Author Topic: Race from $2M to $4M...and Beyond!  (Read 552762 times)

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #3400 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 #3401 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 #3402 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 #3403 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!


Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3404 on: July 08, 2020, 07:01:09 PM »
@rmorris50 Good for you!

Heck you could even retire..:)

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #3405 on: July 08, 2020, 08:46:56 PM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]

EscapeVelocity2020

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Re: Race from $2M to $4M...and Beyond!
« Reply #3406 on: July 08, 2020, 10:01:41 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.

At your point in life, there is a whole lot more value in what you are intending to do than in what your numbers are.  So, please, pray tell, what are your goals and ambitions?

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #3407 on: July 09, 2020, 06:09:05 AM »

- SNIP -

At your point in life, there is a whole lot more value in what you are intending to do than in what your numbers are.  So, please, pray tell, what are your goals and ambitions?

Yeh - This site if kind of nice.  You hear about people's dreams and what's more - You hear about them coming true.  You can make the goals and ambitions happen.

itchyfeet

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Re: Race from $2M to $4M...and Beyond!
« Reply #3408 on: July 09, 2020, 10:33:12 AM »
So, I took the job. Itís been announced to the Megacorp world. Congratulation messages are streaming in. Repatriation date is locked in. My successor is Dubai has been named and I have given notice to my landlord here and served notice on my tenants there.

No turning back now. No more will I FIRE or wonít I. I am working 3 more years.

Long hours, more hanging around airports and needless bureaucracy awaits.... and yet I fell energised and motivated to get stuck in.

But next up we face the joys of packing up our lives and shedding a tear as we farewell some amazing friends.

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #3409 on: July 09, 2020, 11:16:20 AM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]

Retire would be nice! I actually like to be productive and busy, but I look forward to having it be totally on my terms and focus on what I want to! I do tend to get very lazy if I don't have structure/goals.

I wonder how much guilt I am going to have if hubby is working and I am just being a slacker all day (I say that in jest, kinda). But maybe I"ll get over it quickly!

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3410 on: July 09, 2020, 12:35:13 PM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]

Retire would be nice! I actually like to be productive and busy, but I look forward to having it be totally on my terms and focus on what I want to! I do tend to get very lazy if I don't have structure/goals.

I wonder how much guilt I am going to have if hubby is working and I am just being a slacker all day (I say that in jest, kinda). But maybe I"ll get over it quickly!

Oh yeah you will..:)

I have found myself saying I should go back to real work for a rest.. He says having been busting his a** around our hobby farm/rental bus for the last month!


Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #3411 on: July 09, 2020, 01:38:12 PM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]

Retire would be nice! I actually like to be productive and busy, but I look forward to having it be totally on my terms and focus on what I want to! I do tend to get very lazy if I don't have structure/goals.

I wonder how much guilt I am going to have if hubby is working and I am just being a slacker all day (I say that in jest, kinda). But maybe I"ll get over it quickly!

Oh yeah you will..:)

I have found myself saying I should go back to real work for a rest.. He says having been busting his a** around our hobby farm/rental bus for the last month!
Haha, my husband says that all the time! Happily, his pension kicks in in less than a year and he's finally starting to make noises about retiring. Hooray!

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3412 on: July 09, 2020, 04:44:54 PM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]

Retire would be nice! I actually like to be productive and busy, but I look forward to having it be totally on my terms and focus on what I want to! I do tend to get very lazy if I don't have structure/goals.

I wonder how much guilt I am going to have if hubby is working and I am just being a slacker all day (I say that in jest, kinda). But maybe I"ll get over it quickly!

Oh yeah you will..:)

I have found myself saying I should go back to real work for a rest.. He says having been busting his a** around our hobby farm/rental bus for the last month!
Haha, my husband says that all the time! Happily, his pension kicks in in less than a year and he's finally starting to make noises about retiring. Hooray!

Oooh yes pensions..We like those. Mine fully matures in 1 year and 13 months, although I could take it now for a reduced payout.

Needless to say if the renter in the god awful trailer doesn't sign up at the end of her lease next year I would not be exactly heartbroken..:)

Buffaloski Boris

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Re: Race from $2M to $4M...and Beyond!
« Reply #3413 on: July 09, 2020, 05:19:57 PM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]

Retire would be nice! I actually like to be productive and busy, but I look forward to having it be totally on my terms and focus on what I want to! I do tend to get very lazy if I don't have structure/goals.

I wonder how much guilt I am going to have if hubby is working and I am just being a slacker all day (I say that in jest, kinda). But maybe I"ll get over it quickly!

Oh yeah you will..:)

I have found myself saying I should go back to real work for a rest.. He says having been busting his a** around our hobby farm/rental bus for the last month!
Haha, my husband says that all the time! Happily, his pension kicks in in less than a year and he's finally starting to make noises about retiring. Hooray!

