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Old 05-01-2013, 06:37 PM   #141
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New milestone

Hi all, I hit a big milestone yesterday. Wife and I are 30 years old. Hit $125,000 in investment accounts yesterday. Pretty pleased with our successes. I look up to many of you as my role models on here. Great forum! I hope to also get a 20 year retirement from the military in 13 years as a LTC.
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Old 05-04-2013, 11:00 AM   #142
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I became a multi-millionaire this last week. 2.06M!! Never thought I would ever say I had more than a million much less a couple million. LBYM was the key. Now to enjoy the fruits of that.
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Old 05-04-2013, 10:35 PM   #143
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New milestone this weekend as cash & stock investments topped $2,300,000 for the the first time...40 years old, no mortgage and no debt of any kind.

Congrats to the couple others above me here that recently became "multi!" Good work!
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Old 05-05-2013, 06:50 AM   #144
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NW = lifetime W2 earnings. Thanks to; time, compound interest, & LBYM's
What a fascinating metric. DW and I are FI but, have not yet achieved NW = lifetime W2 earnings.

Congrats ToolMan on achieving an impressive milestone!
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Old 05-05-2013, 08:36 AM   #145
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We're 54, 52 and just passed $1.25M invest, $1.75M Net, less than two years to go to meet our FI/RE income goals. Wish we would have found a site like this 15 years ago!
Congrats to you younger folks that have the focus to do so, I don't need to tell you; but when you're 50+ and working, you'll be very glad you did. The options you'll have will be almost endless.........
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Old 05-05-2013, 10:06 AM   #146
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1) bought 3 rental houses so far this year for cash & have offers on 3 more.
2) net worth is now well north of 3m, hopefully will be 3.5 by 2014.
3) by my calculations i should be good to fire in 3.5 years!
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Old 05-05-2013, 06:27 PM   #147
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My portforlio reached 2.53M. My paid off house is worth 470K per Zillow. That makes a nice round number of 3M for us.
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Old 05-07-2013, 08:20 PM   #148
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My portforlio reached 2.53M. My paid off house is worth 470K per Zillow. That makes a nice round number of 3M for us.
Very cool!!! Congrats!
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Old 05-08-2013, 09:05 AM   #149
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With the recent dividend increases from XOM, CVX, JNJ and PEP we went over $70,000 per year in dividends. Always nice to get a raise!
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Old 05-09-2013, 07:41 AM   #150
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NW = lifetime W2 earnings. Thanks to; time, compound interest, & LBYM's
Thanks for sharing. I never thought about it this way, so I checked.

My NW exceeded lifetime W2 earnings in late 2011 which I never knew or thought about. Thanks to: time, compound interest, investment real estate (does not include personal residence) & LBYM.
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Old 05-09-2013, 08:06 AM   #151
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Thanks for sharing. I never thought about it this way, so I checked.

My NW exceeded lifetime W2 earnings in late 2011 which I never knew or thought about. Thanks to: time, compound interest, investment real estate & LBYM.
I never thought about this, either, so I checked my own.

Counting only investments, my NW exceeded my lifetime W-2 earnings (frozen in late 2008 when I ERed) for the first time back in early 2011. Then it dropped below later in 2011 before exceeding it again in early 2012. If I include the value of my co-op apartment, then the comparison gets a little muddy because my investment income and portfolio growth in my part-time work years (2001-2008) was about the same as my part-time wage earnings up to that point. But if I look at only the same frozen wage earnings in ER, then I first exceeded them in early 2010 and have never gone below it.
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Old 05-09-2013, 11:51 AM   #152
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I never thought about this, either, so I checked my own.

Counting only investments, my NW exceeded my lifetime W-2 earnings (frozen in late 2008 when I ERed) for the first time back in early 2011. Then it dropped below later in 2011 before exceeding it again in early 2012. If I include the value of my co-op apartment, then the comparison gets a little muddy because my investment income and portfolio growth in my part-time work years (2001-2008) was about the same as my part-time wage earnings up to that point. But if I look at only the same frozen wage earnings in ER, then I first exceeded them in early 2010 and have never gone below it.
Can someone shed some light how to compute your lifetime W2 earnings for a married couple? Not sure I understand this concept yet.
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Old 05-09-2013, 12:17 PM   #153
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Can someone shed some light how to compute your lifetime W2 earnings for a married couple? Not sure I understand this concept yet.
Download your current report from SS and total all years W2 amounts.

This metric doesn't adjust for inflation but is a reasonable check of LBYM's or maybe you are just VERY OLD. :-)
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Old 05-09-2013, 08:23 PM   #154
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Paid off our house last November (I haven't logged on much since then LOL). Our target is $1.9M and we're only about $100k short. Still wor*ing, but winding down (more on that in a different thread).
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Old 05-09-2013, 09:57 PM   #155
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Momentarily hit $1m in liquid & investment assets on 5/8. Fell back again today, though. Funny but I've been watching this goal approach during the market run-up, and it was less exciting than expected - kind of anti-climactic.
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Old 05-10-2013, 01:39 PM   #156
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Hit $1M in net worth two days ago. I hadn't expected to hit that milestone before 2014. Dropped below again yesterday but should be above the line again today.

I created a tab in my financial calculation spreadsheet called Milestones where I can record dates together with a snapshot of my accounts the day I reach significant milestones. Gives me a sense of satisfaction to look over the data.

Next goal: $1M in investments only.
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Old 05-11-2013, 12:59 PM   #157
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Inky - I like the "milestones" tab idea ! That would add alot of incentive for many.
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Old 05-11-2013, 08:03 PM   #158
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How does one count pensions when figuring one's net worth? Or is that not something that's included?
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Old 05-11-2013, 08:10 PM   #159
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How does one count pensions when figuring one's net worth? Or is that not something that's included?
I don't include, as I don't know how long it will last. Just like my salary when working.
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Old 05-11-2013, 08:16 PM   #160
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Most of my/our retirement will be my two pensions, so if I don't figure those I don't really have a way to calculate. Our savings will only account for 15% - 18% of our monthly/yearly net income. The rest is from the pensions. I'm not including wife's SS which is still 10 yrs down the road.
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