Milestone Reached - "Quarter Millionaire!"
Milestone Reached - "Quarter Millionaire!"
I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!
Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long!
Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long!
Re: Milestone Reached - "Quarter Millionaire!"
Let me add my Woo hoo! to yours. Congrats!
Re: Milestone Reached - "Quarter Millionaire!"
Great job!!!!
-
- Posts: 8626
- Joined: Wed Apr 08, 2015 11:31 am
- Location: West coast of Florida, near Champa Bay !
Re: Milestone Reached - "Quarter Millionaire!"
Congrats!
Even the longest journey starts out with a few steps. Stay focused, but don't forget to stop along the way and smell the roses.
Broken Man 1999
Even the longest journey starts out with a few steps. Stay focused, but don't forget to stop along the way and smell the roses.
Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go." - Mark Twain
Re: Milestone Reached - "Quarter Millionaire!"
Well done!!
Re: Milestone Reached - "Quarter Millionaire!"
Congratulations!
I don't know where the official line is but it would be fair to say that you have also gone from the "low six figures" to "mid six figures" when talking about your net worth.
I don't know where the official line is but it would be fair to say that you have also gone from the "low six figures" to "mid six figures" when talking about your net worth.
- FrugalProfessor
- Posts: 535
- Joined: Thu May 25, 2017 11:34 am
- Contact:
Re: Milestone Reached - "Quarter Millionaire!"
Congrats!!!!!!! I'm in a similar situation to you. Late bloomer. 12 years of college dampens the savings rate.
The good news is that once you have good systems in place, each additional $100k becomes substantially easier.
I'm sure you're already doing this, but max out every tax advantaged account available to you. I max out 401a/457/403b/Backdoor Roth/HSA/529. In taxable, buy and hold index funds and occasionally tax loss harvest.
The good news is that once you have good systems in place, each additional $100k becomes substantially easier.
I'm sure you're already doing this, but max out every tax advantaged account available to you. I max out 401a/457/403b/Backdoor Roth/HSA/529. In taxable, buy and hold index funds and occasionally tax loss harvest.
I blog here: https://www.frugalprofessor.com/
Re: Milestone Reached - "Quarter Millionaire!"
Congrats. I am in the same boat -- didn't really get serious about this until early to mid 30s, but it is nice to see things growing now and great to hear other success stories!
Re: Milestone Reached - "Quarter Millionaire!"
I'm sorry, but I can only give you 25% of a hearty congratulations!
Steve
Re: Milestone Reached - "Quarter Millionaire!"
And you're going to need way more than that to live it up, without outliving your income. Keep up the great savings!
Even educators need education. And some can be hard headed to the point of needing time out.
Re: Milestone Reached - "Quarter Millionaire!"
Thanks everyone! I appreciate it!
Re: Milestone Reached - "Quarter Millionaire!"
Congrats!
I was in your spot in ~ 2010. Now, knocking at the door of 6-zeros club.
stay the course, hightower!
I was in your spot in ~ 2010. Now, knocking at the door of 6-zeros club.
stay the course, hightower!
4X top-twenty S&P 500 prognosticator. I'd start a newsletter, but it would only have one issue per year. |
dumb investor during 1999 tech bubble, current slice & dicer.
Re: Milestone Reached - "Quarter Millionaire!"
Congratulations. This is substantially more than what I had at 34.
-
- Posts: 365
- Joined: Sat Jan 04, 2014 2:05 pm
Re: Milestone Reached - "Quarter Millionaire!"
Congrats from Billionaire. Hehe.
-
- Posts: 584
- Joined: Thu Jan 29, 2015 3:34 pm
Re: Milestone Reached - "Quarter Millionaire!"
Congrats! The milestones will start to add up quickly from here. In 2009 when I was 34 I was very similar to you--I had a portfolio of just under $300k and a net worth in the $420k range. Today, eight years later, each of those numbers has increased by more than 4x. Keep it going!hightower wrote: ↑Wed Sep 13, 2017 9:06 am I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!
Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long!
"The Basic Choices for Investors and the One We Strongly Prefer" |
|
https://www.berkshirehathaway.com/letters/2011ltr.pdf
Re: Milestone Reached - "Quarter Millionaire!"
When I was your age, I had a negative net worth. Now I'm retired and living large, so feel good about your milestone.
Make sure to smell the roses along the way.
Make sure to smell the roses along the way.
-
- Posts: 2528
- Joined: Mon Aug 14, 2017 12:31 pm
Re: Milestone Reached - "Quarter Millionaire!"
Congrats! I just did a tax return for a couple in their early 30s. I don't think they come even close to your amount. IRA contribution last year was $5000 for a couple.
-
- Posts: 104
- Joined: Fri Feb 27, 2015 8:42 am
Re: Milestone Reached - "Quarter Millionaire!"
Congratulations! Don't forget what got you across this first milestone. Keep at it and you will cross many more quarters in due course.
We will be here to celebrate and cheer you on.
We will be here to celebrate and cheer you on.
The tortoise wins every time I read that story.
Re: Milestone Reached - "Quarter Millionaire!"
Very, very, very well done ! Stay the course through thick and thin
Mary
Re: Milestone Reached - "Quarter Millionaire!"
I thought maybe you had amassed a million dollars in quarters....
Seriously though, congratulations.
Seriously though, congratulations.
Re: Milestone Reached - "Quarter Millionaire!"
Congratulations !
And thanks for sharing your story!
And thanks for sharing your story!
Re: Milestone Reached - "Quarter Millionaire!"
Me too! Congratulations!#
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!
Re: Milestone Reached - "Quarter Millionaire!"
It is not where you are, nor where you started that matters. It is where you are heading.
Your milestone is indicative of your trajectory: up, up, up!
Congratulations and keep up the good work!
Your milestone is indicative of your trajectory: up, up, up!
Congratulations and keep up the good work!
-
- Posts: 2728
- Joined: Mon Nov 10, 2014 10:34 pm
Re: Milestone Reached - "Quarter Millionaire!"
"Quarter Millionaire." I like that! Sounds kind of like a royal title.
Congrats!
(Actually, you have a million quarters!)
Congrats!
(Actually, you have a million quarters!)
Re: Milestone Reached - "Quarter Millionaire!"
Congratulations and I think $250K is actually a harder milestone to reach than $1m. Now that you have demonstrated good saving and investing habits $1m should arrive pretty quickly.
Adapt or perish
Re: Milestone Reached - "Quarter Millionaire!"
Congratulations! $500k will happen happen before you know it. Stay the course through thick and thin.
Stocks-80% || Bonds-20% || Taxable-VTI/VXUS || IRA-VT/BNDW
-
- Posts: 1879
- Joined: Fri Feb 20, 2015 2:14 pm
Re: Milestone Reached - "Quarter Millionaire!"
Great job! I'm working toward the 500k in investments mark. Depending on the market that could be just 2 years away or 10 or more. Keep plowing it in.hightower wrote: ↑Wed Sep 13, 2017 9:06 am I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!
Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long!
Re: Milestone Reached - "Quarter Millionaire!"
Congratulations ..!!hightower wrote: ↑Wed Sep 13, 2017 9:06 am I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!
Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long!
In a pleasant coincidence , I myself have reached this milestone of 250 k in Investable assets today ..!!.
Mine are a combination of a brokerage account with Vanguard , me and my wife's 401k accounts with Fidelity plus cash in a Money Market account. I'm about your age also ( turned 32 this past Monday ). Total net worth about 315-320 k. No debt whatsoever. We don't own a home yet and rent.
BTW , check out this report from Phoenix wealth management .
http://phoenixmi.com/wp-content/uploads ... anking.pdf
Having over 250 k in IA makes you richer than over 80 percent ( 98.8 out of 121 million ) of American Households as of 2015. Not bad for someone in their early 30s.
