Post your Financial Milestone Announcements Here
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Re: Paid Off Mortgage Today
It will keep feeling better and better. Nice job!
- WestUniversity
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Re: Paid Off Mortgage Today
Congratulations! We paid ours off a couple of years ago. It’s a great feeling!
Re: Paid Off Mortgage Today
Congrats on 100% debt free! That's awesome.
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Re: Paid Off Mortgage Today
Congrats! Now take your monthly mortgage payment and redirect it to your taxable FIRE account. Let's hear your DEBT FREE scream!Kuota Rider wrote: ↑Sat Apr 28, 2018 8:09 am Paid off my mortgage today so I just wanted to send a shout out to everyone for the continued education and encouragement over the years. 100% debt free.
Happy weekend.
P.S. Don't tell anyone outside of this forum, for obvious reasons.
Last edited by Grt2bOutdoors on Sat Apr 28, 2018 8:57 pm, edited 1 time in total.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
- Doom&Gloom
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Re: Paid Off Mortgage Today
Yee-haaaaaaa!!!
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Re: Post your Financial Milestone Announcements Here
I'm guessing he took his pans out of the oven to avoid getting burned.Sandtrap wrote: ↑Fri Apr 20, 2018 9:34 pmThat is amazing!Casey Ryback wrote: ↑Fri Apr 20, 2018 2:45 pm Just hit 1,000,000 net worth last month. I’m 33 and my wife is 31. One goal is to increase my taxable account, as most of my assets are in 401ks, IRAs, and 529s. The other goal is to hit 2,000,000 by 40. I owe a lot to this group.
By age 33!
Wow
Congratulations
How did you do it?
j
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
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Re: Paid Off Mortgage Today
Oh hell yeah. Nicely done. The foundation feeling you have today, minus the high, will stay with you moving forward. Forever. Congratulations, you deserve it.
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Re: Paid Off Mortgage Today
Logged in just to say congrats! That is such an awesome achievement way to go!
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Re: Paid Off Mortgage Today
Deleted
Last edited by letsgobobby on Mon May 27, 2019 4:39 pm, edited 1 time in total.
Re: Paid Off Mortgage Today
Congratulations!!!!! I am going through the process now....I will have it paid off in about 4 years but progress is like watching paint dry!
Re: Post your Financial Milestone Announcements Here
I merged Kuota Rider's thread into here.
Congrats!
Congrats!
Re: Post your Financial Milestone Announcements Here
IMHO the best thing about the Boglehead forum is people are genuinely happy when they hear these announcements. It shows everyone here that we can all get there over time! Keep them coming there is enough virtual beer shares to go around!
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!
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Re: Post your Financial Milestone Announcements Here
I became a real Boglehead today by selling the last of my company stock, and immediately investing it at my AA as soon as humanly possible, without any thought to the market conditions.
While I wish I discovered saving/investing sooner, at 26 years old and with ~$75K liquid/invested, I am pretty happy to have gained all this knowledge and gotten on track. Budget is also nice and tightened up and I am setup to max my 401k/Roth + $10K+ taxable yearly.
I'm keeping the German car though . The next one can be more Bogle-friendly.
While I wish I discovered saving/investing sooner, at 26 years old and with ~$75K liquid/invested, I am pretty happy to have gained all this knowledge and gotten on track. Budget is also nice and tightened up and I am setup to max my 401k/Roth + $10K+ taxable yearly.
I'm keeping the German car though . The next one can be more Bogle-friendly.
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Re: Post your Financial Milestone Announcements Here
Fully contributed and invested the husband's 2018 Roth last month and then earned $2.16 in interest on May 1. Put in an order to buy $2.16 of our TSM (total stock market) fund.
Crossed $250,000 for first time
We just crossed $250,000 in investments for the first time yesterday.
The contribution of this forum has been invaluable. When I joined in December 2014, we had just $42k in invested assets to our name, and a wife who wasn’t fully on board re the need for retirement planning. Now she is all in, we have made big strides, and we are on a good path. A big thank you to everyone here!
The contribution of this forum has been invaluable. When I joined in December 2014, we had just $42k in invested assets to our name, and a wife who wasn’t fully on board re the need for retirement planning. Now she is all in, we have made big strides, and we are on a good path. A big thank you to everyone here!
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Re: Post your Financial Milestone Announcements Here
Congrats Krischi
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Re: Post your Financial Milestone Announcements Here
Hit $500,000 Net Worth today. Wife and I are 33 years old, wife stays at home full time since 2 years ago.
