Thanks, everyone! It's always amazing how supportive and positive the MMM community is. To answer a few questions in no particular order:
Congratulations!
What are your FIRE plans?
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Sidenote:
The way you titled it reminds me - some Asian cultures used to put commas every four digits, not every three. It made sense with their language though - there's words for hundred, thousand, and ten thousand. So you'd say ten ten thousand, not hundred thousand.
If you need another goal....try hitting two commas under that system! ;)
Haha, I don't think I will ever need to hit 2 commas under that system, but you never know :) FIRE plan is to keep working. I feel incredibly fortunate to be at the job I'm at. I get to solve hard problems with a group of people who are also my best friends and they pay way too much. I don't see a reason to leave anytime soon - I'm not really itching to do anything else.
Congrats!!
I am very curious if this was a sub goal or final goal and how your plans may change going forward. Plans as in savings rate, risk diversification, outlook on work and life, etc.
The $1M mark was a sub-goal. My real goal is $3M by 40. I'm having fun working, so see no reason to slow it down.
Congrats, I am a year older than you and at $750K. Keep up the great work!!
I was at $750k last year. It can pick up FAST once you get all your MMM spending in place and just shovel money into investments. Of course, anything can happen with the market. I might be back to $750k tomorrow - who knows. I'm not worried about it either way. As MMM says, put the right processes in place and don't sweat the details. You'll get there if you do the right things.
Congratulations! I tried to look at your blog to see how you were able to accomplish this, but the link was broken :(
OMG I was too cheap to keep paying the subscription! It wasn't really anything remarkable except a little more of my spin on some of the same stuff discussed on this forum.
Congrats!
I recently went over $1MM according to mint.com. However, I use Zillow to estimate my house value on mint.com so even if it is accurate it does not include fees associated with turning the house into a liquid asset.
I think the bigger milestone for me will be $1MM in investable assets (we are at 750k now).
What are your FIRE plans?
Yea, I definitely would need to caveat this "milestone" because it doesn't include some of those things you mentioned, or the cost of liquidating my current investments. If I were to actually sell all my stock, the taxes would bump me much lower real fast. I also put in a zillow estimate, but I feel it's pretty conservative because I recently put a 100k addition on my house (cash) and haven't gotten the value reassessed (I would assume it would at least bump up the value by $50k). All that being said, I'm at about $850k of invested assets, $100k home equity, and about $50k cash.
Thanks again, everybody!