Author Topic: Celebrations Thread  (Read 466355 times)

Abooki

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Re: Celebrations Thread
« Reply #1550 on: April 27, 2017, 11:22:51 AM »
Just paid off my last credit card payment. $6462  with $2700 payment to student loan debt monster( 55630$ now 52930$) making it  $9162 in 3 months

Discovered FIRE in late Dec thanks to my bf and drove in this January. And I can't imagine life without this mentality and now this community.

Whoo-hoo! Well done!


Thank you :)

Abooki

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Re: Celebrations Thread
« Reply #1551 on: May 01, 2017, 12:48:41 PM »
WOW!!! congrats!!

Passed the 100k in home equity this month! Bought the house 16 months ago so it feels like great progress! Normal payments had it sitting at ~$99,400 in equity so I put in the extra $600 just so I didn't have to wait until next month to see six digits.

ToughMother

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Re: Celebrations Thread
« Reply #1552 on: May 06, 2017, 06:51:51 AM »
Came here to celebrate.  Just hit $750K net worth today (and see the note below for why this is an especially huge deal for ol' ToughMother!)

We started tracking and aggressively working on this, here are our benchmarks:
4/3/14    $430k (start)
9/19/14    $500k
11/6/14    $550k
5/9/15    $600k
4/13/16    $650k
9/7/16    $700k
5/6/17   $750k

We also paid cash for major house remodeling ($48k) and started to pay for a wedding between oct 2016 and this month (with another $20K wedding costs to come between now and october).  Neither of us make a ton, but we're rocking it.

MMM mentality to the rescue! (BTW, truly a rescue for me -- I was out of the workforce for 8 years due to meningitis and recovery.  I'm grateful I never went bankrupt even though I dealt with huge medical bills, no income, no family support.  So working now and being able to put money away is a big deal even though age-wise, I'm way behind many of you.)
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NinetyFour

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Re: Celebrations Thread
« Reply #1553 on: May 07, 2017, 09:21:47 AM »
Came here to celebrate.  Just hit $750K net worth today (and see the note below for why this is an especially huge deal for ol' ToughMother!)

We started tracking and aggressively working on this, here are our benchmarks:
4/3/14    $430k (start)
9/19/14    $500k
11/6/14    $550k
5/9/15    $600k
4/13/16    $650k
9/7/16    $700k
5/6/17   $750k

We also paid cash for major house remodeling ($48k) and started to pay for a wedding between oct 2016 and this month (with another $20K wedding costs to come between now and october).  Neither of us make a ton, but we're rocking it.

MMM mentality to the rescue! (BTW, truly a rescue for me -- I was out of the workforce for 8 years due to meningitis and recovery.  I'm grateful I never went bankrupt even though I dealt with huge medical bills, no income, no family support.  So working now and being able to put money away is a big deal even though age-wise, I'm way behind many of you.)

Nice work, ToughMother!!  Very happy for you.

That's a hell of an expensive wedding...yikes!
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dougules

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Re: Celebrations Thread
« Reply #1554 on: May 08, 2017, 11:04:11 AM »
Came here to celebrate.  Just hit $750K net worth today (and see the note below for why this is an especially huge deal for ol' ToughMother!)

We started tracking and aggressively working on this, here are our benchmarks:
4/3/14    $430k (start)
9/19/14    $500k
11/6/14    $550k
5/9/15    $600k
4/13/16    $650k
9/7/16    $700k
5/6/17   $750k

We also paid cash for major house remodeling ($48k) and started to pay for a wedding between oct 2016 and this month (with another $20K wedding costs to come between now and october).  Neither of us make a ton, but we're rocking it.

MMM mentality to the rescue! (BTW, truly a rescue for me -- I was out of the workforce for 8 years due to meningitis and recovery.  I'm grateful I never went bankrupt even though I dealt with huge medical bills, no income, no family support.  So working now and being able to put money away is a big deal even though age-wise, I'm way behind many of you.)

Congrats.  You're still way ahead of the average Joe/Jane. 

ToughMother

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Re: Celebrations Thread
« Reply #1555 on: May 13, 2017, 07:33:27 AM »

author=dougules link=topic=3488.msg1544451#msg1544451 date=1494263051
Quote

Congrats.  You're still way ahead of the average Joe/Jane.

