirement age.

No major financial milestones this year. However, I had a daughter and my son started preschool. Life is good.
That is a very fair assessment of our divergent paths -- Were I to have a substantially larger portfolio or income I'd probably have transitioned my philosophy to protecting purchasing power as you have. As it stands now, I'm still looking for more growth =) Optimizing work life balance has also been a priority for me the last few years. I've finally gotten a boost in regular vacation time and now have the option to buy a week. After my first 8 years at 2 weeks a year, I now sit at 5. I used to dream of early retirement simply because I felt I was missing out on so many experiences. With the extra vacation time and a willingness to pull allnighters its amazing how many trips you can squeeze into a year if you plan it right.

Lyonsguy
Posts: 18
Joined: Fri Apr 14, 2017 9:08 pm

Re: Post your Financial Milestone Announcements Here

Post by Lyonsguy » Sun Jan 14, 2018 9:02 pm

Paid off mortgage this year. Net worth just beat $700,000. Wife finishing masters degree in nursing this year (August). Age 38/36.

buckstar
Posts: 231
Joined: Wed Jul 06, 2011 9:38 am

Re: Post your Financial Milestone Announcements Here

Post by buckstar » Sun Jan 14, 2018 9:10 pm

Years ago, when our net worth was still negative, I set a goal of financial independence being $3.5M, or $140,000/yr at 4% withdrawal rate. Well we hit that number last week!

Unfortunately, what I didn't realize all those years ago is that the goal should have been $3.5M in investable assets, not NW. And that I wouldn't feel comfortable with a 4% withdrawal rate, but instead will focus on a reaching enough to support a 3.5% withdrawal rate.

So while we've still reached $3.5M in net worth, we're still some years off from financial independence :oops:

User avatar
Sandtrap
Posts: 8404
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 14, 2018 9:37 pm

buckstar wrote:
Sun Jan 14, 2018 9:10 pm
Years ago, when our net worth was still negative, I set a goal of financial independence being $3.5M, or $140,000/yr at 4% withdrawal rate. Well we hit that number last week!

Unfortunately, what I didn't realize all those years ago is that the goal should have been $3.5M in investable assets, not NW. And that I wouldn't feel comfortable with a 4% withdrawal rate, but instead will focus on a reaching enough to support a 3.5% withdrawal rate.

So while we've still reached $3.5M in net worth, we're still some years off from financial independence :oops:
:sharebeer
Great job.
$3.5 in any form is not "pocket change". And, coming from less than nothing ain't easy. :shock:
j :D
Wiki Bogleheads Wiki: Everything You Need to Know

User avatar
StevieG72
Posts: 967
Joined: Wed Feb 05, 2014 9:00 pm

Re: Post your Financial Milestone Announcements Here

Post by StevieG72 » Sun Jan 14, 2018 11:56 pm

I am broke.

Thats my story, and I am sticking to it!
Fools think their own way is right, but the wise listen to others.

User avatar
Mel Lindauer
Moderator
Posts: 29885
Joined: Mon Feb 19, 2007 8:49 pm
Location: Daytona Beach Shores, Florida
Contact:

Re: Post your Financial Milestone Announcements Here

Post by Mel Lindauer » Mon Jan 15, 2018 12:10 am

I just passed the 20-years-in-retirement mark in Dec. and am still able to enjoy the good life (no dog food on the menu in the foreseeable future).

Busier now than when I ran my business. And the business I founded just celebrated its 50th birthday while also celebrating the 20-year mark under the leadership of my two sons, who took over after my early retirement.

Life is good!
Best Regards - Mel | | Semper Fi

travellight
Posts: 2840
Joined: Tue Aug 12, 2008 5:52 pm
Location: San Diego

Re: Post your Financial Milestone Announcements Here

Post by travellight » Mon Jan 15, 2018 3:20 am

Just hit the two comma club in my 401k, and by 25k! This has been a long slow road.
364

HIinvestor
Posts: 1833
Joined: Tue Apr 08, 2014 3:23 am

Re: Post your Financial Milestone Announcements Here

Post by HIinvestor » Mon Jan 15, 2018 3:45 am

Just looked at H’s Roth IRA statement recently and realized it had more than doubled since we put the funds in with no further funds from us — invested and held. It made me smile and will be a happy surprise for H as well. :)

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

Re: Post your Financial Milestone Announcements Here

Post by MrNewEngland » Mon Jan 15, 2018 8:56 am

travellight wrote:
Mon Jan 15, 2018 3:20 am
Just hit the two comma club in my 401k, and by 25k! This has been a long slow road.
If you don’t mind me asking: how old are you? When did you start? Have you always been in a position to max it out?

