Author Topic: Race from $2M to $4M...and Beyond!  (Read 1270013 times)

LWYRUP

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Re: Race from $2M to $4M...and Beyond!
« Reply #3350 on: June 26, 2020, 09:36:08 PM »
Just calculated the amount of paid time off and vacation time I'll have including the remaining 2020 and 2021 years.  512 hours total.  Debating if that's enough freedom to stretch out 2021 or just burn it all between now and early next year.  With my schedule, I can use 24 hours of vacation time for a week off once a month.  It's like being 1/4th retired.  This is a possible strategy if 2021 is as screwed up as 2020.

I’m in a feisty mood so I’ll ask: so what’s keeping you from pulling the plug?  Do you not wish to retire? That’s really a perfectly good choice if working at what you do is what makes you happy. And it’s a reason I personally understand: I happen to like my job. The siren song of more time with family or doing something different is tempting, but I suspect I’d be happy to continue working as well.

I’m also curious as whether you think having “ a number” is helping or hurting?

It is difficult to make a decision to retire, especially if that is a one-way ticket.

It is a one way ticket.  Something I watched has helped move me along.  It's a very well done documentary of the Pacific Crest Trail.

               https://www.youtube.com/c/ElinaOsborne                     

Thats a cool vid. Looks like a fun time. I wonder if there is something analogous for us bikers?

Yes, in fact there is a biker trail that runs parallel to it.  I've never been but that's on the list for when I FIRE and the kids are older. 

itchyfeet

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Re: Race from $2M to $4M...and Beyond!
« Reply #3351 on: June 26, 2020, 09:52:52 PM »
There was a time, maybe 10 years ago that I was obsessing about hiking the PCT.

I would make my DW do 35-40km day hikes back home in Australia to see what it was like to walk so far. I tell you what, it makes you hungry! We also searched out overnight hikes for long weekends. But that had always been a part of my life.

I bought all the microlight gear and read loads of PCT trail journals. I have 4 ultra light tents. Haha.

I even had a spreadsheet with a full plan for breaks from trail and resupply points,

But at the time I just couldn’t afford to stop work. My career was at a pivotal point and I wanted to capitalise.

10 years on and the motivation is not so strong. I am certainly no longer in the shape to hike the PCT. I have really let myself go these past years.

DW and I do plan to walk the Camino, however, once we FIRE, which will be soon. A long walk of a very different type, and much shorter of course.

If that goes well, and I recover good conditioning, then maybe the drive to be in the woods for 4 months might return.

Watching that video of the PCT really rammed home to me how fleeting youth is, and I really need to find a way to accept that what we have saved is “enough” so I can pursue such epic adventures before there is no more time left.

I would love to hike the Camino with my wife.  She is having knee replacement next month.  She's tough, a former marathoner and Ironman.  Hopefully once the world is normal again the Camino is an option for her.  I plan to do a two week section of the AT in October, burning away some of that 512 hours of time I'll lhave off. I'm mentally back to attempt FIRE early next year.  Get back in shape and do the PCT 2022 with me.  I'm a slow climber coming from the Louisiana swamps.

I wouldn’t be waiting on me to get fit to chase your dreams.

And neither of us are to be relied upon with our FIRE plans as we were both class of 2019 failures, now likely class of 2020 failures and likely to make promises for 3rd time lucky in 2021.

This week sees my DW quitting her job this year, semi- repatriating in December when I was meant to FIRE. For 2021 she would share her time between Sydney amd Dubai. She would keep some casual PT work in both cities and generally be more available to help her parents back home. Meanwhile I’ll prob keep chipping away with the savings till June or potentially even December next year, and will take my leave in Australia so DW and I aren’t apart too much.... I built a spreadsheet calendar  amd we think it could be a good compromise haha........ but the plans change weekly so who knows.

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #3352 on: June 27, 2020, 06:08:31 AM »
I want to do the Camino, too!
You and Bateaux have been around long enough to remember that ARS and Ali did this right after they hit FIRE and before they had their three kids. In fact, Ali was pregnant with thrir first when they made their pilgrimage. What a badass! Shirley MacLaine also did it and wrote a book about it. I have no idea if it's any good, but I found a copy for a buck at a library book sale. One day I might get around to actually reading it. It's probably worth a look.