I want to encourage other Bogleheads who don't have high paying jobs (I only cracked 6 figures since 2 years ago and only when I figure in my company's retirement sharing plan, base salary is still 5 figures).
Breakdown is:
Stocks/bonds: 325,000
Cash/Savings: 44,000
Home/Rental Equity: $131,000
I want to encourage other Bogleheads who don't have high paying jobs (I only cracked 6 figures since 2 years ago and only when I figure in my company's retirement sharing plan, base salary is still 5 figures).
Breakdown is:
Stocks/bonds: 325,000
Cash/Savings: 44,000
Home/Rental Equity: $131,000
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Re: Post your Financial Milestone Announcements Here
Congrats coupleofcents That's great ! guys like you are always an encouragement to me. Can you share more details like when you started to save & how much you save on average ?coupleofcents wrote: ↑Mon May 14, 2018 8:35 am Hit $500,000 Net Worth today. Wife and I are 33 years old, wife stays at home full time since 2 years ago.
I want to encourage other Bogleheads who don't have high paying jobs (I only cracked 6 figures since 2 years ago and only when I figure in my company's retirement sharing plan, base salary is still 5 figures).
Breakdown is:
Stocks/bonds: 325,000
Cash/Savings: 44,000
Home/Rental Equity: $131,000
Thanks !
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Re: Post your Financial Milestone Announcements Here
I've done about 40K in savings per year for the last few years. We didn't start aggressively saving until about 2012 were we have always saved 20K or more per year. Before 2012 we had some years of no savings, and some years of 5-10K. But we paid off all student loans 2 years after graduating in 2007.Can you share more details like when you started to save & how much you save on average ?
Thanks !
We also got lucky/strategic and made about $180K in 2015 on on first home by selling after 3 years and moving to a lower cost state. And then the bull market has really helped too.
Just keep at it and eventually you'll see the results:)
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Re: Post your Financial Milestone Announcements Here
Thanks for the info. Good advicecoupleofcents wrote: ↑Mon May 14, 2018 3:10 pmI've done about 40K in savings per year for the last few years. We didn't start aggressively saving until about 2012 were we have always saved 20K or more per year. Before 2012 we had some years of no savings, and some years of 5-10K. But we paid off all student loans 2 years after graduating in 2007.Can you share more details like when you started to save & how much you save on average ?
Thanks !
We also got lucky/strategic and made about $180K in 2015 on on first home by selling after 3 years and moving to a lower cost state. And then the bull market has really helped too.
Just keep at it and eventually you'll see the results:)
Re: Post your Financial Milestone Announcements Here
With Friday's paycheck I crossed over $100k. $70k in retirement accounts and $30k in savings (emergency fund + house down payment). Age 27.
I am very grateful for finding this website. Thanks to all who post
I am very grateful for finding this website. Thanks to all who post
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Re: Post your Financial Milestone Announcements Here
That is a pretty darn good start for someone of your age! I can honestly say I didn't have a $100K retirement account at age 27.
Continue what you are doing!
Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go." - Mark Twain
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Re: Post your Financial Milestone Announcements Here
deleted
Last edited by vickyychen on Wed May 23, 2018 4:04 pm, edited 1 time in total.
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Re: Post your Financial Milestone Announcements Here
That's great Accural Rule of 72 should also help you out nicely
Re: Post your Financial Milestone Announcements Here
Two commas in the retirement accounts about two weeks ago. Still saving strong.
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Re: Post your Financial Milestone Announcements Here
Going on 9 years in retirement and still solvent!
Looks as if the Trinity studies and SWRs are working, so far.
Looks as if the Trinity studies and SWRs are working, so far.
FI is the best revenge. LBYM. Invest the rest. Stay the course. Die anyway. - PS: The cavalry isn't coming, kids. You are on your own.
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Re: Post your Financial Milestone Announcements Here
Yeah for sure. Please check back in regularly and let us know how you are doing. Keep it steady and you will be back with a two comma post before you know.Broken Man 1999 wrote: ↑Tue May 22, 2018 4:50 pmThat is a pretty darn good start for someone of your age! I can honestly say I didn't have a $100K retirement account at age 27.
Continue what you are doing!
Broken Man 1999
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Re: Post your Financial Milestone Announcements Here
Thanks. I wish I could claim that I knew that in advance. But, no such luck or insight. I just figured I had enough money and it was time to go.
