Author Topic: Celebrations Thread  (Read 477488 times)

lostamonkey

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Re: Celebrations Thread
« Reply #1150 on: October 28, 2015, 07:38:16 PM »
Last year my husband was promoted to CIO of his company with a tiny raise involved, but he was promised "a substantial bonus." Well, today, the substantial bonus letter came and it is (wait for it!) $10,000.

Our house is paid for, we own our cars free and clear, we have no credit card or other debt...our paychecks more than cover all our bills, even with a substantial savings rate. We have to figure out what to do with this money, what a great challenge to have.

Not only am I happy about this infusion of cash, I'm delighted for my husband, he's feeling pretty good right now. I married a good one.

Congrats, I would transfer it straight to my Vanguard investment account if I was you.

I ended up reaching my 2015 net worth goal today. It was a surprise. I track all my accounts on Excel and adjust to actual every so often. I adjusted to actual today and realized that I had achieved my goal. Hopefully the goal is still achieved at the end of the year. I have realized that net worth goals are stupid because the short term swings in the stock market have such a large impact on whether you reach your goal.

CU Tiger

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Re: Celebrations Thread
« Reply #1151 on: October 30, 2015, 08:53:09 PM »
Last year my husband was promoted to CIO of his company with a tiny raise involved, but he was promised "a substantial bonus." Well, today, the substantial bonus letter came and it is (wait for it!) $10,000.

Our house is paid for, we own our cars free and clear, we have no credit card or other debt...our paychecks more than cover all our bills, even with a substantial savings rate. We have to figure out what to do with this money, what a great challenge to have.

Not only am I happy about this infusion of cash, I'm delighted for my husband, he's feeling pretty good right now. I married a good one.

Congrats, I would transfer it straight to my Vanguard investment account if I was you.

I ended up reaching my 2015 net worth goal today. It was a surprise. I track all my accounts on Excel and adjust to actual every so often. I adjusted to actual today and realized that I had achieved my goal. Hopefully the goal is still achieved at the end of the year. I have realized that net worth goals are stupid because the short term swings in the stock market have such a large impact on whether you reach your goal.

Yeah, we wound up tossing it into the Vanguard account. We have reached the point where we have so much insane luxury that we do not want to spend any more money than what we usually spend. It is a rich, full life!
There are two ways to get enough: one is to continue to accumulate more and more. The other is to desire less. - G.K. Chesterton

ajmers

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Re: Celebrations Thread
« Reply #1152 on: November 05, 2015, 08:26:19 PM »
Started a new job at a new company in July at a 40% raise (+ 10% bonus), and I just got my first bonus! Had to shell out a few hundred this week for HVAC repair (next step - learn to DIY!) but still seriously upped my savings rate with this move, a combination of increased income and a slight reduction in spending (working on that too :)) Feels good!!

JZinCO

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Re: Celebrations Thread
« Reply #1153 on: November 06, 2015, 02:46:41 PM »
I turned down a free van that runs well and has been super useful to borrow for moving things (borrowed it for a month in the past).
Because of course it isn't free with registration and insurance. If I had a free place to park it until my living situation changed and I absolutely would have needed it, sure that would work. But when I am already trying to downsize from 2 to 1 vehicles....
It was either a dumb decision or a mustachian celebration.
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Financial Ascensionist

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Re: Celebrations Thread
« Reply #1154 on: November 08, 2015, 11:22:17 AM »
At the end of last month, I dutifully plugged a few numbers in my spreadsheets to keep track of where things were going in.  For the first time, my net worth grew more than my total work income.  In other words, my savings rate was over 100%; I was financially independent.

Obviously, October was an exceptionally generous month on the stock market and I don't expect next month to go as well, but passing this milestone, even if was just for a moment, feels extremely liberating.  Realistically, I expect to need another three to six months to achieve a stable level of financial independence, at which point I will probably indulge in a slightly more decadent celebration than posting to share my joy.  In the meantime, I will proudly keep a stupid grin on my face. 

Life is great!

tenns9

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Re: Celebrations Thread
« Reply #1155 on: November 08, 2015, 11:15:22 PM »
My wife and I just made our final payment on our home which is worth about $180k (took us 4.5yrs)! My wife was in tears and we both feel a huge burden lifted off our backs. I know this wasn't the best use of our money considering the low 3% interest rate, but we had to do this because of the burden we felt by owing someone money.

