Author Topic: Stasche hit $300k for my 45th birthday!  (Read 4111 times)

Tyson

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Stasche hit $300k for my 45th birthday!
« on: March 20, 2017, 04:40:48 PM »
I can hardly believe it!  I started 2 years ago with $130k in my 401k and nothing else, and I found MMM (and a new, higher paying job).  Devoured the blog and started doing the changes pretty aggressively.  2 years later and $170k in savings/growth and holy crap does this stuff work!!!

Thank you all!

ducky19

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Re: Stasche hit $300k for my 45th birthday!
« Reply #1 on: March 20, 2017, 05:11:36 PM »
Great job, that is one helluvan accomplishment!!!
« Last Edit: March 20, 2017, 06:14:49 PM by ducky19 »

nouveauRiche

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Re: Stasche hit $300k for my 45th birthday!
« Reply #2 on: March 20, 2017, 06:00:23 PM »
Happy birthday!  Rock on!

tarheeldan

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Re: Stasche hit $300k for my 45th birthday!
« Reply #3 on: March 20, 2017, 06:27:15 PM »
Congratulations and Happy Birthday!

Full Beard

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Re: Stasche hit $300k for my 45th birthday!
« Reply #4 on: March 20, 2017, 07:49:57 PM »
Awesome!!  Happy Birthday!!

Guesl982374

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Re: Stasche hit $300k for my 45th birthday!
« Reply #5 on: March 21, 2017, 09:22:22 AM »
Congrats! It'll only accelerate so hold on!

runewell

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Re: Stasche hit $300k for my 45th birthday!
« Reply #6 on: March 21, 2017, 12:03:06 PM »
Congrats! It already accelerated so hold on!

I fixed your quote [IFYQ]

Tyson

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Re: Stasche hit $300k for my 45th birthday!
« Reply #7 on: March 21, 2017, 12:39:40 PM »
Thanks all!  It's crazy to see it go up or down in a day, more than I can contribute to it in a month :-O

And you are right, it doesn't make me want to slow down, it makes me want to step on the gas.  Woot!

Brother Esau

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Re: Stasche hit $300k for my 45th birthday!
« Reply #8 on: March 22, 2017, 09:30:55 PM »
HBD and congrats tyort1! Enjoy the ride UP

FIreDrill

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Re: Stasche hit $300k for my 45th birthday!
« Reply #9 on: March 22, 2017, 09:47:47 PM »
Congrats! That's a huge increase over just 2 years.  Way to go!

Sent from my SM-G935F using Tapatalk


prognastat

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Re: Stasche hit $300k for my 45th birthday!
« Reply #10 on: March 23, 2017, 11:55:02 AM »
Congrats, with a SWR of 4% that'd already be 12k per year.

Keep it up.

Tyson

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Re: Stasche hit $300k for my 45th birthday!
« Reply #11 on: March 23, 2017, 10:15:06 PM »
Of course immediately after I posted hitting $300k, the market drops and I'm back to $297k.  Oh well.  Guess I'll just have to take my $3k tax return and dump it into my Roth and fix THAT! 

HAPPYINAZ

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Re: Stasche hit $300k for my 45th birthday!
« Reply #12 on: March 24, 2017, 08:13:53 AM »
Outstanding!

force majeure

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Re: Stasche hit $300k for my 45th birthday!
« Reply #13 on: March 27, 2017, 03:51:22 AM »
Congrats. I would advise staying off Bogleheads website with this sort of information.
I got ridiculed when I mentioned my stash amount.

Tyson

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Re: Stasche hit $300k for my 45th birthday!
« Reply #14 on: March 27, 2017, 09:36:32 AM »
Congrats. I would advise staying off Bogleheads website with this sort of information.
I got ridiculed when I mentioned my stash amount.

I don't know what that means.  ?

prognastat

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Re: Stasche hit $300k for my 45th birthday!
« Reply #15 on: March 27, 2017, 11:04:12 AM »
Congrats. I would advise staying off Bogleheads website with this sort of information.
I got ridiculed when I mentioned my stash amount.

I don't know what that means.  ?

Bogleheads is another financial forum like here, however generally they aim for higher spending levels in retirement, a lower safe withdrawal rate(SWR) and due to those two combined factors generally a much larger stash than most on MMM or MMM himself would advocate.

For example on your 300k stash MMM and mustachios would probably congratulate on being almost half way done. Whereas on Bogleheads chances are they would maybe consider you a fifth of the way at best.

I haven't spent a large amount of time there though so I may be wrong in assuming this is what the poster meant.

Tyson

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Re: Stasche hit $300k for my 45th birthday!
« Reply #16 on: March 27, 2017, 11:36:44 AM »
Ah, so Bogleheads is more geared toward a higher spending lifestyle and thus longer working (and saving) time frames?  Or is it more for high earners like doctors/lawyers, C level employees and successful entrepreneurs? 

Either way, I think I'll stick with MMM as my main financial forum to hang out in.

prognastat

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Re: Stasche hit $300k for my 45th birthday!
« Reply #17 on: March 27, 2017, 12:51:36 PM »
Ah, so Bogleheads is more geared toward a higher spending lifestyle and thus longer working (and saving) time frames?  Or is it more for high earners like doctors/lawyers, C level employees and successful entrepreneurs? 

Either way, I think I'll stick with MMM as my main financial forum to hang out in.

Not all of them but the general crowd seems to feel that MMM levels of frugality are too much. Due to this the focus is less on curbing spending and more on higher income and a longer working career than MMM espouses.

It is all up to your level of frugality really.

If you want to shorten your time working the most and curb as much spending as you can tolerate there is Early Retirement Extreme(ERE), if you are looking to have a middle class lifestyle while FIRE then MMM is probably your man. If you want an upper middle class or better lifestyle in FIRE then Bogleheads is probably where you want to be.

 

Wow, a phone plan for fifteen bucks!