Oooh yes pensions..We like those. Mine fully matures in 1 year and 13 months, although I could take it now for a reduced payout.

Needless to say if the renter in the god awful trailer doesn't sign up at the end of her lease next year I would not be exactly heartbroken..:)

Whatís the story about the trailer (for those of us who havenít been following)?

Oh and pensions are very, very nice.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #3414 on: July 09, 2020, 05:46:20 PM »
So, I took the job. Itís been announced to the Megacorp world. Congratulation messages are streaming in. Repatriation date is locked in. My successor is Dubai has been named and I have given notice to my landlord here and served notice on my tenants there.

No turning back now. No more will I FIRE or wonít I. I am working 3 more years.

Long hours, more hanging around airports and needless bureaucracy awaits.... and yet I fell energised and motivated to get stuck in.

But next up we face the joys of packing up our lives and shedding a tear as we farewell some amazing friends.

You'll be happy padding the purse a bit more and waiting out the pandemic with a paycheck.  I'm sure the move will be exhausting.   Best of luck.

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #3415 on: July 09, 2020, 07:00:08 PM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]


Retire would be nice! I actually like to be productive and busy, but I look forward to having it be totally on my terms and focus on what I want to! I do tend to get very lazy if I don't have structure/goals.

I wonder how much guilt I am going to have if hubby is working and I am just being a slacker all day (I say that in jest, kinda). But maybe I"ll get over it quickly!

Oh yeah you will..:)

I have found myself saying I should go back to real work for a rest.. He says having been busting his a** around our hobby farm/rental bus for the last month!

I also love to work out. Retiring will let me fight the slow onslaught of aging tooth and nail. I ain't going down without a fight, haha! Actually, I'm really excited to (semi) retire and live life on my terms. I've only known school/work my whole life. Never even have had a proper sabbatical. My dad threw me into factor work at the age of 14!!! But MegaCorp USA politics are the WORSE, NEED TO ESCAPE!!

2sk22

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Re: Race from $2M to $4M...and Beyond!
« Reply #3416 on: July 10, 2020, 06:30:37 AM »
I was looking at some old papers and came across my first W2. I started work in September 1991 at an annual salary of about $65k. I was curious and checked the inflation calculator which says that its equivalent to about $121K in current dollars. I'd be interested to hear what your salary was at your first "real" job.

Also, as I recall, my net worth was about $2000 in my savings account on my first day of work. I really needed that first paycheck :-)

LWYRUP

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Re: Race from $2M to $4M...and Beyond!
« Reply #3417 on: July 10, 2020, 11:52:54 AM »

In my first full time real job I made, base and bonus, $167,500, which would be $196,949.38 now.  My base / bonus now is lower than that, but I have retirement contributions that bring that up to just a hair more.  But I don't know if I am getting my bonus.  So ten years and no difference.  But I thank God every day that I am not in that job.  The QOL difference is night and day.  I am so glad that I managed to get out while still earning a decent income.

This is a reflection of the very unusual structure of the job market for certain segments of the legal industry. 

Pennycounter

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Re: Race from $2M to $4M...and Beyond!
« Reply #3418 on: July 10, 2020, 12:02:38 PM »
I was looking at some old papers and came across my first W2. I started work in September 1991 at an annual salary of about $65k. I was curious and checked the inflation calculator which says that its equivalent to about $121K in current dollars. I'd be interested to hear what your salary was at your first "real" job.

Also, as I recall, my net worth was about $2000 in my savings account on my first day of work. I really needed that first paycheck :-)

$65k in 1991 is a lot for your first job! I was making 20,000 less 10+ years later, in my first job out of college.

I didn't crack six figure income until 7 or 8 years ago.

2sk22

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Re: Race from $2M to $4M...and Beyond!
« Reply #3419 on: July 10, 2020, 12:39:47 PM »
$65k in 1991 is a lot for your first job! I was making 20,000 less 10+ years later, in my first job out of college.

I didn't crack six figure income until 7 or 8 years ago.

I had just completed my PhD and this was a research position in a big tech company. You're right, $65k did feel like a lot. However, the five years prior to starting work, I lived on a poverty-level grad student stipend of $9k per year :-)

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3420 on: July 10, 2020, 03:09:41 PM »
$65k in 1991 is a lot for your first job! I was making 20,000 less 10+ years later, in my first job out of college.

I didn't crack six figure income until 7 or 8 years ago.

I had just completed my PhD and this was a research position in a big tech company. You're right, $65k did feel like a lot. However, the five years prior to starting work, I lived on a poverty-level grad student stipend of $9k per year :-)

We went from 1/3rd median family income (and paying child support) to $30K in 1988, which was median family income.   Damn but we felt we were rolling in money!    If I had only known what I learned  from MMM and other FIRE bloggers back then...

Herbert Derp

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Re: Race from $2M to $4M...and Beyond!
« Reply #3421 on: July 10, 2020, 05:03:25 PM »
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


Past $3MM now! Now, onwards to $4MM?

