Post your Financial Milestone Announcements Here
Re: Post your Financial Milestone Announcements Here
Accepted a new job offer and increased my total compensation from ~83k to ~100k (including 9k/year for my part-time studying, my current employer wouldn't pay anything) while reducing the weekly working hours from 42h to 38h. Also reducing my commute time from 1h 20min to 15min!
A massive improvement for me
A massive improvement for me
- ruralavalon
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Re: Post your Financial Milestone Announcements Here
Congratulations, enjoy the ice cream
"Everything should be as simple as it is, but not simpler." - Albert Einstein |
Wiki article link: Bogleheads® investment philosophy
- ruralavalon
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Re: Post your Financial Milestone Announcements Here
Congratulations.Stef wrote: ↑Tue Jan 21, 2020 11:19 pm Accepted a new job offer and increased my total compensation from ~83k to ~100k (including 9k/year for my part-time studying, my current employer wouldn't pay anything) while reducing the weekly working hours from 42h to 38h. Also reducing my commute time from 1h 20min to 15min!
A massive improvement for me
My commute was about 5 minutes, a huge job benefit in my opinion.
"Everything should be as simple as it is, but not simpler." - Albert Einstein |
Wiki article link: Bogleheads® investment philosophy
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Re: Post your Financial Milestone Announcements Here
Congratulations.Stef wrote: ↑Tue Jan 21, 2020 11:19 pm Accepted a new job offer and increased my total compensation from ~83k to ~100k (including 9k/year for my part-time studying, my current employer wouldn't pay anything) while reducing the weekly working hours from 42h to 38h. Also reducing my commute time from 1h 20min to 15min!
A massive improvement for me
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Re: Post your Financial Milestone Announcements Here
Broke a $2m net worth milestone. Significant to me because it means I'm financially independent at my current spending level. Next stop $3m!
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Re: Post your Financial Milestone Announcements Here
Congrats ! Just curious ... How long did it take you to reach $2 million from $1 million ?culturedcommenting wrote: ↑Wed Jan 22, 2020 7:17 pm Broke a $2m net worth milestone. Significant to me because it means I'm financially independent at my current spending level. Next stop $3m!
Re: Post your Financial Milestone Announcements Here
Congratulations! I hope you enjoy the work that got you there.culturedcommenting wrote: ↑Wed Jan 22, 2020 7:17 pm Broke a $2m net worth milestone. Significant to me because it means I'm financially independent at my current spending level. Next stop $3m!
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Re: Post your Financial Milestone Announcements Here
About a year. I had hit $1m maybe 2 years priors but my investments lost value and I went under the bar.Investing.Newbie wrote: ↑Thu Jan 23, 2020 10:59 amCongrats ! Just curious ... How long did it take you to reach $2 million from $1 million ?culturedcommenting wrote: ↑Wed Jan 22, 2020 7:17 pm Broke a $2m net worth milestone. Significant to me because it means I'm financially independent at my current spending level. Next stop $3m!
Re: Post your Financial Milestone Announcements Here
Wow. Congratulations.culturedcommenting wrote: ↑Wed Jan 22, 2020 7:17 pm Broke a $2m net worth milestone. Significant to me because it means I'm financially independent at my current spending level. Next stop $3m!
Re: Post your Financial Milestone Announcements Here
I hit the 2 comma club in my 401K today Hope the current rally continues...
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Re: Post your Financial Milestone Announcements Here
I hit $1m networth today net of home equity, 529 plans, and my husband's investments.
Last edited by financiallycurious on Tue Feb 11, 2020 10:41 am, edited 1 time in total.
- ruralavalon
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Re: Post your Financial Milestone Announcements Here
Congratulations .
"Everything should be as simple as it is, but not simpler." - Albert Einstein |
Wiki article link: Bogleheads® investment philosophy
Re: Post your Financial Milestone Announcements Here
We hit the two comma club a couple of days ago (with home equity)! We started at -250K about 7.5 years ago at the end of residency. I just wanted to thank all of you who have been so helpful over the years with your insight and advice. I told my wife and her response was, "That's nice, honey." I think I married the right woman. We've currently got about 700K in investments, so our next milestone will probably be one million in investments and/or paying off the house (balance ~200K). Both should be done in the next 2-3 years.