Thanks a mil (3/4 that is), dougules!!!  Appreciate the support from fellow/ette Badasses!
« Last Edit: June 04, 2017, 07:14:20 PM by ToughMother »
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ToughMother

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Re: Celebrations Thread
« Reply #1556 on: May 13, 2017, 07:41:03 AM »

Nice work, ToughMother!!  Very happy for you.

That's a hell of an expensive wedding...yikes!

Hi NinetyFour and thanks for the kudos.  I know you are on a similar trajectory.  I know you carefully spend in your areas of great joy like camping and hiking.  We do too but we're more homebodies and love the outdoors too (minus the camping part).  So we spend our hard-earned money on the things that make us happy like our house and our wedding with dear friends and family from all over the country. 

There will be fabulous food, music, flowers, dancing, bonfire, and mountains to enjoy together with friends and family from our whole lives.  We're getting many great deals for the shindig we're putting on and couldn't be happier to spend the money that we saved for this experience. Could we have done a quicky wedding for <$100?  Of course.  But this is an experience that we're both looking forward to (followed by a trip to Italy the next year once we save up again).  Everything cash!!
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Pooperman

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Re: Celebrations Thread
« Reply #1557 on: May 13, 2017, 09:32:22 AM »
We will pass the $100k mark on Monday morning when I get paid. Took us just under 3 years to go from no savings and a car (worth about $8k at the time) to attaining a six-figure net worth.

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Re: Celebrations Thread
« Reply #1558 on: May 15, 2017, 02:33:15 PM »
We will pass the $100k mark on Monday morning when I get paid. Took us just under 3 years to go from no savings and a car (worth about $8k at the time) to attaining a six-figure net worth.
Congrats! That's a big milestone!
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Pooperman

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Re: Celebrations Thread
« Reply #1559 on: May 15, 2017, 03:54:49 PM »
We will pass the $100k mark on Monday morning when I get paid. Took us just under 3 years to go from no savings and a car (worth about $8k at the time) to attaining a six-figure net worth.
Congrats! That's a big milestone!

Thanks! Looks like $100,500 roughly as of day's end due to the markets. Very happy to finally cross that line. Investments lag behind at about $60k, but they'll catch up in another year or two.

Secretly Saving

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Re: Celebrations Thread
« Reply #1560 on: May 15, 2017, 04:55:18 PM »
Thoroughly happy to have just started the process to refinance our primary home at a lower interest rate and to a 15 yr mortgage with under $100 in costs! 

On top of that, also thrilled to be refinancing a rental property with the same basic deal (down to from 30 yr to a 15 yr, decent drop in the rate etc) and due to property value increases, we are also now able own another rental out right by the end of the deal.

Yippee! 

Izybat

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Re: Celebrations Thread
« Reply #1561 on: May 16, 2017, 06:39:30 PM »
I just tallied it up and realized that my various 401Ks/TSPs/IRAs total up to over $100,000! I was expecting to hit it this year, but not until later. I can't believe I missed it until now.

NinetyFour

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Re: Celebrations Thread
« Reply #1562 on: May 16, 2017, 07:17:26 PM »

Nice work, ToughMother!!  Very happy for you.

That's a hell of an expensive wedding...yikes!

Hi NinetyFour and thanks for the kudos.  I know you are on a similar trajectory.  I know you carefully spend in your areas of great joy like camping and hiking.  We do too but we're more homebodies and love the outdoors too (minus the camping part).  So we spend our hard-earned money on the things that make us happy like our house and our wedding with dear friends and family from all over the country. 

There will be fabulous food, music, flowers, dancing, bonfire, and mountains to enjoy together with friends and family from our whole lives.  We're getting many great deals for the shindig we're putting on and couldn't be happier to spend the money that we saved for this experience. Could we have done a quicky wedding for <$100?  Of course.  But this is an experience that we're both looking forward to (followed by a trip to Italy the next year once we save up again).  Everything cash!!