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
07/10/2020: $3,098,138.96

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3422 on: July 10, 2020, 08:54:38 PM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]

Retire would be nice! I actually like to be productive and busy, but I look forward to having it be totally on my terms and focus on what I want to! I do tend to get very lazy if I don't have structure/goals.

I wonder how much guilt I am going to have if hubby is working and I am just being a slacker all day (I say that in jest, kinda). But maybe I"ll get over it quickly!

Oh yeah you will..:)

I have found myself saying I should go back to real work for a rest.. He says having been busting his a** around our hobby farm/rental bus for the last month!
Haha, my husband says that all the time! Happily, his pension kicks in in less than a year and he's finally starting to make noises about retiring. Hooray!

Oooh yes pensions..We like those. Mine fully matures in 1 year and 13 months, although I could take it now for a reduced payout.

Needless to say if the renter in the god awful trailer doesn't sign up at the end of her lease next year I would not be exactly heartbroken..:)

Whatís the story about the trailer (for those of us who havenít been following)?

Oh and pensions are very, very nice.

Oh, mainly me just whining abut here I am this rich (or so I thought till I saw Herbert Derp's numbers..:)..) guy and I have these two rental businesses that make a fairly significant income and I really don't want to do it anymore.

The problem is the rentals are on my property and one of them is a single wide trailer. I spend about 2 or 3 days per year maintaining/repairing the rentals and it makes about $20k/year.

I know hard life right?

My issue is; I just don't want to do it anymore because you know.. people in my property. The problem is it will be a significant hassle/work to remove the trailer (manufactured home) from my property.

Honestly the easiest thing is to keep renting and earning the money.

Its a hard life..:)

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #3423 on: July 11, 2020, 06:06:36 AM »
$65k in 1991 is a lot for your first job! I was making 20,000 less 10+ years later, in my first job out of college.

I didn't crack six figure income until 7 or 8 years ago.

I had just completed my PhD and this was a research position in a big tech company. You're right, $65k did feel like a lot. However, the five years prior to starting work, I lived on a poverty-level grad student stipend of $9k per year :-)

We went from 1/3rd median family income (and paying child support) to $30K in 1988, which was median family income.   Damn but we felt we were rolling in money!    If I had only known what I learned  from MMM and other FIRE bloggers back then...

If only I knew the concepts and methods back then.  The power of learning from the Internet made me wealthy.  Still did ok, top five percent of so.  Surely wish I could advise younger me.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #3424 on: July 11, 2020, 06:12:00 AM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]

Retire would be nice! I actually like to be productive and busy, but I look forward to having it be totally on my terms and focus on what I want to! I do tend to get very lazy if I don't have structure/goals.

I wonder how much guilt I am going to have if hubby is working and I am just being a slacker all day (I say that in jest, kinda). But maybe I"ll get over it quickly!

Oh yeah you will..:)

I have found myself saying I should go back to real work for a rest.. He says having been busting his a** around our hobby farm/rental bus for the last month!
Haha, my husband says that all the time! Happily, his pension kicks in in less than a year and he's finally starting to make noises about retiring. Hooray!

Oooh yes pensions..We like those. Mine fully matures in 1 year and 13 months, although I could take it now for a reduced payout.

Needless to say if the renter in the god awful trailer doesn't sign up at the end of her lease next year I would not be exactly heartbroken..:)

Whatís the story about the trailer (for those of us who havenít been following)?

Oh and pensions are very, very nice.

Oh, mainly me just whining abut here I am this rich (or so I thought till I saw Herbert Derp's numbers..:)..) guy and I have these two rental businesses that make a fairly significant income and I really don't want to do it anymore.

The problem is the rentals are on my property and one of them is a single wide trailer. I spend about 2 or 3 days per year maintaining/repairing the rentals and it makes about $20k/year.

I know hard life right?

My issue is; I just don't want to do it anymore because you know.. people in my property. The problem is it will be a significant hassle/work to remove the trailer (manufactured home) from my property.

Honestly the easiest thing is to keep renting and earning the money.

Its a hard life..:)

I've often considered renting my Louisiana properties.  Probably 30k to 35k a year in income would be possible.  Could move to the Florida house and that would cover all the Florida house expenses.   But I had kids.   They don't move out anymore.   It's probably easier to save another 500k to cover Florida house expenses and just abandon the Louisiana properties.

itchyfeet

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Re: Race from $2M to $4M...and Beyond!
« Reply #3425 on: July 11, 2020, 07:37:12 AM »
$65k in 1991 is a lot for your first job! I was making 20,000 less 10+ years later, in my first job out of college.

I didn't crack six figure income until 7 or 8 years ago.