We now have an awesome problem of not knowing what to do with all our extra money. We were making $2,000-$3,000 payments/mo on our house for quite some time (it varies because of my commission). I will increase all my investments in my 401k, Roth, and IRA, but I'm more interested in possibly having a couple rental properties as well, I just don't know where to start with that.

Zaga

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Re: Celebrations Thread
« Reply #1156 on: November 09, 2015, 09:38:23 AM »
Congrats!  I think having a paid off house is one of the best feelings there is, poo on the math, lol!

powersuitrecall

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Re: Celebrations Thread
« Reply #1157 on: November 10, 2015, 07:42:22 AM »
On the long path to FI it feels great to hit a milestone, even if it is a small one.

Today our milestone was maxing out one of our TFSA accounts!

Earlier this year, we refinance our mortgage with a 3 year amortization, even though we could have paid it off in 1.  Easing up on the mortgage allowed us to put more towards out tax advantaged investment accounts.

Our plan is to, in about 2 years, achieve the ultimate trifecta of investment goals:
- Maximize both TFSA accounts
- Maximize RRSP accounts (which will come with some juicy immediate tax savings)
- Pay off the mortgage.

We are right on schedule!!!

PARedbeard

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Re: Celebrations Thread
« Reply #1158 on: November 10, 2015, 08:06:40 AM »
A small victory as well: maxed out my ROTH for the first time ever, and am putting 15% (plus a 5% employer match) into my shiny new 401k!

AmandaS1989

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Re: Celebrations Thread
« Reply #1159 on: November 10, 2015, 08:09:01 AM »
Congratulations PARedbeard! 15% is amazing! I can only do 4 right now. I might change it to 6 next year if I get a raise.
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Chaplin

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Re: Celebrations Thread
« Reply #1160 on: November 24, 2015, 11:02:14 PM »
Our plan is to, in about 2 years, achieve the ultimate trifecta of investment goals:
- Maximize both TFSA accounts
- Maximize RRSP accounts (which will come with some juicy immediate tax savings)
- Pay off the mortgage.

We are right on schedule!!!

Nice! I'm not there yet, but a level-up from those goals is to make the current year's full RRSP and TFSA contributions on January 1. Allowances can be made if you need to feed some portion in more slower to get the maximum match from an employer.

marblejane

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Re: Celebrations Thread
« Reply #1161 on: December 01, 2015, 07:57:31 PM »
I just crossed six figures in my retirement accounts!

Neustache

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Re: Celebrations Thread
« Reply #1162 on: December 01, 2015, 08:05:28 PM »
Congrats, marblejane!  I'm not there yet, it must be a cool feeling!  Woot!!

ooeei

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Re: Celebrations Thread
« Reply #1163 on: December 03, 2015, 07:22:23 AM »
Joined the $100k net worth club yesterday!


... For about an hour


I'm still counting it!

stealthystache

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Re: Celebrations Thread
« Reply #1164 on: December 09, 2015, 07:59:01 PM »
Congrats Tenns9 on the mortgage payoff! I hope to be there soon... My partner and I have been looking at doing the same thing after realizing we got nowhere on lowering our debt over the last 10 years even though we paid extra each month.

Here's our personal "hurrah!": after the bank that holds our house note turned us down for a refi at a lower rate, we took some of our cash that we had offered the bank to sweeten the deal, and instead bought a HUD auction house free and clear, and are now preparing to sell our overpriced (oversized, over heated/cooled, etc.) house and live mortgage free! Just got the keys yesterday and I can smell the freedom.

...take that greedy bank! (and slightly stupid past self)

arebelspy

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Re: Celebrations Thread
« Reply #1165 on: December 10, 2015, 12:48:33 AM »
That's awesome, nice move StealthyStache!
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StacheInAFlash

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Re: Celebrations Thread
« Reply #1166 on: December 10, 2015, 08:58:32 AM »
I just submitted my final student loan payment this morning! $52,000 paid off in 21 months! Technically, I was paying longer than that, but not even making a dent with minimum payments and several interest only payments for a handful of years. My starting balance on January 1st this year was over $36k so it has been a whirlwind.

