Post your Financial Milestone Announcements Here

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Jimsad
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Re: Post your Financial Milestone Announcements Here

Post by Jimsad »

Emptykeg wrote: Sat Apr 17, 2021 8:53 pm Went over 12 million in net worth last week. My plan was to get there by 55 years old but thanks to this crazy bull market, got there right before turning 50 this summer. My plan was to retire at 55. Now I’m wondering if 50 sounds better.
That’s great
Just curious ; how much of that is liquid?
Emptykeg
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Re: Post your Financial Milestone Announcements Here

Post by Emptykeg »

Jimsad wrote: Sun Apr 18, 2021 12:34 pm
Emptykeg wrote: Sat Apr 17, 2021 8:53 pm Went over 12 million in net worth last week. My plan was to get there by 55 years old but thanks to this crazy bull market, got there right before turning 50 this summer. My plan was to retire at 55. Now I’m wondering if 50 sounds better.
That’s great
Just curious ; how much of that is liquid?
~9.5mm in taxable account (70:30 equities:bonds)
~2.5mm in retirement (401k and Roth)

Does not include house or 529.
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calvin+hobbes
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Re: Post your Financial Milestone Announcements Here

Post by calvin+hobbes »

EnjoyIt wrote: Sun Apr 18, 2021 8:45 am
That’s great. Congrats on your success. I have had similar luck thanks to WCI (White Coat Investor) and this forum.

Years ago back when I was completely clueless, my accountant tried to sell me a whole life policy, funding it at $50k a year. I didn’t fully understand whole life and I told myself that if I am going buy something that expensive ($50k/yr) I need to be able to understand it well enough so that I can explain it to my spouse. After all the salesman made it sound like it was the best thing on earth.

Luckily a few months earlier White coat investor wrote an article about such products and how bad they really are. This threw me into the realization that people are out to rob me and I need to learn this stuff on my own. Between his blog and this forum, less than 10 years later we are now financially independent.

I have over the years taught personal finance to residents as well. Covid has put a hamper on things but I would like to get back into it soon.
Thank you, I really appreciate it. Physicians are such easy targets, as you know. And our pride can get in our way too. Now that you've reached FI, have you slowed down at all or come up with a timeline for retirement?
ruralavalon wrote: Sun Apr 18, 2021 10:28 am Congratulations on joining the two comma club :) .
Thanks!
Stinky wrote: Sat Apr 17, 2021 2:03 pm
Congratulations on hitting $1 million.

And maybe more importantly, thank you for passing on your financial knowledge to the residents. So many young docs are sold junk products like whole life. Getting “straight” financial information from someone like you will help them out immeasurably.

Once again, congrats!
Thanks very much, I appreciate your consistent positivity and encouragement throughout this thread.
EnjoyIt
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Re: Post your Financial Milestone Announcements Here

Post by EnjoyIt »

calvin+hobbes wrote: Sun Apr 18, 2021 8:17 pm
EnjoyIt wrote: Sun Apr 18, 2021 8:45 am
That’s great. Congrats on your success. I have had similar luck thanks to WCI (White Coat Investor) and this forum.

Years ago back when I was completely clueless, my accountant tried to sell me a whole life policy, funding it at $50k a year. I didn’t fully understand whole life and I told myself that if I am going buy something that expensive ($50k/yr) I need to be able to understand it well enough so that I can explain it to my spouse. After all the salesman made it sound like it was the best thing on earth.

Luckily a few months earlier White coat investor wrote an article about such products and how bad they really are. This threw me into the realization that people are out to rob me and I need to learn this stuff on my own. Between his blog and this forum, less than 10 years later we are now financially independent.

I have over the years taught personal finance to residents as well. Covid has put a hamper on things but I would like to get back into it soon.
Thank you, I really appreciate it. Physicians are such easy targets, as you know. And our pride can get in our way too. Now that you've reached FI, have you slowed down at all or come up with a timeline for retirement?
We ARE such easy targets. It's such a shame. We are trusting and think people around us are doing right by us as we would do right by our patients and colleagues. We fall for the ego boost of salespeople that tell us we are somehow special and we need complex financial products for our success. Add in the fact that we work so many hours, we just don't think we have any more time in the day to learn about personal finance. Easy targets indeed.

