Post your Financial Milestone Announcements Here

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Stef
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Re: Post your Financial Milestone Announcements Here

Post by Stef » Wed Jan 22, 2020 12:19 am

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 :D

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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Wed Jan 22, 2020 11:37 am

marti038 wrote:
Tue Jan 21, 2020 4:29 pm
DW & I reached the 2 comma club this morning (net worth)! I think I'll have an extra scoop of ice cream after dinner tonight to celebrate.

. . . . .
Congratulations, enjoy the ice cream 🍦
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Wed Jan 22, 2020 11:39 am

Stef wrote:
Wed Jan 22, 2020 12:19 am
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 :D
Congratulations.

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:Getting Started

Investing.Newbie
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Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie » Wed Jan 22, 2020 12:35 pm

Stef wrote:
Wed Jan 22, 2020 12:19 am
Also reducing my commute time from 1h 20min to 15min!
A massive improvement for me :D
Congrats :D 15 minute commute is awesome... I have a 15 minute commute too... it's the best perk :sharebeer

Investing.Newbie
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Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie » Wed Jan 22, 2020 12:36 pm

marti038 wrote:
Tue Jan 21, 2020 4:29 pm
DW & I reached the 2 comma club this morning (net worth)! I think I'll have an extra scoop of ice cream after dinner tonight to celebrate.
Congrats :sharebeer

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Wed Jan 22, 2020 1:18 pm

Stef wrote:
Wed Jan 22, 2020 12:19 am
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 :D
Congratulations.

culturedcommenting
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Re: Post your Financial Milestone Announcements Here

Post by culturedcommenting » Wed Jan 22, 2020 8:17 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! :sharebeer

Investing.Newbie
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Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie » Thu Jan 23, 2020 11:59 am

culturedcommenting wrote:
Wed Jan 22, 2020 8:17 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!
Congrats ! :sharebeer Just curious ... How long did it take you to reach $2 million from $1 million ?

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jriding
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Re: Post your Financial Milestone Announcements Here

Post by jriding » Thu Jan 23, 2020 12:56 pm

culturedcommenting wrote:
Wed Jan 22, 2020 8:17 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! :sharebeer
Congratulations! I hope you enjoy the work that got you there.

culturedcommenting
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Re: Post your Financial Milestone Announcements Here

Post by culturedcommenting » Thu Jan 23, 2020 6:33 pm

Investing.Newbie wrote:
Thu Jan 23, 2020 11:59 am
culturedcommenting wrote:
Wed Jan 22, 2020 8:17 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!
Congrats ! :sharebeer Just curious ... How long did it take you to reach $2 million from $1 million ?
About a year. I had hit $1m maybe 2 years priors but my investments lost value and I went under the bar.

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Thu Jan 23, 2020 9:13 pm

culturedcommenting wrote:
Wed Jan 22, 2020 8:17 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! :sharebeer
Wow. Congratulations.

nepats
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Re: Post your Financial Milestone Announcements Here

Post by nepats » Tue Feb 11, 2020 8:49 am

I hit the 2 comma club in my 401K today :sharebeer Hope the current rally continues... 8-)

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Tue Feb 11, 2020 8:52 am

nepats wrote:
Tue Feb 11, 2020 8:49 am
I hit the 2 comma club in my 401K today :sharebeer Hope the current rally continues... 8-)
Congratulations.

financiallycurious
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Re: Post your Financial Milestone Announcements Here

Post by financiallycurious » Tue Feb 11, 2020 11:30 am

I hit $1m networth today net of home equity, 529 plans, and my husband's investments. :sharebeer
Last edited by financiallycurious on Tue Feb 11, 2020 11:41 am, edited 1 time in total.

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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Tue Feb 11, 2020 11:37 am

nepats wrote:
Tue Feb 11, 2020 8:49 am
I hit the 2 comma club in my 401K today :sharebeer Hope the current rally continues... 8-)
Congratulations :) .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

jambadoc
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Re: Post your Financial Milestone Announcements Here

Post by jambadoc » Wed Feb 12, 2020 9:32 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.

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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors » Wed Feb 12, 2020 12:51 pm

jambadoc wrote:
Wed Feb 12, 2020 9:32 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.
You certainly did! Congratulations! :sharebeer
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Wed Feb 12, 2020 5:20 pm

^^^ Congrats. :thumbsup
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Wed Feb 12, 2020 5:22 pm

Mortgage payoff!!! My balance is $0.00. :beer

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. :shock:

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.)
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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Re: Post your Financial Milestone Announcements Here

Post by mighty72 » Wed Feb 12, 2020 5:25 pm

^^^ congrats!

