|
|
01-01-2020, 09:35 PM
|
#2101
|
Recycles dryer sheets
Join Date: Nov 2016
Location: Minneapolis/St. Paul
Posts: 82
|
Quote:
Originally Posted by FVFIRE
Paid off my mortgage on 12/31. Looking forward to 2020!
|
Congratulations, that must feel great!
|
|
|
|
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!
|
01-01-2020, 09:47 PM
|
#2102
|
Recycles dryer sheets
Join Date: Nov 2016
Location: Minneapolis/St. Paul
Posts: 82
|
Last month, we passed $1M in invested assets (combination of 401k, Roth, HSA and taxable accounts), picked up our second comma!
We also have $220k of shares in a small privately held commercial REIT (two strip malls) that have yielded about $20-26k/year for the last 4-5 years, paying our mortgage and then some. So our overall net worth has been over 1M for while, but it’s still gratifying to see.
We think we’ll get another $2-300k until trying to pay down the mortgage ($116k), with goal of FI(+-ER) at $2M in 7-8 years. I really feel like we’re getting momentum!
|
|
|
01-01-2020, 10:57 PM
|
#2103
|
Recycles dryer sheets
Join Date: Apr 2017
Location: chicago
Posts: 68
|
M
|
|
|
Share your FIRE Milestones
01-03-2020, 07:31 PM
|
#2104
|
Recycles dryer sheets
Join Date: Mar 2017
Posts: 173
|
Share your FIRE Milestones
No comment.
|
|
|
01-04-2020, 05:33 PM
|
#2105
|
Confused about dryer sheets
Join Date: Jul 2018
Posts: 7
|
Reached 500k in my taxable account.
|
|
|
01-04-2020, 05:49 PM
|
#2106
|
Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
|
Quote:
Originally Posted by GRR1865
Reached 500k in my taxable account.
|
A cool half a mil. Congratulations!
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
|
|
|
01-05-2020, 06:25 PM
|
#2107
|
Full time employment: Posting here.
Join Date: Jun 2004
Location: Calgary
Posts: 805
|
Happy New Year! We hit our personal goal of reaching $3 million NW by the time DH hit 50, which was last month! [emoji322] Our NW is at $3.1 million. DH will keep working to at least 55 to keep padding the nest egg.
__________________
I can only be nice to one person today! Today is not your day...tomorrow doesn't look good either.
|
|
|
01-06-2020, 08:55 AM
|
#2108
|
Confused about dryer sheets
Join Date: Sep 2019
Location: Houston
Posts: 8
|
Attained two milestones this year. Total amount of dividends and interest for the year exceeded $180,000. That is a 22% increase over last year. Total investable assets exceeded $4.5 million for the first time.
|
|
|
01-07-2020, 12:56 PM
|
#2109
|
Dryer sheet aficionado
Join Date: Jan 2020
Location: NJ
Posts: 48
|
Hi everyone new to the site-love it!
Our milestones on New Years Day:
Real estate equity $1.7M
Business valuation $ 4.2M
401k/IRA/Stocks etc $1.2M
Looking to retire in 3 years.
|
|
|
01-09-2020, 01:49 PM
|
#2110
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
|
Did the annual end of year net worth calculation and after five and a half years of retirement my net worth increased by 22%.
Despite my prodigious and unsustainable spending I've reached a new high.
Which is good and sufficient reason for my recommendation to...wait for it...
Blow That Dough!
Have fun -
|
|
|
01-10-2020, 11:14 AM
|
#2111
|
Recycles dryer sheets
Join Date: Sep 2019
Location: Leander
Posts: 102
|
Just completed my January update. We just hit $570k NW or 26% of what's required for us to be FI. Given recent change to highly aggressive asset mix (89/0/11) and if current market conditions persist, should be FI in 8.5 yrs. I know these conditions won't last but one can dream, right?
|
|
|
01-10-2020, 11:23 AM
|
#2112
|
Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
|
Quote:
Originally Posted by ATXFIRE2034
Just completed my January update. We just hit $570k NW or 26% of what's required for us to be FI. Given recent change to highly aggressive asset mix (89/0/11) and if current market conditions persist, should be FI in 8.5 yrs. I know these conditions won't last but one can dream, right?
|
It is good to know you are aware that these conditions probably won't last. Stock valuations appear high, but interest rates are low. So who knows what will happen?