To answer your question, my spouse and I cut back to part time when we were at about 23x a few years back. We both work part time. Doing so has given us some new life and joy at our jobs. Even the most difficult days are not that bad because odds are, the next day, or the day after is the start of another long weekend. The markets have been good to us and we hit 25x shortly after going part time. Since we are still employed, we decided to increase our spending on some one off luxuries while still keeping what would be 25x. As an example, if our nest egg goes up $250k, we can therefor comfortably spend an extra $10k/yr. It is not that precise on the math, but you get the idea. The reason we are following this pathway is because we never, ever want to feel handcuffed to our jobs because we need the money. We can walk away at any moment and never look back. One day, we will do just that.
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
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fortfun
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My very first post, almost 5 years ago today!

Post by fortfun »

[Thread merged into here --admin LadyGeek]

Boy have I come a long way since then! I've added another comma to my net worth and retirement at age 50 is looking good.
Thanks Bogleheads!
Struggling with Bogle Philosophy
Okay, so I know that I should choose this stock (from Fidelity): Spartan® 500 Index Fund - Institutional Class (FXSIX) Stock Large Blend 3.14% 1.77% 11.79% 11.55% 10yr 6.98% FEE 0.04% 0.05% 5 out of 5 stars 1,398 Rated Why shouldn't I choose this stock instead? It seems like the obvious choice. The ...
viewtopic.php?f=1&t=189566&p=2876284#p2876284
relativeratio
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Re: My very first post, almost 5 years ago today!

Post by relativeratio »

Congratulations!! Awesome accomplishment!! Comma placements are important!! :sharebeer
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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek »

I merged fortfun's thread into the ongoing discussion. The combined thread is in the US Chapters (community) forum.

Congrats! :beer
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Stinky
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Re: My very first post, almost 5 years ago today!

Post by Stinky »

fortfun wrote: Sun Apr 18, 2021 10:30 pm [Thread merged into here --admin LadyGeek]

Boy have I come a long way since then! I've added another comma to my net worth and retirement at age 50 is looking good.
Thanks Bogleheads!
Struggling with Bogle Philosophy
Okay, so I know that I should choose this stock (from Fidelity): Spartan® 500 Index Fund - Institutional Class (FXSIX) Stock Large Blend 3.14% 1.77% 11.79% 11.55% 10yr 6.98% FEE 0.04% 0.05% 5 out of 5 stars 1,398 Rated Why shouldn't I choose this stock instead? It seems like the obvious choice. The ...
viewtopic.php?f=1&t=189566&p=2876284#p2876284
I did click back on your first post. You got some excellent responses to your "newbie" question, and I trust that they have helped you on your investment journey.

Congratulations on your five years on the Forum! Please keep reading, posting, and contributing!
It's a GREAT day to be alive! - Travis Tritt
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TheTimeLord
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Re: My very first post, almost 5 years ago today!

Post by TheTimeLord »

relativeratio wrote: Mon Apr 19, 2021 3:59 am Congratulations!! Awesome accomplishment!! Comma placements are important!! :sharebeer
Unless you are in Europe.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
Jimsad
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Re: Post your Financial Milestone Announcements Here

Post by Jimsad »

Emptykeg wrote: Sun Apr 18, 2021 3:04 pm
Jimsad wrote: Sun Apr 18, 2021 12:34 pm
Emptykeg wrote: Sat Apr 17, 2021 8:53 pm Went over 12 million in net worth last week. My plan was to get there by 55 years old but thanks to this crazy bull market, got there right before turning 50 this summer. My plan was to retire at 55. Now I’m wondering if 50 sounds better.
That’s great
Just curious ; how much of that is liquid?
~9.5mm in taxable account (70:30 equities:bonds)
~2.5mm in retirement (401k and Roth)

Does not include house or 529.
Awesome 👏 very inspiring! I am sure you worked very hard !
Emptykeg
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Re: Post your Financial Milestone Announcements Here

Post by Emptykeg »

