Share your FIRE Milestones - 2013- 2020

[RenoJay]

This is the only place where this type of self-congratulatory thing flies, so thanks for giving me a chance to share the exuberance that I don't discuss with people in the real world. A few months ago, just before my 45th birthday, the spreadsheet showed that I reached the eight figure club of assets with most of it being after-tax, fairly liquid and market-valued (no start up stocks or anything...just index funds, private loans, CDs and Zillow-able real estate.) Unfortunately, a chunk of my savings is living with my ex (and is legally hers) and there's a chunk put away for charity and for kids' education, so what's left for me is under 8 figures. That said, given that I completely funded the ex's assets and still help her manage and grow it, I thought it was ok to pat myself on the back.

(For those who will ask, I made the 8 figure discovery when the ex asked me to log into her accounts, which I gave her in the divorce, and help manage them. It was at this point that I realized that my own work effort, savings and investments led to over $10 MM of current assets, even though they're not all mine anymore.)

Now back to the life of an unassuming, t-shirt wearing, Walmart-shopping, boring-car-driving normal dude.

[exnavynuke]

Quote:

Originally Posted by RenoJay This is the only place where this type of self-congratulatory thing flies, so thanks for giving me a chance to share the exuberance that I don't discuss with people in the real world. A few months ago, just before my 45th birthday, the spreadsheet showed that I reached the eight figure club of assets with most of it being after-tax, fairly liquid and market-valued (no start up stocks or anything...just index funds, private loans, CDs and Zillow-able real estate.) Unfortunately, a chunk of my savings is living with my ex (and is legally hers) and there's a chunk put away for charity and for kids' education, so what's left for me is under 8 figures. That said, given that I completely funded the ex's assets and still help her manage and grow it, I thought it was ok to pat myself on the back. (For those who will ask, I made the 8 figure discovery when the ex asked me to log into her accounts, which I gave her in the divorce, and help manage them. It was at this point that I realized that my own work effort, savings and investments led to over $10 MM of current assets, even though they're not all mine anymore.) Now back to the life of an unassuming, t-shirt wearing, Walmart-shopping, boring-car-driving normal dude.

Congrats!


(on the achievement, not giving the ex a bunch of it in the divorce )

[JohnnyBGoode]

Quote:

Originally Posted by RenoJay This is the only place where this type of self-congratulatory thing flies, so thanks for giving me a chance to share the exuberance that I don't discuss with people in the real world. A few months ago, just before my 45th birthday, the spreadsheet showed that I reached the eight figure club of assets with most of it being after-tax, fairly liquid and market-valued (no start up stocks or anything...just index funds, private loans, CDs and Zillow-able real estate.) Unfortunately, a chunk of my savings is living with my ex (and is legally hers) and there's a chunk put away for charity and for kids' education, so what's left for me is under 8 figures. That said, given that I completely funded the ex's assets and still help her manage and grow it, I thought it was ok to pat myself on the back. (For those who will ask, I made the 8 figure discovery when the ex asked me to log into her accounts, which I gave her in the divorce, and help manage them. It was at this point that I realized that my own work effort, savings and investments led to over $10 MM of current assets, even though they're not all mine anymore.) Now back to the life of an unassuming, t-shirt wearing, Walmart-shopping, boring-car-driving normal dude.

Yes, congratulations! And +1 on this being a "safe place" to talk about such things.

[Huston55]

Quote:

Originally Posted by RenoJay This is the only place where this type of self-congratulatory thing flies, so thanks for giving me a chance to share the exuberance that I don't discuss with people in the real world. A few months ago, just before my 45th birthday, the spreadsheet showed that I reached the eight figure club of assets with most of it being after-tax, fairly liquid and market-valued (no start up stocks or anything...just index funds, private loans, CDs and Zillow-able real estate.) Unfortunately, a chunk of my savings is living with my ex (and is legally hers) and there's a chunk put away for charity and for kids' education, so what's left for me is under 8 figures. That said, given that I completely funded the ex's assets and still help her manage and grow it, I thought it was ok to pat myself on the back.

Congrats! A very noteworthy milestone.

Quote:

Originally Posted by RenoJay (For those who will ask, I made the 8 figure discovery when the ex asked me to log into her accounts, which I gave her in the divorce, and help manage them. It was at this point that I realized that my own work effort, savings and investments led to over $10 MM of current assets, even though they're not all mine anymore.)

Is this really how you view it?

[IrishMoss]

I hit $950K investments and almost $1.1MM TNW. I'm on track to pay off my 30 yr mortgage in about 8 more years, which will make that a 12 yr total time to payoff.

[2017ish]

Quote:

Originally Posted by IrishMoss I hit $950K investments and almost $1.1MM TNW. I'm on track to pay off my 30 yr mortgage in about 8 more years, which will make that a 12 yr total time to payoff.

Nice! And from your other posts, it sounds like you are in a position to launch if/when necessary/desired. Your ratio of assets to needs sounds strong.

[2017ish]

Just made my last Court filing.

To do list at work is dwindling; cleaning my office and inbox out. Tick Tick.... (less than 30 hours to go.)