January 1st this year starts with all that excess money going to the retirement accounts! I'm so excited to finally get to max those out next year!

arebelspy

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Re: Celebrations Thread
« Reply #1167 on: December 10, 2015, 12:29:27 PM »
Way to go SIAF!
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
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zinethstache

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Re: Celebrations Thread
« Reply #1168 on: December 10, 2015, 01:55:58 PM »
I am cruising the latest in this thread which is a great pick me up lunchtime read. normally I just read and lurk, but today there are a couple of posts I need to cheer about.

First a huge congrats to @ajmers for a 40% increase in pay at a new job! That is awesome!

And next, congrats on you all for paying off your mortgages too! We plan to sell our primary residence this summer and get rental #5. We will have to live there until I pull the plug on my RE plans, next Jan (2017).

I'd always hoped to be mortgage free and instead I will have 5 mortgages with passive income enough to be FI, who've thunk it.

(other than our mortgages we are debt free)

aetherie

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Re: Celebrations Thread
« Reply #1169 on: December 11, 2015, 12:26:34 PM »
My holiday bonus is $4,000 and it's going straight to Vanguard :D
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Sibley

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Re: Celebrations Thread
« Reply #1170 on: December 15, 2015, 08:51:38 AM »
With the most recent payment on the CC, I'm officially done paying off past balances. It's current activity only now!

arebelspy

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Re: Celebrations Thread
« Reply #1171 on: December 15, 2015, 08:59:26 AM »
With the most recent payment on the CC, I'm officially done paying off past balances. It's current activity only now!

We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (occasionally) blog at AdventuringAlong.com.
You can also read my forum "Journal."

stealthystache

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Re: Celebrations Thread
« Reply #1172 on: December 15, 2015, 08:16:10 PM »
Nice going, Sibley!!!

smalllife

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Re: Celebrations Thread
« Reply #1173 on: December 16, 2015, 06:52:41 AM »
We have passed 100k net worth (for about a week until we can pay the last semester's tuition, but I like seeing those six figures) - not including car or any housing appreciation!  Woop woop!

I also did some calculations and we are about 5 years from rice and beans FI, 7 from my definition of FI (husband's a bit higher for travel).  Trying to focus on the light, not how long the tunnel is ...

I ALSO - it's a big month for me - talked myself into reducing our mortgage payment.  The money will go to paying off the family loan which enabled the house in the first place (win-win for all, long story), low interest but family puts it on top of the priority list.  However, when that is paid off I will be investing the surplus in a taxable "mortgage" investment account.  It's taken me two years to talk myself into it: although it helps that with the principal we've paid down on both loans we can sell the house, pay off my parents, and still come out ahead as of a couple of months ago.

Ooh ooh - AND my husband is *this* close to being able to max out his 401k ... maaaaybe 2016, 2017 at the latest depending on how graduation/job hunt plays out. 

It's been a good year :-)

"Have nothing in your house that you do not know to be useful or believe to be beautiful" - William Morris

PARedbeard

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Re: Celebrations Thread
« Reply #1174 on: December 16, 2015, 10:29:19 AM »
That sounds like quite the year, indeed, smallife!

smalllife

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Re: Celebrations Thread
« Reply #1175 on: December 17, 2015, 05:12:24 AM »
That sounds like quite the year, indeed, smallife!
Thanks! It feels a bit surreal to start seeing things take off!
"Have nothing in your house that you do not know to be useful or believe to be beautiful" - William Morris

PARedbeard

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Re: Celebrations Thread
« Reply #1176 on: December 17, 2015, 08:39:08 AM »
I've got another small celebration today: I feel confident upping our 401k contributions from 15% to 17%. Not a huge change, but it is one step closer to maxing it out!

stealthystache

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Re: Celebrations Thread
« Reply #1177 on: December 18, 2015, 02:56:05 PM »
Today we made a huge payment to pay off the last of our medical debts, leaving only the student loan (at under 2% interest) and mortgage. The mortgage will be dead once the house is sold (we're planning on listing in 2-3 months), and then the mortgage payments will pay off the student loan in less than a year! By this time next year we should be in or at least preparing for our "extreme savings" phase with zero debt.