I had just completed my PhD and this was a research position in a big tech company. You're right, $65k did feel like a lot. However, the five years prior to starting work, I lived on a poverty-level grad student stipend of $9k per year :-)

We went from 1/3rd median family income (and paying child support) to $30K in 1988, which was median family income.   Damn but we felt we were rolling in money!    If I had only known what I learned  from MMM and other FIRE bloggers back then...

If only I knew the concepts and methods back then.  The power of learning from the Internet made me wealthy.  Still did ok, top five percent of so.  Surely wish I could advise younger me.

My first full time job, back in 1991 paid me the princely sum of $14K AUD (say $10K USD). And at that time I was pretty happy with that,

Buffaloski Boris

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Re: Race from $2M to $4M...and Beyond!
« Reply #3426 on: July 11, 2020, 08:42:25 AM »

Whatís the story about the trailer (for those of us who havenít been following)?

Oh and pensions are very, very nice.

Oh, mainly me just whining abut here I am this rich (or so I thought till I saw Herbert Derp's numbers..:)..) guy and I have these two rental businesses that make a fairly significant income and I really don't want to do it anymore.

The problem is the rentals are on my property and one of them is a single wide trailer. I spend about 2 or 3 days per year maintaining/repairing the rentals and it makes about $20k/year.

I know hard life right?

My issue is; I just don't want to do it anymore because you know.. people in my property. The problem is it will be a significant hassle/work to remove the trailer (manufactured home) from my property.

Honestly the easiest thing is to keep renting and earning the money.

Its a hard life..:)

Ah. So itís a 1%er problem. :-p

So let me ask this question then: are you a moral landlord? Do you charge fair prices for a relatively low cost place for someone to live? Are there many low cost housing alternatives in your area with landlords who treat their tenants better than you do?

Noblesse oblige FTW. Heh, heh, heh.

« Last Edit: July 11, 2020, 10:59:49 AM by Buffaloski Boris »

BeanCounter

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Re: Race from $2M to $4M...and Beyond!
« Reply #3427 on: July 11, 2020, 10:25:45 AM »
I've got five more weeks left of work!!
This past week I started to feel very at peace with my decision to leave. I think I'm actually ready. It feels great.

Checked on the net worth today. $3M total. $2.9M without the house. That includes $62k in kids 529s though. And $30k that we are still planning to spend on a new car for DH. I'm not sure what he's waiting for on that. Guess he's just trying to get every last mile out of old the old Accord.

As I was checking on NW, I realized that when we hit $4.3M a 3% draw down will bring us $130k a year which is exactly what we bring home (net of taxes and retirement etc, $240k gross) right now with both of us working and it is more than enough for all the things. Including crazy tuition. That's nuts. So unless we have another crazy drop or a few years of really stagnant returns, we should hit $4.3M relatively easy. Not that we really need, or even want to do that, I just predict it will happen.
At that realization made me really glad I put in my notice. I do not want to look back and have too much money but feeling like I didn't have enough time to do the things I want, with the people I want.
Life is good, and kind of unbelievable.

My first salary out of college in 2001 was $32k but I worked darn near 80 hours a week during busy season to earn that. DH's first salaried position out of college was $14k in 2003 and most of it was eaten up by health insurance expenses. I remember doing his taxes for him that year and telling him he should go in and ask for less pay so he could get on food stamps and Medicaid. But his employer (small town) didn't want to do that because it made them look bad. Talk about working poor. But he was only there a year and the next contract paid double, and then the next was double that etc. So he made it work. But we have both worked super hard. We did this by always saving my salary less childcare and living on his salary which was always the smaller of the two. That was advice we got from my uncle when we got married. I'd like to thank him for it, but I don't want to give away our net worth. Ha!

Herbert Derp

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Re: Race from $2M to $4M...and Beyond!
« Reply #3428 on: July 11, 2020, 10:45:06 AM »
At your point in life, there is a whole lot more value in what you are intending to do than in what your numbers are.  So, please, pray tell, what are your goals and ambitions?

This is what I'm currently thinking about.

Short term:
  • Get a car
  • Get a girlfriend

Medium term:
  • Move out of the city
  • Gain experience working on farms

Long term:
  • Relocate to another country?
  • Marriage / children?
  • Buy a bunch of land and see if I can live off-grid?
« Last Edit: July 11, 2020, 10:48:18 AM by Herbert Derp »

Taran Wanderer

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Re: Race from $2M to $4M...and Beyond!
« Reply #3429 on: July 11, 2020, 12:05:21 PM »
Herbert Derp, your comment about "find a girlfriend reminded me of an NPR Planet Money podcast with a great episode about an economist who tried a new way of dating.  It's recapped here:

https://www.npr.org/2020/07/07/888690075/summer-school-1-choices-dating

The podcast is entertaining, and hey, you might even like the method. 

