Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-26-2013, 12:12 PM   #61
Full time employment: Posting here.
 
Join Date: Feb 2008
Posts: 920
We're throwing it over the wall at the rate of about $9.5k per month right now, so might be able to keep up with a slow correction but something like Nov last year (I think it was Nov) would surely demilestone us.
__________________

__________________
tuixiu is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-26-2013, 12:39 PM   #62
Thinks s/he gets paid by the post
RockyMtn's Avatar
 
Join Date: Jul 2009
Location: North Scottsdale
Posts: 1,233
Seems like hitting I'm hitting a new personal net worth each day! Portfolio up 3.88% YTD. I know this won't/can't continue but it sure is fun to watch.
__________________

__________________
FIRE'D in July 2009 at 51...Never look back!
RockyMtn is offline   Reply With Quote
Old 01-26-2013, 12:44 PM   #63
Recycles dryer sheets
 
Join Date: Sep 2012
Posts: 66
Congratulations; that is a major milestone.
__________________
marc515 is offline   Reply With Quote
Old 01-26-2013, 12:45 PM   #64
Full time employment: Posting here.
 
Join Date: Feb 2008
Posts: 920
I know dude, and its funny because you say "seems like" but recently it is exactly that. Almost every day I tell my wife hey our all-time high is today.

As you said, this madness cannot continue.
__________________
tuixiu is offline   Reply With Quote
Old 01-26-2013, 01:00 PM   #65
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 1,437
We hit THE number posted on our fridge a little earlier. Fortunately it has held so far. However I expect to have our balance bounce above and below it for awhile. Still 1-2 years from RE so hopefully we'll have a little cushion built in when we make the leap.
__________________
Retired in 2016. Living off dividends / interest and a mini pension. Freedom.
foxfirev5 is offline   Reply With Quote
Old 01-28-2013, 07:03 AM   #66
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 2,056
Quote:
Originally Posted by scrabbler1 View Post
So, based on your last post here just under a year ago, you are up about $100k since then. Congrats to you on your advanement toward the coveted $1M mark.
Thanks! And with luck, the next $100K, and the one after that, will come even quicker!

Based on the forecasts I've run, unless I come up with some major expenses (and depending on the economy) I should hit the $1M mark sometime in 2016. In theory, that shouldn't be too hard of a target to hit. If I'm at $800K now (and yeah, I barely slipped over that barrier on Friday, Wheeee! ), if I add about $20K per year, and the portfolio returns about 5.4% per year, I should be at around $1M at the beginning of 2016.

It'll be interesting to look back in three years and see how far off this prediction is.
__________________
Andre1969 is offline   Reply With Quote
Old 01-28-2013, 07:17 AM   #67
Recycles dryer sheets
timeasterday's Avatar
 
Join Date: Aug 2011
Location: GA
Posts: 211
I'm still a long way from retirement and only have been in the six figures for 3 years. That was a great milestone to reach and I'm happy to say that I am getting close to doubling that already.
__________________
timeasterday is offline   Reply With Quote
Old 01-28-2013, 03:36 PM   #68
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 2,056
Quote:
Originally Posted by timeasterday View Post
I'm still a long way from retirement and only have been in the six figures for 3 years. That was a great milestone to reach and I'm happy to say that I am getting close to doubling that already.
I have to admit, I sort of "cheated" my way into the 6-figure bracket. In the summer of 2003, my Mom surprised me with a bunch of savings bonds that she had started taking out when I was born. She had put them away somewhere, and totally forgotten about them. At that point, my NW was probably around $85,000, but when she gave them to me, it took me to about $101K. There was about $3700 worth that had already hit final maturity, which I cashed in and deposited at the bank. The rest came to about $12,500. The ones that haven't hit final maturity are paying around 4%, so I've been letting them sit until they hit the 30 year, final maturity mark, and then start cashing them in and putting them in my checking account.

Most of them have been cashed in now, though. I think what's left it worth about $2400. And, in the 1980's, Mom was much less aggressive with savings bonds. I don't think I had a single one to cash in 2011, and for 2012, only 1 or 2. I think there's another 1 or 2 this year, and the final one hits the 30 year mark in 2024.

Because of that, I guess, I didn't quite get the euphoric feeling I thought I'd get, from hitting the $100K mark. If you factor out those bonds, I hit the $100K mark sometime in early 2004. But by that time, I was trying to juggle a house, and getting a condo fixed up and ready to put on the market, and having problems with contractors. Plus having a pickup truck that tended to die at random. So, things were stressful enough to take my mind off the accumulation. The contractors fell so far behind schedule that I lucked out, because the condo saw some serious appreciation in value, and then when it sold, I cleared about $77K, and suddenly that put me over the $200K mark, and suddenly $100K was a forgotten memory, and I was focusing on a "quarter of a million dollars" (sounds so much more fancy than just "250K" )

For some reason, way back when I broke the $60K barrier (and didn't know about those savings bonds yet), which was around October 2000, I felt really proud, and on top of the world. Kind of an odd milestone to be proud of, I guess, but I was. Probably because I was so much younger and dumber then, and less jaded, and thought there was nothing but prosperity and good times ahead! I do remember I came close to buying a used motorhome around that time, but fortunately came to my senses. And, about a month later, I quit my evening pizza delivery job...although then I got nervous and went back, but found out I didn't need the money as bad as I thought I did, and quit again.

I wonder if I'll get any sort of magical feeling when I hit the $1M mark?
__________________
Andre1969 is offline   Reply With Quote
Old 01-28-2013, 04:57 PM   #69
Recycles dryer sheets
timeasterday's Avatar
 
Join Date: Aug 2011
Location: GA
Posts: 211
Quote:
Originally Posted by Andre1969 View Post
I wonder if I'll get any sort of magical feeling when I hit the $1M mark?
Oh I'll be doing the happy dance at that point for sure!
__________________
timeasterday is offline   Reply With Quote
Old 04-11-2013, 05:49 PM   #70
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,872
Finally hit the $1.2M mark, thanks to recent market gains. I am now at $1.205M so I probably hit it a day or two ago without realizing it.
__________________

__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bond fund bubble approaching? sailfish FIRE and Money 24 04-01-2010 02:17 PM
Are we approaching the threshold of a bull? Radiophilejapan FIRE and Money 63 07-08-2009 12:24 PM
Asset Allocation - Rebalancing when approaching ER or Retired chinaco FIRE and Money 28 10-30-2008 10:45 PM
FIRE date fast approaching Lakedog Hi, I am... 11 05-30-2007 05:51 PM
D- (Decision) day is approaching REDreaming FIRE and Money 6 01-09-2007 08:58 PM

 

 
All times are GMT -6. The time now is 12:08 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.