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Old 07-18-2016, 09:38 PM   #61
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Thanks everyone- nat8199 congrats to you too!

LitGal, you've always been so supportive, thank you!
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Old 10-09-2016, 01:04 PM   #62
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Quote:
Originally Posted by dvalley View Post
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.
Q3 - 2016 update:
Savings+investments are now at: $499k

Looks like my investments+savings slipped a few thousand from the peak of $502k in Jul '16.

Current allocation:
Investments: $420k
Cash: $79k

I also just changed jobs which came with a pay-cut but less stress (so far) and I can contribute to HSA too now. Here's how I'm allocating my pre-tax contributions for the next quarter:

Maxing out HSA for the year $3500 (starting now and doing it in 3 months)
Maxing out 401k for the year $18k (starting now and also doing it in 3 months)

This essentially wipes out my net take-home paycheck but I get a portion of the employer match on the 401k (free money) and I also reduce my taxable income which will help offset a bonus I received from the previous employer earlier this year.

Looking ahead I need to find an opportunity to invest a portion of the cash somewhere, either when the RE market turns or the stock market. I know, market timing.
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Old 01-02-2017, 03:55 PM   #63
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Q4 - 2016 update:

Savings+investments: $520k (+$100k since Dec 2015).
The annual goal for 2016 was to cross $500k in savings+investments so I'm happy with it.

My goal for 2017 is to cross $600k - it's funny because now I can't wait for 2017 to be over already because my next big milestone is crossing 700k in 2018 hopefully - but who knows? so many unknowns.
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Old 01-02-2017, 07:15 PM   #64
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Quote:
Originally Posted by dvalley View Post
Q4 - 2016 update:

Savings+investments: $520k (+$100k since Dec 2015).
The annual goal for 2016 was to cross $500k in savings+investments so I'm happy with it.

My goal for 2017 is to cross $600k - it's funny because now I can't wait for 2017 to be over already because my next big milestone is crossing 700k in 2018 hopefully - but who knows? so many unknowns.
You are making great progress! I hope the new job is working out well.
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Old 01-02-2017, 07:40 PM   #65
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Quote:
Originally Posted by dvalley View Post
Q4 - 2016 update:

... it's funny because now I can't wait for 2017 to be over already because my next big milestone is crossing 700k in 2018 hopefully - but who knows? so many unknowns....
Good job DValley. While I feel the same way with looking forward to the next year end due to projected personal savings, investment increases (hopefully), kids progressing another grade, another year closer to ER, etc., I also understand I'm getting older and older I hope to embrace ER in my 50's so time will be shared differently.
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Old 01-03-2017, 10:44 AM   #66
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Thanks for the support! It just feels like a long way to go for me still and I'm becoming more impatient. At the same time so many other unknowns...have been thinking about tying the knot again with the long term gf but keep getting cold feet after the financial beating I took from the previous divorce Financially she's self-sufficient and debt-free but not much in the way of savings or assets etc.
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Old 01-03-2017, 11:13 AM   #67
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Originally Posted by dvalley View Post
Thanks for the support! It just feels like a long way to go for me still and I'm becoming more impatient. At the same time so many other unknowns...have been thinking about tying the knot again with the long term gf but keep getting cold feet after the financial beating I took from the previous divorce Financially she's self-sufficient and debt-free but not much in the way of savings or assets etc.
Pre Nup!
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" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
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Old 04-02-2017, 01:44 PM   #68
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Q1 - 2017 update:

Savings+investments: $535k (+$15k YTD)

Nothing stellar and there were a few contributing factors to it:
1. Bought a nice toy ($6k) - gotta enjoy life too.
2. Paid off the car loan balance ($5k) - no more debt besides the mortgage
3. Sitting mostly in cash. Trying to get back into the market with DCA.

There is some good news though; I got a small raise at work, and don't have the car payment so that improves the cash-flow for the rest of the year by almost $900 per month or by $8k for the rest of the year
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Old 04-02-2017, 02:29 PM   #69
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Congrats. Sounds like you are following your plan and doing it well. Your FIRED amount will be here before you know it. Keep up the good work.
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