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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Wed Feb 12, 2020 5:27 pm

LadyGeek wrote:
Wed Feb 12, 2020 5:22 pm
Mortgage payoff!!! My balance is $0.00. :beer

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. :shock:

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.)
Congratulations on paying off the mortgage :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

vipertom1970
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Re: Post your Financial Milestone Announcements Here

Post by vipertom1970 » Wed Feb 12, 2020 5:30 pm

LadyGeek wrote:
Wed Feb 12, 2020 5:22 pm
Mortgage payoff!!! My balance is $0.00. :beer

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. :shock:

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.)
Make sure you get you get your grant deed !!!!!!! congratulations

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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Wed Feb 12, 2020 5:54 pm

^^^ 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.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

BrownEyedGirl_27
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Re: 1 Million Milestone

Post by BrownEyedGirl_27 » Wed Feb 12, 2020 6:02 pm

Agent9 wrote:
Mon Dec 30, 2019 3:01 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!
:sharebeer

Historical: Started the investment journey approx 20 years ago. Joined Bogleheads.org on Feb 2010. 1M milestone on Dec 2019.
Congratulations! That is a huge achievement. How old are you? Someday hope to be able to say the same! :moneybag
"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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ray.james
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Re: Post your Financial Milestone Announcements Here

Post by ray.james » Wed Feb 12, 2020 6:04 pm

LadyGeek wrote:
Wed Feb 12, 2020 5:54 pm
^^^ 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.
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 :happy
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939

BrownEyedGirl_27
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Re: Post your Financial Milestone Announcements Here

Post by BrownEyedGirl_27 » Wed Feb 12, 2020 6:06 pm

Investing.Newbie wrote:
Wed Jan 22, 2020 12:35 pm
Stef wrote:
Wed Jan 22, 2020 12:19 am
Also reducing my commute time from 1h 20min to 15min!
A massive improvement for me :D
Congrats :D 15 minute commute is awesome... I have a 15 minute commute too... it's the best perk :sharebeer
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. :D
"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

BrownEyedGirl_27
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Re: Post your Financial Milestone Announcements Here

Post by BrownEyedGirl_27 » Wed Feb 12, 2020 6:08 pm

LadyGeek wrote:
Wed Feb 12, 2020 5:22 pm
Mortgage payoff!!! My balance is $0.00. :beer

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. :shock:

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.)
Congrats LadyGeek! That is huge...Bet you're excited to invest/save all future money and not worry about your mortgage! :sharebeer
"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

kacang
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Re: Post your Financial Milestone Announcements Here

Post by kacang » Wed Feb 12, 2020 6:15 pm

LadyGeek wrote:
Wed Feb 12, 2020 5:22 pm
Mortgage payoff!!! My balance is $0.00. :beer

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. :shock:

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.)
Fantastic achievement, congratulations!

kacang
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Re: Post your Financial Milestone Announcements Here

Post by kacang » Wed Feb 12, 2020 6:19 pm

jambadoc wrote:
Wed Feb 12, 2020 9:32 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.
Congratulations! Time to get the nice scotch yet?

depressed
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Re: Post your Financial Milestone Announcements Here

Post by depressed » Wed Feb 12, 2020 6:25 pm

Just hit the milestone of $1,345,269. Next goal: $2,178,309.

nepats
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Re: Post your Financial Milestone Announcements Here

Post by nepats » Wed Feb 12, 2020 8:17 pm

LadyGeek wrote:
Wed Feb 12, 2020 5:22 pm
Mortgage payoff!!! My balance is $0.00. :beer

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. :shock:

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.)
Congrats! It’s a great feeling. What’s the next milestone?

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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Wed Feb 12, 2020 8:30 pm

depressed wrote:
Wed Feb 12, 2020 6:25 pm
Just hit the milestone of $1,345,269. Next goal: $2,178,309.
Shouldn't you wait until you hit $1,346,269? :wink: After $2,178,309, your next goal could be $3,524,578.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Wed Feb 12, 2020 8:34 pm

nepats wrote:
Wed Feb 12, 2020 8:17 pm
Congrats! It’s a great feeling. What’s the next milestone?
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.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

depressed
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Re: Post your Financial Milestone Announcements Here

Post by depressed » Wed Feb 12, 2020 9:03 pm

LadyGeek wrote:
Wed Feb 12, 2020 8:30 pm
depressed wrote:
Wed Feb 12, 2020 6:25 pm
Just hit the milestone of $1,345,269. Next goal: $2,178,309.
Shouldn't you wait until you hit $1,346,269? :wink: After $2,178,309, your next goal could be $3,524,578.
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!

Double Dog
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Re: Post your Financial Milestone Announcements Here

Post by Double Dog » Wed Feb 12, 2020 9:10 pm

depressed wrote:
Wed Feb 12, 2020 6:25 pm
Just hit the milestone of $1,345,269. Next goal: $2,178,309.
I 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.

HoleInTheAir
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Re: Post your Financial Milestone Announcements Here

Post by HoleInTheAir » Wed Feb 12, 2020 9:11 pm

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!

