Author Topic: Millionaire by my 40th birthday?  (Read 1962 times)

clairebonk

  • 5 O'Clock Shadow
  • *
  • Posts: 39
  • Location: Walnut Creek, CA
  • Off-and-on FIREing
Millionaire by my 40th birthday?
« on: September 07, 2017, 04:38:51 PM »
I turn 40 in a few months and my (actually our, I have a partner) Net Worth according to mint.com is $985,709.65.

A lot of it is inflated zillow estimates of our 2 properties. However, I find some satisfaction knowing that number will be around $1M on my 40th birthday. I will probably celebrate by going camping.

My partner and I are in a little bit of a holding pattern because we could sell everything and FIRE to LCOL area, but we don't know where that is and we don't know what we would do. We would both want to side-hustle to keep busy and grow our emergency fund, we are both innovative hard working people. But we are having a hard time imagining the future. We would like to FIRE where we live but that would mean an extra 5 years. Which doesn't sound so bad, so that's probably what we'll do barring a decision.




brooklynmoney

  • Bristles
  • ***
  • Posts: 316
Re: Millionaire by my 40th birthday?
« Reply #1 on: September 07, 2017, 04:41:15 PM »
Congrats!! A nice gift to yourself . . . Freedom! I'm the same about not knowing where to want to go or what to do post-work. It's a big decision.

clairebonk

  • 5 O'Clock Shadow
  • *
  • Posts: 39
  • Location: Walnut Creek, CA
  • Off-and-on FIREing
Re: Millionaire by my 40th birthday?
« Reply #2 on: September 07, 2017, 05:10:03 PM »
Thanks! Brooklyn seems like a hard place to leave, in that it is so awesome. I feel that way about the Bay Area.

Raskolnikov

  • 5 O'Clock Shadow
  • *
  • Posts: 10
Re: Millionaire by my 40th birthday?
« Reply #3 on: September 08, 2017, 09:12:17 PM »
What a great feeling!

Beach_Stache

  • 5 O'Clock Shadow
  • *
  • Posts: 74
    • This Frugal Father
Re: Millionaire by my 40th birthday?
« Reply #4 on: September 09, 2017, 06:28:39 AM »
Great job!  The feeling must be nice!  I actually have that same goal for our family, to be a 1 Millionaire by the time I reach 40!  I have about 2.5 years, but according to the calculations we'll be close!  I plan to celebrate by taking a day off with my DW while our 3 boys are in school and have a cheap "Millionaire Club Breakfast", or probably coffee :)
Frugal Father Blog - thisfrugalfather.blogspot.com

soccerluvof4

  • Magnum Stache
  • ******
  • Posts: 2567
  • Location: Artic Midwest
  • Retired at 50
Re: Millionaire by my 40th birthday?
« Reply #5 on: September 09, 2017, 08:39:32 AM »
First is the hardest congrats!!
" In life you don't get what you deserve you get what you negotiate"

ManlyFather

  • 5 O'Clock Shadow
  • *
  • Posts: 20
    • Manly Father
Re: Millionaire by my 40th birthday?
« Reply #6 on: September 09, 2017, 10:38:44 AM »
That's awesome news, congrats!

Maya

  • Stubble
  • **
  • Posts: 199
  • Location: Canada
Re: Millionaire by my 40th birthday?
« Reply #7 on: September 09, 2017, 11:36:05 AM »
Congrats! That's awesome.

My stretch goal as well. Have a little over 3 years to go and about 1.5 times our yearly income to save so have to hope our investments do really well or house value goes up a lot (not likely)

Carrie

  • Bristles
  • ***
  • Posts: 296
Re: Millionaire by my 40th birthday?
« Reply #8 on: September 09, 2017, 05:04:01 PM »
Congratulations!  My 40th was this year and we celebrated by paying off the house. :) love when those milestone birthdays and financial goals converge.

marty998

  • Magnum Stache
  • ******
  • Posts: 4712
  • Location: Sydney, Oz
Re: Millionaire by my 40th birthday?
« Reply #9 on: September 09, 2017, 05:06:57 PM »
Congrats... I guess it's now time to work on imagining and planning for the next stage :)

moof

  • Bristles
  • ***
  • Posts: 351
  • Location: Beaver Town Orygun
Re: Millionaire by my 40th birthday?
« Reply #10 on: September 09, 2017, 10:16:49 PM »
Nicely done!  I had my 40th this year and was at about 800k total, so a few years behind you.

clarkfan1979

  • Handlebar Stache
  • *****
  • Posts: 1472
  • Age: 38
  • Location: Kauai & Denver
Re: Millionaire by my 40th birthday?
« Reply #11 on: September 10, 2017, 06:39:46 PM »
Nice work. I'm 21 months away from my 40th and I'm only at 500K. I should be around 600-650K on my 40th. However, I did 7 years of full-time grad school so I got a little bit of a late start. I think I should hit it by 45.

dude

  • Handlebar Stache
  • *****
  • Posts: 1789
Re: Millionaire by my 40th birthday?
« Reply #12 on: September 11, 2017, 08:16:10 AM »
Congrats!

dreams_and_discoveries

  • Pencil Stache
  • ****
  • Posts: 592
  • Location: London, UK
Re: Millionaire by my 40th birthday?
« Reply #13 on: September 11, 2017, 12:10:47 PM »
Congrats, well done.

Like a few others, I'm hoping to also hit this milestone combo in a few years,,

clairebonk

  • 5 O'Clock Shadow
  • *
  • Posts: 39
  • Location: Walnut Creek, CA
  • Off-and-on FIREing
Re: Millionaire by my 40th birthday?
« Reply #14 on: September 11, 2017, 06:36:48 PM »
Thanks for the congrats, everyone. The mustachian community is amazing.

savedough

  • 5 O'Clock Shadow
  • *
  • Posts: 84
Re: Millionaire by my 40th birthday?
« Reply #15 on: September 15, 2017, 11:47:18 AM »
This is our goal as well, only by my husbands's 40th birthday(not mine since I am a bit younger than him).


I'd really LOVE to have my house paid off by my 40th birthday, but to do that I would have to stop maxing out our tax-advantaged accounts and I just can't seem to pull the trigger on that (because: math).  But what awesome birthday presents for us - $1M for him and a paid for house for me!