Jimsad wrote: Mon Apr 19, 2021 7:27 am
Emptykeg wrote: Sun Apr 18, 2021 3:04 pm
Jimsad wrote: Sun Apr 18, 2021 12:34 pm
Emptykeg wrote: Sat Apr 17, 2021 8:53 pm Went over 12 million in net worth last week. My plan was to get there by 55 years old but thanks to this crazy bull market, got there right before turning 50 this summer. My plan was to retire at 55. Now I’m wondering if 50 sounds better.
That’s great
Just curious ; how much of that is liquid?
~9.5mm in taxable account (70:30 equities:bonds)
~2.5mm in retirement (401k and Roth)

Does not include house or 529.
Awesome 👏 very inspiring! I am sure you worked very hard !
Thanks!
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fortfun
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Re: My very first post, almost 5 years ago today!

Post by fortfun »

Stinky wrote: Mon Apr 19, 2021 6:37 am
fortfun wrote: Sun Apr 18, 2021 10:30 pm [Thread merged into here --admin LadyGeek]

Boy have I come a long way since then! I've added another comma to my net worth and retirement at age 50 is looking good.
Thanks Bogleheads!
Struggling with Bogle Philosophy
Okay, so I know that I should choose this stock (from Fidelity): Spartan® 500 Index Fund - Institutional Class (FXSIX) Stock Large Blend 3.14% 1.77% 11.79% 11.55% 10yr 6.98% FEE 0.04% 0.05% 5 out of 5 stars 1,398 Rated Why shouldn't I choose this stock instead? It seems like the obvious choice. The ...
viewtopic.php?f=1&t=189566&p=2876284#p2876284
I did click back on your first post. You got some excellent responses to your "newbie" question, and I trust that they have helped you on your investment journey.

Congratulations on your five years on the Forum! Please keep reading, posting, and contributing!
Thanks Stinky! I have benefited, many times, from your wisdom!
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Darth Xanadu
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Re: Post your Financial Milestone Announcements Here

Post by Darth Xanadu »

I've been tracking personal financial stats since 2015. Kind of a weird milestone, but my CAGR (compounded annual growth rate) on investable assets to date is >20%.

While that kind of trajectory is not likely sustainable for me (I sold my house in 2019, which had a pretty big impact on this calculation), it's fun to think about future scenarios in which that kind of success continues.


More importantly, I've come to realize that it's hard to overstate the value of a community like this. The benefit of free education (no membership fees), free guidance (no ads), and a generally nontoxic environment (thanks mods!) in which to vet a wide range of opinions is...well....hard to overstate.

Today is the first time I've donated to this site, but I strongly feel it's been long overdue. Perhaps others that post significant financial milestones and have also benefited or otherwise enjoyed the BH community might do the same. :beer

Peace,
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SGM
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Re: Post your Financial Milestone Announcements Here

Post by SGM »

I have been retired 7 years. I have multiple income streams in retirement. I decided to leave more funds in my checking account rather than invest it.
The idea is to spend more. My portfolio has more than doubled since retirement.
nepats
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Re: Post your Financial Milestone Announcements Here

Post by nepats »

Darth Xanadu wrote: Tue Apr 20, 2021 11:51 pm
More importantly, I've come to realize that it's hard to overstate the value of a community like this. The benefit of free education (no membership fees), free guidance (no ads), and a generally nontoxic environment (thanks mods!) in which to vet a wide range of opinions is...well....hard to overstate.
Well said!
majiaknight
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Re: Post your Financial Milestone Announcements Here

Post by majiaknight »

