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04-05-2016, 07:23 AM
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#41
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gone traveling
Join Date: Feb 2008
Posts: 510
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I heard a similar expression on some finance related motivational CD...If you want to get ahead in your personal financial life, look at and around your friends. Find new friends. Your 'worth' is the average of your friends. Well, I don't know how much of wealth my friends and good acquaintances have accumulated, but my salary range based on our professions indeed kind of falls in the middle. So, I hope it's similar with retirement savings. I need to sit in FIRE forum more, perhaps I'd become even wealthier  
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04-05-2016, 07:45 AM
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#42
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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I hope it's the average, then, not the median: Some of my friends take home $2k a month, others $50k 
Currently I make $0, so there's that too ..
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04-05-2016, 03:42 PM
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#43
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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What happens if you have no friends? do you become the avg of yourself? and if you're average to begin with you become the avg of the avg. Wow this is deep, I just hurt my brain 
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04-06-2016, 06:04 PM
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#44
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Full time employment: Posting here.
Join Date: Jun 2012
Location: Ohio Suburb and WV Farm
Posts: 519
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 Quote:
Originally Posted by dvalley
Thanks LitGal to be honest though when I see others' intros and progress here I feel like I'm at a party at Eden Rock where everyone's dressed to the nines but I showed up in t-shirt, shorts and a baseball cap lol |
Someone once said: "The really rich people are the ones who rarely look it." Those folks are usually walking around in the same stuff the rest of us wear, because they have little interest in standing out.
Those "dressed to the nines" might be living on the largess of credit, and/or trying to impress everyone that they are someone they are not (or might not be).
Of course, I've never hung out with any Rockefellers, Vanderbilts, or Astors. But do remember hearing about John D. Rockefeller's quip when asked how much money was "enough":
"A little bit more."
__________________
"Everything becomes more itself." --C.S. Lewis
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Disclaimer re. my last post
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04-06-2016, 06:13 PM
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#45
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Full time employment: Posting here.
Join Date: Jun 2012
Location: Ohio Suburb and WV Farm
Posts: 519
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Disclaimer re. my last post
Quote:
Originally Posted by dvalley
Thanks LitGal to be honest though when I see others' intros and progress here I feel like I'm at a party at Eden Rock where everyone's dressed to the nines but I showed up in t-shirt, shorts and a baseball cap lol |
Sorry for any misunderstanding, readers. I got distracted by the image of partiers at Eden Rock. I was not implying that anyone's ER posts on this forum are untrue or insincere.
I was just imagining a party at Jay Gatsby's.......... and am fairly certain no one here sells bootleg whiskey or illegal securities.
 
__________________
"Everything becomes more itself." --C.S. Lewis
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04-06-2016, 09:01 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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No worries LitGal, I totally know what you mean
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04-07-2016, 05:36 PM
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#47
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Location: North Bay
Posts: 1,251
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What's this talk of "average"? We're ALL above average here! 
Sent from my XT1254 using Tapatalk
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04-10-2016, 09:08 PM
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#48
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Full time employment: Posting here.
Join Date: Jun 2012
Location: Ohio Suburb and WV Farm
Posts: 519
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Quote:
Originally Posted by scrinch
What's this talk of "average"? We're ALL above average here!
Sent from my XT1254 using Tapatalk |
I always wanted to be one of those kids from Lake Wobegon!
__________________
"Everything becomes more itself." --C.S. Lewis
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04-13-2016, 02:09 AM
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#49
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Recycles dryer sheets
Join Date: Jun 2014
Posts: 440
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Quote:
Originally Posted by dvalley
Thanks LitGal to be honest though when I see others' intros and progress here I feel like I'm at a party at Eden Rock where everyone's dressed to the nines but I showed up in t-shirt, shorts and a baseball cap lol |
Around here you can wear whatever the hell you like . Welcome!
Sent from my HTC One_M8 using Early Retirement Forum mobile app
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07-02-2016, 03:56 PM
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#50
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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Quote:
Originally Posted by dvalley
End of Q1 update.
The savings+investments now stand at $460k, thanks to a small 2015 bonus that just came in and the market uptick.
$500k is my next big milestone so hopefully that happens soon.
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End of Q2 update:
Savings+investments are now at: $480k
I'm at 33% of my target retirement networth of $1.4M which is on the comfortable side and 48% of my $1M "can't do this crap anymore, I'm outta here" target. However, I'm also targeting college+marriage savings for DD to be $40k+$10k so the percentages drop.
Still three years ago (when I was 38 and not 41  ) when I started this thread I was at $240k so my networth doubled in exactly three years, I'll take it!
Looking ahead $500k could happen this year provided the market doesn't slip back too much.
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07-14-2016, 10:42 PM
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#51
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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Well folks with the recent (and probably temporary) run up in the market my investments+savings have finally reached the $500k milestone for the first time today I'm sure I'll cross it a few times in both directions but it's an important milestone for me- like a shade tree along a long, hot desert road 
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07-14-2016, 10:53 PM
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#52
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Posts: 1,048
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Congratulations! It will go faster and faster from here on thanks to compounding
Sent from my iPhone using Early Retirement Forum
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07-15-2016, 01:05 PM
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#53
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Full time employment: Posting here.
Join Date: Jul 2014
Posts: 930
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Congrats! Nice to see progress after all the effort.
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07-15-2016, 05:47 PM
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#54
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Location: Bonita (San Diego)
Posts: 1,795
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Quote:
Originally Posted by NgineER
Congratulations! It will go faster and faster from here on thanks to compounding
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Yep! Congrats!
__________________
"So we beat to our own drummer in the sun;
We ask for nobody's permission to run.
I just wanna live in a world like that;
Now I'm gonna live in a world like that!" - World Like That, O.A.R.
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07-15-2016, 07:14 PM
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#55
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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Many thanks friends! I'm just glad I can share these moments with others here unlike in real life.
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07-16-2016, 05:03 AM
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#56
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Confused about dryer sheets
Join Date: Jun 2016
Location: Richmond
Posts: 5
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This run up has helped us to reach the same milestone! Congrats! Now I just hope it lasts.
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07-16-2016, 05:10 AM
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#57
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Confused about dryer sheets
Join Date: Jun 2016
Location: Richmond
Posts: 5
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This run up has helped us to reach the same milestone! Congrats! Now I just hope it lasts.
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07-17-2016, 09:58 PM
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#58
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Full time employment: Posting here.
Join Date: Jun 2012
Location: Ohio Suburb and WV Farm
Posts: 519
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Congratulations, dvalley! And just think. You have done this in only three years, you are only 41, AND you live in one of the most expensive states in the nation.
You should be proud............and DD grateful for such a conscientious dad!
__________________
"Everything becomes more itself." --C.S. Lewis
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07-18-2016, 04:37 PM
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#59
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
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dvalley, if you plan to put money back in the market , how will you know when to get back in? So hard to do.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
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07-18-2016, 07:36 PM
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#60
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,518
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Check out the Mr. Money Moustache
http://www.mrmoneymustache.com/
He may be too extreme for you, but invest some time reading his posts and see if you can use some of what he talks about. Good luck.
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