Oh man, this feels good!

zephyr911

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Re: Celebrations Thread
« Reply #1178 on: December 21, 2015, 10:41:00 AM »
$17,992 worth of TSP contributions are now invested or will be processed before 12/31.

While I didn't *technically* hit the max, I'm declaring it (literally) close enough for government work. And I'm about to drop all $5500 for my 2015 IRA as well, so (ignoring the $8 as a rounding error) I've maxed all tax-deferred accounts for the first time.

It took me over a year to get SR high enough to even make it possible, and the huge processing delays mean that I kept adjusting by the wrong amount. But I think I've gotten it dialed in now. The election to drop back from nearly $1000/PP to the required $692 is should apply to my first 2016 check and all others thereafter.

I'm liking the new normal.
Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

JrDoctor

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Re: Celebrations Thread
« Reply #1179 on: December 22, 2015, 01:15:28 AM »
Today I hit ~97,000 of equity, with a ~30,000 student loan I'm not currently repaying which is at 1.5% interest right now.  I've got my medical degree which is a passport to work in many countries.  Makes staying 2 hours late last night slightly more bearable.  Also got an extra 82.00 in the form of a relatively unusable billable service (cremation form).  Sad but I'll add it to the stache.

nixjasr

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Re: Celebrations Thread
« Reply #1180 on: December 22, 2015, 03:35:56 PM »
We are currently hosting our 100th Airbnb guest in our basement apartment! Total income for 2015 (pretax): $10,650.
It was a cobblestone cellar two years ago. We did most of the work ourselves, and learned a ton along the way.
Coolest part: guests from Hawaii bring you chocolate-covered Macadamia nuts as a gift!!!

onlykelsey

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Net worth jump in 2015
« Reply #1181 on: December 22, 2015, 03:48:21 PM »
Because I feel like an a**hole saying this to my 29 year old friends, I'll say it here.

This year I managed to grow my net worth from 198K to approximately 325K (depending on the market the next week and a half).  If I can do that for two more years, I'm safe enough, right?  Unfortunately a lot of it (70K) is equity in my illiquid ~610K condo, but that balance should shift towards about 50/50 in the next two years, and my savings rate should pick up now that I've had and paid for my wedding (hopefully a one-time 2015 expense).

I'm pretty excited that I paid for my own degrees (private BA, public MA and JD) and own my house by the end of my 20s, having not come from money or parental support.  I suspect part of the stress in the next few years will be accepting a less stressful path forward, figuring out children, and starting to reimagine a life where I'm not working 80 hours a week.   Not a bad problem to have, but one I don't have much experience with.


(I just realized I posted in the wrong place when I saw this thread light up.  I will erase my other post. Sorry all!)

halseyskates33

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Re: Celebrations Thread
« Reply #1182 on: December 22, 2015, 04:05:25 PM »
It is small, but I was pretty happy with after making a days worth of calls to have a debt adjusted to 1k lower due to an accounting error on their part.

Little bit every day!

zephyr911

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Re: Celebrations Thread
« Reply #1183 on: December 24, 2015, 08:40:55 PM »
It is small, but I was pretty happy with after making a days worth of calls to have a debt adjusted to 1k lower due to an accounting error on their part.

Little bit every day!
That is not small! You just earned over $100 an hour to... talk! xD
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JZinCO

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Re: Celebrations Thread
« Reply #1184 on: December 26, 2015, 10:54:38 PM »
Don't know where to put this but I will celebrate my father in this post.

My cousin goes to a private high school where tuition is over $23K. Cousin said something to denigrate public schools and my dad responded, saying 'Your father went to public high school and college which led to a career where he can pay for your private school.."
Zing.
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onlykelsey

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Re: Celebrations Thread
« Reply #1185 on: December 28, 2015, 08:15:54 AM »
'Your father went to public high school and college which led to a career where he can pay for your private school.."
Zing.

Hahahah, that is awesome.  I've read that graduates of private school do better, but only if you don't control for parents' background, income, marital status, etc.  meaning, if you have parents that can send you to private school, you're winning, regardless of whether you actually go.

