Author Topic: Stasche hit $300k for my 45th birthday!  (Read 2780 times)

tyort1

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Stasche hit $300k for my 45th birthday!
« on: March 20, 2017, 04:40:48 PM »
I can hardly believe it!  I started 2 years ago with $130k in my 401k and nothing else, and I found MMM (and a new, higher paying job).  Devoured the blog and started doing the changes pretty aggressively.  2 years later and $170k in savings/growth and holy crap does this stuff work!!!

Thank you all!
Frugalite in training.


nouveauRiche

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Re: Stasche hit $300k for my 45th birthday!
« Reply #2 on: March 20, 2017, 06:00:23 PM »
Happy birthday!  Rock on!

tarheeldan

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Re: Stasche hit $300k for my 45th birthday!
« Reply #3 on: March 20, 2017, 06:27:15 PM »
Congratulations and Happy Birthday!

Full Beard

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Re: Stasche hit $300k for my 45th birthday!
« Reply #4 on: March 20, 2017, 07:49:57 PM »
Awesome!!  Happy Birthday!!
If you don't like where you are, move.  You are not a tree.

Liberty Stache

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Re: Stasche hit $300k for my 45th birthday!
« Reply #5 on: March 21, 2017, 09:22:22 AM »
Congrats! It'll only accelerate so hold on!
"Sloth, like rust, consumes faster than labor wears, while the used key is always bright" ~Benjamin Franklin, The Way to Wealth

runewell

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Re: Stasche hit $300k for my 45th birthday!
« Reply #6 on: March 21, 2017, 12:03:06 PM »
Congrats! It already accelerated so hold on!

I fixed your quote [IFYQ]
Please leave Dicey out of this! Have you not been paying any attention? Trolls are not welcome here!

tyort1

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Re: Stasche hit $300k for my 45th birthday!
« Reply #7 on: March 21, 2017, 12:39:40 PM »
Thanks all!  It's crazy to see it go up or down in a day, more than I can contribute to it in a month :-O

And you are right, it doesn't make me want to slow down, it makes me want to step on the gas.  Woot!
Frugalite in training.

Brother Esau

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Re: Stasche hit $300k for my 45th birthday!
« Reply #8 on: March 22, 2017, 09:30:55 PM »
HBD and congrats tyort1! Enjoy the ride UP

FrozenBits

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Re: Stasche hit $300k for my 45th birthday!
« Reply #9 on: March 22, 2017, 09:47:47 PM »
Congrats! That's a huge increase over just 2 years.  Way to go!

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prognastat

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Re: Stasche hit $300k for my 45th birthday!
« Reply #10 on: March 23, 2017, 11:55:02 AM »
Congrats, with a SWR of 4% that'd already be 12k per year.

Keep it up.

tyort1

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Re: Stasche hit $300k for my 45th birthday!
« Reply #11 on: March 23, 2017, 10:15:06 PM »
Of course immediately after I posted hitting $300k, the market drops and I'm back to $297k.  Oh well.  Guess I'll just have to take my $3k tax return and dump it into my Roth and fix THAT! 
Frugalite in training.

HAPPYINAZ

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Re: Stasche hit $300k for my 45th birthday!
« Reply #12 on: March 24, 2017, 08:13:53 AM »
Outstanding!

force majeure

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Re: Stasche hit $300k for my 45th birthday!
« Reply #13 on: March 27, 2017, 03:51:22 AM »
Congrats. I would advise staying off Bogleheads website with this sort of information.
I got ridiculed when I mentioned my stash amount.
p.s. I get this from friends a lot…

"What will you do?”
"Whatever the hell I feel like doing on any given day."

tyort1

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Re: Stasche hit $300k for my 45th birthday!
« Reply #14 on: March 27, 2017, 09:36:32 AM »
Congrats. I would advise staying off Bogleheads website with this sort of information.
I got ridiculed when I mentioned my stash amount.

I don't know what that means.  ?
Frugalite in training.

prognastat

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Re: Stasche hit $300k for my 45th birthday!
« Reply #15 on: March 27, 2017, 11:04:12 AM »
Congrats. I would advise staying off Bogleheads website with this sort of information.
I got ridiculed when I mentioned my stash amount.

I don't know what that means.  ?

Bogleheads is another financial forum like here, however generally they aim for higher spending levels in retirement, a lower safe withdrawal rate(SWR) and due to those two combined factors generally a much larger stash than most on MMM or MMM himself would advocate.

For example on your 300k stash MMM and mustachios would probably congratulate on being almost half way done. Whereas on Bogleheads chances are they would maybe consider you a fifth of the way at best.

I haven't spent a large amount of time there though so I may be wrong in assuming this is what the poster meant.

tyort1

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Re: Stasche hit $300k for my 45th birthday!
« Reply #16 on: March 27, 2017, 11:36:44 AM »
Ah, so Bogleheads is more geared toward a higher spending lifestyle and thus longer working (and saving) time frames?  Or is it more for high earners like doctors/lawyers, C level employees and successful entrepreneurs? 

Either way, I think I'll stick with MMM as my main financial forum to hang out in.
Frugalite in training.

prognastat

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Re: Stasche hit $300k for my 45th birthday!
« Reply #17 on: March 27, 2017, 12:51:36 PM »
Ah, so Bogleheads is more geared toward a higher spending lifestyle and thus longer working (and saving) time frames?  Or is it more for high earners like doctors/lawyers, C level employees and successful entrepreneurs? 

Either way, I think I'll stick with MMM as my main financial forum to hang out in.

Not all of them but the general crowd seems to feel that MMM levels of frugality are too much. Due to this the focus is less on curbing spending and more on higher income and a longer working career than MMM espouses.

It is all up to your level of frugality really.

If you want to shorten your time working the most and curb as much spending as you can tolerate there is Early Retirement Extreme(ERE), if you are looking to have a middle class lifestyle while FIRE then MMM is probably your man. If you want an upper middle class or better lifestyle in FIRE then Bogleheads is probably where you want to be.