Oh, I didn't realize it was YOUR wedding!  Congratulations!!  Sounds like it will be a wonderful event, and yes, by all means, if you want to spend money on that and it will make you happy and you can afford it, then go for it!!  I hope that your wedding and your marriage are everything you are hoping for!  :)
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Pooperman

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Re: Celebrations Thread
« Reply #1563 on: May 16, 2017, 07:39:39 PM »
I just tallied it up and realized that my various 401Ks/TSPs/IRAs total up to over $100,000! I was expecting to hit it this year, but not until later. I can't believe I missed it until now.

Very nice!

Cookie78

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Re: Celebrations Thread
« Reply #1564 on: May 25, 2017, 05:38:45 AM »
Sold my car yesterday! Used the profits to max my RRSP!

Sibley

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Re: Celebrations Thread
« Reply #1565 on: May 26, 2017, 05:57:20 AM »
I bought a house! Closed on Monday, get possession today.

NESailor

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Re: Celebrations Thread
« Reply #1566 on: June 02, 2017, 01:12:28 PM »
I bought a house! Closed on Monday, get possession today.

Congrats!


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Re: Celebrations Thread
« Reply #1567 on: June 02, 2017, 01:14:54 PM »
Got an offer letter today.  Current total annual comp is around 92K in a LCOL area.  This includes some variable comp.  New offer from a different business in a completely different industry (but a related function - financial stuff) is 118K and change - straight salary.  Better benefits too.  I don't think I can refuse this one!

dreadmoose

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Re: Celebrations Thread
« Reply #1568 on: June 02, 2017, 01:20:24 PM »
Sold my car yesterday! Used the profits to max my RRSP!

Congratulations! That's a huge one I've been toying with but talk myself out of every time eventually (one truck household, wife uses it way more and it's in great condition right now).
Just starting on my FIRE journey, hopefully posting here creates accountability and eventually lowers my very anti-mustachian life habits.

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Re: Celebrations Thread
« Reply #1569 on: June 02, 2017, 08:30:43 PM »
Husband just got upgraded from a teaching assistantship to a fellowship. More money, fully paid health insurance, and no work requirement. Guaranteed support at that level until he defends his dissertation (assuming he doesn't suck, of course).

Freckles

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Re: Celebrations Thread
« Reply #1570 on: June 02, 2017, 10:59:48 PM »
Woo-hoo!

dougules

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Re: Celebrations Thread
« Reply #1571 on: June 03, 2017, 02:11:52 PM »
Holy Fuck!  We're millionaires. 

Izybat

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Re: Celebrations Thread
« Reply #1572 on: June 03, 2017, 03:40:09 PM »
Holy Fuck!  We're millionaires.

Congrats! That's seriously amazing. I can't wait to say that myself (though that is a long way off for us).

dougules

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Re: Celebrations Thread
« Reply #1573 on: June 03, 2017, 04:52:40 PM »
Holy Fuck!  We're millionaires.

Congrats! That's seriously amazing. I can't wait to say that myself (though that is a long way off for us).

I thought it was for us, too.  It came a lot quicker than I expected. 

ToughMother

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Re: Celebrations Thread
« Reply #1574 on: June 04, 2017, 05:45:01 PM »
Holy Fuck!  We're millionaires.

Holy Fuck indeed!!! A million congratulations!!! (Take us all to mustache school!)
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MinnieAG

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Re: Celebrations Thread
« Reply #1575 on: June 09, 2017, 09:20:36 AM »
At 22 years old I reached a six figure net worth this week!!

dougules

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Re: Celebrations Thread
« Reply #1576 on: June 09, 2017, 10:49:25 AM »
At 22 years old I reached a six figure net worth this week!!

Congrats. If you don't mind me asking, how did you get there so early?

CloserToFree

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Re: Celebrations Thread
« Reply #1577 on: June 13, 2017, 09:04:08 AM »
Congrats to everyone hitting milestones on this thread!  We just passed $900k of investments a couple weeks ago at age 35/36.  Am feeling pretty awesome about how close we are to FIRE (for us, will probably be when our investments hit $1m or thereabouts, bc we have some other real estate that will be sold in the next few years and added to the pile).  Can't wait to be free from the need to work :)

MinnieAG

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Re: Celebrations Thread
« Reply #1578 on: June 19, 2017, 08:11:15 PM »
At 22 years old I reached a six figure net worth this week!!

