Hi Mustachians!
100K at 50 years old is not an acomplishment worth mentionning for the vast majority of the Mustachians here, but for me it is…
I began reading MMM at the beginning of 2018, having always thought that I was not wired for savings (I was not « good with numbers », « rich enough to save », not « smart enough to understand those financial things »…name it). Since forever, I was allergic to debt, but was living paycheck to paycheck, even often slipping in the Red (oh, just a little bit).
So, after the reading of a few MMM articles beginning of 2018, I suggested my husband to sit with me to do a simulation of what will be our financial situation when retired (at 65 minimum, of course). The vision was almost looking like a Stephen King’s nightmare. Well, eating Kraft Dinner 4 times a week?
September 2018, my RRSP (I am in Canada) was 40K. 18 month later, I am at 100K, even with a 7 months couple separation in 2019 (no link with the saving efforts :-) )during which savings was hard .
I have to check my banking account a few times a week because I have hard times believing the numbers. It is so weird, but so empowering at the same time. The most crazy is that we don’t even feel any sacrifice… Oh, maybe way less suchis in our belly…
My next step is to go « Index Fund » . I know, I should have done it earlier, but I still feel that I don’t know much about investment and I wish to find some ethical Portfolios (the one I was attracted to at Tangerine includes Nestlé and Barrick Gold shares… I don’t want those criminals to benefit my Green workers).
So, obviously no RE for me, but way less Kraft Dinner in sight when I will retire!
Sue