2sk22

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Re: Race from $2M to $4M...and Beyond!
« Reply #3430 on: July 11, 2020, 12:50:29 PM »
My first salary out of college in 2001 was $32k but I worked darn near 80 hours a week during busy season to earn that. DH's first salaried position out of college was $14k in 2003 and most of it was eaten up by health insurance expenses. I remember doing his taxes for him that year and telling him he should go in and ask for less pay so he could get on food stamps and Medicaid. But his employer (small town) didn't want to do that because it made them look bad. Talk about working poor. But he was only there a year and the next contract paid double, and then the next was double that etc. So he made it work. But we have both worked super hard. We did this by always saving my salary less childcare and living on his salary which was always the smaller of the two. That was advice we got from my uncle when we got married. I'd like to thank him for it, but I don't want to give away our net worth. Ha!

Congrats - that's a real achievement, getting to such a fat FI number in just 19 years!

In my household too, we have always tried to live on one salary. For a long time my salary was the higher but in recent years, my wife (who has reached the executive rank in her company) has overtaken me by a considerable amount - and I'm very happy :-)

Car Jack

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Re: Race from $2M to $4M...and Beyond!
« Reply #3431 on: July 11, 2020, 01:56:08 PM »
At your point in life, there is a whole lot more value in what you are intending to do than in what your numbers are.  So, please, pray tell, what are your goals and ambitions?

This is what I'm currently thinking about.

Short term:
  • Get a car


that's expensive

Quote
  • Get a girlfriend

that's even more expensive

Quote
Medium term:
  • Move out of the city
  • Gain experience working on farms

Long term:
  • Relocate to another country?
  • Marriage / children?

If you had reversed these, I'd wonder if you're relocating to get away from the wife and kids.  :D 
Quote
  • Buy a bunch of land and see if I can live off-grid?

so they don't find you?



All joking, of course.  It's quite the plan.  Life gets to throw wrenches into it all. 

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #3432 on: July 11, 2020, 03:04:45 PM »
I've got five more weeks left of work!!
This past week I started to feel very at peace with my decision to leave. I think I'm actually ready. It feels great.

Checked on the net worth today. $3M total. $2.9M without the house. That includes $62k in kids 529s though. And $30k that we are still planning to spend on a new car for DH. I'm not sure what he's waiting for on that. Guess he's just trying to get every last mile out of old the old Accord.

As I was checking on NW, I realized that when we hit $4.3M a 3% draw down will bring us $130k a year which is exactly what we bring home (net of taxes and retirement etc, $240k gross) right now with both of us working and it is more than enough for all the things. Including crazy tuition. That's nuts. So unless we have another crazy drop or a few years of really stagnant returns, we should hit $4.3M relatively easy. Not that we really need, or even want to do that, I just predict it will happen.
At that realization made me really glad I put in my notice. I do not want to look back and have too much money but feeling like I didn't have enough time to do the things I want, with the people I want.
Life is good, and kind of unbelievable.

Congrats, what a huge achievement. I'm curious if you've done a cash flow projection for rest of your life? Have others on this board? I've never trusted withdrawal rules and NW measurements, and the cash flow projections have been the most useful in making retirement decisions.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3433 on: July 11, 2020, 05:00:17 PM »

Whatís the story about the trailer (for those of us who havenít been following)?

Oh and pensions are very, very nice.

Oh, mainly me just whining abut here I am this rich (or so I thought till I saw Herbert Derp's numbers..:)..) guy and I have these two rental businesses that make a fairly significant income and I really don't want to do it anymore.

The problem is the rentals are on my property and one of them is a single wide trailer. I spend about 2 or 3 days per year maintaining/repairing the rentals and it makes about $20k/year.

I know hard life right?

My issue is; I just don't want to do it anymore because you know.. people in my property. The problem is it will be a significant hassle/work to remove the trailer (manufactured home) from my property.

Honestly the easiest thing is to keep renting and earning the money.

Its a hard life..:)

Ah. So itís a 1%er problem. :-p

So let me ask this question then: are you a moral landlord? Do you charge fair prices for a relatively low cost place for someone to live? Are there many low cost housing alternatives in your area with landlords who treat their tenants better than you do?

Noblesse oblige FTW. Heh, heh, heh.

Yes I am. Several renters have told me I am the best LL they have ever had. Stuff gets fixed fast (I so it all myself) and I charge a little under the market rate.

I have heard numerous horror stories of landlords in town who want to make maximum income for minimum outlay.

In my view happy tenants are long term tenants and hopefully won't trash your house when they leave.

Buffaloski Boris

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Re: Race from $2M to $4M...and Beyond!
« Reply #3434 on: July 11, 2020, 05:14:59 PM »

Whatís the story about the trailer (for those of us who havenít been following)?

Oh and pensions are very, very nice.

Oh, mainly me just whining abut here I am this rich (or so I thought till I saw Herbert Derp's numbers..:)..) guy and I have these two rental businesses that make a fairly significant income and I really don't want to do it anymore.