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Re: Post your Financial Milestone Announcements Here
You certainly did! Congratulations!jambadoc wrote: ↑Wed Feb 12, 2020 8:32 am We hit the two comma club a couple of days ago (with home equity)! We started at -250K about 7.5 years ago at the end of residency. I just wanted to thank all of you who have been so helpful over the years with your insight and advice. I told my wife and her response was, "That's nice, honey." I think I married the right woman. We've currently got about 700K in investments, so our next milestone will probably be one million in investments and/or paying off the house (balance ~200K). Both should be done in the next 2-3 years.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
Re: Post your Financial Milestone Announcements Here
^^^ Congrats.
Re: Post your Financial Milestone Announcements Here
Mortgage payoff!!! My balance is $0.00.
I had originally setup my bank account to do an ACH transfer for the balance due. When I tried to execute the ACH transaction, I was very surprised to learn that banks put a limit on the ACH dollar amount (like $5,000 or so). It would take a number of days to payoff my balance.
So, a trip to the bank for a Wire transfer. The funds were transferred the same day ($20 wire transfer fee).
Customer support said I won't be getting my mortgage paperwork back, so I'll have to print out my own documents (I have a copy) in order to have a mortgage burning party.
(I'll be getting a "Paid in Full" letter and lien release over the next few weeks.)
I had originally setup my bank account to do an ACH transfer for the balance due. When I tried to execute the ACH transaction, I was very surprised to learn that banks put a limit on the ACH dollar amount (like $5,000 or so). It would take a number of days to payoff my balance.
So, a trip to the bank for a Wire transfer. The funds were transferred the same day ($20 wire transfer fee).
Customer support said I won't be getting my mortgage paperwork back, so I'll have to print out my own documents (I have a copy) in order to have a mortgage burning party.
(I'll be getting a "Paid in Full" letter and lien release over the next few weeks.)
Re: Post your Financial Milestone Announcements Here
^^^ congrats!
- ruralavalon
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Re: Post your Financial Milestone Announcements Here
Congratulations on paying off the mortgage .LadyGeek wrote: ↑Wed Feb 12, 2020 4:22 pm Mortgage payoff!!! My balance is $0.00.
I had originally setup my bank account to do an ACH transfer for the balance due. When I tried to execute the ACH transaction, I was very surprised to learn that banks put a limit on the ACH dollar amount (like $5,000 or so). It would take a number of days to payoff my balance.
So, a trip to the bank for a Wire transfer. The funds were transferred the same day ($20 wire transfer fee).
Customer support said I won't be getting my mortgage paperwork back, so I'll have to print out my own documents (I have a copy) in order to have a mortgage burning party.
(I'll be getting a "Paid in Full" letter and lien release over the next few weeks.)
"Everything should be as simple as it is, but not simpler." - Albert Einstein |
Wiki article link: Bogleheads® investment philosophy
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Re: Post your Financial Milestone Announcements Here
Make sure you get you get your grant deed !!!!!!! congratulationsLadyGeek wrote: ↑Wed Feb 12, 2020 4:22 pm Mortgage payoff!!! My balance is $0.00.
I had originally setup my bank account to do an ACH transfer for the balance due. When I tried to execute the ACH transaction, I was very surprised to learn that banks put a limit on the ACH dollar amount (like $5,000 or so). It would take a number of days to payoff my balance.
So, a trip to the bank for a Wire transfer. The funds were transferred the same day ($20 wire transfer fee).
Customer support said I won't be getting my mortgage paperwork back, so I'll have to print out my own documents (I have a copy) in order to have a mortgage burning party.
(I'll be getting a "Paid in Full" letter and lien release over the next few weeks.)
Re: Post your Financial Milestone Announcements Here
^^^ That's a new one for me. Grant deed? A google search shows me what that is, but do I need one? The state is PA.