Buffaloski Boris

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Re: Race from $2M to $4M...and Beyond!
« Reply #3353 on: June 27, 2020, 06:32:56 AM »

Thats a cool vid. Looks like a fun time. I wonder if there is something analogous for us bikers?
Yes, in fact there is a biker trail that runs parallel to it.  I've never been but that's on the list for when I FIRE and the kids are older.
Oh that's bad news.  Like really, really bad news.  Like that might make it on my to do list bad news.   Thanks for the tip.  (I think.)   

Dancin'Dog

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Re: Race from $2M to $4M...and Beyond!
« Reply #3354 on: June 27, 2020, 07:41:48 AM »

Thats a cool vid. Looks like a fun time. I wonder if there is something analogous for us bikers?
Yes, in fact there is a biker trail that runs parallel to it.  I've never been but that's on the list for when I FIRE and the kids are older.
Oh that's bad news.  Like really, really bad news.  Like that might make it on my to do list bad news.   Thanks for the tip.  (I think.)


I'd like to do the motorcycle version.  :)

flyingaway

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Re: Race from $2M to $4M...and Beyond!
« Reply #3355 on: June 27, 2020, 09:00:38 AM »
I want to do the Camino, too!
You and Bateaux have been around long enough to remember that ARS and Ali did this right after they hit FIRE and before they had their three kids. In fact, Ali was pregnant with thrir first when they made their pilgrimage. What a badass! Shirley MacLaine also did it and wrote a book about it. I have no idea if it's any good, but I found a copy for a buck at a library book sale. One day I might get around to actually reading it. It's probably worth a look.

This will be on my list. One of my feet seems to give me some problem these days and the doctor could not find what is wrong with it.

Fomerly known as something

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Re: Race from $2M to $4M...and Beyond!
« Reply #3356 on: June 30, 2020, 01:56:11 PM »
I’ve done some inn to inn hiking already, El Camino will be on my post RE list.  Likely the extended version as well.  (Starting farther East in Europe TBD at this time.

Taran Wanderer

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Re: Race from $2M to $4M...and Beyond!
« Reply #3357 on: June 30, 2020, 05:37:59 PM »
I'm taking the week off.  Finishing some projects around the house and starting on a new big one.  If this is the FIRE life, I might be able to get used to it...

Herbert Derp

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Re: Race from $2M to $4M...and Beyond!
« Reply #3358 on: July 01, 2020, 09:27:21 PM »
Well, 2020 is officially halfway over. Up $927K for the year! What will happen in the second half?

Spoiler: show
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
07/07/2019: $1,519,162.03
12/14/2019: $1,628,320.78
01/01/2020: $1,705,284.27
02/02/2020: $1,838,397.87
02/13/2020: $1,961,653.87
02/19/2020: $2,000,505.43
04/14/2020: $2,002,087.12
05/09/2020: $2,148,999.11
06/20/2020: $2,471,306.02
07/01/2020: $2,632,979.23
« Last Edit: July 01, 2020, 11:50:02 PM by Herbert Derp »

soccerluvof4

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Re: Race from $2M to $4M...and Beyond!
« Reply #3359 on: July 02, 2020, 06:51:44 AM »
I'm taking the week off.  Finishing some projects around the house and starting on a new big one.  If this is the FIRE life, I might be able to get used to it...

Thats pretty much the story of my fire'd life!

flyingaway

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Re: Race from $2M to $4M...and Beyond!
« Reply #3360 on: July 02, 2020, 08:39:12 AM »
I am actually studying post pandemic travel. First stop is Israel. Life is short, choose some interesting places to go first.

Buffaloski Boris

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Re: Race from $2M to $4M...and Beyond!
« Reply #3361 on: July 02, 2020, 11:33:29 AM »
I am actually studying post pandemic travel. First stop is Israel. Life is short, choose some interesting places to go first.

Good choice. I liked Haifa and just walking in the old town of Jerusalem was great.

soccerluvof4

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Re: Race from $2M to $4M...and Beyond!
« Reply #3362 on: July 02, 2020, 11:55:42 AM »
3150 has been resistance on the S&P and were right there yet again. Shaving a little.

itchyfeet

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Re: Race from $2M to $4M...and Beyond!
« Reply #3363 on: July 02, 2020, 01:02:35 PM »
Sigh.... this is embarrassing....

I’m not going to FIRE. Not now.

Work is offering me a promotion and I’m going to take it.