Congrats. If you don't mind me asking, how did you get there so early?

Not at all! A number of factors have fast-tracked my progress.

I graduated with my bachelor's degree in 2015 (with zero debt/student loans thanks to my parents). By this point, I had already saved up a good chunk of change from various jobs/internships as well as savings bonds received from grandparents growing up (~$15k). I got married that January, and my husband (25) had saved up roughly $30k between his Roth IRA and 401k. I landed a job in sales straight out of school, earning $60k + commission + phone + car (including gas and insurance... this really adds up!). We sold my car when I was given a company car and invested that money (~$10k). We invest nearly all of my salary, and a large chunk of my husband's $110k salary. It is certainly in our favor that our investments over the last year and a half have returns of 20%+... obviously this won't be the case every year.

We try to live conservatively as DINKs in preparation for the future. Within the next couple of years, we'd like to start a family, and I have the goal of staying home with our children. By not relying on my salary whatsoever, we will hopefully feel a bit more prepared if we become a one-salary household! :)

jengod

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Re: Celebrations Thread
« Reply #1579 on: June 24, 2017, 12:48:53 AM »
This is a bit of an unusual celebration for this thread, but we are now the proud owners of a cargo bicycle. It has four seats for passengers and lots of room for cargo. Hoping to take the kids to activities in it, as well as going to pick up the chicken feed without having to "park." It was very expensive for a bicycle, but it was my 40th birthday present and it's much cheaper than almost any car.
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Trifele

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Re: Celebrations Thread
« Reply #1580 on: June 24, 2017, 05:04:33 AM »
This is a bit of an unusual celebration for this thread, but we are now the proud owners of a cargo bicycle. It has four seats for passengers and lots of room for cargo. Hoping to take the kids to activities in it, as well as going to pick up the chicken feed without having to "park." It was very expensive for a bicycle, but it was my 40th birthday present and it's much cheaper than almost any car.

Congratulations Jengod!  That is awesome.  And happy birthday!

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Re: Celebrations Thread
« Reply #1581 on: June 28, 2017, 03:34:38 PM »
Just joined the forum community and celebrating a few items:
  • Convinced spouse to downsize home last year, and she admitted it's been easier to adjust than she thought.  175k in home equity with a very manageable mtg that I'm hoping to pay down asap.  Sold it as a 2-3 year tryout, so she's already looking at RE again, but I'm hoping another year or 2 of lower taxes and financial flexibility helps her reconsider
  • hit 200k+ in investments earlier this year (195 pre tax, 25k taxable)
  • Committing max to 401k
  • 2nd car debt done in 2018, no debt other than mtg!
  • Wife going from .5 to .6 position for a healthy bump in salary (covers cost of increased child care)

All reasons to celebrate...woo hoo!

cloudsail

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Re: Celebrations Thread
« Reply #1582 on: June 28, 2017, 05:48:25 PM »
Our net worth recently exceeded $2M :D

(Side note: I still vividly remember walking on my college campus with my friends and fantasizing about when one of us might make a million bucks. At the time, I thought it would take much longer than it did, but I also thought that I would feel much richer than I do. LOL)

wannabe-stache

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Re: Celebrations Thread
« Reply #1583 on: July 10, 2017, 12:32:20 PM »
Use this thread to post your mini-accomplishments so we can celebrate with you!

If you have a bigger accomplishment, feel free to start your own thread in the Share Your Badassity section of the forums, but for small milestones, things you just want to share with someone, but don't really have anyone to share it with (besides maybe your partner), toss em out there so we can celebrate with you!

This is kind of a "hello" to the MMM community and a general celebration post as well.

For years, i have asked "where did it go" after seeing our tax returns come in with pretty high AGI (both DW and I make good wages).  We are pretty good savers, always maxing out 401K, but we spent so much money without thinking about the value.  I probably have 20 bottles of wine in my house that cost us more than $150 per bottle just because we "could afford it".