I’ve been frustrate lately with my 401k... I’m finally now (at age 40) have the ability to max out but it’s the first time in my career I’ve been able to do so.

SGM
Posts: 3049
Joined: Wed Mar 23, 2011 4:46 am

Re: Post your Financial Milestone Announcements Here

Post by SGM » Mon Jan 15, 2018 9:50 am

I had a milestone of sort, yesterday I held a family business meeting with adult children for the first time. We discussed assets, income, taxes, gifting, inheritances, careers, social aspects and preparing the younger generation for increased responsibility.

User avatar
billthecat
Posts: 427
Joined: Tue Jan 24, 2017 2:50 pm

Re: Post your Financial Milestone Announcements Here

Post by billthecat » Mon Jan 15, 2018 10:39 am

I reached my minimum goal of $2.4M, roughly:

$1M in stocks, bonds, cash, alternative
$1M in net liquidated rental real estate equity
$400K in net liquidated home equity

Technically, I could stop now. After all, I’m only supporting myself. :( But it’s not allocated the way I want, and, yeah, I want a bit of a buffer.

I’ve lost a lot of money in various investments over the last 18 years (about $700K) but my one saving grace has been in investing in myself - my education, career, and drive. My drive has waned over the years, though, partly due to age and partly due to the realization that the original vision of a (loving, supportive, encouraging, devoted) wife, kids, and white picket fence is not going to happen (and so I need a lot less).
We cannot direct the winds but we can adjust our sails.

User avatar
White Coat Investor
Posts: 14219
Joined: Fri Mar 02, 2007 9:11 pm
Location: Greatest Snow On Earth

Re: Post your Financial Milestone Announcements Here

Post by White Coat Investor » Mon Jan 15, 2018 11:32 pm

flyingaway wrote:
Sun Jan 14, 2018 7:42 pm
White Coat Investor wrote:
Sun Jan 14, 2018 1:33 am
flyingaway wrote:
Fri Jan 12, 2018 8:00 pm
White Coat Investor wrote:
Tue Jan 09, 2018 2:34 am
Ha ha, good timing as we just did our annual net worth update. We hit our "number" this year. Yay us. But our most significant milestone for 2017 and the one we're most proud of was giving away more than we spent. I hope that will continue for many years.

And since I'm putting up the second post in this thread, I just wanted to say congratulations in advance to all who reached a big milestone. Celebrate them. They really are noteworthy accomplishments. I'm proud of you.
Are you serious? I though you hit(ted) your number some years ago.
It's all a little squishy (our most valuable asset is not only extremely illiquid but also difficult to value), but certainly not prior to 2017. Not sure what you're referring to about us hitting our number years ago. We weren't even in the 7 figure club 5 years ago counting everything (home equity etc).
I read your posts about MMM some time ago, I thought you just moved your bar higher.
We did. And hit it. We think. It still comes down to that illiquid asset. But even valuing it at 1/2 what I've been offered for it gets us to our number, so we're there I guess. We've been living like we were there for a year or two already anyway.
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

User avatar
cfs
Posts: 4154
Joined: Fri Feb 23, 2007 1:22 am
Location: ~ Mi Propio Camino ~

Re: Post your Financial Milestone Announcements Here

Post by cfs » Tue Jan 16, 2018 12:46 am

All good comments, but I have no milestones to announce, I will let you know when I call it a day and move my nice collection of slow moving ETFs and fast moving Mutual Funds to the Target Retirement Income Fund, this fund is the final destination for all my accounts, this is the one I have listed in my letter of instruction to be executed at the expiration of my birth certificate. Good luck reaching your investment goals, and thanks for reading ~cfs~
~ Member of the Active Retired Force since 2014 ~

travellight
Posts: 2840
Joined: Tue Aug 12, 2008 5:52 pm
Location: San Diego

Re: Post your Financial Milestone Announcements Here

Post by travellight » Tue Jan 16, 2018 1:15 am

MrNewEngland wrote:
Mon Jan 15, 2018 8:56 am
travellight wrote:
Mon Jan 15, 2018 3:20 am
Just hit the two comma club in my 401k, and by 25k! This has been a long slow road.
If you don’t mind me asking: how old are you? When did you start? Have you always been in a position to max it out?

I’ve been frustrate lately with my 401k... I’m finally now (at age 40) have the ability to max out but it’s the first time in my career I’ve been able to do so.
I think I started at the age of 30 when real work with real salary began. I spent my 20s studying and getting ahead. I think I maxed it out every year but seems to me it used to be only 2k back in those years so this has been so slow. I am 56 now and it feels incredible to pass that 2 comma mark in that category. I feel like I made money much faster in real estate. 40 seems so young and yet it also feels like yesterday. You will be there before you know it in a time warp way.
364

Post Reply