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04-26-2015, 11:18 AM
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#901
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Dryer sheet aficionado
Join Date: Oct 2013
Location: Camas
Posts: 26
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Quote:
Originally Posted by Jasonjam83
Just surpassed 200k today! DW and I had a late start (me-31, DW-30) but we've come a long way since we first got married 4 1/2 years ago being about 60k in debt.
Sent from my iPhone using Early Retirement Forum
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Way to go Jasonjam83! You should be proud of your accomplishment and staying the course. One milestone at a time, and hopefully both of us will get to that million dollar mark!
__________________
"Pay yourself first."
— Unknown
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04-27-2015, 02:40 PM
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#902
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Confused about dryer sheets
Join Date: Apr 2015
Location: Chiloquin
Posts: 9
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Outa debt
Paid off property, school bill, medical bill last year.
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05-06-2015, 01:21 PM
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#903
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Recycles dryer sheets
Join Date: Mar 2007
Posts: 315
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Quote:
Originally Posted by David1961
Not sure if this is exactly a milestone, but I ERd about 6 months ago and my portfolio has appreciated more than what my salary would have been for those 6 months. With all the talk about how devastating it is if your portfolio loses value in the first few years of ER, it makes me feel a lot better. But I also know not to expect this growth forever. Still, it is nice to start ER with a cushion.
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That's my hope too. A good six month's of increase after I retire in December.
__________________
"Retirement isn’t really a switch you flip at a certain age anymore," the Schwab report states. "It’s a financial state that allows for the flexibility to make work optional."
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05-06-2015, 02:20 PM
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#904
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Confused about dryer sheets
Join Date: Apr 2015
Location: Chiloquin
Posts: 9
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Wow! How did you do that?
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05-06-2015, 06:49 PM
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#905
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Confused about dryer sheets
Join Date: May 2015
Posts: 1
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I am 35 and my wife is 28. We crossed a big milestone - $1 million in investable assets (excluding house) about 6 months ago. We are saving about $100K a year and hoping to retire in 15 years. Our next goal is $2 million which our target is 5 years.
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05-11-2015, 01:59 PM
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#906
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Recycles dryer sheets
Join Date: Jan 2015
Posts: 108
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Woohoo, I paid off my student loan today. I started off with about $30k almost 13 years ago, but the interest was so low and tax deductible I stretched it out to a 20 year term. The past few years it wasn't deductible on my taxes so I began extra payments. Today I clicked "submit payment" for the final $4,500. The relief is amazing. A better feeling than when my NW went over a million. Next I'll focus my extra payments on the mortgage.
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05-12-2015, 02:54 PM
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#907
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Thinks s/he gets paid by the post
Join Date: May 2011
Location: South Eastern USA
Posts: 1,068
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I made it to 59 1/2. Yay me!
__________________
All that glitters is not gold. -G. Chaucer, W. Shakespeare
All that is gold does not glitter. -J.R.R. Tolkien
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05-12-2015, 03:28 PM
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#908
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,169
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Quote:
Originally Posted by Brett_Cameron
I made it to 59 1/2. Yay me!
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Happy half-birthday.... Let the IRA tapping begin. LOL
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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05-17-2015, 12:53 PM
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#909
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Recycles dryer sheets
Join Date: May 2015
Location: Houston
Posts: 337
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I just paid my last tuition payment. My son will graduate from Texas A&M in August with a degree in construction science, an employable field.
The same son provided me with another milestone a couple of years ago. After he took a part-time job with the university, I read this Facebook post: "I set up my 401K today. So long $52, see you in 30 years."
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05-17-2015, 01:04 PM
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#910
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,504
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Quote:
Nice on the Tuition; very nice on the second generation. The initial outlook on the money habits of our three 20-somethings has also been very reassuring and pleasant. (Fingers crossed that it continues!)
__________________
OMY * 3 2ish Done 7.28.17
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05-18-2015, 10:35 PM
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#911
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Dryer sheet wannabe
Join Date: Oct 2012
Location: salem
Posts: 20
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1.7M in investable assets. House paid off, no debts. I am 51 1/2 Planning to ER at 55. 3 1/2 years to go & dont know if I will able to make it then. Last child will start high school this fall. Planning to pull the plug his high school final year. Just wanted to leave now. Tired of MegaCorp BS. The more I move up the chain, the more disgust I get. Been a lurker for awhile. Thank you for your invaluable investment wisdom.
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05-19-2015, 08:38 AM
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#912
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Recycles dryer sheets
Join Date: Jul 2014
Location: DC 'burbs
Posts: 134
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Today my retirement accounts (457 & Roth IRA) crossed the half million mark. At the same time, my GF's TSP crossed $750k. She's scheduled to retire with a pension in 3-ish years. My pension only arrives in 8 years .