I am a failure as a moustachian. After 7 years of dreaming of FIRE, and saving my way to the very cusp, I am shelving the plans for now.

The job is back in Australia, and DW and I wanted to move home. It should be an ok job too. Maybe better than ok.

I just don’t quite feel 100% comfortable with my stash. It’s not the potential future returns that bother me. I am pretty optimistic by nature. It’s pure greed. I want to spend a lot of $$$. I add up all I want to do and a little extra froth on the stash makes it more probable we’ll be able to do it all more worry free. I also want to be able to financially help my family freely without worry about my own financial well being.

I figure the new job will be interesting enough for a few years. If We can add 20% on top of our current stash we will have more flexibility to do what we want in the 40 years that follow. God willing.

We also have no idea today where we will live Post Fire, other than it will be in Australia. Taking 2 or 3 years to look around and plan where we want to live makes some sense. FIRE now becomes a 2 step process. Step 1 get back to Australia. Step 2 FIRE. Might be easier than just walking away from work with no idea of the destination.

I now probably won’t be retired in my 40s anymore, but 51 or 52 (sigh) will still be pretty good. Not as good, but whatever.

The decision is made and I feel at peace with it.

DW is happy as she wanted to live a couple more years in our inner city home, close to her family and all of our friends that we haven’t seen much of these past 6 years living in the UAE, before moving somewhere quieter in a few years time..

At least the decision about what to do next is made.... for this week....

secondcor521

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Re: Race from $2M to $4M...and Beyond!
« Reply #3364 on: July 02, 2020, 01:27:20 PM »
Sigh.... this is embarrassing....

I’m not going to FIRE. Not now.

No worries.  You have options, which is nice, and you're making thoughtful decisions that work the best for you and your family.  Congrats!

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3365 on: July 02, 2020, 01:29:21 PM »
Sigh.... this is embarrassing....

I’m not going to FIRE. Not now.

No worries.  You have options, which is nice, and you're making thoughtful decisions that work the best for you and your family.  Congrats!

You have a reasonable plan that works for you and your spouse.   You'll get no grief from me.  Working an extra year or two so you can help people or causes you love makes perfect sense to me.  (Did it ourselves!)   You can always quit the job earlier if you decide to.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3366 on: July 02, 2020, 01:58:35 PM »
Sigh.... this is embarrassing....

I’m not going to FIRE. Not now.

No worries.  You have options, which is nice, and you're making thoughtful decisions that work the best for you and your family.  Congrats!

There is still plenty of life at 52 (usually). I quit at 52 and I've been having a wonderful time..:)

tooqk4u22

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Re: Race from $2M to $4M...and Beyond!
« Reply #3367 on: July 02, 2020, 02:33:15 PM »
Sigh.... this is embarrassing....

I’m not going to FIRE. Not now.

No worries.  You have options, which is nice, and you're making thoughtful decisions that work the best for you and your family.  Congrats!


+1  Even in this club ($2-4mil) money isn't endless and Australia cities can be costly, if its necessary to facilitate a move home for family and friends that otherwise would be as possible then a little more time in the grind makes sense.   
You have a reasonable plan that works for you and your spouse.   You'll get no grief from me.  Working an extra year or two so you can help people or causes you love makes perfect sense to me.  (Did it ourselves!)   You can always quit the job earlier if you decide to.

lhamo

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Re: Race from $2M to $4M...and Beyond!
« Reply #3368 on: July 02, 2020, 02:43:21 PM »
Sigh.... this is embarrassing....

I’m not going to FIRE. Not now.

No worries.  You have options, which is nice, and you're making thoughtful decisions that work the best for you and your family.  Congrats!

You are getting a paid-for relocation, which is nothing to sneeze at.  See how the job goes -- if you aren't happy at 6-12 months in you can still quit.

I FIREd at 46, but five years later at 51 I still have a ton of plans -- lots of things awaiting when my youngest is off to college in about 3 years. 

Roboturner

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Re: Race from $2M to $4M...and Beyond!
« Reply #3369 on: July 02, 2020, 02:54:52 PM »
Well, 2020 is officially halfway over. Up $927K for the year! What will happen in the second half?

looks like someone works for a certain EV company :P - congrats on the sweet gainz!

Herbert Derp

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Re: Race from $2M to $4M...and Beyond!
« Reply #3370 on: July 02, 2020, 06:58:05 PM »
This. Is. Insane.