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Re: Celebrations Thread
« Reply #1186 on: December 29, 2015, 09:23:23 AM »
Hello everybody! As we're preparing our 2016 financial plan, I've reflected on how far we've come over the last 3 years.
End of 2012:
- $15,000 student loans
- $15,000 other loans
- $22,000 credit card
- $15,000 total investments
= $37,000 in debt

2013/2014 (most importantly): bought a house, got married, had a baby!!!

End of 2015:
- no debt (except mortgage)
- two masters degrees
- $200,000 in home equity (thank you San Diego real estate market)
- $130,000 in investments/savings
- new job paying 30% more
- planning to max all retirement accounts in 2016, plus some investment accounts to get over a 50% SR
- mint says net worth is just shy of $350,000

(No, the wifey is not a sugar momma, but she is my inspiration to save more and spend less money, so I can spend more time with my family)

Happy New Years!!!

JZinCO

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Re: Celebrations Thread
« Reply #1187 on: December 29, 2015, 10:41:57 AM »
Well done!

I think I'll recap as well.
In 2015 I,
-Cut avg monthly spending from 1700 to 1100
-Started a new position with a 40% raise
-Moved back to the city where my gf is (meant less financial and relational costs)
-Funded my roth IRA for the 1st time; put 18% of gross income in retirement accounts
-Funded my emergency fund
-Upped my networth from ~5K to over 35K
-Paid off the last 4K in student loans
-Spent half the year caretaking for a friend's house with a rent of only 300/mo
-Started a taxable acct with 3K
-Fully funded a cash reserve for large purchases (with no short term purchases to foresee)
-Started a side business (for which I will not see any income in 2015)
-Decided that while I would love to buy a house, the appreciation over the past few years (incl. 13% this year) in my city has deterred me. So I have not begun savings for a house.
-Also the gf finished her phd and now makes well more than me so that's awesome for her and takes away a source of stress

So all in all, I finally started getting serious about retirement and have built a reserve of cash as a safety net
In 2016 I will:
-Use my increased cash flow (plus end contributing to my cash reserves and taxable acct) to put 50% of gross income in retirement accounts
-Earn 14% more gross income by moving to a different position at my employer (starting Feb 1)
-Earn 10% more gross income from contracts near completion as of this month and take on new contracts (the side business may become how I decide to save for a down payment, not sure yet).
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zephyr911

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Re: Celebrations Thread
« Reply #1188 on: December 30, 2015, 11:51:02 AM »
Well, it's slow as hell in the office this week and I took off half the day so I could do a Tuesday night thing in Birmingham, 100 miles away. I just got in, sat down and started checking email, and found a couple of personnel system notifications, so I pulled up the site. AND I JUST GOT AN EARLY STEP RAISE. 9 months ahead of the automatic one. This means my boss was happy enough to voluntarily fill out the paperwork to request it for me after my annual eval (Oct).

It's $2379/yr, or $91.50 per check, $92.42 if the 1% global raise goes through for 2016. Even after taxes, that means $1800+ to invest. \m/ ^_^ \m/

The final note at the bottom says "thank you for your hard work and dedication"... xD
Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

JLee

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Re: Celebrations Thread
« Reply #1189 on: December 30, 2015, 11:52:01 AM »
Well, it's slow as hell in the office this week and I took off half the day so I could do a Tuesday night thing in Birmingham, 100 miles away. I just got in, sat down and started checking email, and found a couple of personnel system notifications, so I pulled up the site. AND I JUST GOT AN EARLY STEP RAISE. 9 months ahead of the automatic one. This means my boss was happy enough to voluntarily fill out the paperwork to request it for me after my annual eval (Oct).

It's $2379/yr, or $91.50 per check, $92.42 if the 1% global raise goes through for 2016. Even after taxes, that means $1800+ to invest. \m/ ^_^ \m/

The final note at the bottom says "thank you for your hard work and dedication"... xD
That's awesome! Congrats!

jj_k80

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Re: Celebrations Thread
« Reply #1190 on: December 30, 2015, 02:40:26 PM »
After 3+ years of resume box-checking, I landed a really nice job for 2016.  Commute is cut in half, slightly less hours, better training, and my income will basically double.  The timing could not be better, as my other celebration is my firstborn being due in February!

aetherie

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Re: Celebrations Thread
« Reply #1191 on: December 30, 2015, 03:54:17 PM »
After 3+ years of resume box-checking, I landed a really nice job for 2016.  Commute is cut in half, slightly less hours, better training, and my income will basically double.  The timing could not be better, as my other celebration is my firstborn being due in February!