majiaknight wrote: Thu Aug 27, 2020 5:01 pm Reached another big milestone in our late-30s. Didn't realize the market had recovered so quickly since the March crash. The 2nd million is indeed much easier :beer .
Projected time to reach the 4th milestone by the end of 2024 as we just refinanced mortgage from 5/1 ARM to 15Y fixed @2.875% (just before the March crash :oops: ) and DW wanted to further accelerate the payoff.
  • (04/12/2017) 1st milestone - $1 million counting home equity.
    (03/02/2019) 2nd milestone - $1 million in investable assets, ignoring home equity.
    (05/29/2020) 3rd milestone - $2 million if I start counting home equity again!
    4th milestone - $2 million in investable assets, ignoring home equity
    Ultimate milestone - $5 million overall assets (FIRE)!!
The past year was really strange as my family got the biggest financial reward from market return and changed jobs during the pandemic. :confused Last Dec I got a big annual bonus as my industry actually benefited from the pandemic caused WFH. DW accepted a nice FAANG job offer with a big sign-on cash bonus and RSU. We refinanced our mortgage to a 15y fixed @2% so no desire to accelerate the payoff. As a result we reach the 4th milestone three years ahead! No predictions any more. :beer
  • (04/12/2017) 1st milestone - $1 million counting home equity.
    (03/02/2019) 2nd milestone - $1 million in investable assets, ignoring home equity.
    (05/29/2020) 3rd milestone - $2 million if I start counting home equity again!
    (04/24/2021) 4th milestone - $2 million in investable assets, ignoring home equity
    Ultimate milestone - $5 million overall assets (FIRE)!!
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Stinky
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

majiaknight wrote: Sat Apr 24, 2021 2:12 pm The past year was really strange as my family got the biggest financial reward from market return and changed jobs during the pandemic. :confused Last Dec I got a big annual bonus as my industry actually benefited from the pandemic caused WFH. DW accepted a nice FAANG job offer with a big sign-on cash bonus and RSU. We refinanced our mortgage to a 15y fixed @2% so no desire to accelerate the payoff. As a result we reach the 4th milestone three years ahead! No predictions any more. :beer
  • (04/12/2017) 1st milestone - $1 million counting home equity.
    (03/02/2019) 2nd milestone - $1 million in investable assets, ignoring home equity.
    (05/29/2020) 3rd milestone - $2 million if I start counting home equity again!
    (04/24/2021) 4th milestone - $2 million in investable assets, ignoring home equity
    Ultimate milestone - $5 million overall assets (FIRE)!!
Congratulations! Doubling your invested assets in just over two years is pretty awesome.

Keep on investing prudently. And please post back when you make your next million. :moneybag
It's a GREAT day to be alive! - Travis Tritt
Patty
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Re: Post your Financial Milestone Announcements Here

Post by Patty »

majiaknight wrote: Sat Apr 24, 2021 2:12 pm
majiaknight wrote: Thu Aug 27, 2020 5:01 pm Reached another big milestone in our late-30s. Didn't realize the market had recovered so quickly since the March crash. The 2nd million is indeed much easier :beer .
Projected time to reach the 4th milestone by the end of 2024 as we just refinanced mortgage from 5/1 ARM to 15Y fixed @2.875% (just before the March crash :oops: ) and DW wanted to further accelerate the payoff.
  • (04/12/2017) 1st milestone - $1 million counting home equity.
    (03/02/2019) 2nd milestone - $1 million in investable assets, ignoring home equity.
    (05/29/2020) 3rd milestone - $2 million if I start counting home equity again!
    4th milestone - $2 million in investable assets, ignoring home equity
    Ultimate milestone - $5 million overall assets (FIRE)!!
The past year was really strange as my family got the biggest financial reward from market return and changed jobs during the pandemic. :confused Last Dec I got a big annual bonus as my industry actually benefited from the pandemic caused WFH. DW accepted a nice FAANG job offer with a big sign-on cash bonus and RSU. We refinanced our mortgage to a 15y fixed @2% so no desire to accelerate the payoff. As a result we reach the 4th milestone three years ahead! No predictions any more. :beer
  • (04/12/2017) 1st milestone - $1 million counting home equity.
    (03/02/2019) 2nd milestone - $1 million in investable assets, ignoring home equity.
    (05/29/2020) 3rd milestone - $2 million if I start counting home equity again!
    (04/24/2021) 4th milestone - $2 million in investable assets, ignoring home equity
    Ultimate milestone - $5 million overall assets (FIRE)!!
Congratulations!
stuper1
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Re: Post your Financial Milestone Announcements Here

Post by stuper1 »

We joined the two comma club as of this week! That's just in our investment portfolio. Home equity adds another $300k. I know this is small potatoes around here, but I have nobody else to tell. Thanks to all of you for providing good advice!
26% US large cap, 26% US small-cap value, 15% long-term Treasuries, 15% short-term Treasuries, 18% gold
Normchad
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Re: Post your Financial Milestone Announcements Here