More insane today, apparently. At this rate, I'll have $3MM by the end of the month... Stonks?

Spoiler: show
11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
02/01/2018: $1,061,732.89
02/28/2018: $1,062,750.48
05/18/2018: $1,149,432.76
06/06/2018: $1,203,026.63
07/11/2018: $1,232,435.26
08/02/2018: $1,269,509.32
09/01/2018: $1,326,015.73
03/05/2019: $1,327,833.14
06/10/2019: $1,462,549.50
07/07/2019: $1,519,162.03
12/14/2019: $1,628,320.78
01/01/2020: $1,705,284.27
02/02/2020: $1,838,397.87
02/13/2020: $1,961,653.87
02/19/2020: $2,000,505.43
04/14/2020: $2,002,087.12
05/09/2020: $2,148,999.11
06/20/2020: $2,471,306.02
07/01/2020: $2,632,979.23
07/02/2020: $2,721,395.70

secondcor521

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Re: Race from $2M to $4M...and Beyond!
« Reply #3371 on: July 02, 2020, 07:31:47 PM »
This. Is. Insane.

More insane today, apparently. At this rate, I'll have $3MM by the end of the month... Stonks?

I'd consider diversifying if I were in what I understand your shoes to be.

Herbert Derp

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Re: Race from $2M to $4M...and Beyond!
« Reply #3372 on: July 02, 2020, 08:08:54 PM »
I'd consider diversifying if I were in what I understand your shoes to be.

Don't worry, I have my investments allocated so that if any individual stock I own goes to zero, I will still be financially independent. My plan for now is to allocate my investments such that I am able to stay above $2MM in the near term, even if there is a major disruption in my investments. Anything above the $2MM mark is sort of funny money until I figure out some sort of plan for what I would actually spend it on.

That being said, I am employed full-time and spend only about $10K / year with a >95% paycheck savings rate so I am very insulated from disruptions to my finances.
« Last Edit: July 03, 2020, 02:46:21 PM by Herbert Derp »

BlueHouse

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Re: Race from $2M to $4M...and Beyond!
« Reply #3373 on: July 03, 2020, 05:50:52 PM »
i'm finally back in the club officially.   
I strayed from my Investment plan and moved the majority of my 401k to bonds.  I figured that I have almost exactly what I need to retire forever and I don't want to lose that, so I decided to be a bit more conservative. 
My brokerage account is still 100% in equities, so I'm not completely in bonds. 
I also decided earlier this year not to try to save as much this year as has been my norm for the past few years. 

alienbogey

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Re: Race from $2M to $4M...and Beyond!
« Reply #3374 on: July 03, 2020, 09:53:22 PM »
Our previous all time high NW was January 2020.  March was the Covid low (knock on wood) for us.  We're now at a new personal NW record with Covid cases spiking, big unemployment rates, huge future uncertainty, etc.

Crazy markets.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3375 on: July 04, 2020, 10:57:03 AM »
I was weeping quietly in the corner this morning because I seem to be "permanently" stuck with investments at around $2.2M... Starvation that is!..;)

Edit:... I thought I should add up what we have. Turns out we have a nicely appointed 2020 Corvette in addition to the above number..:)
« Last Edit: July 04, 2020, 11:43:02 AM by Exflyboy »

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #3376 on: July 04, 2020, 02:29:20 PM »
I don't get it.  I just checked.  My investments are doing well.  Yet the economy has lots of people out of work.  Even the fireworks are cancelled.  If people are out of work, less stuff is bought and sold.  It seems like most investments would be down.  It all seems like funny money somehow.  Once again, I need some education.

bluebelle

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Re: Race from $2M to $4M...and Beyond!
« Reply #3377 on: July 04, 2020, 02:57:09 PM »
I don't get it.  I just checked.  My investments are doing well.  Yet the economy has lots of people out of work.  Even the fireworks are cancelled.  If people are out of work, less stuff is bought and sold.  It seems like most investments would be down.  It all seems like funny money somehow.  Once again, I need some education.
I don't get it either....."they" say the stock market is not the economy.   I'm just enjoying this ride more than the one in March and April.....but, buckle up buttercup, it's going to be a bumpy ride.