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Wed Feb 12, 2020 9:25 pm

Double Dog wrote:
Wed Feb 12, 2020 9:10 pm
depressed wrote:
Wed Feb 12, 2020 6:25 pm
Just hit the milestone of $1,345,269. Next goal: $2,178,309.
I 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.
As pointed out above, there was a typo.
https://oeis.org/A000045/b000045.txt (line 31 and line 32)

depressed
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Re: Post your Financial Milestone Announcements Here

Post by depressed » Wed Feb 12, 2020 9:28 pm

Double Dog wrote:
Wed Feb 12, 2020 9:10 pm
depressed wrote:
Wed Feb 12, 2020 6:25 pm
Just hit the milestone of $1,345,269. Next goal: $2,178,309.
I 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.
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.

Financologist
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Re: Post your Financial Milestone Announcements Here

Post by Financologist » Wed Feb 12, 2020 10:39 pm

CyclingDuo wrote:
Mon Dec 30, 2019 12:01 pm
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!!!

:sharebeer
Sounds like you have also avoided the financial devastation a marriage can cause... congrats

vipertom1970
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Re: Post your Financial Milestone Announcements Here

Post by vipertom1970 » Wed Feb 12, 2020 11:26 pm

I wanted to retire at 60 with total NW of 4M but exceeded number at 50yo and just retired 5 months ago.

jambadoc
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Re: Post your Financial Milestone Announcements Here

Post by jambadoc » Thu Feb 13, 2020 10:05 am

kacang wrote:
Wed Feb 12, 2020 6:19 pm
Congratulations! Time to get the nice scotch yet?
It's in the works, Haven't had a free evening yet. 🎉

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CyclingDuo
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Re: Post your Financial Milestone Announcements Here

Post by CyclingDuo » Thu Feb 13, 2020 11:46 am

Financologist wrote:
Wed Feb 12, 2020 10:39 pm
CyclingDuo wrote:
Mon Dec 30, 2019 12:01 pm
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!!!

:sharebeer
Sounds like you have also avoided the financial devastation a marriage can cause... congrats
Yup, up to this point.

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...

:sharebeer

CyclingDuo
"Everywhere is within walking distance if you have the time." ~ Steven Wright

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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Thu Feb 13, 2020 4:00 pm

student wrote:
Wed Feb 12, 2020 9:25 pm
As pointed out above, there was a typo.
https://oeis.org/A000045/b000045.txt (line 31 and line 32)
depressed wrote:
Wed Feb 12, 2020 9:28 pm
Double Dog wrote:
Wed Feb 12, 2020 9:10 pm
depressed wrote:
Wed Feb 12, 2020 6:25 pm
Just hit the milestone of $1,345,269. Next goal: $2,178,309.
I 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.
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 - Let me help you with that. It's a Fibonacci series.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

mega317
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Re: Post your Financial Milestone Announcements Here

Post by mega317 » Mon Feb 17, 2020 2:38 am

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!
https://www.bogleheads.org/forum/viewtopic.php?t=6212

MathIsMyWayr
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Re: Post your Financial Milestone Announcements Here

Post by MathIsMyWayr » Mon Feb 17, 2020 3:18 am

LadyGeek wrote:
Thu Feb 13, 2020 4:00 pm
student wrote:
Wed Feb 12, 2020 9:25 pm
As pointed out above, there was a typo.
https://oeis.org/A000045/b000045.txt (line 31 and line 32)
depressed wrote:
Wed Feb 12, 2020 9:28 pm
Double Dog wrote:
Wed Feb 12, 2020 9:10 pm
depressed wrote:
Wed Feb 12, 2020 6:25 pm
Just hit the milestone of $1,345,269. Next goal: $2,178,309.
I 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.
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 - Let me help you with that. It's a Fibonacci series.
Yes, old money does not die out. By the way, why doesn't mine multiply like rabbits?

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willthrill81
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Location: USA

Our mortgage is GONE!

Post by willthrill81 » Wed Feb 26, 2020 6:39 pm

[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. :D 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.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

Jags4186
Posts: 4236
Joined: Wed Jun 18, 2014 7:12 pm

Re: Our mortgage is GONE!

Post by Jags4186 » Wed Feb 26, 2020 6:45 pm

willthrill81 wrote:
Wed Feb 26, 2020 6:39 pm
After working to aggressively pay down our mortgage for the last five years, we finally paid it off this morning. :D 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.
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.

Silence Dogood
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Re: Our mortgage is GONE!

Post by Silence Dogood » Wed Feb 26, 2020 6:46 pm

Congratulations, willthrill81! :happy

Take time to celebrate with your family!

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Mountain Doc
Posts: 116
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Location: Life Elevated

Re: Our mortgage is GONE!

Post by Mountain Doc » Wed Feb 26, 2020 6:46 pm

Congratulations! That is quite a milestone and something to be celebrated.

RubyTuesday
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Joined: Fri Oct 19, 2012 11:24 am

Re: Our mortgage is GONE!

Post by RubyTuesday » Wed Feb 26, 2020 6:48 pm

Congrats!
“Doing nothing is better than being busy doing nothing.” – Lao Tzu

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