I came across FI concepts 2 months ago and it really opened my eyes.  In the last two months we have:

- moved all $ into low cost funds (50% was basically in cash and the others were sporadically invested in ETFs)
- Sold $1000s of stuff that was sitting around the house that we didn't need (bike racks, a guitar, TVs, etc)
- canceled cable
- started shopping at costco/target instead of running to the high priced grocery next door
- started budgeting and tracking everything in excel
- sold my 10mpg BMW X5 yesterday and bought a used CR-V that gets 34 mpg highway. i was grinning from ear to ear as i watched the MPG meter driving home yesterday.
- started taking the train to work and jogging home (around 5 miles but i am a runner so that's not a long distance)
- cancelled 2 $160/month equinox memberships
- cut out countless other expenses
- got a free breadmaker and make our own bread (still not coming out right)
- we determined that even with all the "mistakes" we made, and even though we are expecting our first child in 10 days, we can both definitely retire very comfortably in 10 years max.  if we followed the strict 4% SWR and cut back our expenses we could probably retire right now, in fact.
- the best part is that we are sharing with friends and family, to a limited extent.  they think i have absolutely lost my mind.

Just wanted to say thanks to no one, and everyone, in particular.  The best way to capture the feeling is "liberating".

dougules

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Re: Celebrations Thread
« Reply #1584 on: July 10, 2017, 12:52:52 PM »
Use this thread to post your mini-accomplishments so we can celebrate with you!

If you have a bigger accomplishment, feel free to start your own thread in the Share Your Badassity section of the forums, but for small milestones, things you just want to share with someone, but don't really have anyone to share it with (besides maybe your partner), toss em out there so we can celebrate with you!

This is kind of a "hello" to the MMM community and a general celebration post as well.

For years, i have asked "where did it go" after seeing our tax returns come in with pretty high AGI (both DW and I make good wages).  We are pretty good savers, always maxing out 401K, but we spent so much money without thinking about the value.  I probably have 20 bottles of wine in my house that cost us more than $150 per bottle just because we "could afford it".

I came across FI concepts 2 months ago and it really opened my eyes.  In the last two months we have:

- moved all $ into low cost funds (50% was basically in cash and the others were sporadically invested in ETFs)
- Sold $1000s of stuff that was sitting around the house that we didn't need (bike racks, a guitar, TVs, etc)
- canceled cable
- started shopping at costco/target instead of running to the high priced grocery next door
- started budgeting and tracking everything in excel
- sold my 10mpg BMW X5 yesterday and bought a used CR-V that gets 34 mpg highway. i was grinning from ear to ear as i watched the MPG meter driving home yesterday.
- started taking the train to work and jogging home (around 5 miles but i am a runner so that's not a long distance)
- cancelled 2 $160/month equinox memberships
- cut out countless other expenses
- got a free breadmaker and make our own bread (still not coming out right)
- we determined that even with all the "mistakes" we made, and even though we are expecting our first child in 10 days, we can both definitely retire very comfortably in 10 years max.  if we followed the strict 4% SWR and cut back our expenses we could probably retire right now, in fact.
- the best part is that we are sharing with friends and family, to a limited extent.  they think i have absolutely lost my mind.

Just wanted to say thanks to no one, and everyone, in particular.  The best way to capture the feeling is "liberating".

Congrats.  You should add

- got excited about doing it

Izybat

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Re: Celebrations Thread
« Reply #1585 on: July 11, 2017, 04:07:14 AM »
For the first time in 14+ years (even longer for my husband)... We have no credit card debt!!!!!!

We've managed to pay off all three of our credit cards in the last 7 months (probably close to $20,000). I can't believe it. Now, the only thing remaining is a car loan (I'm not counting the mortgage).

Trifele

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Re: Celebrations Thread
« Reply #1586 on: July 11, 2017, 04:16:45 AM »
Congrats Izybat!  Nice milestone. 

Welcome Wannabe-Stache!   Congrats on the turnaround -- and congrats on your soon-to-be first child!

1967mama

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Re: Celebrations Thread
« Reply #1587 on: July 11, 2017, 06:31:17 AM »
What a great list wannabe-stache! I read it out to my husband. That's a lot of change in a very short time!