__________________
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
|
|
|
01-10-2020, 02:47 PM
|
#2113
|
Recycles dryer sheets
Join Date: Jun 2017
Location: Cincinnati
Posts: 497
|
Ended the year with 1M (almost to the dollar) in Retirement accounts. Net worth around 1.25M right now. A couple more years to W**k... so here's hoping for some more records in the Stockmarket!!
__________________
ER Target = May 2024
|
|
|
Share your FIRE Milestones
01-13-2020, 07:32 PM
|
#2114
|
Recycles dryer sheets
Join Date: Jan 2013
Posts: 296
|
Share your FIRE Milestones
.
|
|
|
01-13-2020, 07:48 PM
|
#2115
|
Dryer sheet wannabe
Join Date: Aug 2013
Location: Aurora
Posts: 10
|
I paid off the remainder of the mortgage as a Christmas gift for DH last month. This is the first time we have been debt free in our adult lives! Now we are using the money we were paying on the mortgage to help max out our 401Ks/457 plan/IRAs/HSA with catch-up contributions this year. Plan is to retire in 4-5 years!
|
|
|
01-14-2020, 07:04 PM
|
#2116
|
Confused about dryer sheets
Join Date: Jan 2006
Posts: 7
|
14 years ago I came across this website and set a FIRE number, accounting for inflation
Today for the first time my assets (ignoring tax due in April) reached 90% of that original target FIRE number. Yay!
Unfortunately... I'm changing the target number! I enjoy HCOL cities and I'm bad at spending money, so the new FIRE target is 50% more than the original. That'll support an after-tax SWR that's about triple my current spending. It should be enough of a buffer to stop my brain from making excuses for not spending money on things I enjoy
|
|
|
01-14-2020, 07:11 PM
|
#2117
|
Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
|
Quote:
Originally Posted by walk
14 years ago I came across this website and set a FIRE number, accounting for inflation
Today for the first time my assets (ignoring tax due in April) reached 90% of that original target FIRE number. Yay!
Unfortunately... I'm changing the target number! I enjoy HCOL cities and I'm bad at spending money, so the new FIRE target is 50% more than the original. That'll support an after-tax SWR that's about triple my current spending. It should be enough of a buffer to stop my brain from making excuses for not spending money on things I enjoy
|
Welcome to the forum. Why not introduce yourself in the Hi, I am section so we can get to know you better? You can tell us as much or as little as you want about yourself.
__________________
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
|
|
|
01-15-2020, 11:16 AM
|
#2118
|
Confused about dryer sheets
Join Date: Jan 2006
Posts: 7
|
Quote:
Originally Posted by UnrealizedPotential
Welcome to the forum. Why not introduce yourself in the Hi, I am section so we can get to know you better? You can tell us as much or as little as you want about yourself.
|
I'm not too chatty. Been lurking here for over a decade, after all
There aren't many places where it's socially acceptable to celebrate accumulating wealth, so I'll probably post the occasional milestone here
My goal is to grow my nest egg so that by sometime in my 40s it could support renting anywhere in the US without worrying about how much money I spend every day on restaurants, classes, the arts, etc. Currently in my 30s and single with ~65x my yearly post-tax spend saved across taxable and retirement accounts. I want to double my spending by the time I declare FIRE, though, so I've still got a ways to go!
|
|
|
01-15-2020, 11:24 AM
|
#2119
|
Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,544
|
Quote:
Originally Posted by RobbieB
Did the annual end of year net worth calculation and after five and a half years of retirement my net worth increased by 22%.
Despite my prodigious and unsustainable spending I've reached a new high.
Which is good and sufficient reason for my recommendation to...wait for it...
Blow That Dough!
Have fun -
|
Off topic but...
We all know Robbie and we all know his slogan "Blow that dough". Can I suggest we go with just "BTD" from now on?
Now back to your regularly scheduled programming.
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. 2/15/2023=DONE! "Blow that dough"-Robbie
" 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-
|
|
|
01-15-2020, 12:05 PM
|
#2120
|
Full time employment: Posting here.
Join Date: Jul 2005
Posts: 617
|
One digit increase at the hundred-thousand digit. Like many people here, reached an all-time high. Although I have to say I'm getting nervous with the things I've been reading about the Fed and their latest "not QE".
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|