LWYRUP

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Re: Race from $2M to $4M...and Beyond!
« Reply #3378 on: July 04, 2020, 06:06:59 PM »
I don't get it.  I just checked.  My investments are doing well.  Yet the economy has lots of people out of work.  Even the fireworks are cancelled.  If people are out of work, less stuff is bought and sold.  It seems like most investments would be down.  It all seems like funny money somehow.  Once again, I need some education.
I don't get it either....."they" say the stock market is not the economy.   I'm just enjoying this ride more than the one in March and April.....but, buckle up buttercup, it's going to be a bumpy ride.

I just assume it's where the inflation is hiding -- in assets.

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #3379 on: July 04, 2020, 06:21:46 PM »
I don't get it.  I just checked.  My investments are doing well.  Yet the economy has lots of people out of work.  Even the fireworks are cancelled.  If people are out of work, less stuff is bought and sold.  It seems like most investments would be down.  It all seems like funny money somehow.  Once again, I need some education.
I don't get it either....."they" say the stock market is not the economy.   I'm just enjoying this ride more than the one in March and April.....but, buckle up buttercup, it's going to be a bumpy ride.

I just assume it's where the inflation is hiding -- in assets.

Well - Then we've got a really good deal.  We have fairly stable prices and assets increasing.    And, I guess I can live without the fireworks this year.

2Birds1Stone

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Re: Race from $2M to $4M...and Beyond!
« Reply #3380 on: July 05, 2020, 01:39:28 AM »
Turns out we have a nicely appointed 2020 Corvette in addition to the above number..:)

Just buy the C8 already!

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #3381 on: July 05, 2020, 10:52:13 PM »
Hey all.  Back from Florida.   It was a short week but fun.  Test drove the QX80 in Tampa.  It was like a moving living room.  Plush but piss poor performance and shitty fuel mileage.  Wouldn't budge on price for the 2017 with 57,000 miles.  Hated the black color and even though a top of the line model, tech sucked.  Kept my 40 thousand smackers as headed home.  Next day picked our son up at the airport.   We kayaked the Rainbow River upstream and back down.  The back down was in the moonlight.   Many gator eyes shined on the way back.  Met up with friends and me, wife and son paddled thw Wiiki Wachee for the 4th.  Rented a truck for $250 bucks for the week driving from Louisiana and back.  Got my newer cars thrills in with thw rental.  I can rent a lot of weeks for 40K.  Looking for much cheaper cars now. 
Purchase agreement signed on 4 acres of rural land a mile from the Florida house.   Some progress was made this trip on that account.   Got my pool really clean.  Finally put all those chemistry and biology classes to work.   Nope, not sharing my $8 green to great procedure for pool cleaning.
« Last Edit: July 06, 2020, 06:40:33 AM by Bateaux »

ysette9

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Re: Race from $2M to $4M...and Beyond!
« Reply #3382 on: July 06, 2020, 08:04:18 AM »
All this talk of a second wave ignores the fact that we never got out of the first wave. It seems we weren’t collectively smart enough for that.

Sigh

soccerluvof4

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Re: Race from $2M to $4M...and Beyond!
« Reply #3383 on: July 06, 2020, 08:16:51 AM »
I don't get it.  I just checked.  My investments are doing well.  Yet the economy has lots of people out of work.  Even the fireworks are cancelled.  If people are out of work, less stuff is bought and sold.  It seems like most investments would be down.  It all seems like funny money somehow.  Once again, I need some education.

 
Well add to that there is still 5 Trillion dollars sitting on the sidelines not invested yet

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #3384 on: July 06, 2020, 10:53:21 AM »
I don't get it.  I just checked.  My investments are doing well.  Yet the economy has lots of people out of work.  Even the fireworks are cancelled.  If people are out of work, less stuff is bought and sold.  It seems like most investments would be down.  It all seems like funny money somehow.  Once again, I need some education.

 
Well add to that there is still 5 Trillion dollars sitting on the sidelines not invested yet

Yes - That is what this article says too.
https://moneyandmarkets.com/why-5-trillion-in-cash-on-the-sidelines-is-bearish-for-stocks/

I don't blame people for keeping cash as the manure has not hit the thermantidote yet.  This disease seems to want to hang around and that may mean the high unemployment levels may be sustained.

Dancin'Dog

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Re: Race from $2M to $4M...and Beyond!
« Reply #3385 on: July 06, 2020, 11:32:02 AM »
Who knows what the market will do?  I was getting tired of watching it go up, so decided to buy some ARK funds today.  There's 5 of them, so I just put 20% into each.  The top two (ARKW & ARKK) seem to overlap a bit, with their top stock being Tesla, so I figured that was like doubling up on the sector they are mainly in. 