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Re: Celebrations Thread
« Reply #1588 on: July 11, 2017, 07:21:42 AM »
- we determined that even with all the "mistakes" we made, and even though we are expecting our first child in 10 days, we can both definitely retire very comfortably in 10 years max.  if we followed the strict 4% SWR and cut back our expenses we could probably retire right now, in fact.
[...]
Just wanted to say thanks to no one, and everyone, in particular.  The best way to capture the feeling is "liberating".

Congratulations on the new addition!
Using procrastination to my advantage since 2001.

Check2400

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Re: Celebrations Thread
« Reply #1589 on: July 11, 2017, 10:26:36 AM »
With my 401K deposits from last month finally hitting, I've broken $100,000 in just my 401k/Rollover/Roth etc. retirement accounts! 

Weird to think that if I include my much smaller (~25K) taxable accounts, I could not save another dime and retire at 'normal'
 retirement age a millionaire. 

chasingthegoodlife

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Re: Celebrations Thread
« Reply #1590 on: July 12, 2017, 03:53:27 PM »
Updated all our numbers last night for end of financial year.

I hadn't updated SO's investment property value for two years, and the adjustment last night pushed our networth to over $1million.

That is bananas.

(That includes our house, FIRE isn't a goal for him (yet), and I won't do anything until I'm sure my individual numbers will stand on their own, but if all the shit hit the fan at once we would probably be FI and that's kind of blowing my mind.)





Exflyboy

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Re: Celebrations Thread
« Reply #1591 on: July 13, 2017, 10:48:37 AM »
For the first time in 14+ years (even longer for my husband)... We have no credit card debt!!!!!!

We've managed to pay off all three of our credit cards in the last 7 months (probably close to $20,000). I can't believe it. Now, the only thing remaining is a car loan (I'm not counting the mortgage).

Soon you will be able to do the "debt free scream"....:)

Congrats so far.

caseyzee

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Re: Celebrations Thread
« Reply #1592 on: July 14, 2017, 01:39:38 PM »
I'm a millionaire!

I know most people say it's no big deal, but I swear I have tears of joy and I'm just so grateful to be where I am.  I'm a lucky, lucky person.

Disclaimer - I am old, especially for this site.  I'm 51.  I calculate my net worth quarterly, and just crossed over with the last check in.

I'm so grateful because I truly feel like I've had some challenges.  My Mom had a stroke when I was 26.  She was only 52.  And my siblings and I supported her for the next 20 years through ever more complex living arrangements - starting at assisted living and graduating to a full scale nursing home.  Yeah, that shit's not cheap.  But, you deal with the life you have, I guess, and she had as good a 20 years as you can have in those circumstances.

10 years ago I had a pair of twins, and I've always been the sole parent.  Their birth coincided with the stock market downturn and with childcare costs, I had to reduce my 401k contributions down to just 5%.  I still regret that one.  Really regret it.  But, I try to shovel as much as I can in now.

I'm fairly spendy, due mostly to time constraints I think.  I don't shop at a grocery store unless it is between work and home.  I spend money on pre chopped mirepoix, rather than chopping myself, again to save time, yada, yada.

I'm at about 22% home equity, the rest retirement type savings.  Unfortunately, I don't see myself being able to retire until my house is paid off.  I've got 8.5 more years to go.  I live in a fairly HCOL area and my 1080 squares costs me just over $3000 a month for PITI.  I work in a dying industry and I hope to ride this train til the end, but it's possible we won't make it for those 8.5 years.  If that happens, I'll explore moving to a LCOL area and calling it a day, healthcare willing.

Sibley

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Re: Celebrations Thread
« Reply #1593 on: July 14, 2017, 08:00:18 PM »
Ok, this is dumb, but for me it counts. I finally live somewhere where I can post on FB that I could use a 2nd pair of hands for 5 minutes on a Saturday to help me do something really easy, and I got a response within 10 minutes from a friend, she's coming tomorrow. And another friend posted 5 minutes later that if it falls through, he'll turn up.

I love having friends near me :)

Exflyboy

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Re: Celebrations Thread
« Reply #1594 on: July 14, 2017, 11:34:24 PM »
I'm a millionaire!

I know most people say it's no big deal, but I swear I have tears of joy and I'm just so grateful to be where I am.  I'm a lucky, lucky person.

