Post your Financial Milestone Announcements Here

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ship_at_sea
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Re: Post your Financial Milestone Announcements Here

Post by ship_at_sea »

Hit $700K after close last Friday. Nearly doubled over the last 2 years.
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

baptpich wrote: Fri Jun 04, 2021 10:28 am Hi everyone,
first post on the Bogleheads forum for me :)
I'm 29 and just crossed 1/2 million $ this week, I started investing and reading about finance in January 2020 as I moved to the US (bay area) from Europe.
Hoping to join the 2 commas club before end of 2023 :sharebeer
Welcome to the forum, and congratulations :D
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

ship_at_sea wrote: Mon Jun 07, 2021 5:11 pm Hit $700K after close last Friday. Nearly doubled over the last 2 years.
That is just great. Congratulations!
It's a GREAT day to be alive! - Travis Tritt
tony_roach
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Re: Post your Financial Milestone Announcements Here

Post by tony_roach »

tony_roach wrote: Mon Aug 17, 2020 7:19 pm
tony_roach wrote: Fri Oct 25, 2019 7:48 pm 2019 milestones
--Net worth surpassed $1M in Q1 2019 (including home equity)
--Investments surpassed $900K just this past week (looking forward to crossing $1M in just investments)
Update: 2020 milestones
--Net worth surpassed $1.3M in July 2020 (including home equity)
--Investments surpassed $1M in July 2020 (Friendly reminder to stay the course...I passed $900K in Oct 2019, increased to $980K in Feb 2020, went all the way down to $740K during the Covid crash. I kept investing and balance just passed $1M in Jul 2020. Great community, support, experience and knowledge from this forum!)
Update: 2021 milestones
--Net worth $1.84M thru early June (including home)
--Investments/Cash $1.24M thru early June
--Paid off our mortgage this week and completely debt free!
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

tony_roach wrote: Tue Jun 08, 2021 10:32 pm
tony_roach wrote: Mon Aug 17, 2020 7:19 pm
tony_roach wrote: Fri Oct 25, 2019 7:48 pm 2019 milestones
--Net worth surpassed $1M in Q1 2019 (including home equity)
--Investments surpassed $900K just this past week (looking forward to crossing $1M in just investments)
Update: 2020 milestones
--Net worth surpassed $1.3M in July 2020 (including home equity)
--Investments surpassed $1M in July 2020 (Friendly reminder to stay the course...I passed $900K in Oct 2019, increased to $980K in Feb 2020, went all the way down to $740K during the Covid crash. I kept investing and balance just passed $1M in Jul 2020. Great community, support, experience and knowledge from this forum!)
Update: 2021 milestones
--Net worth $1.84M thru early June (including home)
--Investments/Cash $1.24M thru early June
--Paid off our mortgage this week and completely debt free!
Congratulations on paying off the mortgage, and being debt free :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
EnjoyIt
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Re: Post your Financial Milestone Announcements Here

Post by EnjoyIt »

SundayMorning wrote: Wed May 05, 2021 2:04 pm Mortgage is paid off as of today! No one to share this with and my wife is rather pedestrian in her reaction.
So, I figured I would post it here. :D
Congrats...what a great feeling to surpass such a large milestone.
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
EnjoyIt
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Re: 2 Comma Club!

Post by EnjoyIt »

uwbadgers wrote: Sat May 08, 2021 6:05 am ...
2. We have cash to pay for large purchases (like the playset!). Going to Disneyworld? We have a bank account we save so the cash is there. Putting a new deck railing on our deck, the cash is on hand before doing the project. I think this mentality works well as we never get behind and are always "ahead" of things.
...
first off, congrats on your accomplishments. Looks like you have a very good strategy for enjoying your money while saving well for retirement. I think the above quoted part portrays very well how it should be done. Pay cash for toys and luxury. If you must finance, then you can't afford it.