Post by Normchad »

stuper1 wrote: Sat Apr 24, 2021 6:35 pm We joined the two comma club as of this week! That's just in our investment portfolio. Home equity adds another $300k. I know this is small potatoes around here, but I have nobody else to tell. Thanks to all of you for providing good advice!
Congratulations! That’s fantastic news!
binvesting
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Re: Post your Financial Milestone Announcements Here

Post by binvesting »

Mid-late 30s, reached 1mil investable assets this Feb; adding home equity makes total networth 1.5mil.
been sharing our milestones with spouse so far, so this is a nice place to share, as I have learnt so much from here, and owe a lot to the collective knowledge of this forum.
3mil investments + home will give us financial independence, so hoping for the best.
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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

stuper1 wrote: Sat Apr 24, 2021 6:35 pm We joined the two comma club as of this week! That's just in our investment portfolio. Home equity adds another $300k. I know this is small potatoes around here, but I have nobody else to tell. Thanks to all of you for providing good advice!
binvesting wrote: Sat Apr 24, 2021 7:28 pm Mid-late 30s, reached 1mil investable assets this Feb; adding home equity makes total networth 1.5mil.
been sharing our milestones with spouse so far, so this is a nice place to share, as I have learnt so much from here, and owe a lot to the collective knowledge of this forum.
3mil investments + home will give us financial independence, so hoping for the best.
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
EnjoyIt
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Re: Post your Financial Milestone Announcements Here

Post by EnjoyIt »

This week I ran our numbers and we hit our 3rd tier of financial independence. This tier includes covering private college expenses for the kids, a nice travel/discretionary budget and covering healthcare without subsidies. This was a very big deal for us. As of this week we don't need to make any more money. All of our needs as well as most of our wants are covered.

We still have a 4th and final tier which adds extravagance to the budget. I doubt we will get there, but who knows. We are in our 40s and still working part time....for now.

Glad I can share this with someone.
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
jarjarM
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Re: Post your Financial Milestone Announcements Here

Post by jarjarM »

EnjoyIt wrote: Mon Apr 26, 2021 9:05 am This week I ran our numbers and we hit our 3rd tier of financial independence. This tier includes covering private college expenses for the kids, a nice travel/discretionary budget and covering healthcare without subsidies. This was a very big deal for us. As of this week we don't need to make any more money. All of our needs as well as most of our wants are covered.

We still have a 4th and final tier which adds extravagance to the budget. I doubt we will get there, but who knows. We are in our 40s and still working part time....for now.

Glad I can share this with someone.
Congrats, so how many hours for your part time work? We're in between our 3rd and 4th stage of FI as well and trying to determine if going part time is a viable path forward.
EnjoyIt
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Re: Post your Financial Milestone Announcements Here

Post by EnjoyIt »

jarjarM wrote: Mon Apr 26, 2021 1:31 pm
EnjoyIt wrote: Mon Apr 26, 2021 9:05 am This week I ran our numbers and we hit our 3rd tier of financial independence. This tier includes covering private college expenses for the kids, a nice travel/discretionary budget and covering healthcare without subsidies. This was a very big deal for us. As of this week we don't need to make any more money. All of our needs as well as most of our wants are covered.

We still have a 4th and final tier which adds extravagance to the budget. I doubt we will get there, but who knows. We are in our 40s and still working part time....for now.

Glad I can share this with someone.
Congrats, so how many hours for your part time work? We're in between our 3rd and 4th stage of FI as well and trying to determine if going part time is a viable path forward.
We work 2-3 days a week depending on what is needed at work. Generally, I prefer part time 2 days a week as does my spouse. It is nice having a long weekend every week and makes the undesirable parts of work, not so bad.
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
jarjarM
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Re: Post your Financial Milestone Announcements Here

Post by jarjarM »

