Author Topic: Reached 300k in investments!!  (Read 3782 times)

espyfamoffour

  • 5 O'Clock Shadow
  • *
  • Posts: 12
  • Location: Midwest
Reached 300k in investments!!
« on: July 26, 2017, 12:47:23 PM »
Pre tax = 205k (401k's, 403b's, IRA's)
After tax = 97k (Savings, Roth IRA's)

Not including home equity or rental property equity.  Very excited to exceed 300k threshold, hoping to hit the 1 mil marker in 10 years continuing maxing out of 401k/403b and adding to after tax accounts as well.  2 little ones in the household and will be crucial to keep wife in downsize mode (she's already started looking at 400k homes with more sq ft than we need for our family of 4)

Nice to be able to share!

YoungGranny

  • Pencil Stache
  • ****
  • Posts: 751
  • Age: 33
Re: Reached 300k in investments!!
« Reply #1 on: July 26, 2017, 12:52:16 PM »
Congrats!

Jaayse

  • Bristles
  • ***
  • Posts: 307
  • Age: 37
  • Location: Somewhere on the Ocean
Re: Reached 300k in investments!!
« Reply #2 on: July 26, 2017, 03:10:04 PM »
Nice!  I hope to be there in the next two years.

Calvawt

  • Bristles
  • ***
  • Posts: 337
  • Location: Central CA
Re: Reached 300k in investments!!
« Reply #3 on: July 26, 2017, 04:46:55 PM »
Congrats! I doubt it will take 10 years if you are maxing retirement accounts and adding taxable funds as well.

If you figure out how to keep your SO in downsize mode please let me know.  I may be willing to pay for that guidance!

Stubblestache

  • Stubble
  • **
  • Posts: 161
Re: Reached 300k in investments!!
« Reply #4 on: July 27, 2017, 10:47:03 AM »
that's quite some milestone! congratulaitons

dougules

  • Magnum Stache
  • ******
  • Posts: 2899
Re: Reached 300k in investments!!
« Reply #5 on: July 27, 2017, 11:07:06 AM »
Congrats.  It only speeds up from there. 

nouveauRiche

  • Bristles
  • ***
  • Posts: 383
  • Location: HCOL - USA
Re: Reached 300k in investments!!
« Reply #6 on: July 27, 2017, 11:34:13 AM »
Great work, espyfamoffour!  Yeah - not exactly the type of news you can share on FB.

Rock on.

espyfamoffour

  • 5 O'Clock Shadow
  • *
  • Posts: 12
  • Location: Midwest
Re: Reached 300k in investments!!
« Reply #7 on: July 27, 2017, 03:30:41 PM »
Congrats! I doubt it will take 10 years if you are maxing retirement accounts and adding taxable funds as well.

If you figure out how to keep your SO in downsize mode please let me know.  I may be willing to pay for that guidance!

Thanks for the moral support, looking forward to finding ways to increase savings rate when possible.  As for the wife, she's planning on working forever so not in the mindset of making sacrifices...deadset on having a larger home for hosting/etc.  I'll let you know if I find a good way to get her on the MMM train.

nouveauRiche

  • Bristles
  • ***
  • Posts: 383
  • Location: HCOL - USA
Re: Reached 300k in investments!!
« Reply #8 on: July 27, 2017, 03:57:37 PM »
Congrats! I doubt it will take 10 years if you are maxing retirement accounts and adding taxable funds as well.

If you figure out how to keep your SO in downsize mode please let me know.  I may be willing to pay for that guidance!

Thanks for the moral support, looking forward to finding ways to increase savings rate when possible.  As for the wife, she's planning on working forever so not in the mindset of making sacrifices...deadset on having a larger home for hosting/etc.  I'll let you know if I find a good way to get her on the MMM train.

Can you find a compromise on the house?  Larger than you have now but smaller than the $400k houses?

Some good suggestions here (in case you haven't seen it yet):

https://forum.mrmoneymustache.com/ask-a-mustachian/how-to-convert-your-so-to-mmm-in-50-awesome-steps/

Dictator_Mars

  • 5 O'Clock Shadow
  • *
  • Posts: 15
Re: Reached 300k in investments!!
« Reply #9 on: July 27, 2017, 05:21:54 PM »
Inspiring, keep up the good work.

rdaneel0

  • Pencil Stache
  • ****
  • Posts: 646
Re: Reached 300k in investments!!
« Reply #10 on: July 27, 2017, 06:26:45 PM »
Congratulations! Well done :)

marshdesign

  • 5 O'Clock Shadow
  • *
  • Posts: 40
  • Age: 40
    • My Design Portfolio
Re: Reached 300k in investments!!
« Reply #11 on: August 01, 2017, 04:02:21 PM »
I can attest to the house thing and keeping your wife in downsize mode. As someone who just bought a 320k house, lifestyle creep is real! I work at home so having a nice house is more important than some. I am pretty good when it comes to managing money and saving, but the house thing got me, just wanted that house with the front porch, space and decent finishes. I am a sucker! But congrats on the 300k!

 

Wow, a phone plan for fifteen bucks!