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Re: 1 Million Milestone
Congratulations! That is a huge achievement. How old are you? Someday hope to be able to say the same!Agent9 wrote: ↑Mon Dec 30, 2019 2:01 pm Hi all. Long time member, infrequent poster. Wanted to share a milestone that my family hit, in large part thanks to this board's help. I've been checking our retirement accounts every few months or so and yesterday I noticed we crossed the 1 million threshold in our combined retirement accounts in December. This has always been a big goal for us when we started investing for retirement and we plan to celebrate it. Thanks again everyone and I hope you all keep up the great work!
Historical: Started the investment journey approx 20 years ago. Joined Bogleheads.org on Feb 2010. 1M milestone on Dec 2019.
"Your mind has a mind of its own. At the very moment when you are most convinced of your own rationality, you may be feeling rather than thinking your way toward a decision.” |
Jason Zweig
Re: Post your Financial Milestone Announcements Here
Grant is how the county records the new owner of the property. It will update in county records as transfer of deed from mortgage company to you.
Congratulations! My uncle chose a nice blood moon day for his mortgage burning party
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
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Re: Post your Financial Milestone Announcements Here
Congrats! Having a tiny commute is a huge blessing...I used to drive for 1 h a day and I've cut it down to 6 min. Cutting down on driving every day gave back my sanity and lowered my anxiety. I used to listen to audio books in the car but since I don't drive much anymore (I bike to work when it's warm!) I am content with listening to silence.Investing.Newbie wrote: ↑Wed Jan 22, 2020 11:35 amCongrats 15 minute commute is awesome... I have a 15 minute commute too... it's the best perk
"Your mind has a mind of its own. At the very moment when you are most convinced of your own rationality, you may be feeling rather than thinking your way toward a decision.” |
Jason Zweig
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Re: Post your Financial Milestone Announcements Here
Congrats LadyGeek! That is huge...Bet you're excited to invest/save all future money and not worry about your mortgage!LadyGeek wrote: ↑Wed Feb 12, 2020 4:22 pm Mortgage payoff!!! My balance is $0.00.
I had originally setup my bank account to do an ACH transfer for the balance due. When I tried to execute the ACH transaction, I was very surprised to learn that banks put a limit on the ACH dollar amount (like $5,000 or so). It would take a number of days to payoff my balance.
So, a trip to the bank for a Wire transfer. The funds were transferred the same day ($20 wire transfer fee).
Customer support said I won't be getting my mortgage paperwork back, so I'll have to print out my own documents (I have a copy) in order to have a mortgage burning party.
(I'll be getting a "Paid in Full" letter and lien release over the next few weeks.)
"Your mind has a mind of its own. At the very moment when you are most convinced of your own rationality, you may be feeling rather than thinking your way toward a decision.” |
Jason Zweig
Re: Post your Financial Milestone Announcements Here
Fantastic achievement, congratulations!LadyGeek wrote: ↑Wed Feb 12, 2020 4:22 pm Mortgage payoff!!! My balance is $0.00.
I had originally setup my bank account to do an ACH transfer for the balance due. When I tried to execute the ACH transaction, I was very surprised to learn that banks put a limit on the ACH dollar amount (like $5,000 or so). It would take a number of days to payoff my balance.
So, a trip to the bank for a Wire transfer. The funds were transferred the same day ($20 wire transfer fee).
Customer support said I won't be getting my mortgage paperwork back, so I'll have to print out my own documents (I have a copy) in order to have a mortgage burning party.
(I'll be getting a "Paid in Full" letter and lien release over the next few weeks.)
Re: Post your Financial Milestone Announcements Here
Congratulations! Time to get the nice scotch yet?jambadoc wrote: ↑Wed Feb 12, 2020 8:32 am We hit the two comma club a couple of days ago (with home equity)! We started at -250K about 7.5 years ago at the end of residency. I just wanted to thank all of you who have been so helpful over the years with your insight and advice. I told my wife and her response was, "That's nice, honey." I think I married the right woman. We've currently got about 700K in investments, so our next milestone will probably be one million in investments and/or paying off the house (balance ~200K). Both should be done in the next 2-3 years.
Re: Post your Financial Milestone Announcements Here
Just hit the milestone of $1,345,269. Next goal: $2,178,309.
Re: Post your Financial Milestone Announcements Here
Congrats! It’s a great feeling. What’s the next milestone?LadyGeek wrote: ↑Wed Feb 12, 2020 4:22 pm Mortgage payoff!!! My balance is $0.00.