EnjoyIt wrote: Mon Apr 26, 2021 1:36 pm
We work 2-3 days a week depending on what is needed at work. Generally, I prefer part time 2 days a week as does my spouse. It is nice having a long weekend every week and makes the undesirable parts of work, not so bad.
That's good to know, thanks for the info. :beer
jaqenhghar
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Re: Post your Financial Milestone Announcements Here

Post by jaqenhghar »

EnjoyIt wrote: Mon Apr 26, 2021 1:36 pm
jarjarM wrote: Mon Apr 26, 2021 1:31 pm
EnjoyIt wrote: Mon Apr 26, 2021 9:05 am This week I ran our numbers and we hit our 3rd tier of financial independence. This tier includes covering private college expenses for the kids, a nice travel/discretionary budget and covering healthcare without subsidies. This was a very big deal for us. As of this week we don't need to make any more money. All of our needs as well as most of our wants are covered.

We still have a 4th and final tier which adds extravagance to the budget. I doubt we will get there, but who knows. We are in our 40s and still working part time....for now.

Glad I can share this with someone.
Congrats, so how many hours for your part time work? We're in between our 3rd and 4th stage of FI as well and trying to determine if going part time is a viable path forward.
We work 2-3 days a week depending on what is needed at work. Generally, I prefer part time 2 days a week as does my spouse. It is nice having a long weekend every week and makes the undesirable parts of work, not so bad.
If you don't mind sharing, I'd be curious to know what field you work in that allows 2-3 days/wk!
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willthrill81
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
Normchad
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Re: Post your Financial Milestone Announcements Here

Post by Normchad »

willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home (which has nearly doubled in value over the last 6 years :shock: ).

Next stop, two commas in our portfolio!
Congratulations WillThrill! You are a prolific and fantastic poster; in addition to your own success, you’re helping so many others succeed as well.

Keep up all the good work!
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willthrill81
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

Normchad wrote: Tue Apr 27, 2021 9:31 pm
willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home (which has nearly doubled in value over the last 6 years :shock: ).

Next stop, two commas in our portfolio!
Congratulations WillThrill! You are a prolific and fantastic poster; in addition to your own success, you’re helping so many others succeed as well.

Keep up all the good work!
Thanks for the kind words. :beer
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
jarjarM
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Re: Post your Financial Milestone Announcements Here

Post by jarjarM »

willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congrats, welcome to the 2 comma club, I hope you feel just a bit different :P :beer Thanks for all your contribution to the forum.
Marseille07
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Re: Post your Financial Milestone Announcements Here

Post by Marseille07 »

willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congrats Will! I always enjoy arguing, I mean discussing SWR with you and geerhardusvos :beer
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willthrill81
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

jarjarM wrote: Tue Apr 27, 2021 9:37 pm
willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congrats, welcome to the 2 comma club, I hope you feel just a bit different :P :beer Thanks for all your contribution to the forum.
Thanks for the kind words. In fact, I do feel a little differently. Maybe it was the steak dinner we had tonight! :D
Last edited by willthrill81 on Tue Apr 27, 2021 9:51 pm, edited 1 time in total.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
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willthrill81
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

Marseille07 wrote: Tue Apr 27, 2021 9:45 pm
willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congrats Will! I always enjoy arguing, I mean discussing SWR with you and geerhardusvos :beer
Thanks! I always enjoy our arg...dialogue! We're all here to learn and help each other out, and none of us should want a perpetual echo chamber.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
nepats
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Re: Post your Financial Milestone Announcements Here

Post by nepats »

willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congrats! Also, thanks for providing valuable insights on the forums.
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Re: Post your Financial Milestone Announcements Here

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willthrill81
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

nepats wrote: Tue Apr 27, 2021 9:50 pm
willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congrats! Also, thanks for providing valuable insights on the forums.
Thanks! And you're welcome. I want to give back to others however I can, and I believe that this forum is one means whereby maybe I can offer at least a little help to some.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
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Re: Post your Financial Milestone Announcements Here

Post by Stinky »

willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
That $1 million in your investment portfolio will come a lot faster than you might think. Congratulations on your financial achievement.

Thank you for your numerous contributions to the Forum. You are a prolific and very thoughtful member of this Community.
It's a GREAT day to be alive! - Travis Tritt
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

Stinky wrote: Tue Apr 27, 2021 9:55 pm
willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
That $1 million in your investment portfolio will come a lot faster than you might think. Congratulations on your financial achievement.

