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06-15-2018, 12:01 AM
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#1741
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Dryer sheet wannabe
Join Date: Jan 2012
Location: San Francisco
Posts: 12
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Quote:
Originally Posted by Jasonjam83
Quick update, due to market gains and a steady savings rate DW and I just surpassed the 500k threshold in cash/assets! Thank you all for the great advise and motivational comments, I’ve gained so much since I’ve joined!
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Update, DW and I just passed the 600k mark! Looking to lower expenses and increase our savings rate even more!
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06-15-2018, 10:05 AM
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#1742
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Full time employment: Posting here.
Join Date: May 2014
Location: Lakewood
Posts: 916
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A milestone of Declaration. During my annual performance bequeath (bonus) meeting, I told my boss’ boss I’d like more vacation than allotted by megacorp’s formula.
This was a bit brave as I’m not FI yet and this sort of desire is not within the company culture. I predicted at least a 1% chance I’d be invited to resign on the spot.
However, I was told I could take all the vacation I wanted as long as all my work was done. This is what I expected and is effectively a denial, as part of my job is planning and forecasting. How can that work ever be done?
Anyway, I still plan on taking extra vacation. The damage is done; I’ve now openly declared myself as someone who would rather be somewhere else than work. I’m a malcontent.
Hopefully I reach FI before the situation comes to a head and I’m shown the door. Megacorp has treated me fairly enough and I don’t relish the idea of toiling for one of our competitors. In the meantime, I’m gonna enjoy those bonus vacation days.
__________________
Why be normal when you can be yourself?
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06-15-2018, 10:06 AM
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#1743
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Full time employment: Posting here.
Join Date: May 2014
Location: Lakewood
Posts: 916
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Quote:
Originally Posted by Jasonjam83
Update, DW and I just passed the 600k mark! Looking to lower expenses and increase our savings rate even more!
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Bravo!
Looks like you’ve been able to sock away $150k in less than a year. That is impressive!
__________________
Why be normal when you can be yourself?
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06-15-2018, 11:08 AM
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#1744
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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Quote:
Originally Posted by rlhendren
Not really a milestone, but my original FIRE date was June, 2021. I decided this week that I just can't take it any more. I'm tired of the internal politics, bureaucracy, etc. In January, 2019, I'm giving my 60 day notice (60 days required by contract). The only reason to even continue until the end of the year is for the end of year bonus.
So that puts me at just over 6 months until FIRE.
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Congrats! You are almost there. I left mid-year 2017. Since I w*rked half the year, I took half of my 20 days vacation. A few months after leaving, I Get a check for 10 days' pay. A wonderful surprise! I also knew I would only get 1/2 of my bonus, but over time, I just completely forgot about it. So in February, I see an unexpected deposit of several thousand dollars. I drilled in and saw that it was that forgotten bonus. Just a couple of scoops of ice cream on the ol' retirement cake!
__________________
Never let yesterday use up too much of today.
W. Rogers
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06-15-2018, 06:02 PM
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#1745
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: Bernalillo, NM
Posts: 2,717
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Last year on June 15 was my last day on the payroll (it was a Saturday). So Yay!, one year in.
__________________
"We live the lives we lead because of the thoughts we think" ...Michael O’Neill
"We can cannot compel others to do our will" ....Norman Goldman
"There never is shortage of the gullible to accept the illogical"...Anonymous
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06-16-2018, 12:26 AM
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#1746
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Dryer sheet aficionado
Join Date: Aug 2013
Posts: 26
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Quote:
Originally Posted by cooch96
I’ve now openly declared myself as someone who would rather be somewhere else than work. I’m a malcontent.
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Viva la resistance! That takes guts and good for you. Us round pegs are not meant to fit into square holes.
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06-29-2018, 11:14 AM
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#1747
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2010
Posts: 5,830
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My milestone was waiting for the package. I was ready to go at 57 but was also had no issue waiting. I was confident that it would happen.
In our jurisdicition/our company based on age, service, position I expected to get a 22-24 month plus benefits, etc. payout.
Two years later that milestone came, as I knew it would. The hard part was not displaying how thrilled I really was to get the chop. It was well worth the wait.
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06-29-2018, 07:36 PM
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#1748
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Recycles dryer sheets
Join Date: Nov 2015
Posts: 63
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Quote:
Originally Posted by brett
My milestone was waiting for the package. I was ready to go at 57 but was also had no issue waiting. I was confident that it would happen.
In our jurisdicition/our company based on age, service, position I expected to get a 22-24 month plus benefits, etc. payout.
Two years later that milestone came, as I knew it would. The hard part was not displaying how thrilled I really was to get the chop. It was well worth the wait.
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That is an awefully generous package. What industry/position were you in that gives those packages. Good for you! Enjoy your RE.
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06-30-2018, 12:17 AM
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#1749
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Full time employment: Posting here.
Join Date: Jun 2018
Location: Brisbane
Posts: 855
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well i retired in January 2017 , the problem i wasn't financially independent at the time , ( i was planning for January 2020 )
the good news is i am medically restricted from so much stuff , i have no choice but to spend less , now can i improve the nest egg sufficiently
__________________
i hold the Australian listed versions of AU ( Anglo Ashanti ) , BHP , and JHG .