Last edited by Dude5568 on Thu Sep 14, 2017 2:47 pm, edited 1 time in total.
Re: Milestone Reached - "Quarter Millionaire!"
Yeah! We crossed that earlier this year.hightower wrote: ↑Wed Sep 13, 2017 9:06 am I officially crossed over 250k in investments this week (My net worth is actually closer to 370 or more, but that number depends on the value of my home)! I know it's not much compared to many on this forum, but it's a big step for me considering how much debt I've paid off over the last 1-2 years and considering that until I found this site along with WCI, I was not being very careful with my money. I'm glad I wised up at the age of 34 and not any later. Anyway, I still have some student loans to pay off this year, but should be able to grow a lot quicker once that is done. Regardless, it's a huge mental milestone to see $250,000 in total assets in my Vanguard account. Woo hoo!
Just wanted to celebrate a little. Hopefully I'll be posting a 500k milestone before too long!
Our NW is closer to $750k due to other investments but we're maxing everything we can at this point that is tax deferred w/o going to taxable.
Re: Milestone Reached - "Quarter Millionaire!"
I love this! Haha - a million quarters. What a fun way to look at it.GoldenFinch wrote: ↑Thu Sep 14, 2017 6:56 am "Quarter Millionaire." I like that! Sounds kind of like a royal title.
Congrats!
(Actually, you have a million quarters!)
A million pennies - $10,000
A million nickels - $50,000
A million dimes - $100,000
A million quarters - $250,000
A million dollars - $1,000,000
A million $5 bills - $5,000,000
A million $20 bills - $20,000,000
A million $100 bills - $100,000,000
There are always more milestones!
Of course the more important things are the habits and procedures that make achieving them possible.
"An investment in knowledge pays the best interest." - Benjamin Franklin
Re: Milestone Reached - "Quarter Millionaire!"
Congrats! Yours is better than when I was at your age.
- abuss368
- Posts: 27850
- Joined: Mon Aug 03, 2009 2:33 pm
- Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!
- Contact:
Re: Milestone Reached - "Quarter Millionaire!"
Congrats and press on!
John C. Bogle: “Simplicity is the master key to financial success."
Re: Milestone Reached - "Quarter Millionaire!"
Congrats! Remarkable!
As an aside and purely out of interest - how do you count your IA I case where you have a home that is being temporarily rented? Feels a little strange to count it as investment since at any time, you might want to move back into it and then it would be off that amount.
As an aside and purely out of interest - how do you count your IA I case where you have a home that is being temporarily rented? Feels a little strange to count it as investment since at any time, you might want to move back into it and then it would be off that amount.
- Sandtrap
- Posts: 19591
- Joined: Sat Nov 26, 2016 5:32 pm
- Location: Hawaii No Ka Oi - white sandy beaches, N. Arizona 1 mile high.
Re: Milestone Reached - "Quarter Millionaire!"
Congratulations!
-
- Posts: 17
- Joined: Tue Jan 10, 2017 10:48 pm
Re: Milestone Reached - "Quarter Millionaire!"
congratulations!!!!
- slow n steady
- Posts: 388
- Joined: Mon Jan 24, 2011 1:54 pm
Re: Milestone Reached - "Quarter Millionaire!"
Congrats! We hit a similar milestone this week. I was checking our net worth almost every day for a week. Woo Hoo for everyone!
Re: Milestone Reached - "Quarter Millionaire!"
Congrats. I am 38 right now and hope to be there in two years. Well done doing it relatively early and keep it up!
- tennisplyr
- Posts: 3703
- Joined: Tue Jan 28, 2014 12:53 pm
- Location: Sarasota, FL
Re: Milestone Reached - "Quarter Millionaire!"
Congrats! It's never too late. I had basically zero in my early forties, now in my midsixties, happily retired. Keep working hard, saving/investing, living below your means....and never give up!
“Those who move forward with a happy spirit will find that things always work out.” -Retired 13 years 😀