[davhin]

This is my first post and next to last day of work. I have been lurking around on many threads and have learned a ton. I am not really RE, I'm 62 but feel 24 and don't plan to start SS until 66 or maybe 70, if the market cooperates. I hit $1.1M IA this week and am ready for FREEDOM!

[rodi]

Quote:

Originally Posted by davhin This is my first post and next to last day of work. I have been lurking around on many threads and have learned a ton. I am not really RE, I'm 62 but feel 24 and don't plan to start SS until 66 or maybe 70, if the market cooperates. I hit $1.1M IA this week and am ready for FREEDOM!

Congratulations and welcome!

[CamasSaver]

Had to post here as I've finally exceeded the $250K mark in my 401K. So nice to see this milestone achieved as I originally hit the $100K back in Oct. 2013

[Months.in.Wyoming]

53 here and Cash and Securities outside the shares in my business just crossed $2MM in the last month... Funny how we didn't care when bouncing around 1.XMM - but I hate seeing the number drop to 1.988!

I didn't start saving early enough. Really pushing my kids - they've all started Roth's and since I'm funding their college, they are working and funding Roth's $2000.00 each year while in school. They are learning a bit about investment choices and compounding over 40 years... Feeling blessed that they will be OK.

[CamasSaver]

Quote:

Originally Posted by Months.in.Wyoming 53 here and Cash and Securities outside the shares in my business just crossed $2MM in the last month... Funny how we didn't care when bouncing around 1.XMM - but I hate seeing the number drop to 1.988! I didn't start saving early enough. Really pushing my kids - they've all started Roth's and since I'm funding their college, they are working and funding Roth's $2000.00 each year while in school. They are learning a bit about investment choices and compounding over 40 years... Feeling blessed that they will be OK.

You are certainly doing well and congratulations. I like hearing about how your children are using Roth's and learning to save early.
I am trying to instill this into my children as I don't want them to end up where I am on savings but to have so much more saved with time and compounding interest on their side.

I am still optimistic on my savings outlook and will need to just keep putting as much aside as I am able - looking forward to hitting the next $500K milestone

[pullin]

This is minor, compared to some of the big numbers above but --

We paid off the last credit card this month. As a runup to FIRE next year, we've now paid off all CCs, cars, boat and house. I think I will get all the titles out of the safe and wallow around on them, like Scrooge McDuck does with his money.

[iloveyoga]

Quote:

Originally Posted by pullin This is minor, compared to some of the big numbers above but -- We paid off the last credit card this month. As a runup to FIRE next year, we've now paid off all CCs, cars, boat and house. I think I will get all the titles out of the safe and wallow around on them, like Scrooge McDuck does with his money.

Congrats on your accomplishment!

[CamasSaver]

Quote:

Originally Posted by pullin This is minor, compared to some of the big numbers above but -- We paid off the last credit card this month. As a runup to FIRE next year, we've now paid off all CCs, cars, boat and house. I think I will get all the titles out of the safe and wallow around on them, like Scrooge McDuck does with his money.

That's awesome! And to have the house paid off is a huge accomplishment. Congratulations.

[splitwdw]

Quote:

Originally Posted by pullin This is minor, compared to some of the big numbers above but -- We paid off the last credit card this month. As a runup to FIRE next year, we've now paid off all CCs, cars, boat and house. I think I will get all the titles out of the safe and wallow around on them, like Scrooge McDuck does with his money.

Do not compare yourself to others, everyone's circumstances are different. You are going to be "financially independent and retire early" next year, what's not to celebrate. Go wallow in those titles!

[Pellice]

You know you are ready for FIRE when you are marking every quarter mile milestone .... I wrote last month that I had reached my significant 25 year anniversary. *Today* will be my official retirement day -- in a year, lol! And I actually will leave the job a few days before. This is what i'm calling "Zero Year" - the year after I can retire, but before I will retire. I have lots of goals for this Zero year. Trying to learn various new tech things, for example. I won't have my institution's IT department to back me up next year!
Pullin, if you haven't entered yourself into the Class of 2018 yet, go here to put in your month :-) http://www.early-retirement.org/foru...8-a-64512.html

[ponyboy]

Im 34...wife just turned 33. We added up all our account yesterday and we were at $765k (not including house.) Still have $120k, 15 year, 0% loan...no other debt. Cant complain! Hoping to push the million mark within next 3 years.

[Pellice]

Quote:

Originally Posted by ponyboy Im 34...wife just turned 33. We added up all our account yesterday and we were at $765k (not including house.) Still have $120k, 15 year, 0% loan...no other debt. Cant complain! Hoping to push the million mark within next 3 years.

Very impressive for such a young age! No matter how much money one makes (well, I guess there is a certain point where it doesn't matter!), the other half of the equation is spending less, so congratulations!

[Rianne]

Quote:

Originally Posted by davhin This is my first post and next to last day of work. I have been lurking around on many threads and have learned a ton. I am not really RE, I'm 62 but feel 24 and don't plan to start SS until 66 or maybe 70, if the market cooperates. I hit $1.1M IA this week and am ready for FREEDOM!

But when do you sell?