I picked up some VGT & MGK from Vanguard for an equal balance with the ARK funds. 


I'll keep the rest in my MM account for a while.  I've got some real estate that should be selling with in a few weeks, so will probably put some more into the above, unless the sky falls. 


Btw, if I'd loaded up on ARKW a couple months ago I'd be yacht shopping now...  It's up over 52% YTD.  [size=78%] [/size]

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #3386 on: July 06, 2020, 07:46:06 PM »
Hi Everyone - lurker of this thread here, who, thanks to this crazy market, is back up to $2.3m NW at the ripe young age of 46 (and spouse 51).

I have retirementitis (really bad),but for many personal reasons gotta keep work for another 3 years. Got get into the new house being built, see hubby through getting his doctorate in nursing (graduates May 2022), get through Covid...  AAAAHHHHHHHH.

Hopefully reading about all your situations and adventures keeps me sane!

Buffaloski Boris

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Re: Race from $2M to $4M...and Beyond!
« Reply #3387 on: July 07, 2020, 05:17:20 AM »
Hi Everyone - lurker of this thread here, who, thanks to this crazy market, is back up to $2.3m NW at the ripe young age of 46 (and spouse 51).

I have retirementitis (really bad),but for many personal reasons gotta keep work for another 3 years. Got get into the new house being built, see hubby through getting his doctorate in nursing (graduates May 2022), get through Covid...  AAAAHHHHHHHH.

Hopefully reading about all your situations and adventures keeps me sane!

Hi @rmorris50 and welcome!

So let me get this straight. You came to this thread for sanity?

 It reminds me of an exchange from the great philosophical movie “ghostbusters.”

Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, "biblical"?
Dr. Raymond Stantz: What he means is Old Testament, Mr. Mayor, real wrath-of-God type stuff. Fire and brimstone coming down from the sky! Rivers and seas boiling!
Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes...
Winston Zeddmore: The dead rising from the grave!
Dr. Peter Venkman: Human sacrifice, dogs and cats living together - MASS HYSTERIA!


4tify

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Re: Race from $2M to $4M...and Beyond!
« Reply #3388 on: July 07, 2020, 09:00:00 AM »
I’ll probably fall back into the 1-2M race soon enough with 2020 being batshit crazy and all, but as of today I just crossed over the $2M mark LNW. Woo hoo!

Have another $200k tied up in residence but that’s being sold. Trying to figure out where to hang that up in between now and “some day I’ll buy a place with land.” Any suggestions from you rich folks??

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3389 on: July 07, 2020, 09:37:16 AM »
I’ll probably fall back into the 1-2M race soon enough with 2020 being batshit crazy and all, but as of today I just crossed over the $2M mark LNW. Woo hoo!

Have another $200k tied up in residence but that’s being sold. Trying to figure out where to hang that up in between now and “some day I’ll buy a place with land.” Any suggestions from you rich folks??

"Some day" is pretty iffy.    If that's in a couple of years, park it in a high interest savings account.

If it's 10 years out, invest it.

There may be some good real estate deals coming up over the next year if you're interested in real estate investing.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #3390 on: July 07, 2020, 10:31:06 AM »
I’ll probably fall back into the 1-2M race soon enough with 2020 being batshit crazy and all, but as of today I just crossed over the $2M mark LNW. Woo hoo!

Have another $200k tied up in residence but that’s being sold. Trying to figure out where to hang that up in between now and “some day I’ll buy a place with land.” Any suggestions from you rich folks??

Buy the FANGS.  Seems to have been working a long time.   

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #3391 on: July 07, 2020, 08:15:48 PM »
Hi Everyone - lurker of this thread here, who, thanks to this crazy market, is back up to $2.3m NW at the ripe young age of 46 (and spouse 51).

I have retirementitis (really bad),but for many personal reasons gotta keep work for another 3 years. Got get into the new house being built, see hubby through getting his doctorate in nursing (graduates May 2022), get through Covid...  AAAAHHHHHHHH.

Hopefully reading about all your situations and adventures keeps me sane!

Hi @rmorris50 and welcome!

So let me get this straight. You came to this thread for sanity?

 It reminds me of an exchange from the great philosophical movie “ghostbusters.”

Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, "biblical"?
Dr. Raymond Stantz: What he means is Old Testament, Mr. Mayor, real wrath-of-God type stuff. Fire and brimstone coming down from the sky! Rivers and seas boiling!
Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes...
Winston Zeddmore: The dead rising from the grave!
Dr. Peter Venkman: Human sacrifice, dogs and cats living together - MASS HYSTERIA!

Sanity is all relative...

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #3392 on: July 07, 2020, 08:19:07 PM »
I’ll probably fall back into the 1-2M race soon enough with 2020 being batshit crazy and all, but as of today I just crossed over the $2M mark LNW. Woo hoo!

Have another $200k tied up in residence but that’s being sold. Trying to figure out where to hang that up in between now and “some day I’ll buy a place with land.” Any suggestions from you rich folks??

"Some day" is pretty iffy.    If that's in a couple of years, park it in a high interest savings account.

If it's 10 years out, invest it.

There may be some good real estate deals coming up over the next year if you're interested in real estate investing.

What is this mythical "high interest savings account" of which you speak?

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3393 on: July 07, 2020, 08:55:29 PM »
I’ll probably fall back into the 1-2M race soon enough with 2020 being batshit crazy and all, but as of today I just crossed over the $2M mark LNW. Woo hoo!

Have another $200k tied up in residence but that’s being sold. Trying to figure out where to hang that up in between now and “some day I’ll buy a place with land.” Any suggestions from you rich folks??

"Some day" is pretty iffy.    If that's in a couple of years, park it in a high interest savings account.

If it's 10 years out, invest it.

There may be some good real estate deals coming up over the next year if you're interested in real estate investing.

What is this mythical "high interest savings account" of which you speak?

I see people reference online bank savings accounts that pay 1%.  High is relative to brick and mortar banks.

JoJoP

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Re: Race from $2M to $4M...and Beyond!
« Reply #3394 on: July 08, 2020, 09:09:42 AM »
Welcome new members to this club.   

@Bateaux I NEED that $8 pool clean up recipe.   My big light bulb moment for our pool was to get a wire brush (amazon, $16) instead of a plastic bristle one.  Wow did that get the green off.   Our pool is a slice of heaven, even if sometimes it's slightly greenish heaven!  Good for the immune system, IMO. 

All you prospective Camino hikers... that's a great goal.  We've stayed in many places near some legs of the Santiago and met many pilgrims.  I'm not a walker (bad feet) but would definitely go by muleback if that option ever presents itself.  My husband is hiking the Grand Canyon, Mt Whitney and some others, so I'm sure the Camino would rise to the top of the list if possible.   We'll see when the travel ban lifts.  I don't expect that to happen anytime soon. 


Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #3395 on: July 08, 2020, 09:29:09 AM »
https://www.amazon.com/dp/B07RF1FKBN/ref=cm_sw_r_cp_apa_i_.wEbFb3G5GSHQ

JojoP. Add a little copper sulfate to the pool.  Maybe half a cup of the crystals.  It binds to the microbes and kills them.  They sink to the bottom and can be filtered out.   May want to wait a day after treatment to swim.  Beautiful blue water once all the algae is removed.   Wear gloves and don't breathe in dust.


Welcome new members to this club.   

@Bateaux I NEED that $8 pool clean up recipe.   My big light bulb moment for our pool was to get a wire brush (amazon, $16) instead of a plastic bristle one.  Wow did that get the green off.   Our pool is a slice of heaven, even if sometimes it's slightly greenish heaven!  Good for the immune system, IMO. 

All you prospective Camino hikers... that's a great goal.  We've stayed in many places near some legs of the Santiago and met many pilgrims.  I'm not a walker (bad feet) but would definitely go by muleback if that option ever presents itself.  My husband is hiking the Grand Canyon, Mt Whitney and some others, so I'm sure the Camino would rise to the top of the list if possible.   We'll see when the travel ban lifts.  I don't expect that to happen anytime soon.
« Last Edit: July 08, 2020, 09:34:58 AM by Bateaux »

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #3396 on: July 08, 2020, 12:58:30 PM »
Hi Everyone - lurker of this thread here, who, thanks to this crazy market, is back up to $2.3m NW at the ripe young age of 46 (and spouse 51).

I have retirementitis (really bad),but for many personal reasons gotta keep work for another 3 years. Got get into the new house being built, see hubby through getting his doctorate in nursing (graduates May 2022), get through Covid...  AAAAHHHHHHHH.