FI is the best revenge. LBYM. Invest the rest. Stay the course. Die anyway. - PS: The cavalry isn't coming, kids. You are on your own.
Re: Post your Financial Milestone Announcements Here
Thanks Newbie, I appreciate it. My story is not very Bogleheadish until recently. As I contemplate retirement within a year or so it is not the super early retirement I contemplated years ago. Consistent employment and aggressive savings are my "secrets". I would have been much better off had I added low cost index investing much earlier. I'm counting on that secret to make retirement income less of a mystery than it seemed to be before. The recent run up has helped a bunch as well.Investing.Newbie wrote: ↑Wed May 23, 2018 3:54 pmGreat job onthecusp can you share some insights like when you started to save & how much you save on average ?
Thanks !
Plus side:
Started 401k saving shortly out of college. Only been out of that mode for short periods in job transitions. Moved to max contributions after about 5 years.
Got debt under control in my 40s and 50s. It was never crazy high, but never was comfortable. Only have a mortgage now.
Been fairly consistently employed and made modest moves up by a combination of trying out supervision/management but ultimately through specialization. Been very aggressively saving (adding after tax saving) for less than 10 years.
Now I'm super aggressive in saving and along with good company contributions we are saving around half of total compensation in accounts other than emergency funds.
Consolidated accounts with Fidelity and put my core assets in low cost index funds. Started buying bond funds!
Minus side (I've made many mistakes until about 10 years ago and didn't really understand / embrace Boglehead investing until about 3 years ago):
I seem to recall my early investments being mostly money market or managed growth funds.
Took a 401k loan for debt consolidation, maybe not such a big penalty as my investments were poor.
Allowed student loan and car purchase debt to spiral up when the kids were in HS and through college.
Took a pension plan cash out, put it in an IRA and traded most of it away with bad strategy, concentration in sure thing etc.
Took similar losses with a 401k brokerage account.
Last job's 401k was with Ameriprise. I ignored it (as a mental compensation for my poor trading experiences) other than funding it so at least my contributions survived. There was not good growth until the move to Fidelity / Index funds.
Owned 3 boats, now they are gone. Only the first was good value as I lived on a lake at the time and could use it a lot.
I'm still over invested in company stock obtained through ownership plans and company contributions.
In edit, just wanted to add that investing is a life long process with ups and downs. Nothing is guaranteed or forever and all sorts of setbacks can be overcome or compensated for with changing expectations.
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Re: Post your Financial Milestone Announcements Here
My wife and I hit $200,000 in investments this week at 26(Him)/27(Her).
No debt, but also renting, so will have to cool off retirement savings a bit to get a house down payment fund started to get the 20% down to avoid PMI.
No debt, but also renting, so will have to cool off retirement savings a bit to get a house down payment fund started to get the 20% down to avoid PMI.
Re: Post your Financial Milestone Announcements Here
From 'Ameriprise Anger" to 500k
Hey All -
First time poster, long time lurker.
Just wanted to say THANK YOU ALL. Just crested 500k this morning in my retirement funds + my EF. I was with Ameriprise for a long time and didn't really believe in investing b/c all I saw was little movement on my accounts. Then my company was acquired, and I have been getting a nice upside for the last 4 years in RSUs. When that money started rolling in, I had my Ameriprise FA invest it for me... and POOF!... a huge chunk of it was eaten up by fees. Nothing motivates more than anger, and thus I found this forum, this philosophy and this community.
When I switched everything to Vanguard, my Ameriprise FA told me they had fees too. That gave me a belly laugh. Now I have my IPS, my three funds, and my AA all working very well for me. I'm doing Backdoor Roths and I even started using my HSA last year as an additional savings vehicle. All of this is because of the resources found here.
So, let me say again: THANK YOU, THANK YOU, THANK YOU!
PS: I put a shortcut on my iPhone for this forum and whenever I feel the urge to waste time on Facebook etc., I go here and read, read, read. So this first post is a long time coming, but wanted to hit a good milestone first.
PPS: Will be interesting to see how long it takes me to hit the two comma club!
Onward!
Hey All -
First time poster, long time lurker.
Just wanted to say THANK YOU ALL. Just crested 500k this morning in my retirement funds + my EF. I was with Ameriprise for a long time and didn't really believe in investing b/c all I saw was little movement on my accounts. Then my company was acquired, and I have been getting a nice upside for the last 4 years in RSUs. When that money started rolling in, I had my Ameriprise FA invest it for me... and POOF!... a huge chunk of it was eaten up by fees. Nothing motivates more than anger, and thus I found this forum, this philosophy and this community.