The problem is the rentals are on my property and one of them is a single wide trailer. I spend about 2 or 3 days per year maintaining/repairing the rentals and it makes about $20k/year.

I know hard life right?

My issue is; I just don't want to do it anymore because you know.. people in my property. The problem is it will be a significant hassle/work to remove the trailer (manufactured home) from my property.

Honestly the easiest thing is to keep renting and earning the money.

Its a hard life..:)

Ah. So itís a 1%er problem. :-p

So let me ask this question then: are you a moral landlord? Do you charge fair prices for a relatively low cost place for someone to live? Are there many low cost housing alternatives in your area with landlords who treat their tenants better than you do?

Noblesse oblige FTW. Heh, heh, heh.

Yes I am. Several renters have told me I am the best LL they have ever had. Stuff gets fixed fast (I so it all myself) and I charge a little under the market rate.

I have heard numerous horror stories of landlords in town who want to make maximum income for minimum outlay.

In my view happy tenants are long term tenants and hopefully won't trash your house when they leave.

So you're a great landlord, you charge a fair price for rent, you provide a service that is desperately needed in most communities, and you're presumably making some coin in the process.  Doing public service and turning a buck in the process sounds like a win to me.   

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #3435 on: July 11, 2020, 05:32:45 PM »

Whatís the story about the trailer (for those of us who havenít been following)?

Oh and pensions are very, very nice.

Oh, mainly me just whining abut here I am this rich (or so I thought till I saw Herbert Derp's numbers..:)..) guy and I have these two rental businesses that make a fairly significant income and I really don't want to do it anymore.

The problem is the rentals are on my property and one of them is a single wide trailer. I spend about 2 or 3 days per year maintaining/repairing the rentals and it makes about $20k/year.

I know hard life right?

My issue is; I just don't want to do it anymore because you know.. people in my property. The problem is it will be a significant hassle/work to remove the trailer (manufactured home) from my property.

Honestly the easiest thing is to keep renting and earning the money.

Its a hard life..:)

Ah. So itís a 1%er problem. :-p

So let me ask this question then: are you a moral landlord? Do you charge fair prices for a relatively low cost place for someone to live? Are there many low cost housing alternatives in your area with landlords who treat their tenants better than you do?

Noblesse oblige FTW. Heh, heh, heh.

Yes I am. Several renters have told me I am the best LL they have ever had. Stuff gets fixed fast (I so it all myself) and I charge a little under the market rate.

I have heard numerous horror stories of landlords in town who want to make maximum income for minimum outlay.

In my view happy tenants are long term tenants and hopefully won't trash your house when they leave.

So you're a great landlord, you charge a fair price for rent, you provide a service that is desperately needed in most communities, and you're presumably making some coin in the process.  Doing public service and turning a buck in the process sounds like a win to me.   
Well, we old-timers already know what a swell guy Frank is. I'd be his tenant in a heartbeat. He and DH would stay out of HRH's and my hair all day. They'd be in that fantastic workshop, getting up to all kinds of amazing projects...that single wide would look like a palace in no time.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3436 on: July 11, 2020, 06:55:37 PM »
Aww shucks,

But really my aspirations are to be somebody elses great renter..:)

The landlord thing has been awesome, has definitely reduced my time to FIRE. Now in RE its become a mixed blessing. Sure the $$ provide about 35% of our living expenses, but you can never go halfway round the World without wondering whats going wrong back on the homestead. so you're never truly free.

In fact it feels a little like that thing called a J-O-B.. Albeit a VERY part time one..:)

couponvan

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Re: Race from $2M to $4M...and Beyond!
« Reply #3437 on: July 12, 2020, 07:05:17 AM »
@rmorris50 Good for you!

Heck you could even retire..:)
[Insert affectionate eye roll here.]

Retire would be nice! I actually like to be productive and busy, but I look forward to having it be totally on my terms and focus on what I want to! I do tend to get very lazy if I don't have structure/goals.

I wonder how much guilt I am going to have if hubby is working and I am just being a slacker all day (I say that in jest, kinda). But maybe I"ll get over it quickly!

Oh yeah you will..:)

I have found myself saying I should go back to real work for a rest.. He says having been busting his a** around our hobby farm/rental bus for the last month!
Haha, my husband says that all the time! Happily, his pension kicks in in less than a year and he's finally starting to make noises about retiring. Hooray!

Oooh yes pensions..We like those. Mine fully matures in 1 year and 13 months, although I could take it now for a reduced payout.

Needless to say if the renter in the god awful trailer doesn't sign up at the end of her lease next year I would not be exactly heartbroken..:)

Whatís the story about the trailer (for those of us who havenít been following)?

Oh and pensions are very, very nice.

Oh, mainly me just whining abut here I am this rich (or so I thought till I saw Herbert Derp's numbers..:)..) guy and I have these two rental businesses that make a fairly significant income and I really don't want to do it anymore.

