Our first milestone

[MountainTown]

My wife and I hit our first milestone of $300,000 Networth this week. Roughly it's broken down as:

$55,000 CD's(down payment fund)
$235,000 Retirement Investments(TSP, IRA, 457, Roth IRA, State retirement plan, etc)

$10,000 (2 vehicles)

Hopefully I won't get judged for including my cars. I bought one of them last year so it did make a dent in our Networth.

The CD's have been a big drag on our investment return but given we are considering buying house within 1-3 years I figured it was prudent to keep some of the money there. If we are able to get ahead of maxing out our retirement accounts i may start putting money into taxable investments. So Far this has been pretty tough.

Saving to this point has felt glacial at times so I am hoping some of the money will start to do more of the lifting.

Just wanted to share!

[IndyPendent]

Congrats and well done! That’s a big number and hopefully brings you a lot of peace!


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[Cezil]

Congratulations and well done!  That's a great accomplishment!  We're still below the $100K mark.  I imagine at 300, it's starting to "seem real"?  Keep it up!  :)

[MountainTown]

Hah...I guess ya it does feel like we are really starting to build a stack. However it is getting to be drudgery and a little tough to be honest. I have lost my zeal for the idea....and yet we aren't seeing huge gains quite yet. I imagine that may start to change as my portfolio does more of the heavy lifting...

In the meantime I a m working on adjusting my attitude and also just taking it easy and not pushing too hard towards the goal. I really need to work on enjoying life, my wife, and family in the middle more.

[Brother Esau]

that's a big number, you should be proud. the first $100k is the hardest. each one after that gets easier. hang in there and god luck!

[SwordGuy]

You've gotten a really good start towards your FIRE number!   

Just re-invest those dividends and keep buying stock.

When the inevitable market crash comes, Rejoice! For unto you stocks will be On Sale!

Your net worth will temporarily drop like a stone and then, with the recovery on top of the cheap stocks you bought during the recession, that number will plump up really nicely!

[MountainTown]

Sorry everyone for not replying. I was on vacation. Thanks for the encouragement. Swordguy: yes I need to keep reminding myself it cold plummet any day now and not to be depressed about that. I have to admit I have grown attached to how far we have come. It's getting to the point where it would feel a lot more painful to watch it drop. That being said...this year has been weird. Pretty flat. We have just about maxed out her D. comp and all the IRA's. All that's left is the rest of my TSP which I can't rush(or I lose match).

[SwordGuy]

Remember, when stocks go on sale houses often go on sale.   And if you wait a bit more and learn how to look for them, some of them really go on sale.   Like 25-50% off.

Use this time to learn about how to invest in real estate.   Even if you don't want to be a landlord.  Why?  Because:


a)   it's always useful to know how to find property at a discount.  Why buy your home retail when you can buy one wholesale?
b)   if you buy a home to live in that would make a profitable rental property, and you later have to move but can't sell it, you're still ok.  If you buy a home that's too pricey for the rent you can get, you'll be stuck with paying for two places to live instead of one.   Not fun.

c)   if things really go south it's a lot easier to get your money out of a property if you didn't put much into it... :)

[soccerluvof4]

Well done but I wouldnt include the cars! :-)

[MountainTown]

Fair enough Soccer.

Hmmm interesting points Swordguy. Yea I have definitely been keeping my eye out. For now my wife and I have below market rent in an expensive neighborhood....so we are waiting until our family size grows before we jump for a house. It's been tough as we have watched real estate prices boom here. What used to be affordable is now almost out of reach unless we increase the downpayment.