Keep up the good work and the balance you have between enjoying and saving your money.
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
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MrBobcat
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Re: Post your Financial Milestone Announcements Here

Post by MrBobcat »

Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
That is absolutely awesome. Congratulations!
It's a GREAT day to be alive! - Travis Tritt
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MrBobcat
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Re: Post your Financial Milestone Announcements Here

Post by MrBobcat »

Stinky wrote: Thu Jun 10, 2021 11:43 am
MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
That is absolutely awesome. Congratulations!
Thank you, It's a bit weird/surreal to us. I know it's not necessarily a lot compared to the bogleheads.org peer group but in our real life family/peer groups we are definitely outliers, makes us feel a bit self-conscious even though on outward appearances they wouldn't have a clue.
jay22
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Re: Post your Financial Milestone Announcements Here

Post by jay22 »

MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
Many congrats! :sharebeer
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
Congratulations :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
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luminous
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Re: Post your Financial Milestone Announcements Here

Post by luminous »

Congratulations! That is a huge accomplishment!
55/15/30 US stock/international stock/bonds. Hope to semi-retire in 2022.
AJC408
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Re: Post your Financial Milestone Announcements Here

Post by AJC408 »

I came across this thread late but my wife and I hit $1M in January of 2021 and are now at $1.2M as of this month. I have nobody else to tell except my wife and so I'm glad I can share it here lol.

Congrats to everyone else on their milestones as well!
infotrader
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Re: Post your Financial Milestone Announcements Here

Post by infotrader »

Roth balance passed 1.6m yesterday.
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MrBobcat
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Re: Post your Financial Milestone Announcements Here

Post by MrBobcat »

AJC408 wrote: Fri Jun 11, 2021 9:28 am I came across this thread late but my wife and I hit $1M in January of 2021 and are now at $1.2M as of this month. I have nobody else to tell except my wife and so I'm glad I can share it here lol.

Congrats to everyone else on their milestones as well!
Congrats! That's how we felt too, no one else we were comfortable to tell.
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

AJC408 wrote: Fri Jun 11, 2021 9:28 am I came across this thread late but my wife and I hit $1M in January of 2021 and are now at $1.2M as of this month. I have nobody else to tell except my wife and so I'm glad I can share it here lol.

Congrats to everyone else on their milestones as well!
Congratulations on joining the two comma club :) .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
Grt2bOutdoors
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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors »

MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
Congratulations!
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
Grt2bOutdoors
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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors »

AJC408 wrote: Fri Jun 11, 2021 9:28 am I came across this thread late but my wife and I hit $1M in January of 2021 and are now at $1.2M as of this month. I have nobody else to tell except my wife and so I'm glad I can share it here lol.

Congrats to everyone else on their milestones as well!
Congratulations!
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
deltaneutral83
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Re: Post your Financial Milestone Announcements Here

Post by deltaneutral83 »

MrBobcat wrote: Thu Jun 10, 2021 12:11 pm

Thank you, It's a bit weird/surreal to us. I know it's not necessarily a lot compared to the bogleheads.org peer group but in our real life family/peer groups we are definitely outliers, makes us feel a bit self-conscious even though on outward appearances they wouldn't have a clue.
Congrats, and IMO the only number that matters is how many years of expenses you have socked away that let you live how you want. $3M net worth with $250k in expenses vs. $2M with $60k in expenses; I'd rather be the latter.
TestedTest
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Re: Post your Financial Milestone Announcements Here

Post by TestedTest »

Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
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Stinky
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Re: Post your Financial Milestone Announcements Here

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TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
That’s absolutely excellent! And that’s much more wealth than I had at the (tender) age of 26.

Please post back when you hit $100k. It will come faster than you think at the rate that you’re saving.
It's a GREAT day to be alive! - Travis Tritt
Mudpuppy
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Re: Post your Financial Milestone Announcements Here

Post by Mudpuppy »

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
If anything, we should celebrate these initial milestones more than the two-comma club milestones, because you're off to a fantastic start. When I was 26, I was still a starving graduate student adding $10k+ a year in student loans to my plate. So the fact that you're saving 40% at this age is great!
HootingSloth
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Re: Post your Financial Milestone Announcements Here

Post by HootingSloth »