Disclaimer - I am old, especially for this site.  I'm 51.  I calculate my net worth quarterly, and just crossed over with the last check in.

I'm so grateful because I truly feel like I've had some challenges.  My Mom had a stroke when I was 26.  She was only 52.  And my siblings and I supported her for the next 20 years through ever more complex living arrangements - starting at assisted living and graduating to a full scale nursing home.  Yeah, that shit's not cheap.  But, you deal with the life you have, I guess, and she had as good a 20 years as you can have in those circumstances.

10 years ago I had a pair of twins, and I've always been the sole parent.  Their birth coincided with the stock market downturn and with childcare costs, I had to reduce my 401k contributions down to just 5%.  I still regret that one.  Really regret it.  But, I try to shovel as much as I can in now.

I'm fairly spendy, due mostly to time constraints I think.  I don't shop at a grocery store unless it is between work and home.  I spend money on pre chopped mirepoix, rather than chopping myself, again to save time, yada, yada.

I'm at about 22% home equity, the rest retirement type savings.  Unfortunately, I don't see myself being able to retire until my house is paid off.  I've got 8.5 more years to go.  I live in a fairly HCOL area and my 1080 squares costs me just over $3000 a month for PITI.  I work in a dying industry and I hope to ride this train til the end, but it's possible we won't make it for those 8.5 years.  If that happens, I'll explore moving to a LCOL area and calling it a day, healthcare willing.

You have done superbly well.. 99% of the population will never be in your position.. Very well done!

v8rx7guy

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Re: Celebrations Thread
« Reply #1595 on: July 15, 2017, 07:54:50 AM »
I received notice that I just got my first patent!  It is work related, but still pretty cool!

MoMan

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I need a new calculator!! (7-figure-'stache)
« Reply #1596 on: July 17, 2017, 07:37:44 AM »
It's official! I added up my investable assets and the total this morning crossed the one-million mark. That is one digit more (with the penny decimal places) than my puny, handheld calculator will display.

Alas, it is temporary: 2 weeks ago I was informed that two of my older root canals were failing and must be replaced with implants. Total bill: $12k before insurance (which may cover up to $2.5k). But that is just the reason we all strive to maintain proper emergency savings, so now I will reluctantly dip into my HSA for the first time ever.

Also, for reference to younger folks who might feel $1M is unobtainable:
I am 52 years old. My savings rate is currently about 37%. Base salary $68k. No kids, no dependents and my only debt is $10k left on the mortgage. Many of you are likely in a better position than I was at your age. 

--M
"He is richest who is contented, for content is the wealth of nature."

Exflyboy

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Re: I need a new calculator!! (7-figure-'stache)
« Reply #1597 on: July 17, 2017, 10:29:11 AM »
It's official! I added up my investable assets and the total this morning crossed the one-million mark. That is one digit more (with the penny decimal places) than my puny, handheld calculator will display.

Alas, it is temporary: 2 weeks ago I was informed that two of my older root canals were failing and must be replaced with implants. Total bill: $12k before insurance (which may cover up to $2.5k). But that is just the reason we all strive to maintain proper emergency savings, so now I will reluctantly dip into my HSA for the first time ever.

Also, for reference to younger folks who might feel $1M is unobtainable:
I am 52 years old. My savings rate is currently about 37%. Base salary $68k. No kids, no dependents and my only debt is $10k left on the mortgage. Many of you are likely in a better position than I was at your age. 

--M

Congrats on the $1M...Have you thought of taking a trip abroad for the implants?.. lots of references should be available for great foreign dentists in Thailand, Mexico etc.

caseyzee

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Re: Celebrations Thread
« Reply #1598 on: July 17, 2017, 11:09:46 AM »
Quote
You have done superbly well.. 99% of the population will never be in your position.. Very well done!

Thank you!  I really appreciate where I am, it feels like a relief.

MoMan

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Re: I need a new calculator!! (7-figure-'stache)
« Reply #1599 on: July 17, 2017, 02:02:38 PM »
Have you thought of taking a trip abroad for the implants?

The deed is already done and the credit card already charged.
"He is richest who is contented, for content is the wealth of nature."