Author Topic: Not "badass" per se but exciting financial step  (Read 1967 times)

spaghetti1awk

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Not "badass" per se but exciting financial step
« on: April 30, 2021, 08:28:37 AM »
Last spring I discovered MMM and started to think about how to be more responsible with the investing side of money (instead of just the not spending side). For instance, I had no idea that I could add more to my 403b than my University already took out for me! I didn't even know it was called a 403b. In checking balances this end of month, I discovered that my retirement accounts have fully doubled in the last year (from 65K to 134K)! I am so thankful for all the advice given here to get me going! (I hear much of that growth is just cause the market did well, but I'm still excited, because the increase is as much as a year's salary!)

Things I did (thanks to your advice, and that of the investment order thread!):

added more money to my employer 403b than just the 7.5% match and continue to have additional taken out each paycheck to get to max

opened and fully funded 2020 and 2021 Roth IRA

opened and started funding 529 for my youngest (already have for older two)

got my 15yo started with their own Roth IRA

oh, and I closed on a house yesterday under asking price (which is unheard of right now in my market) with a negotiated brand new sewer line.

So, I guess this is more of a gratitude post than a share your badassity post, but thank you all!

socaso

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Re: Not "badass" per se but exciting financial step
« Reply #1 on: April 30, 2021, 10:24:19 AM »
Isn't it so great when you don't check your investments for a while and they surprise you with great returns? We have a 529 for our kid and some stock split and the value doubled in a few months. Very gratifying.

Congratulations on your successes!

Ladychips

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Re: Not "badass" per se but exciting financial step
« Reply #2 on: April 30, 2021, 12:18:04 PM »
Looks pretty badass to me!  This is great stuff (and future you is going to be so happy!)

draco44

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Re: Not "badass" per se but exciting financial step
« Reply #3 on: April 30, 2021, 11:44:36 PM »
That's especially great about getting your 15yo started with their own Roth IRA. You are setting your family up for multiple generations of financial success!

cool7hand

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Re: Not "badass" per se but exciting financial step
« Reply #4 on: May 01, 2021, 06:27:05 AM »
Impressive. Most impressive!

spaghetti1awk

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Re: Not "badass" per se but exciting financial step
« Reply #5 on: May 01, 2021, 08:16:03 AM »
Thank you all - It is very exciting stuff! Next up, learn how to commute to work on a bike. Fortunately I see lots of forum resources to help!

Loren Ver

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Re: Not "badass" per se but exciting financial step
« Reply #6 on: May 09, 2021, 04:48:30 PM »
You are doing awesomely!  Way to go.  Many small steps really do add up, as does the compounding with time.