Mudpuppy wrote: Fri Jun 11, 2021 1:52 pm
TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
If anything, we should celebrate these initial milestones more than the two-comma club milestones, because you're off to a fantastic start. When I was 26, I was still a starving graduate student adding $10k+ a year in student loans to my plate. So the fact that you're saving 40% at this age is great!
Yup. At 26, we were around -$250k net worth. Getting to $0 and then to $100k felt like much more important milestones than any of the later ones, and you are off to a fantastic start with a great savings rate.
Global Market Portfolio + modest tilt towards volatility (80/20->60/40 as approach FI) + modest tilt away from exchange rate risk (80% global+20% U.S. stocks; currency-hedge bonds) + tax optimization
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

Welcome to the forum :) .

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
That is an amazing savings rate.

Establishing a high savings rate is the most important investing decision you can make, congratulations.

At age 26 I was just finishing school, married, one child, with a negative net worth.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
Grt2bOutdoors
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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors »

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
Modest you say? Compared to your peers you are doing great! Congratulations! Keep chugging.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
mikejuss
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Re: Post your Financial Milestone Announcements Here

Post by mikejuss »

Mudpuppy wrote: Sun Mar 07, 2021 5:38 pm I was chatting with a co-worker in Zoom the other day, waiting for a meeting to start, when I realized I've reached a small, but important milestone. The co-worker was complaining about how another appliance had broken, and she's having difficulty working around it being broken. She was trying to figure out which credit card she could use to replace the appliance and still be able to afford the minimum payment. She said had she known this one was on its way out, she wouldn't have replaced another appliance of less critical importance that failed last month.

It made me realize that in the last year, I haven't had to bat an eye at replacing my broken microwave or TV, plus I was able to replace my parents' broken laundry machines. I didn't have to budget to replace my tires either. I just replaced them and paid off the credit card at the end of the month. It's truly a freeing, and rather rare milestone in comparison to the average American (probably not rare on Bogleheads though), to be able to weather these unexpected financial expenses straight out of cash reserves without having to play the credit game. I grew up watching my parents play the credit game, and it's a massive source of stress that I don't have in my life.

It's a small milestone, but still one to be acknowledged and celebrated, particularly for the younger Bogleheads like myself that are nowhere near the millionaire's club or paying off their mortgage.
It's sometimes the small things that mean the most. Well done, Mudpuppy.
Sam_78
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Re: Post your Financial Milestone Announcements Here

Post by Sam_78 »

Busy year tuning up the finances!
Age 42 earning 130k, DW 10k. 2 kids under 10.
Trying to hit 25% savings rate. YNAB.
Assets passed 1m this year.
First year on track to fully fund 457 and IRAs.
Investments + pension refund passed 500k.
Net worth at 850k. Present value of future pension benefits included raises this to 1.7m
Term life acquired, will created.

Wife’s contracting work is picking up speed working with a great company and I expect she will soon be earning mid to high 5 figures. The present AND future is looking good. Cheers to you Bogleheads for the advice and inspiration.
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dratkinson
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Re: Post your Financial Milestone Announcements Here

Post by dratkinson »

TestedTest wrote: Fri Jun 11, 2021 1:16 pm Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed.
At 26 I was living paycheck to paycheck, working full time, and going to school part time. My epiphany didn't come until many (many,...) years later.

You are so far ahead of the power curve as to be unbelievable. Just wait until next year... and the years to come.

At your current savings rate, and assuming 7%/yr market return, you'll hit $500K in 11 more years (=NPER(0.07,-25000,-50000,500000,0)), and $1M in 18 more years (=NPER(0.07,-25000,-50000,1000000,0)).

Unless you advance in your career and begin saving/investing more annually... in which case your milestones will come more quickly. :)

Congratulations!


Suggested library books. (What I wish I'd known at your age.)
--The Only Investment Guide You'll Every Need, Tobias. General personal finance topics.
--The Bogleheads' Guide to Investing. Retirement investing "how to".
--Date... or Soul Mate, Warren. To ensure you avoid the expense of a bad relationship, marriage, divorce.

Welcome.
d.r.a., not dr.a. | I'm a novice investor, you are forewarned.
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