The problem is the rentals are on my property and one of them is a single wide trailer. I spend about 2 or 3 days per year maintaining/repairing the rentals and it makes about $20k/year.

I know hard life right?

My issue is; I just don't want to do it anymore because you know.. people in my property. The problem is it will be a significant hassle/work to remove the trailer (manufactured home) from my property.

Honestly the easiest thing is to keep renting and earning the money.

Its a hard life..:)
You know - this is what my grandparents did and it made them ALOT of money, but they always had a bit of trouble with the tenants because it was a cheapie trailer and not the newest trailer at that.  As long as you keep renting, and as long as they aren't druggie tenants, it's probably the easier route to just keep renting. I kind of regret not doing the landlord route myself.  I think we'd have made more $, but DH doesn't like the idea of being a property manager.

flyingaway

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Re: Race from $2M to $4M...and Beyond!
« Reply #3438 on: July 12, 2020, 11:46:29 AM »
I've got five more weeks left of work!!

Checked on the net worth today. $3M total. $2.9M without the house. That includes $62k in kids 529s though. And $30k that we are still planning to spend on a new car for DH. I'm not sure what he's waiting for on that. Guess he's just trying to get every last mile out of old the old Accord.


Your house is worth only $100k?

flyingaway

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Re: Race from $2M to $4M...and Beyond!
« Reply #3439 on: July 12, 2020, 11:58:57 AM »
$65k in 1991 is a lot for your first job! I was making 20,000 less 10+ years later, in my first job out of college.

I didn't crack six figure income until 7 or 8 years ago.

I had just completed my PhD and this was a research position in a big tech company. You're right, $65k did feel like a lot. However, the five years prior to starting work, I lived on a poverty-level grad student stipend of $9k per year :-)

I finished my Ph.D. in 1997 and my postdoc job was paying me $40K in 1997. My first teaching job in 1998 paid me exactly $65K and I still have it today.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3440 on: July 12, 2020, 12:31:56 PM »

You know - this is what my grandparents did and it made them ALOT of money, but they always had a bit of trouble with the tenants because it was a cheapie trailer and not the newest trailer at that.  As long as you keep renting, and as long as they aren't druggie tenants, it's probably the easier route to just keep renting. I kind of regret not doing the landlord route myself.  I think we'd have made more $, but DH doesn't like the idea of being a property manager.

Hence the dilemma! Its a high ROI business (especially as I paid for the rentals with cash) and its hard/expensive to get out of it when its on the same piece of property as your house. So why would you do anything different?

The compromise I think we have come up with is when the current renter leaves we'll be done. If that happens in the next 5 years I'll try to sell the trailer (give it away) for someone to haul off.

If the renter leaves in say 10 years I might get three dumpsters, rent a large excavator and smash it up for landfill. Its a bit too nice to do that now..:)

GreenEggs

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Re: Race from $2M to $4M...and Beyond!
« Reply #3441 on: July 12, 2020, 12:50:24 PM »

You know - this is what my grandparents did and it made them ALOT of money, but they always had a bit of trouble with the tenants because it was a cheapie trailer and not the newest trailer at that.  As long as you keep renting, and as long as they aren't druggie tenants, it's probably the easier route to just keep renting. I kind of regret not doing the landlord route myself.  I think we'd have made more $, but DH doesn't like the idea of being a property manager.

Hence the dilemma! Its a high ROI business (especially as I paid for the rentals with cash) and its hard/expensive to get out of it when its on the same piece of property as your house. So why would you do anything different?

The compromise I think we have come up with is when the current renter leaves we'll be done. If that happens in the next 5 years I'll try to sell the trailer (give it away) for someone to haul off.

If the renter leaves in say 10 years I might get three dumpsters, rent a large excavator and smash it up for landfill. Its a bit too nice to do that now..:)


Maybe you could get a 5 gallon pail of Flex Seal and convert it into a DIY ghetto houseboat!  ;)  Is there a lake or river nearby?

BeanCounter

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Re: Race from $2M to $4M...and Beyond!
« Reply #3442 on: July 12, 2020, 03:57:14 PM »
I've got five more weeks left of work!!

Checked on the net worth today. $3M total. $2.9M without the house. That includes $62k in kids 529s though. And $30k that we are still planning to spend on a new car for DH. I'm not sure what he's waiting for on that. Guess he's just trying to get every last mile out of old the old Accord.


Your house is worth only $100k?
Thatís our equity in the house (conservatively) we owe $180k on it. It might actually be worth as much as $330k based on most recent neighborhood sales. Hey, the Midwest is cheap! Weíve got about 3,000 square feet plus finished basement for that price!

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #3443 on: July 13, 2020, 06:23:53 AM »
I've got five more weeks left of work!!

Checked on the net worth today. $3M total. $2.9M without the house. That includes $62k in kids 529s though. And $30k that we are still planning to spend on a new car for DH. I'm not sure what he's waiting for on that. Guess he's just trying to get every last mile out of old the old Accord.