When I switched everything to Vanguard, my Ameriprise FA told me they had fees too. That gave me a belly laugh. Now I have my IPS, my three funds, and my AA all working very well for me. I'm doing Backdoor Roths and I even started using my HSA last year as an additional savings vehicle. All of this is because of the resources found here.
So, let me say again: THANK YOU, THANK YOU, THANK YOU!
PS: I put a shortcut on my iPhone for this forum and whenever I feel the urge to waste time on Facebook etc., I go here and read, read, read. So this first post is a long time coming, but wanted to hit a good milestone first.
PPS: Will be interesting to see how long it takes me to hit the two comma club!
Onward!
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- Joined: Wed Oct 11, 2017 1:23 pm
Re: Post your Financial Milestone Announcements Here
Thanks for sharing your experience onthecusp !onthecusp wrote: ↑Thu May 24, 2018 10:14 amThanks Newbie, I appreciate it. My story is not very Bogleheadish until recently. As I contemplate retirement within a year or so it is not the super early retirement I contemplated years ago. Consistent employment and aggressive savings are my "secrets". I would have been much better off had I added low cost index investing much earlier. I'm counting on that secret to make retirement income less of a mystery than it seemed to be before. The recent run up has helped a bunch as well.Investing.Newbie wrote: ↑Wed May 23, 2018 3:54 pmGreat job onthecusp can you share some insights like when you started to save & how much you save on average ?
Thanks !
Plus side:
Started 401k saving shortly out of college. Only been out of that mode for short periods in job transitions. Moved to max contributions after about 5 years.
Got debt under control in my 40s and 50s. It was never crazy high, but never was comfortable. Only have a mortgage now.
Been fairly consistently employed and made modest moves up by a combination of trying out supervision/management but ultimately through specialization. Been very aggressively saving (adding after tax saving) for less than 10 years.
Now I'm super aggressive in saving and along with good company contributions we are saving around half of total compensation in accounts other than emergency funds.
Consolidated accounts with Fidelity and put my core assets in low cost index funds. Started buying bond funds!
Minus side (I've made many mistakes until about 10 years ago and didn't really understand / embrace Boglehead investing until about 3 years ago):
I seem to recall my early investments being mostly money market or managed growth funds.
Took a 401k loan for debt consolidation, maybe not such a big penalty as my investments were poor.
Allowed student loan and car purchase debt to spiral up when the kids were in HS and through college.
Took a pension plan cash out, put it in an IRA and traded most of it away with bad strategy, concentration in sure thing etc.
Took similar losses with a 401k brokerage account.
Last job's 401k was with Ameriprise. I ignored it (as a mental compensation for my poor trading experiences) other than funding it so at least my contributions survived. There was not good growth until the move to Fidelity / Index funds.
Owned 3 boats, now they are gone. Only the first was good value as I lived on a lake at the time and could use it a lot.
I'm still over invested in company stock obtained through ownership plans and company contributions.
In edit, just wanted to add that investing is a life long process with ups and downs. Nothing is guaranteed or forever and all sorts of setbacks can be overcome or compensated for with changing expectations.
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Re: Post your Financial Milestone Announcements Here
We just hit 10% of our retirement goal! I'm 34, but I've only been out of school for a year-and-a-half. Looking forward to the next 10% being easier than the first.
Re: Post your Financial Milestone Announcements Here
New member hsd has a question which I've moved into a new thread: [Net worth in retirement: How do you know when "enough is enough"?]
Sandtrap - You are mentioned in the post.
Sandtrap - You are mentioned in the post.
Re: Post your Financial Milestone Announcements Here
I like your handle!LiterallyIronic wrote: ↑Mon Jun 04, 2018 9:33 am We just hit 10% of our retirement goal! I'm 34, but I've only been out of school for a year-and-a-half. Looking forward to the next 10% being easier than the first.
Due to compounding, it should be. However, I do recall some big setbacks (2001, 2008) and having to regain lost ground when it didn't seem like the next X amount was easy. Just remember to stay the course during the tough times and to buy those assets on sale.
Congrats.
"Confusion has its cost" - Crosby, Stills and Nash
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Re: Post your Financial Milestone Announcements Here
Deleted
Last edited by letsgobobby on Tue May 07, 2019 10:49 pm, edited 1 time in total.