Thank you for your numerous contributions to the Forum. You are a prolific and very thoughtful member of this Community.
Thank you for the kind words. I'm hoping that with our contributions and a little continued cooperation from Mr. Market that we'll pass the $1M mark in our portfolio in about 3-4 years.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
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Re: Post your Financial Milestone Announcements Here

Post by EHEngineer »

EnjoyIt wrote: Mon Apr 26, 2021 9:05 am This week I ran our numbers and we hit our 3rd tier of financial independence. This tier includes covering private college expenses for the kids, a nice travel/discretionary budget and covering healthcare without subsidies. This was a very big deal for us. As of this week we don't need to make any more money. All of our needs as well as most of our wants are covered.

We still have a 4th and final tier which adds extravagance to the budget. I doubt we will get there, but who knows. We are in our 40s and still working part time....for now.

Glad I can share this with someone.
Congratulations on your progress! Tier 3 sounds like true financial independence. :sharebeer

Will you describe/define your tiers? I like your idea to create some intermediate milestones. Will you also give some idea of relative value? For example, if tier 1 is $X, Tier two is 1.5X or 2.1X, etc. Thanks!
Or, you can ... decline to let me, a stranger on the Internet, egg you on to an exercise in time-wasting, and you could say "I'm probably OK and I don't care about it that much." -Nisiprius
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Re: Post your Financial Milestone Announcements Here

Post by EnjoyIt »

willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congrats, what a great feeling.
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
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Re: Post your Financial Milestone Announcements Here

Post by EnjoyIt »

EHEngineer wrote: Wed Apr 28, 2021 12:13 am
EnjoyIt wrote: Mon Apr 26, 2021 9:05 am This week I ran our numbers and we hit our 3rd tier of financial independence. This tier includes covering private college expenses for the kids, a nice travel/discretionary budget and covering healthcare without subsidies. This was a very big deal for us. As of this week we don't need to make any more money. All of our needs as well as most of our wants are covered.

We still have a 4th and final tier which adds extravagance to the budget. I doubt we will get there, but who knows. We are in our 40s and still working part time....for now.

Glad I can share this with someone.
Congratulations on your progress! Tier 3 sounds like true financial independence. :sharebeer

Will you describe/define your tiers? I like your idea to create some intermediate milestones. Will you also give some idea of relative value? For example, if tier 1 is $X, Tier two is 1.5X or 2.1X, etc. Thanks!
Tier 1: X
Tier 2: 1.2x
Tier 3: 1.6x
Tier 4: 2x

Tier 4 adds what is in my opinion some extravagant luxury. As you said, Tier 3 makes us feel truly financially independent allowing us to cover all of our needs, plenty of reasonable wants with some sporadic unreasonable desires.
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congratulations :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started
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Re: Post your Financial Milestone Announcements Here

Post by willthrill81 »

EnjoyIt wrote: Wed Apr 28, 2021 7:07 am
willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congrats, what a great feeling.
ruralavalon wrote: Wed Apr 28, 2021 9:35 am
willthrill81 wrote: Tue Apr 27, 2021 9:28 pm We joined the two comma club today! This is our net worth, slightly over half of which is in our investment portfolio, and most of the rest of which is in our home. I didn't think that our home would take up such a large proportion of our net worth by this point, but its value has nearly doubled over the last 6 years. :shock:

Next stop, two commas in our portfolio!
Congratulations :D .
Thank you both! :beer
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
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Re: Post your Financial Milestone Announcements Here

Post by jambadoc »

We hit two milestones this month. Our investable assets just crested $1 million, and our net worth including house just went above $1.5 million. We're now under 100,000 for the house and hope to have it paid off within a year! Yay! As mentioned above, you guys and girls are the only ones besides my wife that I can tell.
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Re: Post your Financial Milestone Announcements Here

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jambadoc wrote: Thu Apr 29, 2021 6:00 pm We hit two milestones this month. Our investable assets just crested $1 million, and our net worth including house just went above $1.5 million. We're now under 100,000 for the house and hope to have it paid off within a year! Yay! As mentioned above, you guys and girls are the only ones besides my wife that I can tell.
That is just wonderful!