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05-20-2015, 06:40 AM
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#913
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Dryer sheet aficionado
Join Date: Apr 2013
Location: Chicago
Posts: 39
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- My DW handed in her resignation last Tuesday at age 42. She'll be retired in June!
- I'm strategizing on how I can convince my bosses to lay me off from Mega Corp - at age 40 - to get the year's severance that I'd be entitled to. If that doesn't work by next spring, I'll let that dream go and resign/retire the old fashioned way.
- This past Sunday, we had our first open house for our Manhattan, NY condo. We're going to sell it this year and soon after try out several lower cost of living locations.
We're excited!
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05-21-2015, 12:55 PM
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#914
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Confused about dryer sheets
Join Date: May 2015
Posts: 5
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I am 31 and my wife 30 (married 1.5 years)
* I reached 100K in assets (not including primary residence) in Summer 2013 at age 29.
* Got married Fall 2013.
* Paid off student loan in February 2015.
* Together, we just hit 250K in assets (not counting primary residence) in May 2015.
Only debt is my mortgage and whatever trivial CC balance I have (that I pay off every month; no interest)
Looking forward to 500K.. 1M... and one day, 2M!
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05-21-2015, 02:59 PM
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#915
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Dryer sheet wannabe
Join Date: Jan 2015
Posts: 17
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Quote:
Originally Posted by medelste
- My DW handed in her resignation last Tuesday at age 42. She'll be retired in June!
- I'm strategizing on how I can convince my bosses to lay me off from Mega Corp - at age 40 - to get the year's severance that I'd be entitled to. If that doesn't work by next spring, I'll let that dream go and resign/retire the old fashioned way.
- This past Sunday, we had our first open house for our Manhattan, NY condo. We're going to sell it this year and soon after try out several lower cost of living locations.
We're excited!
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Congratulations. I'm sure I'm not alone on wanting to hear the details on how you guys got to ER so young and the plans to self sustain for 45 plus years. Once again congratulations!
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05-26-2015, 09:27 AM
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#916
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,169
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Quote:
Originally Posted by jsal7
I am 31 and my wife 30 (married 1.5 years)
* I reached 100K in assets (not including primary residence) in Summer 2013 at age 29.
* Got married Fall 2013.
* Paid off student loan in February 2015.
* Together, we just hit 250K in assets (not counting primary residence) in May 2015.
Only debt is my mortgage and whatever trivial CC balance I have (that I pay off every month; no interest)
Looking forward to 500K.. 1M... and one day, 2M!
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Welcome to the forum jsal7. If you'd like - take the time to open a new thread in the "Hi I Am" forum and introduce yourself.
You've got impressive stats for someone so young. I was not anywhere close to your asset level when I was your age. Congrats on having a plan and working it!
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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Reached 100K net work (NO DEBT)
05-27-2015, 09:56 AM
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#917
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Confused about dryer sheets
Join Date: May 2015
Location: Dallas
Posts: 8
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Reached 100K net work (NO DEBT)
Yesterday, I reach 100K worth. I am 37 years old. I have not debt. I am saving for a house. Within 2 years I should 30 percent down payment for $300,000 house.
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05-27-2015, 07:39 PM
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#918
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,763
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Quote:
Originally Posted by sanjeev0276
Yesterday, I reach 100K worth. I am 37 years old. I have not debt. I am saving for a house. Within 2 years I should 30 percent down payment for $300,000 house.
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Wahoo, congratulations!!
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05-28-2015, 05:05 PM
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#919
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Recycles dryer sheets
Join Date: May 2015
Posts: 67
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Crossed $400,000 in net worth the other day, of which $250,000 in investable assets. Have always been frugal, but got serious about ER about 3 years ago and have chugging toward it ever since
The details:
- Early 30s DINK couple in the Southwestern US
- Most recent saving rate is around $85k/year before 401k/HSA matching. Over $100k after matching.
- Yearly spending of < $40k/year. We work hard to keep expenses low.
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05-29-2015, 10:48 PM
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#920
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Dryer sheet wannabe
Join Date: Nov 2013
Location: seattle
Posts: 17
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46 years old, with wife and 2 kids (10,14)
The good:
- finally crossed 1M investible assets (around $1,011,000 now)
- paid off home ($523,000)
- inherited some farm land (Roughly $500,000)
Mint says net worth is $2,043,777.
The bad:
not saving as much as I'd like
Income is stagnant ($85,000) I made more 15 years ago!
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