Author Topic: 0.1M net worth!  (Read 10419 times)

dahlink

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0.1M net worth!
« on: November 21, 2012, 10:14:54 PM »
I checked mint.com this morning and to my surprise I had a unexpected deposit of about 3k that put me over the 100k mark for net worth for the first time in my life.  This includes some personal property but its mostly cash and investments.  The most expensive item I own is a car (no house).  Anyways, I thought it was pretty badass myself.  So now to boost my ego even more i call my self a point 1 millionaire lol.

Fetlock

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Re: 0.1M net worth!
« Reply #1 on: November 21, 2012, 10:30:25 PM »
Congrats!

I'm within a stone's toss of this milestone myself, so I know what you feel like.

arebelspy

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Re: 0.1M net worth!
« Reply #2 on: November 22, 2012, 01:02:40 AM »
Congrats!  :)

I always like looking at what my typical peer has saved, and what I have saved versus different age brackets.  Kinda fun to think my NW fits in better with the 50+ than young people.  You as well. ;)
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
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Adventine

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Re: 0.1M net worth!
« Reply #3 on: November 22, 2012, 07:08:13 AM »
Congratulations! Hitting a milestone like that is always a cause for celebration.

Khao

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Re: 0.1M net worth!
« Reply #4 on: November 22, 2012, 07:22:45 AM »
Congratulations! It must feel awesome to hit that milestone. Can't wait to do the same myself... I'm only a 0.003 millionaire. *sigh* at least it's still progress compared to my recent -10k net worth.

meadow lark

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Re: 0.1M net worth!
« Reply #5 on: November 22, 2012, 07:47:16 AM »
Yay!  Wonderful!

DreamingofFreedom

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Re: 0.1M net worth!
« Reply #6 on: November 22, 2012, 08:16:07 AM »
Congratulations!  It's an important milestone.  :)

plantingourpennies

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Re: 0.1M net worth!
« Reply #7 on: November 22, 2012, 12:14:02 PM »
Hell yeah! Congrats...I think tracking NW and celebrating success is a great way to keep your savings on track.

grantmeaname

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Re: 0.1M net worth!
« Reply #8 on: November 22, 2012, 12:39:58 PM »
Can't wait to do the same myself... I'm only a 0.003 millionaire.
Hey, me too! It's all good, we're headed in the right direction.

Honest Abe

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Re: 0.1M net worth!
« Reply #9 on: November 22, 2012, 06:12:50 PM »
Congrats!!!

okits

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Re: 0.1M net worth!
« Reply #10 on: November 22, 2012, 09:40:15 PM »
Congratulations!  That is definitely badass!  Gaining an extra digit to your NW is a big deal so enjoy the feeling (the next one is a bit farther away, but I expect will feel very good, too!)

Jamesqf

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Re: 0.1M net worth!
« Reply #11 on: November 22, 2012, 11:04:17 PM »
You need a set of intermediate goals, like getting the 401k/IRA to six figures, doing the same with your personal investments, etc.

BPA

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Re: 0.1M net worth!
« Reply #12 on: November 23, 2012, 06:56:14 AM »
Excellent!!!

dahlink

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Re: 0.1M net worth!
« Reply #13 on: November 23, 2012, 12:53:25 PM »
You need a set of intermediate goals, like getting the 401k/IRA to six figures, doing the same with your personal investments, etc.

Just so happens I do have those goals!  I'm just not there yet but wanted to celebrate this milestone.  Thanks for the encouragement and advice.

kkbmustang

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Re: 0.1M net worth!
« Reply #14 on: November 25, 2012, 06:44:35 PM »
Congratulations!

Blindsquirrel

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Re: 0.1M net worth!
« Reply #15 on: November 26, 2012, 04:21:23 PM »
 Good for you! Fat stax of cash is the way to be.

Herr Handlebar

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Re: 0.1M net worth!
« Reply #16 on: November 26, 2012, 05:24:43 PM »
Awesome! Depending on the state of my 401k today I may or may not be there with you (no worries there... that money has a long ride in the market ahead of it). I keep going back to MMM's "A Brief History of the ‘Stash: How we Saved from Zero to Retirement in Nine Years." While I don't think 9 years is going to get me there I always like to look at MMM's numbers and plot my position on his old map.

http://www.mrmoneymustache.com/2011/09/15/a-brief-history-of-the-stash-how-we-saved-from-zero-to-retirement-in-ten-years/

jpo

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Re: 0.1M net worth!
« Reply #17 on: November 27, 2012, 10:20:21 AM »
I am fairly close to hitting this goal as well, can't wait to see it happen!

fiveoh

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Re: 0.1M net worth!
« Reply #18 on: November 27, 2012, 10:38:41 AM »
Thats awesome, congrats!  Haven't hit it myself yet but definately a goal for me.

zoltani

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Re: 0.1M net worth!
« Reply #19 on: November 27, 2012, 03:34:58 PM »
Well, i am getting close to the same milestone, but I am about to buy a house so that will set me back quite a bit.  I follow the thinking that you shouldn't count your primary residence in your net work since you will always need a place to live.

AlexK

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Re: 0.1M net worth!
« Reply #20 on: November 27, 2012, 04:41:44 PM »
Congrats! The first $100k is by far the hardest to save, as you now have a growing "tailwind" of investment earnings pushing you along toward FI.


jrhampt

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Re: 0.1M net worth!
« Reply #21 on: November 28, 2012, 11:04:02 AM »
Awesome! Depending on the state of my 401k today I may or may not be there with you (no worries there... that money has a long ride in the market ahead of it). I keep going back to MMM's "A Brief History of the ‘Stash: How we Saved from Zero to Retirement in Nine Years." While I don't think 9 years is going to get me there I always like to look at MMM's numbers and plot my position on his old map.

http://www.mrmoneymustache.com/2011/09/15/a-brief-history-of-the-stash-how-we-saved-from-zero-to-retirement-in-ten-years/

I do this too whenever I'm getting discouraged and want some motivation.  I think we're between years 6 and 7 right now, which isn't too bad on his timeline. 

chucklesmcgee

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Re: 0.1M net worth!
« Reply #22 on: November 29, 2012, 04:47:01 PM »
Congrats! The first $100k is by far the hardest to save, as you now have a growing "tailwind" of investment earnings pushing you along toward FI.

Yeah, it's amazing how much the interest alone will start generating. I remember my dad extolling me on the virtues of interest when I got my first statement from my savings account that had I think $50 in it - "You got a nickel- a whole nickel- for doing NOTHING!" and thinking, ok, hmm, great. Now the interest from my stash could almost cover my rent. Pretty awesome.

Free in Ten Years

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Re: 0.1M net worth!
« Reply #23 on: December 08, 2012, 05:56:51 PM »
Congrats on becoming a hundred-thousandaire.

The_Dude

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Re: 0.1M net worth!
« Reply #24 on: December 10, 2012, 01:26:53 PM »
Way to go!  I hit a personal mile stone like that earlier this year.  Next one feels like a loooooooong ways off lol.

Tom Reingold

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Re: 0.1M net worth!
« Reply #25 on: December 10, 2012, 02:32:25 PM »
Congratulations! It must feel awesome to hit that milestone. Can't wait to do the same myself... I'm only a 0.003 millionaire. *sigh* at least it's still progress compared to my recent -10k net worth.

You and dahlink are both extremely badass. In a sense, going from negative to positive is the most significant milestone.

Khao

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Re: 0.1M net worth!
« Reply #26 on: December 11, 2012, 08:05:30 AM »
You and dahlink are both extremely badass. In a sense, going from negative to positive is the most significant milestone.

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