Your house is worth only $100k?
Thatís our equity in the house (conservatively) we owe $180k on it. It might actually be worth as much as $330k based on most recent neighborhood sales. Hey, the Midwest is cheap! Weíve got about 3,000 square feet plus finished basement for that price!

It's amazing how much disparity therenis in home prices.  Wenpaid $58 dollars a square foot in Florida.  When I look ip historical prices many are sub 50 dollars a square foot in the last 10,years.  Sure the beachfrint costs more.   Were about 15 minutes from the gulf in a country club.   Plenty of homes for sale, come on down.

fireforfun

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Re: Race from $2M to $4M...and Beyond!
« Reply #3444 on: July 13, 2020, 06:58:08 AM »
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


Past $3MM now! Now, onwards to $4MM?

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
07/10/2020: $3,098,138.96


You made almost my entire life savings in a week.... and looking at Tesla this morning, will probably do it again this week.
I am torn between jealousy, and idol-ism. I would never have the guts!!

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #3445 on: July 13, 2020, 07:00:40 AM »


It's amazing how much disparity therenis in home prices.  Wenpaid $58 dollars a square foot in Florida.  When I look ip historical prices many are sub 50 dollars a square foot in the last 10,years.  Sure the beachfrint costs more.   Were about 15 minutes from the gulf in a country club.   Plenty of homes for sale, come on down.

You might find a better deal if you make an offer on a slightly used trailer in Oregon noted a couple posts above.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #3446 on: July 13, 2020, 09:29:08 AM »


It's amazing how much disparity therenis in home prices.  Wenpaid $58 dollars a square foot in Florida.  When I look ip historical prices many are sub 50 dollars a square foot in the last 10,years.  Sure the beachfrint costs more.   Were about 15 minutes from the gulf in a country club.   Plenty of homes for sale, come on down.

You might find a better deal if you make an offer on a slightly used trailer in Oregon noted a couple posts above.

But you have to take it home with you..:)

BeanCounter

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Re: Race from $2M to $4M...and Beyond!
« Reply #3447 on: July 13, 2020, 10:22:50 AM »
I've got five more weeks left of work!!
This past week I started to feel very at peace with my decision to leave. I think I'm actually ready. It feels great.

Checked on the net worth today. $3M total. $2.9M without the house. That includes $62k in kids 529s though. And $30k that we are still planning to spend on a new car for DH. I'm not sure what he's waiting for on that. Guess he's just trying to get every last mile out of old the old Accord.

As I was checking on NW, I realized that when we hit $4.3M a 3% draw down will bring us $130k a year which is exactly what we bring home (net of taxes and retirement etc, $240k gross) right now with both of us working and it is more than enough for all the things. Including crazy tuition. That's nuts. So unless we have another crazy drop or a few years of really stagnant returns, we should hit $4.3M relatively easy. Not that we really need, or even want to do that, I just predict it will happen.
At that realization made me really glad I put in my notice. I do not want to look back and have too much money but feeling like I didn't have enough time to do the things I want, with the people I want.
Life is good, and kind of unbelievable.

Congrats, what a huge achievement. I'm curious if you've done a cash flow projection for rest of your life? Have others on this board? I've never trusted withdrawal rules and NW measurements, and the cash flow projections have been the most useful in making retirement decisions.
I'm not sure what you mean exactly when you say cash flow projection. We don't have a business or rental property so investments is it. When we calculated our NW for FIRE we do not include the value of our house, HSA or kids college funds.
I assume that we can draw down 3% each year. We'll take that from cash but each year. All of our dividends are going to cash now and we'll sell to rebalance and replenish cash as we need to.
Why do you not trust withdrawl rules and NW measurements?

JoJoP

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Re: Race from $2M to $4M...and Beyond!
« Reply #3448 on: July 13, 2020, 04:44:26 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.....

That's because you have Much Fishing to Do!

JoJoP

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Re: Race from $2M to $4M...and Beyond!
« Reply #3449 on: July 13, 2020, 04:56:21 PM »


It's amazing how much disparity therenis in home prices.  Wenpaid $58 dollars a square foot in Florida.  When I look ip historical prices many are sub 50 dollars a square foot in the last 10,years.  Sure the beachfrint costs more.   Were about 15 minutes from the gulf in a country club.   Plenty of homes for sale, come on down.

You might find a better deal if you make an offer on a slightly used trailer in Oregon noted a couple posts above.

You could actually sell the trailer if someone can split the two halves and load it on a truck.   That's assuming it's a doublewide.   Then you'll make a couple of bucks and also save the landfill. 

Our income is nearly all rentals now.   Like exflyboy, it's hardly any work in the year by year tally,  just a few hours or days per unit if they are occupied and nothing bad happens.  But you never know when someone will need a quick repair to be done.