I had originally setup my bank account to do an ACH transfer for the balance due. When I tried to execute the ACH transaction, I was very surprised to learn that banks put a limit on the ACH dollar amount (like $5,000 or so). It would take a number of days to payoff my balance.
So, a trip to the bank for a Wire transfer. The funds were transferred the same day ($20 wire transfer fee).
Customer support said I won't be getting my mortgage paperwork back, so I'll have to print out my own documents (I have a copy) in order to have a mortgage burning party.
(I'll be getting a "Paid in Full" letter and lien release over the next few weeks.)
Re: Post your Financial Milestone Announcements Here
Shouldn't you wait until you hit $1,346,269? After $2,178,309, your next goal could be $3,524,578.
Re: Post your Financial Milestone Announcements Here
I've got my eyes on Roll Call for the Retirement Class of 2020!, but I want a few months to get things settled down. I'm still in the "What should I retire to?" phase. I'll post in the relevant threads as needed.
Re: Post your Financial Milestone Announcements Here
Yes, you are quite right! In my zeal to share my landmark milestone, I mistyped. The balance did indeed reach $1,346,269 today, so my rabbits and I are now heading out to paint the town red!
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Re: Post your Financial Milestone Announcements Here
We finally hit 2 x our gross income. Really wanted to make it before 30, and managed it at 27 (Him), 28 (Her).
$152K gross and it was $309K when I checked earlier.
On to 3 x and beyond!
$152K gross and it was $309K when I checked earlier.
On to 3 x and beyond!
Re: Post your Financial Milestone Announcements Here
As pointed out above, there was a typo.Double Dog wrote: ↑Wed Feb 12, 2020 8:10 pmI spent too long staring at these numbers trying to divine their significance. With a few of the leading digits transposed, I saw your current milestone as pi and your next goal as e.
https://oeis.org/A000045/b000045.txt (line 31 and line 32)
Re: Post your Financial Milestone Announcements Here
I'm sure it would have popped out at you right away, had I not mistyped one of the digits in the first number. It should, of course, have been $1.346.269.Double Dog wrote: ↑Wed Feb 12, 2020 8:10 pmI spent too long staring at these numbers trying to divine their significance. With a few of the leading digits transposed, I saw your current milestone as pi and your next goal as e.
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Re: Post your Financial Milestone Announcements Here
Sounds like you have also avoided the financial devastation a marriage can cause... congratsCyclingDuo wrote: ↑Mon Dec 30, 2019 11:01 am Sort of tied in within a major financial milestone for us since we are a dual income household and have fortunately avoided the financial devastation a divorce can cause...
Married 30 years today! 30 years on the 30th!!!
Financologist
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Re: Post your Financial Milestone Announcements Here
I wanted to retire at 60 with total NW of 4M but exceeded number at 50yo and just retired 5 months ago.
- CyclingDuo
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Re: Post your Financial Milestone Announcements Here
Yup, up to this point.Financologist wrote: ↑Wed Feb 12, 2020 9:39 pmSounds like you have also avoided the financial devastation a marriage can cause... congratsCyclingDuo wrote: ↑Mon Dec 30, 2019 11:01 am Sort of tied in within a major financial milestone for us since we are a dual income household and have fortunately avoided the financial devastation a divorce can cause...
Married 30 years today! 30 years on the 30th!!!
I think it is a given that being open, honest and on the same path financially is part of a successful marriage. We've certainly learned a lot from each other over the years when it comes to our finances through the act of discussion. Here's to staying on track and avoiding financial devastation due to marriage in the coming decades...
CyclingDuo
"Save like a pessimist, invest like an optimist." - Morgan Housel |
"Pick a bushel, save a peck!" - Grandpa
Re: Post your Financial Milestone Announcements Here
student wrote: ↑Wed Feb 12, 2020 8:25 pm As pointed out above, there was a typo.
https://oeis.org/A000045/b000045.txt (line 31 and line 32)
Double Dog - Let me help you with that. It's a Fibonacci series.depressed wrote: ↑Wed Feb 12, 2020 8:28 pmI'm sure it would have popped out at you right away, had I not mistyped one of the digits in the first number. It should, of course, have been $1.346.269.Double Dog wrote: ↑Wed Feb 12, 2020 8:10 pmI spent too long staring at these numbers trying to divine their significance. With a few of the leading digits transposed, I saw your current milestone as pi and your next goal as e.