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Re: Post your Financial Milestone Announcements Here
Good evening all,
I’ve followed this thread for several months and am very grateful and humbled to be able to add my own milestone. I just 500k networth- reflecting on the road, it’s been a crazy year; I negotiated a severance, started a new job, am re-learning how to be single, trying to prioritize time with friends and live a healthy lifestyle to attempt to age gracefully lol. It’s been a very interesting year- Cheers to what 31 has in store.
thanks to everyone for the questions, advice and musings- I’ve learned so much and the boglehead family keeps me motivated. On to the next one!
I’ve followed this thread for several months and am very grateful and humbled to be able to add my own milestone. I just 500k networth- reflecting on the road, it’s been a crazy year; I negotiated a severance, started a new job, am re-learning how to be single, trying to prioritize time with friends and live a healthy lifestyle to attempt to age gracefully lol. It’s been a very interesting year- Cheers to what 31 has in store.
thanks to everyone for the questions, advice and musings- I’ve learned so much and the boglehead family keeps me motivated. On to the next one!
Re: Post your Financial Milestone Announcements Here
That's a great milestone! Keep it up.eer_no_evil wrote: ↑Mon Jun 11, 2018 10:06 pm Good evening all,
I’ve followed this thread for several months and am very grateful and humbled to be able to add my own milestone. I just 500k networth- reflecting on the road, it’s been a crazy year; I negotiated a severance, started a new job, am re-learning how to be single, trying to prioritize time with friends and live a healthy lifestyle to attempt to age gracefully lol. It’s been a very interesting year- Cheers to what 31 has in store.
thanks to everyone for the questions, advice and musings- I’ve learned so much and the boglehead family keeps me motivated. On to the next one!
Re: I did it and feel great about it (paid off mortgage)
[Posts moved into here from I did it and feel great about it (paid off mortgage) --admin LadyGeek]
Paid off mortgage today. Feel great , proud of our accomplishment at one time the debt seemed like a big mountain but no more today. Many thanks to all the learnings i got about saving and investing from all the wise members sharing their knowledge and experience on this site. Discipline , hard work and some luck good career choice . Any way feel great today no one else to share this financial milesetones with except DW . Going out for drinks and sushi to celebrate then on to the next goals like college early retirement and savings for a rainy day. Must keep working hard at 46 just got much closer to FI.
Paid off mortgage today. Feel great , proud of our accomplishment at one time the debt seemed like a big mountain but no more today. Many thanks to all the learnings i got about saving and investing from all the wise members sharing their knowledge and experience on this site. Discipline , hard work and some luck good career choice . Any way feel great today no one else to share this financial milesetones with except DW . Going out for drinks and sushi to celebrate then on to the next goals like college early retirement and savings for a rainy day. Must keep working hard at 46 just got much closer to FI.
Re: I did it and feel great about it (paid off mortgage)
Huge Congrats!!ALinLI wrote: ↑Wed Jun 20, 2018 5:24 pm Paid off mortgage today. Feel great , proud of our accomplishment at one time the debt seemed like a big mountain but no more today. Many thanks to all the learnings i got about saving and investing from all the wise members sharing their knowledge and experience on this site. Discipline , hard work and some luck good career choice . Any way feel great today no one else to share this financial milesetones with except DW . Going out for drinks and sushi to celebrate then on to the next goals like college early retirement and savings for a rainy day. Must keep working hard at 46 just got much closer to FI.
Well done!!!
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Re: Post your Financial Milestone Announcements Here
ALinLI - I moved your post and replies into here.
Congrats!
Congrats!
- unclescrooge
- Posts: 6265
- Joined: Thu Jun 07, 2012 7:00 pm
Re: Post your Financial Milestone Announcements Here
Just hired a weekly maid service.
Finally at a point in my life where I feel I can afford it
Still don't have a gardener though....
Finally at a point in my life where I feel I can afford it
Still don't have a gardener though....
Re: Post your Financial Milestone Announcements Here
A quick financial checkup just revealed I'm over the $200k mark.
33-year-old single male
403(b): ~$120k
Roth IRA: ~$35k
Taxable: ~$25k
Cash: ~$35k (will probably throw $15k of this into taxable account soon)
iBonds: ~$1.6k
33-year-old single male
403(b): ~$120k
Roth IRA: ~$35k
Taxable: ~$25k
Cash: ~$35k (will probably throw $15k of this into taxable account soon)
iBonds: ~$1.6k
Re: Post your Financial Milestone Announcements Here
Congrats! Keep it going.
Re: Post your Financial Milestone Announcements Here
Congrats keep it up