Congratulations! Both on the job and on the baby!!
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Tortoise Banker

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Re: Celebrations Thread
« Reply #1192 on: December 30, 2015, 04:57:47 PM »
After 3+ years of resume box-checking, I landed a really nice job for 2016.  Commute is cut in half, slightly less hours, better training, and my income will basically double.  The timing could not be better, as my other celebration is my firstborn being due in February!

That's wonderful.  Congratulations, and BIGGER congratulations on the near arrival of your child!
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SuperSaver

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Re: Celebrations Thread
« Reply #1193 on: December 31, 2015, 01:37:43 PM »
Paid off $18,000 in debt in 2015. Surpassing my goal of $15k in 2015.

I finished paying off all of my private student loans before June 1, 2015 and am aggressively paying off our Yaris we bought November 25, 2014 (it'll be paid off before March 1, 2016).

I'm quite proud as this was the first year my fiance and I both had full time jobs with benefits the entire year (we both got our jobs mid 2014).

We are 25 and after 3 years of aggressively paying down debt the end is in sight!!!

onlykelsey

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Re: Celebrations Thread
« Reply #1194 on: December 31, 2015, 01:43:24 PM »
UPDATE.  I forgot that I had to pay off the remaining 14K on my roof assessment in my condo, but then the market picked up and my last paycheck was higher than expected due to having completed my 401K contributions.  So instead of an increase from 198 to 325 in a year, it was 198 to 330K.  Not shabby for 29, but think next year can be even better (and be less heavily weighted towards equity in my appreciating condo).  At the very least, I shouldn't need to shell out 64K for my roof again next year.  I'd be at 400K if I hadn't had to do that!

stealthystache

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Re: Celebrations Thread
« Reply #1195 on: January 01, 2016, 04:33:39 AM »
Paid off $18,000 in debt in 2015. Surpassing my goal of $15k in 2015.

I finished paying off all of my private student loans before June 1, 2015 and am aggressively paying off our Yaris we bought November 25, 2014 (it'll be paid off before March 1, 2016).

I'm quite proud as this was the first year my fiance and I both had full time jobs with benefits the entire year (we both got our jobs mid 2014).

We are 25 and after 3 years of aggressively paying down debt the end is in sight!!!

Dang! you guys are off to a great start! 2016 should be a banger of a year for you :)

JZinCO

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Re: Celebrations Thread
« Reply #1196 on: January 01, 2016, 12:42:10 PM »
Got paid on Dec 31 so I can say this year's NW went from 5 to 40K. It will dip down to 39.5Kish by Jan 31 before getting paid again but woohoo.

Also my invested assets are > my cash savings which is a new first now.
« Last Edit: January 01, 2016, 12:44:11 PM by JZinCO »
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GettingThere

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Re: Celebrations Thread
« Reply #1197 on: January 02, 2016, 07:28:41 AM »
My First celebration Thread, recap of Year 2015. Note this is all canadian dollars, which may as well be canadian rupees now, but my expenses are in CAD$ so I guess it does not matter that much :


1) Networth increased 125K in 12 months, even with poor stock market performance

2) Paid off my house in 2015 (worth around 225K)

3) Zero other debt

4) Worked only around 900 hours and made 120K after taxes

5) Should be FI in about 5 years at age 43

Currently in Mexico for 1 month to escape canadian winter !


Chrissy

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Re: Celebrations Thread
« Reply #1198 on: January 03, 2016, 02:04:21 PM »
My estimate of our net worth for 2015 was $557k, and $600k for 2016... but we're at $603k today!!!  And to think I was actually feeling morose about it, because we haven't had any movement since October--ha!  Perspective is everything.


OmahaSteph

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Re: Celebrations Thread
« Reply #1199 on: January 04, 2016, 08:30:21 AM »
I paid off a credit card! Yippee!!!