Keep up the good work.
It's a GREAT day to be alive! - Travis Tritt
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Re: Post your Financial Milestone Announcements Here

Post by GG1273 »

jambadoc wrote: Thu Apr 29, 2021 6:00 pm We hit two milestones this month. Our investable assets just crested $1 million, and our net worth including house just went above $1.5 million. We're now under 100,000 for the house and hope to have it paid off within a year! Yay! As mentioned above, you guys and girls are the only ones besides my wife that I can tell.
Congrats! The second million seemed to come a lot faster than the first ($2.3 here, without counting house)

I know what you mean about telling people. My wife and I discussed with her brother, who manages some mortgage backed mutual funds about our portfolio since we're just past 60 and wanted him to help should I die. His jaw dropped as we've had pretty modest jobs in a HCOL area.

Maybe I should've just written it down for my wife to discuss if I passed away suddenly...
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon »

jambadoc wrote: Thu Apr 29, 2021 6:00 pm We hit two milestones this month. Our investable assets just crested $1 million, and our net worth including house just went above $1.5 million. We're now under 100,000 for the house and hope to have it paid off within a year! Yay! As mentioned above, you guys and girls are the only ones besides my wife that I can tell.
Congratulations on joining the two comma club, and in nearing payoff of the mortgage :) .
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Re: Post your Financial Milestone Announcements Here

Post by stoptothink »

GG1273 wrote: Thu Apr 29, 2021 6:27 pm
jambadoc wrote: Thu Apr 29, 2021 6:00 pm We hit two milestones this month. Our investable assets just crested $1 million, and our net worth including house just went above $1.5 million. We're now under 100,000 for the house and hope to have it paid off within a year! Yay! As mentioned above, you guys and girls are the only ones besides my wife that I can tell.
Congrats! The second million seemed to come a lot faster than the first ($2.3 here, without counting house)

I know what you mean about telling people. My wife and I discussed with her brother, who manages some mortgage backed mutual funds about our portfolio since we're just past 60 and wanted him to help should I die. His jaw dropped as we've had pretty modest jobs in a HCOL area.

Maybe I should've just written it down for my wife to discuss if I passed away suddenly...
My best friend asked me last Saturday while we were on a hike. He's the one and only person I know well who has a similar money/investing ideology as I do. He was discussing the goals of him and his wife, and just wanted a benchmark. I had an internal struggle for a second because he has freely shared numbers with me over the last few years and I knew we were well ahead of them. It wasn't uncomfortable, but I guarantee he went home and had multiple discussions with his wife about it. We're doing another peak tomorrow, I'm sure it'll be discussed more.

We hit $1M in net worth about June of last year; back-of-napkin, I think we're close to $1.4M now (~$350k of that home equity). Cool to see our net worth growth approximately double our gross income over that time period. Of course, insane to expect this market growth to continue, but it's fun now.
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Re: Post your Financial Milestone Announcements Here

Post by Doc7 »

Milestone:

As of April 2021 my wife and I are putting away 25.06% of income to retirement. 24% to tax advantaged accounts and 1% to a taxable account in a TSM ETF - ostensibly a “pay off mortgage 5-10 years early fund” but may be used for college or retirement, it should be 1X or more our annual expense to bridge some time to 59.5.

We are 36 with $730K invested assets and after matches we are putting away 32% / $62K a year and suddenly I feel like retiring in 18 years, depending on our 3X kids college expenses may be a possibility!

I always believed in “save 17% for retirement.” I included company match. Then over the last 3 years I said, let’s get to 17% pre match. Then over the last 3 months, our emergency fund finished ($650/mo savings was going there to get to 4.5 months expenses), and I just hit the brakes on our 529 plans also, and cranked us from 17% to 25% over the course of about 6 weeks. Our next couple years of raises will likely go back into 529s, I was saving $350/mo per kid and now only $30/mo per kid. But they say, “you can’t take out a loan for retirement” and by the time they go to college i could very well have $3M+ and dial back retirement to assist with college via cash flow.
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