You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself.
Samuel Levenson
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08-01-2018, 10:25 AM
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#1750
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Full time employment: Posting here.
Join Date: Sep 2006
Location: SoCal
Posts: 927
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We crossed a couple of significant milestones this morning: liquid assets crept up over $1.6M, and total net worth juuuuuust north of $2.5M. We have a stock-heavy portfolio, and the run up in the market over the last couple of years has been huge. I still have 10-12 years to go, but it’s nice to see the numbers going up!
__________________
I can't complain, but sometimes I still do.
- Joe Walsh
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08-01-2018, 10:43 AM
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#1751
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
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Quote:
Originally Posted by ProspectiveBum
We crossed a couple of significant milestones this morning: liquid assets crept up over $1.6M, and total net worth juuuuuust north of $2.5M. We have a stock-heavy portfolio, and the run up in the market over the last couple of years has been huge. I still have 10-12 years to go, but it’s nice to see the numbers going up!
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Excellent!!
__________________
*********Go Astros!*********
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08-01-2018, 11:10 AM
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#1752
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Thinks s/he gets paid by the post
Join Date: Jan 2015
Posts: 1,536
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Just got back from helping DD move to start her PhD program. Bank of dad is officially closed. (Yeah, I know, that’s theoretical).
__________________
Wisdom starts with wonder
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08-01-2018, 11:34 AM
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#1753
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Recycles dryer sheets
Join Date: Nov 2017
Posts: 86
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I started tracking my spending last August. Then started looking at ways to cut spending. Sold the expensive cars last fall and replaced them with cheaper cars. Sold the big, high property tax and insurance house in the spring of this year and moved into a much smaller and efficient one. Cut the cord on cable. Got rid of excess features on cell phone plan. Increased deductibles on auto insurance and dropped to liability only for the cars (replacement value is pretty low). So, after 11 months, the monthly bills and expenses are down from $5,000+ to $3,000 and some change. It's like I got a $24,000 raise, tax free!
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08-01-2018, 02:31 PM
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#1754
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Recycles dryer sheets
Join Date: Apr 2012
Location: Long Island
Posts: 141
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Funny this post came up today. Three years to the day of ER. Life is good and the portfolio is 26% higher than three years ago even after living expenses. Let the good times roll!
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08-02-2018, 02:20 PM
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#1755
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 475
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Not directly a financial milestone but a big one nonetheless.
Our eldest son is moving the DC area to start his first post college job for a cyber security startup company.
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08-05-2018, 08:54 AM
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#1756
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by AS2019
I started tracking my spending last August. Then started looking at ways to cut spending. Sold the expensive cars last fall and replaced them with cheaper cars. Sold the big, high property tax and insurance house in the spring of this year and moved into a much smaller and efficient one. Cut the cord on cable. Got rid of excess features on cell phone plan. Increased deductibles on auto insurance and dropped to liability only for the cars (replacement value is pretty low). So, after 11 months, the monthly bills and expenses are down from $5,000+ to $3,000 and some change. It's like I got a $24,000 raise, tax free!
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Well done!
I think you started with expenses of ~$7k/mo about a year ago, which makes this all the more impressive. Would like to see a summary of how you’ve essentially cut your expenses in half; it would be useful to the FIRE community. Do you feel deprived/miss anything? Any regrets?
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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08-05-2018, 09:19 AM
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#1757
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,373
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After 26 months into retirement my portfolio is 23% more then when I retired. This is after all expenses from 26 months of living off of my portfolio. I would never have guessed that would be the case.
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08-05-2018, 01:10 PM
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#1758
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Dryer sheet wannabe
Join Date: Aug 2017
Posts: 19
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My wife and I just cracked $2 million combined retirement/non-retirement savings. $850K non-retirement and $1.15M retirement. We're around $3M net worth including house, life insurance, etc.
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08-08-2018, 06:28 PM
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#1759
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Full time employment: Posting here.
Join Date: Jan 2008
Location: Flyover America
Posts: 679
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Quote:
Originally Posted by AS2019
I started tracking my spending last August. Then started looking at ways to cut spending. Sold the expensive cars last fall and replaced them with cheaper cars. Sold the big, high property tax and insurance house in the spring of this year and moved into a much smaller and efficient one. Cut the cord on cable. Got rid of excess features on cell phone plan. Increased deductibles on auto insurance and dropped to liability only for the cars (replacement value is pretty low). So, after 11 months, the monthly bills and expenses are down from $5,000+ to $3,000 and some change. It's like I got a $24,000 raise, tax free!
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That is ridiculously Awesome!!!!! Wish I could convince SO to cut out expenses and downsize....
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08-10-2018, 11:01 AM
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#1760
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Recycles dryer sheets
Join Date: Aug 2013
Location: Norcal, Silly-Con Valley
Posts: 248
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Just crossed $2M invested in my own accounts today (not counting my DH's savings). It was 4 years and 1 month ago that I posted crossing the $1M mark.
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