Hopefully reading about all your situations and adventures keeps me sane!
This is a tantalizing post. You're almost ready to RE, but DH is just about to begin a new career or significantly build on an existing one? Please, @rmorris50, share more details.
BTW, by the time my DH retires, I will have been FIRE for at least eight years, so I know it's doable. Just wondering what your plans are.

Much Fishing to Do

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Re: Race from $2M to $4M...and Beyond!
« Reply #3397 on: July 08, 2020, 02:37:50 PM »
Hi Everyone - lurker of this thread here, who, thanks to this crazy market, is back up to $2.3m NW at the ripe young age of 46 (and spouse 51).

I have retirementitis (really bad),but for many personal reasons gotta keep work for another 3 years. Got get into the new house being built, see hubby through getting his doctorate in nursing (graduates May 2022), get through Covid...  AAAAHHHHHHHH.

Hopefully reading about all your situations and adventures keeps me sane!
This is a tantalizing post. You're almost ready to RE, but DH is just about to begin a new career or significantly build on an existing one? Please, @rmorris50, share more details.
BTW, by the time my DH retires, I will have been FIRE for at least eight years, so I know it's doable. Just wondering what your plans are.

getting a doctorate in nursing at 51 w/ $2M+ in the bank?  I am quite sure I have never had whatever drive that takes.....

soccerluvof4

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Re: Race from $2M to $4M...and Beyond!
« Reply #3398 on: July 08, 2020, 03:02:20 PM »
Hi Everyone - lurker of this thread here, who, thanks to this crazy market, is back up to $2.3m NW at the ripe young age of 46 (and spouse 51).

I have retirementitis (really bad),but for many personal reasons gotta keep work for another 3 years. Got get into the new house being built, see hubby through getting his doctorate in nursing (graduates May 2022), get through Covid...  AAAAHHHHHHHH.

Hopefully reading about all your situations and adventures keeps me sane!
This is a tantalizing post. You're almost ready to RE, but DH is just about to begin a new career or significantly build on an existing one? Please, @rmorris50, share more details.
BTW, by the time my DH retires, I will have been FIRE for at least eight years, so I know it's doable. Just wondering what your plans are.

getting a doctorate in nursing at 51 w/ $2M+ in the bank?  I am quite sure I have never had whatever drive that takes.....

haha +1

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #3399 on: July 08, 2020, 06:19:11 PM »
Hi Everyone - lurker of this thread here, who, thanks to this crazy market, is back up to $2.3m NW at the ripe young age of 46 (and spouse 51).

I have retirementitis (really bad),but for many personal reasons gotta keep work for another 3 years. Got get into the new house being built, see hubby through getting his doctorate in nursing (graduates May 2022), get through Covid...  AAAAHHHHHHHH.

Hopefully reading about all your situations and adventures keeps me sane!
This is a tantalizing post. You're almost ready to RE, but DH is just about to begin a new career or significantly build on an existing one? Please, @rmorris50, share more details.
BTW, by the time my DH retires, I will have been FIRE for at least eight years, so I know it's doable. Just wondering what your plans are.

Haha @Dicey my husband and I definitely have taken different career paths! When I first met him, in MidWest City USA, I was career driven and he definitely was "having more fun", in a dead-end marketing job, and between the two of us we basically had nothing to our name!

A year after meeting him, in 2004 I got offered a job in NYC and to my surprise he said he would go with me! But the compromise what that he could reinvent himself. So while I focused on my working career, he went back to school, got his nursing degree, started working, later went for his masters, and is now going for his doctorate! He's definitely has found is career calling much later in life than me. So that makes me so happy for him. He has no desire to retire whatsoever.

Me however, my career has (past) peaked and I am ready for my new chapter. $2M of the $2.3M NW we have is in my name, and I am burned out from earning it! Once hubby graduates he is supportive of me retiring and finding something new to do. You know, something more fulfilling and less stressful, but isn't the go-go-go, high earning fast paced career of the past.

I'd love to working on my Spanish fluency, teach math, help take care of my mother, volunteer, take gig work in my field which I get to choose, and/or just be a house-husband to our two dogs, the only children we have! I said I would learn to cook too, but he looked at me like he would never eat my cooking!

I am lucky that we are very supportive of each other's very different journey's. Definitely something I try not to take for granted!