Author Topic: Broke $400,000 NW and feeling great!  (Read 1989 times)

Freedom Invested

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Broke $400,000 NW and feeling great!
« on: April 05, 2019, 03:16:17 PM »
We broke 400k NW and it didn't really feel much like sacrificing. This is mostly because of my parents teaching me to live within my means, a spouse who is also frugal, living in poverty through grad school (low debt), and thus being open to the FI movement when I stumbled across the MMM blog in 2014.

I became obsessed from the first post. I can do whatever the fuck I want if I spend less and invest well? I read every single post then branched out to r/FinancialIndependence and some of the other blogs.

Though despite this I didn't give up on my dream of owning a Corvette. I still bought it 'used' and 6 years old which is funny because most owners hardly ever use them. It is also my daily driver.

I really feel like I have FU money now - going to keep at it until we can retire!

ThatGuy

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Re: Broke $400,000 NW and feeling great!
« Reply #1 on: April 05, 2019, 08:33:19 PM »
Funny/sad story about a corvette owner in my hometown.  There is a couple that leased a corvette and then stored it in their garage for most of the year because, "you don't drive a corvette in the winter".  I'm not a genius but people like this make me look like one.

Not relevant to your success story but it just popped in my head when I read that you have a corvette.  I'm shocked by how much corvettes drop in value but I bet they're fun to drive.

Freedom Invested

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Re: Broke $400,000 NW and feeling great!
« Reply #2 on: April 05, 2019, 10:07:18 PM »
So dumb. Drive the dame thing... and hell ya they are a dream to drive. They definitely do drop in value initially. I purchased one in a sweet spot where they have not dropped too much value and are still some what modern.

I'll probably sell this one in 8-10 years and it'll still be worth about 10k even at ~100k miles. Then I'll buy a practical car - I lived my dream at that point. Even so this car is somewhat practical because I can fit my 29er mtn bike in the trunk! Unfortunately the new Corvettes (front engine c8) cannot do that.

Some people buy them brand new at 60K+ and they hardly drive them then sell them 20 years later for 15-20k with hardly any miles on them.


« Last Edit: April 05, 2019, 10:18:51 PM by Freedom Invested »

MasterStache

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Re: Broke $400,000 NW and feeling great!
« Reply #3 on: April 06, 2019, 06:58:48 AM »
Congrats OP. Keep up the good work!

Retireatee1

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Re: Broke $400,000 NW and feeling great!
« Reply #4 on: April 06, 2019, 10:29:49 AM »
Congrats!  LBYM sounds good but not as good as a purring LS3.

cincystache

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Re: Broke $400,000 NW and feeling great!
« Reply #5 on: April 06, 2019, 07:29:40 PM »
Congrats! Your 400,000 employees will work day and night getting you across the "FInish" line.

Freedom Invested

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Re: Broke $400,000 NW and feeling great!
« Reply #6 on: April 07, 2019, 08:23:01 AM »
Thanks all! I'm still debating if I want to FatFire or not (not spend more -- I like the idea of the extra security), but I'll wait to see how I feel about working longer later on!