Re: Post your Financial Milestone Announcements Here
This week, looking into refinancing, I found out that our home value jumped quite a bit since I last looked. Add that to an unexpected bonus a few months ago and we've added a comma to at least one measure of net worth. I don't love net worth but it's something!
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Re: Post your Financial Milestone Announcements Here
Yes, old money does not die out. By the way, why doesn't mine multiply like rabbits?LadyGeek wrote: ↑Thu Feb 13, 2020 3:00 pmstudent wrote: ↑Wed Feb 12, 2020 8:25 pm As pointed out above, there was a typo.
https://oeis.org/A000045/b000045.txt (line 31 and line 32)Double Dog - Let me help you with that. It's a Fibonacci series.depressed wrote: ↑Wed Feb 12, 2020 8:28 pmI'm sure it would have popped out at you right away, had I not mistyped one of the digits in the first number. It should, of course, have been $1.346.269.Double Dog wrote: ↑Wed Feb 12, 2020 8:10 pmI spent too long staring at these numbers trying to divine their significance. With a few of the leading digits transposed, I saw your current milestone as pi and your next goal as e.
- willthrill81
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Our mortgage is GONE!
[Thread merged into here, see below (next Page). --admin LadyGeek]
After working to aggressively pay down our mortgage for the last five years, we finally paid it off this morning. Yes, we would have come out ahead had we invested the funds in U.S. stocks, but we are very content with the guaranteed return we received (3.375%). We certainly did better than had we invested in the total bond market instead. And while my employment is very secure, our essential spending would now be covered 100% by unemployment benefits alone (which last six months).
We have a small auto loan (@ 2.74%) that we should knock out in two more months, and then we'll be investing over 50% of our gross household income via tax-advantaged accounts (401a, 401k, 457, HSA, and two Roth IRAs). If the markets are reasonably good, we hope to be financially independent by the time I'm 50-52.
After working to aggressively pay down our mortgage for the last five years, we finally paid it off this morning. Yes, we would have come out ahead had we invested the funds in U.S. stocks, but we are very content with the guaranteed return we received (3.375%). We certainly did better than had we invested in the total bond market instead. And while my employment is very secure, our essential spending would now be covered 100% by unemployment benefits alone (which last six months).
We have a small auto loan (@ 2.74%) that we should knock out in two more months, and then we'll be investing over 50% of our gross household income via tax-advantaged accounts (401a, 401k, 457, HSA, and two Roth IRAs). If the markets are reasonably good, we hope to be financially independent by the time I'm 50-52.
The Sensible Steward
Re: Our mortgage is GONE!
Awesome work and very jealous! I’m in no rush to pay off the house because we aren’t in our “forever home” or at minimum our “very long time” home. I hope we’re in a position to hang up our boots by 52.willthrill81 wrote: ↑Wed Feb 26, 2020 5:39 pm After working to aggressively pay down our mortgage for the last five years, we finally paid it off this morning. Yes, we would have come out ahead had we invested the funds in U.S. stocks, but we are very content with the guaranteed return we received (3.375%). We certainly did better than had we invested in the total bond market instead. And while my employment is very secure, our essential spending would now be covered 100% by unemployment benefits alone (which last six months).
We have a small auto loan (@ 2.74%) that we should knock out in two more months, and then we'll be investing over 50% of our gross household income via tax-advantaged accounts (401a, 401k, 457, HSA, and two Roth IRAs). If the markets are reasonably good, we hope to be financially independent by the time I'm 50-52.
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Re: Our mortgage is GONE!
Congratulations, willthrill81!
Take time to celebrate with your family!
Take time to celebrate with your family!
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Re: Our mortgage is GONE!
Congratulations! That is quite a milestone and something to be celebrated.
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Re: Our mortgage is GONE!
Congrats!
“Doing nothing is better than being busy doing nothing.” – Lao Tzu